FolioMind · Theme & Leadership

OverviewBuyable NowSetup Radar Theme Spotlights Theme Picks Deep DivesEarnings

Market Read

Where the market stands right now — the regime backdrop the rest of this issue reads against.

The market is spinning risk out of one crowded corner and into cash-flow value and defensives — it is not fleeing to cash. The trigger was a violent AI-memory washout: semis (SMH) fell 23% in a month and about 25% off their high, Micron dropped 10% in a single session and sits 41% below its high, and the chip complex reportedly shed roughly $1T.

But the money went somewhere. The 1-month leaderboard is Energy +10.4%, Financials +5.7%, Staples +5.2%, Healthcare +4.8%, and REITs +4.4%.

Small-cap value and REITs are sitting closer to their 52-week highs than almost any other proxy. Two popular narratives were flatly wrong on verification.

First, "software is the new leadership" fails at the group level — IGV is down 12.6% YTD, 21.7% off its high, and below its 200-DMA; the software pops were scattered one-day earnings gaps, not a group breakout. Second, "semis leadership is dead" is overstated — SMH is still the #1 YTD theme at +40% and still 12.6% above its 200-DMA.

That is a correction of the year's biggest winner, not a trend death. Four sectors that stale one-day sector stamps had labeled "weak" — Financials, Healthcare, Real Estate, Energy — are in fact the measured leaders on multi-week relative strength.

One honest limit: this read is anchored to a single high-volatility session (2026-07-29). The durable signal is the multi-week and YTD relative-strength map, not today's tape.

A washout can partially reverse, so confirm leadership on follow-through, not on one print.

Theme Radar

Every theme in one scan — its state, breadth, durability, the best current read, and what would break it.

ThemeStateBreadthRSSustainabilityBest read / kill condition

Buyable Now

Leading- and emerging-theme leaders currently pulling back to (or reclaiming) a rising key moving average — a timing shortlist, not a buy signal. Grouped by theme, sorted by MA tier then relative strength. The MA is the stop reference; extended and RS-faded leaders are deliberately excluded.

35buyable leaders14themes34pullbacks1reclaims

Energyestablished-leading

TickerTierDirFrom MAStopRiskRSSignal

APA100-SMApullback-0.7%100-SMA2.4%91▲ reversal (hammer) · 0.9× vol

COP100-SMApullback-0.3%100-SMA1.6%75▲ doji · 0.8× vol

Financials & Regional Banksestablished-leading

TickerTierDirFrom MAStopRiskRSSignal

UFCS8-EMApullback+1.7%8-EMA3.3%93

MRX21-EMApullback-1.3%21-EMA4.0%91▲ inside bar · 0.6× vol

Transports & Freightestablished-leading

TickerTierDirFrom MAStopRiskRSSignal

JBHT50-EMA+SMApullback+0.5%50-EMA+SMA2.1%87▲ doji · 1.3× vol

ODFL50-EMA+SMApullback-0.2%50-EMA+SMA1.8%80▲ reclaim bar · 1.6× vol

Life-Science Tools & Bioprocessingemerging-early

TickerTierDirFrom MAStopRiskRSSignal

BRKR8-EMApullback+1.5%8-EMA3.8%92

Aerospace & Defenseestablished-leading

TickerTierDirFrom MAStopRiskRSSignal

PKE50-EMA+SMApullback-2.3%50-EMA+SMA5.7%86

HWM50-EMA+SMApullback+1.1%50-EMA+SMA2.7%83

WWD50-SMApullback-1.8%50-SMA3.6%74

Cybersecurityestablished-leading

TickerTierDirFrom MAStopRiskRSSignal

CRWD50-EMA+SMApullback-0.4%50-EMA+SMA3.3%91

FFIV50-EMApullback-1.2%50-EMA3.3%76▲ inside bar · 1.3× vol

Airlines / Air Travelemerging-early

TickerTierDirFrom MAStopRiskRSSignal

ULCC50-SMApullback+1.9%50-SMA5.7%86▲ reclaim bar · 1.5× vol

ALGT50-SMApullback-1.8%50-SMA4.9%83

UAL50-EMA+SMApullback+2.0%50-EMA+SMA4.1%74

Biotechemerging-early

TickerTierDirFrom MAStopRiskRSSignal

ARWR8-EMApullback+3.1%8-EMA5.8%98▲ reversal (piercing) · 0.8× vol

CRNX8-EMApullback+0.8%8-EMA2.4%98

RVMD21-EMApullback-0.8%21-EMA2.7%98

Materials & Steelemerging-early

TickerTierDirFrom MAStopRiskRSSignal

MT8-EMApullback-1.1%8-EMA2.7%91

Healthcare / Managed-Care Turnemerging-early

TickerTierDirFrom MAStopRiskRSSignal

CNC50-EMApullback-0.3%50-EMA2.6%94

HUM50-EMA+SMApullback+0.0%50-EMA+SMA2.2%93

CLOV50-EMApullback-2.0%50-EMA5.2%91▲ inside bar · 0.7× vol

AI Compute Hardware & Serversestablished-leading

TickerTierDirFrom MAStopRiskRSSignal

DELL50-EMApullback-2.2%50-EMA6.8%98▲ inside bar · 0.7× vol

Homebuilders / housing-adjacent (rate-cut beneficiaries)Emerging / early

TickerTierDirFrom MAStopRiskRSSignal

BZH8-EMApullback-0.9%8-EMA2.6%91

Biotech / life-science tools (M&A + lower-rates bid)established-leading

TickerTierDirFrom MAStopRiskRSSignal

ANRO8-EMApullback-1.4%8-EMA5.3%99

DNTH8-EMApullback+1.1%8-EMA3.9%98▲ reversal (harami) · 0.8× vol

COGT8-EMApullback-0.6%8-EMA2.7%96

NRIX8-EMApullback+0.1%8-EMA2.7%92

MRVI13-EMApullback-1.9%13-EMA4.6%97

CLYM50-EMA+SMApullback+0.5%50-EMA+SMA4.9%99▲ inside bar · 0.7× vol

ALMS50-EMApullback+1.7%50-EMA5.3%98

DRTS50-EMA+SMApullback+0.1%50-EMA+SMA4.3%97

Selective medtech / device breakoutsemerging-early

TickerTierDirFrom MAStopRiskRSSignal

AXGN8-EMApullback+1.9%8-EMA4.8%94

ESTA10-EMApullback+0.1%10-EMA2.1%95▲ doji · 0.8× vol

IART50-EMAreclaim-4.2%50-EMA7.2%89

Full tiers (21-EMA · 50/100/200 EMA+SMA, confluence flagged) with real per-line rising flags + location-gated candlestick confirmation, from TP shared_panel schema_version 2.

Setup Radar

A tradeability-first swing watchlist across the leadership lifecycle. Scanned across the full US universe and staged: actionable now, coiling (armed, not yet triggered), and reset (former leaders basing back). Every name carries a defined stop and its risk in ATR. Descriptive setups with defined risk, not a buy list.

88on the watchlist35actionable now23coiling30reset watch

Actionable now35

At or reclaiming a rising fast MA, near highs, with a live trigger — the buyable edge of the list.

TickerThemeRS6-moOff highADRStop · riskTrigger

SYREBiotech Laggard-to-Leader (small/mid-cap)9999-7%6.2%8-EMA · 0.7Rpullback

TXG—9898-6%6.1%8-EMA · 0.6Rpullback

VSTS—9798-12%4.1%21-EMA · 0.7Rpullback

ELVN—9797-5%4.7%8-EMA · 0.5Rinside bar

INNV—9797-9%5.7%13-EMA · 0.5Rpullback

DK—9898-6%4.4%8-EMA · 0.9Rpullback

ORKABiotech Laggard-to-Leader (small/mid-cap)9998-10%5.8%10-EMA · 0.9Rpullback

DNTH—9897-4%5.7%8-EMA · 0.7Rreversal

MPC—9596-6%2.9%8-EMA · 0.5Rpullback

URGN—9797-8%5.1%8-EMA · 0.8Rpullback

CLMTEnergy / Oil & Gas (E&P + Services)9797-6%3.7%10-EMA · 0.9Rpullback

LQDA—9897-5%5.8%8-EMA · 0.9Rpullback

PBF—9797-7%5.4%8-EMA · 0.9Rpullback

PVLA—9796-12%7.9%21-EMA · 0.7Rpullback

RVMDBiotech Laggard-to-Leader (small/mid-cap)9896-7%3.7%21-EMA · 0.7Rpullback

TVTX—9796-8%4.5%21-EMA · 0.7Rpullback

PEB—9395-4%2.8%8-EMA · 0.5Rdoji

VLO—9595-6%3.6%10-EMA · 0.5Rpullback

DINO—9696-4%3.6%8-EMA · 0.8Rpullback

PBITransports / Freight & Logistics9096-6%3.1%21-EMA · 0.8Rpullback

TGTX—9396-10%4.5%21-EMA · 0.8Rpullback

ODC—9295-8%3.8%8-EMA · 0.6Rpullback

TRVI—9595-10%7.1%8-EMA · 0.6Rpullback

GEO—9296-7%3.6%13-EMA · 0.9Rpullback

NAT—9695-4%4.1%8-EMA · 0.7Rpullback

BTSG—9796-6%4.0%13-EMA · 1.0Rpullback

ECPG—9596-4%3.6%8-EMA · 1.0Rpullback

NTAP—9596-10%4.4%8-EMA · 1.0Rdoji

MBX—9896-4%7.4%8-EMA · 1.1Rpullback

RLJ—9495-1%2.6%8-EMA · 0.9Rpullback

CROX—9094-5%3.4%8-EMA · 0.7Rdoji

NHC—9695-2%3.0%8-EMA · 1.0Rpullback

CRNX—9894-0%3.2%8-EMA · 0.8Rpullback

MRX—9194-11%5.2%21-EMA · 0.8Rinside bar

PTGX—9694-7%4.6%10-EMA · 0.8Rpullback

Coiling23

Leaders pulled back to a rising 21/50, base tightening, defined risk — armed, not yet triggered.

TickerThemeRS6-moOff highADRStop · riskTrigger

FTNTCybersecurity9496-10%4.4%50-SMA · 0.7Rreclaim

KOD—9893-16%7.5%50-EMA · 0.5Rcoil

SGHC—8893-6%4.0%21-EMA · 0.5Rcoil

NETCybersecurity8992-7%5.1%21-EMA · 0.6Rcoil

OPY—8592-11%4.3%50-EMA · 0.6Rcoil

EWTX—9690-18%6.4%50-EMA · 0.6Rcoil

VCYT—9591-8%5.0%50-SMA · 1.1Rcoil

UNFI—9088-12%3.5%21-EMA · 0.5Rpivot

DAL—8686-10%3.3%21-EMA · 0.1Rcoil

BGC—7987-9%2.8%21-EMA · 1.1Rcoil

PRG—8285-10%4.5%50-EMA · 0.9Rcoil

FFBC—8083-7%2.5%50-EMA · 1.1Rpivot

LQDT—8180-7%3.1%50-SMA · 0.7Rcoil

MSGE—8883-8%2.9%21-EMA · 0.0Rcoil

GEDefense / Aerospace & Drones7679-8%2.9%50-EMA · 0.8Rcoil

PCG—7678-8%2.4%21-EMA · 0.7Rpivot

DE—6876-9%3.0%21-EMA · 0.3Rcoil

HGV—6676-7%3.5%50-SMA · 0.4Rpivot

ZION—7478-6%2.5%50-EMA · 0.9Rcoil

CINF—6974-7%2.7%21-EMA · 0.3Rreclaim

DNLI—8574-13%5.3%50-EMA · 0.7Rcoil

UAL—7473-14%4.1%50-SMA · 0.5Rcoil

WLFC—7577-15%4.8%21-EMA · 0.0Rcoil

Reset watch30

Former leaders (strong 6-mo RS) basing or reclaiming after a deep pullback — tactical, defined-risk, not an investment call.

TickerThemeRS6-moOff highADRStop · riskTrigger

SEZL—9498-22%8.2%50-EMA · 0.4Rbase

EXTRAI Networking / Optical Interconnect9297-14%5.2%50-EMA · 0.2Rbase

NKTR—9697-35%5.7%21-EMA · 0.5Rreversal

KOS—8295-26%7.2%21-EMA · 0.4Rreversal

ERASBiotech Laggard-to-Leader (small/mid-cap)9996-27%7.2%50-EMA · 0.9Rbase

IRDM—9298-22%4.0%ADR-stop · 1.5Rbase

TH—9098-31%6.1%ADR-stop · 1.5Rbase

TNGX—9898-25%7.0%ADR-stop · 1.5Rbase

CRWDCybersecurity9193-18%5.9%50-EMA · 0.4Rbase

BFLYSelective Medtech / Device Breakouts9794-27%8.5%50-EMA · 1.1Rbase

ANAB—9495-28%8.5%ADR-stop · 1.5Rbase

LINC—9095-23%6.4%ADR-stop · 1.5Rbase

GTX—9394-21%4.8%ADR-stop · 1.5Rbase

SPHR—9592-20%6.0%ADR-stop · 1.5Rreversal

VSAT—9892-25%8.1%ADR-stop · 1.5Rbase

KLICAI Memory / HBM Super-Cycle8691-39%10.8%ADR-stop · 1.5Rbase

EZPW—8790-22%6.2%ADR-stop · 1.5Rbase

CTS—7884-12%4.0%21-EMA · 0.1Rbase

ABCL—6689-36%10.0%ADR-stop · 1.5Rbase

MCRI—7189-10%3.1%ADR-stop · 1.5Rreversal

AVBPBiotech Laggard-to-Leader (small/mid-cap)7388-16%6.2%ADR-stop · 1.5Rreversal

FROG—8885-26%7.8%ADR-stop · 1.5Rbase

KNXTransports / Freight & Logistics8285-14%4.1%ADR-stop · 1.5Rreclaim

LASR—9285-32%11.1%ADR-stop · 1.5Rbase

ODFLTransports / Freight & Logistics8085-12%3.2%ADR-stop · 1.5Rreclaim

POWI—3185-38%8.0%ADR-stop · 1.5Rbase

BATRA—6983-6%2.2%ADR-stop · 1.5Rreversal

TSHA—8383-23%7.8%ADR-stop · 1.5Rreversal

NUVB—9682-32%6.0%21-EMA · 1.3Rbase

CRGYEnergy / Oil & Gas (E&P + Services)7180-23%3.7%21-EMA · 1.1Rreclaim

Setup Radar gates on tradeability (defined risk on a swing horizon), not durable leadership — it deliberately includes reset candidates the other tabs exclude by design. Descriptive, never a recommendation.

Leading Theme Spotlights

In-depth cards for the leading and emerging themes — the driver, why it’s working now, whether it’s durable, the best read, the stocks, and what would break it.

Biotech Laggard-to-Leader (small/mid-cap)

LeadingBasing⚡10 buyableStableCandidate

61 breadth94 median RS81% RS>=8079% >50-DMA

What is driving it

Small/mid-cap biotech turning from a multi-year laggard toward leadership.

Why now

RS-rich vs pool (rs80 ratio 1.60 ≥ 1.15) + 200-DMA base intact breadth_log Δscore +0.8 (prior 2026-07-28 · overlap 92% · age 1d/1 issues) Top RS drivers: ERAS · RS 99 · CB · +13% to pivot, SYRE · RS 99 · CB · +7% to pivot, ORKA · RS 99 · CB · +9% to pivot

Sustainability

Breadthstory-leaning — 97/132 cash-burning, 30/132 qualifying names self-funding/profitable

EconomicsComputed stock layer shows 108 drivers, 11 pullbacks, 13 watchlist names; use the GQ badges to separate self-funding growth from story momentum.

Best current readASNDexposed-catch-up

Every RS 98-99 driver here is a sub-$1B cash-burner, so sustainability steers to ASND: self-funding growth (rev 97.4%, eps 39.8%), RS 78, only 10.7% off high and 6.6% from pivot — a durable name positioned to catch up in a story-heavy theme.

Kill condition: RS drops below 70 or closes below the 50-DMA

108 drivers11 pullbacks13 watchlist2 broken excludedfull list in the Deep Dives tab

Leaders to inspect

TickerCapGQSetupWhy it mattersWatch item

ERAS$5BGQ CBRS 99 / +13% pivot / -27% high / trendExplosive momentum with RS surging 24 to 98; pipeline optimism drives laggard-to-leader re-rating.Cash-burning with ROIC -0.087 and negative FCF; clinical/financing risk, still -44.8% below high.

