Dear Fellow Investor,
I almost kept this to myself.
I wanted to wait until after the third company’s IPO to go public with my research.
But when I saw what was happening behind the scenes…
I realized waiting could cost people a fortune.
I’m George Gilder. Over 40 years, I’ve called tech revolutions that could have turned hundreds into millions…
Smartphones, streaming, e-commerce…
Long before Wall Street believed.
Now three companies are quietly assembling what I call the “Trillion Dollar Triangle:”
One pioneered a wafer-scale chip architecture that’s 100X faster than current systems…
One has the manufacturing muscle to produce these chips at global scale…
And one is about to IPO with technology that may eliminate AI’s biggest bottleneck.
When these three converge, today’s data centers could become write-offs.
The Trump administration has already committed $200 billion.
Vanguard and BlackRock have poured in over $180 billion combined.
Once this IPO hits, Phase 1 pricing vanishes.
Phase II and III investors, the me-too investors, could be left with table scraps.
>> Get the names of all three companies before the IPO hits <<
To the future,
George Gilder
Editor, Gilder’s Technology Report
What a Gold Miner and an Oil Trust Reveal About Today's Market
By Jessica Mitacek. Posted: 3/20/2026.
Key Points
- As the bull market enters its fourth year, investors are abandoning underperforming tech stocks in favor of energy and materials, which are significantly outperforming the broader S&P 500.
- A weakening U.S. dollar, aggressive tariff policies, and escalating Middle East conflicts are driving a flight to safety, fueling a massive rally in commodities like oil and gold.
- Stocks like Vista Gold and Permian Basin Royalty Trust signal that the commodity run is broad-based, supported by strong profit margins and favorable technical indicators.
- Special Report: Elon Musk already made me a "wealthy man"
During healthy bull markets, investors routinely embrace risk-on strategies. High-flying tech stocks tend to outperform while defensive sectors and safe-haven assets are often disregarded.
But in 2026 we're seeing the opposite. Now in its fourth year, the bull market has likely entered the late stages of its cycle. The Magnificent Seven continue to underperform, software stocks are enduring some of their worst losses since the last bear market, and investors are embarking on a flight to safety that has benefited cyclical and defensive investments.
Iran just changed everything for gold (Ad)
The Iran War didn't just make headlines.
It broke the gold market wide open.
Gold is already above $5,000 and surging.
But the metal isn't where the real money gets made.
Go here for the full gold briefing — including the stock name and buy-up-to price >>>That has produced outsized gains for two sectors: energy and materials. The last time either sector led the S&P 500 was in 2021, when energy topped the index in the lead-up to the last bear market, and again in 2022, when energy led throughout the bear market.
There's evidence these two sectors may retain their leadership this year, underscored by a gold development company and an oil and gas trust that appear likely to mirror the trend.
Macro Factors Continue Rewarding Underappreciated Sectors
Energy leads all S&P 500 sectors with a year-to-date gain of nearly 28%, followed by materials at roughly 10%. The broader market, by contrast, is down more than 3% on the year, with financials trailing at an 11% loss.
That's hardly a coincidence. The U.S. Dollar Index remains down more than 8% since January 2025. Recent tariff policies have helped fuel a "sell America" trade, and ongoing uncertainty has prompted outflows from U.S. equities in favor of foreign markets.
Additionally, consumer confidence has plunged to its lowest level in more than a decade, the labor market has weakened, and geopolitical instability has disrupted global markets from energy to agriculture.
As a result, speculative sectors are struggling while energy and materials—driven by underlying demand—continue to thrive. Two companies provide useful clues that the current macro environment may support more of the same.
Vista Gold Suggests the Precious Metal Rally Has Legs
Gold prices received a further lift when the United States and Israel began coordinated military operations against Iran on Feb. 28, propelling the precious metal's price. Even before this escalation, heightened market volatility, trade uncertainty, and pre-emptive military actions under the Trump administration had been benefiting gold prices.
Investors should expect more of the same going forward, as evidenced by Vista Gold (NYSEAMERICAN: VGZ), a small-cap gold developer that reported full-year and Q4 2025 results on Friday, March 13.
