These Are the Sectors You Should Buy Today

Stansberry Investor Hour

Stansberry Research

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4.4 • 677 Ratings

🗓️ 21 October 2024

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week's Stansberry Investor Hour, Dan and Corey welcome Marc Chaikin back to the show. Marc is a Wall Street veteran with 50-plus years of total market experience. He's also the founder and CEO of our corporate affiliate, Chaikin Analytics. He joins the show to share some of his vast wisdom with listeners, from the hottest sectors around to why you shouldn't get spooked by all the volatility.

Marc kicks off the show by making his bullish case for the markets. However, he notes that this rising tide has not lifted all boats equally... He lists off several sectors that are particularly attractive to him today, plus a few he's staying away from. Marc also talks a bit about JPMorgan Chase CEO Jamie Dimon's prediction for a financial hurricane, the outlook for energy stocks, what's going on in China to make stocks so volatile, how the Federal Reserve has been doing, and the U.S.'s shift from a manufacturing economy to a service economy. (0:39)

Next, Marc emphasizes that the key to profiting as an investor is to avoid making broad economic predictions. He says that different sets of data can give you conflicting signals, so it's not worth your time trying to guess the unknowable future. Instead, you should pay attention only to momentum and earnings. Marc then criticizes financial reporting by the mainstream media, advises listeners to take advantage of current volatility rather than run from it, and highlights the bullish setups in nuclear and software stocks thanks to AI. (18:56)

Finally, Marc urges investors to not get bearish while the S&P 500 Index is having its best year since 1997. He points out that, as the dot-com mania showed us, the bull run can continue for several more years. As long as profit margins continue to rise, you want to be invested. He also explains how he uses his Power Gauge system to avoid doomed stocks. This leads to a conversation about Marc's new upcoming newsletter that will focus on what the "smart money" is buying and allow him to spot "pockets of strength." Plus, Marc weighs in on mining stocks. (38:38)

Transcript

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0:00.0	Hello and welcome to the Stansbury Investor Hour. I'm Dan Ferris. I'm the editor of Extreme Value and the Ferris Report, both published by Stansberry Research.
0:09.8	And I'm Corey McLaughlin, editor of the Stansberry Daily Digest. Today we talk with Chakin Analytics founder Mark Chakin.
0:16.8	Mark is a good friend and colleague of ours and someone that we have decided you just need to hear from on a regular basis, and that's all there is to it.
0:27.8	So without any further ado, let's get to doing that right now.
0:32.5	Let's talk with our good friend and colleague, Mark Chacon. Let's do it right now.
0:40.0	Mark, welcome back to the show. Always a pleasure.
0:43.6	Dan, it's great to be with you.
0:45.3	So, you know, every, you've been checking in with us on the regular past couple of years.
0:52.0	And, of course, we do, we should, we should also talk about our upcoming conference,
0:58.0	where you and I are going to speak at the Stansbury Conference in Las Vegas.
1:05.3	I feel like at this point, I should just be able to say, what's on your mind? Because we've covered, we've covered almost
1:16.6	every time you've been on the show, like what you do and how the power gauge is built and all that.
1:22.2	And I feel like if anybody wants to learn about that, they should probably, you know, just
1:26.1	maybe look at one of those
1:28.5	previous episodes that they can find at Investorhour.com. But right now especially, because I know
1:35.7	I have thoughts about the current moment, I think it's fraught with risk in some ways. But, you know,
1:43.4	I really, just for personal selfish reasons, like, I want to know
1:48.3	what Mark Chakin is thinking. You're too kind, and I'm still bullish. You know, we've been
1:55.7	bullish on pretty much every time we've been on the show since January 17th of 2023.
2:02.0	And the market just reached a really important milestone,
2:06.9	the two-year birthday of the bull market on October 12th last Saturday.
2:13.7	And there's ample evidence that bull markets just keep going at that point.
	...

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