This episode unpacks the complex environment of stock trading in 2024, featuring expert analysis on small cap investments and big tech’s influence on market trends. Engage with a detailed discussion about emerging sectors like quantum computing and autonomous vehicles, and listen in as Bill navigates the challenges faced by defense stocks amidst regulatory changes, offering valuable perspectives for every investor.
Here is professional money manager, Bill Gunderson.
SPEAKER 06 :
And welcome to the Wednesday. It is the Wednesday 12-11-24 edition of the Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management, and your personal analyst every day in the four-week program. Some of those have turned into subscriptions, obviously, by now, Barry, but I am your personal analyst throughout the day, laid down on the couch, and we’ll go over your stock market portfolio problems. I’m here with Barry Kott, our chartered financial analyst. The Dow is only up 86. It was up a little more, but I think you can say that the market did like the CPI report this morning. That really shows up in the NASDAQ. Which is a little top heavy from a valuation point of view. It’s up 263. It’s just 50 points away from 20,000. Sell and go away when it hits that 20,000 level. Well, we take it a day at a time. 19,952 on the NASDAQ. The Russell 2000 is up three quarters of a percent. And the S&P kind of right in the middle there. The S&P is up a half a percent. Interest rates are steady. And we have the Bitcoin is down. Let’s see, Bitcoin is up $740 right now. It can’t get back above 100,000, but it remains strong for now. So welcome to the Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management. You know, Barry, I’ve been very impressed here the last two days with, you know, how important it is to really keep a pulse, your finger on the pulse of the market. It’s very easy. We had the Trump victory. We had the big rally in the market, which really didn’t let up much at all. And then all of a sudden, things start to flatten out, and you’ve got to start really analyzing every one of your holdings, what’s going on in the market. We had a very stunning sell-off day on Monday in the AI stocks. That raises questions. It brings up that fear emotion. It brings up doubt. It’s important to be able to analyze what’s going on. I was thinking this morning as I was analyzing the market and sending out charts and whatnot, You know, I think I’m going to rename this service. Now, this is in addition to my main gig is managing real portfolios for people. But my side job, you know, I moonlight as your personal analyst during the day in the market, analyzing what is going on to keep you on track, to keep you from panicking. to keep you from doing something stupid. But I really like that. I mean, I think that’s kind of what it boils down to. So anyways, we have a good day going on so far in the market, but we’ve had two rough days in the market. I spent most of yesterday drawing support lines. You know, those charts, you go up, that’s that number two pattern, then you start to level off into a number three pattern. There’s only four different patterns the stock can be in. And I would say 90% of the stocks right now are in that number three sideways pattern. Now it can either roll over from there and go down or it can break out to new highs. We’ve had six sideways patterns so far this year. in 2024 in the S&P 500 and in the Dow. And every time it’s broken out to go on to new highs. But I mean, one of these number three patterns will turn into some kind of a top and you’ll get a pretty healthy correction. That’s why I always have to be on my toes and watching for these things. There’s a lot of big news today. That was huge news yesterday in Google and Rigetti. And we’re going to go over that today. It has to do with quantum computing. And there’s big news in the autonomous cars. Now, these are a couple of avenues that are very much in favor right now. Yes, you still have AI. Autonomous, we’re kind of looking for that breakthrough, which we have not seen yet. And we had a big player drop out today in GM, which has ramifications for Uber because they were teamed up with Uber. Now, Uber has a lot of other partnerships and a lot of other irons in the fire, but dropping out GM with their Cruze, is a little bit of a blow to Uber so far today. Moving down about 4%, I think. Yeah, you know, and it’s breaking support. It’s breaking support, too, which isn’t good. And then yesterday you had the news, you know, Google has really been a sideways stock for a long, long time here. And all of a sudden they have news on two fronts. Well, I mean, obviously they’re a major player. They’re probably the biggest player now. In the car, the Robotaxi, along with Tesla and Uber. And so Google has good news there. But the really big news for Google yesterday was the breakthrough in quantum computing and the partnership with Rigetti. And that, man, Google broke out yesterday. After kind of a long sideways trend.
SPEAKER 07 :
Well, I mean, yeah, they’ve been the ones really been under fire by AI because, you know, all these AI models, you know, incorporate search to some sense. And they’re, you know, kind of their dominance in the search field, right, has been, you know, kind of under pressure ever since, you know, Chad GPT was announced with Microsoft, what, more than a year and a half ago now. And so… They’ve got to have some successes, right? And this is one of those that seems to be getting right in the stock market.
