Trump’s Next Resource Target? This $5 Stock

🏦 A bigger bank dividend still needs a growth case  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

October 03, 2026   |   Read online   Trump’s Next Resource Target? This $5 Stock One government-backed stock exploded 388% in just 8 days. Another surged 216% in four months. Now economist Dr. Mark Skousen believes Trump’s team could be lining up its next critical-resource play. The target? A little-known $5 stock that already has a 75,000-metric-ton purchase agreement with Tesla and $130 million in government grants. If Skousen is right, this stock may not stay under the radar much longer. See the $5 Stock Before Trump’s Next Move >>   🏦 A bigger bank dividend still needs a growth case The Saturday Evening Memo · October 3, 2026 · Week ahead, using data through October 1   🌙 TONIGHT'S NUMBERS $60 Additional indicated annual cash on 100 JPM shares at the new rate; assumes four unchanged payments. 1.98% JPM indicated yield at October 1’s $333.18 close; not a forecast of total return. 7 stocks MarketBeat’s buy-and-hold report identifies seven businesses for a closer look at long-term ownership. Sponsored   JPMorgan Chase’s coming ex-dividend date offers a useful reason to examine a growing payment without chasing it. The bank’s September declaration raised the quarterly dividend to $1.65 from $1.50. For 100 shares, that means an indicated $660 annually if four payments stay unchanged, compared with $600 at the old rate. At Thursday’s close, those shares would cost $33,318 before trading costs. The extra annual income is welcome, but the purchase price still deserves a separate decision. This illustration excludes taxes, fees and reinvestment. A higher payment can improve an existing holding’s income without making any price sensible for a new purchase. The business behind that payment earns money from customers who borrow, make payments and use financial services. After operating costs, credit losses and capital needs, some earnings can return to shareholders. Chairman and CEO Jamie Dimon runs that business, rather than a bond with a fixed repayment date. The current indicated dividend yield is about 1.98%, well below the 10-year Treasury’s 5.24% October 1 observation. Owning the shares therefore needs a case for business growth, future income increases or capital appreciation. Those possibilities come with changing credit conditions and share values; the lower starting cash yield leaves more work for the growth case. October 6 is the listed ex-date and record date, with payment scheduled for October 31. Buying on the ex-date does not earn that dividend. Buying beforehand does not create free wealth either: the share price ordinarily adjusts for the distribution, alongside other market movements. I would use the two latest declared-payment rows to check the increase, then decide whether this bank belongs in a long-term allocation. A future raise is not guaranteed. If the money is needed for near-term spending, the approaching date is a poor reason to accept equity risk. The investment should remain appealing after the calendar event has passed.   Sponsored by Stocks To Trade A stock idea leaves the options terms unanswered A stock can look promising while the available options make the trade unattractive. Matt’s Income Blueprint pairs three screened stock signals with proposed entries and expirations, so the terms can be examined alongside the idea. The presentation explains how the tool connects that research with an options setup. Review the terms and potential outcomes before deciding whether a position belongs in your account. See the signals and proposed terms   The calendar below separates that bank payment from the telecom dates in the morning review.   💵 INCOME WATCH Declared JPM’s $1.65 was declared September 15, up from $1.50. It is an existing declaration, not a new weekend announcement. Ex-dates ahead JPM: October 6 ex-date and record; $1.65 payable October 31. These dates are in both the dividend feed and issuer history. Yield check VYM: indicated annual rate $3.6138 ÷ October 1 close $155.35 = 2.33%, versus same-day Treasury 5.24%. Fund distributions and principal vary.   For a different kind of business, Dover pairs a long dividend record with a much smaller starting yield.   🧾 THE STEADY · DOV Record 70 consecutive annual raises through 2025; the feed’s August 2026 increase to $0.525 extends the sequence to 71. Quarterly cadence. Income Annualized $2.10 ÷ October 1 close $188.06 = 1.12%, versus same-day Treasury 5.24%; future payments can change. Range 52-week reviewed range $157.36–$235.79. Industrial-business growth must carry much of the return case at this starting yield.   Monday brings the next opportunity to refresh the benchmark before comparing the cost of ownership.   📅 TOMORROW'S CALENDAR Monday, October 5 · 9:30 a.m. Eastern: regular U.S. equity open. Refresh any prospective purchase price. Monday, October 5 · 4:15 p.m. Eastern: H.15 rates — compare the updated Treasury benchmark.   Put the expected annual cash beside the capital committed, then ask what growth must supply. That keeps a dividend increase useful without letting its date make the investment decision. How much future dividend growth would you need from JPM at this starting yield? 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October 03, 2026 IRS Moves to Shut Down a Popular ETF Tax Workaround Revenue Ruling 2026-20 targets Section 351 ETF conversions. Comments on Notice 2026-62 are due October 28. Unsubscribe   Hey there, bargain hunter. If you have been eyeing certain ETF conversion strategies that promise to let you swap a pile of appreciated stock into a diversified fund without writing a check to the IRS, Treasury and the IRS just walked into the room and turned off the music. Sponsored A 64% Dividend from Gold? One little-known fund tied to gold is quietly delivering 64% Yields - paid monthly. And almost no one is talking about it. Click here to discover the secret gold income fund before the next payout. Scoreboard The U.S. Treasury and IRS issued new guidance on September 28, 2026 targeting investors as well as financial, tax and investment advisors who have been using an ETF strategy to avoid recognizing capital gains taxes. What Actually Happened Section 351 of the tax code generally lets investors transfer property to a corporation