AI’s profound impact on the job market takes center stage in this insightful episode. Bill Gundersen and his guest explore forecasts by CEOs of major companies like Amazon and Ford, predicting significant workforce shifts due to AI advancements. As we unpack these developments, the discussion also covers geopolitical tensions and their repercussions on the global economy. From the temporary halt of Iran’s nuclear ambitions to the strategic resumption of chip software exports to China, this episode offers a comprehensive overview of market maneuvers and technological evolutions shaping our world today.
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 07 :
Good morning and welcome to the Thursday, July 3rd edition of the Best Docs Now show. I am Barry Kite, planner and analyst here at Gunderson Capital Management, and we’ll have Bill on the line here in a moment. All right, we’ve got him here, but we’ve got markets right now all in the green. We’ve got the Dow up 0.65% to 44,772. We’ve got the S&P 500 up just about 0.7% up to 6,270. And the NASDAQ up 176 points. That’s 0.87% leading the way today up over 20,569. And we’ve got crude oil down just a hair about 22 cents to 67.23%. Gold pulling back just down $22 today. And we’ve got Bitcoin up over $110,000, up 1.5%. And again, good morning. Welcome to the July 3rd edition of the Best Docs Now show. Yes, I am here now. We got him. There we go. There’s the captain.
SPEAKER 09 :
We had to go to plan B here. You never know with the Internet these days and whatnot. But anyways, hey, you know what? We’re hitting a new all-time high today. on the NASDAQ. We’re hitting a new all-time high on the S&P 500 today. And, of course, the Dow is moving towards an all-time high. And, you know, I mean, I look at Bitcoin as kind of a risk-on indicator. And look at Bitcoin. Did you see that today? Very 110,000, which it’s closing in on its all-time high also. So, boy, you’ve got… All gears running smoothly on the market today. And we’ve got some good news also on the front.
SPEAKER 08 :
How did that jobs number come in today, Barry?
SPEAKER 07 :
Came in higher than expected. It was a pretty strong report, as we mentioned yesterday, with the ADP. A lot of times the ADP and the non-farm payrolls paint different pictures. And non-farm payrolls in June rose 147,000. That was stronger than the 110,000 expected. So pretty, at least on the job front, some great news. And I think I also saw another number that came out this morning was factory orders picked up as well.
SPEAKER 09 :
Yeah, I never thought I’d see the day, too, that Vietnam would be such a big player in the economy. But part of the new highs in the NASDAQ and the S&P 500 yesterday and then following through today, a trade deal has been reached with Vietnam, which has become quite a big manufacturing hub, the U.S. will get total access to the Vietnamese market. Well, I don’t know if we can take on Vietnamese clients, Barry, but others that U.S. products will have total access, and Vietnam will pay a 20% tariff on goods sent to the U.S., so… I know a lot of the manufacturers, especially the clothing manufacturers, were really worried about a stiff tariff against Vietnam because they’re getting a lot of their goods out of there today in this world. And 20%, I guess, is palatable for them because it will be spread out amongst the manufacturers, the sellers, and the buyers today. And apparently we’re getting closer. You know, we talked about July 9th being a hard deadline, and it doesn’t look like he’s going to extend it. As it sits right now, Japan has to do something because they can’t afford it. I don’t know how they can pay a 25% tariff on their cars. I mean, would you buy a Toyota and pay whatever, you know, it is, extra prices built into that car? Coming from Japan, 25% to me is unpalatable for them. They’re going to have to give somewhere. I think it comes down to our farm products. I know California wants to sell their rice to Japan. In fact, I bought a five-gallon bucket of sushi-grade rice from Sacramento. Did you when you were there? It was really, really good. Anyways… We’ll just have to see where that goes with Vietnam. Yeah, and those nonfarm payrolls, 147,000, 147,000 jobs created. And, of course, you also have the initial jobless claims dropping this week to 233,000 versus the 240 consensus. And, you know, look, as long as that line remains stable and sideways like it’s been – that means that the jobs market is