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. It is the Wednesday edition of the Best Docs Now show with professional Mike.
SPEAKER 05 :
Good morning and welcome to the Best Stocks Now show. I think we had a little, it seems we dropped Bill there, but we’re getting started this morning in terms of the futures we’re looking at. We had started out positive today, getting the information up here in front of me. But in terms of where we’re looking at market-wise, we’ve got some green still on the screen, barely, and we’ve got the Dow at 42,200 points. That’s up 70.17%. We’ve got the S&P up just four points. I guess kind of a ho-hum day at the moment in terms of volatility. We’ve got the NASDAQ up over 19,000 now. It seems I think last week we were… Pushing 18,000 and now we’re over that 19,000 range up 0.36%. The chips continue to get a bit of a certainly a kick in the pants and some tailwind from the phase one part of the China deal that Besant spoke with and doing some dealings over the weekend. But again, good morning. This is Barry Kite, planter and analyst here at Gunderson Capital. We’ve got Bill coming back here in just a moment. But in terms of the markets, we continue to have some green. Yesterday, another strong day. It was one of those interesting days where the day before on Monday, we’ve had a big move. But a lot of the chip names and magnificent seven names did not work. to participate there um of course yesterday we’ve we saw some of that participation we had uh nvidia which is um up today as well just on a you know kind of on a tear there um All right, and we got Bill popping in.
SPEAKER 03 :
I don’t know what’s going on today. Complete drop right at the beginning. Yeah, that’s always wonderful. Well, you know what? Monday was a huge day for the cyclicals. the industrials, the financials, a lot of stuff that we don’t have much exposure to. And the momentum stocks, the AI, the data center, the new sector, kind of got left behind. But yesterday… The industrials, the cyclicals, the financials had an okay day, but boy, I saw some huge momentum in AI especially. I know this deal with Saudi Arabia has helped a lot. uh the the stocks like nvidia i think the news that came out on smr which is small modular reactors was also big for the nuke sector the software stocks just absolutely blew up to the upside uh on uh yesterday and then of course today you’ve got some modest gains here and there but uh We might have to digest those big gains from Monday and Tuesday, especially in the NASDAQ. The NASDAQ’s up about 1,000 points in two days. And like I say, one day it was the financials and industrials and retail, and the next day it was the leadership momentum stocks that really joined in the fray. And I sent out a lot of charts yesterday, a lot of messages to the subscribers, our subscribers, showing them breakouts in NVIDIA, CoreWeave, Palantir, just across the board, all those data center stocks and all of the AI stocks. that were leading the market until Liberation Day. Really, it started to happen, though, before Liberation Day. But they took it on the chin for about a 20% to 25% sell-off when he started announcing the tariffs on Canada, Mexico, etc. And now they’re back in play. So go figure. And, of course, the Dow was down yesterday with UnitedHealthcare and the issues there. But the NASDAQ yesterday was up 300 points.
SPEAKER 05 :
Well, you just mentioned it. Through 19,000 already. We were just sitting at those a few days ago. A, we’re on the cusp of 18,000, and now we’ve just pushed through the 19,000 range.
