Every constituent, scored 0–10 on Downside Risk (lower = safer), Growth Quality, and Exponential Potential, with price, YTD, a base-case fair value (and its bear–bull range), and a one-line take. Click a ticker for the full interactive report. Read the ETF-level deep dive → · ← research hub
◆ Accumulation band for QQQ itself: roughly $709–$713 — the index is richly priced, so dollar-cost-averaging on dips toward the 50/200-day average (near $635) beats chasing new highs.
QQQ (market-cap-weighted) vs QQQE (equal-weight), both rebased to 100 a year ago. When the cap-weighted line pulls ahead, the biggest names are carrying the index. Past year: QQQ +29% vs QQQE +22% — a +8 pt spread, so a few mega-caps are carrying the index — concentration is ELEVATED.
How many of the 101 names are actually participating — a check on whether the index is broad-based or driven by a handful of mega-caps. Right now breadth looks mixed.
| Name | Verdict | Risk | Growth | Exp | Price | YTD | Fair value (range) | Entry zone | One-line take |
|---|---|---|---|---|---|---|---|---|---|
| ADSK Autodesk, Inc. | Buy — Core | 4 | 8 | 4 | $207 | -29.9% | $300 ($215–$390) | $187–$207 | Autodesk is a genuinely elite software franchise — 91% gross margin, ~$2.4B free cash flow, near-monopoly grip on the world's CAD/design files — trading at ~16.5× forward non-GAAP earnings after a 33% drawdown, so the question is not quality but whether a messy sales restructuring and the… |
| MSFT Microsoft Corporation | Buy — Core | 4 | 8 | 4 | $390 | -19.3% | $545 ($340–$730) | $351–$390 | Microsoft is the rare megacap where the fundamentals (FY25 revenue +14.9% to $282B, 68% gross margin, $102B net income, 33% ROE) and a high-skill expert panel (Azure as one of the few at-scale AI clouds; a $1.3T contracted backlog) point the same way — and after a 28% drawdown the stock now trades… |
| CPRT Copart, Inc. | Buy — Core | 3 | 7 | 3 | $30 | -23.3% | $41 ($27–$52) | $27–$30 | Copart is a genuinely elite, net-cash, 33%-net-margin duopolist in online salvage auctions whose stock has been cut nearly in half (−40% over 12 months) as top-line growth collapsed from double digits to roughly flat — the de-rating has finally made a wonderful business reasonably priced, so this… |
| NVDA NVIDIA Corporation | Buy — Tactical | 6 | 10 | 8 | $195 | +4.5% | $245 ($110–$360) | $191–$195 | The most important company of the AI buildout is also, unusually, *not* priced like a bubble — FY26 revenue grew 65% to $216B, net margin is 63%, the balance sheet is net-cash, and the stock trades at ~30× trailing / ~22× forward earnings; we own it as a core position, with the whole call resting… |
| GOOGL Alphabet Inc. | Buy — Tactical | 4 | 9 | 6 | $360 | +15.0% | $445 ($250–$600) | $316–$360 | Alphabet is the unusual megacap where the fundamentals (FY25 revenue +15% to $403B, 60% gross margin, $132B net income, 39% ROE) *and* a broad AI-literate expert panel point the same way, *and* the stock trades at only ~27× trailing / ~25× forward — cheaper than the S&P on a growth-adjusted (PEG… |
| AMZN Amazon.com, Inc. | Buy — Tactical | 4 | 8 | 6 | $243 | +5.1% | $300 ($175–$375) | $233–$243 | Amazon is three high-quality compounders — AWS ($129B, the profit engine), Advertising ($69B and highest-margin), and a third-party-marketplace-plus-Prime retail flywheel — stapled inside a "Specialty Retail" label; FY25 revenue grew 12% to $717B and net income grew 31% to $78B, yet free cash flow… |
| GOOG Alphabet Inc. | Buy — Tactical | 4 | 8 | 4 | $356 | +13.5% | $400 ($265–$490) | $316–$356 | Alphabet is a cash machine (FY25 revenue $403B +15%, net income $132B, 60% gross margin, $164.7B operating cash flow) whose Search franchise funds two credible next legs — Google Cloud (+36%) and the Gemini AI stack — and whose stock trades at a defensible ~25× forward earnings; we own it as a core… |
| VRTX Vertex Pharmaceuticals Incorpora | Buy — Tactical | 4 | 7 | 5 | $528 | +16.5% | $585 ($395–$725) | $447–$528 | Vertex is the most profitable pure biotech at scale — an 86%-gross-margin, net-cash monopoly in cystic fibrosis throwing off ~$3.2B of free cash flow — now trying to prove it can diversify beyond CF (Journavx non-opioid pain, Casgevy gene therapy, kidney and type-1-diabetes programs). It is a… |
| ADP Automatic Data Processing, Inc. | Buy — Tactical | 3 | 6 | 2 | $242 | -5.8% | $268 ($209–$315) | $240–$242 | ADP is one of the highest-quality businesses in the S&P 500 — 25% ROIC, 69% ROE, a fortress balance sheet, ~30% adjusted EBIT margins and ~1.1M sticky clients — but it grows revenue only ~6% and EPS ~10%, so at 22× earnings you are paying a premium multiple for a slow, mature compounder that has… |
| GILD Gilead Sciences, Inc. | Buy — Tactical | 3 | 5 | 3 | $131 | +6.9% | $146 ($102–$179) | $130–$131 | Gilead is a cheap, cash-gushing HIV franchise (79% gross margin, 6.3% FCF yield, 2.45% dividend, 1.0× net-debt/EBITDA) trading at ~18× earnings — a defensive income-and-value holding whose entire re-rating case rests on lenacapavir/Yeztugo extending the HIV moat past the Biktarvy cliff, with no… |
