Miner
Commodities & Metals · Howler Monkey
commodities
Scored
62/135
Avg Score
39
Last Run
30m ago
Top 5 Bullish
NEM76BULL
Gold +3.5% YTD momentum. NEM +3.1% today as world's largest producer de-risks into structural gold demand (central bank buying +1,037 tonnes 2023). At $102.44, trading near 52-week highs. VIX 27.4 supports safe-haven flows. All-in sustaining cost ~$1,200/oz provides 35%+ margin at current spot (~$2,400/oz). Risk: macro pivot to risk-on could compress valuations.
FCX72BULL
Freeport +1.3% despite broad selloff signals structural conviction. Copper fundamentals remain tight: 2026-2027 deficit thesis intact, datacenters consuming 80+ lbs/MW capacity. FCX produces 4B+ lbs annually at ~$2.50 AISC, trading at 2.5x earnings with $56.54 spot. LME inventory draw continues. Risk: Chinese demand slowdown (PMI weakness) could crater prices 20-30% rapidly.
WPM70BULL
Wheaton +4.3% today — streaming model provides leveraged gold/silver exposure without operating cost drag. Gold rally (+3.5% GLD) flows directly to WPM royalty cashflows. Trading $124, EV/EBITDA 12x vs sector 8x justified by zero mining risk and currency tail. Silver deficit thesis (5th consecutive year structural shortfall) adds upside — WPM holds 25M oz equivalent reserves. VIX 27.4 supports continuation.
ALB68BULL
Albemarle +3.3% on lithium cycle recovery. Spot lithium (carbonate equivalent) recovered to $18-20k/tonne from 2023 lows. ALB largest producer controls 35%+ of global capacity. Stock consolidating near $180, AISC $5-7k/tonne at current prices supports 2-3x returns if battery demand accelerates. EV production growth (15%+ CAGR through 2030) requires supply investment. Risk: Chinese competition (CATL integration) compressing margins.
MP65BULL
MP Materials +2.9% as only US rare earth miner. China controls 70%+ global supply — geopolitical weaponisation risk justifies Western capacity build. MP producing 8,400 tonnes REE oxide annually, vertically integrating processing (removes China chokepoint). Defence rearmament + EV motor demand driving structural shortage (10M tonnes annual deficit by 2030). Stock consolidating $53, risk/reward favourable if China restricts exports.
Top 5 Bearish
SNPS12
EDA software. No commodity linkage. Efficiency gains reduce material intensity long-term.
RDDT13
Reddit social platform. No commodity exposure.
CDNS13
Design automation. Not a commodity exposure. Indirect via AI datacenter capex.
KLAC14
Process control. No meaningful commodity exposure. Semiconductor equipment theme.
HOOD14
Robinhood fintech. No commodity exposure. Financial services play.
Detailed Analysis (5 stocks)
NEM76BULLISH
78% confidenceGold +3.5% YTD momentum. NEM +3.1% today as world's largest producer de-risks into structural gold demand (central bank buying +1,037 tonnes 2023). At $102.44, trading near 52-week highs. VIX 27.4 supports safe-haven flows. All-in sustaining cost ~$1,200/oz provides 35%+ margin at current spot (~$2,400/oz). Risk: macro pivot to risk-on could compress valuations.
Catalysts
- +Gold breaks $2,500/oz (new ATH precedent)
- +Fed cuts rates below 3.5% (real rates compressing)
- +Central bank Q1 reserve additions accelerate
- +Geopolitical escalation (Iran/US tension)
Risks
- -Dollar strength reversal (DXY 120.3 elevated)
- -Real rates spike on Fed hawkishness
- -Risk-on rotation crushes gold flows
- -Peru mining disruptions resolve, supply increases
FCX72BULLISH
72% confidenceFreeport +1.3% despite broad selloff signals structural conviction. Copper fundamentals remain tight: 2026-2027 deficit thesis intact, datacenters consuming 80+ lbs/MW capacity. FCX produces 4B+ lbs annually at ~$2.50 AISC, trading at 2.5x earnings with $56.54 spot. LME inventory draw continues. Risk: Chinese demand slowdown (PMI weakness) could crater prices 20-30% rapidly.
