Join professional money manager Bill Gunderson and his expert team as they delve into the latest market dynamics on today’s Best Stocks Now show. They explore NVIDIA’s earnings report, its impact on the S&P 500, and the broader technology sector. With insights into the current state of rare earth investments and AI’s market influence, the episode sheds light on strategic shifts and market opportunities awaiting savvy investors. Discover the nuances of modern investment strategies, from analyzing market multiples to understanding technological advancements in the energy and tech sectors. The discussion extends to global economic trends, including changes in U.S.
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 midweek edition of the Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management. I’m here with Barry Kydar, chartered financial analyst, and we’ve got some green on the screen here. to begin a new day, a day when NVIDIA will report after the close of the market today, arguably the most sought, the most anticipated, highly anticipated earnings report of the earnings season. And it’s interesting that it comes way at the end. I mean, 98% of the companies have already reported, except for NVIDIA. The S&P is up 62 right now. That’s up almost 1%. The Dow is up just 100. That’s a quarter of a percent. The NASDAQ, maybe those NVIDIA earnings are leaking. I don’t know. But the NASDAQ’s up 337 right now, up 1.5%. The Russell 2000 up a third of a percent. The bond market is pretty quiet. 4.10 right now is where we are on the 10-year. Gold is having a good day. Gold has been very resilient this year. A lot of dip buying taking place in gold. It’s up 1.37% to 4,122. Oil remains very weak. Can’t get any kind of a rally going here in 2025. We continue to have no exposure whatsoever. And Bitcoin is struggling. It is up 800, but it’s clear down at 91,819. So welcome to today’s Best Stocks Now show with Bill Gunderson, Professional Money Manager for the last 26 years, Chief Investment Officer, Head Market Strategist at Gunderson Capital Management. We need a big hat rack for you, Bill. Yeah, I mean, all the titles that I have. My business card, there’s no room. Rated talk show host, you know, all of this and that. But anyways, and we’re here with Barry Cutts. He’s got more official designations than I do. CFP, CFA, CMT. Whatever. But they’re all important, you know, academics.
SPEAKER 04 :
Junior?
SPEAKER 03 :
Yeah.
SPEAKER 04 :
Second?
SPEAKER 03 :
Yes, you’re a junior because your father was in the market for many, many years.
SPEAKER 04 :
A couple more letters to throw by.
SPEAKER 03 :
You know all the lingo, and you knew that Dad was always grouchy when the market was down. Well, it was kind of a shaky market yesterday. I did have her see some green shoots in crypto and the rare earth sectors, and there’s some big news in the rare earths today. The ugly chart of the day yesterday, the ugly sweater, was Home Depot. Just an awful chart, tanking, breaking down, just horrible. The Dow was down 1.1% yesterday, and a lot of that was Home Depot. Lowe’s is doing a little bit better here today. Bitcoin continues to remain very weak. I mean, it just can’t get much traction. I’m not seeing the dip buying come in like it has in the past. And it’s hanging out at around 91,000 right now and proving itself not to be exactly a place people want to run during a market correction, whereas gold, on the other hand, has been on the receiving end. of uh of that scared money well trump hints that a decision may have been made on the next fed chair he’s been interviewing people but he said yesterday i think i already know my choice for who will replace jerome powell when his term ends in may 2026 trump told reporters at the white house of course waller for presidents on my car the bumper sticker Trump did not signify who it is, but he did say, I’d love to get the guy that’s currently in there out right now. Don’t let the door hit you on the way out, Jerome. They’re not exactly friends. Trump’s number one pick is Besant, but Besant does not want to leave his current post. He likes what he’s doing. I think Besant wants to get back to private enterprise. There’s a little more money to be made in private enterprise. But, you know, I really like Besson. Every time he gets interviewed, he just seems to say the right things. He’s very optimistic, very level-headed, and, you know, I think he’s done a wonderful job. We’ve had a good rally in the bond market. This is one of the best years for bonds. And if anything, Besson said it himself, he’s the number one bond salesman for America. That’s really his job. Anyways, NVIDIA after the close tonight, I just think it’s going to be hard for Jensen Wang to do much. There’s so much already built into this stock. I can’t see the needle being moved much one way or the other. I think there’s maybe more downside risk than a big positive explosion to the upside. It’s kind of hard to move a $5 trillion company, you know, with all of the institutional support and all the ETFs it’s in and all this and that. We’ll see. I mean, look, it’s been probably… It could be the biggest winner I’ve ever found. I think from a total dollar standpoint of how much money we’ve made in NVIDIA over the last several years, it’s probably the best stock I’ve ever found. I was calling it the best stock in the entire market a long time ago. You can go look at