May was the best month for the S&P 500 and Nasdaq Composite since November 2023, with the indexes rising 6.2% and 9.6%, respectively.
Investors entered the month cautiously optimistic. Employment data at the beginning of the month suggested the economy remained on solid footing. Meanwhile, White House officials were signaling a desire to ease tensions with China, whose imports at the time were subject to a minimum 145% tariff.
Tesla (TSLA) stock advanced nearly 23% as CEO Elon Musk distanced himself from the Trump administration and reassured Wall Street he’s committed to leading the electric vehicle maker through a tumultuous time. Tesla is expected to take a major step toward refashioning itself as an AI company when it launches its robotaxi service in Austin, Texas, in June.
Healthcare Faces Headwinds
May was a difficult month for the health sector. Shares of UnitedHealth Group (UNH) lost about a quarter of their value as the healthcare conglomerate withdrew its full-year guidance, announced the departure of its CEO, and reportedly came under Justice Department investigation for Medicare fraud. UnitedHealth was the worst-performing stock in the S&P 500. It also weighed on the Dow Jones Industrial Average, which rose a relatively modest 3.9% over the month, which wasn’t even its best monthly performance of 2025.
Eli Lilly (LLY) was the second-worst performer, falling about 18% during the month. Lilly is in a race with Denmark’s Novo Nordisk (NVO) to dominate the GLP-1 market, but the weight-loss drugs’ high prices have drawn scrutiny.
A May 12 executive order targeting drug prices, while less severe than expected, was an additional headwind for pharmaceutical stocks this month.
U.S. Steel shares will be in the spotlight to start the week after President Donald Trump on Friday said he plans to double steel and aluminum tariffs to 50%.
The stock staged a decisive breakout above a symmetrical triangle last month, with strong follow-through buying driving the relative strength index into overbought territory.
A measured move price target, which calculates the distance of the trend in points that preceded the symmetrical triangle and adds that amount to the pattern’s breakout area, forecasts an upside target of $59.75.
Investors should monitor key support levels on U.S. Steel’s chart around $46, $43 and $36.
Addressing a rally at the one of the steel producer’s processing plants in Pennsylvania, the president said the move would help protect American steelworkers and “further secure the steel industry.” Proponents of steel tariffs argue they boost the domestic steel sector and reduce reliance on foreign-made steel, while critics say they raise costs of local manufacturers and reduce innovation within the industry.
Friday’s announcement came after Trump recently gave the green light to a “partnership” between U.S. Steel and Nippon Steel. A $14.1 billion merger between the two steelmakers was originally blocked by the Biden administration in early January due to national security concerns.
U.S. Steel shares have gained 33% over the past two weeks and trade nearly 60% higher since the start of the year as of Friday’s close.
Below, we break down the technicals on U.S. Steel’s chart and identify key price levels that investors will likely be watching.
Symmetrical Triangle Breakout
Shortly after the 50-day moving average (MA) crossed above the 200-day MA to form a bullish golden cross on the chart in late March, U.S. Steel shares consolidated within a symmetrical triangle, indicating a pause in the stock’s uptrend that began in late December.
More recently, the price staged a decisive breakout last month, with strong follow-through buying driving the relative strength index into overbought territory. It’s also worth pointing out the rally has occurred on above-average trading volume, signaling conviction behind the jump.
Let’s apply technical analysis to identify an upside price target amid the potential for further buying and also locate support levels worth monitoring during future retracements.
Measured Move Price Target
To forecast a price target, investors can use the measured move technique, also know by chart watchers as the measuring principle.
When applying the analysis to U.S. Steel’s chart, we calculate the distance of the trend in points that preceded the symmetrical triangle and add that amount to the pattern’s breakout area. For instance, we add $16 to $43.75, which projects an upside target of $59.75, around 11% above Friday’s closing price.
Key Support Levels Worth Monitoring
The first lower level to monitor sits around $46. Retracements to this key area would likely encounter support near the top of the symmetrical triangle, which also closely aligns with a trough that formed on the chart in February last year.
