{
 "generated_from": "per-stock research data JSONs (vendored at publish)",
 "as_of": "2026-07-24",
 "universe_n": 853,
 "config_versions": [
  "ros-1.1.0"
 ],
 "note": "Cross-sectional percentiles computed estate-wide at feed build. Model output for research/education — not individualized advice.",
 "rows": [
  {
   "ticker": "CDNS",
   "company": "Cadence Design Systems Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 330.46,
   "conviction": 78.5,
   "conviction_ci": {
    "lo": 66.6,
    "hi": 90.5
   },
   "expected_return_pct": 14.7,
   "expected_return_diluted_pct": 14.7,
   "expected_cagr_pct": 14.7,
   "sharpe": 0.26,
   "downside_expectation_pct": -12.1,
   "stance": "Increase",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "high",
   "quality_score": 95,
   "moat_score": 93,
   "margin_of_safety": 0.1,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
   "factor_lowvol": null,
   "options_preferred": "Covered Call",
   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 3,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 100,
   "expected_return_pct_pctile": 94.7
  },
  {
   "ticker": "NOVT",
   "company": "Novanta Inc",
   "sector": null,
   "rating": "STRONG BUY",
   "price": 143.26,
   "conviction": 78.1,
   "conviction_ci": {
    "lo": 69.2,
    "hi": 87
   },
   "expected_return_pct": 43.3,
   "expected_return_diluted_pct": 43.3,
   "expected_cagr_pct": 43.3,
   "sharpe": 0.83,
   "downside_expectation_pct": -8.3,
   "stance": "Increase",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "medium",
   "quality_score": 74,
   "moat_score": 73,
   "margin_of_safety": 37.5,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
   "factor_lowvol": null,
   "options_preferred": "Long Stock",
   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 99.9,
   "expected_return_pct_pctile": 99.2
  },
  {
   "ticker": "DOCS",
   "company": "Doximity Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 20.45,
   "conviction": 77.8,
   "conviction_ci": {
    "lo": 69.1,
    "hi": 86.5
   },
   "expected_return_pct": 5.6,
   "expected_return_diluted_pct": 5.6,
   "expected_cagr_pct": 5.6,
   "sharpe": 0.05,
   "downside_expectation_pct": -14.3,
   "stance": "Hold",
   "initial_pct_nav": 0.52,
   "max_pct_nav": 0.87,
   "liquidity": "medium",
   "quality_score": 98,
   "moat_score": 94,
   "margin_of_safety": 6.3,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
   "factor_lowvol": null,
   "options_preferred": "Covered Call",
   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 99.8,
   "expected_return_pct_pctile": 83.1
  },
  {
   "ticker": "ISRG",
   "company": "Intuitive Surgical Inc",
   "sector": null,
   "rating": "BUY",
   "price": 332.02,
   "conviction": 77.6,
   "conviction_ci": {
    "lo": 65.7,
    "hi": 89.5
   },
   "expected_return_pct": 21.8,
   "expected_return_diluted_pct": 21.8,
   "expected_cagr_pct": 21.8,
   "sharpe": 0.48,
   "downside_expectation_pct": -11,
   "stance": "Increase",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "high",
   "quality_score": 87,
   "moat_score": 91,
   "margin_of_safety": 8.3,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
   "factor_lowvol": null,
   "options_preferred": "Call Debit Spread",
   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 99.6,
   "expected_return_pct_pctile": 97.3
  },
  {
   "ticker": "MANH",
   "company": "Manhattan Associates Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 147.43,
   "conviction": 77.4,
   "conviction_ci": {
    "lo": 68.5,
    "hi": 86.3
   },
   "expected_return_pct": 13.5,
   "expected_return_diluted_pct": 13.5,
   "expected_cagr_pct": 13.5,
   "sharpe": 0.22,
   "downside_expectation_pct": -12.6,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "medium",
   "quality_score": 98,
   "moat_score": 88,
   "margin_of_safety": 9.8,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
   "factor_lowvol": null,
   "options_preferred": "Cash-Secured Put",
   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 4,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 99.5,
   "expected_return_pct_pctile": 93.7
  },
  {
   "ticker": "KLAC",
   "company": "KLA Corporation",
   "sector": null,
   "rating": "HOLD",
   "price": 218.73,
   "conviction": 77,
   "conviction_ci": {
    "lo": 65.1,
    "hi": 88.9
   },
   "expected_return_pct": 13.9,
   "expected_return_diluted_pct": 13.9,
   "expected_cagr_pct": 13.9,
   "sharpe": 0.22,
   "downside_expectation_pct": -15.9,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "high",
   "quality_score": 94,
   "moat_score": 97,
   "margin_of_safety": -6,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
   "factor_lowvol": null,
   "options_preferred": "Long Stock",
   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 4,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 99.4,
   "expected_return_pct_pctile": 94
  },
  {
   "ticker": "APP",
   "company": "Applovin Corp",
   "sector": null,
   "rating": "BUY",
   "price": 398.86,
   "conviction": 76.7,
   "conviction_ci": {
    "lo": 64.8,
    "hi": 88.6
   },
   "expected_return_pct": 20.8,
   "expected_return_diluted_pct": 20.7,
   "expected_cagr_pct": 20.8,
   "sharpe": 0.45,
   "downside_expectation_pct": -11.5,
   "stance": "Increase",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "high",
   "quality_score": 90,
   "moat_score": 80,
   "margin_of_safety": 0.5,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
   "factor_lowvol": null,
   "options_preferred": "Long Stock",
   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 99.3,
   "expected_return_pct_pctile": 97
  },
  {
   "ticker": "IDCC",
   "company": "InterDigital Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 256.06,
   "conviction": 76.6,
   "conviction_ci": {
    "lo": 67.7,
    "hi": 85.5
   },
   "expected_return_pct": 1.9,
   "expected_return_diluted_pct": 1.9,
   "expected_cagr_pct": 1.9,
   "sharpe": -0.05,
   "downside_expectation_pct": -15.1,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "medium",
   "quality_score": 98,
   "moat_score": 87,
   "margin_of_safety": -2.9,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
   "factor_lowvol": null,
   "options_preferred": "Covered Call",
   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 99.2,
   "expected_return_pct_pctile": 66.6
  },
  {
   "ticker": "QLYS",
   "company": "Qualys Inc",
   "sector": null,
   "rating": "BUY",
   "price": 133.74,
   "conviction": 76.1,
   "conviction_ci": {
    "lo": 66.1,
    "hi": 86.1
   },
   "expected_return_pct": 15.4,
   "expected_return_diluted_pct": 15.4,
   "expected_cagr_pct": 15.4,
   "sharpe": 0.27,
   "downside_expectation_pct": -12.8,
   "stance": "Increase",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "medium",
   "quality_score": 98,
   "moat_score": 92,
   "margin_of_safety": 16.3,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
   "factor_lowvol": null,
   "options_preferred": "Long Stock",
   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 99.1,
   "expected_return_pct_pctile": 95.1
  },
  {
   "ticker": "KNSL",
   "company": "Kinsale Capital Group Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 332.28,
   "conviction": 75.9,
   "conviction_ci": {
    "lo": 67,
    "hi": 84.8
   },
   "expected_return_pct": 7.6,
   "expected_return_diluted_pct": 7.6,
   "expected_cagr_pct": 7.6,
   "sharpe": 0.1,
   "downside_expectation_pct": -13.9,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "medium",
   "quality_score": 98,
   "moat_score": 87,
   "margin_of_safety": -6.9,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
   "factor_lowvol": null,
   "options_preferred": "Covered Call",
   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 98.9,
   "expected_return_pct_pctile": 86.5
  },
  {
   "ticker": "NVDA",
   "company": "NVIDIA Corporation",
   "sector": null,
   "rating": "HOLD",
   "price": 208.76,
   "conviction": 75.8,
   "conviction_ci": {
    "lo": 66.7,
    "hi": 84.9
   },
   "expected_return_pct": -3.3,
   "expected_return_diluted_pct": -4.7,
   "expected_cagr_pct": -3.3,
   "sharpe": -0.12,
   "downside_expectation_pct": -23.5,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "high",
   "quality_score": 95,
   "moat_score": 100,
   "margin_of_safety": 4.3,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
   "factor_lowvol": null,
   "options_preferred": "Long Stock",
   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 98.8,
   "expected_return_pct_pctile": 34.5
  },
  {
   "ticker": "RMD",
   "company": "ResMed Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 191.89,
   "conviction": 75.6,
   "conviction_ci": {
    "lo": 63.7,
    "hi": 87.6
   },
   "expected_return_pct": 4.7,
   "expected_return_diluted_pct": 4.7,
   "expected_cagr_pct": 4.7,
   "sharpe": 0.02,
   "downside_expectation_pct": -14.3,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "high",
   "quality_score": 96,
   "moat_score": 89,
   "margin_of_safety": 1.4,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
   "factor_lowvol": null,
   "options_preferred": "Long Stock",
   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 98.7,
   "expected_return_pct_pctile": 80.5
  },
  {
   "ticker": "DLB",
   "company": "Dolby Laboratories",
   "sector": null,
   "rating": "HOLD",
   "price": 49.16,
   "conviction": 75.2,
   "conviction_ci": {
    "lo": 66.3,
    "hi": 84.1
   },
   "expected_return_pct": 5.4,
   "expected_return_diluted_pct": 5.4,
   "expected_cagr_pct": 5.4,
   "sharpe": 0.04,
   "downside_expectation_pct": -14.3,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "medium",
   "quality_score": 96,
   "moat_score": 89,
   "margin_of_safety": 14.8,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
   "factor_lowvol": null,
   "options_preferred": "Covered Call",
   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 98.6,
   "expected_return_pct_pctile": 82.5
  },
  {
   "ticker": "ADBE",
   "company": "Adobe Systems Incorporated",
   "sector": null,
   "rating": "HOLD",
   "price": 212.17,
   "conviction": 74.4,
   "conviction_ci": {
    "lo": 62,
    "hi": 86.7
   },
   "expected_return_pct": -4.9,
   "expected_return_diluted_pct": -4.9,
   "expected_cagr_pct": -4.9,
   "sharpe": -0.27,
   "downside_expectation_pct": -17.2,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "high",
   "quality_score": 98,
   "moat_score": 92,
   "margin_of_safety": 7.3,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
   "factor_lowvol": null,
   "options_preferred": "Long Stock",
   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 98.5,
   "expected_return_pct_pctile": 26.3
  },
  {
   "ticker": "PCTY",
   "company": "Paylocity Holding Corporation",
   "sector": null,
   "rating": "HOLD",
   "price": 120.6,
   "conviction": 74.4,
   "conviction_ci": {
    "lo": 65.5,
    "hi": 83.3
   },
   "expected_return_pct": 3.6,
   "expected_return_diluted_pct": 3.5,
   "expected_cagr_pct": 3.6,
   "sharpe": -0.01,
   "downside_expectation_pct": -12,
   "stance": "Hold",
   "initial_pct_nav": 0.52,
   "max_pct_nav": 0.87,
   "liquidity": "medium",
   "quality_score": 90,
   "moat_score": 88,
   "margin_of_safety": 3.2,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
   "factor_lowvol": null,
   "options_preferred": "Covered Call",
   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 98.5,
   "expected_return_pct_pctile": 76
  },
  {
   "ticker": "MA",
   "company": "Mastercard Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 530.29,
   "conviction": 74.3,
   "conviction_ci": {
    "lo": 61.6,
    "hi": 86.9
   },
   "expected_return_pct": -6,
   "expected_return_diluted_pct": -6,
   "expected_cagr_pct": -6,
   "sharpe": -0.34,
   "downside_expectation_pct": -17.5,
   "stance": "Hold",
   "initial_pct_nav": 0.55,
   "max_pct_nav": 0.92,
   "liquidity": "high",
   "quality_score": 96,
   "moat_score": 100,
   "margin_of_safety": -8,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
   "factor_lowvol": null,
   "options_preferred": "Covered Call",
   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 98.2,
   "expected_return_pct_pctile": 21.5
  },
  {
   "ticker": "MSFT",
   "company": "Microsoft Corporation",
   "sector": null,
   "rating": "HOLD",
   "price": 381.58,
   "conviction": 74.3,
   "conviction_ci": {
    "lo": 65.3,
    "hi": 83.3
   },
   "expected_return_pct": 10.5,
   "expected_return_diluted_pct": 10,
   "expected_cagr_pct": 10.5,
   "sharpe": 0.23,
   "downside_expectation_pct": -12.2,
   "stance": "Hold",
   "initial_pct_nav": 0.57,
   "max_pct_nav": 0.95,
   "liquidity": "high",
   "quality_score": 81,
   "moat_score": 92,
   "margin_of_safety": 9.3,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
   "factor_lowvol": null,
   "options_preferred": "Covered Call",
   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 98.2,
   "expected_return_pct_pctile": 89.7
  },
  {
   "ticker": "EXEL",
   "company": "Exelixis Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 55.65,
   "conviction": 73.8,
   "conviction_ci": {
    "lo": 64.9,
    "hi": 82.8
   },
   "expected_return_pct": 1.6,
   "expected_return_diluted_pct": 1.6,
   "expected_cagr_pct": 1.6,
   "sharpe": -0.08,
   "downside_expectation_pct": -15.2,
   "stance": "Hold",
   "initial_pct_nav": 0.54,
   "max_pct_nav": 0.9,
   "liquidity": "high",
   "quality_score": 90,
   "moat_score": 92,
   "margin_of_safety": -4,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
   "factor_lowvol": null,
   "options_preferred": "Covered Call",
   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 3,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 98,
   "expected_return_pct_pctile": 64.9
  },
  {
   "ticker": "DOCU",
   "company": "DocuSign Inc",
   "sector": null,
   "rating": "BUY",
   "price": 47.04,
   "conviction": 73.7,
   "conviction_ci": {
    "lo": 64.7,
    "hi": 82.6
   },
   "expected_return_pct": 15.3,
   "expected_return_diluted_pct": 15.3,
   "expected_cagr_pct": 15.3,
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   "company": "Autodesk Inc",
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   "ticker": "PATH",
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   "expected_return_pct": 17.6,
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   "ticker": "UBSI",
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   "expected_return_pct": 2.9,
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   "ticker": "UMBF",
   "company": "UMB Financial Corporation",
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   "ticker": "CRM",
   "company": "Salesforce.com Inc",
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    "lo": 60.3,
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   "ticker": "PLTR",
   "company": "Palantir Technologies",
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    "lo": 60.2,
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   "expected_return_pct": 22.7,
   "expected_return_diluted_pct": 18,
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   "conviction_pctile": 95.3,
   "expected_return_pct_pctile": 97.7
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   "ticker": "RNR",
   "company": "Renaissancere Holdings Ltd",
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    "lo": 63,
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   "expected_return_pct": 0.5,
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   "ticker": "GOOGL",
   "company": "Alphabet Inc.",
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    "lo": 63.3,
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   "expected_return_pct": -8.1,
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   "ticker": "AME",
   "company": "Ametek Inc",
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   "expected_return_pct": -0.2,
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   "expected_return_pct_pctile": 52.5
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   "ticker": "PB",
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    "lo": 59.4,
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   "expected_return_pct": 1.7,
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   "next_catalyst_type": "earnings",
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   "conviction_pctile": 94.8,
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   "ticker": "COLB",
   "company": "Columbia Banking System Inc",
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    "lo": 59.4,
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   "expected_return_pct": 2.6,
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   "conviction_pctile": 94.6,
   "expected_return_pct_pctile": 71.5
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   "ticker": "MS",
   "company": "Morgan Stanley",
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    "lo": 56.3,
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   "expected_return_pct": -6.1,
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   "ticker": "META",
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   "ticker": "JKHY",
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    "lo": 59.5,
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   "ticker": "TYL",
   "company": "Tyler Technologies Inc",
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   "ticker": "CB",
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    "lo": 58,
    "hi": 83
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   "expected_return_pct": -5.4,
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    "lo": 58.4,
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   "expected_return_pct": -2.9,
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   "ticker": "APH",
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    "lo": 58.4,
    "hi": 82.2
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   "expected_return_pct": 1.5,
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   "next_catalyst_type": "earnings",
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   "ticker": "DDOG",
   "company": "Datadog Inc",
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   "conviction_ci": {
    "lo": 58.1,
    "hi": 82.4
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   "expected_return_pct": -1.7,
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   "ticker": "NFLX",
   "company": "Netflix Inc",
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   "ticker": "QCOM",
   "company": "Qualcomm Incorporated",
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   "ticker": "TPL",
   "company": "Texas Pacific Land Corporation",
   "sector": null,
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   "conviction": 70.3,
   "conviction_ci": {
    "lo": 60.6,
    "hi": 80.1
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   "ticker": "CME",
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   "expected_return_pct": -14.7,
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   "initial_pct_nav": 0,
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   "ticker": "GMED",
   "company": "Globus Medical",
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    "lo": 62.2,
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   "expected_return_pct": 1,
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   "ticker": "AVGO",
   "company": "Broadcom Inc",
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   "conviction_ci": {
    "lo": 57.3,
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   "expected_return_pct": -8.2,
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   "margin_of_safety": -20.3,
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   "ticker": "NTRS",
   "company": "Northern Trust Corporation",
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   "ticker": "SCHW",
   "company": "Charles Schwab Corp",
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    "lo": 54.4,
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   "expected_return_pct": -10.5,
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   "ticker": "ASB",
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   "expected_return_pct": 4.7,
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   "ticker": "FHI",
   "company": "Federated Investors Inc B",
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   "company": "Snap-On Inc",
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   "ticker": "FFIV",
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   "ticker": "WAT",
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   "ticker": "GE",
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   "conviction_pctile": 91.4,
   "expected_return_pct_pctile": 44.2
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   "ticker": "CGNX",
   "company": "Cognex Corporation",
   "sector": null,
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   "price": 63.44,
   "conviction": 69.4,
   "conviction_ci": {
    "lo": 59.4,
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   "expected_return_pct": -0.3,
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   "downside_expectation_pct": -15.6,
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   "conviction_pctile": 91.3,
   "expected_return_pct_pctile": 51.8
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   "ticker": "CRUS",
   "company": "Cirrus Logic Inc",
   "sector": null,
   "rating": "HOLD",
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   "conviction_ci": {
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   "expected_return_pct": 0.1,
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   "margin_of_safety": 2.9,
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   "conviction_pctile": 91.3,
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   "ticker": "MCO",
   "company": "Moodys Corporation",
   "sector": null,
   "rating": "HOLD",
   "price": 472.24,
   "conviction": 69.4,
   "conviction_ci": {
    "lo": 57.9,
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   "expected_return_pct": -3.2,
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   "downside_expectation_pct": -16.1,
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   "quality_score": 91,
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   "conviction_pctile": 91.3,
   "expected_return_pct_pctile": 35.3
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   "ticker": "NEM",
   "company": "Newmont Corporation",
   "sector": null,
   "rating": "HOLD",
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   "conviction": 69.4,
   "conviction_ci": {
    "lo": 61.2,
    "hi": 77.6
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   "expected_return_pct": 11,
   "expected_return_diluted_pct": 10.5,
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   "downside_expectation_pct": -16.3,
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   "quality_score": 69,
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   "conviction_pctile": 91.3,
   "expected_return_pct_pctile": 90.6
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   "ticker": "ADP",
   "company": "Automatic Data Processing Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 242.88,
   "conviction": 69.3,
   "conviction_ci": {
    "lo": 56.5,
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   "expected_return_pct": -8.5,
   "expected_return_diluted_pct": -8.5,
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   "sharpe": -0.43,
   "downside_expectation_pct": -16.2,
   "stance": "Hold",
   "initial_pct_nav": 0.53,
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   "next_catalyst_type": "earnings",
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   "conviction_pctile": 90.9,
   "expected_return_pct_pctile": 12.2
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   "ticker": "CSGP",
   "company": "CoStar Group Inc",
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   "rating": "HOLD",
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   "conviction": 69.3,
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    "lo": 57.4,
    "hi": 81.2
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   "expected_return_pct": 11.5,
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   "margin_of_safety": 11.3,
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   "next_catalyst_type": "earnings",
   "next_catalyst_days": 4,
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   "conviction_pctile": 90.9,
   "expected_return_pct_pctile": 91.3
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   "ticker": "REGN",
   "company": "Regeneron Pharmaceuticals Inc",
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    "lo": 57.5,
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   "expected_return_pct": -5.4,
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   "expected_return_pct_pctile": 23.9
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   "ticker": "CBSH",
   "company": "Commerce Bancshares Inc",
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    "lo": 57.2,
    "hi": 81
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   "expected_return_pct": 1.5,
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   "conviction_pctile": 90.5,
   "expected_return_pct_pctile": 64.5
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   "ticker": "CPRT",
   "company": "Copart Inc",
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   "conviction_ci": {
    "lo": 57.9,
    "hi": 80.3
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   "expected_return_pct": 10.4,
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   "sharpe": 0.2,
   "downside_expectation_pct": -10.6,
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   "expected_return_pct_pctile": 89.6
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   "ticker": "VLTO",
   "company": "Veralto Corporation",
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    "lo": 56.8,
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   "expected_return_pct": -5.8,
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   "next_catalyst_type": "earnings",
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   "expected_return_pct_pctile": 22
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   "ticker": "SPGI",
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    "lo": 57.4,
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   "ticker": "VRSN",
   "company": "VeriSign Inc",
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   "ticker": "AXP",
   "company": "American Express Company",
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    "lo": 55.2,
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   "expected_return_pct": 2,
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   "ticker": "FHN",
   "company": "First Horizon Corporation",
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    "lo": 56.6,
    "hi": 81
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   "ticker": "IBOC",
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    "lo": 56.8,
    "hi": 80.8
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   "expected_return_pct": 2.4,
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   "next_catalyst_type": "macro",
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   "expected_return_pct_pctile": 69.9
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   "ticker": "TT",
   "company": "Trane Technologies plc",
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   "next_catalyst_type": "macro",
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   "expected_return_pct_pctile": 56.9
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   "ticker": "CBOE",
   "company": "Cboe Global Markets Inc",
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   "conviction_ci": {
    "lo": 55.7,
    "hi": 81.4
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   "expected_return_pct": -17.5,
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   "downside_expectation_pct": -23.7,
   "stance": "Hold",
   "initial_pct_nav": 0,
