In today’s episode, Bill Gundersen, alongside chartered financial analyst Barry Kite, delves into the complexities of the current stock market environment. The discussion focuses on the effects of economic policies such as tariffs on market stability, revealing green shoots of recovery amid volatility. Tune in for a thorough analysis of leading stocks, including the potential rebound of tech giants and intriguing insights into geopolitical maneuvers impacting the economic landscape. As Gundersen advises, patience and strategic planning are key in these uncertain times, offering listeners a well-rounded perspective on future market trajectories.
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 01 :
And welcome to today’s Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management. I’m here with Barry Kider, chartered financial analyst. A little bit of fresh air in the market today. A few green shoots showing up. particularly in the nasdaq which has now gone through a 13.5 percent correction from the top it took uh three weeks the uh nasdaq today is up 270 points 1.6 percent and just as i’ve been saying it’s going to be all the usual suspects eventually that lead the market back it’s going to be uh Netflix, it’s going to be Meta. It’s going to be possibly NVIDIA. It’s going to be Palantir, et cetera, et cetera. The Dow, on the other hand, is down 100 points as it is well below its 200-day moving average. And I saw several Dow components go well below their 200-day yesterday, such as Home Depot. And what was the other one? Oh, Disney. Disney looked horrible yesterday. S&P 500 up 38 points right now. It’s at 5610. The small caps are up a half a percent, a little bit of risk on. There’s been some good news since we spoke last, yesterday morning. And as I look around at the treasuries, we’ve got a pretty big jump in the 10-year today. Wow, what’s that all about? We had a soft inflation print. It’s only up three basis points, but it’s back up to 4.32%. And last but not least, Bitcoin is, let’s see, Bitcoin, there it is. Where’s Bitcoin? Where’s my Bitcoin?
SPEAKER 02 :
82,773, up 3.7% from, I don’t know when they track that. It’s traded 24 hours a day.
SPEAKER 01 :
Yeah. 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. Well, I see NVIDIA up 6.5% today. You would expect that to be one of the leaders when the market yesterday was day two, from my perspective, of a bottoming attempt in the NASDAQ. After a 13.5% from the top. Three weeks. That’s pretty quick and nasty. It was a nervous day yesterday. I saw many Dow components like Disney, Home Depot, etc. break below their 200 day moving averages. Over at the NASDAQ yesterday, I sent out several alerts during the day of stocks to keep an eye on because I think they’re going to be the ones that will lead the NASDAQ when it eventually puts in that bottom, which yesterday was day two attempt at a bottom. I saw some FOMO buying going on, fear of missing out. Trump sporting a brand new Tesla. Canada backs down on the electricity tariff, and Ukraine agrees to a one-month ceasefire. Now the ball is in Putin’s court, obviously. So anyways, a few green shoots yesterday, volatile session, a flurry of trade and diplomatic developments. It’s a roller coaster. The Band-Aid has been ripped off, and the wound is having treatment applied to it, and it’s going to take time. But, you know, you’ve got to say… Every time the trade talk amps up, you know, Trump yesterday amped up the tariffs on copper and steel, which is kind of the bread and butter of Canada. They immediately backed off of their. So, you know, I think we have a bigger stick, to be honest with you, a lot more leverage, Barry, than these Mexico and Canada have because they’re so dependent upon us. And you’d have to say that what he’s doing, even though it’s very, very volatile and creates a lot of disruption during the day, that’s what it’s going to take. It’s going to take a little bit of that. I had somebody arguing about the tariffs, you know, and I’m sure half the country doesn’t want tariffs and half the country believes in them. Probably tariffs are more like 60% are against them.
SPEAKER 02 :
Yeah, to me, tariffs will be inflationary no matter what. The consumer’s paying it or the company’s going to pay part of it. But long term, right, I think a lot of these tariffs, you know, likely may not stick over time. Of course, the China ones have been the ones that have been on since the first Trump administration. I think these other things, it gets worked out. It’s just that disruption along the way to do it.
