Monday May 12, 2025 - Retail, Logistics, & Industrials soar on China Trade Deal!
40:02 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, it is the Monday morning China pause 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, and if you haven't heard Barry's

There was good news coming out of China, but I'm just going to tell you that this big gain in the market today, much of it is a lot of short covering in the retail stocks, okay, where we don't have a lot of exposure. I mean, we're up today, but not as much as we would expect. The big tech stocks aren't up as much as, like,

Oh, you know, like Abercrombie & Fitch and Gap Stores and things like that. But it is up today. The Dow's up 1,000 points. You've also got a lot of the cyclicals that are up today. That's a 2.5% gain on the Dow, 42,277. The NASDAQ is up 3.6%, but I've got to look into that. It's got to be a lot of the retail stocks, the dollar trees of the world.

The NASDAQ's up 3.6%. That puts it at 18,574. The S&P is up 2.6% right now. Small caps are doing best of all, and that's just an indication that there's a lot of underneath-the-surface companies that were really afraid of the tariffs that are bouncing big today. Small caps are up 3.9% this morning on the Russell 2000.

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.

And I said it before, and I'll say it again. I like Scott Besson as our Treasury Secretary. The man is very, very capable. And I think we're very fortunate that the guy would leave. I mean, he's a billionaire probably. He didn't have to do anything. Very successful career. I don't know what the paycheck is for the Treasury Secretary, but I don't think Janet Yellen was any kind of a billionaire or anything like that.

I think he's doing it for the good of his country. And obviously there was progress. What if you call that progress? I mean, they each lowered their tariff by 115. So 145 goes down to 30, and 125, I think it was, or 130 goes down to 15.

Or 10. No, 15 on our goods. Maybe 10. It could be 10. I think it was 10. Yeah, I think I saw something where it was kind of 10 and 30, you know, between U.S. at 30, I think, and then China at 10 across the board during this period. So once again, Charleston sends a man to Washington, D.C. as happened before to shake things up. And I did hear that he has sold his home. He doesn't live in that big pink house down south. He got sold, huh? He did actually sell. I don't know.

You need to investigate, look up what the selling price of that thing was, but it has to be in like the $20 million range. I mean, it's right there in the battery, on the water. It's a massive mansion. Probably from the 1800s. Yeah, I think it was listed at $22.25 million. Oh, yeah. Who bought it? I don't know.

It says, you know, and by the way, it's the old John Ravenel house at 5 East Battery. So if you're in Charleston, drive by the Battery, and it's the big pink one. I think there's a couple of pink ones here and there, but you'll know which one it is. Well, I've been saying something's got to give. I mean, basically, all trade came to a halt there last week, and, you know, I said this was last Monday. Something's got to give, and it's going to give this week, and it did.

And he flew to Switzerland, and in Switzerland there was no news out of Switzerland on Saturday. Who knows? I mean, anything could have come out of there. They could have ratcheted. And then the news started breaking late afternoon yesterday, I'm going to say. And, you know, a pause. And, you know, I did notice on Friday there was a lot of momentum in the market. So obviously the market was pretty optimistic that something would happen there.

You know, they don't have a deal ironed out. I think they put everything on hold. I think the escalation got their attention. Yeah, it got their attention all right. I mean, their factories came to a standstill. The boats came to a standstill, bringing in the goods from China, etc.

And that definitely got their attention that something's got to change. And, you know, I mean, Trump's tactic, let's begin with 145 percent there.

Tariff, and we'll work our way down from there. Start high, work our way down. And so, you know, that got the attention. So they agreed to slash tariffs for 90 days. They're probably back to where they were before it all started. I don't know where our tariff was with China before this all started. And so now they're going to have 90 days to hammer out the details and come up with a final tariff. And I'm sure it will be different on different products, but

But right now, like I say, each country cut tariffs by 115%. China's imports go from 145 down to 30. I don't think we were charging them anything before. And it cut tariffs on U.S. imports from 125 to 10. And that's for an initial period of 90 days.

And I think between now and then you're going to see more meetings take place. Besson said it was a productive and constructive meeting. He was thankful to Switzerland, which seems to be a place of peace and neutrality, which helped. And they did come to an agreement to ratchet down the...

