Wall Street veteran Marc Chaikin discusses bullish market trends, AI boom impact, and upcoming newsletter focusing on 'hidden gems' in mid-cap stocks. He highlights sectors to watch, compares AI to the Netscape era, and shares insights on AI tools and job displacement.
58:43
forum Ask episode
web_stories AI Snips
view_agenda Chapters
auto_awesome Transcript
info_circle Episode notes
insights INSIGHT
Presidential Election Year Cycle
The market typically performs well in presidential election years, finishing strong 16 out of the last 18 times.
A "sweet spot" exists between June and August, followed by a potential pause before a strong year-end finish.
volunteer_activism ADVICE
Election Surprises
Be prepared for potential surprises during the election season, particularly in the weeks leading up to the election.
View any surprise outcome as a buying opportunity rather than a cause for concern.
insights INSIGHT
Broadening Market Opportunities
While headlines focus on tech, other sectors like financials, utilities, and healthcare are showing strength.
Mid-cap stocks in these sectors offer attractive buying opportunities, especially in industries like insurance.
Get the Snipd Podcast app to discover more snips from this episode
On this week's Stansberry Investor Hour, Dan and Corey welcome Marc Chaikin back to the show. Marc is a 50-year Wall Street veteran and the founder of our corporate affiliate, Chaikin Analytics. He also created a popular Wall Street indicator that appears in every Bloomberg and Reuters terminal in the world.
Marc kicks off the show by describing why he's so bullish in this presidential-election year. He explains that we're now entering a "sweet spot" for the market, and if there are any election surprises, that would be even more reason to buy in. Marc also lists off some sectors that he's bullish on today, especially in mid-cap stocks. These areas of the market aren't making headlines, but they're seeing steady gains and present attractive buying opportunities. (1:38)
Next, Marc shares his thoughts on the current AI boom and compares it with the introduction of the Netscape web browser in 1995. He discusses profit margins versus valuations, the potential loss of jobs due to AI, and the usefulness of large language models like ChatGPT. According to Marc, there are companies across a variety of industry groups that are going to benefit from AI. Investors just have to find them. (15:45)
Lastly, Marc shares all the details about his newest, most personal newsletter service that will be launching soon. He explains that it's going to focus on finding "hidden gems" – mid-cap or small-cap stocks that are undiscovered but have great valuations. As Marc says, "The focus is prospecting for gold nuggets." With his custom Power Gauge system by his side, Marc is going to find hidden winners – in a range of sectors – that are set to profit from the AI revolution. (34:32)
Stansberry Investor Hour