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☕ The next Nvidia is already teed up and still dirt cheap

May 23, 2024

Good morning! 👋

The markets have gotten the message on the heels of Nvidia’s mic drop.

AI is for real and accelerating.

At the risk of sounding like a broken record, the mistake many investors are making is that they’re thinking about it as a technology when, in fact, AI may well be the technology of all time.

Here’s my playbook.

1 – The more expensive Nvidia gets, the cheaper it is

I’ve been like a broken record since the dang thing was under $150 including numerous TV appearances like this one in which I said $1,000 a share and a split looooonnnnng before anybody else thought that was even remotely possible.

Now, both of those things have happened.

What’s next?

I’m thinking $2,000 - $2,300 a share or $200 - $230+ in split adjusted terms.

Could there be a pullback?

Undoubtedly.

There are a lot of people who missed NVDA because it was “expensive”, or “fully valued” including pros with the means, motive, and methods to cause a lot of heartburn.

Short term, I’d be surprised if we don’t see some selling.

Longer term, we know better.

2 – Palantir is the next Nvidia

Many investors swear up, down and sideways that they won’t miss the next Apple, Microsoft or lately, Nvidia. Yet, that’s exactly what they do.

Why really doesn’t matter but self-doubt and the fact that they usually think they know better has a lot to do with it.

I can’t help but be blunt.

The markets don’t care what you think, people!

Palantir is the next NVDA, and the set-up is nearly identical.

Shares have stalled in the low $20 range after rising off $6.

It’s gonna be $50.

Imho, of course.

Meanwhile, read this if you have any doubts.

3 – Pfizer on the move!

The company has launched a new multi-year cost reduction program on top of the $4B program already in place. (Read)

Shares are on the move as you’d expect.

If you are not buying now, this is another one of those stocks that could have you crying later.

Dividend investors, particularly.

4 – Oregon a sign of things to come

A huge swath of Oregon wants to be part of Idaho and has now voted to make that happen. (Read)

Feckless politicians, of course, can’t see the truth.

They will.

The risks to taxpayers and investors alike are ginormous, particularly state, county, and municipal bond holders.

I’m watching the situation carefully.

Keith’s Investing Tip: I’ve already heard from any number of people who’ve told me it’ll “never” happen but I’m not so sure. I learned a long time ago that investing success comes from probabilities rather than possibilities. And not to use the word “never” because money is funny that way.

5 – Jamie Dimon can’t rule out a hard landing

JPM CEO Jamie Dimon says he can’t rule out a hard landing and US stagflation will be the “worst outcome.” (Read)

Should we worry?

You can if you want.

I’m not.

Instead, I’m going to do something about it because I understand the difference between probabilities and possibilities I’ve just mentioned in #4.

That includes building up a great portfolio of companies capable of powering forward, protecting margins and influencing consumer behavior despite it all.

I urge every investor to do the same and if you’ve got that covered, fabulous!

If you’d like some help and are interested in which companies could make a monster difference to your financial well-being the way Nvidia has for our research clients, I’m here.