KLZ 560 AM DENVER'S CONSERVATIVE HOME STATION
Menu
SPEAKER 02 :
He’s been seen on CNBC, the Fox News Channel, and the Fox Business Channel. His articles can be found on MarketWatch, Seeking Alpha, TheStreet.com, and many other places. He’s the author of the weekly Best Stocks Now newsletter and the inventor of the Best Stocks Now app. He’s president of Gunderson Capital Management. Here is professional money manager Bill Gunderson.
SPEAKER 05 :
And welcome to the Wednesday, the midweek version of the Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management. I’m here with Barry Keiter, chartered financial analyst. And it looks like the market’s a little underwhelmed by the deal struck in London yesterday between the U.S. and China. The Dow is up a little bit, 13 basis points right now. to 42,922, but it’s not too far from its all-time high. Let’s not forget that. Let’s go back and think where we were in March of this year when all of this began. We have the S&P up six points. It’s at 6,045. The NASDAQ’s up 34, closing in on 20,000. A lot of news on NVIDIA today and some more nuke news, some cloud news, etc. The NASDAQ’s at 19,749. The bond market’s a little quiet today. We got a good CPI number this morning, and that’s keeping interest rates tamped down. They’re at 4.47%. is where the 10-year is right now, 4.47%. Gold is up a little bit, 32 basis points. And Bitcoin, which is closing in on an all-time high again, is up $598. And Bitcoin is at $109. 789 109 789 and of course the all-time highs right around 111 000 so welcome to today’s best stocks now show with professional money manager bill gunderson president of gunderson capital management and i’m here with barry kite our chartered financial analyst and uh Despite it being kind of a slow time of year, there’s a couple of big stories out there today. One occurred right before the open of the market, and the other one occurred… Yeah, both of them did, really, because the futures were down. All of a sudden, they turned their way upwards. And we’ll get to that in a bit. Let’s just pick up where we left off yesterday. The Dow was up 105 points yesterday. The NASDAQ was up 124. S&P was up 38. That was yesterday. And we’re tacking on a little bit more today. And the big news is, I’m going to say right now, the big news is out of London. They’re done. For now. Yeah, done. They’re done. I don’t think they’re going to get any more than what they’ve gotten done. On the one hand, Lutnick said that they were very pleased with the progress, that they got a lot done, blah, blah, blah. But at the end, I mean, I don’t see a lot of details there. And Besson has left town. He’s in Washington, D.C. today to testify. I didn’t see any change to the 30% tariff on China goods unless I’m missing something. I haven’t really seen the details yet. But apparently China has loosened up somewhat on the rare earth deliveries. And we’ve loosened up a little bit on the chips, the high-tech chips. for them and it couldn’t be too big of a deal i think rare is probably the biggest part of it all because the rarer stocks are down today nvidia would be really taken off if if all of a sudden the chinese market was open to them it’s not but there is a lot of news out of nvidia today so You know, I just don’t know. At least we’ve turned the corner from it was spiraling downwards, Barry. You know how that goes. Sometimes things spiral downwards, and we stopped that, at least the bleeding.
SPEAKER 07 :
Well, and last week, remember, we had Trump and Xi actually talking on the phone, and then, of course, we’ve got the London meetings, and it kind of sounds like, I think the market’s trying to interpret it, is this kind of me and we’re back on track, kind of where we were after, remember, the Geneva discussion, what, a couple weeks ago? A few weeks ago, so… It’ll just be, you know, these things take, you know, saw some numbers in terms of how long it took, I think, for the first Trump kind of China deal to take to actually take hold. I mean, I think they started in negotiating in 2018. And I saw something where maybe things were wrapped up at 2020 or so. These things take a long time and there’s a lot of different aspects. But good news is they’re talking and, you know, the rhetoric certainly is toned down. versus what we kind of saw at the beginning of the tariff tantrum.
SPEAKER 05 :
The trade talks have taken on the same tone as the Trump and Musk talks, right?
SPEAKER 06 :
Yeah, and he actually apologized kind of today. It seemed like, to me, a bit of an apology.
