The conversation moves deeper into specific stocks and industries affected by macroeconomic shifts. Bill provides keen insights into Tesla’s performance, highlighting the growing EV market competition, particularly from Chinese automakers. They explore how market giants like DoorDash are evolving post-pandemic, while also scrutinizing industries such as ride-sharing, represented by Uber and Lyft, to see which companies are thriving and the strategies behind their successes. This episode is both a lesson in stock market dynamics and a reflection on everyday economic factors affecting the average consumer.
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 Wednesday, the midweek inflation, bacon and eggs conundrum edition. We’ll talk about that in a minute. Best Stocks Now show with professional money manager Bill Gunnarsson, president of Gunnarsson Capital Management, a nationwide fee-based only firm. I’m here with Barry Kite, our chartered financial analyst. He’ll be weighing in. And a bit on the CPI numbers, inflation, which is putting the market on its back foot today. Comes with the territory. The Dow’s down 426 right now. That’s just a little less than 1%. The NASDAQ is down 145 right now. That’s about three-quarters of a percent. The S&P 500 is down 50 points, 49 points. That’s 82 basis points. Russell 2000, anytime you get a rise in interest rates, I think we’re up nine basis points today. It’s going to hit the high PE, the high beta, and the small caps the hardest, and the small caps are down 1.1%. Now, there’s a lesson in all of this. Keep that in mind. In the future, you see interest rates go up, and you see your small caps go down. You’ll know why. The multiples compress. The 10-year, as I said earlier, is up nine basis points on that hot inflation news. We’re at 4.65% right now. So welcome to today’s Best Stocks Now show with professional money manager Bill Gunderson, 25 years behind the trading desk and at the microphone of the Best Stocks Now show. And I’m here with Barry Kite. The kid on the block just getting back from NASDAQ. He thinks he’s hot stuff now that he’s been to one of those NASDAQ closing ceremonies. Barry, I had a revelation last night. I said, here’s what Trump needs to do. And this came while I was watching Elon Musk in the Oval Office.
SPEAKER 05 :
Standing back there, yeah, with this kid.
SPEAKER 03 :
The only thing he wasn’t doing was sitting behind the chair that Trump sits at. Right, okay. Right. But you know what? He’s just talking common sense to the folks and talking common sense to the press. Let me tell you this. If they could put their forces, if they could bring all the egg producers together, maybe all the chickens together, and get egg prices lower and bring all the pork producers and all the bacon and all the pigs together and get bacon and eggs lower. Trump’s approval rating will go from 53% to 63%. Because that’s your kitchen table issue, right? Oh, yeah. That’s where people feel it immediately. They go to Walmart. You know, and that’s the first thing that the Democrats picked on with Trump. He’s been in office a week and egg prices are still high.
SPEAKER 05 :
Okay. And it’s hard to find a food.
SPEAKER 03 :
Let’s do what we can do.
SPEAKER 05 :
It’s hard to find a food that doesn’t have egg in it. I know. We’re not just talking about the eggs on your shelf that you’re trying not to break on the way to the house. They’re used in many different ways, and I think egg prices were up, I want to say it was 14% for the month.
SPEAKER 03 :
I want to say $7 a dozen right now, so about $0.60 an egg, okay. So let’s get Elon and his gang, and let’s see what we can do to just drive down. Because they’re on the surface, right? Everything underneath, you know, shelter and airline fares and this, you really don’t notice as much. But I think I’m right, and I sent that out on Twitter today. Hopefully it will get retweeted. Hopefully the message will end up in Miralago. If not, I’m going to drive down there myself. That is a kitchen table issue that would do more for his ratings than anything he could do right now.
SPEAKER 05 :
And you look at food. I mean, food came in for the month at 0.4%, right? It hadn’t been that high at least since prior to July. I mean, July was 0.1%, by the way. And so you’ve got food at home. uh was was up half a percent and food away was up 0.2 percent and my guess is that food away once you know well in a food away eventually right will also go up if eggs stay at that price for that long because they’re you know they have a longer a bit longer shelf life on some of that food than, say, Waffle House does. Waffle House, like we said last week, with the 50-cent egg surcharge per egg.
