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Stock research

Every stock, read through the flows.

Independent research on 470 stocks across all 11 market sectors. For each name: what the company does, the macro forces that move it, and whether Congress is trading it.

Communication Services

Internet platforms, media, gaming, and telecom — advertising-driven mega-caps sitting alongside capital-intensive carriers.

21 stocks

Alphabet Inc.

GOOGL

Alphabet is the parent of Google, which operates the world's dominant search engine, YouTube, the Android platform, and the Google Cloud business.

Meta Platforms, Inc.

META

Meta owns Facebook, Instagram, WhatsApp, and Messenger, reaching billions of users through advertising-supported social platforms.

Netflix, Inc.

NFLX

Netflix is the largest subscription streaming service, producing and licensing film and television content for a global audience.

The Walt Disney Company

DIS

Disney spans film and television studios, theme parks and resorts, consumer products, and the Disney+ streaming service.

Comcast Corporation

CMCSA

Comcast is a major US cable and broadband provider that also owns NBCUniversal and the Peacock streaming platform.

AT&T Inc.

T

AT&T is one of the largest US wireless carriers and a major provider of fiber broadband.

Verizon Communications Inc.

VZ

Verizon operates a leading US wireless network alongside a growing fiber and broadband footprint.

T-Mobile US, Inc.

TMUS

T-Mobile is a major US wireless carrier known for its early nationwide 5G rollout following its merger with Sprint.

Alphabet Inc.

GOOG

Alphabet's Class C shares represent the parent of Google, whose businesses span search, YouTube, Android, cloud, and AI research..

Charter Communications, Inc.

CHTR

Charter Communications provides broadband, cable TV, and mobile service under the Spectrum brand..

Electronic Arts Inc.

EA

Electronic Arts develops and publishes video games including its EA Sports franchises, Battlefield, and The Sims..

Take-Two Interactive Software, Inc.

TTWO

Take-Two Interactive publishes blockbuster video games including Grand Theft Auto, NBA 2K, and titles from Zynga..

Warner Bros. Discovery, Inc.

WBD

Warner Bros.

Omnicom Group Inc.

OMC

Omnicom is a global advertising and marketing holding company managing agencies across media, PR, and digital..

The Interpublic Group of Companies, Inc.

IPG

Interpublic Group operates a network of advertising, media-buying, and marketing agencies for global brands..

Live Nation Entertainment, Inc.

LYV

Live Nation Entertainment promotes concerts, operates venues, and runs the Ticketmaster ticketing platform..

Fox Corporation

FOXA

Fox Corporation owns Fox News, the Fox broadcast network, and Fox Sports television operations..

Fox Corporation

FOX

Fox Corporation's non-voting shares represent its portfolio of news, sports, and broadcast television businesses..

News Corporation

NWSA

News Corp publishes newspapers and books and owns Dow Jones, realtor.com, and digital real-estate listings..

News Corporation

NWS

News Corp's Class B shares represent its media, publishing, and digital real-estate holdings..

Match Group, Inc.

MTCH

Match Group operates online dating apps including Tinder, Hinge, and Match.com..

Consumer Discretionary

Retail, autos, travel, and restaurants — spending that expands when confidence and real incomes rise, and contracts first when they fall.

48 stocks

Amazon.com, Inc.

AMZN

Amazon runs the largest US e-commerce marketplace and, through AWS, the leading cloud-computing platform.

Tesla, Inc.

TSLA

Tesla is the leading maker of battery-electric vehicles and a producer of energy-storage and solar products.

The Home Depot, Inc.

HD

Home Depot is the largest US home-improvement retailer, serving both do-it-yourself consumers and professional contractors.

McDonald's Corporation

MCD

McDonald's operates and franchises one of the world's largest fast-food restaurant systems across more than 100 countries.

NIKE, Inc.

NKE

Nike is the world's largest athletic footwear and apparel brand, selling through wholesale partners and a growing direct-to-consumer channel.

Starbucks Corporation

SBUX

Starbucks operates and licenses the largest chain of coffeehouses in the world, with China as a key growth and competitive battleground.

Lowe's Companies, Inc.

LOW

Lowe's is the second-largest US home-improvement retailer, competing directly with Home Depot for DIY and pro customers.

Booking Holdings Inc.

BKNG

Booking Holdings operates leading online travel brands including Booking.com, Priceline, and Kayak.

The TJX Companies, Inc.

TJX

TJX runs off-price retail chains such as T.J.

General Motors Company

GM

General Motors is a major US automaker whose brands include Chevrolet, GMC, Buick, and Cadillac.

Ford Motor Company

F

Ford is one of the oldest US automakers, best known for the F-Series pickups that anchor its profits.

O'Reilly Automotive, Inc.

ORLY

O'Reilly Automotive sells replacement auto parts, tools, and accessories to retail customers and professional mechanics..

AutoZone, Inc.

AZO

AutoZone is a leading retailer of aftermarket automotive parts and accessories across the Americas..

Marriott International, Inc.

MAR

Marriott International franchises and manages a global portfolio of hotel brands spanning luxury to economy..

Hilton Worldwide Holdings Inc.

HLT

Hilton operates and franchises a worldwide network of hotels and resorts across multiple lodging brands..

Chipotle Mexican Grill, Inc.

CMG

Chipotle Mexican Grill operates a fast-casual restaurant chain serving made-to-order burritos, bowls, and tacos..

Ross Stores, Inc.

ROST

Ross Stores runs off-price retail chains Ross Dress for Less and dd's Discounts selling discounted apparel and home goods..

Yum! Brands, Inc.

YUM

Yum! Brands franchises the KFC, Taco Bell, and Pizza Hut fast-food chains worldwide..

D.R. Horton, Inc.

DHI

D.R.

Lennar Corporation

LEN

Lennar builds single-family homes and provides related mortgage and title services across the United States..

NVR, Inc.

NVR

NVR builds homes under Ryan Homes and other brands and operates a mortgage-banking arm..

PulteGroup, Inc.

PHM

PulteGroup constructs and sells homes for first-time, move-up, and active-adult buyers nationwide..

Garmin Ltd.

GRMN

Garmin makes GPS navigation and wearable devices for fitness, aviation, marine, and automotive uses..

eBay Inc.

EBAY

eBay operates a global online marketplace connecting buyers and sellers of new and used goods..

Aptiv PLC

APTV

Aptiv supplies electrical architecture, sensors, and software that power advanced safety and connected-vehicle features..

Tractor Supply Company

TSCO

Tractor Supply is a rural-lifestyle retailer selling farm supplies, pet products, tools, and equipment..

Darden Restaurants, Inc.

DRI

Darden Restaurants owns full-service dining chains including Olive Garden and LongHorn Steakhouse..

lululemon athletica inc.

LULU

Lululemon designs and sells premium athletic apparel and accessories for yoga, running, and training..

Expedia Group, Inc.

EXPE

Expedia Group operates online travel booking brands including Expedia, Hotels.com, and Vrbo..

Ulta Beauty, Inc.

ULTA

Ulta Beauty runs specialty stores selling cosmetics, skincare, fragrance, and salon services..

Genuine Parts Company

GPC

Genuine Parts distributes automotive replacement parts through NAPA and industrial parts to businesses..

Pool Corporation

POOL

Pool Corporation is the largest wholesale distributor of swimming-pool supplies and outdoor-living products..

Best Buy Co., Inc.

BBY

Best Buy is a consumer-electronics retailer selling computers, appliances, and gadgets with in-home tech services..

Domino's Pizza, Inc.

DPZ

Domino's Pizza operates and franchises a global pizza-delivery and carryout chain built around digital ordering..

