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flow:hidden; font-family:Arial,sans-serif;=22 valign=3D=22top=22> The B=
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8199;&=23847;­ ­ ­ ­ ­ ­ ­ ­ ­ ­ &s=
hy; ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­=
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hy; ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­=
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hy; ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­=
­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ &s=
hy; ­ ­ </td>
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<=21-- =3D=3D //Pre-Header Text Section =3D=3D -->
<=21-- HEADER - INVCOM -->
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</table> <=21-- =3D=3D //Header Section =3D=3D -->=20
<=21-- =3D=3D Body Section =3D=3D -->
<table align=3D=22center=22 border=3D=220=22 cellpadding=3D=220=22 cellspac=
ing=3D=220=22 class=3D=22em_main_table=22 style=3D=22width:620px; table-lay=
out:fixed;=22 width=3D=22620=22>
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<table align=3D=22center=22 border=3D=220=22 cellpadding=3D=220=22 =
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00;=22 valign=3D=22top=22>
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=220=22 cellspacing=3D=220=22 width=3D=22100%=22>
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<td class=3D=22em_side30=22 style=3D=22width: 45px;=
=22 width=3D=2245=22>
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<td align=3D=22center=22 valign=3D=22top=22>
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dding=3D=220=22 cellspacing=3D=220=22 width=3D=22100%=22>
<tbody>
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<td height=3D=2221=22 style=3D=22height: 21px=
;=22>
</td>
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<tr>
<td align=3D=22left=22 class=3D=22em_defaultl=
ink em_dm_txt_white em_font25_32=22 style=3D=22font-family:'SF Pro', Arial,=
sans-serif; font-size: 25px; line-height: 1=2E2; color: =23FFFFFF; font-we=
ight: 700;=22 valign=3D=22top=22>The Brief =7C <span style=3D=22font-size: =
20px; font-weight: 400;=22>Jul 25, 2026</span>
</td>
</tr>
<tr>
<td height=3D=228=22 style=3D=22height: 8px;=
=22>
</td>
</tr>
<tr>
<td align=3D=22left=22 class=3D=22em_defa=
ultlink em_dm_txt_white=22 style=3D=22font-family: Arial, sans-serif; font-=
size: 16px; line-height: 1=2E2; color:=23ffffff; font-weight: 400;=22 valig=
n=3D=22top=22>3 answers that help you find trades others can=E2=80=99t
</td>
</tr>
<tr>
<td height=3D=2221=22 style=3D=22height: 21px=
; =22>
</td>
</tr>
</tbody>
</table>
</td>
<td class=3D=22em_side30=22 style=3D=22width: 45px;=
=22 width=3D=2245=22>
</td>
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</tbody>
</table>
</td>
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</tbody>
</table>
<=21-- Intro -->
<table align=3D=22center=22 border=3D=220=22 cellpadding=3D=220=
=22 cellspacing=3D=220=22 class=3D=22em_main_table=22 style=3D=22width:620p=
x; table-layout:fixed;=22 width=3D=22620=22>
<tbody>
<tr>
<td align=3D=22center=22 bgcolor=3D=22=23F1F1F1=22 st=
yle=3D=22padding: 0px 24px;=22 valign=3D=22top=22 class=3D=22em_dm_grey em_=
pad_intro=22>
<table align=3D=22center=22 border=3D=220=22 cell=
padding=3D=220=22 cellspacing=3D=220=22 width=3D=22100%=22>
<tbody>
<tr>
<td align=3D=22center=22 valign=3D=22=
top=22>
<table align=3D=22center=22 borde=
r=3D=220=22 cellpadding=3D=220=22 cellspacing=3D=220=22>
<tbody>
<tr>
<td height=3D=2216=22=
style=3D=22height: 16px; font-size: 1px; line-height: 1px;=22>
</td>
</tr>
<tr>
<td align=3D=22left=
=22 class=3D=22em_defaultlink em_dm_txt_white=22 style=3D=22font-family: Ar=
ial, sans-serif; font-size: 13px; line-height: 18px; color: =23333333; font=
-style: italic;=22 valign=3D=22middle=22>AI profits are rising fast, but ca=
pex is rising faster, and rates are making that gap more expensive to carry=
=2E The market's already rotating into the beneficiaries, from mid-cap infr=
astructure plays to a deeply discounted name in our Midcap Movers strategy=
=2E=20
</td>
</tr>
<tr>
<td height=3D=2216=22=
style=3D=22height: 16px; font-size: 1px; line-height: 1px;=22>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<=21-- // Intro -->
</td>
</tr>
<=21-- Content -->
<tr>
<td align=3D=22center=22 bgcolor=3D=22=23ffffff=22 class=3D=22em_as=
ide24 em_dm_black=22 style=3D=22padding: 0px 30px;=22 valign=3D=22top=22> <=
table align=3D=22center=22 border=3D=220=22 cellpadding=3D=220=22 cellspaci=
ng=3D=220=22 width=3D=22100%=22>
<tbody>
<tr>
<td height=3D=2224=22 style=3D=22height: 24px;=22>
</td>
</tr>
<tr>
<td align=3D=22left=22 class=3D=22em_defaultlink em_dm_=
txt_white em_pad_h2=22 style=3D=22font-family: Arial, sans-serif; font-size=
: 20px; line-height: 1=2E2; color:=23333333; font-weight: 700; padding: 0 1=
8px;=22 valign=3D=22top=22>What are this week=E2=80=99s market risks or opp=
ortunities?