my articles on Seeking Alpha on that. And we have cut it again in half. It was a pretty big chunk of our overall stock. You know, funds here, AUM, Assets Under Management at Gundersen Capital, got a little bit too big for me. And we cut it from $20 million down to $10 million. NVIDIA is off about 12% from its October 29th peak. And, you know, I think here’s what NVIDIA has going for it. In the end, there’s only going to be one or two big AI survivors, right? There’s so many of them with perplexity, and you’ve got Anthropic, you’ve got Gemini, you’ve got Grok, you’ve got OpenAI. And in the end, it’s kind of like the search engines, you know? There was only one survivor or two, maybe, at best. I think the same thing is going to happen in AI. There’s going to be a few dominant players. And there may be some niche players that specialize in certain areas for AI. But, you know, that doesn’t stop Elon Musk from raising another $15 billion for his grok. which I don’t think has a very big market share. But the winner in all of this is NVIDIA because they’re providing the picks and shovels to all of these AI miners, right, Barry? Just like the gold miners and the gold rush of 49, the sourdough bread makers and the picks and shovels. They’re the ones, the guys that made the Levi’s. They made the money in that big boom while a few people hit pay dirt, right? Yeah.
SPEAKER 04 :
Yeah, I mean, we’ve kind of been looking at it over, you know, really for the last three plus years now, it seems like, maybe two and a half years. But it’s, you know, looking at it from a, you know, where’s the execution risk, right? So you’re, you know, in the picks and shovels portion of the approach, right? There’s less execution risk, meaning… you know, everyone has to build, you know, you got to build a data center just to attempt to fail at AI, right? And so, you know, you do, you know, so you, you, you add on this or the further you get away from, you know, let’s just call it the data center, right? Then of course, the more and more execution risk you have, most of the, you know, and of course go furthest out of execution risk is probably in the software space nowadays, simply because You know, AI could one day in a day change the software space, right, in time from a coding standpoint.
SPEAKER 03 :
Maybe at some point there will be a space for lease in some of these data centers across America when, you know, some of these, you know, not every one of them is going to survive. There’s just no question about it. There’s new news out there on Tylenol. Comments from two judges on a three-member federal appeals court panel Monday indicated that more than 500 lawsuits alleging a connection between the use of Kenview’s Tylenol in pregnancy and autism could be reinstated. That would be a big deal. Who bought Canview recently? I thought that was not a good purchase at all. It wasn’t Johnson & Johnson, was it? No, it was Kimberly-Clark, wasn’t it? Yeah, that’s right. Diapers and autism and a diaper stock, in my opinion. I don’t know if there’s anything in the contract about who assumes the liability there. of course it really hasn’t been proven 100 percent in fact most people seem to be skeptical about it and it’s because a lot of people don’t like RFK and anything that comes out of RFK’s mouth can’t have much validity to it but you know if they start allowing these lawsuits lawsuits that could get real ugly and that’s going to really bring in the intense scientific research on this because there could be a lot of money at stake if they can approve beyond a shadow of a doubt the uh… connection between tylenol and autism so anyways elon musk visits the white house for his first time since his riff with the trump he was there at the big dinner last night uh… with saudi arabia other business leaders tim cook uh… david ellison mark benioff bill ackman i didn’t get my invitation i don’t know what happened to me got lost in the mail But Elon Musk, XAI, $230 billion valuation. And, of course, it’s a private company. We’ll be right back. And welcome back here to the Best Docs Now show, the second quarter. Goldman Sachs President John Waldron states that markets are primed for possible further declines. And investors will be closely watching key earnings results from semiconductor giant NVIDIA. He says, it strikes me the market could pull back further from here. Waldron said in an interview on the sidelines of Bloomberg’s New Economy Forum in Singapore, on which I did listen to some of the comments coming out of that interview. That meeting, the forum that they had in Singapore. And I think that the consensus for most people is a shallow correction will continue. That’s just the gist I took away from it. And it’s like I say, we don’t have a problem with the economy. We don’t have a problem with earnings. This was another blockbuster quarter. It was a record, all-time record quarter for an earnings haul for Wall Street. It was an all-time record for profit margin. Hey, I thought the tariffs were supposed to cut into these companies’ profit margins. Instead, they turn around and they produce record profit margins. Incredible. What we have, and I continue to say, is a multiple problem, and it was that 23x that I think kind of put in a top. for the market for now. At about the same time, the Fed said, eh, I don’t know about another interest rate to cut this year in December. You know, Powell’s