In this edition of the Best Stocks Now show, Bill Gundersen and Barry Kite delve into the hectic world of market trends and AI advancements. The episode navigates through the shifting tides in stock market indices, pointing out both promising opportunities and potential perils in the current market climate. The hosts discuss the buzz around Jensen’s recent interviews that challenge the notion of market bubbles, despite the speculations that persist in financial circles.
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 morning. It’s the midweek edition of the Best Docs Now show on this October the 8th. This is Bill Gunderson, president of Gunderson Capital Management, and I’m here with Barry Kite, our chartered financial analyst. And we had a mixed open. Now, boy, look at that. We’re getting a little bit of lift, a little buoyancy coming into the markets here again. As the NASDAQ now is up 150 points, it’s AI stocks doing the trick today. The NASDAQ’s at 22,938. Closing in on 23,000 for the first time in its history. The Dow is up 13 now. It was down 70, but it’s turned around. 46,616 on the Dow. The S&P up 22 to 6,737. Small caps, the Russell 2000 up three points to 2,461. Interest rates are down a little bit today. I noted this morning we were down a couple of basis points. We’re at 4.11 right now. Gold is hitting an all-time high again of $4,056. It’s up another 1.3% today. Crude oil is up 1%. And Bitcoin is down $1,900 to $122.425. So welcome to today’s Best Stocks Now show. with professional money manager Bill Gunderson, president of Gunderson Capital Management, a nationwide fee-based only firm. And I’m here with Barry Kydar, chartered financial analyst. It almost seems like something happened here just before, just after the market opened. Maybe there’s headway on the government shutdown. I don’t know. But the Dow was down 70, and now it has surged into the green, Barry. And the NASDAQ, boy, there’s just no stopping that thing right now.
SPEAKER 03 :
I think it might be Jensen’s comments in an interview in terms of, you know, he kind of downplayed the, you know, we keep hearing, I heard a funny person say a couple days ago, the bubble talk is we’ve got a bubble in the bubble talk because that’s all we hear about right now.
SPEAKER 04 :
Yeah, there’s a bubble in the bubble talk.
SPEAKER 03 :
You’re right. That’s a good point. And so Jensen basically downplayed, you know, that bubble, I guess, this morning. So, you know, we’ve got NVIDIA making a deal with XAI and, you know, NVIDIA up 2.2%. And lately, if NVIDIA is up, probably the rest of the market.
SPEAKER 04 :
Well, I’m not so concerned with the bubble in NVIDIA. Yeah, right. It’s the companies that are floating convertible bonds to buy Ethereum coins or coins that I’ve never even heard of before. That’s where I have the issue. And some of these long-term stocks that have no prospects for earnings anytime soon, I agree with Jensen Wang. I mean, the good, solid companies, the NVIDIAs and the Netflix and the AMDs of the world, I’m not so much concerned with the bubble there. It’s the speculative bubble, which usually appears first. Okay, and then the other ones kind of follow, but there’s a lot. In fact, I’ve got several examples here today that I’m going to use. The market looked a little tired to me yesterday. You know, it’s hard. I mean… You know, you put wood and you get the fire going and eventually it starts to burn out and it needs new fuel to keep going and more new fuel. And it just seems like at some point the market’s going to run out of fuel. But the money continues to pour into gold. $4,056 per ounce today. That’s crazy. And, of course, money continues to pour into Bitcoin, although it had a pretty good correction yesterday. Bitcoin’s at $122,000. But it’s those little… As I look out in the area where I live, the low country, you’ve got the main bodies of water, the harbor, and the main giant rivers that feed that harbor. But when you get off into the little streams and the creeks and whatnot that are about one foot deep, you’ve got to be careful with your navigation around here. That’s where this market, the money has spread to, is these little creeks, these little nooks. Every place where there’s six inches or more of water there, there’s money pouring into that yeah i mean in the tide can in the tide can go out real quick and and guess what those little creeks of water are left high and dry and uh the oyster beds are exposed uh and uh the mud the pluff mud is exposed and it stinks and everything like that so uh there there’s where i have uh issues with the market right now so what I’m not calling it a bubble. We’re still in the sugar high phase, which is creating the bubble, and we’re definitely very much so. In many areas, there’s a sugar high. Okay, I saw Apollo Global Management’s chief economist. I always like when these guys… I figure they’re smarter than me. These guys study one little area of the market for the most part and are very in tune with it. He says that the slower job growth stems from labor supply constraints, not economic weakness. And I would say that there’s