Bill Gundersen discusses the transformative shifts in technology and the challenges faced by current market players like Tesla and NVIDIA. Explore the evolving roles of major stock players in the market and forecast future movements amidst interest rate changes and geopolitical influences. Whether you’re an investor looking for the next big opportunity or just keen to understand economic trends, this episode offers valuable information and expert analysis.
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’s the Thursday, March 20th, post-Fed decision edition of the Best Stocks Now show. And hey, look at that. I predicted this morning the markets were down quite a bit with the futures, and then we opened up just slightly down. And in the message I sent out to clients and subscribers, I said, I would not be surprised to see some bargain hunting in the markets today. And that’s what we’re seeing. This is Bill Gunderson, president of Gunderson Capital Management. This is the Best Stocks Now show. The NASDAQ is now up. How about that? The NASDAQ, can it make it three days in a row? Or I guess three out of four or something like that. The NASDAQ’s up 49.57 right now. We’re gaining some steam. The NASDAQ is up 57 to 17,805. The Dow is up 51. That’s 12 basis points to 42,015. The S&P is up about 10 points right now to 5684. Small caps down 10 points. They continue to be a big laggard. As far as an asset class goes here in 2025, we have interest rates, get this, they’re 4.19 this morning, 4.19, that’s the lowest they’ve been in a long time, whatever Besson is doing. It’s working and driving down interest rates without the help of the Fed. And we’ve got gold at 3,041. And last but not least, Bitcoin is up 1,500. So a little risk on here today at 85.830. So welcome to today’s Best Stocks Now show with professional money manager Bill Gunderson. President of Gundersen Capital Management. I’m here with Barry Kite, our Chartered Financial Analyst. And it’s looking more and more to me, Barry, that the commentary I wrote in last Friday’s newsletter that I think maybe a bottom is in here in the NASDAQ. That’s looking like a pretty good call. So far, after, you know, a bear market territory sell-off for a lot of the AI. Certainly the Mach 7. The Mach 7. Tesla, holy cow. Palantir. But they’ve all stabilized, and they’re going sideways.
SPEAKER 04 :
Palantir put a bear market in in a day and a half.
SPEAKER 03 :
Yeah. Will it put a Super Bowl in in like two weeks or three weeks, like astronomical to the moon, fly me to the moon type of move? And, you know, that had to cool off a little bit.
SPEAKER 04 :
The chart looks like the latest fare ride.
SPEAKER 03 :
Yes, and it did. They’ve got a new ride up there. What’s the one on the border up here in South Carolina and North Carolina?
SPEAKER 04 :
Oh, yeah, yeah, yeah. Wins, something wins.
SPEAKER 03 :
Not Dollywood. Carowinds. Carowinds. Yeah, Carowinds. They’ve got a new ride up there. It’s called the Palantir Dipper. It shoots straight up and then comes straight down. But in the end, you’re still higher than where you started. That’s not bad. So anyways, we’ve got a little bit going on. We’ve got the Fed behind us. I don’t think the Fed said anything to upset the market. And in fact, when they mentioned two rate hikes, I could hear the market getting all excited. You know, wow. I mean, rate cuts. Sorry about that. Rate cuts this year. That’s what the dot plot shows. The Dow was up 383 yesterday. The NASDAQ was up 247. Pretty good day. The Fed held rates steady. Indicated two rate cuts. Gold hit a new all-time high, 3,056. That’s another record high. Shopify, for me, was the stock of the day, up 8%. I don’t really know what the news was. Other than they were switching their listing from the New York Stock Exchange to the NASDAQ, I guess the market liked that. So anyways, the Fed held steady on rates. They see slower growth and higher inflation, but they also see that inflation as transitory, and it may not happen. It depends on where the tariff wars end up. I listened to an interview yesterday. Barry, you should listen to that. That’s very interesting. It was Robert Lighthizer. who was in charge of trade under Trump for the first Trump administration. And he’s still very much involved, I think, as an advisor and a consultant. And he talked in depth about trade deficits. the huge trade deficits. He was talking about how trade was never meant to create huge trade deficits like that. Both countries were supposed to benefit in a trade agreement. This is an interview he had, very interesting, with Tucker Carlson. It was about an hour interview. A lot of it kind of went over my head. I think it even went over Tucker Carlson’s head. But he talked about uh… trade deficits create tremendous transfers of wealth out of america to other countries and i guess from a logical point of view that makes sense uh… who who’s benefited more from our trade deals with china we’ve gotten cheaper products uh… but our gdp is two percent these days and much of that is caused by the massive trade deficits which were never supposed to happen under fair trade deals. So if you really want to understand the trade deficit issue and why Trump is resorting to these tariffs, that’s a very good interview. I highly recommend it with Tucker Carlson and Robert Lighthizer.