remaining very strong, very steady, not rocking the boat, and there doesn’t seem to be any signs of a recession out there on the horizon because that would be the first place you would see that show up would be in those initial jobless claims, which we look at every single Thursday. That’s a leading indicator, a leading indicator that either shows a healthy jobs market or trouble brewing out there on the horizon, which we have not seen now for quite some time. Here’s an update on Armageddon, Barry. It’s been postponed for now. You can move the date back at least two years. The U.S. strike set back Iran’s nuclear program by two years. That’s the Pentagon’s final assessment here. It didn’t set it back. We heard that it was obliterated, may never come back. But Pentagon spokesman Sean Parnell disclosed during a press briefing that Iran is much further away today from nuclear weapons than they were before the president took bold action to fulfill his promise to the American people. And that promise was that Iran will not have a nuclear weapon. The mission, codenamed Operation Midnight Hammer, targeted nuclear facilities at Fordow, Natanz, and Isfahan Donald Trump said Defense Secretary Pete Hexup and Pete Hexup claimed that it had obliterated it. Well, two years, I guess, is better than two weeks. Obliterating it would have been even better. But the Atomic Energy Agency says they could restart their enriching uranium program in a matter of months. Do you think Iran will go back to enriching uranium, Barry? I mean, they risked it. They take a big risk, but I think they will. I really don’t think. I think they’re hell-bent on coming up with a nuclear weapon somehow, some way. But at least Armageddon has been postponed for now. The other big news today, I kind of missed this. I caught it early this morning that we’ve resumed chip design software exports to China. That’s a pretty big deal. That was a big concession that we made on our part. And, of course, the big concession that China made was access to their rare earth elements. But that’s helping. Cadence and Synopsys are the two biggest companies in America that design the chips. Once, you know, they get all the algorithms and whatnot to build into those chips, but they actually do the design. Taiwan Semiconductor, which has been a very strong stock breaking out to new all-time highs recently, does the building of them, and they use ASM lithography and other equipment makers’ equipment to make those chips. But that was a pretty big concession, and that’s a big boost to our chip industry here in America. The question is, what will China use those advanced designs for? Will they be putting it in their weapon systems? Well, you know, that’s the risk that we take, but that’s the concession that we made to get that deal.
SPEAKER 07 :
For the rare earth, right? They’re going to trade us the rare earth minerals, right? Yes.
SPEAKER 09 :
Yes. And, of course, we’ll use them in our weapons system. You know, too bad that the world has to have enemies and war. But it’s all been predicted. U.S. and India accelerate trade talks following Trump’s deal with Vietnam. I think India wants to get in on a lot of the business that’s leaving China, the manufacturing business. uh because of the tariffs and of course vietnam has picked up a lot of that slack it was already moving to vietnam because now they have cheaper labor now the chinese you know they don’t have the cheap labor like they used to have on a relative basis they do but on an absolute basis there’s cheaper labor now in other countries and the receiving end of all this seems to be vietnam in india that wants to become a major manufacturer and of course we’re seeing that with apple And Apple’s move away from China, not completely, but moving a lot of their manufacturing to India to work around those big tariffs on their phones coming out of China. Well, we’ve been talking about AI. In fact, I had a discussion last night at the dinner table. Will AI replace guys like us, Barry? And my answer is no, because I’ve seen people that have brilliant people, scientists like software programmers, go into the day trading business, and with all their algorithms and formulas, they couldn’t do it.
SPEAKER 08 :
I mean, very few people succeed at day trading. If they can’t do it, I can’t see how a consensus of all of those people on AI would do it. But Ford says that AI will replace half of all white-collar workers in the U.S. That’s the Ford CEO.
