Join professional money manager Bill Gundersen as he navigates the complexities of today’s volatile market. With futures predicting a downside, discover what market leaders like NVIDIA and Palantir reveal about the state of the market, and learn how to interpret market movements beneath the indexes. Explore the significance of CEO speeches and their impacts on stocks, as well as insights into emerging trends in AI and robotics. Whether you’re a seasoned trader or new to the market, this episode provides critical insights into making informed investment decisions.
00:37:34 Discussion on Market Trends and Opportunities
SPEAKER 04 :
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 05 :
And welcome to the Tuesday. It is the Tuesday, January 7th edition of the Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management. I’m here with Barry Kider, chartered financial analyst. And I did send out a message this morning saying, you know, the futures were up, the market opened up. But I said, I see another volatile day brewing, mostly to the downside. That was a pretty good prediction because it has moved to the downside now. The NASDAQ is down 121 right now. Kind of a sell-off in the leading stocks in the market, momentum stocks here today so far. The Dow is up, however, a little bit. It’s up nine points. The Dow’s at 42,715. The Nasdaq’s at 19,747. We’ve got a lot of NVIDIA news today. The S&P is down 16. That’s a quarter of a percent. The small caps are hanging on to their gains. They’re up seven-eighths of a percent, 83 basis points so far. The 10-year was up a couple of basis points to 4.64%. This morning, and we also have Bitcoin moving higher today. Well, it’s up a little bit. Bitcoin is above $100,000, hanging on to that level for now. No, now it’s down below $99,347. So you’ve got a little bit of risk off coming into the market right now. All over the place. Yep. So welcome to today’s Best Stocks Now show. with professional money manager bill gunderson and uh… i can just say that uh… when i look at that open up the market it’s not so much what the indexes are saying uh… it’s what the individual stocks are saying underneath the indexes and i saw market leaders like palantir Arista Networks, Vistra, Alab, which is Astera Labs. I saw Constellation Energy, Applovin on the downside. And those are kind of the high flyers right now in the market. And when you see the indexes up in the morning, but those leading stocks not participating, you have to if you’re a day trader which i’m not uh… it was a pretty easy to predict that the market was going to move to the downside without those leaders participating could have made some quick money there in uh… maybe uh… the nasdaq uh… inverse three x or something like that but it did look like a week open uh… for the market and uh… right now that is holding true now I’d like to begin where we left off yesterday. 24 hours have passed. A lot has happened. We did have a pretty good day in the market yesterday. The NASDAQ was up 243 points yesterday. NVIDIA made a lot of noise yesterday, moving right up to its all-time high before it stalled out. And then we do have the talk that Jensen Wang gave, the keynote speech. He’s kind of the keynote guy in the market these days, really.
SPEAKER 06 :
I mean, he’s the most important CEO in the market at this, you know, at least it looks like for 2025. You know, Elon got, you know, Jensen got a lot of the, you know, Star power early in 2024. And, of course, Elon, with the election, got a good bit in the second half of 2024. And I think we’re back to Jensen for the first part.
SPEAKER 05 :
Tim Cook, I mean, Apple has really faded. Even though those two companies, NVIDIA and Apple, are moving towards $4 trillion, the race is on. Tim Cook has definitely taken a backseat. I think NVIDIA is going to blow right by Apple. Apple had a pretty large head start. Yes, a large head start. So Jensen Wang is definitely the guy out there right now in the market because that – Those high-speed chips, you know, relate to so many different industries. And now everybody wants to be named in the same breath as NVIDIA, riding NVIDIA’s coattails. We should create a sector, NVIDIA’s coattails. One of our stocks joined NVIDIA’s coattails today. It was up 50% this morning. I’m sure it’s given up some of those gains right now. We’ll get to that stock here in a bit. Markets remain volatile. The comments that stood out to me, I said amen to this after I read this one here. The Fed’s Lisa Cook. She’s a smart cookie. I think she’s out in the Bay Area. I agree with this. She says markets are at risk of large declines as valuations are elevated. Okay, I mean, emphasize the word risk. It doesn’t mean they’re going to go down. But I think that’s what’s creating the volatility in the market, no question about it. Because you’re kind of on pins and needles when you’re walking this high valuation tightrope and you wobble one way or another, you know, with a few moves in interest rates or some bad news here or some bad news there, a downgrade here or a downgrade there. That’s going to make the markets more volatile in 2025.
