Join us on the Best Stocks Now show as Bill Gunderson and Barry Kite examine the aftermath of DeepSeek’s disruptive entry into the AI landscape. We go beyond mere speculation, analyzing how this may shape future innovations and industry growth. With insights on global tech players’ responses, potential missteps of AI strategies by companies, and the intriguing race to capitalize on cheaper AI solutions, this episode captures a pivotal moment for investors seeking to navigate an ever-evolving market.
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 Gunderson Capital Management. Here is professional money manager Bill Gunderson.
SPEAKER 04 :
And welcome to the Best Stocks Now show on this Tuesday, January the 28th. This is Bill Gunderson, President of Gunderson Capital Management. And I’m here with Barry Kite, our Chartered Financial Analyst. And it looks like we have a new disruptor out there in the world with DeepSeek. We’ll get to that here in a bit. It did rattle a little bit. Rattle, shake, rattle and roll. A lot of stocks yesterday. But now we’re seeing the NASDAQ come back a little bit here. The NASDAQ is now up 123 points. That’s 64 basis points. So a little bit of a rebound. The Dow, on the other hand, is down 62 points. The S&P 500 is up 13 points right now. Small caps, well, they’re down now. They were off to a good start, but now they’ve given that up. Meanwhile, the 10-year was up three basis points. Yeah, that’s only up two basis points. 4.55, you saw a little buying of the bond market yesterday. A little bit of flight to safety. How badly did DeepSeek disrupt our AI industry? We’ll get to that in a bit. Crude oil. is at $73.66. Even it got hit yesterday, along with the natural gas stocks and especially the nuclear stocks, thinking that, wow, maybe we can do this AI without all of that firepower. Well, we’ll see. So welcome to today’s Best Docs Now show with professional money manager Bill Gunderson, President of Gunderson Capital Management. I’m here with Barry Kite, our Chartered Financial Analyst. And you know, when something comes along like that yesterday… There’s no defense for overnight occurrences, okay? You wake up and something big is happening in the world. I remember 9-11. I remember even the invasion of Israel. There’s just always things that can happen overnight, and there’s not a lot that you can do about it. But obviously, you have to gather as much information as you possibly can. You have to watch how the stock’s And then I listen for the experts weigh in. And, you know, so far on Deep Six or Deep, I want to call it Deep State or Deep Six, Deep Seek. Listen, we’ve heard Altman weigh in. He congratulated them, and basically he said, you know, good luck, fellas. This is going to be a race to the finish here, and don’t count us out. We’ve heard…
SPEAKER 03 :
He said he’s looking forward to the competition, I think. Yes, exactly.
SPEAKER 04 :
We’ve heard Trump weigh in. You know, my initial thought was, oh, Trump’s going to block this thing. No, Trump said, hey, this is what capitalism is all about. Somebody comes up with something better and that just heats up the competition. I would say that what we saw, just like I heard Mark Andreessen say, this is the Sputnik moment. When Russia unveiled Sputnik, we realized that they were ahead of us. And guess what? It’s a different way of getting there.
SPEAKER 03 :
I think it’s a different way of getting there. When I find their name, I’ll give them their credit. But I heard somebody describe it as… As essentially, you can train this model two ways, right? It’s like studying for a test. You can read front to back, right? Every word of all the pages, right? And pass the test that way. Or you can just take practice questions, right? Until you feel like you’re good enough and pass the test that way, essentially. If you could get two ways to do it, right, and some of the Chad GP, a lot of these models have been going the full curriculum mode, right, and these folks went the practice question mode and got to a similar place, right? And that’s essentially the deal.
SPEAKER 04 :
I mean, Altman obviously says that we’ll eventually come up with a much better product than they have. But in the meantime, I mean, this has changed the landscape. You know, yesterday, it was too soon to tell. You know, I mean, you kind of had to wait to see all of these people weigh in. And what did the Sputnik moment do? It gave us that enthusiasm and that’s what capitalism is all about, to catch up. And we did put a man on the moon.