SPEAKER 04 :
Well, and industry protectionism, too, is another big piece in terms of one country subsidizing a particular industry. Take Chinese steel at one point in time, right, and then making it much cheaper and then dumping it onto the world market, not just ours. Yep. at a much cheaper rate.
SPEAKER 03 :
That’s cheating in trade deals, right? When you dump cheap products on a market. That’s a no-no. So anyways, I mean, it was very good, and it enlightened me a lot on how the trade works and the trade deals and what the consequences are and all this and that. The Fed also, they set their PCE inflation at 2.7, which was revised up from 2.5 in the December estimate. But it’s not expected to stay elevated. He thinks that’s transitory. And they also put the growth rate GDP, they bumped it up a little to 1.8%. And a lot of that is the trade deficit that holds our growth down. So anyways, we had a pretty strong day. I would just say that the Fed was fairly dovish. And, you know, indicating two rate cuts, I think, was very important for him to mention.
SPEAKER 04 :
I’ll tell you what’s interesting is, of course, you know, the Fed mentions, right, two rate cuts. Of course, you know, you look at the market and percentage-wise, right, there’s really, you know, there’s basically 49% of the market is, you know, agrees that there will be two rate cuts. which means the other 51 think there’s going to be more cuts. More cuts or less cuts?
SPEAKER 03 :
More cuts. I’m on the more cuts side now. Yeah, you’ve got 33%.
SPEAKER 04 :
33% of bets are on the three cut for the year. Yeah. So it tells you where the money is even versus what the Fed is saying.
SPEAKER 03 :
Yeah. Well, he has to jawbone, you know, the different things. He doesn’t want the market to get expecting three and then only get two. And, of course, it’s not good enough for Trump. He’s calling on the Fed to cut rates as tariffs start to increase. ease into the economy he thinks they should i’ve never met a president yet who didn’t think that the fed should be cutting rates yeah you always want to fuel that economy right yes and so anyways on april 2nd trump will unveil his new reciprocal tariffs on various countries based on the rates they charge for american goods which only seems fair, just illogical. I just look at things from a logical point of view. The scope of the new tariffs remains unclear. I know India’s been coming down on their tariffs. They’re one of the worst. They’re 100% on U.S. cars, and that’s where you get into protectionism. They’re protecting their big auto industry. Tata Motors is a major player. in the world, and they have 100% tariff on U.S. cars. The Bank of England is probably pretty much in cahoots with our Fed. They hold great steady. They’re at 4.5%. I think that’s where we are, although the 10-year is down to 4.19%. And it should be noted that, you know, 10 years down, 60 basis points since Trump’s inauguration on January 20th. And that was one of their things they wanted to accomplish was drive down interest rates.
SPEAKER 04 :
Well, that drives down budget costs. Yeah, that drives down budget costs, right? I mean, what do you think is going to save more money, right? Reducing a headcount by 30,000 people or reducing interest rates by 0.6% when you’re in debt?