A close below this level could see the shares test support near $43. This location may attract buying interest around the upward sloping 50-day MA and a series of peaks on the chart stretching back to April last year.
Finally, a more significant drop in U.S. Steel shares could bring the $36 level into play. Investors may look to accumulate shares in this region near a horizontal line that connects multiple troughs that developed on the chart between December 2023 and March this year.
The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our warranty and liability disclaimer for more info.
As of the date this article was written, the author does not own any of the above securities.
Tesla shares slid Friday, but posted gains for the week and second straight month.
CEO Elon Musk has said he is leaving his work with the Trump administration and will refocus on his companies.
Analysts are looking to next month’s planned launch of paid fully autonomous rides in Austin, Texas, as an upcoming catalyst for the stock.
Tesla (TSLA) shares slid about 3% Friday, but posted gains for the week and second straight month as CEO Elon Musk steps back from his role leading the cost-cutting Department of Government Efficiency.
The electric vehicle maker’s stock has trended higher over the last month since Musk said in Tesla’s latest earnings call that he would scale back his government work and refocus on his companies starting this month. Musk has done a number of interviews in the weeks since, leading one bullish analyst to say the CEO looks like a “different Musk” compared to the one seen in the last few months.
On social media earlier this week, Musk thanked President Donald Trump as his period of being able to work as a “special government employee” for 130 days came to an end. In a press conference Friday, Trump said he expects Musk could be “back and forth” to continue his DOGE work.
A key point of focus is next month’s planned launch of Tesla offering paid rides in a small number of its vehicles in Austin, Texas, operating fully autonomously. Musk has said the plan is to start with 10 or so vehicles, and quickly expand to a larger number and more cities if the program is going well.
Tesla’s stock has lost about 14% since the start of the year.
This article has been updated since it was first published to include additional information and reflect more recent share price values.
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Asia FX mostly lower on US-China worries
The Australian dollar and most regional FX markets were weaker on Friday after US President Donald Trump said China has “totally violated” last month’s tariff-pause agreement.
Posting on Truth Social, Trump’s commentary sparked fears of another round of escalation in US-China trade negotiations. A follow-up statement from the Trump administration said the talks were now “a bit stalled”.
That said, the reaction in FX markets was mostly moderate.
The AUD/USD was down 0.2% while NZD/USD fell less than 0.1%.
The USD/SGD gained 0.3% while USD/CNH gained 0.2%.
Friday’s action brings to a close a momentous month in financial markets although FX markets were more muted.
The Aussie’s 2.8% trading range in May was the tightest trading range since June 2024.
Trump’s team develops a backup plan to apply tariffs
According to the Wall Street Journal, which cited unnamed sources, the US administration is contemplating a temporary attempt to impose tariffs under a never-before-used provision of the Trade Act of 1974 that includes language permitting tariffs of up to 15% for 150 days in order to address trade imbalances with other nations.
Then, under a separate section of the same bill, President Donald Trump would have more time to create customized tariffs for each of his main trading partners.
Although the second step necessitates a protracted notification and discussion procedure, administration officials believe it is more legally sound than the tariff policy that was declared unlawful this week.
Trump’s initial tariffs on China were one of the numerous instances in which the alternate provision was employed.
Looking forward, we’d be prepared for more FX volatility in the coming months.
For USD/SGD, the next key resistance lies with 21-day EMA of 1.2953, and 50-day EMA of 1.3082 next.
A week focused on growth and inflation metrics
The upcoming week features a relatively heavy economic calendar, with inflation and growth metrics taking centre stage. Highlights include Eurozone preliminary CPI data on Tuesday night, Australia’s Q1 GDP on Wednesday morning, and Canadian and US labor market data on Friday.
These events will provide critical insights into economic conditions and central bank policy direction.
Eurozone inflation data will dominate the early part of the week, with preliminary May CPI figures released on Tuesday night. These will help shape market expectations for the ECB’s policy decision on Thursday night. Inflation trends globally remain a key concern for policymakers and markets alike.
