Value Pick of the Week

No Value Pick this week, although we’ll be looking at Tapestry (TPR), the upscale producer of the Coach and Kate Spade brands, again next week — it met the technical qualifications this week despite dropping 1.0%, and has a 1-year target that implies a 46.6% gain.

Market Summary

The S&P 500 gained 1.2% last week, with all the heavy lift coming on Monday when the S&P rose 1.5%, then lost a net 0.3% over the rest of the week.

  • Oil fell ~8% during the week as Saudi Arabia moved to restore its pipeline capacity and the U.S. and Iran conducted negotiations at the UN General Assembly.
  • The tech sector, a major driver of the S&P, had another good week, picking up 2.8%.
  • Market breadth stayed weak. Something I look at each week is the ratio of companies above versus below the statistical control limits of the 700+ companies in the Watch List. This week 55 companies are above and 194 are below (0.28). A ratio of 1 or higher is what we like to see.

How Our Picks Fared

Our past picks did well, gaining 1.1% versus the S&P 500 to stand at +22.4%, led by ON Semiconductor (ON) and Meta Platforms (META).

📈 ON Semiconductor (ON) rose 10.3%

  • The week before last, on September 16, ON held a “Financial Analysts Day” and announced that it expected its Compound Annual Growth Rate (CAGR) for revenue to be 12%–14% through 2030.
  • Analysts considered this good news to be too distant to pay for, and ON dropped ~9%.
  • After a few days of considering the good news, and seeing other semiconductor companies like Intel (INTC) and Advanced Micro Devices (AMD) picking up double-digit gains, the market relented and ON bounced back.

📈 Meta Platforms (META) rose 13.0%

  • Meta launched Muse, its personal AI agent, on September 8, 2026. It’s meant to do things, not just chat — it can send email, fill out forms, book travel, buy concert tickets, reserve a table, shop, and more.
  • Last week Muse became the #1 app in the U.S. iOS App Store, passing ChatGPT, and was the catalyst for an 11.4% bounce on Monday alone. Multiple analysts raised their targets for META on Wednesday, with some as high as $995 (+32.4%) — this is an estimate, not corporate guidance.

📈 Apple (AAPL) — six straight weekly gains

  • Apple didn’t rise or fall by more than 10% during the past week, but it has quietly risen for six consecutive weeks, gaining 10.3% since its close on August 14th and reaching an all-time high of $354.34 on September 22nd.

Past Picks Review

No review this week — Freight & Logistics Services next week.

Have a great week!

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