SYRE$3BGQ CB⚡ 8-EMA pullback · 4.6% risk / RS 99 / +7% pivot / -7% high / trendPipeline momentum: RS 97, EPS +55.7%, margins expanding, sits near 52w high.Cash-burning clinical stage: op margin -63.2%, negative FCF and ROIC; binary trial risk.

ORKA$2BGQ CB⚡ 10-EMA pullback · 5.0% risk / RS 99 / +9% pivot / -10% high / trendRS 97 sustained; eps growth 53.7%, just above pivot (-2.1%) signaling breakout.-26.4% below 52-week high; cash-burning with negative ROIC -0.073.

ANRO$728MGQ CB⚡ 8-EMA pullback · 5.3% risk / RS 99 / +6% pivot / -7% high / trendRS rocketed from 30 to 98; sitting right at pivot (0.4%), actionable breakout.Cash-burning and -25.6% below 52-week high; clinical-stage with no product revenue.

+6 more in the Deep Dives tab

Recent leaders in pullback

TickerCapGQSetupWhy it mattersWatch item

VRTX$111BGQ SFRS 58 / +3% pivot / -9% high / trendSelf-funding growth with 40.3% op margin; EPS rebounded sharply (up sharply (base-effect figure excluded)) on franchise strength.Margins contracting and thin 2.9% FCF yield; -8.4% below pivot, not yet leading.

RYTM$6BGQ CBRS 72 / +4% pivot / -13% highRev +45.8% with margins expanding off a small-cap base.Cash-burning, op margin -0.822; RS fading 84 to 72.

+6 more in the Deep Dives tab

Intact watchlist / exposed names

TickerCapGQSetupWhy it mattersWatch item

UTHR$25BGQ SFRS 79 / +3% pivot / -14% highSelf-funding profitable growth; op margin 0.451, positive FCF yield 0.038; Tyvaso drives +10.6% revenue.Margins contracting; modest 10.6% revenue growth; Tyvaso facing competitive and generic pressure.

ASND$15BGQ SF⚡ 50-EMA pullback · 3.0% risk / RS 78 / +7% pivot / -11% high / trendRevenue +97.4%, self-funding growth with positive 0.04 op margin and FCF.Thin profitability (0.014 ROIC); RS 62 still lagging at $15B cap.

+11 more in the Deep Dives tab

GLP-1 / Obesity & Large-Cap Pharma

LeadingExtended⚡1 buyableNew

54 breadth81 median RS60% RS>=8093% >50-DMA

What is driving it

Defensive-growth rotation plus the incretin/obesity franchise. XLV is up 13.9% over three months, the best 3-month reading in the set. Eli Lilly is up 42% in three months on the oral GLP-1 (orforglipron) story, and ABBV is printing new highs on immunology...

Why now

RS-rich vs pool (rs80 ratio 1.19 ≥ 1.15) + 200-DMA base intact prior 2026-07-27 discarded — membership reconstituted (overlap 44% < 50%): treated as a NEW composition, no trend claim, no hysteresis Top RS drivers: LLY · RS 88 · SF · +3% to pivot, JNJ · RS 86 · SF · +4% to pivot, MRK · RS 86 · P · -0% to pivot

Sustainability

Breadthdurability-leaning — broad participation, 10/12 qualifying names self-funding/profitable

DurabilityDurable as a defensive-growth anchor, but the leadership is concentrated in a few franchises. LLY's entire valuation rests on obesity — any orforglipron label or pricing disappointment de-rates it hard. AMGN's MariTide obesity data is a binary catalyst. The sector trend is sustainable; single-name risk is the fragility.

EconomicsA wide spread. AMGN is the only Strong-and-reasonably-valued name (13x EBITDA, 4.6% FCF yield, 2.9% dividend) but also the weakest relative strength. LLY is Stretched — 15x sales, ~47x earnings, near-zero FCF yield, priced for perfection. ABBV and IQV are Mixed: both leveraged (3.6x and 4.1x net debt/EBITDA), ABBV with negative book equity and GAAP earnings distorted by amortization...

Best current readLLYdriver-continuation

LLY is the core obesity/GLP-1 name, leading at RS 88 with the strongest growth in the theme (rev 44.7%, eps 96.0%), self-funding, just 3.2% off its high and 3.3% from pivot in a broadly leading theme (93% above 50-DMA).

Kill condition: RS drops below 80, closes below 50-DMA, or next earnings misses

8 drivers2 pullbacks2 watchlist1 broken excludedfull list in the Deep Dives tab

Leaders to inspect

TickerCapGQSetupWhy it mattersWatch item

LLY$888BGQ SFRS 88 / +3% pivot / -3% high / trendRevenue up 44.7% and EPS up 96% on surging GLP-1 demand.Low FCF yield (1.3%) signals rich valuation amid intensifying GLP-1 competition.

JNJ$575BGQ SFRS 86 / +4% pivot / -3% high / trendSharp RS recovery (42 to 77) with revenue up 6% and EPS up 90.8%.Pulled back 5.8% from highs; low ROIC (3.6%) and ongoing talc litigation overhang.

MRK$300BGQ PRS 86 / -0% pivot / -4% high / trendImproving relative strength (RS 80, up from 59) with high operating margins (53.3%).Revenue nearly flat (1.3%) with Keytruda patent cliff approaching late-decade.

ABBV$368BGQ PRS 84 / -1% pivot / -1% highSkyrizi/Rinvoq ramp drives 8.6% revenue growth, margins expanding; RS climbed 44 to 66.Humira biosimilar erosion pressures profitability; EPS -1.4% and ROIC just 0.04 despite revenue growth.

+4 more in the Deep Dives tab

Recent leaders in pullback

TickerCapGQSetupWhy it mattersWatch item

NVS$297BGQ SFRS 76 / +1% pivot / -4% high / trendRevenue up 8.6% and EPS up 21.6%, with sharply improving relative strength (36 to 67).Down 9.9% from highs with contracting margins and low ROIC (2.8%).

AMGN$189BGQ SFRS 79 / -3% pivot / -3% high / trendObesity pipeline (MariTide) optionality with 10% revenue growth, 0.398 margins; RS jumped 29 to 60.Obesity-trial readout risk; ROIC just 0.05 and price -11.9% below 52-week high.

Intact watchlist / exposed names

TickerCapGQSetupWhy it mattersWatch item

GSK$117BGQ SFRS 75 / -1% pivot / -13% highEPS up 125.6% and RS surged 32 to 62 on specialty medicine momentum.Margins contracting with thin 0.128 operating margin; -16.3% from 52-week high signals pressure.

GILD$173BGQ SFRS 64 / +6% pivot / -15% highEPS rebound up sharply (base-effect figure excluded), margins expanding; op 0.374, 0.062 FCF yield.Rev only +2.4%; no GLP-1 exposure, reliant on HIV franchise.

Selective Medtech / Device Breakouts

LeadingBasing⚡5 buyableImproving

52 breadth86 median RS61% RS>=8075% >50-DMA

What is driving it

Stock-specific structural growth catalysts. Edwards is just below its 52-week high after a clean six-month base breakout, with Q1-2026 heart-therapy growth ~+42% YoY and raised FY guidance. Glaukos is reclaiming its 200-day from below. The selectivity is the...

Why now

RS-rich vs pool (rs80 ratio 1.20 ≥ 1.15) + 200-DMA base intact breadth_log Δscore +6.4 (prior 2026-07-23 · overlap 90% · age 6d/4 issues) Top RS drivers: BFLY · RS 97 · CB · +18% to pivot, ESTA · RS 95 · CB · +6% to pivot, AXGN · RS 94 · M · +14% to pivot

Sustainability

Breadthdurability-leaning — broad participation, 10/15 qualifying names self-funding/profitable

DurabilityShort-term and fragile because it rests on 2-3 names. The broad device proxy IHI is the single weakest in the RS set (-25% off its high), so there is no sector tailwind underneath. This is a stock-picker's theme, not a own-the-group theme.

EconomicsThe named breakouts (EW, BSX) are healthy — profitable, growing, reasonable balance sheets — but the proxy weakness signals the average device name is struggling. Lowest conviction in the set for exactly this reason: the health is concentrated in a handful of names, not the group.

Best current readLIVNdriver-continuation

LIVN leads (RS 91), sits just -4.5% off its high with a tight 4.7% pivot, and carries self-funding growth quality on 10.7% revenue. Cleaner durability than higher-RS but cash-burning peers ESTA and GKOS.

Kill condition: RS percentile drops below 80 or closes below the 50-DMA

8 drivers2 pullbacks5 watchlist0 broken excludedfull list in the Deep Dives tab

Leaders to inspect

TickerCapGQSetupWhy it mattersWatch item

BFLY$1BGQ CBRS 97 / +18% pivot / -27% high / trendRevenue up 19% with expanding margins and EPS up 9.8%; RS strong at 92.Deeply negative operating margin (-61.8%); still cash-burning despite revenue growth.

ESTA$2BGQ CB⚡ 10-EMA pullback · doji · 2.1% risk / RS 95 / +6% pivot / -5% high / trend27.1% revenue and 42.2% EPS growth with expanding margins; RS 87 leads the theme.Still cash-burning: -6.1% operating margin and negative FCF yield (-1.8%).

AXGN$2BGQ M⚡ 8-EMA pullback · 4.8% risk / RS 94 / +14% pivot / -12% highRevenue up 20.2% with RS-leading 95 and turned FCF-positive (yield 0.4%).Still unprofitable — operating margin -16.3%, EPS -49.2% — amid commercial scaling costs.

GKOS$7BGQ CBRS 92 / +3% pivot / -3% high / trend32.3% revenue growth with margins expanding toward breakeven.RS faded 82 to 71 in a 14.7% pullback; still cash-burning (-12.9% operating margin).

+4 more in the Deep Dives tab

Recent leaders in pullback

TickerCapGQSetupWhy it mattersWatch item

DXCM$25BGQ SFRS 69 / +5% pivot / -16% high / trendEPS up 46.2% with expanding margins and self-funding growth.RS collapsed to 42 from 77; sits 21.7% below 52w high.

UFPT$2BGQ SFRS 69 / +10% pivot / -9% high / trendRevenue up 19.5%, eps 15.4%, self-funding with positive FCF yield 0.038.RS slipped to 60 from 70; thin ROIC 0.032; 15% off high.

Intact watchlist / exposed names

TickerCapGQSetupWhy it mattersWatch item

IRMD$1BGQ SF⚡ 50-EMA+SMA pullback · inside bar · 1.9% risk / RS 78 / +4% pivot / -12% highRS surged 40 to 78; 14.4% revenue and 16.7% EPS growth at 31.3% operating margin.Margins contracting despite the 31.3% level; modest 1.9% FCF yield at $1B scale.

PEN$13BGQ SFRS 66 / -0% pivot / -12% high17.5% revenue growth, expanding margins, up sharply (base-effect figure excluded) EPS rebound; RS surged from 36 to 60.Thin 1.7% FCF yield and 2.7% ROIC leave valuation dependent on continued growth delivery.

+3 more in the Deep Dives tab

Managed Care / Health-Plan Turn

LeadingPulling back⚡2 buyableNew

51 breadth88 median RS70% RS>=8060% >50-DMA

What is driving it

An earnings-margin recovery off a beaten-down trough. UNH reclaimed both its 50- and 200-day on its earnings print, dragging the cohort up. All five are recovering off depressed or loss-making 2025 quarters.

Why now

RS-rich vs pool (rs80 ratio 1.38 ≥ 1.15) + 200-DMA base intact prior 2026-07-27 discarded — membership reconstituted (overlap 41% < 50%): treated as a NEW composition, no trend claim, no hysteresis Top RS drivers: OSCR · RS 97 · M · +6% to pivot, CNC · RS 94 · M · +9% to pivot, HUM · RS 93 · M · +12% to pivot

Sustainability

Breadthmixed — 4/8 qualifying names self-funding/profitable

DurabilityGenuinely early and the least-crowded of the 'defensive' trio, so more runway than utilities or gold. But it is a recovery bet, not a secular growth story — the margin turn has to keep proving out, and the 2026 ACA subsidy cliff clouds CNC and others.

EconomicsMixed and recovering off trough. Cheap on sales (CNC 0.22x, MOH 0.50x), but profitability is still depressed (UNH ROE 5%, MOH ~0.3%) and balance sheets vary from net cash (CNC, MOH) to heavy leverage (CVS ~11.8x net-debt/EBITDA). The optically high EV/EBITDA multiples sit on trough earnings, not a permanent condition.

Best current readUNHdriver-continuation

UNH is the bellwether health plan, leading again (RS 88) at self-funding growth quality on 11.8% revenue, -8.9% off high. Durability edge over hotter but mixed-GQ OSCR/CNC/HUM. Pivot 9.8% is the watch item.

Kill condition: RS percentile drops below 80 or theme breadth turns deteriorating

6 drivers0 pullbacks2 watchlist0 broken excludedfull list in the Deep Dives tab

Leaders to inspect

TickerCapGQSetupWhy it mattersWatch item

OSCR$4BGQ MRS 97 / +6% pivot / -8% high / trend27.5% revenue growth and outsized 36.3% FCF yield with RS 93 momentum.Deeply unprofitable: -11.9% operating margin, -22.8% ROIC, EPS collapsing amid contracting margins.

CNC$18BGQ M⚡ 50-EMA pullback · 2.6% risk / RS 94 / +9% pivot / -11% high19.4% revenue growth, 19.5% FCF yield, margins expanding; RS 90 near 52-week high.Still loss-making: -3.5% operating margin and deeply negative (base-effect figure excluded) EPS decline from elevated...

HUM$23BGQ M⚡ 50-EMA+SMA pullback · 2.2% risk / RS 93 / +12% pivot / -15% high / trendRS 93 within 0.6% of 52-week high on 10.1% revenue growth as sentiment turns.Negative -3.2% operating margin and contracting margins show medical-cost pressure persists.

CVS$101BGQ PRS 89 / +4% pivot / -4% high / trend6% FCF yield and steady RS 83, sitting 1.4% below pivot as group recovers.EPS fell 62.3% with margins contracting on a thin 2% operating margin.

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Intact watchlist / exposed names

TickerCapGQSetupWhy it mattersWatch item

ELV$69BGQ SFRS 68 / +5% pivot / -14% highRecovering to within 0.5% of 52-week high with 12.6% revenue growth and 6.9% FCF yield.Medical cost pressure: EPS -1.9% with operating margin contracting to 1.2%.

MOH$8BGQ MRS 51 / +17% pivot / -19% highRevenue still growing 11.7%; sits within 1.2% of pivot after deep pullback.EPS down 58% with negative operating margin; stock 34.8% below 52-week high.

AI Memory / HBM Super-Cycle

LeadingPulling backNewCandidate

37 breadth97 median RS89% RS>=800% >50-DMA

What is driving it

HBM and high-end DRAM/NAND plus the memory-test and equipment names levered to the AI memory super-cycle.

Why now

RS-rich vs pool (rs80 ratio 1.76 ≥ 1.15) + 200-DMA base intact prior 2026-06-25 discarded — membership reconstituted (overlap 39% < 50%): treated as a NEW composition, no trend claim, no hysteresis Top RS drivers: SNDK · RS 99 · M · +11% to pivot, MU · RS 98 · SF · +37% to pivot, WDC · RS 98 · SF · +8% to pivot

Sustainability

Breadthdurability-leaning — broad participation, 6/8 qualifying names self-funding/profitable

EconomicsComputed stock layer shows 8 drivers, 0 pullbacks, 0 watchlist names; use the GQ badges to separate self-funding growth from story momentum.

Best current readMUdriver-continuation

MU is the purest HBM beneficiary: RS 98, self-funding growth, and the strongest fundamentals in the panel (rev 85.5%, eps up sharply (base-effect figure excluded)) inside a leading theme with 88.9% of names RS-80-plus. Clear self-funding leader over mixed-GQ SNDK.

Kill condition: RS drops below 80 or theme breadth turns deteriorating

8 drivers0 pullbacks0 watchlist1 broken excludedfull list in the Deep Dives tab

Leaders to inspect

TickerCapGQSetupWhy it mattersWatch item

SNDK$126BGQ MRS 99 / +11% pivot / -57% highNAND upcycle: 23.6% revenue growth, 35.2% operating margins still expanding, RS 99.EPS comparison of deeply negative (base-effect figure excluded) with FCF and ROIC unreported; cyclical earnings...