Midweek, all eyes will turn to Australia’s Q1 GDP figures, along with Germany’s factory orders and Eurozone growth metrics. These releases will give a clearer picture of the global growth trajectory. Thursday brings Australia’s trade balance data, while US Nonfarm Payrolls and Canada’s labor market report on Friday are expected to cap off the week.
The Bank of Canada rate decision on Wednesday will be a highlight for monetary policy watchers. Similarly, the ECB’s rate decision on Thursday will attract attention.
USD mostly higher in Asia
Table: seven-day rolling currency trends and trading ranges
*The FX rates published are provided by Convera’s Market Insights team for research purposes only. The rates have a unique source and may not align to any live exchange rates quoted on other sites. They are not an indication of actual buy/sell rates, or a financial offer.
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If you’ve been paying attention to financial headlines lately, you may have noticed a strange pattern…
Everyone’s suddenly talking about the same thing – uncertainty – and it’s become Wall Street’s favorite scapegoat.
CEOs cite it when their companies fall short. Economists use it to hedge every forecast. The media leans on it to stir anxiety. And in April alone, the Federal Reserve used it 80 times in just one Beige Book report.
But when everyone’s busy warning about what might happen, they tend to miss what’s actually happening.
In today’s Digest, legendary investor Louis Navellier will shine a light on what is actually happening, focusing on three powerful shifts taking place right now. Collectively, they form the basis for Liberation Day 2.0, which Louis discussed in detail at his event last week.
Each of these moves is unfolding in real time – and one under-the-radar stock that Louis names below may be perfectly positioned to benefit.
Enough introduction. I’ll let Louis take it from here.
Have a good weekend,
Jeff Remsburg
In the very first Sesame Street episode, in November 1969, Kermit the Frog attempts to describe the letter “W.” A hungry Cookie Monster chomps away at the subject matter, forcing Kermit to change his prepared speech to talk about “N”… then “V”… as sections of the letter disappear.
The segment proved so memorable that Sesame Street has continued to run some version of its “letter of the day” to the present.
Fast forward to today, and the American economy is now being brought to you by the letter “U.”
Indeed, uncertainty has become the fixation of media and Wall Street alike.
Eighty-four percent of the S&P 500 companies used the term “uncertainty” in their most recent earnings calls. Moody’s used it as a reason for their recent downgrade of U.S. debt.
In fact, this word has become so prevalent that the Federal Reserve’s April 2025 “Beige Book” (its twice-a-quarter commentary on current economic conditions) used it 80 times without people really noticing. (The April 2024 version mentioned the word only 11 times.)
Now, I want to acknowledge the word is useful in some cases.
But the word “uncertainty” gives many the excuse to be a bit lazy:
It lets the media create an invisible enemy to focus readership anger…
It causes financial analysts and investors to throw up their hands and say nothing’s for sure….
It allows CEOs of S&P 500 companies to blame something else if their performance falls short…
And it also hides some facts that are absolutely crystal clear to me.
So, today, let’s review three items that are actually quite certain… what they has to do with President Trump’s three-part economic plan… why this plan matters to investors…
And one stock investors can buy right now to profit off of the president’s latest pro-business moves.
Certainty No. 1: Tax Liberation
Last week, President Trump’s “Big, Beautiful Bill,” a sweeping legislative tax proposal, passed the House. Here are three key reforms it includes…
Permanent middle-class tax cuts. It lowers the individual income tax rate. For example, the 15% bracket is dropped to 12% and 25% is lowered to 22%. There are also no taxes on tips or overtime – one of President Trump’s campaign promises.
Expanded family and child benefits. The child tax credit is permanently set at $2,000 per child. It also includes new MAGA savings accounts, with a $1,000 federal contribution for newborns.
Health and wellness savings expansion. Health savings accounts (HSAs) can be used on more than just doctor’s visits and medications. Americans can apply them toward things like fitness memberships, direct primary care and spousal flexibility.