SPEAKER 05 :
He went overboard. He went too far. Yeah, well, you know, films of Trump with Epstein, that’s kind of inflammatory. I would say it went a little too far. But, you know, I have not seen… What I want to know more than anything, is there still a 30%… tariff on goods coming out of China.
SPEAKER 07 :
I thought the number that I saw from this morning from Trump was he mentioned it was 55%. No, that can’t be right. I think that’s where we’re at. It doesn’t mean there may be none at the moment, but I think when it comes back in, I thought I mentioned 55%.
SPEAKER 05 :
During the break, I want you to dig into that and see if you can find anything on that because we were at 30%. I read that letter a while back from a model train importer, a very high-end model train importer, talking about, hey, you know, we’re paying 30% more to bring these trains in, and we’re going to have to pass that along to the customer, and we’re in no position to start manufacturing this stuff in the U.S. So that’s my biggest question right now that I need to find an answer to is, are we still at 30%? That’s where we left off. Now, the other big news today, and I hope Jerome Powell is reading the newspaper today, and I hope Jerome Powell has seen all the rate cuts that Europe has done, New Zealand, Australia. Tanzania, Mozambique. I mean, everybody’s cutting interest rates, Jerome, except us. So I’m a little sour on that. I think he’s being hard-headed because of the rift between him and Trump. And, you know, I mean, look, it’s benign. Inflation is basically gone for now. It’s moved on. It came and it went, kind of like COVID or whatever. The May consumer price index is just 0.1%. Means that we’re down to 2.4 now on an annual basis, which is basically the Fed’s target price. We’re there. And we’ve been there for several months. And when you’re going to wake up, smell the coffee and say, hey, man. It’s time for a rate cut here in the U.S. We’re too high. We’re too high. You still have mortgages up around six and a half to seven.
SPEAKER 07 :
Mortgages, the long end to me is certainly the place where you’ve got to fix something just because you really can’t do anything.
SPEAKER 05 :
Home sales have come to a grinding halt. Yeah. Refinancing, I did see there was a jump in mortgages last week. That’s because really you don’t have any other choice but to take the 6.5%. So that’s just where I’m coming from. Airfares fall once again. That helped inflation. You know, they reach a tipping point where, you know, you can raise airfare so much and then people will stop booking tickets. And I think the airlines got to that point. You’ve got cheap fuel right now with the oil at $66 per barrel. So they were able to lower prices. Yeah, what were the two biggest things in the CPI?
SPEAKER 07 :
Yeah, two biggest ones that helped keep it lower, energy. Energy and commodities was down 2.4%. Energy as a whole down 1%. Gasoline down 2.6%. And when you look at the adjusted for the whole year, those are two huge items. I mean, Gasoline down 12% in the last 12 months. Energy commodities down 11.6%. The energy sector down 3.5%. Shelter has been the sticky one, as you mentioned, in terms of home costs. Yeah, the stones, of course, 0.3% just for the month of May. That and medical care was up 0.6%.
SPEAKER 05 :
Well, we’ve got a tight housing market because of the stupid high rates on a mortgage. Well, maybe with the energy prices where they’re at right now, I’ll celebrate and go fuel up, top off my tank in my boat. and get out there fishing here locally. I’ve only fished in California so far this year, and I’m one for one there, so hopefully we’ll get out here. Now, Barry, what line do you fly to Bahamas? I see this silver. airlines which kind of down out of florida said no more we’re done yeah and and some of those are you know some of those are kind of those very small you know carriers and you know kind of one or two route carriers but i think we took american there if i’m not okay all right because the florida-based silver silver airway shut down all operations and they kind of specialized in going to the caribbean and the bahamas so if you booked a ticket there you’re you’re out of luck we’ll be right back And welcome back here to the Best Docs Now show. I don’t see anywhere where that tariff was lowered. From all I can tell, it’s still at 30%. So, I mean, what progress was made? I don’t know. I mean, obviously, the sticking points when they met in Geneva were two things. It was the rare earth. So, obviously, they came to an agreement on that. So I suppose that is a big positive. And, of course, the high-tech chips came to some kind of agreement on that. But the tariff, as far as I can tell, on China goods still remains at 30%.
