Stansberry Investor Hour

In this week's Stansberry Investor Hour, Dan welcomes Stansberry Research's Director of Research Matt Weinschenk back to the show in a special crossover episode with Top Stocks. In this collaborative episode, the two discuss diesel, and Matt shakes things up by asking Dan most of the questions. Matt and Dan kick things off by discussing the current state of diesel. The reserve diesel supply is now low enough that it's being measured in days instead of the usual months. The most recent report says that America only has 20 days' worth in reserve. This doesn't bode well for AI data centers since they cannot afford to have long downtimes, and at least 90% of their backup generators run on diesel. Another issue is that the fuel has a limited shelf life. If it's being stored, it can only last for so long, and if it's sitting in a generator, it has to be used or switched out so the generator isn't filled with gunk. And Dan says that even if global issues suddenly got better, diesel's current predicament wouldn't be resolved for a while. (0:00) Next, the two explain how difficult it is to get a permit to build a new diesel refinery in the U.S., along with the pressure of building one near residential areas. Diesel costs around $100 per barrel and between $5.45 and $5.50 per gallon on average. Folks will adopt a "not in my backyard" mentality even if the price of diesel is higher. And even if the stakes are high enough, Matt says that no one is going to step up and compete with established oil and gas companies to build a new refinery. (10:46) Finally, Matt and Dan detail all the industries and segments that rely on diesel. And with data centers having high demand, in the event of a power outage, they'll pay to have top priority for the available supply. But despite the worry around the potential diesel shortages, there are ways that you can profit from it. Dan shares the names of several companies that he believes will continue to perform well and return value to shareholders. These are companies that he has recommended to his subscribers in the past during "buy the dip" scenarios, and he still recommends them. And Dan teases a new group of "Magnificent Seven" stocks that will serve the "hard asset" needs of AI. (20:16)

In this week's Stansberry Investor Hour, Dan welcomes Dave Lashmet back to the show. Dave is the editor of Stansberry Venture Technology, an advisory that takes a "venture capitalist" look at the market. Dave scours the market looking for little-known small-cap companies that are potentially producing the next wonder drug or technology. Dave kicks things off by discussing the SpaceX IPO. He calls the company a "Tower of Babel," saying the best use case for Starlink is to replace cell phone towers. However, Starlink's satellites can only provide service for up to 1,000 people. In rural areas, this is fine, but larger cities and the surrounding areas would have higher demand. Additionally, Dave says that there's a 10-year gap between Earth-based and space-based communications. Unlike cell phone towers, satellites have to go through additional processes to ensure that they will function properly while they're in orbit. But in the midst of the IPO, Dave says that Alphabet subsidiary Google will be a major winner. (0:00) Next, Dave shares how the SpaceX IPO will result in many folks investing in 401(k)s to be holding shares of the company unintentionally and how that happens. And they'll have an unreasonable percentage of their portfolio owning a stock that isn't gushing cash. Dave then talks about how cameras will be the future of space. Sony's research and development division created a "four-color camera" that operates on the red, green, blue, and shortwave infrared spectrums. Infrared doesn't currently work in any functional capacity for everyday users, but for the companies that build telescopes, the next breakthrough was evident. And this technology can help with "seeing" better than other cameras. (19:52) Finally, Dave breaks down "near space," the region of the atmosphere between the stratosphere and space. It's tricky to station anything there due to the high amount of air resistance and insufficient amount of air that could support the lift needed for wings, so there's little interest in going there. But one company Dave is looking at is developing the "basking shark" capable of enduring in near space. And if the U.S. government wants its "golden dome," it needs to go to this company. And Dave marvels at how space is able to improve many things on Earth that wouldn't be possible otherwise. (39:45)