MU$474BGQ SFRS 98 / +37% pivot / -41% highAI memory upcycle: revenue +85.5%, EPS up sharply (base-effect figure excluded), 67.6% operating margin still expanding.FCF yield only 1% as heavy HBM capex absorbs cash; memory pricing is cyclical.

WDC$116BGQ SFRS 98 / +8% pivot / -42% highAI storage demand: EPS up 192.9%, margins expanding to 31.9%, self-funding growth.Revenue growth only 4.7%; earnings leverage depends on cyclical HDD pricing holding.

STX$110BGQ SFRS 98 / +22% pivot / -33% high25.2% revenue growth with expanding margins and 11.9% ROIC on AI storage demand.Cyclical HDD pricing exposure; shares sit 12.5% below their 52-week high.

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AI Compute / Semiconductors

LeadingPulling back⚡1 buyableDeteriorating

25 breadth82 median RS56% RS>=802% >50-DMA

What is driving it

A memory-cycle scare, not a broad demand collapse. Memory is the epicenter — Micron down 35% in a month, Korean HBM makers slowing capacity on a '2027 memory-price peak' narrative. SMH is still #1 YTD at +40% and still 12.6% above its 200-DMA, but the entire...

Why now

held prior 'leading' (prior 2026-07-28 · overlap 88% · age 1d/1 issues) — rs80 ratio 1.10 within ±0.05 of the 1.15 lead band; today's raw read: fading breadth_log Δscore -4.7 (prior 2026-07-28 · overlap 88% · age 1d/1 issues) Top RS drivers: MU · RS 98 · SF · +37% to pivot, DELL · RS 98 · SF · +23% to pivot, AEHR · RS 97 · CB · +55% to pivot

Sustainability

Breadthmixed — 19/32 qualifying names self-funding/profitable

DurabilityCorrecting, not fading — but do not catch the knife yet. The 200-DMA is the line that decides correction versus regime break. AVGO is the most resilient (down just 0.6% over the month, still above its 200-DMA); NVDA's 'most resilient' tag is only half-true — it closed below its 200-DMA at the day low and is the group's worst YTD performer versus the index (+1% vs +35%), defensive in...

EconomicsElite operations, stretched valuations. NVDA (71% gross margin, 63% ROIC, net cash) and ANET (23% ROIC, net cash) are fundamentally Strong but trade at 39x and 57x. TSM is the cheapest quality name (~28x, net cash, 33% growth) but carries the Taiwan geopolitical tail. AVGO and AMD are Stretched — AVGO at ~51x EV/EBITDA with VMware-deal net debt, AMD at ~160x GAAP earnings on just 5%...

Best current readAMDdriver-continuation

AMD leads with RS 93, self-funding growth, and rev 34.3% / eps 164.7% — a durable pure-play semiconductor central to AI compute. Chosen over deeper-discount MU (reserved for memory) as the self-funding compute leader in an emerging-breadth theme.

Kill condition: RS drops below 80 or closes below the 50-DMA

27 drivers2 pullbacks4 watchlist14 broken excludedfull list in the Deep Dives tab

Leaders to inspect

TickerCapGQSetupWhy it mattersWatch item

DELL$284BGQ SF⚡ 50-EMA pullback · inside bar · 6.8% risk / RS 98 / +23% pivot / -21% highAI server demand drives revenue +38.8% and EPS +100.8%.Margins contracting on low-margin AI server mix; 8.3% op margin, 18.7% off high.

AEHR$2BGQ CBRS 97 / +55% pivot / -48% highRS 98 held as AI-processor burn-in orders emerge; margins expanding off trough.Revenue -26.4%, EPS -148.6%, -41% operating margin; cash-burning on EV/SiC slump.

MXL$2BGQ MRS 97 / +8% pivot / -55% highRevenue +29.7%, EPS +46.1% recovery with margins expanding on datacenter optical ramp.Still loss-making: -10.9% operating margin, negative ROIC; sits 31.7% below 52-week high.

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Recent leaders in pullback

TickerCapGQSetupWhy it mattersWatch item

TXN$196BGQ SFRS 73 / +10% pivot / -19% highRevenue reaccelerating at 13% as analog demand recovers off cyclical trough.Margins contracting and EPS up just 4.8%; thin 1.4% FCF yield.

SYNA$3BGQ MRS 74 / +15% pivot / -30% highRevenue reaccelerating (rev 13.4%) with expanding margins on edge-AI/IoT demand.Still unprofitable (op margin -0.05, eps -137.4%); -30.5% from high, RS fading 80→74.

Intact watchlist / exposed names

TickerCapGQSetupWhy it mattersWatch item

MPWR$66BGQ SFRS 70 / +14% pivot / -27% highRevenue up 26.4% with strong 0.266 op margin; self-funding growth into AI power demand.EPS down 65.4% and price -23.4% off high; near-zero FCF yield (0.01).

ADI$193BGQ SFRS 67 / +15% pivot / -21% highRev +29.8%, EPS +83.4%, 38% op margins expanding; self-funding growth.Down 12.8% from high, thin 2.4% FCF yield; cyclical analog demand.

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Transports / Freight & Logistics

EmergingPulling back⚡5 buyableImproving

21 breadth77 median RS46% RS>=8018% >50-DMA

What is driving it

A cyclical freight-cycle recovery, plus a rail-M&A premium in the rails. CSX is up 39.9% YTD and near its high, beating IYT on every timeframe — but part of that move is takeover speculation from the Western Class I merger wave, not pure freight fundamentals.

Why now

improving trend + RS distribution shifting up (rs80 ratio 0.90) intra-panel RS drift (no log history) Top RS drivers: ARCB · RS 91 · +14% to pivot, PBI · RS 90 · SF · +4% to pivot, JBHT · RS 87 · SF · +9% to pivot

Sustainability

Breadthdurability-leaning — broad participation, 15/18 qualifying names self-funding/profitable

DurabilityMedium. The cyclical leadership is durable while the freight recovery continues, but two of the three leaders (ODFL, JBHT) have paused below their 50-DMAs and converged with the ETF over the trailing month — constructive pullbacks that need to reclaim the 50-DMA to reconfirm. CSX's relative strength carries a merger premium that an STB block or deal collapse would unwind.

EconomicsStrong balance sheets, stretched multiples. CSX is healthy — record Q2 revenue +10%, 38% operating margin, investment-grade leverage — but rich at ~26x for a rail. ODFL has elite margins and net cash but ~40x P/E on flat revenue, and its Q2 EPS was flattered by an abnormal ~3% tax rate (normalized closer to $1.30 vs the reported $1.68). JBHT runs thin ~7% operating margins on...

Best current readPBIdriver-continuation

Top self-funding driver on the technicals: RS 90, just -5.9% from high, pivot 4.3%, eps +172.8%. Leads JBHT on RS, proximity to highs, and pivot distance; revenue -6.6% is the watch item.

Kill condition: RS percentile drops below 80, or next earnings shows continued revenue decline.

8 drivers3 pullbacks8 watchlist0 broken excludedfull list in the Deep Dives tab

Leaders to inspect

TickerCapGQSetupWhy it mattersWatch item

ARCBGQ -⚡ 50-EMA pullback · 4.4% risk / RS 91 / +14% pivot / -20% highRS 96 just -0.2% off 52-week high — top relative strength in freight group.Negative operating margin (-0.8%), contracting margins, cash-burning profile despite price strength.

PBI$2BGQ SF⚡ 21-EMA pullback · 2.5% risk / RS 90 / +4% pivot / -6% high / trendTurnaround economics: 172.8% EPS growth, 14.8% FCF yield, expanding 24.8% operating margins.Revenue declining 6.6% as core mail volumes shrink; gains depend on cost cuts.

JBHT$22BGQ SF⚡ 50-EMA+SMA pullback · doji · 2.1% risk / RS 87 / +9% pivot / -8% highEPS +10.4% on flat revenue; RS jumped 82 to 91 over three months.Revenue -0.7% with margins contracting — freight demand still muted.

KNX$10BGQ PRS 82 / +13% pivot / -14% high9.5% FCF yield with margins expanding off truckload-recession trough.EPS -44.6% and 1.4% operating margin show earnings still depressed by weak truckload rates.

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Recent leaders in pullback

TickerCapGQSetupWhy it mattersWatch item

XPO$25BGQ PRS 77 / +8% pivot / -14% highRS climbed 62 to 79; profitable with 0.081 op margin, positive FCF.EPS -18.3% with flat revenue (+1%); freight demand pressure, thin ROIC 0.015.

RXO$3BGQ CBRS 77 / +34% pivot / -25% highRevenue +26.2% and EPS +72.7% with margins expanding — strongest growth in group.Still cash-burning: operating margin, FCF yield and ROIC all marginally negative.

+1 more in the Deep Dives tab

Intact watchlist / exposed names

TickerCapGQSetupWhy it mattersWatch item

SNDR$5BGQ P⚡ 50-EMA pullback · 2.8% risk / RS 77 / +11% pivot / -10% highRS 90 with 7.3% revenue growth and expanding margins signal freight-cycle recovery.Thin 2.6% operating margin and -10.6% EPS show truckload pricing still pressured.

HUBG$2BGQ PRS 76 / +8% pivot / -10% high / trendTrades just above pivot after pullback; 4.2% FCF yield and profitability intact.Revenue down 5.8% with contracting margins; RS slipped to 76 from 81.

+6 more in the Deep Dives tab

Theme Picks

One name per theme — the single best expression of each theme right now, with the case for it and what would break it.

7 active leading/emerging4 watch-state6 only on repair2 no durable pick

ASNDWatchlist / exposed

LeadingBasing⚡10 buyableStableCandidate

Biotech Laggard-to-Leader (small/mid-cap)

$15BGQ SF⚡ 50-EMA pullback · 3.0% risk / RS 78 / +7% pivot / -11% high / trend

Breaks if: RS drops below 70 or closes below the 50-DMA

LLYDriver

LeadingExtended⚡1 buyableNew

GLP-1 / Obesity & Large-Cap Pharma

$888BGQ SFRS 88 / +3% pivot / -3% high / trend

Breaks if: RS drops below 80, closes below 50-DMA, or next earnings misses

LIVNDriver

LeadingBasing⚡5 buyableImproving

Selective Medtech / Device Breakouts

$3BGQ SF⚡ 8-EMA pullback · doji · 2.6% risk / RS 91 / +5% pivot / -4% high / trend

Breaks if: RS percentile drops below 80 or closes below the 50-DMA

UNHDriver

LeadingPulling back⚡2 buyableNew

Managed Care / Health-Plan Turn

$276BGQ SFRS 88 / +10% pivot / -9% high / trend

Breaks if: RS percentile drops below 80 or theme breadth turns deteriorating

MUDriver

LeadingPulling backNewCandidate

AI Memory / HBM Super-Cycle

$474BGQ SFRS 98 / +37% pivot / -41% high

Breaks if: RS drops below 80 or theme breadth turns deteriorating

AMDDriver

LeadingPulling back⚡1 buyableDeteriorating

AI Compute / Semiconductors

$400BGQ SFRS 93 / +31% pivot / -26% high

Breaks if: RS drops below 80 or closes below the 50-DMA

PBIDriver

EmergingPulling back⚡5 buyableImproving

Transports / Freight & Logistics

$2BGQ SF⚡ 21-EMA pullback · 2.5% risk / RS 90 / +4% pivot / -6% high / trend

Top self-funding driver on the technicals: RS 90, just -5.9% from high, pivot 4.3%, eps +172.8%. Leads JBHT on RS, proximity to highs, and pivot distance; revenue -6.6% is the watch item.

Breaks if: RS percentile drops below 80, or next earnings shows continued revenue decline.

RYDriver

Mixed / WatchBasing⚡2 buyableNew

Financials / Banks

$265BGQ SFRS 84 / +6% pivot / -6% high / trend

Highest-RS name (84) carrying self-funding growth quality, EPS +22.5% on positive revenue, only 5.5% off high with pivot 5.9% ahead. Higher-RS peers (MUFG/HSBC/SMFG) are mixed-GQ, so RY wins the sustainability tiebreaker as a durable leader.

Breaks if: RS drops below 80 or closes below the 50-DMA

PSMTDriver

Mixed / WatchBasing⚡2 buyableStable

Consumer Staples / Defensive Rotation

$5BGQ SF⚡ 8-EMA pullback · 3.4% risk / RS 90 / +3% pivot / -4% high / trend

Highest RS in the theme (90), only 3.6% off its high with a tight 3.3% pivot, and self-funding growth carried by 8.8% revenue. Leads on both leadership and sustainability versus profitable-but-flat TGT/KO.

Breaks if: RS percentile drops below 80 or closes below the 50-DMA

LITEDriver

Mixed / WatchPulling back⚡2 buyableNewCandidate

AI Networking / Optical Interconnect

$64BGQ SFRS 98 / +13% pivot / -44% high

LITE tops the theme at RS 98 with self-funding growth and the strongest fundamentals shown (rev 52.1%, eps 146.5%). In a mixed-breadth theme it is the durable optical leader, preferred over slower-growth CSCO.

Breaks if: RS drops below 80 or closes below the 50-DMA

APADriver

Mixed / WatchPulling back⚡9 buyableNew

Energy / Oil & Gas (E&P + Services)

$14BGQ SF⚡ 100-SMA pullback · reversal · 2.4% risk / RS 91 / +3% pivot / -20% high / trend

Highest-RS (91) driver that is also self-funding growth, only 2.7% from pivot with eps +76.1%, inside a durability-leaning emerging theme. Chosen over higher-RS CLMT/NESR on the sustainability tiebreaker (both mixed GQ).

Breaks if: RS percentile drops below 80, or closes below the 50-DMA.

FTNTOnly on repair

FadingBasing⚡2 buyableDeteriorating

Cybersecurity

$57BGQ SFRS 94 / +11% pivot / -10% high / trend

Highest RS in a breaking-down theme (94) with self-funding growth quality, rev +14.2% and positive EPS. Durable profile outranks mixed-GQ CRWD/PANW/NET on the sustainability tiebreaker; pullback of 10% leaves pivot 11.2% ahead.

Breaks if: Theme breadth turns deteriorating or closes below 50-DMA

VVXOnly on repair

FadingPulling back⚡4 buyableDeteriorating

Defense / Aerospace & Drones

$2BGQ SFRS 92 / -10% pivot / -6% high / trend

Theme's top RS leader (92) and self-funding/profitable, EPS +125.9%, just 6.0% off high. Small-cap ($2B) with most room to run; cleaner quality than cash-burning DCO or mixed RAL. Already extended past pivot, but leadership intact.

Breaks if: RS drops below 80 or closes below the 50-DMA

CGAUOnly on repair

Breaking DownPulling backNew

Gold & Precious Metals

$4BGQ SFRS 90 / +1% pivot / -19% high

Only qualifying name in a breaking-down theme, but it clears the bar itself: RS 90, self-funding growth, eps up sharply (base-effect figure excluded), and sitting just 0.6% from a pivot. No group confirmation, so this is a single-name call, not a theme call.

Breaks if: Closes below its pivot fails, or RS percentile drops below 80.

FIXOnly on repair

FadingPulling back⚡3 buyableDeterioratingCandidate

Industrials & Construction / AI-Infrastructure Capex

$56BGQ SFRS 83 / +10% pivot / -27% high

FIX leads with RS 83 and is self-funding (rev 29.5%, eps 97.8%) — the purest data-center construction fit among durable names. Top RS drivers XMTR and ENOV are cash-burning, so sustainability favors FIX despite it sitting 10.1% below pivot.

Breaks if: RS drops below 80 or closes below the 50-DMA

HPEOnly on repair

Breaking DownPulling backImprovingCandidate

Neocloud / AI Datacenter Operators (GPU-rental + servers)

$73BGQ SFRS 96 / +12% pivot / -31% high

HPE is the leading name (RS 96), $73B, with self-funding growth and 23.2% rev growth. Sustainability tiebreaker favors it over cash-burning NBIS despite NBIS's hotter growth. Closest to pivot (11.8%) among leaders.

Breaks if: RS percentile drops below 80 or closes below the 50-DMA.

NVTOnly on repair

Breaking DownPulling backStableCandidate

Data-Center Physical Buildout — Cooling & Electricals

$21BGQ SFRS 69 / +14% pivot / -28% high

NVT leads the bucket on RS (69), is the largest at $21B, and pairs strong rev (29.5%) and eps (118.4%) growth with self-funding quality. Never led but best-positioned to catch up when the deep -27.6% pullback resolves.

