What to buy ahead of the election

Since last week: The election is just a few days away and the next Fed meeting is right after. Rate cuts are still on track given weak jobs numbers. 

1. Presidential Crypto

With the election only days away, the cryptocurrency industry is watching closely and is hopeful regardless of who wins. Even though the Biden administration has shown reluctance to accept the industry, both Trump and Harris have signaled that they would be more accommodating. Because of that, crypto traders think digital currency has a bright future ahead and are stocking up accordingly. Click here to see which cryptos are worth buying before the end of the year

2. Japan Nuclear Restart 

Japan has officially restarted its first nuclear reactor since the 2011 earthquake and tsunami triggered a nuclear crisis and turned the world off to nuclear power. Onagawa nuclear plant’s No. 2 unit is back online in what the country sees as being only the first step in using nuclear energy to meet its power needs. It just goes to show that the specter of nuclear power is quickly becoming a thing of the past as it regains acceptance. That means all of these reactors are going to need uranium to power them. Here’s how you can profit from the uranium boom before the price runs away

3. ChatGPT Search

OpenAI has launched ChatGPT search within its chatbot. The company sees this move as putting it in position to compete with the likes of Microsoft and Google. If it sees the kind of adoption the company’s leaders hope for, it could encourage other companies in the space to try and carve out their own market share. This is just another example of how competitive the AI space is going to be in the near future. Here are the companies you should be buying to profit

4. Copper Up 12%

The world is waking up to the fact that it needs more copper. That’s one of the big reasons why it’s up 12% for the year and poised to go higher from there. It’s one of the key metals required in electronics and, just as the world needs more of it, supply is beginning to vanish. That means it’s going to continue to demand a premium. Anyone who invests in the companies that can bring supply to market are going to do very well. Here’s one company you can own now that’s set to win big in the copper supply crunch.  

What to Look For

How the market reacts to the election and Fed meeting will be the big stories next week.

Keep your eyes open,

Ryan Stancil

Ryan Stancil
Editor, Daily Profit Cycle