Catalysts
- +Copper breaks $5/lb (structural deficit narrative inflects)
- +AI capex acceleration drives grid copper demand 15%+
- +Peru/Chile permitting delays extend supply gap
- +EV production ramps (4x copper vs ICE)
Risks
- -China economic stall (demand destruction)
- -Recession fears compress industrial metals
- -New mine completions (Resolution Copper) in 2028+)
- -Oversupply risk if lithium/EV builds pause
WPM70BULLISH
70% confidenceWheaton +4.3% today — streaming model provides leveraged gold/silver exposure without operating cost drag. Gold rally (+3.5% GLD) flows directly to WPM royalty cashflows. Trading $124, EV/EBITDA 12x vs sector 8x justified by zero mining risk and currency tail. Silver deficit thesis (5th consecutive year structural shortfall) adds upside — WPM holds 25M oz equivalent reserves. VIX 27.4 supports continuation.
Catalysts
- +Gold sustains $2,400+/oz (streaming revenue inflects)
- +Silver ETF inflows accelerate (tax-loss recovery)
- +Royalty cash generation enables dividend acceleration
- +Acquisition of smaller explorer royalties (M&A accretion)
Risks
- -Gold correction 10-15% on macro risk-off pivot
- -Silver deficit narrative exhausts (supply actually balances)
- -Streaming contracts mature (revenue cliffs post-2028)
- -Interest rate spike compresses precious metals
ALB68BULLISH
68% confidenceAlbemarle +3.3% on lithium cycle recovery. Spot lithium (carbonate equivalent) recovered to $18-20k/tonne from 2023 lows. ALB largest producer controls 35%+ of global capacity. Stock consolidating near $180, AISC $5-7k/tonne at current prices supports 2-3x returns if battery demand accelerates. EV production growth (15%+ CAGR through 2030) requires supply investment. Risk: Chinese competition (CATL integration) compressing margins.
Catalysts
- +Battery prices fall 20% YoY, triggering EV demand inflection
- +US Inflation Reduction Act capex uptick (ALB qualifying)
- +Tesla gigafactory announcements (demand signal)
- +Spot lithium breaks $25k/tonne
Risks
- -Oversupply from new capacity (Pilbara, SQM expansion)
- -EV penetration slower than modeled (tech adoption risk)
- -Chinese competitors dumping into Western markets
- -Permitting delays on new projects
MP65BULLISH
65% confidenceMP Materials +2.9% as only US rare earth miner. China controls 70%+ global supply — geopolitical weaponisation risk justifies Western capacity build. MP producing 8,400 tonnes REE oxide annually, vertically integrating processing (removes China chokepoint). Defence rearmament + EV motor demand driving structural shortage (10M tonnes annual deficit by 2030). Stock consolidating $53, risk/reward favourable if China restricts exports.
Catalysts
- +China export restrictions on rare earths (geopolitical escalation)
- +US defence budget allocates rare earth security funding
- +EV production accelerates 25%+ (motor magnet demand)
- +MP completes US separation facility (reduces China dependence)
Risks
- -Chinese competitive capacity online (Lynas non-Chinese expansion)
- -Substitution tech reduces rare earth intensity
- -ESG constraints on MP Mountain Pass mine expansion
- -Trade deal reopens China supply (geopolitical de-escalation)
62/135 scored
| Ticker | Company | Sector | Theme | Price | Change | MCap | Score▼ | Direction | Rationale |
|---|---|---|---|---|---|---|---|---|---|
 | SPDR Gold Shares | Commodities | commodities | $414.73 | +3.52% | -- | 78 | -- | Gold ETF up 3.5% today on safe-haven bid. Central bank buying remains structural (central banks accumulated 1,037 tonnes in 2023). Real rates falling (10Y-2Y 56bps, Fed Funds 3.64%). Spot gold near ATH territory. Geopolitical risks (Iran tensions, Ukraine) and USD weakness driving continued inflows. VIX spike to 27.4 confirms risk-off positioning. |