</td>
</tr>
<tr>
<td height=3D=2216=22 style=3D=22height:16px;=22>
</td>
</tr>
<tr>
<td align=3D=22center=22 valign=3D=22top=22>
<table align=3D=22center=22 border=3D=220=22 cellpa=
dding=3D=220=22 cellspacing=3D=220=22 width=3D=22100%=22 bgcolor=3D=22=23F1=
F1F1=22 class=3D=22em_dm_grey=22 style=3D=22background-color: =23F1F1F1; bo=
rder-radius: 10px;=22>
<tbody>
<tr>
<td height=3D=2230=22 style=3D=22height=
:30px;=22>
</td>
</tr>
<tr>
<td align=3D=22left=22 class=3D=22em_de=
faultlink em_dm_txt_white=22 valign=3D=22top=22 style=3D=22font-family: Ari=
al, sans-serif; font-size: 16px; line-height: 24px; color: =23333333; paddi=
ng: 0 30px;=22>Alphabet just posted a record quarter, with EPS hitting an a=
ll-time high=2E Free cash flow told a different story: =2439=2E1B in operat=
ing cash flow couldn't cover =2444=2E9B in capex, a negative quarter=2E
</td>
</tr>
<tr>
<td height=3D=2216=22 style=3D=22height=
:16px;=22>
</td>
</tr>
<tr>
<td align=3D=22left=22 class=3D=22em_de=
faultlink em_dm_txt_white=22 valign=3D=22top=22 style=3D=22font-family: Ari=
al, sans-serif; font-size: 16px; line-height: 24px; color: =23333333; paddi=
ng: 0 30px;=22>Tesla followed the same pattern, beating on revenue but land=
ing negative on free cash flow too, as =245=2E8B in capex outran =244=2E7B =
in operating cash flow=2E
</td>
</tr>
<tr>
<td height=3D=2216=22 style=3D=22height=
:16px;=22>
</td>
</tr>
<tr>
<td align=3D=22left=22 class=3D=22em_de=
faultlink em_dm_txt_white=22 valign=3D=22top=22 style=3D=22font-family: Ari=
al, sans-serif; font-size: 16px; line-height: 24px; color: =23333333; paddi=
ng: 0 30px;=22>Both are spending faster than AI is paying them back=2E Cape=
x is up more than 100% year-over-year at each, and Alphabet just raised its=
full-year spending target again=2E
</td>
</tr>
<tr>
<td height=3D=2216=22 style=3D=22height=
:16px;=22>
</td>
</tr>
<tr>
<td align=3D=22left=22 class=3D=22em_de=
faultlink em_dm_txt_white=22 valign=3D=22top=22 style=3D=22font-family: Ari=
al, sans-serif; font-size: 16px; line-height: 24px; color: =23333333; paddi=
ng: 0 30px;=22>That cuts both ways=2E The money is still flowing hard into =
AI infrastructure, which is why semis and memory names rallied within the s=
ame session the numbers came out=2E But free cash flow is growing slower th=
an capex, and that gap gets more expensive to carry as rates climb toward a=
multi-year high, with another hike expected in September=2E
</td>
</tr>
<tr>
<td height=3D=2216=22 style=3D=22height=
:16px;=22>
</td>
</tr>
<tr>
<td align=3D=22left=22 class=3D=22em_de=
faultlink em_dm_txt_white=22 valign=3D=22top=22 style=3D=22font-family: Ari=
