My name is Porter Stansberry.

I'm the founder of one of the largest financial research firms in the world.

Over the last 26 years, we've helped investors navigate almost every major economic cycle, and we've been on the forefront of every big financial story from the rise of Bitcoin and mRNA vaccines to robotics and artificial intelligence.

But today, I'm breaking what I believe is the biggest story of my career.

Because one of the most famous historians alive — a man whose books have sold over 45 million copies in 65 languages — recently issued a warning that should stop every American dead in their tracks.

He warned of a coming wave that would create what he calls the "Useless Class."

Not the unemployed. The unemployable.

An entire segment of American society — including many white-collar professionals who earn six figures — rendered permanently irrelevant.

Not by a recession. Not by a policy mistake. But by a structural shift so large, so fast, and so irreversible that it has only one historical parallel.

1776.

That is not hyperbole.

As you'll see today, the last, and only, time a force this powerful reshaped the economic order was 250 years ago.

Now, on the eve of America's 250th anniversary, it's happening again.

One famous Stanford economist is even calling it:

"The biggest change ever… bigger than electricity… bigger than the steam engine."

And the aftershock could reset not just your personal wealth, but the entire U.S. economic system — how you work, how you earn, how you protect everything you've built.

Because as you'll discover, everything from the government quietly taking stakes in companies like Intel, Lithium Americas, and MP Materials…

To Trump's moves on Venezuela and Greenland… his never-ending executive orders… and his increasingly centralized grip over the economy…

All the way to the surging popularity of radical socialist politicians like Bernie Sanders, AOC, and Zohran Mamdani…

It's all deeply connected. All part of the same story.

A story that one Nobel Prize winner says is dividing not just the economy but our entire society.

And whether you end up on the winning side of this moment – or find yourself part of the historian's "Useless Class" – comes down to the decisions you make starting now.

The stocks to buy… the stocks to sell… and the three money moves to ensure you and your loved ones aren't left behind by what's coming.

It's all laid out here.

Good investing,

Porter Stansberry

OneSpaWorld Keeps Turning Cruise Demand Into Record Earnings

Author: Peter Frank. Posted: 8/16/2026.

While major cruise lines are performing well these days, with passenger counts and revenue on the rise, OneSpaWorld Holdings (NASDAQ: OSW) is performing even better.

In fact, every time you walk past the spa deck on one of these ships, there’s a good chance the massages, facials and medi-spa treatments are being provided by OneSpaWorld. This Bahamas-based company has also become a favorite among analysts.

With a current Buy rating, the company has built a business model around decades-long revenue-sharing partnerships rather than ships or hardware. It has now delivered 21 consecutive quarters of record revenue and adjusted earnings, a streak that even includes the pandemic years.

For investors, it’s a little-known company worth knowing about, whether its smooth sailing continues or major cruise operators decide to change course.

Record Growth Continues

The company’s latest report, released July 29, continues that story. Although the numbers were not exactly blowout results, they extended a streak that is difficult to find in the consumer services sector.

For the second quarter, OneSpaWorld reported that total revenue rose 9% year over year to $261.2 million, a quarterly record and a result that exceeded analysts’ expectations.

Net income jumped 16% to $23.2 million, or 23 cents per diluted share. On an adjusted basis, earnings came in at $29.8 million, or 29 cents per share, edging past the 28 cents analysts had projected and rising from 25 cents a year earlier. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA), the profitability measure the industry prefers, climbed 13% to $34.4 million.

First-Half Results Strengthen the Outlook

The first half of the year tells an even stronger story. Six-month revenue rose 11% to $508.9 million, while reported net income surged 27% to $44.5 million, or 44 cents per diluted share.

Supported by that momentum, management raised its full-year 2026 guidance to a range of $1.018 billion to $1.038 billion in total revenue. Adjusted EBITDA is expected to reach $130 million to $140 million, implying roughly 10% growth at the midpoint.

For the third quarter, the company is guiding to revenue of $268 million to $273 million and adjusted EBITDA of $35 million to $37 million.

Multiple Growth Drivers Support Expansion

Unlike other cruise recovery stories, OneSpaWorld’s growth drivers help explain its durable expansion.

The company focuses on catering to passengers rather than spending to attract them onboard. It now operates health and wellness centers on 208 ships, up from 200 a year earlier, and is adding higher-margin services such as medi-spa treatments. Those services grew faster than the overall business during the quarter, although they account for less than 10% of revenue.

Pre-booked services, in which guests reserve treatments before boarding, rose 14% during the period. Forward bookings across the fleet are running 20% ahead of last year, a leading indicator that demand remains strong.

The company is also betting on artificial intelligence to generate more revenue and improve efficiency. It has implemented an internal tool called Amanda across 188 vessels to help optimize scheduling and upsell services. The company said its virtual assistant, Ava, resolved 96% of internal support requests without human intervention.

Analysts Remain Bullish on the Stock

Analysts clearly like what they see. With an overall Buy rating, the company’s shares carry one Strong Buy rating, five Buys and one Hold.

The average 12-month price target now stands at $30.60, implying about 15% upside from current levels. The highest price target is $35 per share, while the lowest is $28, suggesting little expectation of a significant swing in either direction.

Indeed, wild swings are rarely seen. With shares trading around $26.60, the stock is up about 28% so far this year.

Some of the stock’s recent pullback appears linked to a spate of insider selling. However, during the second quarter, BlackRock reportedly opened a position in the company worth $278 million, while several other funds also bought shares.

Cruise Industry Dependence Remains a Key Risk

Perhaps the biggest risk is concentration. Nearly all of OneSpaWorld’s revenue flows through long-term revenue-sharing agreements with major cruise operators. Any significant disruption or broader downturn in the cruise industry could hit the business disproportionately hard.

For investors seeking income, OneSpaWorld pays only a quarterly dividend of 5 cents, translating to a yield of roughly 0.8%. As more of a growth stock, with a price-to-earnings ratio of about 33, the company’s premium valuation could also come under pressure if the industry takes a serious hit.

Strong Execution Comes With a Premium Valuation

For investors, the question to ask is less about the company than the industry in which it operates.

With no serious waves in sight, OneSpaWorld is executing well in a niche that is easily overlooked. Its revenue and earnings growth, coupled with the prospect of AI-driven efficiency, could keep the stock on growth investors’ watchlists.

With a market capitalization of only $2.7 billion and a business that depends on a single industry, however, the valuation leaves little room for disappointment.

If the cruise industry maintains its momentum, OneSpaWorld could be a strong play for tapping a captive segment that appears ready to spend.