Tuesday Dec. 17, 2024 - Quantum Stocks
40:07 Share

Bill Gunderson

And welcome to the Tuesday. It is the Tuesday, December the 17th, one week in front of Christmas Eve edition of the Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management.

a fee-based only nationwide money management and financial planning firm. And I'm here with Barry Kite, our chartered financial analyst. And we are off to a slow start in the market, stumbling out of the gate. The Dow down 213, bah humbug, that's a half a percent. Then we have the NASDAQ down 96 points. It's improved a little bit. It's down half a percent also.

Then we've got the Russell 2000 down 16 points, which is 70 basis points. The S&P 500 is down 26 to 40. That's a 40 basis point drop. But there's no stopping Bitcoin. Just no stopping Bitcoin. Last time I looked, it is up 2,168. 2,168 points.

to a new all-time high of 107.824. 107.824. Meanwhile, the bond market is fast asleep today. It is totally flat, really, at 4.40%.

Crude oil is pretty much stuck in the $70 area. Gold is pretty much stuck in the $26.50 area. There hasn't been much movement out of those for quite some time. 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 a second witness to what we saw over Charleston last night.

Barry Kite, our chartered financial analyst. We were at a Christmas party, Barry, last night over at the Citadel, college Citadel. And we walk out and we see a couple of things flying, zooming over our heads. I figured it's either from Santa Claus, Elon Musk, or Putin. And I'm hoping it's not from Putin, okay? I'm hoping it's from Santa Claus, actually. It ends up it was a couple of missiles, but it was after dark. So that added a little bit of intrigue.

And of course, with all of this hoopla over the drone sightings and everything, I was kind of inclined to hit the ground and get under my SUV. I

I didn't do that. I was wearing a nice suit. My wife was dressed up nice. But, yeah, it was SpaceX just having fun with us. Two of them. It was two of them. It was an interesting video. I mean, we videoed it. We walked out of a restaurant and looked up and just happened to see this huge vapor trail wide. Yeah.

You know, thing kind of going across the sky and eventually, you know, it goes across the sky fairly quickly and eventually just kind of goes into the moon and we're both like...

I don't know what that was, but it wasn't a drone. And then I sent the video. I sent it to you and Jeff, and I sent it to my brother-in-law. And he's like, yeah, it's probably too fast for a drone. Oh, yeah. And the vapor trail part was wild. And it turns out it was my brother-in-law sent me a, you know, he had said this took off at 7.51 p.m., I think. And he's like, it's probably what you saw. And it turns out it was.

That other vapor trail that we saw yesterday during the day was Tesla stock, which is hitting another new high today. We made a good buy there.

We got it right when it broke out. That's why watching these charts every day is important. Today it's hitting $480. It's now $1.5 trillion. And Elon Musk net worth looks like those vapor trails last night. $480 billion. Now, billionaires is one thing, but half a trillion now he almost is worth.

So, look, hey, he's having a merry good holiday here so far. Now, we've got a down day in the market, but I want to make a couple of comments here. The NASDAQ hit a new all-time high yesterday, and it looks like that SpaceX vapor trail. The Dow, on the other hand, which I called kind of a temporary top here recently and put in a little hedge in the trading portfolio yesterday,

on DXD, which is two times double down on the Dow. The Dow's down for nine days in a row now. Most people don't realize that. A lot of times there's a divergence. The Dow's got a totally different makeup and chemistry from the NASDAQ, and they can diverge from time to time. NASDAQ's being carried higher by Tesla. It's being carried higher by CrowdStrike.

It's being carried higher by Google. It's being carried higher by Amazon. All of those stocks are breaking out. It's not being carried higher by NVIDIA, which is actually breaking its support line today, which is kind of surprising. I'm glad we cut our exposure to it. Now, we still have about a 5%, I think 6% position overall in our premier growth chart.

and in our dividend portfolio, but it's just really surprising to see. It's about, to me, it's about as mystifying as those drones over Jersey is the performance of an NVIDIA. I mean, it goes into the Dow, and that seems to be the deal killer. That seems to be the kiss of death. Usually it's when Cathie Woods buys the stock, it goes to heck.

