IESC

No pick this week. Meta's negative free cash flow rattled the tech sector, the cybersecurity pair reversed sharply higher, and the Aerospace & Defense review begins.

No pick this week. Hot CPI and PPI reports sent the S&P down 1.9%, and the market sorted AI winners from losers — seven of our past picks fell more than 10%.

This week's Value Pick is American Express (AXP), a premium payments franchise up 91% since our 2023 recommendation. Plus the AI de-rating that hit our semiconductor names.

A correction to the Value Picks Tracker, no pick this week, and a look at why oil and a near-certain Fed rate hike pushed the S&P down 0.8%.

No pick this week as the Magnificent 7 earnings shake out — Microsoft makes history, Apple and Meta stumble, and the AI trade starts rewarding proven monetization only.