Core Insights - The presentation outlines the top 10 stock picks for 2026, emphasizing strong performance in previous years and the potential for continued growth in the current market environment [10][99]. Market Overview - The financial markets experienced significant volatility in 2025, with technology stocks rising by 25% and communication services by 22%, while consumer staples finished in the red [13][12]. - The S&P 500 saw a decline of nearly 20% at one point, with the top stocks for 2025 down more than 20% before rebounding to finish up close to 45% [14][23]. - Gold reached historic highs during this period, driven by global economic uncertainties and increased central bank purchases [15]. AI and Technology Sector - The AI sector played a crucial role in market dynamics, with the "Mag 7" stocks trading at a forward P/E of 31x compared to the S&P 493 at 22x, indicating a significant premium for AI-driven companies [16][17]. - Hyperscalers like Amazon, Google, and Microsoft have increased their capital expenditures on AI infrastructure, raising concerns about the return on investment for these projects [18]. Stock Performance and Recommendations - Micron Technology (MU) is highlighted as a top pick with a market cap of $355 billion, showing a 254% increase over the past year and strong growth metrics [40][41]. - Advanced Micro Devices (AMD) has a market cap of $363 billion and a one-year return of 70%, with improved valuation metrics [52][53]. - Ciena Corporation (CIEN) has a market cap of $34 billion and a one-year return of 166%, with strong analyst revisions indicating positive sentiment [58][59]. - Celestica (CLS) and Coherent (COHR) are also noted for their strong growth and profitability metrics, with significant year-over-year returns [65][69]. Financial Sector Insights - Allstate Corporation (ALL) has a market cap of $53 billion and is focusing on AI underwriting, showing strong EPS growth of 99% year-over-year compared to the financial sector's 14% [72][76]. - Incyte Corporation (INCY) is recognized for its positive earnings and diverse pipeline in biotechnology, with a market cap of $19 billion [81][84]. Mining and Industrial Sector - Barrick Mining Corporation (B) has a market cap of $16 billion and is diversifying into copper, with a forward EPS growth rate of 46% [86][90]. - Willdan Group (WLDN) has a market cap of $1.57 billion and shows strong growth metrics, with a 61% EPS diluted growth rate [91][94]. - ATI has a market cap of $16 billion and is noted for its profitability improvements and strong analyst revisions [95][98].

Core Insights - The presentation outlines the top 10 stock picks for 2026, emphasizing strong performance in previous years and the potential for continued growth in the current market environment [10][99]. Market Overview - The financial markets experienced significant volatility in 2025, with technology stocks rising by 25% and communication services by 22%, while consumer staples finished in the red [13][12]. - A notable correction occurred from February to April 2025, where top stocks were down more than 20% at one point but rebounded to finish up close to 45% for the year [14][23]. - Gold reached historic highs during this period, indicating a safe haven for investors amid market corrections [15]. AI and Technology Sector - The AI frenzy significantly influenced market dynamics, with the "Mag 7" stocks trading at a forward P/E of 31x compared to the S&P 493 at 22x, indicating a premium for AI-driven companies [16][17]. - Hyperscalers like Amazon, Google, and Microsoft have increased their capital expenditures on AI infrastructure, raising concerns about the return on investment [18]. - The market saw a sharp decline in late January 2025 due to fears of overvaluation in AI stocks, leading to significant drops in major indices [22][29]. Stock Performance - The top 10 stocks for 2025 achieved a 45.68% return, significantly outperforming the S&P 500, which was up 17.6% [37]. - Historical performance shows that holding the top stocks from 2023 to 2025 would have yielded a 187% return compared to the S&P 500's 85% [39]. Top Stock Picks for 2026 - **Micron Technology (MU)**: Market cap of $355 billion, ranked 1 in the IT sector, with a one-year return of 254% and strong growth metrics [40][41]. - **Advanced Micro Devices (AMD)**: Market cap of $363 billion, ranked 17 in IT, with a one-year return of 70% and improving valuation metrics [52][53]. - **Ciena Corporation (CIEN)**: Market cap of $34 billion, ranked 3 in IT, with a one-year return of 166% and strong analyst revisions [58][59]. - **Celestica (CLS)**: Market cap of $34 billion, ranked 5 in IT, with a one-year return of 191% and strong growth indicators [65][66]. - **Coherent (COHR)**: Market cap of $33 billion, ranked 8 in IT, with strong growth metrics and a history of consistent earnings beats [69][70]. - **Allstate Corporation (ALL)**: Market cap of $53 billion, ranked 15 in financials, with strong EPS growth and undervalued compared to the sector [72][75]. - **Incyte Corporation (INCY)**: Market cap of $19 billion, ranked 19 in healthcare, with a one-year return of 42% and strong growth potential [81][84]. - **Barrick Mining Corporation (B)**: Market cap of $X billion, ranked 4 in materials, with a one-year return of 186% and strong cash flow [86][90]. - **Willdan Group (WLDN)**: Market cap of $1.57 billion, ranked 5 in industrials, with a one-year return of 190% and strong growth metrics [91][94]. - **ATI (ATI)**: Market cap of $16 billion, ranked 4 in industrials, with a one-year return of 114% and improving profitability [95][98]. Growth Metrics - The average forward revenue growth rate for the top 10 stocks is 20%, with an average EPS growth rate of 73%, significantly higher than the S&P 500's 6% revenue growth and 10% EPS growth [100].

