In this episode of the Best Stocks Now show, Bill Gunderson and Barry Kite explore the latest news affecting stocks and investments. From Google’s impressive market reaction to the emerging narrative around job cuts driven by AI, the hosts provide their expert insights. They navigate through complex subjects like regulatory risks affecting major market players and delve into the world of sports stocks as the NFL season begins. With engaging conversations about the impact of high-profile influencers and strategic acquisitions in the telecom industry, this episode offers a comprehensive look at today’s investment landscape.
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 06 :
And welcome to the Thursday. It is the September 4th edition of the Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management. And I’m here with Barry Kite, our chartered financial analyst and certified financial planner. And now we have a flat open for the market. The NASDAQ was up. But the NASDAQ has now pulled back to even. In fact, now it’s down a point at 21,496. The Dow is down a point at 45,269. The S&P is up three points. to 6,451. Small caps are off to a good start so far. You got a big drop in interest rates today, which is good for those multiples in the market. The Russell 2000 is up. A quarter of a percent in good news in the bond market here today with the 10-year clear down to 4.18%. We haven’t seen that in a while, 4.18%. that’s the lowest rates have been uh… for quite some time i have to look at that but the last time we were this low gold is down finally today uh… about one percent eighty four basis points it’s a thirty six oh five however and been hitting new highs recently crude oil very soft sixty three dollars and fifteen cents uh… and bitcoin is down seventeen hundred uh… at one oh nine nine five two So welcome to today’s Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management, a nationwide fee-based only money management firm. And I’m here with Barry Kite, our chartered financial analyst. And, Barry, I’m back from California, but we’re turning around next two weeks from about a little over a week, going back to California. So coast to coast. Yeah, on the 15th, right? Yes. The Best Docs Now show, which is heard from coast to coast. We used to be up in the furthest northwest part. corner of the u.s and seattle i think we might still be on a portland station and then of course clear down to sarasota and everything in between but the bay area is where we’ll be going uh in about a week and a half and we’d have to get a bigger room for the workshop So we’ve got plenty of space now. 855-611-BEST to reserve a spot to that Tuesday workshop. September 16th. September 16th at the Santa Clara Marriott, The Hub. The hub of AI, I would call it there, and looking forward to that. Well, we had kind of a mixed day yesterday in the market, but the NASDAQ was up 1% yesterday. Google had an awesome day yesterday. otherwise known as Alphabet, G-O-O-G-L. It was up 9.1%, and I think you mentioned it yesterday. That’s its biggest jump in many years on non-earnings-related news, and it was all about… the Department of Justice, I believe it was the Department of Justice, going pretty easy on them as far as breaking it up, making them sell Google Chrome. None of that happened. And, man, Google really took off. So Google’s got some irons in the fire right now in A.I., I think they’ve got the lead in RoboTaxi. Now, how did a search engine become the leader in RoboTaxi? That’s how powerful these tech companies are as they spread their wings, and that’s why you had them in court facing antitrust charges. But they’ve got a lot going on over there at Google. And it is one of our largest holdings here at Gundersen Capital Management. Gold had another good day yesterday, breaking out to new all-time highs. And, of course, the gold stocks are also breaking out to new all-time highs, many of them, along with silver, which is now at over $41 per ounce, which we haven’t seen in quite some time. And we haven’t seen the 10-year down at 4.18%. Maybe there was a bit of a soft report today on private payroll, which means – does that mean we get the non-farms payroll report tomorrow?
SPEAKER 05 :
Yeah, we’ll get the non-farm tomorrow. We got ADP today, which the ADP is always a little weird. But, yeah, I mean, in terms of employment – It wasn’t a terrible report, but it wasn’t an awful report, or it wasn’t a great report. So it’s one of those kind of not too hot, not too cold, kind of perfect storm report in terms of why we’re seeing, as you mentioned, the 10-year down below 4.2%, which we haven’t seen since early April. And you’re seeing more and more chances of a Fed, a couple of Fed rate cuts.
SPEAKER 06 :
Yeah, I think this almost cinches it. Unless the non-farm payroll comes in very strong tomorrow, I think it’s almost guaranteed that we’ll get a 25-point cut.
SPEAKER 05 :
We’ve got a 97% chance right now for a cut in September.