However, President Trump isn’t stopping there… he also wants to use the revenues the U.S. makes from tariffs to cut income taxes for people making $150,000 or less. This would be the biggest change to the tax code since Trump’s first term, when he passed the Tax Cuts and Jobs Act.
These tax changes would be a huge boost for the middle class and economy. According to the House Ways and Means Committee, the Tax Cuts and Jobs Act drove wages higher, grew business investment by 20% and boosted GDP by a full percent. This could lead to trillions of dollars in additional growth over a decade.
All we need now is for the Senate to get on board, and then the Big, Beautiful Bill will become law.
Certainty No. 2: Tech Liberation
Artificial intelligence will continue to gobble up ever more electricity this year. Here’s why I’m so confident:
Last November, NVIDIA Corporation (NVDA) released its Blackwell chip, an AI platform that’s 3X to 4X faster than its predecessor. It’s also a power hog, with each B200 GPU unit consuming 1,200 watts, roughly what a household toaster needs. (Its predecessor used 700 watts.)
However, this 70% increase in power consumption doesn’t translate to 70% more electricity demand overnight. Blackwell chips can only be produced so quickly, and even the top cloud computing firms like Oracle Corporation (ORCL) and Microsoft Corporation (MSFT) have been forced to wait in line for supply.
During its first-quarter earnings call, Microsoft CEO Satya Nadella noted that profits at his firm would have been even higher if only they had the hardware.
That will change through mid-2026 as more Blackwell chips roll off the assembly line. Older generations of Nvidia’s Hopper chips will be replaced by these power-hungry Blackwell ones, and additional sites will be built to house all-new sets. More of these chips means more power will be consumed, straining an already tight U.S. energy grid further.
In addition, AI developers show no sign of lifting off the gas pedal.
In April, OpenAI launched its latest GPT-4.1 model, an AI that’s roughly 20% better at coding than its predecessor GPT-4o. The firm followed up this month with a new AI coding agent, Codex, a powerful tool that can write code, fix bugs, run tests, and answer questions.
Not to be outdone, Alphabet Inc. (GOOG) unveiled a suite of AI-powered products at its I/O developer conference on Tuesday, May 20. This included a new series of AI models, AI-generated movies, next-generation smart glasses, and AI-powered wearable devices.
Perhaps most importantly, Alphabet revealed a new AI model, code-named “Deep Think,” that is more than twice as accurate as OpenAI’s best models at certain tasks.
This AI arms race will continue, driving up demand for power-intensive Blackwell chips. No AI company can afford to get left behind, and so we expect power-generation firms will continue to see strong demand.
Certainty No. 3: Energy Liberation
On President Trump’s first day in office, he signed three new energy executive orders that would “unleash America’s affordable and reliable energy and natural resources”:
Executive Order 14154, “Unleashing American Energy”: This order boosts energy independence and economic growth. It prioritizes expanding energy production on federal lands and offshore, increasing domestic mining of critical minerals, and ending the electric vehicle (EV) mandate to promote consumer choice. It also demands a review of regulations that hinder energy development.
Executive Order 14156, “Declaring a National Energy Emergency”: This order declares a national energy emergency and directs federal agencies to use emergency powers to increase energy development. This includes identifying and utilizing domestic energy resources, streamlining leases and permitting processes, and expanding energy infrastructure. The goal is to make the U.S. more energy independent.
Executive Order 14153, “Unleashing Alaska’s Extraordinary Resource Potential”: This order is to expand resource development in Alaska. It focuses on boosting energy production, streamlining permits, and advancing infrastructure like pipelines and liquified natural gas (LNG) exports. It also restores oil and gas leasing in the Arctic National Wildlife Refuge and directs agencies to remove regulations that hinder development.
These three initiatives, I believe, may have the largest long-term impact on this country’s wealth and prosperity. The reality is we’re sitting on over $100 trillion worth of energy and natural resources right here in America.