Breaks if: Loses the 50-DMA on a rally or RS percentile drops below 60.

No durable pickOnly on repair

FadingPulling backImproving

Copper — AI / Electrification

cap n/aGQ --

Theme is breaking down: breadth 8.2, zero names above the 50-DMA, all drivers 17-32% off highs. No leadership to ride; picking into a broken theme fails the durability tiebreaker.

Breaks if: Theme must repair before this is actionable.

No durable pickOnly on repair

Breaking DownPulling backStable

AI Power Generation / IPPs / Uranium & Nuclear

cap n/aGQ --

Theme breaking down: breadth 0, 0% above 50-DMA, no group confirmation. Sole name GEV has sub-median RS (52), sits 26.7% below pivot and -24.7% off high — a deep pullback lacking leadership, not an intact reentry.

Breaks if: Theme must repair before this is actionable.

Theme Deep Dives

Every name behind each theme — leaders, pullbacks, and watchlist — each with its setup, tailwind, and key risk.

How to read this: drivers are leading now; pullbacks led recently and are in a dip; watchlist names are exposed and intact but not yet leading. GQ means growth quality: SF self-funding, P profitable, M mixed, CB cash-burning.

Biotech Laggard-to-Leader (small/mid-cap)LeadingBasing⚡10 buyableStableCandidate108 drivers · 11 pullbacks · 13 watchlist · 2 broken excluded · ⚡10 setups▾

stock-layer pickASNDEvery RS 98-99 driver here is a sub-$1B cash-burner, so sustainability steers to ASND: self-funding growth (rev 97.4%, eps 39.8%), RS 78, only 10.7% off high and 6.6% from pivot...

Drivers - leading now

TickerCapGQSetupWhy it mattersWatch item

SLS$678MGQ CBRS 99 / +34% pivot / -36% highRS 98 (up from 90); strong relative-strength leadership within the laggard-to-leader theme.Sits 20.1% below pivot, still basing; cash-burning with ROIC -0.115.

CLYM$573MGQ CB⚡ 50-EMA+SMA pullback · inside bar · 4.9% risk / RS 99 / +19% pivot / -16% high / trendRS 98 and just -10.8% from high; approaching pivot (9.4%) on improving momentum.Cash-burning with deeply negative FCF yield -0.071 and ROIC -0.12.

FBRX$487MGQ CBRS 99 / +0% pivot / -0% high / trendStrongest momentum in group; RS 99, only 2.3% below 52-week high.Cash-burning with negative FCF yield and -39.6% ROIC; clinical binary risk.

ANL$349MGQ CBRS 99 / +12% pivot / -30% high / trendRS surged 6→99 with EPS up 51%; classic laggard-to-leader momentum reversal.Deeply unprofitable (operating margin −up sharply (base-effect figure excluded)), cash-burning; still −46.7% below...

STTK$331MGQ CB⚡ 10-EMA pullback · inside bar · 7.5% risk / RS 99 / +14% pivot / -17% high / trendRS surged 66 to 99, price -7.4% from high, 1.5% to pivot.Cash-burning: rev -82.5%, negative FCF yield -0.053, ROIC -0.159.

RVMD$19BGQ CB⚡ 21-EMA pullback · 2.7% risk / RS 98 / +8% pivot / -7% high / trendRS 98 leadership, -2% from 52w high, 2% to pivot on pipeline momentum.Pre-revenue, cash-burning with eps -66.2%; success hinges on trial readouts.

Pullbacks - recent leaders in a dip

TickerCapGQSetupWhy it mattersWatch item

RYTM$6BGQ CBRS 72 / +4% pivot / -13% highRev +45.8% with margins expanding off a small-cap base.Cash-burning, op margin -0.822; RS fading 84 to 72.

ACAD$4BGQ SFRS 70 / +1% pivot / -7% highSelf-funding growth: eps +68.4%, positive FCF yield 0.048.Margins contracting, thin ROIC 0.013; RS fading 80 to 72.

IDYA$3BGQ CBRS 77 / +6% pivot / -12% high / trendRevenue up sharply (base-effect figure excluded) and RS jumped 32 to 65; margins expanding.Cash-burning with -8.70 op margin and -0.09 ROIC; near pivot only.

BCRX$2BGQ SF⚡ 50-EMA pullback · 3.9% risk / RS 74 / +4% pivot / -15% high / trendExplosive growth with rev +94.1%, eps up sharply (base-effect figure excluded), op margin 0.64, ROIC 0.721; self-funding.Single-product reliance; RS 66 still mid-tier, -9.1% off highs, -1.2% to pivot.

AGIO$2BGQ CBRS 65 / +11% pivot / -24% highRev +48%, margins expanding as hemolytic-anemia franchise scales.Cash-burning: op margin -6.089, FCF yield -0.176, RS fading 92 to 79.

AVBP$1BGQ CBRS 73 / +10% pivot / -16% highStrong RS 77 with lead furmonertinib in Phase 3 NSCLC; only 10% below pivot.Cash-burning pre-revenue; FCF yield -0.114, ROIC -0.126, EPS -87%; binary trial risk.

BHVN$971MGQ CBRS 66 / +18% pivot / -28% highEps +25.9%, RS 75; pipeline progress supports laggard-to-leader setup.Cash-burning micro-cap; FCF yield -0.319, ROIC -0.425, mcap $971M.

Watchlist - exposed and intact

TickerCapGQSetupWhy it mattersWatch item

ABVX$8BGQ M⚡ 50-SMA pullback · 3.0% risk / RS 76 / +17% pivot / -20% highRS surged 67 to 99 on trial-driven momentum; rev +19.2%.Below pivot (-21.6%), EPS growth just +2.9%; clinical-stage binary risk.

PTCT$6BGQ CBRS 76 / +8% pivot / -18% highExplosive 114.5% revenue and 263.6% EPS growth with margins expanding off a low base.Still cash-burning: -49.6% op margin, negative -3.8% FCF yield and -3.5% ROIC.

ARGX$49BGQ SF⚡ 50-EMA+SMA pullback · reversal · 3.1% risk / RS 74 / +6% pivot / -8% highVyvgart ramp drives revenue +108.5%, EPS up sharply (base-effect figure excluded); now profitable (op margin 0.274), self-funding.Near 52w high (-5.4%), momentum cooling (RS 81 to 78); rich expectations, FcRn franchise concentration.

AUPH$2BGQ SFRS 73 / +4% pivot / -21% highSelf-funding, margins expanding, op margin 0.431, FCF yield 0.076; RS surged 37 to 78.Single-product concentration; -18.9% from high, far 23.3% below pivot.

BMRN$10BGQ SFRS 69 / -1% pivot / -7% highRevenue +12.9%, self-funding with positive FCF yield 0.065, near pivot (1.5%).EPS -18.2% with margins contracting and lagging RS of 54.

GERN$1BGQ CBRS 69 / +9% pivot / -30% highRevenue up 138.8% and RS surging 21 to 68 as launch accelerates.Cash-burning: op margin -0.225, FCF yield -0.133; funding risk remains.

VIR$2BGQ CBRS 67 / +11% pivot / -26% highRS re-rated 24 to 70 off deep laggard base; hepatitis and oncology pipeline optionality.Revenue declining -7.6%, cash-burning (op margin -0.571, FCF yield -0.375); -27% from 52w high.

PCVX$9BGQ CBRS 65 / +11% pivot / -18% highRS surged 25 to 64; pipeline momentum, 7.9% to pivot.Cash-burning: eps -44.4%, FCF yield -0.115, ROIC -0.096; -24.1% off high.

SRRK$6BGQ CBRS 60 / +19% pivot / -16% highMargins flat but pipeline positions it within emerging biotech theme.RS slipping 68 to 60; cash-burning, ROIC -0.259, eps -30.6%.

INVA$2BGQ SFRS 57 / +4% pivot / -14% highEPS up sharply (base-effect figure excluded), rev +14.5%, op margin 0.33, positive FCF 0.09; self-funding, near highs (-6.3%).Margins contracting, low ROIC 0.021; royalty/patent-cliff dependence on partnered drugs.

HRMY$2BGQ SFRS 56 / +8% pivot / -12% highWakix franchise driving 21.5% revenue growth; self-funding with 15.8% FCF yield.Margins contracting and ROIC just 1.9%; RS faded 83 to 62 on concentration.

GLP-1 / Obesity & Large-Cap PharmaLeadingExtended⚡1 buyableNew8 drivers · 2 pullbacks · 2 watchlist · 1 broken excluded · ⚡1 setup▾

stock-layer pickLLYLLY is the core obesity/GLP-1 name, leading at RS 88 with the strongest growth in the theme (rev 44.7%, eps 96.0%), self-funding, just 3.2% off its high and 3.3% from pivot in a...

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LLY$888BGQ SFRS 88 / +3% pivot / -3% high / trendRevenue up 44.7% and EPS up 96% on surging GLP-1 demand.Low FCF yield (1.3%) signals rich valuation amid intensifying GLP-1 competition.

JNJ$575BGQ SFRS 86 / +4% pivot / -3% high / trendSharp RS recovery (42 to 77) with revenue up 6% and EPS up 90.8%.Pulled back 5.8% from highs; low ROIC (3.6%) and ongoing talc litigation overhang.

OGN$2BGQ MRS 82 / +0% pivot / -0% high / trendStrong relative strength (RS 91), trading just 0.6% below its 52-week high.EPS down 78.7% with revenue falling 2.9% and contracting operating margins.

BMY$119BGQ SFRS 81 / +3% pivot / -3% highHighest FCF yield in group (0.103) with EPS up 178%; RS climbed 34 to 59.Revenue flat (-0.2%) with ROIC just 0.015; patent-cliff exposure pressures legacy franchises.

BIIB$25BGQ MRS 81 / +3% pivot / -5% high / trendHigh FCF yield (9%) with improving relative strength (62 to 73) and expanding margins.EPS down 21.1% with negative operating margin (-2.5%) amid legacy MS franchise erosion.

WST$18BGQ P⚡ 50-EMA+SMA pullback · reclaim bar · 1.8% risk / RS 80 / +14% pivot / -13% high / trendRevenue growing 6.3% with expanding margins as GLP-1 injectables lift demand for delivery components.Sluggish EPS growth of 1.6% and low ROIC of 3.4%.

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Selective Medtech / Device BreakoutsLeadingBasing⚡5 buyableImproving8 drivers · 2 pullbacks · 5 watchlist · 0 broken excluded · ⚡5 setups▾

stock-layer pickLIVNLIVN leads (RS 91), sits just -4.5% off its high with a tight 4.7% pivot, and carries self-funding growth quality on 10.7% revenue. Cleaner durability than higher-RS but...

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GKOS$7BGQ CBRS 92 / +3% pivot / -3% high / trend32.3% revenue growth with margins expanding toward breakeven.RS faded 82 to 71 in a 14.7% pullback; still cash-burning (-12.9% operating margin).

BRKR$6BGQ P⚡ 8-EMA pullback · 3.8% risk / RS 92 / +2% pivot / -4% high / trendProfitable (operating margin 7.8%) with expanding margins across life-science analytical tools.Revenue nearly flat (2.1%) and EPS down 120%; RS slipping from 93 to 89.

LIVN$3BGQ SF⚡ 8-EMA pullback · doji · 2.6% risk / RS 91 / +5% pivot / -4% high / trendSelf-funding 10.7% revenue growth (3.8% FCF yield), only 0.8% below its 52-week high.Reported EPS collapsed (deeply negative (base-effect figure excluded)) and operating margins are contracting.

CNMD$1BGQ MRS 81 / +5% pivot / -23% highStrong RS 81 near pivot (4.9% away), margins expanding on surgical-volume recovery.Distorted/negative earnings (eps deeply negative (base-effect figure excluded)), thin op margin 0.098, -23.4% from high.

BIO$8BGQ SFRS 80 / -5% pivot / -5% highEPS rebounding 142.9% with a 4.4% FCF yield; RS improved 69 to 77.Near-flat 0.7% revenue growth with contracting margins; ROIC just 0.5%.

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DXCM$25BGQ SFRS 69 / +5% pivot / -16% high / trendEPS up 46.2% with expanding margins and self-funding growth.RS collapsed to 42 from 77; sits 21.7% below 52w high.

UFPT$2BGQ SFRS 69 / +10% pivot / -9% high / trendRevenue up 19.5%, eps 15.4%, self-funding with positive FCF yield 0.038.RS slipped to 60 from 70; thin ROIC 0.032; 15% off high.

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AHCO$2BGQ PRS 60 / +8% pivot / -20% highMargins expanding with strong 13.8% FCF yield; RS improving (24 to 40) near pivot.EPS deeply negative (-186.7%) and -23.4% off highs; low 1.5% ROIC.

ALGN$12BGQ PRS 56 / +2% pivot / -14% highSetting up 1% below pivot with RS improving (60 vs 54) and 5.4% FCF yield.Near-flat 0.9% revenue and EPS growth with low 2.8% ROIC signal demand stagnation.

EW$45BGQ SFRS 52 / +4% pivot / -11% high11.2% revenue growth with expanding margins; only 2.2% below its 52-week high.Reported EPS fell 73.7%; RS 67 trails the theme's strongest leaders.

Managed Care / Health-Plan TurnLeadingPulling back⚡2 buyableNew6 drivers · 0 pullbacks · 2 watchlist · 0 broken excluded · ⚡2 setups▾

stock-layer pickUNHUNH is the bellwether health plan, leading again (RS 88) at self-funding growth quality on 11.8% revenue, -8.9% off high. Durability edge over hotter but mixed-GQ OSCR/CNC/HUM...

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CVS$101BGQ PRS 89 / +4% pivot / -4% high / trend6% FCF yield and steady RS 83, sitting 1.4% below pivot as group recovers.EPS fell 62.3% with margins contracting on a thin 2% operating margin.

UNH$276BGQ SFRS 88 / +10% pivot / -9% high / trendAt its 52-week high with 11.8% revenue growth and 5.2% FCF yield.EPS down 14.9% with operating margin compressed to 0.3% amid contracting margins.

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MOH$8BGQ MRS 51 / +17% pivot / -19% highRevenue still growing 11.7%; sits within 1.2% of pivot after deep pullback.EPS down 58% with negative operating margin; stock 34.8% below 52-week high.

AI Memory / HBM Super-CycleLeadingPulling backNewCandidate8 drivers · 0 pullbacks · 0 watchlist · 1 broken excluded▾

stock-layer pickMUMU is the purest HBM beneficiary: RS 98, self-funding growth, and the strongest fundamentals in the panel (rev 85.5%, eps up sharply (base-effect figure excluded)) inside a...

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STX$110BGQ SFRS 98 / +22% pivot / -33% high25.2% revenue growth with expanding margins and 11.9% ROIC on AI storage demand.Cyclical HDD pricing exposure; shares sit 12.5% below their 52-week high.

TER$58BGQ SFRS 94 / +16% pivot / -34% highHBM test demand momentum: RS jumped 82 to 95 on 13.1% revenue growth.EPS growth of just 4.6% lags revenue; flat margins limit earnings leverage.

KLIC$4BGQ PRS 86 / +13% pivot / -39% highRS 95 with margins expanding as HBM-driven advanced-packaging tool demand builds.Revenue still down 1.9% and EPS collapsed (deeply negative (base-effect figure excluded)); recovery not yet in results.

LRCX$329BGQ SFRS 80 / +10% pivot / -42% highMemory-capex upcycle: 26.8% revenue and 48.3% EPS growth, RS 96 near highs.Operating margins flat despite growth; memory-capex cyclicality and China export-control exposure.

AI Compute / SemiconductorsLeadingPulling back⚡1 buyableDeteriorating27 drivers · 2 pullbacks · 4 watchlist · 14 broken excluded · ⚡1 setup▾

stock-layer pickAMDAMD leads with RS 93, self-funding growth, and rev 34.3% / eps 164.7% — a durable pure-play semiconductor central to AI compute. Chosen over deeper-discount MU (reserved for...

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INTC$312BGQ MRS 96 / +16% pivot / -42% highEPS +98.2% with margins expanding; RS 97 reflects turnaround momentum.Negative FCF yield and ROIC; revenue -0.5% — recovery not yet self-funding.

TSEM$23BGQ PRS 96 / +13% pivot / -41% highRS 98 and op margin 0.161 expanding; rev +9.1% on specialty-analog demand.Thin 0.01 FCF yield and low 0.023 ROIC; capital-intensive foundry economics.

