From rising defaults to low credit spreads, new regulation and competition (on two fronts), mainstream income-focused investors have grown a bit too comfortable (complacent) investing in the previously-niche BDC industry (which now faces bigger challenges, as the market cycle is coming full circle). This report will walk you through the challenges, with a special focus on industry stalwart Ares Capital (ARCC) (now trading at roughly book value and offering a big 9.4% dividend yield.
2026 Leaderboard: Gold, Silver, Chips, Software, Growth & Non-US Edition
Google's Big Rally: Ranking The Magnificent 7 (2026-2027)
Alphabet stock (GOOGL) is up 76% over the last year, and the gains are driven by several of the same market themes (e.g. the cloud, AI and ecosystem) fueling the “Magnificent 7’s” dominance versus the rest of the S&P500. Alphabet has been a stalwart position in my portfolios (especially since the overblown narrative that ChatGPT would overthrow Google’s search dominance), and I’m sharing this report to help readers formulate their own forward-looking opinions. Specifically, this report ranks the Mag 7, including a special focus on Alphabet, and then concludes with my strong opinion on portfolio positioning going forward.
BH Fear Index: Greed Trumping 2026 Macro & Geopolitical Risks
After 3 consecutive strongly-positive years for US stocks (see graph), 2026 is off to a healthy start, despite geopolitical risks (Maduro removed from Venezuela) macroeconomic political risks (the Trump administration continues to pressure Fed Chair Jerome Powell), as the BH Market Sentiment Index sits at 70 (Greed).
Palantir: 5 Big Risks of Backward-Looking Financial Analysis
In the face of naysayers, the meteoric rise of Palantir stock has been nothing short of spectacular. To be certain, this is a very real, very fast-growing, very high profit margin business benefiting from the intersection of big-data software and accelerating Artificial Intelligence (“AI”). This report reviews 5 big risks of “backward-looking financial analysis” that caused most Wall Street analysts to miss this generational wealth-building opportunity over the last few years (while many retail investors got rich), as well as what these 5 big risks say about the business and the share price opportunity going forward.
CEFs: The 50 Biggest Big-Yields (Plus Lots of Data)—A Few Names Really Standout!
This report shares updated data on 50+ of the biggest big-yield Closed-End Funds (CEFs, by market cap), including current yield, discounts and premiums, leverage, beta, long-term performance and more! Interestingly, a few very popular PIMCO CEFs have recently come down in price (relative to NAV) which makes for some unusually attractive entry points on some premier double-digit yields (paid monthly). Muni bonds look good too (if you are in a high bracket and invest via your taxable account). Enjoy!
BH20 Growth Stocks: 2025 Megatrends, Room to Run in 2026
BH Fear Index: Muted Sentiment into Holiday Week
BH20 Growth Stocks: Ranking the Best of 3 Big Market Themes
BH20 Growth Stocks: Gold & Silver Stocks Are Soaring (5 Reasons)
This week’s BH20 Growth Stocks are again dominated by two themes: (1) The AI Megatrend, and (2) Gold & Silver Stocks are Soaring. You can access the full list in this update, including detailed explanations and data for every stock that made this week’s ranking, plus 5 Reasons Why Gold & Silver Stocks Keep Soaring. Enjoy!
BH Sentiment Index: Despite Pullback, Bulls in Control
Altria: 40 Big Yields Down Big, These 4 Worth Considering
When it comes to income-focused investing, not all big yields are created equally. And from four distinct big-yield categories (including (1) declining businesses, (2) manufactured distributions, (3) selling shares, and (4) well-covered qualified dividend yields), Altria’s category is arguably the best (it’s in the fourth group) and the shares are currently down big and worth considering. This report shares data on 40 big yields (with share prices currently down big), reviews four attractive investment opportunities (from across the four groups), dives deeper into Altria (including a review of the business, sin-stock valuation discount, dividend safety and risks), and then concludes with my strong opinion on investing.
AI Chokepoint Kings: 4 Stocks Control the Entire Megatrend Build-Out
In the accelerating race to build-out artificial intelligence (AI) at scale, just a small handful of companies hold the literal "on/off switches" for the infrastructure powering it all. Dubbed "chokepoint kings," these firms control irreplaceable elements amid surging demand. Here are the four AI Chokepoint Kings, including a description of what they do, how they are currently being valued by the market, and my opinion on investing.
BH20 Growth Stocks: Separating The "Most Liked" from "The Best"
No one has a working crystal ball, but it’s not hard to see where the market is going (e.g. the “cloud AI megatrend,” for example). Where uncertainty starts to creep in is the likely winners (e.g. mega-cap hyper-scalers) versus the less-certain long-term winners with more volatile upside (e.g. the nuts-and-bolts hyper-scaler suppliers and datacenter component makers). This week’s BH20 fast-paced growth stocks shares a handful of top ideas from the latter group (e.g. huge upside “potential” but volatile and less-certain).
BH Sentiment Index: Did You Buy into the Fear (Because it's Over Now)
BH High Income Portfolio: Big Yield, Small Rebalance
The 25-position Blue Harbinger “High Income Portfolio” continues to offer a high yield (currently 9.6%). There have been no new buys or complete sales, but the existing portfolio positions have been rebalanced to trim some winners (trading at higher prices) and add more to attractive opportunities trading a bit lower (attractive). You can access the updated holdings in this report.
Trinity Capital: Despite Risks, 14% Yield Worth Considering
There are lots of ways to earn big yield in this market, and the BDC space (business development companies) is ripe with opportunities. And while BDCs come in a wide variety of shapes and sizes (data is shared in this report), one that stands out is Trinity Capital (TRIN) because of its growth-sector niche (arguably better aligned with the “new” US economy), internal management team (less conflicts of interest) and outstanding 14% dividend yield. This report reviews all of that, plus the big risks Trintiy currently faces, and then concludes with my strong opinion on investing.
Software Application Stocks: Oversold
As the AI megatrend continues to grow, one of the lesser-noticed side effects within the technology sector has been the flow of dollars out of otherwise attractive software companies and into AI stocks. As a result, a lot of really attractive software stocks (those with high growth and high profits) are actually significantly underperforming the market and trading at increasingly attractive valuations.
The S&P 500 Cloud-AI Bubble: Huge Pain Ahead!
Far more money has been lost waiting for the market to correct than in the actual corrections themselves. That is a paraphrase of Peter Lynch, and it’s likely a wise warning for investors in the current “cloud-AI bubble” led by a small handful of US mega-caps stocks. The warning cuts hard both ways, as many investors will likely face huge financial pain in days ahead. This report reviews the current state of the cloud-AI bubble, considers a secular market paradigm shift, discusses the huge financial pain many investors are about to inevitably face, considers a handful of S&P 500 risk metrics and then concludes with my strong opinion on how to defend yourself against the growing cloud-AI bubble.
BH Fear Index: Despite Moody Market, Be Prudently Optimistic
In yet another whipsaw move for the market, investors "bought the dip" driving the BH Sentiment Index from only 20 ("Fear") to now 55 in just one week. It's been a wild and unusual ride over the last 4 weeks as the market "Fear Index" (The VIX) spiked and is now falling, credit spreads widened a bit (and are now shrinking) and growth stocks have come roaring back after the market sold off following Nvidia earnings (which were very good) and now news that Google TCU chips are finding massive inroads with AI.