I was born on 6 August 1956 in San Francisco, California to Janet and (the late) Richard Hovis.
I grew up in Santa Monica, California where I attended elementary, junior high school, and high school (graduating in 1974), in addition to involvement in sports and recreation (Little League +, the Boy’s Club ++). Further, it was in elementary school – St. Augustine’s By-the -Sea Parish School that I found, and made the choice to truly journey with God.
I attended Arizona State University from 1974 to 1977 – seeking to become an architect, however, I was not accepted, and, as such, I graduated with a Liberal Arts degree.
Upon graduation from Arizona State University, I attended Cal Poly San Luis Obispo and studied City and Regional Planning at the Master’s level. I successfully completed one (1) year in a two (2) year program – I did not complete the Master’s degree in City and Regional Planning – due to personal reasons.
I returned to Santa Monica where I started (October 1979) my career as graphic designer with Exxon Company, USA. I spent five years with Exxon Company, USA.
While working with Exxon Company, USA I was accepted into architectural school – Sci-Arc in Southern California, however, I did not attend preferring to stay with Exxon..
In 1982 I married Laura Flosi and in April 1983 we had our one and only child – Lauren Alain Hovis – a gift from God.
We moved to Phoenix, Arizona in 1984 from Los Angeles, where I went to work as a graphic designer with Kitchell CEM (from 1985 -1987).
From 1987 – 1995 I was an independent contractor, and a registered representative in mortgage finance, financial management, graphic design, and drafting.
Further, I attended the University of Phoenix and successfully obtained a Master’s in Business Administration (MBA) in 1982.
I was also a member of the Scottsdale Jaycees, where I became very involved in community events and projects.
In 1994, I accepted a cartography position with the Defense Mapping Agency in Reston, Virginia. As such, I relocated from Phoenix to Reston.
In 1998, I was accepted and worked as a Visual Information Officer with the Central Intelligence Agency. In 2002, I worked as a Support Officer until my retirement (due to a need for shoulder surgery) in September 2018.
Away from my Federal Government service, I have been involved in various organizations and activities in Northern Virginia.
In November of 2011, I married Rebecca Ouellette in Santa Monica, California. I reside in San Tan Valley, AZ with my two hamster - Jess and Timothy, our fish, our lizard - RJ Lizard., and our cats - Pearl and Grey.
As to hobbies, I enjoy playing sports, attending sporting events, mentoring individuals from financial management to hamsters, building models, photography, travel, multimedia design, managing partner for RJ Hamster, and jazz – smooth jazz to a samba or a bossa nova.
Love and God Bless,
Peter – aka RJ Hamster Jo hi
Featured: NVDA – The Options Market Feels a Little Too Comfortable.
Editor’s Note: The tech expert behind 28 triple-digit winners just uncovered a story involving Elon Musk and the White House that could be bigger than Tesla, SpaceX and xAI combined. Learn more before the “mother of all IPOs.”
Dear Reader,
Washington is about to send shockwaves through the stock market once again…
Not one but two Executive Orders are forcing the Treasury, the IRS, the Department of Homeland Security, and five other federal agencies to prepare America’s entire financial system for a radical new era.
And the man at the center of this new era is, once again, Elon Musk.
This isn’t speculation… a massive rollout has just begun across 50 states.
And what happens next involves more money than SpaceX, Tesla and xAI – COMBINED.
My name is Luke Lango. I was ranked the #1 stock picker in America in 2020. My readers have had the chance to see gains as high as AMD +13,500%… Nvidia +5,000%… Palantir +1,200%.
But I’ve never seen a setup like this one.
When the President of the United States personally clears the path for the world’s richest man’s biggest project to date… investors should pay attention.
Luke Lango Senior Investment Analyst, InvestorPlace
P.S. The last time I spotted an opportunity like this, my followers had the chance to make as much as 31,000% over a decade. This time, with the White House already onside, I think the opportunity could be even bigger. Learn more here.
FEATURED ARTICLE
NVDA: The Options Market Feels a Little Too Comfortable.
And what’s funny (not funny) is how calm the options market can look when everyone knowsit’s a live wire. Nvidia earnings tends to do that thing where the narrative is “historic numbers” and the stock response is… fine. Slightly disappointing. Then everyone who paid up for premium spends the next morning staring at IV crush like it’s a personal insult.
As I’m writing this, NVDA is hanging around the $200 area, about 8% off the 52-week high (~$216.83). Big cap, big expectations, still not “cheap” on trailing metrics (around 40.7x), but also not priced like a dying hardware company. So the setup isn’t about valuation. It’s about reaction.
Here’s the thing: the market is pretty good at pricing the number. It’s worse at pricing the mood.
Quick rewind. The last fiscal Q4 (reported late February) was ridiculous in the literal sense: $68.1B revenue (up 20% sequentially, 73% YoY). Full fiscal year revenue was $215.9B (up 65%), and non-GAAP EPS for the year was $4.77. That’s not “beat and raise.” That’s a different category.