SPEAKER 03 :
And the bad news is the P.E. ratios and forward P.E. ratios of the markets are now getting up there in the elevated range once again. And now that the S&P is closing in on 5,900, it’s hit almost everybody’s target prices out there for the year. And we’ve still got seven, six and a half months to go. We have the soft inflation report. It just seems like what Trump is doing, whether you like him or not, seems to be working. The results are there. Inflation has been coming down. Yes, it’s coming down around the world. I saw Germany was 2.1% today. But, you know, I mean, he entered in and he had the high egg prices seemed to be the biggest one that everybody was upset about. And everybody was talking about he had not done anything for inflation after he had only been the president for a week or two. But now, I mean, we’re starting to show up and it just could be the natural course that inflation takes. But somebody needs to get credit for inflation coming down. And that was a really good report. Very soft report yesterday on inflation. I saw a little thing today. The newest proverb on Wall Street is buy in May and feast away. which has kind of been the, there is no one set. Every year is different. And, you know, I mean, the hallmark of this year, the main theme in the market has been breaking news. So how can you ever have an old phrase from the stock trader’s almanac that works year after year? I remember the dogs of the Dow was a popular method of buying and selling stocks maybe 20 years ago where you bought the $5. biggest yields uh in the dow and held on to them and then every year you adjusted that and over time that had beat beaten the market quite handily because you were buying i guess mostly out of favor stocks because their dividend yields were essentially bottom feeding Yeah, but that hasn’t worked so well in recent years. So, you know, and the go away in May has not worked so well either. So I just think you have to take every year a little bit differently. And we’re going to get earnings from Cisco after the close today. Cisco is trying to become more of a AI, a quantum. They’re trying to get in on all of that. But, you know, it just seems to me that once you miss the boat, It’s pretty hard to catch up. IBM would be a good example of that. Hewlett Packard would be a good example of that. Dell would be a good example of that. Oracle, to some extent, would be a good example of that. It’s very hard to get onto that train. once the trains left the station. Tomorrow we’re going to get Walmart and Alibaba. And I would say this about the Chinese stocks. Most of those big Chinese stocks, and I think you have to look at China once again, now that this Phase 1 part of the deal is in, they’re trading at 8 to 10 times multiples right now. Alibaba, Baidu. Tencent Holdings, etc., those big tech China stocks where our tech stocks are trading at 30, 40 times earnings. I think there’s some value. And there are quite a few Chinese, big, big blue-chip Chinese stocks showing up in our value fund because they have relatively low PEs. In fact, I would say China is now the cheapest market in the world Because everybody deserted China there here in recent months with the ships plugged up at the ports. Last night I saw a big freighter leaving the port as I went over the Ravenal Bridge. It looked like it had unloaded its goods. I think it had been sitting there. And, of course, the deal happened on Sunday, really, was when it was announced. And you had the ship unloaded probably on Monday and was leaving the port Tuesday. And there were two other ships in our port. We’ll see. I’ll bet that traffic in the port really picks up here. Once again, so you’ve got boots on the ground here in Charleston watching the flow of ships coming in and out of one of the busiest harbors on the East Coast. Okay, interest rates still too high in my book. 4.5 on the 10-year, pushes the 30-year mortgage, 6.86. Applications are steady. Rates rise a little bit. But, you know, I’d like to see interest rates at least, especially on that 30-year, you know, down in the fives if that can happen. Rates just too high right now. We’ll be right back.
SPEAKER 07 :
They call me the breeze. I keep low and low.
SPEAKER 03 :
And welcome back here to the second quarter of today’s Best Docs Now show. Believe it or not, yesterday the market closed in positive territory for 2025 for the first time since the end of February, making an end to one of the most tumultuous periods in the S&P 500’s history. And, of course, they look at the first day of that tumultuous period as Liberation Day announcement by Donald Trump back, oh, that was, I can’t remember the date. April 2nd.
SPEAKER 01 :
Okay.
SPEAKER 03 :
The S&P was at 5,670 points on April 3rd. It started to sell off. We finally hit bottom after a 21% sell-off in the S&P 500. It got clear down to 4,835 on April 7th. My article came out on April the 9th. April 7th was a Friday. So my, let’s see, it would have came out on Monday or Tuesday morning saying that I think the tariffs are going to work. And, of course, that was the exact bottom of the market. And you’ve seen the markets rebounding since then. And yesterday, May 13th, so you had what? What is that? A wild ride of five weeks?
SPEAKER 05 :
Published April 8th at 5.34 a.m.
SPEAKER 03 :
There you go. Thank you, Seeking Alpha, for publishing that. And I do have a… A sequel to that article. Now that we’re back to where we began, where do we go from here? And what are some of the best stocks out there in the market right now? And we’re working on that article.
SPEAKER 05 :
Yeah, S&P up 13% since that day. Now, here’s the top 10 performers. They’re not, well, in the S&P 500. Number one.
