Tune in as Bill Gunderson, accompanied by Barry Kite, delves into the nuances of the stock market on a seemingly slow trading day. The discussion highlights the importance of rare earth materials, touches on China’s leverage in the market, and analyzes the effects of current tariffs on small businesses. The conversation extends to the global stage, exploring the Ukraine-Russia conflict’s potential repercussions on the world economy, while also offering a sneak peek into upcoming workshops and happenings at Gunderson Capital Management.
00:00:01 Introduction and Background of Bill Gunderson
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 03 :
And welcome to the Thursday. It is Thursday, June the 5th. Back in the bunker again here at HQ in South Carolina. We’ve got a squishy day going on so far here in the market. This is Bill Gunderson, professional money manager, and I’m here with Barry Kite. Our Dow is down 104 today. No big deal. $42,323. The NASDAQ is down 17 right now at 19,441. The NASDAQ down 9 points, but creeping up on 6,000. We were down at 4,800, don’t forget. The day I wrote my article, we were down at 4,800. Now we’re almost back to 6,000. We’re at 5,961. Gold has seen some interest here so far, been one of the leading asset classes here in 2025. Gold is up a little bit here today, 17 basis points to 3,404. Silver’s also been red hot here recently. I think maybe there’s a little disparity there. I think maybe silver would be a good play. right now. It seems to be the best tariff hedge. And over at the bond market, you’ve got the 10-year down to 4.34% today. So welcome to today’s Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management. I’m here with Barry Kite, our chartered financial analyst. I thank my crew for filling in on the monday and wednesday while i made the the cross-country coast-to-coast flight uh over the great land of america and uh man i saw some beautiful country i’ve been to uh you know i was in california for 60 years and uh i i love that central valley area the bay area I love the rolling hills and the rocks and rills and the oak trees and the vineyards and the plum trees and the peach trees. And it’s just gorgeous, drop dead gorgeous this time of year. And man, I saw some beautiful, a lot of rice being grown there in the Sacramento area. A lot of ducks, a lot of wildlife. We saw some pheasants last night driving through the backcountry. We saw a lot of wild turkeys in the backcountry last night. Not the kind you drink, but the kind that you shoot and eat for Thanksgiving dinner. The Golden State, I mean, it is golden right now. Really, really, really pretty. Had a good fishing trip. I saw some baseball and worked. It’s always a working vacation for me. Barry, I can’t leave the charts behind.
SPEAKER 04 :
No, they can follow you nowadays. It’s not like when you used to throw them on your porch on Saturdays.
SPEAKER 03 :
And I had my charts all the way across country at 30,000 feet. And, you know, the Internet’s pretty good now in the airlines. It used to be a little bit on the dicey side. But it was good. Now we’ve kind of had a slow week here so far. There’s not a lot of catalysts. We’re kind of in that in-between earning season period of time. That’s number one. Number two, we’re in graduation vacation time also right now, which kind of takes a little bit of the excitement out of the market. There’s still exciting things happening underneath the surface, however. And we’re still working on those trade deals. I mean the only one that has been announced that’s in the books is the one with the UK and that was really low hanging fruit there. Apparently progress is being made in Europe.