TER$58BGQ SFRS 94 / +16% pivot / -34% highHBM test demand momentum: RS jumped 82 to 95 on 13.1% revenue growth.EPS growth of just 4.6% lags revenue; flat margins limit earnings leverage.

ICHR$2BGQ CBRS 94 / +58% pivot / -45% highWFE recovery lifts demand; RS 98 and rev +11.6% show momentum re-accelerating.Unprofitable: op margin -6.2%, EPS -136.9%, negative FCF and ROIC; thin-margin subsystem cyclicality.

AMD$400BGQ SFRS 93 / +31% pivot / -26% highAI accelerator demand drives rev +34.3%, eps +164.7%, RS 97, margins expanding.Thin FCF yield 0.01 and ROIC 0.02; intense Nvidia competition, -9.2% off high.

ASX$54BGQ MRS 93 / +31% pivot / -32% highAI advanced-packaging demand lifting results; eps +24.6%, RS 97, margins expanding.Deeply negative FCF yield (-2.345), thin 9.9% op margin and 2.1% ROIC.

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TXN$196BGQ SFRS 73 / +10% pivot / -19% highRevenue reaccelerating at 13% as analog demand recovers off cyclical trough.Margins contracting and EPS up just 4.8%; thin 1.4% FCF yield.

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MPWR$66BGQ SFRS 70 / +14% pivot / -27% highRevenue up 26.4% with strong 0.266 op margin; self-funding growth into AI power demand.EPS down 65.4% and price -23.4% off high; near-zero FCF yield (0.01).

ADI$193BGQ SFRS 67 / +15% pivot / -21% highRev +29.8%, EPS +83.4%, 38% op margins expanding; self-funding growth.Down 12.8% from high, thin 2.4% FCF yield; cyclical analog demand.

AVGO$1.8TGQ SFRS 63 / +8% pivot / -25% highAI demand drives 36.3% revenue and 80.1% EPS growth at 45% operating margins.Shares 20.8% off highs; RS slipped 75 to 70 as margins contract.

TSM$1.9TGQ SFRS 60 / +17% pivot / -22% highRevenue up 31.9%, EPS 48.7%, 53.9% operating margin expanding on AI demand.Taiwan geopolitical concentration and cyclicality; 16.8% off highs despite scale.

Transports / Freight & LogisticsEmergingPulling back⚡5 buyableImproving8 drivers · 3 pullbacks · 8 watchlist · 0 broken excluded · ⚡5 setups▾

stock-layer pickPBITop self-funding driver on the technicals: RS 90, just -5.9% from high, pivot 4.3%, eps +172.8%. Leads JBHT on RS, proximity to highs, and pivot distance; revenue -6.6% is the...

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FDX$89BGQ SFRS 80 / +4% pivot / -11% highCost restructuring drives 16.8% EPS growth and expanding margins; RS surged 30 to 64.Still 19.8% below 52-week high; thin 5.6% operating margin and 1.4% ROIC.

ODFL$44BGQ P⚡ 50-EMA+SMA pullback · reclaim bar · 1.8% risk / RS 80 / +6% pivot / -12% highBest-in-class 23.3% operating margin endures freight recession; RS firmed 87 to 90.Revenue -5.5%, EPS -11.9%, margins contracting on soft LTL tonnage.

EXPD$19BGQ PRS 80 / +8% pivot / -7% high / trendWithin 0.5% of 52-week high; 4.4% revenue growth with steady profitability.Modest 3.8% EPS growth and flat margins; freight-rate normalization caps forwarding yields.

TFII$10BGQ PRS 80 / +12% pivot / -16% high5.5% FCF yield and revenue +3% support continued acquisition-led growth.EPS -17.4% despite revenue growth; thin 6.6% operating margin in weak freight market.

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XPO$25BGQ PRS 77 / +8% pivot / -14% highRS climbed 62 to 79; profitable with 0.081 op margin, positive FCF.EPS -18.3% with flat revenue (+1%); freight demand pressure, thin ROIC 0.015.

MRTN$1BGQ CBRS 58 / +20% pivot / -19% highStrong RS 89 and price near 52-week high, just 4.5% below pivot.Freight recession: rev -8.3%, eps -35.6%, negative op margin and cash-burning.

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HUBG$2BGQ PRS 76 / +8% pivot / -10% high / trendTrades just above pivot after pullback; 4.2% FCF yield and profitability intact.Revenue down 5.8% with contracting margins; RS slipped to 76 from 81.

CHRW$19BGQ SFRS 71 / +21% pivot / -17% highEPS up 25.5%, self-funding; RS surged 66 to 86, 2.5% from pivot.Revenue down 8.4%; thin 0.046 op margin in soft freight-rate environment.

ZTO$18BGQ SFRS 68 / +2% pivot / -9% highSelf-funding: 13.2% FCF yield supports 13.3% revenue growth; RS recovering from 32 to 40.Parcel price competition compresses profits: EPS up only 0.4% despite double-digit revenue; margins contracting.

SAIA$11BGQ PRS 60 / +16% pivot / -20% highRS 79, profitable with 0.081 op margin and margins expanding.EPS -29.5% on flat revenue (+0.8%); -13.9% off high, RS cooling from 85.

LSTR$6BGQ PRS 59 / +21% pivot / -22% highRS 91 within 2.2% of 52-week high; asset-light model stays profitable through downturn.EPS -40% on revenue -1.7%; weak truckload pricing compresses earnings.

UPS$86BGQ PRS 59 / +13% pivot / -13% highOperating margin expanding to 11.2% as cost actions take hold; RS improving (64 to 68).Revenue down 2.4% on soft parcel volumes, including planned Amazon volume glide-down.

WERN$2BGQ MRS 54 / +30% pivot / -23% highRS 90 reflects positioning for a truckload-cycle upturn despite depressed earnings.EPS down 143.7% with 1.2% operating margin and negative FCF; fundamentals still deteriorating.

Financials / BanksMixed / WatchBasing⚡2 buyableNew10 drivers · 5 pullbacks · 5 watchlist · 1 broken excluded · ⚡2 setups▾

stock-layer pickRYHighest-RS name (84) carrying self-funding growth quality, EPS +22.5% on positive revenue, only 5.5% off high with pivot 5.9% ahead. Higher-RS peers (MUFG/HSBC/SMFG) are...

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MUFG$219BGQ MRS 88 / +6% pivot / -6% high / trendEPS +34.8% with 23.4% operating margin as Japanese rates normalize; RS up 75 to 80.FCF yield 0 and mixed growth-quality flag cloud cash conversion behind reported earnings.

HSBC$310BGQ MRS 87 / +2% pivot / -2% high / trendRS up 64 to 78 in three months with margins expanding amid bank leadership.Revenue down 11.2% and EPS down 2.5%; rally rests on rerating, not growth.

SMFG$81BGQ MRS 87 / +6% pivot / -6% high / trendRevenue +104.8% and EPS +85.7% with 23.9% operating margin as Japanese rates rise.FCF yield 0 with mixed growth-quality; outsized revenue comparison unlikely to repeat.

RY$265BGQ SFRS 84 / +6% pivot / -6% high / trendEPS +22.5%, 20.7% FCF yield, expanding margins; sits 0.3% from a fresh pivot.Topline growth only 2.1%; earnings momentum leans on continued margin expansion.

BBVA$131BGQ PRS 84 / +4% pivot / -4% high / trendRS jumping 57 to 72 with 40% operating margin; profitable, margins expanding.14% off its 52-week high, deepest pullback here, with modest 5.4% EPS growth.

BMO$102BGQ SFRS 84 / +3% pivot / -5% high / trendEPS +12.6% with expanding margins, 9.4% FCF yield; RS improved 76 to 83.Revenue -4% contraction leaves earnings growth dependent on margin expansion, not topline.

CM$101BGQ SFRS 84 / +5% pivot / -5% high / trendEPS +26.8% on expanding margins; RS jumped from 71 to 80 in three months.Revenue -3.3%; price 5.4% off highs and 5.7% below pivot, weakest setup in group.

TD$192BGQ P⚡ 50-EMA+SMA pullback · 1.1% risk / RS 82 / +3% pivot / -6% highRS 84 and rising, 0.7% off 52-week high; margins expanding with 9.3% FCF yield.Revenue -5.6% and EPS -12.1% both contracting despite the expanding margins.

BAC$377BGQ SFRS 80 / +3% pivot / -3% high / trendEPS up 18.6% with expanding margins and 13.8% FCF yield; within 0.4% of pivot.Revenue slightly negative (-0.5%) and RS slipping to 68 from 72; earnings-driven, not top-line.

BNS$99BGQ MRS 80 / +5% pivot / -5% high / trendEPS up 51.4% with expanding margins; sits 0.6% from its 52-week high.Revenue down 6.1% and slightly negative FCF yield; EPS surge outruns the top line.

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JPM$836BGQ PRS 73 / +4% pivot / -4% high / trend16.1% FCF yield and 3.5% revenue growth; sits only 1.2% below pivot.Margins contracting with EPS growth of just 1.4%; RS fading to 62 from 66.

SAN$179BGQ M⚡ 50-EMA pullback · 2.6% risk / RS 75 / +5% pivot / -7% high / trendEPS up 15.6% with expanding margins; RS firming 66 to 75.Revenue down 6.2% with negative FCF yield (-6.4%); growth leans on cost leverage.

UBS$131BGQ SFRS 79 / +2% pivot / -6% high / trendEPS +48.4% with margins expanding as Credit Suisse integration synergies come through.Revenue -17.7%, thin 9.2% operating margin; RS slipped from 82 to 80.

ING$83BGQ MRS 78 / +3% pivot / -3% high / trendRS firming to 68 from 65 with a high 36.1% operating margin.EPS down 9.9% with contracting margins; still 7.3% below pivot.

NTB$2BGQ SFRS 79 / +2% pivot / -2% high / trendEPS up 15.4% with 10.4% FCF yield; self-funding and holding above pivot.Revenue shrinking 2% and RS flat at 75 to 76; $2B size limits liquidity.

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EWBC$16BGQ SFRS 72 / +5% pivot / -4% high / trendSelf-funding growth: EPS up 14.3%, 42% operating margin, 8.7% FCF yield, near highs.RS slipping 81 to 78 while peers accelerate; revenue growth a modest 4.6%.

NWG$33BGQ MRS 71 / +4% pivot / -5% high / trendEPS up 8.5% with expanding margins; sits 1.2% below pivot.Still 13.5% below its 52-week high with RS soft at 60 (from 62).

GS$269BGQ MRS 70 / +11% pivot / -15% highCapital-markets rebound lifts EPS 26.6% with margins expanding; RS 85, only 6% off high.Revenue declining 1.8%; EPS growth driven by margin expansion rather than top-line growth.

BCS$82BGQ CBRS 68 / +10% pivot / -9% highRevenue up 11.8% and EPS up 21.4%, the strongest top-line growth in group.Margins contracting with negative reported operating margin; flagged cash-burning, 11.2% off highs.

C$218BGQ MRS 65 / +6% pivot / -14% highRestructuring payoff: EPS +17.1%, RS 85, trading within 1% of 52-week high.Revenue down 1.4% with margins contracting; earnings growth not yet revenue-driven.

Consumer Staples / Defensive RotationMixed / WatchBasing⚡2 buyableStable5 drivers · 1 pullbacks · 3 watchlist · 2 broken excluded · ⚡2 setups▾

stock-layer pickPSMTHighest RS in the theme (90), only 3.6% off its high with a tight 3.3% pivot, and self-funding growth carried by 8.8% revenue. Leads on both leadership and sustainability versus...

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PSMT$5BGQ SF⚡ 8-EMA pullback · 3.4% risk / RS 90 / +3% pivot / -4% high / trend8.8% revenue growth with expanding margins; RS rising to 86, 3.8% from pivot.Thin 5.1% operating margin and 1.6% FCF yield; Latin American currency exposure.

TGT$57BGQ PRS 89 / -2% pivot / -1% high / trendRS jumped 64 to 79 with margins expanding and 7.2% FCF yield.Revenue shrinking (-0.4%) and EPS down 16.8%; turnaround lacks top-line growth.

KO$333BGQ SFRS 82 / -4% pivot / -2% high / trendEPS up 23.1%; RS improving to 66 as defensive rotation lifts staples; near highs.Revenue growth just 1.9% and margins contracting; low-growth profile despite EPS rebound.

FIVE$11BGQ SFRS 82 / +3% pivot / -17% high25.9% revenue and 66% EPS growth; RS rebuilt from 25 to 61.Still 24.2% below 52-week high with contracting margins and 2.7% ROIC.

PM$250BGQ SFRS 80 / +5% pivot / -4% high / trendSmoke-free mix shift drives 60.8% EPS growth on 7.3% revenue, self-funding.Margins contracting despite the EPS surge; RS slipped from 66 to 60.

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DLTR$23BGQ SFRS 77 / +3% pivot / -9% high / trendEPS up 146.2% with expanding margins and 6.4% FCF yield; defensive trade-down demand supports it.Revenue down 19.7% post-Family Dollar divestiture; ROIC just 3.1% signals weak capital efficiency.

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TBBB$4BGQ CB⚡ 50-EMA+SMA pullback · inside bar · 3.2% risk / RS 78 / +5% pivot / -10% high35% revenue growth from rapid store expansion; 0.5% from pivot, RS 80 rising.Cash-burning with negative -1.3% operating margin; expansion not yet profitable.

DG$23BGQ SFRS 71 / +2% pivot / -19% highStrong 10.6% FCF yield with eps +34.9% and expanding margins.Weak, fading RS 54; -22% off highs, low 1.8% ROIC, thin margins.

COST$424BGQ SFRS 57 / +2% pivot / -11% highConsistent 9.2% revenue and 12.8% EPS growth from self-funding membership model.RS stuck at 41, 13.2% below pivot; 2% FCF yield offers thin support.

AI Networking / Optical InterconnectMixed / WatchPulling back⚡2 buyableNewCandidate5 drivers · 0 pullbacks · 1 watchlist · 2 broken excluded · ⚡2 setups▾

stock-layer pickLITELITE tops the theme at RS 98 with self-funding growth and the strongest fundamentals shown (rev 52.1%, eps 146.5%). In a mixed-breadth theme it is the durable optical leader...

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LITE$64BGQ SFRS 98 / +13% pivot / -44% highRevenue +52.1%, EPS +146.5% on AI transceiver demand; RS surged 82 to 98.Still 24.3% below its 52-week high; operating margin thin at 9.7%.

CIENGQ -RS 94 / +8% pivot / -48% highEPS up sharply (base-effect figure excluded) on 30.6% revenue growth as cloud/AI interconnect orders expand margins.Deep correction: 31.1% below 52-week high and 45.1% from pivot.

VIAV$10BGQ SFRS 93 / +13% pivot / -47% highRevenue +23.5% with RS 96 as AI/optical network buildouts lift test demand.EPS down 5.7% with margins contracting — growth is not reaching the bottom line.

EXTR$2BGQ SF⚡ 50-EMA+SMA pullback · 3.5% risk / RS 92 / +7% pivot / -14% highEPS up 107.1% on 20% revenue growth with expanding margins; only 5% to pivot.Thin 4.1% operating margin and 1.6% ROIC; RS eased from 96 to 92.

CSCO$325BGQ SF⚡ 50-EMA pullback · 1.7% risk / RS 89 / +8% pivot / -14% highAI infrastructure orders lift EPS 21% with margins expanding; RS 92, 8.3% to pivot.Mature legacy base: 9% revenue growth and 3.5% ROIC trail AI-networking pure plays.

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ANET$186BGQ SFRS 60 / +14% pivot / -17% high28.6% revenue growth on AI back-end network buildouts; RS improved from 69 to 82.Margins contracting despite 41.5% operating margin; 15.4% off high with hyperscaler customer concentration.

Energy / Oil & Gas (E&P + Services)Mixed / WatchPulling back⚡9 buyableNew19 drivers · 8 pullbacks · 17 watchlist · 1 broken excluded · ⚡9 setups▾

stock-layer pickAPAHighest-RS (91) driver that is also self-funding growth, only 2.7% from pivot with eps +76.1%, inside a durability-leaning emerging theme. Chosen over higher-RS CLMT/NESR on the...

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CLMT$3BGQ M⚡ 10-EMA pullback · 3.3% risk / RS 97 / +7% pivot / -6% high / trendEPS up 85.2% with RS 92 momentum and 2.9% FCF yield.Operating margin negative (-6.1%), revenue down 1.2%, ROIC negative.