SPEAKER 03 :
And do it better.
SPEAKER 04 :
But there is a lot at stake here. You know, I remember when Altman said, if China beats us, they’ll destroy us. So, you know, he’s in it to win it. And, you know, there’s been a lot of money invested in it. And if there’s a new, improved, and cheaper way… I think the loser right now, it would seem to me, would be Nvidia. Would be kind of a loser in all of this because you may be able to do it without all of those Nvidia chips. But I think the next few weeks, watching the charts, I think you’re going to see new winners emerge. And I think you’re going to really find out the companies that have been hurt by this. And obviously, you can’t be afraid to move on when there’s a shakeup in technology. And I’ll be very interested to watch these charts. I mean, are we going to need this big boost of nuclear energy? I think so. I think with or without AI, we’re already on a course of using up, you know, needing more energy. You know, you’ve had blackouts in Texas.
SPEAKER 03 :
Autonomous cars.
SPEAKER 04 :
You’ve got the autonomous cars, the electric cars. I just think that we’re in a world that’s gulping a lot of energy. And, you know, nuclear has been given the green light and now has a renewable label on it. I still think that that’s very viable. But we’re going to see, looking at the charts, you know, yesterday I first had a lot of skepticism. And so did you because of some of the things we’ve seen come out of China. That turned out to be kind of fraudulent, but this seems to be a real deal. And I was wrong with my initial assessment, even though the probabilities of it being some kind of a hoax were pretty high because of the… the track record of China, but they seemingly have… I kind of think they probably piggybacked on a lot of work that’s already been done and used that in their model, right?
SPEAKER 03 :
Yeah, via open source, right? So essentially they used, I think it’s the LAMA model, essentially it’s an open source AI model, and they used that data there and then built on top of it, right? And so there’s some… The long-term version of being able to continue to replicate whatever method that they did, some of those shortcuts are one-time shortcuts to a certain extent. I think the key is, good news is, we’re going to get Microsoft here this week. We’re going to get some… Tomorrow. Just watch CapEx spending. 2025, those budgets are done. These people, they’re buying these NVIDIA chips. The question is, what do they see CapEx spending in 2026, 2027? Like you always say, the market’s forward-looking, and that’s really where… How long will this advantage or the need for some of these NVIDIA chips, how far will it go into the future in terms of how longer duration is it or how visible are those earnings going forward?
SPEAKER 04 :
Yeah, well, you know what? We’re going to get a lot of visibility. We’re going to get a lot. It’ll be interesting to see on OpenAI’s next round of funding. They’re not public yet to see if their stock took a hit, even though it’s a private company. NVIDIA was down 17% yesterday. Taiwan Semiconductor was down 13.3%. Broadcom was down 17.4%. ASM down 5.8%. Micron was down 11.7%. Worst day for the semiconductors that I can remember in a long, long time.
SPEAKER 03 :
I saw something, I think it was at least since 2020, and then a trillion dollars of global equity markets were trimmed off.
SPEAKER 04 :
Well, I’m going to go back to the year 2000 when I saw the NASDAQ go down 80%. I mean, the day yesterday, I haven’t seen a day like yesterday. that I can remember since the year 2000 when we started seeing those big hits. But this one’s going to come back a lot quicker. That one took several years, and it was an 80% hit.
SPEAKER 03 :
And don’t forget, there were no earnings back then.