Hasbro, Inc.

HAS

Hasbro makes toys and games and licenses entertainment brands including Magic: The Gathering and Dungeons & Dragons..

CarMax, Inc.

KMX

CarMax is the largest US used-car retailer, selling vehicles through stores and an online platform..

Las Vegas Sands Corp.

LVS

Las Vegas Sands develops and operates integrated resorts and casinos concentrated in Macao and Singapore..

Wynn Resorts, Limited

WYNN

Wynn Resorts owns luxury casino resorts in Las Vegas and Macao and is developing new properties..

MGM Resorts International

MGM

MGM Resorts operates casino hotels on the Las Vegas Strip and in regional markets plus online gaming..

Caesars Entertainment, Inc.

CZR

Caesars Entertainment runs casinos and resorts across the US along with a digital sports-betting platform..

Royal Caribbean Cruises Ltd.

RCL

Royal Caribbean operates cruise lines offering vacation voyages across global itineraries..

Carnival Corporation & plc

CCL

Carnival is the world's largest cruise operator, running multiple cruise brands on itineraries worldwide..

Norwegian Cruise Line Holdings Ltd.

NCLH

Norwegian Cruise Line Holdings operates cruise brands offering leisure voyages across global destinations..

Deckers Outdoor Corporation

DECK

Deckers designs and markets footwear and apparel brands including UGG and HOKA..

Tapestry, Inc.

TPR

Tapestry owns the Coach, Kate Spade, and Stuart Weitzman accessories and fashion brands..

Ralph Lauren Corporation

RL

Ralph Lauren designs and markets premium apparel, accessories, and home goods under its namesake lifestyle brands..

Williams-Sonoma, Inc.

WSM

Williams-Sonoma is a home-furnishings retailer with brands including Pottery Barn, West Elm, and its namesake stores..

LKQ Corporation

LKQ

LKQ distributes alternative and recycled collision and mechanical auto parts to repair shops..

Consumer Staples

Food, beverages, household goods, and tobacco — the classic defensive sector where pricing power meets inelastic demand.

34 stocks

Walmart Inc.

WMT

Walmart is the world's largest retailer by revenue, operating supercenters, warehouse clubs, and a fast-growing e-commerce and advertising business.

Costco Wholesale Corporation

COST

Costco runs a membership warehouse-club model that earns much of its profit from annual membership fees rather than product markups.

The Procter & Gamble Company

PG

Procter & Gamble makes household and personal-care brands such as Tide, Pampers, Gillette, and Crest.

The Coca-Cola Company

KO

Coca-Cola is the world's largest nonalcoholic beverage company, selling sparkling drinks, water, juice, and coffee through a global bottling network.

PepsiCo, Inc.

PEP

PepsiCo combines a global beverage business with the Frito-Lay and Quaker snack and food franchises.

Philip Morris International Inc.

PM

Philip Morris International sells tobacco products outside the United States and is shifting toward smoke-free alternatives such as its IQOS heated-tobacco system.

Mondelez International, Inc.

MDLZ

Mondelez owns global snack brands including Oreo, Cadbury, and Ritz, with strong positions in chocolate and biscuits.

Colgate-Palmolive Company

CL

Colgate-Palmolive is a leader in oral care and also sells personal-care, home-care, and pet-nutrition products worldwide.

Altria Group, Inc.

MO

Altria makes Marlboro cigarettes and smoke-free nicotine products for the US market..

Kimberly-Clark Corporation

KMB

Kimberly-Clark makes tissue and personal-care products including Huggies, Kleenex, and Kotex..

General Mills, Inc.

GIS

General Mills makes packaged foods including Cheerios cereal, Betty Crocker mixes, and Blue Buffalo pet food..

Monster Beverage Corporation

MNST

Monster Beverage develops and markets energy drinks sold globally under the Monster and Reign brands..

Sysco Corporation

SYY

Sysco is the largest US foodservice distributor, supplying food and equipment to restaurants and institutions..

Keurig Dr Pepper Inc.

KDP

Keurig Dr Pepper makes soft drinks and single-serve coffee systems including Dr Pepper, Snapple, and Keurig..

The Kraft Heinz Company

KHC

Kraft Heinz makes packaged foods and condiments including Heinz ketchup, Kraft cheese, and Oscar Mayer..

Constellation Brands, Inc.

STZ

Constellation Brands produces and imports beer, wine, and spirits including Corona and Modelo in the US..

The Hershey Company

HSY

Hershey makes chocolate and confectionery brands including Hershey's, Reese's, and Kisses..

Kellanova

K

Kellanova makes snack and cereal brands including Pringles, Cheez-It, and Pop-Tarts..

Archer-Daniels-Midland Company

ADM

Archer-Daniels-Midland processes and trades agricultural commodities such as grains, oilseeds, and food ingredients..

The Kroger Co.

KR

Kroger operates one of the largest US supermarket chains along with pharmacies and private-label brands..

Target Corporation

TGT

Target is a general-merchandise retailer selling apparel, groceries, and home goods through stores and online..

Dollar General Corporation

DG

Dollar General operates small-format discount stores serving rural and lower-income communities..

Dollar Tree, Inc.

DLTR

Dollar Tree runs discount variety stores selling merchandise at low fixed price points..

McCormick & Company, Incorporated

MKC

McCormick makes spices, seasonings, and flavorings for retail consumers and food manufacturers..

Church & Dwight Co., Inc.

CHD

Church & Dwight makes household and personal-care products including Arm & Hammer and OxiClean..

The Clorox Company

CLX

Clorox makes cleaning, disinfecting, and household brands including Clorox bleach, Pine-Sol, and Brita..

Hormel Foods Corporation

HRL

Hormel Foods makes branded meat and food products including Spam, Skippy, and Jennie-O turkey..

Tyson Foods, Inc.

TSN

Tyson Foods is a leading processor of chicken, beef, and pork and packaged protein products..

Conagra Brands, Inc.

CAG

Conagra Brands makes packaged and frozen foods including Healthy Choice, Slim Jim, and Duncan Hines..

The Estée Lauder Companies Inc.

EL

Estée Lauder makes prestige skincare, makeup, and fragrance brands sold in department stores and travel retail..

Kenvue Inc.

KVUE

Kenvue makes consumer-health brands including Tylenol, Band-Aid, Listerine, and Neutrogena..

The J. M. Smucker Company

SJM

J.M.

Walgreens Boots Alliance, Inc.

WBA

Walgreens Boots Alliance operates retail pharmacy chains in the US and abroad and provides healthcare services..

Bunge Global SA

BG

Bunge processes oilseeds and grains and produces edible oils and agricultural commodities worldwide..

Energy

Oil and gas producers, refiners, and services — cash-flow machines when commodity prices are high, and a hedge against inflation and conflict.

21 stocks

Exxon Mobil Corporation

XOM

ExxonMobil is one of the largest publicly traded integrated oil companies, active in exploration, refining, and chemicals worldwide.

Chevron Corporation

CVX

Chevron is a global integrated energy company spanning upstream production, refining, and chemicals.

ConocoPhillips

COP

ConocoPhillips is one of the largest independent oil and gas exploration and production companies, focused on the upstream business.

Schlumberger Limited

SLB

SLB is the world's largest oilfield-services company, providing drilling, well-completion, and reservoir technology to producers.

EOG Resources, Inc.

EOG

EOG Resources is a large US shale-focused oil and gas producer known for its low-cost drilling and disciplined capital returns.

The Williams Companies, Inc.

WMB

Williams operates natural-gas pipelines and processing infrastructure, including the major Transco system serving the eastern United States.

