Happy Sunday to everyone on The Street. 

You know the market’s really cooking when records don’t feel like records anymore. The Dow and S&P 500 both ended the week at fresh closing milestones, and the broader market notched its sixth winning week in a row.

This is the first time that has happened in… well, less than a year. The Street may have locked in its longest winning streak of 2024, but in the distant past of December 2023, it reached the same benchmark and then some.

Despite an uncertain climate, the market’s upward trajectory hasn’t changed much since then. But some things have. The Dow closed at a record that week, too, thanks to a blockbuster upgrade for the black sheep of 2024: Boeing.

UBS set a $315 price target for the stock. Today, it’s trading at less than half that. Welp. That aged well.

Plus, today’s sponsor just unlocked the list of stocks in his entire “profit-sharing” portfolio for traders around the world. Click here to take a look.

Sponsored & Written By Jack Carter Trading

The “income ace” portfolio revealed

Recently, “The Income Ace,” Jack Carter, did something we never thought he’d do…

He unlocked the list of stocks in his entire “profit-sharing” portfolio for traders around the world! 

Most people were stunned that Jack would share all of his best income-producing tickers… But there’s a very good reason for it. As Jack explained, the “American Dream” is broken…

Even for the folks who worked hard and played by the rules, the math simply doesn’t add up.

Consider that in 1972 the average home was $30k… Fast forward to 2024 where the same $30k is equivalent to $189k in today’s dollars.

But the average home? It now goes for $440k… Are you seeing the problem?

Retirement-aged folks (or those nearing retirement) have lived through some of the most aggressive cost increases - way outpacing “normal” inflation - in our history. Meaning even if they did the right things, they’re still behind.

And that’s why Jack is revealing his Profit Sharing Payment Portfolio for the first time ever. Because folks need it more than ever!

The entire presentation is free and it will even teach you Jack’s 3 golden rules for picking dividend stocks. So don’t miss out…

Tap Here to Join the Broadcast Now

Keeping AI Cool

A New AI Angle

The AI sector is running hot — and so are the massive data centers that power it.

As the AI race accelerates and more major companies bet big on the technology, more energy is consumed, and more heat is created. This has forced data center operators to reevaluate their cooling techniques to keep things running smoothly.

Liquid cooling, which is 25 times more effective than air cooling, is rising above as a winning strategy. Companies like Vertiv (VRT) and Modine Manufacturing (MOD) that traditionally offered air cooling have recently joined the liquid movement through acquisitions — and partnered with major tech companies to supply those services.

Vertiv

Vertiv is majorly focused on data centers, with three-quarters of its revenue coming through the massive facilities. To keep up with liquid cooling demand, the company acquired CoolTerra at the end of last year.

Thanks to this strategic acquisition, Jefferies analyst Saree Boroditsky believes its data center revenue could see a compound annual growth rate (CAGR) of 20% over the next four years.

She also expects earnings to grow at a 24% CAGR through 2027, thanks to some additional projects waiting in the wings. Boroditsky rated the stock a Buy, with a price target of $125, implying more than 11% upside from Friday’s close.

Modine

Modine dove headfirst into the liquid cooling game when it acquired TMG Core’s intellectual property assets at the start of this year. It also purchased Scotts Springfield Manufacturing for product diversification.

The cooling company’s data center business is on pace for 50% growth in 2024, with top-line CAGR growth projected at 18% to 22% through FY 2027. Modine’s substantial deals with three hyperscalers are expected to catalyze this growth.

Matt Summerville of D.A. Davidson gave the stock a Buy rating and recently upped his price target to $155 per share, or nearly 17% upside at the end of last week.

Many analysts and users agree: AI is cool. These energy providers may be key to keeping it that way.

Tax-Loss Harvesting Happens

A Popular Tax Strategy

For many investors, the fourth quarter is the time to start strategizing for capital gains taxes. Often, this involves selling off losing stocks to offset realized capital gains from other positions, a strategy known as tax-loss harvesting.

This could be bad news for some stocks that haven’t had a great year. These assets could see an influx of sellers looking to strategically lock in those losses over the next few months.

Morgan Stanley (MS) scanned the S&P 500 for stocks likely to be negatively affected by this strategy.

Adobe

Adobe (ADBE) topped the firm’s list. The stock is down over 12% YTD and Wall Street doesn’t see a particularly sunny future either. KeyBanc analyst Jackson Ader sees it falling another 9% from Friday’s close, per his $450 price target.