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   "next_catalyst_type": "macro",
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   "expected_return_pct_pctile": 2.8
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   "ticker": "DECK",
   "company": "Deckers Outdoor Corporation",
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   "price": 96.23,
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   "conviction_ci": {
    "lo": 56.6,
    "hi": 80.7
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   "expected_return_pct": 6.2,
   "expected_return_diluted_pct": 6.2,
   "expected_cagr_pct": 6.2,
   "sharpe": 0.06,
   "downside_expectation_pct": -13.7,
   "stance": "Hold",
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   "next_catalyst_type": "macro",
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   "conviction_pctile": 89.4,
   "expected_return_pct_pctile": 84.4
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   "ticker": "NFG",
   "company": "National Fuel Gas Company",
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   "conviction_ci": {
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   "expected_return_pct": 21.4,
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   "ticker": "AAPL",
   "company": "Apple Inc.",
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   "expected_return_pct": -15.1,
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   "initial_pct_nav": 0,
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   "ticker": "ANET",
   "company": "Arista Networks",
   "sector": null,
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   "conviction": 68.3,
   "conviction_ci": {
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   "expected_return_pct": -10.9,
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   "initial_pct_nav": 0,
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   "conviction_pctile": 89.1,
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   "ticker": "HALO",
   "company": "Halozyme Therapeutics Inc",
   "sector": null,
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   "conviction": 68.3,
   "conviction_ci": {
    "lo": 59.1,
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   "expected_return_pct": -2.7,
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   "ticker": "HQY",
   "company": "HealthEquity Inc",
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    "lo": 59.4,
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   "expected_return_pct": 5.1,
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   "ticker": "WTFC",
   "company": "Wintrust Financial Corporation",
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    "lo": 56.2,
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   "expected_return_pct": 2.3,
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   "conviction_pctile": 89.1,
   "expected_return_pct_pctile": 69.4
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   "ticker": "ZION",
   "company": "Zions Bancorporation",
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   "conviction": 68.3,
   "conviction_ci": {
    "lo": 56.3,
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   "expected_return_pct": 0.4,
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   "conviction_pctile": 89.1,
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   "ticker": "OKTA",
   "company": "Okta Inc",
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    "lo": 56.7,
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   "expected_return_pct": 8.9,
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   "conviction_pctile": 88.4,
   "expected_return_pct_pctile": 87.9
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   "ticker": "PNR",
   "company": "Pentair PLC",
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    "lo": 56.2,
    "hi": 80
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   "expected_return_pct": 23.1,
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   "ticker": "BLK",
   "company": "BlackRock Inc",
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    "lo": 55.2,
    "hi": 80.9
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   "expected_return_pct": -10.3,
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   "initial_pct_nav": 0,
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   "ticker": "EVR",
   "company": "Evercore Partners Inc",
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    "lo": 55.1,
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   "ticker": "GBCI",
   "company": "Glacier Bancorp Inc",
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   "ticker": "NTNX",
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   "ticker": "VRTX",
   "company": "Vertex Pharmaceuticals Inc",
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   "ticker": "EXLS",
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   "ticker": "KKR",
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    "lo": 52.2,
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   "ticker": "WH",
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   "ticker": "ZTS",
   "company": "Zoetis Inc",
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    "lo": 56.7,
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   "ticker": "CVLT",
   "company": "CommVault Systems Inc",
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    "lo": 59.8,
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   "conviction_pctile": 87.1,
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   "ticker": "ETN",
   "company": "Eaton Corporation PLC",
   "sector": null,
   "rating": "HOLD",
   "price": 415.13,
   "conviction": 67.5,
   "conviction_ci": {
    "lo": 55.3,
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   "expected_return_pct": -3.9,
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   "conviction_pctile": 87.1,
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   "ticker": "HLI",
   "company": "Houlihan Lokey Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 137.81,
   "conviction": 67.5,
   "conviction_ci": {
    "lo": 55.4,
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   "expected_return_pct": 3.4,
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   "sharpe": -0.02,
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   "next_catalyst_type": "earnings",
   "next_catalyst_days": 5,
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   "config_version": "ros-1.1.0",
   "conviction_pctile": 87.1,
   "expected_return_pct_pctile": 74.7
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   "ticker": "PGR",
   "company": "Progressive Corp",
   "sector": null,
   "rating": "HOLD",
   "price": 207.07,
   "conviction": 67.5,
   "conviction_ci": {
    "lo": 56.4,
    "hi": 78.7
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   "expected_return_pct": 4,
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   "conviction_pctile": 87.1,
   "expected_return_pct_pctile": 77.8
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   "ticker": "TCBI",
   "company": "Texas Capital Bancshares, Inc.",
   "sector": null,
   "rating": "HOLD",
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   "conviction": 67.5,
   "conviction_ci": {
    "lo": 55.6,
    "hi": 79.4
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   "expected_return_pct": 6.1,
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   "sharpe": 0.07,
   "downside_expectation_pct": -14.2,
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   "initial_pct_nav": 0.5,
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   "quality_score": 81,
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   "margin_of_safety": -1.8,
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   "conviction_pctile": 87.1,
   "expected_return_pct_pctile": 83.9
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   "ticker": "DBX",
   "company": "Dropbox Inc",
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   "rating": "HOLD",
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   "conviction_ci": {
    "lo": 56.1,
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   "expected_return_pct": 5.2,
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   "expected_cagr_pct": 5.2,
   "sharpe": 0.03,
   "downside_expectation_pct": -14.4,
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   "conviction_pctile": 86.5,
   "expected_return_pct_pctile": 81.7
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   "ticker": "FN",
   "company": "Fabrinet",
   "sector": null,
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   "price": 517.73,
   "conviction": 67.4,
   "conviction_ci": {
    "lo": 58.1,
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   "expected_return_pct": -3.2,
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   "margin_of_safety": -5.7,
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   "config_version": "ros-1.1.0",
   "conviction_pctile": 86.5,
   "expected_return_pct_pctile": 35.3
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   "ticker": "RLI",
   "company": "RLI Corp",
   "sector": null,
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   "conviction_ci": {
    "lo": 59.1,
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   "expected_return_pct": 0,
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   "expected_return_pct_pctile": 54
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   "ticker": "CRWD",
   "company": "Crowdstrike Holdings Inc",
   "sector": null,
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   "conviction": 67.3,
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    "lo": 50.3,
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   "expected_return_pct": 14.5,
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   "sharpe": 0.06,
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   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "quality_score": -127,
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   "conviction_pctile": 86.2,
   "expected_return_pct_pctile": 94.6
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   "ticker": "MNST",
   "company": "Monster Beverage Corp",
   "sector": null,
   "rating": "HOLD",
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   "conviction": 67.3,
   "conviction_ci": {
    "lo": 56.1,
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   "expected_return_pct": -2.4,
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   "downside_expectation_pct": -13.9,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "liquidity": "high",
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   "margin_of_safety": -11.3,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
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   "conviction_pctile": 86.2,
   "expected_return_pct_pctile": 38.9
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   "ticker": "MSCI",
   "company": "MSCI Inc",
   "sector": null,
   "rating": "HOLD",
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   "conviction": 67.3,
   "conviction_ci": {
    "lo": 54,
    "hi": 80.6
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   "expected_return_pct": -0.5,
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   "downside_expectation_pct": -15.3,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "margin_of_safety": -9.3,
   "factor_growth": null,
   "factor_value": null,
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   "factor_momentum": null,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
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   "conviction_pctile": 86.2,
   "expected_return_pct_pctile": 50.6
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   "ticker": "WBS",
   "company": "Webster Financial Corporation",
   "sector": null,
   "rating": "HOLD",
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   "conviction": 67.3,
   "conviction_ci": {
    "lo": 55.3,
    "hi": 79.2
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   "expected_return_pct": 2.6,
   "expected_return_diluted_pct": 2.6,
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   "sharpe": -0.05,
   "downside_expectation_pct": -15,
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   "initial_pct_nav": 0.52,
   "max_pct_nav": 0.88,
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   "margin_of_safety": -1.5,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
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   "conviction_pctile": 86.2,
   "expected_return_pct_pctile": 71.5
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  {
   "ticker": "WST",
   "company": "West Pharmaceutical Services Inc",
   "sector": null,
   "rating": "HOLD",
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   "conviction": 67.3,
   "conviction_ci": {
    "lo": 55.7,
    "hi": 78.9
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   "expected_return_pct": -3.5,
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   "sharpe": -0.21,
   "downside_expectation_pct": -16.2,
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   "margin_of_safety": -14.9,
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   "conviction_pctile": 86.2,
   "expected_return_pct_pctile": 32.9
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   "ticker": "ACGL",
   "company": "Arch Capital Group Ltd.",
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   "rating": "HOLD",
   "price": 100.1,
   "conviction": 67.2,
   "conviction_ci": {
    "lo": 54.9,
    "hi": 79.5
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   "expected_return_pct": -2.6,
   "expected_return_diluted_pct": -2.6,
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   "next_catalyst_days": 4,
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   "conviction_pctile": 85.6,
   "expected_return_pct_pctile": 38.2
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   "ticker": "AMZN",
   "company": "Amazon.com",
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   "conviction": 67.2,
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    "lo": 59.4,
    "hi": 74.9
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   "expected_return_pct": 6.9,
   "expected_return_diluted_pct": 5.8,
   "expected_cagr_pct": 6.9,
   "sharpe": 0.07,
   "downside_expectation_pct": -11.2,
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   "margin_of_safety": -11.2,
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   "next_catalyst_type": "macro",
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   "expected_return_pct_pctile": 85.3
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   "ticker": "BNY",
   "company": "The Bank of New York Mellon Corporation",
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   "conviction": 67.2,
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    "lo": 51.1,
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   "expected_return_pct": -11.9,
   "expected_return_diluted_pct": -11.9,
   "expected_cagr_pct": -11.9,
   "sharpe": -0.61,
   "downside_expectation_pct": -21.1,
   "stance": "Hold",
   "initial_pct_nav": 0,
   "max_pct_nav": 0,
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   "margin_of_safety": -14.6,
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   "next_catalyst": "Ex-dividend $0.63/sh",
   "next_catalyst_type": "dividend",
   "next_catalyst_days": 3,
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   "conviction_pctile": 85.6,
   "expected_return_pct_pctile": 6.4
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  {
   "ticker": "WEX",
   "company": "Wex Inc",
   "sector": null,
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   "conviction": 67.1,
   "conviction_ci": {
    "lo": 58.6,
    "hi": 75.7
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   "expected_return_pct": -8.2,
   "expected_return_diluted_pct": -8.2,
   "expected_cagr_pct": -8.2,
   "sharpe": -0.37,
   "downside_expectation_pct": -18.9,
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   "initial_pct_nav": 0.5,
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   "margin_of_safety": -22.4,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
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   "conviction_pctile": 85.2,
   "expected_return_pct_pctile": 13.5
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   "ticker": "PNFP",
   "company": "Pinnacle Financial Partners, Inc.",
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   "conviction": 66.9,
   "conviction_ci": {
    "lo": 54.9,
    "hi": 78.9
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   "expected_return_pct": 0,
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   "downside_expectation_pct": -15.5,
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   "initial_pct_nav": 0.52,
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   "margin_of_safety": 3.9,
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   "next_catalyst": "FOMC rate decision + press conference",
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   "next_catalyst_days": 5,
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   "conviction_pctile": 85.1,
   "expected_return_pct_pctile": 54
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  {
   "ticker": "HWM",
   "company": "Howmet Aerospace Inc",
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   "conviction": 66.8,
   "conviction_ci": {
    "lo": 54.2,
    "hi": 79.4
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   "expected_return_pct": -11.4,
   "expected_return_diluted_pct": -11.4,
   "expected_cagr_pct": -11.4,
   "sharpe": -0.46,
   "downside_expectation_pct": -20.2,
   "stance": "Hold",
   "initial_pct_nav": 0,
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   "margin_of_safety": -25.2,
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   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
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   "config_version": "ros-1.1.0",
   "conviction_pctile": 85,
   "expected_return_pct_pctile": 6.7
  },
  {
   "ticker": "MEDP",
   "company": "Medpace Holdings Inc",
   "sector": null,
   "rating": "SELL",
   "price": 605.82,
   "conviction": 66.8,
   "conviction_ci": {
    "lo": 57.5,
    "hi": 76.1
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   "expected_return_pct": -12.8,
   "expected_return_diluted_pct": -12.7,
   "expected_cagr_pct": -12.8,
   "sharpe": -0.49,
   "downside_expectation_pct": -21.5,
   "stance": "Hold",
   "initial_pct_nav": 0,
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   "quality_score": 83,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 85,
   "expected_return_pct_pctile": 5.5
  },
  {
   "ticker": "OZK",
   "company": "Bank Ozk",
   "sector": null,
   "rating": "HOLD",
   "price": 50.12,
   "conviction": 66.8,
   "conviction_ci": {
    "lo": 53.8,
    "hi": 79.8
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   "expected_return_pct": -0.5,
   "expected_return_diluted_pct": -0.6,
   "expected_cagr_pct": -0.5,
   "sharpe": -0.16,
   "downside_expectation_pct": -15.6,
   "stance": "Hold",
   "initial_pct_nav": 0.53,
   "max_pct_nav": 0.89,
   "liquidity": "medium",
   "quality_score": 85,
   "moat_score": 72,
   "margin_of_safety": 19.6,
   "factor_growth": null,
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   "factor_momentum": null,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 85,
   "expected_return_pct_pctile": 50.6
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  {
   "ticker": "CINF",
   "company": "Cincinnati Financial Corporation",
   "sector": null,
   "rating": "HOLD",
   "price": 179.38,
   "conviction": 66.7,
   "conviction_ci": {
    "lo": 54.7,
    "hi": 78.7
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   "expected_return_pct": 3.8,
   "expected_return_diluted_pct": 3.8,
   "expected_cagr_pct": 3.8,
   "sharpe": 0,
   "downside_expectation_pct": -14.6,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "high",
   "quality_score": 82,
   "moat_score": 50,
   "margin_of_safety": -15.7,
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   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 3,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 84.6,
   "expected_return_pct_pctile": 77.1
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  {
   "ticker": "EXPO",
   "company": "Exponent Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 59.98,
   "conviction": 66.7,
   "conviction_ci": {
    "lo": 57.7,
    "hi": 75.7
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   "expected_return_pct": 3.5,
   "expected_return_diluted_pct": 3.5,
   "expected_cagr_pct": 3.5,
   "sharpe": -0.02,
   "downside_expectation_pct": -12,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "medium",
   "quality_score": 88,
   "moat_score": 84,
   "margin_of_safety": -3.3,
   "factor_growth": null,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 84.6,
   "expected_return_pct_pctile": 75.3
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  {
   "ticker": "GWRE",
   "company": "Guidewire Software Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 131.38,
   "conviction": 66.7,
   "conviction_ci": {
    "lo": 56.6,
    "hi": 76.9
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   "expected_return_pct": 14,
   "expected_return_diluted_pct": 14,
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   "sharpe": 0.22,
   "downside_expectation_pct": -12.5,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "high",
   "quality_score": 78,
   "moat_score": 26,
   "margin_of_safety": 7.1,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 84.6,
   "expected_return_pct_pctile": 94.3
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  {
   "ticker": "OLED",
   "company": "Universal Display",
   "sector": null,
   "rating": "HOLD",
   "price": 79.42,
   "conviction": 66.7,
   "conviction_ci": {
    "lo": 57.7,
    "hi": 75.7
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   "expected_return_pct": 2.1,
   "expected_return_diluted_pct": 2.1,
   "expected_cagr_pct": 2.1,
   "sharpe": -0.05,
   "downside_expectation_pct": -15,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "medium",
   "quality_score": 85,
   "moat_score": 91,
   "margin_of_safety": 2.8,
   "factor_growth": null,
   "factor_value": null,
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   "factor_momentum": null,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 84.6,
   "expected_return_pct_pctile": 68.1
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  {
   "ticker": "PG",
   "company": "Procter & Gamble Company",
   "sector": null,
   "rating": "HOLD",
   "price": 146.97,
   "conviction": 66.7,
   "conviction_ci": {
    "lo": 54.7,
    "hi": 78.8
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   "expected_return_pct": -2.3,
   "expected_return_diluted_pct": -2.3,
   "expected_cagr_pct": -2.3,
   "sharpe": -0.18,
   "downside_expectation_pct": -14,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "high",
   "quality_score": 73,
   "moat_score": 84,
   "margin_of_safety": -9.2,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
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   "next_catalyst": "Ex-dividend $1.09/sh",
   "next_catalyst_type": "dividend",
   "next_catalyst_days": 0,
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   "conviction_pctile": 84.6,
   "expected_return_pct_pctile": 39.5
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  {
   "ticker": "AMG",
   "company": "Affiliated Managers Group, Inc.",
   "sector": null,
   "rating": "HOLD",
   "price": 347.77,
   "conviction": 66.6,
   "conviction_ci": {
    "lo": 55.8,
    "hi": 77.3
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   "expected_return_pct": 9.4,
   "expected_return_diluted_pct": 9.4,
   "expected_cagr_pct": 9.4,
   "sharpe": 0.15,
   "downside_expectation_pct": -13.5,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "margin_of_safety": -0.2,
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   "factor_momentum": null,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
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   "conviction_pctile": 84.1,
   "expected_return_pct_pctile": 88.6
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  {
   "ticker": "ERIE",
   "company": "Erie Indemnity Company",
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   "rating": "HOLD",
   "price": 214.52,
   "conviction": 66.6,
   "conviction_ci": {
    "lo": 55.6,
    "hi": 77.6
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   "expected_return_pct": 12.3,
   "expected_return_diluted_pct": 12.3,
   "expected_cagr_pct": 12.3,
   "sharpe": 0.17,
   "downside_expectation_pct": -10.7,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
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   "quality_score": 79,
   "moat_score": 80,
   "margin_of_safety": -3.6,
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   "factor_value": null,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
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   "conviction_pctile": 84.1,
   "expected_return_pct_pctile": 92.6
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  {
   "ticker": "LIN",
   "company": "Linde plc Ordinary Shares",
   "sector": null,
   "rating": "HOLD",
   "price": 506.32,
   "conviction": 66.6,
   "conviction_ci": {
    "lo": 54.7,
    "hi": 78.5
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   "expected_return_pct": 3.3,
   "expected_return_diluted_pct": 3.3,
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   "sharpe": -0.02,
   "downside_expectation_pct": -11.7,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "liquidity": "high",
   "quality_score": 63,
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   "margin_of_safety": -6.8,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
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   "config_version": "ros-1.1.0",
   "conviction_pctile": 84.1,
   "expected_return_pct_pctile": 74.2
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  {
   "ticker": "FDS",
   "company": "FactSet Research Systems Inc",
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   "rating": "HOLD",
   "price": 243.96,
   "conviction": 66.5,
   "conviction_ci": {
    "lo": 55.2,
    "hi": 77.8
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   "expected_return_pct": -3.3,
   "expected_return_diluted_pct": -3.3,
   "expected_cagr_pct": -3.3,
   "sharpe": -0.22,
   "downside_expectation_pct": -16.4,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "quality_score": 87,
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   "margin_of_safety": -5.5,
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   "next_catalyst_type": "macro",
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   "conviction_pctile": 83.7,
   "expected_return_pct_pctile": 34.5
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  {
   "ticker": "XYZ",
   "company": "Block, Inc",
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   "conviction": 66.5,
   "conviction_ci": {
    "lo": 55.2,
    "hi": 77.8
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   "expected_return_pct": 3.7,
   "expected_return_diluted_pct": 3.8,
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   "quality_score": 84,
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   "margin_of_safety": 6.1,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
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   "conviction_pctile": 83.7,
   "expected_return_pct_pctile": 76.6
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  {
   "ticker": "MORN",
   "company": "Morningstar Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 167.57,
   "conviction": 66.4,
   "conviction_ci": {
    "lo": 59.2,
    "hi": 73.7
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   "expected_return_pct": 0.6,
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   "sharpe": -0.08,
   "downside_expectation_pct": -15.4,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "quality_score": 81,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
