Editor’s Note: Former tech executive and angel investor Jeff Brown — picked Bitcoin before it jumped as high as 52,400%, Tesla before it jumped as high as 2,150%, and Nvidia before it jumped as high as 32,000%. Today, he’ll show you how to claim a stake in Elon Musk’s upcoming IPO — BEFORE the company goes public. Click here to see the details or read more below.
– Stephen Prior, Publisher
I Was Right About SpaceX
Dear Reader,
Over the past few weeks, I’ve been urging my readers to claim their stake in what I believe to be the biggest IPO of the decade.
And I’m glad I did.
Because over the last 21 days, three critical events happened in rapid succession:
✓ March 17th: SpaceX crossed 10,000 active satellites in orbit.
The estimated threshold for offering full service to most of the globe.
Two-thirds of every satellite circling Earth now belongs to ONE company.
✓ April 1st: Elon filed the confidential IPO paperwork with the SEC.
The public filing could drop any day now. And when it does, the stampede begins.
✓ April 6th: Another rocket launched carrying 25 more satellites.
Proving SpaceX isn’t slowing down.
They’re accelerating. Building the network that will become the world’s first global internet carrier.
SpaceX just hit every technical milestone it needed to justify going public.
Everything I predicted is happening… right on schedule.
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If you don’t recognize my name, I’m Katie Schaeffer, daughter of Bernie Schaeffer and COO here at Schaeffer’s Investment Research.
I wanted to personally reach out before I head to lunch, to share a few things with you.
Let’s start with what we’re heading into this week…
Stocks are hovering near record highs, driven largely by continued AI and mega-cap tech strength.
Inflation data this week is the market’s biggest focus, with traders watching closely for clues to future Fed rate cuts. First release is tomorrow at 8:30AM
Volatility risks remain elevated from geopolitical tensions and rising oil prices, even as overall market sentiment remains bullish.
Now, if you’ve tried to buy calls and puts to speculate on a stock’s direction, you may have found it sounds much easier than it really is.
And in a market like we’ve seen in the first half of the year, it has proven to be even harder. But not to worry… there’s nothing wrong with you.
Many traders have felt this way and experienced similar struggles, BUT I’m here to tell you… there are ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts… no matter the direction of the market.
In addition to that, making triple-digit gains.
Sounds too good to be true? Well, to a lot of traders, yes… but not to members of Vertical Options Trader.
You see, a few years ago we accepted a handful of selected options traders into our service created around this idea of “little to no risk and maximum reward.”
And the results were better than expected. Proving one thing…
As you may know, my father, Bernie Schaeffer, has over four decades of personalexperience trading the options market… seeing, and trading different market trends and variations…
That’s why he’s the best at what he does. He knows how to pivot and move seamlessly through any market.
And at a time when it was most needed, we deployed Vertical Options Trader built around a lesser-known trading strategy.
Here’s how it works…
Whether an underlying stock price is trending down or trending upwards, this strategy is set so you profit big regardless.
In theory, it doesn’t matter precisely where the strike price is relative to the underlying stock, providing that the options that you write are cheaper than those that you buy.
If the contracts you have bought expire out of the money and are worthless then the contracts you have written will be worthless as well.
Making sure your losses are limited… regardless of which way the price of the underlying stock moves.
So, your loss will simply be the difference between the money you invested in buying and the money you recouped through selling, your losses cannot be a dime higher than that.
The ideal scenario that we optimize for Vertical Options Trader is that the underlying stock moves only moderately in price.
Given the nature of the spread, the contracts you own may increase in value and enable you to make a profit while the contracts you have written never make it in the money and expire worthless: meaning you effectively profit on both aspects of the trade.
Do you see how this could be a game changer for how you trade options…
With Vertical Options Trader, you’re entitled to at most 5 profit-primed trade recommendations each month, and each recommendation will hit your email on the third Friday of each month.
All of that, for an entire year, costs current traders $1,995.
But because you’re reading this right now, the price has dropped down to only $95.
AND…
BONUS GIFT
This is not just a 12-month subscription.
I wanted to do something to make this offer truly special for you… so, I’d like to offer you LIFETIME access to Vertical Options Trader.
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Does Cheesecake Factory Stock Have Any Upside Left on the Menu?
Written by Jennifer Ryan Woods. Article Published: 4/27/2026.
Key Points
Cheesecake Factory shares have rallied more than 25% year to date, but with the stock trading near the average analyst price target of around $62, there may be limited upside from current levels.
The company has delivered strong performance despite industry headwinds, reporting record revenue, margin expansion, and unit growth in 2025 while also beating fourth-quarter earnings and revenue expectations.