SPEAKER 03 :
NRG Energy, which is on the periphery of the nuke sector. NRG is the symbol. It’s up 75.5% year-to-date. Wow. Now, if you remember, I was at the bell ringing of the NASDAQ closing the market. I can’t remember. It was early, early January. It was snowing. It was cold. And I said, my top pick for the year is Palantir. Palantir is the second best performer in the S&P 500 so far this year with a gain of 71% since the beginning of the year. Now, I would add a caveat to that. At this level, it’s not my favorite stock because the valuation is up in the cloud territory right now. PE is high. Very high. Right. Number three performer, believe it or not, is Uber, up 52.5% here today.
SPEAKER 05 :
It took me a long time to guess that one.
SPEAKER 03 :
Number four is one we own in our dividend portfolio, Howmatt Aerospace, up 45%. Number five, Mosaic. Here come the fertilizer stocks when you least expect them. Up 39%. I think that has a lot to do with Ukraine and Russia and, of course, the need for feeding our crops around the world so they can feed us. Number six, Philip Morris of all stocks, up 36.5% year-to-date. The worst performer, Moderna. That was the vaccine stock down 38.7%. Number two is UnitedHealthcare. I was about to say, they’ve got to be there somewhere. Wow. Over the last two days. Down 38.7%. And then there’s some, Decker’s is number three. Of course, the tariff scare took them down, but they’re coming back right now. I picked it up. We sold it for a big profit after owning it for a long time. I let it do its thing, sell off, and then I added it to the value fund because I thought on a relative value basis, it’s very low. Okay, Marko Kalanovich, our favorite guy, former J.P. Morgan strategist. I don’t know who he works for now. He’s calling, well, he’s in line with the late Charlie Munger. I think he used the same exact terminology for crypto. He calls it rat poison. Marko Kalanovic had strong words on Wednesday for those touting the global race for crypto supremacy as he continued to slam the asset class. Unfortunately, Marko Kalanovic has been wrong about 90% of the time. Eventually you’re going to hit one, you know, if you keep putting out ridiculous comments. But, you know, I’m not a big fan of crypto myself. I have my reservations about it. But he’s been very wrong over the years. He’s calling crypto rat poison. UnitedHealthcare approves a $1 million base salary for their new CEO, InStep’s Andrew Witte. No, that was the previous CEO. He resigned due to personal reasons. We don’t know what those personal reasons were. Maybe he’s getting threats on his life.
SPEAKER 04 :
I don’t know. I would think that’s got to be a tough PR-wise, right? It’s got to be a tough job.
SPEAKER 03 :
The new CEO, good luck to him, Stephen Hemsley, will receive an annual base salary of $1 million. And he’s 72 years old. Wow. He was previously the company’s chairman of the board and a former CEO. I’d like to see the guy from… Let’s see, from Aetna, and then he went to the one that Trump’s son-in-law has run. What’s the name of that insurer stock? I can’t think. Mario Bertone is the guy. Mario was the CEO of the company. I’d like to see him take over UnitedHealthcare. He’s a crackerjack CEO. But anyways, that’s where we stand right now with a very troubled company. Oscar Health is the stock I’m trying to think of. That’s where that guy went. And Oscar Health has been perking up here recently. That’s a very tough – that’s probably the worst-performing sector in the market. And, of course, UnitedHealthcare is a big player in that. I see Nucor. You know, Nucor was on the national news about two weeks ago or three weeks ago. I talked to some people at my church who work there. And yeah, J.D. Vance was there and Brett Baer was outside the gates of Nucor. and doing his broadcast from there. I see since then they’ve had a big cybersecurity incident. I don’t know if there’s any connection there. I’m sure there probably is. But anyways, they’re working to contain the incident. Now, Saudi Arabia. The number of artificial intelligence-focused deals signed yesterday between U.S. tech companies and Saudi Arabia is a bullish eye-opener for investors.
SPEAKER 05 :
A trillion dollars, right, basically.
SPEAKER 03 :
Unbelievable. And I saw it in the charts of the stocks that broke out, and I’m going to bring a few of those to your attention when we come back.
SPEAKER 06 :
This is Bill Gunderson.
SPEAKER 03 :
Thank you for tuning in to today’s Best Stocks Now, Best Inverse Funds Now show. I put several hours of research in during the wee hours of the morning each day to bring you the very best cutting edge stories that I can. To get two free weeks of my newsletter, go to GundersenCapital.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 08 :
And welcome back here to the second half of today’s Best Docs Now show. Let’s just take a little update look here at the markets after two big days. Well, let’s see.