But this time it seems to be, you know, the Dow seems to be a bit of a curse for stocks anyways. That's where we stand today. Yeah, it's been interesting because you've had, you know, you've had Broadcom, Palantir, I think is kind of pulling back today. But you've had a lot of AI names, you know, kind of push forward over the last week. And, you know, NVIDIA, which has been leading that whole group for, you know, 18 months or more.

um you know it's kind of taking a pause it's just uh you know you said that more than a pause a screeching halt and a downward slant so look i don't know uh if it's breaking support today my issue is we have 400 500 gains in it if i sell it now i'm gonna get some mad calls in april

You know, when people have to do their taxes and say, how come I'm stuck with this big capital gain? Well, you know, that's a good thing to have a capital gain in a stock. You're going to have it at some point in time. But you would also hate to give up that capital gain. So I have that the way we've got. I'm hoping to make it two more weeks to the 1st of January. Then I don't really have that tax issue to deal with.

Because, you know, if you sell it in January, you can think way ahead until 16 months later, even if most people don't pay their taxes until October these days. So that's one thing you've got to worry about. But anyways, more records for the NASDAQ as the Dow struggles with a losing streak. And, you know, just watching the charts every day, I saw that Dow topping out, and I said, you know, I think the Dow at 45,000 is going to take a little pause here.

And just to protect some of the big gains in the trading portfolio, which had a huge day yesterday, I said, I'm going to put in some hedges here. And the first one I did was DXD. It's just two times short the Dow. Simple as that. If the Dow goes down 3% or 4% or 5% in a correction, it'll go down 8%, 9%, 10%. It'll go up 8%, 9%, 10%. And so far, that's been a good day.

A good hedge, DXD, against the Dow. We have a valuation problem. There's no question about it. The Fed is meeting today. Today is the first of a two-day meeting, and then they'll come back like in March or something. I don't know how many weeks of vacation they get over there to government. But they will be done for the year. We do know that with their –

They're Fed meetings. They better give us that quarter point cut tomorrow, and he better be pretty kind in what his comments are, or you will see a Grinch stole Christmas diner reaction in the market.

Yeah, January 30th and 31st, by the way, will be the next one. Oh, good. Okay. And then, you know, my wife and I are flying out later today, later this afternoon, after I get all my charts looked at and headed to New York City. We're going to be part of the closing bell ceremony at the NASDAQ tomorrow. Okay, we're not opening the...

The bell on the New York Stock Exchange. We get kind of second shift, but that's okay. I'm really happy that we were invited by Granite Shares ETFs. An innovator like myself, a disruptor like myself. Who would have ever thought of a single stock ETF?

A family of single-stock ETFs and others, which is almost an oxymoron. A single-stock ETF. Crazy. But they're leveraged, obviously. That's the twist there. You can't do that in an IRA unless you're buying an ETF like the ones from...

from Granite Shares. So anyways, I'm looking forward to that. New York's a beautiful city this time of year, Christmas time. A very special place to go as long as I don't get mugged on the subway. I'm not going on the subway. I will not go down there on that subway.

For all the money in the world. Anyways, continuing high rates. We're at 4.40%. I saw one firm justifying the 22.5 times forward P, saying that's no problem at all. That was UBS. I think they were the ones saying that back in 2000, only they were under a different name then. It was Payne Webber.

oh, don't worry about the high P.E. ratios of the NASDAQ, they said. Then the NASDAQ went down 79% after that. Now they're saying don't worry about the 22.5 forward P.E. on the S&P right now. I'm worried. We'll be right back. Oh, we're going up.

And welcome back here to the second quarter of today's Best Docs Now show on this Tuesday, December the 17th. Quantum.

Quantum. The word quantum. A discrete quantity of energy proportional in magnitude to the frequency of the radiation it represents. Or...

A required or allowed amount, especially an amount of money, legally payable in damages. The court must determine the quantum of compensation too. Okay. Two opposite ends of the spectrum right there. Yes. You know, quantum in simple terms is the smallest discrete unit of a phenomenon. For example, a quantum of light is a photon. Okay, I remember that. And a quantum of electricity is an electron. I remember that.

Quantum comes from Latin, meaning an amount or how much. If something is quantifiable, then it can be measured. Okay, now, I mean, quantum physics. Again, this is a big deal. The modern use of quantum in physics was coined by Max Planck. I do remember learning about Max Planck in high school in 1901.