Then management guided for roughly 77% revenue growth in the current quarter. Consensus is sitting around ~79%, which is basically Wall Street saying: “Cool, but do the thing you always do and beat the guide anyway.” That’s the bar now. It’s a moving bar, and it’s higher than most people admit out loud.
Also: hyperscalers were just over 50% of data center revenue last quarter. The combined capex track for Alphabet/Amazon/Meta/Microsoft has been floating around $700B for the year. That’s the demand pool. NVDA is still the cleanest expression of it, whether we like how crowded the trade is or not.
The part people skip: implied vs what actually happens
NVDA’s average 1-day realized move around earnings over the last five reports is about 6.32%.
And the last four one-day reactions: -5.46%, -3.15%, -0.79%, +3.25%. So if you’ve been buying the “it’s NVDA, it has to swing” story, the tape has been quietly taking money from you. Over and over. Not because the company is weak—because expectations are already inhaled.
Slight tangent, but it matters: remember the February 2025 “DeepSeek kills GPU demand” panic? That was the last time I saw people truly lean into a bearish narrative that felt sticky. The stock dropped hard post-earnings that cycle (about -8.48%). And then… inference needs kept growing. The “demand goes away” trade has had a rough life since.
So going into May 20, the question isn’t “Will they beat?” The question is “How much do you have to beat by to get paid for owning volatility?” Because if IV is elevated into the event (and it usually is), you’re not just betting on direction. You’re betting on a reaction that clears the premium. That’s harder than it sounds.
Where I’m at on structures (not a “checklist”, just how I’m framing it)
If you’re bullish but don’t love paying full freight into an IV spike, I keep coming back to a defined-risk call spread in the first full week after earnings (the May 28 expiration). Something like the $210/$230 call spread is at least the right shape: you’re expressing upside while limiting how much IV drag can ruin your day.
If you think we get the same movie again (strong print, “good but not good enough” reaction), then a defined-risk premium sell is the cleaner expression. Short straddle logic, but with guardrails: an iron condor centered near spot with wings beyond roughly that ~6–7% realized neighborhood. You’re basically saying: “I don’t need to be a hero, I just need implied to be too expensive.”
What matters is… the bear risk isn’t just “macro” or “valuation.” It’s guidance language. Supply. Constraints. Any hint that the bottlenecks migrate from gaming into data center commentary, or any tone shift that makes the next-quarter bar feel even slightly less automatic, and the reaction can get sharp fast. That’s the part I’m not casual about.
Date check: May 20 after the close (binary event, no ambiguity)
The day-before habit: price the straddle the morning of May 19 and translate it into % of spot
IV reality check: if IV percentile is up in the 70s+, I start leaning “sell structures” unless I have a very specific directional view
Watchlist between now and then:hyperscaler capex chatter + any sudden “spend digestion” talk (that’s usually where the air pocket starts)
And yeah, this is the annoying part: the market can be right about the move and still make most people wrong about the trade.
If you want, I can map the exact implied move math (and what wings would look like around it) once we see where spot and the front-week IV settle—because that’s when it stops being theory and turns into a trade you can actually live with.
May 20 is close enough that the pricing will start to get honest. Or at least… honest-ish. We’ll see.
This content is for informational purposes only and should not be considered financial advice. Investing involves risk.
The Cheap Investor is a publication of Investing Media Solutions, LLC.
Delivering World-Class Financial Research Since 1999
Six more months of energy winter… Laying mines versus finding them… The real headwind for the stock market… The AI boom is falling apart… From tech adventure to smokestack hunting… There’s a reckoning ahead…
No matter when the war ends, higher oil prices are here to stay…
Last week, the Washington Post spelled the problem out perfectly:
It could take six months to fully clear the Strait of Hormuz of mines deployed by the Iranian military, and any such operation is unlikely to be carried out until the U.S. war with Iran ends, the Pentagon has informed Congress – an assessment that means the conflict’s economic impact could extend late into this year or beyond.
So even if the conflict were to end tomorrow, it could take another six months (at least) before oil flows freely through the Strait of Hormuz. It’s like energy Groundhog Day. The little fellow saw his shadow and now we have at least six more months of energy winter.
You see, although the U.S. Navy has destroyed many of Iran’s larger ships, the country still has plenty of small, fast boats to deploy mines in the strait.
Iran has reportedly deployed two basic types of mines: The Maham 3 is an anchored mine deployed in waters up to 328 feet deep, and the Maham 7 sits on the seafloor in shallower waters. And neither of these mines explode through contact. They’re triggered by magnetic and acoustic sensors capable of detecting passing ships.
The impact of all those mines was expressed well by an April 9 Lloyd’s List report… There are more than 600 commercial ships trapped in the Persian Gulf, including 325 oil tankers. The human toll is even more staggering. An April 29 report from Ynet Global estimates there are 20,000 sailors trapped on as many as 2,000 ships.
The ultimate problem is that laying mines is much easier than figuring out where they are…
Even though Iran left navigable shipping lanes unmined for ships prepared to pay a toll, it admits it doesn’t know where all its mines have been laid. At least, that’s what it claimed when President Donald Trump requested it allow more ships to pass through the strait.