SPEAKER 06 :
Never write those big tech companies off because they have so much firepower. And, you know, I mean, it’s not been a very good performer. And it has the investigation, the antitrust by the U.S. government. Now, we’ll see if the new administration follows through on that or whether they back off. But the new administration coming in has wagged their finger at big tech, mostly on the lines of free speech. In privacy.
SPEAKER 07 :
In privacy.
SPEAKER 06 :
Yes, exactly. So there’s still issues with them. And just when you think that Google a monopoly, Nvidia a monopoly, according to China, Amazon now is going to sell cars online. Amazon’s the biggest monopoly we’ve ever seen in our lifetime. And yet I never hear any kind of wagging of the finger against Amazon, which seems kind of weird. So anyways, a lot of sideways charts yesterday. I started drawing in support lines, you know, where you’re lying in the sand. You certainly don’t want to give up. This is a two-edged sword, Barry, right now as a money manager. Number one, you have a lot of big gains, okay? This is the worst time to sell big gains. Why? Because you will have tax implications in come April. You’ll be getting a bill from the taxman for capital gains. You’re better off waiting until at least January, okay? and putting them off for another, what, 16 months. So that comes into play here. You don’t want to do too much profit-taking unless you have to. On the other hand, you don’t want to give up those gains. It’s better to pay the capital gains tax than to give up the capital gains. So I have to walk a tightrope. Yes, I have to walk an extreme tightrope this time of year. I only want to – and I’ve had to sell a few. When they break that support, that’s not good.
SPEAKER 07 :
Well, when it’s been two successful back-to-back years in the market, at some point you’re going to have some realized. The good news is a lot of them have been in the long-term nature over the last – you know uh two years since since since we’ve had this really run since particularly in big tech right since about the beginning of uh you know first quarter of 2023 of 2023 is when the nasdaq bottomed out when we called the bottom in the nasdaq and time to go in with guns blazing and we’ve been blazing ever since january 6th by the way yes somewhere in that uh yes exactly
SPEAKER 06 :
And at some point in time, now if you own a mutual fund, unfortunately, you’re going to get those gains if you like it or not. Because they’ve been buying and selling in those mutual funds. Even if you bought the mutual fund yesterday. you’re on the hook for the capital gains that they declare in December, which is not a good situation. So there’s a lot of cross-currents right now. I let the charts really dictate what I do. I don’t usually argue with the charts. We had one break down yesterday. I think that’s the second one in the last month or so. And I had no choice but to let it go. And I’ve noticed the ones that I’ve let go, and I noticed the one I let go yesterday, is down more today. So you have to have some kind of a sell discipline, and that’s where your personal analyst comes in. Lay down on the couch, and we’ll try to get you through this latest little correction in the market. This is Bill Gunderson, along with Barry Kite, our chartered financial analyst. We’ll be right back. And welcome back here to the second quarter of today’s Best Stocks Now show. Well, story number one, we’ll begin with the Consumer Price Index, which, you know, look, we still have some of the hottest inflation around. We’re running at 2.7%, right? Is that where we came in? 2.7%, which we were expecting. That’s in line. But, you know, I mean, you look at countries around the world, especially in Europe, and they’re running more around 1%. We’re at 2.7%. Shelter continues to be a problem. I think that’s rent prices. And I think people are being forced to rent because, you know, it’s hard right now to get a loan at over 7%. Who can afford those kind of payments with interest rates that high? And the other one I saw, Barry, that kind of stood out was air travel. which I think people are doing a lot more air travel. All you’ve got to do is go through Atlanta, go through Charlotte, go through Dallas, Chicago. You’ll see the air travel that is kind of crazy right now, how many people are flying. Those are kind of the things that I picked out from the CPI. But, but. How does the market like it? Well, look at the market reaction so far. You’ve got the market up, so the market’s okay. The market’s okay with that CPI. And you could make the argument, what are the odds now of a rate cut in December after this CPI print? Probably, what, 80%, 90% that we’ll get a quarter percent rate cut. Come next week, I believe, is the last Fed meeting of the year. Okay. Yeah, Barry dropped out here. Yeah, I’m here. It’s okay. Oh, there he is.