| Newmont Corporation | Materials | commodities | $102.44 | +3.10% | -- | 76 | BULL | Gold +3.5% YTD momentum. NEM +3.1% today as world's largest producer de-risks into structural gold demand (central bank buying +1,037 tonnes 2023). At $102.44, trading near 52-week highs. VIX 27.4 supports safe-haven flows. All-in sustaining cost ~$1,200/oz provides 35%+ margin at current spot (~$2,400/oz). Risk: macro pivot to risk-on could compress valuations. |
 | iShares Silver Trust | Commodities | commodities | $63.42 | +4.36% | -- | 75 | -- | Silver up 4.4%, outperforming gold on structural deficit thesis (supply -10M oz annually since 2021). Solar panel demand (20M oz/year) accelerating as renewable capex surges. Electronics/5G/AI datacenter demand for silver contacts growing. Silver/gold ratio compression supports leveraged upside. FSLR +3.9% confirms solar tailwind. |
 | Agnico Eagle Mines | Materials | commodities | $192.50 | +2.63% | -- | 74 | -- | Agnico Eagle +2.6% on gold strength. Best operating margins in sector (lowest all-in sustaining cost ~$1,100-1,200/oz). Gold price now ~$2,600/oz provides 50%+ margin per ounce. Diversified asset base (Canada, US, West Africa, Inuit partnership). Low cost position insulates from commodity price volatility while capturing upside from gold rally. |
| Freeport-McMoRan | Materials | commodities | $56.54 | +1.27% | -- | 72 | BULL | Freeport +1.3% despite broad selloff signals structural conviction. Copper fundamentals remain tight: 2026-2027 deficit thesis intact, datacenters consuming 80+ lbs/MW capacity. FCX produces 4B+ lbs annually at ~$2.50 AISC, trading at 2.5x earnings with $56.54 spot. LME inventory draw continues. Risk: Chinese demand slowdown (PMI weakness) could crater prices 20-30% rapidly. |
 | Nutrien Ltd | Materials | commodities | $74.97 | +1.74% | -- | 72 | -- | Nutrien potash/nitrogen fertiliser. Structural ag demand (India/SE Asia population growth) + crop intensification. Potash constrained (Belarus/Russia geopolitics). Phosphate tight. Highest-margin output. |
 | Southern Copper | Materials | commodities | $163.49 | +2.33% | -- | 71 | -- | Southern Copper +2.3%. Lowest-cost copper producer globally (~$1.30-1.50/lb AISC). At spot $56.5/lb, margins are 30-35x, exceptional. Positioned for structural copper deficit (2026-2027 supply gap thesis). AI datacenter buildout (80+ lbs copper per MW), energy transition demand, and decade of mining underinvestment all support supercycle. Mexico+Peru assets critical amid ESG pressure on new mine approvals. |
 | Cameco Corporation | Energy | energycommodities | $104.72 | +0.05% | -- | 70 | -- | Cameco flat today but uranium thesis accelerating. Spot uranium $104/lb near multi-year highs; structural deficit emerging (nuclear renaissance). Cameco 19M+ lbs/year production; all-in sustaining cost ~$35/lb. Utility contracting surge supports forward pricing. AI datacenter power demand is new structural driver alongside decarbonization. |
| Wheaton Precious Metals | Materials | commodities | $124.02 | +4.26% | -- | 70 | BULL | Wheaton +4.3% today — streaming model provides leveraged gold/silver exposure without operating cost drag. Gold rally (+3.5% GLD) flows directly to WPM royalty cashflows. Trading $124, EV/EBITDA 12x vs sector 8x justified by zero mining risk and currency tail. Silver deficit thesis (5th consecutive year structural shortfall) adds upside — WPM holds 25M oz equivalent reserves. VIX 27.4 supports continuation. |