That’s almost four times larger than our annual GDP and three times larger than our national debt. That means we can wipe out the national debt three times over just by tapping into the assets we have buried in our own backyard. This would be a game-changer for our economy.
All Part of President Trump’s Liberation Day 2.0
The reason why I believe tax liberation, tech liberation and energy liberation are certainties is because they fall under President Trump’s three-part economic plan. I like to call it Liberation Day 2.0.
Investors looking for a place to buy may want to investigate the president’s latest “liberation.”
On Friday, May 23, he signed a series of executive orders with the goal of “re-establishing the United States as the global leader in nuclear energy.” The orders slash regulations, with the aim to increase American nuclear energy capacity from 100 gigawatts to 400GW by 2050 and to “have 10 new large reactors with complete designs under construction by 2030.”
Nuclear stocks jumped on the news… but they still have plenty of room to run as AI’s need for power continues to soar. One of my favorite nuclear stocks at the moment is Vistra Corp. (VST).
This Irving, Texas-based company is one of the biggest power generators in the United States, with about 37,000 megawatts of power generated from natural gas, nuclear, solar and battery storage facilities. The company offers reliable and efficient power solutions to approximately 4 million customers – residential, commercial and industrial – in 20 states, and Washington, D.C.
And in March 2024, Vistra completed a $3.4 billion deal to acquire Energy Harbor, making it the second-largest American nuclear power provider.
It rates a “B” in my Stock Grader system, and I recommend it in several of my paid services. Investors curious about nuclear energy “liberation” should take a closer look at VST.
Of course, that’s not the only way to profit from Liberation Day 2.0.
The three sectors I expect to dominate during the next phase of Trump 2.0 – and a top-ranked “buy” pick for each sector.
The sectors I believe will suffer the most as we transition to the new Trump economy – and 10 stocks my Stock Grader system and I say to avoid and/or sell now.
The strategy I’m using to help my readers target $2,500… $5,000… even $10,000 paydays.
And details on the Stock Grader system that’s helped me beat Wall Street at its own game for nearly five decades.
Louis Navellier hereby discloses that as of the date of this email, he, directly or indirectly, owns the following securities that are the subject of the commentary, analysis, opinions, advice, or recommendations in, or which are otherwise mentioned in, the essay set forth below:
Dollar Tree and Dollar General are scheduled to report first-quarter results in the coming days.
Analysts mostly rate the stocks as a “hold” or “buy,” but each has an average price target slightly below current prices.
UBS analysts said in a recent note that they believe there are “more tailwinds than risks and uncertainties” for dollar stores in the current environment.
Dollar General (DG) and Dollar Tree (DLTR) are set to report their first-quarter results before the opening bell Tuesday and Wednesday, respectively, with analysts staying cautious on the discount retailers’ stocks.
Eight analysts tracked by Visible Alpha says Dollar General’s stock is a “hold” and five call it a “buy,” while five rate Dollar Tree a “hold,” four a “buy,” and one a “sell.” Per Visible Alpha, Dollar General stock has a consensus price target of $95.31 compared with its closing level Friday of $97, while Dollar Tree’s price target of $85.40 sits just below its closing price just above $90.
Dollar General is expected to report earnings per share (EPS) of $1.47 on revenue that rose 3.5% year-over-year to $10.26 billion, with a 1.2% bump in comparable-store sales. Meanwhile, Dollar Tree is seen posting adjusted EPS of $1.15 on net sales that increased 9% to $4.53 billion, as well as comparable sales that rose 3.8%.
Analysts See ‘More Tailwinds Than Risks’ Amid Tariffs, Consumer Uncertainty
UBS analysts said in a recent note that they believe there are “more tailwinds than risks and uncertainties” for dollar stores in the current environment, citing consumers looking to trade down as a key benefit. They also see increased traffic for the stores from the closing of competitors Big Lots and Party City, as well as a potential shift away from online marketplaces like Shein and PDD Holdings’ (PDD) Temu as their prices could rise as the de minimis exception goes away.