SPEAKER 09 :
And welcome back here to the second quarter of today’s Best Docs Now show. Well, I had someone ask me when we were in Sarasota, he teaches some high school kids, what careers should we be telling our high school kids, our college kids to be pursuing? What should they be studying in college? Well, I would say a white-collar worker, not a good deal. I mean, that’s… White-collar workers are middle management, I guess, for the most part. But the Ford CEO yesterday says half. I’d like to see a number. How many white-collar workers are there in the U.S.? I think there’s quite a few, millions and millions of them. And, of course, Andy Jassy over at Amazon said they’re going to continue to reduce the company’s workforce over the next several years. replacing them with AI. JP Morgan said the operations headcount there could decline about 10% in the coming years, a growing AI adoption. And Meta CEO Mark Zuckerberg in April predicted that most of the company’s code could be written by AI. in the next 12 to 18 months. So coding seems to be another career that is going to have some trouble.
SPEAKER 07 :
Well, 30% of Microsoft’s code, according to the CEO, is currently being written by AI.
SPEAKER 09 :
There you go. And then, of course, this company Fiverr, which is a website that you can hire code writers and different kinds of people from different professions. Micah Kaufman, that’s publicly traded company, FVRR. He says, AI is coming for your jobs. It doesn’t matter if you’re a programmer, a designer, a product manager, a data scientist, a lawyer, customer support rep, salesperson, or a finance person. Hear that, Barry? AI is coming for you. I think I’m going to become a lifeguard. I can’t see robots swimming out there and rescuing people. I don’t know. There’s got to be some job. A plumber. I’m going to get a plumbing truck, park it in my garage just in case. Lucid Group sees a strong jump in second quarter deliveries. When’s the last time you saw a Lucid group?
SPEAKER 07 :
I saw this story towards the top of Seeking Alpha’s list today, and I was like, man, I haven’t seen their name in a while.
SPEAKER 09 :
Nor have I seen anybody driving one.
SPEAKER 07 :
Yeah, if anyone’s seen one of those or owns one of those, send Bill a message.
SPEAKER 09 :
I saw one on the Ravenal Bridge. That’s the only one I’ve ever seen. It was a beautiful-looking car. I haven’t seen it since. Yeah, I’ve seen one, too. But, you know, I see plenty of Cybertrucks in our neighborhood. They’re funny-looking things. I’m not a fan of those Cybertrucks. I can’t see a plumber showing up in a Cybertruck.
SPEAKER 07 :
The new Scout. Remember the old Scout from years ago? I had a friend was telling me about the new Scout electric vehicles. They look sleek, and they seemed like they were fairly priced. You just never know with these things taking off. To me, the trick is they’re very software heavy. We were talking about some of these companies that have gone by the wayside. It’s like if you own one of those cars, do you still get a software update? No.
SPEAKER 09 :
Yeah, it’s like an iPhone coming out every year. Well, these EV cars are going to become better every year, and the one you’ve got is going to go down in value, sometimes in a big way. Our EV car has gone down in a big way because the demand isn’t there on the secondary market for them. Rivian sees deliveries tail off. I do see a fair amount of Rivians running around our neighborhood. They’re going to come out with their new model introductions. I think it’s a good-looking car, but, you know, I mean, you’re going to pay a lot more for a Rivian than you’re going to pay for a little Ford truck. Samsung is said to be delaying completion of its U.S. chip plant due to lack of customers. Well, that’s a good reason to delay your plant. Of course, Samsung makes a lot of the flash memory, and they are building a second U.S. chip plant in Texas. but they originally were going to begin operations in 2024. They pushed it back to 2026 due to a shortage of local customers. Yeah, I think I might just put that one on the scrap heap. Now, speaking of how’s the economy doing in China, Louis Vuitton creates a buzz in Shanghai. You ought to see a picture of this thing with a ship, a cruise ship-themed concept store. This thing is gorgeous. There’s an artist’s rendering of it on Seeking Alpha today with escalators and everything. And this store is called the Louis. And it looks like a big, giant cruise ship that you walk into. It’s got a metallic Louis Vuitton monogram, a ship-like anchor in the shape of an LV logo. The upper levels are designed to look like the brand’s iconic travel trunks. visitors need to book in advance to enter the Louis Vuitton Concepts. Now, I wonder how much buy-in there will be. How many people are going to show up to see this thing? How many people are going to walk out with a shopping bag full of goods, you know?
