The stock fell 7.5%.

→ 480,126 deliveries.
→ Up 25% from a year ago.
→ More than 84,000 above Wall Street’s expectations.

By almost every operating metric, it was a standout quarter.

So why did investors sell?

The answer has less to do with Tesla’s results than with how markets process expectations.

Here is the story. ⇩

SPONSOR BREAK presented by BrownstoneResearch*

Forget SpaceX, Elon’s M.A.G.I. Could Be Bigger

While everyone was distracted with the recent SpaceX IPO…

Elon Musk quietly filed a patent with the U.S. Patent and Trademark Office to protect what Jeff Brown believes will be his next breakthrough…

Something he called “the greatest tech invention in history.”

Click here to see the details because Elon is predicting this new AI breakthrough will unleash a $1 quadrillion new wealth wave.
 

Hard to Ignore…

Even the most optimistic forecasts—around 420,000 deliveries—came in well short of the final number.

But the headline wasn’t the only encouraging sign.

→ 467,762 Model 3 and Model Y deliveries, representing 97% of total deliveries.
→ 13.5 GWh of energy storage deployed, up 53% from the previous quarter.
→ 28,000 more vehicles delivered than produced, reversing the inventory build that worried investors just three months ago.

That final figure may be the most revealing.

In the first quarter, Tesla was producing cars faster than customers were buying them—a classic sign that demand wasn’t keeping pace with supply.

This quarter, the opposite happened.

Customers absorbed more vehicles than Tesla built, reducing inventory rather than expanding it.

For investors trying to judge the health of Tesla’s demand, that may be the most meaningful number in the report.

SPONSOR BREAK presented by ParadigmPress*

Move your money NOW! – Former CIA Advisor

He predicted the 2008 financial crisis…
He predicted Trump’s election in 2016….
He even predicted the rise of COVID-19 writing:

“The chance we don’t have something on the scale of a national pandemic in the next few years is near zero”

That was three months before the first reported case.

If he’s right again, God Bless America…

Because this crisis will be tectonic in scale…and it’s going to begin with the bubble popping in AI.

Click here to view his latest warning
 

So Why Did the Stock Fall?

The numbers were exceptional.

However, the stock closed down 7.5%.

Why?

Because markets reacted to the gap between expectations and reality. And heading into Tesla’s report, expectations had already climbed sharply.

Gene Munster summed up the market’s reaction with three key observations:

1 “Buy the rumor” — the stock had already run
Tesla had already surged into the report, even closing above $420 for the first time in its history. By the time the delivery numbers arrived, much of the optimism had already been reflected in the stock.
For many investors, the report became an opportunity to lock in profits rather than buy more shares.

2 How much did high gas prices help?
Higher gasoline prices likely encouraged more consumers to choose electric vehicles during the quarter. If part of the demand surge was driven by fuel prices rather than a lasting change in buying behavior, investors have reason to question whether that strength can continue.

3 The end of the DOGE headwind
Musk’s departure from the Trump administration removed a political overhang that had weighed on Tesla in several international markets, particularly Europe. That helped improve sentiment—but it’s a one-time change. Once that obstacle is gone, it no longer provides an additional boost.

SPONSOR BREAK presented by MarketWise*

World’s Largest Investors Are Moving Their Money (Not Into AI)

While the media distracts you with stories about the next big AI IPO… The world’s largest investors are moving their money into one asset – at the fastest pace in a generation. This asset has crushed the S&P 500’s return over the past 12 months… More than TRIPLED the S&P 500’s return in 2025… and has outperformed the S&P 500 over the past 25 years by more than 1,100 percentage points. According to one Wall Street veteran, with over 40 years of professional investing experience… the biggest gains could be still ahead. That’s why he’s urging you to make one money move now.

The Geography.

→ US sales down 20%. 
→ Europe up 108%.

The global Tesla story is not one story — it’s two very different ones.

The biggest surprise came from Europe.

Despite ongoing political controversy surrounding Elon Musk, Tesla registrations more than doubled across the region.

Meanwhile, U.S. sales declined following the expiration of federal EV tax credits, making Tesla’s strongest quarter increasingly an international story.

As Deutsche Bank analyst Edison Yu noted, Europe carried much of the momentum, while China continued to provide additional support.

⚠️ In short… Tesla’s recovery wasn’t driven by strength everywhere. It was driven by strength where demand remained resilient enough to offset softness in the U.S.

SPONSOR BREAK presented by Marketwise*

Land of the FREE! Chaikin 4th of July Flash Sale Expires Soon

It’s not too late to get in on Marc Chaikin’s huge 4th of July flash sale. Until Monday only, he’s offering 74% off the Power Gauge Report PLUS a year of free access to his Power Gauge Rating system.

For a taste of Marc’s legendary stock-picking skills, access Marc’s most up-to-date stock Hotlist and Hitlist — PLUS your free year of his system – by clicking here.

The Psychology of $420

The night before Tesla reported its record deliveries, the stock closed at $420.60—the first time in its 16-year history it had ever finished above the iconic $420 level.

Social media lit up with screenshots and jokes. Retail enthusiasm surged.

According to Vanda Research, Tesla typically sees retail buying jump sharply whenever the stock trades around $420, making it one of the market’s most recognizable psychological price levels.

Less than 24 hours later, the stock had erased the excitement, reminding investors that psychology can fuel rallies—but it doesn’t always sustain them.

What Comes Next?

Tesla’s delivery report answered one question:

How many vehicles did the company sell?

It didn’t answer the questions that often matter most to investors:

→ How profitable were those sales?
→ Did margins improve?
→ Is spending on Optimus, Cybercab, and AI still on track?
→ Did higher deliveries translate into stronger earnings?

Those answers arrive with Tesla’s full earnings report on July 22.

That’s when investors will learn whether the record deliveries translated into stronger financial performance—or simply more vehicles on the road.

Lesson Of The Day:

Was this email forwarded to you? Don’t miss out on future stories — subscribe using the button below.

Also, help your friends blossom this spring! Share us with them.

💬 We Want To Hear Your Story:

Got a market or stock you want us to analyze next?

Just drop your request in the comments here.

P.S. – If you no longer want to receive occasional emails from us and you want to unsubscribe, click here 👉 “Unsubscribe” . Thank you!

The stock fell 7.5%.

→ 480,126 deliveries.
→ Up 25% from a year ago.
→ More than 84,000 above Wall Street’s expectations.

By almost every operating metric, it was a standout quarter.

So why did investors sell?

The answer has less to do with Tesla’s results than with how markets process expectations.

Here is the story. ⇩

SPONSOR BREAK presented by BrownstoneResearch*

Forget SpaceX, Elon’s M.A.G.I. Could Be Bigger

While everyone was distracted with the recent SpaceX IPO…

Elon Musk quietly filed a patent with the U.S. Patent and Trademark Office to protect what Jeff Brown believes will be his next breakthrough…

Something he called “the greatest tech invention in history.”

Click here to see the details because Elon is predicting this new AI breakthrough will unleash a $1 quadrillion new wealth wave.
 

Hard to Ignore…

Even the most optimistic forecasts—around 420,000 deliveries—came in well short of the final number.

But the headline wasn’t the only encouraging sign.

→ 467,762 Model 3 and Model Y deliveries, representing 97% of total deliveries.
→ 13.5 GWh of energy storage deployed, up 53% from the previous quarter.
→ 28,000 more vehicles delivered than produced, reversing the inventory build that worried investors just three months ago.

That final figure may be the most revealing.

In the first quarter, Tesla was producing cars faster than customers were buying them—a classic sign that demand wasn’t keeping pace with supply.

This quarter, the opposite happened.

Customers absorbed more vehicles than Tesla built, reducing inventory rather than expanding it.