al, sans-serif; font-size: 16px; line-height: 24px; color: =23333333; paddi=
ng: 0 30px;=22>If hyperscalers keep spending regardless of their own cash f=
low, the companies supplying that spend keep getting paid=2E Whether Alphab=
et and Tesla can keep funding it themselves is the real question now=2E
</td>
</tr>
<tr>
<td height=3D=2230=22 style=3D=22height=
:30px;=22>
</td>
</tr>
<tr>
<td align=3D=22center=22 valign=3D=22to=
p=22 style=3D=22padding: 0 30px;=22>
<table align=3D=22center=22 border=
=3D=220=22 cellpadding=3D=220=22 cellspacing=3D=220=22 style=3D=22border-ra=
dius: 50px; background-color: =23FF6B00; border-collapse: separate;=22>
<tbody>
<tr>
<td align=3D=22center=
=22 class=3D=22em_defaultlink=22 valign=3D=22middle=22 style=3D=22font-fami=
ly: Arial, sans-serif; font-size: 16px; line-height: 1=2E3; font-weight: 70=
0; letter-spacing: -0=2E02em;=22><a href=3D=22https://investingmail=2Ecom/p=
ub/cc?_ri_=3DX0Gzc2X%3DBQjkPkSSSQGzdrLJsAI1Btft6TBXlIF1hGi83pLOeUK3Au2F2CSR=
d6zfkIzgzeyiR458PAnzd2zazaOuzbpJCVXtpKX%3DTBCDRWC&_ei_=3DEW2tf9zs59idfPO1Sc=
_9Bbmk-NFKNm-qckG-nyhz_dSzf74R9uMhapQ7SGTEUbpOPMmw7CyoPXebhrW97zhCdvS_BhwJx=
2oh9jo0SkXPUquEWEnFEIbJ8GfEB3GRnKd7dQw0ik6bwgY0ZO0gHp1zLDtIyQ-kavRk=2E&_di_=
=3Dvt2mc725t5lqe9pmgq36857462eamp8g15b73oknnlq5ve0v185g=22 target=3D=22_bla=
nk=22 class=3D=22em_pad14_28=22 style=3D=22display: block; color: =23ffffff=
; text-decoration: none; padding: 15px 35px; border-radius: 50px;=22>See Wh=
o Reports Earnings Next</a>
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</table>
</td>
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<tr>
<td height=3D=2230=22 style=3D=22height=
:30px;=22>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
<tr>
<td height=3D=2230=22 style=3D=22height:30px;=22>
</td>
</tr>
<tr>
<td align=3D=22left=22 class=3D=22em_defaultlink em_dm_=
txt_white em_pad_h2=22 style=3D=22font-family: Arial, sans-serif; font-size=
: 20px; line-height: 1=2E2; color:=23333333; font-weight: 700; padding: 0 1=
8px;=22 valign=3D=22top=22>Which trades should I consider?
</td>
</tr>
<tr>
<td height=3D=2216=22 style=3D=22height:16px;=22>
</td>
</tr>
<tr>
<td align=3D=22center=22 valign=3D=22top=22>
<table align=3D=22center=22 border=3D=220=22 cellpa=
dding=3D=220=22 cellspacing=3D=220=22 width=3D=22100%=22 bgcolor=3D=22=23F1=
F1F1=22 class=3D=22em_dm_grey=22 style=3D=22background-color: =23F1F1F1; bo=
rder-radius: 10px;=22>
<tbody>
<tr>
<td height=3D=2230=22 style=3D=22height=
:30px;=22>
</td>
</tr>
<tr>
<td align=3D=22left=22 class=3D=22em_de=
faultlink em_dm_txt_white=22 valign=3D=22top=22 style=3D=22font-family: Ari=
al, sans-serif; font-size: 16px; line-height: 24px; color: =23333333; paddi=