He was trying to explain black body radiation and how objects change color after being heated. Instead of assuming that the energy was emitted in a constant wave, he posed that the energy was emitted in discrete packets or bundles.

These were termed quanta of energy. This led him to discovering Planck's constant, which is a fundamental universal value. Yes, I do remember Planck's constant. Does this all bring back memories to you, Barry? Yeah, some of this I kind of tapped out when I got halfway through chemistry, too. I'm like, you know what? I'm happy.

I ate it up. I'm going to stick on the finance side. Physics, I remember a little bit more just because it's tied to finance to a certain extent. I think it was, wasn't it Einstein that said, what the eighth wonder of the world is compound interest, right? That's right. Or compounding. Yes. Well. Physics a little more tied to the...

tied to finance versus when you're naming off some of these new elements and things that are being mined in certain parts of China. Well, the reason I bring this up is because these quantum stocks that I added to my app recently...

This whole craze kind of began when Amazon announced that they were investing in quantum stocks or quantum technologies. They made an advancement, or they say, in quantum computing and the quantum chip.

And they listed four quantum stocks. Seeking Alpha did. I added them all to my database. Alerted all my subscribers to this. Some of them took some shares in those. I've just watched them mesmerize. Basically, quantum computing is K-Q-U-B-T.

QUBT yesterday, oh my gosh, look at it again today. It was up like 60% yesterday. It's up another 25% today. And I have to admit to you, I miss these stocks as far as investing in them, okay? Okay, the other one, D-Wave. D-Wave is QBTS. QBTS was up like 45%, 60%. It's up 6% again today.

Essentially anything with the name Quantum. Yeah. You know, we're getting into a territory. The last big bubble we had was 2020, 2021. 2021 was the COVID, post-COVID year when all of this way out there on the horizon happened.

You know, future technology stock, earnings or no earnings, just went absolutely nuts. And we're seeing that again right now. And, you know, obviously the year after that was not good for the market at all. 2022, 2023 was rough.

No, 2022 was rough for the market because you also have the Fed. So I'm seeing, I'm definitely seeing bubbles. I mean, you see the bubble in Tesla. You see the bubble in the Bitcoin and these quantum stocks. Okay. So anyways, I'm just bringing that to your attention. Now, are they going to be big earnings growth companies at some point in time? That's possible.

But right now they're out there in space in the future. Maybe someday they'll have some explosive sales and earnings. But they are starting to take off a little bit here. And we're keeping our eye on it. And then another one that got caught up in all of this is when Google revealed its new quantum computing chip dubbed Willow.

which led to another spark in the quantum computing stocks and in the stock of Google, which has been breaking out here recently. And it's hitting a new all-time high. Yes, 197.74. It did hit 200 this morning. And now all of a sudden, Alphabet Google is at $2.42 trillion in market capitalization.

Okay, right now we have the Fed meeting that's going to begin here today. The dollar is up slightly ahead of the Fed meeting. J.P. Morgan expects 25 basis points and three rate cuts in 2025. I don't think they're going to go overboard with the rate cuts next year. I really don't. I think they're going to be pretty cautious, especially...

With the tariff effect, I mean, if those tariffs are placed on those imports, that's going to be recessionary, not recessionary, inflationary. And that could really pause the Fed and they may want to wait and see. We're still have...

fairly hot inflation, believe it or not. No, we're not double digits. We're not 8%. We're not 9%. We're 3%. We're still over 3%, and the PPI is still coming in too high. Over their target. Yes. Over their target of 2%. And, you know, in three rate cuts, right, I mean, you could probably argue that that gets us close to that quote-unquote neutral rate anyway. And so...

I would expect them, as you've mentioned, to be cautious early in the year. At some point, they may want to get back to neutral, but...

I don't think they're going to be in any hurry necessarily to get there. Now, it looks like shoppers are buying before the tariffs come along, maybe. U.S. retail sales climbed more than expected in November. You know, if you're into French cheese or anything imported from Canada or Mexico...

