September 1, 2026
Bonus Content: Intuit Is Down About 45% and Just Grew Revenue 14%
Dear reader,
On June 12th, SpaceX went public.
At $2.1 trillion, it was the biggest IPO in Wall Street history. Bigger than Apple. Bigger than Amazon. Even bigger than the Saudi Aramco listing.
An entire group of millionaires were created overnight.
Dr. Mark Skousen called the SpaceX listing almost to the exact day. Months in advance.
How?
He had the pleasure of meeting Elon Musk face-to-face, at a private gathering of the world’s financial elite. That meeting, combined with his three years inside CIA headquarters analyzing intelligence and spotting patterns, is what allowed him to call the SpaceX listing before almost anyone else on Wall Street.
It’s how he helped 45,000 readers discover a backdoor way into the IPO. An opportunity normally reserved for hedge funds and Wall Street big shots.
Now Dr. Skousen is predicting Elon’s next three moves.
He’s put together a special briefing that lays out exactly what he believes Elon is doing next… and how you could position yourself for the chance at 100% overnight gains, with the potential to 10X your money over the next 12 months.
In short, Dr. Skousen has discovered what he calls Elon’s $2.1 trillion “hit list.”
Because with these three pieces in place, Elon would lock in a monopoly on the entire 21st century space economy. From the raw materials he needs to build his rockets… to the compute that runs his AI… to the satellites that beam his data back to Earth.
Every link in the chain.
Each is a publicly traded company you can buy today.
Good investing,
Rachel Gearhart
Publisher, The Oxford Club
P.S. Elon’s spending spree has already started. He just bought a $40 billion AI firm. And his own power company for another $1 billion. But, according to Dr. Skousen, he’s just getting started. Click here to see what he targets next for the chance at 100% overnight gains.
Intuit Is Down About 45% and Just Grew Revenue 14%
Intuit reported fiscal 2026 fourth-quarter and full-year results on August 25, and the stock fell about 9% in after-hours trading. The reaction tells you where investor psychology stands. This is a company that grew revenue 14% in fiscal 2026 and still managed to send its own stock to a multi-year low.
The problem is the forward guide. Fiscal 2027 revenue growth is targeted at 9% to 10%, down from 14%, and TurboTax revenue growth is projected at only 2% to 3%. That deceleration is what analysts are translating into structural demand loss to lower-cost and AI-powered alternatives. CEO Sasan Goodarzi acknowledged on the call that Intuit lost some quality do-it-yourself customers to low-cost providers this year because of TurboTax pricing friction. JPMorgan responded by downgrading the stock and slashing its price target from $605 to $331.
The bear case writes itself. Free AI tax tools are improving fast. Intuit’s biggest revenue driver, TurboTax, is essentially a guided workflow for filling out a government form. If large language models can replicate that guidance at zero cost, the addressable market for paid tax software shrinks. That fear, not the actual reported results, is what has driven the stock from about $702 in late September 2025 to the mid-$300s recently.
The Bull Case Nobody Is Making
The underlying business is not collapsing. QuickBooks continues to grow. The Global Business Solutions segment, which includes accounting and payroll products for small businesses, has sustained double-digit growth. Intuit’s Big Bets initiatives, which include AI-native products, grew 34% in fiscal 2026 and now account for 30% of total revenue. That is not a company being disrupted from the outside. That is a company disrupting itself.
The CFO made a point on the earnings call worth examining. Customers spend at least seven times more on accounting and tax professionals than on software. Intuit’s long-term play is to own that professional layer digitally, not just the consumer filing layer. Its proprietary dataset, built on decades of actual filer and business data, is genuinely difficult to replicate with general-purpose AI models. Competitors are building on open internet data. Intuit’s models are trained on real tax outcomes.
The company also announced a 17% workforce reduction in May and is simplifying its operational structure. Those are painful steps, but the cost savings flow to margin recovery in fiscal 2027 if the revenue line holds even close to guidance.
What Could Go Wrong
The fiscal 2027 guide may still be too optimistic. Mailchimp revenue is guided flat to down 1%, a troubling signal for the marketing automation segment. Legal risks are accumulating: several law firms have opened investigations related to TurboTax pricing disclosures. And the AI disruption risk is not theoretical. IRS Free File usage appears to be rising, and free tax tools from Google, OpenAI, and startups are getting better every filing season. The pace of that competition determines everything.
The Bottom Line
At about 45% below its prior peak, Intuit is priced like a business in structural decline. The actual fiscal 2026 performance does not support that conclusion yet. If the 2027 slowdown reflects temporary pricing friction rather than permanent customer loss, this is a recovery trade at a discount. If TurboTax pricing power is gone for good and QuickBooks faces its own AI disruption, the stock has further to fall. That is the only question left. It has no clean answer today, which is exactly why the risk-reward is interesting.
