 A Message From Porter & Company I wish this wasn’t the case… But it’s happening, exactly as I predicted. I first warned my readers of this threat months ago. Many disregarded it. Now it’s accelerating and unless you prepare now you could be blindsided by an event two Nobel Prize winners have warned of… an event that you cannot ignore. The clock is ticking. Just take a look: In a single month, March of this year, U.S. employers announced 60,620 job cuts. That's a 25% jump from February. And one force was named as the reason why. Then the floodgates really opened. Meta announced it's laying off roughly 8,000 employees – 10% of its workforce – and quietly killing another 6,000 unfilled roles. The same week, Microsoft offered "voluntary separation" to 7% of its U.S. workers — more than 8,500 people. Translation: quit on your terms, or we'll fire you on ours. And they're not alone. Not by a long shot. Amazon cut 16,000 corporate jobs… Block cut 40% of its workforce…. Salesforce eliminated 44% of its support team... Oracle is reportedly axing up to 30,000 roles. IBM, Snap, Pinterest, Klarna… the list grows by the week. Almost 80,000 tech jobs evaporated in the first three months of 2026 alone. Although most people think this is about AI… it’s not. The story goes far deeper and is far more consequential. It’s something that I’ve been warning off for months now. And I’m not the only one. Two Nobel Prize winners have warned of this Final Displacement. Because they know, as I do, this event could trigger a once-in-a-generation wealth shift. A transfer of wealth that’s already begun with Goldman Sachs estimating 12,400 Americans are being financially destroyed every day… while others grow richer than ever before. Which side you’re on could depend on what you do next. Because for those who understand what’s unfolding, this could be one of the greatest wealth-building phenomena of their lives. But for those who bury their head in the sand… this force threatens to wipe out years of investment returns and could even destroy their financial future. Here’s the full story for you. 
26 years ago, I started telling friends, family, and anyone who would listen about an unprecedented societal shift that was barreling down on us. I’d discovered that a new technology was about to unleash massive, almost unimaginable, changes. I likened the impact to the railroad boom, the Industrial Revolution, and the rise of personal computing. At the time, I was working as an investment analyst for an elite research group, but my colleagues and bosses refused to listen to me. No matter what I said, they simply would not acknowledge the sands shifting beneath their feet. The legendary Dr. Kurt Richebächer – one of the world’s leading Austrian economists – even called me and my ideas “radical.” But I was certain this new technology would trigger a transformation that was simply unfathomable to most people… and those on the frontier could reap financial returns unlike any the world had ever seen before. So, I decided to put my entire career – not to mention every cent I had – on the line to spread the story myself. I left my job as a research analyst… went home to my third-floor apartment in one of Baltimore’s worst neighborhoods… and with a borrowed laptop, I wrote my first financial prophecy. And in an investment paper that’s now been read by more than one hundred thousand people… I explained how the endless miles of new fiber optic cables being laid was creating a new railroad across America. And that this new “railroad” was going to upend the telecommunications industry and pave the way for a new internet economy. I also warned it would decimate some of America's most dominant companies like AT&T. At the time, this was an outlandish idea, with analysts calling AT&T “dominant”, “unstoppable”, and “the giant that no other company can topple.” But those who were willing to open their minds to my so-called “radical” ideas were not only able to sell these companies before they collapsed… They also had the chance to get in early on the firms that would go on to command this new internet economy: Amazon, Adobe, Qualcomm, SunMicrosystems, Uniphase, Texas Instruments… These are household names now, but when I first recommended them in the late 90s, they were complete unknowns. Since then, I’ve issued a number of other financial prophecies, many of which have come to pass precisely as I predicted. But today, I’m stepping forward with a new exposĂ© that I believe could surpass anything I’ve ever done… It’s an investigation into what I call The Final Displacement… and I don’t think we will ever again see a story that rivals the magnitude of this during my lifetime. I’m not talking about AI… quantum computing… augmented reality… the blockchain… or anything else you might be thinking of. No. This is far bigger than them all. In fact… It’s the cornerstone that all our recent technological innovations have been built upon and the future will be built upon too. Yet you’ve likely never heard of it before. Outside of the labs in the world’s most prestigious universities and tech companies, almost nobody has. But those who have… those who can see the writing on the wall… they’re investing billions of dollars, as they know this will transform everything. Marc Andreessen… Ben Horowitz… Elon Musk… Jeff Bezos… Mark Zuckerberg…Jensen Huang… Bill Gates… the list goes on and on. They know, as I do, that in a few years from now, we will not recognize the world we live in. How we work, live, communicate, transact… it will all be completely upended by what’s coming next. Today, I’m going to share it all with you… and I promise you’ve never heard anything like this before. You see, despite the magnitude of this story, nobody is openly and freely discussing this turning point. And that deeply concerns me, because I believe its emergence will draw an indelible demarcation line in society. On one side, you’ll have those who understand it, invest in it, and who are greatly enriched by it. On the other side… you’ll have those who underestimate it, turn a blind eye and are unfortunately impoverished by the sweeping changes it ushers in. I know what side I’ll be on. And I know what side I want you to be on. So go here to watch my full investigation into this story. Including the names of the companies to buy and sell if you want to capitalize on the impending multi-trillion-dollar displacement. Good investing, Porter Stansberry
This Month's Exclusive Story
Oil Above $100 Is Creating a New Opportunity Beyond the Major ProducersAuthored by Chris Markoch. Article Posted: 9/12/2026. 
