Published on: October 20, 2023

NetWorth Radio Advance Report - October 23, 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 October 23, 2023.

Advance Report

Radio Show

Q: What is The McGowanGroup’s year end trading package and what areas of the equity markets are current candidates?
A: Tax loss selling pressure at the end of the year can push out-of-favor companies to attractive bargain valuations. Tax loss selling pressure typically ends at the end of December creating potential appreciation in January and beyond. Technology companies were a good example after the NASDAQ fell over 30% in 2022. Stay tuned to find out what Spencer McGowan & Alex Tollen are currently excited about!
Q: How much is a battery replacement for an 11 year old Chevy Volt?
A: A recent Florida Chevy dealer gave a quote for a battery replacement near $30,000! The car was no longer under warranty & General Motors no longer makes the car’s battery. A third party supplier was the only way to get the battery and therein lies the rub.
Q: What currently attractive categories are included in a McGowanGroup model portfolio?
A: Global High Yield bonds, Medical Dividend companies, Energy Infrastructure, along with Growth and Innovation companies.


Headline Round Up

*Recent U.S. Economic Data Stronger Defying Forecasts!
*Taylor Swift Concert Movie Hauls in between $95-$97 Million on Opening Weekend.
*Iran Calls for Immediate & Complete Oil Embargo on Israel.
*Chesapeake Energy Approaches Southwestern Energy About Possible Acquisition.
*Frozen: Existing Home Sales Hit 13 Year Low.
*Mortgage Applications 28 Year Low as Interest Rates Continue to Rise?
*Discover Profits Hit: Discover Financial Services Write Offs of Delinquencies Doubled From a Year Ago.
*Miss America Promotes Nuclear Energy?
*Tesla Profits Falls 37% in Q3 & Shares Fall 12% This Week.
*The Next Phase of the Shale Revolution. Potential Acquisition Candidates?
*Electric Vehicle (EV) Batteries Costs Could Surge 22%.
*U.S. Median Household Net Worth Surged 37% from 2019 to 2022.
*China’s Evergrande Made Broken Promises to Chinese Citizens.
*China’s Office Building Vacancies Rise This Year.
*Ozempic For Everybody? Protective Effect on Heart, Liver & Kidneys?
*Goldman Sach’s Analysts See Obesity Drugs $100 Billion Potential.
*While EV Sales Continue to Grow, Unsold EV Inventories Rising?
*Huge Inflation Hike Increases Healthcare Cost.
*Commercial Property Distress Rises to 10 Year High in Third Quarter.


Profit Report

*Some of the Best Client Questions of the Week.


Dow Jones Industrial Average Index (12/30/2022 – 10/20/2023)

– Courtesy of Bloomberg LP

U.S. Federal Funds Effective Rate (01/01/1993 – 09/30/2023)

– Courtesy of Bloomberg LP

Dow Jones Industrial Average Index (10/20/1999 – 10/20/2023)

– Courtesy of Bloomberg LP

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

– Courtesy of Bloomberg LP

Generic Oil Futures Contract Spot Price (12/30/2022 – 10/20/2023)

– Courtesy of Bloomberg LP

Energy Transfer LP (12/30/2022 – 10/20/2023)

– Courtesy of Bloomberg LP

Novo Nordisk  (12/30/2022 – 10/20/2023)

– Courtesy of Bloomberg LP


Research Round Up!

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*Cohen & Steers: The Energy Crisis Dual Opportunity.
*Recurrent Midstream White Paper: Record Cash Flow Surpluses.
*AllianceBernstein: AI and Energy.

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