Six Growth Themes

1. AI/Datacenter Infrastructure

  • VRT — Datacenter power/thermal management, Forward PE 36.7x, +199.8% YTD
  • CEG — AI nuclear power revival, Forward PE 22.2x, 21% upside
  • VST — Independent power/AI electricity demand, Forward PE 15.0x, 37% upside
  • CARR — Datacenter cooling/HVAC, Forward PE 20.3x

2. Healthcare (Devices/Diagnostics)

  • ISRG — AI-assisted surgery, Forward PE 37.0x (rich)
  • ABT — AI diagnostic tools, Forward PE 14.3x (cheap)
  • TMO — AI drug discovery, Forward PE 16.4x (cheap)

3. Pharma

  • LLY — GLP-1 weight loss drugs, Forward PE 42.2x (rich)
  • ABBV — Immunology/oncology, Forward PE 13.1x, 3.25% dividend
  • AMGN — Biosimilars, Forward PE 12.5x
  • GILD — HIV/oncology, Forward PE 13.9x

4. Cybersecurity

  • PANW — AI security platform, Forward PE 64.5x (expensive)
  • CRWD — AI threat detection, Forward PE 109x (very expensive)
  • FTNT — Network security, Forward PE 35.5x

5. Aerospace/Defense

  • GE — Aerospace engine monopoly, Forward PE 34.9x
  • LMT — Defense budget growth, Forward PE 17.4x
  • RTX — Aerospace/defense, Forward PE 16.7x
  • NOC — B-21 stealth bomber, Forward PE 18.7x
  • RKLB — Commercial space, +370% YTD (not profitable)

6. Big Tech/Consumer

  • AMZN — AI + cloud, Forward PE 30.8x
  • GOOGL — AI search, Forward PE 15.3x (cheap)
  • META — AI recommendation, Forward PE 16.9x (cheap)

Highlights

  • 🟢 Best value: ABBV (13.1x, 3.25% dividend), META (16.9x, 35% upside)
  • 🔴 Valuation risk: CRWD (109x), PANW (64.5x), RKLB (no profit, +370%)
  • ⚡ Strong themes: VRT (AI thermal), CEG/VST (nuclear), LLY (GLP-1)