NESR$2BGQ MRS 95 / +20% pivot / -20% highRS 95 (from 78) leadership, 5.9% from pivot, on resilient MENA activity.EPS down 34.2% on 1.7% revenue growth; thin 7.7% operating margin.

OII$4BGQ P⚡ 8-EMA pullback · 4.1% risk / RS 94 / +16% pivot / -14% high / trendStrongest relative strength in group, RS 86 up from 76, near 52w high.Margins contracting at thin 9.8% op margin; modest 4.6% revenue growth and 3.4% ROIC.

APA$14BGQ SF⚡ 100-SMA pullback · reversal · 2.4% risk / RS 91 / +3% pivot / -20% high / trendStrong 0.12 FCF yield, eps +76.1%, expanding margins, self-funding; RS 73 (from 35).Rev -8.4% and low ROIC 0.026; -23.9% below 52w high.

FTI$30BGQ M⚡ 50-EMA pullback · 3.1% risk / RS 89 / +9% pivot / -8% high / trendOffshore subsea upcycle: revenue +9.1%, EPS +16.8%, RS surged 67 to 88.Operating margin negative (-4.4%) and contracting, undercutting the growth profile.

PR$15BGQ PRS 89 / +6% pivot / -8% high / trendSharp RS recovery to 73 from 47; solid 23.1% operating margin on a pullback setup.EPS down -12.5%, margins contracting, low 2.3% FCF yield and 1.5% ROIC.

OVV$16BGQ SFRS 88 / +5% pivot / -5% high / trendOutsized 26% FCF yield with EPS up 13.8%; RS 77.Revenue down 4% with contracting margins; ROIC low at 2.2%.

SM$3BGQ MRS 88 / +8% pivot / -12% high / trendRev +18.1%, RS 87, just 0.4% to pivot.Eps -15.3%, negative FCF yield -0.063, margins contracting.

EFXT$3BGQ SFRS 88 / +16% pivot / -28% highEPS up 188.2% with 6.4% FCF yield; self-funding amid gas-infrastructure demand.Margins contracting on 0.8% revenue growth; ROIC just 3.4%.

MUR$6BGQ MRS 87 / +4% pivot / -11% high / trendOperating margin expanding; RS improving 61 to 68, near pivot (11.6% away).Revenue down 9.9%, EPS down 73.3%; commodity-price weakness pressuring earnings sharply.

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COP$150BGQ P⚡ 100-SMA pullback · doji · 1.6% risk / RS 75 / +4% pivot / -13% high / trendFCF yield 12.7% with revenue +7.5%; RS improving 46 to 72.EPS -18.7% with margins contracting; 14% below the 52-week high.

OXY$57BGQ P⚡ 100-SMA pullback · 2.6% risk / RS 79 / +5% pivot / -17% high / trendRS improved from 54 to 76 with a 6.4% FCF yield.EPS down 34.2%, margins contracting, ROIC near zero at 0.3%.

TS$32BGQ PRS 75 / +5% pivot / -14% highStrong RS 82 (from 66) and 0.058 FCF yield; near 52w high, -4.6%.Rev -4.4%, flat eps +1.1%, contracting margins and low ROIC 0.024.

AROC$6BGQ SFRS 69 / +13% pivot / -17% highSelf-funding growth: 28.7% revenue, 76% EPS growth, strong 43.2% op margin, RS up to 76.Margins contracting; modest 3.9% FCF yield and 3.1% ROIC on a -10% pullback.

LB$5BGQ CBRS 74 / +6% pivot / -12% high / trendRevenue +81.1%, EPS +142%, margins expanding rapidly off a fast-growing base.Still cash-burning with op margin -60.8%; weakest RS 38, -22.8% off high.

KGS$5BGQ SFRS 70 / +11% pivot / -29% highEPS +50.1% on 30.3% op margins; self-funding growth with RS rising 78 to 89.ROIC only 1.7% — heavy capital intensity despite strong margins.

CRGY$4BGQ SFRS 71 / +6% pivot / -23% high / trendRevenue up 22.1%, EPS up 176.3% with 8.2% FCF yield from acquired production.Thin 5.8% operating margin, 0.4% ROIC, contracting margins; 19.9% below 52-week high.

MNR$2BGQ SFRS 63 / +2% pivot / -11% high / trendRevenue +16.9% and self-funding growth; positive 5.5% FCF yield, near pivot.EPS down -42.6% with margins contracting; weak RS 51 and -10.6% off high.

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HLX$1BGQ PRS 75 / +11% pivot / -16% highStrong FCF yield 12.5% and rising RS (76 from 31); margins expanding.Revenue down 4.9%, EPS down 40.9%, and thin ROIC 0.005.

TDW$4BGQ SF⚡ 50-EMA pullback · 4.0% risk / RS 75 / +9% pivot / -22% highMargins expanding with 96.6% EPS growth, strong 7.7% FCF yield, RS surged to 69.Deep -20.3% drawdown from 52w high; flat 0.5% revenue growth, modest 3.2% ROIC.

NOV$7BGQ PRS 72 / +11% pivot / -12% highExpanding margins and FCF yield 0.1; RS improved 63 to 70, near pivot.eps -76.4%, rev -1.4%, ROIC -0.022; thin op margin 0.071 signals weak profitability.

VET$2BGQ MRS 72 / +7% pivot / -27% high17.7% FCF yield, highest in group, with RS recovering from 38 to 70.EPS down up sharply (base-effect figure excluded) and operating margin negative; price still 25% below 52-week high.

VIST$7BGQ CBRS 72 / +7% pivot / -19% highRev +50.6% and EPS +41.7% on rising Vaca Muerta production.Negative FCF yield -0.127, cash-burning capex; down 23% from high.

DVN$30BGQ P⚡ 50-EMA pullback · 2.4% risk / RS 71 / +4% pivot / -16% high / trendRS improved 40 to 65 over three months with 9.8% FCF yield backing the move.EPS down 8.8% with contracting margins; still 16.4% below 52-week high.

INVX$2BGQ SF⚡ 50-EMA reclaim · 3.8% risk / RS 71 / +8% pivot / -20% highRev +48% self-funding growth; RS rose 62 to 69; FCF yield 0.078.eps -58.9% with margins contracting; -17.1% from high, 10.9% to pivot; low ROIC 0.014.

BSM$3BGQ SFRS 69 / +2% pivot / -5% highVery high 53.9% op margin, EPS +11.4%, positive 7.6% FCF yield; near pivot.Revenue down -10.1% and weak RS 42; lowest relative strength in theme.

SLB$78BGQ PRS 69 / +9% pivot / -17% highRS 77 and 0.059 FCF yield; near pivot at 8.2%, only -8.7% off high.Rev -1.6%, eps -24.4%, thin op margin 0.15 and low ROIC 0.03.

VTOL$1BGQ SFRS 67 / +4% pivot / -11% highEPS up 34.6% on offshore energy activity; RS improved from 37 to 70.Margins contracting (8.5% operating) with slow 4.2% revenue growth tied to offshore spending cycles.

BKRGQ -RS 66 / +7% pivot / -17% highRS surged sharply (22 to 61) as energy theme emerges; momentum re-rating.-19.7% below 52w high and 14% under pivot; fundamentals not provided.

RRC$10BGQ SFRS 64 / +0% pivot / -17% highStrong eps growth 149% with self-funding model, 0.138 FCF yield and expanding margins.Weak RS 38 and low ROIC 0.026; sits 19% below 52-week high.

DMLP$1BGQ PRS 62 / +4% pivot / -7% high / trendHigh 38.7% op margin and positive 9.4% FCF yield; near 52w high, 3.8% to pivot.EPS down -44.7%, revenue -5.4%, margins contracting amid softer commodity prices.

WMB$89BGQ SFRS 62 / +9% pivot / -12% highRevenue up 13.7%, EPS up 17.5%; RS jumped 38 to 61, 1.6% to pivot.FCF yield just 0.8% — capital spending leaves minimal free cash despite earnings growth.

KRP$2BGQ PRS 61 / +4% pivot / -6% highRoyalty model yields 42.7% operating margin and 13.3% FCF yield; only 1.2% to pivot.Income depends on commodity prices and operators' drilling pace; revenue growth modest at 7.5%.

CybersecurityFadingBasing⚡2 buyableDeteriorating16 drivers · 6 pullbacks · 2 watchlist · 7 broken excluded · ⚡2 setups▾

conditional pickFTNTHighest RS in a breaking-down theme (94) with self-funding growth quality, rev +14.2% and positive EPS. Durable profile outranks mixed-GQ CRWD/PANW/NET on the sustainability...

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FTNT$57BGQ SFRS 94 / +11% pivot / -10% high / trendRevenue up 14.2% on a 32.8% operating margin — self-funding growth 7.8% from high.Margins contracting and EPS growth of 7.5% lags revenue; RS slipped from 94 to 90.

PANW$190BGQ MRS 93 / +17% pivot / -15% high / trendRevenue up 19.5% at $190B scale as platform consolidation drives the cybersecurity theme.EPS down 34.3% and operating margin negative at -6.1%, with margins contracting.

BB$2BGQ SFRS 93 / +49% pivot / -42% highEPS up 166.5% with expanding margins; RS 96 leads this cybersecurity group.Revenue growth of just 2.4% is anemic; stock sits 19.1% below its 52-week high.

OKTA$21BGQ SFRS 92 / +4% pivot / -13% high / trendEPS up 90.7% as margins expand; 3.1% FCF yield supports self-funding growth.Operating margin still thin at 7.3%; stock 15.7% below high with RS slipping to 89.

CRWD$171BGQ M⚡ 50-EMA+SMA pullback · 3.3% risk / RS 91 / +21% pivot / -18% highFastest grower in the group at 23.2% revenue, EPS up 72.5%, margins expanding.Negative -2.2% operating margin and thin 0.9% FCF yield; 17.9% below its high.

ACIW$4BGQ SFRS 91 / +2% pivot / -2% highSelf-funding growth with expanding margins; rev up 10.4%, eps 13.2%, op margin 0.226.Weak capital efficiency (ROIC 0.029) and modest FCF yield 0.048; RS slipped 91 to 88.

FIVN$1BGQ MRS 91 / -2% pivot / -8% highStrong RS (91) and profitable operations (op margin 7.3%), near 52w high.Growth quality mixed and margins flat, showing limited operating leverage.

GCT$2BGQ SFRS 90 / +2% pivot / -20% highStrong 0.104 FCF yield and RS surging 18 to 74 on self-funding growth.Margins contracting with only 11.1% revenue growth; sits 27.8% below highs.

NET$59BGQ MRS 89 / +8% pivot / -7% high / trendRevenue growing 29.8%; RS accelerating to 81 from 70 three months ago.GAAP-unprofitable: -7.4% operating margin, EPS -29.5%, and near-zero 0.5% FCF yield.

DBX$6BGQ MRS 88 / +1% pivot / -1% highLeading RS 88 at 52w high (-0.6%), healthy 24.9% op margin and cash generation.Revenue declining and margins contracting; mature growth, RS easing 92→88.

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XYZ$38BGQ PRS 77 / +2% pivot / -2% highProfitable with FCF yield 0.065, margins expanding, -4.9% from high.Eps -53.7%, flat rev +0.3%, thin ROIC 0.006.

FFIV$16BGQ SF⚡ 50-EMA pullback · inside bar · 3.3% risk / RS 76 / +8% pivot / -11% highEPS up 20.2% with expanding margins; only 4% below high, 4.1% from pivot.Revenue growth of 8.8% lags faster-growing security peers; mature, hardware-tied franchise.

S$6BGQ MRS 77 / +12% pivot / -11% highRevenue up 21.4% and EPS up 27.3% on sustained cybersecurity demand.Deeply unprofitable (op margin -28.8%), margins contracting, RS fading (74 from 87).

QLYS$3BGQ SFRS 71 / +24% pivot / -20% highHigh 33.6% operating margin with margins expanding; RS 84 sits near a breakout pivot.RS cooling from 93 to 84 and mixed growth-quality in crowded cyber market.

TENB$2BGQ SFRS 73 / +7% pivot / -28% highMargins expanding with positive 7.4% op margin and EPS up; strong RS (83) near pivot.RS cooling from 94 to 83; -15.3% off 52w high, mixed growth quality.

ATEN$2BGQ SFRS 79 / +28% pivot / -25% highRevenue up 11% with steady RS 90; trades only 6.1% below its 52-week high.EPS down 13.4% with contracting margins; ROIC of 1.9% is thin.

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DLO$4BGQ SFRS 78 / +4% pivot / -13% highRevenue up 46.6%, EPS up 62.3%, solid margins (18.5%) and FCF yield 9.2%.Margins contracting despite growth; emerging-market FX and take-rate pressure.

KSPI$14BGQ MRS 57 / +6% pivot / -12% high / trendRev +59.1%, op margin 0.31, margins expanding.Eps only +1.2%, soft RS 60, FCF and ROIC unavailable.

Defense / Aerospace & DronesFadingPulling back⚡4 buyableDeteriorating7 drivers · 5 pullbacks · 6 watchlist · 2 broken excluded · ⚡4 setups▾

conditional pickVVXTheme's top RS leader (92) and self-funding/profitable, EPS +125.9%, just 6.0% off high. Small-cap ($2B) with most room to run; cleaner quality than cash-burning DCO or mixed...

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VVX$2BGQ SFRS 92 / -10% pivot / -6% high / trendEPS up 125.9% with 5% FCF yield and expanding margins on steady defense outlays.Thin 4.2% operating margin and 3.7% revenue growth reflect low-margin services work.

DCO$2BGQ CB⚡ 21-EMA pullback · 4.3% risk / RS 90 / +8% pivot / -14% high / trendSits at its 52-week high and pivot with RS 91 rising on defense demand.EPS swung -208.1% with -40.3% operating margin; currently cash-burning.

HXL$6BGQ PRS 89 / +6% pivot / -6% high / trendMargins expanding and RS firm at 78; stock already trades above its pivot.Revenue flat (-0.5%) and EPS down 12.7%—recovery thesis not yet in reported numbers.

AIR$5BGQ SFRS 88 / +6% pivot / -8% high / trendRevenue up 16.8%, self-funding; RS strong at 89, just 2.6% off high.Low 0.018 ROIC and 0.017 FCF yield; EPS growth flatters off small base.

RAL$5BGQ M⚡ 50-SMA pullback · doji · 2.6% risk / RS 85 / +8% pivot / -11% high / trendHolds near its 52-week high (-0.6%) with a 13.3% operating margin still expanding.Post-spin distorted comps (deeply negative (base-effect figure excluded) revenue print) and missing FCF/ROIC data...

ATRO$3BGQ SFRS 85 / +12% pivot / -27% highEPS up 263.8% with expanding margins and self-funding growth as aerospace electronics demand rises.Thin 0.8% FCF yield and 6.1% ROIC despite the earnings surge.

RTX$271BGQ SFRS 84 / -8% pivot / -3% highEPS up 39.7% and RS accelerating sharply, 25 to 59 over three months.Deepest pullback (-15.4% from high) with contracting margins and group-low 1.5% ROIC.

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GE$325BGQ SFRS 76 / +3% pivot / -8% high / trendRevenue up 18.6%, EPS up 35.6%; group-high 18.5% operating margin, 0.6% from pivot.Margins flagged contracting and 2.1% FCF yield prices in continued flawless execution.

HEI$40BGQ SFRS 73 / +4% pivot / -4% high / trendRevenue up 16.1%, EPS up 25.2%, strong 0.221 op margin, self-funding.Margins contracting; rich large-cap at $40B with low 0.018 FCF yield.

DRS$12BGQ SFRS 70 / -1% pivot / -8% high / trendEPS up 31.6% on 12.8% revenue growth with expanding margins; RS rose 56 to 76.ROIC of just 3% and a thin 2.4% FCF yield leave little valuation cushion.

SARO$9BGQ MRS 49 / +8% pivot / -17% highMargins expanding, eps up sharply (base-effect figure excluded), rev +15.8% on strong aftermarket MRO demand.Thin op margin 0.093, mixed growth-quality; -12.7% from high, below pivot.

MRCY$5BGQ MRS 66 / +20% pivot / -30% highRS rose 84 to 90 with 7% revenue growth and positive 1.1% FCF yield.Margins contracting: -4.6% operating margin, negative ROIC, EPS down 3.7%.