going to, he’s not going to help Trump in any way possible. He’s not a happy camper, and he’s leaving in May, and the sooner the better. I don’t think he’s done a very good job, but that’s just me. Anyways, a shallow correction is pretty much the consensus out there. But there’s always those that say, oh, we’re going to march on to new highs. AI spending is through the roof. But you know, the problem is a lot of that’s been priced into the market. And that 23x forward PE ratio for the S&P 500 is a formidable number. It seems to be a ceiling. It has been for the last five years. Now, on the rare earth front, a couple of big things. When I was in San Diego for many, many years, and my office was on the waterfront in downtown San Diego, and my wife and I had a condo down there for a while on the Embarcadero with a view clear to Mexico. It was quite stunning, and the Pacific Ocean and everything. And there used to be this mega yacht that would come into the harbor, And it was Gina Reinhart, who is a giant. She’s Australia’s richest person. I’m pretty sure it was Reinhart’s mega yacht. They just said it was a big magnet in commodities. And that’s where she’s made all of her money in Australia. It’s obviously a very mineral-rich country. Big mining country. Big mining country. She’s the largest shareholder now in MP Materials, raising her stake in the U.S. rare earths producers to 8.4% after acquiring an additional 1 million shares. She’s got some pretty good company there, too. Reinhardt’s net worth is $32 billion, which is peanuts compared to… Elon Musk, but she derived most of her wealth from iron ore assets in Western Australia. Well, MP Materials, I believe, is the number one rare earth company in America. And I have good company there. The U.S. Department of Government, Department of Energy has made an investment in that. I can’t tell you how many times I drove by that thing as a kid. My sister went to Brigham Young University for a couple of years, and we used to go visit her off and on, and you always go right by the MP Materials Mountain Pass. You go right through Mountain Pass going up the way. My brother owned a restaurant in Provo, Utah for a while while he went to Brigham Young University. My little brother went to Brigham Young University. I went for one semester to Brigham Young University. So I have made that trip many times from the Southern California area up to the Provo, Utah area, going right by Mountain Pass. And who knew that all those rare earths sitting under the ground there would someday come to the fore? And we also own Mountain Pass, and we did increase our… stake in it before i found out about reinhardt increasing hers uh and guess who else is investing in it uh mp materials u.s department of war farm a rare earth refining joint venture with saudi arabia’s company maiden uh… they’re taking a big stake in it too and of course uh… the the president of uh… of uh… saudi arabia has been in town in washington dc uh… with trump uh… they are pretty buddy buddy there seems to be some kind of uh… uh… bro bromance there between the two of them we used to see The uncle of the current leader of Saudi Arabia at the racetrack, at the Del Mar racetrack, he owned the Thoroughbred Corp. which had some beautiful horses, man, under Bob Baffert, an officer. I remember the horse officer who I think won a Kentucky Derby. I think the prince won a Kentucky Derby. He passed away, and that was the end of the Thoroughbred Corp. And then his other cousin or uncle owns Bobby Frankel’s old place that he trained for, Judd Monty Farms in Kentucky. Which, you’re talking turf horses, man, like tremendous athletes. And so anyways, I’ve kind of followed the Saudi Arabia. They like the racehorses. Now, the current guy, he is not into racehorses. He’s into rare earth minerals.
SPEAKER 04 :
He’s into rare earth minerals, and hopefully he’s not into lucid motors.
SPEAKER 03 :
No, but this rare earth separation and refinery, refining is a big deal, and that’s where I see… MP, they’re getting into that big time, and I think there’s going to be a lot of other players in there. But anyways, the initiative builds on MP Materials’ multi-billion dollar public-private partnership. with the Department of War. So I think if you want exposure, there is an ETF, REMX. A lot of those rare earth stocks were doing very well yesterday after a very steep sell-off. But the bottom line is the clock is ticking on that one-year extension that China gave us. And China is restricting. They’re not exactly opening the floodgates and letting rare earth out because they know what a strategic… a thing that they are. So I think it’s going to be full speed ahead here in the U.S. Blue Owl. Oh, God, that’s horrible. The merger of the two private credit funds, they called off the merger because the stock started to reel. This private credit thing, I’m just going to continue to sound the warning. I can just tell you that a lot of my competitors in the RIA space are getting into private credit in a big way. You know, and there is really no way. I think the only way to bet against it is there are some inverse funds on just the financials in general. But it’s these BDCs, Barry, that have a lot of exposure there in the private credit markets. That’s just a disaster waiting to happen. When we come back, there’s a couple big deals going down, including Constellation Energy and some nuclear news.