ng: 0 30px;=22><a class=3D=22em_dm_txt_orange=22 href=3D=22https://investin=
gmail=2Ecom/pub/cc?_ri_=3DX0Gzc2X%3DBQjkPkSSSQGzdrLJsAI1Btft6TBXlIF1hGi83pL=
OeUK3Au2F2CSRd6zfkIzgzeyiR458PAnzd2zazaOuzbpJCVXtpKX%3DTBCDRAC&_ei_=3DEW2tf=
9zs59idfPO1Sc_9Bbmk-NFKNm-qckG-nyhz_dSzf74R9uMhapQ7SGTEUbpOPMmw7CyoPXebhrW9=
7zhCdvRz-LsUw78368ReRJ9JJIyDbFNWbTUuxq2PD9NY0fozeAla455ExSiiesMHjz5T-X-ITto=
SWgeTx6AT=2E&_di_=3Dsl4m711kumvakfeco19kcs2bp02l9je5gn75qmqs6svd73vnksc0=22=
style=3D=22text-decoration: underline; color: =230081F2;=22 target=3D=22_b=
lank=22>Nvidia=E2=80=99s</a> already the obvious AI name and if that's your=
mental model for the AI infrastructure trade, it looks closed=2E It isn=E2=
=80=99t=2E
</td>
</tr>
<tr>
<td height=3D=2216=22 style=3D=22height=
:16px;=22>
</td>
</tr>
<tr>
<td align=3D=22left=22 class=3D=22em_de=
faultlink em_dm_txt_white=22 valign=3D=22top=22 style=3D=22font-family: Ari=
al, sans-serif; font-size: 16px; line-height: 24px; color: =23333333; paddi=
ng: 0 30px;=22>Capex for AI buildout doesn't stop at the chip makers=2E Som=
e of the names cashing those checks are still priced like the market hasn't=
connected them to the flow yet=2E Here are 3 high-conviction picks from ou=
r AI-powered ProPicks models, each carrying real fair value upside:
<ul>
<li>Everforth (<a class=3D=22em_dm_txt_orange=22 href=3D=22https://inve=
stingmail=2Ecom/pub/cc?_ri_=3DX0Gzc2X%3DBQjkPkSSSQGzdrLJsAI1Btft6TBXlIF1hGi=
83pLOeUK3Au2F2CSRd6zfkIzgzeyiR458PAnzd2zazaOuzbpJCVXtpKX%3DTBCDRCC&_ei_=3DE=
W2tf9zs59idfPO1Sc_9Bbmk-NFKNm-qckG-nyhz_dSzf74R9uMhapQ7SGTEUbpOPMmw7CyoPXeb=
hrW97zhCdvRz-LsUw78368ReRJ9JJIyDYGy8QFqEw8KvJyPYdqqENSFjUEXG_EONvGkRJnaVd39=
WPhBmiqDlK93BtSQ=2E&_di_=3D9h3ltfjo4rji2kefj3eot14jvri8hs05bdktq4c20hf4rmpi=
l85g=22 style=3D=22text-decoration: underline; color: =230081F2;=22 target=
=3D=22_blank=22>EFOR</a>), IT services and cloud system integration: <stron=
g>51=2E2% fair value upside</strong>, in our <a class=3D=22em_dm_txt_orange=
=22 href=3D=22https://investingmail=2Ecom/pub/cc?_ri_=3DX0Gzc2X%3DBQjkPkSSS=
QGzdrLJsAI1Btft6TBXlIF1hGi83pLOeUK3Au2F2CSRd6zfkIzgzeyiR458PAnzd2zazaOuzbpJ=
CVXtpKX%3DTBCDSRC&_ei_=3DEW2tf9zs59idfPO1Sc_9Bbmk-NFKNm-qckG-nyhz_dSzf74R9u=
MhapQ7SGTEUbpOPMmw7CyoPXebhrW97zhCdvSlE5HVvAuqYvjk5pqfJcbYB8hTzB1DTfKsX6QQs=
n2bRwbSbBFjl1g6YQn8w4BhsunJvkL4_lX6xwBxzLRD9TyhoBKyJ8O7=2E&_di_=3D2csjtqku9=
rdesmg83qg2gntm6ikphf7i9gjhlbgdc6ht50qdmr20=22 style=3D=22text-decoration: =
underline; color: =230081F2;=22 target=3D=22_blank=22>Small Cap Sprinters</=
a> ProPicks AI strategy=2E</li>
<li><a class=3D=22em_dm_txt_orange=22 href=3D=22https://investingmail=