Kinder Morgan, Inc.

KMI

Kinder Morgan owns one of the largest energy-infrastructure networks in North America, moving natural gas, refined products, and carbon dioxide through its pipelines and terminals.

Marathon Petroleum Corporation

MPC

Marathon Petroleum refines crude oil and markets fuel through a large US refining and pipeline network..

Phillips 66

PSX

Phillips 66 refines crude oil and operates midstream, chemicals, and fuel-marketing businesses..

ONEOK, Inc.

OKE

ONEOK gathers, processes, and transports natural gas and natural-gas liquids across pipelines..

Valero Energy Corporation

VLO

Valero Energy refines crude oil into fuels and produces renewable diesel and ethanol..

Occidental Petroleum Corporation

OXY

Occidental Petroleum produces oil and gas and operates chemicals and carbon-capture ventures..

Hess Corporation

HES

Hess explores for and produces crude oil and natural gas, with a major stake in offshore Guyana..

Diamondback Energy, Inc.

FANG

Diamondback Energy produces oil and natural gas from the Permian Basin in West Texas..

Baker Hughes Company

BKR

Baker Hughes provides oilfield services and energy technology, including turbines for LNG facilities..

Halliburton Company

HAL

Halliburton provides drilling, completion, and production services to oil and gas producers..

Devon Energy Corporation

DVN

Devon Energy explores for and produces oil and natural gas from US onshore basins..

Targa Resources Corp.

TRGP

Targa Resources gathers, processes, and transports natural gas and natural-gas liquids..

Coterra Energy Inc.

CTRA

Coterra Energy produces oil and natural gas from shale assets in Texas and the Appalachian region..

EQT Corporation

EQT

EQT is a leading US natural-gas producer focused on the Appalachian Marcellus and Utica shales..

Expand Energy Corporation

EXE

Expand Energy is one of the largest US natural-gas producers, operating across major shale basins..

Financials

Banks, insurers, asset managers, and exchanges — the plumbing of capital markets, geared directly to interest rates and credit.

66 stocks

Berkshire Hathaway Inc.

BRK-B

Berkshire Hathaway is a diversified holding company with insurance, railroad, energy, and manufacturing operations, plus a large equity portfolio.

JPMorgan Chase & Co.

JPM

JPMorgan Chase is the largest US bank by assets, with leading positions in consumer banking, investment banking, and asset management.

Visa Inc.

V

Visa operates the world's largest electronic-payments network, earning fees on card transactions rather than lending.

Mastercard Incorporated

MA

Mastercard runs a global payments network that processes card and digital transactions for banks and merchants.

Bank of America Corporation

BAC

Bank of America is a leading US retail and commercial bank with a large wealth-management arm through Merrill.

Wells Fargo & Company

WFC

Wells Fargo is a major US bank focused on consumer lending, commercial banking, and mortgages.

The Goldman Sachs Group, Inc.

GS

Goldman Sachs is a leading global investment bank strong in advisory, trading, and asset and wealth management.

Morgan Stanley

MS

Morgan Stanley pairs an investment bank with a large wealth-management platform built through major acquisitions.

BlackRock, Inc.

BLK

BlackRock is the world's largest asset manager, overseeing index funds, active strategies, and the iShares ETF lineup.

The Charles Schwab Corporation

SCHW

Charles Schwab is a leading brokerage and wealth-management firm serving individual investors and advisors.

American Express Company

AXP

American Express is a payments and card company that both issues cards and runs its own network, targeting premium and business customers.

Citigroup Inc.

C

Citigroup is a global bank with a distinctive strength in cross-border corporate banking, treasury services, and payments.

S&P Global Inc.

SPGI

S&P Global provides credit ratings, market data, and financial indices used across capital markets..

The Progressive Corporation

PGR

Progressive is a leading auto and property insurer known for direct-to-consumer and usage-based policies..

Chubb Limited

CB

Chubb is a global property-and-casualty insurer serving commercial and high-net-worth personal clients..

Marsh & McLennan Companies, Inc.

MMC

Marsh & McLennan provides insurance brokerage, risk advisory, and human-capital consulting..

The PNC Financial Services Group, Inc.

PNC

PNC Financial Services is a regional bank providing retail, corporate, and asset-management services..

U.S. Bancorp

USB

U.S.

Truist Financial Corporation

TFC

Truist Financial is a regional bank formed from BB&T and SunTrust serving the Southeast and beyond..

Capital One Financial Corporation

COF

Capital One is a bank and card issuer focused on credit cards, auto lending, and digital banking..

Aon plc

AON

Aon provides insurance and reinsurance brokerage plus risk, retirement, and health consulting..

Intercontinental Exchange, Inc.

ICE

Intercontinental Exchange operates the New York Stock Exchange and other markets plus mortgage and data services..

CME Group Inc.

CME

CME Group runs the largest derivatives marketplace, trading futures and options on rates, equities, and commodities..

Moody's Corporation

MCO

Moody's provides credit ratings, research, and risk-analytics tools for debt markets..

Arthur J. Gallagher & Co.

AJG

Arthur J.

PayPal Holdings, Inc.

PYPL

PayPal operates digital-payment platforms including PayPal, Venmo, and Braintree for online and in-store commerce..

MetLife, Inc.

MET

MetLife provides life insurance, annuities, and employee-benefits products across global markets..

American International Group, Inc.

AIG

American International Group is a global insurer offering commercial property-casualty and life coverage..

Prudential Financial, Inc.

PRU

Prudential Financial provides life insurance, annuities, retirement products, and asset management..

The Travelers Companies, Inc.

TRV

Travelers is a property-and-casualty insurer serving businesses, individuals, and specialty markets..

Aflac Incorporated

AFL

Aflac sells supplemental health and life insurance, with major operations in the US and Japan..

The Allstate Corporation

ALL

Allstate provides auto, home, and other personal insurance to US consumers..

The Bank of New York Mellon Corporation

BK

BNY Mellon provides custody, asset servicing, and treasury services to institutional investors..

State Street Corporation

STT

State Street provides investment servicing and management, including the SPDR ETF family..

Ameriprise Financial, Inc.

AMP

Ameriprise Financial provides wealth management, advice, and asset management for individuals..

Discover Financial Services

DFS

Discover Financial issues credit cards and operates its own payments network and online banking..

Fidelity National Information Services, Inc.

FIS

FIS provides banking and payments technology that powers financial institutions and merchants..

Fiserv, Inc.

FI

Fiserv provides payment processing and financial technology, including the Clover merchant platform..

Global Payments Inc.

GPN

Global Payments provides merchant payment processing and software for businesses..

The Hartford Financial Services Group, Inc.

HIG

The Hartford is a property-casualty and group-benefits insurer serving businesses and individuals..

Willis Towers Watson Public Limited Company

WTW

Willis Towers Watson provides insurance brokerage, risk advisory, and human-capital consulting..

MSCI Inc.

MSCI

MSCI provides investment indices, analytics, and ESG research used by asset managers worldwide..

Nasdaq, Inc.

NDAQ

Nasdaq operates stock exchanges and provides market technology, data, and listing services..

KKR & Co. Inc.

KKR

KKR is a global private-equity and alternative-asset manager investing in buyouts, credit, and infrastructure..

Blackstone Inc.

BX

Blackstone is the world's largest alternative-asset manager, investing in real estate, private equity, and credit..

Apollo Global Management, Inc.

APO

Apollo Global Management is an alternative-asset manager focused on credit, private equity, and insurance..

Ares Management Corporation

ARES

Ares Management is an alternative investment firm specializing in credit, private equity, and real assets..

