Published on: May 24, 2024

NetWorth Radio Advance Report - May 27, 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 May 27, 2024.

Advance Report

Radio Show

Q: What are some of the likely explanations for the rally in natural gas prices over the last 90 days?
A: reports hungry for power data center expansion, surplus storage drawdowns, and potential bullish projections of $4.50 per million British Thermal Units (BTUs) for the beginning of 2026.
Q: What is likely one of the most important financial headlines so far for 2026?
A: The 2017 Tax Cuts and Jobs Act expires at the end of 2025 could increase taxes for U.S. Households in 2026.


Headline Round Up

*Artificial Intelligence (AI) Mania: Nvidia Corp.’s Revenue Triples from a Year Ago & Net Profit Increases Nearly 7 fold in Q1! Sales Triple VDA Profits Quadruple, Sales Nearly Triple.
*Copper Futures Hit Another Record Taking Prices Over $11,000 USD per Ton!
*Solar and Wind to Boost U.S. Power Plant Capacity by 80% Before 2035.
*Utility Index Up 13% More than S&P 500 Index Year to Date? Vistra Corp. up over 150% for the same timeframe?
*U.S. Justice Department & Nearly 30 States Sue Live Nation to Force Sale of Ticketmaster Over Allegations of “Anticompetitive Practices”.
*CVS, Walgreens, Rite Aid Closing Hundreds of Stores, Since the Onset of the Pandemic, Amid Fierce Retail Competition.
*GLP-1 Mania! Hims & Hers Health, Inc. Debuts $199 Compounded Semaglutide Shots.
*SEC Appears Poised to Approve Ether Exchange Traded Fund (ETF) & Crypto Rally Ensues.
*Mr. Wilson! Morgan Stanley’s Bearish Strategist, Michael Wilson, Now Sees 2% Gain in S&P 500 Over the Next Year?
*Jane Yellen Says No to Global Wealth Tax on Billionaires. Current administration is looking to tax earnings of Americans making more than 100 Million at 25% including unrealized capital gains.
*Target Misses the Mark for the Fourth Straight Quarter.
*Who Are Some of The Highest Paid CEO’s of 2023?
Mergers & Acquisitions
Abu Dhabi National Oil Company Buys a 11.7% Stake in NextDecade Corp.’s Rio Grande Liquified Natural Gas(LNG) Project.
Skid Row
*Parents Beware: Some Bosses Have a “Like-O-Meter” that Can Disqualify Candidates During Interviews. Coach your kids on speaking without the crutch and possibly save your retirement portfolio.
*Luxury Watch Market Hits the Skids as The WatchCharts Overall Market Index is Down 38% in 2 Years.
*Commercial Real Estate Crisis: Starwood Capital Group Limits Investor Redemptions in $10 Billion Starwood Real Estate Income Trust.


Generic Copper Futures Contract Spot Price (05/25/2014 – 05/24/2024)

– Courtesy of Bloomberg LP

Generic Natural Gas Futures Contract Spot Price (12/29/2023 – 05/24/2024)

– Courtesy of Bloomberg LP

Generic Natural Gas Futures Contract Spot Price (05/24/2014 – 05/24/2024)

– Courtesy of Bloomberg LP

Dow Jones Industrial Average Index (12/29/2023 – 05/24/2024)

– Courtesy of Bloomberg LP

Atlanta Fed GDPNow Real GDP Estimate for 2024 – Q2 (05/24/2024)

– Courtesy of The Atlanta Federal Reserve


Profit Report

What can investors learn from The Wall Street Journal’s Christopher Mims review of what he got wrong during a decade of predicting the future of tech?


Research Round Up!

Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.
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*PIMCO: Election Outcomes – Winners and Losers
*AllianceBernstein: AI Driven Spending Boom and Supercycle
*Recurrent Midstream White Paper: Record Cash Flow Surpluses

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