Author presents seven 2026 undervalued stock picks with catalysts: Amaroq Minerals, Ferrari, Aston Martin, Fluor, L3Harris, Capital One, and NextEra Energy.
AMRQ — LONG The author argues Amaroq has transitioned from explorer to producer and beat FY25 gold production guidance, with strategic value from owning rights to South Greenland as the West seeks critical minerals outside Chinese influence. The Q2 2026 Phase 2 plant upgrade is expected to lift recovery rates to about 90%, turning the company into a cash-flow machine while gold prices remain at historic highs.
Amaroq has successfully transitioned from "explorer" to "producer," recently beating FY25 gold production guidance. The real story is strategic: The West is desperate to secure critical minerals (Gold/Copper) outside of Chinese influence, and Amaroq effectively owns the rights to South Greenland.
RACE — LONG The author views Ferrari as a luxury name that trades like Hermès rather than an automaker, with an order book sold out through 2026, a customer base immune to interest rates and inflation, and the strongest pricing power. The 2026 catalysts are Lewis Hamilton’s second Ferrari season and the launch of Ferrari’s first EV, which the market expects to sell out before the public sees it.
Stop looking at P/E ratios; this trades like Hermès, not Ford. The order book is entirely sold out through 2026. Their customer base is immune to interest rates and inflation, and they have arguably the strongest pricing power of any company on earth.
AML.L — LONG The author calls Aston Martin a contrarian distressed pick at 0.4x sales, relying entirely on successful 2026 delivery of the Valhalla supercar and debt stabilization. If cars are delivered on time, the author expects a re-rating from bankruptcy risk to luxury brand, with high risk and massive potential upside.
The contrarian pick. The stock has been battered, creating a distressed valuation (0.4x sales). The thesis relies entirely on the successful delivery of the Valhalla supercar in 2026 and debt stabilization.
FLR — LONG The author argues Fluor has de-risked its backlog because 82% of contracts are reimbursable, so clients pay cost overruns, and it builds data centers for hyperscalers while having a large nuclear/SMR footprint. The 2026 catalysts are aggressive share buybacks through February 2026 and monetization of its NuScale (SMR) stake.
Fluor has "de-risked" its backlog—82% of its contracts are now reimbursable (meaning the client pays for cost overruns, not Fluor). They are the ones actually building the data centers for hyperscalers and have a massive footprint in the Nuclear/SMR renaissance.
LHX — LONG The author argues L3Harris focuses on the high-growth tech layer of defense—space, cyber, and communications—unlike slower metal-bending primes, making it a trusted disruptor as defense budgets shift. The planned spin-off of its Missile Solutions unit later in 2026 is expected to unlock shareholder value and leave a leaner, higher-margin tech core.
Unlike the slow-moving "metal benders" (Lockheed/Northrop), LHX focuses on the high-growth tech layer of defense: space, cyber, and comms. They are the "trusted disruptor" in a sector seeing increased budget allocation.
COF — LONG The author’s Capital One thesis centers on the Discover acquisition creating a closed-loop issuer-plus-network system that bypasses Visa/Mastercard fees and captures the entire transaction margin, with even the standalone bank seen as tech-forward and value-priced. The 2026 catalyst is realizing the projected $2.7B in synergies. He also flags that a 10% credit-card cap is highly unlikely to go through.
The play is the Discover acquisition. By owning the Discover network, COF creates a closed-loop system (issuer + network) that lets them bypass Visa/Mastercard fees and capture the entire transaction margin. Even without it, it’s a tech-forward bank trading at a value multiple.
NEE — LONG The author argues AI data centers will consume enormous electricity, and NextEra is the largest US renewable developer with the scale to power the AI boom while offering a regulated utility base through Florida Power & Light. The 2026 catalysts are confirmed 10% dividend growth through 2026 and massive demand from hyperscalers such as Google and Microsoft signing long-term power purchase agreements.
NextEra is the largest renewable developer in the US and the only one with the scale (\~30GW backlog) to power the AI boom. You get the safety of a regulated utility (Florida Power & Light) attached to a high-growth tech play.