| QCOM QUALCOMM Incorporated | Buy — Tactical | 5 | 5 | 4 | $176 | +3.0% | $200 ($120–$265) | $168–$176 | QCOM is a high-return, cash-gushing wireless franchise trading at a genuine discount (~16× forward, 6.7% FCF yield) because the market is pricing the twin structural threats — Apple insourcing its modem and a mature smartphone TAM — against which management is racing to diversify into autos, IoT… |
| META Meta Platforms, Inc. | Watch | 4 | 9 | 6 | $583 | -11.7% | $700 ($430–$960) | — | A rare setup — a megacap whose fundamentals *accelerated* (FY25 revenue +22% to $201B, 82% gross margin, $60B net income) while the *stock fell 19%*, leaving it at ~18× forward earnings; the whole call is a bet that Meta's enormous AI capex converts into ad and agent revenue faster than it converts… |
| ALNY Alnylam Pharmaceuticals, Inc. | Watch | 5 | 8 | 7 | $313 | -21.3% | $330 ($185–$470) | — | Alnylam is the pure-play leader in RNA interference (RNAi) medicines that just crossed the inflection every platform biotech chases — FY25 revenue +65% to $3.71B and its first full-year profit — driven by the transthyretin-amyloidosis franchise; the business quality and acceleration are real, but… |
| ASML ASML Holding N.V. | Watch | 5 | 8 | 6 | $1,769 | +65.4% | $1850 ($1150–$2450) | — | ASML is the closest thing in public markets to a true monopoly — the *only* company on earth that makes EUV lithography, the machine every advanced chip requires — and after a flat 2024-25 the order book is re-accelerating on AI-driven leading-edge demand (FY25 revenue €32.7B +15.6%, 53% gross… |
| INTU Intuit Inc. | Watch | 5 | 8 | 4 | $275 | -58.4% | $440 ($255–$585) | — | Intuit is a genuinely elite software franchise — 81% gross margin, 23% ROE, $6B free cash flow, growing double digits — that the market has repriced from ~$800 to $275 on the fear that AI makes tax and bookkeeping software a commodity; at ~10× forward earnings and a 10% FCF yield you are paid to… |
| ADBE Adobe Inc. | Watch | 4 | 7 | 3 | $220 | -37.2% | $265 ($150–$355) | — | Adobe is a genuinely elite software franchise — 89% gross margins, 96% subscription, $27B ARR, 62% ROE — trading at a beaten-down 9× forward non-GAAP earnings near a seven-year low because the market is pricing an AI-driven erosion of its moat; the debate is not about quality, it is entirely about… |
| BKNG Booking Holdings Inc. | Watch | 4 | 7 | 3 | $185 | -13.8% | $218 ($120–$285) | — | The world's dominant asset-light online-travel aggregator — 68% ROIC, ~$9B annual free cash flow, relentless buybacks — has sold off ~20% off its high on a genuine (not fabricated) fear that AI agents disintermediate it; at 17.7× forward earnings that pessimism is partly priced, so this is a Buy… |
| CEG Constellation Energy Corporation | Watch | 5 | 7 | 6 | $239 | -32.3% | $265 ($175–$345) | — | A best-in-class US nuclear-and-gas generation fleet (32,400 MW, now enlarged by the January-2026 Calpine acquisition) whose stock has fallen ~41% from its high even as FY26 adjusted-EPS guidance of $11.00–$12.00 was affirmed and analysts model ~16% forward EPS growth — the setup is a beaten-down… |
| NFLX Netflix, Inc. | Watch | 5 | 7 | 4 | $78 | -17.2% | $100 ($59–$134) | — | Netflix has won the streaming wars — record engagement, a two-sided ad business scaling toward ~$3B in 2026, 49% gross margins and a 49% ROE — but the stock has fallen 40% in a year as revenue growth decelerates from mid-teens toward high-single-digits; the drawdown has handed patient buyers a… |
| ROP Roper Technologies, Inc. | Watch | 5 | 7 | 3 | $364 | -18.2% | $470 ($345–$560) | — | Roper is a high-quality vertical-market-software serial acquirer — 69% gross margins, ~$2.5B FY25 free cash flow, recurring revenue — whose stock has fallen ~36% in a year and now trades at a *reasonable* mid-teens forward multiple; the base case is a re-rating back toward fair value, but coverage… |
| BKR Baker Hughes Company | Watch | 4 | 6 | 4 | $53 | +15.9% | $60 ($42–$78) | — | Baker Hughes is a cheap, financially-sturdy energy-equipment cyclical that is quietly re-rating from "oilfield services" toward "energy infrastructure" — its IET segment (LNG turbomachinery, gas power-gen, data-center power, CCS) just posted a record $33.1B backlog at a 1.5× book-to-bill, but the… |
| ORLY O'Reilly Automotive, Inc. | Watch | 4 | 6 | 2 | $90 | -1.1% | $94 ($66–$112) | — | O'Reilly is one of the best-run retailers in America — ~34% returns on invested capital, a countercyclical demand base, and a two-decade buyback machine — but at 29× trailing earnings for ~5% revenue and ~9% EPS growth, the price already reflects the quality, and the stock has *lagged* the market… |
| REGN Regeneron Pharmaceuticals, Inc. | Watch | 4 | 6 | 4 | $654 | -15.2% | $785 ($490–$1010) | — | Regeneron is a rare cheap large-cap biotech — 15× trailing earnings, net cash, 84% gross margin — where the market has repriced the stock for a shrinking Eylea franchise (−46% peak-to-trough), while Dupixent (a Sanofi-shared blockbuster still growing double digits) and a broad late-stage pipeline… |