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   "conviction_pctile": 83.5,
   "expected_return_pct_pctile": 58.9
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  {
   "ticker": "UTHR",
   "company": "United Therapeutics Corporation",
   "sector": null,
   "rating": "HOLD",
   "price": 529.53,
   "conviction": 66.4,
   "conviction_ci": {
    "lo": 56.9,
    "hi": 75.9
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   "expected_return_pct": -2.5,
   "expected_return_diluted_pct": -2.5,
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   "sharpe": -0.21,
   "downside_expectation_pct": -16,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "liquidity": "high",
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   "margin_of_safety": -7,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 5,
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   "conviction_pctile": 83.5,
   "expected_return_pct_pctile": 38.5
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  {
   "ticker": "MPWR",
   "company": "Monolithic Power Systems Inc",
   "sector": null,
   "rating": "SELL",
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   "conviction": 66.3,
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    "lo": 52.9,
    "hi": 79.6
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   "expected_return_pct": -14,
   "expected_return_diluted_pct": -14,
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   "initial_pct_nav": 0,
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   "quality_score": 84,
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   "margin_of_safety": -28.3,
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   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
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   "conviction_pctile": 83.2,
   "expected_return_pct_pctile": 5
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  {
   "ticker": "ROK",
   "company": "Rockwell Automation Inc",
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   "rating": "HOLD",
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   "conviction_ci": {
    "lo": 55.6,
    "hi": 77
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   "expected_return_pct": 2.2,
   "expected_return_diluted_pct": 2.2,
   "expected_cagr_pct": 2.2,
   "sharpe": -0.04,
   "downside_expectation_pct": -14.9,
   "stance": "Hold",
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   "margin_of_safety": -3.7,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
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   "conviction_pctile": 83.2,
   "expected_return_pct_pctile": 68.7
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  {
   "ticker": "DHR",
   "company": "Danaher Corporation",
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   "conviction": 66.2,
   "conviction_ci": {
    "lo": 55.6,
    "hi": 76.9
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   "expected_return_pct": 0.8,
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   "sharpe": -0.09,
   "downside_expectation_pct": -15.3,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "liquidity": "high",
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   "margin_of_safety": -7.7,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
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   "conviction_pctile": 83,
   "expected_return_pct_pctile": 60.7
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  {
   "ticker": "KEYS",
   "company": "Keysight Technologies Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 325.13,
   "conviction": 66.2,
   "conviction_ci": {
    "lo": 54.2,
    "hi": 78.1
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   "expected_return_pct": 4.4,
   "expected_return_diluted_pct": 4.4,
   "expected_cagr_pct": 4.4,
   "sharpe": 0.01,
   "downside_expectation_pct": -15.5,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "high",
   "quality_score": 80,
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   "margin_of_safety": -4.7,
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   "factor_momentum": null,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
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   "conviction_pctile": 83,
   "expected_return_pct_pctile": 79.1
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  {
   "ticker": "RSG",
   "company": "Republic Services Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 217.42,
   "conviction": 66.2,
   "conviction_ci": {
    "lo": 54.2,
    "hi": 78.1
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   "expected_return_pct": -0.2,
   "expected_return_diluted_pct": -0.2,
   "expected_cagr_pct": -0.2,
   "sharpe": -0.11,
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   "ticker": "CDE",
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   "ticker": "ONB",
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   "as_of": "2026-07-24",
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   "conviction_pctile": 80.9,
   "expected_return_pct_pctile": 71.5
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   "ticker": "EA",
   "company": "Electronic Arts Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 209,
   "conviction": 65.5,
   "conviction_ci": {
    "lo": 54.2,
    "hi": 76.7
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   "expected_return_pct": 0.8,
   "expected_return_diluted_pct": 0.8,
   "expected_cagr_pct": 0.8,
   "sharpe": -0.09,
   "downside_expectation_pct": -17.3,
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   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
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   "conviction_pctile": 80.9,
   "expected_return_pct_pctile": 60.7
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   "ticker": "FICO",
   "company": "Fair Isaac Corporation",
   "sector": null,
   "rating": "HOLD",
   "price": 1206.19,
   "conviction": 65.5,
   "conviction_ci": {
    "lo": 52.5,
    "hi": 78.5
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   "expected_return_pct": -4.2,
   "expected_return_diluted_pct": -4.2,
   "expected_cagr_pct": -4.2,
   "sharpe": -0.24,
   "downside_expectation_pct": -16.5,
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   "initial_pct_nav": 0.5,
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   "liquidity": "high",
   "quality_score": 85,
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   "margin_of_safety": -6,
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   "factor_momentum": null,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 80.9,
   "expected_return_pct_pctile": 29.5
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   "ticker": "TWLO",
   "company": "Twilio Inc",
   "sector": null,
   "rating": "HOLD",
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   "conviction": 65.5,
   "conviction_ci": {
    "lo": 54.7,
    "hi": 76.3
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   "expected_return_pct": 11.6,
   "expected_return_diluted_pct": 11.6,
   "expected_cagr_pct": 11.6,
   "sharpe": 0.15,
   "downside_expectation_pct": -14.2,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "high",
   "quality_score": 77,
   "moat_score": 22,
   "margin_of_safety": 3.5,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
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   "config_version": "ros-1.1.0",
   "conviction_pctile": 80.9,
   "expected_return_pct_pctile": 91.4
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   "ticker": "JNJ",
   "company": "Johnson & Johnson",
   "sector": null,
   "rating": "HOLD",
   "price": 259.27,
   "conviction": 65.4,
   "conviction_ci": {
    "lo": 54,
    "hi": 76.8
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   "expected_return_pct": -7.5,
   "expected_return_diluted_pct": -7.5,
   "expected_cagr_pct": -7.5,
   "sharpe": -0.36,
   "downside_expectation_pct": -18.1,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "high",
   "quality_score": 76,
   "moat_score": 88,
   "margin_of_safety": -15.3,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
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   "next_catalyst": "FOMC rate decision + press conference",
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   "config_version": "ros-1.1.0",
   "conviction_pctile": 80.2,
   "expected_return_pct_pctile": 15
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   "ticker": "NBIX",
   "company": "Neurocrine Biosciences Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 174.15,
   "conviction": 65.4,
   "conviction_ci": {
    "lo": 57.2,
    "hi": 73.6
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   "expected_return_pct": -1,
   "expected_return_diluted_pct": -1.1,
   "expected_cagr_pct": -1,
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   "downside_expectation_pct": -15.7,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "liquidity": "high",
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   "moat_score": 85,
   "margin_of_safety": -9.5,
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   "factor_value": null,
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   "factor_momentum": null,
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   "next_catalyst": "FOMC rate decision + press conference",
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   "next_catalyst_days": 5,
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   "config_version": "ros-1.1.0",
   "conviction_pctile": 80.2,
   "expected_return_pct_pctile": 47.4
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   "ticker": "VNT",
   "company": "Vontier Corp",
   "sector": null,
   "rating": "STRONG BUY",
   "price": 30.27,
   "conviction": 65.4,
   "conviction_ci": {
    "lo": 56,
    "hi": 74.8
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   "expected_return_pct": 32.4,
   "expected_return_diluted_pct": 32.4,
   "expected_cagr_pct": 32.4,
   "sharpe": 0.48,
   "downside_expectation_pct": -8.5,
   "stance": "Increase",
   "initial_pct_nav": 0.5,
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   "quality_score": 57,
   "moat_score": 52,
   "margin_of_safety": 18.2,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
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   "options_preferred": "Cash-Secured Put",
   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
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   "config_version": "ros-1.1.0",
   "conviction_pctile": 80.2,
   "expected_return_pct_pctile": 98.7
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   "ticker": "EME",
   "company": "EMCOR Group Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 769.07,
   "conviction": 65.3,
   "conviction_ci": {
    "lo": 52.6,
    "hi": 77.9
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   "expected_return_pct": 1.3,
   "expected_return_diluted_pct": 1.3,
   "expected_cagr_pct": 1.3,
   "sharpe": -0.04,
   "downside_expectation_pct": -13.9,
   "stance": "Hold",
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   "max_pct_nav": 0.83,
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   "quality_score": 75,
   "moat_score": 49,
   "margin_of_safety": -5,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
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   "conviction_pctile": 79.8,
   "expected_return_pct_pctile": 63.3
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   "ticker": "ITW",
   "company": "Illinois Tool Works Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 276.91,
   "conviction": 65.3,
   "conviction_ci": {
    "lo": 52.8,
    "hi": 77.8
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   "expected_return_pct": -3.9,
   "expected_return_diluted_pct": -3.9,
   "expected_cagr_pct": -3.9,
   "sharpe": -0.23,
   "downside_expectation_pct": -15.8,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "liquidity": "high",
   "quality_score": 76,
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   "margin_of_safety": -14.7,
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   "factor_value": null,
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   "factor_momentum": null,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 4,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 79.8,
   "expected_return_pct_pctile": 30.8
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   "ticker": "TTD",
   "company": "Trade Desk Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 16.79,
   "conviction": 65.3,
   "conviction_ci": {
    "lo": 55.9,
    "hi": 74.7
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   "expected_return_pct": 2.6,
   "expected_return_diluted_pct": 2.5,
   "expected_cagr_pct": 2.6,
   "sharpe": -0.03,
   "downside_expectation_pct": -20.6,
   "stance": "Hold",
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   "margin_of_safety": 13.4,
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   "next_catalyst": "FOMC rate decision + press conference",
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   "next_catalyst_days": 5,
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   "conviction_pctile": 79.8,
   "expected_return_pct_pctile": 71.5
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   "ticker": "BSY",
   "company": "Bentley Systems Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 30.12,
   "conviction": 65.2,
   "conviction_ci": {
    "lo": 57.5,
    "hi": 72.9
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   "expected_return_pct": 9.2,
   "expected_return_diluted_pct": 9.2,
   "expected_cagr_pct": 9.2,
   "sharpe": 0.12,
   "downside_expectation_pct": -13.5,
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   "expected_return_pct_pctile": 88.5
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   "ticker": "ESNT",
   "company": "Essent Group Ltd",
   "sector": null,
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   "conviction": 65.2,
   "conviction_ci": {
    "lo": 55.9,
    "hi": 74.4
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   "expected_return_pct": 0.2,
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   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "margin_of_safety": 5.3,
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   "next_catalyst": "FOMC rate decision + press conference",
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   "expected_return_pct_pctile": 55.5
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   "ticker": "BR",
   "company": "Broadridge Financial Solutions Inc",
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   "conviction": 65.1,
   "conviction_ci": {
    "lo": 52.6,
    "hi": 77.5
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   "expected_return_pct": -5.2,
   "expected_return_diluted_pct": -5.2,
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   "downside_expectation_pct": -14.4,
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   "expected_return_pct_pctile": 25.1
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   "ticker": "ILMN",
   "company": "Illumina Inc",
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    "lo": 57.2,
    "hi": 72.9
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   "margin_of_safety": -15.1,
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   "expected_return_pct_pctile": 25.4
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   "ticker": "NTAP",
   "company": "NetApp Inc",
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    "lo": 53,
    "hi": 77.1
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   "expected_return_pct": -9.7,
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   "downside_expectation_pct": -19.7,
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   "expected_return_pct_pctile": 10.1
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   "ticker": "PHM",
   "company": "PulteGroup Inc",
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    "hi": 76.7
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   "expected_return_pct": 15.9,
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   "downside_expectation_pct": -20.4,
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   "expected_return_pct_pctile": 95.7
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   "ticker": "VRT",
   "company": "Vertiv Holdings Co",
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    "lo": 54.4,
    "hi": 75.9
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   "expected_return_pct": -6.1,
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   "next_catalyst_type": "earnings",
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   "ticker": "DOV",
   "company": "Dover Corporation",
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    "lo": 53.1,
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   "expected_return_pct": 11.2,
   "expected_return_diluted_pct": 11.2,
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   "downside_expectation_pct": -12.7,
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   "expected_return_pct_pctile": 91
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   "ticker": "IT",
   "company": "Gartner Inc",
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    "hi": 77.4
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   "expected_return_pct": -3.3,
   "expected_return_diluted_pct": -3.3,
   "expected_cagr_pct": -3.3,
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   "downside_expectation_pct": -17.2,
   "stance": "Hold",
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   "expected_return_pct_pctile": 34.5
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   "ticker": "MSI",
   "company": "Motorola Solutions Inc",
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   "price": 407.02,
   "conviction": 65,
   "conviction_ci": {
    "lo": 52.3,
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   "company": "Carpenter Technology Corporation",
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   "ticker": "AFG",
   "company": "American Financial Group, Inc.",
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   "price": 141.16,
   "conviction": 63.4,
   "conviction_ci": {
    "lo": 55.4,
    "hi": 71.3
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   "expected_return_pct": 4.9,
   "expected_return_diluted_pct": 4.9,
   "expected_cagr_pct": 4.9,
   "sharpe": 0.02,
   "downside_expectation_pct": -14.4,
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   "conviction_pctile": 74.1,
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  },
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   "ticker": "CTSH",
   "company": "Cognizant Technology Solutions Corp Class A",
   "sector": null,
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   "price": 43.01,
   "conviction": 63.4,
   "conviction_ci": {
    "lo": 50.4,
    "hi": 76.5
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   "expected_return_pct": -10.4,
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   "sharpe": -0.37,
   "downside_expectation_pct": -20.3,
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   "initial_pct_nav": 0,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 5,
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   "conviction_pctile": 74.1,
   "expected_return_pct_pctile": 9
  },
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   "ticker": "EOG",
   "company": "EOG Resources Inc",
   "sector": null,
   "rating": "HOLD",
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   "conviction": 63.4,
   "conviction_ci": {
    "lo": 53.9,
    "hi": 72.9
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   "expected_return_pct": -9.4,
   "expected_return_diluted_pct": -9.4,
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   "downside_expectation_pct": -29.1,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "quality_score": 60,
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   "conviction_pctile": 74.1,
   "expected_return_pct_pctile": 10.8
  },
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   "ticker": "MCK",
   "company": "McKesson Corporation",
   "sector": null,
   "rating": "HOLD",
   "price": 824.49,
   "conviction": 63.4,
   "conviction_ci": {
    "lo": 50,
    "hi": 76.7
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   "expected_return_pct": -5.2,
   "expected_return_diluted_pct": -5.2,
   "expected_cagr_pct": -5.2,
   "sharpe": -0.17,
   "downside_expectation_pct": -14.1,
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   "initial_pct_nav": 0.5,
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   "quality_score": 75,
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   "margin_of_safety": -9.3,
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   "expected_return_pct_pctile": 25.1
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   "ticker": "MSA",
   "company": "MSA Safety",
   "sector": null,
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   "price": 174.06,
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    "lo": 54.8,
    "hi": 72.1
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   "expected_return_pct": 0.3,
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   "stance": "Hold",
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   "margin_of_safety": -8.6,
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   "conviction_pctile": 74.1,
   "expected_return_pct_pctile": 56.2
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   "ticker": "RRC",
   "company": "Range Resources Corp",
   "sector": null,
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   "conviction_ci": {
    "lo": 50.7,
    "hi": 76.1
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   "expected_return_pct": -6.7,
   "expected_return_diluted_pct": -6.7,
   "expected_cagr_pct": -6.7,
   "sharpe": -0.29,
   "downside_expectation_pct": -29.6,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "quality_score": 66,
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   "margin_of_safety": -12.2,
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   "next_catalyst_type": "macro",
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   "conviction_pctile": 74.1,
   "expected_return_pct_pctile": 18.6
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   "ticker": "ACN",
   "company": "Accenture plc",
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   "price": 138.74,
   "conviction": 63.3,
   "conviction_ci": {
    "lo": 50.1,
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   "expected_return_pct": -14.5,
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   "downside_expectation_pct": -22.9,
   "stance": "Hold",
   "initial_pct_nav": 0,
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   "next_catalyst_type": "macro",
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   "conviction_pctile": 73.4,
   "expected_return_pct_pctile": 4.5
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   "ticker": "IEX",
   "company": "IDEX Corporation",
   "sector": null,
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   "price": 222.22,
   "conviction": 63.3,
   "conviction_ci": {
    "lo": 51.4,
    "hi": 75.2
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   "expected_return_pct": -2.6,
   "expected_return_diluted_pct": -2.6,
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   "downside_expectation_pct": -16.2,
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   "initial_pct_nav": 0.5,
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   "quality_score": 75,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
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   "conviction_pctile": 73.4,
   "expected_return_pct_pctile": 38.2
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   "ticker": "LLY",
   "company": "Eli Lilly and Company",
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   "price": 1185.87,
   "conviction": 63.3,
   "conviction_ci": {
    "lo": 51.3,
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   "expected_return_pct": -7.2,
   "expected_return_diluted_pct": -7.2,
   "expected_cagr_pct": -7.2,
   "sharpe": -0.38,
   "downside_expectation_pct": -17.3,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "liquidity": "high",
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   "margin_of_safety": -16,
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   "conviction_pctile": 73.4,
   "expected_return_pct_pctile": 16.3
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   "ticker": "STWD",
   "company": "Starwood Property Trust Inc",
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   "conviction_ci": {
    "lo": 50.3,
    "hi": 76.3
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   "expected_return_pct": 4.1,
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   "initial_pct_nav": 0.76,
   "max_pct_nav": 1.27,
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   "expected_return_pct_pctile": 78.2
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   "ticker": "MO",
   "company": "Altria Group",
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   "conviction": 63.2,
   "conviction_ci": {
    "lo": 55.3,
    "hi": 71.1
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   "expected_return_pct": 0.6,
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   "ticker": "STE",
   "company": "STERIS plc",
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    "lo": 53,
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   "expected_return_pct": -0.3,
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   "expected_return_pct_pctile": 51.8
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   "ticker": "CFG",
   "company": "Citizens Financial Group, Inc.",
   "sector": null,
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   "price": 71.8,
   "conviction": 63.1,
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    "lo": 49.3,
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   "expected_return_pct": -0.5,
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   "ticker": "ICE",
   "company": "Intercontinental Exchange Inc",
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    "lo": 50.2,
    "hi": 76
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   "expected_return_pct": -14.3,
   "expected_return_diluted_pct": -14.3,
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   "initial_pct_nav": 0,
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   "margin_of_safety": -23.2,
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   "expected_return_pct_pctile": 4.7
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   "ticker": "ITT",
   "company": "ITT Inc",
   "sector": null,
   "rating": "HOLD",
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   "conviction": 63.1,
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    "lo": 53.2,
    "hi": 73
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   "expected_return_pct": -0.6,
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   "ticker": "APO",
   "company": "Apollo Global Management LLC Class A",
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    "lo": 49.3,
    "hi": 76.7
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   "expected_return_pct": -4.6,
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   "ticker": "IBM",
   "company": "International Business Machines",
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    "lo": 50.2,
    "hi": 75.6
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   "expected_return_pct": 26,
   "expected_return_diluted_pct": 26,
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   "next_catalyst_type": "macro",
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   "expected_return_pct_pctile": 98
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   "ticker": "RL",
   "company": "Ralph Lauren Corp Class A",
   "sector": null,
   "rating": "HOLD",
   "price": 371.69,
   "conviction": 62.9,
   "conviction_ci": {
    "lo": 50.9,
    "hi": 75
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   "expected_return_pct": 6.2,