SPEAKER 03 :
Yeah, a trillion dollars in interest, right? That’s part of the deficit. So maybe they’ve lowered that to $800 million in interest rather than a trillion. So, yes, it helps your budget. They’re trying to balance that budget. We’ll be right back. And welcome back here to the second quarter of today’s Best Stocks Now show. Well, the market has improved quite a bit. I was just looking. I just downloaded my B-plus or better rank stocks out of my Best Stocks Now app. which has fifty two hundred stocks in it to become a b plus rank stock or better they have to have uh… evaluation a good valuation and good momentum those two uh… in uh… in place uh… there’s also a little bit of quality uh… built into that uh… algorithm that i use and we have today Three hundred and eighty four. Let’s see. Let me make sure. Three hundred eighty four B plus rank stocks. Eight days ago we had only two hundred and eight, which is very low. That means the market’s pretty washed out and oversold when we reach that level. So 384 is back to pretty much a kind of a normal, maybe a little bit below normal number. When you get up around 7, 800, 900 B plus or better ranked stocks, the market’s a little bit overheated. So we’re at a good number there as far as B plus or better ranked stocks. Copper prices top $10,000 a ton. And I was looking at the ETF copper, CPER, and that’s gone on quite a run. It’s up 25% copper since the beginning of the year. So Trump has certainly driven up copper prices.
SPEAKER 04 :
uh big time copper bar the terror copper bar that i use yeah i got a copper bar that i use as a paperweight it’s uh i think it’s the first year that they actually i guess i don’t know didn’t i guess you know minted copper but it’s in 2012 it’s like just a one kilo bar so well you listed on ebay worth a little more than it was
SPEAKER 03 :
Divide 10,000. How many ounces are in a ton? I can’t do that in my head right now. It’s a kilo, so it’s a fantastic paperweight. I’ll bet. Where can I get one? I’m going to think I’ll get a… Mine is going to be gold, you know, sitting there on the desk. Look at that from Fort Knox. Copper prices 10,000. By the way, I’m having a ton of copper dumped in your driveway today. ten thousand okay so anyways it’s going up along with the gold prices what can i say gold hits the new all-time high so they usually run together trump to sign executive order directing the department of education shut down and of course we’re hearing that he’s doing away with education in america i think he’s sending it back to the states is the whole idea of that so You know, this was an interesting story. Greenpeace, I used to see a Greenpeace ship in the San Diego Harbor from time to time. They have to pay hundreds of millions of dollars to Energy Transfer, which is a Canadian oil company. In the Dakota Access case, I mean, that would basically break Greenpeace. They’re out of business. I don’t think they even have $600 million unless they’re getting money funneled to them through NGOs and whatnot. But that’s a huge award against them, a verdict against them. uh… behind their protest and all of the uh… you know the vandalism the violence that they cause uh… in that bismarck uh… area uh… anyways that’s uh… that’s an interesting uh… development there oclo announces a milestone on a path to deploy the first commercial powerhouse in idaho Now we’ve been talking about this and of course the proving grounds up there near ARCO. I’ve been there. I have distant relatives that actually work there. They reached a milestone agreement with the Idaho National Laboratory, the Department of Energy’s largest multi-program science and technology research lab. and prepares to lay the foundation of its first commercial nuclear power plant. Now, they’re the ones that are going to build the smaller nuclear power plants. The agreement reached in collaboration with the Department of Energy and local Shoshone-Bannock tribes. that’s one of the tribes there, in Idaho, aims to ensure that Oklo follows environmental regulations throughout the site investigation process for the future location of its Aurora nuclear power house. So that is a big hurdle. Getting past that, I mean, to get the permits to start and lay the foundation, Oklo has been focusing on his timeline to get nuclear reactors on the ground, targeting first deployment by 2027, and they’ve reached deals with a lot of partners, including data center operator Switch. And fuel developer Lightbridge, who’s coming up with a more efficient fuel, form of the fuel, LTBR is the symbol there. In a Barron’s interview, Oklo CEO Jacob DeWitt said the latest development was both a sign of how far the company has come and how far it still has to go. Okay, so that’s the issue there with nuclear. is that how far it still has to go.