SPEAKER 07 :
I mean, it puts the flagship in flagship store, doesn’t it? I mean, it is a ship.
SPEAKER 09 :
Oh, my gosh.
SPEAKER 07 :
Wow, that thing is gorgeous.
SPEAKER 09 :
Okay, well, you know, sometimes these big Wall Street firms are wrong, and eventually they have to kind of admit it. Needham has had an underperformed rating on Meta for a long time, and the stock continues to plow forward and hit new all-time highs. So here’s how Wall Street works. Needham, which is a pretty big, I mean, secondary Wall Street firm, I would say. They’re not Morgan Stanley or Bank of America. On Thursday, they took a more neutral stance. Okay, they’re not negative anymore. Now they’re neutral. Does that mean I run out and buy it? They gave it a hold from its previously assigned underperform rating. So anyways, I would say that they… kind of been wrong about Meta, which has been one of the top performing stocks in the market. And over at Marigan Stanley, one of our favorite firms to follow, they are upping Salesforce. I guess Salesforce has raised their prices. recently which you know look i mean they’re at a very high price point we’ve looked into sales force i think you have to be a pretty large company larger than our company and have a much larger sales force and a much bigger budget for your sales force to be a customer for sales force but you know it’s a great company they have a great product but it ain’t cheap And Morgan Stanley has said that these recent price hikes are going to help them. Well, we’ll see. I mean, that’s a two-edged sword. On the one hand, you know, it may drive people away and they may go to the cheaper, what’s the one underneath the Salesforce? There’s a couple of them that compete with Salesforce that are a lot cheaper than And I’ve been watching Salesforce stock. It’s a member of the Dow. That’s a negative. And it has really cooled off in growth recently. But Morgan Stanley’s got a pretty lofty price target on Salesforce CRM. $404, and it’s currently trading at $273. They’re very bullish on Salesforce. I’ll keep my eye on it. 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 06 :
We’ve got to get together sooner or later.
SPEAKER 09 :
And welcome back here to the second half of today’s Best Docs Now show. Well, it should be a pretty celebratory July the 4th with the fireworks and everything. We don’t have an embargo on fireworks. I see the fireworks store. That was one of the areas that was threatened by the tariff standoff was Chinese fireworks. Yeah, Chinese fireworks.
SPEAKER 07 :
Didn’t the Chinese invent fireworks, I believe, if I’m not mistaken?
SPEAKER 09 :
I think so, yeah. I mean, you’ve got to hear the NASDAQ is hitting a new all-time high. The S&P 500 is hitting a new all-time high. Much to the chagrin of the Trump haters, whether you’re a Trump hater or a Trump lover. You can’t deny the fact that the market’s hitting new all-time highs after they painted… They basically wrote the epitaph for the economy, the gravestone for the NASDAQ, the gravestone for back in February and March of this year. And once again… I like to listen to people that are right. And once again, the pundits, and they know who they are. They’re all the usual players and actors that come forward and give you bad advice right at the time you need good advice. They were wrong again. Bitcoin could surge to $200,000 by the end of this year, says Standard Charter. That’s a big bank headquartered in the U.K. They have branches all over Asia. A big, big player. Why do I sit here looking for stocks when I could just buy Bitcoin, which is backed by nothing that I know of. I don’t know what it’s backed by. It’s all I know. It’s supply and demand. And they keep buying it and keep running it up and running it up. And now it’s at $110,000 a day. I think the all-time high is $111,000. And a standard charter is predicting 200,000 by the end of the year. Well, write that one down. We’ll see if they’re right. We’ll know by December 31st. CrowdCheck shows very robust demand as momentum continues, says Wedbush. You know, I was thinking that of all of the big firms out there that are… uh… in the news every day in commenting every day and we’re seeing their target prices were seeing their stock picks were seeing their predictions i would say that were most in line uh… with wed bush uh… in their uh… way of thinking uh… they tend to be you know laser focused on Tech. Tech, okay, and the Silicon Valley. I don’t know that they would own a Decker’s Outdoor or a – I don’t know. I guess they do, but they seem to be the ones – they’re always bullish on Apple. They kind of backed off of Apple a little bit, but they seem to be in a lot of the same – I guess you could say. We used to have a Wedbush not too far from the firm that I worked for many years ago in San Diego. I don’t think it’s there anymore. It was in Solana Beach. Wedbush is headquartered in Los Angeles. And, of