SPEAKER 04 :
uh progress uh china is not i you know i i see a standoff there it was interesting i think before we came on the show i think i was hearing word that uh i guess trump and uh and z spoke don’t know anything about the uh conversation that’s good apparently they did at least speak so
SPEAKER 03 :
Well, he’s holding firm over in China on the rare earth. That seems to be the biggest bit of leverage that they have with us. The automobile parts makers are crying right now as they’re desperate for those components that they make. They need the rare earth to do it. So that ought to speed things up anyways. The model railroad guys are crying with a 30% tariff right now. All of that stuff is made overseas in China and in Vietnam. And in fact, I looked up one of the major producers and sellers of the, especially the N gauge, the little locomotives. And they’re saying that, you know, we’re subject to a 30% tariff right now, and we’re moving a lot. Vietnam is only 10%. But it takes time. I mean, most of their production is still in China. They’re moving more and more to Vietnam. But in the meantime, something that they’re importing for $100 is costing $130 right now, and they’ve got to pass that on to the customer, and they eat some of it, the seller. That’s got to give because there’s a lot of small businesses that are being really hurt hard by the uncertainty. and this 30% tariff right now on goods coming from China. There’s got to be a lot of things carved out, or they need to come to a tariff that both sides can stomach. And that’s where that stands right now. We’ve had yields slide. Man, I’ll tell you what, it was down 10 basis points yesterday. This has been a good year for the bond market. Our little bond fund’s got to be doing pretty good. I haven’t checked on it lately. I’ll have to check and see where our… Slow and steady, yeah. Slow and steady. You’re getting a good rate at about 5% or so, and you’re getting capital appreciation. as rates have headed down into the 4.34. A lot of discussion over the BBB, the big, beautiful bill that Elon Musk says is an abomination. And, you know, it just doesn’t cut enough, in his opinion. It’s hard. You’ve got so many things that are mandatory that are not discretionary. They’re non-discretionary. It takes Congress to attack some of those things. The problem in Russia is bigger than most people realize, Barry. What Ukraine did to Russia… from my understanding they took out some estimates are thirty percent of russia’s bombers at their air force bases i’ve heard others say a more likely number is ten percent of the bombers ukraine’s gonna have hell to pay i mean there’s going to be a huge huge uh… retribution uh… anybody that was involved on that attack that they’ve been planning for a year and a half i don’t know if you know that But they had smuggled those drones in, and probably the drone operators along with them. You know, that’s putting us on the edge of World War III. I hope people realize that. And don’t forget that Russia is in cahoots with Iran. And, of course, other countries around that region, China for another one. And that’s something to keep your eye on. That has Armageddon-like possibilities there that we have to be very, very mindful of. EU sees progress in trade talks with the U.S., Despite the heavy levy on metals, the 50% tariff on steel, which Trump put on all importers, including Canada, Mexico, anybody who produces steel, Canada says they’re not going to retaliate yet. They’re trying to come to some kind of agreement. You know, these countries are hurting. Don’t forget, they’re hurting more than we are, I would say. Because they depend on sales. The biggest customer in the world is the U.S. Canada needs us. Mexico needs us as a customer. China acts like they don’t need us as a customer. But I’ve got to believe, who else are they going to sell those N-scale model trains to? I don’t know. I think they need us pretty badly. We’ve had some weak jobs reports this week. Which points, Powell is behind the curve. I’m sorry. Europe cut again today. I don’t know how many cuts in a row for Europe that is. And Powell has not done one cut. He is well behind the curve. He’s being stubborn. There’s no sign hardly at all of inflation. He does not like Trump. It’s almost like he’s trying to keep the economy kind of down a little bit while Trump is in office. But we deserve a rate cut. We really do. And you’ve got the CEO at Cleveland Cliffs says it’s killing him. It’s killing them. He says the steel industry has come to a standstill because one of the reasons he gives is the high interest rates right now that we have. The housing industry, the lending industry, the banking industry. Powell is behind the curve as the ECB delivers yet another rate cut. While Powell sits on his you-know-what. We’ll be right back. And welcome back here to the second quarter of the Best Docs Now show. Well, next on our road trip this year is Lakewood Ranch, Florida. We will be there in two weeks from Tuesday. Get your sunscreen ready. Tuesday, Wednesday, and Tuesday night is a class, workshop, meet and greet, whatever you want to call it, all of the above at the Evan Hotel there in Lakewood Ranch. The whole team will be there. I’ll be teaching. I’ll be giving you the hot spots in the market right now. And where those best stocks now are lurking, okay, down underneath the surface of those indexes is where they’re lurking. And there’s some good ones right now. To reserve a spot for the workshop, give us a call at 855-611-BEST. 855-611-BEST. You can also go online and send us a message. Please reserve me a couple seats. Go to GundersenCapital.com. And also, we’re there