43 mins. ago
On September 8, 2026, GE Aerospace (NYSE:GE) agreed to buy Consolidated Precision Products (CPP) for $11.75 billion. The acquisition marks the company's largest bet yet on precision engine castings, a constraint that has been capping GE's growth. Trading already at roughly 40x earnings, the company has now attacked one of its genuine bottlenecks through the deal. But has it paid too much to do it?
Castings, including the superalloy and ******* anium hot-section parts inside the jet engines, have constrained GE's engine production, including programs such as LEAP and GEnx, as well as its high-margin aftermarket. Without these castings, the company can neither build nor service its engines. If the acquisition closes, the company will gain access to CPP's 20-plus plants and about 6,600 workers, which are essential for making those components. The deal would therefore enable GE to control the constraint as well as defend its margins. CEO Larry Culp characterized the move as securing manufacturing capacity to meet simultaneous demand across commercial engines, aftermarket services, and defense contracts.
The valuation is where bulls should slow down. GE is paying roughly 18x 2027 EBITDA including synergies (26x without synergies). The sellers are private equity firms Warburg Pincus and Berkshire Partners. They have basically offloaded a cyclical business near the peak of the aerospace cycle. This is smart money selling to GE instead of the other way around. The real tell is that GE felt compelled to buy its way past this capacity bottleneck instead of scaling organically, which reveals how tight its prized aftermarket really was. Also, CPP also supplies other major aerospace and defense companies such as Pratt & Whitney, Honeywell, and Lockheed Martin, and through the vertical tie-up, the company invites antitrust scrutiny before it closes in late 2027.
GE's 40x multiple rests on its high-margin razor-and-blade business model that services a huge installed base. And the casting supply shortages quietly constrain this aftermarket. Hence, more than merely fixing a supply chain issue, the CPP acquisition defends the company's high margin and multiple. Financially, the transaction is accretive to adjusted EPS and free cash flow in the first year, funded through $7 billion in cash alongside newly issued debt. Insider Monkey data shows 113 hedge funds held GE in Q2 2026, down modestly from 119 in Q1, reflecting firm institutional positioning. Short interest is just 1.3% of float, below peers like Honeywell International (1.6%). Almost no one bets against it.
#aftermarket #acquisition #including
Castings, including the superalloy and ******* anium hot-section parts inside the jet engines, have constrained GE's engine production, including programs such as LEAP and GEnx, as well as its high-margin aftermarket. Without these castings, the company can neither build nor service its engines. If the acquisition closes, the company will gain access to CPP's 20-plus plants and about 6,600 workers, which are essential for making those components. The deal would therefore enable GE to control the constraint as well as defend its margins. CEO Larry Culp characterized the move as securing manufacturing capacity to meet simultaneous demand across commercial engines, aftermarket services, and defense contracts.
The valuation is where bulls should slow down. GE is paying roughly 18x 2027 EBITDA including synergies (26x without synergies). The sellers are private equity firms Warburg Pincus and Berkshire Partners. They have basically offloaded a cyclical business near the peak of the aerospace cycle. This is smart money selling to GE instead of the other way around. The real tell is that GE felt compelled to buy its way past this capacity bottleneck instead of scaling organically, which reveals how tight its prized aftermarket really was. Also, CPP also supplies other major aerospace and defense companies such as Pratt & Whitney, Honeywell, and Lockheed Martin, and through the vertical tie-up, the company invites antitrust scrutiny before it closes in late 2027.
GE's 40x multiple rests on its high-margin razor-and-blade business model that services a huge installed base. And the casting supply shortages quietly constrain this aftermarket. Hence, more than merely fixing a supply chain issue, the CPP acquisition defends the company's high margin and multiple. Financially, the transaction is accretive to adjusted EPS and free cash flow in the first year, funded through $7 billion in cash alongside newly issued debt. Insider Monkey data shows 113 hedge funds held GE in Q2 2026, down modestly from 119 in Q1, reflecting firm institutional positioning. Short interest is just 1.3% of float, below peers like Honeywell International (1.6%). Almost no one bets against it.
#aftermarket #acquisition #including
3 hours ago
During a September 8 episode of Mad Money, Jim Cramer examined the broader aerospace ecosystem following GE Aerospace's (NYSE:GE) nearly $12 billion agreement to acquire castings specialist Consolidated Precision Products (CPP). Commenting on the strategic importance of supply chain control and the enduring strength of commercial and defense aviation despite rising oil prices, Cramer stated:
I still believe in the data center, but I also want to open your eyes to other opportunities. This morning, for example, GE Aerospace spent nearly $12 billion to buy a castings company called Consolidated Precision Products to integrate this key segment into its supply chain. It's vital for both commercial aircraft and particularly defense, both of which are booming. Now, on a day where oil's up, you might not want to focus on anything airline related, but travel's been booming the whole time, the whole time the Iranian war's been going on. This acquisition will pay off quickly for GE, making it more likely that they can accelerate production. This is also good news, therefore, for Boeing, a huge customer of GE that needs to boost its production speed.
GE is relatively close to its highs, deservedly so. Boeing? Nowhere near its high. Yet the order book is full. Last week, there was this negative article about how Boeing is being hurt by the problem-filled Spirit AeroSystems acquisition. It made that one two years ago. But that actually had to be done because Boeing, like GE Aerospace, needs to get better control of its supply chain. Aha, you say, who needs that kind of problem? Boeing just reported its slowest deliveries in 4 months. I come back and say, wait a second. First, the problems from the Spirit deal are now behind them. You know what? The story is actually old news.
Plus, CEO Kelly Ortberg has made it clear that orders would be lumpy. I knew that. And look, I know the high price of oil, particularly jet fuel, is bad news for the airlines. But the higher price of fuel also makes these new engines and airplanes far more valuable than before. Why? They're way more energy efficient. It's a good situation that has nothing to do with the data center. It does require more, better tech that AI can help with.
GE Aerospace (NYSE:GE) and The Boeing Company (NYSE:BA) represent two distinct pillars of the aerospace manufacturing ecosystem, operating at massive commercial scale. GE Aerospace reported second-quarter revenue of $13.3 billion, up 21% year-over-year, driven by strong commercial engine services and record internal shop visit output. Its total order backlog extends past $210 billion, supported by sustained airline demand for propulsion systems and aftermarket maintenance.
#boeing #chain #consolidated
I still believe in the data center, but I also want to open your eyes to other opportunities. This morning, for example, GE Aerospace spent nearly $12 billion to buy a castings company called Consolidated Precision Products to integrate this key segment into its supply chain. It's vital for both commercial aircraft and particularly defense, both of which are booming. Now, on a day where oil's up, you might not want to focus on anything airline related, but travel's been booming the whole time, the whole time the Iranian war's been going on. This acquisition will pay off quickly for GE, making it more likely that they can accelerate production. This is also good news, therefore, for Boeing, a huge customer of GE that needs to boost its production speed.
GE is relatively close to its highs, deservedly so. Boeing? Nowhere near its high. Yet the order book is full. Last week, there was this negative article about how Boeing is being hurt by the problem-filled Spirit AeroSystems acquisition. It made that one two years ago. But that actually had to be done because Boeing, like GE Aerospace, needs to get better control of its supply chain. Aha, you say, who needs that kind of problem? Boeing just reported its slowest deliveries in 4 months. I come back and say, wait a second. First, the problems from the Spirit deal are now behind them. You know what? The story is actually old news.
Plus, CEO Kelly Ortberg has made it clear that orders would be lumpy. I knew that. And look, I know the high price of oil, particularly jet fuel, is bad news for the airlines. But the higher price of fuel also makes these new engines and airplanes far more valuable than before. Why? They're way more energy efficient. It's a good situation that has nothing to do with the data center. It does require more, better tech that AI can help with.
GE Aerospace (NYSE:GE) and The Boeing Company (NYSE:BA) represent two distinct pillars of the aerospace manufacturing ecosystem, operating at massive commercial scale. GE Aerospace reported second-quarter revenue of $13.3 billion, up 21% year-over-year, driven by strong commercial engine services and record internal shop visit output. Its total order backlog extends past $210 billion, supported by sustained airline demand for propulsion systems and aftermarket maintenance.
