| #1 | 2026-05-05 | CRH | World's largest aggregates business, sitting at half of conservative intrinsic value. | Buy | $115 | $0.00 |
| #1 | 2026-05-05 | SYF | Cheap private-label card issuer with real moat but cyclical earnings and regulatory overhang. | Buy | $65 | $0.00 |
| #1 | 2026-05-05 | CEG | Largest U.S. nuclear fleet at 2.2x intrinsic value is a hope trade, not an investment. | Avoid | $115 | $0.00 |
| #1 | 2026-05-05 | KVUE | Iconic consumer-health brands, but a pending Kimberly-Clark merger has eaten the upside. | Hold | $11 | $0.00 |
| #1 | 2026-05-05 | GEHC | A picks-and-shovels imaging oligopolist trading near base intrinsic value. | Hold | $46 | $0.00 |
| #1 | 2026-05-05 | TKO | UFC plus WWE is a fine asset, but the price is fantasy. | Avoid | $25 | $0.00 |
| #1 | 2026-05-05 | VLTO | High-quality DBS-style compounder, but priced at 2x intrinsic value. | Avoid | $55 | $0.00 |
| #1 | 2026-05-05 | BG | Commodity-cyclical agribusiness with no moat and negative IV — pass. | Too Hard | — | $0.00 |
| #1 | 2026-05-05 | APO | A two-engine compounder priced at a third of base intrinsic value. | Hold | $100 | $0.00 |
| #1 | 2026-05-05 | WRB | Disciplined specialty P&C underwriter trading near intrinsic value, not below it. | Hold | $55 | $0.00 |
| #1 | 2026-05-05 | ZBH | Boring orthopedic toll-bridge priced for permanent decline; the math says otherwise. | Buy | $95 | $0.00 |
| #1 | 2026-05-05 | XYL | Quality water-tech franchise priced for perfection — wait for a bigger discount. | Hold | $90 | $0.00 |
| #1 | 2026-05-05 | ZBRA | Cyclical leader in barcode and RFID hardware priced as if growth is dead. | Buy | $230 | $0.00 |
| #1 | 2026-05-05 | ZTS | Zoetis is a wide-moat animal-health compounder priced at a 61% discount to base IV. | Buy | $150 | $0.00 |
| #1 | 2026-05-05 | YUM | Royalty-stream franchisor at a full price; wait for fear, not greed. | Hold | $100 | $0.00 |
| #1 | 2026-05-05 | XEL | A regulated utility compounder priced like a clean-energy growth story. | Hold | $58 | $0.00 |
| #1 | 2026-05-05 | WST | Owns the elastomer stoppers; pay 1.09x base IV and wait. | Hold | $220 | $0.00 |
| #1 | 2026-05-05 | WY | Great timberland, mediocre business economics, priced 84% above base intrinsic value. | Avoid | $13 | $0.00 |
| #1 | 2026-05-05 | WTW | Decent broker franchise, ugly capital structure, priced as if it were Marsh. | Avoid | $130 | $0.00 |
| #1 | 2026-05-05 | XYZ | Cheap optically, but a negative-ROIC fintech with bitcoin baked into earnings. | Hold | $55 | $0.00 |
| #1 | 2026-05-05 | WYNN | Trophy casino assets concentrated in Macau, levered, priced above base-case IV. | Hold | $80 | $0.00 |
| #1 | 2026-05-05 | WSM | Premium home brands, fortress balance sheet, trading at half intrinsic value. | Buy | $180 | $0.00 |
| #1 | 2026-05-05 | WELL | A fine seniors-housing REIT priced at three times its base intrinsic value. | Avoid | $72 | $0.00 |
| #1 | 2026-05-05 | WAT | High-quality razor-and-blade lab instruments franchise — buy below $310, hold here. | Hold | $275 | $0.00 |
| #1 | 2026-05-05 | WDC | Decent business at an indecent price; the math says no. | Avoid | $85 | $0.00 |
| #1 | 2026-05-05 | WMB | Toll-road gas pipelines at full freight; pay less than $58. | Hold | $58 | $0.00 |
| #1 | 2026-05-05 | WDAY | A sticky enterprise SaaS toll booth, but priced like the toll never gets repaved. | Buy | $130 | $0.00 |
| #1 | 2026-05-05 | VTRS | Cheap-looking generics roll-up earning its cost of capital, barely. | Hold | $11 | $0.00 |
| #1 | 2026-05-05 | WM | North America's irreplaceable landfill toll bridge, currently priced for the bridge plus a tip. | Hold | $175 | $0.00 |
| #1 | 2026-05-05 | WEC | Boring Wisconsin utility compounding rate base, but balance sheet is creaking. | Hold | $115 | $0.00 |
| #1 | 2026-05-05 | VST | Cheap-looking power stock built on a commodity we cannot price ten years out. | Buy | $155 | $0.00 |
| #1 | 2026-05-05 | WAB | Wabtec is a durable rail-toll franchise priced for perfection. | Hold | $200 | $0.00 |
| #1 | 2026-05-05 | WBD | Warner Bros Discovery is a melting-ice-cube media conglomerate trading above any defensible value. | Avoid | $8 | $0.00 |
| #1 | 2026-05-05 | VTR | REIT trading at 12x base intrinsic value with zero ten-year ROIC. | Avoid | $40 | $0.00 |
| #1 | 2026-05-05 | VZ | Capital-intensive wireless oligopolist trading at a third off base IV. | Avoid | $28 | $0.00 |
| #1 | 2026-05-05 | UNP | Irreplaceable Western U.S. rail duopoly compounding at fair price. | Buy | $260 | $0.00 |
| #1 | 2026-05-05 | UPS | A toll-bridge logistics network priced for permanent decline. | Hold | $95 | $0.00 |
| #1 | 2026-05-05 | VRSN | A regulated toll on the .com root file, priced fairly with a fading wedge. | Hold | $220 | $0.00 |
| #1 | 2026-05-05 | VRTX | Great franchise, fragile pipeline, hopeless price — pass. | Too Hard | $24 | $0.00 |
| #1 | 2026-05-05 | URI | North America's largest rental fleet earns scale economics at a discount. | Buy | $930 | $0.00 |
| #1 | 2026-05-05 | VRT | A real business, but priced 16.8x our base intrinsic value — pass. | Avoid | $25 | $0.00 |
| #1 | 2026-05-05 | VICI | A toll-bridge on the Las Vegas Strip with bond-like cash flows. | Buy | $28 | $0.00 |
| #1 | 2026-05-05 | VRSK | Verisk is a toll booth on US P&C insurance pricing and claims data. | Hold | $170 | $0.00 |
| #1 | 2026-05-05 | USB | Super-regional bank priced for permanent stagnation; cheap if discipline returns. | Buy | $58 | $0.00 |
| #1 | 2026-05-05 | VMC | America's largest crushed-stone quarry network trading below intrinsic-value floor. | Buy | $298 | $0.00 |
| #1 | 2026-05-05 | ULTA | America's beauty enthusiast monopoly trading at 38% of base intrinsic value. | Buy | $530 | $0.00 |
| #1 | 2026-05-05 | VLO | Refining is a commodity cycle we cannot price; pass. | Too Hard | $80 | $0.00 |
| #1 | 2026-05-04 | TT | Wonderful HVAC compounder, but the price is roughly twice intrinsic value. | Avoid | $260 | $0.00 |
| #1 | 2026-05-04 | TSCO | Rural-lifestyle category-killer with 27% ROIC trading at less than half base IV. | Buy | $40 | $0.00 |
| #1 | 2026-05-04 | TSN | Cyclical commodity protein at nearly twice base intrinsic value — pass. | Avoid | $25 | $0.00 |
| #1 | 2026-05-04 | UAL | Airlines are the archetypal too-hard pile; cheap is not enough. | Too Hard | $40 | $0.00 |
| #1 | 2026-05-04 | UDR | Apartment REIT priced for growth it has never delivered. | Avoid | $9 | $0.00 |
| #1 | 2026-05-04 | TYL | Sticky public-sector software at fair quality but a price that demands faith. | Hold | $275 | $0.00 |
| #1 | 2026-05-04 | TTD | Independent buy-side ad-tech with real moat trading at one-quarter of base IV. | Buy | $32 | $0.00 |
| #1 | 2026-05-04 | TXT | Mediocre conglomerate at modest discount; only interesting on a much wider margin of safety. | Hold | $58 | $0.00 |
| #1 | 2026-05-04 | TTWO | Great franchises, terrible compounder economics — wait for GTA VI to clarify the math. | Too Hard | $120 | $0.00 |
| #1 | 2026-05-04 | UHS | A reasonably priced hospital operator with thin moats, founder control, and policy-driven earnings volatility. | Buy | $180 | $0.00 |
| #1 | 2026-05-04 | TROW | Cheap, debt-free active manager bleeding share to passive at a generational discount. | Buy | $100 | $0.00 |
| #1 | 2026-05-04 | TRV | Disciplined P&C underwriter trading near base case IV with modest margin of safety. | Hold | $280 | $0.00 |
| #1 | 2026-05-04 | TJX | Off-price retail's apex predator, fairly priced for a 20% ROIC compounder. | Hold | $135 | $0.00 |
| #1 | 2026-05-04 | TMO | World's lab-tools toll booth at half intrinsic value with patient capital. | Buy | $475 | $0.00 |
| #1 | 2026-05-04 | TMUS | A scaled wireless oligopolist trading at a credible discount, but capex math is fragile. | Hold | $170 | $0.00 |
| #1 | 2026-05-04 | TEL | Decent connector franchise, terrible incremental returns, priced eight times its base IV. | Avoid | $35 | $0.00 |
