Monday Mar. 3, 2025 A new AI player in China
40:04 Share

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.

And welcome to the Monday. Welcome to March. It is the third day of March 2025. This is Bill Gunnarsson, president of Gunnarsson Capital Management. I'm here with Jeff Webster here today.

Our VP, Barry, under the weather. The market's a little under the weather. What happened? The futures were up. The market opened up. And we go south a little bit here. The Dow is still up. It's up 17 points right now at 4,357. The NASDAQ, however, is now down 132 points. It seems to be NVIDIA.

And I'm thinking, I read news this morning that there's a new AI player out of China that's being funded by Tencent and Baidu and a few others. And that may be what's upsetting NVIDIA today. A lot of competition coming in that AI sector from my perspective. NASDAQ down 0.5%. The S&P is down 12 points right now.

The big mover today is crypto. Trump has said something about maybe using crypto as some of our reserves in the U.S.,

And you've got Bitcoin up 4,457. It was up 6,200 just a minute ago, 89,617. And last but not least, over at the bond market, the 10 years down, or up a couple basis points to 4.25%. So welcome to today's Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management. February is in the rearview mirror.

It's now March, a little bit of springtime hopefully out there in the coming days and weeks. We're not quite there yet in Charleston. We're 35 degrees this morning. But I feel it coming, Jeff. I feel springtime. I planted all my azaleas, or half of them. I still got a bunch to plant this week. But I think things are going to start popping. I hope we can get the market popping again.

You know, we had a rough February, really, and last week was not good for the NASDAQ. Then we finished with the flourish on Friday. I'm not hearing Jeff's voice. Maybe we're not connected. I'm here. Oh, there he is. Okay. I'm here, Bill. Okay. All right. I just wanted to make sure. You know, we had a rough February. We had a big flourish on Friday.

Very strange day on Friday with the Zelensky clash in the Oval Office. It doesn't look like any peace anytime soon over there in Ukraine. And who knows what we're going to do. Maybe we're going to just withdraw our monetary and weapons support for them and let Europe take care of it. That seems to be the direction they're going right now. I did note that the...

The Europe was up today, and the defense stocks also were having a good day. But here in the U.S., we've started to the downside. A lot of pressure on NVIDIA today. I'm going to reevaluate my position there in a few AI stocks that I own. They've come a long ways in a short period of time, and there seems to be a lot more competition kicking up.

in the ai space so we got to keep our eye on that it's coming from china that seems to be the the new space race right uh who can calculate uh who can have the fastest algorithms calculating this artificial intelligence business well the dow was up 601 on monday or on friday and

And the NASDAQ was up 303. The NASDAQ bounced off its 200-day moving average, which is pretty significant. I'll be watching that real closely this week. Can the NASDAQ hold that 200-day moving average? That's considered long-term support. And a break below the 200-day could signal a pretty decent correction coming in the NASDAQ. We have to always be vigilant.

Wall Street fell in February. I'm going to say, Jeff, that the biggest concerns in the market right now seem to be two things. I'm going to say number one is the tough tariff talk from Trump. TTT, tough tariff talk, Trump. There's four Ts. There's four Ts. Dynamite, right? And I'm going to say number two is the cuts, the draconian cuts being made

to government spending, which while on the one hand is good for government, right, and getting that in line and good for the taxpayer, but a lot of that government spending does end up in the economy, too. So, you know, that's a two-edged sword there on the big draconian cuts. Doge, the doge cuts, you know. I agree with you completely on that. You look at...

You know, the rumor that supposedly each of the taxpayers are going to get some type of a

$5,000 credit or whatever, you say, okay, would I rather take that credit or do I want to see my stock portfolio performing well? Yeah. Or do I want to see the government debt go down, you know? Yeah. That's kind of Johnson, House Speaker Johnson says, no, we don't want to send money out. Let's start cutting into that $36.7 trillion as of Friday, right?

and with us still spending $2 trillion more than we take in. Crypto having a big day. It got roughed up pretty good. It got down to $83,000. That's almost a 25% correction. The post-Trump high was $106,000, $107,000 on Bitcoin. It got down into the very low 80s. It's up to $89,000 today as he talks a little bit about maybe, maybe,

looking to crypto as a reserve, a partial reserve currency for the U.S. I just don't know about all this crypto stuff. It makes my left eye twitch when I think of it because it's not backed by anything. That's my issue that I have with it, Jeff.

