AI meme stocks, oil and the dreaded debt ceiling

Don't miss Garrett {NAME} for Morning Momentum [Image]( Wednesday, May 17, 2023     Dow Jones | 33,012 | -1.01% S&P 500 | 4,109 | -0.64% Nasdaq | 12,3643 | -0.18%   Money Morning LIVE   Get over the hump with Kenny the Warlock Glick checking in on today's earnings and how he hit it big on some biotech plays that you don't want to miss. Garrett {NAME} is also in and diving into what could possibly become the next wave of meme stocks with AI. If that wasn't enough, CJ and Mark Sebastian are breaking down consumer health, the VIX and a whole lot more. [Join us live right here starting at 8:30...](   MARKET MINUTE   Good morning everyone. Garrett {NAME}, Executive Publisher at Money Morning here. The stock market continues to lack any real conviction – neither the bulls nor the bears are really going for it with much gusto. Instead, both are fixated on Janet Yellen’s so-called debt ceiling “X-date,” the day when the Treasury’s “extraordinary measures” give way to… pocket lint… and the government loses its ability to borrow. There’s also a simmering regional bank crisis that’s causing an increasing contraction in credit – that’s bound to have an impact on automotive, mortgage, and commercial lending, which will in turn have knock-on effects across the economy. Despite optimistic headlines from the likes of MarketWatch, today’s retail sales numbers are still in a downtrend, and news that Uncle Sam is looking to add 3 million barrels of oil to the Strategic Petroleum Reserve didn’t bring out oil bulls. This is actually no bad thing, in my view, because it means more favorable conditions for the Permian Basin dealmaking plays we’ve been scooping up. In the near-term, I feel bearish; there are increasing signs the economy is in danger, and if the debt ceiling theatricals play out like they did in 2011, even a deal won’t save the market. So I want you to join us this afternoon – me, Vox, Mark Sebastian, CJ, and Kenny Glick, to look at all the different ways we can trade this market. We’ll be handing out exclusive trading ideas and recommendations. If cold, hard cash won’t cheer you up, nothing will. [Grab your spot for our 1:45 PM broadcast here](.         Top Profit Opportunities   [Image]( [Soaring Profits and High Dividends Make This Energy Stock a Must-Buy]( — By Shah Gilani, Chief Investment Strategist For long-term energy plays, my rubric is pretty simple – strong balance sheets, high dividends with lots of money available to common shareholders, and room for growth potential in both the stock price and the dividend payments. So when my research reveals a company that not only checks off all the boxes, but excels at them… well, I have to make sure you know about it. I’m talking about a hydrocarbon exploration, development, and production company out of Houston boasting almost a $19 billion market cap and over $9 billion in TTM (trailing 12-month) revenue. That sounds impressive, but what really interests me is the profit margin on that revenue – a whopping 45.5%. [Check out the video for the ticker and my full breakdown...](   [Four Places to Invest in AI That Are Better Than IBM]( — By Alex Kagin, Director of Research These days, it's almost impossible to keep up with artificial intelligence (AI), but I try to stay updated by testing a new AI application every week to learn more about its potential. This week, I tested SignGuard-an AI tool that uses deep learning to distinguish between genuine and forged signatures. I've tried it a few times, and while it's still not perfect, this tech will improve rapidly over the next few years. This might not seem that impressive on the surface, but signature verification is a $9.39 billion market. Every bank and legal office in the world needs this tech to prevent fraud. As AI continues to advance, we will see more and more companies integrate tech like SignGuard into their operations, and that $9.39 billion market is tiny compared to enterprise AI as a whole. Grand View Research estimated the global AI market size will reach $733.7 billion by 2027, growing at a compound annual growth rate (CAGR) of 42.2% from 2020. This increasing demand for AI solutions across various industries is what makes IBM's latest announcement all the more intriguing. Last week, IBM unveiled its new generative AI platform, Watson X, the latest iteration of its AI platform that first launched in 2011. Watson X will enable enterprises to design and customize AI agents specifically tailored to their operational and business needs. With Watson X, organizations can harness the power of AI to collaborate with customers, automate workflows, strengthen threat protection measures, and even advance their sustainability initiatives. [While IBM is making a step forward, let me tell you a better place to invest...](     Check out our latest clips on YouTube!   [[ratio]  ]( [[ratio]  ]( [[ratio]  ]( [[ratio]  ](   Get More Money Morning Our experts offer special actionable investing and trading research to their subscribers every week [Subscribe Now]( [Image]( You are receiving this e-mail at {EMAIL}, as part of your subscription to Money Morning. To remove your email from this list: [unsubscribe here](. 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