SPEAKER 07 :
Yeah, what I see, at least in the story, and these stories change all the time, from what I see, it says Trump said the deal would see China maintain its current 10% tariffs on goods imported from the U.S., while the U.S. would keep 55% tariffs on Chinese imports.
SPEAKER 05 :
Yeah, I see 30%. Yeah, 55%. That seems really weird. In a way, I think Trump likes collecting the tariff money and bragging about that he’s taken in billions and billions of dollars from China, when in essence it’s really coming from us as a tax, unless the manufacturers eat some of it. Now, there was a study done that we cited a while back that Besant cited that when they’ve studied tariffs in the past, It came down to the consumer paid very little. But when you’re talking 30% and 55%, there’s going to be a lot paid by the consumer. That’s a tax.
SPEAKER 07 :
Well, and when you’re talking about 55% of a very low-margin item, right? I mean, think of these with the fast fashion business, right, where you get an order address, $12, right? It shows up at your house two days later. That $12 dress, there’s not that much margin there, particularly when you had to ship it. And then they return it, because it doesn’t fit. And so when you think about it, there’s only one way for that price to go, regardless.
SPEAKER 05 :
And I think, too, he’s sending a little bit of a message, too, that he really wants us buying things. built in america and you know look if you want to be in the model train business bachman and lionel and uh and and some of the others start building in america but that’s you know harder said than done so i’m a little disappointed uh that uh the tariff there was no tariff relief there And I also think that he wants us to pay the price a little bit for doing business with China. I think there’s more to it than just what meets the eye. I think there’s some of Trump’s beliefs in there that are part of the equation. All right, now, so, yeah, Besson, he’s home. He’s tested. That’s the busiest man in the Cabinet. I mean, he’s been to Geneva. He’s been to China.
SPEAKER 07 :
This isn’t even his first time in front of Congress.
SPEAKER 05 :
He’s been to London.
SPEAKER 07 :
He’s already been in front of Congress at least once. That doesn’t include the confirmation hearings.
SPEAKER 05 :
Yeah, so the busiest guy. No wonder we don’t see him in Charleston anymore. Last time he was seen was at Hall’s Chop House. That was about two months ago on King Street in downtown. One of the best steakhouses in America, I might say. They don’t need the advertising, believe me. It’s hard enough to get into the place. But you will be greeted at the door by one of the owners, and he guards that door. And when you leave, he says, thanks for coming and make sure you’re happy. And if he misses you, if you sneak out, he chases you down the street to say, we’re happy you came. So anyways, that’s service.
SPEAKER 07 :
I need those little candies.
SPEAKER 05 :
Yeah, the little candies that they throw in at the end after a $92 New York steak. Okay, now, so, yeah, the futures were down, and then we got the CPI. Elon Musk regrets some of his posts about Donald Trump, says he went too far. And, of course, Elon’s got a big date coming up. June 22nd, I believe, is when he hits the streets running in Austin with his robo-taxi. Now, I saw the Waymos. They seem to be miles ahead of him, at least as far as logging miles and having experience on the ground in one of the toughest cities to navigate in America, downtown San Francisco. And I’ve seen them. They seem to be pretty flawless from what I could tell. So anyways, we’re going to have to see. I don’t know if we’ve even seen his prototype yet. I’d have to look into that. But we will know on June 22nd when he unveils his RoboTaxi. And, of course, a lot of people looking at Tesla stock are looking at that as a big catalyst. At the same time, his making up with Trump has helped the stock a lot. Tesla got down. And, you know, like I say, if I’m a shareholder, I’m kind of mad that he would take on, whether you like Trump or not, he’s the most powerful man in the world. Him and Xi and Putin, they’re the big three. But the U.S., obviously. The dominant leader in the world. Tesla is back to 333. It hit 273 five days ago. It’s up $60.
SPEAKER 07 :
What kind of chart formation do you call it? What’s that chart formation? That’s an interesting one.