SPEAKER 03 :
We’ve got the NASDAQ up 71, so we’ve lost some of our gains from this morning. It’s not unusual to see a little bit of a pause here after a 1,000-point day on the Dow Monday. Then the Dow was down yesterday because of UnitedHealthcare, but the NASDAQ has had two big days in a row. We now have the S&P 500 up just three points, so not a lot of news here. Yesterday, though, the breakouts, the ones that I want to point out here, the S&P 500 number one, that’s pretty much a V-shaped recovery there, and it almost looks like a nice head and shoulders bottom also, a very compact, quick one. But it was news driven. So, you know, a lot of these technical indicators and charts kind of fly out the window when you’re going from day to day with breaking news. But they’re still forming patterns every day. All of these one day moves and you have a very bullish chart on the S&P 500 with a breakout through resistance yesterday. Ditto the NASDAQ, okay? If you look at the, I sent these out yesterday to folks. The NASDAQ broke out yesterday to the upside. That’s a very bullish pattern there on the NASDAQ. I pointed that out in the morning. And, of course, the NASDAQ has a lot of those AI stocks. And it looks to me like the NASDAQ is headed for 20,000 again, where it was before all of this began. The PE ratio on the NASDAQ goes from, or this is the forward PE ratio, goes from 24.4 to 26.2 during this jump. Palantir had a big breakout. It’s pulling back today. It looks really, really just kind of overdone right now to me. I’d be careful with Palantir. It looks pretty vulnerable with these kind of multiples that it’s trading at. We also had a big breakout in the Nuke stocks yesterday. SMR. Oklo, Constellation Energy, Vistra, and the biggest performer in the S&P 500 so far this year, NRG, a very big breakout yesterday. NVIDIA, okay, that’s one you’ve got to really take a look at there. NVIDIA struggled. They’re for quite some time. It had a couple of things hanging over its head. Number one, the restrictions placed on it by the U.S. government in dealing with China. And number two, the possibility of a competitor coming out of China in the form of Huawei, But it looks to me like the obstacles for NVIDIA are out of the way right now. NVIDIA is a heck of a lot cheaper than Palantir. And to me, NVIDIA looks to have a clear path back to its old high of 152. Yep. Which if it does that, that would make it the most valuable company in the world once again.
SPEAKER 05 :
Right at the $3 trillion mark yesterday. And the thing is, you talked about the deals with Saudi Arabia. Even if you continue to have curbs right in China, you’re opening up new markets right in this sense in terms of these deals in Saudi Arabia. So there could be more of those on the horizon.
SPEAKER 03 :
Saudi Arabia looks like a pretty nice place to visit. They were showing their downtown area is almost like Las Vegas with all these U.S. restaurants and different kinds of places to go have fun and everything. It’s 108 degrees, okay, but so is Las Vegas. It’s a dry heat. That’s what my wife said. There’s great restaurants there, and I know Dubai. My nephew goes to those places on speaking engagements. I’ve got to have him on the show sometime. He worked with Clay Christensen as his right-hand man in disruptive technologies, and he goes all over the country and the world. giving speeches. He was a professor, Ph.D., Stanford, and Harvard. So there’s some brains in our family somewhere. I don’t know what happened to me, but anyways. Okay, so big momentum day yesterday. Palantir. Robinhood had a huge day yesterday. It kind of trades with the AI stocks, the momentum side of the ledger. Meta had a huge breakout yesterday. Netflix had a big breakout. Fortinet. DoorDash, this new one, CoreWeave, which is going to report earnings tonight, by the way. CrowdStrike, those were your big winners in the market yesterday.
SPEAKER 05 :
I just saw some news on Boeing. I know you talked about Boeing a good bit yesterday. I guess Trump announced Qatar is going to buy 160 Boeing jets. So that just came out in the last 10, 15 minutes. There’s some deals going on over there, ringing the cash register.
