Block: Proto Is Not Priced In, Reiterate Top Pick

Group 1 - Block (NYSE: XYZ) has shown signs of recovery after earlier losing investor confidence due to a guidance cut and tariff uncertainties [1] - Management has taken corrective actions to restore faith in the company's growth narrative [1] - The company is now positioned to deliver significant alpha relative to the S&P 500 through a focus on growth-oriented principles and strict valuation criteria [1] Group 2 - The investment strategy emphasizes identifying undervalued companies with strong balance sheets and management teams in sectors with long-term growth potential [1]