Thursday Mar. 13, 2025 - Several big tech stocks trying to build a Bottom
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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 Thursday. It is the Thursday, March 13th 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 I see some red on the screen today. So far, we have a lot of market ahead of us. We had a soft PPI report yesterday.

But I guess harsh words, Europe tariffs, French champagne, 300% tariffs. That's probably got the market spooked again here today. I think eventually the market is just going to kind of get used to it. But it isn't yet. The Dow is down 110 right now to 41,240. As it drifts around and nowhere land below its 200-day moving average, that's from a technical point of view.

The NASDAQ's down 1% today, down 184 to 17,461. And the chart of the NASDAQ also kind of drifts around in nowhere land.

below its 200-day moving average, looking for a landing place. The S&P is down 30 today. That's a half a percent. It's also below its 200-day moving average, looking for a nice soft landing or harsh landing somewhere, 5,569. The small caps are doing better. They're only down three points today.

That's the Russell 2000, and we've got interest rates are up four basis points, and Bitcoin is down $785. So welcome to today's Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management, and I'm here with Barry Kite, our chartered financial analyst.

And let's pick up where we left off yesterday. We actually had a pretty encouraging day yesterday in the market. First one in a while. The NASDAQ was up a couple hundred points. As it is attempting to find a bottom that it feels safe with. We want to see that buying of the rallies abate.

And we'll start to see those rallies follow through. There were several stocks that had a good day yesterday, however, even though the NASDAQ is kind of trading in nowhere land right now below its 200-day moving average. There were several individual stocks that I thought looked pretty decent yesterday, thinking that, you know, maybe there's some good entry points in here. Some of the former leaders in the tech sector yesterday were attempting to put in bottoms.

And then rally off of those bottoms. And I actually did a little bit of buying yesterday. The Dow was down 83 yesterday. The NASDAQ was up 212 yesterday after a calm CPI number, okay? Now, today we get a calm PPI number, which is the producer price index. And it came in flat today.

It actually fell a little bit, and I'm surprised that the market's not reacting better to that. But I think there's other things. Probably this headline here, Trump threatens $200 tariff on all alcohol imports from the EU. Maybe that has something to do with it. But you've got to remember that these are tactics, negotiation tactics, right?

And these big numbers are thrown around, and eventually cooler heads prevail, and eventually they come to some kind of an agreement with

But, you know, the European Union itself, Barry, is one of the most hostile and abusive taxing and tariffing authorities in the world. Well, they don't just tax. They sue. Yeah. I mean, they're rough. Think about all the fines that our large tech companies have paid to them over the years. It's pretty egregious, actually. Well, Donald Trump, on his truth...

Social media networks said the European Union is one of the most hostile and abusive taxing and tariffing authorities in the world, which it is. It was formed for the sole purpose of taking advantage of the United States. Well, I don't know about that, but I think they wanted to compete in the world. He said that they just put a nasty 50% tariff on our whiskey.

Trump said on his Truth Social, if this tariff is not removed immediately, the U.S. will shortly place a 200% tariff on all wines, champagnes, and alcoholic products coming out of France and other EU-represented countries. President Trump then added, this will be great for the wine and champagne business in the United States. So the aggressive rhetoric there.

Heats up. But I would say that were it not for that, we would probably have a market in the green today with two soft inflation reports in a row. You know, don't you think at some point, I mean, this goes on, this has been going on since day one, really since Trump won the election back in November, this tariff talk. Don't you think the market's going to eventually change?

In the meantime, we've paid the tariff yet, right? Yeah, I mean, it should if you look back, right? I mean, the first Trump administration, right? I think the market started figuring out, right, that I think there were tweets at that point, right? That tweets could move the market. And then, of course, I think the market forgot. And then once he's back in place, right, then...

you know, it takes a little while for the, for the market to get desensitized to it. I go back to, you know, you had the terrorist attacks of nine 11 and then, you know, basically anytime you heard the word terrorist attack, it didn't matter what part of the world it was from, you know, then on for a couple of years, you always had an overreaction to the market, you know, selling whether it affected anything or not. Uh,

And then the market has gotten desensitized to that, right? I mean, the market doesn't react near as much to that stuff as it did post-911. Yes, and you know what? I'm on the side of narrowing our trade deficit. You know, we should not have such a huge deficit.