SPEAKER 04 :
Well, that’s how long that regulation, I mean, that’s why we haven’t had, I mean, that’s the biggest hurdle a lot of times. I mean, remember we had the one here, I guess me and you probably moved after they had already, you know, moved here after they had already started it, and it was a debacle. Years. They put so much money into it, and then they, I think… Yeah, and then they ran into an environmental issue way after the fact.
SPEAKER 03 :
Way after, way into it, which basically shut it down, and they finally walked away from it. And now they’re starting it back up again, now that there’s a friendlier administration out there, I guess. That was out there at the Santee River, the Cooper, Santee Cooper nuclear power plant.
SPEAKER 04 :
But they were like a billion, they were a billion dollars or more into that project, I believe.
SPEAKER 03 :
Several billion, yeah, and had to walk away from it. People’s Bank of China keeps lending rates unchanged. Now, they’re clear down at 3.6%. No, 3.1%. We’re at 4.5%. So, you know, money does follow cheaper. That’s one of the reasons why China’s up 21% today or year to date. And the U.S. is basically down a little or flat. I think it’s still down in negative territory. Money chases cheap money, cheap lending rates, and that’s why you’ve seen Japan’s markets doing better this year. And China is the market of the year, up 21%. They have the lowest interest rates, 3.1%. Let’s see what else we’ve got going on here. Bank of England, Bank of China, EU is planning their counter-tariffs. They say Trump’s tariffs are unjustified. They say we’re not the problem. Well, the EU is pretty harsh with their tariffs against our goods. I don’t think that’s true that they’re not the problem. The EU said it’s going to raise its levies up to 26 billion euros worth of U.S. goods, including boats, bourbon, and motorbikes. That sounds like a Saturday for you, Barry. Boats, bourbon, and motorbikes from April 1st.
SPEAKER 04 :
I don’t know if bourbon and boats and motorbikes go together.
SPEAKER 03 :
That’s probably not a good combination. Your Saturday fun is going up in price. We’ll be right back.
SPEAKER 05 :
This is Bill Gunderson. Thank you for tuning in to today’s Best Stocks Now, Best Inverse Funds Now show.
SPEAKER 03 :
Now, back to the second half of the show. And welcome back here to the second half of today’s Best Docs Now show with professional money manager Bill Gunnarsson and Barry Kite. I want to look at Nvidia. I really liked what Jensen Wang had to say. the other day, and I like the way NVIDIA’s chart is shaping up here. It looks to me like it’s found a home. It’s put in a bottom. NVIDIA had about a 25% correction from the high. It was somewhere in that range, 21% to 25%. And that’s where most of your AI stocks, most of your Top 10 S&P 500 stocks were down anywhere from 20% to 25%. Netflix was down 21% from its high. Nvidia somewhere in that range.
SPEAKER 04 :
Even Meta, after going on that long streak, the longest win streak since 1990, and then, of course, what gave up 17%, 18% at least?
SPEAKER 03 :
Yes, and while the S&P was only about a 10% or 11% correction, the high beta stocks, the growth stocks, it was more like 20% to 21%. NVIDIA today, that looks good. It’s back up to 119. It is up $1.50 today. There’s more news out on NVIDIA today. They’re in the spotlight as Morgan Stanley is more positive after their GTC analyst question and answer Q&A. He said he was more positive. This is Morgan Stanley’s analyst. It covers it on the tech giant’s trajectory after it held an analyst question and answer session at its GTC event. Morgan Stanley analyst Joseph Moore said management’s enthusiasm at this stage of the Blackwell was notable. given that it comes at a time when the market appears to be losing confidence. NVIDIA CEO Jensen Wang said during the keynote address that the four major cloud service providers, Amazon Web Services, Azure, Google Cloud, and Oracle Cloud, have already purchased 3.6 million. Oh, man, Blackwell GPUs in 2025. We’re not even three months into the year, Barry. Yeah, I mean, he said it was also.