SPEAKER 06 :
And I think Waller is really kind of campaigning for the job because he said, I see several rate cuts between now and the end of the year, which of course is music to Trump’s ears. and would probably place him at the top of the list of replacements. Jerome Powell is definitely not going to be rehired. His days are numbered. He’s a lame duck. Or a lame hawk, I guess you could say.
SPEAKER 05 :
Yeah, a lame hawk at the moment, right? Yes. But it’s interesting when you look at what the futures look like in terms of by the end of the year, about an 89% chance of at least two cuts. That’s good. So that’s what the market is essentially pricing in. You actually have a 42% chance of three cuts. I might be a little optimistic on those folks.
SPEAKER 06 :
Well, you know, I’ll see what the action is at Vegas at the Caesars Sportsbook on that. May put a few bucks down on that. Hey, speaking of sportsbooks, tonight’s the night, right? The NFL kicks off.
SPEAKER 05 :
The NFL kicks off, right. You’ve got the Cowboys and the Eagles. Yeah, the Cowboys.
SPEAKER 06 :
Yeah, Super Bowl champion Eagles. So a lot of these sports stocks like, you know, Flutter and DraftKings and and Caesars, etc., etc. There’s a lot of them now are on watch.
SPEAKER 05 :
It’s a saturated market for sure.
SPEAKER 06 :
Yes, and of course college football is well underway. Our Clemson was upset by LSU here. I did watch a little bit of that. And my wife and I were at the Del Mar racetrack on Saturday and Sunday. We went to a funeral at the track, of all places, to hold your funeral. But, hey, you know, that’s where he wanted his ashes scattered, you know, at the Del Mar racetrack. That’s pretty unique. So, anyways, and I was in the paddock, the saddling paddock, with our friend that is one of the trainers there. And the San Diego State basketball team was in the paddock with me. And so was Steve Fisher, the legendary coach. I got my picture taken with him. Really? And then, of course, his replacement, Coach Dutcher, was there. And I’ll tell you, the strangest sight I saw in San Diego all weekend was a 7’1″, center on the San Diego State Aztecs, standing next to a 4’6 jockey, getting ready to ride in the next race. He could have picked him up and put him on his shoulders. It would have looked a little silly. But I got my picture taken with the boys. I am an Aztec fan. That is my college team of choice. I root for those Aztecs every year in basketball. And I used to follow Don Correale in the early days. with Eric Coriel, which was invented on Montezuma Mesa in San Diego. I was a witness to it. One of the most exciting offenses that you’d ever want to see. And, of course, he took it to the San Diego Chargers. And the one photo, big picture, signed, giant photo, as of dawn, Coriel, my hero, standing next to Dan Fouts, calling a play there for the NFL Chargers. And it’s autographed by Coriel. And Dan Fouts hangs on my wall. And it reminds me to always be on offense, be creative, be inventive, don’t accept mediocrity, don’t hand off the football for two yards, you know, like you do with Johnson & Johnson and Proctor & Gamble and Colgate-Palmolive and on and on and on. Initial jobless claims rise slightly more than expected. I wouldn’t get too worried, 237,000. But the reason interest rates are down is the Fed is really keying on the jobs reports right now. They’ve said it. And let’s hope for a soft non-farm payrolls report tomorrow. We’ve got a big winner in the market today, which we’ll get to in a little bit. It was helping the NASDAQ. It’s still helping the NASDAQ some. We’ll be right back.
SPEAKER 01 :
I’ll be gone 500 miles when the day is done.
SPEAKER 06 :
And welcome back here to the second quarter of today’s Best Docs Now show. I wonder how much AI has to do with job cuts climbing 39% in August. boosting the year-to-date total we’re only uh you know early september here we’ve already hit the numbers of 2024 and we still have uh three months left to go four months left to go uh you know a lot of it i know has been ai because companies have actually said it you had uh Salesforce, which we’ll get to, they reported earnings last night. Salesforce said that they cut 4,000 live salespeople, Salesforce members, replacing them with AI agents. And I think tech, I think most of the job cuts seem to be coming from the tech world, where AI, you’re most susceptible, I suppose, to being replaced.