SPEAKER 01 :
Yes, and it’s a tool that is not as nasty as missiles and other different kinds of very invasive types of pressure being put on countries. And the other thing, I don’t like the fact that the big trade imbalance impacts our GDP so much. We’re growing a lot faster than what is indicated through the GDP because of that huge trade gap that we have. And I see nothing wrong with narrowing the trade gap. And of course, in the process of narrowing the trade gap, you’re also going to increase manufacturing. and jobs growth in the U.S. Now, I can’t see us making little trinkets, you know, that they’re selling on Timu for pennies on the dollar, but, you know, good solid types of manufacturing that probably should have never left the U.S., And has left a lot of the Rust Belt, you know, as ghost towns. I think that’s what eats at Trump of what America once was and what it is today. The inflation is showing slowing, 0.2. I think that’s helping the market today a little bit, along with more FOMO, fear of missing out trade. I see a big bounce in the nuclear stocks here today. I think, you know, I don’t want to get any radiation poisoning. Let’s let those things settle out a little bit. I don’t think those would be the first things I’d go back into either. I mentioned the ones earlier. I think it’s going to be the meta. I think it’s going to be Netflix. I think it’s going to be NVIDIA. I think it’s going to be Palantir. And a few others, Spotify.
SPEAKER 02 :
I saw your note this morning.
SPEAKER 01 :
Well, they were the leaders when all of this took place. I see no reason why they won’t be the leaders coming back. Airfares are dropping. That’s a good deal. Go take a nice flight. Got a little spring training left in Florida, a little spring training left in Arizona. Go get some nice desert air and a good dinner there at the Mission Restaurant in downtown Scottsdale. The checklist to determine future market direction. Okay, this comes from, let’s see, who put this out? This is their checklist. Here is a 10-point checklist to determine the future directory of the market. Let’s see. Let’s go through the checklist here. Growth and recession fears. Okay, we’ve got to overcome that. Unpredictable trade policy. Well, you know, eventually the market’s going to get used to it because you’re going to see these countries come around. like Canada and like Mexico, etc., the cuts to the government spending, which in the long run should make us a lot more sustainable, have a much more sustainable economy. Why just waste money? You know, I know of cases where people have gone through someone else’s expenses, for instance, and found money going out that shouldn’t be going out every month that they didn’t even know was going out, right?
SPEAKER 02 :
Well, the difference here is we’ve got money going out that we don’t have, right?
SPEAKER 01 :
Yeah, we’re borrowing the money.
SPEAKER 02 :
Yeah, it’s one thing if you’re… Yeah, you got some surplus cash, yeah, waste it on whatever. And it’s not going to America for the most part.
SPEAKER 01 :
It was going to other countries for goofy stuff. That’s just insanity.
SPEAKER 02 :
Well, number one, it’s not their money. It’s the people’s money. And also, we don’t have enough because we’re overspending. And then not only are we overspending, you’re wasting it at the same time. Yes, exactly.
SPEAKER 01 :
And the consumer spending, obviously, has softened just a little bit. You know, I think we had a pretty rough winter, to be honest. And I think that’s going to show up. That’s showing up in these retail sales. But we’re going to have looser regulations, which will stoke growth. Hopefully we’ll have lower inflation. I mean, today’s report was very good. We’ve definitely got lower interest rates right now.
SPEAKER 02 :
Something’s happened in the EV world because you’ve got Tesla up over 7%, Lucid up over 6%. I haven’t seen Lucid move that much in a long time.
SPEAKER 1 :
$2.22.