T. Rowe Price Group, Inc.

TROW

T.

Fifth Third Bancorp

FITB

Fifth Third Bancorp is a Midwest regional bank providing consumer and commercial banking..

M&T Bank Corporation

MTB

M&T Bank is a regional bank serving customers across the eastern United States..

Huntington Bancshares Incorporated

HBAN

Huntington Bancshares is a regional bank providing retail and commercial banking in the Midwest..

Regions Financial Corporation

RF

Regions Financial is a Southeast regional bank offering consumer, commercial, and wealth services..

Citizens Financial Group, Inc.

CFG

Citizens Financial Group is a regional bank serving consumers and businesses in the Northeast and Midwest..

KeyCorp

KEY

KeyCorp is a regional bank providing retail and commercial banking and investment services..

Northern Trust Corporation

NTRS

Northern Trust provides wealth management, asset servicing, and custody for wealthy families and institutions..

Synchrony Financial

SYF

Synchrony Financial issues store-branded and private-label credit cards through retail partners..

W. R. Berkley Corporation

WRB

W.

Arch Capital Group Ltd.

ACGL

Arch Capital Group provides insurance, reinsurance, and mortgage insurance on a global basis..

Brown & Brown, Inc.

BRO

Brown & Brown is an insurance brokerage placing coverage for businesses and individuals..

Loews Corporation

L

Loews Corporation is a holding company with interests in commercial insurance, energy, and hospitality..

Cincinnati Financial Corporation

CINF

Cincinnati Financial sells property-casualty and life insurance through independent agents..

Principal Financial Group, Inc.

PFG

Principal Financial Group provides retirement plans, insurance, and asset management..

Raymond James Financial, Inc.

RJF

Raymond James provides wealth management, investment banking, and brokerage services..

Markel Group Inc.

MKL

Markel Group is a specialty insurer that also holds a diversified portfolio of investments and businesses..

FactSet Research Systems Inc.

FDS

FactSet provides financial data, analytics, and software to investment professionals..

Invesco Ltd.

IVZ

Invesco is an asset manager offering mutual funds and ETFs, including the popular QQQ fund..

Health Care

Pharmaceuticals, biotech, medical devices, and managed care — defensive demand paired with binary drug and regulatory catalysts.

54 stocks

Eli Lilly and Company

LLY

Eli Lilly is a pharmaceutical company whose GLP-1 diabetes and obesity treatments have become blockbuster franchises.

Johnson & Johnson

JNJ

Johnson & Johnson develops prescription pharmaceuticals and medical devices following the spin-off of its consumer-health business.

UnitedHealth Group Incorporated

UNH

UnitedHealth is the largest US health insurer and, through Optum, a major provider of pharmacy benefits, health services, and data analytics.

Merck & Co., Inc.

MRK

Merck is a research-driven pharmaceutical company whose Keytruda immunotherapy is one of the world's top-selling cancer drugs.

AbbVie Inc.

ABBV

AbbVie is a biopharmaceutical company known for immunology drugs, aesthetics, and neuroscience treatments.

Pfizer Inc.

PFE

Pfizer is a global pharmaceutical company with a broad portfolio spanning vaccines, oncology, and internal medicine.

Thermo Fisher Scientific Inc.

TMO

Thermo Fisher supplies laboratory instruments, reagents, and analytical services used across pharmaceutical research, diagnostics, and academia.

Abbott Laboratories

ABT

Abbott operates across medical devices, diagnostics, nutrition, and established pharmaceuticals.

Danaher Corporation

DHR

Danaher is a science and technology conglomerate focused on life sciences, diagnostics, and biotechnology after divesting its industrial businesses.

Amgen Inc.

AMGN

Amgen is one of the largest biotechnology companies, with therapies spanning cardiovascular disease, oncology, and inflammation.

Gilead Sciences, Inc.

GILD

Gilead is a biopharmaceutical company with leadership in HIV and viral-disease treatments.

Intuitive Surgical, Inc.

ISRG

Intuitive Surgical makes the da Vinci robotic surgical systems used in minimally invasive procedures worldwide.

CVS Health Corporation

CVS

CVS Health combines a national retail pharmacy chain, the Aetna health-insurance business, and the Caremark pharmacy-benefit manager.

Medtronic plc

MDT

Medtronic makes medical devices for cardiac, diabetes, neurological, and surgical care..

Vertex Pharmaceuticals Incorporated

VRTX

Vertex Pharmaceuticals develops therapies for cystic fibrosis and other serious diseases including gene-based treatments..

Stryker Corporation

SYK

Stryker makes orthopedic implants, surgical equipment, and medical devices for hospitals..

Regeneron Pharmaceuticals, Inc.

REGN

Regeneron develops biologic medicines including the eye treatment Eylea and the immunology drug Dupixent..

Boston Scientific Corporation

BSX

Boston Scientific makes minimally invasive medical devices for cardiology, urology, and other specialties..

The Cigna Group

CI

Cigna provides health insurance and operates the Evernorth pharmacy-benefits and health-services business..

Elevance Health, Inc.

ELV

Elevance Health provides health insurance plans, largely under the Anthem Blue Cross Blue Shield brand..

HCA Healthcare, Inc.

HCA

HCA Healthcare operates one of the largest US networks of hospitals and outpatient surgery centers..

McKesson Corporation

MCK

McKesson distributes pharmaceuticals and medical supplies to pharmacies, hospitals, and providers..

Cencora, Inc.

COR

Cencora is a pharmaceutical wholesaler distributing drugs and providing specialty and logistics services..

Cardinal Health, Inc.

CAH

Cardinal Health distributes pharmaceuticals and manufactures medical and laboratory products..

Becton, Dickinson and Company

BDX

Becton Dickinson makes medical supplies, diagnostic systems, and instruments used in hospitals and labs..

Zoetis Inc.

ZTS

Zoetis develops medicines and vaccines for livestock and companion animals..

Edwards Lifesciences Corporation

EW

Edwards Lifesciences makes heart valves and hemodynamic monitoring devices for cardiovascular care..

Humana Inc.

HUM

Humana provides health insurance with a focus on Medicare Advantage plans for older Americans..

IDEXX Laboratories, Inc.

IDXX

IDEXX Laboratories makes veterinary diagnostic tests and software for animal-health practices..

Agilent Technologies, Inc.

A

Agilent Technologies makes analytical instruments and lab services for chemical, pharmaceutical, and life-sciences customers..

IQVIA Holdings Inc.

IQV

IQVIA provides clinical-trial services and healthcare data analytics to drug developers..

GE HealthCare Technologies Inc.

GEHC

GE HealthCare makes medical imaging systems, ultrasound, and patient-monitoring equipment..

Mettler-Toledo International Inc.

MTD

Mettler-Toledo makes precision instruments and weighing systems for labs and industrial customers..

DexCom, Inc.

DXCM

DexCom makes continuous glucose monitoring systems that help people with diabetes track blood sugar..

ResMed Inc.

RMD

ResMed makes devices and software for sleep apnea, respiratory care, and out-of-hospital health management..

Centene Corporation

CNC

Centene provides government-sponsored health insurance including Medicaid and marketplace plans..

Biogen Inc.

BIIB

Biogen develops treatments for neurological diseases such as multiple sclerosis and Alzheimer's..

West Pharmaceutical Services, Inc.

WST

West Pharmaceutical Services makes injectable-drug packaging and delivery components for pharma companies..

Moderna, Inc.

MRNA

Moderna develops messenger-RNA vaccines and therapeutics, including its COVID-19 vaccine..