In this week's Stansberry Investor Hour, Dan welcomes Bryan Beach back to the show. Bryan is the editor of Stansberry Venture Value and a senior analyst on Stansberry's Investment Advisory. Bryan kicks things off by discussing the idea of passive investing and how it has changed the way the market is valuated. He says that folks are relentlessly buying the biggest stocks every time they invest in their retirement funds, and they don't even know it. This "irrational indifference" could result in such a high level of volatility that it leads to mass liquidation of stocks. Bryan then talks about Software as a Service ("SaaS") and why artificial intelligence ("AI") isn't going to kill the companies that focus on it. (0:00) Next, Bryan does a deep dive into Salesforce (CRM) and its business model. Investors thought that AI was going to undermine the company and similar businesses because it offers better efficiency and can be cheaper. However, its software is so embedded in its customers' operations that they don't want to leave it, even if they aren't in love with it. Bryan says that "sticky" companies with models like that are ones you want to look at. (20:14) Finally, Bryan shares the market sectors he's most interested in right now. He says investors should keep an eye on the conflict in the Middle East. This has created multiple energy investment opportunities in North America, especially in Canada. But in general, it pays to frequently brush up on what's going on in the world to see what new opportunities could arise. And contrary to what you might think, investing isn't an "either/or" matter. If you're focused on long-term investing, you can take advantage of volatility and make options trades. (33:37)

In this week's Stansberry Investor Hour, Dan welcomes George Noble to the show. George is the managing partner of Noble Capital Advisors. He's also the author of The Noble Update on Substack, which has more than 13,000 subscribers. George kicks things off by expressing his skepticism about Tesla. He says that despite the company branching out into different areas, the majority of its revenue comes from car sales and should therefore be treated as a car company. He also believes that investors are improperly valuating the stock, ignoring the fundamentals in favor of "charts" and "the narrative." And his sentiment extends further out into SpaceX. Due to the Nasdaq Composite Index altering the rules for listing stocks, George thinks that the company's upcoming IPO is not going as well as people might think if it couldn't meet the previous requirements for entry. (0:00) Next, George discusses semiconductor capital expenditures. He says that folks are too caught up in the current boom and aren't looking at whether a company has a price to earnings that warrants buying a company's stock. Then he shifts the conversation briefly to bonds, saying that the market is so focused on energy due to tension surrounding the Strait of Hormuz that it hasn't noticed that bond rates have gone up, which normally go down during war. And his concern with that is what happens when we face a deflation bust. Additionally, investors aren't even aware of how hyperscalers have been hurting their portfolios, thinking that they hold a diversified collection of stocks. (13:26) Finally, George shares how U.S. bonds are losing their worth due to the weakening dollar and warns that folks should "run, not walk" from their bonds. While bond coupons are enticing, the value of the money you receive is not worth it in the long term. George believes that the value of the dollar is currently pegged to U.S. expenses and payments, and just like when it was removed from the gold standard, he says that we need to cut it loose to end the continuing downward spiral. And he leaves listeners with a word of encouragement – and caution for newer investors. (27:41)

In this week's Stansberry Investor Hour, Dan welcomes Pete Carmasino back to the show. Pete is the chief market strategist at our corporate affiliate Chaikin Analytics. He's also editor of the Chaikin PowerTactics and Chaikin Power Portfolio newsletters. Pete kicks things off by discussing the current trends he's seeing. He says that you can't focus on just one area because there are many moving parts that shape the market, including other investors. The goal, he states, is to react to the movements, not predict where things are headed. Predictions can be wrong, and folks who don't react wind up missing out on new opportunities. Pete then shares his investing process. He understands that sectors rotate, and when he sees a shift from one sector to another, he follows the signal on where to start moving money. He also looks at fundamentals and technicals to determine whether the stocks he's looking at are good buys at the moment. And he shares his thoughts on the Strait of Hormuz tension and how things might play out. (0:00) Next, Pete shares his thoughts on the energy crisis. He says the root cause is less of a supply issue and more of a distribution problem. He believes that properly equipping refineries will encourage miners to produce more oil. According to him, if the supply can increase while conflict tensions decrease, we can have an equilibrium where consumers are comfortable with gas prices and miners are content to continue drilling. Then, he talks about the producers that he finds most promising in several different sectors. (17:05) Finally, Pete explains how his portfolio works. Using a "top-down analysis," he looks at themes throughout the year to find the best names in the strongest market sectors. He then shifts to the market corrections we've seen since the sell-off from last year's "Liberation Day." But he notes that the big names in the Magnificent Seven didn't recover with the rest of the broader market last November. And that implies that the baton could be getting passed from tech to energy. So he adjusted his portfolio to prepare for a sector rotation. He then wraps things up by stressing the importance of handling risk management in your portfolio. (35:48)

