Stocks to buy

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

The stock market powered higher today to kickstart November on a positive note, driven by a combination of strong earnings and encouraging economic data. Several tech companies delivered good numbers last night, topping estimates and confirming both the resilience of the U.S. economy and strength of the AI Boom. As we’ve been saying for weeks,

Yesterday, the Bureau of Labor Statistics released the official October Jobs Report – and it was a dud. The U.S. economy added just 12,000 jobs last month, versus expectations for 100,000 new jobs and far below the September total of 254,000 new jobs. Meanwhile, the August and September job growth numbers were revised lower by

Tom Yeung here with this week’s Sunday Digest.   Last week, I told you the story about news magnate Charles E. Marsh. The Ohio-born businessman had built an incredible fortune buying up small newspapers across Texas in the 1930s… but knew little about the oil boom happening under his nose.  To invest in the bonanza, he

With a large amount of anxiety and perhaps a touch of dread, the time has finally come – Election Day. And that means that within the next few hours – or possibly days – we will have chosen a new president of the United States.  Now, that’s a big deal for a lot of reasons. 

Editor’s note: “Where to Focus Your Sights as the AI Boom Rages On” was previously published in August 2024. It has since been updated to include the most relevant information available. In the 1990 film “The Two Jakes,” legendary actor Jack Nicholson says one of my favorite lines: You can follow the action, which gets

When it comes to the crypto market, the last seven months can be best summed up with one word: disappointing.  Back in March 2024, Bitcoin peaked at record-highs around $73,000. This came right after the first set of Bitcoin ETF approvals and right before the Fourth Halving (two catalysts that were expected to push cryptos

Tom Yeung here, with this week’s Sunday Digest. Last week, I wrote how smaller companies tend to outperform when the U.S. Federal Reserve cuts rates. These firms are naturally riskier, and so having cheap money makes them more likely to survive. That’s because borrowing money becomes cheaper… Venture capitalists open their wallets… Consumers feel more confident…

Today is the day, folks. After years of testing and ever-extending timelines, Tesla (TSLA) is finally set to unveil its self-driving robotaxi at its “We, Robot” event this very evening.  At 7 p.m. Pacific time, Elon Musk will take the stage to debut Tesla’s so-called Cybercab – an autonomous vehicle that Musk himself believes will

Tom Yeung here with the Sunday Digest.  In mid-2019, the U.S. Federal Reserve began cutting interest rates for the first time since the 2007-’08 global financial crisis. The U.S. economy was beginning to slow, and economists were worried that trade disputes and weak global growth could send America into a recession. The COVID-19 pandemic the

Lately, we’ve been all-in on autonomous vehicles (AVs). And while this enthusiasm isn’t new, it’s certainly been fortified by the flood of developments unfurling recently. In fact, we see so much promise in this industry that we’ve been pounding the table on it for days, sharing all about the dawn of the “Age of AVs.”

So much for an impending recession! Today’s official jobs report solidly confirmed that the U.S. economy is not on the brink of a recession. Rather, it seems to be in the early innings of a powerful recovery.  As such, we think this strong data sets the stage for a powerful stock rally in the final

If you’re a longtime reader of these issues, you’ll know that being at the forefront of innovation is central to my core investment approach. As such, I keep a close eye on several corners of the tech world, watching for the latest and most intriguing developments. And for the past few years, one such corner

Tom Yeung here with this week’s Sunday Digest. Last week, I discussed the contrarian bets that billionaire investors often make. By looking beyond basic corporate labels, successful fund managers like Joel Greenblatt often can recognize overlooked opportunities, like Marriott’s “toxic waste” spinoff in the early 1990s. As I said last week: Over the next three

For the past three years, the markets have been haunted by a particularly ghastly boogeyman – inflation. But today’s Personal Consumption Expenditures (PCE) report suggests that boogeyman has been officially vanquished. And with inflation normalized, it seems stocks are set to keep rallying to record highs.  Indeed, this morning’s inflation data showed that the Federal

Two years ago, in a seminal moment for the industry, tech startup OpenAI launched its next-gen chatbot, ChatGPT. That was, after all, the moment that many consider the dawn of the Age of AI.  But that splashy debut may well have just been OpenAI getting its feet wet. Now it appears the company is preparing

Tom Yeung here with your Sunday Digest.  During the early 1990s real estate crisis, the Marriott Corp. hotel chain found itself in trouble. The company had overexpanded during the boom times of the 1980s, and the ensuing crash had left it with over a hundred unsellable hotels in an overbuilt market.  To save the firm,

Just weeks ago, on Sept. 9, Apple launched its first-ever iPhone built for AI: the iPhone 16. Initial reception has been mixed. Some folks loved the updated camera and new capabilities. Others think the new phone lacks that ‘wow’ factor.  Though, in our view, this will be a device that helps to change the world

Today, the U.S. Federal Reserve officially began its first rate-cutting cycle in four long years – and with a “bang,” no less.  In our view, this bold move opens the door for stocks to party like it’s the 1990s all over again. The big news here, of course, is that the Fed has cut interest

After years of hiking and maintaining high interest rates, the Federal Reserve is likely to enact its first rate cut of this cycle tomorrow. And our work suggests that could mean the start of a major stock market rally that lasts into 2025.  Now, it’s important to understand that stocks do tend to rally after