STERIS plc

STE

STERIS provides sterilization and infection-prevention products and services for hospitals and manufacturers..

Hologic, Inc.

HOLX

Hologic makes diagnostic and imaging systems focused on women's health, including breast-cancer screening..

Baxter International Inc.

BAX

Baxter International makes hospital products including IV fluids, dialysis systems, and infusion pumps..

Align Technology, Inc.

ALGN

Align Technology makes Invisalign clear dental aligners and digital scanning systems for orthodontics..

Laboratory Corporation of America Holdings

LH

Labcorp operates clinical laboratories providing diagnostic testing and drug-development services..

Quest Diagnostics Incorporated

DGX

Quest Diagnostics runs a national network of clinical laboratories providing medical testing..

The Cooper Companies, Inc.

COO

Cooper Companies makes contact lenses and women's-health medical devices..

Waters Corporation

WAT

Waters Corporation makes analytical instruments for chromatography and mass spectrometry used in labs..

Molina Healthcare, Inc.

MOH

Molina Healthcare provides managed health insurance focused on Medicaid and Medicare members..

Insulet Corporation

PODD

Insulet makes the Omnipod tubeless insulin-delivery system for people managing diabetes..

Viatris Inc.

VTRS

Viatris makes generic and branded medicines distributed across global markets..

Revvity, Inc.

RVTY

Revvity provides diagnostics, life-sciences reagents, and instruments for research and clinical testing..

Bio-Techne Corporation

TECH

Bio-Techne makes reagents, proteins, and instruments used in biological research and diagnostics..

Incyte Corporation

INCY

Incyte develops targeted therapies in oncology and inflammation, led by the drug Jakafi..

Solventum Corporation

SOLV

Solventum makes medical products spanning wound care, dental solutions, and health-information systems..

Industrials

Aerospace, machinery, defense, and transports — a cyclical read on capex, reshoring, and the physical economy.

72 stocks

Caterpillar Inc.

CAT

Caterpillar is the world's largest maker of construction and mining equipment, and it also builds engines and power systems.

The Boeing Company

BA

Boeing is one of two dominant commercial-aircraft makers and a major US defense and space contractor.

Honeywell International Inc.

HON

Honeywell is a diversified industrial company spanning aerospace, building automation, performance materials, and safety technology.

GE Aerospace

GE

GE Aerospace designs and services jet engines for commercial and military aircraft following the breakup of the old General Electric.

RTX Corporation

RTX

RTX is a major aerospace and defense company formed from the merger of Raytheon and United Technologies, producing missiles, radars, and aircraft engines.

Lockheed Martin Corporation

LMT

Lockheed Martin is the world's largest defense contractor, best known for the F-35 fighter program along with missiles, satellites, and space systems.

United Parcel Service, Inc.

UPS

UPS is a global package-delivery and supply-chain company whose volumes reflect the health of e-commerce and trade.

Union Pacific Corporation

UNP

Union Pacific operates one of the largest freight-rail networks in the western United States, hauling goods ranging from grain to industrial products.

Deere & Company

DE

Deere is the leading maker of agricultural and construction equipment, sold under the John Deere brand.

General Dynamics Corporation

GD

General Dynamics is a defense contractor that builds combat vehicles, nuclear submarines, and munitions, and also owns the Gulfstream business-jet maker.

Eaton Corporation plc

ETN

Eaton makes electrical power-management equipment and components for buildings, data centers, and vehicles..

Northrop Grumman Corporation

NOC

Northrop Grumman is a defense contractor specializing in aircraft, missiles, and space systems..

CSX Corporation

CSX

CSX operates a freight rail network across the eastern United States..

Norfolk Southern Corporation

NSC

Norfolk Southern runs a freight railroad serving the eastern United States..

3M Company

MMM

3M makes industrial, safety, and consumer products spanning adhesives, abrasives, and personal-protective equipment..

Illinois Tool Works Inc.

ITW

Illinois Tool Works makes engineered fasteners, equipment, and consumables across diversified industrial markets..

Emerson Electric Co.

EMR

Emerson Electric makes automation software and control systems for process and industrial manufacturing..

Parker-Hannifin Corporation

PH

Parker-Hannifin makes motion-control and fluid-power components for industrial and aerospace machinery..

Trane Technologies plc

TT

Trane Technologies makes heating, cooling, and climate-control systems for buildings and transport..

TransDigm Group Incorporated

TDG

TransDigm makes proprietary aerospace components used on commercial and military aircraft..

Cintas Corporation

CTAS

Cintas provides uniform rental, facility supplies, and safety products to businesses..

FedEx Corporation

FDX

FedEx provides express, ground, and freight shipping along with logistics services worldwide..

PACCAR Inc

PCAR

PACCAR designs and builds heavy-duty commercial trucks under the Kenworth, Peterbilt, and DAF brands..

GE Vernova Inc.

GEV

GE Vernova makes power-generation equipment including gas turbines, wind turbines, and grid technology..

Carrier Global Corporation

CARR

Carrier Global makes heating, ventilation, air-conditioning, and refrigeration systems..

Johnson Controls International plc

JCI

Johnson Controls makes building systems for climate control, fire safety, and security..

Waste Management, Inc.

WM

Waste Management collects, disposes of, and recycles waste across North America..

Republic Services, Inc.

RSG

Republic Services provides waste collection, recycling, and landfill operations across the US..

W.W. Grainger, Inc.

GWW

W.W.

United Rentals, Inc.

URI

United Rentals is the largest equipment-rental company, leasing construction and industrial machinery..

L3Harris Technologies, Inc.

LHX

L3Harris Technologies makes communications, electronic warfare, and defense systems for the military..

Howmet Aerospace Inc.

HWM

Howmet Aerospace makes engineered metal components such as jet-engine parts and fasteners for aircraft..

AMETEK, Inc.

AME

AMETEK makes electronic instruments and electromechanical devices for industrial and aerospace uses..

Rockwell Automation, Inc.

ROK

Rockwell Automation makes industrial automation and digital software for factories and plants..

Quanta Services, Inc.

PWR

Quanta Services builds and maintains electric power grids, pipelines, and communications infrastructure..

Cummins Inc.

CMI

Cummins makes diesel and alternative-fuel engines, power generation, and related components..

Otis Worldwide Corporation

OTIS

Otis Worldwide manufactures and services elevators, escalators, and moving walkways..

Fastenal Company

FAST

Fastenal distributes fasteners and industrial supplies through stores and on-site vending..

Old Dominion Freight Line, Inc.

ODFL

Old Dominion Freight Line provides less-than-truckload freight shipping across North America..

Axon Enterprise, Inc.

AXON

Axon Enterprise makes Tasers, body cameras, and cloud software for law enforcement..

Delta Air Lines, Inc.

DAL

Delta Air Lines operates a major passenger and cargo airline with domestic and international routes..

United Airlines Holdings, Inc.

UAL

United Airlines Holdings operates a global passenger and cargo airline through United Airlines..

Southwest Airlines Co.

LUV

Southwest Airlines operates a low-cost domestic passenger airline across the United States..

Paychex, Inc.

PAYX

Paychex provides payroll, HR, and benefits-administration services to small and midsize businesses..

Automatic Data Processing, Inc.

ADP

Automatic Data Processing provides payroll processing and human-capital management software..

Verisk Analytics, Inc.

VRSK

Verisk Analytics provides data analytics and risk assessment for the insurance industry..

Equifax Inc.

EFX

Equifax is a consumer credit-reporting agency that provides credit data and analytics..

Dover Corporation

DOV

Dover makes diversified industrial equipment spanning pumps, refrigeration, and marking systems..

Xylem Inc.