We shouldn't have such a huge deficit in our annual budget, number one, $2 trillion per year. Deficits are not good. I don't care what the deficit is. Yeah, of course we do. The thing is what the U.S. has benefited from for years is importing energy.

Because, for example, the plastic lawn chair, if your plastic lawn chair gets built in America, it's a certain amount. If your plastic lawn chair gets built in China, it's a lot less. Yes, that's true. That's kept inflation down over the years. It's still not healthy. It may not be healthy for the economy.

me to agree. I don't have a problem with the plastic lawn chairs, but you know, when we get into the more expensive type stuff, you know, a baby formula, I'm still on the remember the baby formula issue where you had one plant was shut down and you literally America was not making baby formula except at that one place. I

But I think we would help our growth in America a lot and improve our GDP overall by narrowing that trade gap. And your national security, by default. Absolutely, the supply chain. Major food companies push for tariff relief due to deleterious shockwaves to the supply chain.

Well, you know what? I mean, it's going to force some of these consumer brands to look elsewhere, to look internally, I guess, to help fill that supply chain. But in the meantime, you may get a little bit of disruption or quite a bit of a disruption because you can't just fill the gap very quickly.

The Consumer Brands Association sent a letter to President Trump requesting that the administration exempt ingredients that are not available from U.S. sources from tariffs to protect manufacturers who otherwise buy from domestic farmers and suppliers. So I guess they have to identify the few things and Cheerios that come from Europe or from other countries

and not have those tariffs placed on those items that we can't make or can't supply here in America. Well, aluminum. Aluminum is a great example. Well, I hope aluminum is not in my Cheerios. Yeah, well, it could be. I'm sure there's a little magnesium. We've got some magnesium in there somewhere probably. But, you know, that's the thing too with the aluminum is the fact that when we get a lot of it from Canada, and frankly we don't produce it.

the aluminum that we need to. So how do you fill that gap, right? Yeah. Well, the food companies that are members of the Consumer Brands Association include Pepsi, Kraft Heinz, Kellogg, General Mills, ConAgra, Nestle, Campbell's Company, and J.M. Smucker.

All right. You know, this is good news. I like this. I like, obviously, the CPI report yesterday. I like the PPI report today. Inflation is really cooling. In fact, we had a drop in the PPI. It went down this month, which was not expected. And then we got today, of course, Thursday, the initial jobless claims, and they unexpectedly fell also this past week.

from down to 220,000. So that worry that we had, we had a few weeks of rising initial jobless claims.

But I haven't heard any big giant layoffs in the government lately. Maybe that's starting to cool off a bit. But, I mean, those are three good reports on the economy in a row. That's all good. But at the same time, there's bearish sentiment out there in the market. We'll be right back. Oh, we're going up.

What are you feeling now that I've caught my eye?

You know, I love going to Sarasota. Maybe I'll just spend the week and the weekend down there and try a lot of other places that are so good, some great restaurants there in that area. I love going down to Sarasota. So if you'd like to reserve a spot with the team while we're there, 855-611-BEST, 855-611-BEST.

6-11 best. Edie will work you into our busy schedule over those days, March 25th, March 26th. Boy, I've looked at 192 charts so far. I don't have as many to look at these days because there's not as many B-plus ranked and A-plus momentum stocks in the market to look at. But I've looked at 192.

And I would sum it up by saying, wake up, market. It opened, what, an hour ago? And there's just like no movement at all right now. What's more important, the good initial jobs claim report, the good PPI report, the good CPI report?

Or the liquor war going on. American whiskey versus... Yeah, Trump doesn't drink, does he? He doesn't even drink, so he doesn't give a darn. But I don't give a darn either because I don't drink. Go ahead. I mean, I would rather see people buying American stuff. I'm sure our stuff's as good as their stuff. But I can't imagine a 200%, 300%...

tariff on uh french champagne but of course that uh makes uh california products uh even that much more uh attractive okay and like country getting a boost today i guess up and up in sonoma and uh in napa huh maybe uh he's helping out governor newsom over there in california

Well, okay, we've got a very sleepy market here so far, but there's plenty happening in the background underneath the surface of the market. Bear sentiment jumps in the latest Association of Individual Investors. That's been looked at for a long time, that particular indicator indicator.