Analysts from Oppenheimer recently wrote that they “overall expect both players to at least meet consensus expectations” for the first quarter. However, the analysts said they believe Dollar General will affirm its full-year outlook while Dollar Tree may look to cut its guidance due to its greater exposure to imports and discretionary spending, which could be impacted by tariffs.
Last quarter, Dollar General missed profit estimates following a review of its store portfolio that will lead the chain to close nearly 150 namesake and pOpshelf stores. Dollar Tree excluded Family Dollar’s performance from its Q4 results, as the company announced an agreement to sell the brand to a pair of private-equity firms for $1 billion.
Dollar General shares have risen about 28% year-to-date through Friday’s close, while those of Dollar Tree are up roughly 20%.
The blueprint for turning today’s so-called “uncertainty” into tomorrow’s opportunity…
Editor’s Note: Uncertainty is everywhere. Just look at the fact that more than 350 S&P 500 companies cited the word “uncertainty” on their latest earnings calls, the highest in years.
But legendary investor Louis Navellier says the real story isn’t about what’s unclear – it’s about three major economic shifts that are already happening with full clarity.
He calls it Liberation Day 2.0 – a sweeping trifecta of Tax Liberation, Tech Liberation, and Energy Liberation, powered by President Trump’s latest policies.
Louis believes this plan could unlock up to $10 trillion in new stimulus, create millions of jobs, and trigger a generational bull market.
This week, Louis went live with a brand-new briefing – The Liberation Day Summit – where he revealed:
A stock he believes could hand investors $5,000–$15,000 in gains
Three sectors set to dominate under Trump 2.0
Ten stocks he says to sell immediately
And the strategy he’s using to help readers capture big paydays
Don’t miss Louis’ full blueprint for turning today’s so-called “uncertainty” into tomorrow’s opportunity.
Now, take it away, Louis…
In the very first Sesame Street episode, in November 1969, Kermit the Frog attempts to describe the letter “W.” A hungry Cookie Monster chomps away at the subject matter, forcing Kermit to change his prepared speech to talk about “N”… then “V”… as sections of the letter disappear.
The segment proved so memorable that Sesame Street has continued to run some version of its “letter of the day” to the present.
Fast forward to today, and the American economy is now being brought to you by the letter “U.”
Indeed, uncertainty has become the fixation of media and Wall Street alike.
Eighty-four percent of the S&P 500 companies used the term “uncertainty” in their most recent earnings calls. Moody’s used it as a reason for their recent downgrade of U.S. debt.
In fact, this word has become so prevalent that the Federal Reserve’s April 2025 “Beige Book” (its twice-a-quarter commentary on current economic conditions) used it 80 times without people really noticing. (The April 2024 version mentioned the word only 11 times.)
Now, I want to acknowledge the word is useful in some cases.
But the word “uncertainty” gives many the excuse to be a bit lazy:
It lets the media create an invisible enemy to focus readership anger…
It causes financial analysts and investors to throw up their hands and say nothing’s for sure….
It allows CEOs of S&P 500 companies to blame something else if their performance falls short…
And it also hides some facts that are absolutely crystal clear to me.
So, today, let’s review three items that are actually quite certain… what they has to do with President Trump’s three-part economic plan… why this plan matters to investors…
And one stock investors can buy right now to profit off of the president’s latest pro-business moves.
Certainty No. 1: Tax Liberation
Recently, President Trump’s “Big, Beautiful Bill,” a sweeping legislative tax proposal, passed the House. Here are three key reforms it includes…
Permanent middle-class tax cuts. It lowers the individual income tax rate. For example, the 15% bracket is dropped to 12% and 25% is lowered to 22%. There are also no taxes on tips or overtime – one of President Trump’s campaign promises.
Expanded family and child benefits. The child tax credit is permanently set at $2,000 per child. It also includes new MAGA savings accounts, with a $1,000 federal contribution for newborns.
Health and wellness savings expansion. Health savings accounts (HSAs) can be used on more than just doctor’s visits and medications. Americans can apply them toward things like fitness memberships, direct primary care and spousal flexibility.