   "expected_return_diluted_pct": 6.2,
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   "sharpe": 0.05,
   "downside_expectation_pct": -13.7,
   "stance": "Hold",
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   "quality_score": 59,
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   "margin_of_safety": -3.9,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
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   "conviction_pctile": 72.2,
   "expected_return_pct_pctile": 84.4
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   "ticker": "BIIB",
   "company": "Biogen Inc",
   "sector": null,
   "rating": "HOLD",
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   "conviction_ci": {
    "lo": 50.5,
    "hi": 75
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   "expected_return_pct": -3.2,
   "expected_return_diluted_pct": -3.2,
   "expected_cagr_pct": -3.2,
   "sharpe": -0.2,
   "downside_expectation_pct": -16.3,
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   "initial_pct_nav": 0.5,
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   "conviction_pctile": 72,
   "expected_return_pct_pctile": 35.3
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   "ticker": "HBAN",
   "company": "Huntington Bancshares Incorporated",
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   "expected_return_pct": 1.1,
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   "conviction_pctile": 72,
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   "ticker": "ORI",
   "company": "Old Republic International Corp",
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   "expected_return_pct": -1.8,
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   "sharpe": -0.11,
   "downside_expectation_pct": -15.9,
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   "conviction_pctile": 72,
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   "ticker": "DXCM",
   "company": "DexCom Inc",
   "sector": null,
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   "conviction_ci": {
    "lo": 51.1,
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   "downside_expectation_pct": -18.4,
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   "conviction_pctile": 71.6,
   "expected_return_pct_pctile": 16.8
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   "ticker": "ABNB",
   "company": "Airbnb Inc",
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   "expected_return_pct": 3.1,
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   "expected_return_pct_pctile": 73
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   "ticker": "BAC",
   "company": "Bank of America Corp",
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    "lo": 46.9,
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   "initial_pct_nav": 0.52,
   "max_pct_nav": 0.87,
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   "expected_return_pct_pctile": 19.7
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   "ticker": "FNB",
   "company": "F.N.B. Corp",
   "sector": null,
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   "expected_return_pct": 2.3,
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   "sharpe": -0.06,
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   "expected_return_pct_pctile": 69.4
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   "ticker": "COF",
   "company": "Capital One Financial Corporation",
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    "lo": 48.7,
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   "ticker": "GRMN",
   "company": "Garmin Ltd",
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    "lo": 51,
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   "expected_return_pct": 0.7,
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   "next_catalyst_type": "earnings",
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   "ticker": "HIG",
   "company": "Hartford Financial Services Group",
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    "lo": 50.9,
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   "expected_return_pct": -3.6,
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   "ticker": "ONTO",
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   "ticker": "WRB",
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   "conviction_ci": {
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   "ticker": "HL",
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   "ticker": "CNX",
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   "expected_return_pct": 28.4,
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   "ticker": "MAR",
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   "ticker": "VIAV",
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   "ticker": "VOYA",
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   "ticker": "AIG",
   "company": "American International Group Inc",
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   "expected_return_pct": -7.9,
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   "ticker": "LDOS",
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   "ticker": "MLI",
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   "ticker": "ABBV",
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   "expected_return_pct": -8.2,
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   "ticker": "FAF",
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   "ticker": "G",
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   "ticker": "STT",
   "company": "State Street Corp",
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   "ticker": "FIS",
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   "ticker": "HON",
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   "ticker": "PYPL",
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   "ticker": "TEL",
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   "ticker": "FAST",
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   "next_catalyst_type": "macro",
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   "config_version": "ros-1.1.0",
   "conviction_pctile": 65.5,
   "expected_return_pct_pctile": 23.4
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   "ticker": "XYL",
   "company": "Xylem Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 116.87,
   "conviction": 61.2,
   "conviction_ci": {
    "lo": 50.4,
    "hi": 72
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   "expected_return_pct": -2.3,
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   "expected_cagr_pct": -2.3,
   "sharpe": -0.15,
   "downside_expectation_pct": -15.7,
   "stance": "Hold",
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 4,
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   "config_version": "ros-1.1.0",
   "conviction_pctile": 65.5,
   "expected_return_pct_pctile": 39.5
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   "ticker": "COST",
   "company": "Costco Wholesale Corp",
   "sector": null,
   "rating": "HOLD",
   "price": 926.06,
   "conviction": 61.1,
   "conviction_ci": {
    "lo": 47.6,
    "hi": 74.6
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   "expected_return_pct": 1.9,
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   "sharpe": -0.02,
   "downside_expectation_pct": -11.8,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "liquidity": "high",
   "quality_score": 64,
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   "margin_of_safety": -12.1,
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   "next_catalyst": "Ex-dividend $1.47/sh",
   "next_catalyst_type": "dividend",
   "next_catalyst_days": 0,
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   "config_version": "ros-1.1.0",
   "conviction_pctile": 65.3,
   "expected_return_pct_pctile": 66.6
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   "ticker": "DIS",
   "company": "Walt Disney Company",
   "sector": null,
   "rating": "HOLD",
   "price": 92.83,
   "conviction": 61.1,
   "conviction_ci": {
    "lo": 48.6,
    "hi": 73.6
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   "expected_return_pct": 4.7,
   "expected_return_diluted_pct": 4.7,
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   "sharpe": 0.02,
   "downside_expectation_pct": -19.8,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "liquidity": "high",
   "quality_score": 57,
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   "conviction_pctile": 65.3,
   "expected_return_pct_pctile": 80.5
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   "ticker": "INCY",
   "company": "Incyte Corporation",
   "sector": null,
   "rating": "HOLD",
   "price": 116.69,
   "conviction": 61.1,
   "conviction_ci": {
    "lo": 49.2,
    "hi": 73
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   "expected_return_pct": -7.9,
   "expected_return_diluted_pct": -7.9,
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   "sharpe": -0.38,
   "downside_expectation_pct": -18.8,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "quality_score": 86,
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   "margin_of_safety": -5.3,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 4,
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   "conviction_pctile": 65.3,
   "expected_return_pct_pctile": 14.2
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  {
   "ticker": "SHC",
   "company": "Sotera Health Co",
   "sector": null,
   "rating": "HOLD",
   "price": 17.49,
   "conviction": 61.1,
   "conviction_ci": {
    "lo": 49.1,
    "hi": 73.1
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   "expected_return_pct": -0.2,
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   "sharpe": -0.13,
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   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "liquidity": "medium",
   "quality_score": 57,
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   "margin_of_safety": -19.3,
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   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
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   "config_version": "ros-1.1.0",
   "conviction_pctile": 65.3,
   "expected_return_pct_pctile": 52.5
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  {
   "ticker": "TDG",
   "company": "Transdigm Group Incorporated",
   "sector": null,
   "rating": "HOLD",
   "price": 1213.83,
   "conviction": 61,
   "conviction_ci": {
    "lo": 46.4,
    "hi": 75.6
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   "expected_return_pct": 6.4,
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   "expected_cagr_pct": 6.4,
   "sharpe": 0.06,
   "downside_expectation_pct": -13.1,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "liquidity": "high",
   "quality_score": 69,
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   "margin_of_safety": -12.5,
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   "next_catalyst_type": "macro",
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   "conviction_pctile": 64.8,
   "expected_return_pct_pctile": 85
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   "ticker": "SNAP",
   "company": "Snap Inc.",
   "sector": null,
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   "conviction_ci": {
    "lo": 46.6,
    "hi": 75.2
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   "expected_return_pct": 49.1,
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   "sharpe": 0.13,
   "downside_expectation_pct": -12.7,
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   "initial_pct_nav": 0.5,
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   "quality_score": 27,
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   "next_catalyst_type": "macro",
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   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 64.7,
   "expected_return_pct_pctile": 99.4
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   "ticker": "TKO",
   "company": "TKO Group Holdings, Inc.",
   "sector": null,
   "rating": "HOLD",
   "price": 179.43,
   "conviction": 60.9,
   "conviction_ci": {
    "lo": 49.4,
    "hi": 72.3
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   "expected_return_pct": 13.5,
   "expected_return_diluted_pct": 13.5,
   "expected_cagr_pct": 13.5,
   "sharpe": 0.19,
   "downside_expectation_pct": -13.3,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "liquidity": "high",
   "quality_score": 79,
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   "margin_of_safety": -8.4,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
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   "config_version": "ros-1.1.0",
   "conviction_pctile": 64.7,
   "expected_return_pct_pctile": 93.7
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   "ticker": "PFG",
   "company": "Principal Financial Group Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 107.32,
   "conviction": 60.8,
   "conviction_ci": {
    "lo": 49.2,
    "hi": 72.5
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   "expected_return_pct": -1,
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   "downside_expectation_pct": -16,
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   "initial_pct_nav": 0.5,
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   "margin_of_safety": -1.3,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 3,
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   "config_version": "ros-1.1.0",
   "conviction_pctile": 64.5,
   "expected_return_pct_pctile": 47.4
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   "ticker": "SN",
   "company": "SharkNinja, Inc.",
   "sector": null,
   "rating": "HOLD",
   "price": 145.83,
   "conviction": 60.8,
   "conviction_ci": {
    "lo": 50.9,
    "hi": 70.7
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   "expected_return_pct": 5.8,
   "expected_return_diluted_pct": 5.8,
   "expected_cagr_pct": 5.8,
   "sharpe": 0.04,
   "downside_expectation_pct": -14.3,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "quality_score": 59,
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   "margin_of_safety": -5.9,
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   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
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   "conviction_pctile": 64.5,
   "expected_return_pct_pctile": 83.5
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   "ticker": "CHE",
   "company": "Chemed Corp",
   "sector": null,
   "rating": "HOLD",
   "price": 503.01,
   "conviction": 60.7,
   "conviction_ci": {
    "lo": 50.5,
    "hi": 71
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   "expected_return_pct": 2.5,
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   "sharpe": -0.04,
   "downside_expectation_pct": -15,
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   "margin_of_safety": -6.2,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 4,
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   "config_version": "ros-1.1.0",
   "conviction_pctile": 64.2,
   "expected_return_pct_pctile": 70.8
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   "ticker": "CVNA",
   "company": "Carvana Co",
   "sector": null,
   "rating": "HOLD",
   "price": 60.19,
   "conviction": 60.6,
   "conviction_ci": {
    "lo": 48.5,
    "hi": 72.6
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   "expected_return_pct": 9,
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   "downside_expectation_pct": -19.5,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "quality_score": 64,
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   "margin_of_safety": -3,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 5,
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   "conviction_pctile": 64.1,
   "expected_return_pct_pctile": 88.2
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  {
   "ticker": "TMO",
   "company": "Thermo Fisher Scientific Inc",
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   "rating": "SELL",
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   "conviction": 60.6,
   "conviction_ci": {
    "lo": 47.2,
    "hi": 74
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   "expected_return_pct": -10.5,
   "expected_return_diluted_pct": -10.5,
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   "sharpe": -0.44,
   "downside_expectation_pct": -20.2,
   "stance": "Hold",
   "initial_pct_nav": 0,
   "max_pct_nav": 0,
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   "margin_of_safety": -20.8,
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   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
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   "conviction_pctile": 64.1,
   "expected_return_pct_pctile": 8.4
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  {
   "ticker": "ANF",
   "company": "Abercrombie & Fitch Company",
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   "conviction": 60.5,
   "conviction_ci": {
    "lo": 51.8,
    "hi": 69.1
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   "expected_return_pct": 16.7,
   "expected_return_diluted_pct": 16.7,
   "expected_cagr_pct": 16.7,
   "sharpe": 0.22,
   "downside_expectation_pct": -11.9,
   "stance": "Increase",
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   "margin_of_safety": 9,
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   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
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   "conviction_pctile": 63.9,
   "expected_return_pct_pctile": 95.8
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  {
   "ticker": "EXPD",
   "company": "Expeditors International of Washington, Inc.",
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   "conviction": 60.5,
   "conviction_ci": {
    "lo": 48.5,
    "hi": 72.5
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   "expected_return_pct": -10.3,
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   "expected_cagr_pct": -10.3,
   "sharpe": -0.27,
   "downside_expectation_pct": -21.1,
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   "initial_pct_nav": 0,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
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   "conviction_pctile": 63.9,
   "expected_return_pct_pctile": 9.3
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  {
   "ticker": "Q",
   "company": "Qnity Electronics, Inc",
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   "conviction": 60.5,
   "conviction_ci": {
    "lo": 48.5,
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   "expected_return_pct": 10.6,
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   "expected_cagr_pct": 10.6,
   "sharpe": 0.12,
   "downside_expectation_pct": -14.4,
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   "margin_of_safety": -6.7,
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   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
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   "conviction_pctile": 63.9,
   "expected_return_pct_pctile": 89.8
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  {
   "ticker": "TRU",
   "company": "TransUnion",
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   "conviction": 60.5,
   "conviction_ci": {
    "lo": 49.4,
    "hi": 71.6
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   "expected_return_pct": 3.8,
   "expected_return_diluted_pct": 3.8,
   "expected_cagr_pct": 3.8,
   "sharpe": -0.01,
   "downside_expectation_pct": -11.9,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
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   "quality_score": 62,
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   "margin_of_safety": -10.2,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 4,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 63.9,
   "expected_return_pct_pctile": 77.1
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  {
   "ticker": "GL",
   "company": "Globe Life Inc",
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   "conviction": 60.4,
   "conviction_ci": {
    "lo": 50.1,
    "hi": 70.7
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   "expected_return_pct": 2.8,
   "expected_return_diluted_pct": 2.8,
   "expected_cagr_pct": 2.8,
   "sharpe": -0.03,
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   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "liquidity": "high",
   "quality_score": 79,
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   "margin_of_safety": -2.3,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
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   "conviction_pctile": 63.4,
   "expected_return_pct_pctile": 72
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  {
   "ticker": "LII",
   "company": "Lennox International Inc",
   "sector": null,
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   "price": 537.89,
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   "company": "Gaming & Leisure Properties",
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   "ticker": "TRV",
   "company": "The Travelers Companies Inc",
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   "ticker": "CART",
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   "company": "Crocs Inc",
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   "ticker": "GD",
   "company": "General Dynamics Corporation",
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   "ticker": "HAE",
   "company": "Haemonetics Corporation",
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    "lo": 49.4,
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   "company": "Nike Inc",
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   "company": "Smith AO Corporation",
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   "ticker": "ALLE",
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   "expected_return_pct": -12.3,
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   "ticker": "EEFT",
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   "ticker": "AFL",
   "company": "Aflac Incorporated",
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   "ticker": "CF",
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   "ticker": "FCX",
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   "ticker": "DASH",
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   "ticker": "EFX",
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   "ticker": "SMCI",
   "company": "Super Micro Computer Inc",
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   "ticker": "TSLA",
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   "ticker": "APA",
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   "ticker": "GAP",
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   "ticker": "MMM",
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   "ticker": "FCFS",
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   "ticker": "LOW",
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   "ticker": "PINS",
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   "ticker": "PODD",
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   "ticker": "BDC",
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   "ticker": "M",
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   "ticker": "ROST",
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   "conviction_ci": {
    "lo": 47.1,
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   "expected_return_pct": -9.4,
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   "conviction_pctile": 55.3,
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   "ticker": "SHW",
   "company": "Sherwin-Williams Co",
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   "rating": "HOLD",
   "price": 310.54,
   "conviction": 58.6,
   "conviction_ci": {
    "lo": 46.9,
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   "expected_return_pct": 8.2,
   "expected_return_diluted_pct": 8.2,
   "expected_cagr_pct": 8.2,
   "sharpe": 0.09,
   "downside_expectation_pct": -14.3,
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   "next_catalyst_type": "earnings",
   "next_catalyst_days": 4,
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   "conviction_pctile": 55.3,
   "expected_return_pct_pctile": 87.2
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   "ticker": "THC",
   "company": "Tenet Healthcare Corporation",
   "sector": null,
   "rating": "HOLD",
   "price": 199.02,
   "conviction": 58.6,
   "conviction_ci": {
    "lo": 48.6,
    "hi": 68.5
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   "expected_return_pct": 1.5,
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   "downside_expectation_pct": -15.2,
   "stance": "Hold",
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   "margin_of_safety": -24,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 0,
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   "conviction_pctile": 55.3,
   "expected_return_pct_pctile": 64.5
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   "ticker": "WTW",
   "company": "Willis Towers Watson PLC",
   "sector": null,
   "rating": "HOLD",
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   "conviction": 58.6,
   "conviction_ci": {
    "lo": 48.4,
    "hi": 68.7
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   "expected_return_pct": -6.1,
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   "sharpe": -0.32,
   "downside_expectation_pct": -14.7,
   "stance": "Hold",
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   "quality_score": 74,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
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   "conviction_pctile": 55.3,
   "expected_return_pct_pctile": 21
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   "ticker": "BBWI",
   "company": "Bath & Body Works Inc.",
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   "conviction": 58.5,
   "conviction_ci": {
    "lo": 47.5,
    "hi": 69.5
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   "expected_return_pct": 50.5,
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   "conviction_pctile": 54.3,
   "expected_return_pct_pctile": 99.5
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   "ticker": "NVST",
   "company": "Envista Holdings Corp",
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   "rating": "HOLD",
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   "conviction_ci": {
    "lo": 50.3,
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   "expected_return_pct": 0.1,
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   "quality_score": 55,
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   "next_catalyst_type": "macro",
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   "conviction_pctile": 54.3,
   "expected_return_pct_pctile": 54.9
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   "ticker": "ORCL",
   "company": "Oracle Corporation",
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   "conviction_ci": {
    "lo": 44.2,
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   "expected_return_pct": 23,
   "expected_return_diluted_pct": 23,
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   "downside_expectation_pct": -10.6,
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   "quality_score": 40,
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   "next_catalyst_type": "macro",
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   "conviction_pctile": 54.3,
   "expected_return_pct_pctile": 97.8
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   "ticker": "ECL",
   "company": "Ecolab Inc",
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   "conviction": 58.4,
   "conviction_ci": {
    "lo": 48.2,
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   "expected_return_pct": 5.3,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 4,
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   "expected_return_pct_pctile": 81.9
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   "ticker": "FTV",
   "company": "Fortive Corp",
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   "conviction_ci": {
