Revealed: Elon’s Coming AI Disruption

Dear Reader,

Every major tech company on Earth is racing to build AI.

They're all dependent on the same chips... the same power grid... the same infrastructure...

But when Elon is done with his just-revealed master plan – buried inside the SpaceX S-1...

The AI economy you think you understand won't exist anymore.

You could wake up tomorrow and discover your money is suddenly in all the wrong places.

I've spent 15 years doing this kind of forensic research and my institutional reasearch is followed by the world's biggest money managers, including Goldman Sachs, JPMorgan Chase, BlackRock, and Fidelity...

When I saw what was buried inside the SpaceX S-1, I flew to Starbase to see it for myself.

In my new briefing, I'll show you exactly what I believe Elon is building – and the single best stock to own because of it (not Tesla or SpaceX)...

Better yet, I'm giving away the name and ticker completely free, no credit card required.

Click here to get the full story and my No. 1 recommendation, free.

☕️ GM Munchers! My wife saw our portfolio hit a record this week and immediately started pricing flights. I found myself quietly rooting for a 2% pullback. Not a crash, just enough turbulence to keep her off the travel websites.

On today’s menu:

• 🥇 Gold Is Ripping & It Makes No Sense (Until It Does)

• 🏰 Disney Found Its Magic Again. Is The Stock A Buy?

• 🔍 Google's Legendary Engineer Is Leaving

• ✅ Shopify, SpaceX, Kraft & More

• 🚀 Why Today Is A Huge Day For SpaceX

Yesterday’s numbers:

BREAKING NEWS

🥇 Gold Is Ripping & It Makes No Sense (Until It Does)

Here's a head-scratcher. Gold jumped 4.5% yesterday to around $4,255, adding roughly $1.3 trillion in value in a single day. Normally gold is the "scared money" asset, the thing people buy when war is raging and inflation is spiraling. But right now war fears are easing (the Iran deal looks close) and inflation fears are cooling (oil just crashed). So why is the panic asset soaring while the panic fades? Great question, and the answer is sneakier than it looks.

The trick is that gold isn't reacting to the war news directly. It's reacting to what that news does to the Federal Reserve. Follow the chain:

• 🕊️ War calms down → oil falls → inflation pressure drops.

• 📉 Lower inflation → the Fed no longer needs to raise rates, and can start thinking about cutting them.

• 🥇 Lower rates = gold's best friend. Gold pays no interest, so when bonds and savings accounts pay less, gold suddenly looks a lot more attractive by comparison.

So the "good news" quietly removed the one thing that had been holding gold back all summer: the threat of higher rates. Add in a weaker dollar (which makes gold cheaper for foreign buyers) and relentless central bank buying, and you get a day like today.

The Munch Take: This is one of the most useful lessons the market ever teaches, so lean in. Gold didn't rally in spite of the calming headlines, it rallied because of them, once you trace the logic two steps down the chain. The obvious read ("peace is good, so sell your safe-haven gold") was exactly backwards. What actually drives gold most of the time isn't fear, it's interest rates, and anything that pushes the Fed toward cutting tends to light a fire under it. This is why we keep saying the surface story and the real story are usually different. The headline was about Iran. The gold move was about the Fed. My wife saw gold was up big and asked if something scary happened. I said no, the opposite, things got calmer. She stared at me and said that's the dumbest possible reason for the scared-money asset to go up. I said welcome to the market, where the dumbest-sounding explanation is often the correct one.

Bonus Report from Investors Alley: How to collect $1,152 a month from gold’s soaring prices 

🏰 Disney Found Its Magic Again. Is The Stock A Buy?

Disney ($DIS) shareholders must have kissed the right frog, because the entertainment giant just posted a serious glow-up. Shares jumped 3.65% after the company proved its turnaround is real. Let's dig in, then give you a straight buy-or-sell call.

The Quarter Was Genuinely Strong:

• 💰 Profit crushed it: Adjusted EPS hit $2.06, up 28% and past the $1.86 expected. Operating income jumped 21% to $5.6 billion.

• 🎬 Streaming makes money now: Disney+ operating income more than doubled, flipping the business that once bled billions into a real profit engine.

• 🎢 Parks keep printing: The Experiences division grew revenue 10% to nearly $10 billion, with attendance and per-guest spending both up.

• 🤠 Toy Story 5 was a monster: It blew past $1 billion at the global box office.

• 📱 A TikTok deal: Disney is letting creators use clips from Marvel and Star Wars, with those shorts landing on Disney+ too.

Revenue slightly missed at $25.25 billion versus $25.4 billion expected, but 7% growth with soaring profits is a quarter most companies would kill for.

From Beast To Beauty: Back in 2022, Disney was a mess, streaming bleeding cash, cable dying, costs out of control. The board brought back Bob Iger, who cut expenses, raised Disney+ prices, and doubled down on parks and IP. This past March, Iger handed the keys to new CEO Josh D'Amaro, and this is his second quarter proving the plan is working.

🐂 The Bull Case:

• 🏰 Multiple engines firing at once: Parks, films, streaming, and consumer products all grew the same quarter.

• 💵 Returns are climbing: Disney raised its buyback target to $9 billion and is selling non-core assets to sharpen focus.

• 🏷️ Still cheap: Down 9% this year and 42% over five years, trading near 13 times earnings, below its historical premium.

