Is Macquarie a reliable analyst?

In short — Over 1 year, 62.6% of Macquarie's targets proved profitable, for an average gain of +11.1% per call (all calls, winners and losers) — i.e. +2.1% vs its sector, across 302 timestamped calls replayed against real prices. JPI verdict: fairly reliable. An analyst can be good in one sector and poor in another — details below.

62.6%profitable calls

+11.1%avg gain / call

+2.1%vs sector

302scored calls

In which sectors is Macquarie reliable?

Sector

Calls

% profitable

Avg gain 2015+

Avg gain 2020+

Last 12 months

▸ Tech

70.7%

+27.3%

+49.3%

+5.7% (9)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
DDOG	▲ Outperform	Jun 11, 26	Jun 11, 27	$229.9	🎯$230	$256.81	+0%	+12% so far
DDOG	▲ Outperform	May 9, 26	May 9, 27	$202.32	🎯$230	$256.81	+14%	+27% so far
APP	▲ Outperform	May 8, 26	May 8, 27	$468.55	🎯$730	$527.98	+56%	+13% so far
ADSK	▲ Outperform	Feb 27, 26	Feb 27, 27	$246.94	🎯$310	$212.38	+26%	-14% so far
DDOG	▲ Outperform	Feb 11, 26	Feb 11, 27	$126.13	🎯$200	$256.81	+59%	+104% so far
ADSK	▲ Outperform	Nov 26, 25	Nov 26, 26	$303.34	🎯$400	$212.38	+32%	-30% so far
AVGO	▲ Outperform	Sep 15, 25	Sep 15, 26	$364.09	🎯$420	$370.78	+15%	+2% so far
ADSK	▲ Outperform	Aug 29, 25	Aug 29, 26	$319.16	🎯$380	$212.38	+19%	-33% so far

Sample (0 recent finished + 8 in progress) of 58 calls.

▸ Real estate

100%

+22.0%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
EQIX	▲ Outperform	Apr 7, 17	Apr 7, 18	$400.93	🎯$450	$408.95	+12%	+2.2%
CCI	▲ Outperform	Dec 6, 16	Dec 6, 17	$83.44	🎯$95	$109.31	+14%	+30.9%
AMT	▲ Outperform	Dec 6, 16	Dec 6, 17	$100.85	🎯$125	$142.2	+24%	+40.6%
AMT	▲ Outperform	Nov 9, 15	Nov 8, 16	$97.13	🎯$115	$108.79	+18%	+12.5%
SBAC	▲ Outperform	Oct 5, 15	Oct 4, 16	$109.51	🎯$128	$111.7	+17%	+2%
CCI	▲ Outperform	Jul 29, 15	Jul 28, 16	$81.47	🎯$101	$96.95	+24%	+19.1%
DLR	▲ Outperform	Jun 10, 15	Jun 9, 16	$65	🎯$63	$102.7	-3%	+58.2%
AMT	▲ Outperform	Apr 15, 15	Apr 14, 16	$95.17	🎯$107	$105.64	+12%	+10.5%

▸ Cons. disc.

60.9%

+13.9%

+20.9%

-2.9% (16)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
MGM	▲ Outperform	Jul 7, 26	Jul 7, 27	$46.64	🎯$52	$46.64	+11%	+0% so far
WYNN	▲ Outperform	Jul 7, 26	Jul 7, 27	$96.35	🎯$143	$96.35	+48%	+0% so far
LVS	▲ Outperform	Jul 7, 26	Jul 7, 27	$46.06	🎯$66	$46.06	+43%	+0% so far
MGM	▲ Outperform	May 19, 26	May 19, 27	$36.51	🎯$46	$46.64	+26%	+28% so far
LVS	▲ Outperform	May 19, 26	May 19, 27	$49.62	🎯$68	$46.06	+37%	-7% so far
WYNN	▲ Outperform	May 19, 26	May 19, 27	$98.06	🎯$145	$96.35	+48%	-2% so far
WYNN	▲ Outperform	May 9, 26	May 9, 27	$99.37	🎯$150	$96.35	+51%	-3% so far
MGM	▲ Outperform	May 1, 26	May 1, 27	$38.5	🎯$48	$46.64	+25%	+21% so far

Sample (0 recent finished + 8 in progress) of 46 calls.