SPEAKER 04 :
Yeah, this is about a 10% hit yesterday, which is a kick in the gut. More than 20 ETFs dropped over 10% on Monday as Deep Six shakes Wall Street. And I would say that the average growth fund portfolio down maybe 6%, 7% yesterday. That’s a big one day. This day will be talked about for a long time as one of the worst days in tech. But I think it’s going to come back rather quickly. I don’t think anybody’s going to go out of business on all of this. But I do think there’s going to be a repricing. And, you know, this has all got to be reckoned, reckoning. There’s going to be a reckoning. And that reckoning is going to show up in the charts. Okay, when we come back, there’s still a lot more that we’ve got to talk about, about this deep six, deep state, deep seek that happened yesterday. We’ll be right back. And welcome back here to the second quarter of today’s Best Docs Now show. Well, Bill, what do you do on a day like yesterday? I didn’t do any selling yesterday. You know, you’ve got to have more information, all right? Now I have enough information to where I can… where I feel like I can make some good decisions, number one. Number two, I did pick up one stock yesterday. I’ve been wanting to get into GE Vernova, and it was down considerably yesterday, and I did put that into our dividend and growth portfolio. It is a dividend payer. I see, too, that since the market opened, we’re getting a pretty good jolt in the arm here today all of a sudden. I’m seeing a big move in CrowdStrike, which has little to do other than this deep seek seems to have some vulnerabilities and needs a little bit of protection around it because it was hacked yesterday. And the obvious winners in this are the users of AI, right? Okay, if I’m a company and I want to do some AI stuff for my company, it’s rather expensive. It’s a big spend. to go into a well guess what it just got cheaper it’s been more commoditized there’s competition out there that’s what markets are all about so I see a Shopify for instance Shopify is up 6.8% today we own Shopify it’s a beneficiary of this I would say that Amazon is a big beneficiary of this they don’t have to spend as much money On the expensive AI models that are out there right now, the price is going to come down. I would say that Salesforce is a beneficiary of this. I would say that ServiceNow is a beneficiary of this, that Palantir is a beneficiary of this. I still am a believer in the nuclear, although I don’t think there’s as much of a time. We’ve got to get it done now. We’ve got to get it done now. We need more power now. It seems like these data centers, this is going to give us more time, a little breathing space. You know, it was just a week ago, how things have changed in one week, that Trump had those three guys up there, including the guy from OpenAI.
SPEAKER 03 :
Yeah, Altman, and we had Larry Ellison, right?
SPEAKER 04 :
And what did that do to the nuclear stocks between Monday and Friday? Those things flew. And they did get ahead of themselves. There’s no question about that. You’ve had one of the biggest firms out there saying that Constellation Energy is their pick of the year if you had to own one stock. And then all of a sudden this came along yesterday and saying, hey, well, you know what? Maybe we don’t need as much energy as fast as we were going. This gives us some space, some breathing room. And like I say, I think we’re going to see this all play out here over the next several days. But I think there’s some big beneficiaries of this. So yesterday, obviously, the power energy stocks, that was a bad place to be yesterday. Constellation was down 23.5. These are always overreactions. Vistar was down 23%. Talon was down 22%. GE Vernova, I think, was down about 24%. The smaller nuclear stocks, which I think they have plenty of life left in them, a lot further to go. NuScale was down 24%. Oklo was down 22.7%. But they’ve had many days like this. uh before along the way these are very volatile stocks and then it even cut into the fossil fuel stocks where you saw antero down 9.4 com stock down 8.2 range resources down 7.2 i think a big big big overreaction on all of a sudden we can do this cheaper and with less energy nvidia lost 600 billion that’s an all-time record a one-day loss in market cap for a stock. I got to believe Apple has now taken the lead back over Nvidia. And you know, Nvidia is not really rebounding here that much right now. Nvidia is basically, the last time I looked, it was a little bit down on the day. For me, they’re kind of the big loser at the end of the day. NVIDIA is up 2.3%. They still have huge growth, though, right?
SPEAKER 03 :
They’re the ones that are going to have to crawl the narrative back, right? I mean, the narrative has been in such their favor for over 18 months. I’m going on two years here in March. And so that narrative has kind of been turned around a bit, I think, For their benefit, I think we’re going to get these large tech names who have been spending and buying tons and tons of these NVIDIA chips. We’ll get their take. I think why we’re seeing a pause today instead of an immediate bounce back like we’re seeing in some of those other names is I think we’re going to get some more information here in the next, probably within the next 48 hours.