SPEAKER 07 :
I think we got him back. But yeah, 96.2% chance of a Fed hike now. I mean, a Fed cut. So we had, as we mentioned a month ago, it was only a 65% chance of a quarter point cut. Yes. And then now after this report, it’s jumped to 96%. Yeah, that pretty much cements it. And they’ll cut one more time and then kind of sit back, I think, and see how things play out.
SPEAKER 06 :
They’ll watch the Doge Boys, the Doge Boys, seeing how much they’re able to cut from the budget. And I’ve got to mention that the Doge Boys have really sent a chill through the aerospace and defense industry, the defense stocks. And the stock we sold yesterday is defense-related, so that was the second strike against it. The fundamentals still look good. The growth still looked good. It dropped below support. We had a decent gain in it, up around 46%, I think, in the emerging growth portfolio. We later added it to our ultra-growth portfolio, and we had… a meager, I think a 2% or 3% loss in that portfolio on that position, and it continues to go down today. But you’re fighting the sector. The sector, there’s going to be, where do you think the Doge boys are going to find the biggest waste? Probably across the board, you know. But obviously all of these sweetheart deals with the defense contractors and the so-called, what do they call that, the military complex?
SPEAKER 07 :
out there and the neocons cutting sweetheart deals and taking a piece of the action yeah the pentagon has a big budget it peep you know the other piece is people i mean uh you know the federal government’s if not the biggest a very big employer yes the biggest yes uh and so you know employees are another thing that they’ve talked about because it is a big cost
SPEAKER 06 :
I saw a picture of Elon entering the White House with this kid on his shoulders, and the kid was asking everybody, what do you do here? What do you do here? Wanting to know, hey, man, look, I want to know what you do here. Do you play video games all day? Look, you have to run it like private enterprise. I’m sorry. You can’t promise people jobs for life and to just goof off at home or whatever. No, there has to be accountability. That’s just a true principle there. Okay, CPI, we got through that. Now, okay, the other big story yesterday. I’m going through my charts like I always do. I’ve had an extraordinary number recently since the election of Donald Trump. Now it’s starting to decrease, finally. It’s starting to get it under control. We’re not up around 1,300 charts anymore. We’re down around 800, 900. That’s still a lot. But I get to Google, okay, and I go, what in the world is going on? A massive breakout. Well, we’ve been talking about this investment that Amazon’s been making in these quantum computing stocks. Well, quantum computing stocks surged Tuesday following Google’s announcement on Monday of Willow, a potential revolutionary quantum chip. So, like I say, you can never count these big tech companies out because what are they going to come up with next? I mean, I doubt that NVIDIA is done. I would think that NVIDIA would be working on a quantum, a revolutionary quantum chip. And they’ve got the money to spend, and they’ve got the talent, right? They’ve got… kind of a monopoly on the talent to produce this kind of stuff. Rigetti Computing, which we talked about yesterday. You can thank Jeff Webster for coming up with that one. He knows kind of the story behind that stock. Led the pack skyward. Rigetti was up 45% today. And today, well, it’s down today 2.4. It was up in the pre-market. I added it to my app today, RGTI. Rhymes with spaghetti, rigetti computing. But Google with their Willow chip was a big deal. And then the others, Quantum Computing, KUBT, D-Wave, QBTS. I saw one of them also announced a secondary offering today. The largest beneficiary of quantum computing will be undoubtedly health care and especially drug discovery. This is already being revolutionized by AI and paired with quantum computing. This field will be completely revolutionized. I’ll have to ask. I have some connections in the drug industry and ask them about quantum computing and drug discovery. But look, I mean, there’s a ton of biotechnology is a lot of math, putting all the numbers together. Now, I remember when they were mapping out, you know, the DNA of people and they made a major breakthrough there. Well, we need that breakthrough with the quantum for new drug discovery. Okay. And so the biotech sector, obviously, is still very much a viable sector to invest in, but you have to spread it out. All it takes is a drug going south.
SPEAKER 07 :
You named off one at the beginning of the week. It was down. Remember, it was down 80% or so, I believe.