The tensions and the ratcheting up of tariffs. So anyways, things are kind of back to normal right now, if you can call it normal. And the earnings season is now over. We'll get to that here in a bit. Well, we'll get to that right now. So that is behind us now, at least the 145. The standstill. I mean, you had a total standoff.

in trade between the U.S. and China. Okay, the earnings picture. When we started this quarter, we were looking for about 6% or 7% rise in earnings versus the same quarter last year. Right now we're at 12.1%.

We're now looking for $63.89 for the first quarter of the S&P 500. If you annualize that, I mean $63.89, that's $64. That works out to $2.56 this year, which would be record earnings. We were at $2.20 last year. I saw gold came in with $2.57 or something like that.

And so the earnings picture is still very good. What did the S&P make last year, the first quarter of this year? $56.45. And this year it's $63.89. That's a big, big gain in just one year's time. The net profit margin for the quarter is expected to be 12.1% profit margin.

A lot of companies would kill to have a profit margin like that, but that's a blend of all 500 companies, the ones that make big, fat profits and the ones that eke out very slim profits, the Walmarts of the world. The S&P 500 forward PE goes up to 20.5 this week. That means we're paying 20.5 times the next 12 months' earnings estimates per

And that is about average right now. Over the last five years, the average has actually been 19.9, and we're at 20.5 now. So that cheap market that was there for about a month disappeared. And I did sound the horn. I sounded the trumpets there on March the 8th. I said, these tariffs are going to work.

And you'll be very disappointed if you sell your stocks here. And look, we're up 14%, 15% since that day. But a lot of the easy money, obviously, has been made in the market. But don't forget, I mean, we were all down at that point also. So now you're kind of back to where you were, not quite to where you were before this all began. And so we're still at fairly rich multiples right now.

We were at very low multiples four weeks ago, but opportunities like that can disappear very, very quickly. This week we're going to hear from some companies. We're going to hear from Cisco, which is trying to get into the quantum game. We're going to hear from Walmart. And, you know, those are the stocks that are really doing well. I think when we look at the indexes and who the leaders are, I think you'll be surprised that it's a lot of,

Kind of second-tier names that haven't really led the market here in 2025, ones that would have really been impacted by the tariffs. I mean, look at Gap, right? Yeah. A great example of Gap. What is it, 16% or something? Gap, yeah, up just over 9%, but certainly not a stock that we're going to owe. No, and you know, your run-of-the-mill, your Fab 7 and Magnificent 7,

They're not up anywhere near that. When we come back, we'll give you a quick rundown on the earnings that are coming in. We're going to get 12 S&P 500 companies, and then we'll dig into what they're saying about this trade deal. We'll be right back. Oh, we're going up. What are you feeling? Yeah.

And welcome back here to the second quarter of today's Best Docs Now show. Let's just look into the market. Let's just take a dive into the market right now. It's kind of surprising, really, that you would think it would be just like across the board. You know, everything is way up. But here's the winner's.

How many of you own Nike? Nike is up 8% today. It's the biggest winner in the NASDAQ. I mean, the Dow. And, you know, I mean, look, Nike builds their shoes, makes their shoes overseas, and they were going to be hurt by the tariffs today.

And now they're the biggest winner in the Dow today. DuPont, okay, how many of you own DuPont? DuPont's up 7.7%. How many own Caterpillar? It's up 5.9%. Apple, okay, Apple's up 5.7%. That's okay. 3M up 5%. American Express up 4.3%. The prizing thing, I guess, big tech.

Like Microsoft, okay, Microsoft's up 1% today. What else here? Yeah, you know, there's some stocks. Coca-Cola's down 1.8%. The insurance stocks are down today because there is a big rise in interest rates on this. The 10-year was up 9 basis points this morning. Yeah, and that's from, of course, per day.

the main guy from Apollo this morning, just in terms of, you know, with the deal you've got, it really takes kind of the recession risk off of the table for 2025. And also, in turn, now I think the market's only priced maybe two rate cuts now. I think it was at least three or four kind of priced in potentially. And so in doing so, rates are going to bump up a little bit because you've got less chance of, say, needed stimulus. Yeah. Well, you would think that this, I mean...