SPEAKER 04 :
Yeah, we’re going to be hearing from America’s AI companies, and we’re going to get Microsoft will be a big report tomorrow.
SPEAKER 03 :
Because it’s still an arms race, right? I mean, Microsoft, Google, right? Meta. Yeah, I mean, you’ve got even Amazon to a certain extent. I mean, there’s an arm race in AI regardless of, oh, hey, we can do it cheaper. It’s like, well, okay, you guys go ahead and do it cheaper. We’re still going to have to do the best of the best and get there faster.
SPEAKER 04 :
It’s going to open up AI to a lot more players out there, too. It will. Okay, now, from the exciting to the mundane, home prices heat up in November, topping consensus.
SPEAKER 03 :
You know, it almost, the housing industry has kind of… Last year was one of the worst housing, I was reading some thing on housing, last year was one of the worst years for housing. home sales in a long time.
SPEAKER 04 :
It’s that 7% 30-year mortgage. It’s just absolutely killing it. And I’m sure that’s one of the reasons why Trump would like to see lower interest rates to get the housing market going again. But that just takes a lot of people. They can’t afford. Not only are home prices high, the loan is high. So it’s 4.3% year over year. We’re not running at 8%, 10% anymore. 4.3 and rents are coming down don’t forget okay so here’s some of the experts nvidia says deep seek is an excellent ai advancement and still requires significant number of gpus so i did see how many chips they estimated that Deep Six had. It was a lot.
SPEAKER 03 :
I mean, they still have… They had the older… They had the ones that you could still get at a certain time in China.
SPEAKER 01 :
As far as we know.
SPEAKER 03 :
Yeah, and I don’t know if those controls… So they may have got a… a bunch of those chips in before they started doing some of these restrictions or had some that once NVIDIA kind of redeveloped some of their chips to kind of meet those standards so they could actually go into China. So that’s, to me, where the veil kind of is in terms of, okay, they did do this, right, doing it this way. But, you know, did they just use only these chips? My guess is they have access to something. I mean, you don’t want to advertise that, by the way.
SPEAKER 04 :
But anyways, I mean, that’s a vote of confidence for Deep Seek from Jensen Wang, who must have known what was going on there because he’s the one selling the chips. They’re gobbling up these chips in this little province in China. Yeah. and he must have known a lot about what was going on. You said there was a book written about this guy, Barry. So, hey, when we come back, from the mouth of other witnesses on this whole… 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 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. Call out the instigator Because there’s something in the air
SPEAKER 06 :
We got to get together sooner or later.
SPEAKER 04 :
And welcome back here to the second half of today’s Best Docs Now show after the big deep-seek drubbing, we’ll call it, the deep-seek drubbing. And a, you know, just a reset. It’s a reset on AI. That’s what disruptors are all about. That’s what the market is all about. That’s what capitalism is all about. Although I don’t know that… The CCP’s got any capitalism in the game. I’m sure they’re pushing this company and behind it pretty good. But that’s definitely a disruptor. And we’re going through an adjustment now in the market, a reset. and we’ll see where the chips fall. In the meantime, there’s a little bit of a rebound going on in the market here today. Okay, now another one to weigh in who probably, outside of Jensen Wang, who said that he congratulated on them and said it’s an excellent AI advancement, but still requiring a significant number of chips, You’ve got Sam Altman himself weighing in, who is open AI. Now, they used to be open architecture. But from my understanding, they’re not anymore. They’re closed architecture. And the thinking is that open is a big advantage over Altman’s closed architecture. Open AI CEO Sam Altman said the AI startup will release better models than those of China’s DeepSeek, whose powerful low-cost AI model triggered a tech sell-off in the U.S., and called into the question Silicon Valley’s lead in the global AI race. Altman said it’s an impressive model that they came up with, particular around what they are able to deliver for the price. He posted on social media, X, platform X. We will obviously deliver much better models. And also, it’s legit invigorating to have a new competitor. We will pull up some releases. Okay, so it motivates them. They want to get to the moon faster than the Chinese now. And venture capitalist Mark Andreessen said the R1, and remember that, you’re going to hear a lot about R1, that is their release, is AI’s Sputnik moment, comparing its development to the 1957 satellite launch that triggered the space race