The upcoming earnings report could act as a catalyst if results exceed expectations and shift analyst estimates, but without a meaningful surprise, the stock may remain range-bound.
The stock hit an all-time intraday high near $70 in July before falling into the $40s by November, as investors grew concerned about consumer traffic in a softer macro environment and a highly competitive landscape.
Since then, shares have been edging higher. Over the five-month period between Nov. 24 and April 24, the stock is up more than 37% and is now trading just under $62.
The casual-dining company’s resilience amid broader industry pressures appears to have supported the recent rally.
When Cheesecake Factory reports first-quarter results on Wednesday, investors will be watching to see how the company continues to manage that backdrop.
Consumer Sentiment, Costs, and Weather Have Pressured Restaurants
The restaurant industry has been facing several headwinds. Softer consumer sentiment has weighed on traffic, rising food and labor costs have pressured margins, and weather-related disruptions have been a drag on sales.
But Cheesecake Factory has done a solid job navigating those challenges. In 2025, the company reported record annual revenue, delivered margin expansion, and grew its unit base by about 7% with the addition of 25 new restaurants.
In the company’s fourth-quarter earnings report released Feb. 18, it reported earnings of $1 per share, down from $1.04 a year earlier but 2 cents above Wall Street estimates. Revenue of about $962 million rose more than 4% year over year and topped expectations by nearly $13 million.
Strong Execution Helped Offset Industry Pressures
In a press release announcing the Q4 results, Chief Executive David Overton addressed the difficult backdrop, saying, “Despite a more challenging operating environment across the restaurant industry, including weather-related impacts, revenue for the quarter finished within our expected range.”
He added that resilience and strong operating execution helped margins and adjusted diluted earnings per share reach the higher end of expectations. “Our operators remained focused on the factors within their control, delivering year-over-year improvements in labor productivity, wage management, hourly staff and manager retention, and guest satisfaction,” he said.
Looking ahead, the company said it anticipates first-quarter revenue of $955 million to $970 million. The outlook includes about a 1% weather-related impact and the closure of four restaurants in January. It expects adjusted net income margin to be about 5% at the midpoint of that range. The company also announced an increase to its dividend and expanded its share repurchase program for the quarter.
For 2026, Cheesecake Factory said it expects total revenue of around $3.9 billion at the midpoint, with net income margin also around 5%. The company plans to open up to 26 new restaurants, with the majority slated for the second half of the year.
Price Targets Suggest Limited Upside
Shares of Cheesecake Factory, which had risen roughly 9% ahead of the Q4 report on Feb. 18, fell about 3% in the session following its release.
At current levels, expectations point to limited upside or downside over the next year. The average 12-month price targetfor the stock is $62, which is 0.5% below the current price. Based on the targets issued over the past year, expectations range from about $50 to $75.
The consensus rating on the stock is Hold. Of the 17 analysts covering Cheesecake Factory, four rate it a Sell, seven rate it a Hold, and six rate it a Buy.
From a valuation standpoint, the stock, which is trading at a price-to-earnings (P/E) ratio of around 21X, is slightly higher than BJ’s Restaurants, which is trading at a P/E of roughly 18X. It is roughly in line with Darden Restaurants, which is trading at about 21X. Bloomin’ Brands is trading at a significantly higher multiple of around 60X, while Cracker Barrel does not have an applicable P/E ratio, reflecting its lack of recent profitability.
Upcoming Earnings Could Be a Catalyst
If Q1 results come in stronger than expected, shares could move higher, particularly if they are driven by improved sales trends or better-than-expected margins, which could prompt analysts to revisit their estimates and price targets.
At the same time, increased pressure on traffic, a more cautious consumer, or higher costs could have the opposite effect. Absent any meaningful surprises, the stock may continue to trade within a similar range.
Cheesecake Factory has delivered solid execution in a difficult operating environment, which has helped fuel a strong rebound in the stock. But with shares now trading near consensus price targets, much of that progress appears to be reflected in the stock. Unless the company delivers a meaningful upside surprise, it may struggle to move significantly higher from current levels.
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That’s the best investment strategy in America today.
Backing him on Tesla would have made you 30,000%… being part of his “PayPal Mafia” crew in the 90s would have turned you into a millionaire… and his SpaceX IPO is set to make insiders as much as 2-million percent.
Now you have the chance to back Elon on what could be his biggest venture yet…
See, he’s coming for one of the most lucrative markets on the planet…
Look, I recommended Palantir Technologies before it rose 1,200%… AMD in 2015 before it soared 13,500%… And Nvidia well before it was the most valuable AI company on the planet…
But this could be bigger than all of those.