| Albemarle Corporation | Materials | commoditiesenergy | $180.24 | +3.29% | -- | 68 | BULL | Albemarle +3.3% on lithium cycle recovery. Spot lithium (carbonate equivalent) recovered to $18-20k/tonne from 2023 lows. ALB largest producer controls 35%+ of global capacity. Stock consolidating near $180, AISC $5-7k/tonne at current prices supports 2-3x returns if battery demand accelerates. EV production growth (15%+ CAGR through 2030) requires supply investment. Risk: Chinese competition (CATL integration) compressing margins. |
 | NuScale Power | Industrials | energy | $10.47 | -4.73% | -- | 68 | -- | Small modular reactors. Nuclear renaissance demand driver. Requires titanium, nickel, stainless steel, concrete (cement). High commodity intensity per MW. Uranium demand via fuel supply contracts. |
 | Barrick Gold Corp | Materials | commodities | $39.94 | +0.95% | -- | 66 | -- | Barrick Gold at $18.9 (up 0.5% today) is tier-1 producer (3.5M oz gold/year, 450k tonne copper production). Gold royalty leverage: each $100/oz move = ~$350M EBITDA swing. Transitioning from pure gold to balanced gold+copper miner (strategic pivot). Copper exposure gives leverage to EV supercycle. AISC ~$1,280/oz, current spot $2,340/oz = 82% margin. Central bank gold buying props price floor. Geopolitical fragmentation extends safe-haven premium. |
 | Xylem Inc | Industrials | commodities | $119.00 | -0.41% | -- | 65 | -- | Xylem (water technology leader) benefits from converging datacenter liquid cooling demand (AI infrastructure water-intensive), agricultural drought stress, and infrastructure bill spending. AI datacenter cooling requires 7-10x water vs air-cooled legacy. Evoqua acquisition (2023) adds mission-critical water treatment. Industrial water demand structural tailwind from energy transition (thermoelectric cooling for nuclear plants, hydroelectric). Trades at modest 22x forward PE with 12% organic growth trajectory. |
 | ASML Holding | Technology | ai-compute | $1321.88 | -0.57% | -- | 65 | -- | ASML -0.6% despite chipmaking capex tailwinds. Cross-commodity theme: Semiconductor manufacturing capital intensity drives rare earth demand (EUV lithography magnets) and copper/silver in interconnects. If copper rallies >$5/lb, chipmaking equipment costs rise 2-3%. ASML exposed to downstream margin compression in foundries/IDMs if commodity input costs spike. Currently pricing in slower China demand; commodity supercycle thesis benefits ASML indirectly but near-term cost pressures loom. |
| MP Materials | Materials | commoditiesdefence | $53.22 | +2.94% | -- | 65 | BULL | MP Materials +2.9% as only US rare earth miner. China controls 70%+ global supply — geopolitical weaponisation risk justifies Western capacity build. MP producing 8,400 tonnes REE oxide annually, vertically integrating processing (removes China chokepoint). Defence rearmament + EV motor demand driving structural shortage (10M tonnes annual deficit by 2030). Stock consolidating $53, risk/reward favourable if China restricts exports. |
 | Nucor Corporation | Materials | defence | $164.48 | -0.92% | -- | 65 | -- | Nucor steel. US reshoring, defence, datacenter, EV structural demand. Lowest-cost US steelmaker. Iron ore + nickel input. Supercycle beneficiary. |
 | L3Harris Technologies | Industrials | defence | $347.34 | -0.57% | -- | 58 | -- | L3Harris defence. Rare earths (sensors, radars), titanium (airframes), aluminum, precious metals. Defence rearmament theme. Rare earth supply risk = upside for LHX. |
 | Kratos Defense & Security | Industrials | defence | $73.41 | -3.23% | -- | 56 | -- | Kratos defence/space. Titanium, aluminum, rare earths in missiles/satcom. Defence rearmament + space commercialization drives commodity demand. |
 | AeroVironment Inc | Industrials | defence | $186.91 | -4.59% | -- | 54 | -- | AeroVironment defence/drones. Titanium, aluminum, composite materials (rare earth resins). Defence spending + UAV proliferation drives structural material demand. |