He's saying that I'm not cutting rates, Jerome Powell, because of the tariffs. And now you've got a deal with the UK. You've got a deal with, I know it's not a permanent deal. I mean, it's a 90-day deal with China. But it's definitely, they're going to work something out.

You would think that he would be more inclined to cut rates now. I mean, I still say, I mean, to have that mortgage over up at 7%, that's too high. Yeah, I mean, and there they need to figure out, you know, what you might need to do to figure out a, you know, on the long end of the curve is you've got to do some, you know, maybe, you know, whether it's some type of potential, you know, government intervention, right? You do, you know, subsidies aren't the right thing. But, you know, you can basically have a...

have the Treasury potentially buy more mortgages, right, in terms of that long? But, you know, in reality, I think the Fed's kind of sitting tight, and they really don't have to do anything. They're just kind of sitting there. Are they going to be behind the curve at some point? Well, as I look at the rest of the world, I mean, I worry about their ECB. Money flows where there's the...

you know the the friendliest uh... yet lolis you could argue though and you could argue needs lower interest rates because they've got in a very good economically right there not in a near of a good places us and they have a new other aging populations other issues that uh... you know that uh... uh... big certainly not as dynamic has our condo not okay now let's look at the nasdaq alright so how many own j_b_ hunt right that's a trucking company

Texas Instruments up 9%. Decker Outdoors. Is my Decker's doing well today? Yeah, they're up over 4% when I looked at them. They've put in a nice bottom when you look at that chart, actually. The smaller chip stocks are doing well. Meta's up 6.4%. We have a big position in Meta.

So it's kind of a weird day. Yeah, Micron, you mentioned those smaller chip names. Spotify's down. Micron's up 8% today. Netflix is down. So it's kind of strange, the stocks. It's very stock-specific, let's say.

And it's not really the stocks that you would expect that are the ones that are really flying here this morning. Okay, now, back to earnings. This week we're going to get, we mentioned Cisco. Let me just mention a few others. We mentioned Walmart. We're getting 11 applied materials in the S&P 500. Simon Property Group. Virgin Atlantic. Okay, so, I mean, earnings season is basically over, and it was a very good one.

All right, now let's just take a look around the world real quickly. So we know peace is breaking out all over the world right now, I guess you could say, at least a temporary peace. Over in Russia and Ukraine, Zelensky's ready for talks with Russia. I don't think he has any other choice. As Trump backs Putin's offer, which Zelensky said he's ready to meet Vladimir Putin in Turkey on Thursday,

After Trump backed the Russian leader's offer for direct negotiations. Okay? So Zelensky, he's kind of got to give. I mean, he doesn't have any cards, right? That's what Trump told him. They're getting their you-know-what kicked. India and Pakistan. Easing geopolitical tensions. Lift sentiment with the fragile ceasefire holding between India and Pakistan. Two nuclear countries, by the way.

So you've got peace breaking out, or at least hopes, hopes for peace in Turkey as Zelensky meets, going to meet with Putin on Thursday, and

And you have a simmering of tensions there in Pakistan and Ukraine. And now you've got a Gaza ceasefire. They give up a hostage today. And talks resume between the U.S. and Hamas. What is left of Hamas? I mean, is there much left there under that rubble in Hezbollah? But anyways, there's peace, at least ceasefire, breaking out there. Okay, Apple surges after tariff.

U.S.-China tariff reduction, so that would be a natural one to surge. They probably were under heavy pressure more than most tech stocks because they manufacture their phones in China, and they sell a lot of phones to China. Here are the stocks set to benefit after the U.S. and China tariffs. Okay, so here's number one, shipping and logistics. Well, okay, it all begins at the ports, right?

You know the logistic train of things very, very well, Barry. Oh, yeah. They unload the containers, and then they're loaded onto trucks, right?

Some are taken to railroads. So the trucking industry, you've got big gains today in the shipping, which would be Zim and Mattson and the different shippers, and then FedEx, UPS, Uber. By the way, I saw that the ex-CEO, let's see, he wasn't the CEO, he was the president of FedEx, is now going to be the postmaster general.

