Group 1: Pentair - Pentair's growth prospects are bolstered by the potential improvement in its pool products business due to lower interest rates, with an expected increase in new pool construction from 60,000 to a more natural range of 75,000 to 80,000 pools in the coming years [2] - Approximately 50% of Pentair's pool segment sales come from the aftermarket, indicating that recovering new pool construction and servicing of existing pools will lead to mid-single-digit sales growth and margin expansion [2][4] - The company aims to improve its return on sales from 20.8% in 2023 to 24% by 2026 through transformational initiatives, including targeted pricing and lean management techniques [3] Group 2: United Airlines - The airline industry is characterized by its cyclical nature and challenges in generating profits, with the IATA estimating a return on invested capital of 5.7% in 2024 against a WACC of about 9.1% [5] - North America is expected to contribute 14.8billionofthe30.5 billion in industry net profit in 2024, with United Airlines projected to generate 3.1billioninnetprofit[6]−UnitedAirlinesiscurrentlytradingat5.7timesestimated2024earnings,indicatingitmaybeundervaluediftheindustrymaintainsrationalcapacitymanagement[6]Group3:ONSemiconductor−ONSemiconductor′sfocusonindustrialandautomotivemarketshasfacedchallengesduetohighinterestratesaffectingautosalesandinvestmentinelectricvehicles[7][8]−Thecompany′sgrowthpotentialreliesonincreasingcontentsalespervehicleforelectricvehiclesandinvestmentsinEVchargingnetworksandrenewableenergy[8]−ONSemiconductorplanstoinvestupto2 billion in an advanced power semiconductor manufacturing plant in central Europe, positioning itself for future growth as interest rates decline [9]