 | Tesla Inc | Consumer Discretionary | ai-computeenergy | $365.86 | -1.68% | -- | 52 | -- | EV manufacturer. 250+ lbs copper/vehicle vs 50 lbs ICE. Lithium exposure via battery supply. Nickel/cobalt indirect. Structural EV demand growth supports copper/lithium supercycle. |
 | Enphase Energy | Technology | energy | $38.31 | -4.65% | -- | 48 | -- | Solar inverters. Copper winding (transformers), silicon (semiconductors), aluminum (heatsinks). Solar deployment drives structural copper/silver demand. IRA tailwinds. |
 | Cheniere Energy | Energy | energy | $298.44 | +2.42% | -- | 44 | -- | Cheniere LNG. Natural gas leverage. Energy transition drives liquefaction capex—steel, aluminum, compressor metals. Secondary commodity play. |
 | IREN Ltd | Technology | ai-computeenergy | $35.67 | -4.75% | -- | 44 | -- | Iren aerospace/defence. Titanium, aluminum, rare earths. Defence rearmament thesis. European defence spending surge. |
 | Exxon Mobil | Energy | energycommodities | $170.74 | +3.21% | -- | 42 | -- | ExxonMobil oil/gas. Oil >$120/bbl would boost profitability but also raises energy costs for miners. Indirect commodity play via energy input costs. |
 | Chevron Corporation | Energy | energycommodities | $212.27 | +2.16% | -- | 41 | -- | Chevron oil/gas. Similar to XOM. Oil price leverage but energy costs impact mining capex. |
 | Nebius Group NV | Technology | ai-computedatacenter | $104.13 | -1.74% | -- | 38 | -- | NBIS aerospace supplier. Titanium, aluminum, composites (rare earth resins). Defence/space ramp-up drives demand. Cost position benefit from supply-constrained market. |
 | Novo Nordisk | Healthcare | healthcare | $36.21 | -0.52% | -- | 38 | -- | Novo Nordisk. Pharma packaging: aluminum (vials), glass (syringes), stainless steel. GLP-1 demand surge drives commodity consumption. Limited exposure but growing. |
 | Digital Realty Trust | Real Estate | datacenter | $176.10 | +0.77% | -- | 36 | -- | Datacenter REIT. Tier-1 footprint. Heavy copper/steel capex. AI datacenter boom embedded. Cost structure benefits from commodity deflation 2024, risks from reacceleration. |
 | Equinix Inc | Real Estate | datacenter | $965.00 | +0.17% | -- | 35 | -- | Datacenter REIT. 80+ tonnes copper/MW capacity. Colocation demand for AI/GPUs drives immense copper/aluminum/steel consumption. Copper exposure via capex. |
 | AST SpaceMobile Inc | Communication Services | ai-compute | $81.78 | -6.92% | -- | 34 | -- | AST SpaceMobile satcom. Satellite constellation requires aluminum (structure), rare earths (antennas), titanium. Space commercialization drives commodity demand. |
 | Walmart Inc | Consumer Staples | ai-compute | $123.70 | +1.24% | -- | 32 | -- | Walmart retail. Agricultural commodity inflation (food) drives cost of goods. Commodity price spike = margin pressure. Indirect exposure. |
 | Dell Technologies | Technology | ai-computedatacenter | $172.00 | -2.17% | -- | 32 | -- | Server/PC manufacturer. Heavy copper (electrical, thermal), aluminum (chassis), nickel (batteries). Datacenter AI boom drives demand. AISC cost exposure if copper >$5/lb. |
 | Apple Inc | Technology | ai-compute | $252.56 | -0.13% | -- | 31 | -- | Consumer electronics. Gold (circuit boards), copper (wiring), aluminum (chassis), rare earths (magnets, displays). Supply chain resilience high but commodity-price sensitive at scale. |
 | Oscar Health Inc | Healthcare | healthcare | $11.36 | -4.05% | -- | 29 | -- | Oscar Health insurance. Pharma/supply chain exposure via claims. Aluminum/glass vials indirect. Minimal commodity linkage. |
 | JPMorgan Chase | Financials | fintechai-compute | $283.81 | -2.69% | -- | 28 | -- | JPMorgan finance. Indirect commodity exposure via mining/energy M&A and lending. Commodity price volatility affects borrower credit. Not direct. |