| WMT Walmart Inc. | Watch | 4 | 6 | 3 | $112 | +0.4% | $118 ($88–$145) | — | Walmart is a genuinely fortress-quality, defensive compounder — FY26 revenue $713B (+4.7%), 24% ROE, $41.6B operating cash flow — whose problem is not the business but the *price*: at 39× trailing earnings on a razor-thin 3% net margin, the stock already sells at a rich multiple even after a 17%… |
| PDD PDD Holdings Inc. | Watch | 5 | 6 | 4 | $82 | -27.3% | $108 ($52–$150) | — | PDD is one of the cheapest large-cap compounders in the QQQ — 8× earnings, net cash equal to ~40% of its market cap, a 13% free-cash-flow yield and 22% net margins — but the market is pricing genuine deceleration (revenue growth fell from +59% to +10% and net income *declined* YoY) plus an… |
| WDAY Workday, Inc. | Watch | 5 | 6 | 3 | $135 | -37.0% | $160 ($95–$225) | — | Workday is a genuinely high-quality, 92%-recurring enterprise-software franchise that has de-rated hard (stock −43% in 12 months) as growth slowed from the 20s to low-teens; on adjusted earnings it is no longer expensive (~12–13× FY27E), but with growth still decelerating and no expert conviction… |
| AVGO Broadcom Inc. | Hold | 6 | 9 | 6 | $360 | +4.1% | $405 ($250–$560) | — | Broadcom has become the second pillar of the AI-infrastructure buildout — custom accelerators (XPUs) and data-center networking — with FY25 revenue +24% to $63.9B, a 67% gross / 56% EBITDA margin, and ~$27B of free cash flow; the fundamentals are elite, but you are paying 58× trailing / 31× forward… |
| APP AppLovin Corporation | Hold | 7 | 9 | 7 | $527 | -21.8% | $590 ($300–$870) | — | AppLovin has transformed from a grab-bag mobile-gaming company into a pure, freakishly profitable advertising-software engine — FY25 revenue $5.48B (+70%), 88% gross margin, 64% net margin, $3.9B free cash flow — but the market already knows it: at 45× trailing and a 2.46 beta, you are paying a… |
| ALAB Astera Labs, Inc. | Hold | 8 | 9 | 8 | $406 | +144.3% | $300 ($150–$500) | — | Astera Labs is a genuinely elite young business — FY25 revenue +115% to $853M, GAAP-profitable, 76% gross margin, net cash — riding the AI data-center connectivity wave; the problem is entirely price: at $406 the stock trades ~46% above the Street's own $278 consensus and 255× trailing earnings, so… |
| PLTR Palantir Technologies Inc. | Hold | 8 | 9 | 8 | $129 | -27.3% | $140 ($75–$205) | — | Palantir is one of the highest-quality, fastest-*accelerating* businesses in the Nasdaq-100 — FY25 revenue +56% to $4.48B, 84% gross margin, net cash, commercial revenue +130% — and the expert panel is genuinely enthusiastic; the problem is entirely the price, where 135× trailing / 89× forward… |
| IDXX IDEXX Laboratories, Inc. | Hold | 5 | 8 | 3 | $558 | -17.5% | $565 ($390–$720) | — | IDEXX is a genuinely elite, wide-moat razor-and-blade franchise (62% gross margin, 40% ROIC, 71% ROE, recurring consumable revenue) — but after a −27% drawdown it *still* trades at 41× trailing earnings while growth has settled into the ~10% range, so the quality is real and the price is the… |
| CTAS Cintas Corporation | Hold | 6 | 8 | 3 | $181 | -3.6% | $176 ($130–$232) | — | Cintas is a genuinely elite, wide-moat route-density compounder (FY25 revenue $10.34B, record 51% gross margin, 41% ROE) — but the market already knows it, the stock trades at ~37× trailing on high-single-digit organic growth, and it has de-rated ~20% from its high. Great business, full-to-rich… |
| ISRG Intuitive Surgical, Inc. | Hold | 6 | 8 | 5 | $426 | -24.8% | $430 ($300–$640) | — | Intuitive is one of the highest-quality medical-device franchises on the market — a razor-and-blade robotic-surgery near-monopoly with a fortress net-cash balance sheet and ~13.5–15.5% guided procedure growth — but the stock has already fallen ~30% from its high while still trading at 51× earnings… |
| KLAC KLA Corporation | Hold | 6 | 8 | 4 | $236 | +93.9% | $205 ($135–$290) | — | KLA owns a near-monopoly in semiconductor process control (defect inspection + metrology) with 61% gross margins and ~89% ROE — a genuinely elite business — but after a +162% 12-month run the stock trades at 66× trailing / 46× forward earnings into an elevated wafer-fab-equipment (WFE) cycle, so… |
| MELI MercadoLibre, Inc. | Hold | 6 | 8 | 7 | $1,763 | -12.5% | $1870 ($990–$2480) | — | MercadoLibre is the entrenched two-sided flywheel of Latin American commerce and fintech (FY25 revenue +39% to $28.9B, net income $2.0B, FCF $10.8B) whose stock is *down 30% from its high while the business accelerates* — a rare growth-at-a-reasonable-price setup, but one you underwrite knowing the… |
| MPWR Monolithic Power Systems, Inc. | Hold | 6 | 8 | 6 | $1,288 | +42.1% | $1385 ($885–$1770) | — | MPWR is a best-in-class, net-cash, ~55%-gross-margin power-semiconductor compounder growing ~20%+ into the data-center/AI power build-out — but at 92× trailing / 54× forward earnings the price already assumes the growth, so our base case pegs fair value only modestly above spot and we rate it Watch… |
