The Perpetual Money Machine

Why a huge leg higher in this bull isn't crazy     October 31, 2024 Are more gains on the way? … where the Fed might be wrong … more wasteful government spending is likely coming … an election prediction from Louis Navellier and Charles Sizemore Despite today’s selloff, we could be on the verge of a huge stock melt-up. Now, I write that as someone who’s concerned about this market’s lofty valuation. Frankly, I don’t believe a melt-up from here is warranted by fundamentals. And yet, I highlight this as a real possibility... One, a Fed that appears at risk of getting it wrong – again… Two, a fresh wave of debt spending from the next president that will juice our economy, regardless of who takes office. Let’s look at each. Is the Fed setting up for another batch of egg on its face? ...

The presidential election is less than a week away… and with it, the potential for postelection chaos.     October 31, 2024 ...

Let's take a look at the three Magnificent Seven companies to report earnings so far this week…     October 31, 2024 Did These 3 Magnificent Seven Stocks Deliver Tricks or Treats This Earnings Season? So far, the third-quarter earnings season has been full of treats. According to FactSet, 37% of S&P 500 companies have reported. Of those, 75% have beaten earnings estimates and 59% have beaten sales estimates. Source: Forbes But with 170 S&P 500 companies releasing earnings this week, we’re seeing more tricks than treats. This includes reports from five of the Magnificent Seven: Alphabet Inc. (GOOGL), Amazon.com, Inc. (AMZN), Apple, Inc. (AAPL), Meta Platforms, Inc. (META) and Microsoft Corporation (MSFT). Now, one member, AI chip leader NVIDIA Corporat...

What Meta, Microsoft, and Alphabet reported this week wasn't the product of hype     October 31, 2024 Big Tech Earnings Put AI’s Profit Potential on Full Display Over the past 48 hours, three of the world’s largest tech companies – Alphabet ( GOOGL ), Microsoft ( MSFT ), and Meta ( META ) – reported third-quarter earnings. And we think the takeaway from those results is consistent and clear: the investment opportunity AI offers is immense. Now, I know that since late 2022, we’ve been hearing about AI’s potential almost non-stop. News reporters, technologists, and investors alike have been hyperfocused on this emerging industry. After all, artificial intelligence encompasses a massive technological revolution. And in our view, it represents one of the biggest investment opportunities of our lifetimes. But it...

Plus, specific AI stocks surging right now     October 30, 2024 Why Trump is perceived as better for Bitcoin … the crypto retakes $72,000 … we expect much higher prices in 2025 … we're in a "full-blown technology boom" Bitcoin appears to be pricing in a Trump victory. Yesterday, the granddaddy crypto pushed above $73,000 for the first time since March. As I write Wednesday morning, it’s pulled back slightly, but still holding $72,000 and up 34% since its September low. Now, we should be cautious about how much of this climb we attribute to Trump (the rumor of a fresh wave of Chinese stimulus is also a factor), but there is a link. The market views Trump as more supportive of the crypto world than Vice President Harris. And as Trump appears to have gained a slight momentum edge in recent days, Bitcoin has responded. Diving into the perc...