=2Ecom/pub/cc?_ri_=3DX0Gzc2X%3DBQjkPkSSSQGzdrLJsAI1Btft6TBXlIF1hGi83pLOeUK3=
Au2F2CSRd6zfkIzgzeyiR458PAnzd2zazaOuzbpJCVXtpKX%3DTBCDSTC&_ei_=3DEW2tf9zs59=
idfPO1Sc_9Bbmk-NFKNm-qckG-nyhz_dSzf74R9uMhapQ7SGTEUbpOPMmw7CyoPXebhrW97zhCd=
vRz-LsUw78368ReRJ9JJIyDC766oj2qqWT0PRTopDsi4jw3eS1iiAaqKQQti8hp6cTRhM=2E&_d=
i_=3Dpbv8eju76ie3pg2s24aii2k8ik3ges1k3u6adlgalckbkfukvulg=22 style=3D=22tex=
t-decoration: underline; color: =230081F2;=22 target=3D=22_blank=22>IBM</a>=
, hybrid cloud and data server systems: <strong>24=2E6% fair value upside</=
strong>, in <a class=3D=22em_dm_txt_orange=22 href=3D=22https://investingma=
il=2Ecom/pub/cc?_ri_=3DX0Gzc2X%3DBQjkPkSSSQGzdrLJsAI1Btft6TBXlIF1hGi83pLOeU=
K3Au2F2CSRd6zfkIzgzeyiR458PAnzd2zazaOuzbpJCVXtpKX%3DTBCDSWC&_ei_=3DEW2tf9zs=
59idfPO1Sc_9Bbmk-NFKNm-qckG-nyhz_dSzf74R9uMhapQ7SGTEUbpOPMmw7CyoPXebhrW97zh=
CdvSlE5HVvAuqYvjk5pqfJcbYNIkx4GwGc-A2ppuf2puNgFt4CCvfOWLEE-vn8NoRUTJms5gMEv=
pfw9v5Mtlf7DCDNUzK=2E&_di_=3Dqh8gfmvivckhs3fig3t717timt0s8sagv2t9n3ebqv77he=
e80ii0=22 style=3D=22text-decoration: underline; color: =230081F2;=22 targe=
t=3D=22_blank=22>Dominate the Dow</a>=2E</li>
<li>Alliance Resource Partners (<a class=3D=22em_dm_txt_orange=22 href=
=3D=22https://investingmail=2Ecom/pub/cc?_ri_=3DX0Gzc2X%3DBQjkPkSSSQGzdrLJs=
AI1Btft6TBXlIF1hGi83pLOeUK3Au2F2CSRd6zfkIzgzeyiR458PAnzd2zazaOuzbpJCVXtpKX%=
3DTBCDSAC&_ei_=3DEW2tf9zs59idfPO1Sc_9Bbmk-NFKNm-qckG-nyhz_dSzf74R9uMhapQ7SG=
TEUbpOPMmw7CyoPXebhrW97zhCdvRz-LsUw78368ReRJ9JJIyDBhKu0vrPzN2IN0a0ob07IiVKv=
BbgMz44F3Vz12mvHr0pqnS6yM7vI06QMuS3ELj3=2E&_di_=3D3v4cftmv86l3j3ofppsad7kha=
oo29hrg12mbnlsgsqvgjbq1lr60=22 style=3D=22text-decoration: underline; color=
: =230081F2;=22 target=3D=22_blank=22>ARLP</a>), which supplies power to th=
e data centers running this build-out: <strong>22=2E9% fair value upside</s=
trong>, in <a class=3D=22em_dm_txt_orange=22 href=3D=22https://investingmai=
l=2Ecom/pub/cc?_ri_=3DX0Gzc2X%3DBQjkPkSSSQGzdrLJsAI1Btft6TBXlIF1hGi83pLOeUK=
3Au2F2CSRd6zfkIzgzeyiR458PAnzd2zazaOuzbpJCVXtpKX%3DTBCDSCC&_ei_=3DEW2tf9zs5=
9idfPO1Sc_9Bbmk-NFKNm-qckG-nyhz_dSzf74R9uMhapQ7SGTEUbpOPMmw7CyoPXebhrW97zhC=
dvSlE5HVvAuqYvjk5pqfJcbYAJdrOmgnebKj19WkjltSP-g54cN9eI2oqiUWL32FaaWVPBbiGMO=
JRrO6XPrfhAs=2E&_di_=3Dickja7udv48rqkdi3fdoeftlbi6ppp1q1dbrdre0vlhacrdaumqg=
=22 style=3D=22text-decoration: underline; color: =230081F2;=22 target=3D=
=22_blank=22>Energy Elite</a>=2E</li>
</ul>
</td>
</tr>
<tr>
<td align=3D=22left=22 class=3D=22em_de=
faultlink em_dm_txt_white=22 valign=3D=22top=22 style=3D=22font-family: Ari=
al, sans-serif; font-size: 16px; line-height: 24px; color: =23333333; paddi=
ng: 0 30px;=22>Two adjacent names worth a look, even with more indirect AI =
