Stock picks

Discount = 1 minus price divided by fair value. A stock below the 0% line has a price above its fair value. The analyst axis is the average analyst rating in LSEG's data, from 1 (strong buy) to 5 (strong sell), shown as words: Strong buy below 1.5, Buy from 1.5, Hold from 2.5, Sell from 3.5 and Strong sell from 4.5. The vertical lines mark where one word ends and the next begins. The axis is stretched where ratings are close together and squeezed where they are far apart, so the bands are not drawn to scale. A bright, thick-ringed bubble links to a full write-up — tap or click it to select it, then tap or click it again (or its "Open" link) to open the write-up. A faded, thin-ringed bubble does not link anywhere yet. Under More filters, tap or click a chip to show or hide that group (moat, uncertainty, or whether a write-up exists). Use the As of menu to see the map on an earlier date. Fair values are the analysts' unless the tooltip names another source (management, the analysts' mean target in LSEG, or an AI estimate); a pick with no moat or uncertainty rating gets a neutral color or size, and the moat and uncertainty chips never hide it. A pick with no fair value appears in a separate strip below the chart, positioned by its LSEG rating only. A pick with no LSEG rating cannot be placed on the map, so it is listed under the chart instead. A dimmed bubble is a company whose gap to fair value will probably not close (a structural discount), so its height overstates the opportunity; the switch above the map hides these companies on the map and in the table. A starred or owned pick gets a gold ring; a passed pick fades until its research or ratings change.