Dear Reader,

Let me tell you about two kinds of crashes.

Stocks crashed in 2008. The headlines were everywhere. People panicked. Markets fell 50%.

Then they came back.

Stocks crashed in 2020. Same thing, panic, then recovery.

Stocks crashed in 2022. Recovery.

Now look at the dollar.

Over the past five years, the dollar has lost nearly 20% of its purchasing power. Not in a single catastrophic event. No alarm bells. No emergency Fed meetings covered wall-to-wall on CNBC.

Just a quiet, persistent erosion. Every year, a little less. Every trip to the store, a little more painful. Every bill, a little higher than the last.

And here's the part that should concern you most: the dollar has never bounced back. Not once in 50 years.

Your grandparents bought a house for $20,000. Your parents paid $80,000. The same house costs $400,000 today. That isn't real estate getting more valuable. That's your currency losing ground, permanently.

The wealthiest people I've worked with in 47 years don't actually fear stock crashes. They know the companies that matter come back. What they fear, what they've been quietly protecting themselves against for decades, is holding too many dollars.

It's why Elon Musk used SpaceX shares to buy $8.5 billion in assets instead of cash. It's why S&P 500 companies spent a record $943 billion last year converting their own cash reserves into stock. It's why the biggest corporate deals in America are now routinely done in ownership rather than dollars.

They're running from the slower crash. The one most people aren't watching.

I've been watching it for 47 years. And right now, it's accelerating.

I've put together a free briefing explaining exactly what's happening — and the specific steps I believe you should take before this gets worse.

Click here to watch my brand new briefing now.

Louis Navellier
Senior Investment Analyst
Billion-Dollar Money Manager
Recommended Apple at $1.49... Amazon at $46
Senior Quantitative Investment Analyst, InvestorPlace

Special Report

Advanced Micro Devices Looks Like a Hot Buy Heading Into Earnings

Author: Thomas Hughes. Published: 3/24/2026.

Key Points

Advanced Micro Devices is establishing a support base ahead of what is likely to be a blowout report.
Advances in its rack-scale offering underpin an outlook for accelerated growth that likely underestimates the company's strength.
Analysts and institutions are accumulating this stock while it's down, limiting risk in late March and early April.
Special Report: Elon's "Hidden" Company

With Q1 2026 earnings around the corner, Advanced Micro Devices (NASDAQ: AMD) is back in focus—and the setup suggests the stock may be closer to a rebound than a breakdown. While the share price is down roughly 30% from its peaks and has struggled to gain traction ahead of the report, indicators from the charts, the outlook, analyst sentiment, institutional buying, and the potential for outperformance point to a meaningful recovery this year.

AMD Market Awaits MI450 Catalyst

The narrative has been consistent over the past year: Advanced Micro Devices is preparing rack-scale AI datacenter solutions and is positioning itself as a direct competitor to NVIDIA (NASDAQ: NVDA). NVIDIA will likely retain a first-mover advantage, but there is ample room for AMD to gain traction.

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Demand trends and AMD's MI450 GPU lineup point to meaningful advantages—superior power efficiency, larger memory capacity, and lower total cost of ownership—which are all critical in the age of inference.

Hyperscalers that need inference capacity may flock to these products. One looming industry issue AMD is well-positioned to address is hardware stress: AI datacenter GPUs run at very high power for long periods, which can accelerate wear.

Some estimates put the AI upgrade cycle at roughly 18 months, suggesting the first-generation AI datacenters may already be approaching the end of their useful lives. That dynamic should keep AI GPU demand robust, and AMD's devices could be attractive because they operate at lower power, may have longer lifespans, and offer lower operating costs. In that environment, Advanced Micro Devices could not only regain lost ground but also capture additional market share as the industry matures.

The MI450s are expected to ship in the back half of the year, which could drive triple-digit revenue acceleration within the first one to two quarters of availability. Current forecasts are conservative, projecting about 40% and 50% year-over-year revenue growth in Q3 and Q4, with only modest acceleration the following year.

At that pace, valuation metrics price the stock at roughly 8X 2030 forecasts, implying a potential minimum 200% upside. A 200% return would align AMD with broad market upside on a current-year-earnings basis; if the market restores a premium, upside could reach 300%–400% over the next few years. NVIDIA's stock rose more than 500% after breaking comparable resistance levels, and similar gains could be possible for AMD under the right conditions.

Technical Trends Underpinned by Analysts and Institutional Activity

AMD's share price moved above a critical target late in 2025 and has been building a support base at that level in early 2026. The weekly chart shows support just above $186, with price action nearly closing the gap formed in October. While there is a risk that support could fail, analyst sentiment trends and institutional buying point to a more constructive outlook.

Institutional investors now own more than 70% of the stock, have been net buyers on a trailing 12-month basis, purchased for three consecutive quarters, and increased activity in early Q1—a pattern consistent with a bullish view.

Analyst trends are similarly positive: coverage is expanding, sentiment is firming, and price targets are rising. MarketBeat data shows high conviction across the analyst group: there are 40 current ratings, the consensus sits near a Moderate Buy leaning toward Strong Buy, and the average upside exceeds 40%, with additional upside contained in high-end targets. If AMD continues to execute, analyst sentiment and targets could move higher.