| #1 | 2026-05-04 | TFC | Truist is a cheap, complicated regional bank trading at less than half intrinsic value. | Hold | $42 | $0.00 |
| #1 | 2026-05-04 | TRGP | A toll-road on Permian molecules — wonderful asset, leveraged balance sheet. | Hold | $200 | $0.00 |
| #1 | 2026-05-04 | TRMB | Trimble: a fair industrial-software business at a wonderful price. | Buy | $85 | $0.00 |
| #1 | 2026-05-04 | TECH | Quality life-sciences toolmaker, but the price already discounts a perfect decade. | Avoid | $34 | $0.00 |
| #1 | 2026-05-04 | TPR | Coach prints cash, but $142 demands extrapolation we can't underwrite. | Avoid | $58 | $0.00 |
| #1 | 2026-05-04 | TER | Excellent ATE duopolist trading at four times intrinsic value. | Avoid | $90 | $0.00 |
| #1 | 2026-05-04 | TGT | A wounded mass-merchant trading at half its base-case value with cyclical, not structural, damage. | Buy | $130 | $0.00 |
| #1 | 2026-05-04 | TPL | Wonderful royalty land business at a price that demands flawless growth. | Hold | $240 | $0.00 |
| #1 | 2026-05-04 | STZ | A wide-moat Mexican beer franchise on sale for forty cents on the dollar. | Buy | $165 | $0.00 |
| #1 | 2026-05-04 | TDY | Quality industrial roll-up at half of base IV — credible, but not a fastball. | Buy | $700 | $0.00 |
| #1 | 2026-05-04 | SWKS | Apple-tethered RF chipmaker priced for slow death; one customer is the entire thesis. | Too Hard | $55 | $0.00 |
| #1 | 2026-05-04 | TAP | Cheap, declining brewer; statistically attractive but structurally challenged. | Hold | $40 | $0.00 |
| #1 | 2026-05-04 | T | A capital-intensive utility-telecom with no excess returns and a negative implied IV. | Avoid | $13 | $0.00 |
| #1 | 2026-05-04 | TDG | A toll-booth aerospace monopoly run with private-equity discipline and dangerous leverage. | Hold | $950 | $0.00 |
| #1 | 2026-05-04 | SWK | Strong brands, broken balance sheet, and a price triple any reasonable IV. | Avoid | $20 | $0.00 |
| #1 | 2026-05-04 | STLD | Best-in-class mini-mill operator, but a cyclical bought near peak earnings. | Hold | $145 | $0.00 |
| #1 | 2026-05-04 | SYY | Sysco is a great logistics business priced like one — no margin of safety here. | Hold | $52 | $0.00 |
| #1 | 2026-05-04 | SYK | Stryker is a wide-moat medical device compounder priced for perfection. | Hold | $240 | $0.00 |
| #1 | 2026-05-04 | STT | Sticky custody franchise priced near base IV — own it on weakness, not at $152. | Hold | $115 | $0.00 |
| #1 | 2026-05-04 | STX | Seagate sells commodity HDDs in a tech-curve race we cannot handicap. | Too Hard | — | $0.00 |
| #1 | 2026-05-04 | SMCI | Hot AI-server commodity box with accounting smoke; Buffett would walk past. | Too Hard | — | $0.00 |
| #1 | 2026-05-04 | STE | Steris is a regulated infection-prevention toll road trading below its low-IV. | Buy | $200 | $0.00 |
| #1 | 2026-05-04 | SLB | Cyclical oilfield-services leader trading at 0.74x base IV — interesting, not a compounder. | Hold | $48 | $0.00 |
| #1 | 2026-05-04 | SHW | Best paint distribution franchise in America, but priced for perfection at 0.84x base IV. | Hold | $260 | $0.00 |
| #1 | 2026-05-04 | SNA | Premium tools franchise, net-cash balance sheet, trading at 45 cents on the dollar. | Buy | $400 | $0.00 |
| #1 | 2026-05-04 | SNPS | A toll booth on every advanced chip, bought at a fair but not bargain price. | Buy | $565 | $0.00 |
| #1 | 2026-05-04 | SPGI | Toll-bridge on global capital markets, priced for the toll keeping its width. | Hold | $335 | $0.00 |
| #1 | 2026-05-04 | SCHW | Scaled brokerage with deposit-funded float, trading near intrinsic value with limited margin of safety. | Hold | $78 | $0.00 |
| #1 | 2026-05-04 | SRE | Regulated wires, pipes, and a Texas growth engine trading at half base IV. | Buy | $95 | $0.00 |
| #1 | 2026-05-04 | SJM | Cheap brand portfolio scarred by a $5.6B Hostess mistake and 10.7x leverage. | Hold | $90 | $0.00 |
| #1 | 2026-05-04 | SPG | Best-in-class mall REIT with irreplaceable A-malls trading 12% below base IV. | Buy | $185 | $0.00 |
| #1 | 2026-05-04 | SO | A regulated utility compounder priced for sunshine, with the IV math saying wait. | Hold | $72 | $0.00 |
| #1 | 2026-05-04 | SBUX | A wounded brand on the mend, priced for execution that is not yet visible. | Hold | $95 | $0.00 |
| #1 | 2026-05-04 | RJF | A durable advisor-led wealth manager trading at a meaningful discount to intrinsic value. | Buy | $145 | $0.00 |
| #1 | 2026-05-04 | ROP | A serial software acquirer trading at a discount the math says is suspicious. | Hold | $310 | $0.00 |
| #1 | 2026-05-04 | RMD | ResMed sells nightly oxygen to a duopoly of habit-bound patients. | Buy | $230 | $0.00 |
| #1 | 2026-05-04 | RSG | Toll-bridge waste oligopolist with pricing power, trading below intrinsic value. | Buy | $260 | $0.00 |
| #1 | 2026-05-04 | SBAC | Toll-road on wireless data, trading at 57 cents on the dollar of base IV. | Buy | $230 | $0.00 |
| #1 | 2026-05-04 | RVTY | Decent life-sciences franchise, ugly leverage, optically cheap on a damaged earnings base. | Hold | $72 | $0.00 |
| #1 | 2026-05-04 | ROST | Off-price retailer with durable scale advantages, fairly priced today. | Hold | $200 | $0.00 |
| #1 | 2026-05-04 | RL | A genuine brand earning real returns, but priced as if discounting two more cycles of perfection. | Avoid | $95 | $0.00 |
| #1 | 2026-05-04 | SATS | EchoStar is a spectrum-and-satellite story priced above base intrinsic value. | Too Hard | $50 | $0.00 |
| #1 | 2026-05-04 | ROK | Wide-moat factory automation franchise priced for perfection at 50x earnings. | Hold | $290 | $0.00 |
| #1 | 2026-05-04 | ROL | Rollins is a great business at a price that already assumes greatness. | Hold | $48 | $0.00 |
| #1 | 2026-05-04 | PWR | Great business, terrible price — Quanta trades at twelve times intrinsic value. | Avoid | $67 | $0.00 |
| #1 | 2026-05-04 | PYPL | Cash-gushing checkout button trading at one-fifth of base intrinsic value. | Buy | $52 | $0.00 |
| #1 | 2026-05-04 | RF | A decent regional bank at a fair price, but the IV math is unreliable. | Hold | $22 | $0.00 |
| #1 | 2026-05-04 | QCOM | Wide-moat patent monopoly trading like a hardware cyclical at half of base IV. | Buy | $175 | $0.00 |
| #1 | 2026-05-04 | REGN | Cheap on paper, but biotech R&D outcomes sit outside our circle. | Too Hard | $560 | $0.00 |
| #1 | 2026-05-04 | PRU | Cheap optically, but a commodity life insurer with no demonstrated compounding power. | Too Hard | $75 | $0.00 |
| #1 | 2026-05-04 | PTC | Mission-critical engineering software priced as if growth is dead. | Buy | $150 | $0.00 |
| #1 | 2026-05-04 | REG | Quality grocery-anchored REIT, but REIT economics cap compounding power. | Hold | $72 | $0.00 |
| #1 | 2026-05-04 | RCL | Cyclical leisure operator with damaged 10-yr ROIC, but priced well below IV. | Buy | $300 | $0.00 |
| #1 | 2026-05-04 | PSA | America's biggest storage landlord, fairly priced, with a quietly narrowing moat. | Hold | $230 | $0.00 |
| #1 | 2026-05-04 | PSX | A commodity refiner with negative intrinsic value at $176 — a classic Too Hard pile. | Too Hard | $80 | $0.00 |
| #1 | 2026-05-04 | PPL | Decent regulated utility, but priced at 2.17x intrinsic value with weak ROIC. | Avoid | $18 | $0.00 |
| #1 | 2026-05-04 | PKG | Boring boxes at half of base-case IV — own the cost-leader. | Buy | $215 | $0.00 |
| #1 | 2026-05-04 | POOL | America's only national pool distributor, trading at one-quarter of base intrinsic value. | Buy | $200 | $0.00 |
| #1 | 2026-05-04 | PPG | Decent coatings franchise selling at four times its base intrinsic value. | Avoid | $20 | $0.00 |
| #1 | 2026-05-04 | PH | Great industrial compounder, but the price has run past the math. | Trim | $470 | $0.00 |
| #1 | 2026-05-04 | PFG | A spread-and-fee insurer trading near base IV with no compounding edge. | Hold | $80 | $0.00 |
| #1 | 2026-05-04 | PEG | Capital-hungry regulated utility priced for growth it cannot earn. | Avoid | $48 | $0.00 |