SPEAKER 04 :
Starting off on a high note, right?
SPEAKER 03 :
Yes, he said it was also clear that the reason the company made the decision to give that, it was to refocus the narrative on the strength of the demand that is out there. for these chips and they also gave a very solid timeline and calendar for future products $162 is the target price for NVIDIA from Morgan Stanley. The stock’s currently at 119. I think it’s a pretty good bargain myself. NVIDIA management also made a compelling case on how to solve the problem of growing inferencing at scale. And while the market is skittish over efficiencies, it should drive demand higher. especially as application-specific integrated circuits start to encroach on NVIDIA’s business. Well, cheaper products. But I think NVIDIA’s chips are going to be needed. NVIDIA is going to invest hundreds of billions of dollars in U.S.-made chips and electronics. Okay, that ought to be music to President Trump’s ears and get Jensen Wang in good graces with the administration.
SPEAKER 04 :
Well, when you know they would love to diversify their supply chain in terms of geographically, if they could, the problem is not that many people make those chips.
SPEAKER 03 :
No, they have a very limited. But, you know, Micron would be one, obviously, that would benefit. They’re also in talks with Intel, maybe for some chips. Intel, you know, the jury’s still out there on Intel with the new CEOs. It’s probably down in that value turnaround type of camp if you’re looking to invest in Intel. Also, this humanoid robot revolution, he’s calling it the next, you know, Then the networking of those computers. Then along came the phone revolution where the old dial-up phone on the wall. When’s the last time you saw a phone booth, Barry? I mean, there’s some of these old, I see these model railroad guys.
SPEAKER 04 :
I see one every once in a while at a hotel. At a hotel way in the back by the lobby bathroom or something.
SPEAKER 03 :
So he says the next revolution is humanoid robots. You’re going to have to have one at some point, and that’s that group that we were talking about. Whether it can vacuum the floor. I don’t know. I mean, we already have. We’ve had an iRobot for a long time. It doesn’t bring me dinner yet or make my bed. And it doesn’t drive you around. No.
SPEAKER 04 :
It doesn’t drive you around yet either.
SPEAKER 03 :
Yeah, I need a twin, you know, to drive the car around and take me out to dinner and whatnot. So anyways, the biggest player in that is obviously Tesla with their Optimus. Elon Musk has called that the biggest product in history. Of course, he’s known for a little hyperbole. And then Microsoft has their own robot. And guess what? They’re going to need NVIDIA chips. So the humanoid robot revolution is upon us. says Nvidia CEO Jensen Wang. Okay, Quantum has picked up. I’ve seen some lively trading in Rigetti. I’ve seen some lively trading in D-Wave. D-Wave seems to be the main stock. But there’s a new tie up here between IonQ, I-O-N-Q, which has been a player at times, with Ansys. And Ansys, it came up during Wang’s presentation as a supplier to NVIDIA. So they’re teaming up with IONQ. We’ll keep our eye on those quantum stocks. Eli Lilly launches weight loss drug in India, beating Novo Nordisk to the punch. I’m starting to see some advertising, too. They’re getting a little bit more aggressive in their advertising. Lilly is starting to perk up again. Man, it really went through a tough time there. It got up to 935, and then it went down below 800.
SPEAKER 04 :
Well, you know they’re ramping up supply behind the scenes. They’re ramping up supply as much as they can, and at some point the drug will be cheaper, but they’re going to be selling more of it.
SPEAKER 03 :
Well, I’ve also heard from several sources… Different suppliers know more of the compounding. They’ve sent out letters and notified the patients and clients that no longer can we sell you the compound knockoffs of semaglutide and terzepatide.