However, President Trump isn’t stopping there… he also wants to use the revenues the U.S. makes from tariffs to cut income taxes for people making $150,000 or less. This would be the biggest change to the tax code since Trump’s first term, when he passed the Tax Cuts and Jobs Act.
These tax changes would be a huge boost for the middle class and economy. According to the House Ways and Means Committee, the Tax Cuts and Jobs Act drove wages higher, grew business investment by 20% and boosted GDP by a full percent. This could lead to trillions of dollars in additional growth over a decade.
All we need now is for the Senate to get on board, and then the Big, Beautiful Bill will become law.
Certainty No. 2: Tech Liberation
Artificial intelligence will continue to gobble up ever more electricity this year. Here’s why I’m so confident:
Last November, NVIDIA Corporation (NVDA) released its Blackwell chip, an AI platform that’s 3X to 4X faster than its predecessor. It’s also a power hog, with each B200 GPU unit consuming 1,200 watts, roughly what a household toaster needs. (Its predecessor used 700 watts.)
However, this 70% increase in power consumption doesn’t translate to 70% more electricity demand overnight. Blackwell chips can only be produced so quickly, and even the top cloud computing firms like Oracle Corporation (ORCL) and Microsoft Corporation (MSFT) have been forced to wait in line for supply.
During its first-quarter earnings call, Microsoft CEO Satya Nadella noted that profits at his firm would have been even higher if only they had the hardware.
That will change through mid-2026 as more Blackwell chips roll off the assembly line. Older generations of Nvidia’s Hopper chips will be replaced by these power-hungry Blackwell ones, and additional sites will be built to house all-new sets. More of these chips means more power will be consumed, straining an already tight U.S. energy grid further.
In addition, AI developers show no sign of lifting off the gas pedal.
Last month, OpenAI launched its latest GPT-4.1 model, an AI that’s roughly 20% better at coding than its predecessor GPT-4o. The firm followed up this month with a new AI coding agent, Codex, a powerful tool that can write code, fix bugs, run tests, and answer questions.
Not to be outdone, Alphabet Inc. (GOOG) unveiled a suite of AI-powered products at its I/O developer conference last Tuesday, May 20. This included a new series of AI models, AI-generated movies, next-generation smart glasses, and AI-powered wearable devices.
Perhaps most importantly, Alphabet revealed a new AI model, code-named “Deep Think,” that is more than twice as accurate as OpenAI’s best models at certain tasks.
This AI arms race will continue, driving up demand for power-intensive Blackwell chips. No AI company can afford to get left behind, and so we expect power-generation firms will continue to see strong demand.
Certainty No. 3: Energy Liberation
On President Trump’s first day in office, he signed three new energy executive orders that would “unleash America’s affordable and reliable energy and natural resources”:
Executive Order 14154, “Unleashing American Energy”: This order boosts energy independence and economic growth. It prioritizes expanding energy production on federal lands and offshore, increasing domestic mining of critical minerals, and ending the electric vehicle (EV) mandate to promote consumer choice. It also demands a review of regulations that hinder energy development.
Executive Order 14156, “Declaring a National Energy Emergency”: This order declares a national energy emergency and directs federal agencies to use emergency powers to increase energy development. This includes identifying and utilizing domestic energy resources, streamlining leases and permitting processes, and expanding energy infrastructure. The goal is to make the U.S. more energy independent.
Executive Order 14153, “Unleashing Alaska’s Extraordinary Resource Potential”: This order is to expand resource development in Alaska. It focuses on boosting energy production, streamlining permits, and advancing infrastructure like pipelines and liquified natural gas (LNG) exports. It also restores oil and gas leasing in the Arctic National Wildlife Refuge and directs agencies to remove regulations that hinder development.
These three initiatives, I believe, may have the largest long-term impact on this country’s wealth and prosperity. The reality is we’re sitting on over $100 trillion worth of energy and natural resources right here in America.