• Special Report: A better retirement stock than Berkshire? (from Stansberry Research)

🐻 The Bear Case:

• 😟 The consumer could crack: Parks and cruises are pricey, discretionary spending, the first thing households cut.

• 📺 Streaming is a knife fight: Netflix, Amazon, and everyone else keep spending, capping Disney's pricing power.

• 🐌 Five years of dead money: Despite this quarter, long-term holders are still down big.

Our Rating: BUY (with eyes open). Here's our honest call, and we're not financial advisors, just people who read the numbers. Disney earns a buy, and the logic is simple: a genuinely great, iconic business spent five years in the penalty box and is now firing on every cylinder, while the stock still trades below its historical valuation. That combo, improving fundamentals plus a beaten-down price, is the setup that tends to reward patient investors. The "eyes open" part: it's not a screaming bargain after the recent run, and a consumer slowdown is the one thing that could stall the story. So it's a buy for someone who can hold through economic bumps, not a quick flip.

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STOCK OF THE DAY

🔍 Google's Legendary Engineer Is Leaving & The Stock Doesn’t Like It

Alphabet ($GOOGL) fell about 4% yesterday after the company announced Jeff Dean, its chief scientist and one of the most important engineers in its history, is leaving after 27 years.

Here's who Dean is and why this matters. He was employee number 30, joined in 1999, and built the guts of modern Google. In AI circles, he's an absolute legend.

But read past the headline and it's a reshuffle, not an exodus. Dean is leaving to co-found a startup called Discovery Loop, which Google is investing in and keeping as a cloud customer. So he's not joining a rival, he's launching something Google partially owns. It's a planned handoff, done on friendly terms.

So, is the stock a buy?

🐂 The Bull Case:

• 🧠 The bench is deep: Google still has DeepMind, Hassabis, and thousands of world-class researchers. One departure, however legendary, doesn't gut that.

• 🤝 He's not gone, exactly: Google invests in Dean's new venture and keeps it as a cloud client, so it still benefits if he succeeds.

• 💰 The business is humming: Google Cloud and Gemini are gaining ground, and even with this drop, the stock has still beaten the S&P 500 this year.

• Bonus Report: Why 3:50 PM changes everything about trading (via Option Pit)

🐻 The Bear Case:

• 🚪 Talent is fleeing everywhere: Top AI researchers are being poached across the industry, and losing your chief scientist raises the question of whether more follow.

• 💸 The spending is staggering: Google just went cash-flow negative for the first time ever, guiding to $205 billion in capex. Investors are nervous about the bill.

• ⚔️ The race is brutal: Google is fighting OpenAI and Anthropic on models while defending its search cash cow from AI disruption. Losing a key architect mid-race isn't ideal timing.

The Munch Take: This drop is an overreaction to a headline, not a broken thesis. One engineer leaving, even a legendary one, does not undo a company with DeepMind, Gemini, YouTube, and the world's dominant search engine. The stock is up about 15% this year against the S&P's roughly 12.6%, so even after this dip it's beating the market, barely. That "barely" is the real story, not Dean. The thing actually worth watching isn't who left, it's whether Google's enormous $205 billion AI spending turns into profit before investors lose patience. Dean's exit is a one-day headline. The capex question is the one that decides where this stock goes over the next year. If you own Google for the long game, nothing about yesterday changed the math. If you're looking for a reason to worry, look at the spending, not the resignation. My wife asked if Google's in trouble because a smart guy quit. I said no more than a restaurant's in trouble because one great chef left to open his own place, especially when the restaurant helped fund it.

MARKET OVERVIEW

🍿 Tasty Movers & Shakers

🇺🇲 Free Report from Porter & Co: Trump’s emergency dollar reset

🛒 $SHOP Shopify ripped 16.98% after strong results and upbeat guidance calmed fears that AI would eat its business. Turns out the tool that helps people build online stores is doing just fine in the AI age.

✈️ $BKNG Booking Holdings rose 6.56% after topping earnings estimates. Guess my wife isn’t the only one that will cut out everything before she’d ever cancel a vacation.

🚀 $SPCX SpaceX fell 13.61% as a sixfold jump in capital spending spooked investors. Same lesson as the rest of this earnings season: the market loves AI growth right up until it sees the bill.

🧀 $KHC Kraft Heinz slipped 3.42% even after raising its sales outlook. Investors zeroed in on the weak spots instead, softer sales and stubborn cost pressures. A raised forecast doesn't mean much when shoppers are trading down to store brands.

📰 $NYT The New York Times tumbled 13.4% after guiding for slower subscriber growth, which buried an otherwise solid quarter. Wall Street doesn't care what you did last quarter, it cares what you'll do next.

🚗 $UBER Uber dipped 5.29% after in-line earnings and guidance failed to give anyone a reason to cheer. Meeting expectations is the fastest way to disappoint a market that wanted more.

TRADING SUCCESS

🤑 Thursday Motivation

🚀 Pre-Market Fuel

1. 😏 The setup Wall Street never wants you to notice (Ad)

2. 🚀 Why today is a huge day for SpaceX.

3. 🪵 Lumber continues to crash.

4. 🇨🇳 The Chinese Yuan is soaring.

🍪 Munchy Memes

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