SPEAKER 03 :
Per egg. That’s right on your check. You know what? You know, that’s not good. You get a three-egg omelet, you’re not happy. All right.
SPEAKER 05 :
The biggest items have been, and the biggest highest items for the year, transportation services up 8%, and then you’ve got shelter, which is the largest part, really, of any CPI calculation, up 4.4% for the year.
SPEAKER 03 :
Are Western omelets in there anywhere? The Dow finished up a bit yesterday, but the NASDAQ momentum stocks were weak on Tuesday, and that’s because we had a little bump in interest rates. I also think maybe the renewed hostilities in the Middle East may have the market just a little bit spooked, too, because all hell could break loose on Saturday if somebody doesn’t give here. We thought we had that on the back burner. But that was a pretty hot inflation report, I have to admit. And don’t forget, we had a five basis point rise yesterday in rates, and now you’re tacking on another nine today. So that’s going to hit your high PE, high beta stocks, your AI, your chips, your cybersecurity, etc. Shopify had a good day yesterday. But today, obviously, we start off on our back feet today with the inflation numbers coming in pretty hot. It was 0.5% for the month, right? So, I mean, if you annualize that, that comes in at 6%, which is pretty hot. And, you know, I’ve been hearing that rent prices are going down. We have connections at the biggest apartment builder in America. And I’ve talked to a lot of those guys, and they say, you know, rents are starting to come down. And that’s a little bit scary to them. But it’s music to my ears because that’s been one of the stickiest parts of inflation.
SPEAKER 05 :
So anyways… And January is always a weird report. Last year, it was very similar. January is where they do some recalibration in terms of what the CPI calculation is. I saw something where… The shelter component became, at least in this iteration of inflation, became a bigger portion of the calculation. So that’s another reason why you have a jump in inflation. A lot of that stuff has been calculated in terms of those estimates. Regardless, it still came in higher than estimated, but you’ve usually kind of been getting this bump, kind of recalibration bump in January, and then it kind of tones down from there, right?
SPEAKER 03 :
Yeah. I think it’s probably a one-off myself, but you can put this in the bank. They’re not going to be cutting interest rates at the next Fed meeting.
SPEAKER 05 :
Well, the bond market, yeah, traders moved. Essentially, probabilities had traders were assuming first rate cut in September, right? And that’s been pushed to December. So in other words, you’re talking about one rate cut in December, and that’s it.
SPEAKER 03 :
Trump’s calling for lower interest rates, and that’s falling on deaf ears right now at the Fed. He can call for lower interest rates. He’s going to have to do it himself between him and… And Besson. Now, I’ll be going Wednesday night is my night, my Walmart night. You know, I meet with the young men over at the church every Wednesday night, which I’ve done for, I think, the last 40 years of my life or whatever. But it’s a good thing. It’s a good thing. I enjoy it. And usually I hit Walmart first. So I’m going to have a boots on the ground report for you tomorrow. For me, chicken legs are a big deal. I use them in my crab traps. I trade my chicken legs in for fresh blue crab, which is a good trade. Unless chicken legs are $2 a pound, then that’s not good. You know, but things like milk and eggs and bacon, I’ll be reporting back on my findings. And wait until we see. They’re going to be stocking the shelves with all that Valentine’s candy. Oh, I’ll bet they’re stocked now. I’ll bet chocolate is like through the roof right now.
SPEAKER 05 :
I saw where some Costco’s actually quit selling eggs at the moment.
