In this episode of the Best Stocks Now show, we dive deep into the latest market developments with Bill Gunderson and financial analyst Barry Kite. Explore the implications of record-breaking NASDAQ highs and what they mean for tech stocks. We look at Trump’s appearance on the trading floor and how political dynamics might be influencing the stock market movements. Dive into the critical evaluations presented on popular indices and what that means for seasoned investors and newcomers alike. Our hosts provide insights into significant ripple effects from economic indicators like the CPI and PPI reports, coupled with a comprehensive
He’s been seen on CNBC, the Fox News Channel, and the Fox Business Channel. His articles can be found on MarketWatch, Seeking Alpha, thestreet.com, and many other places. He’s the author of the weekly Best Stocks Now newsletter and the inventor of the Best Stocks Now app. He’s president of Gundersen Capital Management. Here is professional money manager Bill Gundersen.
SPEAKER 02 :
And welcome to the Thursday. It’s 12-12-24-2024. It’s the Best Stocks Now show with professional money manager Bill Gunnarsson, president of Gunnarsson Capital Management. I’m here with Barry Kite, chartered financial analyst. And yesterday it was the CPI that gave the market a boost. And today it’s the PPI that is weighing on the market a little bit. Right now we have the Dow down 61 points, but at 44,000, that only works out to 14 basis point drop. We’re at 44,087 right now. The NASDAQ, which had a huge day yesterday, is down 82 right now. A disappointing report from Adobe, which is a big NASDAQ component. The NASDAQ is down 42 basis points, but it closed above 20,000 yesterday for the first time in its history. A history-making day. The S&P down 17 points right now to 6,067. Meanwhile, the small caps are about even. They’re down 15 basis points now. And we do have a move up in interest rates here today after that PPI report. We’re up to 4.30. That’s the highest we’ve seen in a while here. And last but not least, Bitcoin is up 1,900 to 1,612. So welcome to today’s Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management. After a record-breaking day in the NASDAQ yesterday, Closing above 20,000 for the first time in its history. Now, I remember it got up to 5,000 clear back in the year 2000. In March of 2000, it got up to 5,300. And then it went down 70 to 79, 80%. It finally landed at about $1,500 or so, and now here we are at $20,000, some 24 years later in an all-time high. We’re going to go into the valuations on the NASDAQ here in a minute, however. You might need a little oxygen when we get to that part of the show. Okay. Kind of up there. Yes, it is up there. Not as high as it was in 2000. But it’s up there. Google had a huge day yesterday. Tesla hit a new all-time high yesterday. The Dow was down, however, yesterday as UnitedHealthcare continues to be a drag on. The big Dow Jones Industrial Average, but that record in the NASDAQ yesterday.
SPEAKER 01 :
Speaking of the New York Stock Exchange, I saw Trump ring the bell. Yeah. They had a ceremony at the New York Stock Exchange. We know in his first presidency, he kept his eye on the Dow pretty closely. Yeah. Pretty important.
SPEAKER 02 :
A healthy Dow is good for your favorability ratings. He’s coming in, though, at a very lofty level. that’s a big concern. And, yeah, I did hear that he was going to ring the bell here. Did he get a cheer and applause?
SPEAKER 01 :
Yeah, I think afterwards he’s on the floor walking around shaking hands. I think Ty must have named him as something, maybe Man of the Year, I don’t know. I think he was, yeah. He had a little press conference before that. before going upstairs to ring the bell. But, you know, you got to sign the book. I think that book’s been around for like a century or more. So pretty neat. George Washington’s in there, I think, going back. I’m sure Dow is in there. Yes, absolutely. Probably in there a couple of times.
SPEAKER 02 :
Yes. Okay, monster rally yesterday. Google all of a sudden has new life. It’s had three. It has more good news today. First, it was the Willow chip, which is an AI chip, okay, and it’s quantum computing. And then they had the news. On Waymo yesterday, when GM backed out with their cruise, and I saw that Microsoft took an $800 million loss. Yeah, hit on that. So look, everybody has losers from time to time in the market, even Microsoft. $800 million just vanished. That investment that they had with the GM is poof, gone, went to nothing. Okay, Amazon had a big day yesterday. Meta had a monster day yesterday, a breakout. It’s interesting to see how these big seven come in and out of favor today. And NVIDIA had a rally yesterday, but it’s still struggling. It’s still kind of in that sideways trend that it has been in. Now, let’s just pause for a moment and look at the NASDAQ valuations right now. They started keeping NASDAQ valuations back in 2016. So now we have eight years of records on the different evaluation levels. There’s four different ways to value a company or an index. The most popular, the most common way is price-to-earnings ratio, where you take the price of today’s NASDAQ and you divide it by the earnings over the last 12 months to come up with the P-E ratio. Number two, I would say, would be price to cash flow, which is pretty close to P.E. ratio. But cash flow is definitely different because you have to subtract from those earnings.
