Today, we journey through the intricate dynamics of economic forces at play, from the resurgence of NVIDIA’s stocks breaking records to the complexities of overarching tariff debates. Bill Gunderson brings expert analysis on what these movements mean for investors both large and small, with reflections on the global market’s reaction to tech industry giants and international trade tensions. Tune in to gain a deeper understanding of the critical developments shaping both everyday transactions and long-term investment strategies.
He’s been seen on CNBC, the Fox News Channel, and the Fox Business Channel. His articles can be found on MarketWatch, Seeking Alpha, thestreet.com, and many other places. He’s the author of the weekly Best Stocks Now newsletter and the inventor of the Best Stocks Now app. He’s president of Gundersen Capital Management. Here is professional money manager Bill Gundersen.
SPEAKER 03 :
And welcome to the Tuesday. It is the Tuesday, July the 15th edition of the Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management. I’m here with Barry Kite, our chartered financial analyst. Our certified financial planner and soon-to-be certified technical analyst.
SPEAKER 04 :
Our chartered market technician, CMT. That’s a mouthful. I just used the CMT. Yeah, we’ll just use some acronym.
SPEAKER 03 :
That’ll take half the show just to announce your title. Okay, we’ve got the S&P up 11 right now. Although underneath the surface, the market’s pretty flat from just my early gander through it here so far. The Dow is down now 149 points to 44,310. The NASDAQ is up 137. Big news for NVIDIA today. As it’s tacking on to its $4 trillion market cap here, NASDAQ up 136, 20,776. That’s a new all-time high on the NASDAQ. Over at the bond market, it’s very quiet. Bonds are flat. 4.43 is where we’re at. Gold down a little bit, oil down a little bit, and profit-taking in Bitcoin is down 3,800, but it’s at 118,042. So welcome to today’s Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management. And you know it’s pretty hard to argue with new highs in the market here recently. We’re seeing a new high today in the NASDAQ. There’s big news on MP Materials and even bigger news I would say on NVIDIA. which is a member of the Dow, member of the S&P 500, member of the NASDAQ, and the biggest member of our portfolio here at Gundersen Capital Management, our largest position by far. It’s grown into that. for one thing, but we own it across a couple of our biggest portfolios here at Gundersen Capital. Well, we had a decent day yesterday, you know, in the market. We had a good day yesterday. We did better than the market. That’s always fun to do. And we had some nice winners in the market today. Today there’s a couple of – there’s several big stories, okay? We’ve got CPI to talk about. Right. We’ve got Trump asking Zelensky if he could hit Moscow from Kiev. Okay, that’s just an update on Armageddon there. And you’ve got the weapons obviously going to Ukraine, which is an escalation on our part. You’ve got a lot of tariff news here today, both ways, coming at us, going at them, and a lot of individual stocks here to talk about, and earnings coming in. Several big companies have reported earnings here after the close and this morning, and earnings season is now really officially underway, and we’ll get to that. But we have to start out on the world stage and work our way down because it does all impact everything. The markets, right on down to your IRA. You know, right on down to your cup of coffee in the morning, I suppose, if you’re a coffee drinker.
SPEAKER 04 :
Known as the top-down approach.
SPEAKER 03 :
Yeah, 50% tariff on Brazil, not good if you go to Dutch Brothers. Okay, well, anyways, Trump did ask Zelensky if Ukraine could hit Moscow. He says, oh, sure, no problem. Send us the weapons and we’ll do it. Huh? Well, okay. You know, I mean, are we going to push Putin too far?
SPEAKER 04 :
And that’s a different tone than, I mean, over the weekend you’re hearing more about Patriot missiles, right? I mean, those are defensive arms trying to take down drones and reduce missile attacks on Kiev and other parts of Ukraine. But, yeah, when you’re talking about… you know, offensive missiles, right? That’s where you start getting, as you said, into the Armageddon land, at least in the discussion.