Exactly. There's no underlying asset, per se, tied to it that performs. You're betting that someone else is going to be willing to pay more for it than you are. Yeah, I mean, it's the proverbial house of cards. It's the proverbial pyramid scheme, in my opinion. But okay, you know, we'll see where it goes. China is likely to target U.S. agricultural products to counter Trump tariffs.

Okay, well, that affects America's farmers. That affects our potato growers, our wheat growers, our soybean growers, our crops. That seems to be where China normally retaliates against us is in that area. And that's the other thing about tariffs. Tariffs have consequences.

And, you know, tariffs against them could mean tariffs against us. At the same time, I see Mexico today. What was I reading about Mexico here? They are going, oh, I know what it is. It's the car manufacturer Honda considers moving Civic, the Honda Civic, which there's a few Honda Civics on the road out there.

They build those things in Mexico, and they're looking to maybe move production to Indiana from Mexico. So, you know, look, that's what Trump is trying to accomplish on his side of the tariff talk, right? And it's obvious that Mexico, they seem to be the first ones to react, you know, because those tariffs are coming back on them, I think, Wednesday, maybe even tomorrow, right?

The tariffs, he levied the tariffs against Canada. He levied the tariffs against Mexico, 25%. Both countries immediately sent troops to the border. Now, I don't know what the status of that is. That happened a few days after the tariffs. He gave them a 30-day reprieve. But they're expected to kick in again now unless there's action there.

And I did see that Mexico is also thinking about imposing tariffs on China, which is an interesting play, okay, to appease us. They're trying to have Trump withdraw the tariff threats from them because it's pretty obvious that Mexico needs U.S. support to their economy. So it seems like we have a lot of leverage over Mexico.

It seems that we have quite a bit of leverage over Canada because they sure came around quickly. And it seems that, you know, Europe is another animal. Those tariffs have not been imposed yet, but I don't think Trump's real happy with Europe, which seemingly kind of got involved in all of this peace talks with Ukraine and may have helped derail that whole deal that we had there seemingly on Friday.

So anyways, that's, you know, Honda wants to be on the right side. They don't want 25% tariffs on those Hondas coming in that are made in Mexico. And I think the tariff talk is disruptive to the market. There's no question about it. And I think those two things...

We're going to go over a review of this past earnings season. We certainly don't have an earnings problem in America. We have kind of an unknown situation. Markets don't like the unknown. What will happen with these tariffs? We'll be right back. ♪ music playing ♪

And welcome back here to the second quarter of today's Best Docs Now show. Okay, I think this is one of the issues with the NASDAQ today. Alibaba and Tencent backed China's ZipUAI.

So you remember several Mondays ago when Deep Seek came out of nowhere seemingly and the market, the NASDAQ, the tech stocks cratered that day thinking that, wow, there's a whole new ballgame. It doesn't require as much power as our AI does. It can be done a lot cheaper.

You know, a lot has come to light since then, and I don't think DeepSeek was really disclosing just how many AI chips it did take for them to produce the results they were producing, but it did seem to be a bit of a game changer. Another one coming to light here, and I think that's upsetting the apple cart here today.

They have raised $137 million in its latest funding round. State-backed Hangzhou City Investment Group Industrial Fund and Chang Capital are among the investors in this latest round. This fresh round of funding comes amid fierce competition in China's AI sector.

And it follows the emergence of rival deep-seek success with a low-cost AI model. All right, another low-cost AI model. And I think, Jeff, just like the software industry has to readjust every so often as new competition comes along,

As new developments come along, I think you're seeing adjustment in the AI industry right now. And I'm talking NVIDIA. I'm talking Arista Networks. I'm talking even the nuclear stocks. Doesn't that seem to be the dynamics behind this right now?