SPEAKER 05 :
That’s a good one. That’s a V recovery. Definitely a V. And it definitely is back in an uptrend. See, if you connect the bottoms there from April to today, that’s a nice uptrend.
SPEAKER 07 :
You’ve got a bumpy cup and handle there, it looks like.
SPEAKER 05 :
But, you know, like I say. Charts, your typical chart analysis kind of goes out the window when it’s on breaking news.
SPEAKER 07 :
Well, and that’s right. I think you mentioned that actually in one of your notes here a couple of days ago, and I actually kind of remember seeing it and just kind of,
SPEAKER 05 :
triggered uh in my head yeah when you have a news news driven market i mean anything can happen well you know that next dot could be anywhere the s&p and the nasdaq both have uh death crosses right now with the 50-day crossing below the 200 that’s usually a pretty hard sell signal But given the fact that it’s all just breaking news driven and the fundamentals of the market remain good for now, you kind of have to just close a blind eye to that death cross in both the Dow, the NASDAQ, and the S&P are all under death cross. And that’s probably where you read it in the newsletter. I said, just ignore it. Because it’s one of those extraordinary circumstances like COVID. You know, the big trade war, which is kind of being worked out right now, is going to, you know, fix itself. And it is fixing and righting itself now. And the market is following right behind it. Okay, now, the big news in the nuke sector today is one of our holdings. which I’ve mentioned many times. And I know what to call that chart, TLN, Barry. You take a look. You’re taking a charting. You’re getting certified.
SPEAKER 07 :
Yeah, taking that tomorrow. So basically I’m seeing patterns out of all kinds of charts right now.
SPEAKER 05 :
Yeah, you know what? I got my certification from the University of COHK, on technical analysis that’s the college of hard knocks you know that’s how i’ve gotten my education 30 years of looking at charts every single day when we come back i’m going to tell you what’s one of the best charts in the entire market and it has big news today 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 04 :
And welcome back here to the second half of today’s Best Docs Now show. Well, it was not that long ago.
SPEAKER 05 :
Maybe a year or so that Microsoft signed a deal with Constellation Energy, which is the Three Mile Island, Baltimore area, for, you know, they wanted insurance. They wanted to buy energy and make sure they had plenty. for their data centers, and they made a deal. It was the first time. A private company making a deal with a public company, a utility for energy, number one.
SPEAKER 07 :
number two uh we had another deal i believe it was facebook right facebook made a deal yeah just recently meta made one with uh constellation energy and that was the i think that was the quote-unquote first one of a working power plant because i think what microsoft remember they were going to work to refire what three mile island and then what to Today’s involves, obviously, another big player in the space, Amazon.
SPEAKER 05 :
Well, and Talon, yeah, Amazon, which probably uses more energy than any of the others combined, they make a deal with Talon Energy, which we own in our ultra-growth portfolio. And it was up 9.7, but look at that chart. Okay, that’s a number two chart. breakout uptrend that’s my terminology i keep it simple one is sideways two is up three is leveling off and four four is a down trend okay and the talon energy breaking out to a new all-time high talon has an interesting past i mean they filed for bankruptcy they were spun off i believe from constellation energy they brought him back as a public company They’re mostly in the Mid-Atlantic, Montana, and New England. That’s an interesting mix.
SPEAKER 07 :
The CFOs and lawyers have been busy with those transactions.
SPEAKER 05 :
And in the meantime, it’s headquartered in Houston, of all places. So Houston, we don’t have a problem today. Talon is up big on signing a deal with Amazon. So nukes are in play. If you look at the Best Stocks Now app and pull up the ranking of sectors, the sector rankings, there’s about 70. And you will see that the nuclear sector, which is a new sector, I mean, it’s maybe only been out for a year where they’ve actually segregated out companies that are heavily weighted towards nuclear. And there you go. I mean, big deal. And we do own Talon, T-L-N, in our Ultra Growth Portfolio. It’s not a dividend payer. Like most, it’s a growth utility, a growth utility. You can own Duke. You can own Southern. You can own some of the other utilities, and you’re buying them for a 4% or 5% dividend along with a bunch of risk if there’s ever a fire or a mess up.