Meanwhile, Brent crude, the global benchmark for oil, has been through a distinct “war on”, “war off” cycle over the past month.
After surging to a four-year high of $118.35 per barrel on March 31, it quickly retreated to $90.38 by April 17, when folks were confident that Trump might soon end the conflict. When it became apparent that the term “ceasefire” doesn’t mean everybody will stop shooting, Brent took off again, topping $118 per barrel. It recently traded around $114, signaling we’re still in war-on mode.
But the verdict from the stock market is clear… $100-plus oil is no problem…
Yesterday, the Nasdaq Composite Index and S&P 500 Index reached new all-time highs.
The S&P 500 is now trading at 31 times earnings and 40.9 times cyclically adjusted price to earnings (“CAPE”). That’s 8% shy of the highest level in history, going back to 1871.
The highest CAPE ratio ever was 44.2 in December 1999, a few months before the dot-com peak.
The Internet has been an incredible economic boon, creating massive wealth and new opportunities, including businesses now worth trillions of dollars.
And yet, that didn’t keep the stock market from becoming insanely overvalued and risky – even for “no brainer” investments like fast-growing, cash-gushing “Internet plumbing” provider Cisco Systems (CSCO). Cisco was the No. 1 Internet-darling stock of the late 1990s. It became so overhyped and impossibly overvalued that it didn’t eclipse its March 2000 high until December 2025.
We’re seeing a similar situation play out today with the AI bubble. It will no doubt create trillions of dollars of business value in whole new industries, some of which probably don’t even exist yet.
But just like with the Internet revolution, a lot of folks are buying a bunch of stocks that are going to get murdered once the bubble deflates, as they always do.
In short, the most likely headwind for U.S. stocks isn’t oil – it’s AI…
Right now, everybody is excited about AI’s possibilities. The current AI market darlings are performing well. Only Meta Platforms (META) has failed to outperform the overall market since the March 30 bottom.
However, the biggest AI data-center builders’ balance sheets continue to deteriorate. Nobody cares about it now, but I (Dan Ferris) suspect the day will come when that matters more than anything else.
As a group, Oracle (ORCL), Microsoft (MSFT), Alphabet (GOOGL), Meta, and Amazon (AMZN) had net cash of $116 billion at the end of 2021. Today, after borrowing hundreds of billions of dollars, these hyperscalers have net debt of $223 billion. And as you can see in the chart below, their borrowing levels have been rising rapidly since the end of 2024.
They’re taking on debt to invest massive amounts of capital into AI. In 2023, their capital expenditures (“capex”) were $149 billion as a group. Over the last 12 months (“LTM”), their capex has ballooned to $482 billion. It will easily exceed $700 billion by this time next year.
That’s a lot of new debt for capex that won’t make money over any reasonable time frame, if ever.
The AI data-center boom is already starting to fall apart…
As the Financial Times reported on April 17:
Delays to new US data centres threaten to slow the rollout of AI by the world’s biggest tech companies, with almost 40 per cent of projects due this year at risk of falling behind schedule.
Major projects for Microsoft, OpenAI and other tech groups are likely to miss completion dates by more than three months, according to data shared with the [Financial Times] by SynMax, a satellite and AI analytics group.
Three months doesn’t sound like a big deal. But I doubt folks are admitting how far behind they really are. SynMax tracks construction progress through satellite imagery. It estimates that more than 60% of projects scheduled for completion next year haven’t even begun construction yet. For example, it’s seeing limited progress on Oracle-, OpenAI-, and SB Energy-related projects in Texas. Yet all three companies claim to be on schedule.
The Financial Times cited “more than a dozen industry executives” complaining of “permitting hurdles and chronic shortages of labour, power and equipment.”
The whole thing sounds exactly like the shale boom in North Dakota during the early 2010s, where oil-rig workers made six-figure salaries, fast-food places had trouble finding workers at $15 an hour, and Walmart paid nearly 2.5 times the minimum wage.
Data-center construction workers in Texas are moving from one OpenAI project to another in search of higher paychecks. That’s right… OpenAI is competing with itself for construction workers.
Wes Cummins, the CEO of Applied Digital (APLD), which builds and operates data centers, told the Financial Times:
We’re going to see a number of blow-ups and delays this year. My focus is on making sure it’s not us.
Many of the new data centers are gigawatt-scale projects…
That means they’re so big they’ll require 1 gigawatt of electricity – enough to power more than 700,000 American homes. It’s equal to 1.3 million horsepower, or the combined output of 2,000 Corvette Z06s. It’s like dropping a small city on 500 to 800 acres of land.
I suspect many permitting delays are due to local opposition. The same folks who don’t want a power plant in their backyards also don’t want data centers there. But power is the ultimate data-center bottleneck.
There isn’t enough power capacity for all the data centers planned and under construction. And even if you could build new power plants quickly enough, it’s a seven-year wait to connect new plants to the transmission grid.
