Dear Reader,
The stock market just entered a highly dangerous new phase – which is going to have dramatic consequences for your money this summer.
The signs are everywhere:
SpaceX is set to go public as soon as June 11. OpenAI and Anthropic will likely follow it.
If you're thinking of buying these... PLEASE DON'T. They're likely to be disasters – the most overhyped, overvalued large-cap stocks of all time, foisted on gullible investors by Wall Street insiders.
At the same time, the President and his family are openly picking winners in the stock market... while a 24-year-old just founded his own hedge fund and made $5 billion in less than a year.
But it's what's coming NEXT that I'm most worried about.
I've spent 30 years on Wall Street. I have my MBA from Harvard and spend my time in correspondence with billionaires like Warren Buffett and Bill Ackman. I've forecast the collapse of dozens of stocks.
But what I see happening today scares me – as a former money manager, as a father, and as an American.
Because our country is headed toward an economic event unlike anything we've seen in over 100 years.
Perhaps you see the signs too. Or maybe you just feel it – that creeping, nagging doubt that tells you something is dangerously wrong in our country.
If that's you, I'd urge you... listen to your gut.
If you care about your wealth, your family, and your future, you need to understand what's really coming.
I've put together a free analysis explaining exactly what I see, and the specific steps I recommend you take with your money today.
I strongly encourage you to check it out here.
Regards,
Whitney Tilson
Editor, Stansberry Investment Advisory
Former Hedge Fund Manager
Co-Founder, Teach for America
Harvard MBA
P.S. What's happening today will reset the financial system in a way most of us can't imagine. If I'm even half-right, it's going to have a huge impact on your money and your future. Get the details here...
3 Ways to Play the Data Center Land Grab
Submitted by Nathan Reiff. Article Published: 5/31/2026.
Key Points
- Data center demand remains strong, and REITs with a focus on AI hold ever-growing portfolios of high-value data center real estate.
- Firms like Equinix and Digital Realty Trust have taken dominant positions operating hundreds of data centers around the world.
- A broader ETF like DTCR can provide access to data center real estate investments with semiconductor stocks as a bonus.
- Special Report: Elon Musk already made me a “wealthy man”
Investor interest in the AI space continues to grow, with many investors focusing on AI infrastructure plays to meet rising demand for data centers or on semiconductor stocks that build the components needed for AI platforms to function. One potentially overlooked area that is vital to AI but not directly related to the technology itself is land. Electricity consumption from data centers in the United States alone could triple that of the entire nation of Ireland by 2028, and generating that much power requires massive amounts of land.
If demand continues at its current rate, investors may see an increasingly contentious battle for prime land used by data center developers—space that is open and accessible, has strong power infrastructure, and is not susceptible to natural disasters. Two real estate investment trusts (REITs) and an exchange-traded fund focused on data center real estate and development provide investors with exposure to this high-demand but underappreciated aspect of the AI boom.
Equinix's Data Center Strategy Positions the REIT for Continued Growth
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Adam O'Dell - the analyst who recommended Palantir before it became the top S&P 500 performer - has identified a new venture quietly incubating inside Tesla. It has nothing to do with EVs, AI, or robotics, yet it generated $12 billion in 2025 alone.
Blackstone calls the broader opportunity a $23 trillion investment runway. Adam believes investors who position themselves before July 22 are early. He's also giving away a free ticker pick in his latest briefing.
Watch Adam O'Dell's full briefing and get his free ticker nowEquinix Inc. (NASDAQ: EQIX) is a REIT specifically focused on data centers, operating more than 280 centers around the world. Shares are up about 40% year-to-date (YTD) but have essentially plateaued since late April. One reason for this is that the company's Q1 2026 results were, in some respects, not as strong as analysts had predicted: revenue growth of 10% year-over-year (YOY), for instance, was not as robust as expected.
Still, there are plenty of reasons to be excited about Equinix and its strong position as data center demand grows. Recurring revenue is increasing, as are adjusted EBITDA margin and adjusted funds from operations. Management also raised full-year guidance for revenue and EBITDA in the latest report.