Which, you know what, they've been complaining about the post office for years, how much money it loses. It's good to see a sharp businessman go in there that knows a thing or two about shipping.

into that postal, the post office has kind of got to remake itself. With all the deliveries happening today, I think they're getting a very small share. Mostly I get junk mail from the post office. Okay, the chips, yes, the semiconductors are having a good day, but not like you would expect. Okay, let's look at NVIDIA, which is the best of the best.

Nvidia is only up 3.4% today. I mean, that's not like crazy good, but it's decent. AMD is up 4.5% today, a little bit better. And Taiwan Semiconductor, which is right in the thick of things, is probably doing the best. It's up 5.4%, but it's the retailers that are really doing well.

And also the parts, the auto, the auto stocks and the auto suppliers, which again, we don't have any exposure to. More on that when we come back. 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 GundersenCapital.com. To talk to us about our fee-based only money management services, call us at 855-611-BEST. Now, back to the second half of the show. The Instigator Because there's something

And working back here to the second half of today's Best Stocks Now show. A few other stocks here. Okay, obviously...

The auto stocks. I think Tesla and Apple, they were the two that were hurt the most, right, by all what's going on in China especially. Tesla is up 5.7% today. It's actually breaking out to the upside.

GM is up 3.1%. And then the industrials are having a good day. Caterpillar, for instance. Caterpillar is up 5.3%. Now, these aren't stocks that we're underperforming the market today. There's no question about it. I was kind of disappointed. I mean, we're up. We're doing okay. But not like some of these industrials and consumers and trucking stocks, etc.,

We just don't have any exposure to. Consumer electronics are doing well today. Let's look at Dell. Dell is up 6.2%. Best Buy, for instance, is up 6.4%. So if those are the stocks you own, and the airlines are doing well today, which is another area of the market that we don't have any exposure to, and some of the Chinese stocks. Alibaba is up...

Let's see, Alibaba is up B-A. B-A is up 5.8%. And China itself...

FXI up 2.8% today. Chip world's getting a boost as well in terms of AMD, Micron. Even NVIDIA's got a little bit of a bump over 3%. But a lot of those big moves and those kind of more commoditized chip names.

Now, the really big moves, okay, restoration hardware up 16.7% today. You know, they source, I'm sure, a lot of their stuff out of China and then sell it, market up, sell it at a high price to us.

They're up 17% right now. Wayfair. They lost $100. So that stock went from $250 to $150, by the way, on Liberation Day on April 2nd. And so, yeah, that gave up 100 points in one day. And it's coming close to making it back. And there's a lot of short interest in these stocks. Okay, look at Wayfair, which...

Has always struggled. Wayfair is up 18.5% today. Those are the stocks that are sizzling today. You named the shippers, too. I looked at Zim, and I think it was up like 16% or 18%. Lee Jeans, the makers of clothing, it's up 9.7%, where I'm sure they don't make any of their clothing here in the U.S.,

So that's just kind of, when you look underneath the surface, it's an entirely different market than you see what's on the surface. Now, Wedbush is saying that the tariff cut between the U.S. and China is seen as the best case scenario for tech.

So let's just look at some of the big... Amazon's having a good day, and that obviously was also in the crosshairs. Big time. How much of that stuff being unloaded from those ships are going to end up being bought through... Amazon is basically China's supermarket to the world, and especially America.

How many things did you buy from Amazon since the beginning of the year? Amazon's up 7.2% right now. Let's just take a look. Let me look at some of these. Let's look at Microsoft. We did, but it's not even up 1%. Microsoft and Palantir, okay, the market leader, it's down 1.6% today.

You know why? Because these stocks weren't really under the cloud of tariffs. You know what else is doing very poorly today is gold. Gold is taking a big hit today because that was your hedge against tariffs. Gold is down 2.5% today. So it's really kind of an unusual day here. Let's look at CrowdStrike, which is another software stock. It's up 2%.

So kind of an odd day, really. Oh, now you get into Dollar Tree. Okay, DLTR. Dollar Tree is up almost 4%. Five, which is Five Below, is up 21% today. How much of Five Below's inventory...

comes from China. Now bet Home Depot. Home Depot's up 3.4% today. Lowe's is up 4.3%. So at least we've staved off empty shelves, empty ports.