That’s why hyperscalers are increasingly planning to build their own power plants. The overwhelming choice is natural gas turbines, but the big turbine builders have multiyear backlogs.
So data-center builders are getting creative. They’re using turbines originally designed for airplanes and warships, mobile gas generators strapped to semitrucks, and refurbished turbines from industrial plants.
I thought the AI boom would be all about technology…
When I started researching AI last fall, I figured I’d wind up learning about cool tech companies doing amazing things…
There are buildings going up all over the country, filled with the latest, most powerful graphics processing units, running software that does the unimaginable.
But it turns out, all those buildings are in desperate need of construction workers and electricity, including backup power from diesel generators.
So instead of searching for the latest tech company, I’ve been hunting for smokestacks: companies that have been producing oil and gas, refined petroleum products, and chemicals – in some cases for more than 100 years.
I’m still bullish on AI…
The five hyperscalers I mentioned earlier all have cash-gushing businesses with big competitive advantages and high returns on capital without massive amounts of investment. And they’re all betting big on the AI boom.
I believe this massive AI investment will yield incredible results – for consumers and professionals. Just like the Internet let a bunch of us make our living from anywhere we like and buy everything from fresh produce to custom-made suits, AI will change our day-to-day lives.
But I also have a feeling that hyperscalers will watch their balance sheets, cash flows, and hopes of an AI financial miracle deteriorate… and that the companies that make up 40% of the S&P 500 today will be replaced, perhaps with companies that mine copper, make diesel fuel, or some other essential product that can’t be replaced by intelligent software code.
Maybe I’m premature in my worries (wouldn’t be the first time!). Of the five hyperscalers I listed above, only Oracle is generating negative free cash flow today. It burned $25 billion of cash over the past 12 months. And it continues to spend more capital on data centers than it generates in operating cash flows. In other words, it’s burning cash, not earning it.
In a recent interview for the Stansberry Investor Hour podcast (keep an eye on investorhour.com for the full episode), we spoke with veteran fund manager George Noble. George was once legendary investor Peter Lynch’s assistant. He also oversaw the Fidelity Overseas Fund when it was the No. 1 fund in the country. So he knows what he’s talking about. And he’s no stranger to controversial opinions…
George spent a good part of our talk explaining why Tesla (TSLA) is worth roughly $25 to $54 per share, well below the recent price of around $395 per share. As we were wrapping up our talk, he also said he believes Oracle will go bankrupt.
The overall tenor of our conversation was that there’s a reckoning ahead for folks who are paying way too much for companies making promises they won’t be able to keep.
Two financial legends predict a paradigm shift will reset the market, cause Magnificent Seven stocks to plummet, and define the true winners of the next AI era. Fifty-year Wall Street legend Marc Chaikin and Silicon Valley insider Jeff Brown recently sat down together to share how you can access the names of SIX companies that could get left behind in the next era of AI. Click here for more details.
A critical flaw in the AI industry could soon wipe out $33 trillion from the U.S. stock market and cause a potential crash 62 times worse than the Great Depression – if it isn’t fixed fast. One small group of companies holds the answer… a breakthrough technology backed by Sam Altman, Elon Musk, Jensen Huang, the White House, and more. Click here to see how you could invest in the tech saving America from a $33 trillion crisis.
New 52-week highs (as of 4/30/26): ABB (ABBNY), Atlas Energy Solutions (AESI), Advanced Micro Devices (AMD), Amazon (AMZN), Alpha Architect 1-3 Month Box Fund (BOXX), Ciena (CIEN), Cisco Systems (CSCO), Deluxe (DLX), DXP Enterprises (DXPE), Emcor (EME), iShares MSCI Emerging Markets ex China Fund (EMXC), EnerSys (ENS), iShares MSCI South Korea Fund (EWY), Flex LNG (FLNG), Cambria Foreign Shareholder Yield Fund (FYLD), Alphabet (GOOGL), iShares Convertible Bond Fund (ICVT), Idex (IEX), KraneShares Bosera MSCI China A 50 Connect Index Fund (KBA), KraneShares Global Humanoid and Embodied Intelligence Index Fund (KOID), Keyence (KYCCF), Lumentum (LITE), Altria (MO), Nucor (NUE), Plains All American Pipeline (PAA), Pembina Pipeline (PBA), Invesco WilderHill Clean Energy Fund (PBW), Invesco High Yield Equity Dividend Achievers Fund (PEY), Invesco Oil & Gas Services Fund (PXJ), Ryder System (R), USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI), U.S. Global Sea to Sky Cargo Fund (SEA), State Street SPDR Portfolio S&P 500 Value Fund (SPYV), Tenaris (TS), Viper Energy (VNOM), and State Street SPDR S&P Semiconductor Fund (XSD).
In today’s mailbag, a reader shares his take on Microsoft’s spending plans, which we mentioned in yesterday’s Digest… Do you have a comment or question? As always, e-mail us at feedback@stansberryresearch.com.