Equinix is also positioned to boost its capacity significantly going forward, with plans for capital expenditures of up to $4.1 billion in 2026 across 46 major new projects. Backlog and bookings are both up as well, demonstrating the company's ability to appeal to a growing list of customers.
All of these signs point to future potential, so it's no surprise that Equinix has strong appeal on Wall Street. 23 out of 29 analysts view the firm favorably and have assigned a Buy or equivalent rating.
A Fast-Growing Data Center Dividend Yield Play
Digital Realty Trust Inc. (NYSE: DLR) takes a similar approach to Equinix, as it is a REIT that owns and operates data centers and provides colocation solutions. In terms of sales, its 16% YOY growth for Q1 2026 outpaced Equinix's performance.
The firm also lifted its total backlog to $1.8 billion during the quarter while achieving record interconnection bookings of $98 million. Management raised full-year guidance for funds from operations to between $8 and $8.10, representing growth of about 9% YOY at the midpoint.
As a REIT, Digital Realty is obligated to pay out a majority of its earnings as dividends, and its 2.6% dividend yield may appeal to income-focused investors while also outpacing Equinix on this metric. Like its larger rival, Digital Realty is favored by many analysts, as 21 out of 29 call DLR shares a Buy.
The firm also has upside potential of more than 10% according to its consensus price target, even after already returning more than 20% YTD.
A Data Center ETF, But Not a Pure-Play Investment
For investors not keen to pick individual names in the data center land grab, the Global X Data Center & Digital Infrastructure ETF (NASDAQ: DTCR) offers a convenient way to access multiple companies in a single investment. This ETF holds a portfolio of more than two dozen global firms with an interest in data center infrastructure.
DTCR has positions in Equinix and Digital Realty Trust—indeed, these are the two largest holdings in the portfolio by percentage, representing close to a quarter of the total basket. It supplements these with a collection of other data center REITs, semiconductor manufacturers, and digital infrastructure players.
Investors should note that DTCR is not a pure-play data center real estate bet, given its chipmaker holdings. That makes it suitable for those looking for a broader play on AI infrastructure rather than a direct focus on land and property. Still, it provides a modest dividend yield of 0.7% as a bonus on top of YTD returns of about 50%. For an expense ratio of 0.50%—somewhat higher than most passively managed funds, but perhaps worthwhile given the unique theme—investors can leave the portfolio management to someone else while reaping the rewards found in the fast-growing AI infrastructure space.
Urban Outfitters Stock Stalls Despite Another Strong Quarter
Submitted by Jennifer Ryan Woods. Article Published: 6/3/2026.
Key Points
- Urban Outfitters extended its recent run of strong quarters, once again topping Wall Street expectations while delivering record sales and earnings.
- Growth was broad-based across the company's portfolio, with Free People and FP Movement posting strong results, while Nuuly and the wholesale segment delivered particularly strong revenue growth.
- Despite concerns about tariffs and higher freight costs, Wall Street remains bullish on the stock, with analysts' consensus price target implying more than 20% upside from current levels.
- Special Report: Elon Musk already made me a “wealthy man”
Urban Outfitters Inc. (NASDAQ: URBN) delivered a strong first quarter, posting record sales and earnings that topped Wall Street expectations. The results extended the retailer's recent run of strong quarters and highlighted continued strength across its brands.
Investors were pleased with the report, sending shares modestly higher after the earnings release. Since then, however, the stock has drifted lower. The pullback may reflect concerns about tariffs and freight costs, or perhaps some profit-taking after the stock hit an all-time high in January.
Record Results Driven by Strength Across Brands
Elon's new "super startup" (Ad)
Adam O'Dell - the analyst who recommended Palantir before it became the top S&P 500 performer - has identified a new venture quietly incubating inside Tesla. It has nothing to do with EVs, AI, or robotics, yet it generated $12 billion in 2025 alone.
Blackstone calls the broader opportunity a $23 trillion investment runway. Adam believes investors who position themselves before July 22 are early. He's also giving away a free ticker pick in his latest briefing.