    "lo": 48,
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   "expected_return_pct": -2.6,
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   "next_catalyst_type": "earnings",
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   "expected_return_pct_pctile": 38.2
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   "ticker": "ATO",
   "company": "Atmos Energy Corporation",
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   "conviction_ci": {
    "lo": 45.4,
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   "expected_return_pct": -0.1,
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   "expected_return_pct_pctile": 53.2
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   "ticker": "CBT",
   "company": "Cabot Corporation",
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    "lo": 50.1,
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   "expected_return_pct_pctile": 74.2
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   "ticker": "HST",
   "company": "Host Hotels & Resorts Inc",
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   "conviction_ci": {
    "lo": 44.3,
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   "expected_return_pct": 11.2,
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   "ticker": "NWSA",
   "company": "News Corp A",
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    "lo": 45.3,
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   "expected_return_pct": -7.8,
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   "ticker": "SF",
   "company": "Stifel Financial Corporation",
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    "lo": 47.3,
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   "ticker": "SSD",
   "company": "Simpson Manufacturing Company Inc",
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    "lo": 50.1,
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   "next_catalyst_type": "earnings",
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   "ticker": "AU",
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    "lo": 46.1,
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   "ticker": "CEG",
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   "ticker": "RBC",
   "company": "RBC Bearings Incorporated",
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   "expected_return_pct": -3.6,
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   "ticker": "RVTY",
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    "lo": 43.9,
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   "ticker": "ACM",
   "company": "Aecom Technology Corporation",
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    "lo": 48.1,
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   "expected_return_pct": 19,
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   "sharpe": 0.22,
   "downside_expectation_pct": -11.4,
   "stance": "Increase",
   "initial_pct_nav": 0.5,
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   "conviction_pctile": 52.5,
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   "ticker": "NOC",
   "company": "Northrop Grumman Corporation",
   "sector": null,
   "rating": "HOLD",
   "price": 533.48,
   "conviction": 58,
   "conviction_ci": {
    "lo": 46.5,
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   "expected_return_pct": -7.1,
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   "expected_cagr_pct": -7.1,
   "sharpe": -0.22,
   "downside_expectation_pct": -17.6,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "margin_of_safety": -18.1,
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   "conviction_pctile": 52.5,
   "expected_return_pct_pctile": 16.8
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   "ticker": "VMC",
   "company": "Vulcan Materials Company",
   "sector": null,
   "rating": "HOLD",
   "price": 274.93,
   "conviction": 58,
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    "lo": 46.7,
    "hi": 69.3
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   "expected_return_pct": 11.9,
   "expected_return_diluted_pct": 11.9,
   "expected_cagr_pct": 11.9,
   "sharpe": 0.18,
   "downside_expectation_pct": -13.4,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "quality_score": 60,
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   "conviction_pctile": 52.5,
   "expected_return_pct_pctile": 91.7
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   "ticker": "VNO",
   "company": "Vornado Realty Trust",
   "sector": null,
   "rating": "HOLD",
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   "conviction": 57.9,
   "conviction_ci": {
    "lo": 47.6,
    "hi": 68.2
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   "expected_return_pct": 12.2,
   "expected_return_diluted_pct": 12.2,
   "expected_cagr_pct": 12.2,
   "sharpe": 0.23,
   "downside_expectation_pct": -12.9,
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   "conviction_pctile": 52.2,
   "expected_return_pct_pctile": 92.4
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   "ticker": "AA",
   "company": "Alcoa Corp",
   "sector": null,
   "rating": "HOLD",
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    "lo": 50.5,
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   "expected_return_pct": 9.1,
   "expected_return_diluted_pct": 9.1,
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   "sharpe": 0.09,
   "downside_expectation_pct": -21.2,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "next_catalyst": "FOMC rate decision + press conference",
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   "config_version": "ros-1.1.0",
   "conviction_pctile": 52.1,
   "expected_return_pct_pctile": 88.3
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   "ticker": "AIT",
   "company": "Applied Industrial Technologies",
   "sector": null,
   "rating": "HOLD",
   "price": 344.08,
   "conviction": 57.7,
   "conviction_ci": {
    "lo": 49.1,
    "hi": 66.4
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   "expected_return_pct": -1.5,
   "expected_return_diluted_pct": -1.5,
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   "sharpe": -0.1,
   "downside_expectation_pct": -15.8,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "margin_of_safety": -10.9,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
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   "conviction_pctile": 52.1,
   "expected_return_pct_pctile": 44.9
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  {
   "ticker": "ATI",
   "company": "Allegheny Technologies Incorporated",
   "sector": null,
   "rating": "HOLD",
   "price": 199.84,
   "conviction": 57.7,
   "conviction_ci": {
    "lo": 49.3,
    "hi": 66.1
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   "expected_return_pct": -6.5,
   "expected_return_diluted_pct": -6.5,
   "expected_cagr_pct": -6.5,
   "sharpe": -0.27,
   "downside_expectation_pct": -19,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "high",
   "quality_score": 58,
   "moat_score": 52,
   "margin_of_safety": -17,
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   "next_catalyst_type": "macro",
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   "conviction_pctile": 52.1,
   "expected_return_pct_pctile": 19.1
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   "ticker": "FOXA",
   "company": "Fox Corp Class A",
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   "conviction_ci": {
    "lo": 44.2,
    "hi": 71.1
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   "expected_return_pct": -13.1,
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   "initial_pct_nav": 0,
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   "next_catalyst_type": "macro",
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   "conviction_pctile": 52.1,
   "expected_return_pct_pctile": 5.4
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   "ticker": "LIVN",
   "company": "LivaNova PLC",
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   "conviction_ci": {
    "lo": 46.3,
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   "expected_return_pct": 0.3,
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   "stance": "Hold",
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   "quality_score": 26,
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   "margin_of_safety": -3.2,
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   "next_catalyst_type": "macro",
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   "conviction_pctile": 52.1,
   "expected_return_pct_pctile": 56.2
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   "ticker": "SIGI",
   "company": "Selective Insurance Group, Inc.",
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   "conviction": 57.7,
   "conviction_ci": {
    "lo": 46.3,
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   "expected_return_pct": 2.5,
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   "sharpe": -0.03,
   "downside_expectation_pct": -15,
   "stance": "Hold",
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   "quality_score": 80,
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   "margin_of_safety": -0.4,
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   "conviction_pctile": 52.1,
   "expected_return_pct_pctile": 70.8
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   "ticker": "WAB",
   "company": "Westinghouse Air Brake Technologies Corp",
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    "lo": 46.5,
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   "expected_return_pct": -14.1,
   "expected_return_diluted_pct": -14.1,
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   "downside_expectation_pct": -21.7,
   "stance": "Hold",
   "initial_pct_nav": 0,
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   "margin_of_safety": -25.2,
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   "conviction_pctile": 52.1,
   "expected_return_pct_pctile": 4.9
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   "ticker": "MOG-A",
   "company": "Moog Inc",
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   "conviction": 57.6,
   "conviction_ci": {
    "lo": 47.9,
    "hi": 67.3
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   "expected_return_pct": -3.1,
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   "downside_expectation_pct": -17.2,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "ticker": "BRO",
   "company": "Brown & Brown Inc",
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    "lo": 45.3,
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   "expected_return_pct": -4.7,
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   "conviction_pctile": 51.1,
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   "ticker": "DD",
   "company": "Dupont De Nemours Inc",
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   "conviction_ci": {
    "lo": 45,
    "hi": 70
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   "expected_return_pct": -1.9,
   "expected_return_diluted_pct": -1.9,
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   "downside_expectation_pct": -16.2,
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   "margin_of_safety": -13.1,
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   "conviction_pctile": 51.1,
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   "ticker": "IPGP",
   "company": "IPG Photonics Corporation",
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   "conviction_ci": {
    "lo": 46.2,
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   "expected_return_pct": 0.7,
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   "ticker": "CAH",
   "company": "Cardinal Health Inc",
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    "lo": 44,
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   "expected_return_pct": 4,
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   "expected_return_pct_pctile": 77.8
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   "ticker": "DCI",
   "company": "Donaldson Company Inc",
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   "conviction": 57.3,
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    "lo": 49.5,
    "hi": 65.1
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   "expected_return_pct": -0.7,
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   "liquidity": "high",
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   "margin_of_safety": -9.2,
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   "expected_return_pct_pctile": 49.1
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   "ticker": "GNTX",
   "company": "Gentex Corporation",
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   "conviction": 57.3,
   "conviction_ci": {
    "lo": 48.4,
    "hi": 66.2
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   "expected_return_pct": -1.2,
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   "stance": "Hold",
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   "next_catalyst_type": "earnings",
   "next_catalyst_days": 0,
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   "conviction_pctile": 50.8,
   "expected_return_pct_pctile": 46.1
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   "ticker": "HII",
   "company": "Huntington Ingalls Industries Inc",
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   "conviction_ci": {
    "lo": 45.8,
    "hi": 68.8
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   "expected_return_pct": -4.9,
   "expected_return_diluted_pct": -4.9,
   "expected_cagr_pct": -4.9,
   "sharpe": -0.17,
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   "stance": "Hold",
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   "margin_of_safety": -17.2,
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   "conviction_pctile": 50.8,
   "expected_return_pct_pctile": 26.3
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  {
   "ticker": "JCI",
   "company": "Johnson Controls International PLC",
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   "price": 143.29,
   "conviction": 57.3,
   "conviction_ci": {
    "lo": 44.9,
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   "expected_return_pct": -4.9,
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   "expected_cagr_pct": -4.9,
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   "downside_expectation_pct": -17.4,
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   "next_catalyst_type": "earnings",
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   "conviction_pctile": 50.8,
   "expected_return_pct_pctile": 26.3
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   "ticker": "REXR",
   "company": "Rexford Industrial Realty Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 35.98,
   "conviction": 57.3,
   "conviction_ci": {
    "lo": 46.9,
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   "expected_return_pct": 5.4,
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   "expected_cagr_pct": 5.4,
   "sharpe": 0.04,
   "downside_expectation_pct": -14.3,
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   "liquidity": "medium",
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   "conviction_pctile": 50.8,
   "expected_return_pct_pctile": 82.5
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   "ticker": "RJF",
   "company": "Raymond James Financial Inc.",
   "sector": null,
   "rating": "HOLD",
   "price": 166.14,
   "conviction": 57.3,
   "conviction_ci": {
    "lo": 44.1,
    "hi": 70.6
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   "expected_return_pct": -7.4,
   "expected_return_diluted_pct": -7.4,
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   "sharpe": -0.36,
   "downside_expectation_pct": -18.4,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "quality_score": 75,
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   "margin_of_safety": 10.2,
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   "conviction_pctile": 50.8,
   "expected_return_pct_pctile": 15.4
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  {
   "ticker": "EHC",
   "company": "Encompass Health Corp",
   "sector": null,
   "rating": "SELL",
   "price": 111.06,
   "conviction": 57.2,
   "conviction_ci": {
    "lo": 46.9,
    "hi": 67.6
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   "expected_return_pct": -13.4,
   "expected_return_diluted_pct": -13.4,
   "expected_cagr_pct": -13.4,
   "sharpe": -0.4,
   "downside_expectation_pct": -21.9,
   "stance": "Hold",
   "initial_pct_nav": 0,
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   "quality_score": 49,
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   "margin_of_safety": -27.2,
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   "next_catalyst_type": "macro",
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   "conviction_pctile": 49.9,
   "expected_return_pct_pctile": 5.3
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   "ticker": "UNM",
   "company": "Unum Group",
   "sector": null,
   "rating": "HOLD",
   "price": 86.45,
   "conviction": 57.2,
   "conviction_ci": {
    "lo": 49.1,
    "hi": 65.2
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   "expected_return_pct": 0,
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   "downside_expectation_pct": -15.5,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "quality_score": 65,
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   "next_catalyst": "Ex-dividend $0.51/sh",
   "next_catalyst_type": "dividend",
   "next_catalyst_days": 0,
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   "conviction_pctile": 49.9,
   "expected_return_pct_pctile": 54
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  {
   "ticker": "ZBH",
   "company": "Zimmer Biomet Holdings Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 89.65,
   "conviction": 57.2,
   "conviction_ci": {
    "lo": 44.8,
    "hi": 69.6
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   "expected_return_pct": 0.4,
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   "sharpe": -0.1,
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   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "margin_of_safety": -12,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
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   "conviction_pctile": 49.9,
   "expected_return_pct_pctile": 56.9
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  {
   "ticker": "AM",
   "company": "Antero Midstream Partners LP",
   "sector": null,
   "rating": "HOLD",
   "price": 23.01,
   "conviction": 57.1,
   "conviction_ci": {
    "lo": 41.3,
    "hi": 72.8
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   "expected_return_pct": 2.9,
   "expected_return_diluted_pct": 2.9,
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   "sharpe": -0.04,
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   "initial_pct_nav": 0.5,
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   "quality_score": 78,
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   "margin_of_safety": -10,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 5,
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   "config_version": "ros-1.1.0",
   "conviction_pctile": 49.6,
   "expected_return_pct_pctile": 72.6
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  {
   "ticker": "WEC",
   "company": "WEC Energy Group Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 114.72,
   "conviction": 57.1,
   "conviction_ci": {
    "lo": 41.3,
    "hi": 72.9
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   "expected_return_pct": 4.6,
   "expected_return_diluted_pct": 4.6,
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   "sharpe": 0.02,
   "downside_expectation_pct": -12.2,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "quality_score": 48,
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   "margin_of_safety": -1.4,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 5,
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   "config_version": "ros-1.1.0",
   "conviction_pctile": 49.6,
   "expected_return_pct_pctile": 79.8
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   "ticker": "AEP",
   "company": "American Electric Power Co Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 134.92,
   "conviction": 57,
   "conviction_ci": {
    "lo": 43,
    "hi": 71
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   "expected_return_pct": 0.6,
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   "expected_cagr_pct": 0.6,
   "sharpe": -0.09,
   "downside_expectation_pct": -12.7,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "quality_score": 70,
   "moat_score": 82,
   "margin_of_safety": -4.9,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
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   "conviction_pctile": 49.4,
   "expected_return_pct_pctile": 58.9
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   "ticker": "CTRE",
   "company": "CareTrust REIT Inc.",
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   "rating": "HOLD",
   "price": 42.35,
   "conviction": 57,
   "conviction_ci": {
    "lo": 46.2,
    "hi": 67.7
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   "expected_return_pct": -1.1,
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   "expected_cagr_pct": -1.1,
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   "downside_expectation_pct": -13.1,
   "stance": "Hold",
   "initial_pct_nav": 0.54,
   "max_pct_nav": 0.9,
   "liquidity": "high",
   "quality_score": 79,
   "moat_score": 80,
   "margin_of_safety": -4.3,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
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   "conviction_pctile": 49.4,
   "expected_return_pct_pctile": 46.7
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   "ticker": "LECO",
   "company": "Lincoln Electric Holdings Inc",
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   "rating": "HOLD",
   "price": 250.38,
   "conviction": 57,
   "conviction_ci": {
    "lo": 48.4,
    "hi": 65.7
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   "expected_return_pct": -3.9,
   "expected_return_diluted_pct": -3.9,
   "expected_cagr_pct": -3.9,
   "sharpe": -0.19,
   "downside_expectation_pct": -16.4,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "margin_of_safety": -13.7,
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   "next_catalyst_type": "macro",
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   "conviction_pctile": 49.4,
   "expected_return_pct_pctile": 30.8
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   "ticker": "NEU",
   "company": "NewMarket Corporation",
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   "rating": "HOLD",
   "price": 770,
   "conviction": 57,
   "conviction_ci": {
    "lo": 48.9,
    "hi": 65.1
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   "expected_return_pct": 3.4,
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   "downside_expectation_pct": -15.2,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
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   "conviction_pctile": 49.4,
   "expected_return_pct_pctile": 74.7
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  {
   "ticker": "ELV",
   "company": "Elevance Health Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 379.31,
   "conviction": 56.9,
   "conviction_ci": {
    "lo": 46.7,
    "hi": 67.1
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   "expected_return_pct": -0.6,
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   "sharpe": -0.08,
   "downside_expectation_pct": -16.5,
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   "initial_pct_nav": 0.5,
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   "expected_return_pct_pctile": 49.7
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   "ticker": "FRT",
   "company": "Federal Realty Investment Trust",
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   "conviction": 56.9,
   "conviction_ci": {
    "lo": 41.2,
    "hi": 72.7
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   "expected_return_pct": -1.2,
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   "margin_of_safety": -3.2,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
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   "conviction_pctile": 48.9,
   "expected_return_pct_pctile": 46.1
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   "ticker": "CVX",
   "company": "Chevron Corp",
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   "conviction": 56.8,
   "conviction_ci": {
    "lo": 49.2,
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   "expected_return_pct": -10.4,
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   "downside_expectation_pct": -26.9,
   "stance": "Hold",
   "initial_pct_nav": 0,
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   "margin_of_safety": -17,
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   "next_catalyst_type": "macro",
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   "expected_return_pct_pctile": 9
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   "ticker": "MAA",
   "company": "Mid-America Apartment Communities Inc",
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   "price": 132.75,
   "conviction": 56.8,
   "conviction_ci": {
    "lo": 42.4,
    "hi": 71.2
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   "expected_return_pct": 6,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
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   "conviction_pctile": 48.7,
   "expected_return_pct_pctile": 83.7
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   "ticker": "STAG",
   "company": "STAG Industrial Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 40.5,
   "conviction": 56.8,
   "conviction_ci": {
    "lo": 46.4,
    "hi": 67.2
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   "expected_return_pct": 5.2,
   "expected_return_diluted_pct": 5.2,
   "expected_cagr_pct": 5.2,
   "sharpe": 0.04,
   "downside_expectation_pct": -14.4,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "next_catalyst_type": "earnings",
   "next_catalyst_days": 4,
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   "expected_return_pct_pctile": 81.7
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   "ticker": "TTEK",
   "company": "Tetra Tech Inc",
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   "conviction": 56.8,
   "conviction_ci": {
    "lo": 46.9,
    "hi": 66.7
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   "expected_return_pct": -0.5,
   "expected_return_diluted_pct": -0.5,
   "expected_cagr_pct": -0.5,
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   "downside_expectation_pct": -15.6,
   "stance": "Hold",
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   "liquidity": "medium",
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 5,
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   "conviction_pctile": 48.7,
   "expected_return_pct_pctile": 50.6
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   "ticker": "ULTA",
   "company": "Ulta Beauty Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 477.955,
   "conviction": 56.8,
   "conviction_ci": {
    "lo": 47.1,
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   "expected_return_pct": 0.9,
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   "expected_cagr_pct": 0.9,
   "sharpe": -0.06,
   "downside_expectation_pct": -14.4,
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   "conviction_pctile": 48.7,
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   "ticker": "CHWY",
   "company": "Chewy Inc",
   "sector": null,
   "rating": "HOLD",
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   "conviction": 56.7,
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    "lo": 47.5,
    "hi": 65.8
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   "expected_return_pct": 5.4,
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   "sharpe": 0.02,
   "downside_expectation_pct": -14.3,
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   "config_version": "ros-1.1.0",