▸ Utilities

100%

+16.8%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
ETR	▲ Outperform	Mar 11, 19	Mar 10, 20	$46.98	—	$59.66	—	+27%
ES	▲ Outperform	Mar 4, 19	Mar 3, 20	$68.97	—	$92.42	—	+34%
PEG	▲ Outperform	Sep 24, 18	Sep 24, 19	$52.05	🎯$57	$61.94	+10%	+19.4%
EXC	▲ Outperform	Sep 24, 18	Sep 24, 19	$30.81	🎯$45.5	$34.82	+48%	+13%
NRG	▲ Outperform	Sep 20, 18	Sep 20, 19	$35.83	🎯$41	$39.05	+14%	+9%
PEG	▲ Outperform	Jan 22, 18	Jan 22, 19	$50.72	—	$53.26	—	+5.2%
AEP	▲ Outperform	Jan 22, 18	Jan 22, 19	$68.77	—	$77.02	—	+12%
PPL	▼ Underperform	Dec 19, 17	Dec 19, 18	$32.42	—	$28.21	—	+12.9%

Sample (8 recent finished + 0 in progress) of 11 calls.

▸ Cons. staples

63.6%

+8.5%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
EL	▲ Outperform	May 2, 19	May 1, 20	$174.43	🎯$195	$174.43	+12%	+0%
KMB	▲ Outperform	Apr 23, 19	Apr 22, 20	$125.62	🎯$142	$143.21	+13%	+13.7%
PEP	▲ Outperform	Apr 18, 19	Apr 17, 20	$126.44	🎯$138	$134.03	+9%	+6.4%
CHD	▲ Outperform	Mar 29, 19	Mar 28, 20	$71.97	🎯$80	$64.77	+11%	-9.9%
PEP	▲ Outperform	Feb 19, 19	Feb 19, 20	$115.93	🎯$126	$146.07	+9%	+25.5%
KDP	▲ Outperform	Dec 4, 18	Dec 4, 19	$26.45	🎯$30	$30.15	+13%	+13.6%
PG	▲ Outperform	Oct 22, 18	Oct 22, 19	$87.16	🎯$92	$122.9	+6%	+41.1%
PEP	▲ Outperform	Sep 28, 18	Sep 28, 19	$111.8	🎯$122	$137.51	+9%	+22.6%

Sample (8 recent finished + 0 in progress) of 22 calls.

▸ Finance

65.9%

+10.9%

+2.3%

+1.0% (10)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
MA	▲ Outperform	May 2, 26	May 2, 27	$504.74	🎯$665	$531.62	+32%	+5% so far
V	▲ Outperform	May 1, 26	May 1, 27	$328.03	🎯$420	$352.2	+28%	+7% so far
PYPL	▲ Outperform	Feb 4, 26	Feb 4, 27	$39.9	🎯$58	$45.65	+45%	+14% so far
PYPL	▲ Outperform	Feb 3, 26	Feb 3, 27	$41.03	🎯$100	$45.65	+144%	+11% so far
V	▲ Outperform	Jan 30, 26	Jan 30, 27	$333.84	🎯$410	$352.2	+23%	+5% so far
MA	▲ Outperform	Jan 30, 26	Jan 30, 27	$555.37	🎯$675	$531.62	+22%	-4% so far
MA	▲ Outperform	Oct 31, 25	Oct 31, 26	$544.07	🎯$660	$531.62	+21%	-2% so far
V	▲ Outperform	Oct 29, 25	Oct 29, 26	$345.03	🎯$410	$352.2	+19%	+2% so far

Sample (0 recent finished + 8 in progress) of 44 calls.

▸ Industry

60%

+0.1%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
GWW	▲ Outperform	Jan 15, 19	Jan 15, 20	$293.22	—	$340.14	—	+15.7%
URI	▼ Underperform	Oct 19, 18	Oct 19, 19	$117.12	🎯$99	$130	-15%	-10.7%
UAL	▲ Outperform	Oct 18, 18	Oct 18, 19	$87.43	—	$90.93	—	+3.8%
LUV	▲ Outperform	Sep 17, 18	Sep 17, 19	$63.1	🎯$71	$55.53	+13%	-11.7%
SWK	▲ Outperform	Sep 6, 18	Sep 6, 19	$139.2	🎯$175	$143.38	+26%	+2.8%
UAL	▲ Outperform	Jul 19, 18	Jul 19, 19	$80.59	—	$93.48	—	+16.4%
PCAR	▲ Outperform	Jun 5, 18	Jun 5, 19	$42.94	—	$45.95	—	+7.3%
WM	▲ Outperform	Jan 3, 18	Jan 3, 19	$87.35	—	$88.22	—	+1.3%

Sample (8 recent finished + 0 in progress) of 30 calls.