SPEAKER 06 :
Okay, we’ll take a little break here. When we come back, you don’t normally see this. You’ve got somebody coming out with a target price. For the Russell 2000, you know the small caps seem to excite people. There’s a small cap rally taking place, and it just has never followed through yet. For the most part, they’re not very good quality companies. But here’s a target price on the Russell 2000 for next year. We’ll be right back. 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 04 :
Because there’s something in the air We’ve got to get together sooner or later
SPEAKER 06 :
And welcome back here to the second half of today’s Best Stocks Now show. Let’s just get a quick update here. Wow, NASDAQ up 271. S&P up 70 basis points. But the Dow seems to be the problem. The Dow has been going sideways now for about over a week, 10 days. Looks to be a little bit vulnerable right now. To me, the Dow’s down 30 points right now. Okay, our next story would be the Russell 2000, which is currently trading at. Now, you know, I’m not an index investor, and I’m not an asset allocator. In the asset allocation world, which I want no part of, you know, you would have like an automatic, right, Barry, small cap stocks. Small cap U.S., 10%, 15%, would that be kind of a normal allocation with these models that we use these days?
SPEAKER 07 :
Right, they’re going to hold. And the problem is it’s so specific, right? It doesn’t matter what’s going on in the world, right? It’s a percentage based on whatever they want.
SPEAKER 06 :
Your age and your risk tolerance. And the younger you are, they’re going… But small caps have really underperformed the market.
SPEAKER 07 :
Well, people have waited for small caps. I mean, really, I think, if I’m not mistaken, I think small caps only outperformed, I think, two of maybe the last, I don’t know, 15, 14 years or something. I saw a stat on it. I remember. We’ve been waiting.
SPEAKER 06 :
Yeah, yeah. Every time they start moving, here come the small caps. Look out. Now, I think about 2006, there was a year or so, maybe longer, the only sector in the market working was small cap value. And everybody plowed into small cap. And I was in small cap value back then. But now you, since then, I think you’re about right there for the last 15 years. I’m just going to, just real quickly, and then we’ll move on. But this is important because they talk about it a lot on CNBC and the other financial channels.
SPEAKER 07 :
And the outperformance, I think, has been like, I want to say it’s around 7% or 8% over some of these time periods. I mean, it’s a pretty significant divergence.
SPEAKER 06 :
Yeah, it’s significant. Okay, so I’m just going to pull up IWM, which is a very typical, it’s Russell 2000 small cap ETF. If we compare, now this is the beauty of the app, it just takes seconds to do this. You’ve had the S&P 500, which is large cap stocks, 19.3% per year over the last 10 years, which is well above average. The average is more in the 11% to 12% area. Now, small caps during that same period of time, 8.6%. That’s a big, big divergence. You compound that out over 10 years, that’s huge.
SPEAKER 07 :
And you’re taking more, by the way, and you’re also taking more risk usually in the small cap space. So you’re taking it from both ends. Exactly.
SPEAKER 06 :
But Jefferies has a target price. They think they’re going to go up 13.5%. The only argument I can really make is they’re cheaper. But, you know, you get what you pay for, my dad used to say. And you’re not getting the quality and the growth that you’re getting in the larger counterparts. So, yes, I find individual small cap stocks. Rigetti is a small cap stock right now. It’s only $1.2 billion. We don’t have any position in Rigetti. But, you know, it’s a small cap. So that’s what qualifies. Sometimes there are quality names, but it’s on an individual basis. Oil stocks continue to look pretty rough, continue to be a very soft sector. Nothing I have an interest in right now. OPEC is cutting forecasts for next year in 2025. Not good for OPEC right now. And it seems to be centered in China as China’s economy continues to struggle. Okay, now with the new guy coming in, the new administration, one of the big names is going to be Kahn. Let’s see, what’s his first name? Kahn is the new FTC chairman. I can’t think of his first name. But he is going to be good. For deals taking place, Lena Kahn.
SPEAKER 07 :
Lena Kahn is the current one, right? That’s the current one that’s been pretty rough, yeah. It’s the new one. She’s going to be on the way out.
SPEAKER 06 :
Ferguson. Andrew Ferguson is coming in to lead the U.S. Kahn was not very kind to, and you’ve seen it. I mean, Google going after Google, going after Microsoft, going after others.
SPEAKER 07 :
Didn’t they? I think in the news today was the Kroger-Albertsons deal. Yes. I think now Albertsons suing Kroger because of the deal not working out, but really it’s caused by the trade commission.
SPEAKER 06 :
Yes. Well, Lena Kahn has had an anti-tech agenda. Which doesn’t make a lot of sense. I mean, tech is where the innovation is coming from. I understand you can’t let these guys get too big.
SPEAKER 07 :
She’s like 35 years old, so probably fairly tech-oriented, I would imagine.