SPEAKER 03 :
Are you waking up a rattlesnake over there? Now, I taught Old Testament for a year, okay, and Ezekiel 38 calls out Gog from the land of Magog, and I think if you watch YouTube… I think the most popular candidate in the world today for Gog from the land of Magog is Vladimir Putin. Unless someone else comes along. But anyways, I mean, most Bible scholars believe that the land of Magog is Russia, the Scythians. And, of course, the leader of the land of Russia is Vladimir Putin. So there’s your update on Armageddon. There’s how you start your day while you’re sipping on your coffee that just had a 50% tariff slapped on it because they’re messing around with Bolsonaro down there. See how all of this ties together? Even the Bible comes into our talk on a daily basis. The EU drafts $84 billion in additional duties on U.S. goods if they don’t come to some kind of deal because they got their letter and their letter said 30%. And after they picked themselves up off of the floor, they said, okay, pal. How about Boeing? How about aircraft? How about automobiles? Oh, you want to sell automobiles to the European market? Fine. We’re going to face a big tariff. How about that bourbon from Kentucky? That’s going to face a huge tariff. How about industrial? How about agricultural products? How about toys? How about musical instruments? You mean my French horn is going to cost me more now for the parts when my grandson, my grandkids wear out the little thing that you blow into there? Just going to need a horn. That’s it. Not the French horn. I mean everything. everything okay so you can see why we cover this stuff on a daily basis because it’s pretty important let’s hope let’s hope that cooler heads can prevail that we can come to a an agreement with the european union which is a big trade partner they buy a lot of our stuff I’m sure probably on my dinner plate last night there might have been something that was from Europe I don’t know maybe some vinegar imported vinegar or something balsamic I’m sure we don’t make balsamic here but anyways that’s where it stands with Europe we do have an update on Mexico I gotta believe when you walk into the grocery store and there’s that big bin of fresh tomatoes on a daily basis most of those come from Mexico
SPEAKER 04 :
They’re not coming from your garden, Bill?
SPEAKER 03 :
Well, they are this time of year. I’ve traveled down below San Diego into Baja numerous times. They have a huge tomato industry, and they grow other things, but we won’t talk about that. That’s the drug lord’s business there. But the tomatoes, he’s going to slap a 17% tariff on fresh Mexican tomato imports. He’s not happy with Mexico. And I would think that that would extend to avocados at some point in time. And you can’t really load up and freeze avocados or anything like that. They’re very, very perishable. When they get ripe, they get ripe. There’s no stopping that process.
SPEAKER 04 :
No, right.
SPEAKER 03 :
But you know what? Hey, you know, look, I had just a bumper crop of tomatoes and then some verticulum fungicide or something hit all my tomato plants at the same time. It comes from the ground. So I went to Home Depot to just buy a couple of plants. Just the plants were $10. Just the plants. I’m not going to get $10 worth of tomatoes off of those. So I’m back to my seeds, although a tomato from a seed takes a little bit of a while. But maybe with all these tariffs, you ought to learn to grow vegetables from seed a lot cheaper than buying the plants. Okay, now that ties into our next story, which is the Consumer Price Index. otherwise known as the CPI inflation. Unfortunately, all that inflation, Barry, it may have leveled off, but it’s here to stay. I mean, it’s still there.
SPEAKER 04 :
It’s still at 2.7%.
SPEAKER 03 :
Yeah, and that big, big 10% for how many months there jump, it’s still there. It didn’t go anywhere. It’s in the price of things we buy. I mean, it’s just almost breathtaking to look at some of the prices in our supermarket today. I don’t know who we thank for that. Do we thank COVID? Do we thank Joe Biden? It all happened before the tariffs. I do know that. And, I mean, a lot of different circumstances all at once, but we’re stuck. with very high prices on groceries and eating out and just all kinds of things have gone up in price.
SPEAKER 04 :
We’re far away from the old nickel coke, right?