SPEAKER 03 :
Are they limiting that to, like, hey, one dozen, pal? And they got them behind a lock and a key. You know, you’ve got to go ask the guy. But anyways, that’s where we stand. Like the bar of gold. That’s right next to that Kentucky bourbon, you know, and stuff, and the bars of gold, and there you’ve got a dozen eggs right next to that. Okay, so we have some earnings reports, some good, some bad. Cisco’s going to report tonight. Does anybody care? I thought DoorDash had a terrific report. We do own DoorDash. We’re going to get QuantumScape tonight. That’ll be interesting, one of those quantum stocks, the trade desk. We’ve gotten Kraft Heinz, CVS, Biogen, member of the Dow. So we’ve got some earnings to talk about here today. And quite a bit more, actually. It’s a pretty busy news day today. And, of course, the inflation report, I would say, is the number one story for the market here so far. We’ll be right back. And welcome back here to the second quarter of today’s Best Docs Now show. Super Bowl 59, 127.7 million viewers, which is an all-time record, up 2.4%. The biggest audience was right before halftime. It peaked at 137.7 million. I dropped out at halftime, I have to admit. A little after halftime, I watched the first few minutes of the halftime show, and I thought, you know what, this just is not my thing. I grew up watching some real artists. Not that the guy’s not an artist, but I saw Elton John. The Super Bowl I went to, I went to one Super Bowl in San Diego. Elton John had about 20 white pianos all over the field. It was a fabulous halftime show. But anyways, Kendrick Lamar, he set a record. 133.5 million viewers watched the halftime show. How did the guy win a Pulitzer Prize? He’s not only a Grammy Award winner, but he won a Pulitzer Prize, which is kind of weird.
SPEAKER 05 :
I guess maybe for writing in some form or fashion.
SPEAKER 03 :
I guess he must have wrote an editorial or something in the New York Times, whatever. Schwab makes expanded 24-hour trading available to all clients. So, Barry, they’re asking us, Bill, are you going to send out alerts 24-7? I said no. You know, I get a good night’s sleep, so I’m really alert during market hours.
SPEAKER 05 :
Well, and when volume’s lower, I mean, the trick is, the reason why you have big moves in the after hours a lot of times, you know what I mean? You have… it’s not the same market that it is between 9.30 and 4 o’clock. I mean, it’s just not from a liquidity standpoint.
SPEAKER 03 :
No, I could never. I made a purchase yesterday. It was $11 million. It wasn’t in my IRA or anything. It was across the board for clients. And I couldn’t have done that after the market closed, obviously, because you wouldn’t have enough liquidity.
SPEAKER 05 :
The other problem is you don’t always know if you have enough liquidity either. I mean, you place a trade like that with zero liquidity, and you can get some weird pricing.
SPEAKER 03 :
Yeah, well, you know, I even have to watch it during market hours because… Especially some of those smaller stocks for emerging growth. They’ve told me at Schwab, Bill, look at the average daily volume, and if you’re more than 5% of that average daily volume, you need to go through our trading desk. Yeah, they’ll work it in. And they work it all day long, okay? And there have been times, I mean, there’s been a few times when I was 10% or 15%, 20% of the daily volume. in some of the smaller stocks. But anyways, 24 hours, how does that help you as an individual trader? It shouldn’t be any issue at all unless you’re a rich guy really trading big blocks of stock. But if you’re coming home and reading my emails that I sent out during the day, you should have no problem executing those trades. Now, it’s not going to be 100% of the stocks, but they’re increasing it tremendously. So we do have a much more active market now in the after hours. Tesla and Lucid gain after benchmark charges in with new bull ratings. I got a comment on Tesla stock. You know, Tesla’s under heavy pressure. It is up a little bit today on that news. But I’ll tell you what hurt Tesla the last several days. It’s China. And, you know, now you’ve got the Chinese EV makers teaming up with DeepSeek, with AI, and the race for the autonomous car is on. That’s all I can say. And I also noticed that the U.K. is opening up their markets to Chinese EVs. I don’t see us ever doing that, at least not on Trump’s watch, but maybe someday down the road. But you’ve got BYD producing four times as many cars as Tesla now. You’ve got LI. You’ve got X-Ping, et cetera, now starting to get into the European markets. That’s major competition now. And it’s driving prices down. It’s driving margins down. So Tesla’s kind of up against it right now.
SPEAKER 05 :
Yeah, I mean, and they’re, you know, they’re, I mean, take BYD, they’re creating new models, you know, fairly, fairly often. I mean, you think about, you know, Tesla, really, you know, I guess the most recent, you know, I guess model, right, is the, I guess would be the truck, Cybertruck. But, I mean, they’re not only… selling a lot more cars, doing it cheaper or being at a cheaper price point, and are continuing to innovate in terms of the look of the car.