SPEAKER 07 :
That’s the problem with energy, you know, just in terms of the old adage of it being, you know, kind of a safe play in the energy space. Obviously, the P-E ratios have gotten bigger with names in the nuclear space. But, yeah, I mean, a lot of those utility companies, I mean, you know, given what happened to what – Enron. P&G.
SPEAKER 06 :
PCG.
SPEAKER 07 :
Yeah, and then, of course, the Hawaiian one that had issues.
SPEAKER 05 :
Yeah. A lot of risk. Of course, there’s risk with nuclear, too, but hopefully we’ve learned how to mitigate that risk. Now, the other one in Europe, Rolls-Royce nuclear business could reach $10 billion, says Morgan Stanley. I can’t believe Morgan Stanley is actually out there on a cutting-edge trend, which we talked about yesterday. The U.K. government’s selection of Rolls-Royce to develop the country’s first small modular reactors, may lead to a nuclear business worth $10 billion. And, of course, you have to buy that. It’s a pink-cheeked stock, R-Y-C-E-Y, R-Y-C-E-Y. And that’s still out there. Now, remember, those are five years out still. That’s one of the issues you have. But two big stories. Again, it seems like every day there’s news coming out of the nuclear sector. Okay, U.S. to avoid recession, even after Terrify. That’s according to Wells Fargo. But you know who’s really an eternal pessimist? It’s Jamie Dimon. Is he a pessimist or what?
SPEAKER 07 :
I used to see him more as a realist, kind of as a banker, right, previously. But over the last year and a half, two years… And heck, maybe he’s seen a lot of stuff. Maybe he knows stuff we don’t know. But he does seem pretty pessimistic for a while. He’s been wrong.
SPEAKER 05 :
He says that the U.S. economic numbers will deteriorate soon. Chance that the U.S. economic numbers… I mean, he’s been saying that now for a long, long time. Maybe it’s just the nature of the beast. When you’ve got all those loans out there and worried about getting paid, repaid, maybe you just by nature…
SPEAKER 07 :
a pessimist or a worrier yeah i mean you know the other side is right is a lot of times you’re talking your book and i guess you know in terms of you know if you have worry there right then that would can lead to lower interest rates which you know banks um you know benefit from that you know so it’s always hard to kind of tell the dynamics if it’s You know, when you get a bond person, right, who’s only talking about, you know, gloom and doom, well, obviously they like gloom and doom because that leads to lower future interest rates. But, yeah, he’s, I don’t know, his worldview just kind of has seemed more and more pessimistic over time. I don’t know.
SPEAKER 05 :
Now, I don’t know if this is a result of Trump. I don’t know if General Motors would have been doing this anyways, but they’re going to park $4 billion in U.S. manufacturing over the next two years. And we’ll be in Detroit in about five, six weeks, something like that. I don’t have the date in front of me. And we’ll get updates from boots on the ground. A lot of the people we meet with up there are involved in that auto industry in one way or another.
SPEAKER 07 :
Tied in some form or fashion, yeah, right.
SPEAKER 05 :
And they’re also going to build plants in Kansas and in Tennessee. Well, that’s better than Juarez, Mexico, I suppose, or Matamoros or Monterey or wherever. But that’s a lot of money, $4 billion in U.S. plants coming to America. Now, lots of news on NVIDIA today. I mean, are they just booming? He’s in Paris at the Paris Air Show. He was in London with just kind of a fly on the wall, I guess, at the trade talks with China. NVIDIA is going to build the world’s first industrial AI cloud in Europe with 10,000 GPUs. How much are each one of those GPUs?
SPEAKER 03 :
About $50,000.
SPEAKER 1 :
$50,000.
SPEAKER 05 :
Do the math. The Germany-based AI factory will feature 10,000 GPUs. You think Germany’s got the power to handle that? They’ve decommissioned all their coal plants. I think they’ve shut down their nukes. They’re depending on a Russian pipeline that’s leaking all over the place.