SPEAKER 06 :
Yeah, it creates an asymmetrical payoff to the downside because the good news has to stay good or be really good to get higher. And then even coming in at expectations, as we’ve seen for earnings really the last year or so, A year and a half, if you don’t overshoot that expectation by a good bit, you’re going to be punished, given where valuations are.
SPEAKER 05 :
Yes, and you know her speech? They’re comparing it to Greenspan’s speech back in 1996. The exuberance? Is that the exuberance speech? Yes. But remember that he gave that irrational exuberance speech in 1996, and the market didn’t peak until March of 2000. So he was off by four years. And now you’ve got Lisa Cook giving kind of a similar speech. She says the markets may be at risk of a significant correction given the current stretch valuations. I would also say that it seems like speed, market cycles have speeded up since Greenspan back in 1996. Maybe her prediction here will come truer a lot quicker. Even Alan Greenspan moves slowly, right? But we move a little quicker these days. News moves a little quicker. She says valuations are elevated in a number of asset classes, including equity. and corporate debt markets, where estimated risk premia are near the bottom of their historical distributions, suggesting that markets may be priced to perfection. Yeah, I agree, and therefore susceptible to large declines, which could result from bad economic news or a change in investor sentiment, she warned in a speech on Monday. Cook’s statement is reminiscent of former Fed Chair Greenspan’s warning in 1996. Okay, now, you know, look, I began the year with my first article of the year was looking at the two-year anniversary of the NASDAQ, our NASDAQ call January 6th. and what the valuation was when we went all in on the NASDAQ. The PE, forward PE, was 20. And now we’re up around 36, 35 on the NASDAQ. So I think I beat Lisa Cook to this point a little quicker than her about valuations, but she’s agreeing with my assessment that it’s numbers. Valuations are very high right now. And that brings to mind the need, you know, there’s a lot more tools in our toolbox today. I’m very happy to have learned about granite shares. where, look, if somebody had a big position in Amazon and said, I don’t want to sell my Amazon, I would take a big capital gain, well, you can buy an ETF that is inverse Amazon. I’m just giving some examples here of strategies that are out there shorting the most high-flying stocks, the Coinbases of the world, the NVIDIAs of the world, etc., are also strategies. And then of course you have the inverse funds now which have become even specific towards inverse the high beta stocks. I mentioned Hibs, the HIBS. You can go inverse the Magnificent Seven. Maybe you own the Magnificent Seven, don’t want to sell your Magnificent Seven. You could freeze them by buying an equal amount of the inverse Magnificent Seven, whatever your position is in those Magnificent Seven, and freeze their valuations until things look a little better. So anyways, I’m bringing that up because I think it’s going to come into play this year. We already have a few inverse funds in place. As hedges against, how do you hedge a high valuation market? With some inverse funds against high valuation stocks. It’s as simple as that. We’ll get to Jensen Wang’s announcement and some of the stocks riding his coattails. And how is NVIDIA doing? Is it breaking through that resistance level after his announcements last night? That’s what we’ll talk about when we come back. And welcome back here to the second half, second quarter of today’s Best Stocks Now show. And, of course, the market has taken a move towards the downside. I think the valuation speech actually was yesterday. But, you know, maybe Jensen Wang wasn’t wangy enough, wasn’t, you know, just didn’t really. But it doesn’t seem like it’s really sending the market down. what he announced. Yeah, he was last night.
SPEAKER 06 :
I mean, this morning, it’s weird. You’re talking about the VIX and volatility lately. I mean, NVIDIA was up, I don’t know, 2.5% this morning when I woke up. All they were talking about was NVIDIA is going to do some work with autonomous vehicles. They’re going to make a new PC, this, that, and the other. And the news was good. And then I think in the background, I was doing some work this morning. There was about Three bears came on, I think Bloomberg back to back to back. And so ever since then, the sentiment’s been a little, it’s been the other way. So it’s one of the, I mean, you’ve nailed it since the beginning of the year. It’s the VIX and volatility.
SPEAKER 05 :
Yes, NVIDIA hit its resistance level at 152, 153, which is an all-time high and has now backed off. It’s down about 8 points off of there now. It’s down 3% right now is NVIDIA. And I really think what the underlying problem is is the valuation. Now, maybe a person could make some money in the VIX this year, VXX. Nah, you know what? It doesn’t look that great.
SPEAKER 06 :
It’s always hard because, I mean, naturally that ETF, right, goes back to an equilibrium level, right, for the VIX. And so if you add the VIX to your portfolio, right, to help against volatility, well, it’s not a buy and hold. It’s one of those you get in it, it goes up, right, it gets elevated, then you’ve got to get rid of it because, you know, It’s going to go back to equilibrium.