SPEAKER 06 :
We’ll be right back.
SPEAKER 03 :
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 05 :
Because there’s something in thee.
SPEAKER 03 :
Welcome back here to the second half of today’s Best Stocks Now show. Adobe announces a $2 billion deal to acquire SEMrush. You know, I’ve been looking at Adobe. It definitely is a candidate for the value, relative value portfolio, but it just does not have any momentum whatsoever. It’s just stuck in the mud, and it has really slowed down. The growth has slowed down to 8%, 9%, 10%, which for a software company, It’s not going to support those big multiples anymore that it used to support. But I keep an eye on it. I mean, they are a major player. They were a total disruptor. especially for the printing industry, right? I used to drop off. I used to go to the rock concerts near my home in San Diego when I was a kid with my camera, take pictures, and then take my 35-millimeter film and get it developed overnight and be the first one to press with… with photos from last night’s rock concert. Whether it was Elton John or Led Zeppelin or Leonard Skinner or Paul McCartney and Wings, I saw them all. Got a lot of photographs from them. And then we used to go to drop them off at Dean’s Photomat and get them anywhere to get your prints of them. Those were the days. Now it’s all Photoshop, digital. No more dark rooms. No, PDF files. I learned how to develop, you know, photography with the old Kodak stuff and everything. But anyways.
SPEAKER 04 :
Yeah, we learned that at school. It was interesting. Yeah, you just go in the room. You had the dark room, and then you put the paper into the different pans.
SPEAKER 03 :
Start swirling it around. Yeah, and images start appearing. It’s pretty amazing, actually. Yeah. But I used to stink up my mother’s, you know, she used to get mad at me with all the chemicals and everything. Constellation Energy, which we added to yesterday, wins a $1 billion Department of Energy loan to open Three Mile Island nuclear power plant. That’s amazing. which brought about the whole No Nukes movement. They moved on to Wales after that, Save the Wales. Not a No Wales concert, Save the Wales. No, Save the Wales.
SPEAKER 04 :
A lot of music came from my era, either anti-Vietnam War protest,
SPEAKER 03 :
Crosby, Stills, and Nash, they did some beautiful songs. Won’t you please come to Chicago, blah, blah, blah, you know, this and that. And the No Nukes concert, which produced some really nice music out of it and everything. Now, there still is a No Nuke element today, but it’s certainly not coming from tech out there in Silicon Valley. They’re begging for nuclear energy, which, by the way… In simple terms is a hot rock being thrown into water, heating up that water really, you know, for a long, long time, years, decades, and then deriving energy from that water and the steam. And that hot rock is enriched uranium. So it’s quite the deal. I love the hot rock. Yeah, hot rock. That’s a great way to describe it. Yes, and, of course, there are several uranium stocks out there. Oklo gets a big deal here. Oklo and Siemens Energy out of Germany to expedite power conversion procurement for a commercial plant. Oklo seems to be, I think, one that will be around. Them and Nano, if you’re getting down and delving into the small modular reactors, those are probably two that are going to survive. Lightbridge would be another one, which is coming up with a new improved fuel, the hot rock part of the equation. because it does take a long time to enrich uranium. Just ask the Iranians, or uranium. The Iranians had all those enrichment programs going on for years, and I think we set back that program maybe forever with our attack on them. But anyways, the Oklo, a lot of this is going on at the Idaho National Laboratory. And I actually have relatives that work at the Idaho National Laboratory, and I talk to them a little bit about what is going on there. And they’ve been pro-nuclear for many years up in that neck of the woods. So anyways, they’ve got the fuel, the site, and plant power conversion system. This is taking place between Oklo and Siemens Energy, which is out of Germany. X-Ping lands a bull rating from Daiwa amid its robo-taxi and humanoid robot initiatives. So, you know, and this is kind of what people are hanging their hat on for the future of Tesla. I was listening to Ron Barron being interviewed, who is a very well-known billionaire, multi-billionaire growth investor that learned a long time ago, decades ago, that stocks follow earnings. And his Barron Growth Fund has done very well over the years, creating multi-millionaires, including his employees, who all have a stake in in the mutual funds that baron runs and he was talking about how much money that his fund has made off of elon his funds have made off of elon musk investing in elon musk companies over the years he’s still a big tesla bull And he says that the future growth will come from the humanoid robots, which will someday be a standard thing that everybody in America has to have, just like a television set was. But it doesn’t come without competition because X-Ping, which also makes EVs, they’re going full speed ahead with Robotaxi and humanoid robot initiatives. And China is pretty good at the robots. They may even be ahead of us. Now, I remember these science fairs that I used to go to when they were first coming out with robots, right? That was the big thing. And now it’s the advancements in robots. We actually met with somebody while we were in San Jose, which I can’t wait to get back there early next year, that works in that section of Musk’s business, right? Making