something to that. I still see help wanted signs everywhere, and they’re paying more and more to get that help to come in. With kids making millions of dollars in Bitcoin sitting on the couch looking into their iPhone, That’s got to create some kind of labor constraint. I mean, you know, you’ve got obviously a lot of the immigrants, illegal and legal, that have come here. I’m sure that’s filling some of those gaps. But it’s interesting to hear him, Torsten Slocke. He’s pretty well known. Oh, yeah. Chief Economist. saying the deceleration in hiring reflects weaker labor supply rather than a waning demand as GDP, consumer spending, and business investment remain robust. He says the bottom line is that the labor market is not due to weaker labor demand but rather to weaker labor supply because of immigration, AI implementation, and a normalization of job growth in the public sector. He explained that under the current pace of economic growth, non-farm payroll should be adding roughly 263,000 jobs per month. However, a sharp slowdown in the growth. of the foreign-born labor force, okay, so the border, right, the sealed border, has limited the pool of available workers while advancements in artificial intelligence are enhancing productivity and reducing the need for additional hires in certain sector. So that’s an interesting take. on the jobs market right now.
SPEAKER 03 :
He’s always one of those guys where if I hear, we always talk about having the financial channels on, but on mute, and when he pops up, he’s usually one. If I’ve got some time, I’ll take it off mute and see what he’s got to say for a moment.
SPEAKER 04 :
Yeah, I don’t know. Torsten Slocke. Sounds like he might be on the same neck of the woods where some of my answers came from. That sounds very much Scandinavian to me. So that’s another reason I like him. Now, you’re talking about this XAI. Okay. This is just another one of Elon Musk’s businesses. This is his artificial intelligence startup, XAI, has been raising more financing than initially planned. Okay, this is another nook and cranny where money is being thrown at startups. This thing was oversubscribed. They easily raised a massive $20 billion. Okay, so you’re throwing money into a private company, but a good one. And again, what gives me the heartburn is money being thrown at small private startups that will maybe probably never see the light of day. That’s where my issue is, not with the XAI. And of course, NVIDIA, Jensen Wang threw $2 billion. at Elon Musk startup, which is his own version of artificial intelligence. Now remember, there’s Anthropic now, there’s OpenAI, there’s Google’s brand of AI, there’s now Musk’s brand of AI. These different AIs are popping up all over the place and money being thrown at them. And in the end, there will be two or three survivors. Okay, that’s just the way things work out. But anyways, Jensen Wang is regretting that they didn’t give him more than $2 billion. Musk recently appointed a former Morgan Stanley executive as CFO. of XAI and X, two of Elon Musk’s private companies that have not gone public yet. We’ll be right back.
SPEAKER 07 :
The city of New Orleans I’ll be gone in 500 miles when the day is done
SPEAKER 04 :
And welcome back here to the Best Stocks Now show on this Wednesday, October the 8th. Appearing on CNBC, Jensen Wang, 62 years old, said he was excited about the Musk-led company’s financing opportunities. And he regretted not giving XAI even more money. But look at this, Barry. He gave XAI $2 billion. So by owning NVIDIA, you have exposure to XAI. But he gave OpenAI $100 billion or an intention to invest up to $100 billion in several tranches over time. and of course uh… both of these are private companies but he’s giving open a i fifty times what he’s giving uh… uh… too much he also regrets not investing more money in the core we’ve so there’s a hot tip for you we’ve owned we own courtly for about a month here right after a win public and it’s shot up and i said you know what that’s a gift from god there we’re gonna walk away from that one right you know it’s like wow Okay, and then Wang’s comments come just days after a similar deal, of course, with OpenAI. And he also touched on a number of other subjects during his CNBC interview, including the fact he did not know about the deal between AMD. and OpenAI. I mean, OpenAI is probably the hottest thing in the world today. It’s a private company. It is the source, really. It’s the mothership. It’s the mothership of AI, and I think you can say Sam Altman is kind of the father of of AI. And by the way, I watched the first half, the video portion of the interview between Tucker Carlson and Flynn. I don’t know Flynn’s first name. but that was just his take, very interesting, this Flynn guy who links AI very much so with the occult that invaded rock and roll in the 60s, 70s, and 80s. So anyways, take a look at that. That’s an interesting interview. Wang, who leads the world’s most valuable company, Also spoke on other subjects and whatnot here. But anyways, OpenAI, NVIDIA, AMD, there’s your nucleus right there pretty much of AI.