If Elon gets just a fraction of his 550 million X.com users to sign up, he’ll be in charge of America’s biggest bank overnight.
It will be the biggest change to banking in this country we’ve seen in half a century…
In the blink of an eye, Elon will seize power from Wall Street and the Federal Reserve.
So… whether you make an account with Elon’s bank or not, this has big consequences for your money.
Seth here, CEO of The Babylon Bee. This is an automated message that gets sent to everyone who is on our email list – whether you signed up or someone signed you up. And to be honest, I didn’t even write it. CEOs don’t have time to write emails. But I did tell somebody to write it, so you are actually hearing from me, albeit indirectly.
Anyway, enough with the pleasantries. You are here for fake news you can trust, and that’s exactly what you’re going to get. Just don’t forget to add us as a contact so we land in your inbox.
Hatred of the Jewish people is nothing new. It has been around for thousands of years. But today it has broken into the open in a new way, and that requires a response from us. Those of us who love God, believe His promises, and love His Chosen People must not stand by silently in this hour of danger. We must act. We have received a generous matching gift challenge that will double your gift to help twice as many people—so please be as generous as you can when you send your gift today.
The situation is urgent. So many people have lost homes, family members, and even everything they owned in the missile attacks. I’m thinking about families like the Cohens. They buried six family members on the day their son was supposed to have his bar mitzvah. We helped them with the medical bills, buying clothing, and more, and they were so grateful. But there are so many others in urgent need.
The people of Israel are suffering greatly right now, and while they need our prayers, they also need our help. Together we are answering the command of God, “Comfort ye My people.” Together we are telling, and more importantly showing, the people of Israel that they are not alone. Please send your most generous gift today and share this with everyone you know.
Your support of the Friends of Zion today allows us to comfort the people of Israel who have survived the terrorist attacks, minister to the families of the hostages, continue to purchase and deliver food, medicine, clothing, and other necessities of life for the poor Holocaust survivors and refugees of Ukraine, continue to operate the Friends of Zion Museum, and to meet urgent humanitarian needs among the poor Jewish people living in Israel. Thank you so much for being part of this vital worldwide prayer movement.
When news broke of a Hantavirus outbreak on a cruise ship, the market’s response was immediate and dramatic. Biotech and pharmaceutical stocks jumped as investors scrambled to…
Markets are getting squeezed from two directions this morning, and neither one offers much comfort. Stock futures opened lower as investors digested the US rejection of Iran’s response…
Apple. Microsoft. Nvidia. Amazon. They converted nearly a trillion dollars out of cash and into something else. Louis Navellier has tracked this pattern for 47 years. He says it’s the most important financial signal most Americans are missing entirely.
When Beazer Homes shares jumped 24% to $23. 20 in premarket trading Monday following Dream Finders’ $704 million acquisition bid, the market sent a clear signal. This deal…
For years, we’ve been told SpaceX is a rocket company. But according to new satellite images from 300 miles above the Earth’s surface, there is something very strange going on at SpaceX right now that has nothing to do with space. It could soon replace our need for foreign oil forever and ignite a $10 trillion boom for the stocks involved.
Cardano’s collapse tells you everything you need to know about the brutal reality of cryptocurrency investing. Back in 2021, when it hit $3. 10, everyone was convinced this was the…
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While buy-and-hold investors and retirees watched their portfolios get slashed by half during the 2008 financial crisis…
Larry Benedict made $95 million for his private clients.
Same year and same market.
But wildly opposite results.
Over the last 40 years, Larry has tested and perfected that core strategy through well over 10,000 trading sessions.
And it’s still working like gangbusters today.
In the last six months alone…
Larry has delivered 49 winners on 54 trades. That’s a 91% win rate. And 31 of those winners each paid more in a single day than the S&P 500 typically delivers in an entire year.
Same method. Same ticker. Same simple trade.
That’s not a lucky streak; that’s a repeatable profit-targeting system anyone can learn.
Larry revealed how it works during an exclusive strategy session last Thursday.
Lauren Wingfield Managing Editor, The Opportunistic Trader
P.S. Some of Larry’s readers are already using the system and reporting big wins:
“First 26 trading days, and my profit is now up to $52,014. My profit rate so far is more than four times my maximum salary when I was working 40 to 80 hours per week.” – Richard H.*
*The investment results described in these testimonials are not typical; investing in securities carries a high degree of risk; you may lose some or all of the investment.
Editor’s Note: On the eve of America’s 250th anniversary, Porter believes we are standing on the threshold of a new 1776 moment.