   "conviction_pctile": 48.1,
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   "ticker": "EG",
   "company": "Everest Group Ltd",
   "sector": null,
   "rating": "BUY",
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   "conviction_ci": {
    "lo": 44.6,
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   "expected_return_pct": 20,
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   "downside_expectation_pct": -10.6,
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   "conviction_pctile": 48.1,
   "expected_return_pct_pctile": 96.6
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   "ticker": "FCN",
   "company": "FTI Consulting Inc",
   "sector": null,
   "rating": "HOLD",
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   "conviction": 56.7,
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    "lo": 49.6,
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   "expected_return_pct": 2.6,
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   "sharpe": -0.03,
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   "conviction_pctile": 48.1,
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   "ticker": "NSC",
   "company": "Norfolk Southern Corporation",
   "sector": null,
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   "price": 348.55,
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   "conviction_ci": {
    "lo": 44.5,
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   "expected_return_pct": -10.9,
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   "sharpe": -0.51,
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   "stance": "Hold",
   "initial_pct_nav": 0,
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   "conviction_pctile": 48.1,
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   "ticker": "PFE",
   "company": "Pfizer Inc",
   "sector": null,
   "rating": "HOLD",
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   "conviction": 56.7,
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    "lo": 43.8,
    "hi": 69.6
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   "expected_return_pct": -7.1,
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   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "margin_of_safety": -17.3,
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   "next_catalyst": "Ex-dividend $0.43/sh",
   "next_catalyst_type": "dividend",
   "next_catalyst_days": 0,
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   "conviction_pctile": 48.1,
   "expected_return_pct_pctile": 16.8
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   "ticker": "ZBRA",
   "company": "Zebra Technologies Corporation",
   "sector": null,
   "rating": "HOLD",
   "price": 256.95,
   "conviction": 56.6,
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    "lo": 44.6,
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   "expected_return_pct": -1.9,
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   "conviction_pctile": 47.5,
   "expected_return_pct_pctile": 41.5
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   "ticker": "NUE",
   "company": "Nucor Corp",
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   "rating": "HOLD",
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   "conviction": 56.5,
   "conviction_ci": {
    "lo": 45.2,
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   "expected_return_pct": 6.2,
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   "initial_pct_nav": 0.5,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 3,
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   "conviction_pctile": 47.4,
   "expected_return_pct_pctile": 84.4
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   "ticker": "UFPI",
   "company": "Ufp Industries Inc",
   "sector": null,
   "rating": "STRONG BUY",
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   "conviction": 56.5,
   "conviction_ci": {
    "lo": 44.5,
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   "expected_return_pct": 28.1,
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   "expected_cagr_pct": 28.1,
   "sharpe": 0.34,
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   "margin_of_safety": 28.5,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 5,
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   "config_version": "ros-1.1.0",
   "conviction_pctile": 47.4,
   "expected_return_pct_pctile": 98.4
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   "ticker": "INGR",
   "company": "Ingredion Incorporated",
   "sector": null,
   "rating": "HOLD",
   "price": 100.25,
   "conviction": 56.4,
   "conviction_ci": {
    "lo": 48.7,
    "hi": 64
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   "expected_return_pct": -2.4,
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   "sharpe": -0.12,
   "downside_expectation_pct": -21.8,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "quality_score": 54,
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   "margin_of_safety": -7.6,
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   "conviction_pctile": 47.1,
   "expected_return_pct_pctile": 38.9
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   "ticker": "MCHP",
   "company": "Microchip Technology Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 81.35,
   "conviction": 56.2,
   "conviction_ci": {
    "lo": 42.9,
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   "expected_return_pct": 3.6,
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   "quality_score": 62,
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   "margin_of_safety": -4.8,
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   "next_catalyst_type": "macro",
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   "conviction_pctile": 47,
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   "ticker": "RBA",
   "company": "RB Global Inc.",
   "sector": null,
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   "price": 109.16,
   "conviction": 56.2,
   "conviction_ci": {
    "lo": 44.1,
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   "expected_return_pct": 0.8,
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   "sharpe": -0.09,
   "downside_expectation_pct": -12.7,
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   "quality_score": 46,
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   "margin_of_safety": -12.1,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
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   "conviction_pctile": 47,
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   "ticker": "AJG",
   "company": "Arthur J Gallagher & Co",
   "sector": null,
   "rating": "HOLD",
   "price": 242.21,
   "conviction": 56.1,
   "conviction_ci": {
    "lo": 43.1,
    "hi": 69.1
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   "expected_return_pct": -9.6,
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   "sharpe": -0.49,
   "downside_expectation_pct": -16.9,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "margin_of_safety": -9.4,
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   "conviction_pctile": 46.8,
   "expected_return_pct_pctile": 10.3
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   "ticker": "FANG",
   "company": "Diamondback Energy Inc",
   "sector": null,
   "rating": "SELL",
   "price": 205.49,
   "conviction": 56.1,
   "conviction_ci": {
    "lo": 48.1,
    "hi": 64.1
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   "expected_return_pct": -12.4,
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   "expected_cagr_pct": -12.4,
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   "downside_expectation_pct": -31.8,
   "stance": "Hold",
   "initial_pct_nav": 0,
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   "margin_of_safety": -22,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
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   "expected_return_pct_pctile": 5.9
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   "ticker": "PLD",
   "company": "Prologis Inc",
   "sector": null,
   "rating": "HOLD",
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   "conviction": 56.1,
   "conviction_ci": {
    "lo": 40.6,
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   "expected_return_pct": -3.8,
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   "sharpe": -0.25,
   "downside_expectation_pct": -16.3,
   "stance": "Hold",
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   "quality_score": 48,
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   "margin_of_safety": -6,
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   "expected_return_pct_pctile": 31.3
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   "ticker": "RGA",
   "company": "Reinsurance Group of America",
   "sector": null,
   "rating": "HOLD",
   "price": 234.28,
   "conviction": 56.1,
   "conviction_ci": {
    "lo": 46.2,
    "hi": 66
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   "expected_return_pct": -0.7,
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   "downside_expectation_pct": -15.6,
   "stance": "Hold",
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   "next_catalyst_type": "macro",
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   "conviction_pctile": 46.8,
   "expected_return_pct_pctile": 49.1
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   "ticker": "STLD",
   "company": "Steel Dynamics Inc",
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   "rating": "HOLD",
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   "conviction": 56.1,
   "conviction_ci": {
    "lo": 46.1,
    "hi": 66.1
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   "expected_return_pct": 8.1,
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   "sharpe": 0.08,
   "downside_expectation_pct": -22.7,
   "stance": "Hold",
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
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   "expected_return_pct_pctile": 87.1
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   "ticker": "VMI",
   "company": "Valmont Industries Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 488.6,
   "conviction": 56.1,
   "conviction_ci": {
    "lo": 48.7,
    "hi": 63.5
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   "expected_return_pct": 7.4,
   "expected_return_diluted_pct": 7.4,
   "expected_cagr_pct": 7.4,
   "sharpe": 0.07,
   "downside_expectation_pct": -13.9,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "margin_of_safety": -3.5,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
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   "config_version": "ros-1.1.0",
   "conviction_pctile": 46.8,
   "expected_return_pct_pctile": 86.3
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   "ticker": "EQIX",
   "company": "Equinix Inc",
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   "price": 1033.55,
   "conviction": 56,
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    "lo": 41.4,
    "hi": 70.6
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   "expected_return_pct": 2,
   "expected_return_diluted_pct": 2,
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   "sharpe": -0.06,
   "downside_expectation_pct": -15.4,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "high",
   "quality_score": 48,
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   "margin_of_safety": -1.9,
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   "conviction_pctile": 46.1,
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   "ticker": "OLLI",
   "company": "Ollie's Bargain Outlet Hldg",
   "sector": null,
   "rating": "HOLD",
   "price": 65.24,
   "conviction": 56,
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   "expected_return_pct": 2.3,
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   "sharpe": -0.03,
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   "conviction_pctile": 46.1,
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   "ticker": "SSB",
   "company": "SouthState Corporation",
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   "rating": "HOLD",
   "price": 101.25,
   "conviction": 56,
   "conviction_ci": {
    "lo": 39,
    "hi": 73
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   "expected_return_pct": 1.5,
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   "quality_score": -1,
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   "margin_of_safety": 4.1,
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   "conviction_pctile": 46.1,
   "expected_return_pct_pctile": 64.5
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   "ticker": "UNH",
   "company": "UnitedHealth Group Incorporated",
   "sector": null,
   "rating": "HOLD",
   "price": 423.56,
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    "lo": 45.6,
    "hi": 66.4
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   "expected_return_pct": -5.6,
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   "expected_cagr_pct": -5.6,
   "sharpe": -0.18,
   "downside_expectation_pct": -16.9,
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   "conviction_pctile": 46.1,
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   "ticker": "CSL",
   "company": "Carlisle Companies Incorporated",
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   "rating": "HOLD",
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   "conviction": 55.9,
   "conviction_ci": {
    "lo": 48.5,
    "hi": 63.3
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   "expected_return_pct": -4.2,
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   "margin_of_safety": -13.2,
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   "conviction_pctile": 45.6,
   "expected_return_pct_pctile": 29.5
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   "ticker": "OTIS",
   "company": "Otis Worldwide Corp",
   "sector": null,
   "rating": "HOLD",
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   "conviction_ci": {
    "lo": 44.7,
    "hi": 67
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   "expected_return_pct": -2.6,
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   "stance": "Hold",
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   "quality_score": 69,
   "moat_score": 80,
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   "expected_return_pct_pctile": 38.2
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   "ticker": "SFM",
   "company": "Sprouts Farmers Market LLC",
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   "rating": "HOLD",
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   "conviction": 55.9,
   "conviction_ci": {
    "lo": 46,
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   "expected_return_pct": 5,
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   "downside_expectation_pct": -11.2,
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   "quality_score": 49,
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   "next_catalyst_type": "earnings",
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   "conviction_pctile": 45.6,
   "expected_return_pct_pctile": 81.2
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   "ticker": "BWXT",
   "company": "BWX Technologies Inc",
   "sector": null,
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   "conviction_ci": {
    "lo": 45.3,
    "hi": 66.3
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   "expected_return_pct": -4.5,
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   "margin_of_safety": -17.4,
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   "expected_return_pct_pctile": 28.5
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   "ticker": "COO",
   "company": "The Cooper Companies, Inc",
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   "price": 70.23,
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   "conviction_ci": {
    "lo": 42.1,
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   "expected_return_pct": -0.2,
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   "expected_return_pct_pctile": 52.5
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   "ticker": "KMB",
   "company": "Kimberly-Clark Corporation",
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   "conviction_ci": {
    "lo": 45,
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   "expected_return_pct": -0.9,
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   "expected_return_pct_pctile": 47.9
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   "ticker": "CI",
   "company": "Cigna Corp",
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    "lo": 44.3,
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   "expected_return_pct": -4.8,
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   "ticker": "NSA",
   "company": "National Storage Affiliates Trust",
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   "conviction_ci": {
    "lo": 45.1,
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   "expected_return_pct": 4,
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   "ticker": "UNP",
   "company": "Union Pacific Corporation",
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    "lo": 43.4,
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   "expected_return_pct": -14.6,
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   "ticker": "CCK",
   "company": "Crown Holdings Inc",
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   "expected_return_pct": 1.7,
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   "ticker": "CHRW",
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   "expected_return_pct": -12.6,
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   "ticker": "MCD",
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    "lo": 42.2,
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   "ticker": "MET",
   "company": "MetLife Inc",
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    "lo": 44.4,
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   "expected_return_pct": -9.6,
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   "ticker": "REG",
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    "lo": 41.1,
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   "expected_return_pct": 1.4,
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   "next_catalyst_type": "earnings",
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   "expected_return_pct_pctile": 63.8
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   "ticker": "STZ",
   "company": "Constellation Brands Inc Class A",
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   "conviction_ci": {
    "lo": 44.3,
    "hi": 66.9
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   "expected_return_pct": 11.2,
   "expected_return_diluted_pct": 11.2,
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   "downside_expectation_pct": -14.1,
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   "conviction_pctile": 44.5,
   "expected_return_pct_pctile": 91
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  {
   "ticker": "BDX",
   "company": "Becton Dickinson and Company",
   "sector": null,
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   "price": 152.97,
   "conviction": 55.5,
   "conviction_ci": {
    "lo": 41.4,
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   "expected_return_pct": -4.1,
   "expected_return_diluted_pct": -4.2,
   "expected_cagr_pct": -4.1,
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   "downside_expectation_pct": -16.6,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
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   "conviction_pctile": 43.8,
   "expected_return_pct_pctile": 30
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   "ticker": "EPR",
   "company": "EPR Properties",
   "sector": null,
   "rating": "HOLD",
   "price": 61.98,
   "conviction": 55.5,
   "conviction_ci": {
    "lo": 45.1,
    "hi": 65.9
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   "expected_return_pct": 2.4,
   "expected_return_diluted_pct": 2.4,
   "expected_cagr_pct": 2.4,
   "sharpe": -0.05,
   "downside_expectation_pct": -15,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "liquidity": "medium",
   "quality_score": 58,
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   "margin_of_safety": -1.7,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 5,
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   "config_version": "ros-1.1.0",
   "conviction_pctile": 43.8,
   "expected_return_pct_pctile": 69.9
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  {
   "ticker": "ORLY",
   "company": "O’Reilly Automotive Inc",
   "sector": null,
   "rating": "HOLD",
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   "conviction": 55.5,
   "conviction_ci": {
    "lo": 44,
    "hi": 66.9
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   "expected_return_pct": -0.4,
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   "sharpe": -0.12,
   "downside_expectation_pct": -13.1,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "high",
   "quality_score": 58,
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   "margin_of_safety": -13.1,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 5,
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   "config_version": "ros-1.1.0",
   "conviction_pctile": 43.8,
   "expected_return_pct_pctile": 51.1
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   "ticker": "OXY",
   "company": "Occidental Petroleum Corporation",
   "sector": null,
   "rating": "SELL",
   "price": 57.6,
   "conviction": 55.5,
   "conviction_ci": {
    "lo": 45,
    "hi": 66
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   "expected_return_pct": -16.4,
   "expected_return_diluted_pct": -16.4,
   "expected_cagr_pct": -16.4,
   "sharpe": -0.59,
   "downside_expectation_pct": -32.1,
   "stance": "Hold",
   "initial_pct_nav": 0,
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   "quality_score": 53,
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   "margin_of_safety": -25.1,
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   "conviction_pctile": 43.8,
   "expected_return_pct_pctile": 3.2
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   "ticker": "PLNT",
   "company": "Planet Fitness Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 54.23,
   "conviction": 55.5,
   "conviction_ci": {
    "lo": 44.1,
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   "expected_return_pct": 0,
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   "downside_expectation_pct": -15.5,
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   "initial_pct_nav": 0.5,
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   "quality_score": 53,
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   "margin_of_safety": -23.2,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
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   "conviction_pctile": 43.8,
   "expected_return_pct_pctile": 54
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  {
   "ticker": "SANM",
   "company": "Sanmina Corporation",
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   "rating": "SELL",
   "price": 218.56,
   "conviction": 55.5,
   "conviction_ci": {
    "lo": 44,
    "hi": 66.9
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   "expected_return_pct": -10.4,
   "expected_return_diluted_pct": -10.4,
   "expected_cagr_pct": -10.4,
   "sharpe": -0.28,
   "downside_expectation_pct": -20.4,
   "stance": "Hold",
   "initial_pct_nav": 0,
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   "quality_score": 51,
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   "margin_of_safety": -17.6,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 3,
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   "config_version": "ros-1.1.0",
   "conviction_pctile": 43.8,
   "expected_return_pct_pctile": 9
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  {
   "ticker": "BIO",
   "company": "Bio-Rad Laboratories Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 316.38,
   "conviction": 55.4,
   "conviction_ci": {
    "lo": 44,
    "hi": 66.7
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   "expected_return_pct": -5.5,
   "expected_return_diluted_pct": -5.5,
   "expected_cagr_pct": -5.5,
   "sharpe": -0.18,
   "downside_expectation_pct": -17.4,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "liquidity": "medium",
   "quality_score": 53,
   "moat_score": 19,
   "margin_of_safety": -17.4,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
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   "conviction_pctile": 43.1,
   "expected_return_pct_pctile": 23.4
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  {
   "ticker": "L",
   "company": "Loews Corp",
   "sector": null,
   "rating": "HOLD",
   "price": 115.63,
   "conviction": 55.3,
   "conviction_ci": {
    "lo": 45.6,
    "hi": 65
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   "expected_return_pct": -3.5,
   "expected_return_diluted_pct": -3.4,
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   "sharpe": -0.16,
   "downside_expectation_pct": -16.7,
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   "initial_pct_nav": 0.5,
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   "quality_score": 73,
   "moat_score": 50,
   "margin_of_safety": -13.4,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
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   "conviction_pctile": 43,
   "expected_return_pct_pctile": 32.9
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   "ticker": "MAS",
   "company": "Masco Corporation",
   "sector": null,
   "rating": "HOLD",
   "price": 77.34,
   "conviction": 55.3,
   "conviction_ci": {
    "lo": 47.1,
    "hi": 63.6
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   "expected_return_pct": 2.4,
   "expected_return_diluted_pct": 2.4,
   "expected_cagr_pct": 2.4,
   "sharpe": -0.03,
   "downside_expectation_pct": -15,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
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   "quality_score": 62,
   "moat_score": 50,
   "margin_of_safety": -10.5,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 5,
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   "conviction_pctile": 43,
   "expected_return_pct_pctile": 69.9
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   "ticker": "PR",
   "company": "Permian Resources Corporation",
   "sector": null,
   "rating": "HOLD",
   "price": 21.37,
   "conviction": 55.3,
   "conviction_ci": {
    "lo": 45.3,
    "hi": 65.3
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   "expected_return_pct": -3.6,
   "expected_return_diluted_pct": -3.6,
   "expected_cagr_pct": -3.6,
   "sharpe": -0.2,
   "downside_expectation_pct": -28.1,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "liquidity": "high",
   "quality_score": 54,
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   "margin_of_safety": -15.3,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
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   "conviction_pctile": 43,
   "expected_return_pct_pctile": 32.2
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   "ticker": "FIVE",
   "company": "Five Below Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 201.31,
   "conviction": 55.2,
   "conviction_ci": {
    "lo": 46.6,
    "hi": 63.9
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   "expected_return_pct": 2.6,
   "expected_return_diluted_pct": 2.6,
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   "sharpe": -0.03,
   "downside_expectation_pct": -14.9,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "quality_score": 56,
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   "margin_of_safety": -9.6,
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   "conviction_pctile": 42.7,
   "expected_return_pct_pctile": 71.5
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   "ticker": "GEHC",
   "company": "GE HealthCare Technologies Inc.",
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   "rating": "HOLD",
   "price": 61.99,
   "conviction": 55.2,