SPEAKER 03 :
It’s like the iPhone model. About every year or two years, your car, there’s something really new and great that you’ve got to trade the old one in on. I mean, China seems to have a better handle on that. I don’t really see that from Musk. coming up.
SPEAKER 05 :
Well, when the car gets updated, it’s kind of unique on Tesla’s side because you could argue that they’re always continually improving the model because they do software updates, right?
SPEAKER 03 :
But the looks…
SPEAKER 05 :
It’s not that old. It’s not years ago where you’ve got a different model each year.
SPEAKER 03 :
Ford rolled out a new Galaxy, and it was way different from the previous Galaxy.
SPEAKER 04 :
When you had half-year models at one point.
SPEAKER 03 :
But I’m sure it really cost Musk a lot to retool the assembly lines and all this and that. Okay, Netflix. I’ve been talking about Netflix for some time. Replace it in the Dow. replaced disney in the dow how un-american can you be but netflix is way bigger than uh than disney now i see that netflix opened up a restaurant on the las vegas strip so that’s the first thing i’ve seen them do outside of well i mean they went from streaming to being a big producer they’re producing shows they’re producing content so that was a major advancement for Netflix, and now maybe they need a theme park. They need a theme park.
SPEAKER 05 :
You said they need a theme park. I’ve seen a couple of like, you know, in big cities over, you know, I just happen to be somewhere and they’d have like a pop-up store, right, and they’d have like a big Netflix tent, right, and have, you know, some kind of… different stuff for some of the popular shows on there. But nothing real brick and mortar. Certainly no theme park at this point.
SPEAKER 03 :
But you could now try the new Netflix Bites in Vegas. If somebody goes there, I’ve got a picture of it here. It looks pretty nice. Let me know how it is. But they’re partnering with the MGM Grand, which is undergoing a huge, huge makeover. But they’re going to have dishes around the Squid Game, Chef’s Table, Dinner Time Live with David Chang, all kinds of different little goodies there. Coming to a city near you. Yes, some stranger things. Okay, Buffett’s Berkshire. You know what? I just don’t think, I don’t know. He’s buying more Occidental Petroleum, 36 million purchase. And Berkshire is so big. He is so limited to what he can buy now. It’s hard for me to foresee over the next 5 to 10 years outperforming the S&P 500. because of the limited hand that he has to play with these days. He’s probably limited. On his menu is maybe 100 stocks to choose from or 200 stocks to choose from because of the size of… It’s a good problem to have, but as an investor… It’s very hard with those great big stocks like that. Usually, you know, there’s not a lot of upside. The word I’m looking at, alpha in those stocks, right? We’ll be right back. We’re going to talk about some of those big stocks and others in the news today that have reported earnings. 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.
SPEAKER 07 :
And welcome back here to the second half of today’s Best Stocks Now show.
SPEAKER 03 :
Well, the market has improved markedly since the open. And the futures, I mean, the NASDAQ was down 250 before the market opened. Now, that’s a warning to you that want to trade in the after hours, right, or the pre-market, right? I have seen so many pre-markets that had it way wrong. I mean, I’ve seen companies report and the stock’s up 45%, and by the time the market opens, it’s only up 10%. So good luck with that trading 24 hours a day. But the NASDAQ is only down 65% right now.
SPEAKER 05 :
I feel like in those big moves, you always get those, you know, it’s really groupthink, right? It’s like, you know, some good news comes out or what have you, right? And everyone is on the long side of the trade.
SPEAKER 03 :
It’s not good. Or vice versa, right? It’s, you know, getting on the gravy train, you know, at the last minute. It’s not good. But, you know, look, if you’re going to buy 100 shares of this because Bill sent out an alert on it today, that’s okay. But trading the after-hour moves and the pre-market moves, I would very much warn against that because they’re very much accentuated, big-time accentuated because of the volume involved. Now, the market has improved markedly. Now, let’s just take a look. Palantir is now up 2.7%. Spotify is up 2.6%. Oculus is up 5.4%. DoorDash is having a good day. We own DoorDash up 2.3%. There’s some pretty good moves there in the market. The ones that are still down today, Arista Networks is down, Shopify after a good day yesterday. I would say AI maybe if you’re going to pick on one group here.