In this week's Stansberry Investor Hour, Dan welcomes Alex Morris back to the show. Alex is the founder of TSOH (The Science of Hitting) Investment Research and an author. TSOH, which boasts more than 24,000 subscribers, aims to generate attractive long-term returns while providing complete transparency on the research process, portfolio decision-making, and returns. Alex kicks things off by reflecting on the potential changes in Berkshire Hathaway due to the passing of Charlie Munger and Warren Buffett's retirement. He believes the company is in a good position to continue the momentum that was built up when Buffett was at the helm and acknowledges that the issues the company currently faces were present during Buffett's final days. Alex then begins sharing the names of companies that have fallen but he believes will be able to improve their positions. Though he's wary about picking beaten stocks that might be going nowhere. (0:00) Next, Alex gives his outlook on the next set of stocks he's considering. The first was impacted by the COVID-19 pandemic. But Alex believes that it's taking the right steps to combat inflation without causing its customers to turn away. The second stock is in a niche field. It's currently facing headwinds from a stagnant housing market, but Alex is confident that once conditions improve, the company is set to boom. The third is building up its business by providing higher-quality, premium beverages compared with the competition, which can produce loyal customers who won't want to settle for anything else. And the fourth also provides premium products, only directed at the egg industry. (24:54) Finally, Alex discusses his final stock pick. This is a company that has faced controversy surrounding user safety, but Alex says the company has improved and continues to improve its safety protocols and is righting the ship. In the long run, he sees the company being comparable with YouTube due to the way its creators make experiences that can't be rivaled by any similar platform. And he concludes by stressing the importance of creating goals in your life. (44:13)

In this week's Stansberry Investor Hour, Dan welcomes Michelle Leder back to the show. Michelle is the creator of footnoted.com, an information service dedicated to finding opportunities and early warning signals buried in U.S. Securities and Exchange Commission ("SEC") filings. Michelle kicks things off by explaining what company proxy statements are and why they matter for investors. She says the summary compensation table and footnotes found in these documents let you know not only how much management is being paid but also what motivates their actions. Michelle emphasizes that as an investor, you need to know whether the company has your best interests in mind. She also says to look at director pay, as some officers sit on the boards of multiple companies and may not be likely to "rock the boat" and push for change. Another key component to examine is the related-party transactions that show you any disclosures in company spending. (0:00) Next, Michelle says that observing who the owners and top investors are is critical. You should also know how many shares investors have. She says knowing this will let you know if they "have any skin in the game" and will work to ensure that shareholders are being considered. Another aspect to look at is shareholder proposals. Michelle states that there's an argument to be made that proposals should come from shareholders with substantial positions rather than those with smaller stakes. And she gives her thoughts on AI utilization in SEC filings. (19:17) Finally, Michelle shares one stock that she warned her subscribers about before it fell dramatically over the past year. While some had believed that the stock would perform well, Michelle says the SEC filings were the key indicator to stay away from the company. She also addresses other small details that she looks for to evaluate a company's health and her strategy for short-term signals. (40:25)