SPEAKER 01 :
Trump bought it. He didn’t even know. He got into that Tesla. He didn’t know what button to push. You could just tell that he’s never been in one before. He’s looking around like, you know, Where’s the stick shift on the steering wheel and all this kind of stuff, right? Yeah, for sure. And, of course, low unemployment numbers. So, you know, we’ve got a lot going for us. We just happen to be going through a long-term structural change to the U.S. economy. And, of course, his vision of structural change to the economy is, is at opposite ends of what Kamala Harris’ vision was, was to make it an opportunity economy and help the little guy start a business and whatnot. Trump’s got a different approach, and that’s what we’re going through right now. Okay, some green shoots being caused by some good news when we come back. And looking back here to the second quarter of today’s Best Docs Now show. Well, day three of a bottoming attempt by the NASDAQ. It’s wobbly, okay? It’s like day three after a severe bout of the flu, Barry. You know, you’re not quite ready for it. You’re not ready for prime time, right? All-you-can-eat buffet yet. And I am seeing right now, just on a micro scale here of the few stocks I’ve looked at, they’re selling into the rally. the stocks that are bouncing right now, there’s some selling of those stocks still. And until you exhaust that selling, you’re going to continue to have pressure. So don’t get too anxious here, okay? This is a time to be patient in the market. Some of the good news yesterday, the market started to perk up late yesterday in the trading around 2 p.m. Eastern Standard Time when Ukraine accreted to a ceasefire, which is a major step forward. I mean, that’s basically what ended the meeting. in the Oval Office when he would not agree to a ceasefire and criticize the current administration for the ceasefire not going well under the previous administration. But now at least he’s agreed to a ceasefire, Zelensky. Russia has not agreed to it yet. But that is a green shoot. And also, I think that the mineral deal is still being worked out. And the big carrot that Trump gave to Zelensky was, well, we’ll restore military aid. You’ve got to give credit to the guy. He’s a negotiator. He withdrew all military aid and intelligence, okay? And within a few days, Zelensky comes around and says, well, okay, we’ll agree to a ceasefire. And he said, okay, well, we’ll restore the military aid… not until but after the ceasefire agreement. So that’s a green shoot. Trump halts the plan for 50% tariffs on Canadian steel and aluminum imports. That’s a green shoot. Doug Ford is in the middle of that. He’s the Ontario premier up there. He’s had some harsh words to say, but when he got hit with 50% tariffs on Canadian steel, and metals, he backed down from his 25% tariff on electricity, following discussions with U.S. Commerce Secretary Howard Lutnick, who was the former CEO of Cantor Fitzgerald. That’s a green shoot, okay? Canada is not digging their heels into the sand. They did not come back with Trump’s 50% tariff on their Canadian steel products. and other metals with something higher on this end. Instead, they backed off, okay? That’s a good green shoot there. Department of Education to be cut in half as the staff team, Trump team moves to dismantle the agency, okay? It’s a big shift. And, you know, I hear some people saying, Trump’s getting rid of education. No, he’s not. He’s sending it back to the states, okay? and let them compete one against another and see who can produce the best education and kind of getting the federal government out of it. And, of course, that’s Linda McMahon. Isn’t she Let’s Get Ready to Rumble world wrestling?
SPEAKER 02 :
She is the spouse of that.
SPEAKER 01 :
Now, the sad part of it is, look, half those people that work there at the Department of Education are getting a pink slip today. Clear out your office. And the eventual plan is to close down, shut down that thing entirely and send it back to the states. And I also saw Randy Weingarten’s response to all of this. I mean, she was basically hysterical, basically hysterical over it. So anyways… That’s more structural change. This is interesting here because, you know, there’s opposition against a lot of this stuff. And we don’t know what the blowback will be. But Trump plans to approve the construction of the Constitution natural gas pipeline to help lower electricity costs for New Yorkers and New Englanders, which on the surface sounds like a good thing. But the CEO of Williams, the company behind the project, said, we’re not going forward until you get the governors on board, okay? Hochul in New York, and I can’t think of the one in Massachusetts right now, but they’re going to fight it. And Williams says, we’re not spending another nickel until you get the governors on board. Which I don’t know, but Williams is benefiting from a surge in natural gas demand to supply power plants for data centers and electricity use. And the Williams CEO says, we have so much demand for gas in the south and so many more projects, why are we going to stick our neck out and try to invest in the northeast, said the CEO. Musk, well, I’ll tell you why Tesla’s up today. You know, Musk had to do something. His stock was in a free fall. It was under attack. I mean, it’s been disconnected from reality and fundamentals because he’s not a very popular guy in many places around the world anymore. Here’s what Musk did today. You know how he loves to chase out the short sellers. Number one, he delivers a Tesla, and he’s there with Trump when Trump gets in it and everything. And, hey, let’s go take a test drive and all this and that. Musk pledges to double Tesla’s U.S. production amid support for Trump. Now the question is, is there demand for, if he were to double production of Teslas here in America, is there support from consumers here?