XYL

Xylem makes water pumps, treatment, and analytics technology for utilities and industry..

Fortive Corporation

FTV

Fortive makes precision instruments, software, and automation products for professional markets..

Ingersoll Rand Inc.

IR

Ingersoll Rand makes air compressors, pumps, and flow-control equipment for industrial uses..

Westinghouse Air Brake Technologies Corporation

WAB

Wabtec makes locomotives, braking systems, and rail equipment for freight and transit operators..

EMCOR Group, Inc.

EME

EMCOR Group provides electrical and mechanical construction and facilities services..

Broadridge Financial Solutions, Inc.

BR

Broadridge provides investor communications and technology that process trades and proxy voting..

Hubbell Incorporated

HUBB

Hubbell makes electrical products and utility infrastructure equipment for grids and buildings..

IDEX Corporation

IEX

IDEX makes fluid-handling pumps, dispensing equipment, and fire-and-rescue products..

Graco Inc.

GGG

Graco makes fluid-handling systems and equipment for spraying, pumping, and dispensing..

Snap-on Incorporated

SNA

Snap-on makes professional hand and power tools and diagnostic equipment for mechanics..

Copart, Inc.

CPRT

Copart runs online salvage and used-vehicle auctions connecting sellers with buyers globally..

Pentair plc

PNR

Pentair makes water treatment, filtration, and pool equipment for residential and commercial use..

Jacobs Solutions Inc.

J

Jacobs Solutions provides engineering, design, and consulting for infrastructure and government projects..

Masco Corporation

MAS

Masco makes home-improvement products including faucets, paints, and cabinetry..

Stanley Black & Decker, Inc.

SWK

Stanley Black & Decker makes power tools, hand tools, and industrial fastening products..

Allegion plc

ALLE

Allegion makes locks, door hardware, and electronic access-control security products..

Dayforce, Inc.

DAY

Dayforce provides cloud-based payroll and human-capital management software..

C.H. Robinson Worldwide, Inc.

CHRW

C.H.

Expeditors International of Washington, Inc.

EXPD

Expeditors International provides global freight forwarding and customs-brokerage logistics..

J.B. Hunt Transport Services, Inc.

JBHT

J.B.

Textron Inc.

TXT

Textron makes Cessna and Beechcraft aircraft, Bell helicopters, and defense products..

Lennox International Inc.

LII

Lennox International makes heating, air-conditioning, and refrigeration systems for homes and businesses..

Nordson Corporation

NDSN

Nordson makes precision dispensing and fluid-management equipment for manufacturing and electronics..

Generac Holdings Inc.

GNRC

Generac makes backup generators and home energy-storage systems for residential and commercial use..

Information Technology

Semiconductors, software, and hardware — the companies building the digital and AI infrastructure the rest of the economy runs on.

67 stocks

Apple Inc.

AAPL

Apple designs consumer electronics, software, and services, led by the iPhone, Mac, and a growing high-margin services segment.

Microsoft Corporation

MSFT

Microsoft sells productivity software, the Windows operating system, and the Azure cloud platform, and has become a leading distributor of generative AI through its partnership with OpenAI.

NVIDIA Corporation

NVDA

NVIDIA makes the graphics processors and data-center accelerators that train and run most modern AI models.

Broadcom Inc.

AVGO

Broadcom supplies networking, broadband, and custom silicon alongside a large enterprise-software portfolio anchored by VMware.

Oracle Corporation

ORCL

Oracle runs one of the world's most widely used database platforms and has pivoted aggressively into cloud infrastructure and applications.

Salesforce, Inc.

CRM

Salesforce pioneered cloud-based customer relationship management and now offers a broad suite of sales, service, marketing, and analytics tools.

Advanced Micro Devices, Inc.

AMD

AMD designs CPUs and GPUs for PCs, servers, and gaming consoles, positioning itself as the primary challenger to both Intel and NVIDIA.

Intel Corporation

INTC

Intel is a historic leader in microprocessors that is investing heavily to rebuild its manufacturing edge and build a foundry business for outside customers.

Cisco Systems, Inc.

CSCO

Cisco supplies the routers, switches, and security products that form the backbone of enterprise and carrier networks.

Adobe Inc.

ADBE

Adobe dominates creative and document software through subscription products such as Photoshop, Premiere, and Acrobat.

QUALCOMM Incorporated

QCOM

Qualcomm designs the mobile chipsets and wireless-modem technology that power much of the smartphone industry, and it licenses a deep patent portfolio.

Texas Instruments Incorporated

TXN

Texas Instruments is a leading maker of analog and embedded processing chips used across industrial, automotive, and consumer electronics.

International Business Machines Corporation

IBM

IBM provides hybrid-cloud software, consulting, and mainframe systems to large enterprises and governments.

ServiceNow, Inc.

NOW

ServiceNow runs a cloud workflow platform that automates IT, HR, and customer-service processes for large organizations.

Palantir Technologies Inc.

PLTR

Palantir builds data-integration and analytics platforms used by defense agencies, intelligence services, and commercial enterprises.

Micron Technology, Inc.

MU

Micron is one of the few global producers of DRAM and NAND memory, components essential to computers, phones, and AI servers.

Applied Materials, Inc.

AMAT

Applied Materials makes the manufacturing equipment that chipmakers use to fabricate semiconductors.

Accenture plc

ACN

Accenture provides IT consulting, systems integration, and outsourcing services to large enterprises and governments across the globe..

Intuit Inc.

INTU

Intuit makes financial software for consumers and small businesses, including TurboTax, QuickBooks, Credit Karma, and Mailchimp..

Lam Research Corporation

LRCX

Lam Research supplies wafer-fabrication equipment specializing in etch and deposition steps for advanced memory and logic chips..

KLA Corporation

KLAC

KLA makes the process-control and inspection systems chipmakers rely on to detect defects during semiconductor manufacturing..

Analog Devices, Inc.

ADI

Analog Devices designs high-performance analog, mixed-signal, and power-management chips for industrial, communications, and automotive markets..

Palo Alto Networks, Inc.

PANW

Palo Alto Networks provides next-generation firewalls, cloud security, and AI-driven threat detection for enterprises..

CrowdStrike Holdings, Inc.

CRWD

CrowdStrike delivers cloud-native endpoint and cloud-workload cybersecurity through its Falcon platform..

Synopsys, Inc.

SNPS

Synopsys develops electronic design automation software and semiconductor IP used to design and verify complex chips..

Cadence Design Systems, Inc.

CDNS

Cadence makes electronic design automation tools and IP that engineers use to design integrated circuits and electronic systems..

Amphenol Corporation

APH

Amphenol makes electronic connectors, cables, and sensors used across communications, industrial, automotive, and defense systems..

Motorola Solutions, Inc.

MSI

Motorola Solutions provides mission-critical communications radios, public-safety software, and video security systems for governments and enterprises..

Roper Technologies, Inc.

ROP

Roper Technologies operates a portfolio of niche application software and technology-enabled products serving specialized professional markets..

Autodesk, Inc.

ADSK

Autodesk makes design and engineering software such as AutoCAD and Revit used in architecture, construction, and manufacturing..

Fortinet, Inc.

FTNT

Fortinet sells integrated cybersecurity appliances and software combining networking and security in a single fabric..

Microchip Technology Incorporated

MCHP

Microchip makes microcontrollers, analog chips, and embedded-control products used in automotive, industrial, and consumer devices..

NXP Semiconductors N.V.

NXPI

NXP designs semiconductors for automotive, secure identification, and industrial applications, with a leading position in car electronics..

Gartner, Inc.