| AMAT Applied Materials, Inc. | Hold | 7 | 8 | 5 | $603 | +134.7% | $540 ($360–$780) | — | Applied Materials is the largest, most diversified wafer-fabrication-equipment maker on earth — a genuine picks-and-shovels toll on the AI build-out with 49% gross margins, 40% ROE and a net-cash balance sheet — but after a +228% twelve-month run the stock trades at 49× forward earnings on a… |
| CDNS Cadence Design Systems, Inc. | Hold | 7 | 8 | 5 | $373 | +19.4% | $400 ($270–$500) | — | Cadence is one half of a genuinely mission-critical EDA duopoly with a fortress balance sheet (net cash), 89% gross margins and a record $8.0B backlog — a wonderful business whose stock already prices in years of flawless execution, so the honest call is Watch and wait for a better entry, not chase… |
| DASH DoorDash, Inc. | Hold | 7 | 8 | 7 | $192 | -15.2% | $205 ($120–$320) | — | DoorDash has quietly crossed into durable profitability — FY25 revenue +28% to $13.7B, first full-year GAAP profit ($935M), $2.2B free cash flow, net cash — and volumes are still *accelerating* (orders +27% YoY, GOV +37%). The problem is price: at 89× trailing / 76× FY26E earnings with an 81 RSI… |
| DDOG Datadog, Inc. | Hold | 7 | 8 | 6 | $260 | +91.5% | $235 ($150–$340) | — | Datadog is a genuinely elite software business — 80% gross margins, ~19% forward revenue compounding, $1B of free cash flow and best-in-class land-and-expand — but at 107× forward non-GAAP EPS after a +97% twelve-month run, the market has already paid for years of flawless execution; the only KB… |
| LRCX Lam Research Corporation | Hold | 7 | 8 | 5 | $351 | +105.3% | $300 ($185–$370) | — | Lam is a genuinely elite, oligopoly semiconductor-equipment franchise riding a real AI-driven capex wave (FY-ending-June-25 revenue $18.4B, 50% gross margin, 66% ROE, net cash) — but after a +263% twelve-month run the stock trades at 66× trailing earnings and sits *above* our base-case fair value… |
| PANW Palo Alto Networks, Inc. | Hold | 7 | 8 | 5 | $348 | +89.0% | $296 ($173–$415) | — | Palo Alto is the highest-quality platform in cybersecurity — ~$9.2B FY25 revenue growing mid-teens, 72% gross margin, net-cash balance sheet, and a genuine AI-security tailwind — but at ~85–92× forward earnings and RSI 84 it is priced for flawless execution, and our disciplined base-case fair value… |
| AMD Advanced Micro Devices, Inc. | Hold | 8 | 8 | 8 | $518 | +141.8% | $545 ($300–$800) | — | AMD is the clearest #2 in the biggest secular buildout of the decade: data-center revenue ($16.6B FY25) is now its largest segment and total revenue is estimated to nearly *quintuple* to ~$171B by FY30 — but you pay 168× trailing / 69× forward earnings for a business at ~50% gross margin and 13%… |
| AXON Axon Enterprise, Inc. | Hold | 8 | 8 | 7 | $597 | +5.1% | $617 ($340–$750) | — | Axon is a genuinely elite public-safety compounder — a TASER hardware monopoly that has flywheeled into 95%-sticky evidence software (ARR $1.5B, +35%; net revenue retention 125%) with counter-drone and AI now inflecting at 300–700% growth — but at 56× FY27E non-GAAP EPS with a beta of 1.42 and RSI… |
| CRWD CrowdStrike Holdings, Inc. | Hold | 8 | 8 | 5 | $194 | +65.5% | $134 ($66–$203) | — | CrowdStrike is a genuinely elite, category-leading cybersecurity platform whose fundamentals are re-accelerating (net-new ARR +32% in Q1'27, FY27 ARR-growth guide *raised*), but the stock has run +97% in three months to 41× sales and ~157× forward non-GAAP EPS — a price at which even a strong bull… |
| NBIS Nebius Group N.V. | Hold | 8 | 8 | 9 | $216 | +157.6% | $235 ($95–$430) | — | Nebius is the ex-Yandex team rebuilt into a pure-play AI-cloud "neocloud" — annualized-revenue growth is exploding (FY25 revenue $530M, +351%; Q1'26 revenue $399M, +624% YoY) off a tiny base into one of the largest TAMs in tech, but it burns cash to build GPU capacity, has no profits yet, and… |
| SHOP Shopify Inc. | Hold | 8 | 8 | 6 | $119 | -25.8% | $128 ($82–$190) | — | Shopify is a genuinely excellent, founder-led commerce platform compounding revenue ~25–30% with a fortress net-cash balance sheet and freshly positive free cash flow — but at 116× trailing earnings, 12.5× sales, and a beta of 2.6 the price already embeds years of flawless execution, so we rate it… |
| ARM Arm Holdings plc | Hold | 9 | 8 | 7 | $315 | +188.4% | $250 ($130–$470) | — | Arm is a genuinely elite, near-monopoly IP franchise with a royalty flywheel and *accelerating* AI/data-center growth — but at 375× trailing earnings, 68× sales and a beta near 4, the valuation already prices in years of flawless execution; we rate it Watch, waiting for a better entry rather than… |
| FAST Fastenal Company | Hold | 4 | 7 | 2 | $49 | +21.1% | $48 ($34–$58) | — | Fastenal is a genuinely elite business — ~29% return on invested capital, a fortress balance sheet, and a widening vending/Onsite distribution moat — but at 42.6× trailing earnings for high-single-digit, *decelerating* growth in a cyclical end-market, the price already reflects the quality; the… |