SPEAKER 04 :
So that’s something where HIMS has a certain amount of time, I guess, to go through their inventory. There’s some kind of ruling that I saw in terms of what their business and how that will be wound down.
SPEAKER 03 :
Believe it or not, I would count Lilly. In fact, it’s in my value portfolio. You know, value… Strict value investing, the Graham and Dodd method, is not relative value. It’s intrinsic value, right, where you go into book value and the sum of the parts. I approach it from a different angle. I look for relative value, which in my opinion is equally as powerful as relative strength, okay? Relative strength means how strong is it relative to the other stocks in the market,
SPEAKER 04 :
As a definition of momentum or a technical indicator.
SPEAKER 03 :
And I think there’s such a thing as relative value. When you had a stock that was at one time, NVIDIA would be a good example. NVIDIA was trading at much higher multiples. A strict adherent of value investing is going to turn my show off right now by saying what I’m saying. But I believe strongly, you know what, there’s a name for that concept. It’s called fallen angels. Those are fallen angel stocks. Those are stocks that were trading at very high multiples at one time. And you can look at them today and say, well, you know, Lilly’s still got a pretty high multiple there, Gunderson, at 27 times forward earnings. Yes, but it was trading at 45 times forward earnings not too long ago. I think relative value, I’ve always been a little bit of a maverick going against the grain. And I think relative value is equally as potent as intrinsic value, which when you get into intrinsic value, I mean, you’re looking at an auto part maker, right? If they just sold off their machinery. Selling plant and equipment. Or cash in the bank.
SPEAKER 04 :
Compare Intel and NVIDIA and tell me about the relative value, right?
SPEAKER 03 :
Exactly.
SPEAKER 04 :
That’s the key.
SPEAKER 03 :
Okay, well, on that note, we’ll be right back. We’ve got some Tesla news. Tesla’s a relative value. Perfect example. We’ll be right back.
SPEAKER 05 :
You’ve got to go where you want to go. Do what you want to do with it, whoever.
SPEAKER 03 :
And welcome back to the final segment of today’s Best Stocks Now show. And speaking of that relative value portfolio, that’s going to begin on 3-31, March 31st at the close there. And I’ve already got most of the portfolio lined up, and I’ll be investing in it. as the guinea pig, as the seed. It’s not pooled money. Every account is separate. And, you know, I mean, I buy these stocks for you. If you say, okay, I want in, open an account for me. Here’s $200,000 or whatever. I buy when I think the time is right. I don’t put it into all 30. I’m planning on more in the 25 to 30 range stocks. because there’s a lot that meet this criteria. It’s harder to find those B-plus value and momentum stocks, but the value plays, the fallen angels play. Sometimes they’re all over the place, especially right now. This is a very good time to be investing in something like that. I’m not saying Tesla is one of them, but Tesla would definitely be one under heavy consideration. Tesla was $488 just three months ago, and it’s now at $236. So its valuation has come down about 55%, 60%. We’re talking about price to sales, price to book value, price to earnings, price to cash flow, etc. And I’m seeing Tesla attempting a bottom here, Barry. 1, 2, 3, 4, 5, 6, 7, 8, 9 days now of building a bottom here. I still have room for about 10 more stocks in that portfolio. Tesla would definitely be under consideration as an example of what I consider to be a fallen agent. Now, Tesla’s still got some problems. They’re recalling thousands of Cybertrucks over an exterior panel issue.
SPEAKER 04 :
Actually, yeah, all of them. All of them. To fix this one issue, I think it’s an issue that’s only going to end up affecting less than 1%, but they’ve got to get them all in there, and it’s some glue, adhesive, or something of that nature.
SPEAKER 03 :
I’m glad that didn’t happen on the SpaceX rocket that brought the… The astronauts. So he’s had a good week. They need to use some of that adhesive.
SPEAKER 04 :
That’s the adhesive they need to use.