SPEAKER 03 :
The interesting thing, though, is this is what I like about Jensen, he’s giving them Putting in $2 billion, and what are they going to do with the $20 billion they’re raising? They’re going to use it to lease some NVIDIA chips for, I think, five years to build out the Colossus II data center in Memphis.
SPEAKER 04 :
They’ve already got their next chips, too.
SPEAKER 03 :
They’ve given the name to them. I can’t think of it right now. It’s almost like seller financing. It’s kind of interesting. It’s hard to tell what the deal is completely because it’s in one of these special purpose vehicles, and the purpose of a special purpose vehicle is to be somewhat anonymous anyway. We probably won’t get the full details of the deal, but it’s definitely adding some fuel to the AI for you today. Yes.
SPEAKER 04 :
Okay, another one where I think there’s a sugar high. You know, this whole business of sat phones, satellite phones, that’s been around for a long time. I mean, growing up in San Diego, and, you know, these boats that go way offshore fishing, the long-range boats and whatnot, they’ve had sat phones forever. You know, but it was more of a specialized kind of thing, and you paid a lot more. We had in Point Loma, we had a giant store that sold sat phones to yacht captains that chased tuna during the summertime. A satellite phone store, right? Yeah. It was. I mean, because there was a huge market. If you ever go to San Diego Harbor and see all of the yachts, big mega yachts, not so much mega yachts, but fishing boats there in that harbor, they needed sat phones to communicate or… uh… to uh… to put out of distress uh… message signal okay so sap phones are not a new thing but i suppose the commercialization and the uh… democrat does the a lot of putting sap phones into everybody’s hands now on their iphone and really that’s not a big giant breakthrough either i mean uh… t-mobile’s offering it right t-mobile teamed up with elon musk starlink Which means that, you know, you don’t need a cell tower. You can get your satellite, you can get your cell phone directly from satellites using Starlink’s internet connection. Well, this AST Space Mobile signed a deal today with Verizon. Okay, so Verizon went with them instead of Elon Musk. And AST barely has any sales at all. They’ve had $3 million in sales, and all of a sudden this is a $29 billion company. These are the kind of bubbles and sugar highs that worry me. This stock’s hitting a new all-time high. It’s $81 a share. It’s up 9% today, hitting a new high. Now, if I thought that this was a new technology, it’s out of Midland, Texas. uh… it’s not i mean this is old technology uh… it just happens that they signed a deal with verizon okay so verizon’s gonna pay them for access to their satellite network at asts and i have i know i understand that you know finally we’re seeing the little guy like chat gpt the little guy could get chat gpt once microsoft announced it it’s the same with the satellite phone Now you can get it through T-Mobile, who uses Musk, Starlink, or you can get it through Verizon using AST SpaceMobile. Will this be a highly profitable venture for ASTS? I’m not so sure about that yet. I don’t know that Starlink is that profitable yet because it costs so much money. Think of the overhead. This isn’t like putting up cell towers on Highway 17, right? You’re launching satellites. Right. This is expensive, expensive overhead and infrastructure to build this network. And development. I mean, R&D even. Just count me a skeptic on these stocks. But it’s surging as they strike a space-based network partnership with Verizon. Okay. Okay. It seems like Musk is in the news every day. And by the way, Jensen Wang’s other comment was, I want to be invested in everything Elon Musk does. That comes from Jensen Wang. So obviously that’s Neuralink. That’s Starlink. It’s XAI. It’s the company formerly known as Twitter named XAI. which someday I suppose will be a public company itself. Now, he did not crack Elon, that is, did not crack the $30,000 mark with the cheaper version of the Model Y, but he did crack the $40,000. $39,990 will get you the cheapest version of the Model Y, which has a 325. So there’s your starter call. There’s your starter car for your boy in college. Get him a Model Y for $39,990, Barry, and he can come home, see you on the weekends, and rate your refrigerator. Yeah, can’t go too far. And he can’t get in too much trouble, 325 miles. We’ll be right back.
