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Dear Friend,
In 2010, a hacker conjured 184 billion counterfeit Bitcoins in a single keystroke.
8,700 times more money than was ever supposed to exist.
Bitcoin survived because it was still small enough to rewind. A developer spotted it on a message board, and they rolled the entire ledger back.
Now ask the question that keeps Washington up at night.
Who rolls back the dollar?
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And the encryption protecting all of it is about to break.
That is why the President just signed two executive orders to rebuild the dollar on a lock that can’t be picked. And why Washington moved to take an ownership stake in a $20 company building that lock.
See the company behind the new dollar here >>
“The Buck Stops Here”
Kelly Maguire
Behind the Markets
3 Aerospace Suppliers That Could Benefit as Aircraft Makers Face Bottlenecks
Author: Nathan Reiff. Published: 7/19/2026.
Key Points
- Strong aerospace and defense demand, highlighted by GE Aerospace's raised guidance, is boosting smaller specialized firms like Ducommun, StandardAero, and HEICO.
- Ducommun's shares are up 74% year to date on record quarterly revenue and a growing defense business, particularly in missile defense.
- StandardAero and HEICO show contrasting performance, with StandardAero's stock down despite revenue growth while HEICO gains from acquisitions and rising net income.
- Special Report: SpaceX is offering you shares. Don't take them.
An upbeat Q2 earnings report from GE Aerospace (NYSE: GE) led the company to raise full-year profit guidance, helped by resilient demand for repairs and spare parts despite challenges related to fuel prices and more. That may bode well for the aerospace services industry more broadly, suggesting that companies providing critical services and products can carve out a niche and potentially outperform larger aircraft makers and related firms.
Aerospace and defense demand continues to surge, prompting some investors to flock to lesser-known names in search of companies with the capacity to scale production. Those willing to take on a bit more risk may find that these firms have greater upside potential than some of the largest companies in the industry.
Ducommun Pivots Toward Defense, With Revenues Continuing to Rise
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Hybrid work is the new norm for millions of workers, but the hardware never caught up.
Two monitors at a desk. One cramped laptop screen everywhere else. A different setup every time the location changes.
This company's technology turns any laptop into a virtual workspace with up to five monitors, wherever the work happens. Home office. Hotel room.
1.5M+ users already work this way, many spending 40-60 hours a week inside the platform. It makes it easier to stay focused and productive without missing a beat when context-switching.
The company has real technology traction, including partnerships with Meta, Samsung, and Qualcomm.
Shares available at $0.79 through July 30. Invest today.With a market capitalization of just $2.6 billion, Ducommun Inc. (NYSE: DCO) is on the smaller side of the aerospace firms on our list. DCO's share-price performance has been marked by fairly steady growth throughout 2026, although a July sell-off has interrupted that momentum somewhat. Still, shares are up 74% year to date (YTD).
Helping drive this growth is the company's pivot toward defense, which now accounts for the majority of its revenue. And when it comes to revenue, Ducommun has thrived: in the latest quarter, the company reported a record $209 million in revenue, up about 8% year over year (YOY) and marking the fourth consecutive quarter with at least $200 million in sales.
The firm's commercial aerospace business is in the midst of a rebound, with revenue increasing about 18% YOY in the last quarter, and that has helped margins improve as well. Nonetheless, defense remains Ducommun's largest business, and missile defense in particular stands out, with a 22% YOY increase in quarterly revenue.
The recent share-price dip may be a buying opportunity, as it has helped temper Ducommun's valuation metrics and brought its price-to-sales (P/S) ratio to 3.0. Analysts see modest upside potential and remain moderately optimistic on DCO shares based on four Buy ratings and three Holds.
Why StandardAero’s Pullback Could Be a Buying Opportunity
StandardAero (NYSE: SARO) is, at $9 billion in market cap, quite a bit larger than Ducommun, but still far from the scale of the biggest players in aerospace. The company has had a dramatically different share-price trajectory this year compared with DCO—SARO stock is down 5% YTD after multiple rises and falls earlier in the year.
Investors looking closely at the company's financials may see this decline as an opportunity. After all, StandardAero reported 13.3% YOY revenue growth in the most recent quarter, driven by durable demand and strong sales growth for its LEAP engine products. Military contracts and demand are helping drive these top-line gains and have allowed management to raise full-year guidance to as much as $6.45 billion in revenue.
Margins have been a weaker area, but much of that is likely due to low-margin pass-through inventory and the timing of engine shipments. On a positive note, the company is on track with its capital deployment plans, having completed about $60 million in share repurchases last quarter.
All of this leads analysts to take a fairly bullish view of SARO stock, with eight Buys and six Holds. Wall Street sees a price target of $34, which is more than 28% above where SARO currently trades.