SPEAKER 06 :
Yeah, so, I mean, you have a little bit of this anti-capitalism type of stuff, like this shooter had, you know, against the UnitedHealthcare. I find it interesting that they’re anti-capitalism, but they’re eating at Starbucks, McDonald’s, they’re on Apple phones, they’ve got buds in their ears, but they’re anti-capitalism. Okay, now, so anyways, look for the new administration to be friendlier. Now, that means a lot as you consider stocks that you want to invest in. I mean, this is going to really help companies like Microsoft and Amazon and Google. And Tesla obviously is going to get a little boost. Tesla has been hitting new highs ever since Trump was elected. All right, let’s see what else we got going on. Oh, I find this to be interesting. You know, I wrote my opinion, and you’ve heard my opinion many times on Bitcoin. Microsoft shareholders vote no. on Bitcoin despite Michael Saylor’s pitch. He came in and made a pitch to Microsoft shareholders. Of course, that’s self-serving. I mean, he could give Microsoft to invest in Bitcoin with their reserves, their balance sheet. A balance sheet shows what you own. What you own and what you owe. That’s simple. A balance sheet is very simple. And you subtract what you owe from what you own, and that’s your equity, okay? Your home would be a perfect example of that. How much is your home worth? Subtract your mortgage. What’s left over is your equity. And a company is no different. They own things and they also have bonds. They might have a short-term debt, credit lines, etc. And how do they invest their excess cash? I got to believe Microsoft has a ton of cash. on the sidelines, well, I mean, they put it to the shareholders. Should we invest in Bitcoin? And they voted no. So Bitcoin says no, or Microsoft says no to Bitcoin. And I just think it’s fraught with, I think eventually it’s a problem.
SPEAKER 07 :
It’d be interesting to know, you know, what the decision point was behind doing it, right? Is it, oh, you know, it’s too volatile? I mean, because technically it’s not, you know, not a great sake, you know, it’s not going to be a substitute for cash, obviously. It’s not going to be, you know, a lot of companies will hold, you know, short-term instruments, debt instruments, particularly of…
SPEAKER 06 :
you know the government or what have you and so it’s not going to doesn’t fit in that category either so it’d just be interesting to see why volatility is what they say did they yes microsoft board recommend well i mean the dollar barely moves you know bitcoin moves wildly the board recommended that shareholders reject the proposal pointing to crypto volatility And Michael Saylor is saying, well, you can increase share buybacks. You can raise your… Yeah, if it continues to go higher. I remember when it looked like housing prices would never stop going up in California. And a lot of the guys, the mortgage brokers were saying, hey, borrow against your home. Your home’s going to continue to go up by 8%, 9% a year. You’re getting the money for 3%, 4% a year. You’re making money on the arbitrage. Well, guess what? All the short sales in 2009, 2010 is because people took equity out of their homes, got upside down to where they had negative equity and had to do a short sale. So things don’t always keep going up, Michael Saylor. I’m not on board with the Bitcoin freight train, bandwagon, whatever you want to call it. Okay, Amazon joins Costco as a source for consumers to buy cars. You go into Costco, you can buy a car. I didn’t know I could buy a car at Costco. Yes, and now on Amazon, just do a search. I don’t know. I want to buy a Tesla and have it delivered tomorrow or by this Saturday at least. So anyways, if ever there was a monopoly, it’s Amazon. And I don’t think they’re investing in Bitcoin either. We’ll be right back. And welcome back here to the final segment of today’s Best Docs Now show. Well, let’s have a little fun and go into these indexes and see. Now, the Dow is down. UnitedHealthcare down 4.8%. Isn’t that surprising that one person, one event? Well, it involved the CEO, but there seems to be a backlash against UnitedHealthcare. Obviously, murdering the CEO should not be part of that backlash, but there seems to be a lot of people that have had bad experiences with the healthcare stocks, and in particular, UnitedHealthcare, Barry.
SPEAKER 07 :
Oh, I had somebody close to me who said that they had UnitedHealth through their employer years ago and have had obviously different insurance companies over the years and said that it was pretty much one of the worst experiences that they’ve had with insurance. We all know insurance. You know, no one’s ever happy with insurance. It’s just if it doesn’t, you know, what kind of headache does it cause, right, is really how we judge it. So it never gets ten stars, you know what I mean? No, no.