You cannot rest. I mean, every two or three years, there's new players coming out there. I'm excited this week. There is a TMT, Technology, Media, and Telecom conference in downtown San Francisco, and they're breaking the speakers out by various sectors, Bill, Internet, software, semiconductors, hardware, and

And so if you're in the neighborhood there of San Francisco, you can have an opportunity to go in and hear either the CEO or CFO for many of our favorite stocks that we track, Booking, Google, Meta, Netflix. Yeah, those are very important conferences that they hold there, obviously, in the area

In the capital of the world for tech, they're in the Bay Area. So that's an annual conference, right, that they hold? When is that? That's on Tuesday, Wednesday? Tuesday, Wednesday, Thursday. You know, there's a number of folks from NVIDIA speaking, ALAB, ARM speaking.

KLIC. So I'm going to be tracking that very closely on X. Arista Networks is going to have their chief platform officer there. Ironically, tomorrow afternoon, the concluding speaker, Elon Musk, CEO of Tesla. He gets around, that guy, you know. And I see at his dealerships across America, he does have a lot of showrooms and stuff. They have protests.

against him, not for the car, not against the car, but against his work in Doge. He's become a real target. And, you know, look, I mean, there's a divide. There's no question about it. There's a great, great divide. And one thing I was going to add to that whole debacle Friday in the Oval Office, I also read that before that meeting happened, this reminded me when we were talking about Elon Musk here,

that when Zelensky came to America to meet with Trump, and they supposedly had a deal for the rare earth and a ceasefire, he met with the Democrats. Eight or nine Democrats met together, including Murphy from Connecticut and others, and I think Lindsey Graham was in the meeting, and they told Zelensky not to take the deal. So...

And I think Europe was probably working against Trump, too. I don't think Europe wanted, whether they don't want Trump to look good, I mean, what could be wrong with peace? With peace. Absolutely. Seachfire and the killing. Ultimately, what could be wrong with peace?

With doing what's in the best interest of the people. I know. Far too often, people get caught up with their like or dislike of a particular leader or particular political persuasion, and it ultimately can end up hurting the people as a whole. Yeah, and, you know, I mean, I see the same thing with Musk. You know, he's got...

He's got his people that hate him, absolutely hate him for what he's doing. And obviously Trump has those that hate him for what he's doing. And I think there's sabotage efforts out there, just trying to get even with these people. But anyways, that's just my two cents of what I observed on Friday. I didn't know that underlying story. Now that explains why...

J.D. Vance all of a sudden went off on him. Zelensky saying, you know, you were campaigning for our opponents in Philadelphia. The Democrats was Zelensky campaigned for Harris there. And I didn't know about that meeting before, you know, the Trump meeting. And that kind of explains why he all of a sudden went off on Zelensky. So, you know, look, there's a lot of there's a lot of moving parts here right now.

in the world, and we have to be very aware of what's going on there with Ukraine, with China, Mexico, Canada. You can't leave any of it out. There was a Tesla takedown over the weekend. Protesters target Elon Musk's bottom line.

So, anyways, that's just something that I wanted to talk about. It reminded me of that when you mentioned Musk. Now, Rolls-Royce, okay? Let's talk about Rolls-Royce for a minute. Rolls-Royce shares rose to an all-time high on Thursday. Now, my problem with Rolls-Royce is that...

My daily graphs that I use for my charting doesn't have Rolls-Royce in their database. So that chart doesn't come up every day for me. I have to actually go into Yahoo or something to look at the charts because it trades on the pink sheets.

But it hit an all-time high on Thursday after they launched a share-buy program. So here's their irons in the fire. You know, when you think of Rolls-Royce, you think of the movie Arthur or something and him showing up in a half-a-city block long Rolls-Royce and his chauffeur letting him out and everything.

But Rolls-Royce makes a lot of the engines for the jets, number one. That's right. And number two, Siemens Energy is going to supply Rolls-Royce with equipment for, get this, small modular reactors. And so when we say Oklo here in the U.S. and when we say, you know, SMR and Nano...

Don't forget that Siemens Energy out of Germany, big company, S-M-E-G-F, and Rolls-Royce, R-Y-C-E-Y, are both big players. And Europe's in love with nuclear, at least some countries, especially France right now. So I thought I'd put that out there. We'll be right back. But it must be the wrong car.

