Group 1 - The United States is poised to enter a multi-year industrial capital expenditure (capex) boom driven by reshoring, AI data center construction, domestic semiconductor manufacturing, and energy projects [1] - High Yield Investor is celebrating its fifth anniversary by offering a 30-day money-back guarantee and releasing its Top Picks for 2026 [1] - The investment group is led by Samuel Smith, who has extensive experience in dividend stock research and engineering, and collaborates with Jussi Askola and Paul R. Drake to balance safety, growth, yield, and value [1] Group 2 - High Yield Investor provides real-money core, retirement, and international portfolios, along with regular trade alerts, educational content, and an active chat room for investors [1]

Trade & Economy - Trump's industrial renaissance 未能实现 [1] - 美国从中国的进口来源正在减少 [1]

Core Insights - Invesco American Franchise Fund, managed by Ron Zibelli, focuses on U.S. stocks that exhibit strong growth potential and market leadership, aiming to capture the benefits of compounding returns [1][3][4] - The fund has consistently outperformed the S&P 500 over various time frames, including a 14.14% gain in 2024 compared to the S&P 500's 13.98% [2] Investment Strategy - The fund seeks to identify "franchise" or "star" stocks that can deliver durable, above-average growth, avoiding companies that are one-hit wonders [3][4] - Key traits of successful companies include strong management teams, leading market positions, and superior products or business models [4] Portfolio Composition - The fund includes well-known stocks such as Nvidia, Microsoft, Amazon, Meta Platforms, Apple, Netflix, and Alphabet, while also focusing on midcap stocks where more value can be added through research [8][9] - The portfolio is structured around themes, with current focuses on artificial intelligence (AI) and a U.S. industrial renaissance driven by federal investment and innovation [10][15] Market Trends - The fund identifies patterns and trends in the economy that support growth, including a resurgence in merger and acquisition activity and IPOs following a recessionary period [17] - A significant increase in M&A activity of approximately 30% is noted, alongside a recovery in IPOs, indicating a favorable environment for capital markets-oriented companies [17] Sell Discipline - The fund employs a strict sell discipline, focusing on relative growth prospects and replacing underperforming stocks with those that have better outlooks [18] - The philosophy emphasizes selling losers quickly while allowing winners to run, maintaining a robust opportunity set in the current economy [18] Market Outlook - Zibelli believes the current market conditions do not indicate a bubble, citing strong fundamental support for company valuations, including revenue growth and cash flows [19][20] - Valuations are at the high end of historical averages but are justified by a resilient economy and ongoing technological innovation [20]