Tuesday and Wednesday. to meet with folks. You know, you can book a one-hour slot with us, with the team, including myself, on Tuesday and Wednesday beginning at 7 a.m., clear up to 7 p.m. Any time in that time frame works for us. We’ll make it work for you, whatever works best for you. We’ll be at Lakewood Ranch with our meetings at that Evan Hotel. And you can call us to book an appointment. We have a lot of follow-up appointments with folks we met with last time. Looking forward to seeing some folks again. Yes, 855-611-BEST or GundersenCapital.com. And then we’re headed to the Bloomfield Hills area in Michigan. in about six to seven weeks, somewhere in there. I’ll have to look at that. And then we’re going out to California. Here we come. Open up your Golden Gates. We’ll be there in Santa Clara, right around that stadium. That’s where the action is. I scouted it all out while I was there. Man, that’s a beautiful country. Oh, gosh, that’s a beautiful country. I miss California. I really do. And I like where I live now, but I also… Consider that one of the most beautiful states in the entire world, entire country, some of the most beautiful land between the mountains and the grapes and the almonds and the orchards and the vineyards. It is really beautiful. And then after that, it’s going to be Minnesota, I would say, and then Houston, Pittsburgh. So anyways, we’re ready. The bus is ready to go. It’s ready to roll. The Grateful Dead, the Gunderson, the Gunderhead bus, ready to roll. Get the T-shirts printed. Yeah, we should give out T-shirts and play a little dead music. Auto industry braces for supply chain disruptions from China’s rare earth curbs. I was standing behind a guy in the TSA line, which is the worst part of traveling. It’s just the worst part. It’s just a drag standing in that TSA line and having to strip down and go through the metal detector, whatever they’re detecting for. It’s really humiliating. And this guy behind me, he was a professor at a college in California. I want to say UC, not Davis. No, he was Fresno State. I think that’s where Aaron Judge is from. He said these tariffs are just ridiculous. He was a Trump fan, which is pretty unusual for a professor from California. But he says, this is just totally unnecessary. It’s just a losing game that he’s playing. Well, okay, that’s one person’s opinion. It’s disrupting the entire supply chain. I just read this. This little company called Broadway Limited Imports, very high-level model trains, DCC with all the sounds and everything. They say a tariff is a tax collected by the U.S. government from U.S. companies when we import a product. Trains from China now have a 30% tariff, meaning a model that costs Broadway Limited $100 would have a tax of $30, making our total cost $130. Manufacturers, importers, distributors, and hobby stores can absorb some of this. but the retail price will still rise. Since the tariffs have changed so quickly and unpredictably, that’s the big part, unpredictably, our plan is to continue announcing product prices that do not include a tariff. We will adjust the price shortly before the product arrives and give customers a chance to cut cancel orders if needed. So you see what kind of limbo this throws everybody into. They say that they started manufacturing in Vietnam. Products from Vietnam only have a 10% tariff. But progress has been slow. They now import one half of their product from Vietnam. They would like to manufacture in the U.S., but here’s the key. But the tool makers and component suppliers are not available here. The tool makers and component suppliers are not available here. And since the tariffs were implemented at such a high rate with almost no warning, we would be bankrupt before we could start production in the U.S. To prevent this, we are shipping more products from Vietnam and increasing prices on products from China and Vietnam. We’re also trying to get quotes from U.S. toolmakers that are at least looking into it for some future products. And BLI is also participating in the Hobby Industry Coalition, a group of companies in the hobby industry. I mean, I’ve got to believe Hobby Lobby, all of these little hobby shops and stores, they are trying to get the Trump administration to listen to them and help them out. And, of course, the auto industry is now bracing for supply chains disruptions from China’s rare earth curbs. Now, Japan is stepping up to the plate. And they’re trying to help us out with the supply chain cooperation with the U.S. Now, I don’t think Japan has rare earth. I don’t know how they’re going to do that. But the Japanese government is set to propose cooperation with the U.S. on rare earth supply chains, a move prompted by recent Chinese export restrictions on these critical minerals. That seems to be the biggest leverage.
SPEAKER 04 :
berry that China has over us right yeah and number one they have a you know deposit wise I think they have I don’t know 70% or more of the of the rare earths and then most importantly they refine 90% of the world’s rare earth minerals so it’s not just about going and digging and getting them it’s about refining them and you know it’s a dirty nasty process and that’s one reason we’d you know don’t do it over here and yes and they’ve done it for you know i think they started cornering this market and i was reading something about you know kind of like the mid 90s uh essentially and you know some of the items aren’t rare there may be more abundant than gold the problem is there’s not large deposits of them in one place and they’re very minute and so you’d have to dig you know Go through a bunch of rock just to get one little bit of it.