As a development company, Vista Gold is pre-revenue, so its Q4 earnings per share (EPS) of negative 6 cents wasn't the focus. More notable: the company ended 2025 debt-free.
Vista Gold finished the year with a healthy cash position and nearly $42 million raised to advance the Mt Todd gold project in Australia's Northern Territory—a large, advanced-stage project with "measured and indicated gold resources totaling 9.1 million ounces," according to the company.
The company emphasized progress at Mt Todd. With a projected 30-year mine life, Mt Todd offers significant scale and demonstrated economic viability: a feasibility study last year reported 5.2 million ounces of proven and probable reserves and showed attractive economics for developing a 15,000-tonne-per-day operation (about 5.3 million tonnes per year).
The stock, which gained 172% over the past year, exemplifies how sentiment in the gold industry is more bullish in 2026 than it has been in years. Conditions appear favorable for shareholders, with Vista Gold forecasting an after-tax payback period of 1.7 years and an internal rate of return of 44.7%.
Permian Basin Royalty Trust Indicates That Energy's Run Has Just Begun
The outbreak of war in Iran has roiled oil markets, with the fallout felt from the gas pump to utility bills. That has benefited the oil majors, with ExxonMobil (NYSE: XOM), Chevron (NYSE: CVX), and Shell (NYSE: SHEL) recently hitting all-time highs.
Further down the energy chain, names like Permian Basin Royalty Trust (NYSE: PBT) suggest the oil and gas rally is broad and still in its early stages. Amid speculation that oil prices could climb toward $200 per barrel, the key story with Permian—similar to Vista Gold—is less about past results and more about future expectations.
Despite the stock rising 106% over the past year, there may be further upside as its margins remain strong. According to an SEC filing from last month, the trust— which holds royalty interests in oil and gas properties in the Permian Basin in West Texas—secured a profit margin of more than 87% on its Texas Royalty Properties.
That Feb. 17 announcement came before the Iran conflict escalated later that month, suggesting PBT's net income is likely to keep rising from the average price per barrel reported in February. At the time, the trust cited oil prices of $56.78 per barrel. Today, West Texas Intermediate (WTI), the U.S. crude benchmark, is trading around $95.48 per barrel.
On March 10 the stock crossed above its 200-day moving average—a bullish long-term signal that often indicates more share appreciation ahead—supported by the global oil supply squeeze. Fundamentally, Permian Basin is in solid financial health, having ranked in TradeSmith's Green Zone for more than nine months.
These Insider Trades Look Like Clear Signals—Until You Read the Fine Print
Reported by Leo Miller. Article Published: 3/24/2026.
Key Points
- Broadcom insider selling looks large in dollar terms, but the March transactions cited in filings are described as automatic “sell-to-cover” trades tied to RSU tax withholding.
- AppLovin insider selling picked up during the stock’s pullback, but much of it appears consistent with planned or routine activity, and the CEO still retains a sizable equity stake.
- Coupang’s recent disclosed buying by director Neil Mehta via Greenoaks-linked vehicles stands out as a more discretionary move, coming after the company’s widely reported data-incident overhang.
- Special Report: Elon Musk already made me a "wealthy man"
Insider trading can look like a flashing buy-or-sell signal, but the story is more nuanced in three market leaders.
Big sales of Broadcom (NASDAQ: AVGO) and AppLovin (NASDAQ: APP) largely reflect routine mechanics like tax-withholding and pre-set plans, while a sizable Coupang (NYSE: CPNG) purchase stands out as a deliberate vote of confidence.
Iran just changed everything for gold (Ad)
The Iran War didn't just make headlines.
It broke the gold market wide open.
Gold is already above $5,000 and surging.
But the metal isn't where the real money gets made.
Go here for the full gold briefing — including the stock name and buy-up-to price >>>Although these moves may appear straightforward at first glance, insider trades are often not what they seem and require careful analysis. The key is separating automatic or scheduled transactions from genuinely discretionary moves that may carry more informational weight.
Broadcom Insider Selling Tops $88 Million: Red Flag or Business as Usual?
Semiconductor lynchpin Broadcom is the world's leader in custom-designed artificial intelligence (AI) processors.