A convergence of forces across the three domains that dictate almost every aspect of your life: Economics. Technology. Politics. An event that he says could trigger the greatest transfer of wealth in American history.
In their interview, Porter and Luke Lango explored America’s New 1776 Moment in full detail – including the stocks to buy and sell ahead of what could be one of the most transformative periods in American history, for the good and the bad.
Now, Porter has asked Luke to take the reins with a series of guest essays that will explore this phenomenon in more detail and provide further depth on some of the concepts they didn’t have time to explore.
Below, you’ll find the first essay from Luke and if you haven’t seen their interview yet, you can watch it by clicking here.
From The Desk of Luke Lango:
The Great Decoupling: How AI Is Breaking The Engine of Human Labor
If you’re still operating under the comforting delusion that artificial intelligence is just a high-tech version of a Swiss Army knife – a handy tool to help you draft a “per my last email” response or generate a picture of a cat in a tuxedo – I have some very expensive news for you.
We aren’t just looking at a “productivity tool.” We are witnessing the Great Decoupling.
For the last 250 years, ever since the founding of our great nation in 1776, the global economy has functioned on a very simple, linear equation: Human Cognition + Time = Economic Value. If you wanted to build a bridge, write a legal brief, or design a semiconductor, you needed to rent a human brain. That brain was the bottleneck. It was expensive, it required eight hours of sleep, it had “feelings,” and it occasionally went on strike.
Those were the rules of the old game.
But those rules are now changing.
Today, that equation no longer includes the human part. We are entering an era where productivity can scale toward infinity while human involvement scales toward zero. This isn’t just “automation” 2.0. This is a total labor replacement engine.
And it has massive investment, economic, and societal implications.
Today, that equation no longer includes the human part. We are entering an era where productivity can scale toward infinity while human involvement scales toward zero. This isn’t just “automation” 2.0; this is a total labor replacement engine.
And it has massive investment, economic, and societal implications.
The End of the “Brain-Power” Monopoly
Historians like to talk about the “Great Divergence” when the West pulled away from the rest of the world. But we are now entering the Great Disconnect.
In 1776, the steam engine decoupled industrial power from muscle. It meant you no longer needed 500 horses or 1,000 peasants to move a mountain. You just needed a few tons of coal and a James Watt engine. This shifted the “value” of the human being from their back to their brain. We became a “knowledge economy.” We told our children that as long as they were smart, went to college, and learned to think, they would always have a seat at the table.
AI has just evicted us from that table.
What we are seeing with models like OpenAI’s Codex or Google’s Gemini or Claude Cowork isn’t just “better software.” It is Recursive Reasoning. These systems aren’t just “predicting the next word.” They are thinking through problems, checking their own work, and iterating. When an AI can solve a 50-year-old biological protein-folding mystery in a weekend – a task that would have taken a thousand PhDs their entire lives – the “value” of those PhDs just hit an air pocket.
When cognition becomes a commodity that can be downloaded for $20 a month, the “Knowledge Class” – the lawyers, the accountants, the junior analysts, and the coders – becomes the new “Useless Class.”
The “Engels’ Pause” 2.0: Profits Without People
Here is the smartly sarcastic reality of the modern corporate boardroom: Your CEO doesn’t want to hire you. They never did. They hired you because they had to. You were a necessary evil – a biological requirement for profit.
Now, look at the math.
In the first half of the 19th century, during the Industrial Revolution, we saw a phenomenon called Engels’ Pause. It was a 50-year window where the economy grew at record rates, corporate profits doubled, and the stock market soared – but wages for the average worker stayed flat or declined. Why? Because the technology (the power loom, the steam engine) was doing the heavy lifting, and the owners of that technology captured 100% of the gains.
We are entering Engels’ Pause 2.0, and this time, it’s on steroids. Just like everything else these days – it is bigger and moving faster than ever before.
Currently, corporate profits as a share of GDP are at record highs, while labor’s share of the pie has cratered to levels not seen since the Gilded Age. We are seeing “Jobless Growth.” Companies are hitting record valuations with fewer employees than ever before. Instagram had 13 employees when it was bought for $1 billion. Today, AI-native startups are aiming for $100 billion valuations with a headcount you can figure on two hands.
If you think a “Universal Basic Income” or a government handout is going to bridge this gap, you’re missing the point. The wealth is being concentrated in the Physical Layer and the Compute Layer. It’s being captured by the entities that own the data centers, the energy sources, and the silicon.
Not the laborers.
The Fallacy Of “Augmentation”
The mainstream media loves the word “augmentation.” They’ll tell you that AI won’t replace you; it will just make you “more efficient.”