| #1 | 2026-05-04 | PNR | Pentair is a quietly excellent water franchise trading at half intrinsic value. | Buy | $79 | $0.00 |
| #1 | 2026-05-04 | PGR | Progressive is a low-cost auto insurance machine trading at half intrinsic value. | Buy | $250 | $0.00 |
| #1 | 2026-05-04 | PHM | A well-run cyclical homebuilder, cheap on cycle-peak earnings, not a forever compounder. | Hold | $90 | $0.00 |
| #1 | 2026-05-04 | PLD | Best-in-class warehouse REIT, but the price still demands faith. | Hold | $115 | $0.00 |
| #1 | 2026-05-04 | PODD | Tubeless insulin pump compounder priced 60% of base intrinsic value. | Buy | $200 | $0.00 |
| #1 | 2026-05-04 | PNC | A solid super-regional bank trading near low-end intrinsic value, not a compounder. | Hold | $190 | $0.00 |
| #1 | 2026-05-04 | ORLY | A great compounder priced for perfection — wait for the pullback. | Hold | $78 | $0.00 |
| #1 | 2026-05-04 | OXY | A commodity producer at 2x intrinsic value fails the circle-of-competence test. | Too Hard | $25 | $0.00 |
| #1 | 2026-05-04 | ON | Cyclical power-chip operator priced for stagnation while EV demand digests inventory. | Buy | $95 | $0.00 |
| #1 | 2026-05-04 | PAYX | Wonderful business, wildly unwonderful price after the Paycor deal. | Avoid | $31 | $0.00 |
| #1 | 2026-05-04 | OMC | An average advertising holdco trading at a discount priced for AI disruption. | Hold | $62 | $0.00 |
| #1 | 2026-05-04 | PCAR | Premium Class-8 truck duopolist trading at 71% of base intrinsic value. | Buy | $115 | $0.00 |
| #1 | 2026-05-04 | OTIS | An elevator-service annuity trading at 62% of base intrinsic value. | Buy | $75 | $0.00 |
| #1 | 2026-05-04 | PCG | California's regulated monopoly with negative owner earnings and a wildfire option strapped to it. | Too Hard | $8 | $0.00 |
| #1 | 2026-05-04 | NXPI | Auto-chip oligopolist trading at $295 against a $622 base intrinsic value. | Buy | $310 | $0.00 |
| #1 | 2026-05-04 | PANW | A consolidating cybersecurity platform with negative 10-year ROIC and 64% dilution. | Hold | $130 | $0.00 |
| #1 | 2026-05-04 | PNW | Regulated Arizona monopoly riding Phoenix's data-center boom at a discount. | Buy | $100 | $0.00 |
| #1 | 2026-05-04 | OKE | Toll-bridge midstream at 18x earnings, but leverage and dilution clip the compounding. | Hold | $70 | $0.00 |
| #1 | 2026-05-04 | ODFL | Best-in-class LTL operator at a fair price, not a bargain. | Hold | $170 | $0.00 |
| #1 | 2026-05-04 | O | Bond-proxy net-lease REIT trading near intrinsic value, but compounding has slowed materially. | Hold | $52 | $0.00 |
| #1 | 2026-05-04 | NWSA | Diversified media conglomerate priced 4x its intrinsic value with declining core profits. | Avoid | $8 | $0.00 |
| #1 | 2026-05-04 | NWS | A Murdoch-controlled holding company priced for growth that does not exist. | Avoid | $12 | $0.00 |
| #1 | 2026-05-04 | NVR | A great homebuilding business trading at twelve times earnings during the cyclical winter. | Buy | $13,000 | $0.00 |
| #1 | 2026-05-04 | NUE | Best-in-class commodity steelmaker at a cyclical mid-cycle price; wait for blood. | Hold | $185 | $0.00 |
| #1 | 2026-05-04 | NTRS | Sticky custody franchise at 0.71x IV with rising ROTCE and disciplined buybacks. | Buy | $150 | $0.00 |
| #1 | 2026-05-04 | NTAP | Sticky enterprise storage at half of base IV with mid-teens ROIC. | Buy | $110 | $0.00 |
| #1 | 2026-05-04 | NSC | Eastern half of a transcontinental railroad, now a UNP merger arb until the STB rules. | Hold | $280 | $0.00 |
| #1 | 2026-05-04 | NRG | NRG sells essential electricity in Texas, but the data-center thesis is priced in. | Hold | $130 | $0.00 |
| #1 | 2026-05-04 | NOW | Wide-moat workflow utility trading at half of base-case intrinsic value. | Buy | $110 | $0.00 |
| #1 | 2026-05-04 | NOC | A regulated cost-plus arsenal at fair price, not a great compounder. | Hold | $540 | $0.00 |
| #1 | 2026-05-04 | NI | A regulated utility growing rate base 10% — but already priced for it. | Hold | $36 | $0.00 |
| #1 | 2026-05-04 | NEM | World's largest gold miner, fairly priced for a cyclical with no moat. | Hold | $90 | $0.00 |
| #1 | 2026-05-04 | NEE | Florida's regulated monopoly is gold; the renewables empire built on tax credits is not. | Hold | $75 | $0.00 |
| #1 | 2026-05-04 | NDSN | Nordson is a quietly toll-booth dispensing franchise priced for perfection. | Hold | $245 | $0.00 |
| #1 | 2026-05-04 | NDAQ | A toll-bridge exchange wrapped around a debt-funded software bet, priced for perfection. | Hold | $55 | $0.00 |
| #1 | 2026-05-04 | NCLH | Cheap optically, but a leveraged cyclical with negative ten-year ROIC. | Avoid | $11 | $0.00 |
| #1 | 2026-05-04 | MU | Memory is a commodity cycle dressed in AI clothing; pass. | Avoid | $80 | $0.00 |
| #1 | 2026-05-04 | MTD | A wide-moat precision-instruments compounder, fairly priced after biotech destocking. | Hold | $1,150 | $0.00 |
| #1 | 2026-05-04 | MTB | Conservative regional bank trading at fair price; strong franchise but no obvious bargain. | Hold | $175 | $0.00 |
| #1 | 2026-05-04 | MSI | Wonderful public-safety franchise priced like a SaaS darling — wait for a better entry. | Hold | $310 | $0.00 |
| #1 | 2026-05-04 | MSCI | MSCI is a tollbooth on global equity flows; pay $590, wait. | Hold | $500 | $0.00 |
| #1 | 2026-05-04 | MRSH | World's largest insurance broker, asset-light annuity, trading at 43 cents on the dollar. | Buy | $170 | $0.00 |
| #1 | 2026-05-04 | MRNA | Moderna is a binary R&D bet with negative owner earnings; Too Hard. | Too Hard | — | $0.00 |
| #1 | 2026-05-04 | MPWR | Best-in-class power-IC compounder priced for perfection at 48x earnings. | Hold | $1,250 | $0.00 |
| #1 | 2026-05-04 | MPC | Cyclical refiner trading near base IV; cash machine in good cycles, capital incinerator in bad ones | Hold | — | $0.00 |
| #1 | 2026-05-04 | MOS | Phosphate-potash price-taker trading at 1.79x intrinsic value; pass. | Avoid | $11 | $0.00 |
| #1 | 2026-05-04 | MO | Altria is a melting ice cube priced for melting; a fair Hold, not a buy. | Hold | $60 | $0.00 |
| #1 | 2026-05-04 | MNST | Wonderful brand at a fair price, but reinvestment engine is sputtering. | Hold | $60 | $0.00 |
| #1 | 2026-05-04 | MMM | A wounded compounder priced for stagnation, with optionality if litigation tails settle. | Buy | $130 | $0.00 |
| #1 | 2026-05-04 | MLM | Local-monopoly rock pits with a federal-funded tailwind, but priced rich. | Hold | $480 | $0.00 |
| #1 | 2026-05-04 | MKC | McCormick is a family-stewarded spice monopoly trading at a real discount. | Buy | $55 | $0.00 |
| #1 | 2026-05-04 | MGM | An asset-light casino operator dressed up as a compounder; pass. | Avoid | $15 | $0.00 |
| #1 | 2026-05-04 | MET | MetLife is a serviceable life insurer trading at a sensible discount, not a compounder. | Hold | $75 | $0.00 |
| #1 | 2026-05-04 | MDT | Boring med-device giant priced for stagnation when modest growth is enough. | Buy | $85 | $0.00 |
| #1 | 2026-05-04 | MDLZ | Global snacks toll-bridge trading at fair value while cocoa storm separates owners from renters. | Hold | $50 | $0.00 |
| #1 | 2026-05-04 | MCK | A toll-bridge on American drug distribution, but the toll is now priced like a software franchise. | Avoid | $260 | $0.00 |
| #1 | 2026-05-04 | MCHP | A high-quality analog franchise emerging from a brutal cycle, fully priced today. | Hold | $68 | $0.00 |
| #1 | 2026-05-04 | MAS | A two-brand toll booth on home improvement, fairly priced and quietly compounding. | Hold | $48 | $0.00 |
| #1 | 2026-05-04 | MAR | Asset-light fee machine compounding on a global brand toll bridge. | Hold | $290 | $0.00 |
| #1 | 2026-05-04 | MAA | A boring Sunbelt apartment toll bridge selling at the bottom of its IV range. | Buy | $130 | $0.00 |
| #1 | 2026-05-04 | LYV | Live Nation owns the live-music toll booth, but the DOJ is at the gate. | Hold | $115 | $0.00 |
| #1 | 2026-05-04 | LYB | Cyclical commodity petchem priced like a compounder; pass. | Avoid | $46 | $0.00 |