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 GuntersonCapital.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. Call at the instigator because there's something wrong.

And welcome back to the second half of today's Best Docs Now. Shaw is just looking up Rolls-Royce in the Best Docs Now app, which is up to...

5,044 now in our database. That's something you guys don't see, Jeff and Barry. That database every morning, as I go through the news of the Seeking Alpha, like I think today I added six or seven that are either recent IPOs or stocks that I've missed in the past. So that database continues to build. 5,044. Rolls-Royce is ranked number 146th.

And believe it or not, it was the number one ranked stock here recently in the app. Listen to these returns. If you look at a 10-year return, it's pretty meager. It's 4.8% per year. But if you look at the last five years now, this is when they've really started to kind of change their business model and get more into tech.

Over the last five years, Rolls-Royce has delivered 23% per year to investors, while the markets delivered 20%. But get this. Over the last three years, I mean, this has got to be one of the top ten stocks over the last three years. We're talking about going back to like 2022. It's delivered 88% per year.

While the markets delivered 12. And over the last 12 months. Now, you own a little bit, right, Jeff? Rolls-Royce? I do. Okay, I've got to disclose that because I'm not just pumping your stock here for your benefit, you know. No, it was a good inexpensive buy for me a few months back. You know, you also mentioned Siemens. Siemens is up just over 4%. It's a German-based company.

ADR. So it's put together by and issued by U.S. banks and denominated in U.S. dollars. Bill, that'd be an interesting chart for you to take a peek at. Oh, yeah. I do. Yeah. That's a good one. But, I mean, some of those German stocks, I mean, I'm wearing my former employer's zip-up today, SAP. You know, they're up over 4%. Yes, they had a great year. So some of those

Yeah, they're doing all right. Well, there's some kind of dynamic right now that is favoring the European stocks, which that hasn't happened in a long time. And it seems to be something to do with Trump coming in. As I looked at the leading sectors in the market on Friday, I can't ever remember European financials being the number one ranked sector in the market. And yet it is.

And along with that, you know, I mean, Siemens is a powerhouse in Germany. They're into a lot. Would you kind of compare them to a General Electric maybe here in America, Siemens? Yeah, yeah, they do. I mean, I've known them most notably in the medical industry. They provide a variety of devices.

Medical solutions, everything from electronic medical record solutions to radiological devices for MRIs, x-rays, CAT scans, that type of thing. So they do have...

Security systems, fire systems, there's a number of different, but they're very well diversified in the manufacturing space. Yes. So very much like GE. Yep. And, well, let's just pull up their results. You know, Rolls-Royce is up 110%. Now, how do you buy these stocks? Well, they have a Y at the end of their symbol, so...

For instance, Rolls-Royce is R-Y-C-E-Y, and Siemens is S-I-E-G-Y. And, you know, look, Siemens is a $178 billion company, okay? This is no small player. GE, by contrast, is 220, so about the same. I mean, it's an equivalent in size mega cap company, right?

That also pays a dividend. Siemens stock right now is ranked number 161 out of 5,044. The valuation is, I mean, it's a little overbought here, but look at the performance of this stock here. Siemens, yeah, it's nothing like Rolls-Royce, but it's pretty solid. You know, it's up 21%. Year-to-date, the stock is up 20%.

That's pretty good. I mean, our markets are now slightly down on the year, believe it or not. And SIEGEY is up 20%. So anyways, food for thought. We're looking...

Anywhere we can in the world, really, for buys. Okay, Trump, crypto reserves. Yeah, okay, I'm not a fan of that myself. Earnings this week, GitLab today, Okta, which is, you probably know Okta, software stock. Tomorrow is Target.

Who cares, really? Plug power. CrowdStrike reports tomorrow. Now, that's a big one. Yeah, that's going to be a big one. Of course, Midyear had the big security breach that hurt them, and then there's been a good recovery. I think we're all going to be anxious to see how CrowdStrike does. Nordstromville, you know, the place we bought our suits at 20 years ago, they report that. Yeah.

I don't know how interesting that is. Now we buy our suits online and our tailor is our iPhone, according to some of these commercials I see. You know who else is having a good day today? Palantir is having a good day today. Palantir is up 3.8%. It was up about 7% or 8%.