SPEAKER 01 :
There’s non-cash. You’ve got to take off the non-cash accrual.
SPEAKER 02 :
Yeah, repaying loans, borrowing money. That has nothing to do with earnings, but it does affect cash on the balance sheet. Price to sales is also a very popular measure. And then price to book is still pretty popular, especially when it comes to the financials. So let’s begin with price to earnings, 33.2. Well, that’s not a good number. 35 has been the top. Since 2015. And remember that COVID year? Early 2021, after the COVID year, it actually got up to about 36 P.E. ratio. From there, we went clear down to 20. That’s where the NASDAQ put in a bottom. 20 times earnings was where the NASDAQ was in January of 2023 when we called the bottom. It had come down from 36. now here’s the rob were back up to thirty three point two so the top is thirty five thirty six right in there we’re not quite there yet but were almost there so there’s a huge uh… the risk to reward ratio right now is not in investors favor uh… and uh… i read one uh… society general says this is a stock pickers market and i i i totally agree And I think there’s going to be some necessity for some hedging against some of these very high-priced indexes right now. Okay, price to sales, let’s go with that. It peaked at 5 in the middle of 2021, 5 times sales. And right now, we’re at 4.7. So that’s another problem, okay? When the market bottomed out here in the beginning of 2023, it got down to 3. So price to sales has gone way up since then. Now, price to cash flow, it got up to 23, and guess what? We’re at 23 again. And you gotta go back to 2021. Now, there’s a little bit of difference this time around. What was taking place in 2021? The Fed was on the warpath. They were getting ready to go on the warpath in 2022, actually, when they did the four-rate hikes. This time we’re going the opposite way with the Fed. But we still have a very, very lofty price-to-earnings, price-to-cash flow, price-to-sales. Now, last look we’ll take is price-to-book value. It’s been as high as 7 recently. That’s back when the NASDAQ topped. Let’s not forget, when these ratios got up to that level in 2021, that was the top of the NASDAQ, and it came down after that. But then again, it was also a help by the big drop was helped by the Fed. We’re at 6.8 price to book value. When 7 has been the high, when we started this rally, we were down around 4%. So, you know, you can’t get around that. That’s math. The math says we’re in the upper 10%, maybe even closing in on the upper 5% in these evaluations right now. So you have to definitely take that into account as a headwind. And a caution. That’s why I continue to have a yellow. I have an orange flag out on the market right now. Not a red flag. That’s reserved for a looming bear market, which I don’t see. But we’re in a very high danger zone, as the Kenny Loggins song said. We’ll be right back. And welcome back here to the second quarter of today’s Best Stocks Now show. Well, the issue with the market today seems to be the PPI. And Adobe. I would say Adobe is the other big impact on the market. What did you see in the PPI, Barry? Anything that I should be losing sleep over?
SPEAKER 01 :
Yeah, well, I mean, it certainly came in. The CPI basically came in in line, pretty much almost exactly in line report. And PPI certainly came in a little hot, I think. That’s certainly part of the market today, but also on the flip side of that, first thing is really the initial jobless claims actually. unexpectedly jumped uh to 242 000 oh i missed that well well above that yeah that was uh that was probably right around the ppi report as well which got most of the headline but um you had a 2 221 was expected came in at 242 so a little jump there um of course that’s a weekly number we’ll see what that looks like but yeah the You know, the trick is there with PPI, as we’ve explained before, is that’s the, you know, producer price index. So if their costs go up to maintain, you know, kind of their margins or earnings, right, they’ve got to pass those prices, you know, on to us as consumers. And so a lot of times, sometimes the PPI can, you know, eventually fuel future CPI growth. So the fact that it came up and then it came in two-tenths above expected and – So that’s not what we want because that’s bad for earnings and can be bad for CPI.
SPEAKER 02 :
Yeah, we’ll probably still get our 25 basis point under the holiday tree, Christmas tree next week. 98% chance of that at this point, so we’ll see. If he doesn’t give it to us, he definitely will be the Grinch that stole it.
