Published on: September 15, 2023

NetWorth Radio Advance Report - September 18, 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 September 18, 2023.

Advance Report

Radio Show

Q: What are some of the best and worst performing stocks of the last three years?
A: Marathon Oil, Corp., Targa Resources, Corp., Devon Energy Corp. and Occidental Petroleum Corp. are up over 400% each over the past three years. PayPal Holdings, Inc. is down by 2/3rds. Match Group, Inc. and Warner Brothers Discovery, Inc. have both declined by over 50% in the same three year period.
Q: What could investors look to for the cause of the inflation spike in August?
A: Higher fuel costs have kept inflation elevated.
Q: What has been historically a great inflation hedge for investors?
A: The Energy Infrastructure Sector.


Headline Round Up

*Oil Spikes to $90! Highest Since November 2022.
*Gone to Texas: Frontier Communications Moving from Connecticut! “Dallas is now home base for Building Gigabit America,” said Frontier’s CEO Nick Jeffery.
*Commercial Mortgage Backed Securities (CMBS) Delinquencies Rise 56% Since January 2023.
*CS Disco CEO & Co-Founder, Kiwi Camara, Got a $110 Million Package Then Suddenly Resigned Walking Away from Most of the Money?
*Earnings Per Share Estimates Rising for S&P 500 in 2023.
*Tesla Reinvents Car Design and Manufacturing Process in Austin!
*Taiwan Scolds Elon Musk for Describing the Country as China’s Hawaii.
*Elon Musk’s Lessons from Hell: 5 Commandments for Business.
*British Chip Designer ARM, PLC Raises Nearly $5 Billion in IPO on $54 Billion Valuation.
*Let’s Get Ready to Rumble! WWE and UFC Combine Leaving Audience Confused Whether It’s Real or Not?
*Caesar’s Forced to Pay Hacker’s Ransom of $15 Million! by
*Apple Shares Fizzle at iPhone 15 Launch.
*Record Yield Curve Inversion Has Flashed Recession Warning for 212 Straight Days so Far This Year.
*U.S. to Sanction 150 Entities, Including Foreign Companies & Individuals, for Transit-Country Trade with Russia.
*Uranium Shortage?
*What Really Happens in a Government Shutdown?
Mergers and Acquisitions:
*3D Systems Makes Binding Offer for Stratasys at $27 a Share.
Skid Row:
*Amateurs Pile Into 24-Hour Options Trading: ‘It’s Just Gambling.”


J.P.Morgan Asset Management – U.S. Guide to The Markets Q3 2023, pg 23 (08/31/2023)

– Courtesy of J.P.Morgan Asset Management

Dow Jones Industrial Average Index Year to Date (09/15/2021 – 09/15/2023)

– Courtesy of Bloomberg LP

Standard & Poor’s 500 Index – Member Ranked Returns, Best Performing & Worst Performing (09/15/2020 – 09/15/2023)

– Courtesy of Bloomberg LP

Generic Crude Oil Futures Contract Spot Price (09/15/2021 – 09/15/2023)

– Courtesy of Bloomberg LP

U.S. Consumer Price Index – Urban Consumers Month over Month, Seasonally Adjusted (09/30/2021 – 08/31/2023)

– Courtesy of Bloomberg LP

J.P.Morgan Asset Management – U.S. Guide to The Markets Q3 2023, pg 8 (08/31/2023)

– Courtesy of J.P.Morgan Asset Management

ARK Innovation Exchange Traded Fund (10/31/2014 – 09/15/2023)

– Courtesy of Bloomberg LP

Proterra, Inc. (11/25/2020 – 09/15/2023)

– Courtesy of Bloomberg LP


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