Watch Adam O'Dell's full briefing and get his free ticker nowFor the first quarter of fiscal 2027, Urban Outfitters, whose portfolio includes retail brands such as Free People, Anthropologie, and Urban Outfitters, reported earnings of $1.30 per share, up from $1.16 a year ago and 18 cents ahead of Wall Street expectations. Revenue rose 11.4% year over year to $1.48 billion, beating estimates by nearly $17 million.
"Our teams delivered another outstanding quarter, exceeding our plans and setting new sales and operating profit records," Chief Operating Officer Frank Conforti said on the earnings call. "All our retail segment brands delivered positive retail segment comps, while four of our five brands posted record first quarter sales."
Free People and FP Movement were particularly strong during the quarter. Free People delivered 12% revenue growth, while FP Movement reported a 32% increase in brand revenue. Together, the FP Group achieved record first-quarter profitability, benefiting from record-low markdown rates, strong store performance, and leverage within the wholesale channel.
The company's clothing rental subscription service, Nuuly, and its wholesale segment also delivered strong results, with revenue increasing 35% and 25%, respectively.
Company Could See High-Single-Digit Sales Growth
During the earnings call, Chief Financial Officer Melanie Marein-Efron said Urban Outfitters is off to a solid start in the second quarter and could achieve high-single-digit sales growth in both Q2 and the full fiscal year.
She cautioned, however, that Q2 gross margins could be flat to down about 25 basis points due to lower initial merchandise margins (IMU), higher tariffs, and fuel surcharges tied to the Middle East conflict.
Despite those headwinds, gross margins could expand by about 25 basis points for the full year, aided by an improvement in IMU during the second half. The outlook assumes tariffs remain at 10% through July before increasing to a blended rate of 15% in the second half of FY2027. It also incorporates a roughly 70-basis-point quarterly headwind from elevated fuel surcharges.
Stock Takes a Breather After Strong Run
Investors appeared to anticipate the strong quarter, as Urban Outfitters shares rose more than 4% ahead of the earnings release on higher-than-normal trading volume. The stock gained another nearly 3% in the session following the report, but has since given back those gains. At a recent price of $71.36, shares are trading roughly in line with their pre-earnings level.
Despite the recent pullback, Urban Outfitters has been a strong long-term performer. Shares have climbed more than 88% over the past five years as the company has continued to grow sales, expand profitability, and execute well across its brands.
That momentum helped drive the stock to an all-time intraday high of roughly $84 in January. Since then, shares have drifted lower. They are down about 5% year to date, though they remain up more than 8% over the past three months.
Analysts Still See Upside
Following the earnings report, two analysts raised their price targets on the stock, while one reiterated a Hold rating and another lowered its price target.
Overall, Wall Street remains bullish on Urban Outfitters. The stock carries a Moderate Buy rating based on 15 analyst ratings, including eight Buys and seven Holds. The consensus price target of just over $87 implies 20% upside from current levels, with price targets ranging from $72 to $100.
Urban Outfitters trades at about 13X earnings, below the retail industry's average of roughly 16X. However, the stock is more expensive than some apparel retail peers. Abercrombie & Fitch Co. (NYSE: ANF), whose shares rallied following a strong first-quarter earnings report, trades at about 7X earnings. American Eagle Outfitters Inc. (NYSE: AEO), which fell sharply after reporting first-quarter results, trades at roughly 10X earnings.
Short Interest Remains Elevated
Despite Wall Street's generally bullish outlook, short interest remains elevated. Roughly 7.2 million shares, or 12.4% of the float, were sold short as of May 15. While that is still elevated, the figure has declined from the levels seen over much of the past year, when more than 15% of the float was shorted.
Urban Outfitters continues to execute well, posting record sales and earnings while extending its recent run of strong quarters. While tariffs, freight costs, and a premium valuation relative to some peers may be giving investors pause, analysts remain broadly bullish. If their forecasts prove accurate, the stock could still see meaningful upside from current levels.
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