SPEAKER 03 :
Yeah. You’re paying two bucks now for just that. CPI airfares fall for the fourth month in a row. Well, I’m going to book my trip to Michigan today while airfares are down before they go back up again. Now, when we come back, What is the news driving NVIDIA higher, well above $4 trillion today? We’ll have that when we come back. And welcome back here to the second quarter of today’s Best Stocks Now show where we go from Gog from the land of Magog to NVIDIA from the land of the Bay Area, the Silicon Valley, and our friend Jensen Wang. NVIDIA stock climbs as his H2O chip sales to China are set to resume after the U.S. assures export licenses. You know, that’s huge news, not just for NVIDIA, which is now $4.16 trillion.
SPEAKER 1 :
$4.16.
SPEAKER 03 :
How much is it added on there? It’s added on $168 billion. which is like four johnson and johnson’s in a week okay that’s the magnitude of this stock nvidia which you know as i look back on my career in the market may be the greatest stock of all time uh… at least uh… Look at it.
SPEAKER 04 :
I mean, it’s had a remarkable run. I mean, just look at it from that announcement, I think, which you called the greatest earnings announcement ever, which I think was in like March of 2020.
SPEAKER 03 :
Yeah, the shot heard around the world.
SPEAKER 04 :
So like March of 2023, pretty much around there. And just look at that.
SPEAKER 03 :
Wow. I mean, like, you know, Apple can’t even see it anymore. You know, it was running neck and neck. Like Secretariat in the Belmont pulled away and won by 25 lengths, and Sham couldn’t even see him anymore. And that’s like, you know, NVIDIA went by Apple on the turn and opened up 25 lengths in the stretch.
SPEAKER 04 :
And where’s Microsoft now? I mean, it’s close. That’s the only one that can see there.
SPEAKER 03 :
I think it’s the only one that can see them anymore. 3.75 trillion, but he’s put about a half a trillion length lead between him and the next horse in the race there. But I also saw good action, very good action. We got back into AMD, and I see that AMD is up 6.6% on the news. and i would remind you that that’s a massive breakout on amd today okay that’s breaking out through resistance it’s only it’s not even a it’s a quarter of a trillion it’s a baby compared to nvidia but amd probably the second best chip maker in the world today And we bought that in the relative value portfolio, believe it or not. Up 6.8%, right? Yeah. Okay. I’m a happy guy. And then Broadcom is also having a big day, which is also a big position here. Broadcom’s up 2.6% on that Chinese news. And let’s not forget Taiwan Semiconductor that makes all of these chips. I was going to say, because, yeah, they’re bumped up today because they’re making chips. They’re hitting a new all-time high. They’ve smashed through the trillion-dollar mark. They’re at $1.2 trillion. I don’t know. China, they keep drooling over Taiwan, you know. If that’s ever going to happen, I don’t know. It seems almost inevitable at some point, but it’s been quiet kind of over there for a while. But look at TSM up 2.9% today. We’ll check Marvell, which is probably… In that pack, too, it’s only up a half a percent. Let’s check ASML.
SPEAKER 04 :
It was only up like a percent and a half, I think.
SPEAKER 03 :
Not at all.
SPEAKER 1 :
1.3%.
SPEAKER 03 :
You know, it takes three months to earn that in a CD. You’re getting it in one day. ASML out of the Netherlands is a third of a trillion dollars. So that is the news, and it’s big news. And that’s your biggest reason why the NASDAQ is up today because NVIDIA. I don’t know. You could look this up. What percent of the NASDAQ now is NVIDIA? At $4.2 trillion. It’s got to be a 10% weighting of the whole NASDAQ, something like that. And the Dow it’s got to have. Those are weighted indexes. Okay, earnings, earnings, earnings, and more earnings. The market lives off of earnings. Stocks and earnings are like real estate and location.
SPEAKER 1 :
14.1%.
SPEAKER 04 :
Of the NASDAQ?
SPEAKER 03 :
Yeah. So, you know, just a little move in NVIDIA, I don’t know what the NASDAQ’s going to do. I don’t know that they’ve ever had a problem like this, or it’s a good thing.
SPEAKER 04 :
Yeah, we’ve got Microsoft at 12.6%, Apple just over 10%, Amazon at 8%, Meta at 6%, Broadcom at 4%, and then you’ve got both Googles. If you add those together, it’s about 8%.