You know, those things are bound to get tariffs on January the 21st or January the 20th. So retail sales. I think Brown's Foreman is getting hit pretty hard today and has been because of the type. You can use that as an example of a stock that will be hurt via tariffs on both ends. The Mexican beers, the Mexican tequilas, the Canadian whiskeys, etc.,

So anyways, the non-store retailer category dazzled with 1.8% month-over-month and 9.8% year-over-year growth. So the consumer has still got either a credit card or cash or whatever. And still, yeah, Bitcoin, the Bitcoin effect, still buying. We'll be right back. I've been on the right trail, but I must have seen 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 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 in here We've got to get together sooner

And welcome back here to the second half of today's Best Stocks Now show. A little update here on the market. We've got the Dow down 259 right now and the NASDAQ down 150 right now. That's three quarters of a percent on the NASDAQ. Don't be too worried, however. The NASDAQ hit a new all-time high yesterday.

The small caps are now starting to go south. They're down 1.2%. We have a little hedge there in the trading portfolio with TWM, which is double short the small caps. And that small cap rally, which took off after Trump was elected, it lasted about two weeks, and then it started to fall apart, and it continues to fall apart, and that's why we're picking on it a little bit on the inverse side as a hedge today.

And the NASDAQ right now is down 80 basis points, and the S&P is down 60. I don't really know what to point to here. I mean, they were down. The futures were down before the retail sales numbers came out. So there was something in overnight trading. I don't know. But the NASDAQ hit a new all-time high yesterday, and Bitcoin also is hitting a new high here today. Okay.

rate expectations haven't changed either. We're still sitting kind of where we were yesterday in terms of a 95% chance or more of a

of a Fed cut, 25 basis point cut tomorrow. My thought is retail sales would actually be a good number. It means folks are still spending money. Yeah. I don't really see that as necessarily an inflationary per se. It doesn't mean the Fed may not need to –

stoke the fire of the economy. I don't think they're cutting to stoke the fire of the economy. I think they're cutting rates to make sure employment, make sure they're not behind the ball as they move forward. It just keeps it going, feeding some more coal into the engine. Now, there's a lot of turmoil around the world. How many governments have

fallen here recently. South Korea, impeachment there. Obviously Syria fell. The French government, Macron. Germany had a no-confidence vote for him yesterday. And now Canada, you know, she's pretty well known, that Freeland. She was one of the World Economic Forum all-stars.

running the, helping run the Canadian economy. And all of a sudden, they're going to have a much bigger deficit than originally planned. And her and Macron had it out. No, not Macron, Trudeau. And she quit. And Trudeau's in trouble himself. And there's talks of him resigning. He went and kissed the ring of Trump. I don't think she was happy about that. So everywhere you look, you know, there's some turmoil out there. There's a lot of division.

I'm going to use the word division. There's a lot of division in the world right now, including here in the United States, obviously. Yeah, and the growth. I mean, I read an article last week, the growth of...

Kind of that growth focus of the Labour Party in the U.K. has kind of come under fire because they haven't had any growth. You mentioned Germany's issues from a growth standpoint. Canada. Now, the pendulum swings. Okay, every four years, every eight years, it just seems like the pendulum is swinging back pretty fast.

hard towards uh conservative principles than the way out left radical principles far left principles and that just seems to be kind of the way the world is going now tiktok ceo he kisses the ring trump likes tiktok i don't know that trump is going to ban tiktok i think he's going to figure out something not banning it exactly

And so TikTok CEO Shu-Zi Chu met U.S. President Trump at Miralago. Boy, that Miralago is a happening place. I haven't got my invitation. I am getting my bell rung on the NASDAQ tomorrow, but I would like to go to Miralago at some point in time. What a sightseeing event that is, people-watching event. Trump said he'll take a look at TikTok. He says, I have a warm spot in my heart for TikTok.

So anyways, I have a hunch that they're going to work something out. And, you know, I don't think TikTok is under China control anymore. Okay, RoboTaxi. The RoboTaxi race continues. Alphabet's Waymo picks Tokyo for its first international RoboTaxi testing event.

their self-driving vehicle unit. And, of course, Google's had a lot of good news recently with that Willow chip.

GM dropping out of the robo-taxi race and other things over there. They're making with their AI endeavors. Japan will be the first international destination to test its robo-taxis as the company moves towards expanding beyond the U.S. Waymo will partner with Tokyo's largest taxi operator, Nihon Katsu,

and taxi app Go to bring its fleet to the city. The cars will initially be operated manually by Nihonkatsu drivers to map key areas of Tokyo. So anyways, there's some progress being made in the robo taxi race. The race is on and it's down to three really. Again, it's Waymo, which is Google.