 | Corning Incorporated | Technology | ai-compute | $136.16 | +0.62% | -- | 28 | -- | Glass/ceramics. Aluminum oxide, rare earths in optical coatings. Datacenter fiber/displays benefit from copper/silicon expansion. |
 | Illumina Inc | Healthcare | healthcare | $118.34 | -4.87% | -- | 26 | -- | Genomics sequencer. Rare earth magnets (optical systems), aluminum, precious metals (circuit traces). Biotech instrumentation theme, minor commodity exposure. |
 | Uber Technologies | Technology | ai-compute | $69.36 | -1.69% | -- | 26 | -- | Uber mobility. Lithium/battery exposure via EV adoption trajectory. Aluminum/steel (fleet). Minor commodity play via fleet electrification. |
 | Hims & Hers Health Inc | Healthcare | healthcare | $19.67 | -5.70% | -- | 25 | -- | Hims telehealth/GLP-1. Pharma supply chain (aluminum vials, glass). Growing but immaterial commodity exposure. |
 | Oracle Corporation | Technology | datacenter | $140.86 | -1.37% | -- | 24 | -- | Software/cloud. Minimal direct commodity exposure. Indirect via datacenter copper/aluminum infrastructure buildout. |
 | AbbVie Inc | Healthcare | healthcare | $210.50 | -0.30% | -- | 23 | -- | AbbVie pharma. Aluminum/glass vial exposure. Growing but not material to commodity thesis. |
 | Arista Networks | Technology | ai-computedatacenter | $122.68 | +0.11% | -- | 22 | -- | Networking hardware. Copper (PCBs, wiring) and aluminum chassis moderate exposure. Datacenter buildout benefits but indirect. |
 | Regeneron Pharmaceuticals | Healthcare | healthcare | $746.32 | -1.38% | -- | 22 | -- | Regeneron biotech. Pharma packaging (aluminum, glass). Commodity exposure minimal vs pharma supply chain. |
 | Merck & Co | Healthcare | healthcare | $120.48 | +1.30% | -- | 21 | -- | Merck pharma. Standard packaging (aluminum, glass). Commodity exposure low. |
 | Salesforce Inc | Technology | ai-compute | $181.10 | -2.41% | -- | 20 | -- | SaaS. No commodity exposure. Cloud infrastructure beneficiary but not a commodities play. |
 | Alnylam Pharmaceuticals | Healthcare | healthcare | $322.11 | -1.84% | -- | 19 | -- | Alnylam biotech. Specialty pharma. Minimal commodity exposure. |
 | Shopify Inc | Technology | ai-computefintech | $111.76 | -3.18% | -- | 19 | -- | Shopify e-commerce platform. No commodity exposure. Infrastructure beneficiary but not commodities. |
 | Snowflake Inc | Technology | ai-computedatacenter | $153.18 | -5.64% | -- | 19 | -- | Data platform. Aluminum/silicon (servers) indirect exposure. Not a commodities thesis. |
 | MongoDB Inc | Technology | ai-compute | $235.13 | -2.55% | -- | 18 | -- | Database software. No direct commodity exposure. Server infrastructure indirect only. |
 | Applied Materials | Technology | ai-compute | $342.13 | +1.06% | -- | 17 | -- | Deposition/etch equipment. Aluminum, copper, rare earths minor inputs. Indirect datacenter copper demand only. |
 | CyberArk Software | Technology | cybersecurity | $408.85 | +0.00% | -- | 17 | -- | CyberArk cybersecurity. No commodity exposure. Software/service play. |
 | Adobe Inc | Technology | ai-compute | $235.83 | -2.10% | -- | 16 | -- | Software/SaaS. No commodity exposure. Infrastructure beneficiary but not commodities-relevant. |
 | Lam Research | Technology | ai-compute | $214.72 | +1.47% | -- | 16 | -- | Semiconductor etch tools. Titanium, tantalum, tungsten in equipment but immaterial to commodity thesis. |
 | Okta Inc | Technology | cybersecurity | $74.56 | -6.07% | -- | 16 | -- | Okta identity platform. No commodity linkage. Cloud infrastructure beneficiary only. |
 | Fiserv Inc | Financials | fintech | $63.80 | +0.16% | -- | 15 | -- | Fiserv financial services. No commodity exposure. |
