Jun. 26 at 2:43 PM
Everyone’s crowded into AI right now - and that’s fine, momentum is momentum. But portfolios don’t survive on momentum alone.
I still think high-growth names belong in the core of a strong book, but you need balance when the cycle shifts.
These are the defensive / turnaround setups I’m watching more closely:
$DG - value retail, tends to hold up in weaker macro. If sentiment resets, I see a path toward a broader recovery phase with upside potential back toward ~
$240+ over time.
$NKE - global brand with a heavy reset already in motion. I’m watching for a base-building phase somewhere in the ~
$50–
$20 region before any sustained reversal can develop.
$NVO - still a longer-cycle healthcare compounder in my view. I think the eventual bottoming process could extend into the ~
$31–
$16 range before trend reassertion toward higher levels like ~
$80+.
$UNH - not convinced the bottom is fully in yet. Watching for a deeper washout zone in the ~
$211–
$118 area before longer-term value really emerges.
Not calling exact bottoms here - just mapping where risk starts to shift from breakdown to opportunity.