▸ Comm.

50%

+2.9%

-0.1%

+1.4% (1)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
NWSA	▲ Outperform	May 11, 26	May 11, 27	$26.54	🎯$29.4	$26.92	+11%	+1% so far
TTD	▲ Outperform	May 19, 25	May 19, 26	$77.06	🎯$92	$20.81	+19%	-72.7%
NFLX	▲ Outperform	Apr 21, 25	Apr 21, 26	$104.03	🎯$1200	$93.63	+1054%	-10.4%
LYV	▲ Outperform	Mar 6, 25	Mar 6, 26	$127.51	🎯$165	$165.76	+29%	+30%
NFLX	▲ Outperform	Jan 22, 25	Jan 22, 26	$95.4	🎯$1150	$83.95	+1105%	-12.4%
NFLX	▲ Outperform	Jan 13, 25	Jan 13, 26	$82.84	🎯$965	$88.64	+1065%	+6.9%
OMC	▲ Outperform	Dec 11, 24	Dec 11, 25	$90.16	🎯$120	$80.24	+33%	-11%
TTD	▲ Outperform	Nov 22, 24	Nov 22, 25	$129.35	🎯$150	$38.81	+16%	-69.8%

Sample (7 recent finished + 1 in progress) of 56 calls.

▸ Materials

60%

-1.8%

-2.5%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
AMCR	▲ Outperform	Nov 27, 24	Nov 27, 25	$53.2	—	$42.56	—	-19.9%
NEM	▲ Outperform	Nov 21, 23	Nov 20, 24	$37.42	🎯$45	$43.03	+20%	+14.9%
NUE	▲ Outperform	May 17, 18	May 17, 19	$65.76	—	$53.27	—	-19%
STLD	▲ Outperform	Apr 24, 17	Apr 24, 18	$36.61	🎯$44	$45.76	+20%	+24.9%
NUE	▼ Underperform	Nov 29, 16	Nov 29, 17	$61.63	—	$57.32	—	+6.9%
IP	▼ Underperform	Oct 18, 16	Oct 18, 17	$44.54	—	$54.78	—	-23.4%
ECL	▲ Outperform	Aug 26, 16	Aug 26, 17	$122.93	🎯$143	$131.54	+16%	+6.9%
STLD	▲ Outperform	Apr 22, 16	Apr 22, 17	$24.6	🎯$30	$36.65	+22%	+48.8%

Sample (8 recent finished + 0 in progress) of 15 calls.

▸ Energy

30%

-2.9%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
PSX	▲ Outperform	Sep 5, 19	Sep 4, 20	$99.8	—	$58.88	—	-40.9%
XOM	▲ Outperform	Feb 14, 19	Feb 14, 20	$76.27	🎯$83	$61.02	+9%	-20.5%
MPC	▲ Outperform	Feb 6, 19	Feb 6, 20	$66.87	—	$55.5	—	-17.1%
VLO	▲ Outperform	Jan 18, 19	Jan 18, 20	$82.59	—	$90.02	—	+9.3%
CVX	▲ Outperform	Dec 15, 16	Dec 15, 17	$118.08	🎯$130	$119.26	+10%	+1.4%
DVN	▲ Outperform	Feb 18, 16	Feb 17, 17	$18.65	🎯$29	$45.13	+55%	+141.6%
XOM	▼ Underperform	Sep 23, 15	Sep 22, 16	$72.3	🎯$60	$83.87	-17%	-15.5%
CVX	▼ Underperform	Sep 23, 15	Sep 22, 16	$76.12	🎯$65	$99.72	-15%	-31.3%

Sample (8 recent finished + 0 in progress) of 10 calls.