SPEAKER 06 :
Well, I listened to two different people that, you know, I listened to Ben Shapiro’s take on it last night. I listened to Charlie Kirk’s take on it last night, and they came up with the same conclusion I did. I think there’s something. He came home from Hawaii. He had back surgery. He had a bad back. I mean, he had a terrible surgery. putting in pins and everything. And they said he was never the same. He started taking magic mushroom drugs, psychedelics, which is not a good thing. And it says he totally changed. He dropped out. Nobody could get in touch with him. I think there’s a big connection there myself with that, and I have good company there. Ben Shapiro agreed with me, and so did Charlie Kirk on those magic mushrooms, which is kind of a trend right now, trying to get magic mushroom pills.
SPEAKER 07 :
There’s names that pop up on the app. I look at what do they invest in, and I was like, oh, okay.
SPEAKER 06 :
There’s biotechs that are syllabus. Right. Yeah, I don’t know if the Grateful Dead has anything to do with it. Okay, now, the other ones here in the Dow. So it’s UnitedHealthcare dragging down the Dow. Salesforce, on the other hand, the GoGo stock. Momentum is back in style today. Momentum was really out of style Monday and pretty much yesterday. which we definitely lean more towards the momentum. Momentum is also equivalent with high growth, okay? You’ve got the momentum back in style today. Salesforce is up 3.1. Salesforce also pays a dividend today. I’ve considered it many times for our dividend and growth portfolio. Amazon is up 2.4. It’s not a bad AI play.
SPEAKER 07 :
It’s not a bad AI play from a software standpoint, and they’re big enough to where they don’t have to get it perfect because they’re big. They can always buy it.
SPEAKER 06 :
And, of course, Amazon, which has their own AI chip now, is up 2.4% today. NVIDIA is up 1%. I sent out a chart on NVIDIA this morning. It is holding its support level so far, barely. It’s trading in this range, and right now it’s down at the bottom of its range. And we call that an undecided chart. It’s undecided right now. You cannot predict what it’s going to do until it makes that next move, that catalyst. Okay, now let’s take a look at the S&P 500 here. Super microcomputer down 8.3%. You know, just when you think it’s safe to go back in the water, which I don’t think it is. Something else comes along. Even though everything has shown their own internal audits, I think they’ve been cleared by the SEC. The stock’s down 8.3% today. It’s just one not to go near. And one of the disasters of the year, Walgreens Boots Alliance, which has kicked out of the Dow. It’s gone the way of Intel. It’s down to $8.3 billion now. It was in the Dow not too long ago. It was replaced by Amazon. And Walgreens is down 6.7 today. Macy’s, some would say, a dying stock. It’s now a $4.4 billion company. I mean, that’s minuscule. You put that up against Amazon? The kind of damage, the Amazonization of the shopping mall and America’s landscape. And then UnitedHealthcare is down 4.8%. Look at these health care stocks. They’ve just been murdered. Cigna is down 4.7. That’s an equivalent. Oh, man, it is breaking down. That’s an ugly, ugly chart. I fear that this is going to bring back the call for a single payer, but I don’t think the Trump administration would ever go down that road. But these health care insurers seem to be kind of in trouble right now. And you can throw CVS into that category too. CVS, you know, bought out Aetna a long time ago, several years ago. So that’s a terrible sector to be in right now. That’s why sector analysis. One of the things in the Best Stocks Now app is the ranking of the sectors. You can’t be in these bad sectors. Health care is probably the worst. The defense stocks now are in that list of bad sectors. And I would also put the defense. Oh, the oil and gas stocks are in that also. Now on the upside in the S&P. It’s always more fun to look at the upside. Alphabet. This stock is blowing up to the upside. It has a catalyst, you see. breaking out to a new all-time high right now, 192.64. Alphabet is now a $2.35 billion company. This is on two things. They’ve got a double whammy going on today and yesterday. Yesterday was the breakout. Number one, the quantum computing chip, what was it called, Willow? And number two, GM dropping out of the robo-taxi race, really leaving it down to three now. Aurora Innovations, Waymo is by far number one. And not Uber. Uber is actually not. They’re out of the race. Uber would just be a recipient. And Tesla. So it’s down to three, really, in that race for that self-driving car. And look at Google breaking out today. Man, I looked at it yesterday. I thought, this is the breakout. But it was late in the day, and I didn’t have time to put together a buy. which takes a little bit of time. Okay, we’re out of time. See how time flies? Hire me as your personal analyst. Get free four weeks. You follow Gunderson during the day, or you say, I don’t have time for that. You be Gunderson Capital Management. We want you looking after our portfolios. 855-611-BEST or GundersonCapital.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.
