As the bull market rolls on, one group of stocks is leading the charge… By now, you’ve probably heard the mainstream media’s flashy nickname for this group. These seven stocks are collectively known as the “Magnificent Seven.” They are Apple (AAPL), Microsoft (MSFT), Alphabet (GOOGL), Amazon (AMZN), Nvidia (NVDA), Tesla (TSLA), and Meta Platforms (META). …
The ‘Magnificent Seven’ Are Expensive… But Worth It Read More »
The good news keeps flowing for semiconductor stocks… And it’s far from over. Regular readers will recall that Congress passed the CHIPS and Science Act last August. It promises nearly $53 billion in subsidies to boost U.S. semiconductor (or “chip”) production. U.S. chipmakers need that money… In 1990, the U.S. owned nearly 40% of the …
Seventy-two million Americans can’t be wrong… At least, that’s what the market has taught us. I’m a Boomer. I’m one of the millions of people born in that post-World War II period between 1946 and 1964. Famously the largest generation in American history, we’ve long been used to our needs and preferences driving the national …
It’s Time to Accept a Huge Force Driving the Market’s Big Winners Read More »
“I don’t care.” Those are among the three most important words an investor can say. Investing is a battle against the most formidable of enemies: the unknown future. We can’t see this enemy. We don’t know what it will hit us with. The best we can do is weigh probabilities. That’s hard. So we have …
If you want to start an argument, just say “electric vehicles”… On one hand, electric vehicles (“EVs”) are more expensive. EVs cost about $12,000 more than the average car on the market, according to Kelley Blue Book estimates. And for the privilege of paying more, EV drivers get to stress over battery life… You can …
We Don’t Need to Pick Sides in the ‘EV’ Argument Read More »
Steven Schwartz might’ve put his career in jeopardy because he used ChatGPT… You see, Schwartz is a New York City lawyer. And earlier this year, he had a research emergency… Schwartz needed to find federal precedents to help him with a case. But a billing snafu blocked those types of cases from his law firm’s …
Warning to Investors: ChatGPT Isn’t What You Think It Is Read More »
Unemployment is near a record low. And interest rates aren’t as high anymore… But housing is still almost as expensive as ever. We’ve talked about the National Association of Realtors’ Home Affordability Index (“HAI”) before. This index helps us figure out whether housing in the U.S. is affordable or not. More specifically, the HAI looks …
George Orwell’s dystopian novel 1984 is one of the most popular books of all time… It’s set in a place called Oceania. And the dictator-like leader “Big Brother” runs everything. Many people focus on that point when they talk about the book these days. With cameras on seemingly every corner, they argue that the government …
Don’t Let ‘Big Brother’ Stop You From Accepting New Facts Read More »
De-fense! De-fense! De-fense! No, I’m not writing today about football fans rooting for their team to stop an opponent from scoring. Rather, I’m writing about what’s happening in the markets… You see, enough investors fear a hard-landing recession that they’re looking favorably at “defensive” sectors and industries right now. And the Power Gauge helps us …
What a day for one of the world’s biggest companies… Chipmaker Nvidia (NVDA) reported its first-quarter numbers after the market closed last Wednesday. Its earnings handily beat Wall Street’s consensus estimates. And the stock surged 24% the next day. Now, a 24% gain in a single day is incredible for any company. But it’s even …