SPEAKER 05 :
That’s what happens. During his keynote, he announced several robotics and autonomous initiatives, including NVIDIA Cosmos, the world’s first physical AI model that can be used to boost robotics. So you’ve got Wedbush saying that these announcements will further its enormous lead in technology, which I agree with. And I do think eventually NVIDIA will break through 152 and hit new all-time highs. I don’t know when. It’s been going sideways here for quite some time. So anyways, it was kind of a major flex the muscles moment for NVIDIA. And I have watched, I’m going to talk about the robotic stocks here in a minute. There’s several of those individual stocks, many that maybe you’ve never heard of. that are in that robotics space. Other announcements included the GeoForce RTX 50 series GPUs, a new family of NVIDIA Nematron models based on meta-plotforms, Llama models. Okay. and a partnership with Toyota to work on Japanese auto manufacturers’ newest autonomous vehicles. So anyways, you’ve got Wedbush saying that they walked out of last night’s event feeling more bullish about NVIDIA and the overall AI revolution as the next stage of investments in technology around AI are on the horizon. And that can facilitate new change for the technology world over the coming years. Okay, the first stock caught up in this is one we own in our incubator account. And that’s where it belongs. It belongs in the incubator account. There was a time when Uber was going to develop their own self-driving cars, along with Waymo, which is Google, and along with, who’s the other one? Well, Amazon has a self-driving car, and there’s a few others. Well, of course, Tesla. But I think Aurora Innovation bought that. the building of the actual hardware, the car itself from Uber, and now it’s Aurora Innovation. It’s a $14 billion company headquartered out of Pittsburgh, where our show is heard every day. So I would say good morning, Pittsburgh. I’ll bet it’s a little chilly there in Pittsburgh today. It’s 32 here. in Charleston, South Carolina. But we’re happy to be in Pittsburgh. That’s a new station for us, one of the big news talkers up there. Aurora Innovations is a $14 billion company. It has no sales. In other words, it has not sold an autonomous vehicle yet. But Aurora soared. It was up 50% in the pre-market in trading. after announcing a long-term strategic partnership with Continental, which is on the pink sheets, and NVIDIA to deploy driverless trucks. at scale the collaboration will leverage nvidia’s next generation drive thor system on a chip and drive os which will be integrated into the aurora driver on sa level four level four is i think completely autonomous driving systems The mass production of the driverless trucks is scheduled for 2027. You see, that’s why we call these like a long-term bond is, you know…
SPEAKER 06 :
20 years of 10 years or more a long-term stock is two or three years or more right where maybe maybe and you know just think how long so let’s just say they’re in 2027 think about how long it takes right to recoup those r&d costs and actually be cash flow positive for that particular business unit and it makes it even even longer duration yes now the initial service launch plan for april 2025 in texas
SPEAKER 05 :
So look at Texas, driverless trucks coming your way. How do driverless trucks handle ice on the road? I don’t know, okay? The partnership was called the first in the industry aimed at scaling driverless trucks. Aurora is in the final stages. The symbol of Aurora is A-U-R. And I do believe that it’s a good. Maybe it will rise up into the emerging growth portfolio from here. You know, I took the chance with it in my little incubator portfolio. I bought it a couple times. It’s been very volatile. But it seems to me like a long-term partnership with NVIDIA kind of stamps it. It’s credibility. So who knows? Maybe we’ll start moving up the ladder in our farm system, Barry, our farm system of stocks.
SPEAKER 06 :
Yeah, think of it as a player who got on a team where he could be a good fit, right, and has an opportunity to play, right? If you’re going to partner with somebody, I think if you’re going to the school dance, I think NVIDIA is probably the one to go with this, right?
SPEAKER 05 :
It seems to me, too, with this new administration coming in, which is pretty tech-savvy, it seems to me like getting driverless going on our public roads is going to move forward in a much faster way.
SPEAKER 06 :
And there are a lot of benefits. I mean, obviously, we’re talking pulling it off is another piece, but there’s a lot of benefits to having it, whether it’s safety or other things, right?
SPEAKER 05 :
Well, the CEO of Aurora said delivering one driverless truck will be monumental. Deploying thousands of driverless trucks will change the way we live. So there you go, Aurora. It’s in our incubator portfolio on watch. And I own a little bit in my incubator portfolio. This is Bill Gunderson. Thank you for tuning in to today’s Best Stocks Now, Best Inverse Funds Now show. Now, back to the second half of the show. Thank you.
