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Election Day is almost here. And Wall Street has plenty to worry about.
Interest rates remain elevated, inflation remains sticky – and the AI skeptics are having a field day, warning that Big Tech’s spending spree has the entire artificial intelligence (AI) boom headed for trouble.
Some are even predicting a major stock market crash.
Folks, if you want to wait for every worry to melt away, you could be waiting for a long time.
There’s an old Wall Street saying that market climbs a “wall of worry.” And that’s exactly what I think is happening right now.
But the simple fact is we’re in one of the strongest earnings environments I’ve seen in my career. AI spending continues to surge, order backlogs are growing and analysts keep raising their earnings estimates for many of my favorite stocks.
That’s why I’m not losing sleep over the midterm elections or the latest predictions of a market crash.
But that doesn’t mean I’m ignoring the risks, though. So, in today’s Market Buzz, I discuss the three warning signs that actually matter, according to my eight-factor fundamental model.
I also answer recent questions subscribers have about gold mining stocks, interest rates, how to approach the rest of the year – and more.
Click the image below to watch today’s Market Buzz.
An Energy Opportunity That Could Outlast Election Day
As I mentioned in today’s video, people worry, we profit.
The reality is some of our best opportunities right now are outside the AI sector.
Our oil refiners and tanker stocks have been delivering stunning earnings results. And I believe we’re still in the early stages of a much bigger shift in American energy.
And it’s all because of a piece of legislation President Trump signed last year that requires oil and gas lease sales in the Gulf through 2040.
That gives companies a federal leasing schedule around which to plan years of potential development.
It also means billions of dollars are flowing into new pipelines, export terminals and other infrastructure to supply energy to customers around the world.
When you combine that with rising global demand for American energy, I believe we’re looking at an extraordinary opportunity over the next 15 years.
I call it America’s $31.5 Trillion IPO.
I recently released my latest research about what I’m seeing in the Gulf and how you can invest: four critical pipeline companies, two smaller Gulf exploration companies and an unusual income opportunity you’re unlikely to hear about anywhere else.
Click here to watch my free interview get the details now.
Sincerely,
Louis Navellier
Editor, Market 360
