**Rating**: Underweight **Executive Summary**: Reduce XOM position by 20-30% from current weighting to align with an Underweight stance. Execute the reduction this week in one to two tranches at or near current levels (~$145). Set a hard stop-loss at $130 on the remaining positi…

**Rating**: Sell **Executive Summary**: Sell WMT into any strength at current levels (~$115.75). The stock is testing the 200-day SMA ($114.60) on historic distribution volume (53M and 42M share days), with MACD at -2.53 accelerating lower and RSI at 28.96. The 41x trailing P/E …

**Rating**: Hold **Executive Summary**: Maintain current Visa (V) position at $326.36 with a dynamic risk management framework. Do not add new shares until a confirmed break above $332 on volume exceeding 10 million shares, or a positive MACD histogram turn. Do not sell unless $…

**Rating**: Hold **Executive Summary**: Maintain current UNH position at existing weighting. Do not add or trim. The stock sits at ~$380 with the Golden Cross intact and a forward P/E of 18.2x (discount to 5-year average of 21x), supported by Q1 2026 EPS of $6.90 and Bernstein's…

**Rating**: Overweight **Executive Summary**: Initiate a phased 2% position in NVDA at $210 with a hard stop at $185. Place remaining 2-3% allocation on the sidelines with limit orders at $195, $190, and $185 to scale in on deeper pullbacks. This structure captures the extraordi…

**Rating**: Hold **Executive Summary**: Maintain current NEE position at neutral weight. No additions or reductions. The stock sits at ~$87, down 12% from its high, with the 200-day SMA at $84.44 and lower Bollinger Band at $84.89 forming a critical support confluence. The Domin…

**Rating**: Overweight **Executive Summary**: Initiate MSFT at 40-50bps overweight relative to benchmark with a phased scale-in approach. Phase 1: 25% at $448 (market). Phase 2: 40% limit at $435-440 (upper Bollinger Band support zone). Phase 3: 35% limit at $420-425 (rising 10-…

**Rating**: Hold **Executive Summary**: Maintain JPM at market weight (~$299). Do not add or reduce. Set a tiered buy limit at $293 (Bollinger lower band) and $288 (March low cluster) for gradual accumulation on weakness. Place a hard stop-loss on the entire position at $282 (be…

**Rating**: Hold **Executive Summary**: Maintain CVX at benchmark weight with no directional action. The aggressive bull case (ceasefire collapse, oil spike to $150, Hess optionality) and the conservative bear case (negative FCF, tripled debt, technical distribution) are both le…

**Rating**: Hold **Executive Summary**: Maintain current COST position at existing sizing (4-5% of portfolio). Do not add, do not trim. Set a conditional buy limit order at $928–$935 for a 1-2% portfolio addition if price reaches that zone. Set a stop-loss/review trigger at $920…