HEICO's Aggressive Acquisition Strategy Is Paying Off
HEICO Corp. (NYSE: HEI) is by far the largest company on this list at $48 billion in market cap, but it sits in the middle when it comes to performance: HEI shares are up 7% YTD after an early-year dip that has reversed course in recent weeks.
One of the strengths of HEICO's size is its ability to pursue an aggressive acquisition strategy. In June alone, the company announced the completion of two acquisitions: Cook Defence Systems, a maker of track systems for armored defense vehicles; and CalRamic Technologies, a manufacturer of high-voltage ceramic capacitors. These two deals highlight HEICO's inorganic growth strategy, allowing the company to buy smaller niche firms and expand its offerings.
This approach can work as long as HEICO's financials support it, and the company appears well positioned to do just that. In the last reported quarter, net income surged 49% YOY, and net sales climbed 25% over the same period. Operating cash flow of $292 million represented a 43% YOY improvement. Given its size and scope, HEICO has strong positioning in commercial aviation, defense, and space applications, all of which are experiencing rising orders and backlogs.
Fission for Profits: Unlocking America’s Uranium Vault
Author: Jeffrey Neal Johnson. Published: 7/14/2026.
Key Points
- Energy Fuels shares fell more than 10% over 30 days as investors weighed dilution from the $1.9 billion Vacuumschmelze deal, which involves issuing roughly 65.8 million new shares.
- CEO Ross Bhappu and a company director bought company stock in early July, signaling insider confidence despite short interest reaching about 19% of the public float.
- The company is positioning its White Mesa Mill and expanding rare-earth capabilities to capitalize on rising AI-driven power demand and the 2027 expiration of the Russian uranium import ban.
- Special Report: SpaceX is offering you shares. Don't take them.
Energy Fuels (NYSEAMERICAN: UUUU) recently absorbed a sharp valuation reset as the market weighed the potential dilution and funding needs tied to its pending $1.9 billion Vacuumschmelze acquisition. Energy Fuels' share price fell more than 10% over the past 30 days, settling in the $13 range.
Newly appointed CEO Ross Bhappu quickly capitalized on that technical weakness, making a $967,920 open-market purchase. When a chief executive invests nearly $1 million of personal capital in company stock following a strategic pivot, the broader market tends to take notice.
Powering the Future of Work. Secure $0.79 Shares by 7/30. (Ad)
Hybrid work is the new norm for millions of workers, but the hardware never caught up.
Two monitors at a desk. One cramped laptop screen everywhere else. A different setup every time the location changes.
This company's technology turns any laptop into a virtual workspace with up to five monitors, wherever the work happens. Home office. Hotel room.
1.5M+ users already work this way, many spending 40-60 hours a week inside the platform. It makes it easier to stay focused and productive without missing a beat when context-switching.
The company has real technology traction, including partnerships with Meta, Samsung, and Qualcomm.
Shares available at $0.79 through July 30. Invest today.This high-conviction insider accumulation suggests management sees long-term value in Energy Fuels’ proposed Western mine-to-magnet platform — and that Wall Street may be severely mispricing the company’s potential.
Fueling the Future: Writing the Next Chapter for Uranium
Insider accumulation against a heavily shorted float rarely happens without a structural macro catalyst.
Right now, global tech giants are inadvertently writing the next chapter for domestic uranium producers. Investors are witnessing a fundamental shift in energy infrastructure, where uninterrupted baseload power is no longer just a utility concern but a foundational requirement for the artificial intelligence (AI) revolution.
As Energy Fuels pursues a broader critical-materials strategy spanning uranium, rare-earth separation, and proposed downstream metals, alloys, and permanent-magnet manufacturing, market participants are watching to see whether the company can translate that expansion into earnings and cash flow.
Magnetic Attraction: The Math Behind the Mine-to-Magnet Moat
To understand the recent price compression, investors need to examine the mechanics of the Vacuumschmelze acquisition.
The market rarely responds well to immediate dilution.
The $1.9 billion purchase required issuing approximately 65.8 million new shares, representing roughly 30% shareholder dilution, alongside a $718 million cash outlay. This structural equity overhang has driven Energy Fuels' share price to current levels.
While the prospective dilution remains a near-term concern, long-term fundamentals suggest the deal could be a highly accretive strategic pivot.
Energy Fuels is building a Western mine-to-magnet supply chain, moving beyond pure extraction and into high-margin processing and separation. The company differentiates itself from competitors by operating the White Mesa Mill in Utah. Unlike in-situ recovery methods that dissolve uranium underground, White Mesa is the only fully licensed and operating conventional uranium-processing facility in the United States. This unique status means Energy Fuels can process raw ore from its own mines and act as a toll miller for third-party producers, creating multiple, diversified revenue streams.