Key catalysts include the Helios launch and partnerships with firms such as Celestica (NYSE: CLS). Celestica is designing and manufacturing scale-up switches that enable large-scale clustering of AMD products—a partnership that clears a path for MI450 deployments at scale, which is essential to unlock the company's revenue and earnings potential.

Risks remain, including geopolitical tensions, competitive pressures, and supply-chain constraints. High-bandwidth memory (HBM) is a critical component and is largely sold out through next year; constrained HBM supply could limit AMD's near-term revenue growth. The company is working to mitigate that risk, including by expanding collaboration with Samsung (OTCMKTS: SSNLF).

Special Report

Carnival Stock Forecast: Headwinds Now, Upside Ahead?

Author: Chris Markoch. Published: 3/31/2026.

Key Points

Carnival stock fell after reporting earnings despite a double beat, as strong bookings and record demand were overshadowed by concerns about rising fuel costs.
Analysts lowered price targets on CCL stock due to margin pressure from higher oil prices, but most still see meaningful upside from current levels.
Carnival’s improving balance sheet, discounted valuation, and long-term PROPEL strategy support a bullish outlook, even as technical indicators signal caution in the near term.
Special Report: Elon's "Hidden" Company

Cruise line operator Carnival Corp. (NYSE: CCL) fell nearly 6% after reporting Q1 2026 earnings on March 27.

Investors appear concerned about the company's guidance for the coming year, despite Carnival's double beat and a bullish outlook for 2026 bookings.

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Shares of cruise-line stocks had been soaring in 2026 as the industry enjoyed strong demand, with bookings at or near record levels.

Carnival's results reflected that strength, but the market punished the stock for reasons largely out of its control.

Still, the company's improving balance sheet, discounted valuation, and long-term strategy support a bullish outlook, even as technical indicators signal short-term caution.

Q1 Earnings and Guidance Were Strong

Carnival said about 85% of its 2026 sailings are already booked, and cumulative future-year bookings set a first-quarter record. The company also beat expectations on both revenue and earnings.

Adjusted earnings per share (EPS) of $0.20 beat estimates by $0.02 and were up roughly 53% year-over-year. Revenue of $6.17 billion topped forecasts of $6.13 billion, a roughly 6% year-over-year increase.

The wild card was fuel costs, which have risen considerably following the recent spike in oil prices. Carnival doesn't hedge fuel, so a 10% rise would cost the company about $160 million — roughly $0.11 per share in diminished earnings.

Several analysts have since trimmed price targets on CCL, but most have maintained a consensus Moderate Buy rating — a measured response rather than panic.

PROPEL: Carnival's Roadmap for the Next Chapter

Beyond the quarterly numbers, the bigger story may be the formal launch of PROPEL (Powering Growth and Returns Responsibly), the company's strategic framework through 2029. Management has set ambitious targets for the plan, including:

Return on invested capital (ROIC) above 16%
EPS growth of more than 50% versus 2025
The return of more than 40% of operating cash flow to shareholders, totaling an estimated $14 billion

This commitment is backed by a newly authorized $2.5 billion buyback program and the reinstatement of a dividend.

Underpinning the plan is disciplined capacity growth: only three new ships are planned during the PROPEL period. That comes alongside continued investment in private destination assets and fleet modernization. Notably, PROPEL includes a leverage target of net debt to earnings before interest, taxes, depreciation, and amortization of 2.75x, signaling that returning capital and reducing leverage can proceed in tandem.

Fuel Costs Could Lead to a Snapback

Carnival can't do much about rising oil prices, which have been elevated following the Iran conflict, and that will pressure earnings as long as prices remain high. It would be more concerning if the company were projecting margin pressure because demand was weakening — which is not the case.

Analysts must make forecasts based on current data, and the expectation of sustained higher oil prices has prompted some to lower price targets on CCL.

Two points are worth noting. First, many of the reduced price targets still imply roughly 20% upside from CCL's current share price. Second, fuel costs can reverse — if they moderate, Carnival would benefit and analysts may revisit their targets well before the company's next earnings report in June.

That said, fuel cost volatility alone isn't a compelling reason to buy or hold Carnival right now. A stronger case is the company's improving debt picture. Like its peers, Carnival took on significant debt in 2020, but interest expense has declined to $291 million from $377 million, a sign of a strengthening balance sheet.

Another supporting factor is valuation. Trading at roughly 11x trailing earnings and about 13x forward earnings, CCL is priced at a discount to the broader market, the consumer discretionary sector, and the hotels, resorts, and cruise line industry.

Technical Outlook: Watch for a Potential Death Cross

The technical chart offers a cautionary signal heading into April. CCL is trading around $24, well below both its 50-day and 200-day simple moving averages (SMA). The 50-day is converging on the 200-day from above, suggesting a death cross could form soon.

Historically, that pattern draws selling pressure from technically oriented investors. However, a death cross is a lagging indicator — by the time it forms, much of the downside may already be priced in. CCL has already shed roughly 25% from recent highs near $34.

A true breakdown would likely require a fresh fundamental catalyst, such as sustained high fuel costs, weakening bookings, or a meaningful uptick in cancellations. Absent those factors, the stock may find support near current levels, especially given its undemanding valuation. If oil prices moderate, a snapback rally could develop well ahead of the June earnings report.

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