#boeing #chain #consolidated
6 days ago
On August 4, Archrock (NYSE:AROC) posted second-quarter results that told two different stories at once. Revenue slipped to $371.2 million from $383.2 million a year earlier, yet net income climbed to $66.7 million, and earnings per share rose to $0.38. That gap between a shrinking top line and a growing bottom line is the puzzle this quarter leaves investors to sort out.
The clearest bull signal came from a new long-term agreement with an existing strategic customer covering roughly 665,000 horsepower, structured with an eight-year base term and a two-year extension option. That kind of commitment locks in cash flow well into the next decade and reinforces management's multi-year growth capital expenditure guidance of $1.4 billion to $1.6 billion **** ulatively from 2027 through 2030. The core contract operations segment backed that confidence with real numbers. Revenue there rose 3% to $329.3 million, and adjusted gross margin improved to 71% from 70%, with period-end utilization at 94.4%.
The balance sheet also moved in the right direction. Archrock's leverage ratio fell to 2.6x as of June 30, down from 3.3x a year earlier, even after the company redeemed its entire $800 million of 6.250% senior notes due 2028 on April 1. The board kept rewarding shareholders through it all, declaring a quarterly dividend of $0.23 per share, about 10% higher than a year ago, marking the fifth increase in two years, with coverage still comfortable at 3.1x.
The softer parts of this quarter center on aftermarket services and forward guidance. That segment's revenue fell to $42.0 million from $64.8 million, as last year's non-recurring sales of overhauled engines did not repeat and maintenance demand skipped its usual mid-year seasonal **** p. Total operating horsepower also declined to 4.5 million from 4.7 million, partly from the sale of about 165,000 non-strategic units.
On the guidance front, Archrock tightened its full-year adjusted EBITDA range to $865 million to $885 million, down from a prior range of $865 million to $915 million, pointing to lube oil cost pressure, higher make-ready spending to reactivate idle equipment, and increased SG&A tied to stock-based incentive compensation. Adjusted net income actually dipped to $66.5 million and adjusted EPS to $0.38, both slightly below last year's $68.4 million and $0.39. Long-term debt still sits at $2.3 billion, and Archrock did not repurchase any shares during the quarter, leaving $113.2 million of buyback capacity untouched.
#million
The clearest bull signal came from a new long-term agreement with an existing strategic customer covering roughly 665,000 horsepower, structured with an eight-year base term and a two-year extension option. That kind of commitment locks in cash flow well into the next decade and reinforces management's multi-year growth capital expenditure guidance of $1.4 billion to $1.6 billion **** ulatively from 2027 through 2030. The core contract operations segment backed that confidence with real numbers. Revenue there rose 3% to $329.3 million, and adjusted gross margin improved to 71% from 70%, with period-end utilization at 94.4%.
The balance sheet also moved in the right direction. Archrock's leverage ratio fell to 2.6x as of June 30, down from 3.3x a year earlier, even after the company redeemed its entire $800 million of 6.250% senior notes due 2028 on April 1. The board kept rewarding shareholders through it all, declaring a quarterly dividend of $0.23 per share, about 10% higher than a year ago, marking the fifth increase in two years, with coverage still comfortable at 3.1x.
The softer parts of this quarter center on aftermarket services and forward guidance. That segment's revenue fell to $42.0 million from $64.8 million, as last year's non-recurring sales of overhauled engines did not repeat and maintenance demand skipped its usual mid-year seasonal **** p. Total operating horsepower also declined to 4.5 million from 4.7 million, partly from the sale of about 165,000 non-strategic units.
On the guidance front, Archrock tightened its full-year adjusted EBITDA range to $865 million to $885 million, down from a prior range of $865 million to $915 million, pointing to lube oil cost pressure, higher make-ready spending to reactivate idle equipment, and increased SG&A tied to stock-based incentive compensation. Adjusted net income actually dipped to $66.5 million and adjusted EPS to $0.38, both slightly below last year's $68.4 million and $0.39. Long-term debt still sits at $2.3 billion, and Archrock did not repurchase any shares during the quarter, leaving $113.2 million of buyback capacity untouched.
#million
8 days ago
Riverwater Partners, an investment management company, released its 'Small Cap Strategy' Q2 2026 investor letter. The letter can be downloaded here. The Small Cap Strategy underperformed the Russell 2000 in the second quarter as the benchmark experienced one of its strongest risk-on rallies in recent memory, although the strategy remained ahead year-to-date. The quarter was defined by accelerating AI investment, energy market disruptions, and renewed investor appetite for higher-beta stocks, creating headwinds for the firm's quality-focused approach and healthcare positioning. Despite this, stock selection contributed positively in energy, materials, and financials, while healthcare and consumer discretionary detracted due to the fund's disciplined avoidance of speculative businesses. Looking ahead, the firm remains cautiously optimistic, focusing on opportunities created by market dislocations, including AI infrastructure enablers, select consumer companies, healthcare innovators, and energy businesses trading below intrinsic value. The strategy continues to emphasize high-quality companies with strong management teams and attractive valuations, positioning the portfolio for a potential rotation away from speculative market leadership. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, Riverwater Partners Small Cap Strategy highlighted Atmus Filtration Technologies Inc. (NYSE:ATMU). Atmus Filtration Technologies Inc. (NYSE:ATMU), a US-based filtration products manufacturer, known for its Fleetguard brand, detracted from the strategy's performance this quarter. On August 31, 2026, Atmus Filtration Technologies Inc. (NYSE:ATMU) closed at $47.23 per share. Filtration Technologies Inc. (NYSE:ATMU) fell 14.31% over the past month while its shares gained 5.47% over the past 52 weeks. Atmus Filtration Technologies Inc. (NYSE:ATMU) has a market capitalization of $3.85 billion with a 52-week trading range between $42.60 - $66.50.
Riverwater Partners Small Cap Strategy stated the following regarding Atmus Filtration Technologies Inc. (NYSE:ATMU) in its Q2 2026 investor letter:
"Atmus Filtration Technologies Inc. (NYSE:ATMU), the engine filtration business spun out of ******* mins (CMI), fell approximately 10% as readthroughs from the freight market turned mixed, with softer commentary on new truck builds and some margin pressure weighing on sentiment. We continue to like the durable, replacement-driven aftermarket core of the business, but we respected the change in tone and trimmed the position back to a standard weight during the quarter."
#strategy #small #quarter
In its second-quarter 2026 investor letter, Riverwater Partners Small Cap Strategy highlighted Atmus Filtration Technologies Inc. (NYSE:ATMU). Atmus Filtration Technologies Inc. (NYSE:ATMU), a US-based filtration products manufacturer, known for its Fleetguard brand, detracted from the strategy's performance this quarter. On August 31, 2026, Atmus Filtration Technologies Inc. (NYSE:ATMU) closed at $47.23 per share. Filtration Technologies Inc. (NYSE:ATMU) fell 14.31% over the past month while its shares gained 5.47% over the past 52 weeks. Atmus Filtration Technologies Inc. (NYSE:ATMU) has a market capitalization of $3.85 billion with a 52-week trading range between $42.60 - $66.50.
Riverwater Partners Small Cap Strategy stated the following regarding Atmus Filtration Technologies Inc. (NYSE:ATMU) in its Q2 2026 investor letter:
"Atmus Filtration Technologies Inc. (NYSE:ATMU), the engine filtration business spun out of ******* mins (CMI), fell approximately 10% as readthroughs from the freight market turned mixed, with softer commentary on new truck builds and some margin pressure weighing on sentiment. We continue to like the durable, replacement-driven aftermarket core of the business, but we respected the change in tone and trimmed the position back to a standard weight during the quarter."