Things disappearing from Amazon, tariffs being added to some of the cheaper stuff. And then the other area that's doing well, and we don't have a lot of exposure there. So if you're in the big tech stocks and the Magnificent Seven, et cetera, you're kind of missing out today unless you own Marriott.

Hilton, the Cruise Lines, Booking.com, Airbnb, they're all doing very well. Okay, Evercore is saying the bear market is over. Now, they're calling, and it was. I mean, I guess it qualifies because we did go down 20% in some areas of the market yesterday.

I believe that the NASDAQ approached that area. The FAB7 approached that area of 20%. But you can't really call that a bear market, the trade war bear market. But they're saying it's over. Well, that doesn't take a genius to figure out, Evercore. I said it was over at the bottom. That's more helpful and more useful.

Evercore maintains an S&P 500 target of 5,600. Well, we're above that right now. We're at 5,800. So they've been one of the more bearish ones.

Goldman Sachs agrees with the strong Q1 earnings surprise, which I've been talking about. But tariff risk and slowing growth linger. I think it's hard to make a case for stagflation right now. I think that goes out the window. And then we have some companies that have reported earnings here today. The one that sticks out to me...

And nuclear is coming back into play. But here's, for me, the big stock of the day, NRG Energy, which is a utility, but it's a diversified utility of Houston, out of Houston. And it's a utility broker. It's an energy broker. That thing is up 22.8%.

And it is in that circle of nuclear stocks that have nuclear exposure, which would include, you know, you've got in that group, you've got Vistra, you've got Constellation Energy, you've got Talon Energy, and this NRG is definitely in that sphere. It's up 22.8% today as they come in. They beat earnings by 95%.

So I think that the data center stuff, sell-off was way overblown also. That was all coming to a halt and slowing down. No, I think it's still a very viable data center. Okay, the other thing we've got to talk about here are the drug stocks. They're having a bad day. And why is that? Well...

pharma stocks drop as Trump eyes lower drug costs. In fact, he's looking for 80% hits. Prices, that's kind of price control in a way. But he's looking at, you know, which country has the cheapest, I don't know, pick a drug, whatever drug it is, Prozac. He's going to make sure that we're only paying as much as the

lowest price out there in the world today. That's going to hurt the drug stocks big time, which is probably only fair, but he's going to sign an executive order, one of the most consequential executive orders in our country's history. I guess this was the big announcement he said that he was holding off on.

He says prescription drug and pharmaceutical prices will be reduced almost immediately by 30% to 80%. And they will rise throughout the world in order to equalize and for the first time in many years bring fairness to America. He's going to institute a most favored nations policy wherein the United States will pay the same price

as the nation that pays the lowest price. I know that's always bugged him to say, why can't I cross the border into Canada and pay 25% for this drug that I'm paying four times that amount in the U.S.? Well, that's about to end. So anyways, I think that's going to weigh on big pharma, and they all are down today. We'll be right back.

You gotta go where you wanna go, do what you wanna do, and live to ever want, live to ever do what you want.

And welcome back here to the final segment of today's Best Stocks Now show. I see Goldman Sachs, 12-month target price, $6,200 on the S&P 500. And we just talked about Evercore, which is at $5,600. Okay, so that's a pretty big difference between the two firms.

And, of course, the S&P 500 right now is at 5,800. So it's 200 points over Evercore's target price with, you know, eight months left in the year. So they're a little off. And it's about 400 points underneath Goldman Sachs' target price of 6,200.

I would definitely be more towards the Goldman Sachs camp on that target price. Now, next Monday, we'll be headed out for the Cleveland area, our maiden trip into Cleveland. I'm really looking forward to that. And I haven't taught a workshop in a while. I think the last one was in Lakewood Ranch down in Florida where we're headed again next.

You've done a handful of them online. Yeah, I've had some people ask. You just haven't done them in person. No, I've had some people ask if we can put this one online from Cleveland. Maybe we'll look into that or record it and then upload it.