SPEAKER 05 :
Yeah, and coding now. I mean, you’ve got a lot more… You’ve got AI writing more code. You don’t need as many, you know, programmers there. And that’s one space that you’ve seen, certainly seen some cuts. And we’ve talked to clients that are, you know,
SPEAKER 06 :
teach in high school and you know talking about uh what uh you know what should they study and and you would have been computer programming a few years ago and now it’s certainly not that so no uh nuclear yeah in fact i was walking home from the uh padre game and uh there were some college kids uh walking home and we got into a conversation i asked them where they were going to college and what were they studying i said i got one word for you nuclear That’s where it’s at right now. And the other one is, of course, is AI. But I think that infrastructure for AI, because you don’t want to be replaced by AI. You want to be building in that infrastructure area that is building out the whole AI system. Salesforce reported. We’ll get to that. Hewlett Packard Enterprises reported. Tonight we’ve got one more big one, really, and that’s Broadcom. Broadcom is a pretty important player in the chip space, maybe number three behind NVIDIA and AMD. So we’ll see how well they do. Quantum stocks rise amid news of NVIDIA investment in Honeywells. I didn’t know that Honeywell was in two. I would never associate Honeywell. Let’s just see if Honeywell stock. But it is lifting the other. I continue to avoid myself the quantum stocks. I want to see the whites of their eyes first as far as earnings, revenues goes. Honeywell is up half a percent. They get an investment from NVIDIA. The other thing you’ve got to remember about NVIDIA is it’s kind of like buying SoftBank. because the money’s not being invested in a separate fund that’s not associated with NVIDIA. NVIDIA is investing their excess cash. I’m glad to see they’re not buying Dogecoin or Poodlecoin or whatever with their extra cash. Instead, they’re investing in a lot of the promising companies of tomorrow. But, of course, that quantum space, IonQ and Regetti and Arquette and quantum computing and D-Wave, those are your major players. I look at them every day. But, you know, I think it’s too far out.
SPEAKER 05 :
It’s almost like a biotech, right? It’s like, are they going to actually be able to pull it off and have a viable product that people will pay for?
SPEAKER 06 :
Yep, and speed is of the essence, and I guess to get that kind of warp speed, you’ve got to get up into the quantum computing world. Eric and Donald Trump. It’s good to be the president’s son. You know, Hunter Biden did okay financially while his daddy was the president and the vice president. And Eric and Don Jr. seem to be doing okay. They saw their stake in American Bitcoin Corp. It’s not in my app. It will be in my app. This is my first time I’ve seen this stock. Apparently, they took an older stock that was drifting around and retooled it. It’s ABTC. It makes a market debut at $1.5 billion following the company’s market debut. I think it’s a Bitcoin mining company backed by the Trump brothers, kind of like the Winklevoss company.
SPEAKER 05 :
Down 14% at the moment. It’s down $1.20 to $6.85. American Bitcoin Corp.
SPEAKER 06 :
Yes, and I will add it to the app. There’s always a lot of maintenance to be done. There’s always stocks that are leaving us, and there’s stocks that are coming in. Judge blocks Harvard funding cuts. I don’t know. I’m getting a little sick of these federal judges stepping in. Maybe that’s the checks and balances that the founders saw, but it seems like one judge or a panel of judges, look at what they’ve done. I mean, they’ve overruled almost everything that has been done.
SPEAKER 05 :
It seems like a handful of losses lately, or at least unfavorable rulings for the administration lately. Every time I turn around, we’ve got the tariff decision recently. We’ve got this decision. I’ve seen a number of other ones. It’ll be interesting to see.
SPEAKER 06 :
Well, a lot with the immigration, the deportations, sending in the troops to Washington, D.C., I think maybe there’s a little bit too much power in the hands of these federal judges. That’s the way I see it. Florida is going to eliminate all state vaccine mandates. They’re the first state to do that. So if you want to have a kid and not have to be forced. to shove those vaccines into their system, you can go to Florida. There will be no vaccine mandate at all down there.
SPEAKER 05 :
Isn’t that an interesting… I think it’s being someone from Florida, born and raised there. My mom was a teacher there for 40 years. It’s interesting how… You know, the whole vaccine talk you heard a lot in Southern California, right, for the last decade or two. And then what state actually implements it? Now it’s more of a conservative issue.
