I am going to be on the Schwab Network this morning at 9:45AM Est to talk about the Magnificent 7 Stocks.

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Our Next Webinar:

Topic: How to Determine the Best Potential Investment Themes.

When: Oct 24,2024 11:00 AM Pacific Time

Register in advance for this webinar:

https://zoom.us/webinar/register/WN_nicbiSSlTwqTDXqOmfd1cA

Why Things Like Factors, Asset Classes, Styles, and Market Cap Diversification are Stupid.

Why most thematic ETFs suck.

How to use first-order, second-order, and third-order thinking to pick stocks and ETFs with the best potential upside.

One below-the-radar theme that could end up being extremely relevant regardless of who wins the election.

 For Investment Pros Only

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That's bad ass....

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‘As I Was Saying’: Trump Begins Butler Rally With Chart That Saved His Life-Daily Wire

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Really?......

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ESG

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According to Jefferies ESG Weekly....

U.S. ESG-related funds have returned 18% on average this year, compared to 22% for the Standard & Poor's 500 Index and 21% for the Russell 1000 Index.

As you know I am not a fan of anything related to investing that is not solely focused on the investor making money. Make as much as you can and then use some of the excess to express your values. Way more targeted approach to making a difference anyway.

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Big Oil Urges Trump Not to Gut Biden’s Climate Law-WSJ

Many in the fossil-fuel industry opposed the law when it passed in 2022 but have come to love provisions that earmark billions of dollars for low-carbon energy projects they are betting on.

Some executives in the largely pro-Trump oil industry are worried the former president, if re-elected, would side with conservative lawmakers who want to gut the IRA. They fear losing tax credits vital for their investments in renewable fuel, carbon capture and hydrogen, costly technologies requiring U.S. support to survive their early years.

ESG Aims to ‘Push Politics Into Business,’ CEO Says-Daily Signal

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Stakeholder Capitalism/ESG: A Bank CEO Forgets Whom He Works For-National Review

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ING is a large, listed Dutch bank. That means that its purpose is (or ought to be) to deliver return to its shareholders. And yet, it appears that its CEO believes that it is part of the bank’s purpose to fight the fight against climate change. It’s not. That’s a matter that is up to individuals, should they choose to give up this or that, and, if for anyone else, democratically elected governments.

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Anti-ESG backlash in US is overstated, JPMorgan exec says-Reuters

While some companies and investors were saying less about sustainability, they were still moving money in a similar way to peers in Europe, Chuka Umunna, JPMorgan's global head of sustainable solutions, told the Reuters Energy Transition conference in London.

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Do Corporate ESG Pledges Really Benefit Stakeholders?-Columbia Business School

• Signatories of the BRT’s “Statement on the Purpose of a Corporation” showed no evidence that they engaged in stakeholder-centric practices before or after signing the statement.
• In fact, the signatories performed worse than their non-signatory counterparts.
• There are no mechanisms to enforce these pledges, so it falls to consumers to choose to engage with companies that are meeting their commitments.

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Woke Companies

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The Power of the Anti-Woke Right: How Americans Put Radical Companies on the Run-YouTube

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Go Woke Go Broke: Netflix Cancellations Surge After Co-Founder Donates to Kamala Harris-Town Hall

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Another example of why you should be politically neutral....

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Harley-Davidson Stock Is Falling. A Former Bull Left the Pack.-Barron's

Kennison checked in with dealers to see how the quarter was going. “Dealers reported weak retail, excess inventory, and caustic sentiment,” he wrote. None of that is good and “suggest[s] risk to guidance.”

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Disney Shares Downgraded as Theme Parks Face More Trouble, Woke Streaming Series Flop-Breitbart

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‘Go Woke Go Broke’ Crowd is Having a Field Day after Suicide Squad Season 3 Debuts With 3X Less Player Count Than Concord’s All Time High-IMDB

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Toyota Latest Company to Ditch 'Woke' Policy-Newsmax

Toyota has joined the growing list of companies that are abandoning what conservatives call "woke" policies, saying it will "narrow our community activities to align with STEM education and workforce readiness." Notification of the change of policy was delivered in a memo sent to its 50,000 employees and 1,500 dealerships.

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Wokest Wash Around: Here’s How Dove Has Pushed Woke Nonsense-Daily Wire

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DEI

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Woke

In their rush to save the world, woke celebrities actually cause more problems than they solve-NY Post

“There are social movements that are happening at the local level all around the country to pass different kinds of legislation to address problems in concrete, successful and useful ways,” Al-Gharbi told The Post. “But the problem is a lot of times they become nationalized into a popular cause of elites — and then they stop being successful.”

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Politics

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Illegal Immigrant Population More Than Quintupled In Swing States Since Last Election-Daily Wire

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Crime/Self Defense

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Voters Show They’re Fed Up With Crime In Poll On Blue State Proposition-Daily Caller

California voters overwhelmingly support Proposition 36, a measure that would toughen penalties for certain drug and theft crimes, according to a poll released Friday by the Institute of Governmental Studies (IGS).

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Supreme Court to Hear Smith & Wesson’s Bid to End Mexico’s $10 Billion Lawsuit-Breitbart

SWBI is a little over 5% holding in GUNZ.

Chart doesn't look great here but would assume if they end this lawsuit it would change the situation dramatically....

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Everything Else

Elon Musk Says Feds Are Preventing Delivery Of Supplies In NC, Talks To Pete Buttigieg-Daily Wire

“SpaceX engineers are trying to deliver Starlink terminals & supplies to devastated areas in North Carolina right now and @FEMA is both failing to help AND won’t let others help. This is unconscionable!! They just took this video a few hours ago, where you can see the level of devastation: roads, houses, electricity, water supply and ground Internet connections completely destroyed. @FEMA wouldn’t let them land to deliver critical supplies … my blood is boiling,” Musk wrote on X.

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DHS Chief Alejandro Mayorkas Says FEMA Out of Money; It Spent Wildly on Migrants-Breitbart

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FEMA whistleblower details 'waste' of taxpayer funds and staff waiting in hotels during Hurricane Helene-Daily Mail

A letter from a whistleblower to Rep. Matt Gaetz, R-Fla. details how the department has wasted and misappropriated funds in the wake of Helene and is now 'exacerbating the emergency.'

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