The stocks Macquarie covers (track record per stock)

Stock

Calls

% profitable

Avg gain 2015+

Avg gain 2020+

Last 12 months

▸ APP AppLovin

75%

+145.9%

+12.7% (1)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
APP	▲ Outperform	May 8, 26	May 8, 27	$468.55	🎯$730	$527.98	+56%	+13% so far
APP	▲ Outperform	Dec 6, 24	Dec 6, 25	$342.54	🎯$450	$688.51	+31%	+101.4%
APP	▲ Outperform	Nov 7, 24	Nov 7, 25	$290.01	🎯$270	$652.52	-7%	+124.6%
APP	▲ Outperform	Sep 25, 24	Sep 25, 25	$128.13	🎯$150	$670.12	+17%	+422.8%
APP	▲ Outperform	Aug 31, 21	Aug 31, 22	$70.4	🎯$90	$24.64	+28%	-65%

▸ NOW ServiceNow

100%

+49.0%

+57.0%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
NOW	▲ Outperform	Apr 27, 23	Apr 26, 24	$91.88	🎯$535	$144.25	+482%	+57%
NOW	▲ Outperform	Apr 26, 18	Apr 26, 19	$32.64	🎯$172	$54.51	+427%	+66.5%
NOW	▲ Outperform	Apr 26, 16	Apr 26, 17	$14.53	🎯$81	$18.16	+457%	+25.1%
NOW	▲ Outperform	Mar 4, 16	Mar 4, 17	$11.7	🎯$72	$17.2	+515%	+47.5%

▸ RCL Royal Caribbean Group

87.5%

+43.2%

+55.0%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
RCL	▲ Outperform	May 9, 25	May 9, 26	$242.18	🎯$265	$263.98	+9%	+8.8%
RCL	▲ Outperform	Jan 30, 25	Jan 30, 26	$266.6	🎯$300	$333.25	+13%	+25.3%
RCL	▲ Outperform	Oct 30, 24	Oct 30, 25	$206.35	🎯$250	$286.83	+21%	+39%
RCL	▲ Outperform	Jul 30, 24	Jul 30, 25	$156.72	🎯$189	$318.14	+21%	+102.8%
RCL	▲ Outperform	Mar 15, 24	Mar 15, 25	$128.26	🎯$160	$219.32	+25%	+71.1%
RCL	▲ Outperform	May 5, 23	May 4, 24	$78.35	🎯$100	$143.38	+28%	+82.8%
RCL	▲ Outperform	Oct 18, 19	Oct 17, 20	$111.18	🎯$132	$60.04	+19%	-46.3%
RCL	▲ Outperform	Oct 4, 16	Oct 4, 17	$75.22	—	$121.86	—	+61.8%

▸ CRWD CrowdStrike

100%

+52.6%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
CRWD	▲ Outperform	Mar 19, 24	Mar 19, 25	$81.72	🎯$370	$92.34	+353%	+12.9%
CRWD	▲ Outperform	Mar 6, 24	Mar 6, 25	$82.42	🎯$370	$83.24	+349%	+1.2%
CRWD	▲ Outperform	Sep 21, 23	Sep 20, 24	$40.64	🎯$185	$73.15	+355%	+80.3%
CRWD	▲ Outperform	Apr 6, 23	Apr 5, 24	$32.03	🎯$180	$78.47	+462%	+144.9%
CRWD	▲ Outperform	Nov 2, 22	Nov 2, 23	$37	🎯$220	$45.88	+495%	+23.5%

▸ CRM Salesforce

100%

+21.0%

+40.2%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
CRM	▲ Outperform	May 31, 24	May 31, 25	$236.62	🎯$275	$262.65	+16%	+10.6%
CRM	▲ Outperform	Mar 2, 23	Mar 1, 24	$186.59	🎯$225	$317.2	+21%	+69.8%
CRM	▲ Outperform	Aug 23, 19	Aug 22, 20	$151.57	🎯$190	$209.17	+25%	+37.5%
CRM	▲ Outperform	Mar 5, 19	Mar 4, 20	$156.97	🎯$188	$175.81	+20%	+11.9%
CRM	▲ Outperform	Aug 30, 18	Aug 30, 19	$152.14	🎯$174	$156.7	+14%	+2.6%
CRM	▲ Outperform	May 19, 16	May 19, 17	$81.09	🎯$95	$87.58	+17%	+7.8%
CRM	▲ Outperform	Apr 26, 16	Apr 26, 17	$76.21	🎯$92	$84.59	+21%	+11.5%
CRM	▲ Outperform	Mar 4, 16	Mar 4, 17	$71.06	🎯$92	$82.43	+29%	+16.1%