SPEAKER 05 :
This is Bill Gunderson.
SPEAKER 04 :
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 :
Call out the instigator because there’s something in the air.
SPEAKER 04 :
And welcome back here to the second half of today’s Best Stocks Now show. Now, we own a few of the sugar highs stocks, although I’ve got them on a very short leash right now, and I have let go of a few that had some big gains in them. Rocket Labs rallies to an all-time high after signing a new multi-launch contract. Rocket Labs builds very sophisticated types of satellites and launches very sophisticated satellites. They signed another multi-launch deal with the Institute for Kyushu Pioneers of Space. the primary launch provider to deploy their commercial Earth imaging constellation. So there’s a lot of rocket talk here that is highfalutin stuff, but let’s just look at the stock here today, which we own in our emerging growth portfolio. Rocket Labs, you know, unlike AST Space Mobile, Rocket Labs has done about a half a billion dollars in revenue this year, sales. Okay, so they’re not quite profitable yet. But it’s one thing to have, you know, hardly any sales whatsoever. Obviously, AST SpaceMobile will get a lot of sales eventually from Verizon. Whether or not it’s profitable or not remains a question. But Rocket Labs is already, I mean, their most recent quarter, they had $144 million in sales. And their last four quarters have exceeded $100 million in sales. So anyways, RKLB out of Long Beach, California.
SPEAKER 03 :
Well, I think we had, what, the largest, didn’t we have the largest IPO ever involving essentially space or rockets this year at some point? I forget what the company was that came public, but it’s been… It’s all over the place. I mean, nuclear, small nukes. Yes, and space.
SPEAKER 04 :
You could throw space into that sugar high stuff. And, of course, Cathie Woods has an ARC fund that is just space-related stocks. And, you know, obviously this is one of those smaller creeks out there on the overall water table that’s receiving water right now. and is brimming with shrimp. But when the tide goes out, I mean, these are the ones that will be the most vulnerable. You have to remember that. But it is hitting a new all-time high today. So, you know, that’s where the charts come in very handy for me when I kind of start to see that high tide, high water mark, and it starts to recede. That’s when you want to get out of the creek or you’re going to be high and dry. in that thing we had i saw a guy one time out here in front of my house we have a sandbar in the middle of the uh the river i guess he didn’t know about it he didn’t have navigation equipment on his boat he ran high he got high and dry on that sandbar had to wait till high tide to get off which is a six hour cycle you know you gotta wait six hours finally he floated his boat But when the tide goes out on a stock, it could never come back in. You may have to wait years for it to ever get back to that level and rescue you. So you have to be a little bit careful. One thing that I did send out yesterday, we had somebody transfer a bunch of leveraged single stock ETFs. I would get off the leverage right now. If you’re on leverage with single stocks or any of these sectors or indexes, I’d be a little bit careful with those. because of this sugar high that we’re in right now. Okay, now, one of the people on CNBC that I do respect, Karen Feinerman, I do listen to her because she’s like me. She’s been in the trenches with trench warfare for over two decades, I’m sure, and saw the NASDAQ get clobbered in the year 2000. She says there’s an AI land grab going on that’s putting stock valuations in a frenzy. she believes that the artificial intelligence sector has become frenetic despite its long-term promise the investment expert expressed caution about current ai stock valuations noting that while ai will be enormous for our lives a long time she’s increasingly uncomfortable this would describe my feeling with how to assess valuations in what she described as a land grab environment. So she’s using a little bit of a different analogy here. It does feel very much like a frenzy pointing to creative deals like the AMD OpenAI partnership of indicators of the market’s heated state. So anyways, despite her concerns, Feinerman acknowledged that her own definition of value and investments has evolved with the market. And she says, I mean, you can cite companies like NVIDIA and Netflix where you don’t see that sugar high. I mean, they’re definitely expensive. But you can definitely rationalize premium valuations. But when you get down to these companies with very little in the way of earnings or sales, that to me is where the really troubling area of this market is. So anyways, that comes from Karen Feinerman. Johnson & Johnson’s hit… Now, how can a jury, this woman got mesothelioma from their talc powder, and they awarded her $966 million. Now, this is California. This is Los Angeles. How would you like to be the guy that ran the ad on TV? $966 million? Yeah, they didn’t quite think it was worth a billion, but they did award her $966 million because the company’s talc-based baby, I’d like to be the attorney that represented her, gets 30% of that. She got $16 million in compensatory damages and $950 million in punitive damages. Johnson & Johnson is going to have to appeal that one.