the humanoid robots. That would be kind of interesting. I wonder what they talk about at lunch, you know, with the robots and feed the basketball schedule in there and try to figure out what to gamble on that night, let the robots figure it out with their AI. Will that be a big thing? Will that be the big next thing for Musk? Well, his dang AI initiative, that stock is now worth $150 billion, and it’s a private company. But that’s a highly competitive thing, that AI, and I don’t think there’s going to be that many survivors. Maybe there will be. Maybe they’ll carve out niches. That’s probably what’s got to happen. In the meantime, the sports betting world has been turned upside down by the prediction markets. And those stocks have tanked. I think that’s a lesson on know when to hold them and know when to fold them. That was a Kenny Rogers song. Know when to walk away and know when to run. That’s exactly right. I mean, I own Flutter for the longest time because of the explosion in sports betting, which, you know, can be argued whether it’s good or bad. We’ve already got some Major League pitchers now getting busted. We’ve had some big scandal in the NBA with that point guard. But Flutter has just been slaughtered. We got out at 279. It peaked at 313. So we didn’t get out too far from the top. What’s it done since then after we got out at 279? It’s at 192. I don’t know if you had a chance, Barry, but I sent over about ten charts from yesterday. I don’t know if you had a chance to look at those, how they reproduce. I had to make a PDF file out of them because they were so large.
SPEAKER 04 :
Yeah, I liked it. I know you’re talking about putting the book together and sending it over.
SPEAKER 03 :
Kiss of Death chart. Well, Flutter made the Kiss of Death chart. I can see right where I sold it when it made a Kiss of Death chart. That’s when it breaks support at 279. Why is it I call that the kiss of death? Because the next stop, now it’s at 192. It’s down 87 points since then. So I think being in the market every day. I heard another interview today. This guy just happens to be a muni bond guy. That’s his passion in life is municipal bonds, which… Which means you want bad things to happen. I know. I mean, infrastructure and selling sewer bonds. That’s not exactly that exciting to me. But he says not only does he run the fund for Goldman Sachs, he does the trading. And I said, you know, he’s like me. Not only do I run the funds here, but I do my own trading here when I make the buys. We made a couple major purchases yesterday, by the way. But that’s how you really are in it, you know, up to your neck watching these charts on a daily basis. We’ll be right back.
SPEAKER 06 :
You gotta go where you wanna go, do what you wanna do, and then whoever you wanna be, gotta go where you wanna go, do what you wanna do.
SPEAKER 03 :
And welcome back here to the final segment of the Best Stocks Now show. Well, while you’re at work and doing your thing, and you might be a dentist or a dental assistant, or whatever the case may be, stocks are moving individually on a daily basis. And honestly, I’ve said this before, if I was on a desert island and could only have one tool to manage money with, would it be earnings estimates? Would it be the momentum and performance numbers, or would it be the charts? I would take the charts because the charts tell me a lot. You know, I don’t think you can do it with charts alone, but, boy, you can sure learn a lot by looking at a chart. So I sent them some examples yesterday. The kiss of death, there’s a couple, three that I would mention right now. I’ll tell you, and they’re getting worse. Boeing has a horrible chart. Now, it’s a member of the Dow. So that’s why that’s a significant one that I look at on a daily basis as a bellwether. I wrote in at 240 on the chart. I make notes on the charts, my digital charts. I said, be Boeing top. And I put a question mark because it was going sideways at the top. And then it started to roll over. I did call the top on Boeing. And it’s down 50 points from there. And now it’s threatening to really, really break down. That is a horrible chart. That’s a kiss of death chart. It has a relative strength of 39 on a scale of 1 to 99. And that may surprise you that underneath the surface of a Dow that’s been hitting new highs, you’ve got a chart like that. Another one that is kind of a kiss of death. And why is this important? I’ll tell you in a minute. Visa. Visa is breaking support, okay? We have a client that transferred in a very large position in Visa, and he’s got some pretty decent capital gains in that thing, and there’s some tough decisions to make. And I had Barry call him and say, you know, I know that you’ve got big capital gains in this stock, but we think you ought to cut. Bill thinks you ought to cut your position in half. And he agreed to it, and he was thankful for the call. That’s where I go outside of the stocks we own, that we have people transfer these stocks into us. And we have 13 people here at Gunderson that own Costco. And that adds up to about half a million or something like that. Costco is breaking down. It has, believe it or not, a kiss-of-death chart. Costco is way off of its high. This was a Teflon stock, Barry, because people love Costco so much. Well, I would tie the breakdown in Costco to the rise in inflation. I mean, how much does it cost now to go buy a four-pack of ribeye steaks two inches thick, prime beef? You’ve got to take out a loan. You’ve got to get a Klarna loan. Of course, then they turn around and sell that. I saw that one of these big funds bought a bunch of Klarna debt.
