LRCX

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.

This week's Value Pick is Tapestry (TPR) — Coach's turnaround, a valuation reset, and shareholder-friendly plans. Plus a shipping & logistics review of CSX and ODFL.

No pick this week as six mega-cap earnings reports loom — these companies alone account for nearly a quarter of the S&P 500 and $17 trillion in combined value.