For investors trying to judge the health of Tesla’s demand, that may be the most meaningful number in the report.

SPONSOR BREAK presented by ParadigmPress*

Move your money NOW! – Former CIA Advisor

He predicted the 2008 financial crisis…
He predicted Trump’s election in 2016….
He even predicted the rise of COVID-19 writing:

“The chance we don’t have something on the scale of a national pandemic in the next few years is near zero”

That was three months before the first reported case.

If he’s right again, God Bless America…

Because this crisis will be tectonic in scale…and it’s going to begin with the bubble popping in AI.

Click here to view his latest warning
 

So Why Did the Stock Fall?

The numbers were exceptional.

However, the stock closed down 7.5%.

Why?

Because markets reacted to the gap between expectations and reality. And heading into Tesla’s report, expectations had already climbed sharply.

Gene Munster summed up the market’s reaction with three key observations:

1 “Buy the rumor” — the stock had already run
Tesla had already surged into the report, even closing above $420 for the first time in its history. By the time the delivery numbers arrived, much of the optimism had already been reflected in the stock.
For many investors, the report became an opportunity to lock in profits rather than buy more shares.

2 How much did high gas prices help?
Higher gasoline prices likely encouraged more consumers to choose electric vehicles during the quarter. If part of the demand surge was driven by fuel prices rather than a lasting change in buying behavior, investors have reason to question whether that strength can continue.

3 The end of the DOGE headwind
Musk’s departure from the Trump administration removed a political overhang that had weighed on Tesla in several international markets, particularly Europe. That helped improve sentiment—but it’s a one-time change. Once that obstacle is gone, it no longer provides an additional boost.

SPONSOR BREAK presented by MarketWise*

World’s Largest Investors Are Moving Their Money (Not Into AI)

While the media distracts you with stories about the next big AI IPO… The world’s largest investors are moving their money into one asset – at the fastest pace in a generation. This asset has crushed the S&P 500’s return over the past 12 months… More than TRIPLED the S&P 500’s return in 2025… and has outperformed the S&P 500 over the past 25 years by more than 1,100 percentage points. According to one Wall Street veteran, with over 40 years of professional investing experience… the biggest gains could be still ahead. That’s why he’s urging you to make one money move now.

The Geography.

→ US sales down 20%. 
→ Europe up 108%.

The global Tesla story is not one story — it’s two very different ones.

The biggest surprise came from Europe.

Despite ongoing political controversy surrounding Elon Musk, Tesla registrations more than doubled across the region.

Meanwhile, U.S. sales declined following the expiration of federal EV tax credits, making Tesla’s strongest quarter increasingly an international story.

As Deutsche Bank analyst Edison Yu noted, Europe carried much of the momentum, while China continued to provide additional support.

⚠️ In short… Tesla’s recovery wasn’t driven by strength everywhere. It was driven by strength where demand remained resilient enough to offset softness in the U.S.

SPONSOR BREAK presented by Marketwise*

Land of the FREE! Chaikin 4th of July Flash Sale Expires Soon

It’s not too late to get in on Marc Chaikin’s huge 4th of July flash sale. Until Monday only, he’s offering 74% off the Power Gauge Report PLUS a year of free access to his Power Gauge Rating system.

For a taste of Marc’s legendary stock-picking skills, access Marc’s most up-to-date stock Hotlist and Hitlist — PLUS your free year of his system – by clicking here.

The Psychology of $420

The night before Tesla reported its record deliveries, the stock closed at $420.60—the first time in its 16-year history it had ever finished above the iconic $420 level.

Social media lit up with screenshots and jokes. Retail enthusiasm surged.

According to Vanda Research, Tesla typically sees retail buying jump sharply whenever the stock trades around $420, making it one of the market’s most recognizable psychological price levels.

Less than 24 hours later, the stock had erased the excitement, reminding investors that psychology can fuel rallies—but it doesn’t always sustain them.

What Comes Next?

Tesla’s delivery report answered one question:

How many vehicles did the company sell?

It didn’t answer the questions that often matter most to investors:

→ How profitable were those sales?
→ Did margins improve?
→ Is spending on Optimus, Cybercab, and AI still on track?
→ Did higher deliveries translate into stronger earnings?

Those answers arrive with Tesla’s full earnings report on July 22.

That’s when investors will learn whether the record deliveries translated into stronger financial performance—or simply more vehicles on the road.

Lesson Of The Day:

Was this email forwarded to you? Don’t miss out on future stories — subscribe using the button below.

Also, help your friends blossom this spring! Share us with them.

💬 We Want To Hear Your Story:

Got a market or stock you want us to analyze next?

Just drop your request in the comments here.

P.S. – If you no longer want to receive occasional emails from us and you want to unsubscribe, click here 👉 “Unsubscribe” . Thank you!

How High Could it Go?

How expensive was too expensive?

Would the rally last?

This week, the quiet period expired, and Wall Street’s first analyst reports began arriving.

For the first time, investors have detailed financial models—not just excitement—to compare.

Here is the story. ⇩

SPONSOR BREAK presented by BrownstoneResearch*

Forget SpaceX, Elon’s M.A.G.I. Could Be Bigger

While everyone was distracted with the recent SpaceX IPO…

Elon Musk quietly filed a patent with the U.S. Patent and Trademark Office to protect what Jeff Brown believes will be his next breakthrough…

Something he called “the greatest tech invention in history.”

Click here to see the details because Elon is predicting this new AI breakthrough will unleash a $1 quadrillion new wealth wave.
 

The Early Verdict?

Almost everyone likes the company.

They just can’t agree on what it’s worth.

→ Wedbush initiated coverage with an Outperform rating and a $190 price target.
→ Oppenheimer remains the most optimistic at $250.
→ Susquehanna took a more cautious approach, assigning a Neutral rating and a $170 target.

Across all 11 analysts now covering the stock, the median price target sits around $227.

The market had a different opinion.

SpaceX SPCX ( ▼ 7.8% ) fell 7.8% on Wednesday.

WELCOME to the next stage of being a public company.

SPONSOR BREAK presented by ParadigmPress*

Move your money NOW! – Former CIA Advisor

He predicted the 2008 financial crisis…
He predicted Trump’s election in 2016….
He even predicted the rise of COVID-19 writing:

“The chance we don’t have something on the scale of a national pandemic in the next few years is near zero”

That was three months before the first reported case.

If he’s right again, God Bless America…

Because this crisis will be tectonic in scale…and it’s going to begin with the bubble popping in AI.

Click here to view his latest warning
 

The Analyst Scoreboard.

1 The Expansion View · Oppenheimer · $250

Oppenheimer is optimistic.

Its thesis is that SpaceX isn’t finished building.

It’s just getting started.

Analyst Timothy Horan raised his price target from $190 to $250 after SpaceX acquired AI startup Cursor, arguing the deal could dramatically accelerate the company’s AI revenue.

His model projects Cursor generating roughly $6 billion in revenue by the end of this year, pushing SpaceX’s AI segment close to $9 billion in quarterly revenue.

Horan also expects SpaceX to continue expanding through acquisitions.

Potential targets include additional
→ power assets,
→ data centers, and even
→ mobile communications companies that could strengthen Starlink’s network.

In his view, today’s SpaceX is only the foundation for a much larger AI and connectivity platform.

SPONSOR BREAK presented by MarketWise*

World’s Largest Investors Are Moving Their Money (Not Into AI)

While the media distracts you with stories about the next big AI IPO… The world’s largest investors are moving their money into one asset – at the fastest pace in a generation. This asset has crushed the S&P 500’s return over the past 12 months… More than TRIPLED the S&P 500’s return in 2025… and has outperformed the S&P 500 over the past 25 years by more than 1,100 percentage points. According to one Wall Street veteran, with over 40 years of professional investing experience… the biggest gains could be still ahead. That’s why he’s urging you to make one money move now.