#strategy #small #quarter
9 days ago
MD Sass, a boutique ****** et management firm, published its second-quarter investor update for its flagship, the "MD Sass Concentrated Value Strategy." The letter can be downloaded here. In the first half of 2026, AI infrastructure stocks led the market, with the Russell 1000 Value increasing by 16.3%, outpacing the S&P 500 (10.2%) and Russell 1000 Growth (5.3%). This growth was fueled by semiconductor, memory, and hardware companies benefiting from AI development, even though they are considered cyclical. These sectors, representing only 7.7% of the Russell 1000 Value at the start of the year, contributed nearly 70% of its returns. The portfolio gained 10.0% in the second quarter, net of fees, compared to 13.9% for the Russell 1000 Value Index. Year-to-date, the strategy returned 6.6%, net of fees, versus 16.3% for the Index. The portfolio faced challenges due to limited exposure to companies with the greatest upside from AI infrastructure investments. It also lacked exposure to the Energy sector, which returned about 20% in the first half amid geopolitical tensions with Iran that increased commodity prices, affecting performance. The firm recognizes the importance of adapting its strategies while maintaining core investment principles as it explores future opportunities in emerging technological themes. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, MD Sass Concentrated Value Strategy highlighted Flowserve Corporation (NYSE:FLS). Flowserve Corporation (NYSE:FLS) is an industrial company that focuses on industrial flow management equipment. On August 28, 2026, Flowserve Corporation (NYSE:FLS) closed at $80.33 per share. The one-month return of Flowserve Corporation (NYSE:FLS) was 4.95%, and its shares gained 49.70% over the past 52 weeks. Flowserve Corporation (NYSE:FLS) has a market capitalization of $10.21 billion.
MD Sass Concentrated Value Strategy stated the following regarding Flowserve Corporation (NYSE:FLS) in its Q2 2026 investor letter:
"We initiated a position in Flowserve Corporation (NYSE:FLS), a global leader in pumps, valves, seals, and other flow control equipment used across energy, power generation, chemicals, water, and general industrial markets. The company operates through its Pumps and Flow Control divisions and benefits from a large installed base that generates recurring, high-margin aftermarket revenue. Over the past several years, management has materially improved the quality of the business through more selective bidding, portfolio rationalization, and its 80/20 operating framework. Adjusted operating margins reached 14.8% in 2025, up 300 bps from the prior year, and management is targeting approximately 20% by 2030.
While continued margin expansion and aftermarket growth support the investment case, the crux of our thesis is nuclear power. FLS is one of the leading suppliers of highly engineered pumps and valves used in nuclear reactors. These
In its second-quarter 2026 investor letter, MD Sass Concentrated Value Strategy highlighted Flowserve Corporation (NYSE:FLS). Flowserve Corporation (NYSE:FLS) is an industrial company that focuses on industrial flow management equipment. On August 28, 2026, Flowserve Corporation (NYSE:FLS) closed at $80.33 per share. The one-month return of Flowserve Corporation (NYSE:FLS) was 4.95%, and its shares gained 49.70% over the past 52 weeks. Flowserve Corporation (NYSE:FLS) has a market capitalization of $10.21 billion.
MD Sass Concentrated Value Strategy stated the following regarding Flowserve Corporation (NYSE:FLS) in its Q2 2026 investor letter:
"We initiated a position in Flowserve Corporation (NYSE:FLS), a global leader in pumps, valves, seals, and other flow control equipment used across energy, power generation, chemicals, water, and general industrial markets. The company operates through its Pumps and Flow Control divisions and benefits from a large installed base that generates recurring, high-margin aftermarket revenue. Over the past several years, management has materially improved the quality of the business through more selective bidding, portfolio rationalization, and its 80/20 operating framework. Adjusted operating margins reached 14.8% in 2025, up 300 bps from the prior year, and management is targeting approximately 20% by 2030.
While continued margin expansion and aftermarket growth support the investment case, the crux of our thesis is nuclear power. FLS is one of the leading suppliers of highly engineered pumps and valves used in nuclear reactors. These
10 days ago
Riverwater Partners, an investment management company, released its 'Small Cap Strategy' Q2 2026 investor letter. The letter can be downloaded here. The Small Cap Strategy underperformed the Russell 2000 in the second quarter as the benchmark experienced one of its strongest risk-on rallies in recent memory, although the strategy remained ahead year-to-date. The quarter was defined by accelerating AI investment, energy market disruptions, and renewed investor appetite for higher-beta stocks, creating headwinds for the firm's quality-focused approach and healthcare positioning. Despite this, stock selection contributed positively in energy, materials, and financials, while healthcare and consumer discretionary detracted due to the fund's disciplined avoidance of speculative businesses. Looking ahead, the firm remains cautiously optimistic, focusing on opportunities created by market dislocations, including AI infrastructure enablers, select consumer companies, healthcare innovators, and energy businesses trading below intrinsic value. The strategy continues to emphasize high-quality companies with strong management teams and attractive valuations, positioning the portfolio for a potential rotation away from speculative market leadership. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, Riverwater Partners Small Cap Strategy highlighted Atmus Filtration Technologies Inc. (NYSE:ATMU). Atmus Filtration Technologies Inc. (NYSE:ATMU), a US-based filtration products manufacturer, known for its Fleetguard brand, detracted from the strategy's performance this quarter. On August 31, 2026, Atmus Filtration Technologies Inc. (NYSE:ATMU) closed at $47.23 per share. Filtration Technologies Inc. (NYSE:ATMU) fell 14.31% over the past month while its shares gained 5.47% over the past 52 weeks. Atmus Filtration Technologies Inc. (NYSE:ATMU) has a market capitalization of $3.85 billion with a 52-week trading range between $42.60 - $66.50.
Riverwater Partners Small Cap Strategy stated the following regarding Atmus Filtration Technologies Inc. (NYSE:ATMU) in its Q2 2026 investor letter:
"Atmus Filtration Technologies Inc. (NYSE:ATMU), the engine filtration business spun out of ****** mins (CMI), fell approximately 10% as readthroughs from the freight market turned mixed, with softer commentary on new truck builds and some margin pressure weighing on sentiment. We continue to like the durable, replacement-driven aftermarket core of the business, but we respected the change in tone and trimmed the position back to a standard weight during the quarter."
#NYSE #strategy #small
In its second-quarter 2026 investor letter, Riverwater Partners Small Cap Strategy highlighted Atmus Filtration Technologies Inc. (NYSE:ATMU). Atmus Filtration Technologies Inc. (NYSE:ATMU), a US-based filtration products manufacturer, known for its Fleetguard brand, detracted from the strategy's performance this quarter. On August 31, 2026, Atmus Filtration Technologies Inc. (NYSE:ATMU) closed at $47.23 per share. Filtration Technologies Inc. (NYSE:ATMU) fell 14.31% over the past month while its shares gained 5.47% over the past 52 weeks. Atmus Filtration Technologies Inc. (NYSE:ATMU) has a market capitalization of $3.85 billion with a 52-week trading range between $42.60 - $66.50.
Riverwater Partners Small Cap Strategy stated the following regarding Atmus Filtration Technologies Inc. (NYSE:ATMU) in its Q2 2026 investor letter:
"Atmus Filtration Technologies Inc. (NYSE:ATMU), the engine filtration business spun out of ****** mins (CMI), fell approximately 10% as readthroughs from the freight market turned mixed, with softer commentary on new truck builds and some margin pressure weighing on sentiment. We continue to like the durable, replacement-driven aftermarket core of the business, but we respected the change in tone and trimmed the position back to a standard weight during the quarter."
#NYSE #strategy #small
18 days ago
Metso has agreed to acquire Valmet's peristaltic hose pump and progressive cavity pump technologies, along with related aftermarket spare parts and service capabilities.
The deal is aimed at enhancing Metso's portfolio of slurry handling solutions for mining and industrial sectors.
Metso and Valmet did not disclose the value of the transaction, which is expected to close on 1 October 2026.
The acquired business, currently marketed under the Flowrox brand, covers pump technologies designed for demanding process conditions.
These pumps are used in applications such as transferring and dosing abrasive, corrosive, viscous and crystallising slurries, tasks common in the mining industry.
#technologies #mining #october #peristaltic
The deal is aimed at enhancing Metso's portfolio of slurry handling solutions for mining and industrial sectors.
Metso and Valmet did not disclose the value of the transaction, which is expected to close on 1 October 2026.
The acquired business, currently marketed under the Flowrox brand, covers pump technologies designed for demanding process conditions.
These pumps are used in applications such as transferring and dosing abrasive, corrosive, viscous and crystallising slurries, tasks common in the mining industry.
#technologies #mining #october #peristaltic
21 days ago
With a market cap of $27.3 billion, Dover Corporation (DOV) is a diversified global manufacturer and solutions provider, delivering innovative equipment, components, consumables, aftermarket solutions, software, and digital services across five operating segments. With approximately 24,000 employees and more than 70 years of entrepreneurial expertise, Dover combines global scale with operational agility to drive innovation and create value for customers worldwide.
