A message from our friends at Golden Portfolio Warren Buffett is sitting on $325 billion in cash – his largest hoard ever. Not because he wants to – but because he can’t find value in the usual places. Now, as US government spending spirals out of control, Buffett knows he’s losing billions of dollars to inflation. That’s why I predict Buffett’s next investment will catch millions of people off guard. It’s not another bank… railroad company… or more shares of Apple. It’s a gold company. How do I know? Because the math doesn’t lie: You can buy the average gold developer for $30 and get back $13 a year — That’s a 43% ROI annually. Over 10 years, that’s $130 on a $30 investment. Tell me where else Buffett can get that. But there’s one specific miner Buffett likes best: - It’s the best-managed major gold miner in the industry…
- Has massive cash flow…
- Is trading at a deep discount to fair value…
- Positioned at the heart of Trump’s new mining push…
Don’t wait for Buffett to reveal his position in his 13F filing on August 15th… Right now, you have the chance to front-run the greatest investor of all time. Go here and I’ll give you the name and ticker – along with details on my top four small miners. To your wealth, Garrett Goggin, CFA, CMT
Chief Analyst & Founder, Golden Portfolio P.S. A lot of investors write in to tell me how much they’ve made in Bitcoin. My reply? Good for you. First off, gold investing is cyclical. You really only want to own gold at one specific time in the cycle. That time is now. Second, the world’s governments are not buying Bitcoin. They’re betting on gold. All of them. Bitcoin (does anyone really know for sure the US government didn’t create it?) will be a good bet… until it isn’t. It may end up doing great. Or it may be eclipsed by any number of tech developments. Meanwhile, gold will continue to do what it’s done for almost 6,000 years of recorded human history: Protect wealth through chaos. Go here if you want the name and ticker of Buffett’s likely gold play… and details on my top four miners
For Your Education and Enjoyment Is J.B. Hunt Stock a Sleeping Giant Heading Into 2026?Written by Thomas Hughes 
Key Points - J.B. Hunt outperformed in Q2, but the bar was low, and risks remain for this transportation stock.
- The company's assets are declining, liabilities are rising, and equity is eroding.
- The long-term outlook is positive, but headwinds may cause this stock to retest its first-half lows in the second half of the year.
J.B. Hunt Transport Services' (NASDAQ: JBHT) stock price hit bottom earlier this year, setting it up for a significant reversal and potential gains over the next three to five years. The caveat is that it will take time for this shipping giant to regain traction and shift into a more bullish gear. The FQ2 2025 earnings were better than expected, and guidance was optimistic; however, risks remain, including those to capital return. The takeaway for investors is that this transportation stock has set its bottom and is unlikely to reach new lows; however, it will likely remain range-bound in 2025, potentially retesting support at lower levels than where it trades in mid-July, creating a more attractive entry point. 
The risk to the capital return is significant. While the dividend is safe, the buybacks are not. The company’s Q2 income and free cash flow were insufficient to cover the total CAPEX, dividend, and buybacks, resulting in increased debt compared to the prior year's quarter and year-end. With only $355 million left on the current authorization, the risk is that share repurchases could slow or cease within the next quarter or two, depriving the market of much-needed support until business picks back up. The dividend is reliably safe at less than 30% of the earnings outlook and is still expected to increase annually. The company may slow the pace of dividend distribution increase, but it is unlikely to give up its 20-year history of consecutive increases easily. JBHT’s Diversified Business Shows Strengths and Weaknesses in Q2 J.B. Hunt’s Q2 was neither bad nor good, with revenue of $2.93 billion, remaining flat compared to the previous year. The result is driven by strengths in most segments, offset by weaknesses in the same. The strengths include a 6% increase in Intermodal loads and Integrated Capacity Solutions revenue per load, a 3% productivity improvement in the Dedicated Capacity Solutions segment, and a 13% increase in JBT loads. Weaknesses include a 10% decline in Final Mile Services, a 9% decrease in ICS volume, a 3% reduction in DCS trucks, and a decrease in revenue per load in the JBI and JBT segments. Margin is the worst of the news. The company’s focus on efficiency and cost reductions is helping, but it has not fully offset the impacts of inflation. Inflation mainly affects wages, compensation, and insurance costs, which have slightly reduced profit margins. The net result is $197.3 million in operating income, a 4% reduction, and plans to reduce costs by an additional $100 million annually. The company didn’t give specific guidance, but remains optimistic; the outlook for wage and insurance costs is for them to continue rising. J.B. Hunt’s Share Buybacks Come at a Cost J.B. Hunt’s share buybacks set a quarterly record in FQ2 2025, resulting in a 5% average quarterly reduction. The bad news is that buybacks are reflected in the balance sheet with liabilities rising and assets and equity falling. Equity fell by nearly 10% YTD in 2025 and will likely continue eroding until growth is reinvigorated, buybacks or not. The post-release price action isn’t encouraging. The market fell by 1% in pre-market action following losses in the prior session that confirmed resistance at a critical level. The analysts were optimistic ahead of the release, issuing several price target increases that led to a high-end range; however, they may not continue this trend now. A series of price target reductions would put a firm cap on this market, ensuring a move lower in the third quarter. Until then, JBHT is rated as a Moderate Buy with potential for roughly 8% upside.
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