Dear Reader,

Before SpaceX becomes the biggest story in the market…

Before the IPO speculation floods every headline…

Before millions of investors start piling in blind…

You need to see this.

Because what Elon Musk is actually building right now?

Has almost nothing to do with rockets.

Click here to see what I mean.

Behind the scenes, he’s quietly assembled something much bigger than SpaceX itself.

A global network…

Hundreds of locations…

Thousands of autonomous systems…

All working together to power the next phase of artificial intelligence.

I call it “AI Everywhere.”

It’s already in place.

It’s expanding rapidly.

And almost no investor has connected the dots yet.

That’s the setup.

I just recorded a short presentation breaking it all down—including:

• What this “AI Everywhere” buildout really means
• Why it could reshape the entire market
• And exactly how you can position yourself before this becomes a mainstream story

Click here to watch the full presentation now

Right now, this is still early.

But once the headlines catch up?

It won’t be.

Matt McCall

P.S. The window on stories like this closes fast. By the time CNBC is talking about it, the easy money is usually gone. Watch the full presentation here while it’s still free to access.

The USMCA Review Is Coming: 3 Border-Sensitive Stocks to Watch

Author: Chris Markoch. Originally Published: 5/8/2026.

Investors are understandably tired of hearing about tariffs. But the United States is approaching a deadline that, despite not getting much coverage, could have a significant impact on stocks in the second half of the year.

The United States-Mexico-Canada Agreement (USMCA) replaced the North American Free Trade Agreement (NAFTA) in 2020. The agreement introduced updated provisions on rules of origin, labor rights, digital trade, and agricultural market access.

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But unlike many other trade deals, negotiators added a sunset clause to the USMCA. That means it’s subject to review every six years, starting this year. This gives all parties an opportunity to relitigate terms.

The best-case scenario, which offers the most stability for markets, would be for countries to maintain the current terms of the agreement with minimal disruption. However, many analysts assign this the lowest odds of occurring.

It’s also likely that, rather than confirming the agreement through its 2036 expiration, the nations will enter into a cycle in which the agreement is revisited every year for the next 10 years.

Which Sectors Will Be Most Impacted?

The good news is that many sectors won’t be impacted. However, any changes to the USMCA are likely to be felt acutely in the following sectors:

• Automotive (highest risk), with the likelihood of more frequent origin audits across manufacturers and suppliers.

• Electronics, particularly those with components of Chinese origin.

• Energy, as companies face mounting pressure to align with policy directives.

• Agriculture, which intersects with two disputes—one between the U.S. and Canada regarding dairy access and another with Mexico over implementation gaps.

With that in mind, here are three stocks that carry explicit risk in the upcoming USMCA negotiations.

Ford Faces a High-Stakes USMCA Catalyst With Supply Chain Exposure

Ford Motor Co. (NYSE: F) is the company with the highest exposure of the three names in this article. The automaker assembles vehicles in Mexico and runs a deep cross-border supply chain.

Under existing USMCA rules, vehicles imported from Mexico must have at least 75% of their value originating in North America to qualify for duty-free treatment. Any renegotiation that tightens the regional value content (RVC) threshold, the labor value content (LVC) rules, or introduces new restrictions on Chinese-origin components would directly affect Ford's cost structure.

Ford has already been stockpiling USMCA-compliant parts and scrambling to audit its supplier tiers. A USITC 2025 report found that the rules of origin (ROOs) slightly reduced profits and production for U.S. automakers, which is why automakers are expected to push for ROO refinements as they adapt to EV growth and tariff changes.

Ford's more relevant near-term story may be the upside embedded in the tariff offset program. The April 2025 proclamation established an "import adjustment offset" equal to 3.75% of aggregate MSRP for all U.S.-assembled vehicles built through April 2026, stepping down to 2.5% for the May 2026–April 2027 window. Ford anticipates roughly $1 billion in tariff improvement year over year due to a full year's worth of credit expansion.