SPEAKER 01 :
Again, he’s been that before.
SPEAKER 02 :
Yes, I think it was Powell.
SPEAKER 01 :
Yeah, 2018.
SPEAKER 02 :
Christmas Eve, the market just got absolutely slammed. I go, thanks a lot. Bah humbug. Okay, now, another thing we have working in the market right now, we’ve had one heck of a rally since the election. And Robinhood says that trading volume rose 16% in November. Well, I’m a witness to it here. You know, as I see every day, I see the trading in the market and breakouts. We had all kinds of breakouts. The number of A-plus and B-plus stocks swelled. to levels I haven’t seen in years. And now it’s starting to calm down. So that’s another dynamic taking place in the market. I would say about 80% of the charts that I look at, and that’s a big sampling. You know, that’s 1,000. We’re still at around 1,000. Yeah, I had to go to my eye doctor and get a stronger prescription. Another quarter of a point, Barry. As the market goes up, my vision goes down. I still have very good vision.
SPEAKER 01 :
You’ve got more breath to take a look at in terms of more children.
SPEAKER 02 :
But I do need a little help, you know, looking at the computer screen these days. You need a bigger screen. So now you’ve got 80% of those charts are tracing out number three. If you see my newsletter, I look at technical analysis in a very simple way. One, two, three, four. That’s it. Okay. Sideways is one. Up is two. Sideways is three. Only that three is at the top after an uptrend. That’s where we’re at. And then four, which is not the fun one, is a downtrend. So anyways, 80% of the stocks in the market are cooling off after that big uptrend since the Trump rally. And so that’s also something to take into account. Now, just when it looked like a lot of these tech stocks were going to roll over, from those number threes, because once you’re in that number three topping out trend, you can break out and go on to new highs again. It could be just a pause. And we’ve had six pauses this year in the market, and every time the market has broken out to new highs. But this time we’ve got a very, very high extreme valuation that we have to deal with. You know, I mean, look, the market over time has not traded at these levels. It usually backs off once we get this. Could be different this time. But numbers are numbers, averages are averages, and math is math, so you have to keep that in mind right now. Now, having said that, yesterday we had quite a few stocks that actually broke out. Meta broke out to a new high. Google had a massive breakout to a new high. But still, the vast majority of stocks, about 80%, are leveling off, and a leveling off mode so i’ve been drawing i’ve been busy uh drawing tops that’s that ceiling you know you just look at where that ceiling is it’s pretty easy to see usually and i’ve been drawing bottoms there where there’s support so a sideways trend is not you know just single it’s Back and forth, back and forth. It’s tracing out a top and a bottom in a sideways trend. So it’s also important to know that bottom part of that trend. If it breaks that trend, which we saw a few, AeroVirement broke its trend. The other one was yesterday, the health care stock that’s tied to Oscar. The Oscar broke its trend yesterday. The defense stocks are breaking down. Those are cells from a technical point of view. Now, I take other things into account. Valuation. Is there another level that this stock’s going to hit? Uber broke down this past week. So that’s kind of where we’re at technically. Now, you look at Tesla. There’s no topping out in Tesla. Tesla has been zooming ever since Trump got elected. And it passed its closing high yesterday of three years. And it just seems like there’s no holding back Tesla with Elon sitting in a catbird seat next to Trump watching his rockets fire off in Texas. And that’s the main table down in Mar-a-Lago. That’s a good place to be if you’re a CEO, right?
SPEAKER 01 :
I saw where his net worth, I think, topped the first one to top over $400 billion.
SPEAKER 02 :
Will he be the first trillionaire? Well, I live to see him being a trillionaire. I think so. It’s possible the way he’s going. Okay, now, Google has more good news today. Google launches Gemini 2. All right, so that is now heating up the rivalry. Google has been pretty far behind in artificial intelligence.
SPEAKER 01 :
They’ve been getting disrupted. And now the last two stories that you mentioned yesterday, it’s kind of in my head. I’m like, man, they’re fighting back and trying to be the disruptor again.