SPEAKER 03 :
How much did they have to pay for the entire suit initially? Because they’ve certainly settled some. I mean, that’s a large number.
SPEAKER 04 :
Yeah, well, they should have settled. I mean, I’m sure they offered her something, and she said, no, let’s roll the dice. And the dice came up $966 million, which…
SPEAKER 03 :
How do you arrive at that number? I’d like to see where it comes out on appeal. Granted, you can’t really put a value on a life, but at some point, that’s what they’re doing. Well, it remains a major headwind for Johnson & Johnson, right?
SPEAKER 04 :
In April, a federal judge in Texas denied the company’s third attempt to resolve the claims through a Chapter 11 bankruptcy of a specially created unit established to settle the cases. So they would love to get it all just settled and get that overhang because they’ve got all these ticking time bombs out there like this. Not counting if Tylenol, which was a Johnson & Johnson product, as far as I remember, does cause or is linked to, I haven’t seen the science on that yet, is linked to, you know, the, what do you call it, autism. That’s another huge cloud hanging over Johnson & Johnson’s head.
SPEAKER 03 :
All right, now here’s where we get into this. You want to guess what the institutional ownership real quick is?
SPEAKER 04 :
They own every share of Johnson & Johnson.
SPEAKER 1 :
73%.
SPEAKER 04 :
Yeah, and that’s a problem because how do you move the stock? The only thing is to go out of the stock, really. You’re not going to blow. But it has had a pretty good 12-month period of time. But over the last 10 years, it’s been pretty much a disaster. Now, here’s where we get into this bubblicious. I get emails almost every day about some new product being brought to the market by, oh, whether it’s Putnam, whether it’s this distributor or that distributor, Aries Management. I saw this one yesterday, and I see it in the news today. They’re doing private infrastructure. Now, Barry, I would say the same thing about private infrastructure companies. Why do you need to invest in private infrastructure companies when there’s a plethora of public… infrastructure companies that have looked immediate liquidity it’s the same thing as the private their uh… reits that i don’t think turned out very well in my opinion uh… those non traded reits had a buzz about them because all boy this is something product like private label on the shelf only certain people are allowed to buy this stuff you gotta know somebody No, these are private companies, highly illiquid. Why would you buy private infrastructure companies when you can go out and buy some of the best proven public ones in the world? It’s just, there’s your sugar high. We’ll be right back.
SPEAKER 06 :
Go where you want to go. Do what you want to do with it. Whoever you want to be. Go where you want to go. Do what you want to do with it.
