Published on: March 1, 2024

NetWorth Radio Advance Report - March 4, 2024

In this NetWorth Radio Advance Report, Spencer McGowan, President of McGowanGroup Asset Management, delivers financial news and intelligence with insights you can act on for March 4, 2024.

Advance Report

Radio Show

Q: Where are some of the most impressive gains for 2024 in the equity markets, so far, and what unique ability was required to find them?
A: One example, the S&P 500 Index is up over 6% in just 2 months. The unique ability to hunt for bargains during market declines during 2022 and 2023 was a key to enjoying gains, thus far, in 2024.
Q: What is a unique ability and how could it apply to a person’s future?
A: Every person has a talent that can lead to a potential quantum leap on their personal journey. Later in life this applies to health, wealth building, and avocation phases.
Q: What unique abilities do the McGowanGroup team members have that can contribute to investor’s prosperity?
A: Meet the Team That Cares!

 

Headline Round Up

*Inflation: The Personal Consumption Expenditures (PCE) Index measure declines to 2.4% trailing 12 months, core 2.8%.
*Microsoft’s Latest Artificial Intelligence (AI) Partnership is with Paris based Mistral.
*Shell Puts U.S. Solar Assets Under Construction Up for Sale as It Reconsiders Transition Plans?
*India Approves $9 Billion for Rooftop Solar.
*Liquified Natural Gas (LNG) Demand Will Surge 50% in Next Decade Says Meg O’Neill, Woodside Energy Group CEO. Says.
*American Petroleum Institute Preparing Lawsuit Challenging Biden Administration’s LNG Permit Freeze.
*First Solar Spikes on Earnings Reports & Backlog Sales. On Track to Triple Profits?
*Solar and Battery Storage Make Up 81% of New U.S. Electricity Generating Capacity.
*”The Six Months that Short Circuited the Electric Vehicle (EV) Revolution” Says Wall Street Journal.
*Rivian Production Flattens As Stock Gets Flattened Too.
*Dallas Home Prices Up 2.15% Year over Year in 2023 and Nationally Up 6.13%.
*BP Exec Fired for Husband’s Insider Trading & Yes She Dumped Him!
*California’s Wealth Tax to Impose Annual Excise Tax of 1.5% on Residents/Part-Time Residents Whose Networth Exceeds a Billion Along With More Changes in 2026?
*Citi Wildly Bullish on Microchip Makers Including Nvidia.
*Cryptomania Returns!
*The Number of 401(K) Millionaires on Track for Record!
*Lithium Stocks at Rock Bottom?
*Is Zoom’s Business Ready to Boom?
*Beyond Meat’s Revolting Decline Interrupted by Short Squeeze!

 

U.S. Personal Consumption Expenditures Chain Type Prince Index, Month over Month Seasonally Adjusted & Year over Year Seasonally Adjusted (01/31/2021 – 01/31/2024)

– Courtesy of Bloomberg LP

Dow Jones Industrial Average Index (12/31/2021 – 03/01/2024)

– Courtesy of Bloomberg LP

Invesco QQQ Trust Series 1 (12/31/2021 – 03/01/2024)

– Courtesy of Bloomberg LP

AbbVie, Inc. (12/29/2023 – 03/01/2024)

– Courtesy of Bloomberg LP

BWX Technologies, Inc. (12/29/2023 – 03/01/2024)

– Courtesy of Bloomberg LP

Diamondback Energy, Inc. (12/29/2023 – 02/16/2024)

– Courtesy of Bloomberg LP

Microsoft Corp. (12/29/2023 – 03/01/2024)

– Courtesy of Bloomberg LP

Super Micro Computer, Inc. (12/29/2023 – 03/01/2024)

– Courtesy of Bloomberg LP

Standard & Poor’s 500 Index – Quarterly Earnings Analysis By Sector (11/16/2023 – 02/15/2024)

– Courtesy of Bloomberg LP

 

Profit Report

* Who is Autry Stephens?

 

Research Round Up!

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*Blackrock: 3 Market Predictions for 2024 and Lessons from 2023
*Recurrent Midstream White Paper: Record Cash Flow Surpluses

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