Meanwhile, bulls are down to 19.1%, which is actually a bearish or a bullish indicator, right? Because it's a contrarian. The old technical analysis term is it's a contrarian indicator, meaning if they're bullish, you should be bearish and vice versa. Yes, and the major concern that they list is obviously uncertainty.

Well, in my opinion, it's not uncertainty. We were certain what was going to happen.

The country was. I mean, when the country elected Donald Trump, they knew what it was getting. And I think that the uncertainty is more of the negotiations taking place back and forth as opposed to what the final outcome will be. But in the meantime, the market's always nervous. It's always whining about something.

Goldman Sachs lowers their year-end target price for the S&P to 6,200. That's pretty bearish, actually. We've almost been to 6,200 already, and I want to say Goldman Sachs was up around 6,500. I don't listen to Goldman Sachs all that much. The consensus S&P 500 for the end of the year is up around 6,900, I'm going to say, somewhere in that range.

So Goldman Sachs is pretty much an outlier down at 6,200. But, you know, that also is a little bit of an overhang on the market. The credit markets, now if you look at the credit markets, according to J.P. Morgan, they're pricing at a 9% to 12% probability of a U.S. recession. That's pretty low, 9% to 12%, you know, if...

If I'm playing a team, if the Padres are playing the Dodgers and they say, well, they got about a 9% chance of winning that game, that's not very good. You may not watch that one. Which might even be a little high. I don't know. While the S&P is factoring in a 33% chance. Okay, so there's a disconnect. And I agree more with the credit markets myself.

I honestly don't see a recession because I'm not seeing any hits to the earnings yet. Just some mild increases.

You had some pullback from forecasts with folks like Delta and some of your airlines. Those are some of the first discretionary things to go. So you would expect some of those earnings to kind of get pulled back a little bit, but those things aren't going to affect just the airline industry. It isn't going to affect the entire industry.

earnings per share as the retail. No, but there have been some weak retail. I mean, you had Kohl's and you had Target. You had Walmart. And pretty much, you know, there's quite a few disappointments. But it didn't, in fact, it didn't impact the overall S&P 500 earnings hardly at all. And I've found over time that the bond market usually is a little more, is a better predictor than the stock market because there's not as much emotion in the bond market. It doesn't have as much volatility there.

The stock market, you have to wonder when it starts to sell off, how much of that is the emotion gets pretty high there. Then there's pretty much throwing out the baby with the bathwater and the fear takes place. That doesn't happen as much in the bond market. It's a little more level-headed. I lean a little bit more towards the bond market with that 10% chance of a recession.

right now anyways that's where i stand you know they don't have the detention facilities and now this is something else that shouldn't surprise you we're all out of detention facilities as the crackdown and illegal immigration continues the detention facilities are now full

with 47,000, it's not millions, it's not mass deportations. Supposedly they're getting rid of the bad guys first, but ICE is expanding its detention. You got an extra bedroom over at your house there, Barry? You can rent out to ICE. They're expanding their detention capacity with support from the Defense Department, Marshal Service, and the Federal Bureau of Prisons.

And they're also seeking more funding from Congress for expansion efforts. There's a little bit of worry there about are we going to come up shorthanded with the labor, you know? Are we going to have a labor shortage? But we're not seeing that yet, you know, judging by these initial layoffs and a healthy jobs market still.

Tom Holman says we need a minimum of 100,000 beds to detain, which it's a holding pen until they're moved on, I guess.