SPEAKER 03 :
That’s your entire NASDAQ pretty much.
SPEAKER 04 :
Yeah, then you get a bunch of .5s and percents down.
SPEAKER 03 :
Yeah, that’s why they call them the Fabulous 7. Maybe it’s 10 now. I don’t know. Tesla’s also a big player in the NASDAQ. Okay. Earnings. Don’t forget Netflix. Don’t forget Netflix. Okay. We’ve got several banks reporting today, which for me is a yawner. I mean, when you’ve got an NVIDIA, it’s hard to be in Citigroup. I’m just saying. Okay. I know. They play their part. But we’ll look at their track record. That’s where you begin with the stock. How do you size up a stock first? Look at the track record. of how they’ve done for you, the investor out there, the shareholder that risked your money by buying these stocks. You ought to get something in return for the risk you take. We’ll have Johnson & Johnson report tomorrow. I can’t wait for that one. And Bank of America is going to report tomorrow. Thursday will be Netflix. That’s the big one this week. But you also get to GE, Pepsi, a few others, okay? And we’ll update you here in a bit on who reported today. Here’s a funny thing, okay? Everybody was downgrading earnings for this year, back in March, back in April, because of the tariff war. Bank of America is now upping their Q2 forecast, which is over. Q2 is over. It’s in the books. But they are upping the forecast from their post-liberation day when they totally lowered their forecast. citing strong Q1 earnings and tariff de-escalation, Bank of America is raising its 2025 EPS forecast to $262 per share. Well, gosh, that sounds like my number.
SPEAKER 04 :
I was about to say, where have you been on yours? Right about there, okay, and they’re raising that from $250 per share.
SPEAKER 03 :
What happens when earnings estimates go up? The markets follow. Who said they were going to go down because of the tariffs? Those people were wrong. That was 90% of the market pundits, I would say, just from what I do listen. That’s all I hear is how the market’s going to tank this year, especially from Jim Cramer and the CNBCs and the Bloombergs of the world. Now they’re upping their forecast. That’s a pretty big raise by Bank of America going from 250 to 262. That’s $12 per share. You place a 20 multiple on that. That’s about a $250 rise in the target price.
SPEAKER 04 :
It’s about a 5% increase from where they were.
SPEAKER 03 :
And this quarter is expected to come in. They’ve got $62.76, which would be 2% better than the same quarter last year. I have about 4.5%, 5%. So they’re definitely catching up to do on this quarter. But for the year, they’re up there where I am now. They finally caught up. We’ll be right back.
SPEAKER 05 :
But a mother used the wrong life. This is Bill Gunderson.
SPEAKER 03 :
Thank you for tuning in to today’s Best Stocks Now, Best Inverse Funds Now show. I put several hours of research in during the wee hours of the morning each day to bring you the very best cutting-edge stories that I can. To get two free weeks of my newsletter, go to GundersonCapital.com. To talk to us about our fee-based only money management services, call us at 855-611-BEST. Now, back to the second half of the show.
SPEAKER 05 :
And welcome back here to the second half of today’s Best Stocks Now show.
SPEAKER 03 :
This, to me, is stunning news. Also on a stock that we own that’s done pretty well. It’s emerged out of our emerging growth portfolio. A pit in the ground south of Las Vegas, Nevada. Did you see this? Apple confirms a half a billion dollar investment in rare earths miner MP material. This is crazy, right? I mean, a private company investing in a mining pit? that, you know, it shows you they must believe something is there, okay, number one, because you had the Pentagon invest $50 million just a couple of weeks ago. I was about ready to give up on this stock. Up 25% today. Well, we’ve done pretty well with our little MP materials, which is Rare Earth. Rare Earth MP materials. It was up 11% last time I looked at it. You’re saying it’s up 25%. I’m looking at $61.27. Holy cow. I mean, we paid.
SPEAKER 04 :
We bought it at MP materials back on March 12th.
