When You’re Right, You’re Right

Hey Influence Traders,

It’s been a wild week  — some good  — some bad.

Biden, tech companies, supply chains and sneaky, tax-dodging, real estate-purchasing billionaires are having a bad week.

Vaccines and debt ceiling talks are doing well.

Bill Griffo made a compelling case for Uranium yesterday, and I’m going to give you a few more reasons why he’s right.

I’m also going to tell you why trading guru Andrew Giovinazzi was right to stick with this name

Plus you can join Mark live in the Big Money Flow Show today at 11 a.m. EST with this link.

Let’s go deep.

The Bad

      • You know a Democrat president is on the ropes when a New York Times opinion writer questions the ethics of his presidency.

The Times called out Biden‘s lack of truthfulness around the Afghanistan withdrawal and the handling of Hunter Biden emails.

Hell hath frozen over!

      • Facebook’s (Ticker: FB) shutdown allegedly cost the company $100mm dollars.

On top of that, a whistleblower testifying against the company on the Hill has folks calling for FB’s permanent shutdown.

      • Cargo ships continue to back up furthering supply chains issues — time to again go long toilet paper.

      • The Pandora Papers leaked millions of confidential documents exposing how billionaires and political leaders all over the world hide their wealth (apparently, it’s good to be Putin’s mistress – think multi-million-dollar penthouse in Monaco).

Vaccines

      • Pfizer (Ticker: PFE) has asked the FDA to authorize it COVID vaccine for kids ages 5 to 11, which would open up another 28 million single dose opportunities for the company. 

The FDA has scheduled a meeting for Oct. 26 to consider the request, and has indicated that it would issue a ruling between Halloween and Thanksgiving.

      • And a new vaccine for an old foe comes to market.

Malaria is one of the oldest and deadliest infectious diseases.

It kills about 500,000 people a year, including 260,000 children under 5.

A new GlaxoSmithKline (Ticker: GSK) vaccine has been approved that stimulates a child’s immune system to thwart Plasmodium falciparum, the deadliest of five malaria pathogens.

It’s expected to save tens of thousands of lives.

Spending Bill

There has been movement on the spending bills and the debt ceiling … thanks to Mitch McConnell going spineless.

Dem spoiler Joe Manchin backed off his $1.5 trillion reconciliation bill ceiling, indicating that he could go as high as $2.2 trillion.

His final vote will depend on what’s in the bill and he made clear to reporters that he doesn’t want “to change our whole society to an entitlement mentality.”

Unfortunately, changing the fabric of society is the goal of the progressive wing, so the saga continues.

Debt Ceiling

Mitch McConnell submitted a proposal to Dem leaders to raise the debt limit for two months to avoid a potential economic crisis.

Chuck Schumer announced this morning that they would accept the proposal to defer but not resolve the debt ceiling impasse.

Senators could vote on the deal as soon as Thursday.

Some senators described the agreement as “a temporary victory.”

Elizabeth Warren was more blunt, stating, “McConnell caved … and now we’re going to spend our time doing child care, health care and fighting climate change.”

(SEE PRIOR COMMENT ON REARRANGING THE FABRIC OF SOCIETY!)

Griff’s Picks

Bill Griffo made a compelling case for Uranium yesterday. Let me give you a few more reasons why he’s right.

Alternative energy sources are on the rise, and nuclear has to be a key component to move away from fossil fuels. 

Oil has jumped to its highest price since 2014. 

OPEC and Russia are not intending to increase supply as they don’t want to lower prices even as demand is skyrocketing.

Even if they did increase supply, the global supply crisis will not allow the sufficient delivery of oil to many parts of the world.

That is going to put further pressure on supply as the US will show little appetite to approve more production.

The recent pipeline failure in California that caused 126,000 gallons of oil to spill into the Pacific spoiling some popular beaches has folks up in arms.

California was once a major oil-producing state.

The spill has prompted fresh calls for a permanent end to offshore oil production.

The Biden administration on Wednesday announced proposed changes to the National Environmental Policy Act that would require the federal government to evaluate the climate change impacts of major new projects as part of the permitting process, like mines, pipelines, dams and highways.

It will be interesting to see how those new regs fit in with the infrastructure bill that aims to improve such projects across the States.

But fossil fuels are being taken down and alts need to step up – HELLO URANIUM!

Insight Leads to Capitol Gains

Last month, the UK government cancelled a contract with Palantir (Ticker: PLTR) regarding its national health database after privacy groups criticized the firm for lack of transparency.

The market reacted negatively to that story as it called PLTR’s tech into question.

Andrew and I dug into the details:

      • It was a relatively small contract that had little impact on PLTR’s bottom line.
      • The decision seemed to be politically motivated (think, Orange Man bad) and had nothing to do with PLTR’s business model.
      • We knew that PLTR had a solid pipeline.
      • Andrew liked the structure of some of the potential trades.

We decided to stick with PLTR.

This week, PLTR had a nice pop when it was announced that it was awarded a new US Army contract.

The contract, worth $823 million, will see PLTR roll out its Gotham Platform to users worldwide to create an intelligence data fabric.

Regardless of what’s happening in DC or elsewhere, trading guru Andrew Giovinazzi makes #Powermoves in the Capitol Gains portfolio.

Cutting Through the Noise for You.

Frank

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