▸ MU Micron Technology

80%

+39.1%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
MU	▲ Outperform	Sep 14, 18	Sep 14, 19	$44.3	🎯$70	$50.06	+58%	+13.2%
MU	▲ Outperform	Mar 31, 17	Mar 31, 18	$28.9	—	$50	—	+73.2%
MU	▲ Outperform	Feb 16, 16	Feb 15, 17	$10.81	🎯$14	$23.03	+30%	+113%
MU	▲ Outperform	Dec 23, 15	Dec 22, 16	$14.48	🎯$20	$23.31	+38%	+60.6%
MU	▲ Outperform	Feb 17, 15	Feb 17, 16	$32.33	—	$11.32	—	-64.6%

▸ LVS Las Vegas Sands

100%

+32.9%

-10.8% (6)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
LVS	▲ Outperform	Jul 7, 26	Jul 7, 27	$46.06	🎯$66	$46.06	+43%	+0% so far
LVS	▲ Outperform	May 19, 26	May 19, 27	$49.62	🎯$68	$46.06	+37%	-7% so far
LVS	▲ Outperform	Apr 23, 26	Apr 23, 27	$52.81	🎯$70	$46.06	+33%	-13% so far
LVS	▲ Outperform	Jan 29, 26	Jan 29, 27	$52.73	🎯$70	$46.06	+33%	-13% so far
LVS	▲ Outperform	Oct 23, 25	Oct 23, 26	$57.6	🎯$64	$46.06	+11%	-20% so far
LVS	▲ Outperform	Jul 25, 25	Jul 25, 26	$52.41	🎯$58	$46.06	+11%	-12% so far
LVS	▲ Outperform	Apr 24, 25	Apr 24, 26	$35.89	🎯$52	$54.55	+45%	+51.8%
LVS	▲ Outperform	Jan 31, 25	Jan 31, 26	$44.93	🎯$58	$55.71	+29%	+23.8%

▸ NFLX Netflix

69.2%

+22.4%

+31.7%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
NFLX	▲ Outperform	Apr 21, 25	Apr 21, 26	$104.03	🎯$1200	$93.63	+1054%	-10.4%
NFLX	▲ Outperform	Jan 22, 25	Jan 22, 26	$95.4	🎯$1150	$83.95	+1105%	-12.4%
NFLX	▲ Outperform	Jan 13, 25	Jan 13, 26	$82.84	🎯$965	$88.64	+1065%	+6.9%
NFLX	▲ Outperform	Oct 18, 24	Oct 18, 25	$76.39	🎯$795	$123.75	+941%	+62.1%
NFLX	▲ Outperform	Oct 11, 24	Oct 11, 25	$71.3	🎯$795	$121.92	+1015%	+71%
NFLX	▲ Outperform	Jul 19, 24	Jul 19, 25	$64.75	🎯$695	$123.03	+973%	+90.5%
NFLX	▲ Outperform	Jul 16, 24	Jul 16, 25	$64.75	🎯$685	$127.56	+958%	+96.8%
NFLX	▲ Outperform	Apr 16, 24	Apr 16, 25	$61.75	🎯$685	$96.33	+1009%	+55.7%

Sample (8 recent finished + 0 in progress) of 13 calls.

▸ LYV Live Nation Entertainment

80%

+26.2%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
LYV	▲ Outperform	Mar 6, 25	Mar 6, 26	$127.51	🎯$165	$165.76	+29%	+30%
LYV	▲ Outperform	Nov 15, 24	Nov 15, 25	$132.6	🎯$146	$132.6	+10%	-0.1%
LYV	▲ Outperform	Oct 8, 24	Oct 8, 25	$112.56	🎯$130	$153.08	+15%	+35.7%
LYV	▲ Outperform	Jul 31, 24	Jul 31, 25	$92.98	🎯$125	$145.98	+34%	+57.2%
LYV	▲ Outperform	Jul 5, 22	Jul 5, 23	$84.63	🎯$105	$91.4	+24%	+8.3%
LYV	▲ Outperform	Jul 16, 14	Jul 16, 15	$23.91	🎯$28	$27.26	+17%	+14.3%
LYV	▲ Outperform	Jan 2, 14	Jan 2, 15	$20.34	🎯$24	$25.63	+18%	+25.7%