SPEAKER 03 :
Yes, and Japan is working. They’re in the fifth round of trade talks with the U.S. In the meantime, Suzuki Motor has halted production of a car they were making, a Swift car, due to China’s rare earth curves because it’s also affecting them, this whole thing with China and the rare earths. Okay, when we come back… Man, there’s a lot of companies in the news, and we’ve got to take a look at gold. Gold is flying right now, and dragging silver along with it. That’s a good hedge. 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. And welcome back here to the second half of today’s Best Stocks Now show. The market just slightly below the line here today with the NASDAQ down 19, the Dow down 78. The S&P down nine. I think we need some breakthroughs in the trade negotiations. I think the world is watching that Ukraine-Russia situation. What is Russia going to do as payback against Ukraine? And who was behind? I mean, apparently the U.S. was behind planning a lot of this, many years. about 18 months ago, you know, Jake Sullivan and the Biden crew. So I don’t know if there will be retribution for the U.S., but it did some major damage to Russian bombers. They’re not happy, and they’re going to strike back, I think, heavily. Always something to worry about. Always.
SPEAKER 04 :
Yeah, now I saw something in terms of internally, from an internal defense standpoint. We’re looking at how to thwart those types of attacks if someone attacks.
SPEAKER 03 :
Yeah, well. We’ve tried to do it in the U.S. The Golden Dome is years away. But we do have, I’m sure, we have some pretty good deterrents. Okay, we’ve got gold as your best hedge again, as I’ve said many times. That’s been one of the best performers here. It’s up almost 30% in 2025. I know we love tech. I love tech. I love NVIDIA. I love CoreWeave. I love Palantir. But you have to hedge. You have to be spread out a little bit. There’s not a lot of tech stocks that are up 25%, 30% this year like gold is. Gold is just a very good hedge in this pea soup of mix of conditions we have in the world right now. Yields have been sliding here. We’re clear down to 4.34, which is bullish for stocks. I mean, that increases that multiple that we pay for the Palantirs and the Corweaves of the world. Speaking of Corweave, It’s been on a roll, but, man, is it nosebleed expensive right now. I got an email from somebody at CoreWeave wanting me to connect with one of their people to talk about the stock. And I said, well, I’ll do you one better. Why don’t you come on the Best Stocks Now show? I have not heard back from them. I don’t know if they need us to promote their company. That’s one of the hottest stocks. But they just did their largest ever NVIDIA Grace Blackwell clusters, okay? They cluster these things.
SPEAKER 04 :
Sounds like some Baskin-Robbins ice cream.
SPEAKER 03 :
Yes. CoreWeave said 2,496 Blackwell graphics processing units, or GPUs, were running on CoreWeave’s AI-optimized cloud platform. So you wonder what CoreWeave does. That’s what they do. And this has got to be one of the hottest stocks. Not only did we say Palantir was our number one choice this year in the overall market, but we jumped on CoreWeave shortly after they went public. And we’ve got some big gains there. But we have to be careful because that thing is just nosebleed expensive. NVIDIA in focus as B of A maintains buy after meeting. We are working on an article for NVIDIA. But if you want to know how I feel about NVIDIA, go to SeekingAlpha.com. where I’m one of their top riders by performance. I’m in the top 2% or 3%. I wrote up where we’re at in the market right now, a follow-up to my 4800 S&P 500, where I said, hey, it’s going to turn out okay. Here we are at 6,000. And at the end of this follow-up article, I threw in a paragraph or two on NVIDIA. and so you can go there and see what we like and video’s been trading very very well here recently cleveland cliffs crying the ceo said the u.s federal reserve is holding down demand for steel used in construction and manufacturing by not cutting interest rates and that’s true i mean uh… steve uh… construction and manufacturing depends on borrowing borrowing money to build projects and uh…
SPEAKER 04 :
The lower your cost of capital is, right, then the more these projects make sense, right? The old finance question where it’s, you know, do I expand the factory or not, right? Well, a lot of that has to do with what’s your interest rate and cost of capital.
SPEAKER 1 :
100%.
SPEAKER 03 :
And the CEO of Cleveland Cliffs says the Fed is ridiculously late in acting. For the steel industry, it’s killing steel consumption. AI infrastructure continues to mount as Amazon announces a $10 billion data center project in North Carolina. Data center is still a very hot industry. And I’m going to talk about in the last segment of the show a little-known data infrastructure company that we picked up recently. I’ve owned it before. They had a very solid earnings report today, and it’s breaking out. I mean, there’s a whole chain that is linked to data center. And I read an article that in the Silicon Valley, they’re running out of juice for their data centers. They’ve almost reached max capacity. And I’ve got to tell you, they’re not going to get new energy anywhere soon. You know, they’re years away from having any new energy supply. So I see a crunch coming in that silicon. You might have to ration microwave lights, you know, your TV time, your computer time, so those data centers can hum. I don’t know. But that’s a critical, critical issue. a problem right now is the shortage of energy to run data centers and of course anybody involved in the cloud amazon microsoft google of course coreweave these are all big players in data center along with nvidia and let’s not forget super micro computer which is still big in data center UBS maintains its bullish stance on Netflix with a fat price target hike. And I couldn’t agree more. We featured Netflix as one of our top stocks when we were in Cleveland. And we continue to own Netflix of the fabulous seven. I don’t know if Netflix is one of the fabulous seven. It changes from time to time. I don’t think it is. But when you get into the big tech.