exposure:
<ul>
<li>Gartner (<a class=3D=22em_dm_txt_orange=22 href=3D=22https://invest=
ingmail=2Ecom/pub/cc?_ri_=3DX0Gzc2X%3DBQjkPkSSSQGzdrLJsAI1Btft6TBXlIF1hGi83=
pLOeUK3Au2F2CSRd6zfkIzgzeyiR458PAnzd2zazaOuzbpJCVXtpKX%3DTBCDTRC&_ei_=3DEW2=
tf9zs59idfPO1Sc_9Bbmk-NFKNm-qckG-nyhz_dSzf74R9uMhapQ7SGTEUbpOPMmw7CyoPXebhr=
W97zhCdvRz-LsUw78368ReRJ9JJIyDM04TfX5dgZDRtS2zSvW-cw33_d1_NvbyaPUz7Gh-L8mtP=
i2L-nc=2E&_di_=3Dt31pkj7d32rms4v8e27h23vkuntuflticd1dspovkad3tcr23ehg=22 st=
yle=3D=22text-decoration: underline; color: =230081F2;=22 target=3D=22_blan=
k=22>IT</a>) at <strong>67=2E5% fair value upside</strong> in our <a class=
=3D=22em_dm_txt_orange=22 href=3D=22https://investingmail=2Ecom/pub/cc?_ri_=
=3DX0Gzc2X%3DBQjkPkSSSQGzdrLJsAI1Btft6TBXlIF1hGi83pLOeUK3Au2F2CSRd6zfkIzgze=
yiR458PAnzd2zazaOuzbpJCVXtpKX%3DTBCDTTC&_ei_=3DEW2tf9zs59idfPO1Sc_9Bbmk-NFK=
Nm-qckG-nyhz_dSzf74R9uMhapQ7SGTEUbpOPMmw7CyoPXebhrW97zhCdvSlE5HVvAuqYvjk5pq=
fJcbYYijrFpujPTccz6TC-YH72fUbJ4G1BYOuaXkUeZUMPdWFjbBJUYXZSWA_iiKK2M8lL-Q5=
=2E&_di_=3Dsi6mabqiin3818vcffc9o0oluvj68ltdmpi17sqbvivebufmgpa0=22 style=3D=
=22text-decoration: underline; color: =230081F2;=22 target=3D=22_blank=22>T=
op Value Stocks</a> strategy</li>
<li>Salesforce (<a class=3D=22em_dm_txt_orange=22 href=3D=22https://inv=
estingmail=2Ecom/pub/cc?_ri_=3DX0Gzc2X%3DBQjkPkSSSQGzdrLJsAI1Btft6TBXlIF1hG=
i83pLOeUK3Au2F2CSRd6zfkIzgzeyiR458PAnzd2zazaOuzbpJCVXtpKX%3DTBCDTWC&_ei_=3D=
EW2tf9zs59idfPO1Sc_9Bbmk-NFKNm-qckG-nyhz_dSzf74R9uMhapQ7SGTEUbpOPMmw7CyoPXe=
bhrW97zhCdvRz-LsUw78368ReRJ9JJIyD5BELCRW5yT8Zp_dKt0RANi0snKiw58zHnmB_olmMcS=
lX6tJ2J_l5xQzaG1Za=2E&_di_=3Dqi52cv8qspam4j71askfqcg2h2ejbtrf68vhq7ds5i53a2=
k4irkg=22 style=3D=22text-decoration: underline; color: =230081F2;=22 targe=
t=3D=22_blank=22>CRM</a>) at <strong>59=2E5% fair value upside</strong> in =
Dominate the Dow=2E</li>
</ul>
</td>
</tr>
<tr>
<td align=3D=22left=22 class=3D=22em_de=
faultlink em_dm_txt_white=22 valign=3D=22top=22 style=3D=22font-family: Ari=
al, sans-serif; font-size: 16px; line-height: 24px; color: =23333333; paddi=
ng: 0 30px;=22>These aren=E2=80=99t the AI names everyone's already watchin=
g and that's the point=2E
</td>
</tr>
<tr>
<td height=3D=2230=22 style=3D=22height=
:30px;=22>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
<tr>
<td height=3D=2230=22 style=3D=22height:30px;=22>
</td>
</tr>
<tr>
<td align=3D=22left=22 class=3D=22em_defaultlink em_dm_=
txt_white em_pad_h2=22 style=3D=22font-family: Arial, sans-serif; font-size=
: 20px; line-height: 1=2E2; color:=23333333; font-weight: 700; padding: 0 1=
8px;=22 valign=3D=22top=22>Should I consider <em>this </em>trade?
