Best ideas to watch — Spring 2026

Recent ideas

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position Spring 2026
NOV National Oilwell Varco, Inc.
inconclusive

Gavin Baker believes that National Oilwell Varco will benefit from increased capital expenditures in the oil service sector as the equipment is aging and needs replacement. Although the stock has rise

position Spring 2026
SLB Schlumberger Limited
inconclusive

Schlumberger is included in the portfolio alongside housing exposure due to its potential recovery in the oilfield services sector as demand for capital equipment increases. The company is expected to

position Spring 2026
LEN Lennar Corporation
inconclusive

Lennar, like D.R. Horton, has gained market share in the housing sector due to its scale advantages and efficiencies. The company is expected to continue benefiting from the ongoing consolidation in t

position Spring 2026
DHI D.R. Horton, Inc.
inconclusive

D.R. Horton has significantly increased its market share in the housing industry, growing from 8.2% in 2018 to approximately 13% in 2025. The company benefits from efficiencies of scale in land acquis

position Spring 2026
TOL Toll Brothers, Inc.
inconclusive

Atreides Management owns close to 6% of Toll Brothers, which is one of their two largest positions in the homebuilding sector, indicating strong confidence in the company's prospects.

pitch Spring 2026
NVR NVR, Inc.
inconclusive

NVR is a superb company that has averaged 16x earnings for the last decade. With other homebuilders becoming asset-light, NVR should trade at a similar multiple. The company is well-positioned and man

position Spring 2026
WHR Whirlpool Corporation
inconclusive

Whirlpool has seen significant profits in the appliance sector, indicating a strong business performance.

position Spring 2026
LII Lennox International Inc.
inconclusive

Lennox has performed well in the HVAC sector, benefiting from strong demand and a solid business model.

position Spring 2026
NVR NVR, Inc.
inconclusive

NVR has successfully implemented a land-light model, which has transformed homebuilding into a more profitable business by reducing debt and increasing share repurchases. This strategy allows them to

position Spring 2026
FDX FedEx Corporation
inconclusive

Baker mentions that despite projecting certain outcomes for FedEx that did not materialize, the investment still yielded a return of 7-8% per year over 7-8 years, indicating a long-term positive outlo

position Spring 2026
GM General Motors Company
inconclusive

Gavin Baker believes that General Motors is undervalued due to a misperception in the market regarding its cash flow and share repurchase strategy. With a low PE ratio and significant revenue growth p

pitch Spring 2026
GM General Motors Company
+14.6% inconclusive

General Motors is misperceived as just an automobile company, but it actually has a strong position in the body-on-frame truck market, which is an oligopoly with high profit margins. This segment acco

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