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 04 :
And welcome to the Wednesday. It is the pre-Thanksgiving edition of the Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management. I’m here with Barry Kite, our chartered financial analyst. We’re off to kind of a mixed start here in the market today. I think most people standing in the TSA line about now are cursing at the ticket counter trying to get that ticket. That last seat. Well, anyways, the market is kind of a quiet open here has a quiet open so far. We’ve got the Dow up a little bit and the Nasdaq down a little bit. Let’s get a little bit more specific here. The Dow is up about 50 points right now and the Nasdaq is down about 50 points right now. Don’t see any stocks really standing out here too much. We’ve got interest rates down five basis points. That’s helping the cause a little bit. They’re down to 3.25%. We’ve got the small caps right now down a little bit. Actually up a little bit, up 22 points right now, 90 basis points. Anytime you get a drop in interest rates, you usually see a rally in the small caps, and we’re seeing that today. The Dow’s now up 111, and the Dow’s now down 96. So we’ve seen a little bit more move to the upside for the Dow, downside for the NASDAQ. And Bitcoin is up about 1,394,000 right now. So welcome to today’s Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management. I’m here with Barry Kite, our chartered financial analyst. Well, we saw some new highs in the market yesterday. I want to say, let me get my notes up. The Dow hit a new all-time high yesterday, 44,860. Can we hit 45,000 before the end of the year? The S&P also hit a new high yesterday, 6,022.
SPEAKER 1 :
6,022.
SPEAKER 04 :
We’re giving up a little bit of that here today. Is that the 51st or 52nd all-time high, I think, for the S&P closing all-time high this year? I’m lost track. Yes, and we had a pretty good day for yesterday. The nuclear, the CEG, Constellation Energy, Vistra, were a couple liters in the market yesterday. Really had a good day also. Yes, the nuclear space is about as volatile as enriched uranium, but there seems to be a good future for this right now. The tariff, we’ll see how that goes. I saw the Mexican president say, hey, we’re in for a fight. We’re going to fight back. We’re not going to just roll over. And I would look for guacamole prices to rise, tomato prices, maybe even oil prices. As Trump said that he would even put a 25% tariff on their oil. He’s not going to exempt that. And I’ve seen some predictions for higher gasoline prices down the road. And I’ve also seen some of these countries kind of back down a little bit. Canada, on the other hand, says, you know, hey, this is an important relationship for us. And we’re going to work on this relationship. Well, you know, we have a huge trade deficit. There’s no question about that. Other countries don’t buy the amounts of our goods that they sell to us. And it seems like Trump’s just trying to even the playing field a little bit. But he’s also using it as… kind of leverage to get what he wants. They’ve already started to work on the fentanyl shipments coming to America, which they blame us for, our extreme demand for fentanyl here in the U.S. But, you know, obviously the drug lords in Mexico are pretty much behind that. And China is also behind it, too. So anyways, the battle lines have been drawn. Trump has put the hammer down. Ceasefire with Hezbollah in Israel. Whoever saw that coming, but really Israel has just about decimated Hezbollah, taking out their leadership, including Nasrallah, who’s been the leader of Hezbollah all these years. And now there will be a ceasefire in Lebanon, and those folks that live up in that northern area of Israel will be able to return to their homes.
SPEAKER 05 :
And you’ve got to think Trump being elected has to have a good bit of influence on that, right? Well, he’s taking a little bit of credit.
SPEAKER 04 :
I mean, he’s taking a little bit of credit for it here this morning. And of course, you know, I mean, the Biden administration had four years. Well, it’s been 415 days, a little over a year since that whole thing started back on October 7th. And, you know, they weren’t able to solve anything during that period of time. And, you know, it finally took Israel basically annihilating Hezbollah. They’ve taken a heavy toll, what’s left of them. And Gaza also, and even getting the leader of Hamas. So we could kind of put that on the back burner for now. There’s still Iran sitting out there. We don’t know what they’ll do, but Iran’s lost a lot of firepower with their proxies. Okay, record travel today, 18 million people, going to be greeted by an Arctic blast. We’re not feeling it yet here in Charleston, South Carolina, but it is a little foggy and gray outside. But it looks like there’s going to be some winter storms, which will definitely… You know, traveling is already hectic enough. I mean, it just takes one little thing to go wrong, and it’s a domino. It’s not dominoes that fall. I’ve had bad luck this year traveling, even on bright, sunny, perfect weather days, right? And no holidays in the middle of the week. Right.