So anyways, and then I was watching last night the astronauts sitting in the capsule. There were four of them. I wouldn't get into that capsule for all the money in the world. Oh, my gosh. Oh, man. I'd get nervous on a 727. No bathroom breaks until you get up or, you know, by the way. But they scrubbed the mission. It didn't go. They had a little problem with the hydraulic lifting arm. It wasn't the rocket or anything like that.

that it was the actual launch pad itself had an issue and so uh those guys up there guy and a gal in the space station they've got to know each other pretty well over the last eight months but they're ready their spacecraft is ready to bring them home but they can't leave until the other guys get there and check in i don't know if there's a main surface or not we'll be right 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 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. Music

And looking back here to the second half of today's Best Docs Now radio show. I've already sent out, how many messages have I sent out this morning?

And it's only 7.30 on the West Coast, Barry. I sent out a chart of a failed bottom. That's a bottom attempt being made that didn't quite hold up, but it was a weak stock, so I'm not too worried about that. But I'm teaching. When I see something that I think, you know, they can learn from this, I send it out.

I sent out an update on the NASDAQ chart and valuation. I sent out an update on the S&P 500 chart and valuation. And I sent out a chart on the Dow valuation. Because obviously as the markets come down, the valuations have improved quite a bit. And I put in exactly how much they have improved.

And I would just say, as I've been going through my charts here, I finally stopped on number 194. I'll tell you a good chart. I kind of woke up with one stock in my head. I bought several yesterday, all right, and I didn't buy this one. But I really like the way it's firming up, and that's NVIDIA.

I just stumbled upon, as I'm going through my charts, number 194 out of 5,040 or something like that was Granite Shares NVDL, which is NVIDIA two times. And I said, that's a good chart. I mean, that's firming up a lot. And there's not a lot like that.

In my opinion, the best stocks will firm up first. Okay, that just makes common sense. And they'll come bouncing back and lead the market back first. So that's my first really green shoot that I've seen so far today, although I saw several, several yesterday. All right, Intel, what do we think about this? They appointed Lip Butan.

which doesn't exactly roll off my lips, Lip Boutin, but he's the new CEO finally. They've got somebody at Intel, and he comes from Cadence Design Systems, CDNS, which has been a pretty good stock over the years. They design semiconductors. It's not the size of Intel, but he's pretty highly regarded in the industry. Now, let's just see how he did over the last 10 years, CDNS-ed.

Almost 30% per year under his command, while the S&P did 17.5. Over the last five years, 31% per year, while the market did 20. They've fallen on rough times this over the past 12 months, but then so has most of the big tech stocks. But the market seems to like this news because Intel, which is a member of the Dow, or did Intel? No, it got kicked out of the Dow.

replaced by nvidia yeah intel's up 15 you're the poster child uh pushing for that change remember yes it happened they listened to me that one in walgreen who i don't know they're going private yeah i just can't imagine holding off on amazon for so long and i would still like to see netflix replace disney but you know i guess that's too un-american intel is up 15.1 percent today so

Will, can he turn around the troubled company? They named Lip Bhutan as the new chief executive officer. Let's see. Key Bank Capital Markets Analyst John Vinn said he was encouraged by Tan's appointment given his tenure and track record of creating shareholder value, which I just went through. The app says the same thing. That Cadence Design System where he was for 12 years. So that whole track record belongs to him.

Tan's strategy for turning Intel around, we haven't heard much of that yet because he was just named. So we shall see, but at least the market likes this. Okay, I'm starting to see some upgrades now on some of these big tech stocks that are down 15-20% from their highs.

DA Davidson upgrades Microsoft to a buy. And remember, it was Microsoft that started the whole AI boom when they, out of the blue, came out with ChatGPT and made AI available to the general public. And that helped cause even more explosion in Arista Networks and, of course, in NVIDIA.

And then competition now is coming into AI from China. But D.A. Davidson upgrades Microsoft to a buy. So let's just check in on Microsoft. I'm going to guess it's attempting a bottoming pattern. Yes, it is. One, two, three, four days in a row of drawing out a bottom after going down from 450. It was at 450 down to 380 today.

That's 17.5%, 18% correction in Microsoft, which had a pretty ugly chart. And we let go of our Microsoft. We sold it for a 65%, 64% profit from the time we bought it.