▸ CCL Carnival Corporation

71.4%

+19.2%

+25.5%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
CCL	▲ Outperform	May 9, 25	May 9, 26	$22.13	🎯$26	$25.45	+17%	+15%
CCL	▲ Outperform	Oct 3, 24	Oct 3, 25	$18.02	🎯$26	$29.01	+44%	+61.4%
CCL	▲ Outperform	Mar 28, 24	Mar 28, 25	$16.34	🎯$24	$19.93	+47%	+21.6%
CCL	▲ Outperform	Dec 29, 23	Dec 28, 24	$18.54	🎯$22	$25.03	+19%	+35.1%
CCL	▲ Outperform	Apr 5, 23	Apr 4, 24	$9.66	🎯$11	$15.07	+14%	+55.9%
CCL	▲ Outperform	Mar 2, 21	Mar 2, 22	$28.67	—	$18.35	—	-36.3%
CCL	▲ Outperform	Jan 25, 19	Jan 25, 20	$55.51	🎯$66	$45.52	+19%	-18.4%

▸ SWK Stanley Black & Decker

100%

+23.0%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
SWK	▲ Outperform	Sep 6, 18	Sep 6, 19	$139.2	🎯$175	$143.38	+26%	+2.8%
SWK	▲ Outperform	Dec 16, 16	Dec 16, 17	$116.77	—	$168.15	—	+43.5%
SWK	▲ Outperform	Aug 31, 15	Aug 30, 16	$101.52	🎯$120	$124.87	+18%	+22.6%

▸ AMT American Tower

100%

+21.2%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
AMT	▲ Outperform	Dec 6, 16	Dec 6, 17	$100.85	🎯$125	$142.2	+24%	+40.6%
AMT	▲ Outperform	Nov 9, 15	Nov 8, 16	$97.13	🎯$115	$108.79	+18%	+12.5%
AMT	▲ Outperform	Apr 15, 15	Apr 14, 16	$95.17	🎯$107	$105.64	+12%	+10.5%
AMT	▲ Outperform	May 21, 13	May 21, 14	$84.64	🎯$96	$88.03	+13%	+4.4%

▸ V Visa Inc.

83.3%

+18.5%

+4.7% (4)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
V	▲ Outperform	May 1, 26	May 1, 27	$328.03	🎯$420	$352.2	+28%	+7% so far
V	▲ Outperform	Jan 30, 26	Jan 30, 27	$333.84	🎯$410	$352.2	+23%	+5% so far
V	▲ Outperform	Oct 29, 25	Oct 29, 26	$345.03	🎯$410	$352.2	+19%	+2% so far
V	▲ Outperform	Aug 1, 25	Aug 1, 26	$339.35	🎯$425	$352.2	+25%	+4% so far
V	▲ Outperform	Apr 30, 25	Apr 30, 26	$342.45	🎯$380	$328.75	+11%	-4.2%
V	▲ Outperform	Oct 30, 24	Oct 30, 25	$289.85	🎯$335	$342.02	+16%	+17.6%
V	▲ Outperform	Sep 27, 24	Sep 27, 25	$274.95	🎯$300	$340.94	+9%	+23.7%
V	▲ Outperform	Jul 24, 24	Jul 24, 25	$253.74	🎯$300	$357.77	+18%	+40.7%

▸ WYNN Wynn Resorts

66.7%

+18.4%

-9.1% (6)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
WYNN	▲ Outperform	Jul 7, 26	Jul 7, 27	$96.35	🎯$143	$96.35	+48%	+0% so far
WYNN	▲ Outperform	May 19, 26	May 19, 27	$98.06	🎯$145	$96.35	+48%	-2% so far
WYNN	▲ Outperform	May 9, 26	May 9, 27	$99.37	🎯$150	$96.35	+51%	-3% so far
WYNN	▲ Outperform	Feb 13, 26	Feb 13, 27	$114.4	🎯$152	$96.35	+33%	-16% so far
WYNN	▲ Outperform	Dec 8, 25	Dec 8, 26	$124.22	🎯$143	$96.35	+15%	-22% so far
WYNN	▲ Outperform	Aug 8, 25	Aug 8, 26	$108.63	🎯$124	$96.35	+14%	-11% so far
WYNN	▲ Outperform	Feb 14, 25	Feb 14, 26	$91.21	🎯$115	$114.01	+26%	+25.4%
WYNN	▲ Outperform	Nov 5, 24	Nov 5, 25	$85.32	🎯$120	$122.86	+41%	+43.6%