</td>
</tr>
<tr>
<td height=3D=2216=22 style=3D=22height:16px;=22>
</td>
</tr>
<tr>
<td align=3D=22center=22 valign=3D=22top=22>
<table align=3D=22center=22 border=3D=220=22 cellpa=
dding=3D=220=22 cellspacing=3D=220=22 width=3D=22100%=22 bgcolor=3D=22=23F1=
F1F1=22 class=3D=22em_dm_grey=22 style=3D=22background-color: =23F1F1F1; bo=
rder-radius: 10px;=22>
<tbody>
<tr>
<td height=3D=2230=22 style=3D=22height=
:30px;=22>
</td>
</tr>
<tr>
<td align=3D=22left=22 class=3D=22em_de=
faultlink em_dm_txt_white=22 valign=3D=22top=22 style=3D=22font-family: Ari=
al, sans-serif; font-size: 16px; line-height: 24px; color: =23333333; paddi=
ng: 0 30px;=22>Kyndryl (KD), the world's largest IT infrastructure services=
provider, just had an ugly quarter, missing on both earnings and revenue, =
with the stock down roughly 70% over the past year=2E
</td>
</tr>
<tr>
<td height=3D=2216=22 style=3D=22height=
:16px;=22>
</td>
</tr>
<tr>
<td align=3D=22left=22 class=3D=22em_de=
faultlink em_dm_txt_white=22 valign=3D=22top=22 style=3D=22font-family: Ari=
al, sans-serif; font-size: 16px; line-height: 24px; color: =23333333; paddi=
ng: 0 30px;=22>It isn't the business breaking down=2E
</td>
</tr>
<tr>
<td height=3D=2216=22 style=3D=22height=
:16px;=22>
</td>
</tr>
<tr>
<td align=3D=22left=22 class=3D=22em_de=
faultlink em_dm_txt_white=22 valign=3D=22top=22 style=3D=22font-family: Ari=
al, sans-serif; font-size: 16px; line-height: 24px; color: =23333333; paddi=
ng: 0 30px;=22>In March, our ProPicks AI models flagged Kyndryl as deeply u=
ndervalued, fast-growing in the right areas, and financially sound=2E It tr=
ades well below InvestingPro's fair value estimate, and the drop tracks gov=
ernance headlines more than the numbers themselves=2E
</td>
</tr>
<tr>
<td height=3D=2216=22 style=3D=22height=
:16px;=22>
</td>
</tr>
<tr>
<td align=3D=22left=22 class=3D=22em_de=
faultlink em_dm_txt_white=22 valign=3D=22top=22 style=3D=22font-family: Ari=
al, sans-serif; font-size: 16px; line-height: 24px; color: =23333333; paddi=
ng: 0 30px;=22>Hyperscaler-related revenue is up 59% year over year, manage=
ment is buying back stock, the balance sheet is solid, and analysts still r=
ate it a Buy=2E
</td>
</tr>
<tr>
<td height=3D=2216=22 style=3D=22height=
:16px;=22>
</td>
</tr>
<tr>
<td align=3D=22left=22 class=3D=22em_de=
faultlink em_dm_txt_white=22 valign=3D=22top=22 style=3D=22font-family: Ari=
al, sans-serif; font-size: 16px; line-height: 24px; color: =23333333; paddi=
ng: 0 30px;=22>To be fair: Kyndryl was spun out of IBM in 2021, and some le=
gacy customers still buy straight from IBM, which is a real hit to revenue,=
though not to margins=2E European sales cycles are stretched too, and last=
year's control weaknesses cost the company its CFO and general counsel=2E
</td>
</tr>
<tr>
<td height=3D=2216=22 style=3D=22height=
:16px;=22>
</td>
</tr>
<tr>
<td align=3D=22left=22 class=3D=22em_de=
faultlink em_dm_txt_white=22 valign=3D=22top=22 style=3D=22font-family: Ari=
al, sans-serif; font-size: 16px; line-height: 24px; color: =23333333; paddi=