| COST Costco Wholesale Corporation | Hold | 6 | 7 | 3 | $952 | +10.4% | $955 ($726–$1044) | — | Costco is one of the highest-quality businesses in the S&P 500 — an 89.7% membership renewal rate, 28% ROE, a net-cash balance sheet, and utterly durable comps — but the stock discounts all of that and more at 48× trailing / 42× forward earnings for a ~9% EPS grower, so our base-case fair value… |
| DXCM DexCom, Inc. | Hold | 6 | 7 | 4 | $71 | +7.4% | $72 ($48–$100) | — | DexCom is the most accurate continuous glucose monitor and owns the insulin-intensive diabetes segment with a long penetration runway — but growth has decelerated from ~25%+ to management's own ~11–13% FY26 guide, the stock still trades at ~30× earnings after a −56% peak-to-trough drawdown, and the… |
| FTNT Fortinet, Inc. | Hold | 6 | 7 | 4 | $156 | +96.8% | $120 ($84–$165) | — | Fortinet is a genuinely elite cybersecurity franchise — 81% gross margin, 34% ROIC, net cash, a rising subscription/SASE mix and $2.2B of free cash flow — but after a +52% twelve-month run the stock trades at ~50× forward earnings on only low-teens, decelerating revenue growth, and the entire… |
| SNPS Synopsys, Inc. | Hold | 6 | 7 | 5 | $437 | -6.9% | $515 ($320–$630) | — | Synopsys is one half of the EDA duopoly that every chip on earth is designed through — a genuinely wide-moat, recurring-revenue franchise now trading ~30× forward after a brutal −32% drawdown, but the story is complicated by a debt-funded, margin-diluting Ansys acquisition that inflates FY26 growth… |
| TMUS T-Mobile US, Inc. | Hold | 6 | 7 | 3 | $178 | -12.6% | $215 ($150–$265) | — | T-Mobile is a cash-gushing wireless leader (FY25 revenue $88.3B, EBITDA $31.3B, FCF $18.0B) whose stock has fallen ~31% from its 2025 peak to 18.8× trailing / 17× forward earnings — a rare "quality on sale" setup where the Street sees +42% upside, but the debt load (4.1× net-debt/EBITDA) and a… |
| TTWO Take-Two Interactive Software, I | Hold | 6 | 7 | 6 | $255 | -0.4% | $250 ($150–$360) | — | Take-Two owns two of the most valuable franchises in entertainment (Grand Theft Auto and NBA 2K) and is one of the few gaming pure-plays with a genuine, near-term step-change coming — but at ~$255 the market already prices Grand Theft Auto VI as a near-certainty, the company is still posting GAAP… |
| MRVL Marvell Technology, Inc. | Hold | 7 | 7 | 8 | $245 | +188.6% | $250 ($140–$360) | — | Marvell has transformed from a sleepy diversified chip vendor into a nearly-pure AI data-center interconnect and custom-silicon play (Data Center is now $6.1B of $8.19B FY26 revenue), and the growth is both fast and still accelerating — but the stock already discounts a lot of that, trades at 83×… |
| TER Teradyne, Inc. | Hold | 7 | 7 | 7 | $369 | +90.7% | $400 ($250–$560) | — | Teradyne is the #2 name in the automated-test-equipment duopoly, riding a genuine AI-compute and high-bandwidth-memory test surge (FY26E revenue +42%, EPS +114% *estimated*) with a net-cash balance sheet — but the stock has already tripled in twelve months, trades at ~49× FY26E earnings with a 1.79… |
| LITE Lumentum Holdings Inc. | Hold | 8 | 7 | 8 | $728 | +97.6% | $780 ($300–$1120) | — | Lumentum is a real winner of the AI build-out — datacenter optical demand has taken quarterly revenue from $337M (FQ1'25) to $808M (FQ3'26) and analysts model revenue nearly quadrupling to ~$12.8B by FY29 — but after a ~700% twelve-month run the stock already prices in a lot of that, on a cyclical… |
| RKLB Rocket Lab USA, Inc. | Hold | 8 | 7 | 8 | $100 | +44.0% | $92 ($38–$165) | — | Rocket Lab is the only vertically-integrated, publicly-traded space company besides SpaceX with an operational orbital rocket *and* a fast-growing satellite-systems arm — FY25 revenue +38% to $602M, Q1'26 +63% YoY — but it is still deeply loss-making and priced at 84× sales, so the whole call rests… |
| WDC Western Digital Corporation | Hold | 8 | 7 | 6 | $539 | +212.9% | $430 ($210–$640) | — | WDC is riding a genuine AI-datacenter storage boom — post-SanDisk it is a pure-play nearline-HDD maker whose revenue is set to re-accelerate ~28%/yr and whose margins are inflecting — but the stock has already risen 744% in twelve months, the trailing P/E is flattered by a one-time separation gain… |
| LIN Linde plc | Hold | 4 | 6 | 2 | $547 | +28.2% | $545 ($430–$660) | — | Linde is the world's largest and highest-quality industrial-gas company — a genuine wide-moat compounder (FY25 revenue $34.0B, 46% gross margin, 38% EBITDA margin, contracted take-or-pay volumes) — but the market already knows it: at 36× trailing earnings for ~5% revenue growth the stock is priced… |
| ROST Ross Stores, Inc. | Hold | 4 | 6 | 2 | $213 | +18.5% | $215 ($150–$250) | — | Ross is a genuinely elite off-price operator — 38% ROE, 19% ROIC, a fortress balance sheet, and a moat built on treasure-hunt buying — but at 30× trailing earnings on ~7% forward EPS growth the stock already prices in the quality, so we rate it Watch and would want a better entry (or faster growth)… |