2 The Infrastructure View · Wedbush · $190

Dan Ives argues investors shouldn’t think of SpaceX as just a rocket company.

His thesis rests on three businesses working together.

Launch provides the infrastructure. SpaceX completed roughly 170 missions in 2025 and sent more payload into orbit than the rest of the world combined, giving it a cost advantage that competitors struggle to match.

Starlink provides the cash flow. With roughly 12 million subscribers and less than 1% of the global broadband market, Wedbush believes the runway for growth remains enormous.

Then there’s AI.

Ives believes this is where most of SpaceX’s future value will come from. The company has already signed large AI compute agreements with companies including Anthropic and Google, using its Colossus data centers to power models like Claude and Gemini. That’s why Wedbush describes SpaceX as “one of the most differentiated assets in the technology sector.”

But even the bull case comes with a caveat.

Those compute contracts can reportedly be cancelled with relatively short notice, making them less predictable than the long-term cloud contracts signed by traditional hyperscalers like Microsoft or Amazon.

Ives also views today’s losses differently than many investors.

Rather than seeing a company losing money, he sees one spending aggressively to build businesses that won’t fully mature until later this decade.

His $190 price target is based on what SpaceX could look like in 2028, not what it earns today.

SPONSOR BREAK presented by Brownstone*

Is This Elon Musk’s Next IPO?

After taking SpaceX public in the biggest IPO ever, Elon Musk is already working with a NEW startup that’s growing faster than Tesla…

Faster than SpaceX… And faster than any of Elon Musk’s previous ventures.

Bloomberg has just confirmed that this startup is moving towards “a blockbuster IPO.”

Click here to get the name completely free of charge…

And Jeff Brown will also show you how to claim a pre-IPO stake for as little as $50.

3 The Valuation View · Susquehanna · $170

Susquehanna doesn’t disagree with the business.

It questions the price.

Analyst Charles Minervino acknowledged nearly every strength highlighted by the bulls: launch leadership, Starlink’s growth potential, AI opportunities, and Elon Musk’s execution.

His concern is simpler.

At current valuations, investors are already paying for years of exceptional growth.

→ If SpaceX delivers exactly as expected, the stock may justify today’s price.

→ If execution slips, the margin for error is small.

That’s why Susquehanna’s Neutral rating isn’t a bearish call.

It’s a valuation call.

As Minervino put it, SpaceX operates in several markets that are still evolving, creating “a wide range of outcomes.”

In other words, the company may be exceptional.

The stock simply leaves less room for surprises.

The Number SpaceX Puts On Its Own Future.

The launch business — the thing SpaceX is actually famous for — accounts for just $370 billion of it, or about 1.3%. Connectivity (Starlink) accounts for another 5.6%.

The remaining 93% of SpaceX’s entire addressable market claim rests entirely on AI.

The bull case, in other words, is an AI infrastructure thesis, with rockets as the delivery mechanism.

📅 July 7 — SpaceX joins the Nasdaq 100

On July 7, SpaceX is scheduled to join the Nasdaq-100, one of the fastest index additions for a company of its size.

JPMorgan estimates the inclusion could generate roughly $4.3 billion in buying from index-tracking funds that are required to hold the index’s components.

The Number Every Investor Should Know

Almost every bullish report shares the same long-term vision.

They also acknowledge the same short-term reality.

In the first quarter, SpaceX generated $4.7 billion in revenue but reported a $4.3 billion net loss, compared with a $528 million loss a year earlier.

Those losses are largely the result of heavy investment in AI infrastructure, Starship, and future growth initiatives.

The debate is about what the number means.

→ The bulls see an investment cycle.

→ The bears see a cash burn problem.

Both are looking at the same financial statement.

Lesson Of The Day:

Was this email forwarded to you? Don’t miss out on future stories — subscribe using the button below.

Also, help your friends blossom this spring! Share us with them.

💬 We Want To Hear Your Story:

Got a market or stock you want us to analyze next?

Just drop your request in the comments here.

P.S. – If you no longer want to receive occasional emails from us and you want to unsubscribe, click here 👉 “Unsubscribe” . Thank you!

How High Could it Go?

How expensive was too expensive?

Would the rally last?

This week, the quiet period expired, and Wall Street’s first analyst reports began arriving.

For the first time, investors have detailed financial models—not just excitement—to compare.

Here is the story. ⇩

SPONSOR BREAK presented by BrownstoneResearch*

Forget SpaceX, Elon’s M.A.G.I. Could Be Bigger

While everyone was distracted with the recent SpaceX IPO…

Elon Musk quietly filed a patent with the U.S. Patent and Trademark Office to protect what Jeff Brown believes will be his next breakthrough…

Something he called “the greatest tech invention in history.”

Click here to see the details because Elon is predicting this new AI breakthrough will unleash a $1 quadrillion new wealth wave.
 

The Early Verdict?

Almost everyone likes the company.

They just can’t agree on what it’s worth.

→ Wedbush initiated coverage with an Outperform rating and a $190 price target.
→ Oppenheimer remains the most optimistic at $250.
→ Susquehanna took a more cautious approach, assigning a Neutral rating and a $170 target.

Across all 11 analysts now covering the stock, the median price target sits around $227.

The market had a different opinion.

SpaceX SPCX ( ▼ 7.8% ) fell 7.8% on Wednesday.

WELCOME to the next stage of being a public company.

SPONSOR BREAK presented by ParadigmPress*

Move your money NOW! – Former CIA Advisor

He predicted the 2008 financial crisis…
He predicted Trump’s election in 2016….
He even predicted the rise of COVID-19 writing:

“The chance we don’t have something on the scale of a national pandemic in the next few years is near zero”

That was three months before the first reported case.

If he’s right again, God Bless America…

Because this crisis will be tectonic in scale…and it’s going to begin with the bubble popping in AI.

Click here to view his latest warning
 

The Analyst Scoreboard.

1 The Expansion View · Oppenheimer · $250

Oppenheimer is optimistic.

Its thesis is that SpaceX isn’t finished building.

It’s just getting started.

Analyst Timothy Horan raised his price target from $190 to $250 after SpaceX acquired AI startup Cursor, arguing the deal could dramatically accelerate the company’s AI revenue.

His model projects Cursor generating roughly $6 billion in revenue by the end of this year, pushing SpaceX’s AI segment close to $9 billion in quarterly revenue.

Horan also expects SpaceX to continue expanding through acquisitions.

Potential targets include additional
→ power assets,
→ data centers, and even
→ mobile communications companies that could strengthen Starlink’s network.

In his view, today’s SpaceX is only the foundation for a much larger AI and connectivity platform.

SPONSOR BREAK presented by MarketWise*

World’s Largest Investors Are Moving Their Money (Not Into AI)

While the media distracts you with stories about the next big AI IPO… The world’s largest investors are moving their money into one asset – at the fastest pace in a generation. This asset has crushed the S&P 500’s return over the past 12 months… More than TRIPLED the S&P 500’s return in 2025… and has outperformed the S&P 500 over the past 25 years by more than 1,100 percentage points. According to one Wall Street veteran, with over 40 years of professional investing experience… the biggest gains could be still ahead. That’s why he’s urging you to make one money move now.

2 The Infrastructure View · Wedbush · $190

Dan Ives argues investors shouldn’t think of SpaceX as just a rocket company.

His thesis rests on three businesses working together.

Launch provides the infrastructure. SpaceX completed roughly 170 missions in 2025 and sent more payload into orbit than the rest of the world combined, giving it a cost advantage that competitors struggle to match.