| #1 | 2026-05-04 | LVS | Two-asset casino oligopolist priced at twice intrinsic value; pass. | Avoid | $28 | $0.00 |
| #1 | 2026-05-04 | LUV | Southwest is dismantling its identity to chase legacy economics at a price the math cannot defend. | Avoid | $20 | $0.00 |
| #1 | 2026-05-04 | LULU | A 42% ROIC athletic brand on sale at 11x earnings. | Buy | $170 | $0.00 |
| #1 | 2026-05-04 | LOW | Lowe's is the cheaper #2 of a durable duopoly trading near reverse-DCF zero growth. | Buy | $215 | $0.00 |
| #1 | 2026-05-04 | LNT | A solid Iowa-Wisconsin regulated utility, but the price assumes too much. | Avoid | $50 | $0.00 |
| #1 | 2026-05-04 | LMT | Wide-moat defense prime trading near low IV; F-35 program risk caps conviction. | Buy | $475 | $0.00 |
| #1 | 2026-05-04 | LITE | A cyclical optical components vendor priced for permanent AI euphoria. | Avoid | $9 | $0.00 |
| #1 | 2026-05-04 | LII | Great HVAC franchise, lousy entry price — wait for a cycle break. | Hold | $420 | $0.00 |
| #1 | 2026-05-04 | LHX | Strong defense franchise, but priced for perfection at 2x intrinsic value. | Avoid | $180 | $0.00 |
| #1 | 2026-05-04 | LH | Lab duopoly cash machine at 72% of base IV; reasonable, not a screaming bargain. | Hold | $230 | $0.00 |
| #1 | 2026-05-04 | LEN | Lennar at 0.15x IV is a cyclical bargain — but homebuilding is not Clayton. | Hold | $70 | $0.00 |
| #1 | 2026-05-04 | LDOS | Solid government IT contractor priced like a software platform. | Avoid | $40 | $0.00 |
| #1 | 2026-05-04 | L | Tisch-run holding company, fair businesses, but priced 82% above base intrinsic value. | Trim | $70 | $0.00 |
| #1 | 2026-05-04 | KR | Kroger is a tollbooth on American groceries trading at half intrinsic value. | Buy | $65 | $0.00 |
| #1 | 2026-05-04 | KMI | A toll-bridge on America's gas grid, mispriced as the build-cycle restarts. | Buy | $35 | $0.00 |
| #1 | 2026-05-04 | KMB | A great brand house at a fair price, but Kenvue could break the compounder. | Hold | $87 | $0.00 |
| #1 | 2026-05-04 | KKR | Alt-AM compounder with sticky locked-up capital, trading at a one-third discount to base IV. | Buy | $90 | $0.00 |
| #1 | 2026-05-04 | KIM | Grocery-anchored landlord at 84 cents on the dollar — fine, not exceptional. | Buy | $21 | $0.00 |
| #1 | 2026-05-04 | KHC | Cheap on the surface, but a brand portfolio in slow erosion. | Hold | $16 | $0.00 |
| #1 | 2026-05-04 | KEYS | Excellent test-and-measurement franchise priced for a future it cannot guarantee. | Hold | $155 | $0.00 |
| #1 | 2026-05-04 | KEY | KeyCorp is a fixable regional bank, not a compounder worth owning here. | Hold | $15 | $0.00 |
| #1 | 2026-05-04 | KDP | Decent brands, mediocre returns, levered balance sheet, priced for growth that may not arrive. | Hold | $19 | $0.00 |
| #1 | 2026-05-04 | JKHY | Mission-critical core banking utility, fairly priced, with a slow-erosion tail risk. | Buy | $165 | $0.00 |
| #1 | 2026-05-04 | JCI | Decent building-tech franchise priced for perfection at 2.6x intrinsic value. | Avoid | $55 | $0.00 |
| #1 | 2026-05-04 | JBL | Excellent operator in a low-moat business, priced for permanent AI-server tailwinds. | Hold | $230 | $0.00 |
| #1 | 2026-05-04 | JBHT | A real cost-advantaged intermodal franchise priced like the cycle won't turn. | Hold | $210 | $0.00 |
| #1 | 2026-05-04 | J | A focused infrastructure consultancy at a fair price, not a screaming bargain. | Hold | $105 | $0.00 |
| #1 | 2026-05-04 | IVZ | Invesco is a discounted scale asset manager whose moat is melting at fee-compression rates. | Buy | $22 | $0.00 |
| #1 | 2026-05-04 | ITW | Wide-moat compounder at a fair price, not a screaming bargain. | Buy | $230 | $0.00 |
| #1 | 2026-05-04 | IT | Toll-bridge for IT decision-makers, on sale because AI scares the crowd. | Buy | $190 | $0.00 |
| #1 | 2026-05-04 | ISRG | A wide-moat surgical-robotics toll booth, but priced like the math has to work perfectly. | Hold | $375 | $0.00 |
| #1 | 2026-05-04 | IRM | Iron Mountain is a fine business priced like a software company. | Avoid | $58 | $0.00 |
| #1 | 2026-05-04 | IR | A serial bolt-on acquirer of mission-critical air compressors trading near fair value. | Hold | $60 | $0.00 |
| #1 | 2026-05-04 | IQV | Levered CRO at half of base IV; cyclical RFP weakness obscures decent franchise. | Buy | $160 | $0.00 |
| #1 | 2026-05-04 | IP | Levered cyclical commodity converter trading at 2.3x its own intrinsic value. | Avoid | $10 | $0.00 |
| #1 | 2026-05-04 | INVH | A levered landlord trading at half of base IV, but moat is rented, not owned. | Hold | $32 | $0.00 |
| #1 | 2026-05-04 | INTU | A toll booth on US small-business and tax filing, on sale. | Buy | $400 | $0.00 |
| #1 | 2026-05-04 | INCY | A single-drug biotech trading near intrinsic value as Jakafi's patent cliff approaches. | Hold | $66 | $0.00 |
| #1 | 2026-05-04 | IFF | Levered post-merger flavors house trading at one-third of base IV. | Hold | $64 | $0.00 |
| #1 | 2026-05-04 | IEX | Quality niche-pump compounder, fairly priced; wait for a wider margin of safety. | Hold | $190 | $0.00 |
| #1 | 2026-05-04 | IDXX | A near-monopoly on the vet's lab bench, priced for perfection but not insanity. | Hold | $490 | $0.00 |
| #1 | 2026-05-04 | ICE | ICE owns toll roads on energy and mortgage data; pay no more than $170. | Buy | $145 | $0.00 |
| #1 | 2026-05-04 | IBKR | Lowest-cost global broker compounding accounts; price below conservative IV. | Buy | $120 | $0.00 |
| #1 | 2026-05-04 | HWM | A wide-moat aerospace forge priced for perfection at 1.5x intrinsic value. | Hold | $130 | $0.00 |
| #1 | 2026-05-04 | HUM | Humana is a beaten-down Medicare Advantage franchise priced for permanent impairment. | Buy | $200 | $0.00 |
| #1 | 2026-05-04 | HUBB | Quality grid-and-electrical compounder, but the price already pays for the runway. | Hold | $300 | $0.00 |
| #1 | 2026-05-04 | HSY | A wide-moat confection franchise on sale during a cocoa-cost storm. | Buy | $175 | $0.00 |
| #1 | 2026-05-04 | HST | Trophy hotel REIT trades at a discount, but the asset class is structurally cyclical. | Hold | $17 | $0.00 |
| #1 | 2026-05-04 | HSIC | Boring dental distributor at 86% of base IV; cyber scar healed, moat narrower than bulls assume. | Hold | $63 | $0.00 |
| #1 | 2026-05-04 | HRL | A Dividend-Aristocrat brand house, fairly priced but no longer compounding. | Hold | $19 | $0.00 |
| #1 | 2026-05-04 | HPE | HPE is a B-grade networking-server roll-up trading near fair value, not a compounder. | Hold | $18 | $0.00 |
| #1 | 2026-05-04 | HON | Honeywell is a fair industrial about to break itself into three; wait for clearer pricing. | Hold | $190 | $0.00 |
| #1 | 2026-05-04 | EQIX | Best-in-class interconnection moat, but priced at 1.74x intrinsic value with mid-single-digit ROIC. | Avoid | $500 | $0.00 |
| #1 | 2026-05-04 | EME | Great business, dangerous price — EMCOR's data-center boom is fully priced in. | Trim | $500 | $0.00 |
| #1 | 2026-05-04 | EBAY | A narrow-moat cash machine priced for stagnation, not for the focused enthusiast niches it dominates. | Hold | $95 | $0.00 |
| #1 | 2026-05-04 | DXCM | Dexcom is a narrow-moat CGM duopolist trading at a 28% discount to base IV. | Buy | $58 | $0.00 |
| #1 | 2026-05-04 | DDOG | Real moat, real growth, but the price already pays for paradise. | Hold | $84 | $0.00 |
| #1 | 2026-05-04 | DASH | Dominant local-delivery platform priced for perfection at 4.5x intrinsic value. | Avoid | $40 | $0.00 |
| #1 | 2026-05-04 | DLTR | Post-Family-Dollar simplification story with a fixable banner and a punishing 33x ten-year multiple — Munger's 'have-to-be-smart-every-day' retail at a price that requires the turnaround to actually work. | Hold | — | $0.00 |
| #1 | 2026-05-04 | CBOE | Toll bridge on US options and VIX volume — wide-moat compounder trading at a modest discount to base IV | Buy | — | $0.00 |