SPEAKER 04 :
And welcome back here to the final segment of today’s Best Docs Now show. A little bit more sugar high stuff here that I wanted to bring up. Let’s see. We’ve got a couple of them jumped off the page at me here today. Nanonuclear raises $400 million in an oversubscribed… private placement okay there you go barry i mean there is so much of an appetite and so much demand uh for anything and of course nano nuclear all right so let’s look uh at the uh i own a little bit of nano nuclear in my in my the same uh shoe box where i keep the lottery tickets and the uh You know, the futures on who’s going to win the Super Bowl. Stuff like that. You know, your long-term bets. Nano’s down 12.2% today because they’re doing a secondary offering. They’re floating more shares. I saw an article today, a company in Nevada, probably a rare earth miner, they got approval to raise their authorized shares to $1 trillion. Just in case. Just in case. Just in case. So they’ve got a printing press down in the basement printing shares and floating them, and they’re usually oversubscribed when they put them out there for sale. Everybody makes money. The printer of the stock certificates, The brokers that sell them, there’s big, big money in doing a secondary offering to the firm that does it. You have to distribute it. You have to sell those shares so the company hires an investment banker. Sometimes the big guys, the Goldman Sachs of the world, and they charge a fee. They charge lots of fees. That’s all that M&A type stuff that you hear about. Now, Nano has zero in the way of sales in NE. They have zero in the way of earnings, obviously. Without any sales, you can’t have earnings. You’re burning money. It’s a $2 billion market cap. Hopefully, you know, they come up with something. They’re trying to develop portable, portable. You know, look, you can fire up your smoker at the church picnic with a little portable nuclear reactor, Barry. The pig is done in 30 seconds. It’s a little on the blackened side, but dang. You know, that’s a big deal around here doing whole pigs, right? You do that whole pig. Oh, man, is that good stuff. Wow. They smoke it all night long, you know. But now you can get a little portable nuclear over at the Home Depot. Anyways, it’s down 13%. But, you know, when I teach the CANSLIM acronym, the S in CANSLIM is Shares Outstanding. You don’t want a whole lot of shares outstanding because it gets very difficult to move a ship. There’s got to be a lot of demand to come up to sop up that supply of shares that are out there. I can’t even imagine a trillion shares. Unless they’re a penny apiece or two cents apiece. But this floating of shares, why is Nano down 13.4%? They just eluded everybody with the private placement of $400 million. Another sugar high thing that I’m seeing happening is these companies that have no business plan whatsoever, you know what they’re doing? They’re circulating tokens. They’re buying tokens. Or they’re using the money to buy down-the-line cryptos. Not Bitcoin, but way down the line. They’re getting into the Dogecoin category. safety shot which had a product supposedly if if somebody over uh indulges at the bar on a friday night they can give themselves a shot supposedly this was the hype behind the company and and it sobers them up and they’ll pass the blood tests in case they get pulled over on the way home well it hasn’t worked out So now they’re circulating bonk tokens. Bonk? Yes. It’s a meme coin platform, letsbonk.fun. So safety shot. This is the sugar high type of stuff. This is the tributary off of the tributary that rarely sees water, only in extreme high tides, king tides, which we’re having one today. I’m watching it out my front door here. And our back window on the river.
SPEAKER 03 :
This is crazy stuff, right? Shot was called a rapid alcohol reducer. It’ll sober you right up.
SPEAKER 04 :
You know, I’ll tell you what else.
SPEAKER 03 :
Narcan for alcohol.
SPEAKER 04 :
When the tide starts going out on some of these little streams like we’re seeing, that’ll sober you right up, too, if you’re invested in them. Here’s another one. This was a weed stock, flora growth. Now they’re acquiring 772,000 O0G tokens. How much is, is this like a Pokemon kind of thing, token? And they’re going to pivot. They’re going to rename the company Zerostack. They announced the purchase of 772,000 and they just raised $400 million in an offering to buy these zero G tokens. at $38.85 per share. Now, this is the crazy stuff. And the stock’s up 7%, which is the sugar high you’re talking about. Yeah, and how about the people that gave them $400 million in a private placement to get shares in this thing? Here’s the company, Nevada. Here’s another one, accepts FG Nexus. This is FGNX. You can look that up. They got approval by the Nevada and their articles of incorporation to increase the company’s authorized shares to one trillion. What’s it trade at? FGNX, like three cents a share or something like that. It’s a piece of nuclear waste. Okay, here’s another one. BitDigital. BTBT acquires 31,000 Ethereum coins using 150 million convertible notes offering. So some M&A advisor does this offering, packages it, sells it to folks, and now they own a bunch of Ethereum coins through their convertible notes. There’s the sugar high area. When I see this, this is very, very troubling at the outer reaches of the market there. All right. Keep yourself safe out there. There’s some small craft warnings flying right now coming from Gundersen Capital. Even though the market continues to hit new highs, gold hits new highs, to set up an appointment with us, 855-611-BEST, to get the newsletter four-week trial with the live trades, GundersenCapital.com. GundersenCapital.com. Have a great day, 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 SIBC and FINRA.