| MNST Monster Beverage Corporation | Hold | 5 | 6 | 3 | $98 | +27.3% | $91 ($64–$110) | — | Monster is a pristine business — 55% gross margin, 25% ROE, zero debt, ~$2B net cash, decades of share gains in energy drinks — but after a +54% twelve-month run it trades at ~42× forward earnings for a company now growing revenue around 10%, so the price already discounts the quality; we rate it… |
| AAPL Apple Inc. | Hold | 6 | 6 | 3 | $309 | +13.5% | $300 ($215–$400) | — | Apple is one of the best businesses on earth — 48% gross margin, ~$99B free cash flow, a 2.3B-device installed base and a Services engine at a record $109B — but at 37× trailing earnings for ~11% forward EPS growth you are paying a premium price for a decelerating mega-cap whose AI position is a… |
| ABNB Airbnb, Inc. | Hold | 6 | 6 | 4 | $149 | +9.7% | $158 ($94–$210) | — | Airbnb is a genuinely elite, net-cash, high-margin marketplace (FY25 revenue $12.24B, 83% gross margin, $4.65B free cash flow, 31% ROE) — but top-line growth has cooled to ~10%, the stock trades at ~36× trailing right *at* its 52-week high, and the freshest expert conviction in our KB is a… |
| ADI Analog Devices, Inc. | Hold | 6 | 6 | 4 | $377 | +39.1% | $400 ($300–$500) | — | ADI is a genuinely elite analog/mixed-signal franchise — 64% gross margins, $4.3B free cash flow, and a diversified industrial/auto book — now emerging from a deep chip-cycle trough (FY25 revenue +17%), but the stock at ~56× GAAP / ~31× forward earnings already discounts a clean recovery, so the… |
| MAR Marriott International, Inc. | Hold | 6 | 6 | 3 | $373 | +20.2% | $360 ($265–$450) | — | Marriott is a genuinely excellent asset-light hotel-franchise machine — high returns on capital, a durable brand-and-loyalty moat, and relentless buybacks — but the top line barely grows (FY25 revenue +4.3%, ~2%/yr forward), the earnings growth is engineered by margin and share count, and at 39×… |
| ODFL Old Dominion Freight Line, Inc. | Hold | 6 | 6 | 3 | $218 | +38.8% | $205 ($150–$265) | — | Old Dominion is the best-run less-than-truckload (LTL) carrier in North America — a genuine fortress balance sheet, an industry-leading sub-73 operating ratio and ~20% returns on capital — but revenue has now fallen three straight years in a freight downturn, and at 45× trailing / 40× forward EPS… |
| TXN Texas Instruments Incorporated | Hold | 6 | 6 | 4 | $293 | +68.9% | $270 ($175–$360) | — | Texas Instruments is one of the highest-quality franchises in all of semis — 57% gross margin, 32% ROE, a fortress distribution moat in analog/embedded chips — but after a +39% twelve-month run it trades at ~50× trailing and ~38× forward earnings while free cash flow is still squeezed by a historic… |
| MU Micron Technology, Inc. | Hold | 7 | 6 | 7 | $976 | +241.8% | $1150 ($620–$1830) | — | This is the purest liquid way to own the AI-memory (HBM) super-cycle: revenue went from $9.3B to $41.5B a quarter in a year and EPS from $1.69 to $25.04, HBM is sold out through 2026, and the stock is *statistically cheap* on forward EPS — but that cheapness exists precisely because memory is a… |
| STX Seagate Technology Holdings plc | Hold | 8 | 6 | 4 | $820 | +197.8% | $600 ($220–$864) | — | Seagate is executing a genuine boom — TTM revenue up ~42% and net margin more than doubled as AI-driven "mass-capacity" nearline HDD demand tightens supply — but the stock has already risen +465% in twelve months into that boom, trades at ~30× FY27E EPS on a deeply cyclical business with a 2.08… |
| CCEP Coca-Cola Europacific Partners P | Hold | 4 | 5 | 2 | $107 | +17.5% | $112 ($88–$130) | — | CCEP is the Coca-Cola bottler for Western Europe and the Australia/Pacific/SE-Asia region — a genuinely defensive, cash-generative, dividend-paying compounder (FY25 revenue €20.9B, 35.6% gross margin, 24% ROE) that is doing everything right operationally, but it is a *slow* grower (~4% revenue)… |
| CSCO Cisco Systems, Inc. | Hold | 4 | 5 | 4 | $113 | +46.3% | $118 ($82–$148) | — | Cisco is a mature, cash-gushing networking incumbent that the market has re-rated as an AI-infrastructure beneficiary (stock +63% in 12 months, near all-time highs); the business is genuinely good — 64% gross margin, 25% ROE, ~$13B free cash flow — but at 37× trailing GAAP earnings and ~26× forward… |
| PAYX Paychex, Inc. | Hold | 4 | 5 | 2 | $106 | -5.2% | $108 ($82–$135) | — | Paychex is a best-in-class, cash-gushing payroll/HCM utility (46% EBITDA margin, 45% ROE, 4.2% dividend) that just absorbed Paycor — but the stock is down 28% on the year, the multiple still isn't cheap for mid-single-digit organic growth, and there is zero expert conviction in the Synthos KB, so… |
| PEP PepsiCo, Inc. | Hold | 4 | 5 | 2 | $144 | +0.5% | $159 ($126–$182) | — | PepsiCo is a fortress-quality, low-beta consumer staple throwing off ~$7.7B of free cash flow and a ~4% dividend — but FY25 revenue grew only ~2% and GAAP EPS actually *fell*, the stock is down ~15% from its high while the market ran, and there is no Synthos expert conviction behind it; it is a… |