SPEAKER 02 :
on that but i have to believe that that’s chasing out some of these uh short sellers right now tesla would tesla be one of the first ones i’d go back into no i mean do you think if they i mean to me to to bring the demand right i mean because frankly i mean the demand’s not there right no not right now the i mean the market is is saturated and if you want an electric car you probably have one and as you’ve mentioned before if you want to sell your electric car you’re going to take a big hit at this point and so yeah I guess if they can get production costs down and you can get the price down and produce twice as much, that could potentially meet some demand. Or at least they’ll end up being autonomous vehicles.
SPEAKER 01 :
Yeah, I think Tesla’s got to make a breakthrough with the $30,000, $40,000 offering like China has. and come up with a much smaller affordable Tesla. And then, of course, you have to keep working on that infrastructure, which scares a lot of people off from getting an electric car. Palantir teases the upcoming March 13th announcement on X. Okay, so we know that X took a heavy hit. It was down, it was under siege, it was under attack, which is evidence that Tesla stock isn’t trading on fundamentals. The short sellers and whoever they are, wherever they come from, are ganging up against Tesla. And the evidence of that is they’re ganging up on his other business, which isn’t even publicly traded, but trying to take X down. And would Palantir be one of the first stocks I’d go back into? Yes, absolutely, 100%. It’s up 5.6% today. It’s back to about where I sold it. But they are teasing some kind of March 13th announcement on X. And there’s also a big thing coming up that could impact NVIDIA to the upside next week. 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. I put several hours of research in during the wee hours of the morning each day to bring you the very best cutting-edge stories that I can. To get two free weeks of my newsletter, go to GundersonCapital.com. To talk to us about our fee-based only money management services… Call us at 855-611-BEST. Now, back to the second half of the show.
SPEAKER 07 :
And welcome back here to the second half of today’s Best Docs Now show.
SPEAKER 01 :
Well, next week is the GTC Conference. in the Bay Area, I believe that is, and NVIDIA is set to host its annual conference. That’s for developers and, you know, the people that are involved in the industry and Wedbush. Now, I don’t know what the GTC stands for. It’s good till cancel in our parlance, right? In our world, yeah. When you put in a limit order, good till cancel. I don’t know what GTC stands for.
SPEAKER 02 :
Yeah, it’s a global, I mean, basically it’s just a global artificial intelligence conference.
SPEAKER 01 :
Global tech conference.
SPEAKER 02 :
Yeah, so we’re, you know, with the focus on AI. So I’ve heard, you know, a couple of analysts talk about this potentially being a catalyst, right, to push NVIDIA back. I will say when I looked at the forward PE ratio today, I almost fell out of my seat. It’s 24. Yes. 24 forward PE ratio, which… For a company that has the demand that it has, it seems pretty palatable.
SPEAKER 01 :
I think the problem is I saw that Google today announced, similar to DeepSeek and the other one, there’s now three in China, major players. They’re able to do AI with a lot less of the processors, of the NVIDIA processors. I think that’s one of the problems that NVIDIA has. It is cheap, yes. And I also saw that AMD kind of took a bite out of their hide in the, I don’t know what percent of business their graphics cards are anymore. But Wedbush is known for hyperbole. They say that this will be a turning point for the industry. the things that come out of this conference. So, you know, if you’re looking for a bottom in some of these AI tech stocks, that’s a possible thing. It will be next week. And, of course, tech stocks have been under pressure.