And then we have this sell-off kind of coming in here to the NASDAQ. Zscaler, another software enterprise stock. Marvell Technologies is going to report this week. Thursday is Costco. I met with a guy yesterday at church. He runs a Costco. He's been with them for 35 years. Let me tell you, he's got a fat 401k. Costco has been good to employees over the years, man.

They made a lot of money in Costco stock. I was in there this weekend picking up a couple of items from the house, and the guy that checked me out, I've seen him, and I know he's in their management training program, so he was going through the front desk

of the store operation rotation. And I was talking about how many years ago I used to sell software to Costco and Jim Simigal, who was the first founder and CEO of the company, he would sit right there in the bullpen with everyone. No, it was a completely open office and he was out there making it happen with everyone.

Most famous for the, it's got to be the $1.50 hot dog forever. Yeah, yeah, that's a lost leader there on the hot dog. Okay, Broadcom reports on Thursday. So there are a few important, but, you know, I've got to tell you, the earnings recap report,

We're going to finish with 18.2% earnings growth versus the same quarter last year. That's pretty astonishing. I mean, when we started the quarter, we were expecting 11% growth. And as the quarter ticked along and as earnings came in, that number consistently went up week by week as companies came in and beat their earnings estimates.

And now we've got 97% of the companies reporting, and we're going to finish with a flourish to 2024, a quarter that was 18.6% greater than the same comparable quarter the year before. So like I say, you know, the market does not have an earnings problem. I will say this.

The valuation has gotten a little better with the sell-off that we had, especially in tech, the last couple weeks of March. It all began with Palantir when Palantir said, you know, the government's going to cut spending, blah, blah, blah.

And now I see Wedbush is defending them today, and that's why you're seeing the market up. They see more IT dollars from Washington, D.C., not less. That comes from Wedbush. But that really started the ripple that went through the tech sector, which then we got hit by the deep-seek.

Today we're getting hit by this new one that's come out, another AI company. But I will say this, the valuation has improved some on the S&P 500. It's not as expensive as it was. And I still see a potential for 7,000 by the end of this year, 6,900 to 7,000. In fact, that's about the consensus estimate. So, you know, as you can see, now that we're down at 5,800,

That looks a lot better upside potential than it did. So anyways, that's a little update there on the earnings season. Okay, Intel is rising today after report of NVIDIA Broadcom testing chips.

on manufacturing process so Intel you know they're still swinging they're not down on the canvas yet they're still swinging trying to come up with something and I also saw that AMD is coming up with a graphics card this is what's hurting NVIDIA today I just figured it out NVIDIA was known for their graphics cards well AMD supposedly now has a graphics card that's superior to NVIDIA's graphics card we'll be right back

And welcome back here to the final segment of today's Best Docs Now show. Tuesday, Wednesday, March 25th, March 26th, a quick trip.

I've got to go down and visit my sister. I talked to her on Thursday. She is not back in her home in Palmetto, Florida. The rising tide, the rising waters. First time that her home has been there for 50 years. And it took on water and the flood and had ruined everything, all the contents, the cabinets, all the drywall.

And you know what? She says the permit process is a nightmare. And that's Manatee County.

And she was told by her builder. Yeah. Are you saying that some of the folks that are looking to, you know, fix, rebuild or whatever down there in Florida are getting hamstrung by some of the bureaucracy? Yeah, the bureaucracy. And she says they're just severely undermanned. They don't have the people there. Yeah.

But she did tell me that they treated her just awful. She goes in there and says, look, look, her builder has to stop everything, right?

And he said, well, Sarasota's got a much better county. He has no issues there. But Manatee County, he said, is just terrible to deal with. So I'm just telling you, if you're a Floridian, what my sister's going through, she's been out of her home since whenever that hit. She got hit twice there in Palmetto. So she's very, very frustrated. So I'm headed down there Tuesday, Wednesday, March 25th and 26th to see her.

one day with her and two days with folks while I'm there at the Westin Hotel and if you'd like to reserve a spot obviously I mean we don't have a lot of spots available 15 to 20 maybe something like that max but I thought as long as I'm gonna be there may as well see you meet with the folks you can reserve a spot by calling 855-611-BEST 855-611-BEST

Call Edie, and she'll put you in one of those slots. The Westin's real easy. You get valet parked. It's on me. We meet. They've got a big, giant lobby there. It's beautiful. And we meet with the folks there. I've done it before. It's a good time. And talk to you about your situation. Now, I'm going to close with this story.