It doesn’t help that the company doesn’t give itself a particularly rosy outlook either. Adobe’s Q4 guidance was bleak, projecting annual recurring revenue to come in $20 million less than prior guidance implied.

Boeing

As we teed up at the top, Boeing (BA) has grabbed headlines for most of this year, and not for good reasons.

The plane manufacturer was rocked by issues surrounding its planes and quality control. Consequently, the stock has fallen nearly 40% YTD. And the turbulence just keeps building, as deliveries are down year-over-year and its machinists are striking.

Bank of America (BAC) analyst Ronald Epstein gives Boeing a price target of $170, representing a slight upside from current levels, but far below his previous target of $200.

To hear Morgan Stanley tell it, don’t be surprised if the downtrend continues for these stocks. Sometimes it’s a good strategy to sell the dip too.

Goldman Goes Global

Experian

Goldman Sachs (GS) recently came out with an updated list of its top global stock picks to highlight options for high risk-adjusted returns.

Denmark-based Experian (EXPGY) made the cut. According to analyst Suhasini Varanasi, the credit reporting company has performed well this year, and she believes it will continue to grow and expand its margins.

Experian is investing in new products and services that Suhasini expects to translate to increased organic revenue growth. The company’s ADR is up almost 30% YTD and Goldman has given it a $68 price target. On Friday, it closed at right around $50.

Generali

Italian insurance company Assicurazioni Generali (ARZGY) is on Goldman’s radar as well. According to analyst Andrew Baker, the company is well-positioned to take advantage of the Italian central bank’s efforts to ease policy rates.

Baker is also bullish on the fact that 90% of Generali’s property-casualty business is retail, while its competitors average just around 55%. Its ADR is up over 36% YTD and the investment bank has set a price target of $34.50, more than double Friday’s close.

Keppel

Singapore-based Keppel (KPELY) is another stock Goldman highlighted. The conglomerate specializes in property, infrastructure, and asset management.

Analyst Xuan Tan believes its infrastructure arm in particular is positioned for significant growth as demand for electricity increases. The company is expanding its electrical capacity by 50% by 2026, which Tan believes will result in long-term opportunities. Its ADR is down over 8% YTD, so investors could get in at a discount as well.

Goldman believes investors seeking timely opportunities may want to look overseas.

Sponsored & Written By Jack Carter Trading

The “income ace” portfolio revealed

Recently, “The Income Ace,” Jack Carter, did something we never thought he’d do…

He unlocked the list of stocks in his entire “profit-sharing” portfolio for traders around the world! 

Most people were stunned that Jack would share all of his best income-producing tickers… But there’s a very good reason for it. As Jack explained, the “American Dream” is broken…

Even for the folks who worked hard and played by the rules, the math simply doesn’t add up.

Consider that in 1972 the average home was $30k… Fast forward to 2024 where the same $30k is equivalent to $189k in today’s dollars.

But the average home? It now goes for $440k… Are you seeing the problem?

Retirement-aged folks (or those nearing retirement) have lived through some of the most aggressive cost increases - way outpacing “normal” inflation - in our history. Meaning even if they did the right things, they’re still behind.

And that’s why Jack is revealing his Profit Sharing Payment Portfolio for the first time ever. Because folks need it more than ever!

The entire presentation is free and it will even teach you Jack’s 3 golden rules for picking dividend stocks. So don’t miss out…

Tap Here to Join the Broadcast Now

Last Week’s Poll Results

Are you feeling more confident or less confident about the economy and your finances compared to this time last year?

🟨🟨🟨🟨🟨⬜️ 👍More Confident

🟩🟩🟩🟩🟩🟩 👎Less Confident

Are you bullish or bearish on dividend-paying stocks over the next 3 months? 

🟩🟩🟩🟩🟩🟩 🐂 Bullish

⬜️⬜️⬜️⬜️⬜️⬜️ 🐻 Bearish

Are you bullish or bearish on Bristol-Myers Squibb (BMY) over the next 12 months?

🟩🟩🟩🟩🟩🟩 🐂 Bullish

🟨🟨🟨⬜️⬜️⬜️ 🐻 Bearish

Are you bullish or bearish on Super Micro Computer (SMCI) over the next 12 months?

🟩🟩🟩🟩🟩🟩 🐂 Bullish

🟨🟨⬜️⬜️⬜️⬜️ 🐻 Bearish