SPEAKER 02 :
I’ll tell you, the shocking chart when you look at AMD, Bill. Horrible. But just if you have right now, if you look at the one year, I mean, it was basically started at 200 and it’s at 98. So that’s down 50.4% in the last 12 months. That’s pretty amazing, by the way.
SPEAKER 01 :
So anyway, Jensen Wang is expected to give the keynote address on March 18th at 1 p.m. Make sure you put that on your calendar because there will be some activity. Now, interactive brokers, you say, well, which stocks, Gunderson, should we be looking at? I have a list of 100 right now. And I’ve gone through the first 25 here this morning, and I’ve gone, eh, on all of them because I’m seeing selling into these rallies, okay? It’s just the opposite, okay? We had a market where every pullback was being bought. Every pullback, every time Palantir pulled back, every time NVIDIA pulled back, it was bought. Now you’ve got the opposite going on where every rally attempt is being sold off because there’s still people saying, I wish I would have sold. I wanted to get out. Now I’ve got a chance to get out. You’ve got to exhaust all of that. And eventually that greed becomes the dominant force. We’re seeing FOMO right now, which comes before greed. FOMO is fear of missing out. They want to get it at the bottom, right at the bottom. That’s why getting it while it’s plunging, they call that the falling knife, you’re taking a big risk. Me, I can just go back to January of 2023 and I saw the NASDAQ bottom for like the third or fourth time. That bottom took months to put in. It went from October to January before that bottom was finally in. I don’t think it’s going to take that long this time at all because it happened so swiftly and it wasn’t as deserved as the one back in 2023. The market deserved what it got in 2022 because you had the Fed raising hiking interest rates on a very aggressive pace. And so you’re going to really shrink that multiple. And then when they were about done, the market starts looking ahead. NASDAQ puts in a bottom. It took several months. I think this is going to take more like, you know, a few weeks maybe. Maybe it’ll even be quicker than that because it was so swift. But the biggest traded stocks at Interactive Brokers, and this will give you some kind of clue as to the stocks that they’re going to pile into at some point in time once again, NVIDIA’s number one. Tesla’s number two, but I think that includes the short interest. Tesla, to me, I don’t like the fundamentals on Tesla. Palantir’s number three, it has strong fundamentals. TQQQ, which you went to New York on, you celebrated. How many candles did you blow out?
SPEAKER 1 :
15.
SPEAKER 02 :
15 candles. 15 years for the largest, well, at the time it was the largest levered GTF.
SPEAKER 01 :
Triple the NASDAQ. Right. Wow. TQQQ. And, of course, MicroStrategy is always there because it’s such a pure play on Bitcoin. Then it’s QQQ. That’s just once the NASDAQ. Then it’s SPY. And then it’s Amazon, which has actually held up pretty well. during all of this we were never we never got rid of amazon it never broke below any important support levels uh… then you’ve got uh… long uh… leverage the the semiconductors and then you got smci is number ten that one just scares me i just you know there’s a lot of smoke there then you got broadcom which is not one of my favorites and we have meta which is one of my favorites these are the most traded stocks baba Then you’ve got TSLL, which I think is juiced, Tesla juiced to the upside. Then the opposite of TQQQ, Barry, is SQQQ, which is short the NASDAQ three times. Hey, what if you had put $100,000 into that 15 years ago? It would be worth about $1 today, right? Right. And then you’ve got Microsoft. Eh, you know what? I just don’t know about Microsoft anymore. Then you’ve got AMD. Then you’ve got Apple. I definitely don’t like Apple. Then you’ve got Intel. It looks horrible. Google looks horrible. NVIDIA juiced 2 to 1. That’s a… granite shares product and then you got hood i do like robin hood and then you got taiwan semi-conductor those are the top 25 spotify announces a record 10 billion dollars in royalty payments so every time bob dylan comes up In your playlist, or the Grateful Dead, or any one of the greats from the past, Neil Young, some of my favorites, Dr. John, they get a little piece of the action. You’re helping those artists, and now it’s like they’re grandkids. They’re so old now. Spotify announces a record $10 billion in royalty payments. I mean, you have a whole different model. Look at the radical change that took place in the recording industry where it went to Spotify. I remember the first shot across the bow was when they started… Napster. Napster.