SPEAKER 02 :
And welcome back here to the second half of today’s Best Stocks Now show.
SPEAKER 05 :
And the market has gone even further south since we started the show. The NASDAQ is now down, let’s see, the NASDAQ is down 243 points. That’s what it gained yesterday in anticipation of Wang’s speech. And now it’s giving up all of that down 250. The Dow is still up 38, but the high-flying tech, is under pressure here today. Okay, there’s a biotech in the news that I’ve got to bring your attention to. Well, it’s up 11% now. It was up 50% this morning. Favorable mid-stage data in pancreatic cancer. That would be a big breakthrough.
SPEAKER 06 :
Huge one.
SPEAKER 05 :
Very big.
SPEAKER 06 :
That’s one that’s just tough. I mean, from a percentage survivability standpoint, that’s one of the lowest.
SPEAKER 05 :
And that’s IMRX, which is Immunering Corp. IMRX. I did add it to the app this morning. It’s only an $80 million company. It was way up this morning. It’s still up 12%. Okay, we also have a downgrade in Tesla today from Bank of America. There’s news on Tesla every day. I would say Tesla’s chart, you know, it got overcooked. There’s no question about it. After the election of Donald Trump, it shot up to $488, almost $500 a share, hit all-time highs. It’s down about $90 since then, and I could see some further downside just looking at the chart on Tesla. It’s taken some of that fluff that it added there after the election is coming out of the stock. It’s down 4% today. So that has a big impact on the NASDAQ. And, of course, the reversal in NVIDIA has a big impact on the NASDAQ. NVIDIA is now down 5%. uh… almost five percent on nvidia so that’s a pretty big spill and that’s a take in the nasdaq south now here’s another collaboration Uber and NVIDIA collaborate for autonomous mobility, aimed at accelerating the deployment of AI-powered autonomous driving technology. This collaboration will leverage Uber’s vast data from millions of daily trips. So think about that. Uber has the… a data bank of all these daily trips, you put that next to NVIDIA’s advanced platforms, specifically the Cosmos and DGX cloud systems, And that should help bring, you know, fully autonomous to fruition. So that’s a good collaboration there. Uber’s down a little bit.
SPEAKER 06 :
Yeah, and he hit him. Yeah, and see, the thing is, Uber was up in the pre-market.
SPEAKER 05 :
It still is. Actually, it’s up about 3%. Is it?
SPEAKER 06 :
Okay, yeah, it’s up about 3% in the pre-market. And I was reading through some of those. I’ve got an interview recorded, too, of Jensen Wang from this morning that I haven’t made it to yet. It was interesting. I think you talked about robotics in the last segment, and he said there was going to be, I forget what the number of robots that were going to be around. It was some crazy number, and then cars. He’s talking about how many autonomous cars there will be.
SPEAKER 05 :
The numbers are pretty staggering. They’re staggering. Elon says, and some people have said one of the most valuable assets that Tesla has is the humanoid robot technology, that everybody’s going to have one in their kitchen. You know, before long. The other stock in the news… At least one in your lawn, right?
SPEAKER 06 :
Yeah. I don’t need it in the house. Put it outside. Yeah.
SPEAKER 05 :
You know, that’s the only thing. I just love getting on my little lawnmower and driving around. It clears my head.
SPEAKER 06 :
Well, you know our work. You know, when we’re… Especially on the financial planning side, right? I mean, you know, some of this stuff doesn’t come to fruition for years, right? Yes.
SPEAKER 02 :
And then, of course…
SPEAKER 06 :
When I do some yard work, you get that instant gratification, right? Or you wash your car or whatever. When you get done, you’re like, it’s done.
SPEAKER 05 :
Now, AMD, Jensen Wang’s cousin, Dr. Lisa Su, they also had some announcements yesterday. That stock at least has stabilized. but it hasn’t really gotten any kind of wind behind it.
SPEAKER 06 :
I think the PC market is still a headwind, I think, for that name, because they’ve got a lot of PC business as well. I mean, they’re trying to make some inroads on the AI server side. The PC’s really been their bread and butter over the last 10 years.
SPEAKER 05 :
They’ve pretty much put Intel where Intel is today, which is not a good spot. Okay, the rise of the machines. Here we go. There’s a new sector. It’s not new, but… Leaders, players are coming to fruition in the robotics sector. iRobot is definitely the first one. That’s quite a while ago with the vacuum cleaner. And it does work. The cats, they hide. They don’t know what that thing is coming at them. So iRobot was up big yesterday. iRobot has tried to merge with somebody. I can’t remember.