SPEAKER 05 :
In longer duration, right? I mean, you basically took one cut. At least today’s CPI report has taken one cut for the year out of the market. First cut’s not expected to be until December now. So if you’re doing evaluations, certainly for longer duration stocks, that’s going to bring that down a bit.
SPEAKER 03 :
Okay, now let’s take a look at Global Foundries. You know, it reported earnings. I just don’t think there’s much money. Other than Taiwan Semiconductor, the biggest foundry in the world, I don’t think it’s a profitable business. Global Foundries makes chips up in New York. But it just hasn’t been a very good stock.
SPEAKER 05 :
It’s a ramp-up production. I mean, just ask Intel what it costs just to build these new plants, how long it takes, what investment you’ve got to make. You’re kind of building to a moving target because who knows what technology is going to be in three years, right, as you’re building this industry.
SPEAKER 03 :
chip plant for for today so it’s uh yes it’s not an easy business it’s it’s it it’s not a a high margin business uh to go down okay biogen let’s take a look at biogen biogen is in the dow all right that’s why i bring biogen up I think there could be a lot of better stocks in the Dow than Biogen, okay? Biogen is hitting a new 52-week low. I don’t know who picks the stocks for the Dow, but they need a better stock picker. That’s all I’m saying. And Biogen, I don’t believe ever should have been put in the Dow. It’s down. It’s hitting a new 52-week low. And that’s why the Dow so severely underperforms the NASDAQ over time. You were in that NASDAQ building. I heard a number that since the NASDAQ started, the index, it’s delivered 14% per year. And I think that’s over 25 years. And the triple T, the triple Qs, right? 36% per year over the last 10 years. The better stocks are in the NASDAQ. I don’t know that the Dow was ever meant to be an investable kind of thing, but you would think they’d have 30 really good stocks in there rather than a lot that are really second, third, fourth fiddle. I mean, Lilly. Lilly should be in there. Why Biogen? Why is Biogen in there? That’s just my two cents. And you know what? I mean, when a company kind of loses its way, Amazon passed Walgreens years ago, and yet it took them a long time to finally kick Walgreens out and put Amazon in. So that’s just my two cents on that. Boeing delivers 45 planes. That’s the best January in six years. Okay, that is a Dow stock. It’s not a stock we own. Boeing, they’ve been through a lot. Now, here is, in my opinion, a stock that represents a best stock now. And, you know, I think what really helped them, they went public, DoorDash did, in 2020. You remember 2020?
SPEAKER 1 :
2020.
SPEAKER 03 :
Yeah. I mean, vaguely, yeah.
SPEAKER 05 :
You couldn’t go to a restaurant. I can’t remember the first three months of 2020, but I can remember the rest of it.
SPEAKER 03 :
If you lived in New York, if you lived in New Jersey, if you lived in Pennsylvania, if you lived in Delaware, Rhode Island, etc., There were no restaurants open, and that’s why all these people. We have so many people that arrived in South Carolina in 2020 because they were sick of the shutdowns in their state. Now, we weren’t like freely going to, but we were a lot looser on the restrictions. But DoorDash and Zoom came public in 2020. Good time to go public. Luckily, we were a virtual investment firm in 2020. I think we fared a lot better than most investment firms, which do everything over a handshake and a cup of tea and a silver service and let’s meet and blah, blah, blah. DoorDash is hitting a new – no, not an all-time high. The all-time high is 257. DoorDash is probably the fastest growing restaurant company in America because it represents all the restaurants out there. And, you know, I mean, it introduced us. I think it changed the world. There’s no question about it that COVID changed the world, okay? It helped Amazon. It helped Shopify. It helped Zoom. I remember the work from home ETF, all the companies that benefited. We never dreamed of having a hot meal delivered to our door. I got to tell you, I think it was Thursday, last Thursday or so, my wife was a little under the weather. And I said, you know what, I’m going to order Chinese food. We have a really good Chinese restaurant over there in Daniel Island. I swear to you, it was at my doorstep in 35 minutes, piping hot, piping hot, Dragon Palace. Give them a shout out. Now, it cost a little extra to have it delivered, but you know what? It costs to go out to the restaurant and pay a tip to everybody and all this and that. I usually give them a tip. I said, look, DoorDash, put that in your portfolio. That’s my tip for you. My brother used to carry a card because of lousy service. I checked the box that says leave it at the door. Yeah, leave it at the door. Yeah, exactly. And there it was, piping hot. I couldn’t even hardly handle it. Of course, Chinese food, but I mean oven hot. Okay, oven hot. So anyways, we do own DoorDash in the ultra-growth portfolio. Good report. Sales up 25% year over year. That’s for the quarter. That’s good growth. That’s our wheelhouse.