SPEAKER 05 :
well, my parents are supposed to arrive in Charleston at some point today, and, yeah, I was giving them kind of percentage chances because they’re, you know, number one flying, then they’re driving. And so, you know, I’m like, okay, you get the combination, you know, one of the busiest airport days of the year and one of the busiest road days of the year. I’m like, good luck. But they made the first hurdle, so apparently they’re in the air. So, you know, that was the first piece to make over, so.
SPEAKER 04 :
And luckily, we have a pretty mellow little airport here in Charleston. Nothing like Atlanta or Dallas or others. Charlotte seems to be the worst, and I read that they have a strike up there in Charlotte. That’s going to be a nightmare. I would not want to fly through Charlotte, North Carolina.
SPEAKER 05 :
And shortage of, you know, shortage of, of course, a lot of aviation staff has shortages, particularly during the holidays. Yeah.
SPEAKER 04 :
Exactly. Okay, there’s an interesting IPO that I’m going to keep an eye on. I think it comes public today. The symbol is, well, the name of the stock is Pony. Pony is the name of the stock that’s been a highly anticipated IPO. As soon as it goes public, I will put it in the app today. They’re a provider of large-scale commercialization of autonomous mobility solutions with a big presence across China, Europe, East Asia, and the Middle East. I look for that to be one of the chips to fall in 2025 is major advances in autonomous mobility. And, you know, of course, Tesla, major player. Uber’s a major player. Google’s a major player. Even Amazon is a major player there. And this pony could be interesting. We’ll keep an eye on it when they come public. I added those three stocks yesterday or two days ago to my app. The quantum computing stocks and every one of them, all three of them came up with very good scores, mostly on momentum because I don’t think any of them are profitable yet. But they all debut in the top 300, and I’ll be looking at those now on a daily basis as long as they remain in that upper echelon of the ranks in the Best Stocks Now app. Let’s see, there was Quantum This and Quantum That, and the other one was D-Wave, something like that. Three new stocks added to the app this week. As Amazon is investing heavily in quantum computing, U.S. GDP growth unrevised at 2.8% in Q3. It’ll be interesting to see, you know, what the Trump agenda. I know he filled out his last couple of spots. Maybe there’s a few left, but he got, let’s see, I can’t think of his name, Haskins. I can’t think of his exact name, but he’s pretty sharp. He’s a… He’s a supply-sider, and we’ll see if we can amp that GDP up into the mid-threes, maybe, under the Trump administration. But we came in at 2.8% in Q3. We’ll be right back. and welcome back here to the second quarter of today’s best stocks now show dow up 112 nasdaq down 121 uh right now uh our black friday deal uh is uh a really good one i mean how much is it nothing it doesn’t cost anything for four weeks of uh joining us uh during the day from uh About 7 a.m. really is when I start if there’s any news before the market. That’s Eastern Standard Time. And I finally send out my last missive around 4 p.m. Eastern Standard Time and anything in between. Now, some days are busier than others. They’re more active than others. There’s more breakouts. There’s more stocks moving. Yesterday, actually, I think I added two or three new stocks to our portfolios. I had raised a little bit of cash leading up to the election. uh playing it a little bit uh just taking some chips off the table they’re playing it a little bit uh uh cautiously uh not uh knowing if we would get you know a decisive outcome or an indecisive outcome that might have carried on uh for a long time but uh anyways uh we’re putting uh not that we raised a lot of cash but we did have some and i’ve been putting that back to work here recently there’s definitely a new set of leaders in the market and there’s uh some sectors that are following through uh from uh prior to the election to now one of the sectors that’s really surprised me is the insurance sector how strong probably one of the most boring sectors in the entire market but you take stocks like uh Gallagher and Progressive and Mercury General and others, they’re hitting new highs and have been one of the leading sectors in the market now for quite some time. So anyways, if you go to our website… I think it’s that steepening yield curve there. Yeah, it’s definitely the yield curve that’s doing it. It’s one of the beneficiaries of the conditions in the market right now, and it’s hurting other sectors of the market. it’s hurting tech right now. Tech’s a little bit on the dull side right now.
SPEAKER 05 :
And durable goods orders today, because in that smorgasbord of economic news that we got this morning, you had durable goods orders only rose 0.2%, and it was a 0.4% number was expected, and And September’s number was actually revised down to negative 0.7. So durable goods orders, those are things that a lot of times, you know, cars, other things of that nature that you need. You need a good, you know, people normally finance. And right now, as you know, interest rates remain sticky to the high end.