Core Insights - ATI Inc. is strategically positioning itself to capitalize on the current market conditions characterized by a record backlog in commercial aircraft, increasing defense spending, and the reshoring of geopolitical supply chains [1] Group 1: Market Conditions - The commercial aircraft industry is experiencing a record backlog, indicating strong demand and potential growth opportunities for companies like ATI Inc. [1] - There is a surge in defense expenditure, which may benefit companies involved in defense-related manufacturing and services [1] - Geopolitical factors are driving supply chain reshoring, creating opportunities for domestic manufacturers to enhance their market presence [1]

Core Insights - The article discusses common mistakes in life insurance purchasing and management, emphasizing the importance of regular reviews and informed decisions to ensure long-term financial security for families [1][8]. Group 1: Common Mistakes - One frequent mistake is purchasing a policy and failing to review it, which can lead to underinsurance as life circumstances change, such as marriage or having children [2]. - Focusing solely on cost can result in selecting inadequate coverage; balancing affordability with benefits is crucial for long-term security [3]. - Understanding the type of policy being purchased is essential, as different policies serve different financial needs; taking time to comprehend these differences can prevent future issues [4]. Group 2: Policy Management - Policies should be documented clearly and beneficiaries updated regularly to avoid conflicts during payouts; this is particularly important after major life changes [5]. - Working with an insurance agent can help individuals navigate complex terms and ensure comprehensive coverage, preventing gaps in understanding [6]. - Procrastination in purchasing life insurance can lead to higher premiums or denial of coverage; acting early is advised to secure better rates and protection [7]. Group 3: Strategic Planning - Life insurance decisions should not be rushed; thoughtful planning, including regular reviews and consultations with professionals, enhances the effectiveness of the policy [8]. - Small proactive steps today can lead to stronger protection in the future, ensuring that life insurance fulfills its intended role of providing financial support when needed [9].

Company Performance - ATI's stock decreased by 1.86% to $118.59, underperforming the S&P 500 which gained 0.01% [1] - Over the last month, ATI's shares increased by 15.38%, outperforming the Aerospace sector's gain of 7.87% and the S&P 500's gain of 0.86% [1] Earnings Expectations - ATI is set to release its earnings report on February 3, 2026, with expected earnings of $0.89 per share, reflecting a year-over-year growth of 12.66% [2] - The Zacks Consensus Estimate for revenue is projected at $1.19 billion, an increase of 1.79% from the previous year [2] Full Year Projections - For the full year, analysts expect earnings of $3.2 per share and revenue of $4.6 billion, indicating a change of +30.08% for earnings and 0% for revenue compared to last year [3] Analyst Estimates - Recent changes to analyst estimates for ATI are important as they reflect short-term business trends, with positive revisions indicating confidence in business performance [4] - The Zacks Rank system, which incorporates estimate changes, currently ranks ATI at 2 (Buy) [6] Valuation Metrics - ATI is trading at a Forward P/E ratio of 30.49, which is lower than the industry average of 35.81, indicating a discount [7] - The company has a PEG ratio of 1.24, compared to the Aerospace - Defense Equipment industry's average PEG ratio of 2.17 [8] Industry Context - The Aerospace - Defense Equipment industry, part of the Aerospace sector, holds a Zacks Industry Rank of 71, placing it in the top 29% of over 250 industries [9]

Core Viewpoint - ATI is positioned to potentially continue its earnings-beat streak, particularly in the upcoming earnings report, supported by a strong history of exceeding earnings estimates [1]. Earnings Performance - For the most recent quarter, ATI reported earnings of $0.85 per share, surpassing the expected $0.75 per share, resulting in a surprise of 13.33% [2]. - In the previous quarter, ATI's earnings were $0.74 per share against an expectation of $0.72 per share, leading to a surprise of 2.78% [2]. Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for ATI, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [5]. - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have historically produced a positive surprise nearly 70% of the time [6]. - ATI currently has an Earnings ESP of +0.35%, suggesting analysts are optimistic about the company's earnings prospects, combined with a Zacks Rank of 2 (Buy) [8]. Upcoming Earnings Report - The next earnings report for ATI is expected to be released on February 3, 2026 [8].