course, Dan Ives is a big name. I’m sure he makes a pretty penny for kind of being the spokesman for Wedbush. But there you are, you know, Tesla, big supporters of Tesla, the AI revolution, etc., etc., etc. I’d put them up against Morgan Stanley any day of the week. I mean, if I was going to open an account with a big, big tech firm, Google proposes fresh changes to search results to comply with the EU’s new antitrust rules. I see there’s a lot of whining and complaining about some of the new regulations that are being proposed by the EU, especially in the AI space. A lot of companies not happy saying it’s going to tie their hands. Because of the strict regulations. I just wanted to say something. I have a personal story here about Google searches. I have a little battery issue with my boat. I go out there and I have a charger. I plug it into shore power and all this and that. And I go out there and the batteries are dead. All four of them. It’s pretty maddening. It’s pretty aggravating. trying to troubleshoot it and figure it out. And I looked at a Google search. You kind of need someone to come to your home. It’s very hard. You’ve got to take your boat out of the water. That’s a couple grand, Barry. Breakout, not another thousand. Boat is breakout another thousand, B-O-A-T. And it’s a couple thousand just to have it halt. So I Googled this Google search, 151 five-star reviews. Now I have to question those reviews. Who’s writing those? Is anybody authenticating those reviews? I mean, in theory, you could have some club or whoever, a bunch of your friends at church write a bunch of posits. So I said, well, okay, that sounds pretty good. They ought to be able to handle this job. I mean, it’s not that complicated. They were the worst. They were a nightmare. Totally scary. I said, how can you have 150 five-star reviews? Am I the only guy that you screwed up so badly? I’m just saying, take those reviews with a grain of salt. Now, when you get into Yelp, I think Yelp’s a little more honest on restaurant reviews, but the Google reviews, I think you have to really… And they know how… I’m not saying these guys do that, but they know how to manipulate the search, right? So their name comes up. As the top boat repair firm in our neck of the woods. So, anyways.
SPEAKER 07 :
Yeah, they paid for that title and maybe the reviews.
SPEAKER 09 :
Well, I mean, they were scary bad. I would be afraid to get in my boat if I continued to have them working on it. It was just a nightmare. All right. Robin Hood. Tokenized stocks. What do Robinhood’s tokenized stocks mean for the industry? They’re at it again at Robinhood, looking to transform another part of the financial world. The rise of stock tokenization and the tokenization of other underlying assets has sent the company’s shares on a blistering rally. climbing 18% over the last three sessions. SEC Chair Paul Atkins is hailing tokenization as an innovation and vowing to put an end to regulation through enforcement by making clearer rules. Well, Robinhood, you know, their initial success was the introduction of commission-free trading. I would say they’re probably the number one hold it in your hand on your iPhone trading platform. uh… when robin hood went to zero all the competitors had to go to zero they’ve got the fractional share trading uh… yeah give me a half a share of booking and uh… a little bit of uh… price or a little bit of uh… decker’s on the side uh… whole hold the johnson and johnson please the success of fractional shares trading became one of the first mainstream brokerages to offer crypto trading also Robinhood has been a very successful stock. We got into it four days after the market bottomed. We’ve owned it in the past. Because it also has an unknown quantity that’s hard to measure. popularity amongst, I would say, the Reddit crowd. Is that fair? The same ones that were buying GameStop. GameStop and Bed Bath & Beyond. Yeah, Robinhood is more of a real company, right? So this token, I haven’t had to study this tokenization. You know, Vlad Tenev is the CFO, but it makes it easier to expand equity trading from a 24-hour, five-day-a-week schedule to a 24-7, as well as introduce DeFi aspects like collateralized lending, borrowing, swapping, staking, and self-custody Robinhood is using Arbitrum for now. It’s planning on building a custom Ethereum-based L2 to power the tokenized stocks. This is getting above my pay grade here. It sounds a little suspect to me. You know, I remember the day when, in the early days of my career, I had clients that wanted the stock certificates, Barry, in their safe deposit box. I bet your dad could tell you some stories of, no, I want those certs. That went away a long time ago as it all became electronic. How do you know if you even own the shares without the certificates? I’ve also had people show up with a box of stock certificates that they inherited, right?