IT

Gartner provides technology research, advisory subscriptions, and conferences that guide corporate IT and business decisions..

Cognizant Technology Solutions Corporation

CTSH

Cognizant offers IT consulting, digital engineering, and outsourcing services with a large delivery workforce in India..

Arista Networks, Inc.

ANET

Arista Networks builds high-speed cloud networking switches and software favored by hyperscale data centers..

Keysight Technologies, Inc.

KEYS

Keysight makes electronic test and measurement instruments used to design and validate communications and electronics products..

Corning Incorporated

GLW

Corning makes specialty glass, ceramics, and optical fiber for smartphone screens, displays, and telecom networks..

HP Inc.

HPQ

HP Inc.

Hewlett Packard Enterprise Company

HPE

Hewlett Packard Enterprise sells servers, storage, networking, and hybrid-cloud infrastructure to businesses..

TE Connectivity plc

TEL

TE Connectivity manufactures connectors and sensors that link power and data across transportation, industrial, and communications systems..

ON Semiconductor Corporation

ON

ON Semiconductor makes power and sensing chips used heavily in electric vehicles, industrial automation, and renewable energy..

Monolithic Power Systems, Inc.

MPWR

Monolithic Power Systems designs high-efficiency power-management chips for computing, automotive, and consumer electronics..

Fair Isaac Corporation

FICO

Fair Isaac develops the FICO credit score and analytics software used by lenders to assess consumer risk..

CDW Corporation

CDW

CDW resells and integrates technology hardware, software, and services for businesses, governments, and schools..

Teledyne Technologies Incorporated

TDY

Teledyne makes digital imaging sensors, instrumentation, and aerospace electronics for scientific, industrial, and defense uses..

Tyler Technologies, Inc.

TYL

Tyler Technologies provides software that runs courts, permitting, payments, and administration for state and local governments..

PTC Inc.

PTC

PTC makes computer-aided design, product lifecycle, and industrial IoT software used by manufacturers..

GoDaddy Inc.

GDDY

GoDaddy sells domain names, web hosting, and online commerce tools aimed at small businesses and entrepreneurs..

Western Digital Corporation

WDC

Western Digital makes hard-disk drives and flash storage products for data centers, PCs, and consumer devices..

Seagate Technology Holdings plc

STX

Seagate manufactures high-capacity hard-disk drives and storage systems used primarily in cloud and enterprise data centers..

Zebra Technologies Corporation

ZBRA

Zebra Technologies makes barcode scanners, mobile computers, and RFID systems that track inventory and assets for businesses..

Jabil Inc.

JBL

Jabil provides contract electronics manufacturing and supply-chain services for a broad range of hardware makers..

Trimble Inc.

TRMB

Trimble makes positioning, modeling, and workflow technology used in construction, agriculture, and geospatial industries..

Skyworks Solutions, Inc.

SWKS

Skyworks designs radio-frequency chips that enable wireless connectivity in smartphones and other connected devices..

Teradyne, Inc.

TER

Teradyne makes automated test equipment for semiconductors and electronics along with industrial and collaborative robots..

First Solar, Inc.

FSLR

First Solar manufactures thin-film solar photovoltaic panels for large utility-scale power plants..

Enphase Energy, Inc.

ENPH

Enphase Energy makes microinverters and battery systems that convert and store power for residential solar installations..

Akamai Technologies, Inc.

AKAM

Akamai operates a global content-delivery network and cloud security services that speed up and protect websites..

NetApp, Inc.

NTAP

NetApp provides data-storage hardware and software that manage information across on-premises and cloud environments..

Gen Digital Inc.

GEN

Gen Digital sells consumer cybersecurity and identity-protection software under brands including Norton, Avast, and LifeLock..

Juniper Networks, Inc.

JNPR

Juniper Networks builds routers, switches, and AI-driven networking software for service providers and enterprises..

VeriSign, Inc.

VRSN

VeriSign operates the authoritative registries for .com and .net internet domains and related infrastructure..

F5, Inc.

FFIV

F5 makes application-delivery and security software that manages and protects traffic to apps across data centers and clouds..

EPAM Systems, Inc.

EPAM

EPAM Systems provides software engineering and digital product development services to global enterprises..

ANSYS, Inc.

ANSS

Ansys develops engineering simulation software that lets companies test product designs virtually before building them..

Super Micro Computer, Inc.

SMCI

Super Micro Computer builds high-performance servers and storage systems tailored for AI and data-center workloads..

Materials

Miners, chemicals, and building materials — an early-cycle, China-sensitive read on global industrial demand.

27 stocks

Linde plc

LIN

Linde is the world's largest industrial-gases company, supplying oxygen, nitrogen, and hydrogen to healthcare, manufacturing, and energy customers.

The Sherwin-Williams Company

SHW

Sherwin-Williams is a leading maker and retailer of paints and coatings, selling through its own stores and to industrial customers.

Freeport-McMoRan Inc.

FCX

Freeport-McMoRan is one of the world's largest copper miners, with major operations in the Americas and Indonesia.

Newmont Corporation

NEM

Newmont is the world's largest gold-mining company, with operations spread across the Americas, Africa, and Australia.

Dow Inc.

DOW

Dow is a large commodity-chemicals producer making plastics, industrial intermediates, and performance materials.

Nucor Corporation

NUE

Nucor is the largest US steel producer, using electric-arc furnaces and recycled scrap that give it a flexible cost structure.

Air Products and Chemicals, Inc.

APD

Air Products supplies industrial gases and is developing large-scale clean-hydrogen projects for energy and industrial customers.

Ball Corporation

BALL

Ball Corporation manufactures aluminum cans and packaging for beverages and consumer products..

Amcor plc

AMCR

Amcor makes flexible and rigid packaging for food, beverage, and healthcare products worldwide..

Ecolab Inc.

ECL

Ecolab provides water treatment, cleaning, and hygiene products and services to businesses..

Corteva, Inc.

CTVA

Corteva develops seeds and crop-protection chemicals for farmers worldwide..

DuPont de Nemours, Inc.

DD

DuPont makes specialty chemicals and materials for electronics, water, and industrial applications..

PPG Industries, Inc.

PPG

PPG Industries makes paints, coatings, and specialty materials for industrial and consumer markets..

Vulcan Materials Company

VMC

Vulcan Materials is the largest US producer of crushed stone, sand, and gravel used in construction..

Martin Marietta Materials, Inc.

MLM

Martin Marietta produces aggregates, cement, and construction materials for infrastructure projects..

International Flavors & Fragrances Inc.

IFF

International Flavors & Fragrances makes flavors, scents, and ingredients for food, beverage, and consumer products..

LyondellBasell Industries N.V.

LYB

LyondellBasell makes plastics, chemicals, and refining products used across manufacturing..

Steel Dynamics, Inc.

STLD

Steel Dynamics produces steel and recycles metal through electric-arc-furnace mills..

Packaging Corporation of America

PKG

Packaging Corporation of America makes containerboard and corrugated packaging products..

International Paper Company

IP

International Paper makes containerboard and corrugated packaging for shipping and consumer goods..

CF Industries Holdings, Inc.

CF

CF Industries manufactures nitrogen fertilizers and is developing clean-ammonia production..

The Mosaic Company

MOS

Mosaic produces phosphate and potash crop nutrients for farmers worldwide..

Albemarle Corporation

ALB

Albemarle is a leading lithium producer supplying materials for electric-vehicle batteries..

FMC Corporation

FMC

FMC Corporation makes crop-protection chemicals and agricultural products for farmers..

Eastman Chemical Company

EMN

Eastman Chemical makes specialty chemicals, plastics, and fibers for industrial and consumer uses..

