Published on: December 8, 2023

NetWorth Radio Advance Report - December 11, 2023

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 December 11, 2023.

Advance Report

Radio Show

Q:  What big Texas companies are doing great in the equity markets, so far, in 2023?
A:  As of December 7, 2023, Tenet Healthcare Corp. is up 43%, DR Horton, Inc. is up 51%, Cinemark Holdings, Inc. is up 65%, Dell Technologies, Inc. is up 69%, Lennox International, Inc. is up 76%, and Builders FirstSource, Inc. is up 125%!
Q:  When should investors consider Tax Loss selling to reduce taxes and why is it a good idea?
A:  The McGowanGroup recommends, after major financial market rallies, that investors eliminate weaker positions in the second and third quarters of the year to avoid holding positions that may come under pressure as other investors harvest tax losses to reduce taxes during the fourth quarter. In fact, tax loss selling pressure on out of favor assets/asset classes may present an ideal entry point for investors savvy enough to realize bargains near year end.
Q:   What are the new IRS tax brackets for 2024?
A:   Stay Tuned to today’s broadcast and follow along as Spencer McGowan & Alex Tollen cover the new updates!


Headline Round Up

*Current U.S. Economic Growth Slows to Just 1.3%.
*Durable Goods Deflation? Year over Year decline for the past 5 Months in October!
*Labor Market Slows Towards the End of the Year as Layoffs Rise.
*Artificial Intelligence (AI) Alliance:  Meta + IBM + Intel + Oracle + Cornell University & The National Science Foundation.
*Foreign Nursing Shortages Exacerbated by U.S. Visa Delays. Domestic nurse turnover at the heart of the issue currently at 27%!
*China Leading Nuclear Evolution with 4th Generation Nuclear Reactors. Considered the most fuel efficient and safer than conventional reactors.
*Where Are All the Electric Vehicle (EV) Chargers Taxpayers Funded for $7.5 Billion? Bureaucratic red tape & political chicanery to blame?
*U.S. Electric Vehicle (EV) Sales Spiked 50% This Year!
*Solar Power Installations Up 55% in 2023 as Inflation Reduction Act Incentives Kick In.
*Record Year for Airline Revenue as Pandemic is In the Rearview Mirror.
*Will Fat Reducing Drugs Really Hit Food Demand?
*TrendMicro Chief Investment Officer, Donald Luskin, Predicts Deflation Causing the Federal Reserve to Scramble.
*As of Last Friday 557 Nasdaq Stocks Were Trading Below $1.
*U.S. Corporate Profit Growth Returns in Q3.
*Green Investors Crushed in 2023. What are the lessons for 2024?
*Crypto Rally! Bitcoin at the highest levels since April 2022.
*Annual Bitcoin Mining Uses More Water than New York City Used in 2022!
*Exxon Mobil Raises Stock Share Buybacks By 14%. Highpoints of CEO Interview.
*Of Course! FTC Investigating Details Over Exxon & Pioneer Merger. Anticompetitive concerns over deal?
*Nearing New Records of 6 Million Barrels Per Day, U.S. Oil Exports Send Oil Briefly Below $70.
*EV Repairs Expensive and Slow as Fixes Need More Parts, are More Complicated and Few People Do Them.
*Massive Short Position Taken by Traders Before Hamas Attack Made $900 Million?
Mergers and Acquisitions
*Alaska Air Buying Hawaiian Air for $1.9 Billion in Cash and Debt.
Skid Row
*Where is That Bus? Proterra Electric School Bus Company Completes Chapter 11 Auction in November While Districts Wait for Parts and Service.
*China’s Economy Could Be Zero Growth in 2023?


Tenet Healthcare Corp. (12/30/2022 – 12/08/2023)

– Courtesy of Bloomberg LP

DR Horton, Inc. (12/30/2022 – 12/08/2023)

– Courtesy of Bloomberg LP

Cinemark Holdings, Inc. (12/30/2022 – 12/08/2023)

– Courtesy of Bloomberg LP

Dell Technologies, Inc. (12/30/2022 – 12/08/2023)

– Courtesy of Bloomberg LP

Lennox International, Inc. (12/30/2022 – 12/08/2023)

– Courtesy of Bloomberg LP

Builders FirstSource, Inc. (12/30/2022 – 12/08/2023)

– Courtesy of Bloomberg LP

Bitcoin Currency Spot Price (12/09/2018 – 12/08/2023)

– Courtesy of Bloomberg LP

U.S. Consumer Price Index – Urban Consumers Year over Year, Seasonally Adjusted (12/09/2018 – 12/08/2023)

– Courtesy of Bloomberg LP

Standard & Poor’s 500 Index – Quarterly Earnings Analysis by Sector (08/16/2023 – 11/15/2023)

– Courtesy of Bloomberg LP


Profit Report

1. McGowanGroup Wealth Management Missions!
2. 2024 Tax Planning?!


Research Round Up!

Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.
Get on the free subscription list today.
*Nuveen: Convexity, The Power of Bond Discounts Convexity!
*PIMCO: October CPI Market Reaction
*PIMCO: Prime Time for Bonds
*Recurrent Midstream White Paper: Record Cash Flow Surpluses.

Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire.
Start the process of updating your investment plan today.