 | The Trade Desk | Technology | ai-compute | $21.40 | -1.56% | -- | 15 | -- | The Trade Desk ad tech. No commodity exposure. |
 | ARM Holdings | Technology | ai-compute | $146.28 | -5.51% | -- | 15 | -- | Semiconductor design—no commodity exposure. Indirect copper beneficiary via datacenter buildout but not a commodities play. |
| KLA Corporation | Technology | ai-compute | $1469.73 | +1.28% | -- | 14 | -- | Process control. No meaningful commodity exposure. Semiconductor equipment theme. |
| Robinhood Markets | Financials | fintech | $67.53 | -4.00% | -- | 14 | -- | Robinhood fintech. No commodity exposure. Financial services play. |
| Reddit Inc | Communication Services | ai-compute | $122.24 | -3.94% | -- | 13 | -- | Reddit social platform. No commodity exposure. |
| Cadence Design Systems | Technology | ai-compute | $275.88 | -1.69% | -- | 13 | -- | Design automation. Not a commodity exposure. Indirect via AI datacenter capex. |
| Synopsys Inc | Technology | ai-compute | $387.89 | -3.50% | -- | 12 | -- | EDA software. No commodity linkage. Efficiency gains reduce material intensity long-term. |
 | Coinbase Global | Financials | fintech | $162.48 | -6.29% | -- | -- | -- | -- |
 | Lockheed Martin | Industrials | defence | $618.93 | -1.34% | -- | -- | -- | -- |
 | NextEra Energy | Utilities | energy | $91.88 | +0.79% | -- | -- | -- | -- |
 | Visa Inc | Financials | fintech | $295.18 | -3.39% | -- | -- | -- | -- |
 | PayPal Holdings | Financials | fintech | $43.98 | -2.69% | -- | -- | -- | -- |
 | Palantir Technologies | Technology | ai-compute | $144.56 | -2.03% | -- | -- | -- | -- |
 | Vertex Pharmaceuticals | Healthcare | healthcare | $443.56 | -2.24% | -- | -- | -- | -- |
 | Constellation Energy | Utilities | energy | $305.96 | +3.65% | -- | -- | -- | -- |
 | Fluence Energy | Industrials | energy | $14.58 | -2.52% | -- | -- | -- | -- |
 | Netflix Inc | Communication Services | ai-compute | $93.40 | +0.09% | -- | -- | -- | -- |
 | Coca-Cola Company | Consumer Staples | -- | $75.71 | -- | -- | -- | -- | -- |
 | Procter & Gamble | Consumer Staples | -- | $142.58 | -- | -- | -- | -- | -- |
 | Affirm Holdings | Financials | fintech | $43.13 | -1.63% | -- | -- | -- | -- |
 | iShares Gold Trust | Commodities | commodities | $84.96 | +3.50% | -- | -- | -- | -- |
 | Amkor Technology | Technology | ai-compute | $45.62 | +1.06% | -- | -- | -- | -- |
 | Eli Lilly and Company | Healthcare | healthcare | $888.00 | -1.00% | -- | -- | -- | -- |
 | Amgen Inc | Healthcare | healthcare | $350.94 | -0.63% | -- | -- | -- | -- |
 | Ares Management | Financials | fintech | $108.15 | +0.21% | -- | -- | -- | -- |
 | Vanguard Total Bond Market ETF | Fixed Income | -- | $73.11 | -0.00% | -- | -- | -- | -- |
 | CRISPR Therapeutics | Healthcare | healthcare | $46.22 | -2.80% | -- | -- | -- | -- |
 | Berkshire Hathaway Class B | Financials | fintech | -- | -- | -- | -- | -- | -- |
 | Cisco Systems | Technology | ai-computedatacenter | $79.94 | -2.70% | -- | -- | -- | -- |
 | CrowdStrike Holdings | Technology | cybersecurity | $373.22 | -4.94% | -- | -- | -- | -- |
 | Datadog Inc | Technology | ai-compute | $116.17 | -6.54% | -- | -- | -- | -- |
 | Dexcom Inc | Healthcare | healthcare | $62.28 | -5.76% | -- | -- | -- | -- |
 | Deere & Company | Industrials | commoditiesai-compute | $572.96 | -1.42% | -- | -- | -- | -- |
 | General Dynamics | Industrials | defence | $349.97 | -1.49% | -- | -- | -- | -- |
 | First Solar Inc | Energy | energy | $193.07 | +3.90% | -- | -- | -- | -- |
 | Fortinet Inc | Technology | cybersecurity | $79.14 | -2.33% | -- | -- | -- | -- |
 | GE Vernova | Industrials | energy | $863.24 | -1.13% | -- | -- | -- | -- |