SPEAKER 06 :
It was a blue state issue, and now it’s a red state issue. NVIDIA’s AI chip still wanted by Chinese firms. despite Beijing’s pressure to not buy. And I saw something quoted here. I think it was Jensen Wang saying, you know, the competition is definitely starting to enter into the fray here. Of course, NVIDIA has had a major lead recently. Over everybody, maybe years. And I’m sure Jensen Wang plans to stay ahead of the competition. But the competition has undeniably started to arrive. Alibaba is coming up with the substitute for that H20 chip. And who knows, they may be nipping at their heels on their big chip. that they have. Okay, we’ll be right back. A lot of stocks reporting earnings here today. We’ll be right back.
SPEAKER 02 :
This is Bill Gunderson.
SPEAKER 06 :
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 GundersenCapital.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 02 :
And welcome back here to the second to half of today’s Best Stocks Now show.
SPEAKER 06 :
One of the charts that really stands out to me today is Amazon. And I don’t see any news, okay? there must be some somewhere sometimes you have to go into the chat rooms at yahoo finance to find news i i look on seeking alpha by the way my article on seeking alpha had quite a few page views about the valuation, the current valuation of the market, putting it into perspective and comparing it with the 2000, the 1999 slash 2000 valuation bubble in the dot-com stocks. We’re not there yet. But there are some pretty lofty valuations in the market. And I’m not saying that they can’t get loftier, but I did kind of mention what to look for now that we’re kind of shifted from valuation to momentum that the market is trading on, right?
SPEAKER 05 :
Yeah, it was trending. Actually, the article was trending for a little bit on their site yesterday, which is hard to do since you didn’t put the word dividend in the title.
SPEAKER 06 :
Yes, I didn’t put retire early on this 13% dividend yield. I try to avoid those. And I’ve kind of got another one in mind here that I’m working on on an individual stock. But there is something going on with Amazon today. It is up. 3.1%. I don’t see a lot of volume on the stock, but that’s a big day for a $2.5 trillion company to go up 3.1%. And we own Amazon. I bought it down in the value, relative value portfolio when its PE ratio dropped well below its average PE ratio over the years. So anyways, there is something up there with Amazon. I don’t know what it is. Now, here’s another good lesson on companies that make acquisitions. okay and uh… you know i’ve been on both sides of that equation uh… ice well i’ve seen both sides of that equation companies being acquired and companies acquiring other companies and uh… what you want is an accretive acquisition one and the way you’re going to get an accretive acquisition that adds to your ebitda or your earnings is number one buying a company that is profitable And hopefully then you can take that profitable company and you can get scale from it, right? You can eliminate certain departments. You can get rid of a lot of things where there may be duplicative software programs or whatever. And you can also cut expenses through those economies of scale. And one of the better ones I’m seeing right now, T-Mobile sees $400 million Q3 boost from their buy of U.S. Cellular. And they raised their Synergy target to $1.2 billion. So this buy, and I don’t think it’s being factored into the stock yet. I like T-Mobile, TMUS, because it’s been so well run over the years. John Ledger was an excellent CEO. I think Sievert, who runs it now, is an excellent CEO. But, you know, number one, it obviously increases your sales when you make an acquisition. If you buy a company with $400 million in sales, which I think U.S. Cellular had, all of a sudden those become your sales. so you get a big boost in sales and then as you look down the line you can start looking at your gross margins and usually a lot of the savings will come in the overhead the indirect expenses But T-Mobile is expecting a $100 million benefit in integration costs, including depreciation and amortization. Okay, that’s one thing that you get. But they say that they’re going to have $950 million savings in operating expenses and expected to… Within the original guidance range, but the EBITDA, they’ve raised now to a hike of $1.25 billion from their original estimate of $1 billion. So whoever made this acquisition and did all the math and all this kind of stuff is turning out to be even better. than they originally anticipated. T-Mobile is a fairly inexpensive stock, too. Of course, they’re in a competitive industry, competitive business, but it’s a $285 billion company, and their earnings growth has been very steady and very solid