Shares of the Downers Grove, Illinois-based company have lagged behind the broader market over the past 52 weeks. DOV stock has increased 14.6% over this time frame, while the broader S&P 500 Index ($SPX) has returned 19.3%. Moreover, shares of the company are up 4% on a YTD basis, compared to SPX's 12.4% gain.
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#shares
Shares of the Downers Grove, Illinois-based company have lagged behind the broader market over the past 52 weeks. DOV stock has increased 14.6% over this time frame, while the broader S&P 500 Index ($SPX) has returned 19.3%. Moreover, shares of the company are up 4% on a YTD basis, compared to SPX's 12.4% gain.
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QQQ Just 'Gamma Flipped' as Market Makers Were Forced to Sell. Here's What Our Top Chart Expert is Tracking Next.
#shares
22 days ago
With a market cap of $27.3 billion, Dover Corporation (DOV) is a diversified global manufacturer and solutions provider, delivering innovative equipment, components, consumables, aftermarket solutions, software, and digital services across five operating segments. With approximately 24,000 employees and more than 70 years of entrepreneurial expertise, Dover combines global scale with operational agility to drive innovation and create value for customers worldwide.
Shares of the Downers Grove, Illinois-based company have lagged behind the broader market over the past 52 weeks. DOV stock has increased 14.6% over this time frame, while the broader S&P 500 Index ($SPX) has returned 19.3%. Moreover, shares of the company are up 4% on a YTD basis, compared to SPX's 12.4% gain.
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QQQ Just 'Gamma Flipped' as Market Makers Were Forced to Sell. Here's What Our Top Chart Expert is Tracking Next.
#years #shares #company
Shares of the Downers Grove, Illinois-based company have lagged behind the broader market over the past 52 weeks. DOV stock has increased 14.6% over this time frame, while the broader S&P 500 Index ($SPX) has returned 19.3%. Moreover, shares of the company are up 4% on a YTD basis, compared to SPX's 12.4% gain.
Barron Trump, 20, Now Worth $150 Million — More Than Mom, Melania — From Crypto And $39 Energy Drink
Billionaire Michael Saylor Warns Against Buying a House Because 'Every 36 Years You Actually Pay the Cost of the House in Tax to the Government'
QQQ Just 'Gamma Flipped' as Market Makers Were Forced to Sell. Here's What Our Top Chart Expert is Tracking Next.
#years #shares #company
22 days ago
Crossroads Capital LLC, an investment management firm, published its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The Fund increased by 11.5% net of fees and expenses during the quarter. Since its founding, the fund has compounded at a net rate of 17.9%. By the end of June 2026, the fund's overall non-delta-adjusted gross and net exposures were 115.0% and 86.9%, respectively. In Q2, the S&P 500 rebounded 14.9%, its best since 2020, as market uncertainty eased. The oil market showed a transition, with Brent crude prices fluctuating. AI and semiconductors thrived, with 25% earnings growth. The quarter underscored a key principle: risk is priced continuously but resolved discontinuously. Small-cap benchmarks hit new highs, though the Magnificent 7 saw modest gains. In Q2, market activity focused on adjustments rather than facts, capitalizing on high option premiums. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Crossroads Capital highlighted FTAI Aviation Ltd. (NASDAQ:FTAI). FTAI Aviation Ltd. (NASDAQ:FTAI) is an aviation company that owns, acquires, and sells aviation equipment. On August 19, 2026, FTAI Aviation Ltd. (NASDAQ:FTAI) closed at $210.91 per share, reflecting a market capitalization of $21.66 billion. FTAI Aviation Ltd. (NASDAQ:FTAI) posted a one‑month return of -6.95%, while its shares gained 38.10% over the past 52 weeks.
Crossroads Capital stated the following regarding FTAI Aviation Ltd. (NASDAQ:FTAI) in its Q2 2026 investor letter:
"FTAI Aviation Ltd. (NASDAQ:FTAI) entered the book eighteen months ago as a special situation, as a short seller campaign had marked the stock into the low $80s. However, it has since graduated to "emerging compounder." Today. FTAI is the leading independent MRO franchise for the CFM56, the most widely-flown engine on earth. It runs a vertically-integrated platform that manufactures "green time" (remaining usable life) by tearing down older engines and rebuilding them with proprietary PMA parts and used serviceable material into modules that swap in days rather than months. In a supply-constrained aftermarket, that speed can be the difference between an airline flying or remaining idle. FTAI captures the demand for that speed with high-margin Aerospace Products revenue layered on top of leasing, with the whole model migrating towards capital-light through its Strategic Capital vehicles.
The first quarter, reported in late April, showed the 2026 guidance of $1.625B in segment EBITDA was table stakes: Adjusted EBITDA came in at $325.6M and Aerospace Products revenue more than doubled with segment EBITDA up 70%. And 270 CFM56 modules were refurbished, up 96% year-over-year. The second quarter, reported late July, saw the Aviation Leasing segment guidance cut from $575M to $475M as part of the company's shift toward a more ***** et-light business model. With the Aerospace Products segment holdin
In its Q2 2026 investor letter, Crossroads Capital highlighted FTAI Aviation Ltd. (NASDAQ:FTAI). FTAI Aviation Ltd. (NASDAQ:FTAI) is an aviation company that owns, acquires, and sells aviation equipment. On August 19, 2026, FTAI Aviation Ltd. (NASDAQ:FTAI) closed at $210.91 per share, reflecting a market capitalization of $21.66 billion. FTAI Aviation Ltd. (NASDAQ:FTAI) posted a one‑month return of -6.95%, while its shares gained 38.10% over the past 52 weeks.
Crossroads Capital stated the following regarding FTAI Aviation Ltd. (NASDAQ:FTAI) in its Q2 2026 investor letter:
"FTAI Aviation Ltd. (NASDAQ:FTAI) entered the book eighteen months ago as a special situation, as a short seller campaign had marked the stock into the low $80s. However, it has since graduated to "emerging compounder." Today. FTAI is the leading independent MRO franchise for the CFM56, the most widely-flown engine on earth. It runs a vertically-integrated platform that manufactures "green time" (remaining usable life) by tearing down older engines and rebuilding them with proprietary PMA parts and used serviceable material into modules that swap in days rather than months. In a supply-constrained aftermarket, that speed can be the difference between an airline flying or remaining idle. FTAI captures the demand for that speed with high-margin Aerospace Products revenue layered on top of leasing, with the whole model migrating towards capital-light through its Strategic Capital vehicles.
The first quarter, reported in late April, showed the 2026 guidance of $1.625B in segment EBITDA was table stakes: Adjusted EBITDA came in at $325.6M and Aerospace Products revenue more than doubled with segment EBITDA up 70%. And 270 CFM56 modules were refurbished, up 96% year-over-year. The second quarter, reported late July, saw the Aviation Leasing segment guidance cut from $575M to $475M as part of the company's shift toward a more ***** et-light business model. With the Aerospace Products segment holdin
1 month ago
During the August 6 episode of Mad Money, a caller asked host Jim Cramer about Honeywell Aerospace Inc. (NASDAQ:HONA) following a steep, near 28% collapse in the stock between August 4 and August 6. Cramer revealed that the Charitable Trust immediately unloaded the position at the opening bell. He stated:
It really hurt us. Both Phil LeBeau and I were stunned. Phil said three times that they could've told us that things were bad. I called the management, and I said, management called me back, and said, look, I said, listen, I think it's a very suboptimal situation.
I really don't like the situation. I think that the company should have been much more forthcoming. I think it was a rookie mistake. We sold the stock at the opening for the Charitable Trust. It is a great company, but man, they are not ready for prime time, and it was very disappointing.
The sudden plunge caught institutional investors and **** ysts off guard, landing the newly minted standalone company in Wall Street's penalty box. Honeywell Aerospace Inc. (NASDAQ:HONA) watched its shares implode after management slashed its full-year outlook following the second-quarter results.