Now, people that got into it last month, they didn't have it. But I go with when we initiated the position with our clients with a big block trade, and I put it in the newsletter. Okay, so we sold Microsoft at 394. It's at 381 right now. It's 13 points lower than

And the fear is that it could go even lower here. I mean, that's barely kind of holding on to that bottoming process that it's making. Would it be one of the first stocks I go back into? You know, it's maybe down around 20 or 25. I have 24 ones that I like better.

And I did pick off some of my favorites yesterday. Talon Energy started at an overweight at Morgan Stanley, pointing to potential cattle. The nuke sector had a huge day. I'm going to guess there had been a lot of short interests that had piled on into the nuke sector. Let's nuke this baby. Let's see it blow up. Let's see a mushroom cloud on this sector. Well, Talon...

Had a huge day yesterday. Talon is now above where we sold it at. I still, the jury's out on the nuke sector. Now, having said that, I know that our new EPA guy, Lee Zeldin, congressman from New York, they undid a lot of Biden era, you know, restrictions, big time environmental protections here and there that he thought went too far.

And even that four-letter word came back into the equation yesterday. I don't know if you saw it yesterday, but coal. They're going to not coal the department store, that ugly stuff that used to run trains, you know, stoking the furnace. Coal is even back. They're going to at least look at the plants that were decommissioned.

and see if they need to be recommissioned until we have a better solution. So anyways, I doubt that that's going to stoke the coal industry and put the miners back under the ground in West Virginia.

There was talk of coal yesterday. Talon is down 3% today. I also saw Constellation Energy had a nice jump yesterday. It's falling back today. It's trying to put in a bottom. One, two, three, four days now trying to put in a bottom. And the other one is Vistra out of Texas, VST.

it probably looks the best of all in its bottoming attempt. Now these stocks are way off their highs. 72 divided, this thing is off 35% from its high, Vistra. It was at 200 and now it's at 120. So a huge drop there, a huge correction. Now as we go to the other side of the street of coal,

Sun Nova, which was a pretty big seller of solar systems to people, solar equipment, solar panels to homes, neighborhoods, is preparing restructuring talks that could include bankruptcy. So that's the other side of the street. You know, I run my little office on solar and I run my little...

kind of hobby workroom on solar. And, you know, I mean, it has its use. There's no question about it.

But when a big stock like this, I mean, Sunova was a $57 stock in 2021, Barry. Now it's $0.28. Well, I mean, just solar over the years. I had a buddy early on in the industry who was a solar analyst. Eventually that broke out into alternative energy and other things. But, I mean, he gave me a history on the solar industry one time, and it's basically boomed and boomed.

you know, tore itself down about four different times in terms of if you look at it over the years and, uh, it's a, it's a, it's a place that, uh,

It goes up and down, and it really is affected a lot of times by elections, right? Who's in charge? Yeah, and there have not been a lot of advances made recently either to make it more efficient. But Sunova had 279,000 customers in 45 states, so you hate to hear that that thing on top of your roof that you're probably still paying for, the company's preparing to go bankrupt.

That's not good. We'll be right back. And welcome back here to the final segment of today's Best Docs Now show.

Well, the next one I want to talk about here is D-Wave Quantum. Okay, let's check in on those poor quantum stocks that Jensen Wang beat up so harshly, took them to the woodshed, and they never come back, really. But I would say that the leader is emerging. There's two. D-Wave QBTS is definitely emerging.

One that looks pretty decent. And they actually reported earnings here today and sales. They had some sales, not a lot, but they also talked about their bookings. And that symbol is QBTS. And there is going to be room for quantum. It is going to play a role here.

They missed their earnings, though they lost $0.08. They were expected to only lose $0.06. But their revenue of $2.3 million beat the estimates. But what's most encouraging is, look, they just did $2 million in sales this quarter, but they booked $18.3 million, which is an increase of 15.3. That's a 500% increase in their bookings.

So if now I'm just going to say that's nosebleed territory, the quantum stocks, QBTS and Rigetti seem to be emerging RGTI as the two there. And just looking at a chart of quantum,

It doesn't look bad, you know, but you just have to realize what you're getting there. That's a very aggressive, very volatile. That's a good chart, actually. It has a bottoming there just under 5, and today it's popping up to $6.60. It's up 13.5%. So that's a D-Wave Quantum, which seems to be the number one quantum stock out there, QBTS.

