Calls
7
#227
Alpha Score 77.6
Darrell Cronk
Chief Investment Officer, Wells Fargo
Win Rate
100.0%
return
+7.1%
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Ticker
Side
Mentions
First Call
Call Price
P&L
Thesis
Theme
Source
Long
Apr 07
$136.13
+28.8%
Cronk explicitly upgraded the technology sector, stating it pays no premium for double the earnings growth of the S&P (35% vs. 18%). The sector is seen as a "safe haven" with less cyclicality than in the past. Spending on AI is viewed as existential and the last area where companies will cut capital expenditures, providing fundamental support. The favorable risk/reward and growth profile, coupled with receding valuations, make the sector attractive for re-allocation. A broad global economic slowdown severe enough to force cuts in all corporate spending, including on technology.
Cronk explicitly upgraded the technology sector, stating it pays no premium for double the earnings growth of the S&P (35% vs. 18%). The sector is seen as a "safe haven" with less cyclicality than in the past. Spending on AI is viewed as existential and the last area where companies will cut capital expenditures, providing fundamental support. The favorable risk/reward and growth profile, coupled with receding valuations, make the sector attractive for re-allocation. A broad global economic slowdown severe enough to force cuts in all corporate spending, including on technology.
Thematic ETFs
Long
May 27
$51.77
+8.9%
The financial sector is undervalued relative to the S&P 500, down year-to-date, with pristine balance sheets, record M&A, and large IPOs coming. It offers attractive earnings growth at reasonable valuations.
Thematic ETFs
Long
Jun 24
$67.28
+4.3%
Financials – especially large and regional banks – are breaking out and have strong fundamentals. A steepening yield curve, robust sales and trading, strong M&A and a supportive IPO environment all favour the sector. The space is bifurcated: payment processors, Berkshire Hathaway and alternative asset managers are not doing well, but large and regional banks are near highs and breaking out.
Thematic ETFs
Long
Jun 24
$734.77
+1.1%
S&P 500 year‑end target of 7,900 assumes zero Fed rate hikes this year. If the Fed delivers the 40bp of hikes priced into fed funds futures, the year‑end target would have to be lower.
Equity Indexes
Short
Jun 24
$87.27
+3.2%
Long‑end Treasury yields have not fallen despite lower oil and falling inflation expectations. The firm expects the long end to stay higher even in the absence of further rate hikes.
Bonds & Rates
Long
May 27
$173.91
+3.1%
Industrials have sold off since the Iran conflict began, but should benefit from underlying spending trends. The sector offers good earnings growth at reasonable prices.
Thematic ETFs
Long
May 27
$45.05
+0.3%
Utilities are down over the last three months and offer value in a market where other sectors have run up. They provide a defensive tilt with good income potential.
Thematic ETFs
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Darrell Cronk has 7 trade ideas tracked on Buzzberg across 7 tickers since April 2026. Ranked #227 on the Buzzberg Alpha leaderboard. Most covered: XLK, XLF, TLT.