| #1 | 2026-05-04 | HPQ | Cheap cigar butt with a shrinking print business and an AI-PC lottery ticket. | Buy | $22 | $0.00 |
| #1 | 2026-05-04 | HOOD | A volatile retail-flow toll booth trading near base IV — pay less or pass. | Hold | $52 | $0.00 |
| #1 | 2026-05-04 | HLT | Hilton is a great asset-light franchise selling at a fair-but-not-cheap price. | Hold | $215 | $0.00 |
| #1 | 2026-05-04 | HII | America's only carrier yard, priced like a struggling subcontractor. | Buy | $340 | $0.00 |
| #1 | 2026-05-04 | HIG | A disciplined mid-tier P&C underwriter selling near book — fair, not a steal. | Hold | $98 | $0.00 |
| #1 | 2026-05-04 | HCA | America's best-run hospital operator, levered to the gills, trading near fair value. | Hold | $380 | $0.00 |
| #1 | 2026-05-04 | HBAN | A solid Midwest super-regional trading well below tangible franchise value. | Buy | $20 | $0.00 |
| #1 | 2026-05-04 | HAS | Magic and D&D are the prize; the toy business is the tax. | Hold | $70 | $0.00 |
| #1 | 2026-05-04 | HAL | Halliburton is a cyclical commodity-services rental — not a compounder. | Avoid | $25 | $0.00 |
| #1 | 2026-05-04 | GWW | A great business at a fair price, but the market already knows it. | Hold | $1,000 | $0.00 |
| #1 | 2026-05-04 | GPN | Cheap on the surface, but a 4x-levered bet on integrating Worldpay competently. | Hold | $60 | $0.00 |
| #1 | 2026-05-04 | GPC | Mediocre returns, leveraged balance sheet, optionality from a 2027 spinoff at a fair price. | Hold | $90 | $0.00 |
| #1 | 2026-05-04 | GNRC | A cyclical generator champion priced for a secular outage tailwind that may already be in the stock. | Hold | $200 | $0.00 |
| #1 | 2026-05-04 | GM | GM is a cheap, capital-intensive cyclical priced for a soft landing it cannot guarantee. | Hold | $60 | $0.00 |
| #1 | 2026-05-04 | GLW | Real franchise, fantasy price — wait for the AI fiber dream to crack. | Avoid | $40 | $0.00 |
| #1 | 2026-05-04 | GL | Cheap, durable life insurer with a real but knowable agency-conduct overhang. | Hold | $135 | $0.00 |
| #1 | 2026-05-04 | GIS | Branded packaged-food cash machine on sale at 7x earnings, but slow-melting ice cube. | Buy | $35 | $0.00 |
| #1 | 2026-05-04 | GILD | Splendid HIV franchise wrapped in pharma's permanent patent-cliff treadmill. | Avoid | $55 | $0.00 |
| #1 | 2026-05-04 | GEN | A toll-bridge on consumer cyber-anxiety, levered but cash-rich at 8.9x earnings. | Hold | $16 | $0.00 |
| #1 | 2026-05-04 | GDDY | GoDaddy is a toll-booth on small-business identity, trading near a fair multiple. | Hold | $72 | $0.00 |
| #1 | 2026-05-04 | GD | Four good businesses bolted together at a fair price, not a great one. | Hold | $215 | $0.00 |
| #1 | 2026-05-04 | FTV | A Danaher-bred operator at 0.68x intrinsic value, post-Ralliant simplification. | Buy | $58 | $0.00 |
| #1 | 2026-05-04 | FTNT | Fortinet's silicon moat earns 80% ROIC at a fair, not cheap, price. | Hold | $72 | $0.00 |
| #1 | 2026-05-04 | FOXA | Cable news cash machine, but the price already pays for the dream. | Hold | $40 | $0.00 |
| #1 | 2026-05-04 | FOX | Murdoch's cable-and-sports toll road throws cash, but the bridge is shrinking. | Hold | $40 | $0.00 |
| #1 | 2026-05-04 | FIX | A great mechanical contractor priced as if data-center backlog never disappoints. | Avoid | $700 | $0.00 |
| #1 | 2026-05-04 | FISV | Fi sells at 25 cents on the dollar of base intrinsic value while compounding at 17% ROIC. | Buy | $80 | $0.00 |
| #1 | 2026-05-04 | FIS | Bank-tech utility trading at 19% of base IV after Worldpay extraction. | Buy | $50 | $0.00 |
| #1 | 2026-05-04 | FICO | A toll bridge on American credit with mortgage-grade pricing power. | Hold | $880 | $0.00 |
| #1 | 2026-05-04 | FFIV | F5 is a fair business at a fair price during a risky platform transition. | Hold | $260 | $0.00 |
| #1 | 2026-05-04 | FE | FirstEnergy is an average regulated utility trading at twice fair value. | Avoid | $28 | $0.00 |
| #1 | 2026-05-04 | FDX | Buy a real moat at a 10% discount to fair value, with optionality. | Buy | $360 | $0.00 |
| #1 | 2026-05-04 | FDS | FactSet is a sticky financial-data toll booth selling near tangible book of its earnings power. | Buy | $220 | $0.00 |
| #1 | 2026-05-04 | FCX | FCX is a leveraged bet on copper prices wearing a quality-company costume. | Avoid | $30 | $0.00 |
| #1 | 2026-05-04 | FAST | A logistics monopoly hidden inside a fastener catalog, priced for perfection. | Hold | $35 | $0.00 |
| #1 | 2026-05-04 | FANG | Best-in-class Permian operator at $208 trades far below a wide IV band. | Hold | $165 | $0.00 |
| #1 | 2026-05-04 | F | Ford trades above any reasonable IV; cyclical capital-incinerator with no durable moat. | Avoid | $7 | $0.00 |
| #1 | 2026-05-04 | EXR | America's largest storage REIT, fairly priced for a sector at cyclical bottom. | Hold | $125 | $0.00 |
| #1 | 2026-05-04 | EXPE | A scarred OTA #2 trading near fair value with a structural search-traffic problem. | Hold | $175 | $0.00 |
| #1 | 2026-05-04 | EXPD | Asset-light freight forwarder with 65% ROIC; pay closer to $130 for margin of safety. | Hold | $130 | $0.00 |
| #1 | 2026-05-04 | EXE | Largest US gas producer is a price-taker; pass. | Too Hard | $25 | $0.00 |
| #1 | 2026-05-04 | EXC | A bond proxy with a regulator instead of a coupon, priced for too much. | Hold | $32 | $0.00 |
| #1 | 2026-05-04 | EW | Best-in-class structural heart franchise mispriced by a one-time-distorted IV. | Hold | $68 | $0.00 |
| #1 | 2026-05-04 | EVRG | A regulated Kansas-Missouri utility selling at a 41% discount to base intrinsic value. | Hold | $72 | $0.00 |
| #1 | 2026-05-04 | ETR | Gulf-coast regulated utility riding a once-in-a-generation industrial load wave at fair price. | Hold | $85 | $0.00 |
| #1 | 2026-05-04 | ETN | Great electrical franchise riding a real tailwind, priced for it. | Hold | $300 | $0.00 |
| #1 | 2026-05-04 | ESS | Irreplaceable West Coast apartment portfolio at half of conservative intrinsic value. | Buy | $260 | $0.00 |
| #1 | 2026-05-04 | ES | A regulated utility selling at 31x earnings while earning 5% on capital. | Trim | $46 | $0.00 |
| #1 | 2026-05-04 | ERIE | A toll bridge on a mutual insurer — fee-only, asset-light, and finally not expensive. | Buy | $210 | $0.00 |
| #1 | 2026-05-04 | EQT | Lowest-cost Marcellus gas at 63% of base IV is interesting, not obvious. | Hold | $50 | $0.00 |
| #1 | 2026-05-04 | EQR | Coastal apartment franchise priced at fair value with limited margin of safety. | Hold | $52 | $0.00 |
| #1 | 2026-05-04 | EPAM | High-quality engineering shop on sale, but the customer is rebuilding the engine in flight. | Hold | $90 | $0.00 |
| #1 | 2026-05-04 | EOG | Best-in-class shale operator priced like a marginal one — but it's still shale. | Buy | $135 | $0.00 |
| #1 | 2026-05-04 | EMR | Quality automation franchise, fairly priced; wait for fear or AspenTech indigestion. | Hold | $110 | $0.00 |
| #1 | 2026-05-04 | ELV | Cheap BCBS licensee with eroding economics; statistical bargain, not a compounder. | Hold | $328 | $0.00 |
| #1 | 2026-05-04 | EL | Great brands, broken P&L, family control: a turnaround on hard mode at $79. | Hold | $52 | $0.00 |
| #1 | 2026-05-04 | EIX | Cheap on rate base, but California wildfire risk caps the upside. | Hold | $58 | $0.00 |
| #1 | 2026-05-04 | EG | Cheap Bermuda reinsurer at half of IV, but reserve risk is real. | Buy | $360 | $0.00 |
| #1 | 2026-05-04 | EFX | Oligopoly bureau with a workhorse in Workforce Solutions, but priced for sunshine. | Hold | $130 | $0.00 |
| #1 | 2026-05-04 | ED | A fine New York utility at almost twice intrinsic value — pass. | Avoid | $65 | $0.00 |
| #1 | 2026-05-04 | ECL | Ecolab is a wide-moat compounder, but the price already pays for the data-center boom. | Hold | $230 | $0.00 |
| #1 | 2026-05-04 | EA | Own a sports-licensing toll booth at a fair price, not a bargain. | Hold | $165 | $0.00 |
| #1 | 2026-05-04 | DVN | Disciplined Permian operator at a fair price, but commodity cyclicality means the screened IV is a mirage | Hold | — | $0.00 |