▸ ORCL Oracle Corporation

100%

+15.5%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
ORCL	▲ Outperform	Sep 16, 16	Sep 16, 17	$38.92	🎯$49	$48.26	+26%	+24.2%
ORCL	▲ Outperform	Apr 26, 16	Apr 26, 17	$40.65	🎯$46	$44.72	+13%	+9.9%
ORCL	▲ Outperform	Mar 4, 16	Mar 4, 17	$37.89	🎯$45	$42.44	+19%	+12.4%

▸ MSFT Microsoft

100%

+17.2%

+14.7%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
MSFT	▲ Outperform	May 17, 24	May 17, 25	$425.34	🎯$475	$459.37	+12%	+7.9%
MSFT	▲ Outperform	Jan 31, 24	Jan 30, 25	$397.58	🎯$450	$413.48	+13%	+4.4%
MSFT	▲ Outperform	Nov 20, 23	Nov 19, 24	$373.07	🎯$405	$414.11	+9%	+11.4%
MSFT	▲ Outperform	Apr 26, 23	Apr 25, 24	$295.37	🎯$325	$398.75	+10%	+35.1%
MSFT	▲ Outperform	Oct 12, 18	Oct 12, 19	$109.57	🎯$121	$139.15	+10%	+27.4%

▸ T AT&T

100%

+14.2%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
T	▲ Outperform	Apr 5, 16	Apr 5, 17	$29.6	—	$31.38	—	+5.9%
T	▲ Outperform	Jul 29, 15	Jul 28, 16	$26.28	🎯$39	$32.59	+48%	+24.4%
T	▲ Outperform	Apr 24, 15	Apr 23, 16	$25.69	🎯$37	$28.77	+44%	+12.4%

▸ DDOG Datadog

25%

+13.9%

+47.4% (3)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
DDOG	▲ Outperform	Jun 11, 26	Jun 11, 27	$229.9	🎯$230	$256.81	+0%	+12% so far
DDOG	▲ Outperform	May 9, 26	May 9, 27	$202.32	🎯$230	$256.81	+14%	+27% so far
DDOG	▲ Outperform	Feb 11, 26	Feb 11, 27	$126.13	🎯$200	$256.81	+59%	+104% so far
DDOG	▲ Outperform	May 7, 25	May 7, 26	$109.22	🎯$140	$199.87	+28%	+83.3%
DDOG	▲ Outperform	Feb 14, 25	Feb 14, 26	$130.63	🎯$175	$122.79	+34%	-6.2%
DDOG	▲ Outperform	Feb 11, 25	Feb 11, 26	$148.09	🎯$200	$125.88	+35%	-14.8%
DDOG	▲ Outperform	Dec 12, 24	Dec 12, 25	$156.73	🎯$200	$145.76	+28%	-6.8%

▸ CMI Cummins

66.7%

+13.8%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
CMI	▲ Outperform	Feb 5, 16	Feb 4, 17	$98.43	🎯$111	$146.66	+13%	+48.7%
CMI	▲ Outperform	Oct 28, 15	Oct 27, 16	$103.4	🎯$118	$126.15	+14%	+22.5%
CMI	▲ Outperform	Mar 4, 15	Mar 3, 16	$143.95	🎯$165	$100.76	+15%	-29.7%

▸ PEP PepsiCo

100%

+13.8%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
PEP	▲ Outperform	Apr 18, 19	Apr 17, 20	$126.44	🎯$138	$134.03	+9%	+6.4%
PEP	▲ Outperform	Feb 19, 19	Feb 19, 20	$115.93	🎯$126	$146.07	+9%	+25.5%
PEP	▲ Outperform	Sep 28, 18	Sep 28, 19	$111.8	🎯$122	$137.51	+9%	+22.6%
PEP	▲ Outperform	Sep 15, 17	Sep 15, 18	$114.85	🎯$125	$114.85	+9%	+0.5%

▸ XYZ Block, Inc.