The USMCA review is, therefore, less a pure downside risk for Ford and more a binary catalyst. An extension strengthens the offset program's durability, which may not be priced into the stock; disruption calls its mechanics into question.

PACCAR’s U.S. Manufacturing Footprint Could Become a Competitive Edge

Another name to watch among automotive stocks is PACCAR Inc. (NASDAQ: PCAR). About 90% of PACCAR's U.S.-delivered trucks are manufactured in U.S. factories, but components come from Mexico, Canada, Asia, South America, and Europe. That means all are potentially subject to additional tariffs (PACCAR estimated roughly $75M in tariff costs in Q3 2025).

However, PACCAR's domestic assembly footprint could be a competitive hedge against rivals. Two competitors, Daimler Truck and Traton, build in Mexico and can sidestep certain levies, giving them a per-unit cost edge over U.S.-assembled trucks. Bernstein estimated a roughly 3% cost premium for USMCA-compliant Mexico-built trucks versus U.S.-assembled trucks. A renegotiation that tightens ROO and raises labor or content requirements for Mexico-assembled trucks would narrow that competitive advantage. PACCAR's CEO has been actively working to boost sourcing of USMCA-certified parts to reduce long-term exposure.

Kraft Heinz Navigates Agricultural Risk and Cross-Border Tensions

Kraft Heinz (NYSE: KHC) is a consumer staples stock with exposure across two channels. It manufactures in Canada (and benefits from cross-border USMCA duty-free treatment). It also sources agricultural inputs from across the region.

Mexico and Canada remain two of the most important export markets for U.S. farm products such as corn, soybeans, meat, and dairy, and the United States Trade Representative (USTR) has expressed dissatisfaction with Canada's implementation of dairy access provisions.

A renegotiation that triggers Canadian retaliation on agriculture or disrupts KHC's Canadian manufacturing operations is the biggest risk. Tariff-induced pressures have already hurt Kraft Heinz's profitability and stock price, and internal strategic tensions have been noted.

However, KHC's partial natural hedge is that it manufactures in both the U.S. and Canada. That means it can lean on "Canadian-made" positioning in the event of consumer-level boycotts driven by trade friction.

Joby’s Stock Just Got Its Wings Over New York City

Reported by Jeffrey Neal Johnson. First Published: 4/28/2026.

The future of urban transportation has long been a promising but distant vision for investors. But a series of recent flights weaving through the iconic New York City skyline has forcefully pulled that future into the present. Joby Aviation, Inc. (NYSE: JOBY), a leader in the electric air taxi space, just concluded a week-long campaign of demonstration flights, offering the clearest evidence yet of how its service is expected to operate in the real world. The event delivered more than eye-catching photos; it was a powerful show of operational readiness that appears to have served as a market catalyst.

The reaction from investors was swift and decisive. In the wake of the successful demonstrations, Joby’s stock price rose more than 6% to close above $9. The move was fueled by a surge in interest, as trading volume jumped to 44.3 million shares, nearly double the daily average.

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This surge in activity suggests that the market is beginning to price in Joby's transition from a developmental story to one of imminent commercial application.

For investors weighing the urban air mobility sector, the event signals a shift from conceptual promise to tangible progress.

It’s Not Just a Flying Car; It’s a Travel Network

While the New York flights were the public-facing victory, they are supported by a meticulous, multi-year strategy to build the infrastructure needed for a scalable commercial network. The flights themselves were a critical proof of concept, connecting John F. Kennedy International Airport to Manhattan heliports in under 10 minutes. Successfully navigating one of the world's most congested and complex airspaces validates the technology and de-risks the operational model in a way no simulation could. But this is just one piece of a much larger global blueprint.

Joby has been systematically putting the puzzle pieces together for a strong market entry:

• An Acquired Customer Base and Infrastructure: Joby’s 2025 acquisition of Blade Air Mobility’s passenger business was a masterstroke. Instead of building a customer base from scratch, Joby instantly inherited an established clientele that saw over 90,000 passengers in 2025. It also gained control of crucial terminal infrastructure and passenger lounges in key markets, providing a seamless pathway to transition existing helicopter users to its quieter, more efficient eVTOL aircraft.