Let’s be honest: “efficiency” is just a corporate euphemism for “we used to need five of you, and now we only need one.”
If AI makes a lawyer five times more efficient, the world doesn’t suddenly need five times more legal briefs. It just needs 80% fewer lawyers. This is the Arithmetic of Obsolescence.
We are seeing this play out in real-time across the S&P 500.
Companies that built their entire business model on being “toll booths” for human knowledge are being bypassed. Just look at software stocks. They’ve been crushed this year. And with good reason. Why would a company pay millions to a consulting firm or a software firm for a market analysis when they can run a sovereign AI model on their own private data for the cost of the electricity used to power the server?
This is why you’re seeing “The Great Purge” in Silicon Valley and Wall Street. It’s not a “recession.” It’s a restructuring. The labor-replacement engine has been turned on, and it doesn’t have a “stop” button.
The New Wealth Equation: Energy And Compute
In the Old World, you invested in “people companies” – banks, service providers, retailers. In the New World of the Great Decoupling, you must invest in The Infrastructure of Intelligence.
The intelligence explosion is fundamentally a physics problem. It requires two things in massive, almost incomprehensible quantities: Compute and Energy.
Every time someone asks a “thinking” AI model a question, it consumes an order of magnitude more electricity than a standard Google search. By 2030, AI data centers could consume as much power as the entire country of Germany. This is why the smartest money on the planet – the people like Ken Griffin and the massive sovereign wealth funds – are stopping at nothing to lock up energy assets.
They aren’t buying “app” companies. They are buying natural gas. They are buying the “New OPEC” of chips. They are buying the land and the transformers.
Because in a world where human labor is decoupled from wealth, the only things that matter are the things that power the machines. If you own the electricity and you own the silicon, you own the future. If you own a “resume” and a “specialized skill set,” you own a relic.
The Smartly Sarcastic Truth About The “Future Of Work”
We are told to “reskill” and “upskill.” But let’s be real: how do you “out-skill” a recursive algorithm that updates itself every 15 milliseconds? You don’t. Compete all you want. You will lose.
The idea that we are all going to become “AI Prompt Engineers” is the modern equivalent of telling the 19th-century blacksmith that he should just become a “Steam Engine Whisperer.” Sure, a few people will do it. But most of the blacksmiths just went out of business.
The Great Decoupling is cold, it is efficient, and it is entirely indifferent to your feelings about “meaningful work.” The machine doesn’t care about your work-life balance. It doesn’t care about your DEI initiatives. It only cares about the cost per flop and the kilowatt-hour.
This is why the Technological Republic (Palantir CEO Alex Karp’s vision for a new economic model that replaces free-market capitalism with a partnership between the public and private sectors to prioritize critical technological growth) is so vital.
Our current administration is fully embracing this mindset. The big investment in Intel… and MP Materials… and Lithium Americas… and Trilogy Metals… all companies mission-critical to the AI infrastructure buildout. The $500 billion Project Stargate to build new AI datacenters. The massive Genesis Mission to unlock U.S. energy resources for AI.
All of these moves are unprecedented. And all of these moves point to the U.S. government embracing the Technological Republic idea.
The government knows that the Great Decoupling is going to create a massive “Useless Class.” Their solution isn’t to stop the technology—that would mean losing to China. Their solution is to speed it up and ensure the United States owns the most powerful “replacement engine” on the planet.
Better us than them, they figure.
And on that point, the government may actually be right.
How To Position Your Capital
If you’re waiting for the “labor market” to bounce back, you’re waiting for a ship that has already sunk. The opportunity today lies in moving your capital from the Victims of Decoupling to the Enablers of Decoupling.
You need to sell the “Knowledge Toll-Booths”—the companies that sell human time and expertise. You need to buy the “Intelligence Utilities”—the companies that provide the raw materials for the silicon mind.
We are talking about:
Natural Gas: The only fuel capable of meeting the immediate, monstrous demand of the AI data centers.
Sovereign Infrastructure: The companies building the “Stargate” and “Genesis” projects that the government is backing with billions.
Advanced Compute: Not just the chips, but the cooling systems and the power management hardware that prevents the “brain” from melting.
The Great Decoupling is the most significant economic event of our lives. It is the end of the “Human Century” and the beginning of the “Intelligence Century.” You can either be the labor that is being replaced, or the capitalist who owns the replacement.
Which is why, just weeks ago, I sat down with the legendary Porter Stansberry for the first time ever to dive deep into this topic.
We’re calling it the “New 1776 Moment” because, frankly, there hasn’t been any economic, social, or political event this monumental since 1776.
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