SPEAKER 04 :
Yes, and there is fear of inflation, too, which is very possible because of the tariffs.
SPEAKER 05 :
On the insurance side, that’s another reason for those insurance companies being positioned well is they’ve been able to raise rates, right?
SPEAKER 04 :
I’ll tell you what else has raised rates. If you go on a trip anywhere on a busy freeway, darn near every billboard is an injury attorney. I mean, that had to have been a boon for the billboard business, which I was once a part of. Those injury attorneys paying big bucks, you know, trying to get people to call 888-888, all 8s, all 7s, all 9s, whatever it is.
SPEAKER 05 :
All 9s. That’s the one here. Yeah.
SPEAKER 04 :
and trying to get that big injury settlement. Of course, the attorneys usually take about 40%, but that’s had to have driven up insurance rates. There’s got to be more lawsuits than ever before. You know, my neck’s feeling a little off today. I think I’ll call that all nines number, see what they can do for me. Somebody’s got to be liable for that. But anyways, that’s just been a good sector in the market. What can I say? You see that in the charts. When I look at the 1,200 charts a day or whatever it is, they all meet my criteria. So they’re going to be pretty good-looking charts to begin with. I’m not looking at bad charts. But then I see the ones that are really exceptional, and I can’t think of an exercise that shows more of what is taking place underneath the surface of the market than looking from the bottom up, right, at the stocks that make up these indexes. Small caps have been on fire recently. They’re doing well because of the drop in interest rates.
SPEAKER 05 :
That’s an interesting stat on small caps. Did you know the last three, so the last three Novembers after an election, you know, we’ve had, I think small caps have gone up 11% or more, which is just, you know.
SPEAKER 01 :
Interesting stat.
SPEAKER 05 :
All three of those were different environments, by the way, so I don’t think it’s necessarily a trend, but it’s just an interesting fact that small caps have gotten their bump, but then it never, you know, it hasn’t followed through, right, with each one of those time frames. Yeah.
SPEAKER 04 :
Okay, now, on the other hand, the large caps, the mega caps, continue to stumble along. Microsoft had a very good day yesterday, a very nice bounce in Microsoft. Apple, you know, it’s trying to break out, but, boy, I saw today that over in China, the U.S. phones, or what they call foreign-branded smartphones, fell 44% year over year. to just 6.2 million units. So I got to believe that Apple’s taken a big hit in their sales of China. And of course, Huawei, which, you know, who knows where they got the technology to build those Huawei phones. I’m sure there’s a lot of US, a lot of Apple technology in there, in the operating systems, etc. But they have definitely taken a big dent out of Apple’s firepower in China. And then, you know, some other weak areas of the market. SolarEdge is going to shut their energy storage division. They’re cutting 500 jobs. The solar and wind, I also read about a big wind farm off of New York. It was going to be built by Total Energy out of France, and they just dropped the whole project when Trump won the election. So France dropped the project. So wind and solar. Yes, and solar is definitely on the outs right now along with wind. Nuclear is one of the hot sectors in the market right now. Biotech’s. Well, we’ll have to see, you know, the new administration. I’ve got to believe they’d be a little bit friendlier to the biotechs and maybe get drugs to market faster. But you’ve always got stocks. I see today Outlook is one. It’s down 81% in the pre-market as lead asset fails in what AMD study. It’s pretty tough to buy small biotechs that might have a product someday. I think you’re better off with a biotech ETF or owning several that are very promising. Yeah, otherwise you’re playing the lottery.
SPEAKER 05 :
I mean, you know, you’re essentially, it’s either going to be a zero and drug not get approved or it’ll go to the moon, right?
SPEAKER 04 :
Yep, one or the other. And the chances of it going to zero are a lot greater than of having a big hit. But, you know, it’s nice to hit. I like biotech stocks, but I guess I like ones that are a little more substantial than this one that’s getting whacked today. Okay, when we come back, we’re going to look a little bit underneath the surface of the market. And we’ve got several earnings reports that have come in from the likes of Dell, CrowdStrike, et cetera. We’ll be right back.
SPEAKER 1 :
Hey, hey, hey.
SPEAKER 04 :
Now, back to the second half of the show.