Starlink provides the cash flow. With roughly 12 million subscribers and less than 1% of the global broadband market, Wedbush believes the runway for growth remains enormous.

Then there’s AI.

Ives believes this is where most of SpaceX’s future value will come from. The company has already signed large AI compute agreements with companies including Anthropic and Google, using its Colossus data centers to power models like Claude and Gemini. That’s why Wedbush describes SpaceX as “one of the most differentiated assets in the technology sector.”

But even the bull case comes with a caveat.

Those compute contracts can reportedly be cancelled with relatively short notice, making them less predictable than the long-term cloud contracts signed by traditional hyperscalers like Microsoft or Amazon.

Ives also views today’s losses differently than many investors.

Rather than seeing a company losing money, he sees one spending aggressively to build businesses that won’t fully mature until later this decade.

His $190 price target is based on what SpaceX could look like in 2028, not what it earns today.

SPONSOR BREAK presented by Brownstone*

Is This Elon Musk’s Next IPO?

After taking SpaceX public in the biggest IPO ever, Elon Musk is already working with a NEW startup that’s growing faster than Tesla…

Faster than SpaceX… And faster than any of Elon Musk’s previous ventures.

Bloomberg has just confirmed that this startup is moving towards “a blockbuster IPO.”

Click here to get the name completely free of charge…

And Jeff Brown will also show you how to claim a pre-IPO stake for as little as $50.

3 The Valuation View · Susquehanna · $170

Susquehanna doesn’t disagree with the business.

It questions the price.

Analyst Charles Minervino acknowledged nearly every strength highlighted by the bulls: launch leadership, Starlink’s growth potential, AI opportunities, and Elon Musk’s execution.

His concern is simpler.

At current valuations, investors are already paying for years of exceptional growth.

→ If SpaceX delivers exactly as expected, the stock may justify today’s price.

→ If execution slips, the margin for error is small.

That’s why Susquehanna’s Neutral rating isn’t a bearish call.

It’s a valuation call.

As Minervino put it, SpaceX operates in several markets that are still evolving, creating “a wide range of outcomes.”

In other words, the company may be exceptional.

The stock simply leaves less room for surprises.

The Number SpaceX Puts On Its Own Future.

The launch business — the thing SpaceX is actually famous for — accounts for just $370 billion of it, or about 1.3%. Connectivity (Starlink) accounts for another 5.6%.

The remaining 93% of SpaceX’s entire addressable market claim rests entirely on AI.

The bull case, in other words, is an AI infrastructure thesis, with rockets as the delivery mechanism.

📅 July 7 — SpaceX joins the Nasdaq 100

On July 7, SpaceX is scheduled to join the Nasdaq-100, one of the fastest index additions for a company of its size.

JPMorgan estimates the inclusion could generate roughly $4.3 billion in buying from index-tracking funds that are required to hold the index’s components.

The Number Every Investor Should Know

Almost every bullish report shares the same long-term vision.

They also acknowledge the same short-term reality.

In the first quarter, SpaceX generated $4.7 billion in revenue but reported a $4.3 billion net loss, compared with a $528 million loss a year earlier.

Those losses are largely the result of heavy investment in AI infrastructure, Starship, and future growth initiatives.

The debate is about what the number means.

→ The bulls see an investment cycle.

→ The bears see a cash burn problem.

Both are looking at the same financial statement.

Lesson Of The Day:

Was this email forwarded to you? Don’t miss out on future stories — subscribe using the button below.

Also, help your friends blossom this spring! Share us with them.

💬 We Want To Hear Your Story:

Got a market or stock you want us to analyze next?

Just drop your request in the comments here.

P.S. – If you no longer want to receive occasional emails from us and you want to unsubscribe, click here 👉 “Unsubscribe” . Thank you!

Trading Together.

Before SpaceX went public, the prevailing theory seemed straightforward: investors would sell Tesla to buy SpaceX.

It sounded perfectly reasonable.

But since last Thursday, the two stocks have moved almost in lockstep.

Up together. Down together. Back up together.

Rather than competing for investor dollars, the market has been treating SpaceX and Tesla as if they’re on the same team.

Here is the story. ⇩

SPONSOR BREAK presented by BrownstoneResearch*

Forget SpaceX, Elon’s M.A.G.I. Could Be Bigger

While everyone was distracted with the recent SpaceX IPO…

Elon Musk quietly filed a patent with the U.S. Patent and Trademark Office to protect what Jeff Brown believes will be his next breakthrough…

Something he called “the greatest tech invention in history.”

Click here to see the details because Elon is predicting this new AI breakthrough will unleash a $1 quadrillion new wealth wave.
 

Monday Erased All Doubt.

Monday was the clearest example. 
→ SpaceX jumped 7.2%—its best day since June 15, just the second trading day after its IPO.
→Tesla climbed 8%, leading the Magnificent Seven.

Both moves came on the same day, for reasons that were partly overlapping and partly distinct — and yet the stocks moved as if they had coordinated.

SPONSOR BREAK presented by ParadigmPress*

Move your money NOW! – Former CIA Advisor

He predicted the 2008 financial crisis…
He predicted Trump’s election in 2016….
He even predicted the rise of COVID-19 writing:

“The chance we don’t have something on the scale of a national pandemic in the next few years is near zero”

That was three months before the first reported case.

If he’s right again, God Bless America…

Because this crisis will be tectonic in scale…and it’s going to begin with the bubble popping in AI.

Click here to view his latest warning
 

The Market Has Found Several Reasons to Own Both.

1 They’re both AI stories
Neither company is being valued solely for its core business anymore. SpaceX is building AI infrastructure through Starlink and its long-term vision for orbital data centers. Tesla is betting on autonomous driving, robotics, and AI software. Investors buying into the AI theme increasingly see both as part of the same opportunity.

2 They share the same investor base
Few CEOs have a more loyal following than Elon Musk. Many Tesla shareholders were already waiting for a chance to own SpaceX. Rather than rotating from one to the other, many simply added the new stock to their portfolios.

3 The same market mood drives both
When investors embrace risk, both stocks tend to benefit. When sentiment turns defensive, both usually come under pressure. Last week, Fed-driven selling hit both names. This week, as technology stocks rebounded, both rallied together.

The result: investors are trading SpaceX and Tesla more like two expressions of the same theme → Elon Musk, AI, and high-growth technology.

SPONSOR BREAK presented by MarketWise*

The Billionaire Who Saved SpaceX Just Made a New Bet

He once rescued SpaceX from bankruptcy. He also helped launch Facebook, Airbnb, YouTube, and Spotify. And now he’s making a new bet – he’s just sold every single share of the Mag 7 companies in his portfolio. And he’s using that money to buy a shocking new kind of company instead. You should mirror his moves. And now you can, for as little as $50 a share.

Click here for details.
 

It Wasn’t Just Musk Magic.

Monday’s rally had its own catalysts.

1 Elon Musk announced that Version 14 of Tesla’s Full Self-Driving software was beginning to roll out to customers—an important milestone for the company’s autonomous driving ambitions.

2 At the same time, the National Highway Traffic Safety Administration closed its investigation into power steering issues affecting certain 2023 Tesla models, removing a regulatory overhang that had weighed on the stock.

On a day when the broader technology sector was already recovering, those company-specific developments gave investors even more reason to buy Tesla.

In other words, Tesla rose on its own merits—yet SpaceX rallied right alongside it.

SPONSOR BREAK presented by MarketWise*

World’s Largest Investors Are Moving Their Money (Not Into AI)

While the media distracts you with stories about the next big AI IPO… The world’s largest investors are moving their money into one asset – at the fastest pace in a generation. This asset has crushed the S&P 500’s return over the past 12 months… More than TRIPLED the S&P 500’s return in 2025… and has outperformed the S&P 500 over the past 25 years by more than 1,100 percentage points. According to one Wall Street veteran, with over 40 years of professional investing experience… the biggest gains could be still ahead. That’s why he’s urging you to make one money move now.