   "conviction_ci": {
    "lo": 45.7,
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   "expected_return_pct": 2,
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   "next_catalyst_type": "dividend",
   "next_catalyst_days": 0,
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   "conviction_pctile": 42.7,
   "expected_return_pct_pctile": 67.2
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   "ticker": "UAL",
   "company": "United Airlines Holdings Inc",
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   "rating": "BUY",
   "price": 115.345,
   "conviction": 55.2,
   "conviction_ci": {
    "lo": 41.6,
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   "expected_return_pct": 19.4,
   "expected_return_diluted_pct": 19.4,
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   "sharpe": 0.22,
   "downside_expectation_pct": -19.3,
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   "next_catalyst_type": "macro",
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   "ticker": "GEN",
   "company": "Gen Digital Inc.",
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    "lo": 43,
    "hi": 67.2
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   "expected_return_pct": -5.8,
   "expected_return_diluted_pct": -5.8,
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   "ticker": "MMS",
   "company": "Maximus Inc",
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   "conviction": 55.1,
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    "lo": 47.9,
    "hi": 62.3
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   "expected_return_pct": 0.6,
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   "ticker": "PWR",
   "company": "Quanta Services Inc",
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   "conviction": 55.1,
   "conviction_ci": {
    "lo": 43.7,
    "hi": 66.6
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   "expected_return_pct": 1.8,
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   "sharpe": -0.04,
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   "ticker": "WPC",
   "company": "W P Carey Inc",
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   "conviction": 55.1,
   "conviction_ci": {
    "lo": 44.6,
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   "expected_return_pct": 1.1,
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   "stance": "Hold",
   "initial_pct_nav": 0.52,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 4,
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   "conviction_pctile": 42.3,
   "expected_return_pct_pctile": 62.3
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   "ticker": "CMS",
   "company": "CMS Energy Corporation",
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   "rating": "HOLD",
   "price": 74.15,
   "conviction": 55,
   "conviction_ci": {
    "lo": 40.4,
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   "expected_return_pct": 4.1,
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   "sharpe": 0,
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   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "liquidity": "high",
   "quality_score": 48,
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   "margin_of_safety": -1.9,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 4,
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   "config_version": "ros-1.1.0",
   "conviction_pctile": 41.9,
   "expected_return_pct_pctile": 78.2
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   "ticker": "EXE",
   "company": "Expand Energy Corporation",
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   "rating": "HOLD",
   "price": 91.73,
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   "conviction_ci": {
    "lo": 44.7,
    "hi": 65.4
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   "expected_return_pct": -6.9,
   "expected_return_diluted_pct": -6.9,
   "expected_cagr_pct": -6.9,
   "sharpe": -0.25,
   "downside_expectation_pct": -29.4,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
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   "ticker": "JBHT",
   "company": "JB Hunt Transport Services Inc",
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   "ticker": "SAM",
   "company": "Boston Beer Company Inc",
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   "ticker": "RCL",
   "company": "Royal Caribbean Cruises Ltd",
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   "ticker": "TXT",
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   "next_catalyst_type": "earnings",
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   "ticker": "J",
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   "ticker": "WMT",
   "company": "Walmart Inc.",
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   "ticker": "NXST",
   "company": "Nexstar Broadcasting Group Inc",
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   "ticker": "AEE",
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   "ticker": "AXTA",
   "company": "Axalta Coating Systems Ltd",
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   "company": "The Clorox Company",
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    "lo": 44.7,
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   "ticker": "VLO",
   "company": "Valero Energy Corporation",
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   "expected_return_pct": -18.6,
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   "initial_pct_nav": 0,
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   "ticker": "ALSN",
   "company": "Allison Transmission Holdings Inc",
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    "lo": 46.9,
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   "expected_return_pct": -7.7,
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   "ticker": "CELH",
   "company": "Celsius Holdings Inc",
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    "lo": 47.7,
    "hi": 61
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   "expected_return_pct": 9.8,
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   "conviction_pctile": 39.2,
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   "ticker": "LMT",
   "company": "Lockheed Martin Corporation",
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    "lo": 43.1,
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   "expected_return_pct": -14.1,
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   "initial_pct_nav": 0,
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   "ticker": "LNT",
   "company": "Alliant Energy Corp",
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    "lo": 40,
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   "expected_return_pct": -1.7,
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   "conviction_pctile": 39.2,
   "expected_return_pct_pctile": 43.4
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   "ticker": "FR",
   "company": "First Industrial Realty Trust Inc",
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    "lo": 43.9,
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   "expected_return_pct": 2,
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   "expected_return_pct_pctile": 67.2
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   "ticker": "KRG",
   "company": "Kite Realty Group Trust",
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    "lo": 43.9,
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   "expected_return_pct": 3.7,
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   "ticker": "VICI",
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    "lo": 40.8,
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   "expected_return_pct": -1.5,
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   "ticker": "HAL",
   "company": "Halliburton Company",
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    "lo": 47.3,
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   "expected_return_pct": 2.1,
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   "ticker": "IR",
   "company": "Ingersoll Rand Inc",
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    "lo": 44.6,
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   "expected_return_pct_pctile": 32.2
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   "ticker": "JLL",
   "company": "Jones Lang LaSalle Incorporated",
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    "lo": 41.8,
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   "expected_return_pct": 1.9,
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   "ticker": "LAMR",
   "company": "Lamar Advertising Company",
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    "lo": 42.2,
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   "ticker": "SAIC",
   "company": "Science Applications International Corporation Common Stock",
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   "ticker": "LUV",
   "company": "Southwest Airlines Company",
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   "ticker": "NI",
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    "lo": 40.1,
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   "expected_return_pct": 4.9,
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   "ticker": "ARES",
   "company": "Ares Management LP",
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    "lo": 39,
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   "expected_return_pct": -13.4,
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   "initial_pct_nav": 0,
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   "ticker": "FLS",
   "company": "Flowserve Corporation",
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    "lo": 45.3,
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   "expected_return_pct": -6.1,
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   "downside_expectation_pct": -17.7,
   "stance": "Hold",
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   "ticker": "MUR",
   "company": "Murphy Oil Corporation",
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   "conviction_ci": {
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   "expected_return_pct": -4.7,
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   "ticker": "WING",
   "company": "Wingstop Inc",
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   "conviction_ci": {
    "lo": 43,
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   "expected_return_pct": 5.3,
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   "next_catalyst_type": "earnings",
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   "conviction_pctile": 37.5,
   "expected_return_pct_pctile": 81.9
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   "ticker": "D",
   "company": "Dominion Energy Inc",
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    "lo": 39.2,
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   "expected_return_pct": -6.8,
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   "ticker": "ELS",
   "company": "Equity Lifestyle Properties Inc",
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   "rating": "HOLD",
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   "conviction": 53.8,
   "conviction_ci": {
    "lo": 41.9,
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   "expected_return_pct": -3.3,
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   "sharpe": -0.26,
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   "ticker": "WMS",
   "company": "Advanced Drainage Systems Inc",
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   "conviction_ci": {
    "lo": 47.2,
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   "expected_return_pct": 2.2,
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   "ticker": "CCL",
   "company": "Carnival Corporation",
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    "lo": 38.8,
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   "expected_return_pct": 13.6,
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   "ticker": "ED",
   "company": "Consolidated Edison Inc",
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   "expected_return_pct": -4.3,
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   "ticker": "MDLZ",
   "company": "Mondelez International Inc",
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    "lo": 39.9,
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   "expected_return_pct": -1.9,
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   "ticker": "VC",
   "company": "Visteon Corp",
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    "lo": 42.3,
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   "expected_return_pct": 1.5,
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   "company": "Akamai Technologies Inc",
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    "lo": 41.1,
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   "expected_return_pct": -2.7,
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   "ticker": "CHDN",
   "company": "Churchill Downs Incorporated",
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    "lo": 41.7,
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   "expected_return_pct": -0.2,
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   "ticker": "GPN",
   "company": "Global Payments Inc",
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   "conviction_ci": {
    "lo": 42,
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   "expected_return_pct": -9.8,
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   "ticker": "LSTR",
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    "lo": 44.3,
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   "next_catalyst_type": "earnings",
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   "ticker": "RYAN",
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   "ticker": "BBY",
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    "lo": 40.4,
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   "ticker": "CACI",
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    "lo": 42.6,
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   "ticker": "TTC",
   "company": "Toro Co",
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    "lo": 46.1,
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   "expected_return_pct": 1.9,
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   "ticker": "BYD",
   "company": "Boyd Gaming Corporation",
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    "lo": 44.4,
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   "expected_return_pct": 7.2,
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   "conviction_pctile": 35.3,
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   "ticker": "LHX",
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   "ticker": "RGEN",
   "company": "Repligen Corporation",
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   "ticker": "CMC",
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   "ticker": "CMI",
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   "expected_return_pct": -27.6,
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   "ticker": "UDR",
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    "lo": 40.3,
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   "ticker": "CMCSA",
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   "ticker": "APTV",
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   "ticker": "CRH",
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   "ticker": "DAL",
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   "ticker": "DLR",
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   "ticker": "OSK",
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    "lo": 47,
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   "expected_return_pct_pctile": 91.2
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   "company": "Cerebras Systems Inc. Class A Common Stock",
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   "expected_return_pct": 3.3,
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   "expected_cagr_pct": 3.3,
   "sharpe": -0.01,
   "downside_expectation_pct": -22.9,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "next_catalyst_type": "macro",
   "next_catalyst_days": 3,
   "as_of": "2026-07-24",
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   "conviction_pctile": 33.1,
   "expected_return_pct_pctile": 74.2
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   "ticker": "APD",
   "company": "Air Products and Chemicals Inc",
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   "price": 294.29,
   "conviction": 52.9,
   "conviction_ci": {
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    "hi": 67.9
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   "expected_return_pct": -3.7,
   "expected_return_diluted_pct": -3.7,
   "expected_cagr_pct": -3.7,
   "sharpe": -0.28,
   "downside_expectation_pct": -13.5,
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   "quality_score": 40,
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   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
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   "conviction_pctile": 32.9,
   "expected_return_pct_pctile": 31.7
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   "ticker": "FDXF",
   "company": "FedEx Freight Holding Company, Inc.",
   "sector": null,
   "rating": "HOLD",
   "price": 154.79,
   "conviction": 52.9,
   "conviction_ci": {
    "lo": 40.3,
    "hi": 65.5
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   "expected_return_pct": -3.4,
   "expected_return_diluted_pct": -3.4,
   "expected_cagr_pct": -3.4,
   "sharpe": -0.13,
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   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "quality_score": 57,
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   "margin_of_safety": -14.4,
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   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
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   "conviction_pctile": 32.9,
   "expected_return_pct_pctile": 33.8
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   "ticker": "HOG",
   "company": "Harley-Davidson Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 26.52,
   "conviction": 52.9,
   "conviction_ci": {
    "lo": 41.9,
    "hi": 63.8
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   "expected_return_pct": 4.5,
   "expected_return_diluted_pct": 4.5,
   "expected_cagr_pct": 4.5,
   "sharpe": 0.01,
   "downside_expectation_pct": -20.7,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "quality_score": 64,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
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   "conviction_pctile": 32.9,
   "expected_return_pct_pctile": 79.5
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   "ticker": "R",
   "company": "Ryder System Inc",
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   "rating": "HOLD",
   "price": 267.91,
   "conviction": 52.9,
   "conviction_ci": {
    "lo": 41.6,
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   "expected_return_pct": 1.3,
   "expected_return_diluted_pct": 1.3,
   "expected_cagr_pct": 1.3,
   "sharpe": -0.06,
   "downside_expectation_pct": -21.4,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "quality_score": 47,
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   "margin_of_safety": -1.7,
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   "next_catalyst_type": "macro",
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   "conviction_pctile": 32.9,
   "expected_return_pct_pctile": 63.3
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   "ticker": "CBRE",
   "company": "CBRE Group Inc Class A",
   "sector": null,
   "rating": "HOLD",
   "price": 135.55,
   "conviction": 52.8,
   "conviction_ci": {
    "lo": 38.4,
    "hi": 67.2
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   "expected_return_pct": -1.5,
   "expected_return_diluted_pct": -1.6,
   "expected_cagr_pct": -1.5,
   "sharpe": -0.1,
   "downside_expectation_pct": -15.9,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "liquidity": "high",
   "quality_score": 51,
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   "margin_of_safety": -11.6,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 5,
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   "conviction_pctile": 32.5,
   "expected_return_pct_pctile": 44.9
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   "ticker": "KRC",
   "company": "Kilroy Realty Corp",
   "sector": null,
   "rating": "HOLD",
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   "conviction": 52.8,
   "conviction_ci": {
    "lo": 41.2,
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   "expected_return_pct": 1.7,
   "expected_return_diluted_pct": 1.7,
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   "downside_expectation_pct": -15.1,
   "stance": "Hold",
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   "quality_score": 39,
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   "margin_of_safety": -1.1,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 3,
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   "config_version": "ros-1.1.0",
   "conviction_pctile": 32.5,
   "expected_return_pct_pctile": 65.7
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   "ticker": "PRU",
   "company": "Prudential Financial, Inc.",
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   "rating": "SELL",
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   "conviction_ci": {
    "lo": 42.5,
    "hi": 63.2
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   "expected_return_pct": -11.1,
   "expected_return_diluted_pct": -11.1,
   "expected_cagr_pct": -11.1,
   "sharpe": -0.32,
   "downside_expectation_pct": -22.3,
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   "initial_pct_nav": 0,
   "max_pct_nav": 0,
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   "quality_score": 71,
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   "next_catalyst_type": "macro",
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   "conviction_pctile": 32.5,
   "expected_return_pct_pctile": 6.9
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   "ticker": "WSO",
   "company": "Watsco Inc",
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    "lo": 42.1,
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   "expected_return_pct": 2.1,
   "expected_return_diluted_pct": 2.1,
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   "sharpe": -0.03,
   "downside_expectation_pct": -15,
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   "initial_pct_nav": 0.5,
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   "margin_of_safety": -7.6,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 5,
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   "conviction_pctile": 32.5,
   "expected_return_pct_pctile": 68.1
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   "ticker": "HXL",
   "company": "Hexcel Corporation",
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   "conviction_ci": {
    "lo": 44.3,
    "hi": 61
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   "expected_return_pct": -3,
   "expected_return_diluted_pct": -3,
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   "downside_expectation_pct": -16.1,
   "stance": "Hold",
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   "margin_of_safety": -24,
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   "next_catalyst_type": "earnings",
   "next_catalyst_days": 5,
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   "conviction_pctile": 32,
   "expected_return_pct_pctile": 36.2
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   "ticker": "SAIA",
   "company": "Saia Inc",
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   "conviction_ci": {
    "lo": 44.8,
    "hi": 60.7
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   "expected_return_pct": 1.3,
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   "downside_expectation_pct": -15.2,
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   "margin_of_safety": -12.2,
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   "ticker": "BXP",
   "company": "BXP, Inc.",
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   "conviction_ci": {
    "lo": 37.8,
    "hi": 67.3
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   "expected_return_pct": -0.9,
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   "next_catalyst_type": "earnings",
   "next_catalyst_days": 4,
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   "conviction_pctile": 31.8,
   "expected_return_pct_pctile": 47.9
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   "ticker": "EIX",
   "company": "Edison International",
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   "conviction_ci": {
    "lo": 38.1,
    "hi": 67
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   "expected_return_pct": -12.2,
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   "initial_pct_nav": 0,
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   "expected_return_pct_pctile": 6.1
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   "ticker": "ST",
   "company": "Sensata Technologies Holding NV",
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    "lo": 43.5,
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   "expected_return_pct": -2.9,
   "expected_return_diluted_pct": -2.9,
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   "next_catalyst_type": "earnings",
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   "expected_return_pct_pctile": 36.6
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   "ticker": "CLH",
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    "lo": 44.7,
    "hi": 60.3
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   "expected_return_pct": 0.6,
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   "next_catalyst_type": "earnings",
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   "ticker": "DINO",
   "company": "HF Sinclair Corp",
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    "lo": 40.7,
    "hi": 64.2
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   "expected_return_pct": -1.1,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 4,
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   "expected_return_pct_pctile": 46.7
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   "ticker": "DTE",
   "company": "DTE Energy Company",
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    "lo": 38.6,
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   "expected_return_pct": 1,
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   "next_catalyst_type": "earnings",
   "next_catalyst_days": 4,
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   "conviction_pctile": 31.4,
   "expected_return_pct_pctile": 61.9
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   "ticker": "KD",
   "company": "Kyndryl Holdings Inc",
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   "conviction_ci": {
    "lo": 46,
    "hi": 58.9
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   "expected_return_pct": 15.8,
   "expected_return_diluted_pct": 15.8,
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   "downside_expectation_pct": -12.1,
   "stance": "Increase",
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   "next_catalyst_type": "macro",
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   "conviction_pctile": 31.4,
   "expected_return_pct_pctile": 95.4
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   "ticker": "LFUS",
   "company": "Littelfuse Inc",
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   "conviction_ci": {
    "lo": 38.5,
    "hi": 66.5
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   "expected_return_pct": -3.8,
   "expected_return_diluted_pct": -3.8,
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   "sharpe": -0.18,
   "downside_expectation_pct": -16.4,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "high",