“Microsoft will spend $190 billion on capital spending. Their old run-rate was around $25-28 billion, so we can estimate their capex on data centers is around $165B. The buildings are depreciated over 30 years and the servers [and equipment] over no more than six years according to my research [Editor’s note: Yes, generally true] – 4 or 5 years is more typical – but I will use 6 years…
“If we’re generous and say that half the data center capex is on complex buildings, infrastructure, HVAC and power generation, then that’s $80 billion, in round figures. That’s $2.7B in annual depreciation… [But] then they have operation and maintenance costs which will run in the low percentages, plus enormous power costs… MSFT’s annual depreciation in the prior fiscal year was $34B… This is a big nut to overcome… I’m not sure this will work out well at all.” – Subscriber Mark P.
Good investing,
Dan Ferris Medford, Oregon May 1, 2026
Stansberry Research Top 10 Open Recommendations
Top 10 highest-returning open stock positions across all Stansberry Research portfolios. Returns represent the total return from the initial recommendation.InvestmentBuy DateReturnPublicationMSFT Microsoft11/11/101,361.0%Retirement MillionaireMSFT Microsoft02/10/121,316.3%Stansberry’s Investment AdvisoryGOOGL Alphabet12/15/16847.9%Retirement MillionaireCIEN Ciena10/20/22840.1%Stansberry Innovations ReportADP Automatic Data Processing10/09/08819.2%Extreme ValueBRK.B Berkshire Hathaway04/01/09766.4%Retirement MillionaireALS-T Altius Minerals03/26/09643.1%Extreme ValueWRB W.R. Berkley03/15/12621.0%Stansberry’s Investment AdvisorySII Sprott01/11/18603.9%Extreme ValueLITE Lumentum04/15/21576.7%Stansberry Innovations Report
Please note: Securities appearing in the Top 10 are not necessarily recommended buys at current prices. The list reflects the best-performing positions currently in the model portfolio of any Stansberry Research publication. The buy date reflects when the editor recommended the investment in the listed publication, and the return shows its performance since that date. To learn if a security is still a recommended buy today, you must be a subscriber to that publication and refer to the most recent portfolio.
Top 10 Totals3Extreme ValueFerris3Retirement MillionaireDoc2Stansberry Innovations ReportEngel2Stansberry’s Investment AdvisoryPorter
Top 5 Crypto Capital Open Recommendations
Top 5 highest-returning open positions in the Crypto Capital model portfolioInvestmentBuy DateReturnPublicationBTC/USD Bitcoin11/27/181,929.8%Crypto CapitalWSTETH/USD Wrapped Staked Ethereum12/07/181,839.6%Crypto CapitalONE/USD Harmony12/16/191,008.8%Crypto CapitalPOL/USD Polygon02/26/21642.1%Crypto CapitalQRL/USD Quantum Resistant Ledger01/19/21479.7%Crypto Capital
Please note: Securities appearing in the Top 5 are not necessarily recommended buys at current prices. The list reflects the best-performing positions currently in the Crypto Capital model portfolio. The buy date reflects when the recommendation was made, and the return shows its performance since that date. To learn if it’s still a recommended buy today, you must be a subscriber and refer to the most recent portfolio.
^ These gains occurred with a partial position in the respective stocks. * Editor Dave Lashmet closed the first leg of this Nvidia position in November 2016 for a gain of about 108%. Then, he closed the second leg in July 2020 for a 777% return. And finally, in May 2022, he booked a 1,466% return on the final leg. Subscribers who followed his advice on Nvidia could’ve recorded a total weighted average gain of more than 600%.
Stansberry Research Crypto Hall of Fame
Top 5 highest-returning closed positions in the Crypto Capital model portfolioInvestmentDurationGainAnalystBand Protocol (BAND)0.31 years1,169%Crypto CapitalTerra (LUNA)0.41 years1,166%Crypto CapitalPolymesh (POLYX)3.84 years1,157%Crypto CapitalFrontier (FRONT)0.09 years979%Crypto CapitalBinance Coin (BNB)1.78 years963%Crypto Capital
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First 2026 Sunday Motoring Meet this Sunday May 3! Volvo & Saab take the track
NEWS: Lime Rock Park Announces Expanded Hospitality and Restaurant Partnerships, Increasing Variety for 2026
Do You Have Your Tickets for the Memorial Day Classic Yet?
Enjoy race day in comfort from VIP Hospitality
Lounge trackside in Hummel Hill at the Memorial Day Classic
Your Turn: Get Out on the FCP Euro Proving Grounds at Lime Rock Park
First FCP Euro Sunday Motoring Meet of the Year This Sunday!
Volvo & Saab on track – May 3
Hosted by FCP Euro, the Sunday Motoring Meet series brings like-minded enthusiasts together to celebrate European cars and culture. It’s not just another Cars & Coffee, it’s a casual gathering where you can see incredible builds and connect with your favorite automotive brands.
NEWS: Expanded Hospitality and Restaurant Partnerships, Increasing Variety for 2026
As part of our continued focus on enhancing the guest experience, we’re proud to expand our hospitality and dining partnerships with a curated group of local restaurant inns, hotels and boutique properties across the region.