That’s almost four times larger than our annual GDP and three times larger than our national debt. That means we can wipe out the national debt three times over just by tapping into the assets we have buried in our own backyard. This would be a game-changer for our economy.
All Part of President Trump’s Liberation Day 2.0
The reason why I believe tax liberation, tech liberation and energy liberation are certainties is because they fall under President Trump’s three-part economic plan. I like to call it Liberation Day 2.0.
Investors looking for a place to buy may want to investigate the president’s latest “liberation.”
He signed a series of executive orders with the goal of “re-establishing the United States as the global leader in nuclear energy.” The orders slash regulations, with the aim to increase American nuclear energy capacity from 100 gigawatts to 400GW by 2050 and to “have 10 new large reactors with complete designs under construction by 2030.”
Nuclear stocks jumped on the news… but they still have plenty of room to run as AI’s need for power continues to soar. One of my favorite nuclear stocks at the moment is Vistra Corp. (VST).
This Irving, Texas-based company is one of the biggest power generators in the United States, with about 37,000 megawatts of power generated from natural gas, nuclear, solar and battery storage facilities. The company offers reliable and efficient power solutions to approximately 4 million customers – residential, commercial and industrial – in 20 states, and Washington, D.C.
And in March 2024, Vistra completed a $3.4 billion deal to acquire Energy Harbor, making it the second-largest American nuclear power provider.
It rates a “B” in my Stock Grader system, and I recommend it in several of my paid services. Investors curious about nuclear energy “liberation” should take a closer look at VST.
Of course, that’s not the only way to profit from Liberation Day 2.0.
The three sectors I expect to dominate during the next phase of Trump 2.0 – and a top-ranked “buy” pick for each sector.
The sectors I believe will suffer the most as we transition to the new Trump economy – and 10 stocks my Stock Grader system and I say to avoid and/or sell now.
The strategy I’m using to help my readers target $2,500… $5,000… even $10,000 paydays.
And details on the Stock Grader system that’s helped me beat Wall Street at its own game for nearly five decades.
Defense Secretary Pete Hegseth has built his wealth through his time as a host for Fox News, speaking engagements, and book royalties.
Hegseth and his wife, former Fox News producer Jennifer Hegseth have a net worth of $3 million, according to an estimate by Forbes.
Hegseth has earned between $100,000 and $1 million in royalties for his books.
U.S. Secretary of Defense Pete Hegseth has built his multimillion-dollar wealth through his time as a host for Fox News, speaking engagements, and book royalties.
Hegseth was a television commentator before joining President Donald Trump’s second administration; he also served in the Army National Guard for several years, and was part of several active-duty deployments. He was confirmed in January.
Hegseth and his wife, former Fox News producer Jennifer Hegseth, have an estimated net worth of $3 million, according to Forbes. Here’s how Hegseth made his millions.
Fox News Salary
Prior to his role as Secretary of Defense, Hegseth was a co-host on Fox News’s “Fox & Friends Weekend.” Hegseth reported a total of $4.6 million in salary for 2023 and 2024 as a Fox News host on his most recent financial disclosure.
Speaking Engagements and Book Royalties
Hegseth has earned at least $900,000 from 41 speeches listed on his financial disclosure. Hegseth has earned anywhere from $10,000 to $20,000 and up to $150,000 per speech, according to the disclosure.
Hegseth also receives royalties from the books he has written. He received $348,000 as an advance for his book “The War on Warriors”, and $150,00 in advance for his book “Battle for the American Mind”, per his financial disclosure.
The former Fox News host also earned between $100,000 and $1 million in royalties for each book. (The disclosure only requires that a range be provided.)
Other Investments and Real Estate
Per his disclosure, Hegseth earned anywhere from $100,000 to $1 million on a rental house in Baltimore, Md. Hegseth and his wife also own an estate in Goodlettsville, Tenn,, worth an estimated $3.2 million and which costs about $19,000 per month in mortgage, according to an estimate by Forbes.
Hegseth also owns between $15,000 and $50,000 in bitcoin, per his disclosure.