SPEAKER 06 :
Oh, yeah, yeah, yeah. It wasn’t Amazon, was it?
SPEAKER 05 :
Maybe Amazon tried to buy them.
SPEAKER 06 :
Something like that.
SPEAKER 05 :
All right. But there are other players in there, and I’m probably going to create a little sector. There’s Nautilus Robotics, which is KITT, K-I-T-T. which is a small one. I mean, it’s only $30 million in market cap. It’s out of Webster, Texas. They are manufacturing a sustainable fleet of marine robotics and services with intelligent software, Nauticus Robotics, KITT, K-I-T-T, Obviously, Aurora Innovations is in the robotics. If you get some time out there, go to Aurora Innovations’ websites and see the models of what they’ve got cooking. A lot of things, even the one that comes to your door with your Jersey Mike sandwich. Hold the hot relish off that, you know, if you’ve got stomach issues. But then there’s another one, Rich Tech Robotics, RR. Rich Tech is starting to take off. They have advanced robotic technologies and automation for labor-intensive services. They’re out of Las Vegas, Nevada. And then there’s another one here, Microbot Medical. Sounds like this is an article in the making. I’m currently working on a quantum article. Put a little flesh on the bones of the one I wrote Friday for the newsletter. But there’s Microbot Medical. And the robotics, well, look, we can’t look past Intuitive Surgical. Oh, yeah. Which broke the mold. Da Vinci, right?
SPEAKER 06 :
Wasn’t that the Da Vinci?
SPEAKER 05 :
Yes, the robotic surgeon. Imagine how that has changed. And robotics have entered into a lot of other different things. in optometry, all kinds of different things.
SPEAKER 06 :
Yeah, oddly enough, robots build the chips, the new chips that are going to power the next robots.
SPEAKER 05 :
I told my son-in-law, he’s a dentist, you know, he’s like in his third, fourth year as a dentist. I said, you’re going to be raised to play a robot someday, Ray. Yeah. I don’t know.
SPEAKER 06 :
I mean, all mouths seem a little bit different. So, yeah, you never know what’s going on in there.
SPEAKER 05 :
I’m sure they’re using a lot of… I know he took a measurement of one of my teeth and then made a copy of it with a 3D printer.
SPEAKER 06 :
Yeah, the new molds. I mean, the new molding technology and some of the different x-rays on the radiology side for dental and just everywhere.
SPEAKER 01 :
I mean, they’re using AI for…
SPEAKER 06 :
For colon, I saw a client telling me about a colonoscopy in terms of the technology, and as they go through the colon, you know, you’ve got people looking at the screen, right, trying to find a bad polyp, but also AIs in the background, right, and has all this database of what, say, a polyp right underneath the surface looks like and will actually catch, you know, maybe five of them, and the people looking at the screen may only have caught, like, three of them, so…
SPEAKER 05 :
I was sitting at Del Mar Racetrack in November at the Breeders’ Cup, and the table next to me, they were discussing their picks, you know, and And the one guy had some kind of, he said, well, here’s what AI picks. AI likes this horse. So, you know, look, so we’ll have to see. How’d they do? I don’t know. They left with sour looks on their face. I don’t think they had any winners. There’s a lot of variables in horse racing.
SPEAKER 06 :
You know that, right?
SPEAKER 05 :
Okay, now here’s one more, and then we’ll go to the break. A. Eva. Aeva Technologies, A-E-V-A, announced at CES its newest 4D LiDAR sensor built to meet the performance demands of self-autonomous driving level 3 and level 4. uh… so you could look also at a e v a so light so autonomous is made up of you know your your uh… software your sensors it’s made up of hardware your cars uh… and it’s definitely made with semiconductor chips which semiconductors pretty much paved uh… the road of the internet you know the internet highway is is paved with the semiconductors All right, we’ll be right back, and we’ll look underneath the mark at a little damage being done in the leaders today. And welcome back here to the final segment of today’s Best Docs Now show. Well, hedge funds use hedging. They’ve been using hedging for years. Corporations hedge all the time. Airlines hedge against fuel costs. you know hedging the miners hedge against gold prices hedging is as old as the hills and twice as dusty I guess but hedging is available now more than ever to individuals and not only I mean is it useful for hedging but you know if you’re running a little trading account on the side you can also catch some pretty big gains and Real quickly, hedging inverse funds are not meant to be long-term investments. That’s all you’ve got to do. Look at a 10-year chart of the inverse NASDAQ. It looks like the road to hell just straight down almost for years. It’s not a good thing. But… There are times, and when you get into an extreme volatile time like now, volatility also creates opportunities both on the upside and the downside with short-term stuff. And, you know, hedging can be used for tax strategies. Hedging can be used as protection against big gains. Hedging can be used to make money with short-term trading also. So I’m just looking at my – I have 74 that I track that are in my toolkit just in case. We have one, two, two that I can think of deployed right now. No, three, three deployed right now.
