Core Insights - Heavy asset, low obsolescence stocks are gaining popularity on Wall Street as investors seek to hedge against AI disruption [2] - The Schwab US Dividend Equity ETF (SCHD) has increased by 16% year-to-date, outperforming the expected annual return of the S&P 500 [2] - HALO stocks, including major players like Exxon-Mobil and Walmart, have shown strong performance, with respective stock increases of 26% and 10% year-to-date [3] Investment Trends - Advisors are shifting focus towards HALO stocks due to their relative cost-effectiveness compared to mega-cap tech stocks [2][3] - ETFs with allocations to HALO stocks have generally performed well, indicating a trend away from mega-cap tech [3] - The American Beacon GLG Natural Resources ETF (MGNR) is up 14% year-to-date, while the VanEck Retail ETF (RTH) has increased by 3.63% [4] Market Analysis - The valuation gap between HALO stocks and mega-cap tech stocks remains significant, suggesting potential for continued investment in HALO stocks [3] - HALO stocks are characterized by high free cash flow yields, decent dividends, and stock buybacks, making them attractive to investors [3] - Concerns about an AI bubble are not seen as the primary reason for the retreat from big-name tech stocks, as their earnings have grown alongside stock prices [3]