SPEAKER 03 :
I was throwing everything at the market that I could back in early March when I said this is all going to turn around, this is all going to work. You know, all these different things that they’re doing. We bought it at $26.73. What is it, did you say? 61 MP, 61.36. Okay, so if I just plug that into my portfolio spreadsheet here, we now have a profit of 129%. Now, don’t expect that on all the stocks we pick. We have losers too, you know. They kind of balance things out. But the emerging growth portfolio has really come on strong here. And it has not been a good year for small cap stocks, which, look, MP Materials, what’s its market cap? Its market cap is 17. 7.9 billion.
SPEAKER 04 :
Before that, it hasn’t been 7.9 billion for long. It’s 10 today, $10 billion.
SPEAKER 03 :
So, you know, it was $10 last year at one point in time. And, you know, obviously, it’s in the emerging growth portfolio. It doesn’t pay a dividend. It doesn’t have earnings yet. They’re going to lose 57 cents per share this year. They’re going to lose 5 cents next year. But they have sales. Their sales are going to be, they’re going to pull about $210 million out of the ground this year in annual sales. Between a variety of products, I suppose it would be nice, maybe I should write an article on it. What percent of the coming out of the ground is lithium versus the other products? There’s one for you, Barry. I want you to report on that tomorrow, what their mix of sales is.
SPEAKER 04 :
And the trick’s refining it, too. So that’s the other piece. It’s one to pull it out of the ground, but you’ve got to refine it.
SPEAKER 03 :
Yeah.
SPEAKER 04 :
That’s one thing. I heard somebody, another big CEO last week, talking about we’ve got to up that capacity.
SPEAKER 03 :
Yeah. Look at that chart. Holy cow. That is a powerful chart on MP Materials. Apple. They invested a half a billion dollars in that company. And, of course, now they’re a partner with the U.S. government in that company. Maybe get lucky in Las Vegas, right, with Rare Earth, not slot machine, not jack. Maybe they’ll hit the jackpot under the ground there. Who knows?
SPEAKER 04 :
They’re important. The reason that NVIDIA is getting that bump today is because, as we mentioned, that’s one of the things that we’re trading with China. Part of that trade deal was, hey, we’ll start selling NVIDIA chips again, and you start selling us magnets and rare earth manuals.
SPEAKER 03 :
That’s right. Okay, so anyways, big news on MP Materials again. I wish I owned more of it. I mean, it’s in our emerging growth portfolio, which is really starting to bubble again here. Okay, and this business of companies, private companies, buying into things like this, this is a new phenomenon, and you have another one happening today. Okay. Google is signing a $3 billion hydropower deal in the largest clean energy agreement of its kind. I mean, this is even bigger than Amazon’s deal with Constellation Energy. Apple’s deal with Constellation, and then you had the deal with Talon Energy. These are private companies dealing with utilities. This time it’s Brookfield Asset Management, BAM. Let’s see how BAM is doing today. We own the other Brookfield. We own BEP. It’s actually not doing that well. I mean, it’s up a little bit, but… This is a whole new ballgame where they’re buying up this energy in advance, okay? These are 20-year deals for Brookfield’s Holdwood and Safe Harbor hydroelectric facilities in Pennsylvania. It looks like Pennsylvania and Baltimore, Maryland, and that area of the world is going to become the power-generating AI capital of the world as far as powering all of this stuff. Google has the ability to procure electricity for up to 300 million megawatts of hydroelectric assets that will be relicensed, overhauled, or upgraded. to extend the assets useful life so good news therefore hydroelectric facilities in pennsylvania owned by brookfield as google steps up to the plate and uh… google plans to spend twenty five billion dollars in data centers across pennsylvania and neighboring states over the next two years. We’ve got to get to Pittsburgh. We’re heard in Pittsburgh every day, and I’ve always wanted to see that Three Rivers area, and we’ve got to get there. There’s a lot going on there right now in the way of AI and power and data center. Crazy. CoreWeave stock climbs on plans to invest $6 billion. Guess where CoreWeave is investing their $6 billion, Barry? I’ll give you one guess.
SPEAKER 04 :
They’re not buying back their stock.