We'll see. Okay. And, but, so we're, you know, we're booking everything here today. Always got to wait, see how much, how many people are going to be there, et cetera. You never know when you enter into a market for the first time into a city. 855-611-BEST. It's pretty full, that calendar, Tuesday, Wednesday, the appointments. And, but you can call Edie and see what she's got left.

Tuesday, Wednesday from 7 a.m. till 7 p.m., 6 p.m., something like that. You can meet with the folks you hear on the radio here in person. Looking forward to it. Yes, in Warrensville, Ohio at the Marriott there, a really nice Marriott there.

You can reserve a seat at 855-611-BEST. And then the workshop Tuesday night, you know, I always have to just kind of wait and see where things are at because they can change from week to week, from day to day. Pretty fluid. From hour to hour they can change.

So whatever I think is the most important message and teaching that I can put out on that Tuesday night is what I'll go with at that point in time. I'm a pretty flexible guy. I've probably got ten lessons in my head that I can drum up depending on which one I think is the most important at the time. So that's also a rare opportunity to see a live workshop with us teaching.

To reserve a spot for that, 855-611-BEST, 855-611-BEST. But, you know, I mean, valuation, my own particular way of looking at the market is more of a mathematical way and taking away a lot of the emotion there.

I see a lot of people put out very negative articles and I can say to myself, you know, I think they're coming from their emotional side of their brain and their heart than a numbers side. And that's why I tend to follow the analysts out there that are more numbers oriented. I've always liked Yardini, Ed Yardini, who pretty much is usually pretty much in line with my way of thinking.

We're definitely more logic and mathematics, and we watch those mathematics every single week. We watch for those trends every single week.

We all know that there will be another bear market and another recession at some point in time. And how many recessions has the Economist predicted since 2009, the last recession? Maybe a thousand times they've projected a recession and there hasn't been one.

Yeah, the old economic joke. Economists have called 56 out of the last three recessions, right? Because they always think recession is coming. And that's why every Saturday in the newsletter I put up the earnings. It's just a bar chart. Bar chart is mathematics. It's a graphic representation of...

A trend, either a rising trend or a flat trend. There can only be four trends. Well, three trends really. Sideways, up or down. One of those three. And as long as you're in an uptrend in earnings, the stocks are going to follow. And that also can be applied to an individual stock.

And when those earnings flatten out, i.e. Coca-Cola, Johnson & Johnson, Procter & Gamble, Apple, down to that 2% or 3%, barely, that doesn't look good on a bar chart. That's pretty much a level bar chart with just a slight tick up every year. How are you going to get much capital appreciation out of something like that? You're not.

You're going to get whatever the dividend yield is and maybe a little bit of capital appreciation. And so that takes a lot of the emotion. And I think it also makes the market simpler to understand. I think a lot of people just make it too difficult or they want it to be difficult. So like you can't figure this out. You need me. You'll never be able to figure this out yourself.

But there's actually quite a bit of logic in the market. And it does come down to those earnings, earnings projections and actual earnings. And that's why the market has held up. That's why the market did not keep sinking. You know, four weeks ago, it could have kept going down another 3,000 or 4,000 points. But the earnings were just too strong.

The numbers were there, even though the emotion was pretty sour at that time. So anyways, that will all be part of that workshop, trying to keep the market simple.

so that even I can understand it, right? To make a reservation again to the workshop or an appointment with the crew, with the team, 855-611-BEST. That's 855-611-BEST. And I continue to do the four-week trial, which has been a big hit. People love it. And it's a learning experience. You get that full newsletter every Saturday, right?

You get all my alerts throughout the day. I've only sent one so far today with the market open and my initial blush observations. I get more granular throughout the day as I look at charts. I've got about 1,000 to look at today. And if anything pops out off the page at me and I take action, you'll hear about it. And you get access to the app, which I could not manage money without.

If I can't narrow that market down every day and eliminate about 90% of it that I don't even need to look at, it makes my job a whole lot easier. The app points me to the right sectors, asset classes, stocks, etc. To get a four-week trial, GundersenCapital.com. GundersenCapital.com. And to book an appointment with us online, over the phone, or in person in the...

In Cleveland, 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.