I'm getting ready for a monster rally.
As we all know, Trump campaigned on steep tax cuts for individuals and corporations. If he can pass either or both through Congress in his first 100 days, and there's no reason to believe he can't, expect the markets to go stratospheric.
There's more to it than that – the corporate tax cuts are more than just reducing corporations' federal tax liability.
"Repatriation" of U.S. corporations' offshore stash is going to be a huge driver of the next leg up I see coming. The Fortune 500 companies alone have $2.4 trillion parked overseas.
One company in particular has the biggest cash hoard of them all.
I'm going to show you 246 billion reasons to buy it right now. It's the perfect time. This stock will unquestionably lead the surge higher I'm expecting in the next three months.
This Company Is Going to the Moon
Apple Inc. (Nasdaq: AAPL) keeps defying gravity. And, as you'll see, things could still get a lot better.
Its most recent earnings story was just extraordinary. It beat expected iPhone sales, selling more than 78 million units. It beat services sales and revenue, which rose more than 17% and generated more than $7.2 billion, a record in service revenue. It posted revenue records on sales of Macs and Apple Watches. It handily beat expected quarterly revenue, which came in at a record $78.4 billion.
Records are just being blown away left and right.
And, believe it or not (and you'd better believe it), the stock is still cheap.
Apple now sports a market cap of $675 billion, but it trades at less than 16 times earnings.
That's way below the S&P 500's PE ratio above 22, or 26 on a forward basis.
Incredibly, it gets even cheaper when you factor out the company's legendary $246 billion cash and equivalents pile.
Subtract $246 billion from the company's market cap of $675 billion, and, on that basis, you get a market cap against earnings of $429 billion.
That's a PE of 9. That's right: N-I-N-E.
What other company trades at a PE of 9? Try Bed Bath and Beyond Inc. (Nasdaq: BBBY). No, I'm not kidding.
Apple is absolutely a value stock, one of the market's most compelling buys right now.
But it's got even more upside in store.
Tax Cuts Will Make a Good Thing Even Better
About the Author
Shah Gilani is Chief Financial Strategist for Money Map Press and boasts a financial pedigree unlike any other. He ran his first hedge fund in 1982 from his seat on the floor of the Chicago Board Options Exchange. When options on the Standard & Poor's 100 began trading on March 11, 1983, Shah worked in "the pit" as a market maker. He helped develop what has become known as the Volatility Index (VIX) - to this day one of the most widely used indicators worldwide. After leaving Chicago to run the futures and options division of the British banking giant Lloyd's TSB, Shah moved up to Roosevelt & Cross Inc., an old-line New York boutique firm. There he originated and ran a packaged fixed-income trading desk and established that company's "listed" and OTC trading desks. Shah founded a second hedge fund in 1999, which he ran until 2003. Shah's vast network of contacts includes the biggest players on Wall Street and in international finance. These contacts give him the real story - when others only get what the investment banks want them to see. On top of the free newsletter, as editor of The 10X Trader, Money Map Report and Straight Line Profits, Shah presents his legion of subscribers with the chance to earn ten times their money on trade after trade using a little-known strategy. Shah is a frequent guest on CNBC, Forbes, and MarketWatch, and you can catch him every week on FOX Business' "Varney & Co."