The core catalyst behind the selloff was a severe downgrade to the corporate financial roadmap. Management aligned full-year forecasts with supply-chain capabilities, scaling back expectations across some major financial metrics. Organic growth guidance was reduced to a range of 4% to 5%, compared to previous guidance of 7% to 9%. Pro forma standalone adjusted EBIT was lowered to a range of $4.35 billion to $4.45 billion, down from earlier projections of $4.65 billion to $4.75 billion. In addition, year-over-year adjusted EBIT growth was revised to a range of flat to 3%, down from prior guidance of 7% to 10%. Persistent supply-chain constraints forced the company to prioritize original equipment manufacturer deliveries to major planemakers like Boeing and Airbus. As a result, production was diverted away from higher-revenue, higher-margin aftermarket operations, squeezing profitability right out of the gate as an independent entity.
#management #guidance #range #cramer
It really hurt us. Both Phil LeBeau and I were stunned. Phil said three times that they could've told us that things were bad. I called the management, and I said, management called me back, and said, look, I said, listen, I think it's a very suboptimal situation.
I really don't like the situation. I think that the company should have been much more forthcoming. I think it was a rookie mistake. We sold the stock at the opening for the Charitable Trust. It is a great company, but man, they are not ready for prime time, and it was very disappointing.
The sudden plunge caught institutional investors and **** ysts off guard, landing the newly minted standalone company in Wall Street's penalty box. Honeywell Aerospace Inc. (NASDAQ:HONA) watched its shares implode after management slashed its full-year outlook following the second-quarter results.
The core catalyst behind the selloff was a severe downgrade to the corporate financial roadmap. Management aligned full-year forecasts with supply-chain capabilities, scaling back expectations across some major financial metrics. Organic growth guidance was reduced to a range of 4% to 5%, compared to previous guidance of 7% to 9%. Pro forma standalone adjusted EBIT was lowered to a range of $4.35 billion to $4.45 billion, down from earlier projections of $4.65 billion to $4.75 billion. In addition, year-over-year adjusted EBIT growth was revised to a range of flat to 3%, down from prior guidance of 7% to 10%. Persistent supply-chain constraints forced the company to prioritize original equipment manufacturer deliveries to major planemakers like Boeing and Airbus. As a result, production was diverted away from higher-revenue, higher-margin aftermarket operations, squeezing profitability right out of the gate as an independent entity.
#management #guidance #range #cramer
1 month ago
Our ******* ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Successfully transitioned to a pure-play precision manufacturing business by exiting the wind tower market to focus on high-margin domestic power generation and critical infrastructure.
Positioned to capitalize on a multiyear investment cycle in the electrical grid driven by AI data center load growth, domestic manufacturing reshoring, and general electrification.
Achieved record orders and backlog in Industrial Solutions, supported by robust demand for natural gas turbine components in both new build and aftermarket applications.
Optimized the ******* et base through floor ******* e reconfiguration in Gearing and a 30% facility expansion in North Carolina to enhance throughput velocity and operational efficiency.
#Manufacturing #optimized
Successfully transitioned to a pure-play precision manufacturing business by exiting the wind tower market to focus on high-margin domestic power generation and critical infrastructure.
Positioned to capitalize on a multiyear investment cycle in the electrical grid driven by AI data center load growth, domestic manufacturing reshoring, and general electrification.
Achieved record orders and backlog in Industrial Solutions, supported by robust demand for natural gas turbine components in both new build and aftermarket applications.
Optimized the ******* et base through floor ******* e reconfiguration in Gearing and a 30% facility expansion in North Carolina to enhance throughput velocity and operational efficiency.
#Manufacturing #optimized
1 month ago
Our ****** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Management decided to exit the Deutsche Bahn and Network Rail ETO contracts to significantly derisk the company and improve the go-forward cash flow profile.
Harsco Environmental growth was driven by modest steel market improvements and internal cost discipline, despite volume headwinds in Northern Europe and China.
Rail performance benefited from a strategic shift toward aftermarket opportunities, which saw double-digit growth while original equipment demand remains at multi-decade lows.
The company implemented a value creation playbook focused on business efficiency, including closing the Ludington, Michigan manufacturing facility and rightsizing European operations.
#NVIDIA #tell #bahn
Management decided to exit the Deutsche Bahn and Network Rail ETO contracts to significantly derisk the company and improve the go-forward cash flow profile.
Harsco Environmental growth was driven by modest steel market improvements and internal cost discipline, despite volume headwinds in Northern Europe and China.
Rail performance benefited from a strategic shift toward aftermarket opportunities, which saw double-digit growth while original equipment demand remains at multi-decade lows.
The company implemented a value creation playbook focused on business efficiency, including closing the Ludington, Michigan manufacturing facility and rightsizing European operations.
#NVIDIA #tell #bahn
1 month ago
Our ****** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Achieved record quarterly sales of $528 million, a 16.4% increase driven by the Koch Filter acquisition and strong Power Solutions performance.
Successfully exited more than 95% of transition services agreements (TSAs) for Koch Filter, with full integration expected by the third quarter.
Observed a cyclical recovery in first-fit markets starting in late Q2, with Atmus seeing demand upticks 4 to 6 weeks ahead of vehicle OEM builds.
Maintained a flat outlook for the global aftermarket as stronger sentiment in the U.S. and Mexico is offset by subdued conditions in Europe, the Middle East, and Asia Pacific.
#filter #observed
Achieved record quarterly sales of $528 million, a 16.4% increase driven by the Koch Filter acquisition and strong Power Solutions performance.
Successfully exited more than 95% of transition services agreements (TSAs) for Koch Filter, with full integration expected by the third quarter.
Observed a cyclical recovery in first-fit markets starting in late Q2, with Atmus seeing demand upticks 4 to 6 weeks ahead of vehicle OEM builds.
Maintained a flat outlook for the global aftermarket as stronger sentiment in the U.S. and Mexico is offset by subdued conditions in Europe, the Middle East, and Asia Pacific.
#filter #observed
2 months ago
Our ******* ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Americas organic growth was driven by broad-based strength in core institutional markets and a cyclical recovery in commercial verticals like office and multifamily.
The company is benefiting from a secular shift in higher education as campuses transition from mechanical keys to contactless mobile credentials, triggering large-scale hardware upgrades.
Data center demand is emerging as a high-growth vertical, now approaching 5% of non-residential business, which management expects will fuel a significant future aftermarket installed base.
International segment performance was hampered by deteriorating macroeconomic conditions in Germany, leading to a downward revision of the full-year organic outlook for that region.
#NVIDIA #americas #data #analysts
Americas organic growth was driven by broad-based strength in core institutional markets and a cyclical recovery in commercial verticals like office and multifamily.
The company is benefiting from a secular shift in higher education as campuses transition from mechanical keys to contactless mobile credentials, triggering large-scale hardware upgrades.
Data center demand is emerging as a high-growth vertical, now approaching 5% of non-residential business, which management expects will fuel a significant future aftermarket installed base.
International segment performance was hampered by deteriorating macroeconomic conditions in Germany, leading to a downward revision of the full-year organic outlook for that region.
#NVIDIA #americas #data #analysts
2 months ago
Icahn Enterprises on Tuesday announced that the company reached a deal to sell Pep Boys to Mavis, one of the largest independent tire and service providers in the country, in a $700 million deal.
Pep Boys has nearly 800 locations around the country and offers auto services including tires, repairs, oil changes and maintenance.
The deal will expand Mavis' presence in new and existing markets, particularly in the western U.S., where Pep Boys has a significant presence, and will increase Mavis's network to over 4,400 service centers around the U.S. and Canada.
Millions Of Car Owners Are Delaying Maintenance Repairs As Costs Rise
"Today's announcement marks a significant milestone as Mavis continues to execute its growth strategy. Pep Boys is one of the most well-respected names in the automotive aftermarket, and we look forward to welcoming it into the Mavis family of brands," said Mavis co-CEO David Sorbaro.
#repairs #maintenance #country #around
Pep Boys has nearly 800 locations around the country and offers auto services including tires, repairs, oil changes and maintenance.
The deal will expand Mavis' presence in new and existing markets, particularly in the western U.S., where Pep Boys has a significant presence, and will increase Mavis's network to over 4,400 service centers around the U.S. and Canada.
Millions Of Car Owners Are Delaying Maintenance Repairs As Costs Rise
"Today's announcement marks a significant milestone as Mavis continues to execute its growth strategy. Pep Boys is one of the most well-respected names in the automotive aftermarket, and we look forward to welcoming it into the Mavis family of brands," said Mavis co-CEO David Sorbaro.