SPEAKER 1 :
20, 25, 30, 35.
SPEAKER 03 :
Earnings up 185%. Now why do I say that? Because the year 2024 was a crossover year. What do I mean by a crossover? They went from losing money to profitability, okay? And I remember when Amazon reached that kind of threshold. I remember when Tesla reached that threshold. You know, some companies never reach that threshold. They can only dream of someday being profitable, and usually they ended up folding up. But DoorDash is crossing that threshold. This year they’re looking to make $2.14, which would be a 636% increase versus this time last year, or 2024. And then in 2026, the estimates are for $3.68, which would be a 73% increase. What’s the old saying? Stocks follow earnings. And when you have earnings growth, sales growth is 20-25% over at DoorDash. But the earnings growth could be triple digits here for a while. So anyways, its stock is up 2.3% on not that great of day in the market. But DoorDash shines with double digit growth during the holiday quarter. Now I’ve tried Uber Eats. Instacart is in the mix somewhere there. Uber’s not bad. It seems to me like, I don’t know, I have to compare. It seems to me like it costs more to have it delivered by Uber than it does DoorDash. Okay, when we come back, we’ve got to look at Lyft, the slow catch-up, Restaurant Brands, which I think is a candidate for a value play, SoftBank, CVS, Barrick Gold, and Dominion Energy. A lot to talk about in the final segment of today’s Best Docs Now show.
SPEAKER 06 :
Thank you. Thank you.
SPEAKER 03 :
And welcome back here to the final segment of today’s Best Stocks Now show. You know, in a lot of industries, you kind of have like the dominant player and the one that does their best to try to keep up. And I would say in the ride sharing, Uber is the dominant player. And Lyft is the one that’s trying to hang in there. It seems to me that Uber is kind of eating Lyft’s lunch. Uber’s now $162 billion. Uber’s $162 billion. Lyft is $5 billion. That’s not a good place to be in. I think at some point in time. They used to be a lot closer together valuation-wise. Obviously, one’s executed a lot better, whether it’s the brand or… Whether it’s the management, whether it’s the people deciding who the winner is, Uber has crushed Lyft. And really, I see the only way that Lyft is going to survive would be to maybe combine forces.
SPEAKER 05 :
Or an autonomous, yes, or sometime a type of autonomous breakthrough, right, or they partner with which they’ve been talking about doing it.
SPEAKER 03 :
Okay, soggy stock. craft heinz okay craft heinz uh i have to bring these up just for comparison oh god that is a terrible chart horrible chart on craft heinz john kerry had something to do he was married to a heinz he was theresa heinz kerry i think was his wife she was like the heiress that’s a good person to marry i suppose if I don’t know what she looks like.
SPEAKER 05 :
Especially if you’re into condiments, right?
SPEAKER 03 :
Yes, yes, if you like your condiments, which I do. You know, when I go to the ballgame, I like a lot of relish. I don’t want them little packets of relish. I want that machine that you crank, baby, and the relish comes out of that thing. I get my money’s worth of relish. But anyways, Kraft Heinz. There’s a good example, all right? It’s just not a stock of today. You can look up the 10-year returns, the 5-year returns, the 3-year returns are terrible. Okay, I want to talk for a minute. I have drawn up and have started on paper. A value fund. I’ve always kind of liked value investing, which is a completely different discipline from momentum investing. Buying that which has been clobbered, out of favor, whatever.