SPEAKER 02 :
Yes, just when you thought Google was dead, Alphabet, it’s breaking out. It had a massive breakout on Tuesday with the quantum computing news and the fact that they lost a big competitor in Cruise. With the RoboTaxi, you know, they obviously are Waymo, which is probably the biggest player out there right now in RoboTaxi, Tesla number two. And I would say Amazon has also become a player. But anyways, the news today, Alphabet is out with their latest version of Gemini, and it’s doing a lot better. I think Alphabet’s got quite a few catalysts going for it right now. We’ll be right back. This is Bill Gunderson. Thank you for tuning in to today’s Best Stocks Now, Best Inverse Funds Now show. I put several hours of research in during the wee hours of the morning each day to bring you the very best cutting-edge stories that I can. To get two free weeks of my newsletter, go to GundersonCapital.com. To talk to us about our fee-based only money management services, call us at 855-611-BEST. Now, back to the second half of the show.
SPEAKER 07 :
And welcome back here to the second half of today’s Best Docs Now show. NVIDIA and Adobe are under pressure today. I don’t see really anything that stands out here on the
SPEAKER 02 :
upside the nuclear stocks are having a decent day today now the defense stocks which we’ve been talking about one of the weakest sectors in the market here’s a new wrinkle european nato members said to weigh a three percent defense spending target right now they have it at two percent so if nato all those countries in nato raise their spending to three percent of their uh i think it’s of their gdp or of their budget something like that that could be a boost for these defense stocks may be cheap i just looked at three raytheon lockheed martin and one other one and They all look like they’re really cheap and they’re starting to bottom out here. I don’t think defense needs ever go away, Barry, even if you have a president that’s more dovish than hawkish. You’ve got drones flying over Pennsylvania right now that we don’t even know who they are. Can’t we fly a little F-35 up there to check it out, huh?
SPEAKER 01 :
Yeah, I mean, it’s one of these things where you almost have to keep allocating dollars to it, right? You don’t want to get behind in the arms race, right? And so, unfortunately, you’ve got to keep directing dollars towards it. It’s a long-duration play, right? I mean, things they’re designing now are going to be things that are out 15 years from now. a lot of times. And so it’s a tough space to, you know, there’s certainly some fat to trim there. But as we’ve kind of talked about a lot of times is, you know, fiat currencies, you know, whether we like it or not, are backed by armies and missiles and planes. And Part of the reason the U.S. dollar does have the standing that it does is certainly the military investment in good folks that protect us. It kind of plays into it, right?
SPEAKER 02 :
Okay, now here’s one for the Doge boys, all right? In October, the government had a $257 billion shortfall. Which, obviously, if you annualize that, that’s $3 trillion. That’s the first month of the fiscal year for the U.S. government. Wait a minute. Wait until you hear November. $367 billion. Annualize that, Barry. Now you’re up around $4.5 to $5 trillion. That’s what we’re on track for. Let’s call it $4.5, $4.5 trillion more that we will spend than we will take in.
SPEAKER 01 :
So is that planned spending, or is that something at the end of the road? That’s everything. At the end of the road. That’s everything. But is this something that they’re spending more at the very end? Hey, we’re about to get out of office. Let’s have a free-for-all.
SPEAKER 02 :
Well, let’s have a party. Let’s have a spending party. I think that’s a record, $367 billion in one month. Well, imagine a company, I mean, take it down to the millions, right? I mean, a company spending that much more than they take in. That’s why we’ve got some people from private enterprise that are going to take a look at this. That’s up 17%. Okay, if you go back to November of last year, This loss, this spending is up 17%. Has the population increased by 17% since last year, Barry? I don’t think so. It’s insanity. Well, let’s mine more Bitcoin or something. DEI setback. The NASDAQ was going to require… companies to write a letter as to why you know you don’t have more diversity in your company on your boards and I see they back down from that that was that had a lot of companies really nervous about having to do that but the nasdaq board diversity rules are struck down by the appeals court so it wasn’t the nasdaq that struck it down it was the appeals court and i think the appeals court ruled properly saying the nasdaq doesn’t have the power to do that okay the nasdaq cannot come along and say hey you can’t list your company here unless you meet these requirements from dei so anyways there’s been some big hits to dei here There’s a big IPO today, Service Titan. I’m going to add that to the app tomorrow. Well, yeah, because you can’t do it today. It hasn’t opened yet. We’re still waiting for the open. But this is a pretty big one. It’s going to come out at $71 per share, but we don’t know where it’s going to open. It could open a lot higher than that. It’s a software platform that powers trades online. businesses, the trades. And so we’ll see. That’s one of the biggest IPOs that we’ve had in a while. And as I said, Microsoft just wrote off. They didn’t have a stop loss on their cruise investment, right? I mean, Cruz went from a value of whatever to zero, just like that. There’s no defense against that. Red Bull may have won the 2024 Energy Drink Belt. Now, that guy is wealthy. Where is he from? He’s from Belgium or Switzerland or something like that. He had an idea. He called it Red Bull. It’s a multi-billion dollar company. It’s not publicly traded, however. But it fended off challenges from Monster and Celsius. Those are the two main contenders with some wannabes out there also.