In this week's Stansberry Investor Hour, Dan welcomes Cullen Roche back to the show. Cullen is the founder of portfolio-management firm Discipline Funds. He is also the author of several books, his most recent one titled Your Perfect Portfolio. Cullen kicks things off with his thoughts on market uncertainty due to the Middle East conflict. He believes that volatile oil prices (and other commodities) will have an impact on the market. Additionally, he says that the U.S.'s attacks could prompt an escalating confrontation with China – where the latter decides to invade Taiwan and seize control of Taiwan Semiconductor Manufacturing (TSM), the world's largest semiconductor producer. And he expresses his desire to see a freer market unhindered by tariffs. (0:00) Next, Cullen delves deep into AI and how it relates to his investing strategies. He states the risk that the technology poses with many companies and sectors pouring money into it. However, he doesn't see that outcome playing out. He then shares how AI has been beneficial for him and says that utilizing it in creative ways can help differentiate your business from the competition. And he gives his outlook on robotics and how that will impact jobs in the future. (20:33) Finally, Cullen details his exchange-traded funds ("ETFs") and what their purposes are. He also shares the time horizons for the ETFs so investors can know how to plan their strategies over those periods. But Cullen does allow flexibility with his funds to ensure that they can evolve and shift to match the changes in the markets and decrease risk. And he compares the pros and cons of using equal-weighted indexes versus market-cap-weighted indexes. (40:00)

In this week's Stansberry Investor Hour, Dan welcomes Steve Burns to the show. Steve is the founder of New Trader U, a blog with thousands of articles plus online courses. Steve kicks things off by explaining how trading is math, detailing how its different components are formulaic. He says that understanding the "math" of expectancy for your returns can help you with managing your discipline, and knowing the risk-to-reward ratio for any trade is the first important step that every investor needs to take before they enter a trade. Steve notes that despite what many folks might believe, being right 50% of the time is pretty good. But even performing that well requires understanding the risks that your trades have. (0:00) Next, Steve reflects on his early trading days, comparing his methodology and results then with his current strategies. Then he details one metric that determines profitability. It's the most important thing you need to be mindful of that will impact the profits your trades bring in, regardless of factors like win rates. And Steve analyzes the cons with modern trading that ease of entry has provided. Most individual investors don't realize these risks exist and stand poised to lose big. (14:37) Finally, Steve discusses how to create an edge in trading as an individual investor despite the overwhelming odds. He then explains "positive expectancy," a mathematical formula that shows your average losses versus your average wins. Knowing this can help you more properly filter out volatility, which traders should keep in mind when establishing their position sizes and stop losses. And Steve shares the green lights he looks for when entering a trade. (30:53)

In this week's Stansberry Investor Hour, Dan and John Engel welcome Dave Lashmet to the show. Dave is the editor of Stansberry Venture Technology, an advisory that takes a "venture capitalist" look at the market. Dave scours the market looking for little-known small-cap companies that are potentially producing the next wonder drug or technology. Dave kicks things off by discussing the first of three biopharmaceutical companies he's sharing that have monopolies in weight-loss drugs. He starts by showing how drugs gain their monopolies via patents, giving them "economic exclusivity." While companies might be targeting the same patients, the patents influence how they're being treated. The first company gains an edge by not only targeting folks suffering from obesity, but also by treating those with Type 2 diabetes. Dave also explains the contrast in mentality between the U.S. and other countries regarding obesity being preventable. And he provides info showing how obesity is a "slippery slope" and shares that a study found that participants who got off the drug gained back the weight they lost before. (0:00) Next, Dave sums up how the first company has cleared all of the risks and expenses from clinical trials, while a close competitor still has to get past its trials due to unknown side effects. When asked about why folks would stay on a weight-loss pill for life, Dave points to how our culture has drastically changed over the years, from actively working on farms to passively working in cubicles. These drugs help balance out the resulting shift. Dave then transitions into the next company that has a drug that focuses on fatty liver disease. He explains how this distinction helps the company gain its monopoly due to how irreplaceable livers are. And similar to the first company, this drug will have lifelong consumers. And the good news for investors is that its only competitor causes weight gain. (21:49) Finally, Dave presents the final company that tackles weight loss by focusing on genetics. Unlike the first two companies, this one treats patients with an injectable drug rather than a pill. However, it zeroes in on our natural "hunger switch," suppressing the users' appetites. Right now, the company is only waiting to get past trials, which puts it at a disadvantage compared with the other two. But Dave still believes that because of how it works, it's still set to stand beside the two pills. (39:44)