What Breaks The Pattern.

For now, SpaceX and Tesla are trading as part of the same AI/Musk story.

⚠️ Several catalysts are approaching that could shift attention back to each company’s own fundamentals later.

The biggest wildcard is analyst coverage.

The analyst coverage gap — worth watching.

Eleven analysts cover SpaceX today. Six rate it Buy. The average price target is $243 — against Tuesday’s price near $170.

None of the major banks that underwrote the IPO have initiated coverage yet — they typically wait a few weeks post-IPO.

As more firms publish their research, investors will have a broader range of institutional views to evaluate, and those opinions could become an important driver of trading—independent of Tesla’s quarterly deliveries.

Lesson Of The Day:

Was this email forwarded to you? Don’t miss out on future stories — subscribe using the button below.

Also, help your friends blossom this spring! Share us with them.

💬 We Want To Hear Your Story:

Got a market or stock you want us to analyze next?

Just drop your request in the comments here.

P.S. – If you no longer want to receive occasional emails from us and you want to unsubscribe, click here 👉 “Unsubscribe” . Thank you!

Trading Together.

Before SpaceX went public, the prevailing theory seemed straightforward: investors would sell Tesla to buy SpaceX.

It sounded perfectly reasonable.

But since last Thursday, the two stocks have moved almost in lockstep.

Up together. Down together. Back up together.

Rather than competing for investor dollars, the market has been treating SpaceX and Tesla as if they’re on the same team.

Here is the story. ⇩

SPONSOR BREAK presented by BrownstoneResearch*

Forget SpaceX, Elon’s M.A.G.I. Could Be Bigger

While everyone was distracted with the recent SpaceX IPO…

Elon Musk quietly filed a patent with the U.S. Patent and Trademark Office to protect what Jeff Brown believes will be his next breakthrough…

Something he called “the greatest tech invention in history.”

Click here to see the details because Elon is predicting this new AI breakthrough will unleash a $1 quadrillion new wealth wave.
 

Monday Erased All Doubt.

Monday was the clearest example. 
→ SpaceX jumped 7.2%—its best day since June 15, just the second trading day after its IPO.
→Tesla climbed 8%, leading the Magnificent Seven.

Both moves came on the same day, for reasons that were partly overlapping and partly distinct — and yet the stocks moved as if they had coordinated.

SPONSOR BREAK presented by ParadigmPress*

Move your money NOW! – Former CIA Advisor

He predicted the 2008 financial crisis…
He predicted Trump’s election in 2016….
He even predicted the rise of COVID-19 writing:

“The chance we don’t have something on the scale of a national pandemic in the next few years is near zero”

That was three months before the first reported case.

If he’s right again, God Bless America…

Because this crisis will be tectonic in scale…and it’s going to begin with the bubble popping in AI.

Click here to view his latest warning
 

The Market Has Found Several Reasons to Own Both.

1 They’re both AI stories
Neither company is being valued solely for its core business anymore. SpaceX is building AI infrastructure through Starlink and its long-term vision for orbital data centers. Tesla is betting on autonomous driving, robotics, and AI software. Investors buying into the AI theme increasingly see both as part of the same opportunity.

2 They share the same investor base
Few CEOs have a more loyal following than Elon Musk. Many Tesla shareholders were already waiting for a chance to own SpaceX. Rather than rotating from one to the other, many simply added the new stock to their portfolios.

3 The same market mood drives both
When investors embrace risk, both stocks tend to benefit. When sentiment turns defensive, both usually come under pressure. Last week, Fed-driven selling hit both names. This week, as technology stocks rebounded, both rallied together.

The result: investors are trading SpaceX and Tesla more like two expressions of the same theme → Elon Musk, AI, and high-growth technology.

SPONSOR BREAK presented by MarketWise*

The Billionaire Who Saved SpaceX Just Made a New Bet

He once rescued SpaceX from bankruptcy. He also helped launch Facebook, Airbnb, YouTube, and Spotify. And now he’s making a new bet – he’s just sold every single share of the Mag 7 companies in his portfolio. And he’s using that money to buy a shocking new kind of company instead. You should mirror his moves. And now you can, for as little as $50 a share.

Click here for details.
 

It Wasn’t Just Musk Magic.

Monday’s rally had its own catalysts.

1 Elon Musk announced that Version 14 of Tesla’s Full Self-Driving software was beginning to roll out to customers—an important milestone for the company’s autonomous driving ambitions.

2 At the same time, the National Highway Traffic Safety Administration closed its investigation into power steering issues affecting certain 2023 Tesla models, removing a regulatory overhang that had weighed on the stock.

On a day when the broader technology sector was already recovering, those company-specific developments gave investors even more reason to buy Tesla.

In other words, Tesla rose on its own merits—yet SpaceX rallied right alongside it.

SPONSOR BREAK presented by MarketWise*

World’s Largest Investors Are Moving Their Money (Not Into AI)

While the media distracts you with stories about the next big AI IPO… The world’s largest investors are moving their money into one asset – at the fastest pace in a generation. This asset has crushed the S&P 500’s return over the past 12 months… More than TRIPLED the S&P 500’s return in 2025… and has outperformed the S&P 500 over the past 25 years by more than 1,100 percentage points. According to one Wall Street veteran, with over 40 years of professional investing experience… the biggest gains could be still ahead. That’s why he’s urging you to make one money move now.

What Breaks The Pattern.

For now, SpaceX and Tesla are trading as part of the same AI/Musk story.

⚠️ Several catalysts are approaching that could shift attention back to each company’s own fundamentals later.

The biggest wildcard is analyst coverage.

The analyst coverage gap — worth watching.

Eleven analysts cover SpaceX today. Six rate it Buy. The average price target is $243 — against Tuesday’s price near $170.

None of the major banks that underwrote the IPO have initiated coverage yet — they typically wait a few weeks post-IPO.

As more firms publish their research, investors will have a broader range of institutional views to evaluate, and those opinions could become an important driver of trading—independent of Tesla’s quarterly deliveries.

Lesson Of The Day:

Was this email forwarded to you? Don’t miss out on future stories — subscribe using the button below.

Also, help your friends blossom this spring! Share us with them.

💬 We Want To Hear Your Story:

Got a market or stock you want us to analyze next?

Just drop your request in the comments here.

P.S. – If you no longer want to receive occasional emails from us and you want to unsubscribe, click here 👉 “Unsubscribe” . Thank you!

Trading Together.

Before SpaceX went public, the prevailing theory seemed straightforward: investors would sell Tesla to buy SpaceX.

It sounded perfectly reasonable.

But since last Thursday, the two stocks have moved almost in lockstep.

Up together. Down together. Back up together.

Rather than competing for investor dollars, the market has been treating SpaceX and Tesla as if they’re on the same team.

Here is the story. ⇩

SPONSOR BREAK presented by BrownstoneResearch*

Forget SpaceX, Elon’s M.A.G.I. Could Be Bigger

While everyone was distracted with the recent SpaceX IPO…

Elon Musk quietly filed a patent with the U.S. Patent and Trademark Office to protect what Jeff Brown believes will be his next breakthrough…

Something he called “the greatest tech invention in history.”

Click here to see the details because Elon is predicting this new AI breakthrough will unleash a $1 quadrillion new wealth wave.
 

Monday Erased All Doubt.

Monday was the clearest example. 
→ SpaceX jumped 7.2%—its best day since June 15, just the second trading day after its IPO.
→Tesla climbed 8%, leading the Magnificent Seven.