SPEAKER 01 :
Welcome back here to the second half of today’s Best Docs Now show. You know, when we say small caps, there’s two major small cap indexes.
SPEAKER 04 :
One is the S&P 600, which is a little bit higher quality index. The Russell 2000, there’s a lot of questionable stocks there. So I was just looking today. Okay, so the Russell 2000 is one of the leading indexes here today. Now, let’s just take a look inside the Russell 2000. And see if you recognize any of these names. Sportsman’s Warehouse, number one, it’s up 18%. Well, I’ve been in the Sportsman’s Warehouse, 146 stores, 32 states. It’s a $2 stock, okay, $2.20 stock. And from a market cap, it’s a micro cap. It’s $83 million. So you can see, I mean, it’s not a lot of quality there. Number two mover in the Russell 2000, Arrowhead Pharmaceutical, which is a very small biotech stock, $3 billion in market cap. It’s up 15.5% today. Then you have Fate Therapeutics, which is a $3.10 stock. It’s a micro cap at $353 million. Then you have Blade Air Mobility, which is flying cars, okay, which they hope will someday be a thing. It’s a $4.58 stock. $358 million in market cap. Then you’ve got Urban Outfitters. That’s probably a high quality stock for the Russell 2000, even though it’s a company that is struggling. A lot of, you know, the bricks and mortar stocks are having a horrible time of it right now. Archer Aviation is up 15.1%. There must be news on flying cars today, Barry. There’s got to be. Two of the leading flying car stocks flying today. Then you’ve got STEM, which is energy solutions using AI. It’s a little dot 43 cent stock. So I just wanted to kind of give you an idea of what is in the Russell 2000. When we say that the Russell 2000 is up 2% today. There’s 2,000 stocks in there, and there’s not a lot of quality. There’s a lot of junk in there. The majority of it is junk, and just so you know what you’re investing in when you invest in the Russell 2000. Now, let’s take a look at the S&P 500 by comparison. Well, let’s look at the S&P 600. Okay, that’s a little bit better quality. MicroStrategy is in there. That’s the Bitcoin guy that owns all the Bitcoin. You’ve got SolarEdge, eHealth, which is doing a lot of advertising these days with the Medicare Part D advertisements. Red Robin, Gourmet, Dave & Buster’s. MetaFast, Sleep Number, Marine Max, Dine Brands, which is Applebee’s. That’s the kind of stuff that’s in the S&P 600, which is a little bit better quality. But, you know, look, small caps are very volatile, and you get a lot of junk. As I’ve always said, you’re better off cherry-picking. Some of the stocks within those indexes instead of owning the whole entire index. Now let’s take a look underneath the surface of the NASDAQ today, which is down 112 points. What’s doing it? Well, workday. There’s a couple of software stocks actually that are having a bad day. And the big tech stocks in general are having a bad day. Workday is down 7.5%. It’s the worst performer in the NASDAQ. Autodesk is down 7.5%, which is also a CAD CAM company. That was a very disruptive stock in the architectural industry. Micron is down 4.2. The chip stocks continue to be very weak. Broadcom down 3.6. NVIDIA is down another 3.4. You know, it’s gone down pretty much every day. since they reported their earnings last week. Tesla is down 3.2 today. Intel is down 3.2. AMD, which I read that Nancy Pelosi, that’s her latest buy. I looked at a chart of AMD. That’s one of the worst looking charts. I guess Pelosi doesn’t check a chart. She doesn’t need a chart. Insider information.
SPEAKER 05 :
I was going to say, she knows what that chart looks like a month from now.
SPEAKER 04 :
Yes, it seems that way. She’s one of the best stock pickers in America. Lamb Research is down 2.5. Yeah, it’s a tough day for the semiconductors. Just a really lousy day. The place to be today for the semiconductors is in SOX, S-O-X-X-S, which is three times short the semiconductors. Obviously, you’ve been hammered in this thing over the last decade, but it is up.
SPEAKER 05 :
The narrative is just, you know, kind of, you know, you get these, as you’ve talked about, in terms of trends and stories, right? I mean, it was a, you know, it was an 18-month story, really. And, you know, I think just some of the fervor and some of the, you know, just I feel like, you know, it’s kind of, okay, we’ve been talking about this forever. Just let’s talk about something else just because, right? And so you have the momentum that just came out of it, like you said.