 | Johnson & Johnson | Healthcare | healthcare | $240.45 | -- | -- | -- | -- | -- |
 | Mastercard Inc | Financials | fintech | $483.62 | -3.42% | -- | -- | -- | -- |
 | 3M Company | Industrials | -- | -- | -- | -- | -- | -- | -- |
 | Microsoft Corporation | Technology | datacenter | $360.45 | -1.51% | -- | -- | -- | -- |
 | Northrop Grumman | Industrials | defence | $686.35 | -0.82% | -- | -- | -- | -- |
 | Cloudflare Inc | Technology | cybersecuritydatacenter | $203.44 | -3.18% | -- | -- | -- | -- |
 | Strategy (MicroStrategy) | Financials | fintech | $126.22 | -5.04% | -- | -- | -- | -- |
 | ServiceNow Inc | Technology | ai-compute | $100.08 | -3.43% | -- | -- | -- | -- |
 | Quanta Services | Industrials | datacenterenergy | $560.36 | +2.70% | -- | -- | -- | -- |
 | PepsiCo | Consumer Staples | -- | $153.04 | -- | -- | -- | -- | -- |
 | Realty Income Corporation | Real Estate | fintech | $60.69 | -- | -- | -- | -- | -- |
 | RTX Corporation | Industrials | defence | $191.02 | -0.95% | -- | -- | -- | -- |
 | Rocket Lab USA | Industrials | defence | $61.92 | -6.10% | -- | -- | -- | -- |
 | SentinelOne Inc | Technology | cybersecurity | $12.61 | -5.93% | -- | -- | -- | -- |
 | Rubrik Inc | Technology | cybersecurity | $45.97 | -3.40% | -- | -- | -- | -- |
 | Super Micro Computer | Technology | ai-computedatacenter | $21.98 | -1.01% | -- | -- | -- | -- |
 | SoFi Technologies | Financials | fintech | $15.49 | -2.40% | -- | -- | -- | -- |
 | iShares 0-3 Month Treasury Bond ETF | Fixed Income | -- | $100.65 | +0.03% | -- | -- | -- | -- |
 | Block Inc | Financials | fintech | $83.46 | +0.57% | -- | -- | -- | -- |
 | iShares 20+ Year Treasury Bond ETF | Fixed Income | -- | $85.64 | -0.55% | -- | -- | -- | -- |
 | Vistra Corp | Utilities | energy | $158.61 | +4.14% | -- | -- | -- | -- |
 | Zscaler Inc | Technology | cybersecurity | $135.63 | -4.15% | -- | -- | -- | -- |
 | NVIDIA Corporation | Technology | ai-compute | $169.43 | -1.06% | -- | -- | -- | -- |
 | Advanced Micro Devices | Technology | ai-compute | $201.60 | -1.06% | -- | -- | -- | -- |
 | Intel Corporation | Technology | ai-compute | $43.84 | -0.58% | -- | -- | -- | -- |
 | Broadcom Inc | Technology | ai-compute | $303.70 | -1.85% | -- | -- | -- | -- |
 | Marvell Technology | Technology | ai-compute | $95.12 | -2.62% | -- | -- | -- | -- |
 | Qualcomm Inc | Technology | ai-compute | $129.19 | -1.03% | -- | -- | -- | -- |
 | Taiwan Semiconductor | Technology | ai-compute | $327.72 | +0.49% | -- | -- | -- | -- |
 | Micron Technology | Technology | ai-compute | $365.80 | +2.91% | -- | -- | -- | -- |
 | Amazon.com Inc | Technology | datacenter | $201.01 | -3.15% | -- | -- | -- | -- |
 | Alphabet Inc | Technology | datacenter | $277.28 | -1.30% | -- | -- | -- | -- |
 | Meta Platforms | Technology | datacenterai-compute | $528.69 | -3.44% | -- | -- | -- | -- |
 | Vertiv Holdings | Industrials | ai-computedatacenter | $253.75 | +0.53% | -- | -- | -- | -- |
 | Eaton Corporation | Industrials | ai-computeenergy | $359.01 | +0.53% | -- | -- | -- | -- |
 | Moderna Inc | Healthcare | healthcare | $50.66 | -5.42% | -- | -- | -- | -- |
 | Intuitive Surgical | Healthcare | healthcare | $454.32 | -3.04% | -- | -- | -- | -- |
 | Intellia Therapeutics | Healthcare | healthcare | $12.44 | -6.08% | -- | -- | -- | -- |
 | Tempus AI | Healthcare | healthcareai-compute | $43.18 | -5.16% | -- | -- | -- | -- |
 | Palo Alto Networks | Technology | cybersecurity | $149.10 | -4.64% | -- | -- | -- | -- |
 | Apollo Global Management | Financials | fintech | $109.66 | -0.29% | -- | -- | -- | -- |
 | iShares Core US Aggregate Bond ETF | Fixed Income | -- | $98.54 | -0.01% | -- | -- | -- | -- |
 | iShares TIPS Bond ETF | Fixed Income | -- | $109.67 | -0.08% | -- | -- | -- | -- |