Both moves came on the same day, for reasons that were partly overlapping and partly distinct — and yet the stocks moved as if they had coordinated.

SPONSOR BREAK presented by ParadigmPress*

Move your money NOW! – Former CIA Advisor

He predicted the 2008 financial crisis…
He predicted Trump’s election in 2016….
He even predicted the rise of COVID-19 writing:

“The chance we don’t have something on the scale of a national pandemic in the next few years is near zero”

That was three months before the first reported case.

If he’s right again, God Bless America…

Because this crisis will be tectonic in scale…and it’s going to begin with the bubble popping in AI.

Click here to view his latest warning
 

The Market Has Found Several Reasons to Own Both.

1 They’re both AI stories
Neither company is being valued solely for its core business anymore. SpaceX is building AI infrastructure through Starlink and its long-term vision for orbital data centers. Tesla is betting on autonomous driving, robotics, and AI software. Investors buying into the AI theme increasingly see both as part of the same opportunity.

2 They share the same investor base
Few CEOs have a more loyal following than Elon Musk. Many Tesla shareholders were already waiting for a chance to own SpaceX. Rather than rotating from one to the other, many simply added the new stock to their portfolios.

3 The same market mood drives both
When investors embrace risk, both stocks tend to benefit. When sentiment turns defensive, both usually come under pressure. Last week, Fed-driven selling hit both names. This week, as technology stocks rebounded, both rallied together.

The result: investors are trading SpaceX and Tesla more like two expressions of the same theme → Elon Musk, AI, and high-growth technology.

SPONSOR BREAK presented by MarketWise*

The Billionaire Who Saved SpaceX Just Made a New Bet

He once rescued SpaceX from bankruptcy. He also helped launch Facebook, Airbnb, YouTube, and Spotify. And now he’s making a new bet – he’s just sold every single share of the Mag 7 companies in his portfolio. And he’s using that money to buy a shocking new kind of company instead. You should mirror his moves. And now you can, for as little as $50 a share.

Click here for details.
 

It Wasn’t Just Musk Magic.

Monday’s rally had its own catalysts.

1 Elon Musk announced that Version 14 of Tesla’s Full Self-Driving software was beginning to roll out to customers—an important milestone for the company’s autonomous driving ambitions.

2 At the same time, the National Highway Traffic Safety Administration closed its investigation into power steering issues affecting certain 2023 Tesla models, removing a regulatory overhang that had weighed on the stock.

On a day when the broader technology sector was already recovering, those company-specific developments gave investors even more reason to buy Tesla.

In other words, Tesla rose on its own merits—yet SpaceX rallied right alongside it.

SPONSOR BREAK presented by MarketWise*

World’s Largest Investors Are Moving Their Money (Not Into AI)

While the media distracts you with stories about the next big AI IPO… The world’s largest investors are moving their money into one asset – at the fastest pace in a generation. This asset has crushed the S&P 500’s return over the past 12 months… More than TRIPLED the S&P 500’s return in 2025… and has outperformed the S&P 500 over the past 25 years by more than 1,100 percentage points. According to one Wall Street veteran, with over 40 years of professional investing experience… the biggest gains could be still ahead. That’s why he’s urging you to make one money move now.

What Breaks The Pattern.

For now, SpaceX and Tesla are trading as part of the same AI/Musk story.

⚠️ Several catalysts are approaching that could shift attention back to each company’s own fundamentals later.

The biggest wildcard is analyst coverage.

The analyst coverage gap — worth watching.

Eleven analysts cover SpaceX today. Six rate it Buy. The average price target is $243 — against Tuesday’s price near $170.

None of the major banks that underwrote the IPO have initiated coverage yet — they typically wait a few weeks post-IPO.

As more firms publish their research, investors will have a broader range of institutional views to evaluate, and those opinions could become an important driver of trading—independent of Tesla’s quarterly deliveries.

Lesson Of The Day:

Was this email forwarded to you? Don’t miss out on future stories — subscribe using the button below.

Also, help your friends blossom this spring! Share us with them.

💬 We Want To Hear Your Story:

Got a market or stock you want us to analyze next?

Just drop your request in the comments here.

P.S. – If you no longer want to receive occasional emails from us and you want to unsubscribe, click here 👉 “Unsubscribe” . Thank you!

Swimming In Cash…

If you looked only at corporate profits, you’d think the economy has rarely been healthier.

Corporate America earned $4.42 trillion in annualized profits during the first quarter—the second-highest figure ever recorded.

→ Profit margins are near record highs.

→ Companies are keeping more of every dollar they sell than they have in decades.

By almost every historical measure, business has never been this good.

Yet one of Wall Street’s most influential bankers isn’t celebrating.

Jamie Dimon says he’s worried.

Not about today’s economy. About tomorrow’s.

Here is the story. ⇩

SPONSOR BREAK presented by MarketWise*

World’s Largest Investors Are Moving Their Money (Not Into AI)

While the media distracts you with stories about the next big AI IPO… The world’s largest investors are moving their money into one asset – at the fastest pace in a generation. This asset has crushed the S&P 500’s return over the past 12 months… More than TRIPLED the S&P 500’s return in 2025… and has outperformed the S&P 500 over the past 25 years by more than 1,100 percentage points. According to one Wall Street veteran, with over 40 years of professional investing experience… the biggest gains could be still ahead. That’s why he’s urging you to make one money move now.

This Isn’t New.

S&P 500 companies kept 15 cents of every revenue dollar in Q1 — a record, by some distance.

→ $0.15 Profit per $1 revenue
Highest since FactSet began tracking in 2009. More than double the 1946-2025 average of $0.06.

→ 63.2% Mag 7 earnings growth
Q1 2026. Nearly 4x the rate of the remaining 493 S&P 500 companies.

→ 2 Decades – Margin record streak
Operating and net margins both at their highest in at least 20 years, per Bloomberg.

From 1950 to 2010, corporate profits typically stayed below 10% of GDP.

Now they’re comfortably above 12%.

That’s more than just a strong quarter. It suggests the economics of corporate America have fundamentally changed.

A big reason is AI.

The companies building chips, data centers, cloud infrastructure, and software are generating enormous profits, while years of efficiency programs have kept costs under control.

The result?
→ Record revenues.
→ Record margins.
→ Record earnings.

SPONSOR BREAK presented by Brownstone*

Where should you invest $50 today?

Elon Musk just started backing a hot new startup that’s already growing faster than Tesla… faster than SpaceX…

And it’s even growing 23 times faster than Nvidia.

That’s why The Atlantic called it…

“The fastest-growing business in the history of capitalism.”

Even though this has nothing to do with robots, self-driving cars and rockets, its CEO is projecting growth of up to 8,000% for this year… Enough to turn $1,000 into $80,000.

Click here and Jeff Brown will show you how to claim your pre-IPO stake for as little as $50.
 

The Boom Is Becoming Concentrated:

Barclays recently called this investment cycle a “structural tailwind” for the U.S. economy, arguing that AI infrastructure spending remains one of the strongest reasons to stay invested. At the same time, years of cost-cutting and efficiency programs across Big Tech have helped companies expand margins even further.

A second tailwind may be coming from lower energy costs. Alpine Macro believes easing tensions in the Middle East could reduce fuel prices, giving companies another boost by lowering operating expenses.

The catch? The profit boom isn’t spread evenly.

Goldman Sachs estimates that AI infrastructure beneficiaries could generate roughly half of all S&P 500 earnings growth this year. That’s an impressive engine—but it also means a growing share of corporate America’s profit story depends on a relatively small group of companies continuing to deliver.

Micron’s latest earnings illustrate the point perfectly. The memory-chip maker reported $28.24 billion in quarterly GAAP net income, helping send the stock more than 6% higher.