SPEAKER 04 :
Yes, and since I’ve been in the business over the last 25 years, I can’t tell you how many times the semiconductors went out of favor, then they came back into favor. But I would say over the last 25 years, that’s probably the best performing sector in the entire market. It’s changed the world, these semiconductors. And I don’t think it’s over yet. They just kind of have fallen out of favor right now. I think the restrictions on China have something to do with it. But I don’t think it’s all over for the semiconductor.
SPEAKER 05 :
Taiwan overhang probably has something to do with it, I would imagine.
SPEAKER 04 :
Yeah, yep. Okay, now the winners in the NASDAQ. So you can see tech is just totally gone from the leadership in the market right now, big tech. JD.com, Chinese stock up 4.6. Ulta Beauty, which I think is in Warren Buffett’s portfolio. Not a very good stock, not a very good chart. It’s up 4%. Dollar Tree, Walgreens, Pepsi. Okay, those are the leaders. Starbucks in the Nasdaq. So the Nasdaq is kind of out of favor right now since really the Trump election and in the week or two leading up to it. But obviously, many of your great growth stocks continue to be in that NASDAQ. I don’t think it’s all over for the NASDAQ. It’s gotten a little bit ahead of itself. It’s gotten a little bit expensive. And the chip stocks have kind of fallen out of favor for now. But I think it’s just a matter of time before they heat up again. And then over at the S&P 500, how about probably one of the soggiest stocks? in the entire market, Hewlett-Packard. Wow, what has become a Hewlett-Packard? Them and Intel, really. Hewlett-Packard just has not come up with anything in years. This stock is down 13% today. No growth for many years. And then you have Nordstrom’s, the bricks and mortar stock, down 11.3% today. And some of these software stocks are getting beat up a little bit. Salesforce is down 4%. Now, on the upside in the S&P 500, not much to get excited about. Ulta Beauty, Estee Lauder, Bed Bath & Body Works, and Warren Buffett’s Berkshire Hathaway. Those are your winners today in the S&P 500. Okay, so let’s begin the earnings parade here. We own CrowdStrike. in our premier growth portfolio, which we consider to be one of the best large cap growth stocks out there. Their quarter was pretty good. Their sales were up 29% year over year, but their earnings were only up 13%. They’re still coming back from their stumble that they had back in July, but they kept 90% of their clients, okay, only 3% attrition.
SPEAKER 1 :
97%.
SPEAKER 04 :
So I don’t think there’s much to worry about here with CrowdStrike. We have upside potential of over 120% over the next five years. I’m not too worried that the stock is down 5.1% today on four times normal volume. It’s been one of the best performers in the market. CRWD over the last five years has delivered 45% per year, but it’s more volatile than your average stock. Software stocks trade at very high multiples, and they’re subject to, you know, missing a quarter. In this case, CrowdStrike had a breach. That almost took the airlines down for a couple days, and it took Microsoft Office down. But they seem to be coming back. The stock’s up 73% over the last 12 months. We currently have it as a strong buy. In fact, it’s ranked number 30 out of 4,894. When we come back, we’ll take a look at the other stocks that have reported here since yesterday. We’ll be right back.
SPEAKER 01 :
You gotta go where you wanna go, do what you wanna do, whoever you wanna be. You gotta go where you wanna go, do what you wanna do.
SPEAKER 04 :
And looking back here to the final segment of today’s Best Stocks Now show with professional money manager Bill Gunnarsson. There’s not a lot of volume in the market today. So, you know, the moves are going to be accentuated to the downside and to the upside. There’s not going to be a lot of buying in the market today. This is a heavy, heavy travel day today. Friday will be a very light day in the market. The market will get back to normal Monday or Tuesday of next week. And, of course, you know, we’re closing in. By then, we’re going to have just four weeks, just four weeks left in the year 2024, and we’ll flip the calendar to 2025. The market closes at…
SPEAKER 05 :
Yeah, market closes at 1 p.m. on Friday, so a short trading day on Friday. So market’s not open tomorrow, obviously, and then a quick trading session on Friday at a 1 p.m. close, Eastern.