SPEAKER 03 :
I need to get Trump on the tour with us around the country, bringing in new clients. The guy’s a good salesman. He’s a heck of a salesman.
SPEAKER 05 :
He’s got a great product, right, American?
SPEAKER 03 :
Yeah, he’s got a good product to sell, that’s right. But you’ve got to get out there and you’ve got to beat the bushes and you’ve got to, you know, feet on the ground. And I think the previous administration hardly ever left the White House.
SPEAKER 04 :
On autopilot, yeah.
SPEAKER 03 :
NVIDIA, big beneficiary from the Saudi deals. Broadcom, huge breakout yesterday. And the other one that all of a sudden… AMD. Look at that chart. They’re doing a stock buyback. And AMD was a beneficiary from this Saudi Arabia trip so far. And so was Marvell Technology, MRVL. And one other one that got in on all of this was Supermicrocomputer. They got some orders. And SMCI, which is definitely in that database category, it’s up 13.8% today. I was also looking at Jensen Wang’s net worth. He’s number 12 now. In the world, I want to say about $180 billion, $150 billion. His net worth has doubled over the last 12 months, so not too bad for Mr. Jensen Wang, originally from Taiwan, along with his cousin, Lisa Su, who is the CEO of AMD. Friendly little rivalry. I don’t know what they talk about at Thanksgiving. That’s got to be amazing. I’d love to be a fly on the wall. He doesn’t leave his briefcase laying around there before he leaves. Anyways, super microcomputer, another beneficiary. Okay, the other big thing that’s taken place in Saudi Arabia, in China, in Austin, in San Jose, is RoboTaxi. And you know what? It still really has not hit yet, the whole RoboTaxi thing. It’s happening. There’s a lot of people that want to be players. Now Baidu is getting in on it. They want to be a big player in Europe. They’re planning to launch their Apollo Go robo-taxi service. I see it going over bigger in Europe. than in the U.S., but we’ll see. And then, of course, Uber is partnering with Chinese self-driving startup Momenta. We’ve had big moves in Pony AI and WeRide. So anyways, this whole autonomous thing. And, of course, don’t leave out Tesla. You can never count Elon Musk out. somebody’s going to emerge and i think it will be like uh… you know whoever emerges first will probably get the lion’s share of the market share uh… and it will be uh… hard to catch up once once that happens robin hood has been a very good stock here recently we own it in our altar growth portfolio i’m interested in watching this one that’s going public i believe today out of israel e toro eToro is going to compete with Robinhood. and uh… you know i mean it’s not easy to trade on an iphone do i saw a guy doing it uh… one day and man he’s he’d be easy with uh… with with fat fingers or fat thumbs to hit the wrong thing wrong number wrong amount of shares short instead of buy there’s a lot of there’s a lot of things as a guy who trades daily or buys and sells almost on a daily basis It’s pretty easy to make a mistake if you don’t really watch what you’re doing. But anyways, it’s a huge, huge market. And this eToro is going to take on Robinhood. The symbol is E-T-O-R. We’ll be adding that to the database. It’s coming public today and on my watch list. There’s another startup I want to talk about when we come back. It’s the Best Stocks Now show.
SPEAKER 09 :
Go where you want to go. Do what you want to do. With whoever you want. Go where you want to go. Do what you want to do. With whoever you want.
SPEAKER 03 :
And welcome back here to the final segment of today’s Best Stocks Now show. And as I said on Monday, you saw a lot of the retail stocks up 18%, up 20%, up 19%. Fear of the tariffs, obviously. But to be honest, I mean, they’re not very good stocks to begin with before that. And then, of course, they tanked. There was a lot of short interest in them, which made the move on Monday exaggerated. But the reason we don’t have any exposure to the American Eagles, Gap Stores, Abercrombie & Fitch, is they’re not growth stocks anymore. And I see today American Eagle is withdrawing. Their outlook, they expect 5% fall in Q1 revenue, stock plummets. And so, you know, even though these stocks, and we were left behind on Monday with all of these stocks, but that’s okay.
SPEAKER 05 :
And one of those stocks have been disrupted, right? I mean, you always talk about you don’t want to be the disrupted stock. You want to be the disruptor. And, you know, I mean, no secret that brick-and-mortar retail, right, has been under attack by the likes of Amazon or, you know, a trillion other companies over the years.