Financially, the company entered the transaction process with substantial liquidity. Energy Fuels ended Q1 2026 with a strong liquidity profile, holding $956.6 million in working capital. That war chest includes $108.4 million in cash and equivalents and $802.2 million in marketable securities. Operations generated $8.3 million in positive operating cash flow during Q1 2026, reversing an $18.8 million outflow year over year. This balance sheet strength gives management room to absorb integration costs while aggressively ramping up operations.
The 2027 Catalyst: Avoiding the Russian Supply Squeeze
The fundamental thesis for domestic uranium goes far beyond traditional grid maintenance. Hyperscale AI data centers demand uninterrupted, carbon-free electricity. Intermittent sources like wind and solar alone cannot provide the reliable baseload power required to run next-generation AI infrastructure.
Projections indicate U.S. data center electricity demand will surge toward 580 terawatt-hours by 2028, sparking a structural shift as tech companies scramble to secure long-term power purchase agreements (PPAs) with nuclear operators.
At the same time, a regulatory supply shock is approaching. The U.S. ban on Russian low-enriched uranium imports — which has been in effect since August 2024 — expires at the end of 2027. This legislative deadline forces Western utilities to rapidly secure domestic offtake agreements to ensure their reactors stay online.
Energy Fuels sits squarely at this bottleneck. Management expects to hit 1.6 million pounds of finished U3O8 by mid-year 2026, tracking in line with full-year guidance of 1.5 million to 2.5 million pounds. As the 2027 deadline nears, domestic producers with operational mills could gain significant pricing power.
The Insider Edge: Calling the Bottom Before Earnings
The current setup presents a classic battle between institutional short-sellers and company insiders.
Short interest in Energy Fuels stands at about 19% of the public float, marking a nearly 25% month-over-month increase.
This elevated short-interest ratio of four days to cover indicates a fairly large pocket of bearish sentiment. A ratio of four days suggests that any sudden upside catalyst could trigger a scramble for shares, leading to rapid forced buying.
Options flow data corroborates a shifting tide. A bullish put/call ratio of 0.38 indicates that, despite the heavy short volume, long-side accumulation is quietly building in the derivatives market.
Insiders are taking the other side of the bearish trade with remarkable aggression. CEO Ross Bhappu's purchase of 74,000 shares at an average price of $13.08 on July 7 was followed immediately by Director Bruce Hansen's purchase of 4,000 shares at $12.70 on July 8.
Insider accumulation ahead of a liquidity event, such as the Q2 2026 earnings report estimated for Aug. 6, often signals deep internal confidence in upcoming operational guidance and mill throughput metrics. When insiders buy heavily into a declining chart, they are effectively calling a bottom, leveraging their asymmetric knowledge of Energy Fuels' operational trajectory.
Frictional Forces: CapEx and the Margin Challenge
No investment thesis exists without risk, and the transition into a fully integrated processing powerhouse presents undeniable hurdles.
The primary headwinds are balance sheet stress and execution risk. Heavy capital expenditures required for mill modifications and acquisition integration continue to pressure free cash flow, highlighted by an $85.63 million net loss over the trailing 12 months. Net margins remain deeply negative at 83%, and Energy Fuels missed Q1 2026 earnings per share (EPS) consensus estimates by two cents.
Investors should recognize that the transition from a pure-play miner to an advanced materials processor requires significant upfront capital. If Energy Fuels faces delays in scaling its rare earth element separation capabilities, or if uranium spot prices experience unexpected weakness, the company could face further downside pressure. The company recently secured a conditional $725 million loan commitment from the U.S. government to scale these specific rare earth capabilities, providing a substantial safety net, but execution remains squarely on management's shoulders.
Empowering Portfolios: Seizing the Valuation Inefficiency
The secular tailwinds driving the nuclear renaissance show no signs of slowing.
Global technology giants recognize that robust, continuous power is the foundational layer of the AI revolution. As the 2027 cutoff for Russian enriched uranium approaches, the strategic value of the White Mesa Mill becomes increasingly apparent.
The recent valuation reset, driven by the need for acquisition financing, has created a compelling technical entry point that Energy Fuels leadership is actively exploiting.
Market mechanics suggest an asymmetrical risk-reward profile at current levels. The aggressive C-suite buying against a 19% short float sets the stage for a potential short-covering rally if management delivers strong guidance during the upcoming August earnings call.
Risk-tolerant investors may want to add Energy Fuels to their watchlist as the market digests the recent dilution and shifts its focus toward the company's proposed Western mine-to-magnet platform and expanding domestic uranium production.
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