in exchange for its stock without recognizing a capital gain, subject to limitations. A transfer of a portfolio of securities to a newly formed ETF has been used as part of transactions designed to avoid recognizing built-in gains. In the scenario highlighted by the ruling, an investor contributed a portfolio to a brand new ETF, which then distributed some or all of those same securities soon after in redemption of shares held by an authorized participant, leaving the investor with a materially different mix while attempting to avoid recognition of built-in gains on the original holdings. Revenue Ruling 2026-20 holds that, for federal income tax purposes, the ETF is merely a conduit in such a plan and treats the investor as making a taxable exchange under Section 1001 with the authorized participant for the contributed securities used in the redemption. A Bloomberg analysis found that 105 ETFs created through these Section 351 seeding structures launched with about $22.1 billion in assets and deferred at least $6.5 billion in embedded capital gains, with activity accelerating since 2024. Sponsored The Government's Inflation Number Is Off By 4X Since 1971, official inflation figures show a rise of 8.3X. In reality, the U.S. money supply has grown 35X. Weiss Ratings senior analyst Gavin Magor calls the gigantic gap "Project Pyramid." U.S. debt is now over 121% of GDP. That's higher than the peak of World War 2. Foreign nations are already pulling back, and your portfolio needs its own backup plan. Here's the strategy Gavin recommends before the gap gets worse What the Market Is Really Saying This is not a niche accounting footnote. A Bloomberg report said more than $90 billion flowed into products marketed as “tax alpha” strategies between the start of 2025 and April 2026. The advisor channel that built product and revenue around these conversions is now staring at a compliance cliff. Other strategies flagged beyond the core 351 conversion include partnership exchange funds, box spread funds, record date strategies, regulated investment company income test avoidance, and certain tax-aware fund strategies. The crackdown is wider than one ruling. The death-by-a-thousand-heirs angle is what made regulators move. If you defer gains through a 351 exchange and hold those ETF shares until death, heirs can receive a stepped-up cost basis, which can eliminate the embedded gain for federal income tax purposes. What Is Still Allowed The notice expresses no view on Section 351 transactions that seed a new ETF with assets consistent with its investment thesis that are intended and expected to be retained absent a substantial change in circumstances. In plain terms: contribute appreciated stock to a fund that actually plans to hold it, and you are likely fine. Sponsored 5 Little-Known Stocks Behind Today's Defense Tech Shift Behind the headlines, a major transformation is underway. Modern warfare is being driven by AI, autonomous systems, and next generation technology. A handful of lesser known companies are helping power this shift. This report uncovers five stocks quietly playing a critical role in the future of defense. Learn More... Advisors and investors who use Section 351 to seed a new ETF with assets consistent with the ETF’s investment thesis, and that the ETF intends and expects to retain absent a substantial change in circumstances, may not be in the crosshairs of this particular ruling. The target is the in-and-out maneuver, not the legitimate long-term seeding transaction. One thing regulators are not going to do is kill the idea of exchanging securities for shares, because the core ETF ecosystem relies on in-kind creations and redemptions that are generally not taxable to the ETF under the rules that govern regulated investment companies. Action Plan Pending 351 conversion in progress: Stop before it closes and get a tax attorney to review it against the three red flags highlighted in the new guidance: evidence of a plan that includes a quick redemption after seeding, a distribution of some or all of the contributed securities in that redemption, and an end state where the investor has a materially different portfolio exposure. Long-term holders using legitimate seeding transactions: No immediate action needed, but document the business rationale thoroughly and stay patient until Treasury and the IRS decide whether to take additional action after the October 28, 2026 comment deadline. Advisors marketing tax-alpha ETF strategies: Recheck your compliance posture now. The government is explicitly signaling that it is looking past form to substance in these transactions. Ordinary ETF investors in BlackRock, Cambria, or other major ETF sponsors: No direct impact on standard fund operations. The ETF industry is a multi-trillion-dollar market, and regulators are not aiming to undermine the ordinary in-kind mechanics that make plain-vanilla ETFs run. Cheap Investor Checklist Watch for Revenue Ruling 2026-20 to be cited in any ETF prospectus amendments filed in the next 60 days. Track the October 28 comment deadline: pushback from the Investment Company Institute or Wall Street Tax Association could influence what comes next. Monitor whether Cambria, Alpha Architect, or other boutique ETF sponsors that built businesses around 351 seeds disclose material impacts in their next filings. Check whether any pending 351-seeded ETF launches are quietly pulled or delayed. Watch for legislative follow-through: Senator Ron Wyden has described related ETF tax mechanics as a loophole, and proposals to change capital gains treatment at death have repeatedly surfaced in Congress over the years. Bottom Line If the conversion was structured to move in quickly, swap out the holdings, and leave the IRS holding an empty bag, the IRS is now calling it a taxable exchange. If it was a genuine, long-term seeding of a new ETF with assets consistent with the ETF’s investment thesis that the ETF intends and expects to retain, you likely remain in the clear. The difference between those two sentences is where every advisor conversation needs to happen before October 28, 2026. This content is for informational purposes only and should not be considered financial advice. Investing involves risk. The Cheap Investor is a publication of Investing Media Solutions, LLC. 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