The AI buildout isn’t just creating excitement—it is already creating extraordinary profits.

SPONSOR BREAK presented by MarketWise*

The Billionaire Who Saved SpaceX Just Made a New Bet

He once rescued SpaceX from bankruptcy. He also helped launch Facebook, Airbnb, YouTube, and Spotify. And now he’s making a new bet – he’s just sold every single share of the Mag 7 companies in his portfolio. And he’s using that money to buy a shocking new kind of company instead. You should mirror his moves. And now you can, for as little as $50 a share.

Click here for details.
 

A Rare Instance of Political Consensus

Record profits are drawing attention from both sides of the aisle

When corporate profits reach historic highs while consumers are still feeling the effects of inflation, political scrutiny tends to follow.

President Trump
Criticized oil companies this week, accusing them of keeping gasoline prices too high despite lower crude oil prices.

Senator Bernie Sanders
Pointed to Apple’s record profits while criticizing recent price increases, arguing that corporate America is passing higher costs on to consumers.
Source: Yahoo Finance, public statements · June 2026

The two politicians disagree on almost everything. But both are pointing to the same trend: corporate profits have become part of the public conversation again.

“You can be a red-blooded capitalist and still worry about the political stability of an economy in which ever more output flows toward shareholders instead of employees.” — Greg Ip, The Wall Street Journal

SPONSOR BREAK presented by MarketWise*

Frontier AI is reordering the stock market in real time.

And too many folks have no idea which stocks to buy and sell before Frontier AI cleaves the market into two separate classes – winners and losers.

Marc Chaikin have spent the last several months working on changing that.

He put together a free hotlist and hitlist to reveal the stocks I think will win big as Frontier AI takes over, and the ones I think get left behind.

Get Marc’s Free Frontier AI Hotlist right here…

The Caveat.

Jamie Dimon’s warning ⚠️
He isn’t sounding the alarm, just asking investors not to get complacent.

Speaking last week at the Council on Foreign Relations, Dimon said he was surprised by how calmly investors have navigated a backdrop that includes wars in Ukraine and the Middle East, ongoing tensions with China, and repeated geopolitical shocks.

Despite all of that, markets have remained remarkably resilient.
Source: Council on Foreign Relations, via Fortune · June 21, 2026

Dimon wasn’t predicting a market crash or telling investors to sell.

His point was simpler: today’s stock market reflects today’s economy, while many of the biggest risks may not show up in corporate earnings until much later.

What’s Keeping The Economy On Solid Footing—For Now

1 AI investment
Around $700 billion is expected to be spent on AI infrastructure this year, and Dimon believes that investment still has room to run.

2 A resilient labor market
Unemployment remains low at 4.3%, with few signs of meaningful deterioration.

3 Steady economic growth
GDP is growing at roughly 2%—not spectacular, but enough to keep the economy moving forward.

4 Consumer support
The One Big Beautiful Bill Act provided a boost to consumers, although some economists believe much of that benefit has already been offset by higher energy costs.
Source: Jamie Dimon, Council on Foreign Relations, via Fortune · June 21, 2026

None of these factors worries Dimon today.

His concern is what happens if they begin to weaken at the same time.

He described the current market as “a little tsunami”—a powerful trend that’s difficult to stop once it’s underway.

He isn’t predicting when that changes.

He’s simply reminding investors that bull markets don’t last forever, even when today’s data looks exceptionally strong.

Lesson Of The Day:

Was this email forwarded to you? Don’t miss out on future stories — subscribe using the button below.

Also, help your friends blossom this spring! Share us with them.

💬 We Want To Hear Your Story:

Got a market or stock you want us to analyze next?

Just drop your request in the comments here.

P.S. – If you no longer want to receive occasional emails from us and you want to unsubscribe, click here 👉 “Unsubscribe” . Thank you!

Swimming In Cash…

If you looked only at corporate profits, you’d think the economy has rarely been healthier.

Corporate America earned $4.42 trillion in annualized profits during the first quarter—the second-highest figure ever recorded.

→ Profit margins are near record highs.

→ Companies are keeping more of every dollar they sell than they have in decades.

By almost every historical measure, business has never been this good.

Yet one of Wall Street’s most influential bankers isn’t celebrating.

Jamie Dimon says he’s worried.

Not about today’s economy. About tomorrow’s.

Here is the story. ⇩

SPONSOR BREAK presented by MarketWise*

World’s Largest Investors Are Moving Their Money (Not Into AI)

While the media distracts you with stories about the next big AI IPO… The world’s largest investors are moving their money into one asset – at the fastest pace in a generation. This asset has crushed the S&P 500’s return over the past 12 months… More than TRIPLED the S&P 500’s return in 2025… and has outperformed the S&P 500 over the past 25 years by more than 1,100 percentage points. According to one Wall Street veteran, with over 40 years of professional investing experience… the biggest gains could be still ahead. That’s why he’s urging you to make one money move now.

This Isn’t New.

S&P 500 companies kept 15 cents of every revenue dollar in Q1 — a record, by some distance.

→ $0.15 Profit per $1 revenue
Highest since FactSet began tracking in 2009. More than double the 1946-2025 average of $0.06.

→ 63.2% Mag 7 earnings growth
Q1 2026. Nearly 4x the rate of the remaining 493 S&P 500 companies.

→ 2 Decades – Margin record streak
Operating and net margins both at their highest in at least 20 years, per Bloomberg.

From 1950 to 2010, corporate profits typically stayed below 10% of GDP.

Now they’re comfortably above 12%.

That’s more than just a strong quarter. It suggests the economics of corporate America have fundamentally changed.

A big reason is AI.

The companies building chips, data centers, cloud infrastructure, and software are generating enormous profits, while years of efficiency programs have kept costs under control.

The result?
→ Record revenues.
→ Record margins.
→ Record earnings.

SPONSOR BREAK presented by Brownstone*

Where should you invest $50 today?

Elon Musk just started backing a hot new startup that’s already growing faster than Tesla… faster than SpaceX…

And it’s even growing 23 times faster than Nvidia.

That’s why The Atlantic called it…

“The fastest-growing business in the history of capitalism.”

Even though this has nothing to do with robots, self-driving cars and rockets, its CEO is projecting growth of up to 8,000% for this year… Enough to turn $1,000 into $80,000.

Click here and Jeff Brown will show you how to claim your pre-IPO stake for as little as $50.
 

The Boom Is Becoming Concentrated:

Barclays recently called this investment cycle a “structural tailwind” for the U.S. economy, arguing that AI infrastructure spending remains one of the strongest reasons to stay invested. At the same time, years of cost-cutting and efficiency programs across Big Tech have helped companies expand margins even further.

A second tailwind may be coming from lower energy costs. Alpine Macro believes easing tensions in the Middle East could reduce fuel prices, giving companies another boost by lowering operating expenses.

The catch? The profit boom isn’t spread evenly.

Goldman Sachs estimates that AI infrastructure beneficiaries could generate roughly half of all S&P 500 earnings growth this year. That’s an impressive engine—but it also means a growing share of corporate America’s profit story depends on a relatively small group of companies continuing to deliver.

Micron’s latest earnings illustrate the point perfectly. The memory-chip maker reported $28.24 billion in quarterly GAAP net income, helping send the stock more than 6% higher.

The AI buildout isn’t just creating excitement—it is already creating extraordinary profits.

SPONSOR BREAK presented by MarketWise*

The Billionaire Who Saved SpaceX Just Made a New Bet

He once rescued SpaceX from bankruptcy. He also helped launch Facebook, Airbnb, YouTube, and Spotify. And now he’s making a new bet – he’s just sold every single share of the Mag 7 companies in his portfolio. And he’s using that money to buy a shocking new kind of company instead. You should mirror his moves. And now you can, for as little as $50 a share.