SPEAKER 04 :
We kind of need a little break, a breather. I’ve had to look at a lot of charts. You know, the election really set the market in motion. A lot of stocks that had languished, all of a sudden they got a lot of momentum. And I have to have momentum and valuation, but I do look at those momentum stocks every day. And, you know, I mean, I normally have 400, 500, 600 stocks to look at on a daily basis, but I’ve had 1,200 a day here. since the election because all of those stocks entered into, and a lot of them, Russell 2000, you know, small cap stocks. But it’s still interesting to look through them all. It’s a lot more work. I have found several to purchase here recently. There is some market rotation taking place, no question about it. Some of the areas that were really flying have cooled off quite a bit, and some of the areas that were really cool are starting to fly again. So that’s called market rotation. You’ve had a giant shift, a seismic shift. Going from one philosophy on government and the economy to another philosophy on government and the economy. So it’s only natural that you’re going to see a big shift in the market. It hasn’t been good for the bond market and it hasn’t been good for interest rate sensitive stocks. They’ve seemed to take it on the chin. The protectionism is helping some of our companies here. I’ve watched a deer hitting a new all-time high here recently. That’s the beauty of the app. The app measures the market on a relative basis, one against another. And at any given time on a relative basis, there’s going to be leaders and there’s going to be laggards. And there’s going to be areas of the market that are moving up. And that’s where you look at the sectors. You know, in the app, it ranks the sectors on a daily basis. Obviously, the Bitcoin-related stocks are near the top right now. But you can see the change that’s taken place in the leading sectors in the market, the leading asset classes. Bitcoin is the leading asset class right now. Gold has fallen down the ladder. U.S. stocks obviously are much preferable over foreign stocks, and especially emerging market stocks. because of the tariff situation. Europe’s going to have it tough. Europe’s going to have to overcome these tariffs that will be placed on them. China’s going to have it tough. Latin America’s going to have it tough. Canada’s going to have it tough. It’s going to help some, and it’s going to hurt others. So that’s all part of analyzing the market on a daily basis. And, you know, I think the best analyst I see is looking at individual companies, the micro. The macro, yes, is very important, the earnings environment, the interest rate environment. That’s going to favor some sectors, and it’s going to disfavor other sectors. But then you get into the individual stocks and where the clusters are of stocks that are all of a sudden becoming vibrant in the market and others that are cooling off. And that all helps dictate how to construct a portfolio in this changed environment. I mean, it’s a very much changed environment.
SPEAKER 05 :
That blank canvas you’ve been talking about.
SPEAKER 04 :
And then, of course, you’ve got your soggy stocks to deal with. I see Dell today. Dell kind of got some new signs of life.
SPEAKER 05 :
Kind of fell into it, right?
SPEAKER 04 :
The data center and everything. But all in all, it’s pretty sluggish growth. It’s an $87 billion company. uh michael dell he’s been one of the leaders in tech over the years give him credit i mean this is one of the great stocks of all time but uh you know they took it private for a little while yeah so i mean they’re like a you know they’re they don’t they remind me of kind of like could have gone the way and kind of did for a bit of intel and uh and hewitt packard but uh you know
SPEAKER 05 :
Kind of seems AI certainly is in the server side of that business. It really gave them kind of some new life. COVID gave them some new life whenever they were able to sell a bunch of personal PCs real quickly early on in COVID with folks working from home. But, you know, they kind of fell into a little bit of a good business model to a certain extent.
SPEAKER 04 :
Yes, but it’s down 12% today, and when the app does the valuation based on my formulas, the value grade is an F+, okay? 49% upside potential. So it came into earnings. It’s very vulnerable. It doesn’t have a good valuation, and if you miss at all… There it goes. It’s down 12% today. So that’s another one that has reported here today. Workday’s been a pretty good stock. It has not reached my criteria recently. It’s down 8.1% today, and it’s dragging some of the other software stocks down, such as Salesforce and then, of course, also CrowdStrike. And then Nordstrom’s, what can I say? I mean, it just continues to get chiseled away, hammered away. What has it got going for it these days? Kind of Nordstrom the rack, you know, the discount store. When once it was one of the great department stores in the world, much like Macy’s. It’s just not the same environment for retail that it once was. So that’s another area of the markets that I don’t care for. And that’ll about do it for today. Everybody travel safely today. Enjoy your time with family tomorrow. And take some time off, relax, be grateful for all that we have. I’m a big believer in being grateful and having a grateful spirit and a grateful attitude instead of being bitter and, you know, feel like you’ve been cheated somehow. Anyways, I’m grateful for all of you and all my help that helps me do what I enjoy doing. And have a happy Thanksgiving. And our Black Friday offer, hey, free four weeks of live trading, guttersoncapital.com. Have a great day and great weekend, everybody.
SPEAKER 02 :
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.