SPEAKER 07 :
And the EE savings bonds were the other ones that were always tricky.
SPEAKER 09 :
Now, those are worth something. But most of the stock certificates could be used as wallpaper. And they were always, they figured they had a lot of money because there was 100,000 shares. There was 10 certificates with 10,000 shares each. The problem is the shares were worth zero. Doesn’t matter if you own a million shares. So anyways, Robinhood just ran tokens on SpaceX and OpenAI. There’s been some drama. A little bit controversial there. Robinhood’s actually down today. First day in a long time. It’s down real quickly. Pull up Robinhood. It was down 3% or 4% last time I looked. My Internet’s a little slow. I’ll have that. Oh, it’s down 5.3% today after hitting a new high yesterday. We’ll be right back.
SPEAKER 04 :
You want to go and do what you want to do with it.
SPEAKER 09 :
And welcome back here to the final segment of today’s Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management. I’m here with Barry Cotter, chartered financial analyst. I was just looking at CrowdStrike. Look at that chart. That’s a new all-time high on CrowdStrike, CRWD. It ain’t cheap. But either is filet mignon.
SPEAKER 07 :
I wonder how much of their code is getting written by AI.
SPEAKER 09 :
You know, I don’t care. They’re going to make $4.70 in earnings next year. It’s hitting a new high, Wedbush. And it’s one of our largest holdings. I think it’s the number one cybersecurity stock as far as stocks go when it comes to performance versus the other stocks out there. For a while, their Palo Alto Networks was kind of at the top of the heap. And, of course, Palantir and CrowdStrike are probably the two dominant companies. I saw today that Datadog, which I’ve looked at it in the past, and I still look at it. It got added to the S&P 500 today, which is a big feather in their cap. We’ll see how Datadog, I know that’s been a favorite at a lot of these firms out there. CrowdStrike’s now a $127 billion company. Guess where they’re headquartered? In the Silicon Valley of cattle country, Austin, Texas.
SPEAKER 07 :
Right, there we go.
SPEAKER 09 :
You tip your Stetson cowboy hat. I remember my father, who met all of the Marlboro men and had his picture. I have a picture somewhere. I need to put that on my office wall of my dad standing there with the Marlboro men. There was four different models there. They were real cowboys, too. They weren’t actors from Hollywood. But I remember as a token of their appreciation, they sent my dad a Stetson hat.
SPEAKER 07 :
Oh, man.
SPEAKER 09 :
Those are those beautiful… I mean, they’re not cheap. A real cowboy… You know, in Montana, on a cattle ranch, where’s a Stetson on his horse? I look silly in one. My dad looks silly. He looked silly in a Stetson hat. It just doesn’t fit some people. It doesn’t fit everybody. But anyways, Austin, Texas, I’m sure there’s a Stetson hat. And then the boots you wear are also very important. Those Toccova boots, you know, or whatever. Boots are the big ones of cattle ranchers these days. I don’t know if they wear them at CrowdStrike. I doubt it very much. They show up in Waymo’s, right, and get out. Nowadays, yeah, exactly. Totally different crowd. And hang out with the – they have lunch with the robots, you know, The humanoid robots.