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Analysis: ATI - ATI currently holds a Momentum Style Score of A, indicating strong momentum characteristics [3] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance in the market [4] - Over the past week, ATI shares increased by 1.92%, outperforming the Zacks Aerospace - Defense Equipment industry, which rose by 1.5% [6] - In a longer timeframe, ATI's shares have increased by 44.49% over the past quarter and 112.89% over the last year, significantly outperforming the S&P 500's gains of 3.09% and 17.53%, respectively [7] - The average 20-day trading volume for ATI is 1,333,880 shares, indicating a bullish trend when combined with rising stock prices [8] Earnings Outlook - Recent earnings estimate revisions for ATI show positive momentum, with 2 estimates moving higher for the current fiscal year, raising the consensus estimate from $3.16 to $3.20 [10] - For the next fiscal year, 3 estimates have also increased, with no downward revisions noted [10] Conclusion - Given the strong momentum indicators and positive earnings outlook, ATI is recommended as a stock to consider for near-term investment opportunities [11]

Company Performance - ATI shares have increased by 20.3% over the past month, reaching a new 52-week high of $122.57 [1] - Year-to-date, ATI has gained 4.5%, while the Zacks Aerospace sector and the Zacks Aerospace - Defense Equipment industry have seen gains of 35% and 38.4%, respectively [1] Earnings and Revenue Projections - For the current fiscal year, ATI is expected to report earnings of $3.95 per share on revenues of $4.6 billion, representing a year-over-year change of 23.6% [3] - For the next fiscal year, earnings are projected to be $4.75 per share on revenues of $4.98 billion, indicating an 8.14% year-over-year change [3] Valuation Metrics - ATI has a Value Score of C, a Growth Score of C, and a Momentum Score of A, resulting in a VGM Score of B [6] - The stock trades at 30.3X current fiscal year EPS estimates, below the peer industry average of 35.4X, and at 33.8X on a trailing cash flow basis compared to the peer group's average of 31.4X [7] Zacks Rank - ATI holds a Zacks Rank of 2 (Buy), supported by favorable earnings estimate revisions from analysts [8] - The company meets the criteria for stocks with Zacks Rank of 1 or 2 and Style Scores of A or B, suggesting potential for further gains [8] Industry Comparison - The Aerospace - Defense Equipment industry is positioned in the top 29% of all industries, indicating favorable conditions for ATI and its peers [11] - Moog Inc. (MOG.A), a competitor, also has a Zacks Rank of 2 (Buy) and strong earnings performance, suggesting a competitive landscape [9][10]

Company Performance - ATI's stock closed at $114.76, down 1.21% from the previous session, underperforming the S&P 500's loss of 0.74% [1] - The stock has increased by 17.75% over the past month, outperforming the Aerospace sector's gain of 5.74% and the S&P 500's gain of 0.79% [1] Earnings Estimates - ATI is set to release earnings on February 3, 2026, with projected EPS of $0.89, indicating a 12.66% increase year-over-year [2] - Revenue for the upcoming quarter is estimated at $1.19 billion, reflecting a 1.79% rise from the same quarter last year [2] - Full-year estimates project earnings of $3.2 per share and revenue of $4.6 billion, representing year-over-year changes of +30.08% and +5.54%, respectively [3] Analyst Sentiment - Recent changes to analyst estimates for ATI suggest positive sentiment regarding the company's business operations and profit generation capabilities [4] - The Zacks Rank system, which incorporates estimate changes, currently ranks ATI at 3 (Hold) [6] Valuation Metrics - ATI has a Forward P/E ratio of 36.33, which is lower than the industry's Forward P/E of 39.1, indicating a valuation discount [6] - The company has a PEG ratio of 1.48, compared to the Aerospace - Defense Equipment industry's average PEG ratio of 2.38 [7] Industry Context - The Aerospace - Defense Equipment industry, part of the Aerospace sector, holds a Zacks Industry Rank of 85, placing it in the top 35% of over 250 industries [8]

Core Insights - ATI Inc.'s shares have increased by 43.4% over the past three months, outperforming the Zacks Aerospace-Defense Equipment's 1.5% rise and the S&P 500's approximately 4.7% increase during the same period [1][7]. Group 1: Company Performance - ATI is experiencing strong momentum in the aerospace and defense markets, with increased production rates on major commercial aerospace platforms and rising demand for isothermal forgings leading to higher shipment volumes [3][7]. - The robust aftermarket environment, expanding MRO demand, and increased customer diversification are contributing to higher jet engine revenues, particularly through the GTF engine overhaul program and improving OEM build rates [3][7]. Group 2: Cost Management and Efficiency - The company is focused on reducing costs to maintain long-term profitability, implementing structural transformation initiatives to enhance returns [4]. - Investments in equipment reliability and AI technology are enabling ATI to predict potential issues and proactively address them before they occur [4]. Group 3: Return on Investment - ATI boasts a return on investment (ROI) that significantly exceeds industry levels, indicating efficient capital utilization [5]. - Current capital projects are operational and generating value, with additional plans expected to create a growth opportunity of 15-20% in Hot-Rolling and Processing Facility utilization [5].