SPEAKER 07 :
France is probably about the, France is actually probably about the only one because they are, you know, kind of the, you know, I think they’re the largest exporting, you know, power company, power in the world. in the world, if I’m not mistaken. I know in Europe because they have tons of nuclear power. So they’re about the only ones that probably have the at least current base to kind of ramp this up. It’s going to be a big issue.
SPEAKER 05 :
You know, in the age of dealmakers that we live in right now, Wang is probably the biggest dealmaker out there. You know, at one time, I remember when Jobs was making deals all over the place, and Wang is definitely the guy that is making tons of deals all over the place. He’s collaborating with Siemens, which is a German company, S-I-E-G-Y, which also has nuclear exposure, to boost AI capabilities in manufacturing. Okay, AI and manufacturing, right? Let’s not forget. And remember when Besant was asked, do we have the labor force? If we’re going to build factories here in the U.S., do we have the labor force? He says, well, with the help of AI. We do have the labor force because these are now smart factories. This isn’t the Henry Ford assembly line these days. These are smart factories. So a lot of news on NVIDIA today and Supermicrocomputer. SM Supermicro expands its NVIDIA Blackwell-based AI solutions to Europe with 30 new offerings. Let’s see how SMCI is doing today. It’s up 1.5%. The attractiveness of SMCMI to me is a PE ratio of just 20 and a forward PE ratio of about 15, 14, 14 right now. I’ve been watching it. It’s a candidate for the Relative Value Fund, which is now about half invested, and it’s doing very well, by the way. I’ve got to put in a plug for that Relative Value Fund. It’s a good time to be shopping in that aisle of the supermarket. We’ll be right back. And welcome back here to the final segment of today’s Best Docs Now show. You know, the news just keeps coming out of NVIDIA. Number one. They’re going to build the world’s first industrial AI cloud in Europe with 10,000 GPUs. Okay, we did that story. Number two, NVIDIA and Siemens are going to expand collaboration to boost AI capabilities in manufacturing. And don’t forget, I mean, NVIDIA is the engine that drives AI. It’s the engine under the hood. The AI, you know, is the body of the car that’s beautiful and they got all the looks, you know, chat GPT. But underneath the engine of that, obviously the software, but driving it is those NVIDIA chips, which… No wonder it’s our largest position here at Gunderson Capital Management. No, our largest position is not Kimberly-Clark. It’s not Disney. It’s not IBM. It’s NVIDIA. Now, wait a minute. What else are they doing up to over there at NVIDIA? Novo Nordisk. That’s the GLP-1 drug. By the way, that stock’s doing quite well these days. We own it in our relative value portfolio. Taps NVIDIA to accelerate drug discovery. through AI. So you know, we think of AI as this big scary thing out there, but look at all of the different tentacles it has now. Cloud computing, data center, manufacturing, and now drug discovery. And of course, Novo Nordisk, one of the great drug companies, of course, out of Europe, out of the Netherlands. uh going to be a big part of that now let’s not forget i’ll tell you another couple of stocks underneath nvidia who has the equipment well who makes the chips who makes the nvidia chips let’s begin there taiwan semiconductor have you looked at that chart lately on tsm which is another one of our biggest holdings we don’t own intel Our biggest holding is not IBM. It’s not Merck. It’s not Pfizer. Look at Taiwan Semiconductor. Taiwan Semiconductor is breaking out today again up 4.9%. It’s one of our top 10 holdings, TSM. They make the equipment. You couldn’t make the chips. I mean, Taiwan makes the chips.
SPEAKER 07 :
They fab the chip. Yeah, right.