SPEAKER 07 :
Self-driving horses, right?
SPEAKER 09 :
This Brazilian Embraer, they tallied a 30% increase in Q2 aircraft deliveries. They continue to hit on all cylinders. And Embraer is hitting a new all-time high today. That little stock’s been good to us. Now, I haven’t seen Wedbush mention Embraer. I don’t know if they get into it. My best stocks now hold system is non-discriminatory. I mean, it doesn’t focus. It’s not heavily tilted in any one direction. It just happens to be that most of your premier growth stocks in today’s world, most of your Wagyu beef is in the technology industry because that’s where the growth is. And growth is one of the big factors in earnings today. Earnings growth is very important. It’s hard to attain earnings growth in the waste disposal industry or in the big pharmaceutical industry. Once in a while, one comes along that does that. It just happens to be. But then you get, here’s a little plane maker. that is hitting new all-time highs and we own that in that value, relative value portfolio, which I am really happy with and it’s growing very rapidly as we put more and more money in it, more clients putting put in it. It’s not a traditional value fund, which is absolute value. We’re talking relative value growth at a reasonable price would probably be it’s not like it’s a totally new concept but i think it is uh to call it i’ve never seen a relative value etf or a relative value fund and i’m very happy with the performance so far uh and uh and it’s a fun one i mean there’s a lot of a lot of fun a lot of different things in there yeah It’s kind of freewheeling. They come from small, mid, large cap stocks. Former high flyers like Chipotle, you know, it dipped down. And Chipotle is still a pretty good growth stock.
SPEAKER 07 :
Things you run into or find as you’re going through and looking at possible things for premier growth, ultra growth, and emerging growth. And, you know, you come across other names that may not quite have that momentum piece but still have the valuation and that stuff. Yes.
SPEAKER 09 :
I find it to be the most lucrative shopping aisle right now with the most merchandise on the shelves. Because it can happen very quickly. They move onto that shelf, the clearance aisle. I mean, they’re not that bad. It’s not like they’re on clearance like the stale bread and those things. They wheel out those carts in the back of the store. The old donuts. The old donuts at the front. But anyways, I find it to be a very fertile area to shop in these days. And, you know, any company could land on there at any given time because of the nature of the beast. So I’m very happy. And there’s no rules that it has to pay a dividend. I think that may have been an issue. Although that’s the most popular strategy from my perspective in the market today. There are more dividend achiever ETFs and mutual funds, rising dividend, people that consistently raise their dividend, people that have paid dividends for the last 27 years, missed a dividend. I just found that it’s hard to find inefficiency in that area because it’s so widely popular. It’s so popular, everybody’s doing it. And I think, you know, I was tying my hands a little bit, not to say that we haven’t had some great stocks. Meta pays a dividend, okay? But you get into the insurance stocks and stuff like that.
SPEAKER 07 :
It’s harder to separate because you’ve got so many people who are on those same names, so it’s hard to, you know, they all seem to be more fully valued than others.
SPEAKER 09 :
It’s hard to get alpha. That’s the bottom line. It’s hard to squeeze alpha out of that sector. Okay, BNP Paribas, they like FedEx. Now there’s a typical, that’s another one that’s a very popular Wall Street stock. No thanks. All right, we’re out of time. We’re going to have a three-day weekend, get the fireworks ready. We can celebrate new, firework number one, new highs in the NASDAQ. Firework number two, new highs in the S&P 500. Firework number three, we’ll be back on Monday. To set up an appointment, 855-611-BEST. To get a trial to everything we offer, GundersenCapital.com. GundersenCapital.com. Have a great day. Have a great Fourth of July, everybody.
SPEAKER 03 :
This show is not a solicitation to buy or sell any securities. Bill Gunderson or clients of Gunderson Capital Management may have long or short positions in stocks mentioned during the show. Past performance is not indicative of future performance. Gunderson Capital Management is a fee-based registered investment advisory firm. All accounts are held at Charles Schwab. Schwab is a member of SIPC and FINRA.