#repairs #maintenance #country #around
2 months ago
Dana Inc. (NYSE:DAN) is one of the 8 Most Undervalued Growth Stocks to Buy for the Next 10 Years. On July 7, Deutsche Bank lowered its price target on Dana Inc. (NYSE:DAN) to $39 from $40 and maintained a Buy rating on the stock. Based on the revised price target, there is a 53% upside from current levels. This upside is lower than the median Wall Street ***** ysts' upside of 61% based on 10 ***** ysts' estimates.
In our previous coverage of the stock, we mentioned the company's acquisition of Eaton's Mobility Group. This acquisition was believed to enhance Dana's long-term business profile through higher margins, increased aftermarket exposure, and greater scale. On June 10, both companies entered into definitive agreements for a Reverse Morris Trust transaction. As part of the transaction, Eaton will transfer its Vehicle and eMobility business into the newly created SpinCo before it merges with Dana. A Separation and Distribution Agreement will govern this transfer. Additionally, a Dana subsidiary will also acquire Royal Precision Holding Corp. from Eaton, adding further ***** ets to the combined company.
Dana and SpinCo secured a $2.6 billion short-term bridge loan commitment from Goldman Sachs to help fund the transaction. The financing will be used to support an approximately $1.1 billion cash payment to Eaton and to refinance certain existing Dana debt. However, the transaction is still subject to several conditions, including DAN shareholder approval and multiple regulatory clearances.
Dana Inc. (NYSE:DAN), together with its subsidiaries, provides power-conveyance and energy-management solutions for on-highway vehicles. The company also provides sealing solutions such as gaskets, seals, cam covers, and oil pan modules. It was founded in 1904 and is headquartered in Maumee, Ohio.
While we acknowledge the potential of DAN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
In our previous coverage of the stock, we mentioned the company's acquisition of Eaton's Mobility Group. This acquisition was believed to enhance Dana's long-term business profile through higher margins, increased aftermarket exposure, and greater scale. On June 10, both companies entered into definitive agreements for a Reverse Morris Trust transaction. As part of the transaction, Eaton will transfer its Vehicle and eMobility business into the newly created SpinCo before it merges with Dana. A Separation and Distribution Agreement will govern this transfer. Additionally, a Dana subsidiary will also acquire Royal Precision Holding Corp. from Eaton, adding further ***** ets to the combined company.
Dana and SpinCo secured a $2.6 billion short-term bridge loan commitment from Goldman Sachs to help fund the transaction. The financing will be used to support an approximately $1.1 billion cash payment to Eaton and to refinance certain existing Dana debt. However, the transaction is still subject to several conditions, including DAN shareholder approval and multiple regulatory clearances.
Dana Inc. (NYSE:DAN), together with its subsidiaries, provides power-conveyance and energy-management solutions for on-highway vehicles. The company also provides sealing solutions such as gaskets, seals, cam covers, and oil pan modules. It was founded in 1904 and is headquartered in Maumee, Ohio.
While we acknowledge the potential of DAN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
2 months ago
Loar Holdings Inc (NYSE:LOAR) is one of billionaire David Abrams' top stock picks with upside potential. The stock makes up nearly 40% of the billionaire's portfolio. Some 25 hedge funds have positions in Loar Holdings. In the past month, Loar shares have gained more than 27% and still have upside potential.
rommma/Shutterstock.com
On June 25, Citi raised its price target on Loar Holdings Inc (NYSE:LOAR) shares to $87 from $71 while keeping a Buy rating on the stock. Additionally, the brokerage has placed what it calls an "upside 90-day catalyst watch" on Loar ahead of the company's Q2 2026 report.
Citi believes that improving commercial and defense aftermarket conditions will drive valuation upside in Loar shares. According to the firm, Loar remains the only aftermarket stock that is still trading at a large discount to its historical valuation range.
Loar had a strong start to 2026, with Q1 net sales soaring 36% YoY to $156.1 million and adjusted EPS rising 21.4% to $0.34. These solid results led the management to raise the full-year 2026 outlook.
rommma/Shutterstock.com
On June 25, Citi raised its price target on Loar Holdings Inc (NYSE:LOAR) shares to $87 from $71 while keeping a Buy rating on the stock. Additionally, the brokerage has placed what it calls an "upside 90-day catalyst watch" on Loar ahead of the company's Q2 2026 report.
Citi believes that improving commercial and defense aftermarket conditions will drive valuation upside in Loar shares. According to the firm, Loar remains the only aftermarket stock that is still trading at a large discount to its historical valuation range.
Loar had a strong start to 2026, with Q1 net sales soaring 36% YoY to $156.1 million and adjusted EPS rising 21.4% to $0.34. These solid results led the management to raise the full-year 2026 outlook.
2 months ago
Westinghouse Air Brake Technologies Corporation (NYSE:WAB) is one of the Best Railroad Stocks to Invest In According to Billionaires. As of Q1 2026, 20 billionaires held the stock. On July 8, Stephens resumed coverage of Wabtec with an Overweight rating and a $320 price target. The firm said the transport cycle was broadly improving and saw more fundamental upside than downside, with momentum potentially carrying into 2027. Stephens also said rising earnings could continue to command historically elevated valuation multiples.
A long freight train moving across the landscape, full of cargo transported by the company.
Wabtec's business gives it exposure to both new rail equipment and the aftermarket. According to its 2025 annual report, the company has an installed base of nearly 24,600 locomotives. Wabtec said this base creates aftermarket opportunities in replacement parts, technology upgrades, maintenance, overhauls, and modernization work. The company also noted that customers often look to original equipment suppliers for safety- and performance-related parts and upgrades. This gives Wabtec a revenue base tied not only to new locomotive deliveries but also to equipment already operating across global rail networks.
Westinghouse Air Brake Technologies Corporation (NYSE:WAB), commonly known as Wabtec, provides equipment, systems, digital solutions, and value-added services for freight rail, transit rail, mining, marine, and industrial markets.
While we acknowledge the potential of WAB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
A long freight train moving across the landscape, full of cargo transported by the company.
Wabtec's business gives it exposure to both new rail equipment and the aftermarket. According to its 2025 annual report, the company has an installed base of nearly 24,600 locomotives. Wabtec said this base creates aftermarket opportunities in replacement parts, technology upgrades, maintenance, overhauls, and modernization work. The company also noted that customers often look to original equipment suppliers for safety- and performance-related parts and upgrades. This gives Wabtec a revenue base tied not only to new locomotive deliveries but also to equipment already operating across global rail networks.
Westinghouse Air Brake Technologies Corporation (NYSE:WAB), commonly known as Wabtec, provides equipment, systems, digital solutions, and value-added services for freight rail, transit rail, mining, marine, and industrial markets.
While we acknowledge the potential of WAB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
2 months ago
Artisan Partners, an investment management firm, issued its first-quarter 2026 investor letter for the "Artisan Mid Cap Value Fund". A copy of this letter is available for download here. In Q1 2026, the portfolio underperformed the benchmark Russell Midcap Value Index as the market favored momentum-driven stocks over quality factors. Some holdings faced company-specific setbacks and negative sentiment. The Fund's Investor Class: ARTQX returned -4.93%, Advisor Class: APDQX declined by -4.90%, and Institutional Class: APHQX fell by -4.97%, all trailing the Index's 3.68% gain. The equity market in the quarter was mixed, with mid- and small-cap indices showing resilience despite lagging large-cap growth stocks. Volatility increased, initially fueled by interest in AI and private credit, but escalated after the outbreak of war in Iran, leading to rising oil prices. Sector performance varied, with energy leading the gains. The Fund continues to seek companies capable of value growth during market dislocations at attractive entry points. Also, review the Fund's top five holdings to see its best picks for 2026.
In its first-quarter 2026 investor letter, Artisan Mid Cap Value Fund highlighted NOV Inc. (NYSE:NOV) as one of its leading contributors. NOV Inc. (NYSE:NOV) is a leading provider of equipment, technology, and expertise to the oil and gas industry. On July 7, 2026, NOV Inc. (NYSE:NOV) closed at $18.28 per share. One-month return of NOV Inc. (NYSE:NOV) was -13.28%, and its shares gained 36.21% over the past 52 weeks. NOV Inc. (NYSE:NOV) has a market capitalization of $6.56 billion.