SPEAKER 03 :
No, Pennsylvania. They’re going to Pennsylvania. I mean, Pennsylvania has become a very, very important state. I mean, if I’m not mistaken, it had a lot to do with the last election. And now you’ve got nuclear power there. Now you’ve got data centers going there. And CoreWeave is up. CRWV is up 9.5%. It’s still below. We sold it at 158. After we wrote it up, I mean, okay, I’m going to go back. We bought CoreWeave in our ultra-growth portfolio. I just happened to read about it one morning before the show, and I go, you know what? This is the real deal. That was back on May 5th. Right around Kentucky Derby Day. Well, when we bought it, yeah, May 5th. I bought it on May 5th at $52.51. And today it’s $144. That’s May to July. And we sold half of it at $102 after we had doubled our money. And then we sold the other half after we had tripled our money. I mean, you get lucky. Even a blind mice finds the cheese, you know, once in a while. $158 we sold it at after buying it at $52. And it went way down after we sold it. It hit 130 yesterday and now it’s climbing back up again. It’s super expensive, I will say that. Be careful about the price you pay there for Corweave. But more good news for Pennsylvania. Tesla Model Y hits the Indian market at $69,751. Now at first blush, I think about India and I think about, of course, there’s a lot of software engineers and there’s a lot of tech in India, but how big is a $69,000 electric car When you can get one from China for half the price, I don’t know. But they’ve officially entered the Indian market with the launch of their Model Y model. priced at 6 million rupees, which works out to 69,700. Now, if I’m not mistaken, India cleared away the tariffs. India was a closed market, pretty much.
SPEAKER 04 :
Yeah, I think that’s kind of that. At least that’s been what we’ve heard as a framework for the agreement. I don’t know how… And that’s kind of the last I think we’ve heard in terms of India. I know yesterday we heard part of the Russian, get back to Armageddon, part of the Russian. Yeah, and then also potentially increase some tariffs on India and China and folks who are selling into Russia.
SPEAKER 03 :
Okay, there’s the ramifications of all of that. If China buys anything from Russia, which they do, they buy a lot of their oil. China will get hit with 100% terror from the U.S. Maybe Armageddon is on its way. I better break out the wheat grinder. Anyways, there’s a lot going on in the world right now, and that’s a big one there in Russia with him really amping up the rhetoric against Putin. We’ll be right back. And welcome back here to the final segment of today’s action-packed Best Docs Now show. Detroit, Motown, August 5th and 6th. That’s a Tuesday and a Wednesday at the Kingsley Hotel. in Bloomfield Hills. And, of course, last time we were there, I didn’t teach a workshop, which I’ve now made that part of the itinerary in every town we hit. This is the next stop on the Gunderson World Tour 2025. We’re going to make some T-shirts. Yeah, we should make T-shirts with all of the tour stops and everything. And on the front, it’ll say, The Bill Was Right Again Tour. Detroit, August 5th and 6th. And now, the beauty of that is this is an opportunity on Tuesday and Wednesday to meet with us personally, privately for an hour behind closed doors and discuss your situation and see if we can be of any help. to you, okay, and your aspirations and desires and plan for the future. And those spots always fill up. I mean, we have two full long days. And if you want to reserve a spot, one of those precious spots available, 855-611-2378, which spells BEST. 855-611-BEST. And Edie will work it out. She always works that schedule out. It’s nonstop for two days. I have a lot of fun. And if that’s not enough, Tuesday evening after we’re done with the appointments, I’m going to teach from 7 to 8.30 a workshop on the market. whatever is the most salient subject at that point in time. We’ll go over my methodology, valuations, charts. momentum, performance numbers, all kinds of things, macro outlooks. We have a whole lot of fun there. And we have limited space. I mean, there’s a nice little place at the Kingsley Hotel there that seats so many. And we look forward to meeting with you there to reserve a spot to the workshop or an appointment with us. 855-611-BEST. 855-611-BEST. Would you loan Macy’s money at this point in time? The answer is no. They’re raising half a billion dollars, okay? And we’re looking for bonds to buy, right? We’re in the market.