SPEAKER 01 :
It’s Mitesic, right? I don’t know his first name. It’s Mitesic, I think.
SPEAKER 02 :
Yeah. Check out where he’s Switzerland, Belgium.
SPEAKER 01 :
He’s Austria. I think Austria.
SPEAKER 02 :
Okay, I was pretty close. But he is definitely one of the richest guys in the world on the Red Bull drink. Adobe, we’ve got to mention here. We mentioned our winners. We mentioned our losers. Adobe is down right now. I’m kind of surprised it’s down this much. But listen, here’s another thing we have going on. When valuations are this high, you get more volatility, much more volatility. And stocks that miss… are going to be treated a lot worse than normal because of the PE ratio of the NASDAQ being up at 35 right now. Now, Adobe is right back at where this all began. Adobe went on a run. It broke out. We added it to our ultra-growth portfolio. We’ve owned it in the past. It seems to disappoint more often than not. I think I’ve learned my lesson on Adobe this time. It’s now below where we bought it. It’s down 13%. It is one of the major horses in the NASDAQ. I want to say that the hockey stadium in San Jose is the Adobe Arena. I remember going there. We watched a game. We watched the game. San Jose Sharks played the Calgary Flames there. But anyways, you know, look, this happens. At least we’re not writing off an $800 million that went to nothing, okay? Now, okay, I evaluate these things. I don’t do anything panicky, you know. I wait and see. I see it sitting on long-term support. Let’s see where the new numbers come in. It didn’t seem like they lowered their guidance by that much. But with the market being this expensive right now, that’s what you get, a big reaction to it. And so, you know, I mean, the same goes with Uber. Uber has pulled back to its long-term support line. Adobe’s not going out of business. Uber’s not going out of business. But they may be dead money for some time. So that’s all of the things that you have to weigh. And you’re going to see a lot of selling on stocks between now and the end of the year. People need some losses, Barry, to offset all of the gains that they have over the last couple of years. And that’s another thing, you know, you don’t really want to take your big gains right now. You’re better off waiting two or three weeks until the turn of the fiscal year, which pushes off the capital gains taxes, which come due. There’s no getting around that. Unless you’re in an IRA, then it doesn’t matter. But you want to push off the tax man as far as you can. Okay, so Adobe is one of our losers today. Last I looked, it was down 13%. We’re down about 10% or something like that where we bought it, and it’s time to reevaluate and reassess. Okay, let’s see what else we got here going on in the market. Adobe, then we’ve got ETFs, not a new record as inflows cross. One trillion came into the ETF. The ETF industry is now $10.6 trillion. Personally, I’m not a big fan of ETFs. I agree with SockGen, which is saying stock pickers will be the best investment strategy in 2025. I totally agree with that. We’ll be right back.
SPEAKER 08 :
White bird in a golden cage on a winter’s day.
SPEAKER 02 :
And welcome back here to the final segment of today’s Best Docs Now show with just a little over two weeks left in 2024. Wow. Where did the time go? Let’s take a look and see what I like to look underneath the surface here today. The market’s actually improving a little bit since we started this morning, but it’s always fun to have a look inside the market, see what’s moving. Let’s look at the Dow 30 right now, which has seen some changes to it this year. Intel’s gone. What’s the other one? Walgreens is gone. That’s been a while. And one other one was kicked out. Sherwin-Williams is in. It was Dow Chemical, wasn’t it? Yeah, Dow Chemical. NVIDIA is in and Amazon. Those three are in. There’s still a few that could be kicked out as far as I’m concerned. Disney, for one. I would rather see Netflix in there. Caterpillar is down. Yeah, you’ve been pushing for that one for a while. That’s not a bad tradeoff. Nobody’s listening. No. Well, Netflix is way bigger than… than disney they just don’t have a theme park they need to they need to create a theme park up next to dollywood or something now in the dow coca-cola up 1.6 merc up 1.5 in fact i’d rather see lily than merc uh and i’d rather see a resta networks than cisco cisco’s up 1.3 microsoft continues to break out i don’t know if anybody’s been noticing that That’s not bad for the third largest company. In fact, it may be passing NVIDIA here. It’s at $3.38 trillion. Yes, now it’s back in second place because NVIDIA is $3.36 trillion.