Avery Dennison Corporation

AVY

Avery Dennison makes labeling and packaging materials and RFID tags for products and logistics..

Celanese Corporation

CE

Celanese makes engineered polymers and acetyl chemicals used in automotive and industrial products..

Real Estate

REITs across offices, data centers, industrial, and residential — the most rate-sensitive corner of the equity market.

30 stocks

Prologis, Inc.

PLD

Prologis is the largest owner and operator of logistics and warehouse real estate, leasing space near major population and transport hubs.

American Tower Corporation

AMT

American Tower is a real-estate investment trust that owns and leases wireless communications towers to mobile carriers around the world.

Equinix, Inc.

EQIX

Equinix operates a global network of data centers where enterprises and cloud providers interconnect their networks.

Simon Property Group, Inc.

SPG

Simon Property Group is the largest US owner of shopping malls and premium outlet centers.

Realty Income Corporation

O

Realty Income is a net-lease REIT that owns thousands of single-tenant retail and commercial properties leased under long-term agreements.

Public Storage

PSA

Public Storage is the largest owner and operator of self-storage facilities in the United States.

Welltower Inc.

WELL

Welltower is a healthcare REIT that owns senior housing, medical offices, and outpatient facilities..

Digital Realty Trust, Inc.

DLR

Digital Realty owns and operates data centers that support cloud computing and AI workloads..

Crown Castle Inc.

CCI

Crown Castle owns cell towers and small-cell networks that wireless carriers lease across the US..

Extra Space Storage Inc.

EXR

Extra Space Storage owns and manages self-storage facilities nationwide..

VICI Properties Inc.

VICI

VICI Properties is a REIT that owns casino and entertainment real estate leased to gaming operators..

AvalonBay Communities, Inc.

AVB

AvalonBay Communities develops and manages apartment communities in coastal US markets..

Equity Residential

EQR

Equity Residential owns and operates apartment properties concentrated in major coastal cities..

Iron Mountain Incorporated

IRM

Iron Mountain stores and manages physical records and operates data centers..

SBA Communications Corporation

SBAC

SBA Communications owns and leases wireless communications towers to mobile carriers..

Weyerhaeuser Company

WY

Weyerhaeuser owns timberlands and manufactures wood products used in construction..

Invitation Homes Inc.

INVH

Invitation Homes owns and leases single-family rental homes across US markets..

Mid-America Apartment Communities, Inc.

MAA

Mid-America Apartment Communities owns and operates apartment communities across the Sun Belt..

Alexandria Real Estate Equities, Inc.

ARE

Alexandria Real Estate owns life-science laboratory and office campuses leased to biotech and pharma tenants..

Ventas, Inc.

VTR

Ventas is a healthcare REIT owning senior housing, medical offices, and research facilities..

Essex Property Trust, Inc.

ESS

Essex Property Trust owns and manages apartment communities on the US West Coast..

Healthpeak Properties, Inc.

DOC

Healthpeak Properties owns healthcare real estate including lab, medical-office, and senior-housing space..

Kimco Realty Corporation

KIM

Kimco Realty owns open-air, grocery-anchored shopping centers across the United States..

Regency Centers Corporation

REG

Regency Centers owns and develops grocery-anchored neighborhood shopping centers..

Camden Property Trust

CPT

Camden Property Trust owns and manages apartment communities across the Sun Belt..

BXP, Inc.

BXP

BXP owns and develops premier office properties in major US gateway cities..

Host Hotels & Resorts, Inc.

HST

Host Hotels & Resorts owns luxury and upper-upscale hotels operated under major brands..

UDR, Inc.

UDR

UDR owns and operates apartment communities across US metropolitan markets..

Federal Realty Investment Trust

FRT

Federal Realty owns and operates retail and mixed-use properties in affluent coastal markets..

CBRE Group, Inc.

CBRE

CBRE Group is a commercial real-estate services firm providing brokerage, leasing, and property management..

Utilities

Regulated power and water — bond-like income proxies whose relevance is being reshaped by data-center and electrification demand.

30 stocks

NextEra Energy, Inc.

NEE

NextEra Energy pairs Florida Power & Light, a large regulated utility, with one of the world's biggest generators of wind and solar power.

Duke Energy Corporation

DUK

Duke Energy is one of the largest regulated electric utilities in the United States, serving customers across the Southeast and Midwest.

The Southern Company

SO

Southern Company provides regulated electricity and natural gas across several southeastern states.

Dominion Energy, Inc.

D

Dominion Energy is a regulated utility serving customers primarily in Virginia and the Carolinas, a region seeing surging power demand from data centers.

American Electric Power Company, Inc.

AEP

American Electric Power owns one of the largest electricity transmission networks in the United States and serves customers across eleven states.

Sempra

SRE

Sempra is an energy-infrastructure company with regulated utilities in California and Texas and a growing liquefied-natural-gas export business.

Constellation Energy Corporation

CEG

Constellation Energy is the largest US operator of carbon-free nuclear power plants and sells clean electricity..

Exelon Corporation

EXC

Exelon delivers electricity and natural gas through regulated utilities across several states..

Xcel Energy Inc.

XEL

Xcel Energy provides electricity and natural gas across the Midwest and Western US with growing renewables..

Public Service Enterprise Group Incorporated

PEG

Public Service Enterprise Group provides regulated electric and gas service in New Jersey and runs nuclear plants..

Consolidated Edison, Inc.

ED

Consolidated Edison delivers electricity, gas, and steam to New York City and surrounding areas..

WEC Energy Group, Inc.

WEC

WEC Energy Group provides regulated electricity and natural gas across the upper Midwest..

DTE Energy Company

DTE

DTE Energy provides regulated electricity and natural gas across Michigan..

PG&E Corporation

PCG

PG&E provides electricity and natural gas to customers across northern and central California..

Edison International

EIX

Edison International delivers electricity to Southern California through its utility subsidiary..

Ameren Corporation

AEE

Ameren provides regulated electricity and natural gas across Missouri and Illinois..

Entergy Corporation

ETR

Entergy provides electricity across the Gulf South and operates nuclear generating stations..

PPL Corporation

PPL

PPL provides regulated electricity and natural gas across Pennsylvania, Kentucky, and Rhode Island..

FirstEnergy Corp.

FE

FirstEnergy delivers electricity through regulated utilities across the Midwest and mid-Atlantic..

Eversource Energy

ES

Eversource Energy provides electricity, natural gas, and water service across New England..

CMS Energy Corporation

CMS

CMS Energy provides regulated electricity and natural gas across Michigan..

Atmos Energy Corporation

ATO

Atmos Energy is one of the largest US natural-gas distributors, serving customers across several states..

American Water Works Company, Inc.

AWK

American Water Works is the largest US regulated water and wastewater utility..

Vistra Corp.

VST

Vistra generates and sells electricity from a fleet of natural-gas, nuclear, and renewable plants..

NRG Energy, Inc.

NRG

NRG Energy generates and retails electricity to residential and business customers..

Pinnacle West Capital Corporation

PNW

Pinnacle West Capital provides regulated electricity across Arizona through Arizona Public Service..

Alliant Energy Corporation

LNT

Alliant Energy provides regulated electricity and natural gas across Iowa and Wisconsin..

Evergy, Inc.

EVRG

Evergy provides regulated electricity across Kansas and Missouri..

The AES Corporation

AES

The AES Corporation operates power-generation and utility businesses across the Americas with a renewables focus..

CenterPoint Energy, Inc.

CNP

CenterPoint Energy delivers electricity and natural gas across Texas and the Midwest..

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