| PYPL PayPal Holdings, Inc. | Hold | 4 | 5 | 3 | $45 | -22.1% | $58 ($32–$85) | — | PayPal is a cash-machine at a distressed price — 8.5× earnings, ~14% free-cash-flow yield, a fortress-lite balance sheet and $6B/yr of buybacks shrinking the share count — but the market is (rightly) worried that its high-margin branded-checkout franchise is losing share to Apple Pay, Shop Pay and… |
| AEP American Electric Power Company, | Hold | 5 | 5 | 3 | $139 | +20.1% | $137 ($110–$168) | — | AEP is a large, low-beta regulated electric utility riding a genuine once-in-a-generation demand tailwind (63 GW of signed/pending data-center and industrial load by 2030 driving an $78B capital plan and ~11% rate-base growth), but the earnings growth this converts to is a steady 7–9% — good for a… |
| GEHC GE HealthCare Technologies Inc. | Hold | 5 | 5 | 3 | $66 | -20.1% | $75 ($52–$95) | — | GE HealthCare is a global imaging and diagnostics leader trading at a genuinely undemanding valuation (13× forward earnings, 1.9× sales), backed by a rock-solid installed base and a helpful cluster of insider buying — but it grows revenue at only mid-single-digits, carries moderate leverage, and… |
| HON Honeywell International Inc. | Hold | 5 | 5 | 3 | $230 | -41.1% | $235 ($175–$300) | — | Honeywell is a cheap, low-beta, cash-generative industrial conglomerate in the middle of splitting itself into three — a classic "sum-of-the-parts" value setup where the reward (re-rating of Aerospace) is real but so is the execution risk, and with zero expert coverage and only mid-single-digit… |
| KDP Keurig Dr Pepper Inc. | Hold | 5 | 5 | 3 | $33 | +18.9% | $34 ($26–$44) | — | KDP is a well-run, low-beta beverage staple that gushes cash and pays a ~2.8% dividend, but it is only *fairly* priced, its returns on capital are pedestrian (ROIC ~4%), and its next chapter is a debt-funded coffee mega-deal and corporate split — so the honest verdict is Watch: own it for income… |
| TRI Thomson Reuters Corporation | Hold | 5 | 5 | 2 | $89 | -33.4% | $98 ($68–$122) | — | A high-quality, wide-moat professional-information franchise (legal, tax, Reuters) with a fortress balance sheet and 4.4% dividend — but a mid-single-digit grower that just lost ~57% of its value in a violent de-rating from a bubble multiple; the business is fine, the price is *catching a falling… |
| XEL Xcel Energy Inc. | Hold | 5 | 5 | 3 | $82 | +11.0% | $84 ($66–$100) | — | Xcel is a well-run, low-beta regulated electric-and-gas monopoly riding a genuine multi-year rate-base and data-center demand tailwind — but it funds that growth with heavy debt and equity issuance, generates *negative* free cash flow through the buildout, earns a capped regulated return, and… |
| AMGN Amgen Inc. | Hold | 6 | 5 | 3 | $374 | +14.3% | $380 ($270–$470) | — | Amgen is a high-margin, cash-generative big-pharma cash-cow (FY25 revenue $36.7B +9.9%, 71% gross margin, $8.1B FCF, 2.6% dividend) trading at a reasonable ~16–17× forward adjusted earnings — but it grows revenue at only ~3% a year, carries $45B of net debt against a buyback-hollowed balance sheet… |
| FER Ferrovial SE | Hold | 6 | 5 | 3 | $68 | +4.8% | $66 ($48–$84) | — | Ferrovial is a high-quality, low-beta owner of irreplaceable transport-concession assets (the 407 ETR toll road, Heathrow/other airports, US managed lanes) whose IFRS earnings badly understate its economic cash generation — but with no expert coverage in our KB, an optically extreme earnings… |
| NXPI NXP Semiconductors N.V. | Hold | 6 | 5 | 4 | $273 | +25.9% | $285 ($175–$375) | — | NXPI is a high-quality automotive- and industrial-analog chipmaker coming off a three-year revenue decline ($13.3B FY23 → $12.3B FY25); the stock at ~26× trailing / ~18× forward is priced *for* a cyclical recovery that the estimates already assume — a solid business with no margin of safety and no… |
| MCHP Microchip Technology Incorporate | Hold | 7 | 5 | 4 | $85 | +32.8% | $99 ($61–$124) | — | Microchip is a high-quality embedded-controller franchise coming off the deepest downcycle in its history (revenue fell from $7.6B to $4.4B, then began recovering to $4.7B), and the stock already prices in a full recovery — so the fundamentals say "great business, wrong price," and with zero expert… |
| CRWV CoreWeave, Inc. | Hold | 9 | 5 | 8 | $82 | +14.2% | $125 ($26–$260) | — | CoreWeave is a real, ~73%-revenue-CAGR AI-cloud exponential with Nvidia's money and chips behind it — but it is being built on a mountain of debt (net-debt/EBITDA 10.5×, FCF −$7.3B, beta 7.1), the stock is already down 48% in a year, and the single sharpest voice in our knowledge base is telling… |
| SNDK Sandisk Corporation | Hold | 9 | 5 | 3 | $1,745 | +635.1% | $984 ($450–$1443) | — | Sandisk is a good company caught in a violent NAND memory up-cycle that has re-rated the stock ~38× in twelve months; the earnings are real *today* (Q3 FY26 EPS $24.43, 78% gross margin) but they are peak-cycle, the balance sheet was posting a $1.6B loss just a year ago, beta is 4.88, and at $1,745… |