over the years. They’ve averaged 23% over the last five years. And the stock is currently trading at about 20 times, less than 20 times forward P.E. ratio. So I’m liking what I’m seeing there on T-Mobile, T-M-U-S. Brinker International, that seems to be the one. That one and Darden have been doing pretty well. They seem to be the two big survivors in the mass nationwide restaurant industry. Brinker, I saw a Maggiano’s in the Dallas airport yesterday, and I saw a couple of Chili’s in the Dallas airport. But Brinker is being upgraded today. They point to attractive valuation, menu enhancement at Chili’s. You know, that’s pretty good. I mean, this is not like a new story. Right. It’s been around for a long time. But, you know, over the last five years, the stock brinker, which has a great symbol of eat, E-A-T, has delivered 27% per year to investors versus 16% for the S&P 500. And over the last three years, it’s averaged 83%. per year for investors while the market’s 21. And they haven’t changed their logo lately like Cracker Barrel did. Just don’t change that hot pepper logo. It’s working. But anyways, if you were to buy a restaurant stock, EAT has a good chart. It has a very good track record. Now, we have a big winner in the market today, and it’s in our Ultra Growth Portfolio, which is doing very well this year. Thank you, the Ultra Growth Portfolio. And it’s done very well since inception back on January 1, 2019. This is one step below Amazon and Netflix and, you know, companies like that. One step below that, which is a pretty sweet spot, to be honest with you, because, you know, once you become an Amazon or a Netflix, your stock is going to be more, you know, trading at, what is the word, efficient. and you know when you become a dividend player it’s really efficient and it’s very hard to squeeze alpha if there’s a lot of efficiency and the mega caps you know by nature there’s a lot of efficiency because they trade big volumes they’re on everybody’s radar they’re owned by everybody just about and it takes a lot for an inefficiency to come up like google yesterday okay there was an inefficiency built into google But it was a risk whether or not they would get off easily in their antitrust trial. And they did. And all of a sudden investors found a 9% little value, pocket of value in Google that was probably hanging over the head of the stock just in case that ruling would have come down in a draconian way.
SPEAKER 05 :
Yeah, regulatory risk, right?
SPEAKER 06 :
But that ultra-growth portfolio, probably, if you’re looking for the most consistent inefficiency area, like who’s heard of Credo Tech Group? Well, we have, and we own Credo Tech Group, which has solution for bandwidth barriers, but the growth has been phenomenal in earnings. This quarter that they reported, it’s right up there with NVIDIA. Their sales were up 274%, and their earnings were up 999%. So it’s obviously a four-digit earnings growth. The investors’ business daily goes as high as 999. It’s 52 cents versus 4 cents.
SPEAKER 05 :
Yeah, and that emerging growth portfolio, it’s a perfect name for that, like you said, and growing into. You’ve got a lot that you’ve started there in emerging growth, and they’ve grown into ultra. Actually, it’s an emerging growth. That’s right.
SPEAKER 06 :
It’s even a step below the ultra growth portfolio.
SPEAKER 05 :
Yeah, but a lot of those you’ve had in emerging growth and then they’ve grown into ultra-growth names as the company’s gotten bigger over time.
SPEAKER 06 :
Well, with this move today up to $137 per share, Credo’s up 61% since we bought it on June the 20th. That wasn’t that long ago. But they’re forecasting triple-digit growth. So there’s one to look into. It’s now a $24 billion company. And, yes, now it’s eligible for that ultra-growth. The symbol is CRDO. Just a phenomenal earnings report today. We’ll be right back.
SPEAKER 02 :
You gotta go where you wanna go, do what you wanna do, and win whoever you wanna be.
SPEAKER 06 :
And welcome back to the final segment of the Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management, a nationwide fee-based only money management financial planning firm. And we have got a larger room. We’re still at the Marriott there in… in uh in santa clara and uh and i’m told that there are a few spots left we added an extra day thursday uh that would be the 19th september 19th i believe i think it’s eight that’ll be eight 18th 18th okay but it is 15th and then we got what tuesday’s the 16th
SPEAKER 05 :
17th, yes. The 18th would be that Thursday.
SPEAKER 06 :
And those days are totally booked, man. I’m not even going to have time for lunch. No. Yee. A little pack of peanut M&M’s maybe get me through the day. Get a smoothie.
SPEAKER 05 :
Get a smoothie. Maybe get some substance that way.
