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A billionaire just loaded up on one of my favourite stocks—u-rah!

Nov 18, 2022

Good morning!

The markets are up in early going.

According to headlines, that’s because investors are “shaking off” inflation fears, but we know better.

Like us, they simply smell a bargain.

Lots, actually!!

Here’s my playbook.

Highest Thanksgiving gas prices EVER: buy (more) oil!

Americans are being warned to brace for the highest Thanksgiving gas prices ever. The national average for dinosaur juice is expected to hit $3.68, or $0.20 more per gallon, than the previous record set a decade ago in 2021. (Read)

They’re gonna hit the road anyway. GasBuddy reports that 20% more Americans than usual plan to travel. Airlines are suggesting they’re at capacity. Not that this is important, but I just paid $5.19 BTW, so all is “normal” here in the PNW. 🤦‍♂️

Of note: Oil demand is going to accelerate for years. Like it or not, that means big energy could be one of the single most important investments you’ll ever make. Many investors are surprised to learn that the best of ‘em are investing heavily in alternative energy AND pay massive dividends to boot.

Case in point, my fav is up 56.48% over the past 12 months versus the S&P 500, which is down -15.83% over the same time frame. A 72.31% advantage for any investor on board, according to Yahoo! Finance, as I type.

FTX's SBF: "My girlfriend did it"

You cannot make this stuff up. FTX founder Bankman-Fried told Vox reporter Kelsey Piper that his girlfriend did it—meaning triggered the company’s implosion. (Read)

Ummm…

According to bankruptcy filings, FTX used emojis to approve expenses, company funds to buy employee homes, and had a much more intimate relationship between FTX and Alameda than publicly known—pun intended.

Investing takeaway: Digital currency is not going back in the bottle anytime soon, but the FTX implosion will radically change the landscape. Invest accordingly. My preference is in big, highly regulated companies. If you’re going to dabble in cryptocurrencies themselves—and a lot of people will despite what’s happening—be prepared for what David Rubenstein and I have both referred to as the “Wild West.”

Slackers give Musk the bird

Hard-charging CEO Elon Musk wants Twitter employees to be more “hardcore,” and I get where he’s coming from. The problem is that the company was built around employees who are anything but. Reports are that entire teams have voluntarily walked out in protest. (Read)

My POV: If you mess with the bull, you risk getting the horns. Legions of self-important Twitter employees may find out the hard way that they really weren’t as indispensable as they thought.

Makes me want to buy more Microsoft because it owns LinkedIn, which seems to me is where a lot of these folks are gonna wind up looking for work.

Billionaires are buying this stock

Billionaire investor Louis Moore Bacon has loaded up on CrowdStrike and, in doing so, made it the fifth-largest holding in his hedge fund, according to 13F filings.

Nice to have company!

CrowdStrike has been a favourite of mine for quite some time. The company is a world-class leader in end-to-end digital threat detection. It’s platform level and AI infused. Shares have been beaten down -48.39% YTD and, I submit, make for one of the most compelling “buys” out there at the moment. Don’t let that fool ya… the company’s customer count has increased 51% over the past 12 months while revenue jumped 61%!

My POV: More than 90% of all the data that has ever been created in the history of humanity has been created within the last few years. Protecting it has never been more critical or potentially profitable! CEOs cannot afford to not spend money on protecting it.

An interview you may enjoy

I sat down recently with longtime friend and colleague Ed D’Agostino of Mauldin Economics as part of his weekly video series, Global Macro Update. It’s a wide-ranging interview covering why today’s markets are a huge opportunity for serious investors despite the fear that pervades headlines, how to make investment decisions, which stocks to keep or dump, and more.

Enjoy—and of course, subscribe to Global Macro Update like I do. Ed’s got a down-to-earth, plain-English way of cutting to the chase. Not to mention some great guests from whom I’ve learned a lot over the years! (Watch)