| #1 | 2026-05-04 | DVA | A toll-bridge dialysis duopolist trading at half of base-case intrinsic value. | Buy | $150 | $0.00 |
| #1 | 2026-05-04 | DUK | Regulated monopoly that compounds rate base, but pay closer to $140 than $207. | Hold | $108 | $0.00 |
| #1 | 2026-05-04 | DTE | Decent Michigan utility at 87 cents on the dollar — buy lower, not here. | Hold | $130 | $0.00 |
| #1 | 2026-05-04 | DRI | Casual-dining low-cost producer earning 21% on capital, priced at 72 cents on the dollar. | Buy | $190 | $0.00 |
| #1 | 2026-05-04 | DPZ | Asset-light pizza franchisor compounding global units at a clear discount to base IV. | Buy | $340 | $0.00 |
| #1 | 2026-05-04 | DOW | Commodity petchem in a deep trough; balance-sheet stress beats moat — pass. | Avoid | $28 | $0.00 |
| #1 | 2026-05-04 | DOV | Dover is a Marmon-style industrial compounder trading at 13.6x earnings. | Buy | $230 | $0.00 |
| #1 | 2026-05-04 | DLR | A toll booth on AI compute, but you are paying tomorrow's toll today. | Hold | $145 | $0.00 |
| #1 | 2026-05-04 | DHR | Great franchise, ordinary returns on capital, priced like the bioprocessing boom returns. | Hold | $145 | $0.00 |
| #1 | 2026-05-04 | DHI | America's biggest, lowest-cost homebuilder, on sale during a mortgage-rate winter. | Buy | $135 | $0.00 |
| #1 | 2026-05-04 | DGX | Quest is a tollbooth on American blood draws, fairly priced for its modest growth. | Hold | $135 | $0.00 |
| #1 | 2026-05-04 | DG | Cheap, ugly, and beaten — but still a 28% ROIC business near rock bottom. | Buy | $115 | $0.00 |
| #1 | 2026-05-04 | DECK | A debt-free shoe company with 50% ROIC trading at 0.56x intrinsic value. | Buy | $105 | $0.00 |
| #1 | 2026-05-04 | AVY | Quiet labels-and-RFID compounder trading near base IV with optionality but levered balance sheet | Hold | — | $0.00 |
| #1 | 2026-05-04 | D | Pure-play Virginia data-center utility at 16x intrinsic value — pass. | Avoid | $30 | $0.00 |
| #1 | 2026-05-04 | GOOG | Own the world's best advertising auction at three-quarters of fair value. | Buy | $385 | $0.00 |
| #1 | 2026-05-04 | FRT | A trophy-grade retail REIT trading rich for what is, at best, a 5-6% AFFO compounder. | Hold | $90 | $0.00 |
| #1 | 2026-05-04 | FITB | Decent Midwest bank at fair price; not the no-brainer the IV gap suggests. | Hold | $40 | $0.00 |
| #1 | 2026-05-04 | FSLR | Cyclical commodity manufacturer trading at three times intrinsic value on policy hopes. | Avoid | $55 | $0.00 |
| #1 | 2026-05-04 | CVNA | A leveraged turnaround dressed up as a compounder, priced for perfection. | Avoid | $40 | $0.00 |
| #1 | 2026-05-04 | GRMN | A wonderful business at a fair-but-no-longer-cheap price; wait for a pullback. | Hold | $175 | $0.00 |
| #1 | 2026-05-03 | DAL | Delta is the best airline, but airlines remain a mediocre business at fair value. | Hold | $48 | $0.00 |
| #1 | 2026-05-03 | CTRA | Cyclical drillbit on its way to becoming a Devon share — pass. | Avoid | $20 | $0.00 |
| #1 | 2026-05-03 | DOC | Healthcare REIT trading near base-case IV; AFFO is the right lens, not GAAP earnings. | Hold | $12 | $0.00 |
| #1 | 2026-05-03 | CVS | A three-headed conglomerate trading at owner-earnings parity but with no durable moat. | Avoid | $50 | $0.00 |
| #1 | 2026-05-03 | CTVA | Decent ag-input duopoly, balance sheet net cash, but priced at 4x intrinsic value. | Avoid | $30 | $0.00 |
| #1 | 2026-05-03 | DD | Cyclical chemicals roll-up mid-breakup; the math says wait, not own. | Too Hard | $30 | $0.00 |
| #1 | 2026-05-03 | CSX | Eastern duopoly rail at 0.69x base IV with 30% ROIC and merger optionality. | Buy | $40 | $0.00 |
| #1 | 2026-05-03 | CPAY | A high-quality fleet payments toll road trading at roughly a third of base intrinsic value. | Buy | $330 | $0.00 |
| #1 | 2026-05-03 | DELL | Dell is a cyclical box-builder riding an AI-server wave priced for permanence. | Hold | $165 | $0.00 |
| #1 | 2026-05-03 | COO | Number-three contact lens player at 0.66x IV, but ROIC of 4.9% sinks the compounder thesis. | Hold | $55 | $0.00 |
| #1 | 2026-05-03 | COR | Toll bridge on America's drug supply, priced today like a SaaS company. | Hold | $230 | $0.00 |
| #1 | 2026-05-03 | CRWD | Premier endpoint security platform priced for perfection at 6.7x intrinsic value. | Avoid | $55 | $0.00 |
| #1 | 2026-05-03 | CSGP | World-class CRE data monopoly trapped inside a money-losing residential war. | Hold | $18 | $0.00 |
| #1 | 2026-05-03 | CRL | A toll-road on drug development trading at a third of base-case intrinsic value. | Buy | $200 | $0.00 |
| #1 | 2026-05-03 | CTSH | Market prices Cognizant for permanent decline; 18% ROIC business at 11x earnings. | Buy | $52 | $0.00 |
| #1 | 2026-05-03 | CPT | Quality Sunbelt apartment REIT trading near fair value while supply digests. | Hold | $85 | $0.00 |
| #1 | 2026-05-03 | CTAS | A great compounder priced like one — wait for a better entry. | Hold | $145 | $0.00 |
| #1 | 2026-05-03 | COP | Best-in-class E&P with deep low-cost inventory, but oil price decides the outcome. | Hold | $85 | $0.00 |
| #1 | 2026-05-03 | CPRT | Two-player toll bridge for totaled cars, priced like a normal company. | Buy | $33 | $0.00 |
| #1 | 2026-05-03 | CPB | Cheap, understandable, but the moat is melting faster than the discount. | Hold | $18 | $0.00 |
| #1 | 2026-05-03 | COIN | A leveraged bet on crypto adoption priced like a wonderful business — pass. | Avoid | $95 | $0.00 |
| #1 | 2026-05-03 | CMG | A great brand at a fair price, but the compounding engine is sputtering. | Buy | $32 | $0.00 |
| #1 | 2026-05-03 | COF | A subprime card lender priced for normal times, with a Discover wildcard. | Hold | $150 | $0.00 |
| #1 | 2026-05-03 | COHR | A levered photonics roll-up riding the AI optics wave at a price that prices in everything. | Avoid | $120 | $0.00 |
| #1 | 2026-05-03 | CI | Cheap PBM-plus-Commercial cash machine priced as if Washington wins. | Buy | $290 | $0.00 |
| #1 | 2026-05-03 | CNC | A government-fee-utility selling at a third of conservative intrinsic value. | Buy | $55 | $0.00 |
| #1 | 2026-05-03 | CMCSA | Cheap cash machine in structural decline; price discounts the worst. | Buy | $32 | $0.00 |
| #1 | 2026-05-03 | CNP | A leveraged Texas wires monopoly priced for perfection at 1.67x intrinsic value. | Trim | $28 | $0.00 |
| #1 | 2026-05-03 | CLX | Trusted brands, broken math: Clorox is a Hold until owner earnings recover. | Hold | $68 | $0.00 |
| #1 | 2026-05-03 | CL | Great toothpaste franchise, fair business, fully-priced stock — wait for the wobble. | Hold | $72 | $0.00 |
| #1 | 2026-05-03 | CIEN | Cyclical optical-networking specialist priced for permanence at four times intrinsic value. | Avoid | $95 | $0.00 |
| #1 | 2026-05-03 | CMS | Quality Michigan utility, but priced for fantasy growth at 2.4x intrinsic value. | Avoid | $25 | $0.00 |
| #1 | 2026-05-03 | CHD | A great compounder, but priced like one — wait for $90 or below. | Hold | $89 | $0.00 |
| #1 | 2026-05-03 | CMI | Cummins is a wide-moat diesel toll-bridge trading at half intrinsic value. | Buy | $620 | $0.00 |
| #1 | 2026-05-03 | CFG | A workable regional bank near tangible book, not a Buffett-grade compounder. | Hold | $58 | $0.00 |
| #1 | 2026-05-03 | CHTR | Charter trades at 13% of base intrinsic value despite durable broadband moat. | Buy | $200 | $0.00 |
| #1 | 2026-05-03 | CHRW | A trough-cycle freight broker priced for a recovery that AI may steal. | Hold | $120 | $0.00 |
| #1 | 2026-05-03 | CINF | A culture-rich super-regional with priced-in book value and outsized equity portfolio leverage. | Buy | $155 | $0.00 |
| #1 | 2026-05-03 | CCL | Carnival is a leveraged cyclical recovery, not a compounder you marry. | Buy | $24 | $0.00 |
| #1 | 2026-05-03 | CF | Cheap nitrogen toll-road on cheap U.S. gas, with a free clean-ammonia option. | Buy | $130 | $0.00 |