Click here for details.
 

A Rare Instance of Political Consensus

Record profits are drawing attention from both sides of the aisle

When corporate profits reach historic highs while consumers are still feeling the effects of inflation, political scrutiny tends to follow.

President Trump
Criticized oil companies this week, accusing them of keeping gasoline prices too high despite lower crude oil prices.

Senator Bernie Sanders
Pointed to Apple’s record profits while criticizing recent price increases, arguing that corporate America is passing higher costs on to consumers.
Source: Yahoo Finance, public statements · June 2026

The two politicians disagree on almost everything. But both are pointing to the same trend: corporate profits have become part of the public conversation again.

“You can be a red-blooded capitalist and still worry about the political stability of an economy in which ever more output flows toward shareholders instead of employees.” — Greg Ip, The Wall Street Journal

SPONSOR BREAK presented by MarketWise*

Frontier AI is reordering the stock market in real time.

And too many folks have no idea which stocks to buy and sell before Frontier AI cleaves the market into two separate classes – winners and losers.

Marc Chaikin have spent the last several months working on changing that.

He put together a free hotlist and hitlist to reveal the stocks I think will win big as Frontier AI takes over, and the ones I think get left behind.

Get Marc’s Free Frontier AI Hotlist right here…

The Caveat.

Jamie Dimon’s warning ⚠️
He isn’t sounding the alarm, just asking investors not to get complacent.

Speaking last week at the Council on Foreign Relations, Dimon said he was surprised by how calmly investors have navigated a backdrop that includes wars in Ukraine and the Middle East, ongoing tensions with China, and repeated geopolitical shocks.

Despite all of that, markets have remained remarkably resilient.
Source: Council on Foreign Relations, via Fortune · June 21, 2026

Dimon wasn’t predicting a market crash or telling investors to sell.

His point was simpler: today’s stock market reflects today’s economy, while many of the biggest risks may not show up in corporate earnings until much later.

What’s Keeping The Economy On Solid Footing—For Now

1 AI investment
Around $700 billion is expected to be spent on AI infrastructure this year, and Dimon believes that investment still has room to run.

2 A resilient labor market
Unemployment remains low at 4.3%, with few signs of meaningful deterioration.

3 Steady economic growth
GDP is growing at roughly 2%—not spectacular, but enough to keep the economy moving forward.

4 Consumer support
The One Big Beautiful Bill Act provided a boost to consumers, although some economists believe much of that benefit has already been offset by higher energy costs.
Source: Jamie Dimon, Council on Foreign Relations, via Fortune · June 21, 2026

None of these factors worries Dimon today.

His concern is what happens if they begin to weaken at the same time.

He described the current market as “a little tsunami”—a powerful trend that’s difficult to stop once it’s underway.

He isn’t predicting when that changes.

He’s simply reminding investors that bull markets don’t last forever, even when today’s data looks exceptionally strong.

Lesson Of The Day:

Was this email forwarded to you? Don’t miss out on future stories — subscribe using the button below.

Also, help your friends blossom this spring! Share us with them.

💬 We Want To Hear Your Story:

Got a market or stock you want us to analyze next?

Just drop your request in the comments here.

P.S. – If you no longer want to receive occasional emails from us and you want to unsubscribe, click here 👉 “Unsubscribe” . Thank you!

The Ratio…

There is a number that Warren Buffett himself called “probably the best single measure of where valuations stand at any given moment.”

It carries his name because of one magazine article he co-wrote 25 years ago.

Right now, that the “Buffett Indicator” is sitting at the highest level it has ever recorded.

Here is exactly what it is, how it works, and why it is called what it is called. ⇩

SPONSOR BREAK presented by MarketWise*

“Biggest Breakthrough in the History of Stock Trading”

A Maryland computer whiz recently created a new form of “Predictive AI” that can foresee the future prices of any of 2,334 stocks – to the penny – with 73% historical accuracy. It’s led to a huge anomaly that would’ve turned every $5,000 into over $15,000 in the 16 months following its creation in one study.
Claim your free demo here (no purchase required).

What It Actually Measures

Most market indicators try to predict where stocks are going.

The Buffett Indicator tries to answer a different question:

How expensive has the market become relative to the economy that supports it?

Right now, its answer is simple.

More expensive than ever before.

The indicator currently sits at roughly 235%—its highest reading since the data series begins in 1970.

SPONSOR BREAK presented by MarketWise*

The Billionaire Who Saved SpaceX Just Made a New Bet

He once rescued SpaceX from bankruptcy. He also helped launch Facebook, Airbnb, YouTube, and Spotify. And now he’s making a new bet – he’s just sold every single share of the Mag 7 companies in his portfolio. And he’s using that money to buy a shocking new kind of company instead. You should mirror his moves. And now you can, for as little as $50 a share.

Click here for details.
 

The Formula:

⚠️ The indicator compares the size of the entire stock market to the size of the entire economy.

The Buffett Indicator takes the total value of every publicly traded US company — usually measured using the Wilshire 5000, an index built to capture essentially the whole market — and divides it by the country’s annual GDP.

→ The result, expressed as a percentage (%), tells you how big the stock market is relative to the actual economy that underlies it.

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The Logic.

The logic underneath it is simple.

Company values are supposed to reflect real economic output over time — revenue, profit, productivity, growth.

GDP measures that real output directly.

⚠️ If the stock market’s total value races ahead of GDP growth for a sustained period, it suggests prices have detached from what the economy can actually support, and are being driven instead by speculation, excess liquidity, or pure optimism.

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Why Buffett Gets the Credit

The ratio itself is not something Buffett invented. It became known as the “Buffett Indicator” after a 2001 Fortune magazine article he co-wrote with longtime Fortune writer and Berkshire insider Carol Loomis.

In it, Buffett described the ratio in his own words — cautiously, but clearly enough that the name attached itself to him permanently.

He also immediately acknowledged that the indicator “has certain limitations” and shouldn’t be viewed as a perfect valuation tool.

“The ratio has certain limitations in telling you what you need to know. Still, it is probably the best single measure of where valuations stand at any given moment.“ — Warren Buffett, Fortune magazine, 2001

⚠️ The limitations: 
→ It does not account for the growing share of US companies’ profits earned overseas, which shows up in market value but not in domestic GDP.
→ It does not adjust for interest rate environments — interest rates spent years near historic lows, supporting higher valuations.
→ Technology companies also scale differently than traditional industrial businesses, often creating enormous value without a proportional increase in GDP.
→ Perhaps most importantly, the indicator has spent much of the past five years signaling an expensive market…while stocks continued climbing.

That’s why professional investors rarely rely on it alone.

It works best as a valuation gauge, not a countdown clock.

How To Read The Levels

The Buffett Indicator tells you the market’s temperature—not tomorrow’s weather.

Today’s reading sits more than 30 percentage points above the level Buffett once described as investors “playing with fire.”

That doesn’t mean a market decline is imminent.

It simply means valuations have reached historically rare territory.

The Echo.

The Buffett Indicator isn’t the only measure suggesting valuations are becoming stretched.

Goldman Sachs recently found that trading activity in companies with the highest enterprise-value-to-sales multiples is approaching levels seen only during the dot-com era. In other words, investors aren’t just paying high prices—they’re increasingly gravitating toward the market’s most expensive stocks.

The two indicators measure different things. 
→ The Buffett Indicator compares the value of the entire stock market to the size of the U.S. economy.
→ Goldman looks at investor behavior and where money is flowing.

Neither predicts when the market will turn. But when different indicators begin pointing in the same direction, they’re worth paying attention to.

Lesson Of The Day:

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