SPEAKER 01 :
We just got $800 billion lighter, too, whenever they rode off the cruise.
SPEAKER 02 :
Yes, they lost almost a billion dollars off their market cap. And it does. It just goes poof. It comes off their balance sheet. It would be on their balance sheet as equity holdings, you know, just like a family has a balance sheet. You have your home. You’ve got your IRA account. You might have a stock account. Okay, maybe you own a bunch of stock in one company. If that company goes to zero, your equity just went down. Apple is now at 3.74, so it’s way ahead right now. It’s pulled ahead of the other two. Apple was in a sideways funk for nine months about that. It’s had a little rise here recently. NVIDIA has fallen back a little bit. And Microsoft has now taken over second place. NVIDIA is back to its support line today. It had a good day yesterday. It just can’t get out of its way. I wonder if they’re worried about competition coming along for NVIDIA now that Google has a chip, Amazon has an AI chip. I don’t know if they’re going to chip away at NVIDIA’s market share, but NVIDIA stock has really cooled off and just in that sideways kind of trend right now. Now, if we look at the S&P 500 today, we see on the downside… is pretty is that there’s not a much moving either adobe is the biggest loser in the s&p now usually we’re saying we have the biggest winner in the s&p today we have the biggest loser in the s&p you know it’s an overall position of five percent in a portfolio okay of uh… twenty stocks around twenty stocks so it’s not it doesn’t hurt you too bad And it’s an investment, right? It’s not a trade, but we will reevaluate it and see if there’s something better to replace it with. Nucor’s down. The steel stocks are down today. Not much else there on the downside. On the upside, the biggest winner, Warner Brothers. I read that they’re consolidating down to like two companies. That’s been a horrible stock. You know, they own MSNBC, and they own all of these legacy cable channels. Their ratings have just been cut in half. So Warner Brothers has issues. But it is up 13% today. They’re going to streamline and break it down into two. And the stock is actually breaking out today. It’s up 13%. But Warner Brothers has lost money one, two, three, four years in a row they’ve lost money. Another big winner today, MetLife Insurance Company. Intel’s up 2.8. Nothing too exciting there. And our last index, the most exciting index for me, is the NASDAQ. Let’s see. Adobe’s the biggest loser. Broadcom is down 2.7. That whole chip sector is very soft right now. The only one that’s got any kind of momentum is Marvell Technology.
SPEAKER 01 :
Yeah, and volume-wise, I mean, if you look at some of the volume charts, it’s certainly been a little lighter. We’re in the Christmas, December kind of season, so sometimes we get some of the softness, and really there’s no momentum in anything sometimes because of volume when you look at it from a seasonal standpoint.
SPEAKER 02 :
Well, I would say this from a seasonal standpoint, too. This is a good time to have a review of your portfolio because you might be able to take advantage of some. You’ve got between now, you’ve got 19 days to sell stocks that are underwater. And, you know, you can only write off 3,000 last time. You can write off 3,000 in losses, and then you carry it forward.
SPEAKER 01 :
But you’ll probably have plenty of gains over the last two years to offset any losses that you have. So you likely wouldn’t end up with a carry forward just because 23 and 24 stack those two years together, and it creates long-term cap gains. Yeah.
SPEAKER 02 :
So this is a good time. I mean, this is the time of year when people are meeting with their accountants, their CPAs, and financial advisors. I mean, we do that, too, and take a look. Nowadays, they keep records of the capital gains, and it has to transfer. When you transfer it to another company, those capital gains have to follow. So it’s a lot easier now to do tax planning. So you set up an appointment with us at 855-611-BEST, 855-611-BEST. We can take a look at your tax situation. And the offer is still good for the four weeks. I’ll probably at least do it until probably the end of the year. Two more weeks. For the four weeks of the trial, the live trading, spend the day with your personal analyst. Bill Gunderson here sitting at the desk looking at charts and valuations and all kinds of things all day long and sending out messages and teaching throughout the day. Go to GundersonCapital.com. GundersonCapital.com. Have a great day, everybody.
SPEAKER 03 :
All accounts are held at Charles Schwab. Schwab is a member of SIPC and FINRA.
