Financial Hurricane Protection

Sometimes it’s better if you don’t hear it from us. Here are four news stories from this week that support the investment theses we’ve been pounding the table on for months.

Four News Stories from this week

Ford to Add 6,000 US Jobs

Ford announced a plan to add 6,000 jobs in the US. This is in a move to boost production of electric vehicles and beat Tesla at its own game. The jobs will be spread across three plants throughout the Midwest. While that’s a boon for the local economies where those plants are located, the real story here is how the increase in production will play into the Biden administration’s plan to revamp the electric grid. Electric vehicles, along with other power grid components, are going to change the way power is generated and managed in the US. It’s one of the biggest investment stories of the decade.  

Jamie Dimon Financial Hurricane

Jamie Dimon, the CEO of JPMorgan Chase, recently sounded the alarms and said that people should prepare for an “economic hurricane.” He spoke at length about potential quantitative tightening while interest rates were rising and economic distortion brought on by inflation. He thinks that, whatever the near future holds, it’s something students in the future will be reading about in their history books. The early signs are already here. Protecting your own wealth means investing in one of the few sectors set to thrive in the near future. 
Paypal Adds Crypto Wallets

Paypal just made a move to support external wallets. This means that users can now transfer any cryptocurrencies they own to the service or out it. This is big news because PayPal is one of the world’s largest payment processors. The move comes shortly after the company started allowing its users to buy, sell, and hold certain cryptos. Management seems to realize that these digital currencies are going to go mainstream before long and intends to get in on the trend.  

Uranium Mines Restarting

Idle uranium mines are coming back to life. Mine operators in Australia, Africa, and here in the US are making preparations to restart old projects as well as projects that have stalled. Thanks to the war in Ukraine and changing sentiment on nuclear power, uranium is seeing growing demand and it’s likely to be that way for the next few decades. Nations are looking for sources wherever they can find them, and the companies that can pull uranium out of the ground will be among the biggest winners in any sector. 

Ryan Stancil

Ryan Stancil
Editor, Daily Profit Cycle