SPEAKER 06 :
PSQ, QID, and EPV. That’s right. Europe.
SPEAKER 05 :
Okay, now, so I’m looking today, the biggest winner in the inverse space today, two times short NVIDIA. I don’t know what happened to NVIDIA. Obviously, the news wasn’t good enough, okay? That’s the way the market looks at it. Now, it may recover tomorrow. A lot of times you get immediate reactions to news, and pretty soon things kind of settle down. But obviously, he did not wow the market enough. So two times short, NVIDIA is up 11.7% today. And if you have a large position in Nvidia that you don’t want to sell, there’s a one-time inverse Nvidia and a two-time inverse Nvidia. Two-times inverse Tesla today is up 8.9%. Two-times inverse Coinbase is up 7.2%. Then you take the semiconductor sector itself. ssg is inverse the semiconductors two times it’s up 7.2 the fang index three times inverse i don’t like the three times inverse myself use them very cautiously three times inverse fang is up 6.8 palantir bear palantir’s underwater today Kathy Woods, two times short Kathy Woods, is up 6.7%. Bitcoin is obviously selling off today because ultra-short Bitcoin is up 5% today. Three times short internet stocks. Webs is up 4.9. So I’m just giving you some examples here of tools that are out there. I just look at every tool that is available to me. My database, Best Stocks Now database is closing in on 5,000 now. I might have added, I added about 10 this morning. as I find little stocks that have been overlooked, or new ones, or ones that rise to the surface that I’ve missed before. So I have 5,000, and every day, you know, it’s shaken up. The deck is shuffled, and the cards are counted, and the stats are computed, and it comes out the next day. And it’s not like there’s massive changes. uh… from day to day uh… it’s pretty much trends that are in place for quite some time but anyways everybody has an equal shot including the inverse funds and you know i think this is going to be a volatile year And that bodes well, or at least people should be informed, I think. They can be used in IRAs, you know, so you can’t short stocks in IRAs, but you can in a 401k. Maybe use an ETF to hedge a little bit. So anyways, now let’s look at the S&P 500 today. There are definitely some sectors taking on water. NVIDIA is going to have a conference call later today. and i just had a text from one of our associates saying maybe investors are getting out of the way of that conference call just in case something adverse i don’t i wouldn’t expect anything adverse to come from that but There’s always a little bit of extra anxiety, I guess.
SPEAKER 06 :
It seems like, I don’t know, when you look at the market, it seems like more of the market as a whole is kind of leading to those declines in NVIDIA and some of the other names because… When you look at the news, the news was good, and the market thought the news was good until about 30 minutes before the market opened.
SPEAKER 05 :
Well, actually, about a half an hour into the trading, it did open positive. But I could see that the leaders were selling off. That’s going to lead to the market turning south. The biggest winners in the S&P right now are Moderna is up 11.6%. Enphase up 6.5%. Micron kind of surprising is bucking the trend. I’m not a fan of Micron. Micron is up 4.8% today. Walgreens, I mean there’s some really low quality stocks here. Devon Energy. that are leading the way. Now the damage today is being done to Palantir is down 5.9%. So the highest multiple, that’s where that Hibs would come in. Hibs is three times inverse the high beta stocks. You’ve got Nvidia down 4.5%. I mean, nothing too bad. I mean, it’s all contained within these uptrends so far. Tesla is down 3.3%. Super Micros down 3.1. Meta, which had a phenomenal day yesterday, just an unbelievable day, is down 2.8%. Broadcom down 2.6%. All right, well, there you go. Volatility, the big V, is definitely in the equation right now. If you need help handling the big V… Give us a call. Set up an appointment at 855-611-BEST. And if you want to take advantage, try to, of the Big V. It also creates opportunities. Get four free weeks with Bill during the day here at GuntersonCapital.com. The free trading trial for four weeks, live trading trial.