| #1 | 2026-05-03 | CDNS | Wonderful EDA duopolist, but the price already buys 16% growth forever. | Hold | $250 | $0.00 |
| #1 | 2026-05-03 | CME | A toll bridge on global rates and commodities, priced as if the bridge keeps widening. | Hold | $185 | $0.00 |
| #1 | 2026-05-03 | CDW | A scaled IT middleman trading near book of work, not greatness. | Buy | $130 | $0.00 |
| #1 | 2026-05-03 | CAH | A toll-bridge oligopoly priced for perfection — wait for the next litigation panic. | Hold | $140 | $0.00 |
| #1 | 2026-05-03 | BRO | Family-run insurance roll-up; great business, but priced for perfection after the Accession deal. | Hold | $43 | $0.00 |
| #1 | 2026-05-03 | CCI | A simple US tower REIT trapped in a complex restructuring; wait for cleaner numbers. | Hold | $75 | $0.00 |
| #1 | 2026-05-03 | CASY | Casey's is a real franchise, but the price already prints the dream. | Hold | $620 | $0.00 |
| #1 | 2026-05-03 | CARR | A pure-play HVAC franchise with toll-bridge economics trading near 10x earnings. | Buy | $65 | $0.00 |
| #1 | 2026-05-03 | BXP | Trophy office in a structurally impaired asset class trades closer to fair than cheap. | Hold | $48 | $0.00 |
| #1 | 2026-05-03 | CBRE | Asset-light brokerage king at 0.60x IV, but transactional ROIIC tempers the bargain. | Buy | $130 | $0.00 |
| #1 | 2026-05-03 | BSX | Great franchise, full price: BSX is a wonderful company at a fair price, not a steal. | Buy | $50 | $0.00 |
| #1 | 2026-05-03 | BRK-B | Berkshire is a fortress compounder whose price now nearly matches its conservative intrinsic value. | Hold | $400 | $0.00 |
| #1 | 2026-05-03 | BX | Blackstone is a great franchise at a fair price, not a screaming bargain. | Hold | $115 | $0.00 |
| #1 | 2026-05-03 | BK | World-class custody franchise, but priced for a cycle peak. | Hold | $95 | $0.00 |
| #1 | 2026-05-03 | CAG | Cheap brand portfolio at $14, but leverage and GLP-1 cloud the compounding case. | Hold | $11 | $0.00 |
| #1 | 2026-05-03 | BKR | Two-headed energy-tech bet on LNG turbines bolted to a commodity oilfield-services tail. | Hold | $55 | $0.00 |
| #1 | 2026-05-03 | BKNG | World's deepest hotel marketplace, but Google now stands at the door. | Hold | $130 | $0.00 |
| #1 | 2026-05-03 | BDX | Cheap, indebted med-tech roll-up trading at half base IV — interesting, not obvious. | Hold | $130 | $0.00 |
| #1 | 2026-05-03 | BMY | A cheap pharma cash machine racing a patent cliff with one new blockbuster bet. | Hold | $48 | $0.00 |
| #1 | 2026-05-03 | BR | Broadridge is the regulated plumbing of proxy voting, and it is on sale. | Buy | $155 | $0.00 |
| #1 | 2026-05-03 | BIIB | Cheap-looking biotech with a melting franchise; the price is the only good thing. | Hold | $170 | $0.00 |
| #1 | 2026-05-03 | BALL | A boring duopoly cans business at a fair price, not a screaming bargain. | Hold | $48 | $0.00 |
| #1 | 2026-05-03 | AZO | Boring auto-parts retailer compounds quietly while management shrinks the float. | Buy | $3,500 | $0.00 |
| #1 | 2026-05-03 | BLDR | Cyclical scale leader bought at trough multiples with a fortress balance sheet. | Buy | $75 | $0.00 |
| #1 | 2026-05-03 | BAX | A levered post-spinoff stub running on saline, hope, and bondholders' patience. | Avoid | $9 | $0.00 |
| #1 | 2026-05-03 | AWK | A monopoly that needs the regulator's permission to compound at all. | Hold | $108 | $0.00 |
| #1 | 2026-05-03 | AXON | A switching-cost fortress in cop-tech, priced for perfection at 84x earnings. | Hold | $345 | $0.00 |
| #1 | 2026-05-03 | BF-B | Family-controlled Jack Daniel's machine on sale, but the moat is being tested. | Buy | $28 | $0.00 |
| #1 | 2026-05-03 | ATO | Atmos is a steady regulated gas LDC priced at fair value, not a bargain. | Hold | $160 | $0.00 |
| #1 | 2026-05-03 | BEN | Family-controlled asset gatherer fighting active outflows; cheap, but moat is leaking. | Hold | $16 | $0.00 |
| #1 | 2026-05-03 | BBY | A toll on a flat electronics market — pay less than $90 or pass. | Hold | $82 | $0.00 |
| #1 | 2026-05-03 | APTV | Cyclical auto-tech compounder cracked in half at one-third of intrinsic value. | Buy | $65 | $0.00 |
| #1 | 2026-05-03 | ARE | Cheap-looking lab REIT trades at 36% of base IV but the moat is leaking. | Hold | $32 | $0.00 |
| #1 | 2026-05-03 | AVB | Best-in-class coastal apartment REIT trading 27 percent below base intrinsic value. | Buy | $175 | $0.00 |
| #1 | 2026-05-03 | APD | A great oligopoly business diluted by a hydrogen capex hangover priced at no margin of safety. | Hold | $230 | $0.00 |
| #1 | 2026-05-03 | ARES | A toll booth on private credit, but the toll is now priced for perfection. | Hold | $80 | $0.00 |
| #1 | 2026-05-03 | APP | AppLovin is a brilliant ad-tech machine priced for perfection at 1.5x intrinsic value. | Hold | $210 | $0.00 |
| #1 | 2026-05-03 | ANET | Excellent business, dangerous price — wait for the hyperscaler air pocket. | Hold | $90 | $0.00 |
| #1 | 2026-05-03 | AOS | A boring water-heater compounder trading near worst-case intrinsic value. | Buy | $62 | $0.00 |
| #1 | 2026-05-03 | AON | Great franchise, fair-to-rich price after the NFP swallow-it-whole bet. | Hold | $230 | $0.00 |
| #1 | 2026-05-03 | AMGN | Amgen looks cheap on owner earnings, but Horizon-debt and patent cliffs cap conviction. | Hold | $280 | $0.00 |
| #1 | 2026-05-03 | APH | World-class connector compounder, but priced for perfection at 2.5x base IV. | Avoid | $58 | $0.00 |
| #1 | 2026-05-03 | APA | Cyclical E&P at one-third of base IV; cheap, not a compounder. | Too Hard | $28 | $0.00 |
| #1 | 2026-05-03 | AMP | Ameriprise is a fee-based wealth franchise wearing an annuity overcoat at half price. | Buy | $475 | $0.00 |
| #1 | 2026-05-03 | AJG | World-class insurance brokerage roll-up; balance sheet stretched, price near intrinsic value. | Hold | $180 | $0.00 |
| #1 | 2026-05-03 | ALL | Allstate at 0.75x base IV: cyclically depressed P&C runner-up trading like a melting ice cube while it re-prices a $50B+ book — Buy with medium conviction. | Buy | $230 | $0.00 |
| #1 | 2026-05-03 | ALB | Albemarle is a lithium price bet wearing a chemicals company costume. | Too Hard | $25 | $0.00 |
| #1 | 2026-05-03 | AMAT | Wide-moat WFE oligopolist trading at a fair price, not a bargain. | Hold | $250 | $0.00 |
| #1 | 2026-05-03 | AMT | Toll-road on mobile data, trading at 82% of base IV after the painful pivot. | Hold | $165 | $0.00 |
| #1 | 2026-05-03 | ALLE | Wonderful door-hardware franchise, but the price already pays for the next decade. | Hold | $97 | $0.00 |
| #1 | 2026-05-03 | AES | AES is a complex, levered global IPP — interesting price, lousy business. | Hold | $30 | $0.00 |
| #1 | 2026-05-03 | AMCR | A toll-bridge on global packaging now digesting its largest meal ever. | Hold | $37 | $0.00 |
| #1 | 2026-05-03 | AME | AMETEK is a wonderful business at a price that is merely fair. | Hold | $200 | $0.00 |
| #1 | 2026-05-03 | AEE | A regulated rate-base compounder priced for the cycle's top, not its bottom. | Hold | $92 | $0.00 |
| #1 | 2026-05-03 | AIG | AIG is a turnaround P&C insurer; pay book value, not a premium. | Hold | $62 | $0.00 |
| #1 | 2026-05-03 | ALGN | A wounded category king at 42 cents on the dollar with intact economics. | Buy | $180 | $0.00 |
| #1 | 2026-05-03 | AFL | Aflac is a cheap Japanese cancer-policy machine masquerading as a US insurer. | Buy | $105 | $0.00 |
| #1 | 2026-05-03 | AIZ | Boring specialty insurer with sticky B2B2C contracts trading at two-thirds of base IV. | Buy | $215 | $0.00 |
| #1 | 2026-05-03 | AKAM | Akamai trades at one-third of base IV but the legacy CDN core is melting. | Hold | $90 | $0.00 |
| #1 | 2026-05-03 | AEP | Fairly priced regulated utility — own only on a 25% pullback. | Hold | $115 | $0.00 |
| #1 | 2026-05-03 | ADBE | Adobe is a wide-moat cash machine priced like a melting ice cube. | Buy | $260 | $0.00 |
| #1 | 2026-05-03 | ADSK | Autodesk owns the design desktop; Mr. Market is selling it for half its worth. | Buy | $260 | $0.00 |