And it's Tesla, obviously, which a lot of people think that will be the next big catalyst for Tesla. And then the smaller one is Aurora AUR, which has been pretty perky lately as a stock. They bought, I think, Uber's, you know, the plans to make a car. Uber backed out of making a car recently.

But they would obviously benefit from RoboTax. And they were, unfortunately, Uber was teamed up with GM, right?

on the robo taxi race and the GM totally dropped out of the race. Okay, an interesting nuclear stock, Nano. We've talked about this, Nano, Nano. I grew up watching Robin Williams. I don't think I was a little kid. I was probably a young father or something watching Robin Williams on Nano, Nano. Nuclear Energy is the name of the company.

They have made a joint submission to a New York State Energy Research and Development Authority concerning the development of advanced nuclear technologies in New York State. And I still think, I mean, you're talking about incubator stocks, this burgeoning, rebounding, once really out of favor, big time out of favor, no nukes has rebounded.

And now it's kind of the darling of energy after we went off on the solar tangent, the wind tangent. And then all of a sudden AI came along and it demands much more energy than solar and wind can ever provide. And now we're talking nuclear and small nuclear. So anyways, Nano is in there, NNE. They've joined up with DigiHost, D-G-H-I.

and putting together plans for nuclear New York on smaller reactors instead of these big, massive nuclear reactors which take years and years and years to construct.

Okay, MS Wealth is saying ease up on the MAG-7 Trump trade. Well, I say it depends on the stock. Tesla's going gangbusters. Google's going gangbusters. But there is an ETF called FANGD, F-N-G-D, F-N-G-D, which is three times bull.

The FANG stocks, that thing's been flying lately to new highs, $695 per share. It's off a little bit today as there's a little bit of profit taking. But I use FANG. I look at that every day. Actually, it's FANGU. FANG is the inverse version of it, F-N-G-U.

So it's FNG up and FNGD is FNG down. FANG up hit a new high yesterday. It's backing off today. It's down 4.3%, but it's leveraged 3 to 1 on those FANG stocks. You'd have to look up. You can look up the components of it. The FANG index has changed over time, and I think it's broadened out to include a lot more stocks than just the original four stocks.

Private markets poised to surpass 20 trillion by 2030. This is another area of the market that I think is very much a bubble. There's so many, not hedge funds, but private equity funds buying up private companies that I don't think it's going to end well because now they're paying up for some of these private companies' ridiculous prices.

Kind of like, okay, we've got this money to spend. We've got to go find private companies.

That's now become a $20 trillion market. Well, $20 trillion by 2030, according to BlackRock. So that's another bubble to be careful of. We're going to come back and take a look inside the market and talk about a couple other stocks here. When we come back, it's the Best Stocks Now show. ♪ music playing ♪

You got to go where you want to go. Do what you want to go. Do it. Do what you want to go. Do what you want to go. And welcome back to the final segment of today's Best Stocks Now show. I'm going to begin with the battleground stock right now. It seems to be NVIDIA. It's threatening to roll over. It has broken its support. I've had a line drawn in at about $132 a share, Barry.

It's dipping below that today to 130. And I'm seeing buying coming into the stock. You know, usually when a stock breaks below those support levels, I don't panic immediately, right? Sometimes that attracts the buying. Now, if it continues downhill, tomorrow it breaks today's support levels.

Then you've got another situation on your hands. But right now I would say there's a big, big red flag waving on NVIDIA. But it's not time to panic just quite yet. It is hanging on to its support level. The valuation is very compelling on NVIDIA.

The relative strength has just gone to heck. It's a 92 still on a scale of 1 to 99, but this thing's been going sideways now for about 10 weeks or so. It's just kind of unexplainable. Sometimes you can't explain things in the market. Maybe it's China. Maybe we overestimated the spending in AI.

uh maybe uh you know things are uh slowing down a little bit and nvidia from a scorching hot pace to just a hot pace uh but something's not right there uh now we tested i mean it's tested a hundred dollars twice this year um you know in uh earlier yeah in the year yeah i believe in august and uh and even in september most recently got down to like around 102 ish or so but uh

But, yeah, it's just, I mean, you talk about momentum a lot, and the momentum's earning side looks great, but the momentum has come completely out of it. And we can't ignore the fact that it hit a new all-time high just three weeks ago and passed Apple. So, all right, that's just three weeks ago.