• A Nationwide Expansion Strategy: Joby’s ambitions are bicoastal. A recently announced partnership with real estate developer Reuben Brothers will establish a vertiport at a luxury residential tower in Los Angeles. This strategic move accomplishes two goals: it anchors the network in another major U.S. urban center and taps into the high-margin luxury market, creating a new service offering for affluent residents.

• A First-Mover Advantage on the Global Stage: Looking beyond domestic borders, Joby has secured an exclusive agreement with Dubai's Road and Transport Authority. This partnership positions Joby to be the premier air taxi provider in one of the world's most forward-thinking and fastest-growing cities, with a potential service launch as early as 2026. That establishes a powerful first-mover advantage and serves as a model for future international expansion.

The Last Mile of Regulation: Crossing the FAA Finish Line

In the aerospace sector, innovation means little without regulatory approval. For investors, the single most important hurdle for Joby is securing Type Certification from the Federal Aviation Administration (FAA). Joby’s progress on this front suggests it is in the final stages of a long and rigorous process. The company has fostered a collaborative relationship with regulators, highlighted by its role as a key partner in the White House-backed FAA eVTOL Integration Pilot Program (eIPP), an initiative designed to help safely fast-track this new generation of aircraft into the national airspace.

More importantly, Joby recently hit a critical certification milestone: the first flight of its conforming aircraft. This term is crucial for investors to understand. It means the aircraft that flew was built to the final design specifications that will be certified, rather than being a prototype.

This achievement unlocks the final and most critical phase of testing: Type Inspection Authorization (TIA). During this stage, FAA pilots enter the cockpit to conduct official, for-credit flight tests to validate every aspect of the aircraft's performance and safety. Successfully completing these TIA tests is one of the last major steps before the FAA gives Joby the green light to carry commercial passengers.

High Short Interest and Hot Options Activity

Beyond the strong fundamentals, the technical setup and recent trading dynamics in Joby's stock are painting an intriguing picture for investors. Joby’s stock currently has significant short interest, with more than 12% of its public shares sold short.

While this reflects a group of market skeptics, it also creates the potential for a short squeeze. This phenomenon occurs when a stream of positive news, such as a successful New York City demo, forces short sellers to abandon their negative bets by buying back shares. That wave of buying pressure can, in turn, trigger a rapid, powerful upward surge in the stock price.

This potential is amplified by recent trends in the options market. The volume of call options, contracts that represent a bet on the stock's price rising, recently surged by 40%. This indicates that a growing number of sophisticated traders are positioning for near-term upside.

This speculative interest is further supported by Joby's track record of solid financial execution. During its fourth-quarter 2025 earnings report, Joby comfortably beat analyst expectations on both revenue and earnings per share, demonstrating its ability to manage its finances effectively while advancing toward its ambitious goals.

Your Ticket to the Future of Transport

Joby Aviation has successfully navigated the challenging transition from a company with a futuristic idea to an operator with proven capabilities and a clear, multi-market commercialization strategy. The successful New York City flights have sharply de-risked the investment thesis by proving the technology is viable in a complex, real-world environment.

While the consensus analyst rating remains cautious, the average price target is $13.81, implying potential upside of more than 50%, with some bullish analysts seeing the stock reaching $18. This disparity suggests that the market may still be catching up to Joby’s recent string of successes.

For investors, the path forward requires monitoring key milestones. The timeline for final FAA certification and Joby’s ability to scale its manufacturing operations efficiently remain paramount. Joby's capital needs and cash runway will be closely scrutinized as it prepares for the expensive phase of a full commercial launch. Those considering the stock should look to the upcoming first-quarter 2026 earnings report on May 5 as the next major data point. This will provide a fresh look at Joby’s financial health and offer management’s latest perspective on the timeline to bring air taxis to a city near you.