SPEAKER 03 :
Yeah, and he’s had kind of a bad week with this problem with the cyber trucks. Now, Wedbush says they have an outperform rating on Tesla and a $555 target price. Although the firm thinks Elon needs to make a few moves to flip the narrative. Boy, I don’t know. I mean, the sentiment against him and the lighting cars on fire in California.
SPEAKER 04 :
Yeah, I mean, he’s in a can’t-win situation in reality.
SPEAKER 03 :
He’s in a tough situation unless the conservatives come to the rescue and start. To me, the biggest thing that could happen for the EV industry in America would be getting our hands or the technology or developing our own on that five-minute charger. That would be a game-changer. If you could charge your car, 250-mile range, in five minutes, that to me is a game-changer.
SPEAKER 04 :
Analyst Dan always thinks… Well, and NVIDIA teaming up with GM, I mean, that’s a big deal in terms of you’ve got to have those chips and you’ve got to pull less power to make… Self-driving uses a lot of technology and power, so… Yeah, well, that 30 minutes sitting there waiting for your car to charge, that just doesn’t work in today’s world.
SPEAKER 03 :
My wife went and saw, you know, our daughter and husband and family. They’re in Columbia, South Carolina at Fort Jackson. He’s an officer there. And so that’s what. It’s two hours to Columbia, a little over two hours. And she drove her Mercedes EV. By the time she got there, it was 50%. She’d used 50% of her batteries because she’s running her heater. I said, you’ve got to be careful. A heater eats a lot of electricity.
SPEAKER 05 :
But she said it was cold.
SPEAKER 03 :
Okay. But we also have a trickle charger that she plugged in over at her daughter’s house there, and that gave her like another 10%. But that’s slow. But she was there for several hours and was able to get home okay. So that would be a game-changer in my opinion.
SPEAKER 04 :
But it’s stuff you’re worried about the whole time.
SPEAKER 03 :
Yes, but they think that he needs to be a little bit more, needs to say a few things. I’m sure he listens to what Wedbush has to say, Dan Ives. He says they need to give out a roadmap for a cheaper, lower-cost vehicle to be released in the market in 2025. along with an update on their unsupervised rollout in Austin, Texas. And also the Doge issue, that’s the one that’s hurting him the most. They think that they need to see Musk take a step back and balance his Doge and Tesla CEO roles. But I don’t know. Once that toothpaste comes out of the tube, it’s hard to put back in I don’t think the sentiment is ever going to really shift back to being favorable towards Elon from a certain, you know, half the society, half of our society. Doesn’t like the guy, and they’re lighting cars on fire. They’re flipping off people driving Teslas for supporting him. It used to be the other way around. You know, it was his following was the environment.
SPEAKER 04 :
Yeah, California loved Tesla all the time.
SPEAKER 03 :
Okay, Darden Restaurants, we have one earnings report of note. Darden, which a lot of people frequent, popular Olive Garden and all their different brands that they have. Hey, that’s a good report. It’s up 7.1%. I know that they did a deal with DoorDash that has helped them a lot. Their sales were up 6%, earnings up 7%. Not a bad deal. It’s closing in on an all-time high over at Darden Restaurants. D-R-I, Lone Star, or not Lone Star, or Longhorn. What are those steakhouses? Lone Star, I can’t remember. We have one in Mount Pleasant. And Bahama Breeze and Olive Garden and all the different brands that they have.
SPEAKER 04 :
Oh, yeah, Darden.
SPEAKER 03 :
Yep, Darden. Okay, well, that’s another show. I think there’s some bargains out there right now. There’s no question about that. If you’d like more information on the value fund, it’s up and running now, but it will officially be in the newsletter and we’ll start it at $100,000 on – on 3-31-25, and just on money management in general or a financial plan or become a free trial user of everything at GundersenCapital.com or 855-611-BEST. Have a great day, everybody.