These partnerships offer a range of nearby accommodations, from historic inns and lakeside resorts and cabins, to modern hotels and elevated boutique stays, paired with local dining spots that capture the character of the Northwest Corner. Each provides a unique experience, giving guests the flexibility to tailor their Lime Rock Park weekend to fit their style.
Do You Have Your Tickets to the Memorial Day Classic Yet?
Experience the thunder of 850-horsepower American V8s this Memorial Day with the TA and TA2 classes, while top production-based GT cars battle it out in XGT, SGT and GT!
Plus, don’t miss the thrilling sportscar action in International GT with late model Porsche and Ferrari competitors.
On Sunday, bring your Sunday Driver to the Royals’ Garage Car Show & see if you can take home bragging rights (& a trophy!) Entry proceeds will be donated to the Michael J. Fox Foundation for Parkinson’s Research.GET TICKETS – MEMORIAL DAY CLASSIC
Enjoy the Memorial Day Classic in Comfort from VIP Hospitality
Join us in VIP Hospitality!
Guests are welcomed into their beautiful, shaded seating with a continental breakfast & a free event gift, followed by a delicious buffet lunch. Snacks are available all day, with complimentary beer & wine service beginning at 10:00 am.
Watch the race in comfort while enjoying special guest appearances& more! Pass holders also enjoy the luxury of a Guaranteed Infield Parking Pass, within close distance to the Hospitality Village.GET TICKETS – VIP Hospitality
Lounge Trackside at Hummel Hill this Memorial Day Classic
Grab a hot dog (or two, or three) and catch at the Memorial Day Classic with Hummel Hill Hospitality, Saturday May 23rd!
Enjoy the race from a reserved section with prime trackside views overlooking West Bend – one of the most exciting corners on the course. But that’s just the beginning.
Hummel Hill Hospitality includes:
Access to a private, limited-capacity hospitality area
Your Turn: Get Your Car Out on the FCP Euro Proving Grounds
Autocross Lapping Days give drivers the opportunity to push their own vehicles on a variety of course configurations on the FCP Euro Proving Grounds — no cones & plenty of runoff; drive your car to the limits in a safe & controlled environment.
For those looking to explore Lime Rock Park’s facilities with expert instruction, Track Tapas offers a unique two-hour educational experience across 15 scheduled dates. Participants sample both the FCP Euro Proving Grounds and the 1.5-mile road course while receiving guidance from professional coaches, making it an ideal introduction to performance driving.
Whether this week was a challenge or a breeze – You made it, Pahovis !Congratulations!🎉To help you celebrate, here is your weekly overview. Be sure to scroll down 👇🏼 and check out 👀 news you may have missed, upcoming events 🗓️, how to support our local businesses🛍️ , & helpful area info💖!
San Tan Valley continues to see steady growth, with the Pinal County Board of Supervisors taking action on multiple development items during its April 22 meeting that directly impact the community.
Pinal County health officials have confirmed the first community case of measles in 2026—but key details about where potential exposure may have occurred have not been publicly released.
According to the Pinal County Public Health Services District,…
Residents in portions of San Tan Valley are raising concerns over proposed planning decisions tied to future boundaries in the Queen Creek General Plan, prompting questions about how growing communities are being defined.
Central Arizona College has officially begun construction on a new cultural and performing arts center that will serve students and communities across Pinal County.
College leaders, local officials, and community members gathered March 31 at the Signal…
Residents in San Tan Valley who are living with a mental health condition have access to a local peer support group designed to provide connection, encouragement, and practical resources.
The group is offered by NAMI Valley of the Sun, the local affiliate…
This week’s Dad Joke brought to you by Wes Grunden!
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➡️ Reply back and your joke just might be featured next week!
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📅 UPCOMING EVENTS
Looking for things to do in the upcoming week? Here are a few highlights from our events calendar. Don’t forget to check out the full events calendar at https://santanvalley.com/events to make sure you’re not missing out on anything.😀
Hello, San Tan Valley! Let’s rally behind our local businesses – our friends, neighbors, and the heart of our community. Every dollar spent locally creates a ripple of growth, and job support, and strengthens our economy.
I want to explain why in-the-money options tend to work especially well in certain market environments and why right now is one of them:
1. High uncertainty = cleaner directional moves
With macro events (like Federal Reserve decisions or big tech earnings) driving markets, you’re often getting strong, decisive moves instead of slow chop.
In-the-money options have higher delta (closer to 1.0), so they behave more like the stock.
That means when a move actually happens, you capture more of it.
2. Volatility is elevated (but inconsistent)
We’re in a market where implied volatility spikes around events but drops fast after.
Out-of-the-money options get crushed by IV decay after events.
In-the-money options have more intrinsic value, so they’re less dependent on volatility staying high.
👉 You’re not as exposed to getting wrecked by volatility collapsing.
3. Theta (time decay) is less punishing
Right now, a lot of traders are getting chopped up by time decay.
In-the-money options decay slower than out-of-the-money options because more of their price is intrinsic value.
In a market where moves can take a few days to play out, that matters a lot.