between the U.S. and the Soviet Union, which obviously we won. Okay, now we’re in a race… An AI race with China. Okay, Satna Nadella, CEO of Microsoft. That’s another pretty good vote of confidence. Of course, they back OpenAI. That’s Altman’s company. He called DeepSeek’s new model super impressive. So it’s pretty hard to sit back. I do see a lot of people on X, and I’ve received emails saying it’s a fraud, it’s a fake, you can’t trust China and all. But look, in the mouth of NVIDIA, Jensen Wang, from the mouth of Sam Altman, from Microsoft CEO, from Trump himself. saying, hey, you know, it’s a big advancement. And, you know, I wasn’t expecting that. I was expecting, oh, well, we’ll keep China out of this. No, he absolutely went the other way. And then, okay, now let’s make a case for the American AI companies. The former Intel CEO, who knows a thing or two about chips, Pat Gelsinger, he blasted the market for the overreaction to DeepSeek yesterday, meaning that, you know, we still have some major players in all of this. He called out the market for reacting to the news of China’s DeepSeek artificial intelligence model. AI stocks collapsed across the board on Monday as DeepSeek’s chatbot rose to the top of the most downloaded app on Apple’s App Store. I did look in the App Store last night. It was number one. I did not download it on my phone. However, Gelsinger pointed out that if DeepSeek proves that large language models can be created with less computing power, it stands to reason that AI will grow even more. Wisdom is learning the lessons we thought we already knew, Kelsiger said in a post. And he says, DeepSeek reminds us of three important learnings from the computing industry. One, computing obeys the gas law. Making it dramatically cheaper will expand the market for it. That’s the same way gasoline works. The markets are getting it wrong. This will make AI much more broadly deployed. Number two, engineering is about constraints. The Chinese engineers had limited resources and they had to find creative solutions, which they did. And he says that open wins. That’s the one that I remember now saying that the open architecture is the winner. DeepSeek will help reset the increasingly closed world of foundational AI model work. Thank you, DeepSeek team, is what Gelsinger says. Yeah, you know, look, I mean, Sam Altman is trying to keep it closed. You know, obviously, you can charge a lot more if you have something that’s proprietary. But now it’s kind of been commoditized and made open. NVIDIA down 17% after yesterday’s trading. and only coming back a little bit here today. Okay, who was it yesterday that said, was it Europe regulates was number three? Yes.
SPEAKER 03 :
China copies. China, yes, so it’s U.S. innovates, China replicates, and then, of course, Europe regulates. Well, that’s what they’re doing.
SPEAKER 04 :
Google is sitting back. Google is appealing a record $4.5 billion EU fine. So, yeah, the EU uses them as an ATM machine because they know they’ve got a lot of money, and they’ll just write a check to not have to go through all the hassle of everything. And Google says that they’re being punished for innovation. But that was a record $4.5 billion being handed down by the EU after EU scrutiny over its ad technology business. Okay, Alibaba. It did its job too well, apparently. Yes. This may give new life to Chinese stocks. I mean, it looks like this is legit. All signs point to this being legit. So now we’ve got to start looking at PDD and Alibaba again. Alibaba’s Quen launches new and more powerful AI models. I would think a lot of these Chinese companies are going to bootstrap off of what DeepSeek did and use it to their own advantage. So we’ll keep an eye out. It’s like I say, the charts… over the next several weeks are going to say a lot. Is Baidu back in this? Is Alibaba back in this? Is PDD back in this? We’ll just have to wait and see. Trump says Microsoft among the contenders for TikTok. So, so far we’ve heard Oracle’s interested in TikTok. The guy from Canada who is on Shark Tank, he’s interested. I’m sure Elon Musk has already said that he’s interested in TikTok. But whatever happens, it sounds like the U.S. wants half of TikTok. So I wouldn’t count TikTok out yet. It’s just a matter of who’s going to end up. I think that would be a big win for whoever ends up with TikTok because of the massive following that it has. CDC employees told not to work with the World Health Organization. That’s a big change. Like I say, we’re going through a seismic shift. And it’s going to be interesting. RFK Jr. is up. Tomorrow, right? Is it today or tomorrow? And there’s already a big senator saying no. The senator out of Tennessee who’s a doctor saying that RFK has got it wrong on the vaccinations. And you get two or three more senators and he’s sunk, right? And usually you get Murkowski and the other one up there with Collins.