Key Points
- Rising oil prices above $100 per barrel are widening refiners' crack spreads, creating an investment opportunity in Phillips 66, Valero, and Marathon Petroleum.
- All three refiners delivered sharply higher second-quarter earnings, with refining strength helping profits outpace year-ago levels.
- Analyst price targets for all three stocks trail current share prices, suggesting the market is pricing in margin strength faster than Wall Street models.
- Special Report: Bezos… DOOMED?
Markets have followed a predictable pattern since the United States-Iran conflict began: When the price of oil rises, stocks fall, and vice versa. On Sept. 10, the price of crude oil crossed the psychologically important $100-per-barrel mark. That move comes just before investors receive the latest reading on consumer price inflation (CPI), which is expected to reflect the impact of higher gas prices.
Adding fuel to the sell-off, the CME FedWatch tool puts the odds of an interest rate hike in September at approximately 70%. That has had a significant impact on technology stocks, which are easy targets for investors seeking liquidity and looking to take some risk off the table. But money isn’t leaving the market; it’s simply moving to take advantage of higher oil prices. That has been true of integrated oil companies such as ExxonMobil (NYSE: XOM) and Chevron (NYSE: CVX). However, other investors are eyeing the widening crack spread (i.e., the profit margin refiners earn per barrel). That’s creating an opportunity for oil refiners. Phillips 66: The Buyback Signals ConvictionPhillips 66 (NYSE: PSX) fits the widening crack spread thesis cleanly. The company’s integrated refining and midstream footprint means it captures margin on both ends of the barrel. That leverage showed up in its Q2 2026 earnings report. PSX posted $9.41 in earnings per share (EPS), compared with a $7.50 consensus estimate, on revenue of $52.04 billion versus the $43.60 billion Wall Street expected. That’s roughly four times what the company earned in the same quarter a year ago. The analyst forecasts on MarketBeat show that analysts are racing to raise their price targets. Of the 21 firms covering PSX, 15 give it a Buy rating, compared with six Holds. The consensus price target is near $222—about 15% below where shares have recently traded. That gap between the share price and the target reinforces the dynamic in which the market is pricing in margin strength faster than analysts are willing to model it into their targets. The company’s management is also giving the stock a bullish boost. The board authorized a $10 billion stock repurchase program in late July, enough to retire nearly 12% of outstanding shares. Buybacks of that size are typically read as a statement that leadership sees the stock as undervalued relative to where the business is heading. That’s a direct rebuttal to the idea that this rally is sentiment-driven. Valero: Institutional Money Is Already ThereValero Energy Corp. (NYSE: VLO) is the purest refining play of the three, with no integrated upstream business diluting its exposure to the crack spread. That focus is showing up in the numbers: $12.54 in EPS against a $10.11 estimate, with revenue up 48.8% year over year to $44.48 billion. The stock has been the standout performer of the group, trading near its 52-week high and up sharply from its 52-week low of roughly $155. The Valero analyst forecasts on MarketBeat show that 21 brokerages cover VLO, with 10 Buy ratings, including two Strong Buys, compared with eight Holds and a single Sell. That gives the stock a consensus Moderate Buy rating, with an average price target near $301. Like PSX, that price target trails the current share price. What stands out with Valero is positioning rather than sentiment: Institutional investors own nearly 79% of the float, and several large holders, including a state pension fund, dramatically increased their stakes last quarter. That’s a different signal than retail enthusiasm. It suggests long-horizon capital is treating the refining-margin story as durable, rather than as a short-term spike to be faded. Marathon Petroleum: The Market Has Already VotedMarathon Petroleum (NYSE: MPC) shows perhaps the starkest version of the fundamentals-versus-perception gap. The company reported $17.73 in EPS against a $14.27 estimate, with revenue climbing 53.5% year over year to $51.99 billion. That was one of the strongest beats among oil refiners this earnings season. Seventeen analysts cover MPC, with a consensus Moderate Buy rating based on 12 Buy ratings, four Holds and one Sell rating. But the consensus price target of around $330 sits well below the stock’s recent trading level of nearly $400. Shares have gained more than 140% year to date, outpacing even bullish analyst models. That disconnect, however, is worth watching rather than automatically treating it as an opportunity. Wall Street isn’t broadly bearish on Marathon, but the stock’s fundamentals, driven in part by the same refining-margin strength tied to the oil-price shock, are moving faster than the analyst community can formally underwrite. For investors watching the “perception versus fundamentals” framework play out in real time, that’s the tell. The move in refiner stocks isn’t a story of hype outrunning earnings. It’s about earnings outpacing the models built to price them. . |