SPEAKER 02 :
Yeah.
SPEAKER 01 :
Stealing the songs and selling them for free. And LimeWire was a nice one. And people building their inventory of music. I just have an all-you-can-eat subscription at… With Apple, you know, so that’s what I do. Google launches their AI model Gamma 3 that can run on one GPU. You see, there’s the problem with NVIDIA. The shot across the bow was DeepSeek. It rattled the AI industry. It’s never recovered from that. They’re able to do AI with fewer GPUs, which are the processing units. Okay, what else? HubSpot upgraded at Barclays. You know, I was looking at HubSpot. It’s taken a beating, just a beating. 881 down to 600 in three weeks. That’s one on my list. Okay, I don’t know. I mean, I’ve got about 100. I have a buying list, but it has to be right. You have to find the right circumstances, and selling into a rally is not good. HubSpot, for instance, was up about 10 points higher than where it is right now, and it’s fading. The rally is fading. But it was upgraded today. HubSpot is a competitor to Salesforce, which should be another one on your list. Salesforce is just barely up. But the thing I’m looking at is this is third day of a bottom-making attempt, okay? Bottom. You look at Salesforce, it was in a free fall. Oh my gosh, there’s no attempt at a bottom whatsoever. Panic selling for about three weeks, almost four weeks beginning in mid-February. Eventually that bottom comes to an end. The selling has exhausted itself. Everybody that wanted out has gotten out, and now it’s a much more orderly process. And you start building a bottom, technically. That’s why I look at these charts every day, so I know exactly where they’re at in their cycles.
SPEAKER 02 :
And that’s why you have the old adage that, you know, market goes up via escalator, right, and goes down via an elevator.
SPEAKER 01 :
Yep. And sometimes the elevator just is like plunges. That’s what we’ve had, just a plunging elevator. But eventually it hits the first floor again. And we’re seeing attempt at that. And that’s not to say it can’t plunge below these bottoming attempts. That’s what I’ve got to make sure of, that the bottom is actually in and it’s pretty firm foundation and not, you know, something that’s very shaky that could fall apart. And we go down another three floors into the basement. We’ll be right back. And welcome back here to the final segment of today’s Best Docs Now show. I know that list in Sarasota is filling up, and the time is getting close. We’re just a couple weeks out, less than two weeks out from heading down there. For two days, two full days of meeting with the folks. And Edie is making the list and checking it twice. You can reach her at 855-611-BEST to reserve a spot. 855-611-BEST. 6-11 best. She’s a magician with that calendar now. She’s good. I mean, it’s like it’s synchronized. She doesn’t even give me a lunch break, you know, like nothing. Eat some corn nuts, pal. Anyways, I want to look at the Dow first because I learn a lot. It’s very instructive. The Dow stocks still look horrible. I’m not talking tech. Let’s just separate those. Let’s call the Dow the Dow, even though in the Dow, the best-looking stocks today are the tech stocks of the Dow. Nvidia’s up 5.2% today. That’s a pretty good move. Salesforce is up 1.4%. Amazon’s up a skosh. But the low PE Dow stocks are still looking horrible. The Dow broke its 200-day moving average this week. And stocks like Verizon, McDonald’s, Procter & Gamble, Amgen, Johnson & Johnson, Pfizer, Coca-Cola still look awful. They haven’t even begun to start to put in a bottoming attempt yet. But on the other hand, it’s the tech stocks right now that are trying to put in a bottoming attempt. And after all, they have been hit the hardest. I see the same pattern as I look at the S&P 500, the constituents, the components of the S&P. Tesla’s up 6.6% today. But as I look at that chart, I don’t like it. I don’t like the fundamentals right now. And he can say he’s going to double production. You don’t do that overnight. That’s a long process to build plants. Yes, he can ramp up his current gigafactories, but is the demand there? Or does he have something up his sleeve like a… autonomous car or a cheaper car I was talking to someone