Dog With Apple... P'nut (the squirrel)... CHILLGUY

Porter's Journal Issue #39, Volume #1

Author

Porter Stansberry
December 09, 2024

How my 18 year-old son made $100,000 in one day last month

This is Porter & Co.’s free daily e-letter, with an essay today from editorial director Kim Iskyan. Paid-up members can access their subscriber materials, including our latest recommendations and our “3 Best Buys” for our different portfolios, by going here.

Table of Contents

Three Things You Need To Know Now:

1. How sweet it is. Hershey (NYSE: HSY) is up more than 15% on buyout rumors. Good things happen when you buy great businesses at fair prices! But, we don’t expect a deal because the state of Pennsylvania has always opposed allowing the trust that owns the controlling interest to sell.

2. Inflation probably fell slightly. This week the U.S. Bureau of Labor Statistics releases two key inflation reports: November’s consumer price index (“CPI”) on Wednesday and producer price index (“PPI”) on Thursday. After fractional increases month over month for October, the figures are likely to come in flat or slightly down, supporting the likelihood of a Fed rate cut at its next meeting on December 17 and 18... currently there is an 86% chance of a 25-basis-point cut.

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