SPEAKER 04 :
No, we went through them yesterday. Yeah, it’s actually not. Not on the list. You could certainly probably switch one of them out at least.
SPEAKER 03 :
Yeah. I’d go the Fabulous 8 and include it. Maybe the Fabulous 9 and include Palantir. But anyways, UBS is – and I still have GoToTheApp.com. Go to the Best Stocks Now app. Now, I just spent the last weekend and a few days with my friend out there in the Bay Area who helped him and I before there were any financial apps. I had the spreadsheet. I said, let’s take this. Let’s build an Apple app. And I made several trips driving from Southern California up to that Bay Area, eight-hour trips straight through. And Douglas and I worked on that thing together. We were one of the first pioneers, pioneers in the stock app business. market which there wasn’t one when we started are totally fresh and now it’s updated it’s purring like a kitten and that thing man i would be lost without uh without the app look up and look up netflix on the app NFLX. Look up the performance over the last 1, 3, 5, 10 years, which is a big part of the app formula. And look up the valuation. We’re the only app out there that I know of that is not just based on momentum and performance like most quant systems are. No, we’re half valuation. Valuation, you’ve got to have 80% or more upside over the next five years. And the other half is performance slash momentum, or as it’s called in the industry, alpha, alpha. Labor markets crack. A bit. Needed for Fed to embrace. Well, they’re saying that if the labor markets start to crack, that’s when the Fed will act, which is kind of stupid, really. Why don’t you do it before the labor markets start to crack would be my advice. But who am I? I’m just a guy out here managing money and watching how the rest of the world. Procter & Gamble is cutting 7,000 non-manufacturing jobs over the next two years amid tariff uncertainty. I would say it’s more of a Procter & Gamble problem, but it’s easy to blame your issues on terror of uncertainty. Right.
SPEAKER 04 :
I mean, no different than during COVID, obviously. That was a cover, especially for your fledgling companies, right? And so you get this, we call it part of the earnings game and part of the narrative of any individual stock. And they’re going to take that chance if they need to.
SPEAKER 03 :
Yeah. And those initial jobless claims did come in a little hot today, 247,000. That’s the most elevated number we’ve seen in a while. And Alphabet CEO Pete Jai saying, you know, engineers don’t have to worry. AI is not going to replace them anytime soon. But down the road, he sees AI taking a lot of jobs. So that’s over at Alphabet. Okay, oh, look who’s going to report tonight. We’ll be right back.
SPEAKER 1 :
We’ll be right back.
SPEAKER 03 :
And welcome back here to the final segment of today’s Best Docs Now show with professional money manager Bill Gunderson. We’ve got Broadcom reporting tonight. That’s a big one. AI will be in focus, as analysts expect, and earnings beat from Broadcom. Broadcom has been breaking out. I’ve said many times that NVIDIA is best in class by far in the chip sector. You know what? From time to time, Broadcom looks pretty good, too. I would say them and Marvell Technologies would probably be my second and third. And AMD is starting to look pretty good on the charts once again. They need to get the issues resolved with China and the ban on the really high-speed chips. I’m sure that’s part of the negotiations. There’s a lot of negotiations going on while we’re working every day.
SPEAKER 04 :
So many different facets of trade. I mean, we can get into steel. You can get into solar panels. I mean, of the stuff that’s been dumped onto the world markets everywhere. I mean, each one of those seems like a pretty big negotiation in itself.
