Nuclear Energy & Metals: Next Big Winners of AI Trade?

that down for us. Jenny Horne, co-host of Next Gen Investing. Want to welcome in our next guest though. Joining us, Ed Seidel, CEO and Chief investment advisor at GSI financial. And great to have you back on. Good morning to you. As I look across the market action we're seeing today, we've got a nice green day on the board. Very different picture from yesterday. You say that you view the economy as being relatively strong throughout the year, but we are seeing growth slow down. So what are you seeing in the data that makes you confident the economy can keep expanding from here? There's a couple of things. The fact that the economy is slowing down but still growing. We look at that as as somewhat positive, just because of the mere fact of geopolitical tensions globally, not just with the U.S. but with other countries and also the U.S. trade policy. The U.S. Supreme Court's ruling on on tariffs, which had a negative impact on revenues to to the U.S. however, the the economy is still growing. Really the big plus as far as the economy goes, believe it or not, has to do with earnings in the market. So we're just talking I just heard you talk about target and earnings exceeding expectations. That seems to be the common theme across the broader markets. So I think that there's a lot of opportunity. And that's showing that consumer spending is really driving the economy along with business investments and you know, heavy machinery and equipment. And so let's talk about the consumer. Since retail is clearly in focus today and this week, how much of this economic resilience is really coming from the consumer? And are you starting to see signs that the consumer is running out of room to keep spending? Because we did hear from Home Depot and Lowe's that they are viewing their consumer as healthy, but still very cautious about any of these big ticket spends or these big renovation items in terms of the DIY customer. And we've seen sentiment stay near Lowe's. So they have still been spending. But are you seeing any cracks here? Not yet. I think these companies are being very, very smart. They're being prudent. They're really setting expectations going forward. There are things some of the cracks, if you were to call them that, it's the the mounting consumer debt. So that is still a concern for for myself, you know, when we're looking at the economy. But, you know, these consumers, they seem to be resilient. They continue to spend. I think they're being a little bit more cautious to, to kind of see the outcome of the midterms. But I think we'll see a pickup right around the holidays. And you mentioned earnings doing a lot of the heavy lifting. I mean, we got target this morning which you highlighted a beat and raise quarter. But then we saw a move to the downside. And I do want to check on that quickly before I say that we're still holding on to that move to the downside because things have been changing so quickly and now they're higher. You know, we're seeing so much of this seesawing reaction to these numbers. And it seems like there's a digestion period that doesn't always feel necessary. And what is that about where we get these very clear, strong reports. And yet we're, I would say at least half of the time, seeing a move to the downside is the initial reaction. You're absolutely right. I think the markets are being finicky. What I mean by that is they're beating expectations, but they're not exceeding what's being expected of these companies. So there's a little bit of a downturn. And those provide opportunities especially you know we see it with Nvidia over and over again. A company after company they're beating expectations. And immediately after earnings are released we see a little bit of a downturn. And then they pop right back up again because reality kind of hits home. So with earnings carrying us higher here are the earnings strong enough to keep stocks moving higher. If economic growth continues to slow. That is a great question and it remains to be seen some of the things that we're concerned with. You know, when we're looking at p e ratios they're really, really high. If you look at the Shiller p e ratio over time, it is super high. It's one of the highest since the tech bubble for sure. But again, earnings continue to prop that up. And so I don't know if we'll continue to see the growth that we have over the last couple of years. I think the rest of this year we're going to finish up positive going into next year. And you mentioned Nvidia just a moment ago, and we're in this sort of retail bubble this week. But obviously waiting for Nvidia next week with everything we discussed about how many of these companies specifically in that AI space are putting up these great reports. I mean, numbers that are better than the whisper numbers, both in their top and bottom lines and in guidance still being met with downward reactions. What is your expectation for Nvidia? Because we have a very different setup in terms of their price action coming into their report than we're used to with this name, as it's really consolidated and been trading quite sideways much more than these parabolic moves that we were used to with this name. I think once earnings are released from Nvidia, we're going to see what typically happens as it relates to Nvidia, which means we're going to see a drop in the stock price which is going to create a buying opportunity. It's going to take a couple of weeks and it's going to pop right back up again. I think that they're going to continue to at least meet, if not continue to exceed expectations next week. And I'm sensing a theme here that you love you love a dip buying opportunity. So as we're looking across all of the rotation in the markets right now, where are you seeing the most opportunity? Believe it or not, I still hold fast for I love precious metals, silver and gold. I think that that's a really good opportunity right now. It is up from the lows this summer, but we still think there's a ton of room to grow just on the physical side as well as the ETFs, but the long term play for us, I really love energy, especially as it relates to nuclear because of the AI play and the data centers going forward. There's such a crunch on energy right now. I think that's going to be the best play going forward. All right. And so you like the physical asset in the metals. You also like the ETFs. How are you looking at the miners. I actually I love the miners because they're a little bit more stable and they continue to grow even as the the dips go and the price declines with the, the precious metals themselves. So there's, they're a little bit more stable. And I think that we're going to see a lot of growth going forward in the miners as well, both silver and gold. All right. Right now we've got gold at 4540. We're up almost 3% on the session right now. And great to talk to you as always. Thanks for