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ESLT$43BGQ SF⚡ 50-EMA reclaim · 4.4% risk / RS 78 / +8% pivot / -24% highRevenue up 18.4% and EPS up 60.2% on global rearmament; RS jumped 35 to 88.Still 17.6% below its 52-week high with thin 1.4% FCF yield.

LMT$141BGQ PRS 77 / -7% pivot / -18% highElevated defense budgets support steady demand; op margins expanding with 0.044 FCF yield.EPS declined -3.5% and sits -20.7% off 52w high amid program execution pressures.

GD$91BGQ SFRS 74 / -1% pivot / -5% high / trendGroup-best 6.5% FCF yield alongside 10.1% revenue and 13.3% EPS growth.Margins contracting and 13.3% EPS growth trails faster-growing defense peers; RS only 60.

WWD$23BGQ SF⚡ 50-SMA pullback · 3.6% risk / RS 74 / +11% pivot / -14% highRS jumped 34 to 75; eps growth 33%, expanding margins, near pivot (1.8%).Thin FCF yield 0.017 and modest ROIC 0.03; 9.8% off 52-week high.

EMBJ$13BGQ SFRS 71 / -1% pivot / -16% highRevenue growing +18.9% as defense/aerospace demand builds; self-funding growth at pivot.Thin 8% op margin contracting; flat EPS (-0.5%), -21% below 52w high.

CW$27BGQ SFRS 62 / +16% pivot / -16% highRS surged 54 to 78; self-funding rev 12.1%, eps 22.1%, expanding margins.Low FCF yield 0.022 and ROIC 0.035 despite $27B mcap; near highs.

Gold & Precious MetalsBreaking DownPulling backNew1 drivers · 0 pullbacks · 0 watchlist · 4 broken excluded▾

conditional pickCGAUOnly qualifying name in a breaking-down theme, but it clears the bar itself: RS 90, self-funding growth, eps up sharply (base-effect figure excluded), and sitting just 0.6% from...

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CGAU$4BGQ SFRS 90 / +1% pivot / -19% highEPS up sharply (base-effect figure excluded) on gold-price strength; operating margins expanding to 22.6%.Revenue growth of 11.9% trails gold peers; ROIC low at 2.5%.

Industrials & Construction / AI-Infrastructure CapexFadingPulling back⚡3 buyableDeterioratingCandidate7 drivers · 4 pullbacks · 19 watchlist · 8 broken excluded · ⚡3 setups▾

conditional pickFIXFIX leads with RS 83 and is self-funding (rev 29.5%, eps 97.8%) — the purest data-center construction fit among durable names. Top RS drivers XMTR and ENOV are cash-burning, so...

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XMTR$2BGQ CBRS 95 / +31% pivot / -24% highRevenue growing 25.9% with margins expanding toward profitability; RS 92 leadership intact.Still cash-burning: operating margin -4.6%, EPS -18.4%, and 18.9% below 52-week high.

ENOV$1BGQ CBRS 93 / +1% pivot / -12% highRevenue up up sharply (base-effect figure excluded) with margins expanding; RS steady at 89, only 1.6% to pivot.Deeply cash-burning (op margin -95.1%), EPS collapsed; FCF and ROIC unknown.

GRC$2BGQ SF⚡ 50-EMA pullback · 4.1% risk / RS 88 / +9% pivot / -15% highLeadership RS 91, just 0.1% to pivot; EPS +31.4% with self-funding growth.Flat margins (op 0.149) and modest rev +3.4%; low ROIC 0.024 limits compounding.

HLIO$2BGQ SFRS 84 / +12% pivot / -21% highLiquid-cooling coupling demand; margins expanding, EPS +23.9%; just 3.4% off 52-week high.Core hydraulics markets sluggish — 4.1% revenue growth and low 1.4% ROIC.

HWM$101BGQ SF⚡ 50-EMA+SMA pullback · 2.7% risk / RS 83 / +8% pivot / -8% high / trendEPS +31.6% on 26.6% operating margins, expanding; gas-turbine demand; RS jumped 55 to 74.Rich valuation — 1.4% FCF yield — leans on aerospace build rates and turbine demand persisting.

FIX$56BGQ SFRS 83 / +10% pivot / -27% highData-center mechanical demand: EPS +97.8% on 29.5% revenue growth with expanding margins.FCF yield of 2.1% implies premium valuation reliant on sustained data-center capex.

CYD$2BGQ SFRS 83 / +7% pivot / -27% highGenset-driven acceleration: revenue +42.3%, EPS +35.6%, margins expanding, RS 93 up from 82.Thin profitability — 2.1% operating margin, 0.9% ROIC — and 13.1% off highs; China-cycle exposure.

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CAT$370BGQ PRS 71 / +16% pivot / -27% highData-center power demand lifts engine segment; RS 91 rising from 86, only 3.5% to pivot.EPS down 14.7% with contracting margins; core construction/mining cycle soft, revenue only +4.3%.

CR$11BGQ SFRS 62 / +11% pivot / -10% high / trendSelf-funding growth, eps +21.9% on 17.5% op margins, near 52-week high.Margins contracting; low ROIC 0.022 and thin FCF yield 0.021 limit reinvestment.

NPO$6BGQ PRS 64 / +16% pivot / -24% highRS 92 and within 1% of 52w high; 9% revenue growth on AI capex.EPS -45.4% with thin 0.022 FCF yield and 0.01 ROIC; weak earnings quality.

GHM$1BGQ MRS 64 / +29% pivot / -30% highInfrastructure capex lifts rev +16.9%; RS 92 rising, near 52w high.Razor-thin margins (op 0.026, ROIC 0.011); eps growth stalled at +0.9%.

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IEX$15BGQ PRS 72 / -0% pivot / -6% high / trendWithin 0.8% of pivot and 52-week high; 20.7% operating margins, 3.7% FCF yield.EPS -3.6% with contracting margins; modest 5.8% growth limits earnings fuel.

ITW$78BGQ PRS 72 / +3% pivot / -4% highHigh op margin 0.265 expanding, ROIC 0.063; sits right at pivot.Rev +0.9% flat, EPS -10.5% declining; RS 60 middling.

NDSN$16BGQ SFRS 70 / +4% pivot / -4% high / trendEPS +20.4% on 7.4% revenue growth at 0.266 operating margin; 0.7% from pivot.Margins contracting off the 0.266 operating-margin base; ROIC just 0.03.

ROK$45BGQ P⚡ 50-EMA+SMA pullback · 2.1% risk / RS 70 / +8% pivot / -8% highProfitable (17.4% op margin), within 1.7% of pivot on US manufacturing-capex recovery.Modest 5.8% revenue growth with flat margins; RS slipping 82 to 77 as momentum cools.

SXI$3BGQ SFRS 70 / +14% pivot / -25% highRevenue up 21% and RS strong at 86, up from 71.EPS down 2.4% and thin 1.5% FCF yield; 16.8% below highs.

CMI$85BGQ PRS 68 / +16% pivot / -18% highData-center backup-power demand supports the AI-infrastructure capex thesis.Revenue down 1.3%, EPS down 27.2%, margins contracting.

AME$54BGQ PRS 67 / +4% pivot / -4% high / trendMargins expanding from a 0.262 operating-margin base; sits 0.2% from pivot, RS rising 56 to 66.Slowest growth in group — EPS +7.9% on 6.6% revenue; RS 66 lags peers.

DCI$10BGQ SFRS 66 / -1% pivot / -18% highEPS +24.8% self-funding; near pivot (0.9%), filtration levered to AI-infra.Rev only +4.4%, margins flat; RS 60 lagging leadership.

WTS$10BGQ SFRS 66 / +7% pivot / -15% high / trendEPS +17% with margins expanding; already trading through pivot (-0.6%) on rising RS 74.Modest 0.03 FCF yield and 0.036 ROIC leave little cushion if capex demand slows.

PH$124BGQ SFRS 65 / +5% pivot / -8% highEPS up 13.5% with 21.1% operating margins expanding; RS surged to 65 from 38.Revenue growth of only 2.8% leaves earnings reliant on margins; still 12.5% off high.

FELE$4BGQ PRS 60 / +4% pivot / -9% high / trendSteady 5.4% revenue growth with 3.7% FCF yield; sits 0.6% below pivot.EPS down 16.4% with contracting 10.2% operating margin; RS slipping to 66 from 68.

TNC$1BGQ PRS 57 / +5% pivot / -8% highHolds 2.5% below 52-week high with RS 74, just 1.8% from pivot.Revenue -6.5%, EPS -47%, near-zero operating margin (0.001) with margins contracting.

IR$34BGQ PRS 55 / +4% pivot / -16% highAI-infrastructure capex lifts flow equipment demand; strong 31.7% op margin, positive FCF (0.035).Earnings falling (eps -29.6%), margins contracting, RS deteriorating 71→55.

EMR$81BGQ PRS 54 / -4% pivot / -11% highOperating margin 19.9% and expanding with 3.9% FCF yield amid automation capex demand.EPS down 2.7% on sluggish 3.6% revenue growth; 13.4% below 52-week high.

ITT$19BGQ PRS 51 / +4% pivot / -15% highRevenue up 8.5% with operating margins expanding to 17%.EPS down 3.2% despite growth; RS stalled at 57, 14.8% off the high.

Neocloud / AI Datacenter Operators (GPU-rental + servers)Breaking DownPulling backImprovingCandidate2 drivers · 0 pullbacks · 0 watchlist · 4 broken excluded▾

conditional pickHPEHPE is the leading name (RS 96), $73B, with self-funding growth and 23.2% rev growth. Sustainability tiebreaker favors it over cash-burning NBIS despite NBIS's hotter growth...

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HPE$73BGQ SFRS 96 / +12% pivot / -31% highAI-server demand drives 23.2% revenue growth with 8.2% FCF yield and expanding margins.Thin 7% operating margin and 1.2% ROIC reflect low-margin server mix; 24.9% off high.

NBIS$35BGQ CBRS 92 / +16% pivot / -51% highRevenue up up sharply (base-effect figure excluded) with margins expanding as GPU capacity comes online; RS 97.Deeply unprofitable (-103% operating margin), cash-burning buildout; 21.1% below its 52-week high.

Data-Center Physical Buildout — Cooling & ElectricalsBreaking DownPulling backStableCandidate0 drivers · 0 pullbacks · 3 watchlist · 2 broken excluded▾

conditional pickNVTNVT leads the bucket on RS (69), is the largest at $21B, and pairs strong rev (29.5%) and eps (118.4%) growth with self-funding quality. Never led but best-positioned to catch up...

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NVT$21BGQ SFRS 69 / +14% pivot / -28% highRevenue up 29.5% and EPS up 118.4% on data-center electrical and cooling demand.Operating margins contracting (15.4%) and FCF yield thin at 1.4% despite rapid growth.

PLPC$2BGQ SFRS 67 / +15% pivot / -32% highRevenue up 12.7%, self-funding, on grid and transmission hardware demand; RS 92.EPS down 4.8% with thin 6.8% operating margin and 1.5% ROIC.

ATKR$2BGQ PRS 38 / +8% pivot / -21% highGroup-best 5.4% FCF yield; profitable, within 5.7% of pivot on conduit demand.Revenue down 7.2% and EPS down 113.6%; RS fading 88 to 80.

Copper — AI / ElectrificationFadingPulling backImproving2 drivers · 0 pullbacks · 3 watchlist · 1 broken excluded▾

no durable pickTheme is breaking down: breadth 8.2, zero names above the 50-DMA, all drivers 17-32% off highs. No leadership to ride; picking into a broken theme fails the durability tiebreaker.

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SCCO$159BGQ SFRS 82 / +12% pivot / -22% highGroup-leading 54.5% operating margin, still expanding; RS surged 29→80 on copper demand.Remains 21.8% below 52-week high, 16% under pivot; FCF yield modest at 2.9%.

HBMGQ -RS 82 / +8% pivot / -32% highEPS up up sharply (base-effect figure excluded) with operating margin expanding to 32.9%; RS jumped 74→91.Still 20.4% below 52-week high and 25.6% under pivot; FCF yield only 2.5%.

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TECK$27BGQ SFRS 78 / +7% pivot / -19% highEPS up up sharply (base-effect figure excluded) on 18.6% revenue growth with operating margin expanding to 21.3%.Thin cash conversion: 1.6% FCF yield and 1.0% ROIC despite the earnings surge.

TGB$2BGQ SFRS 78 / +16% pivot / -28% highOperating margin 45.9% and expanding; RS jumped 27 to 80 on copper demand.EPS swung -132.5%; shares 29% off the 52-week high, 27.1% from pivot.

FCX$97BGQ SFRS 65 / +9% pivot / -17% highEPS +17.8% with 6.7% FCF yield as AI/electrification copper demand firms; RS 80 rising.Margins contracting on only 2.4% revenue growth; ROIC thin at 1.1%.

AI Power Generation / IPPs / Uranium & NuclearBreaking DownPulling backStable0 drivers · 1 pullbacks · 0 watchlist · 5 broken excluded▾

no durable pickTheme breaking down: breadth 0, 0% above 50-DMA, no group confirmation. Sole name GEV has sub-median RS (52), sits 26.7% below pivot and -24.7% off high — a deep pullback lacking...

Pullbacks - recent leaders in a dip

TickerCapGQSetupWhy it mattersWatch item

GEV$267BGQ SFRS 52 / +27% pivot / -25% highEPS up 218.7% with margins expanding on data-center power-equipment demand; RS 67 to 83.Thin 5.5% operating margin with wind-segment drag; shares 22.1% below 52-week high.

Earnings Calendar

Scheduled reports over the next 6 weeks (2026-07-29 → 2026-09-09) for the companies featured in this issue. Descriptive only: dates can shift and consensus estimates are not a forecast.

185upcoming reports12theme picks76leaders (drivers)97pullbacks / watchlist

DateTickerThemeRoleEst. EPS

Wed Jul 29FTNTFortinetCybersecurityPick0.75

Wed Jul 29PBITransports / Freight & LogisticsPick0.34

Wed Jul 29ARCBTransports / Freight & LogisticsLeader2.26

Wed Jul 29AXGNAxoGen, Inc.Selective Medtech / Device BreakoutsLeader0.12

Wed Jul 29BIIBGLP-1 / Obesity & Large-Cap PharmaLeader2.94

Wed Jul 29CNMDSelective Medtech / Device BreakoutsLeader1.10

Wed Jul 29GKOSSelective Medtech / Device BreakoutsLeader-0.21

Wed Jul 29HBMHudbay Minerals Inc.Copper — AI / ElectrificationLeader0.26

Wed Jul 29HUMHumanaManaged Care / Health-Plan TurnLeader7.26

Wed Jul 29HXLDefense / Aerospace & DronesLeader0.57

Wed Jul 29LRCXLam ResearchAI Memory / HBM Super-CycleLeader1.69

Wed Jul 29ODFLTransports / Freight & LogisticsLeader1.54

Wed Jul 29DRSDefense / Aerospace & DronesPullback0.27

Wed Jul 29TENBCybersecurityPullback0.47

Wed Jul 29UBSFinancials / BanksPullback0.90

Wed Jul 29ALGNSelective Medtech / Device BreakoutsWatch2.62

Wed Jul 29CHRWTransports / Freight & LogisticsWatch1.53

Wed Jul 29GDGeneral Dynamics CorporationDefense / Aerospace & DronesWatch3.96

Wed Jul 29HLXEnergy / Oil & Gas (E&P + Services)Watch0.07

Wed Jul 29IEXIndustrials & Construction / AI-Infrastructure CapexWatch2.11

Wed Jul 29PLPCPreformed Line Products CompanyData-Center Physical Buildout — Cooling & ElectricalsWatch2.41

Wed Jul 29VETEnergy / Oil & Gas (E&P + Services)Watch0.20

Wed Jul 29WWDDefense / Aerospace & DronesWatch2.44

Thu Jul 30ASXAI Compute / SemiconductorsLeader0.23

Thu Jul 30BBVAFinancials / BanksLeader0.61

Thu Jul 30BFLYButterfly Network, Inc.Selective Medtech / Device BreakoutsLeader-0.03