SPEAKER 03 :
We got Besant.
SPEAKER 04 :
Yeah, we got Besson. How many times have you driven? We have a neighborhood in Charleston. It’s called The Battery because that’s where they fired the first shots of the Civil War from that battery. There’s a cannon there with cannonballs, right, to memorialize it. And that’s like the most expensive real estate in all of Charleston. There’s a giant pink mansion that I’ve seen driven by many, many times right on the water. And that’s apparently where Besson, that’s Besson’s house. And he is now the treasurer. Maybe I’ll go knock on his door and say, hey, you know, we need lower interest rates or something here. But anyways, Bestin has been approved. And RFK and Tulsi Gabbard. I think RFK, you know, it’s all it takes is four senators and it’s over. Even Vance can’t break the tie. Okay, when we come back, let’s look at what’s moving today. I think that’ll be an interesting little study.
SPEAKER 06 :
Go where you want to go, do what you want to do with it.
SPEAKER 04 :
And welcome back here to the final segment of today’s Best Stocks Now show. You know, on a day like yesterday, Barry, one could say, gee, I wish I owned just Johnson & Johnson and Procter & Gamble and all the stocks we rag on all the time. Go ahead. I mean, that’s the tradeoff. That’s why I think Wall Street owns a lot of those stocks because… They don’t go very far, one way or another, right? The trade-off is you own low-growth companies that aren’t going to give you much return over the years. And obviously, there’s a little bit of downside owning the higher-growth companies. They’re going to have days like we had yesterday. But to say, well, it’s better to own these big defensive stocks, well, you want to be defensive? I was listening to yesterday was some kind of anniversary of the NASDAQ. I want to say 40 years. You know that the average return on the NASDAQ average is 14.2% since they started the NASDAQ composite? That’s pretty incredible. And, you know, you don’t find Johnson & Johnson and Kimberly-Clark and Procter & Gamble in the NASDAQ. And that’s why the Dow has way underperformed. But on a day like yesterday, I can understand someone saying, I just want to be in those big safe stocks because it was a pretty big shakeup yesterday. All right, today it will be very interesting. I’m already seeing Amazon is breaking out to a new all-time high. It just looks fantastic right now because it’s a beneficiary. of what happened yesterday. All right, now let’s look at the Dow today. I’m seeing the same pattern here. Who are beneficiaries of cheaper AI? Well, obviously, Salesforce. Obviously, Salesforce, it’s up 5.1% today. We own Salesforce in our dividend and growth portfolio. Salesforce pays a dividend. Apple is also a beneficiary, I would say, of cheaper AI. Apple’s up 3.8% today. Boeing is up 5.9% in the Dow today because they had a pretty good earnings report, and they seem to be back on track. And if you didn’t hear, President Trump is announcing that he wants the same kind of iron dome technology that Israel has. One stock comes to mind when I hear that, and that’s Raytheon, RTX. When you saw all of those missiles coming in and trying to jam and overload the system in Israel, And only a few making it through the Iron Dome. Those are Patriot missiles that are shooting those things down made by Raytheon. And Raytheon stock is having a very good day. Today it’s up 3.6%. On the downside, is GM fixable? I don’t think so, unless there’s some kind of government intervention. Norway, I see, is crowing today about how fast they’re moving. They’re almost there, 100% electric. And, of course, that’s the track that GM has wanted to take and is on that path. But GM is down, I think, 9.6% today. Let me look that up. It’s the biggest loser in the