SPEAKER 03 :
Yes. Now, here’s the biotech of the day, because Novo Nordisk turns to them for their oral obesity drug, which they have submitted to the FDA. Who’s going to be first to market this? Now, these stocks are kind of under fire right now with Trump, President Trump, you know, working on lowering drug prices. And I’ve got to believe that they’re in the headlights, these weight loss, GLP-1 drugs. But Novo Nordisk is teaming up with Septerna, S-E-P-N, which is up 52% today. They’re out of San Francisco, and they’re going to work. It’s a recent IPO that has not done well. It’s been cut in half. In fact, it went from 20 down to 4. And today it’s back to 10 of 51% as Septerna signs a deal with Novo Nordisk. Somebody’s going to crack the code. And I think, well, Lilly, we already know that theirs is working. They’re oral, the pill. Which is a, that competes with the current methodology that, you know, a patient has to use of injecting themselves in the stomach with a hypodermic needle to put the fluid, the semaglutide, the ZepBound or the Wegovi into themselves and inject. Curb their appetite for seven days. Okay, this one I want to bring up, Databricks. That thing’s going to go public here pretty soon. You know, I watched this CoreWeave go public, and as soon as I saw the numbers on CoreWeave, the sales growth, which was just off the charts there, I became very, very interested in it. And I know there’s a big one out there that’s getting ready to go public. They compete with Snowflake. It is called Databricks. Databricks announces deal to acquire database startup Neon. And Databricks right now as a private company, uh… is valued at sixty two billion dollars where were we when they have the uh… initial meeting we’ve got this idea you know we’re raising money those are called the early investors uh… you know twenty five cents a share or whatever it is now this company which has not gone public yet uh… is valued at sixty two billion dollars so That’s where your venture capital is made, but keep in mind that what percent of the venture capital goes belly up and never sees the light of day. Of course, if there’s no market, if there’s no liquidity conclusions of the whole thing, everybody loses all their money. That’s why most of these venture capital firms, number one, they’re very choosy, and number two, they usually have a pretty broad array of of companies uh… but somebody some of them got lucky and data bricks is the real deal sixty two billion dollars okay i’m gonna close with this one because i don’t know much about it other than what is going on this thing has uh… just decided this was a unknown stock for a long long time The name of the company is Nutex, N-U-T-E-X. They’re out of Houston, Texas. Houston, what is going on with NewTex? It’s a hospital company. Technology-enabled healthcare services, okay? This stock is breaking out to a new all-time high today after they report stunning earnings and sales. This is one that I’ve got to get on to this story, find out what it is. Their earnings were up 999%, $2.56 versus $0.08 last year, minus $0.08 last year, and their sales were up. 214% their sales tripled and it’s a stock that’s been around for quite some time but we need to do some research I found it on the app you know all of a sudden this is an A plus momentum stock And I start watching it and monitoring it every day. And I’ve just watched it just take off. NUTX. So there’s one for you wannabe analysts, researchers to look into. And last but not least, I think I can fit one more in here. Tencent Holdings reported earnings today. I’m telling you, the Chinese stocks are the cheapest stocks in the world right now. And now that this phase one deal is behind them, you take 10 cents, going to make $4 per share. It’s trading at 67. That’s a 16.5 forward P.E. ratio on a company that’s probably comparable. To a lot of our companies, you know, 10 cent would be comparable to maybe a Google. even a little bit of Amazon online advertising. But it’s a very low multiple, and the stock’s up 3.1% today after the report earnings, and we’re out of time. If you would like to set up an appointment, we’re book-ready. Tuesday night, the workshop in Warrensville, Ohio, just outside of Cleveland. at 7 p.m. at the Marriott, and Tuesday and Wednesday, private meetings between the crew that you hear on the radio to set up an appointment, 855-611-BEST, and to get four weeks to the newsletter. If you really want to jumpstart on learning about the markets, that’s a good place to start. Get the four-week trial at GundersenCapital.com. GundersenCapital.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 SIBC and FINRA.