Artisan Mid Cap Value Fund stated the following regarding NOV Inc. (NYSE:NOV) in its Q1 2026 investor letter:
"Our energy holdings were well represented among our top contributors, benefiting from higher energy prices. Permian Resources (PR), an independent oil and gas company, and NOV, the largest manufacturer of oilfield equipment, led the way. NOV Inc. (NYSE:NOV) ended 2025 on a solid note, with Q4 revenue up nearly 5% sequentially and earnings beating expectations, helped by strong execution, backlog conversion and market share gains even as broader global activity remained soft. NOV's energy equipment segment has been a bright spot, benefiting from stronger offshore demand and a growing backlog that supports future activity. Cash flow generation has remained solid, allowing NOV to continue returning capital to shareholders. The Middle East conflict is creating near term headwinds for NOV through logistical and supply-chain disruptions, weaker aftermarket demand and softer customer ordering activity across the region. Thankfully, the company has reported no personnel injuries or facility damage, and its Saudi rig-building and composite pipe facilities remain operational. The disruption is likely to impact near-term results, but the longer term outlook remains intact, in our view, supported by NOV's diversified global footprint and a still-constructive offshore bac
In its first-quarter 2026 investor letter, Artisan Mid Cap Value Fund highlighted NOV Inc. (NYSE:NOV) as one of its leading contributors. NOV Inc. (NYSE:NOV) is a leading provider of equipment, technology, and expertise to the oil and gas industry. On July 7, 2026, NOV Inc. (NYSE:NOV) closed at $18.28 per share. One-month return of NOV Inc. (NYSE:NOV) was -13.28%, and its shares gained 36.21% over the past 52 weeks. NOV Inc. (NYSE:NOV) has a market capitalization of $6.56 billion.
Artisan Mid Cap Value Fund stated the following regarding NOV Inc. (NYSE:NOV) in its Q1 2026 investor letter:
"Our energy holdings were well represented among our top contributors, benefiting from higher energy prices. Permian Resources (PR), an independent oil and gas company, and NOV, the largest manufacturer of oilfield equipment, led the way. NOV Inc. (NYSE:NOV) ended 2025 on a solid note, with Q4 revenue up nearly 5% sequentially and earnings beating expectations, helped by strong execution, backlog conversion and market share gains even as broader global activity remained soft. NOV's energy equipment segment has been a bright spot, benefiting from stronger offshore demand and a growing backlog that supports future activity. Cash flow generation has remained solid, allowing NOV to continue returning capital to shareholders. The Middle East conflict is creating near term headwinds for NOV through logistical and supply-chain disruptions, weaker aftermarket demand and softer customer ordering activity across the region. Thankfully, the company has reported no personnel injuries or facility damage, and its Saudi rig-building and composite pipe facilities remain operational. The disruption is likely to impact near-term results, but the longer term outlook remains intact, in our view, supported by NOV's diversified global footprint and a still-constructive offshore bac
2 months ago
Mid-cap stocks MYR Group (NASDAQ: MYRG) and VSE Corporation (NASDAQ: VSEC) operate in completely different industrial sectors, with MYR Group focusing on electrical contracting and VSE on aviation aftermarket services.
However, they are fundamentally cut from the same cloth, as they rely heavily on recurring, non-discretionary service revenue. Utilities must maintain the grid, and that's where MYR comes in. Planes must be serviced to remain airworthy, which is how VSE generates income.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
As of July 6, VSE's shares are up more than 38% this year, and MYR's shares are up more than 102%. Here are three reasons why I still like each of these pick-and-shovel stocks.
The company is well-positioned for the massive multi-year build-out of data centers, renewable energy integration, and electric vehicle (EV) charging infrastructure. Because its commercial and industrial (C&I) segment specializes in complex electrical contracting, it is seeing intense demand from tech companies expanding their artificial intelligence (AI) infrastructure. Additionally, utility companies face a multi-decade grid modernization cycle to handle higher power loads and connect new clean energy sources, giving MYR Group a structural tailwind that isn't reliant on normal economic cycles.
However, they are fundamentally cut from the same cloth, as they rely heavily on recurring, non-discretionary service revenue. Utilities must maintain the grid, and that's where MYR comes in. Planes must be serviced to remain airworthy, which is how VSE generates income.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
As of July 6, VSE's shares are up more than 38% this year, and MYR's shares are up more than 102%. Here are three reasons why I still like each of these pick-and-shovel stocks.
The company is well-positioned for the massive multi-year build-out of data centers, renewable energy integration, and electric vehicle (EV) charging infrastructure. Because its commercial and industrial (C&I) segment specializes in complex electrical contracting, it is seeing intense demand from tech companies expanding their artificial intelligence (AI) infrastructure. Additionally, utility companies face a multi-decade grid modernization cycle to handle higher power loads and connect new clean energy sources, giving MYR Group a structural tailwind that isn't reliant on normal economic cycles.
2 months ago
Brown Advisory, an investment management company, released its "Brown Large-Cap Growth Strategy" for the first-quarter 2026 investor letter. A copy of the letter is available to download here. The Brown Advisory Large-Cap Growth Strategy experienced a decline in the first quarter of 2026, modestly trailing the Russell 1000 Growth Index. Despite negative absolute returns amidst volatility, relative performance improved significantly as the quarter progressed. Initial pressures stemmed from weaknesses in the software sector, affected by concerns over AI disrupting traditional models. Conversely, sectors like Industrials and Consumer Discretionary positively contributed to performance, while Information Technology and Health Care were the largest detractors. The strategy's ability to outperform in a down market indicates the quality of holdings. As market leadership broadens, the firm's focus remains on maintaining a diversified portfolio of high-quality growth companies, aiming for strong long-term results. Please review the Strategy's top five holdings to gain insights into their key selections for 2026.
In its first-quarter 2026 investor letter, Brown Advisory Large-Cap Growth Strategy highlighted HEICO Corporation (NYSE:HEI-A). Headquartered in Hollywood, Florida, HEICO Corporation (NYSE:HEI-A) is an aerospace, defense, and electronics company. On July 2, 2026, HEICO Corporation (NYSE:HEI-A) closed at $261.70 per share, reflecting a market capitalization of $36.54 billion. HEICO Corporation (NYSE:HEI-A) posted a one-month return of 7.47%, and its shares gained 3.07% over the past 52 weeks.
Brown Advisory Large-Cap Growth Strategy stated the following regarding HEICO Corporation (NYSE:HEI-A) in its Q1 2026 investor letter:
"HEICO Corporation (NYSE:HEI-A) is a leading provider of aerospace and defense components, with a focus on highly engineered aftermarket parts and repair solutions. The company operates in niche markets with strong competitive advantages, supported by a long track record of disciplined capital allocation. We initiated the position following a period of share price weakness driven by typical variability in its Defense and ***** e segments. With low penetration of its cost-saving solutions and favorable trends in commercial aerospace, we believe HEICO is well positioned for sustained long-term growth."
HEICO Corporation (NYSE:HEI-A) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 74 hedge fund portfolios held HEICO Corporation (NYSE:HEI-A) at the end of the first quarter, up from 73 in the previous quarter. While we acknowledge the risk and potential of HEICO Corporation (NYSE:HEI-A) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than HEICO Corporation (NYSE:HEI-A) and that has 10,000% upside
In its first-quarter 2026 investor letter, Brown Advisory Large-Cap Growth Strategy highlighted HEICO Corporation (NYSE:HEI-A). Headquartered in Hollywood, Florida, HEICO Corporation (NYSE:HEI-A) is an aerospace, defense, and electronics company. On July 2, 2026, HEICO Corporation (NYSE:HEI-A) closed at $261.70 per share, reflecting a market capitalization of $36.54 billion. HEICO Corporation (NYSE:HEI-A) posted a one-month return of 7.47%, and its shares gained 3.07% over the past 52 weeks.
Brown Advisory Large-Cap Growth Strategy stated the following regarding HEICO Corporation (NYSE:HEI-A) in its Q1 2026 investor letter:
"HEICO Corporation (NYSE:HEI-A) is a leading provider of aerospace and defense components, with a focus on highly engineered aftermarket parts and repair solutions. The company operates in niche markets with strong competitive advantages, supported by a long track record of disciplined capital allocation. We initiated the position following a period of share price weakness driven by typical variability in its Defense and ***** e segments. With low penetration of its cost-saving solutions and favorable trends in commercial aerospace, we believe HEICO is well positioned for sustained long-term growth."