4. Better risk-adjusted positioning
Even though in-the-money options cost more upfront: They require a smaller move to profit
They have a higher probability of finishing profitably.
In a market that’s not perfectly trending (which is pretty much always), that higher probability matters more than cheap lottery tickets.
As an In-the-Money Countdown member, you receive 6 trades delivered via email at 7:00 p.m. ETon the Sunday following the first Friday of the month.
That timing is intentional. You get the full set of trades in advance, with time to review each setup on your own schedule before the week begins.
When Monday arrives, you place the trades before the closing bell using the step-by-step instructions provided. From there, you simply manage the positions according to the exit guidance already laid out in your Sunday email.
Every setup follows the same objective: targeting 100% or greater gains in five days or less, within a clearly defined expiration-week window.
Here’s what that looks like when the strategy is put to work.
📈 Gap, Inc.
• Strategy: Straight Buy • Entry Price: $0.64 • Exit Price: $1.61 • Result: +151.6% in 3 days
IN real dollars, one contract required $640 to enter. Three days later, that position was closed for $1,610, producing a $970 gain from a single, clearly defined trade.
You don’t need a high volume of trades for the strategy to matter. One well-timed 100%+ winner can go a long way toward offsetting discounted access, with additional gains building from there.
That’s the strength of this approach: defined entries, disciplined exits, and meaningful upside, all within a single trading week.
This past week delivered several developing setups and a notable winner to close out the month.
With April now behind us, we want to take a moment to reflect on what was an exceptional month for our community.
We are incredibly grateful for your trust, engagement, encouragement and support as we continue working to identify new opportunities and more winners for you.
As always, our focus is to alert opportunities with upside potential and review outcomes honestly.
April delivered multiple double-digit opportunities, with the biggest winners reaching gains of +92%, +55%, +29%, +26%, +18%, +15%, and +14%.
Top April Alerts:
4/1: 5.64 to 6.46 (+14% in 3 days)
4/2: 8.86 to 13.75 (+55% in 2 weeks)
4/9: 4.52 to 5.85 (+29% in 3 weeks)
4/10: 0.66 to 1.27 (+92% next day)
4/14: 1.35 to 1.71 (+26% in 1 week)
4/20: 1.20 to 1.38 (+15% same day)
4/27: 2.12 to 2.52 (+18% in 1 week)
Congratulations to everyone who benefited from these April moves.
This Week’s Alert
Monday’s alert opened at 2.12 and today reached a high of 2.52, a +18% move. It closed the day strong at 2.46, up +16%, which is often a constructive signal. We are continuing to monitor this opportunity closely for further upside.
Tuesday’s alert opened at 6.26 and we are watching this one closely for upside opportunity as it builds momentum.
Wednesday’s alert opened at 1.09 and we are continuing to watch as it positions for a breakout higher.
Friday’s alert opened at 1.24 and rallied to a high of 1.33, a +7% move, closing the day at 1.30. We are continuing to watch this one for a breakout above its key moving average for further upside.
A Quick Reminder
Our focus remains to alert opportunities with strong sustainable upside, but markets rarely move in a straight line.
Some alerts accelerate immediately, others develop gradually, and a few simply do not materialize.
Small cap stocks can be volatile, and that volatility is what creates opportunity.
To improve your odds of success, always trade with a plan.
Define your stop levels, set clear profit targets, and watch key technical signals such as moving averages, prior highs and lows, and open or close levels that may act as support or resistance.
Looking Ahead to Next Week
We are actively monitoring a list of NASDAQ and NYSE names right now.
A few are showing the type of early momentum and technical setup that has preceded some of our strongest alerts.
Once we have something that meets our standard and is worth your attention, we will send it to you.
Stay ready. New alerts are coming soon, and thank you for being part of the community.
To get all of our updates in real-time – Click hereto sign-up for free text alerts to your phone. (*We do not charge for this service, but standard carrier message and data rates may apply.)
Please make sure our emails are landing in your inbox, not spam, so you do not miss the alert.
All alerts are released only during normal market hours to ensure all subscribers get the same fair access and to avoid after-hours volatility.
See you soon!
SmallCapStocks Team
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The U.S. Interstate Highway System took 35 years to build. It stretches 48,000 miles, from Maine to California, with every on-ramp and overpass in between.
That’s enough asphalt to circle the globe nearly twice.
The total cost in today’s dollars? About $630 billion.
Now think about this… Big Tech is spending $725 billion on the artificial intelligence buildout.
And that’s just this year.
That’s such a gob-smacking amount of money, it’s hard to even wrap our brains around it.
To stack that much cash in $100 bills, you’d need 7,250 pallets. Laid end to end, that’s a line of money stretching from New York to Los Angeles and back – three times.
Now, Wall Street wants to know what they’re getting for all of that spending.
That’s why all eyes have been glued to the Big Tech reports this earnings season – especially the Magnificent Seven stocks.
So, in today’s Market 360, we’ll review three of them: Alphabet Inc. (GOOGL), Amazon.com, Inc. (AMZN) and Microsoft Corporation (MSFT). We’ll also see whether their AI spending is actually paying off.