66.7%

+9.5%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
XYZ	▲ Outperform	May 2, 25	May 2, 26	$46.53	🎯$110	$72.12	+136%	+54.5%
XYZ	▲ Outperform	Mar 6, 25	Mar 6, 26	$60	🎯$110	$65.4	+83%	+9.2%
XYZ	▲ Outperform	Dec 10, 24	Dec 10, 25	$98.19	🎯$110	$63.82	+12%	-35.2%

▸ PCAR Paccar

75%

+8.7%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
PCAR	▲ Outperform	Jun 5, 18	Jun 5, 19	$42.94	—	$45.95	—	+7.3%
PCAR	▲ Outperform	Feb 1, 16	Jan 31, 17	$31.69	🎯$56	$45.63	+77%	+44.4%
PCAR	▲ Outperform	Oct 28, 15	Oct 27, 16	$35.43	🎯$61	$36.85	+72%	+4.2%
PCAR	▲ Outperform	Jul 6, 15	Jul 5, 16	$42.79	🎯$75	$33.8	+75%	-21.3%

▸ MA Mastercard

50%

+4.1%

-0.4% (3)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
MA	▲ Outperform	May 2, 26	May 2, 27	$504.74	🎯$665	$531.62	+32%	+5% so far
MA	▲ Outperform	Jan 30, 26	Jan 30, 27	$555.37	🎯$675	$531.62	+22%	-4% so far
MA	▲ Outperform	Oct 31, 25	Oct 31, 26	$544.07	🎯$660	$531.62	+21%	-2% so far
MA	▲ Outperform	May 2, 25	May 2, 26	$561.12	🎯$610	$505.01	+9%	-10%
MA	▲ Outperform	Jan 31, 25	Jan 31, 26	$563.95	🎯$645	$552.67	+14%	-1.5%
MA	▲ Outperform	Nov 1, 24	Nov 1, 25	$505.58	🎯$565	$546.03	+12%	+7.6%
MA	▲ Outperform	Apr 28, 23	Apr 27, 24	$379.86	🎯$430	$455.83	+13%	+20.3%

▸ WFC Wells Fargo

50%

+2.3%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
WFC	▲ Outperform	Oct 15, 18	Oct 15, 19	$53.24	—	$50.05	—	-5.9%
WFC	▲ Outperform	Apr 30, 18	Apr 30, 19	$51.96	—	$48.32	—	-6.8%
WFC	▼ Underperform	Sep 25, 15	Sep 24, 16	$50.37	🎯$50	$44.83	-1%	+10.9%
WFC	▼ Underperform	Apr 15, 15	Apr 14, 16	$54.81	🎯$51	$48.78	-7%	+11%
WFC	▼ Underperform	Jun 30, 14	Jun 30, 15	$52.56	—	$56.24	—	-7%

▸ MGM MGM Resorts

50%

+0.5%

+18.3% (4)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
MGM	▲ Outperform	Jul 7, 26	Jul 7, 27	$46.64	🎯$52	$46.64	+11%	+0% so far
MGM	▲ Outperform	May 19, 26	May 19, 27	$36.51	🎯$46	$46.64	+26%	+28% so far
MGM	▲ Outperform	May 1, 26	May 1, 27	$38.5	🎯$48	$46.64	+25%	+21% so far
MGM	▲ Outperform	Feb 6, 26	Feb 6, 27	$37.49	🎯$46	$46.64	+23%	+24% so far
MGM	▲ Outperform	May 2, 25	May 2, 26	$32.07	🎯$48	$38.16	+50%	+19.2%
MGM	▲ Outperform	Feb 13, 25	Feb 13, 26	$39.81	🎯$50	$34.24	+26%	-13.9%
MGM	▲ Outperform	Aug 3, 24	Aug 3, 25	$34.07	🎯$55	$35.43	+61%	+4.2%
MGM	▲ Outperform	Feb 14, 24	Feb 13, 25	$43.1	🎯$58	$39.65	+35%	-7.6%

% profitable = share of its calls that made money (1 year). Avg gain / call = average absolute gain per call (winners and losers). Point-in-time, S&P 500 backtest.