S&P 500. Poorly, down 10% today. There’s a once great company, American Auto Manufacturers, down 10% in one day, getting its lunch eaten there. Xerox is down 9.9. Lockheed didn’t have a very good report, down 6.7. Hewlett Packard Enterprise is down 5.4. Those are the losers in the S&P 500. The winners in the S&P 500 today are the, you know, how about them cruise lines? Okay, so two weekends ago, I was on a Disney cruise with, let’s see, how many grandkids? Six of our grandkids on a Disney cruise to the Bahamas. That’s a great cruise. I highly recommend that, leaving out of Port Canaveral. I saw today that Lunar, L-U-N-R, which is an interesting company, They built a lunar module that’s going to roam around the moon. It was delivered from Texas to Port Canaveral and it’s ready to be launched into space here in the coming days on a SpaceX rocket. That’s really quite the theater to watch those rockets. SpaceX is right there.
SPEAKER 03 :
Is that the same company that sent – I think they sent a probe to the – I want to say they sent a probe last year. Yes, Lunar, L-U-N-R. I remember it tipped over after a little while or something, I think. But overall, I think it was a successful mission for them. And then I guess they’re shooting another one up there.
SPEAKER 04 :
Yes, Intuitive Machines is the name of the company.
SPEAKER 03 :
That’s it, yeah.
SPEAKER 04 :
And it’s headquartered in Houston, Texas, where our show is heard. We have a good audience there in Houston. I get people writing to me from Houston a lot. Usually they’re asking about oil and gas stocks. But Houston also has a big space, obviously. Houston, we have a problem. exposure down there on that Gulf of America coast, as it’s being called now. All right, now, other winners in the S&P 500 today would include, well, like I say, the cruise ships. Man, I’m telling you what, that is a busy, busy area. When we got to the Bahamas, there were four cruise ships there that day. Wow, in Nassau? That’s a small little town, too. Nassau is not a big city. All the free rum cake you want, you know, samples. And I saw Royal Caribbean there. I saw Carnival, and there was one other one that was there on that day. And then, of course, Disney was there. And then Disney has their own little private island, which is way down south and east. It’s like, I didn’t realize the Bahamas were that big. But it’s like 900 miles to go from Nassau to Disney’s new private island. And then it’s like a two-day trip to get back to Port Canaveral, so… A lot of fun was had by all the cruise ships are doing really well today. Royal Caribbean’s up 12% after earnings. Carnival is up 7%. Norwegian’s up 6% today. And then you’ve got some more Palantir’s having a good day. That’s Gundersen’s high conviction stock when I was interviewed over there at the NASDAQ. Palantir’s up 3.9%. Raytheon’s up 3.9%. And Etsy, which would be a beneficiary, I suppose. is up 4.1%. Those are your winners in the S&P 500. And over at the NASDAQ, we’re out of time. I’m going to hear the music here any moment. Well, you know, I kept you on top. I need to talk about it. I got you through a big trial in the market, hopefully yesterday, a gut punch. You’re learning. I’m trying to give lessons, learning. How do you deal with a day like this? What should we look for going forward? A lot is going to be said in these charts. And I’m commenting on charts all day long. Get a four-week trial. Learn a little bit about how the markets work. They’re not that complicated. Really, go to GundersenCapital.com. There’s a lot of logic in it all. GundersenCapital.com for a four-week trial. Set up an appointment with us to have us manage your money. 855-611-BEST. 855-611-BEST. Have a great day, everybody.
SPEAKER 01 :
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.