Thu Jul 30BMYGLP-1 / Obesity & Large-Cap PharmaLeader1.60

Thu Jul 30FTIEnergy / Oil & Gas (E&P + Services)Leader0.80

Thu Jul 30RALDefense / Aerospace & DronesLeader0.62

Thu Jul 30AGIOBiotech Laggard-to-Leader (small/mid-cap)Pullback-1.65

Thu Jul 30DXCMSelective Medtech / Device BreakoutsPullback0.61

Thu Jul 30INGFinancials / BanksPullback0.75

Thu Jul 30XPOTransports / Freight & LogisticsPullback1.48

Thu Jul 30AUPHBiotech Laggard-to-Leader (small/mid-cap)Watch0.19

Thu Jul 30HUBGTransports / Freight & LogisticsWatch0.23

Thu Jul 30IRIndustrials & Construction / AI-Infrastructure CapexWatch0.83

Thu Jul 30MPWRAI Compute / SemiconductorsWatch5.87

Thu Jul 30PTCTBiotech Laggard-to-Leader (small/mid-cap)Watch0.22

Thu Jul 30SAIATransports / Freight & LogisticsWatch3.38

Thu Jul 30SNDRTransports / Freight & LogisticsWatch0.22

Thu Jul 30SXIIndustrials & Construction / AI-Infrastructure CapexWatch2.35

Fri Jul 31NVTnVent Electric plcData-Center Physical Buildout — Cooling & ElectricalsPick1.16

Fri Jul 31ABBVAbbVie Inc.GLP-1 / Obesity & Large-Cap PharmaLeader3.60

Fri Jul 31SMFGFinancials / BanksLeader0.44

Fri Jul 31IRMDSelective Medtech / Device BreakoutsWatch0.42

Fri Jul 31NWGFinancials / BanksWatch0.47

Mon Aug 03VVXV2X, Inc.Defense / Aerospace & DronesPick1.45

Mon Aug 03ICHRIchor Holdings, Ltd.AI Compute / SemiconductorsLeader0.31

Mon Aug 03MUFGFinancials / BanksLeader0.34

Mon Aug 03CRGYEnergy / Oil & Gas (E&P + Services)Pullback0.59

Mon Aug 03UFPTSelective Medtech / Device BreakoutsPullback2.51

Mon Aug 03VRTXVertex Pharmaceuticals IncorporatedBiotech Laggard-to-Leader (small/mid-cap)Pullback4.74

Mon Aug 03BMRNBiotech Laggard-to-Leader (small/mid-cap)Watch0.96

Mon Aug 03BSMEnergy / Oil & Gas (E&P + Services)Watch0.22

Mon Aug 03GILDGLP-1 / Obesity & Large-Cap PharmaWatch-7.26

Mon Aug 03INVXEnergy / Oil & Gas (E&P + Services)Watch0.30

Mon Aug 03TDWEnergy / Oil & Gas (E&P + Services)Watch0.46

Mon Aug 03WMBThe Williams Companies, Inc.Energy / Oil & Gas (E&P + Services)Watch0.50

Tue Aug 04AMDAdvanced Micro DevicesAI Compute / SemiconductorsPick1.61

Tue Aug 04BIOSelective Medtech / Device BreakoutsLeader1.75

Tue Aug 04BRKRSelective Medtech / Device BreakoutsLeader0.38

Tue Aug 04EXPDTransports / Freight & LogisticsLeader1.68

Tue Aug 04HSBCFinancials / BanksLeader2.24

Tue Aug 04MRKMerck & Co.GLP-1 / Obesity & Large-Cap PharmaLeader-0.26

Tue Aug 04OGNGLP-1 / Obesity & Large-Cap PharmaLeader0.87

Tue Aug 04SYREBiotech Laggard-to-Leader (small/mid-cap)Leader-0.71

Tue Aug 04TSEMAI Compute / SemiconductorsLeader0.76

Tue Aug 04WDCAI Memory / HBM Super-CycleLeader3.30

Tue Aug 04XMTRIndustrials & Construction / AI-Infrastructure CapexLeader0.12

Tue Aug 04ACADBiotech Laggard-to-Leader (small/mid-cap)Pullback0.06

Tue Aug 04AMGNGLP-1 / Obesity & Large-Cap PharmaPullback5.62

Tue Aug 04AROCEnergy / Oil & Gas (E&P + Services)Pullback0.46

Tue Aug 04CATCaterpillar Inc.Industrials & Construction / AI-Infrastructure CapexPullback6.25

Tue Aug 04NPOIndustrials & Construction / AI-Infrastructure CapexPullback2.30

Tue Aug 04QLYSCybersecurityPullback1.78

Tue Aug 04RYTMBiotech Laggard-to-Leader (small/mid-cap)Pullback-0.82

Tue Aug 04AHCOSelective Medtech / Device BreakoutsWatch0.17

Tue Aug 04AMEIndustrials & Construction / AI-Infrastructure CapexWatch1.99

Tue Aug 04ANETArista Networks, Inc.AI Networking / Optical InterconnectWatch0.89

Tue Aug 04ATKRData-Center Physical Buildout — Cooling & ElectricalsWatch1.55

Tue Aug 04CMICummins Inc.Industrials & Construction / AI-Infrastructure CapexWatch7.21

Tue Aug 04DVNEnergy / Oil & Gas (E&P + Services)Watch1.40

Tue Aug 04EMREmerson Electric Co.Industrials & Construction / AI-Infrastructure CapexWatch1.68

Tue Aug 04HRMYBiotech Laggard-to-Leader (small/mid-cap)Watch0.97

Tue Aug 04PENSelective Medtech / Device BreakoutsWatch1.15

Tue Aug 04ROKIndustrials & Construction / AI-Infrastructure CapexWatch3.38

Tue Aug 04VTOLEnergy / Oil & Gas (E&P + Services)Watch0.84

Wed Aug 05APAAPA CorporationEnergy / Oil & Gas (E&P + Services)Pick1.85

Wed Aug 05LIVNSelective Medtech / Device BreakoutsPick1.08

Wed Aug 05LLYEli Lilly and CompanyGLP-1 / Obesity & Large-Cap PharmaPick6.06

Wed Aug 05ATROAstronics CorporationDefense / Aerospace & DronesLeader0.59

Wed Aug 05CVSCVS HealthManaged Care / Health-Plan TurnLeader1.86

Wed Aug 05EXTRAI Networking / Optical InterconnectLeader0.29

Wed Aug 05KLICKulicke and Soffa Industries, Inc.AI Memory / HBM Super-CycleLeader1.00

Wed Aug 05MURMurphy Oil CorporationEnergy / Oil & Gas (E&P + Services)Leader1.57

Wed Aug 05NETCybersecurityLeader0.27

Wed Aug 05PREnergy / Oil & Gas (E&P + Services)Leader0.56

Wed Aug 05RVMDBiotech Laggard-to-Leader (small/mid-cap)Leader-2.04

Wed Aug 05SMSM Energy CompanyEnergy / Oil & Gas (E&P + Services)Leader1.93

Wed Aug 05SNDKSandisk CorporationAI Memory / HBM Super-CycleLeader34.67

Wed Aug 05VIAVAI Networking / Optical InterconnectLeader0.30

Wed Aug 05ATENA10 Networks, Inc.CybersecurityPullback0.26

Wed Aug 05BCRXBiotech Laggard-to-Leader (small/mid-cap)Pullback0.14

Wed Aug 05LBEnergy / Oil & Gas (E&P + Services)Pullback0.47

Wed Aug 05OXYEnergy / Oil & Gas (E&P + Services)Pullback1.84

Wed Aug 05TSEnergy / Oil & Gas (E&P + Services)Pullback0.78

Wed Aug 05XYZCybersecurityPullback0.87

Wed Aug 05CWDefense / Aerospace & DronesWatch3.62

Wed Aug 05GERNBiotech Laggard-to-Leader (small/mid-cap)Watch-0.01

Wed Aug 05INVABiotech Laggard-to-Leader (small/mid-cap)Watch0.44

Wed Aug 05PCVXBiotech Laggard-to-Leader (small/mid-cap)Watch-2.06

Wed Aug 05TGBCopper — AI / ElectrificationWatch0.08

Wed Aug 05TNCIndustrials & Construction / AI-Infrastructure CapexWatch1.33

Wed Aug 05UTHRBiotech Laggard-to-Leader (small/mid-cap)Watch7.06

Wed Aug 05VIRBiotech Laggard-to-Leader (small/mid-cap)Watch0.33

Wed Aug 05WTSIndustrials & Construction / AI-Infrastructure CapexWatch3.34

Thu Aug 06ASNDBiotech Laggard-to-Leader (small/mid-cap)Pick1.29

Thu Aug 06ACIWCybersecurityLeader0.29

Thu Aug 06ANLBiotech Laggard-to-Leader (small/mid-cap)Leader-0.13

Thu Aug 06DBXCybersecurityLeader0.74

Thu Aug 06DCODucommun IncorporatedDefense / Aerospace & DronesLeader0.94

Thu Aug 06EFXTEnergy / Oil & Gas (E&P + Services)Leader0.31

Thu Aug 06ENOVIndustrials & Construction / AI-Infrastructure CapexLeader0.83

Thu Aug 06ESTASelective Medtech / Device BreakoutsLeader-0.34

Thu Aug 06FIVNCybersecurityLeader0.69

Thu Aug 06GCTCybersecurityLeader0.85

Thu Aug 06HWMIndustrials & Construction / AI-Infrastructure CapexLeader1.24

Thu Aug 06NBISNebius Group N.V.Neocloud / AI Datacenter Operators (GPU-rental + servers)Leader-0.61

Thu Aug 06OSCROscar Health, Inc.Managed Care / Health-Plan TurnLeader0.34

Thu Aug 06COPConocoPhillipsEnergy / Oil & Gas (E&P + Services)Pullback2.90

Thu Aug 06GHMIndustrials & Construction / AI-Infrastructure CapexPullback0.36

Thu Aug 06KGSEnergy / Oil & Gas (E&P + Services)Pullback0.68

Thu Aug 06MNREnergy / Oil & Gas (E&P + Services)Pullback0.34

Thu Aug 06RXOTransports / Freight & LogisticsPullback0.04

Thu Aug 06SARODefense / Aerospace & DronesPullback0.35

Thu Aug 06SYNAAI Compute / SemiconductorsPullback1.21

Thu Aug 06DMLPEnergy / Oil & Gas (E&P + Services)Watch—

Thu Aug 06ITTIndustrials & Construction / AI-Infrastructure CapexWatch1.93

Thu Aug 06PHParker-Hannifin CorporationIndustrials & Construction / AI-Infrastructure CapexWatch8.27

Thu Aug 06SRRKBiotech Laggard-to-Leader (small/mid-cap)Watch-0.84

Fri Aug 07CLMTEnergy / Oil & Gas (E&P + Services)Leader0.07

Fri Aug 07CYDIndustrials & Construction / AI-Infrastructure CapexLeader2.46

Fri Aug 07KRPEnergy / Oil & Gas (E&P + Services)Watch0.25

Mon Aug 10HLIOIndustrials & Construction / AI-Infrastructure CapexLeader0.80

Mon Aug 10ORKABiotech Laggard-to-Leader (small/mid-cap)Leader-0.49

Mon Aug 10BHVNBiotech Laggard-to-Leader (small/mid-cap)Pullback-0.77

Mon Aug 10IDYABiotech Laggard-to-Leader (small/mid-cap)Pullback-1.06

Mon Aug 10EMBJDefense / Aerospace & DronesWatch0.61

Mon Aug 10KSPICybersecurityWatch2.78

Tue Aug 11LITEAI Networking / Optical InterconnectPick2.97

Tue Aug 11CLYMBiotech Laggard-to-Leader (small/mid-cap)Leader-0.22

Tue Aug 11ERASBiotech Laggard-to-Leader (small/mid-cap)Leader-0.12

Tue Aug 11SLSBiotech Laggard-to-Leader (small/mid-cap)Leader-0.04

Tue Aug 11ESLTElbit Systems Ltd.Defense / Aerospace & DronesWatch3.69

Wed Aug 12ANROBiotech Laggard-to-Leader (small/mid-cap)Leader-0.71

Wed Aug 12CSCOAI Networking / Optical InterconnectLeader1.17

Wed Aug 12TBBBBBB Foods Inc.Consumer Staples / Defensive RotationWatch-0.17

Thu Aug 13FBRXBiotech Laggard-to-Leader (small/mid-cap)Leader-0.88

Thu Aug 13STTKBiotech Laggard-to-Leader (small/mid-cap)Leader-0.15

Thu Aug 13DLOCybersecurityWatch0.20

Fri Aug 14AVBPBiotech Laggard-to-Leader (small/mid-cap)Pullback-0.98

Mon Aug 17PANWPalo Alto NetworksCybersecurityLeader0.98

Tue Aug 18MRCYMercury Systems, Inc.Defense / Aerospace & DronesPullback0.38

Tue Aug 18ZTOTransports / Freight & LogisticsWatch0.50

Wed Aug 19NESREnergy / Oil & Gas (E&P + Services)Leader0.35

Wed Aug 19TGTConsumer Staples / Defensive RotationLeader2.27

Wed Aug 19ADIAI Compute / SemiconductorsWatch3.34

Wed Aug 19NDSNIndustrials & Construction / AI-Infrastructure CapexWatch3.09

Mon Aug 24HEIDefense / Aerospace & DronesPullback1.50

Tue Aug 25BMOFinancials / BanksLeader2.64

Tue Aug 25BNSFinancials / BanksLeader1.48

Tue Aug 25OKTAOkta, Inc.CybersecurityLeader0.96

Wed Aug 26FIVEConsumer Staples / Defensive RotationLeader1.32

Wed Aug 26DCIIndustrials & Construction / AI-Infrastructure CapexWatch1.12

Thu Aug 27RYFinancials / BanksPick2.87

Thu Aug 27CMFinancials / BanksLeader1.79

Thu Aug 27TDFinancials / BanksLeader1.72

Thu Aug 27SCybersecurityPullback0.07

Thu Aug 27DGConsumer Staples / Defensive RotationWatch2.00

Tue Sep 01CRWDCrowdStrike HoldingsCybersecurityLeader0.29

Wed Sep 02HPEHewlett Packard EnterpriseNeocloud / AI Datacenter Operators (GPU-rental + servers)Pick0.93

Wed Sep 02DLTRConsumer Staples / Defensive RotationPullback1.11

Thu Sep 03CIENAI Networking / Optical InterconnectLeader1.73

Thu Sep 03DELLAI Compute / SemiconductorsLeader4.89

Thu Sep 03AVGOBroadcom Inc.AI Compute / SemiconductorsWatch3.22

A rotation, not a top.

Market Read

Theme Radar

Buyable Now

Setup Radar

Leading Theme Spotlights

Biotech Laggard-to-Leader (small/mid-cap)

What is driving it

Why now

Sustainability

Leaders to inspect

Recent leaders in pullback

Intact watchlist / exposed names

GLP-1 / Obesity & Large-Cap Pharma

What is driving it

Why now

Sustainability

Leaders to inspect

Recent leaders in pullback

Intact watchlist / exposed names

Selective Medtech / Device Breakouts

What is driving it

Why now

Sustainability

Leaders to inspect

Recent leaders in pullback

Intact watchlist / exposed names

Managed Care / Health-Plan Turn

What is driving it

Why now

Sustainability

Leaders to inspect

Intact watchlist / exposed names

AI Memory / HBM Super-Cycle

What is driving it

Why now

Sustainability

Leaders to inspect

AI Compute / Semiconductors

What is driving it

Why now

Sustainability

Leaders to inspect

Recent leaders in pullback

Intact watchlist / exposed names

Transports / Freight & Logistics

What is driving it

Why now

Sustainability

Leaders to inspect

Recent leaders in pullback

Intact watchlist / exposed names

Theme Picks

Biotech Laggard-to-Leader (small/mid-cap)

GLP-1 / Obesity & Large-Cap Pharma

Selective Medtech / Device Breakouts

Managed Care / Health-Plan Turn

AI Memory / HBM Super-Cycle

AI Compute / Semiconductors

Transports / Freight & Logistics

Financials / Banks

Consumer Staples / Defensive Rotation

AI Networking / Optical Interconnect

Energy / Oil & Gas (E&P + Services)

Cybersecurity

Defense / Aerospace & Drones

Gold & Precious Metals

Industrials & Construction / AI-Infrastructure Capex

Neocloud / AI Datacenter Operators (GPU-rental + servers)

Data-Center Physical Buildout — Cooling & Electricals

Copper — AI / Electrification

AI Power Generation / IPPs / Uranium & Nuclear

Theme Deep Dives

Drivers - leading now

Pullbacks - recent leaders in a dip

Watchlist - exposed and intact

Drivers - leading now

Pullbacks - recent leaders in a dip

Watchlist - exposed and intact

Drivers - leading now