The stock market is on a tear, with the Dow recently pushing to new all-time highs. But behind this euphoric rally, dark clouds are gathering. The Federal Reserve's recent rate cut is seen as a sign of weakness, not strength. Inflation is still a major concern. And to make matters worse, the liberals are gearing up for an all-out assault on one of the most effective ways that companies return value to their shareholders: stock buybacks.
You read that right. Folks like Robert Reich, the former Labor Secretary under President Clinton, are already beating the drum for a ban on stock buybacks. Their argument? Corporations are “greedy” for sharing their profits with shareholders instead of handing out raises and hiring more workers. It's a classic socialist tactic: punish success and demonize those who create wealth.
This isn't just some fringe idea either. Kamala Harris has already signaled her support for a 4% tax on stock buybacks, which would effectively skim billions of dollars away from everyday investors.
Now, I know most of the readers of “Today's Top Stocks” already understand how rigged the system is. But this attack on stock buybacks is truly dangerous. It could cripple the stock market and slash the value of millions of Americans' retirement accounts.
That's why, this week, we're highlighting two contrarian stocks currently in the crosshairs of the liberals. Don't wait until it's too late. Buy these stocks now – before their value is destroyed by government overreach.
Microsoft (MSFT): A Buyback Powerhouse Under Attack
Microsoft is one of the most successful companies in history. It has generated billions of dollars in profits over the years – and it has returned much of that wealth to its shareholders through massive stock buybacks. For example, just this week, despite the political threats, Microsoft announced a new $60 billion stock buyback program.
As my colleague Ian Wyatt pointed out, “The profits of a company belong to the rightful owners of the company (aka “the shareholders.”)” I couldn't agree more! To suggest that corporations are somehow obligated to direct their profits according to the whims of liberal bureaucrats is not only absurd, but dangerous. Full article.
Microsoft's management team clearly understands the importance of stock buybacks. By reducing the number of shares outstanding, buybacks increase earnings per share and boost the value of existing shares. This strategy has helped make Microsoft one of the top-performing stocks in the S&P 500, rewarding millions of investors with incredible returns.
Don't let the government destroy this wealth-generating machine. Buy Microsoft now – before the liberals get their way.
Marathon Digital Holdings (MARA): Bet on Bitcoin – Before They Ban It
Marathon Digital Holdings is a Bitcoin mining company. Now, I know some folks are still skeptical about Bitcoin. But this innovative technology could revolutionize the financial system – and hand savvy investors enormous returns.
However, that's precisely why the liberals hate it: they can't control it. Don't be surprised if, in the near future, they try to ban, tax, or otherwise restrict Bitcoin in a desperate attempt to maintain their power over the financial system.
My colleague Karim Rahemtulla has identified Marathon Digital Holdings as a top play if Donald Trump is reelected next month. Trump has consistently praised Bitcoin and cryptocurrency, in stark contrast to the Democrats' fear and hostility. “With Trump voicing strong support for crypto, the perception is bitcoin and crypto in general could spike in light of a Republican victory.” Full Article
I agree. If Trump wins, and the federal government takes steps to embrace Bitcoin, Marathon Digital Holdings could skyrocket. But even if Bitcoin faces increased regulations under a Biden-Harris administration, Marathon Digital Holdings is still a wise buy. The company has a solid business model, a strong track record, and is well-positioned to benefit from the long-term growth of the crypto industry.
The Contrarian Path to Wealth
Most investors follow the herd, blindly chasing whatever is popular at the moment. But contrarian investors are different. We see opportunity where others see danger. And we understand that fighting against the rigged system often means betting against the “conventional wisdom.”
Buy Microsoft and Marathon Digital Holdings now, before the liberals get their way and cripple the market.