the other night I got a lot of contacts that I talked to Barry you might know that I can go up and talk to just about anybody I was talking to a friend of mine who’s a oral surgeon Not about oral surgery, but he drives a Tesla around to his different locations. He works for corporate dentistry. And he said that he paid for that extra package. It’s $10,000 for the autonomous package. This was a while back. He says it just doesn’t work. And when you resell your car, that autonomous package is not worth anything, right? Because it doesn’t really work very well. so to double his uh you know production you got to have the demand there for those cars and tesla’s chart however is a good example this is day two three of a bottom attempt at a bottom but i can just say from my perspective that’s not the first stock i’d go back running into Even though Trump ran into one yesterday and took a seat in his brand new shiny red Tesla, which he wrote a check right there on the spot for it. I don’t know if he got a deal or not. He didn’t even negotiate. He just wrote the check. Okay, number two in the S&P 500 is NVIDIA. That’s a much better chart than Tesla and much better fundamentals than Tesla. NVIDIA went from 153 down to 108 or so, and now it’s back to 115. That’s much more of a constructive chart. It’s still in a downtrend, however. If you connect the bottoms there, it’s in a downtrend. If you connect the tops, it’s in a downtrend. But it’s making an attempt. at a bottom in the 105 area, and it’s bouncing off of that. And there’s some selling going on in this rally that it’s attempting. That’s a perfect example of what I’m talking about. Palantir has a very constructive chart here, but I don’t like to see this selling into this little rally that it’s had. It’s still up 4.7% today, and who knows, it may come storming back. The buying may start to, sometimes late in the day, you’ll see the buying either pick up, Or the selling will pick up. I don’t like it right now. On the downside, man, the airlines, they just have gotten hammered. I’m not a fan of the airline stocks. But it’s not a good sign to see. Look at, if you want an ugly chart, ugly sweater chart, Delta, D-A-L. You know, America’s one of America’s top airlines. Many of us fly Delta. We’ll be flying Delta, I’m sure, down to the Sarasota area. Delta is in a free fall, okay? That’s what a free fall chart looks like. Let’s look at Verizon. Verizon is in a free fall. There’s still a lot of these big Dow stocks that just do not look good right now. And last but not least, let’s take a look at the NASDAQ here. This is where we’re more than likely going to find our first stocks to go back into. Micron is up 5.8%. That’s a very, very flat chart, however, for the last year. Not one of my favorite stocks. Intel up 3.7%. Definitely not one of my favorite stocks. Now here’s one I do like, and it is on my list of potential buys. Cadence Design Systems CDNS looks a little bit interesting trying to put in a bottom. They design automation software and related hardware for the electronics companies in circuit design. Synopsys is a very similar company to trying to put in a bottom. Meta also, very constructive. That to me looks like that bottom is being put in place there in Meta, which I consider to be the best stock in the so-called Fabulous 7. So there we are. There’s where we’re at right now. And I’ve got my list. I’m checking it twice. And you will receive alerts if you’re in my four-week trial or if you’re a subscriber when I feel pretty good about things here and there. You know, I’m very systematic and I pick off one at a time here or there. All right, if you’d like to get a four-week trial, go to GundersenCapital.com. If you’d like to make an appointment with us, 855-611-BEST. 855-611-BEST. I think you find during times like this who’s proactive and who’s not active at all. And I’m just going to say most of those big wire house firms, their mantra is stay the course. Blah, blah, blah. And, you know, I’ve seen them write it down 40, 50% at times when the market, like in 2008, 2009, when the S&P went down 53%. 855-611-BEST or GundersenCapital.com. Have a great day, everybody.
SPEAKER 04 :
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.