SPEAKER 05 :
And then underneath them is the equipment. And I’ve watched this stock. breaking out recently the netherlands stock we are back in asml holdings and uh it’s taken off fresh breakout uh so there really is your golden triangle right there nvidia Taiwan Semiconductor, and ASML. And on the outskirts of town would be Broadcom and Marvell. I mean, there is your chips. And I don’t know what the final deal was with China today. I guess we’ll get some information, more details, but I did not see a lowering of the tariffs, and I don’t know how far we’re going to go in giving China access to these high-speed. I guess the Blackwell is what it comes down to, and maybe some others, I don’t know, maybe some of the memory chips that make the high-speed memory and whatnot. So we’ll see. I’m sure details to follow. Now one other thing. that I found interesting. Wang is the one that killed the quantum computing sector. I know because we owned about three quantum stocks at the time when he said, oh, those things are 10 to 20 years out. Well, quantum stocks rose in pre-market and they’re doing well today as Jensen Wang makes some bullish comments on the industry and says it is now at an inflection point.
SPEAKER 07 :
Well, and he’s been investing in it, too. I mean, in terms of NVIDIA has been investing in quantum computing as well. So that’s a quick quantum turnaround, right?
SPEAKER 05 :
Yeah. So, you know, I’ll be looking at that again in the emerging growth portfolio. But, you know, the big one, I think the number one player there is… Rigetti? No, D-Wave. D-Wave. Q-B-T-S is number one. You’ve got Quantum Computing, which is Q-U-B-T, is right in there in the mix. You’ve got Arquette, Arquette Quantum. It’s missing a Q. I thought Qs have to have U’s after them. Arquette Quantum, A-R-Q-Q, and Rigetti. RGTI those are your players and then there is a quantum ETF if you want to have exposure to them all but who knows his comments may have may set this thing on fire now Barry if you didn’t get that Nintendo console they’ve sold 3.5 million units worldwide in the first four days since its launch This is the biggest launch of all time. It’s the fastest-selling console. I don’t know what it has in it, but all the latest bells and whistles, and I’m sure NVIDIA’s graphic cards are in it.
SPEAKER 02 :
What else is NVIDIA?
SPEAKER 05 :
What is NVIDIA not in? Right. What is it not in, right? I mean, the gaming market is a big market. And then, of course, we said Elon Musk, June 22nd target for robo-taxi launch in Austin. Bad news at Lockheed, Air Force slashes the F-35 request, signaling a budget shift for Lockheed’s flagship jet. That’s not good news at all for LMT. I’m not a fan of Lockheed Martin stock at all.
SPEAKER 07 :
Yeah, I mean, and that jet has had a, I mean, in terms of maintenance issues, there’s a lot of issues surrounding that. Remember, that’s the one that they lost, you know, that got lost around here.
SPEAKER 05 :
Yes.
SPEAKER 07 :
Not long ago, if I’m not mistaken.
SPEAKER 05 :
It flew right over our house here without a pilot.
SPEAKER 07 :
Essentially landed in a swamp, I think.
SPEAKER 05 :
Yeah, just north of us. It kept going until it ran out of gas. That’s a scary deal. The pilot ejected at the Air Force base as he was coming in for a landing, and the plane kept going. And it went maybe 100 miles north of here up in the Myrtle Beach area and landed. Luckily, they were interviewing some guy that was at home, and it landed right by his house. He said, man, I was going to the bathroom, and I heard kaboom. And he went running out of there. It was the funniest interview I ever saw. All right, we’re out of time. We’ll be headed for Lakewood Ranch Tuesday night. That’s filling up that workshop. You better call Edie at 855-611-BEST at the Even Hotel there in Lakewood Ranch. And also private meetings. It’s a rare opportunity. We’ll be in town Tuesday and Wednesday. uh you can book a meeting with us uh if your top holding is uh kimberly clark johnson and johnson ibm procter and gamble at t those are soggy stocks in my opinion they track in mud all over your portfolio set up an appointment with us eight five five six eleven best eight five five six eleven best get the four week trial You’ve got nothing to lose, GundersonCapital.com. Have a great day, everybody.
SPEAKER 01 :
This show is not a solicitation to buy or sell any securities. Bill Gunderson or clients of Gunderson Capital Management may have long or short positions in stocks mentioned during the show. Past performance is not indicative of future performance. Gunderson Capital Management is a fee-based registered investment advisory firm. All accounts are held at Charles Schwab. Schwab is a member of SIPC and FINRA.