SPEAKER 03 :
And I did see the Broadcom building there in Palo Alto. And, of course, Broadcom also has a lot of exposure in Singapore. Originally, it was Avago Technologies who bought Broadcom. and then kept the name Broadcom, so now it’s more of a U.S. company, but they do have a lot of exposure there in Singapore. We’ll see how they come in tonight. I like Broadcom right now. Centris Energy powers the 52-week high as B of A starts with a buy rating. That’s LEU, by the way, and that’s part of that energy crunch for data centers. They’re the world’s only publicly traded enriched nuclear fuel company at a time when the industry is poised for growth. Bank of America initiates coverage with the buy rating and $160 target price. Well, it’s $143 now. That is a beautiful chart on Centris Energy. I’ve had my ups and downs with the stock, but consider that it was $1 a share in 2019, and today it’s $143 per share out of Bethesda, Maryland. That’s where they’re headquartered. But they are the world’s only publicly traded enriched nuclear fuel company. So they’re sitting in a pretty good, in the catbird seat right now.
SPEAKER 04 :
Yeah, probably attracting some capital there.
SPEAKER 03 :
Yeah, and I’ll tell you what, it’s a 2.4, it’s just a small cap company, $2.4 billion. Supplies low-enriched uranium for commercial nuclear power plants, which there will be more and more of those coming online. Their sales are growing pretty rapidly. Their earnings are not that great, but definitely a player in the nuclear renaissance. And I’m sure if you had one of those nuclear ETFs, you would have that stock in there. The symbol LEU. Retail investors are shifting away from the MAG-7 and towards promising beat-up names, says Robinhood. I totally agree, and I’m seeing it. And we’ve picked up several. That little value fund is doing well. We’re up to maybe half full. I want 40 stocks in that thing, and I’m picking them off here one at a time. I’ve added a few beaten up tech stocks recently. which fit that exact profile, promising, beat-up names. And they come from all walks of life. This is a very good time to invest in a strategy like that. And, yes, we can put you in the go-go ultra growth and the premier growth, but we can also throw in as a hedge, which is good, less volatility there. and more of a value, relative value tilt. That’s another area. I’ve never really seen a relative value. Well, growth at a reasonable price, I guess, if you had an ETF or mutual fund with that strategy. But relative value is a real thing, just like relative strength. I don’t think relative value gets enough airplay out there and enough value. Credit, you’re buying stocks that have traded at really rich multiples for years and years and years that are suddenly trading at lower multiples than normal. Let’s see here. Launch day for the Nintendo Switch 2. Now, I was going to ask you, Barry, about this. Are your boys Nintendo guys or not?
SPEAKER 04 :
Yeah, we’re not on the waiting list, but yeah, we did see where there’s, you know, in terms of the, I think they’re planning on selling about, I don’t know, I think 13 million in the states this year, so, you know, of course, tariffs kind of put a little bit of a damper on their sales strategy, and then also what they had the new I think the new park down in Universal in Orlando opened up, which has a Mario kind of Nintendo world to it. So who knows? It might be Santa might bring one under the shelf.
SPEAKER 03 :
Maybe. You never know. If they’re not naughty and they’re nice instead. Rivian.
SPEAKER 04 :
Those are the games that I remember, by the way, as a kid.
SPEAKER 03 :
Yes, Nintendo.
SPEAKER 04 :
My first games were Nintendo. Mario Brothers. Yep.
SPEAKER 03 :
Would you loan Rivian money? I did see some Rivians in California. Not nearly. There’s 100 Teslas to one Rivian would be my guess. That’s just an unofficial observation. They’re going to price some green notes. I don’t know what a green note is, but they’re 10%, okay? They’re due in 2031, so you can lock in 10% for six years. If Rivian’s able to pay him back, I think I’ll pass.
SPEAKER 04 :
I think, yeah, I mean, it’s one thing if Jeff Bezos lends them some money. He’s got plenty, right? Yes, this is for the public. For an investment for the public, probably not the best use of capital.
SPEAKER 03 :
Okay, here’s our stock of the day, and we’ll end it with this. We own this in our emerging growth portfolio. This is an AI infrastructure play, Argan, which is A-G-X. Argan is headquartered in Arlington, Virginia. They provide engineering, construction, and telecommunications infrastructure services. Very good growth. Listen to their quarter. Sales were up 23%. Earnings were up 176%, breaking out to a new all-time high. That’s my cup of tea right there. But a very aggressive stock, Argan AGX, which is in our emerging growth portfolio. Okay, all right, Lakewood Ranch, we’re coming to you in less than two weeks. Workshop Tuesday night, one-hour appointments Tuesday and Wednesday, limited supply, limited quantity, 855-611-BEST, 855-611-BEST, or GundersenCapital.com. Get that four-week trial that we offer to the whole enchilada of everything Gundersen has to offer here. Thanks for listening.
SPEAKER 02 :
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.
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