SPEAKER 05 :
turnaround story yes turnaround stories and you know restaurant brands it’s all i can say they did a lot of advertising by the way during the super bowl i noticed i saw where you know only only i think thinks delantis was the only car company that uh that uh that advertised yeah they did it’s got to be the first time that you know it got to be the lowest number of automakers ever on uh you know on a super bowl well it was seven million for a 30 second
SPEAKER 03 :
spot you gotta sell a lot of chryslers at that price and of course restaurant brands gotta sell a lot of patty melts but i think as a value stock given that it has the turnaround king i finally pulled the plug on it but i noticed it’s starting to turn around so i think it belongs in a different discipline a different strategy it belongs in a turnaround Patience. We’re just going to let him do his work. I’m talking about Patrick Doyle who turned around Domino’s Pizza. He kind of came in at a time when inflation was running rampant. Difficult time for the fast food industry. uh they’re all competing on the value side of the yeah all you know yeah you don’t never want to have to compete only on price right yeah so anyways it it is i i’ve come up with 10 stocks so far in that value portfolio now i’m just testing it out i it’s it’s not even uh in the incubator phase it’s on the drawing board But I do think there is something to be said for stocks that really get crushed and are big turn. I think Honeywell is another one I penciled in there because it’s been hitting new 52-week lows, and they’re going to split it up into three companies. So we’ll see. uh how honeywell does okay cvs obviously not my cup of tea uh cvs is having a good day however it’s up 15.4 percent today maybe uh who knows maybe manjaro and zep bound and wigovi and all of that are helping cvs a little bit i know it’s not the poppycock You know, you can only eat so much poppycock. My grandmother used to like poppycock, you know, the candied. My mother liked it, too, the candied popcorn with the almonds in it. Oh, man.
SPEAKER 05 :
Well, yeah, you start throwing almonds in there, and I’m on board.
SPEAKER 03 :
I don’t know if they still sell poppycock.
SPEAKER 04 :
I’m not even sure what this is, but I would attack it if it has the almonds in there.
SPEAKER 03 :
Now, the last one I’m going to talk about is Barrick Gold, investing in a gold stock. Gold has got a lot of life to it, but I’m just going to tell you. you could look at the returns if you go to the app type in gold gold itself the commodity GLD and see how it’s done over the last one five three ten years in the app okay not very good i mean gold is you gotta treat gold as a trading or as a hedge or as in a doomsday kind of scenario investment you know when all else fails If you’ve got wheat, if you’ve got gold, and a few other commodities, seeds, garden seeds and stuff like that, that’s where I see the use for gold myself. But it is closing in on $3,000 a share or per ounce. But Barrett Gold over time, you know, here, I go back nine years ago, it was $20 a share. Where is it today? $18 a share. There’s no dividend. It’s a hedge. To treat it as a long-term investment, I think, is the wrong way to look at gold. The last one I’m going to say, and it might have something to do with the AI stocks being under pressure, Vertiv. plays a little bit of a role there in that digital infrastructure. And it’s having a bad day. It’s down 9.1%. And I’m going to mention one other one, SMCI, which reported earnings, or I think they pre-reported. They haven’t reported yet. But Supermicro’s up by 3.5% today. But it is kind of a tough day. If I were to pick out one sector today that’s got just a bit of a runny nose, it would be the AI sector. Other than that, the market’s coming back from that big swoon in the pre-market. Okay, I sent out a lot of alerts yesterday. I was very busy. I was hunkered down with my phone turned off, door locked, everything, man. Totally focused on the game between 9.30 a.m. and 4 p.m. And I kind of foresee another day like that today. So be watching for those alerts coming out. Get four free weeks, GundersenCapital.com. Talk to us about managing your portfolio at 855-611-BEST. 855-611-BEST. Have a great day, everybody.
SPEAKER 01 :
This show is not a solicitation to buy or sell any securities. Bill Gunderson or clients of Gunderson Capital Management may have long or short positions in stocks mentioned during the show. Past performance is not indicative of future performance. Gunderson Capital Management is a fee-based registered investment advisory firm. All accounts are held at Charles Schwab. Schwab is a member of SIBC and FINRA.