ng: 0 30px;=22>None of that touches the hyperscaler story=2E Next earnings =
isn't until August 5, so this is the window to weigh the name on its own te=
rms, before the next print resets the conversation=2E
</td>
</tr>
<tr>
<td height=3D=2230=22 style=3D=22height=
:30px;=22>
</td>
</tr>
<tr>
<td align=3D=22center=22 valign=3D=22to=
p=22 style=3D=22padding: 0 30px;=22>
<table align=3D=22center=22 border=
=3D=220=22 cellpadding=3D=220=22 cellspacing=3D=220=22 style=3D=22border-ra=
dius: 50px; background-color: =23FF6B00; border-collapse: separate;=22>
<tbody>
<tr>
<td align=3D=22center=
=22 class=3D=22em_defaultlink=22 valign=3D=22middle=22 style=3D=22font-fami=
ly: Arial, sans-serif; font-size: 16px; line-height: 1=2E3; font-weight: 70=
0; letter-spacing: -0=2E02em;=22><a href=3D=22https://investingmail=2Ecom/p=
ub/cc?_ri_=3DX0Gzc2X%3DBQjkPkSSSQGzdrLJsAI1Btft6TBXlIF1hGi83pLOeUK3Au2F2CSR=
d6zfkIzgzeyiR458PAnzd2zazaOuzbpJCVXtpKX%3DTBCDTAC&_ei_=3DEW2tf9zs59idfPO1Sc=
_9Bbmk-NFKNm-qckG-nyhz_dSzf74R9uMhapQ7SGTEUbpOPMmw7CyoPXebhrW97zhCdvRz-LsUw=
78368ReRJ9JJIyDw8-Y8OUNUxTWeB-NkIzrKs4kKBwepoBSoG9ucR6_j5Z4ijkMZ42UEoL4W4y_=
xS0=2E&_di_=3D53i39f2qcc70b1ldtk6s02kkrh89mg7d0tkh23g4qts18b383cug=22 targe=
t=3D=22_blank=22 class=3D=22em_pad14_28=22 style=3D=22display: block; color=
: =23ffffff; text-decoration: none; padding: 15px 35px; border-radius: 50px=
;=22>See the Data on Kyndryl</a>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
<tr>
<td height=3D=2230=22 style=3D=22height=
:30px;=22>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
<tr>
<td height=3D=2224=22 style=3D=22height:24px;=22>
</td>
</tr>
<tr>
<td align=3D=22left=22 class=3D=22em_defaultlink em_dm_=
txt_white em_pad_h2=22 style=3D=22font-family: Arial, sans-serif; font-size=
: 16px; line-height: 24px; color:=23333333; padding: 0 18px;=22 valign=3D=
=22top=22>Data correct to 22=2E07=2E2026
</td>
</tr>
</tbody>
</table>
</td>
</tr>
<=21-- Sentiment tracker -->
<table align=3D=22center=22 bgcolor=3D=22=23ffffff=22 border=3D=220=22 cell=
padding=3D=220=22 cellspacing=3D=220=22 class=3D=22em_main_table=22 style=
=3D=22width:620px; table-layout:fixed;=22 width=3D=22620=22>
<tbody dir=3D=22ltr=22>
<tr>
<td align=3D=22center=22 bgcolor=3D=22=23ffffff=22 class=3D=22em_dm_b=
lack=22 valign=3D=22top=22>
<table align=3D=22center=22 border=3D=220=22 cellpadding=3D=220=22 =
cellspacing=3D=220=22 width=3D=22100%=22>
<tbody>
<tr>
<td align=3D=22center=22 bgcolor=3D=22=23FFFFFF=22 class=3D=22em_aside24 =
em_dm_black=22 style=3D=22padding: 0px 45px;=22 valign=3D=22top=22>
<table align=3D=22center=22 border=3D=220=22 cellpadding=3D=220=22 cell=
spacing=3D=220=22 width=3D=22100%=22>
<tbody>
<tr>
<td height=3D=2230=22 style=3D=22height: 30px; font-size: 0px; li=
ne-height: 0px;=22></td>
</tr>
<tr>
<td align=3D=22center=22 class=3D=22em_defaultlink em_dm_txt_whit=
e em_font26=22 style=3D=22font-family: Arial, sans-serif; font-size: 27px; =
line-height: 1=2E3; color: =23000000; font-weight: 700;=22 valign=3D=22top=
=22>
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