: Only purchase if the current price is at a significant discount (e.g., 50%) to the calculated fair value.
: In 2026, favored themes include AI infrastructure (power generation, data centers) and alternative asset managers . 4. Step-by-Step Selection Workflow Stock Selection with Fundamental Analysis
: Durable edges such as proprietary technology, global scale, or high barriers to entry. : Only purchase if the current price is
Fundamental analysis determines a stock's intrinsic value by examining financial statements, leadership quality, and economic conditions . As of April 2026, market analysts highlight that "fundamentals matter more" as growth leadership broadens beyond mega-cap technology . 1. Macroeconomic Context (April 2026) Step-by-Step Selection Workflow : Durable edges such as
: High insider ownership often indicates strong leadership confidence.
: Analysts project 14% to 16% annual EPS growth for 2026, a high bar that requires strict fundamental validation. Key Risks : Elevated interest rates (currently 3.50%–3.75%). Geopolitical uncertainty affecting energy prices. Potential overvaluation in AI-related sectors . 2. Quantitative Screening Criteria