Then, I’ll show you what this means for the next phase of the AI boom, and where the next investment opportunities are emerging.
Alphabet Beats – and Keeps Spending
Alphabet reported $5.11 earnings per share on $109.9 billion in revenue, crushing expectations on both counts.
The biggest standout was the Google Cloud unit, which reported $20.03 billion in revenue – up 63% from a year ago and well ahead of the $18.4 billion analysts expected. That is a clear sign that Alphabet’s AI investments are translating into real growth.
Investors noticed, sending shares up by about 10% yesterday.
However, that growth won’t come cheap. Alphabet raised its full-year spending outlook to between $180 billion and $190 billion. It also said that spending will rise “significantly” again through 2027.
Amazon Beats Big, but Gets Punished…
Next up, we have Amazon. The company reported $2.78 earnings per share on $181.5 billion in revenue in the first quarter, easily beating expectations for $1.62 earnings per share on $177.2 billion in revenue.
In other words, a massive beat.
AWS, its cloud business, generated $37.6 billion in revenue – up 28% year-over-year and its fastest growth rate in 15 quarters.
That should have been enough, but it wasn’t. Investors were looking for AWS growth closer to 30%.
But Amazon made it clear that it isn’t pulling back on spending, projecting nearly $200 billion in capex spending in 2026 alone – the same as previous projections.
Despite the stellar results, Amazon only rose about 1% on Thursday.
Nokia. BlackBerry. Motorola. All wiped out — not by a crash, but because a new technology made their old one irrelevant overnight. The same event is about to hit AI. A new government computer coming online this year could be trillions of times more powerful than today’s leading models — turning five-year breakthroughs into five-day breakthroughs. $1.1 billion money manager Louis Navellier has identified which stocks to sell before it happens — and the one ticker to buy before May 5th. Click here for the full details, free of charge.
Microsoft: Incredible AI Numbers, Terrible Reaction
And finally, we turn to Microsoft. It may have delivered the clearest proof yet that AI is driving real revenue – even if it came with a catch.
For its third quarter, the company reported $4.27 earnings per share on $82.89 billion in revenue, topping expectations for $4.04 and $81.46 billion.
Azure Cloud grew 40% year-over-year, ahead of the 38% analysts expected. Its AI segment generated $37 billion – up 123% year-over-year.
So, Microsoft is converting all that AI spending into meaningful revenue. But the company is still spending heavily to keep up.
But Microsoft told investors to expect $40 billion in capex next quarter alone, and $190 billion for all of 2026 – up sharply from an earlier estimate of $150 billion. Next quarter’s revenue guidance came in just below Wall Street’s consensus.
That combination of softer guidance and rising capex was enough to send Microsoft’s shares down 4% on Thursday.
Should You Buy These Stocks?
So, what did we learn from this week’s earnings?
AI demand is real, and these companies are seeing strong growth from it, thanks to their booming cloud revenues. But investors are clearly becoming fickle about the results.
They’re also nervous about all that AI spending – and for understandable reasons.
Big Tech has already spent about $1 trillion on AI infrastructure. Throw in the $725 billion from this year alone, plus the projected $3 trillion in future spending… it’s mind-boggling.
We’re talking about the largest collective investment in history.
So, is all this spending actually worth it? Only time will tell. But more importantly, the question is… should you buy these stocks today?
And if not, which stocks are more deserving of your money?
To answer that, I ran all three through my Stock Grader system (subscription required). As you can see in the table below, the results are mixed…
In the case of Amazon and Microsoft, strong revenue doesn’t automatically make a strong stock. Right now, my system is flagging real headwinds for both – and this earnings season helps explain why.
Alphabet earns a Total Grade of B, making it a “Strong” stock. If you own it, I’m not telling you to sell. But honestly, I think there’s more money to be made elsewhere…
The AI Boom Isn’t Slowing Down – but the Winners Are Changing
Let’s go back to that $725 billion number for a second. Think about it. Somebody is supplying all of that infrastructure.
The data centers. The servers. The cooling systems.
Those companies – the ones enabling the boom – are the real winners right now.
But there’s something else none of these earnings calls addressed.
There’s a ceiling on what today’s AI can actually do. Cloud revenue can grow 63%. AI segments can surge 123%. But the underlying technology powering all of these systems has a fundamental limitation that more spending alone won’t fix.
And if we want to really unleash the full potential of AI and do things that actually matter – cure diseases like cancer, build energy sources that never run out or answer some of the deepest questions about the universe – today’s AI simply isn’t going to get us there.
That’s where a new class of AI computing comes in.
Right now, it’s being built quietly behind the scenes to break through that ceiling.
That’s what I break down in my new AI Reset briefing.
In it, I’ll show you exactly which companies I believe are best positioned as this shift unfolds – including one that recently signed a deal with the Trump administration to build what could be the most powerful AI computing system ever assembled.
The AI cloud race is real. But the next race has already started. And it looks nothing like what you saw in this week’s earnings reports.
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