We've got another drug company. Who is it? Let's see. I think it's AbbVie. AbbVie wants in on the weight loss drugs. I read that I didn't watch the Academy Awards. I stopped watching the Academy Awards. It's just, I don't know. I don't care for most of those people. But anyways, I heard that it was anorexia on display.

And I would say, you know, not anorexia. I would say it's Wagovi and Zepbound on display. Speaking of which, this is the time of year for the Kentucky Derby prep races. And, you know, I grew up with my father and Southern Californian mother,

My dad would – you know all about Santa Anita Racetrack, Jeff. You weren't too far from there. Yeah, Big Real Valley there, yep. And my parents would take – my dad would take me to Santa Anita Racetrack. I was a 10-, 11-year-old kid, 8-year-old.

And my mother would be planning her Sunday school lesson for the next day. She'd have her Sunday school manual to give the lesson. And my dad would have his racing form, right? That was the dichotomy that I grew up with. But I got to know. You know, I've seen some of the great horses of all time. And I've been to one Kentucky Derby. So I still follow it. And I watched three Derby preps on Saturday. One at Santa Anita.

I think there's a player in Santa Anita. His name is Journalism. Keep an eye on him. But then I watched the Fountain of Youth in the Gulfstream down in Florida. And then I watched the Gotham Stakes up in New York.

But there's a trainer called Dale Romans. He's been around a long time. If you've ever been to the racetrack or if you've followed the Kentucky Derby, he almost has a horse every year in the Kentucky Derby. And one way you remember Dale Romans, I mean, he's a heavy set guy. I mean, he's 400 pounds, 350. And his wife's a little tiny exercise rider. They're the odd couple. They're proverbial odd couple.

They're interviewing this guy on Saturday. And underneath it says Dale Romans. I said, is that Dale Romans? Is he sick? Does he have cancer? And they said, no, he's lost over 100 pounds. And I've got to believe it's not through the gym. It's not through eating right. And I've got to believe he's living testimony there of either Zapp Bound or Wagovi.

It was just remarkable. I mean, if I was Lily...

I'd be taking some of these people and doing commercials. You know, look at how much weight. Dale Romans, here he was before, here he is now. Call us at Lilly Direct now to get yours upbound on the way in the mail. Do they have to say past performance is not indicative of what future results might look like? Well, yeah. The other thing of that is jockeys have to weigh in when they show up at the track every day. They stand on the scale. They have to weigh in. They have to make weight.

We know all about that. We had dinner with Mike Smith a couple of times and the other jockeys in San Diego during Del Mar season and

A lot of them purge. They'll eat a meal, and then they'll excuse themselves, and they purge, right? But trainers don't have to weigh in, you see, just the jockeys. But Dale Roman, I could not believe it was even the same person. So there's another success story. And that's why Lilly is the number one ranked stock in the app, LLY. It's not Tech.com.

It's not a biotech hoping to have a drug someday. They have a drug, and it is a phenomenal drug in ZepBound. So anyway, so that's my two cents there. All right, so we're still doing the four-week trial. I've got hundreds of people that I'm sending out alerts to all throughout the day.

They get the newsletter every weekend. I did another full Monty newsletter like I do every weekend. That went out early Sunday morning finally when I finished it with all the other things I had to do this weekend.

And, you know, you get the live alerts and you get access to the app that has 5,044 different stocks, ETFs, mutual funds, asset classes, commodities, etc. And ranks them with my proprietary AI, the algorithms that I put into the app.

And the app is an amazing tool for keeping you in the right places and out of the wrong neighborhoods in the stock market. To get the four-week trial, go to GundersenCapital.com. To set up an appointment with us, either in person in Sarasota or over the phone, Zoom, whatever, call 855-611-BEST. 855-611-BEST. Have a great day, everybody.

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.