SPEAKER 04 :
Yeah, and it’s… And range-wise, it just hasn’t been in that right hurdle range at the moment. But we’ll get there again. But we can be patient. We don’t need to reach for a Macy’s bond, right?
SPEAKER 03 :
Well, I’m just throwing it out. Seven and three-eighths. Okay, that just shows you what kind of mess Macy’s is in, you know, to have to pay that much. When the going rate’s four and a half… That seems too low. Yeah, I mean, I don’t know that I’d do it at 10%. I think they’re in trouble. I think online has killed them. Quantum Computing secures the purchase order from a U.S. bank to advance quantum cybersecurity testbed. Well, that’s QUBT. Let’s see how QUBT… We’ve owned that in the past until Jensen Wang… Wang did real bad, badly back in, that was back late last year when he cut all those stocks in half. Quantum computing went from 27 to 4 after Wang’s comments in the ensuing months. And now it’s climbed its way back to $17.95. They really don’t have anything in the way of sales yet, but here’s a U.S. bank. They don’t name the bank stepping forward to invest in their quantum computing capabilities. Uber and Baidu collaborate on autonomous vehicle deployment. That’s kind of a big story in my book. Baidu is probably one of the bigger players in China as it relates to autonomous vehicles and of course Uber’s got their lot of irons in the fire in different ways and they’re going to team up and help Baidu. with their efforts. And Baidu, they’re looking at Abu Dhabi in the Middle East right now. The Trade Desk, which is one of the biggest winners we ever found a long time ago, not that long, several years ago, they’re being added to the S&P 500, which is always a feather in your cap. They’re the ones that basically sell excess inventory to, I was surprised they weren’t in the S&P already, actually, when I saw that story. I know. I mean, GameStop went in there during all of that, you know, all of that. Hoopla, yeah. All the short covering. It wasn’t there for very long. J.P. Morgan, boost guidance. You know, I just find the bank stocks to be very, very boring. Let’s just test J.P. Morgan. Let’s give him his shot here. Show us what you’ve done for us over the last 10 years, and we’re going to have to close with this one. But I’m just giving you an idea. The first place I look is the track record. Over the last 10 years, Jamie Dimon has done pretty – he is the Cracker Jack CEO in the bank industry, no question. Definitely. In fact, they get a very good, they have an A performance grade, 18.9% per year over the last 10 years. That’s doubling your money every less than four years, Jamie Diamond. Even though he’s always negative, I think he under-promises and over-delivers.
SPEAKER 04 :
He knows the earnings game, by the way.
SPEAKER 03 :
The stock is up 42% over the last 12 months. Over the last three years, it’s averaged 40% per year. My hat is off to Jamie Dimon, who’s doubled the returns of the S&P 500. My issue lately, and for quite some time, has actually been the valuation on the shares, because when I do my five-year target price, so that’s where I go second. This passes my performance, absolutely passes it. But the valuation, I come up with 63% upside potential. So this is one you’d look for on a big, big pullback that would give it 75%, 80% upside. But my hat is off. One of the best banks in the world as far as being managed and performing for shareholders. Don’t think that every bank does that. This is very much an exception rather than the rule. Okay, we’re out of time. If you’d like to book a slot with us in Detroit, in Bloomfield Hills, or by Zoom or over the phone from anywhere in America, 855-611-BEST to check all your stocks and the performance numbers of them, like we just did with J.P. Morgan. Get the four-week trial, which includes the app, and you can look up your own portfolio there. go to GundersenCapital.com. That also includes my live trades every day and the newsletter every weekend. So there’s a lot there for four weeks. Go to GundersenCapital.com. Have a great day, everybody.
SPEAKER 02 :
This show is not a solicitation to buy or sell any securities. Bill Gunderson or clients of Gunderson Capital Management may have long or short positions in stocks mentioned during the show. Past performance is not indicative of future performance. Gunderson Capital Management is a fee-based registered investment advisory firm. All accounts are held at Charles Schwab. Schwab is a member of SIPC and FINRA.