SPEAKER 04 :
That’s price and credit. By the way, 52-week low in Costco, actually.
SPEAKER 03 :
Yes, I think. that inflation has hurt them. And, of course, the growth is compressing. The growth is high single digits these days, all right? That is not a pretty chart whatsoever.
SPEAKER 04 :
And a 44, and still a 44. I mean, we know, like I said, it’s got a cold following, Teflon stock, but a 44 forward P.E. ratio, you know, for a retailer.
SPEAKER 03 :
Yes, for, you know… Very small margins. You know, I’ve heard that without the annual membership fees, that their profit margin is very, very thin. Home Depot has just a horrid chart. It has for a long time, and the kiss of death hit it yesterday. It had a kiss of death two weeks ago, and the stock got slaughtered yesterday because by kiss of death, I mean, This thing could really go down. Once it breaks that support level, heaven knows where that next level of support is. And then there’s the hang in there baby chart, I call it. AMD has one of those right now. That’s like that cat hanging on to that. That support, right? Barely hanging in there, ready to drop. And then there’s the very good stock that is firming up after a little bit of a pullback. For me, that’s a buy. And that’s what Constellation Energy did yesterday. And we moved in and bought some for new clients. And they had good news today with that loan. We have the breakout chart. All of a sudden, it’s breaking out to new highs. Barrick Mining. which is probably the blue chip. It’s the second biggest gold miner in the world. And I read that Elliott Management, usually there’s a reason behind these things. Elliott Management is building a huge stake in Barrick Mining. And then there’s the potential breakout. Well, Exxon and BP have had potential breakouts now several times this year. And every time they’ve threatened to break out to new highs through that resistance level, they failed. And they’re failing again here today, but I have been watching them for that potential. So that’s what’s underneath the surface of the market. I guarantee you that 98% of registered investment advisors out there They have no clue. If somebody were to call them and say, hey, you’ve got me in Costco. Are you aware that that thing is breaking down? Are you aware that my Boeing stock, Bill Gunderson says, that’s a kiss of death. Now, that doesn’t mean it’s going to go down 20% or 30% from here. But that also makes me a little bit not that optimistic on the market right now at this level because you’re seeing leadership stocks like this Big, huge members of the indexes like Boeing, like Costco, like Visa, like MasterCard, like Home Depot, they have horrid charts. How are you going to get a good market breaking out to the upside? I never hear these market analysts mention that. that the parts don’t look very good. Well, the parts make up the indices. And if you know what the parts are doing, you can make a pretty good prediction on what the indices are going to do, in my opinion. So anyways, I think the time that I spend underneath the water every day with my snorkel and my fins and my mask looking at these charts is invaluable insight. into the market. And then there’s the precarious chart. Robinhood has a very precarious chart. I don’t want to own. If I’ve got a big profit and all of a sudden you’ve got a precarious chart, it might be time to take the money and run. Well, anyways, that’s what we do here at Gundersen Capital Management. We do look underneath the surface daily on every holding that we have and potential holdings that we’re looking at. to know where they’re at any given time. I think that really separates us from the rest of the crowd. Maybe one or two percent of the firms out there do the kind of work underneath the surface that we do for you, the client. To talk to us about money management, call us at 855-611-BEST, 855-611-BEST. To get four weeks, man, we have got so many people subscribing. It’s been a banner year for do-it-yourselfers. Get a 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.
