Daily research: 2026-09-29

Regime neutral · profile balanced · status ok · data as of the 2026-09-29 close (generated 2026-09-29 22:02 UTC) · OpenRouter $0.27 (Claude list price $1.69, not billed)

Bottom line

The portfolio exits PLTR, SNOW, TSLA, ROKU, SOXX and other flagged holdings, keeping NOW, SKHY and LRCX, trimming TSM to 8% and ASML to 4%, and adding MSFT to 6%. New picks are MA 10%, LNG 8%, HALO 7%, NVDA 7% and ECPG 5%. About 42.6% sits in SGOV, SHY and cash.

Allocation

SGOV 28.0%SGOVSHY 10.0%SHYMA 10.0%MATSM 8.0%TSMLNG 8.0%LNGNVDA 7.0%NVDAHALO 7.0%HALOMSFT 6.0%MSFTECPG 5.0%CASH 4.6%ASML 4.0%LRCX 1.3%NOW 0.8%SKHY 0.4%
TickerTypeWeightHorizonConviction
SGOVdefensive28.0%
SHYdefensive10.0%
MApick10.0%position70
LNGpick8.0%position64
NVDApick7.0%position72
HALOpick7.0%position65
ECPGpick5.0%position70
CASHcash4.6%
Your holdings (18)holding20.4%

Cash and defensive ETFs: 42.6%.

Top picks

TickerCapHorizonEntryStopTargetR/RThesisNext catalyst
MAmegaposition557.00–570.00541.00607.001.9Quality compounder: revenue +14%, operating margin up to 60.2%, adjusted EPS +21%. (thesis from 2026-09-25)2026-10-22 Q3 2026 earnings report expected before market open, consen…
LNGlargeposition260.00–270.00248.00310.002.6Replaces LPG: long-term contracted cash flow and raised 2026 EBITDA and distributable-cash-flow guidance. (thesis from 2026-09-25)2026-10-28 Next quarterly earnings report; consensus estimates ~$3.98…
NVDAmegaposition216.00–222.00205.00251.002.3Q2 FY27 revenue +106% YoY and Data Center +117%. (thesis from 2026-09-25)2026-10-01 Next quarterly cash dividend of $0.25/share payable to hold…
HALOlargeposition108.00–114.00100.00136.002.3Health Care is a leading sector: revenue +47.7%, operating margin about 60%, about 15x annualized earnings. (thesis from 2026-09-25)2026-11-02 Estimated Q3 2026 earnings release; consensus EPS $2.397 an…
ECPGmidposition93.00–97.0088.00109.002.0About 7.4x earnings, collections guidance raised to $2.80-2.85B, $13-14 EPS reiterated. (thesis from 2026-09-25)2026-11-03 Q3 2026 earnings report; consensus estimates are EPS $3.414…

Your holdings

TickerActionFromToReason
TSMtrim21.5%8.0%The long thesis holds (August sales +53% YoY, Q3 earnings 10/14), but 21.5% breaks the 12% position limit. Cut to 8% to reduce overlap with other chip holdings.
MSFTadd4.0%6.0%Azure +43%, a 21.5x forward P/E and about $183B of operating cash flow. Cloud software diversifies away from chip hardware. Add on a pullback to $485-502.
ASMLtrim7.2%4.0%The EUV monopoly and raised guidance support keeping it, but it has lagged SPY over 3 months. Trimmed to lower chip-stock concentration.
LRCXhold1.3%1.3%Four straight earnings beats and it has reclaimed its moving averages. Small position; no add given the chip concentration.
NOWhold0.8%0.8%Contracted backlog +21% and a 26x forward P/E support holding. GAAP operating income is falling, so wait for the 10/28 report before adding.
SKHYhold0.4%0.4%Memory uptrend and strong analyst support, but fundamentals can't be checked against SEC data. Keep the small position.
PLTRsell12.8%0.0%Rated avoid: about 150x earnings and 73x sales after a 60% three-month run leave no margin of safety.
SNOWsell15.6%0.0%Rated avoid: about 110x forward earnings, still losing money on a GAAP basis, heavy stock-based pay, and a new $3.75B convertible that could dilute holders.
MRAMsell0.4%0.0%Rated avoid: GAAP loss up 5x, operating cash flow has collapsed, and the share count rose 5.6% in six months.
GSITsell0.5%0.0%Rated avoid: losses have doubled, cash burn is rising, share sales keep diluting holders, and it is in a downtrend.
TSLAsell2.1%0.0%Rated avoid: operating income -57% YoY, EPS 36% below estimates, below its 200-day average, and priced at over 330x earnings.
LWLGsell0.5%0.0%Rated avoid: essentially no revenue, widening losses, ongoing dilution, down 45% over 3 months.
ROKUsell2.7%0.0%Rated avoid: Fox deal terms are unknown, the DOJ issued a Second Request, and it trades at 64x trailing earnings.
GDOTsell0.6%0.0%Rated avoid: the merger payout can't be valued, EBITDA is shrinking, EPS missed, and it is below all its moving averages.
SOXXsell12.3%0.0%Duplicates NVDA, TSM, ASML and LRCX. Lags SPY by 14% over 3 months and trades at 41.7x trailing earnings. Selling it is the cleanest way to cut the overlapping chip exposure.
VTWOsell11.1%0.0%Rated avoid: below its 20- and 50-day averages and lagging SPY by 9.45% over 3 months. Small caps are the weakest part of the market.
DRAMsell3.6%0.0%Rated avoid: concentrated, cyclical memory fund, down 17% over 3 months, with a possible Solidigm IPO hanging over the group.
VXXsell2.7%0.0%Rated avoid: the cost of rolling futures steadily eats its value (-47% over 12 months), and a neutral market with no volatility catalyst is the worst setting for holding it.

Critic's view

Changes since the last run (2026-09-28)

New picks: LNG. Dropped picks: LPG.

Track record

13 picks (10 open, 3 closed). Hit rate 33%. Average return 1.7% vs SPY -0.9% over the same windows. Every pick

Research output generated by automated models. Not financial advice. Verify before acting.