In this week's Stansberry Investor Hour, Dan and Corey welcome Josh Young to the show. Josh is the founder of Bison Interests and writer of the Bison Insights newsletter on Substack. Josh specializes in focusing on the best opportunities in the oil and gas industry. Josh kicks things off by presenting his evaluations on the current landscape for energy stocks. He sees increasing geopolitical risk in the larger oil and gas companies. He also says that many of them have lost a lot of value as well. He then discusses the two biggest global risks in the oil and gas sector that he cautions investors to stay away from. Despite these challenges, Josh says that smaller oil and gas producers are where he sees the best opportunity in the sector. (0:00) Next, Josh shares why he chose oil and gas as his primary investment focus. He also reflects on the risks and mistakes that led him to the successes that he has today. Josh follows that up by addressing how technological advancements have contributed to the decrease in the oil-rig count. However, despite this appearing to be a negative scenario, Josh says that tailwinds are emerging from production going down. And he believes that oil production is going to be a critical topic during the 2028 presidential election, if not sooner. (17:22) Finally, Josh goes into depth on a company that he's fond of. He also gives his thoughts on the future of oil and where he thinks certain subsectors could grow, especially with regard to demand. But he stresses that he's not a universal commodity bull and says there's one commodity that he's less optimistic about. However, investors should still be careful overall about where they put their money. (42:17)

In this week's Stansberry Investor Hour, Dan welcomes Brad Thomas back to the show. Brad is an editor at our corporate affiliate Wide Moat Research. Brad kicks things off by stating why he thinks now is a great time to invest in real estate investment trusts ("REITs"). He shares a chart of different asset classes going back to 2010 to show how many times REITs were a leading sector. He then discusses the Federal Reserve, interest rates, and why he isn't worried about their impact on REITs in the long term. Additionally, he talks about how the growing "silver tsunami" is going to create a surge in REITs. (0:00) Next, Brad details one company primed to meet the silver tsunami demand. It owns its own buildings and rents off the land while possessing a strong balance sheet. Brad then shares his thoughts on data-center REITs and his previous recommendations in that subsector. He also says that more REITs outside of data centers are increasing their investing in AI. But with energy bottlenecks and other factors, the one concern that investors could have is vacant data centers. (15:44) Finally, Brad mentions a sector that's boring yet is stable and provides predictable dividends. He provides an example with one company that had a slowdown due to COVID-19 but is starting to come back from the rough times. And he emphasizes Wide Moat Research's goal of meeting with management teams to see what they do for investors. (35:49)

In this week's Stansberry Investor Hour, Dan and Corey welcome Pieter Slegers back to the show. Pieter is the founder of Compounding Quality, an investment newsletter that boasts more than 507,000 subscribers. Pieter kicks things off by discussing how AI and market momentum are doing well. However, he says that "classical" companies are currently struggling. He then talks about the need to have a tangible long-term goal in investing and shares his own investing goal and what it would do for his portfolio. And he explains the benefits of removing yourself from your normal environment to gain perspective and how to use that mindset for investing. (0:00) Next, Pieter shares how he views AI and its impact on the companies that he analyzes. He also adds how he personally uses AI in stock research. Pieter stresses the importance of doing your own reading, both in investing and in your personal life. He says that this not only ensures that you don't miss any details in financial reports but also helps you find new investment ideas in unexpected places. (20:33) Finally, Pieter details one company that he's excited about over the next 10 years. He found multiple reasons to love it, but after some skepticism, he drove to Germany to meet the CEO. The discussion solidified his optimism for the company. Pieter expressed how talking with the CEOs of smaller companies can provide some information that most people don't have. (39:43)