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What to buy right now if you’re nervous

Dec 09, 2022

Good morning!

The wholesale inflation report is “hotter than expected.”

Naturally.

Anybody who is surprised really ought to rethink what’s happening.

We’ve been talking about this for months, including the specific reasons why “hotter” inflation will continue for the foreseeable future.

Do not waste the opportunity!

Speaking of which…

Here’s my playbook.

Gee, where have we heard that before…

UBS is out with a report saying that high-quality stocks outperform in recessions. (Read)

Talk about being in command of the obvious! Sigh.

Still, it’s nice to have company.

We—you and I—have been talking about this for more than a year and, as part of that, specific stocks that would “hold up” because of their defensive nature.

I hope you’ve paid attention and are following along. One of my faves is up 46.89% over the past 12 months while the S&P 500 has fallen -15.32%. It’s still an excellent buy, IMHO, BTW. Upgrade to Paid

TSMC bucks slump because of orders from Apple

Legions of earnest-looking analysts and swarms of click-bait artists have been busy telling you all about Apple’s supply chain problems. Then, in the same breath, telling you the chip sector is dead as a result.

Uh-huh.

Taiwan Semiconductor Manufacturing Co. (TSMC) just reported a 50% jump in revenues, thanks largely to Apple iPhone orders. (Read)

You know what to do. And in the event you don’t, I’d love to help—as would the entire One Bar Ahead Family® which, by the way, is filled with super-smart, fun, and savvy investors from around the world.

1.5 billion accounts get the bird

Elon Musk has announced he’s deleting 1.5 billion Twitter accounts. He’s also going to introduce new features, including a “count” that will show views so that users can gauge how many people are reading or interacting with their tweets. (Read)

What I would give to get my hands on Twitter shares right now. Meanwhile, I hope I’m smart enough to buy more Tesla.

Random Thought Bubble: I’d love to be a fly on the wall when a few of the more aggressive motormouths figure out they’re busy spreading their vitriol in a vacuum chamber. Who knows… perhaps manners might even return! 📣😊

Last chance to buy oil?

Wake up people!

Chinese President Xi Jinping is on a three-day tour of Saudi Arabia, which, not surprisingly, is keen to strengthen ties at a time when the US-Saudi relations pretty much stink. (Read)

Expect new bilateral contracts and exclusive supply agreements that will leave the US out in the cold, both literally and figuratively. This will also be a key opening for China’s new clearing and digital currency, which I fully expect to be part of future deals.

If you don’t own some exploration companies, you’d better get busy. I’ve recommended what I think is the “best in class” in One Bar Ahead® and, as you might imagine given the geopolitical background, that’s behaving as expected so far. It’s still a solid buy, IMHO. Upgrade to paid

Keith's "Rule of the Back Page" applies: MSFT/Activision

The FTC is suing to block the MSFT/Activision purchase on grounds that Microsoft would use the purchase to harm other fast-growing gaming markets, as it did in 2021 after acquiring Bethesda Softworks. That’s debatable, but government boffins feel that way, so MSFT has no choice but to deal with it. (Read)

Keith’s Rule of the Back Page applies. The real issue isn’t the acquisition at all. What the FTC is really hoping to do here is rewrite anti-trust law. To a point I’ve made many times, FTC regs are hopelessly behind the proverbial 8-ball. Big Tech will find a way forward anyway, so it’s yet another reason to focus on visionary CEOs intent on charging forward, not government regulators hoping to hold ‘em back.