And then we've got Adobe, which has actually reported earnings. Now, that's a much more mature. That's the worst chart in the market today. That's not good for the tech sector. But, of course, Adobe is way past its prime. Adobe that put out earnings, their earnings were up 13%. Their sales were up 10%. The stock is down 11.7%.

I'm sure that's having a little bit of a drag on the Dow, but I just don't look at Adobe as kind of a bellwether anymore for the tech sector anymore.

Your software names are getting a big reshuffle, too. I mean, AI has the chance to reshuffle a lot of these software names. Remember, we were talking about Adobe early on in this AI boom, talking about making images via AI, remember, and all the bad stuff that goes along with that. Yeah.

Those companies have got to execute, right? And if they don't, then there may be a new Adobe. Yeah, well, we sold Adobe. We owned it for a while. We sold it back at $423 per share. Today it's sitting $387 per share, so it's almost $50 lower. And that's the ugly chart of the day. That's the disaster du jour ADBE Adobe chart.

which is getting beat up pretty soundly here today. Now, in those last few minutes, let's just look at the S&P 500, see if we can find any green shoots out there. I saw a few. I saw NVIDIA would be one of the better charts, and then D-Wave Quantum would be one of the better charts that I've seen so far today. Almost everything else is.

The weak stocks continue to drop. The good stocks continue to try to put in, make a pretty valiant attempt at putting in a bottoming pattern.

which is encouraging. The biggest winner in the S&P 500 today is probably going to be Intel. Yep, Intel, 15.7% to the upside because of a new, something new. That's the N in CAN SLIM.

New, current earnings, annual earnings, new, shares outstanding, leader or laggard, institutional sponsorship, and the market. And it spells canceling, which was William O'Neill's method. T-Mobile's having a good day, up 2.7%. CVS, I see some retailers having a good day. CVS is up 3.2%. Dollar General up 5.5% today.

Maybe we're not shopping at Nordstrom's anymore. We're over at Dollar Tree and Dollar General. Dollar Tree is 6.2% to the upside today. Biggest loser in the S&P today is Adobe.

Down 11.6%. And then some of the software stocks are selling off in concert, I would say, with Adobe. Salesforce is down 3.9%. Palantir is down 3.9%. Tesla, which had a huge day yesterday, is down 3.5%. Intuit is down 3%.

So I would say that Adobe is having a little bit of an impact. But I still see the really good tech stocks still. This is day four now of trying to put in a bottom. And, of course, the valuations have improved considerably here. I was looking at the NASDAQ. Let me give you that number there.

on what's happened. The NASDAQ continues to trade in nowhere land. Now that's the overall index, but you can look at certain companies in there that have pretty good charts right now. Now the forward PE, Barry, has dropped. This is pretty significant. This is not immaterial. The forward PE of the NASDAQ has gone down from 28.4 to 24.9.

which is just above the S&P 500 now, and the PEG ratio has also dropped quite a bit down to 2.2, I think, from 2.4.

Well, I think we were looking at NVIDIA. That's a good thing. Yeah, yesterday I was surprised. I mean, now the PE is at over 25. Yesterday, NVIDIA's PE forward PE was 24. And you look at that comparable to AMD, for example, and it was 20. I like the chart. I like the chart on NVIDIA today. NVDA, that's the stock that was in my head when I woke up this morning.

And their big thing is next week. I don't know if that's a big catalyst or not, but that's a big thing that's held every year. Okay, we're out of time. If you want to grab a spot in Sarasota, we're headed to Cleveland next, by the way. That's going to be next on our schedule on our 2025 road trip. And then after that, we're going back to Detroit.

And then to Minnesota and then maybe down to Houston to catch a little workshop or something down in the Texas area. Talked to some folks this morning who were wondering we were getting up to Detroit again. Yeah, I can't wait. I really enjoyed that trip. Okay, if you want to reserve a spot or talk to us, 855-611-BEST. If you want to be getting these alerts and using the app and getting the newsletter and all the buys and sells,

Four weeks free, GundersenCapital.com. GundersenCapital.com. 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.