HEICO Corporation (NYSE:HEI-A) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 74 hedge fund portfolios held HEICO Corporation (NYSE:HEI-A) at the end of the first quarter, up from 73 in the previous quarter. While we acknowledge the risk and potential of HEICO Corporation (NYSE:HEI-A) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than HEICO Corporation (NYSE:HEI-A) and that has 10,000% upside
3 months ago
TransDigm Group Inc. (NYSE:TDG) is one of the 12 Best Growth Stocks Trading in Oversold Territory. On May 5, TransDigm Group reported strong Q2 2026, with net sales rising 18% year-over-year to $2.54 billion. The company achieved a net income of $536 million, a 12% increase, while EBITDA As Defined grew by 15% to $1.34 billion, maintaining a robust 52.6% margin. Adjusted EPS rose to $9.85, reflecting an 8% improvement over the prior year.
The company's growth was driven by double-digit performance across all three major market channels, with the commercial aftermarket, led by a 16% increase in the commercial transport segment, showing particularly strong results. Following the quarter, TransDigm completed the $2.2 billion acquisition of Jet Parts Engineering and Victor Sierra to bolster its aftermarket presence and continued its capital return strategy by repurchasing $800 million in shares during the quarter and early April.
Management noted that core business margins improved when adjusting for acquisition dilution, and they remain committed to their value-driven operating strategy. Given the strong performance, TransDigm Group Inc. (NYSE:TDG) issued an upward revision to its FY2026 financial guidance and continues to pursue strategic expansion, including the pending acquisition of Stellant Systems.
Burben/Shutterstock.com
TransDigm Group Inc. (NYSE:TDG) manufactures engineered aircraft components for commercial and military aircraft.
The company's growth was driven by double-digit performance across all three major market channels, with the commercial aftermarket, led by a 16% increase in the commercial transport segment, showing particularly strong results. Following the quarter, TransDigm completed the $2.2 billion acquisition of Jet Parts Engineering and Victor Sierra to bolster its aftermarket presence and continued its capital return strategy by repurchasing $800 million in shares during the quarter and early April.
Management noted that core business margins improved when adjusting for acquisition dilution, and they remain committed to their value-driven operating strategy. Given the strong performance, TransDigm Group Inc. (NYSE:TDG) issued an upward revision to its FY2026 financial guidance and continues to pursue strategic expansion, including the pending acquisition of Stellant Systems.
Burben/Shutterstock.com
TransDigm Group Inc. (NYSE:TDG) manufactures engineered aircraft components for commercial and military aircraft.
3 months ago
Is GE a good stock to buy? We came across a bullish thesis on GE Aerospace on r/investing_discussion by Variant_Invest. In this article, we will summarize the bulls’ thesis on GE. GE Aerospace's share was trading at $314.49 as of May 26th. GE’s trailing and forward P/E were 37.62 and 40.82 respectively according to Yahoo Finance.
Sergey Kohl / Shutterstock.com
General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and aircraft systems. GE is being mispriced by the market as investors panic over tariff-related fears and continue to treat it as a traditional cyclical industrial hardware manufacturer, despite the company’s transformation into a high-quality, services-driven aerospace platform. The legacy GE conglomerate structure has been fully dismantled, leaving GE Aerospace as a focused pure-play jet engine and aftermarket services leader with a fundamentally different earnings profile.
Read More: 15 AI Stocks That Are Quietly Making Investors Rich
Read More: Undervalued AI Stock Poised For Massive Gains: 10000% Upside Potential
Sergey Kohl / Shutterstock.com
General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and aircraft systems. GE is being mispriced by the market as investors panic over tariff-related fears and continue to treat it as a traditional cyclical industrial hardware manufacturer, despite the company’s transformation into a high-quality, services-driven aerospace platform. The legacy GE conglomerate structure has been fully dismantled, leaving GE Aerospace as a focused pure-play jet engine and aftermarket services leader with a fundamentally different earnings profile.
Read More: 15 AI Stocks That Are Quietly Making Investors Rich
Read More: Undervalued AI Stock Poised For Massive Gains: 10000% Upside Potential
3 months ago
Woodward, Inc. (NASDAQ:WWD) was among the stocks Jim Cramer highlighted on Mad Money as he noted that the market has an appetite for stocks. A caller asked for Cramer’s opinion on the stock. He replied:
I happen to think it’s a very, very good company. You’re not going to get this company for less than, you know, 30, it’s going to be 40 times earnings, which it is. But it’s engineered products, industrial engines, it’s what’s working now during this administration, and I recommend it.
A stock market data. Photo by AlphaTradeZone on Pexels
Woodward, Inc. (NASDAQ:WWD) designs, manufactures, and services control solutions, components, and electronic systems for the aerospace and industrial markets. The company provides both original equipment and aftermarket maintenance, repair, and overhaul services. Carillon Tower Advisers stated the following regarding Woodward, Inc. (NASDAQ:WWD) in its fourth quarter 2025 investor letter:
Woodward, Inc. (NASDAQ:WWD) develops and produces control systems and energy conversion solutions and components for the aerospace and industrial end markets. The stock was a steady and strong performer throughout 2025, and once again delivered an impressive quarterly report that was highlighted by particularly strong performance in its aerospace aftermarket vertical. The potential for the long-awaited increased rate of production from the large airframe original equipment manufacturers (OEMs) in 2026 could provide an additional tailwind to growth. Investors also remain optimistic about the company’s increasing exposure to newer-generation aircraft that could result in a further step change in aftermarket growth in the latter half of the decade.
I happen to think it’s a very, very good company. You’re not going to get this company for less than, you know, 30, it’s going to be 40 times earnings, which it is. But it’s engineered products, industrial engines, it’s what’s working now during this administration, and I recommend it.
A stock market data. Photo by AlphaTradeZone on Pexels
Woodward, Inc. (NASDAQ:WWD) designs, manufactures, and services control solutions, components, and electronic systems for the aerospace and industrial markets. The company provides both original equipment and aftermarket maintenance, repair, and overhaul services. Carillon Tower Advisers stated the following regarding Woodward, Inc. (NASDAQ:WWD) in its fourth quarter 2025 investor letter:
Woodward, Inc. (NASDAQ:WWD) develops and produces control systems and energy conversion solutions and components for the aerospace and industrial end markets. The stock was a steady and strong performer throughout 2025, and once again delivered an impressive quarterly report that was highlighted by particularly strong performance in its aerospace aftermarket vertical. The potential for the long-awaited increased rate of production from the large airframe original equipment manufacturers (OEMs) in 2026 could provide an additional tailwind to growth. Investors also remain optimistic about the company’s increasing exposure to newer-generation aircraft that could result in a further step change in aftermarket growth in the latter half of the decade.
3 months ago
Is GE a good stock to buy? We came across a bullish thesis on GE Aerospace on r/investing_discussion by Variant_Invest. In this article, we will summarize the bulls' thesis on GE. GE Aerospace's share was trading at $314.49 as of May 26th. GE's trailing and forward P/E were 37.62 and 40.82 respectively according to Yahoo Finance.
Sergey Kohl / Shutterstock.com
General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and aircraft systems. GE is being mispriced by the market as investors panic over tariff-related fears and continue to treat it as a traditional cyclical industrial hardware manufacturer, despite the company's transformation into a high-quality, services-driven aerospace platform. The legacy GE conglomerate structure has been fully dismantled, leaving GE Aerospace as a focused pure-play jet engine and aftermarket services leader with a fundamentally different earnings profile.
Read More: 15 AI Stocks That Are Quietly Making Investors Rich
Read More: Undervalued AI Stock Poised For Massive Gains: 10000% Upside Potential
Sergey Kohl / Shutterstock.com
General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and aircraft systems. GE is being mispriced by the market as investors panic over tariff-related fears and continue to treat it as a traditional cyclical industrial hardware manufacturer, despite the company's transformation into a high-quality, services-driven aerospace platform. The legacy GE conglomerate structure has been fully dismantled, leaving GE Aerospace as a focused pure-play jet engine and aftermarket services leader with a fundamentally different earnings profile.
Read More: 15 AI Stocks That Are Quietly Making Investors Rich
Read More: Undervalued AI Stock Poised For Massive Gains: 10000% Upside Potential