SPEAKER 06 :
Yeah, with ground-up peanut M&M’s. Thursday is also filling up very quickly. And, of course, the workshop is Tuesday night, Tuesday evening at 7 p.m. there at Santa Clara Marriott. Now back to this Credo story just for a minute. They delivered revenue of $223 million in Q1, representing a 31% sequential, that means versus the quarter prior to this, attributing this performance to demand for high-speed connectivity solutions in AI infrastructure. Those were all… Key words, key phrases there. Credo’s growth has been fueled by strategic partnerships with hyperscalers. There’s another key word. In fact, they have three of the major hyperscalers as a big part of their business, and those three companies are adding to a lot of the growth there at Credo, C-R-D-O. I found it through my app. What is up with this stock? The track record is phenomenal. The valuation still makes sense for a hyper-growth company like this. And the obvious spot to buy it was in the emerging growth portfolio, which would kind of be like, I look at it this way. The NFL is the large, if you want a football analogy, college football would be the ultra-growth portfolio. where we’re looking for those Heisman Trophy candidates. And this would be more your junior colleges maybe down in that realm, in that emerging growth. It’s having a good year. It’s having a really good year. And, I mean, it has done way better than the small cap index, which I think is the appropriate index to put it up against. It has run circles around the S&P 2000 and the S&P 600 since I started it.
SPEAKER 05 :
There’s a lot of zombie type companies in those small cap indexes. There’s a lot of stuff in there that you really don’t want to own.
SPEAKER 06 :
The good ones really stand out. You can get a lot of alpha in that area of the market if you’re really vigilant and looking for that stuff and finding them early. That’s the key. American Eagle, there’s a surprising stock. It has not been a good performer over the years. It’s a mall-based retailer. But I guess the best thing that they did was hiring Sydney Sweeney as one of their models. She’s an actress. She did the controversial commercial here recently. that some say paints American Eagle as white supremacist. She talked about how proud she was of her white skin and blue eyes, something along those lines. I didn’t see any ties to white supremacy there. You can make anything out of something that you want to, I suppose. But it brought them a lot of publicity. And their other collaboration is with Travis Kelsey. which they announced shortly after his engagement to Taylor Swift. So it helps to have some good influencers out there, obviously. And American Eagle is up 30% today. I’m guessing there was a lot of short interest. in american eagle they have fifteen hundred stores headquartered in pittsburgh pennsylvania we’ve got a plan uh… our maiden trip to pittsburgh and obviously to colorado we’ve still got a lot plan a trip, and down to Houston. And now we’re in Columbus, Ohio. So as soon as we get more than two listeners there, you know, we’re going to get a lot of listeners in Columbus. Ohio State’s off to a good start, by the way, you know, after beating Texas on Saturday. They’re going to maintain their number one ranking in college football. So, okay, hats off to American Eagle. And then you have sales.
SPEAKER 1 :
16.6%.
SPEAKER 05 :
Actually, 16.6% short interest there. Yeah. Big short squeeze, like you said.
SPEAKER 06 :
Ooh, and they’re feeling the pain today in those tight jeans that’s in these Sweeney models. You know, I would have never been short that stock because of that. all the publicity they got. Sometimes there’s no such thing as bad publicity. It’s all publicity and brings a lot of eyeballs to the name of American Eagle, A-E-O-S. I’ve been saying for some time Salesforce is not up to par as I you know it’s the representative one of the representative software stocks in the Dow along with Microsoft and Salesforce put up some terrible numbers and I’ve been saying for quite some time that their numbers are just not very good anymore that stock is down 6.4 percent today and that’s weighing on the Dow Jones Industrial Average quite heavily Salesforce is a $2.2 trillion. We’ve got a lot of $2 trillion companies, including Salesforce. But it’s slowing down quite a bit, and their guidance was not good. Weak guidance, in fact. He’s bound and determined to get rid of sales agents and replace them with AI agents. But the stock is down 6.6% today. All right, we’re all out of time. We’re going to have kind of final numbers for this quarter on sales and the earnings season. I went over that in my article in Seeking Alpha, how this earnings season went. And we’re starting to get the numbers and expectations. I mean, they’ve been out there for a while, but let’s see where we begin the new earnings season. Which isn’t that far off. Four weeks away, you’re going to start another earnings season, the final quarter of 2025. And we’ll have a preview of that in the newsletter. And, of course, an update on my 12-month target price for the S&P 500. and some of the buys and sells that we’ve made this past week. To get four-week trial to the newsletter, GundersonCapital.com. To set up an appointment with us, a money management appointment, 855-611-BEST, 855-611-BEST. Have a great day, everybody.
SPEAKER 04 :
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.