| CSX CSX Corporation | Hold | 5 | 4 | 2 | $49 | +34.9% | $47 ($36–$58) | — | CSX is a wide-moat Eastern-US railroad whose earnings have gone the *wrong* way for three years (revenue $14.85B→$14.09B, EPS $1.95→$1.54), yet the stock has rallied 46% in twelve months to the point where even the Street's price target ($47.15) sits below the tape — a great business, but priced… |
| EXC Exelon Corporation | Hold | 5 | 4 | 2 | $48 | +9.8% | $49 ($40–$58) | — | Exelon is a pure-play, fully-regulated transmission-and-distribution (T&D) utility across six utilities in the mid-Atlantic and Illinois — a low-beta, dividend-paying bond-proxy that earns a regulated return on a growing rate base, grows EPS ~6%/yr, and trades right on top of both Street consensus… |
| MDLZ Mondelez International, Inc. | Hold | 5 | 4 | 2 | $61 | +13.2% | $64 ($48–$76) | — | Mondelez is a genuinely durable global snacking franchise (Oreo, Cadbury, Milka, belVita) throwing off ~$3.2B of free cash flow — but a historic cocoa-cost shock collapsed 2025 GAAP earnings (EPS $1.89 vs $3.44), the stock still trades ~20× forward for only ~3% revenue / ~8% EPS growth, and there… |
| SBUX Starbucks Corporation | Hold | 6 | 4 | 3 | $104 | +23.8% | $100 ($72–$132) | — | Starbucks is a great brand mid-restructuring: revenue is flat-to-slightly-up, margins and EPS have collapsed (FY25 EPS $1.63 vs $3.31 in FY24) under CEO Brian Niccol's costly "Back to Starbucks" turnaround, yet the stock trades at ~79× trailing and pays a dividend its free cash flow no longer… |
| INTC Intel Corp. | Hold | 8 | 4 | 5 | $120 | +226.2% | $95 ($45–$165) | — | Intel is a genuine reshoring-and-turnaround story that the market has already re-rated violently (from a ~$19 low to $120, +427% in 12 months), pushing the stock above the Street's $98 average target while the company is still losing money (FY25 net loss −$267M, Q1'26 −$3.7B) and burning cash (FY25… |
| TSLA Tesla, Inc. | Hold | 9 | 4 | 7 | $393 | -12.5% | $360 ($150–$620) | — | Tesla is two companies trading as one price: a shrinking, margin-compressed car maker (FY25 revenue −2.9% to $94.8B, net income down 47% to $3.8B, ROE ~5%) and a call option on autonomy and humanoid robots that the smartest voices in our panel love — and the entire $1.48T market cap rests on the… |
| EA Electronic Arts Inc. | Hold | 4 | 3 | 2 | $205 | +0.4% | $210 ($150–$210) | — | EA is no longer a stock you value on its fundamentals — on 2025-09-29 it signed a definitive all-cash agreement to be taken private at $210/share (~$55B EV) by a Public Investment Fund / Silver Lake / Affinity Partners consortium, so at $205.21 the only question that matters is *will the deal… |
| CMCSA Comcast Corporation | Hold | 5 | 3 | 2 | $24 | -15.0% | $30 ($21–$40) | — | Comcast is a cash-gushing, cheap (6.8× forward EPS, 5.5% yield, ~24% FCF yield) but structurally challenged cable-and-media conglomerate whose core broadband business is losing subscribers to fixed-wireless and fiber — the low multiple is *earned*, not a mispricing, so this is a Watch: own it for… |
| FANG Diamondback Energy, Inc. | Hold | 6 | 3 | 2 | $172 | +14.4% | $185 ($115–$235) | — | Diamondback is one of the best-run low-cost operators in the Permian Basin, but it is a commodity price-taker whose forward earnings are expected to *decline* ($20 FY26E EPS → ~$16 FY30E), it carries ~2.5× net-debt/EBITDA after the Endeavor deal, and the Street's $214 target bakes in an oil-price… |
| KHC The Kraft Heinz Company | Hold | 6 | 3 | 1 | $25 | +4.6% | $25 ($17–$33) | — | Kraft Heinz is a cheap, cash-generative, high-yielding packaged-food giant whose brands are slowly losing pricing power — FY25 booked a $9B+ non-cash brand impairment and revenue has fallen three years running — so the whole question is whether ~13% FCF yield and a 6% dividend compensate you for a… |
| MSTR Strategy Inc | Hold | 9 | 3 | 5 | $101 | -33.7% | $105 ($40–$210) | — | Strategy is not a software company with a Bitcoin sidecar — it *is* a levered Bitcoin holding vehicle with a shrinking $477M analytics business attached, and with the stock now trading below its own reported Bitcoin NAV (P/B 0.74×), the very bear case its highest-skill panelist warned about (a… |
| PCAR PACCAR Inc | Avoid | 5 | 4 | 2 | $120 | +9.1% | $118 ($88–$150) | — | PACCAR is a genuinely well-run, financially fortress-like heavy-truck manufacturer (Kenworth, Peterbilt, DAF) caught in the down-leg of a normal industry cycle — FY25 revenue fell 16% and EPS fell 43% off the FY23 peak — so the stock looks cheap on a *trailing* multiple but sits near mid-cycle fair… |
| WBD Warner Bros. Discovery, Inc. | Avoid | 8 | 3 | 3 | $26 | -8.1% | $28 ($16–$38) | — | WBD is a heavily indebted, restructuring media conglomerate whose revenue is *declining* (FY25 $37.3B, −5%) and whose GAAP earnings are consensus-negative through 2030 — but it trades at a genuinely cheap ~7.5× EV/EBITDA and generates ~$3B of free cash flow, so the entire bull case is the 2026… |