☕️ Two of my favorite stocks just inked a big new deal

Howdy! 👋 

The markets are up in early going but I think the rally is getting a little over stretched as traders try fruitlessly to front run a deal in Iran that doesn’t yet exist. I don’t think it’s unreasonable to expect a short-term pullback under the circumstances. 

Get your buy list ready for one simple reason. 

The markets are the only “store” on earth where people fear a sale. 

Here’s my playbook. 

1 – Where do markets go from here? 

Last April when most everyone was running in fear, I said point blank “buy.” 

I also expressly laid out an S&P 500 target of 7,500 – which the markets have achieved six months earlier than expected. 

What’s next? 

That’s the question the super sharp Stuart Varney put to me this morning ahead of today’s opening bell. We also touched on Palantir and Micron in case those two stocks are of interest. (Watch) 

2 – UPS just dropped $48 million into cold chain logistics 

Here's a data point most investors have never considered. 

As much as 50% of all vaccines are wasted globally every year because they "can't make the trip" – meaning they get spoiled before they arrive. As much as 20% of all drugs, too. 

Cold chain logistics play a huge role in that by – you guessed it – allowing suppliers to keep their goods chilled appropriately in temperature-controlled facilities around the world enroute to where they’re needed. 

UPS has recently decided to upgrade 27 of 'em with the goal of keeping GLP-1 drugs — Ozempic, Wegovy, you name it — cold, safe, and on time from factory to front door. The facilities span the Americas, Europe and Asia. (Read) 

Makes sense. 

As many as 1 in 8 people may be using GLP drugs in the United States at present while Morgan Stanley puts the global market at $190B by 2035 (which, btw, seems impossibly low to me). 

Bigger picture… and the one that interests me — the overall global cold chain logistics market was worth roughly $436.3 billion in 2025 and is expected to climb to $1.48 trillion by 2035. 

That’s according to Precedence Research but like many reports I see, I think low. 

Keith's Investing Tip: Every investable theme needs a backbone. Railroads didn't just move people — they moved everything that mattered afterward. I think we've got a similar situation on our hands. 

Hmmm. 🤔 

3 – The most immediate path to AI energy isn’t nukes 

I’ve long encouraged investors to think about energy as a continuum.  

Sure, it’s cool to talk about AI and nukes, but the far more immediate and profitable path is via natural gas – something I’ve been laser focused on for years. 

That’s why I could only grin ear to ear this morning when I read that Chevron is going to power a massive Microsoft data center in Texas with – you guessed it – natural gas. (Read) 

I love it.  

I’ve spent 4+ decades refining an investing framework focused on identifying companies making “must have” products and services because my research shows they tend to produce better results over time.  

This deal combines two of ‘em.  

You know what to do. 

Keith’s Investing Tip: Many investors flit from stock to stock, usually with predictable results. Yet, the top performers – and what I submit may be the best choices - are often right in front of ‘em, have rock solid track records, make ‘must have” products and services AND have super high TSY – True Shareholder Yields.  

If you don’t know what that is or what an advantage TSY represents, you may find One Bar Ahead® helpful – and dare I say it, profitable over time. 

4 – I disagreed with 99% of what he said, but I’ll still miss Alan Greenspan 

Former Fed Chair Alan “Irrational Exuberance” Greenspan died this morning at 100. (Read) 

He’ll be lauded as one of the longest-serving Fed Chair in modern history… four presidents from 1987 – 2006, Black Monday, the Dot Com Bubble, 9/11 and more. 

His tenure coincided with what economists called the "Great Moderation" — low inflation, rising markets, strong growth. The financial press loved him for it while Wall Street practically made him a saint. 

I didn’t buy it back then and still don’t now. 

Greenspan lit the fuel for the Global Financial Crisis in 2008 by stripping away the safeguards that led to the single greatest economic collapse since the Great Depression. He did, to his credit, eventually admit he was wrong about self-regulation but that’s moot. 

His legacy is something that still plagues Wall Street today. 

Every distortion Greenspan introduced — the "Greenspan put," cheap money as a policy tool, the idea that markets will always self-correct — those became foundation for today’s financial system. 

The Fed's current addiction to rate manipulation, the moral hazard baked into every bailout since, the reflexive reach for liquidity every time markets hiccup — Greenspan built the entire template. 

You cannot understand why interest rates work the way they do today, why the Fed is perpetually trapped, or why asset bubbles keep forming and bursting on a shorter and shorter cycle without understanding what Greenspan did and chose not to do. 

Call it expensive tuition for a lesson nobody asked him to deliver but he did anyway. 

Financial alchemy never ends well, but – love him or hate him - newly seated Fed Chair Kevin Warsh seems to have an inkling that he ought to try to right a few wrongs. 

Still and with the utmost respect, rest in peace, Mr. Chairman.  

Keith's Investing Tip: The most dangerous Fed policies are the ones that feel like they're working — right up until they don't. So, invest in companies that don’t depend on ‘em! 

5 – SpaceX tumbles, should you buy? 

I’ve made no bones about the fact that I think that there’s a good chance SpaceX is going to correct by 20-40% within 12 months after IPOing. 

Shares are down in the early going. 

Should you buy it? 

I submit that’s the wrong question. 

Flip that around. 

Ask yourself why wouldn’t or shouldn’t you? 

If the answer comes down to price, that’s a tactical consideration. 

If the answer is something else and still a big fat “no”… I respect that. 

Meanwhile, I know what I’ll be doing (and no, I am not remotely worried about price). 

You? 

Bottom Line 

People playing for pennies at moments in time usually lose out to those playing for dollars over time. 

Now and as always, let's MAKE it a great day and start the week strong. 💯 

You got this — I promise! 

Keith 😀