So I'm not ready to pull the plug yet on it. But it is the biggest loser, percent loser. I'm seeing buying coming into the stock right now. Somebody probably put some limit orders right underneath the support level there. A lot of times that's how it works. And those are triggering the buying coming in.

Yeah, and you could have some. I mean, you talked about this earlier yesterday, but you could have some mutual funds and some institutional selling just because it's mechanical rebalancing. Obviously, if you're selling a winner over the year, particularly over the last two years, that would be one that you would rebalance out of. So there naturally could be some selling there. But, yeah, in terms of not much news,

And the stock has been acting the way it is. It just doesn't compute very well. It was part of that Japanese, the carry trade, too. Maybe that's come to it. Now, here's the ugly chart in the market today in the Dow. Just ugly. United Healthcare. Oh, man.

That's a sickening chart. We don't own UnitedHealthcare, UNH. It's a member of the Dow. It's a big part of the reason that the Dow's been down eight days in a row. And a lot of it had to do with, you know, the killing of the CEO. And all of a sudden, the focus on the whole industry, UnitedHealthcare's industry of managed care, I know Trump mentioned that he wants to go after the middleman.

The PBMs, the Pharmacy Benefit Managers, that was a hot sector about 10 years ago. He wants to eliminate the middlemen, which is Express Scripts, it's CVS. A lot of those middlemen got bought out by bigger companies, and he wants to get rid of them altogether. But UnitedHealthcare, that is just, ugh, that's a horrible chart. Kick it out of the Dow. I don't know what you mean.

Put Lilly in there. Yeah, it's the definition of headline risk. I mean, if you look in terms of textbook definition, right, would be especially the event with the killing of the CEO and then, of course, just the backlash against the industry. The spotlight on the whole industry, yes. Okay, on the upside...

Well, Pfizer, you know, that's another one I'd kick out of the Dow. Well, it just has not, they don't have anything. They haven't had anything new in a long time. They needed a catalyst. They are year, I mean, this stock has lost half of its value since last year. They had the vaccine, you know, at the right time, and that helped them a lot. And then it's just been horrible ever since. They did reiterate their policy.

Their numbers for this year, which aren't very good, I mean, $2.86 in earnings, well, that's down a little bit from this year. But Pfizer is up 3.9%. And I do remember, having been to New York several times, you come out of that Grand Central Station and you look up in the sky and it goes to the heavens, I think, the Pfizer building headquarters. You can't even see the CEO suite. It's in the clouds.

That's how big Pfizer is, but it hasn't done much. And then Nike's going to report earnings here, I think, tonight. And that's been another big loser in the Dow. You know, maybe the Dow isn't meant to be a money-making index. It's just supposed to be representative of our landscape.

But there's sure a lot of stinkers in the Dow these days. Nike is up 1% today. And, of course, Cisco is another stinker in the Dow. Amgen is another stinker in the Dow. Anyways, those are just my thoughts on the Dow. And that's why I pick on the Dow from time to time. And there's three ways to pick on the Dow. There's DOG, the dogs of the Dow, D-O-G, which used to be a strategy.

There's DXD, which is two times inverse the Dow. And there's SDOW, S-D-O-W, which is three times inverse the Dow. They come in handy as a hedge from time to time when the Dow gets roughed up like it's getting roughed up for nine days in a row now. Well, the NASDAQ's been hitting new highs. Over at the S&P 500, the biggest winner today, Supermicrocomputer SMCI.

You know, this GraniteShares ETF, they have a SMCI ETF. They have a double, I don't know if they have a short ETF, but they definitely have a long ETF on SMCI, and it's one of their best performers today. I keep track of their ETFs here and their SMCI. That's a wild stock, though. I do not trust that stock at all.

Secondary offerings, accounting issues, wow, all over the place. And then, of course, Tesla, big winner in the S&P again today, up 3.1%. Well, trade along with Bill. Learn from Bill. Spend the day with Bill. You get four free weeks of the live trading subscription and the newsletter and the app.

GundersenCapital.com. Set up an appointment with us. 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.