Louis Navellier is one of Wall Street's renowned growth investment advisors. He is the founder and chairman of Navellier & Associates, a money management firm. Mr. Navellier specializes in behavioral finance and utilizes extensive quantitative and fundamental analysis to identify market-beating stocks. He is the editor of five investing newsletters which are published through InvestorPlace, which include Growth Investor and Breakthrough Stocks (Formerly known as MPT Review). Mr. Navellier has made his proven formula accessible to investors via his online stock rating tool, PortfolioGrader.com, and The Little Book That Makes You Rich.
Inflation is staying at 40-year highs; here’s an overview of what to do, explains Louis Navellier, editor of Navellier Growth — and a participant in The MoneyShow Las Vegas on May 9-11.
I’ll be blunt: The Consumer Price Index (CPI) and Producer Price Index (PPI) reports for February were horrific, cautions Louis Navellier, editor of Navellier Growth— and a participant in The Interactive MoneyShow Virtual Expo on March 22-24. Register here for free.
The dollar was weak until a couple months ago and now it’s at a high and so when the dollar gets strong, it hurts the multinationals and you’ve got to be more domestic and so there’s a little seismic shift, explains Louis Navellier, founder and chairman of Navellier & Associates. Here are excerpts from a panel discussion at the Las Vegas MoneyShow covering mid-term election stock picks.
The rich may be getting richer and the poor may be getting poorer, but with the election and fiscal cliff past us, we can start to grow and prosper again, says Louis Navellier.
The Biden Administration tried to manipulate crude oil prices by releasing 1 million barrels per day from the Strategic Petroleum Reserve (SPR), but now that the SPR has been depleted to the lowest level since 1980, the administration has to stop draining the SPR. Furthermore, OPEC+ is cutting production, which is setting up energy stocks for a massive rally in the spring when seasonal demand increases. Europe is striving to break away from Russia's energy and has yet to lock up sufficient supply for 2023. The G-20 meeting in Indonesia revealed that international tension remains acute and that Russia has created havoc around the world as well as increasing the risk of World War III breaking out. Domestically, the aftermath of the mid-term elections is expected to have monumental consequences for 2023 and beyond that should be very positive for the domestic energy industry.
Crude oil prices were manipulated by the Biden Administration for much of 2022 after releasing one million barrels a day from the Strategic Petroleum Reserve (SPR) for several months, however now that the SPR is falling below levels not seen since 1980, the Biden Administration is expected to stop releasing crude oil from the SPR sometime after the midterm elections. OPEC+ just implemented a production cut to boost crude oil prices. Furthermore, Europe is still struggling to lock up alternative crude oil and natural gas supplies for 2023, since it is breaking away from Russia as an energy supplier. The Biden Administration is issuing the fewest drilling permits since the 1970s during the Nixon Administration, so new US fields are scarce. At the end of 2021, fossil fuel consumption represented 81% of global energy production, down from 82% a decade earlier. Due to Europe, China, and India burning more coal in 2022, fossil fuel consumption is now rising again as green energy solutions have proven to be less reliable for electricity generation.
The federal funds rate is now 3% and the Fed is now "neutral" with market rates (based on Treasury yields) and Louis expects that the Fed will be "data dependent" moving forward. The core rate of inflation has been falling every month since March. Louis expects big inflation declines in September and October, since a year ago, there were big inflation spikes, so the trailing 12-month inflation rate is expected to continue to decline as those monthly inflation spikes disappear from the government's annual calculations. Energy prices remain elevated as most of Europe strives to break away from Russian energy, but Louis is recommending many energy, fertilizer, food, and shipping stocks that are still profiting from inflation. Naturally, Louis will reveal his best A-rated stocks during the presentation.
Inflation Continues to Cool and We Believe September 21 Will be the Fed's Last Key Interest Rate Hike
September and October will bring a big deceleration in inflation, partially because inflation was soaring a year ago, so the 12-month cumulative average will decelerate as those months are remove from the annual inflation calculation. Additionally, crude oil prices typically decline in the fall as seasonal demand drops. Natural gas prices also tend to cool in the fall, but due to record LNG exports, natural gas prices will remain artificially high. Interestingly, despite moderating energy prices, energy stocks will have the strongest earnings for two more quarters due to easy year over year comparisons. Analysts are cutting earnings and investors must be especially careful moving forward. Louis will reveal his highest-rated stocks.
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