But recently—and notably—the company has seen significant insider selling. So far in March, insiders have sold about $88.3 million in Broadcom stock, part of roughly $123 million in insider sales since the start of the first quarter.
Those transactions came from four individuals, including two in key roles at Broadcom. Chief Financial Officer and Chief Accounting Officer Kirsten Spears sold approximately $19 million, and President of Broadcom's Semiconductor Solutions Group Charlie Kawwas sold roughly $21 million. The activity follows about $250 million in shares sold in Q4 2025.
The headline number can look unsettling, especially given the stock's recent volatility. But the important detail is why the shares were sold.
All of Broadcom's insider sales in March were executed as automatic sell-to-cover transactions to cover withholding taxes due upon vesting of restricted stock units (RSUs), according to the Form 4 SEC filing.
RSUs are stock-based compensation that convert into shares when the award vests. Because vesting is generally treated as taxable income, insiders must pay taxes on it. Companies often use a "sell-to-cover" process that automatically sells a portion of the newly vested shares to satisfy withholding obligations. In other words, these sales are not discretionary and do not in themselves signal a bearish view on AVGO.
AppLovin: Insider Selling Picks Up as the Stock Pulls Back
AppLovin has become a dominant player in the mobile game advertising and user-acquisition space, helping drive its market capitalization to nearly $150 billion.
There are numerous reasons why the stock has fallen nearly 40% from its 52-week high, including the ongoing software sell-off that began at the start of the year.
There were no insider sales in AppLovin during the first two months of the year, but that changed quickly as Q1 progressed. So far in March, insiders have sold roughly $160 million in AppLovin shares.
Most of these sales are of limited informational value because they were executed under 10b5-1 plans. Under those plans, insiders set a predetermined schedule for sales well in advance, reducing the likelihood that those transactions reflect new, material information.
However, CEO Adam Foroughi's $42 million sale did not occur under a 10b5-1 plan.
While it is never inspiring to see a company's CEO sell shares, the magnitude matters. After the recent sales, Foroughi's direct ownership fell from around 2.55 million shares to 2.43 million shares—a decline of less than 5%. Given that relatively small reduction, the recent AppLovin insider activity is not especially concerning.
Coupang: Institutional Insider Ups Position as Shares Tank
On the other side of the equation, insiders are buying into e-commerce stock Coupang.
Coupang has established itself as the largest player in the South Korean e-commerce industry, with a market capitalization of roughly $35 billion.
However, the stock has struggled and is down nearly 44% from its 52-week high, including a loss of more than 19% in 2026.
A large data breach has been a significant headwind, exposing the personal information of 33.7 million users—the largest breach in South Korean history. The incident has hampered Coupang's growth: revenues from its Product Commerce segment rose just 12% year-over-year in its latest quarter, down from 18% the prior quarter, which the company attributes to reduced customer activity after the breach.
Amid that weakness, Neil Mehta—a director and member of Coupang's board—disclosed a purchase of approximately $137 million in CPNG shares via his investment firm Greenoaks Capital Partners LLC, increasing his position by about 11%.
Because the buying was executed through Greenoaks-managed funds, it reflects institutional accumulation, which is typically viewed as a more constructive signal than routine insider selling.
What These Trades Might (and Might Not) Say
Broadcom's and AppLovin's insider selling may look bearish at first glance, but context matters: sales tied to RSU tax withholding or pre-set plans often say more about compensation and scheduling than about executives' views on the business. Those transactions, therefore, don't automatically validate the stocks' recent pullbacks.
Coupang's disclosure is the clearer "signal" candidate because it reflects added exposure during weakness through Greenoaks-managed funds. Even so, it doesn't guarantee a near-term bottom; it suggests the buyer may view the breach fallout as more temporary than the market is pricing in, and that the buyer is likely taking a longer-term view.
to bring you the latest market-moving news.
This email content is a paid advertisement provided by Eagle Publishing, a third-party advertiser of TickerReport and MarketBeat.
Contact Us | Unsubscribe
© 2006-2026 MarketBeat Media, LLC dba TickerReport. All rights protected.
345 N Reid Pl., Sixth Floor, Sioux Falls, S.D. 57103-7078. United States of America..
0 Response to "Gilder: “I Wasn’t Going to Release This Yet”"
Post a Comment