| #1 | 2026-05-03 | ABT | Diversified medical-products giant trading at one-third of base intrinsic value. | Buy | $90 | $0.00 |
| #1 | 2026-05-03 | ADP | ADP is a toll bridge on payroll with float — fairly priced, not cheap. | Hold | $185 | $0.00 |
| #1 | 2026-05-03 | A | Toll-bridge of the lab — quality compounder, but priced for perfection. | Hold | $90 | $0.00 |
| #1 | 2026-05-03 | ACN | World's largest IT consultant trades at a third of base intrinsic value. | Buy | $185 | $0.00 |
| #1 | 2026-05-03 | ACGL | Disciplined Bermuda underwriter compounding book value through hard-and-soft cycles. | Buy | $85 | $0.00 |
| #1 | 2026-05-03 | ADI | Genuinely good analog franchise, but $397 today is a price for perfection. | Hold | $238 | $0.00 |
| #1 | 2026-05-03 | ABNB | Toll-bridge marketplace at half intrinsic value, but stock-based comp keeps the toll leaky. | Buy | $145 | $0.00 |
| #1 | 2026-05-03 | ADM | Cheap on optics, but a commodity processor with broken trust signals. | Hold | $62 | $0.00 |
| #1 | 2026-05-03 | XOM | ExxonMobil is a commodity giant whose value floats on a barrel of oil. | Too Hard | $63 | $0.00 |
| #1 | 2026-05-03 | WFC | Asset cap lifted, ROTCE rebuild underway — fair-value bank trading at 1.4x TBV | Hold | — | $0.00 |
| #1 | 2026-05-03 | WMT | Great business, terrible price — wait for a 50% drawdown. | Avoid | $65 | $0.00 |
| #1 | 2026-05-03 | V | Visa is the larger half of the world's best duopoly, on sale below intrinsic value. | Buy | $320 | $0.00 |
| #1 | 2026-05-03 | UBER | Uber finally earns its keep, but robotaxis make the runway unknowable. | Too Hard | $55 | $0.00 |
| #1 | 2026-05-03 | UNH | Cheap on paper, but regulatory fog and a leadership shock push UNH into the too-hard pile. | Too Hard | — | $0.00 |
| #1 | 2026-05-03 | RTX | Wide-moat aerospace duopolist trading above intrinsic value with GTF overhang. | Hold | $130 | $0.00 |
| #1 | 2026-05-03 | TXN | A wide-moat analog catalog house mid-cycle, mid-capex; buy under $130, trim above $215. | Buy | $130 | $0.00 |
| #1 | 2026-05-03 | TWLO | Twilio is a toll road on a commodity highway priced like a turnpike monopoly. | Avoid | $35 | $0.00 |
| #1 | 2026-05-03 | PM | Wonderful tobacco economics, terrible price, and a Munger veto on the ethics. | Avoid | $50 | $0.00 |
| #1 | 2026-05-03 | PLTR | Remarkable software, impossible price — Palantir at 758x earnings is a Too Hard. | Too Hard | $40 | $0.00 |
| #1 | 2026-05-03 | NKE | Nike at 0.80x base IV is a wounded brand worth a measured bet. | Buy | $40 | $0.00 |
| #1 | 2026-05-03 | PEP | PepsiCo is a wonderful business at a fair price, not a wonderful price. | Hold | $130 | $0.00 |
| #1 | 2026-05-03 | ORCL | Oracle's $552B RPO is real; the capex bill to deliver it isn't priced in. | Hold | $135 | $0.00 |
| #1 | 2026-05-03 | PG | A wonderful business at a fair-plus price; wait for a better entry. | Hold | $98 | $0.00 |
| #1 | 2026-05-03 | PFE | Pfizer is a statistically cheap pharma franchise inside a patent-cliff vortex. | Hold | $24 | $0.00 |
| #1 | 2026-05-03 | NFLX | Netflix won the streaming war; the question is what victory is worth. | Hold | $78 | $0.00 |
| #1 | 2026-05-03 | MRK | Keytruda is a brilliant tollbooth that loses its toll in 2028. | Hold | $90 | $0.00 |
| #1 | 2026-05-03 | MKL | A disciplined Berkshire-mini trading near book — a buyable, knowable compounder. | Buy | $1,600 | $0.00 |
| #1 | 2026-05-03 | MSFT | A toll-bridge on global productivity, priced today as if growth has stopped. | Buy | $415 | $0.00 |
| #1 | 2026-05-03 | MS | Morgan Stanley is a half-great wealth manager bolted to a cyclical investment bank. | Hold | $150 | $0.00 |
| #1 | 2026-05-03 | MCO | A toll bridge on global debt issuance, currently priced at a fair toll. | Buy | $395 | $0.00 |
| #1 | 2026-05-03 | MA | Mastercard is a global toll bridge selling at sixty-two cents on the dollar. | Buy | $495 | $0.00 |
| #1 | 2026-05-03 | META | World's best ad business priced as if growth has already ended. | Buy | $600 | $0.00 |
| #1 | 2026-05-03 | MCD | A toll-bridge on global lunch — wonderful business, fair price, wait for fear. | Hold | $225 | $0.00 |
| #1 | 2026-05-03 | LRCX | Wonderful business, dangerous price — wait for the next memory winter. | Avoid | $145 | $0.00 |
| #1 | 2026-05-03 | LIN | A toll bridge over the global oxygen river — but the toll is fully priced. | Hold | $440 | $0.00 |
| #1 | 2026-05-03 | LLY | Great medicine, fragile math: at $963 we are paying nine times intrinsic value. | Too Hard | $180 | $0.00 |
| #1 | 2026-05-03 | JNJ | Too Hard: pharma cliff, talc tail, and a ROIC that collapsed to zero. | Too Hard | $165 | $0.00 |
| #1 | 2026-05-03 | KO | A wonderful business at a fair-plus price; wait for the pitch. | Hold | $58 | $0.00 |
| #1 | 2026-05-03 | KLAC | Wide moat in process control, but the price already books the future. | Hold | $900 | $0.00 |
| #1 | 2026-05-03 | INTC | Intel is a turnaround bet on physics and policy, not a compounder. | Too Hard | $20 | $0.00 |
| #1 | 2026-05-03 | GS | Goldman is a great franchise in a structurally unpredictable business. | Too Hard | $560 | $0.00 |
| #1 | 2026-05-03 | IBM | IBM is a melting mainframe wrapped in Red Hat, priced for AI hopes it will not deliver. | Avoid | $95 | $0.00 |
| #1 | 2026-05-03 | GOOGL | A wide-moat compounder priced for a war it is also winning. | Buy | $360 | $0.00 |
| #1 | 2026-05-03 | HD | Home Depot is a wide-moat, cyclical compounder trading at half intrinsic value. | Buy | $300 | $0.00 |
| #1 | 2026-05-03 | CSCO | A wonderful old plumbing business priced like a great new growth story. | Hold | $62 | $0.00 |
| #1 | 2026-05-03 | DIS | Iconic IP, two great businesses, one bleeding pivot — too hard at $103. | Too Hard | $70 | $0.00 |
| #1 | 2026-05-03 | GE | A great franchise at a price that demands near-perfection. | Avoid | $115 | $0.00 |
| #1 | 2026-05-03 | DE | Wide-moat ag franchise on sale at the bottom of its cycle. | Buy | $580 | $0.00 |
| #1 | 2026-05-03 | CVX | Chevron is a fine business but oil prices we cannot forecast. | Too Hard | $95 | $0.00 |
| #1 | 2026-05-03 | CB | Best-in-class P&C underwriter, fairly priced — own it on a cat-cycle dip. | Hold | $255 | $0.00 |
| #1 | 2026-05-03 | C | Citigroup is a turnaround bet, not a Buffett-grade compounder. | Hold | $95 | $0.00 |
| #1 | 2026-05-03 | CAT | Great franchise, wrong price — Caterpillar trades at 1.8x even our high IV. | Trim | $445 | $0.00 |
| #1 | 2026-05-03 | BAC | Good bank, fair price — own it cheaper or own something better. | Hold | $42 | $0.00 |
| #1 | 2026-05-03 | BA | Boeing is a duopoly franchise being run as a cash-burning wreck. | Avoid | $130 | $0.00 |
| #1 | 2026-05-03 | AXP | American Express is a premium spend-network compounder trading at a meaningful discount to fair value. | Buy | $310 | $0.00 |
| #1 | 2026-05-03 | AVGO | A great business at a price that already prices in greatness. | Avoid | $130 | $0.00 |
| #1 | 2026-05-03 | AMZN | A wide-moat compounder priced at a modest discount, not a fat pitch. | Hold | $230 | $0.00 |
| #1 | 2026-05-03 | AMD | A cyclical chip designer priced like a perpetual monopoly — pass. | Avoid | $45 | $0.00 |
| #1 | 2026-05-03 | ABBV | A good drug company at a price that demands a miracle. | Avoid | $90 | $0.00 |
| #1 | 2026-05-03 | JPM | JPMorgan is the best-run megabank, but you only buy banks at fair prices. | Hold | $185 | $0.00 |
| #1 | 2026-05-03 | AAPL | World-class business at a fair price; wait for $260 or less. | Hold | $260 | $0.00 |
| #1 | 2026-05-03 | TSLA | Tesla is too hard: outcome depends on bets we cannot rationally handicap. | Too Hard | — | $0.00 |
| #2 | 2026-05-03 | COST | Wonderful business, demanding price — wait for Mr. Market's bad day. | Hold | $720 | $1.01 |
| #1 | 2026-05-03 | NVDA | NVDA: Too Hard | Too Hard | — | $0.00 |
| #1 | 2026-05-03 | COST | Wonderful business, demanding price — wait for Mr. Market's bad mood. | Hold | $730 | $0.95 |