   "quality_score": -76,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 31.4,
   "expected_return_pct_pctile": 31.3
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   "ticker": "OMC",
   "company": "Omnicom Group Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 77.9,
   "conviction": 52.5,
   "conviction_ci": {
    "lo": 44.6,
    "hi": 60.4
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   "expected_return_pct": -6.7,
   "expected_return_diluted_pct": -6.7,
   "expected_cagr_pct": -6.7,
   "sharpe": -0.29,
   "downside_expectation_pct": -19.9,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "liquidity": "high",
   "quality_score": 70,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 4,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 31.4,
   "expected_return_pct_pctile": 18.6
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   "ticker": "BAH",
   "company": "Booz Allen Hamilton Holding",
   "sector": null,
   "rating": "HOLD",
   "price": 65.87,
   "conviction": 52.4,
   "conviction_ci": {
    "lo": 44.1,
    "hi": 60.7
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   "expected_return_pct": 0.9,
   "expected_return_diluted_pct": 0.9,
   "expected_cagr_pct": 0.9,
   "sharpe": -0.06,
   "downside_expectation_pct": -12.6,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "medium",
   "quality_score": 47,
   "moat_score": 48,
   "margin_of_safety": -16.4,
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   "factor_momentum": null,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 0,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 30.7,
   "expected_return_pct_pctile": 61.5
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   "ticker": "ELF",
   "company": "ELF Beauty Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 76.15,
   "conviction": 52.4,
   "conviction_ci": {
    "lo": 42,
    "hi": 62.9
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   "expected_return_pct": 3.1,
   "expected_return_diluted_pct": 3.1,
   "expected_cagr_pct": 3.1,
   "sharpe": -0.04,
   "downside_expectation_pct": -13.1,
   "stance": "Hold",
   "initial_pct_nav": 0.54,
   "max_pct_nav": 0.89,
   "liquidity": "medium",
   "quality_score": 65,
   "moat_score": 45,
   "margin_of_safety": -21,
   "factor_growth": null,
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   "factor_quality": null,
   "factor_momentum": null,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 30.7,
   "expected_return_pct_pctile": 73
  },
  {
   "ticker": "UHS",
   "company": "Universal Health Services Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 151.27,
   "conviction": 52.4,
   "conviction_ci": {
    "lo": 40.9,
    "hi": 64
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   "expected_return_pct": -7.3,
   "expected_return_diluted_pct": -7.3,
   "expected_cagr_pct": -7.3,
   "sharpe": -0.22,
   "downside_expectation_pct": -17.4,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "medium",
   "quality_score": 47,
   "moat_score": 49,
   "margin_of_safety": -19.5,
   "factor_growth": null,
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   "factor_momentum": null,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 3,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 30.7,
   "expected_return_pct_pctile": 15.8
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   "ticker": "MSM",
   "company": "MSC Industrial Direct Company Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 125.83,
   "conviction": 52.3,
   "conviction_ci": {
    "lo": 45.7,
    "hi": 58.9
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   "expected_return_pct": -2,
   "expected_return_diluted_pct": -2,
   "expected_cagr_pct": -2,
   "sharpe": -0.1,
   "downside_expectation_pct": -15.9,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "medium",
   "quality_score": 53,
   "moat_score": 49,
   "margin_of_safety": -13.2,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 30.4,
   "expected_return_pct_pctile": 40.7
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  {
   "ticker": "TGT",
   "company": "Target Corporation",
   "sector": null,
   "rating": "HOLD",
   "price": 134.48,
   "conviction": 52.2,
   "conviction_ci": {
    "lo": 40.6,
    "hi": 63.9
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   "expected_return_pct": 4.5,
   "expected_return_diluted_pct": 4.5,
   "expected_cagr_pct": 4.5,
   "sharpe": 0,
   "downside_expectation_pct": -12.1,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "high",
   "quality_score": 49,
   "moat_score": 47,
   "margin_of_safety": -11.9,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 30.2,
   "expected_return_pct_pctile": 79.5
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  {
   "ticker": "AVNT",
   "company": "Avient Corp",
   "sector": null,
   "rating": "BUY",
   "price": 36.64,
   "conviction": 52.1,
   "conviction_ci": {
    "lo": 44.2,
    "hi": 60
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   "expected_return_pct": 15.8,
   "expected_return_diluted_pct": 15.8,
   "expected_cagr_pct": 15.8,
   "sharpe": 0.19,
   "downside_expectation_pct": -12.5,
   "stance": "Increase",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "medium",
   "quality_score": 47,
   "moat_score": 49,
   "margin_of_safety": -3.6,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
   "factor_lowvol": null,
   "options_preferred": "Call Debit Spread",
   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 30.1,
   "expected_return_pct_pctile": 95.4
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   "ticker": "CG",
   "company": "Carlyle Group Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 44.41,
   "conviction": 52.1,
   "conviction_ci": {
    "lo": 42.8,
    "hi": 61.4
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   "expected_return_pct": -1.9,
   "expected_return_diluted_pct": -1.9,
   "expected_cagr_pct": -1.9,
   "sharpe": -0.19,
   "downside_expectation_pct": -15.9,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "high",
   "quality_score": 65,
   "moat_score": 37,
   "margin_of_safety": -26.7,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 30.1,
   "expected_return_pct_pctile": 41.5
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   "ticker": "FTI",
   "company": "TechnipFMC PLC",
   "sector": null,
   "rating": "STRONG SELL",
   "price": 76.02,
   "conviction": 52.1,
   "conviction_ci": {
    "lo": 38.4,
    "hi": 65.9
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   "expected_return_pct": -29.8,
   "expected_return_diluted_pct": -29.8,
   "expected_cagr_pct": -29.8,
   "sharpe": -0.95,
   "downside_expectation_pct": -38.7,
   "stance": "Hold",
   "initial_pct_nav": 0,
   "max_pct_nav": 0,
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   "quality_score": 61,
   "moat_score": 50,
   "margin_of_safety": -36.9,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 30.1,
   "expected_return_pct_pctile": 0.5
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   "ticker": "LH",
   "company": "Laboratory Corporation of America Holdings",
   "sector": null,
   "rating": "HOLD",
   "price": 291.02,
   "conviction": 52.1,
   "conviction_ci": {
    "lo": 38.4,
    "hi": 65.8
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   "expected_return_pct": -3.4,
   "expected_return_diluted_pct": -3.4,
   "expected_cagr_pct": -3.4,
   "sharpe": -0.18,
   "downside_expectation_pct": -17,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "high",
   "quality_score": 47,
   "moat_score": 51,
   "margin_of_safety": -19.9,
   "factor_growth": null,
   "factor_value": null,
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   "factor_momentum": null,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 30.1,
   "expected_return_pct_pctile": 33.8
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   "ticker": "BEN",
   "company": "Franklin Resources Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 32.29,
   "conviction": 52,
   "conviction_ci": {
    "lo": 40.9,
    "hi": 63.1
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   "expected_return_pct": 1.8,
   "expected_return_diluted_pct": 1.8,
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   "sharpe": -0.05,
   "downside_expectation_pct": -15,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
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   "quality_score": 57,
   "moat_score": 53,
   "margin_of_safety": -21.9,
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   "factor_value": null,
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   "factor_momentum": null,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
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   "conviction_pctile": 29.7,
   "expected_return_pct_pctile": 65.9
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   "ticker": "BLDR",
   "company": "Builders FirstSource Inc",
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   "conviction": 52,
   "conviction_ci": {
    "lo": 38.4,
    "hi": 65.7
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   "expected_return_pct": 27.8,
   "expected_return_diluted_pct": 27.8,
   "expected_cagr_pct": 27.8,
   "sharpe": 0.35,
   "downside_expectation_pct": -9.6,
   "stance": "Increase",
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   "margin_of_safety": -6.9,
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   "next_catalyst_type": "macro",
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   "conviction_pctile": 29.7,
   "expected_return_pct_pctile": 98.2
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   "ticker": "EXR",
   "company": "Extra Space Storage Inc",
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   "rating": "HOLD",
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   "conviction": 52,
   "conviction_ci": {
    "lo": 39.8,
    "hi": 64.3
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   "expected_return_pct": 1.9,
   "expected_return_diluted_pct": 1.9,
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   "downside_expectation_pct": -12.4,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "quality_score": 64,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 4,
   "as_of": "2026-07-24",
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   "conviction_pctile": 29.7,
   "expected_return_pct_pctile": 66.6
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   "ticker": "LVS",
   "company": "Las Vegas Sands Corp",
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   "rating": "HOLD",
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   "conviction_ci": {
    "lo": 41,
    "hi": 63
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   "expected_return_pct": -3.1,
   "expected_return_diluted_pct": -3.1,
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   "downside_expectation_pct": -23.3,
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   "initial_pct_nav": 0.5,
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   "quality_score": 49,
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   "margin_of_safety": -22.4,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
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   "expected_return_pct_pctile": 35.9
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   "ticker": "PPG",
   "company": "PPG Industries Inc",
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   "rating": "HOLD",
   "price": 113.75,
   "conviction": 52,
   "conviction_ci": {
    "lo": 44.6,
    "hi": 59.4
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   "expected_return_pct": 3.7,
   "expected_return_diluted_pct": 3.7,
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   "initial_pct_nav": 0.5,
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   "quality_score": 52,
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   "margin_of_safety": -8.9,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 4,
   "as_of": "2026-07-24",
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   "conviction_pctile": 29.7,
   "expected_return_pct_pctile": 76.6
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   "ticker": "TMHC",
   "company": "Taylor Morn Home",
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   "rating": "HOLD",
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   "conviction": 52,
   "conviction_ci": {
    "lo": 40.3,
    "hi": 63.6
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   "expected_return_pct": 2.7,
   "expected_return_diluted_pct": 2.7,
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   "sharpe": -0.02,
   "downside_expectation_pct": -22.2,
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   "margin_of_safety": -14.5,
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   "next_catalyst_type": "macro",
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   "expected_return_pct_pctile": 71.6
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   "ticker": "WM",
   "company": "Waste Management Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 237.27,
   "conviction": 52,
   "conviction_ci": {
    "lo": 39.9,
    "hi": 64.1
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   "expected_return_pct": -5.8,
   "expected_return_diluted_pct": -5.8,
   "expected_cagr_pct": -5.8,
   "sharpe": -0.26,
   "downside_expectation_pct": -14.2,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "quality_score": 53,
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   "margin_of_safety": -21.1,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 4,
   "as_of": "2026-07-24",
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   "conviction_pctile": 29.7,
   "expected_return_pct_pctile": 22
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   "ticker": "DKS",
   "company": "Dick’s Sporting Goods Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 204.36,
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   "conviction_ci": {
    "lo": 43.3,
    "hi": 60.6
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   "expected_return_pct": 3.4,
   "expected_return_diluted_pct": 3.3,
   "expected_cagr_pct": 3.4,
   "sharpe": -0.01,
   "downside_expectation_pct": -14.8,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "high",
   "quality_score": 43,
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   "margin_of_safety": -14.2,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
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   "conviction_pctile": 28.8,
   "expected_return_pct_pctile": 74.7
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   "ticker": "WELL",
   "company": "Welltower Inc",
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   "rating": "HOLD",
   "price": 247.05,
   "conviction": 51.9,
   "conviction_ci": {
    "lo": 38.1,
    "hi": 65.6
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   "expected_return_pct": -1.7,
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   "expected_cagr_pct": -1.7,
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   "next_catalyst_type": "earnings",
   "next_catalyst_days": 3,
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   "expected_return_pct_pctile": 43.4
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   "ticker": "SBRA",
   "company": "Sabra Healthcare REIT Inc",
   "sector": null,
   "rating": "SELL",
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   "expected_return_pct": -11,
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   "sharpe": -0.59,
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   "initial_pct_nav": 0,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
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   "conviction_pctile": 28.6,
   "expected_return_pct_pctile": 7.2
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   "ticker": "NEE",
   "company": "Nextera Energy Inc",
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   "rating": "HOLD",
   "price": 89.79,
   "conviction": 51.7,
   "conviction_ci": {
    "lo": 37,
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   "expected_return_pct": -5.2,
   "expected_return_diluted_pct": -5.2,
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   "downside_expectation_pct": -13.9,
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   "liquidity": "high",
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   "margin_of_safety": -8,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 0,
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   "conviction_pctile": 28.5,
   "expected_return_pct_pctile": 25.1
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   "ticker": "CARR",
   "company": "Carrier Global Corp",
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   "rating": "HOLD",
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    "lo": 39.7,
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   "expected_return_pct": 2,
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   "margin_of_safety": -11.9,
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   "next_catalyst_type": "earnings",
   "next_catalyst_days": 4,
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   "expected_return_pct_pctile": 67.2
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   "ticker": "HCA",
   "company": "HCA Healthcare, Inc.",
   "sector": null,
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   "conviction_ci": {
    "lo": 38.9,
    "hi": 64.3
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   "margin_of_safety": -20.8,
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   "next_catalyst_type": "earnings",
   "next_catalyst_days": 0,
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   "conviction_pctile": 28.4,
   "expected_return_pct_pctile": 83.1
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   "ticker": "C",
   "company": "Citigroup Inc.",
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   "conviction": 51.5,
   "conviction_ci": {
    "lo": 32.7,
    "hi": 70.2
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   "expected_return_pct": 9.8,
   "expected_return_diluted_pct": 9.8,
   "expected_cagr_pct": 9.8,
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   "initial_pct_nav": 0.5,
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   "quality_score": -139,
   "moat_score": 59,
   "margin_of_safety": 5.6,
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   "conviction_pctile": 28.1,
   "expected_return_pct_pctile": 89.2
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   "ticker": "CHH",
   "company": "Choice Hotels International Inc",
   "sector": null,
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   "conviction_ci": {
    "lo": 40.1,
    "hi": 63
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   "expected_return_pct": -1.9,
   "expected_return_diluted_pct": -1.9,
   "expected_cagr_pct": -1.9,
   "sharpe": -0.2,
   "downside_expectation_pct": -15.9,
   "stance": "Hold",
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   "factor_value": null,
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   "expected_return_pct_pctile": 41.5
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   "ticker": "DE",
   "company": "Deere & Company",
   "sector": null,
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   "conviction": 51.5,
   "conviction_ci": {
    "lo": 36.9,
    "hi": 66
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   "expected_return_pct": -3.7,
   "expected_return_diluted_pct": -3.7,
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   "sharpe": -0.14,
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   "quality_score": 44,
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   "margin_of_safety": -26.2,
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   "expected_return_pct_pctile": 31.7
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   "ticker": "DLTR",
   "company": "Dollar Tree Inc",
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    "lo": 41.1,
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   "expected_return_pct": 1.3,
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   "sharpe": -0.04,
   "downside_expectation_pct": -12.4,
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   "expected_return_pct_pctile": 63.3
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   "ticker": "PEG",
   "company": "Public Service Enterprise Group Inc",
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    "lo": 37.1,
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   "expected_return_pct": 3.6,
   "expected_return_diluted_pct": 3.6,
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   "expected_return_pct_pctile": 76
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   "ticker": "WFRD",
   "company": "Weatherford International plc",
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    "lo": 42.3,
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   "expected_return_pct": -6.8,
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   "downside_expectation_pct": -27.8,
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   "expected_return_pct_pctile": 18.1
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   "ticker": "WTRG",
   "company": "Essential Utilities Inc",
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   "conviction_ci": {
    "lo": 41.1,
    "hi": 62
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   "expected_return_pct": 1.4,
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   "ticker": "AVY",
   "company": "Avery Dennison Corp",
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   "conviction_ci": {
    "lo": 42.4,
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   "expected_return_pct": 4.2,
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   "ticker": "CUBE",
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    "lo": 41,
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   "ticker": "DRI",
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    "lo": 42.3,
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   "ticker": "MTZ",
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   "ticker": "OVV",
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   "expected_return_pct_pctile": 30
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   "ticker": "SWK",
   "company": "Stanley Black & Decker Inc",
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   "expected_return_pct": 3.7,
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   "ticker": "CASY",
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   "ticker": "NNN",
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   "ticker": "PPC",
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   "ticker": "BCO",
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    "lo": 42,
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   "ticker": "COLM",
   "company": "Columbia Sportswear Company",
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   "ticker": "CPT",
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   "ticker": "DGX",
   "company": "Quest Diagnostics Incorporated",
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   "ticker": "ESS",
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   "ticker": "MAT",
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   "ticker": "SRE",
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   "ticker": "DTM",
   "company": "DT Midstream Inc",
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   "expected_return_pct": 95.8,
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   "company": "SBA Communications Corp",
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   "ticker": "SOLS",
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   "company": "Hormel Foods Corporation",
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   "company": "Ventas Inc",
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   "ticker": "CDP",
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   "ticker": "LPX",
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   "ticker": "AGCO",
   "company": "AGCO Corporation",
   "sector": null,
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   "price": 117.27,
   "conviction": 49.6,
   "conviction_ci": {
    "lo": 42.2,
    "hi": 57.1
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   "expected_return_pct": -5.2,
   "expected_return_diluted_pct": -5.2,
   "expected_cagr_pct": -5.2,
   "sharpe": -0.17,
   "downside_expectation_pct": -17.2,
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   "conviction_pctile": 20,
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   "ticker": "HOOD",
   "company": "Robinhood Markets",
   "sector": null,
   "rating": "SELL",
   "price": 101.58,
   "conviction": 49.6,
   "conviction_ci": {
    "lo": 38.2,
    "hi": 60.9
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   "expected_return_pct": -19.7,
   "expected_return_diluted_pct": -22.1,
   "expected_cagr_pct": -19.7,
   "sharpe": -0.8,
   "downside_expectation_pct": -25.1,
   "stance": "Hold",
   "initial_pct_nav": 0,
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   "next_catalyst_type": "earnings",
   "next_catalyst_days": 5,
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   "conviction_pctile": 20,
   "expected_return_pct_pctile": 2.2
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   "ticker": "OGE",
   "company": "OGE Energy Corporation",
   "sector": null,
   "rating": "HOLD",
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   "conviction_ci": {
    "lo": 39.2,
    "hi": 60
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   "expected_return_pct": -2.8,
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   "sharpe": -0.19,
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   "initial_pct_nav": 0.5,
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   "quality_score": 41,
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   "margin_of_safety": -7.9,
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   "next_catalyst_type": "earnings",
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   "conviction_pctile": 20,
   "expected_return_pct_pctile": 37
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   "ticker": "TRGP",
   "company": "Targa Resources Inc",
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   "conviction": 49.6,
   "conviction_ci": {
    "lo": 40.5,
    "hi": 58.7
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   "expected_return_pct": -8.8,
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   "sharpe": -0.37,
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   "conviction_pctile": 20,
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   "ticker": "HSIC",
   "company": "Henry Schein Inc",
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   "rating": "HOLD",
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   "conviction": 49.5,
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    "lo": 37.5,
    "hi": 61.4
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   "expected_return_pct": -0.8,
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   "conviction_pctile": 19.6,
   "expected_return_pct_pctile": 48.5
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   "ticker": "INVH",
   "company": "Invitation Homes Inc",
   "sector": null,
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   "price": 29.44,
   "conviction": 49.5,
   "conviction_ci": {
    "lo": 37.2,
    "hi": 61.9
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   "expected_return_pct": -1.8,
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   "sharpe": -0.21,
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   "initial_pct_nav": 0.5,
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   "next_catalyst_type": "earnings",
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   "conviction_pctile": 19.6,
   "expected_return_pct_pctile": 42.4
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   "ticker": "ETR",
   "company": "Entergy Corporation",
   "sector": null,
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   "conviction": 49.4,
   "conviction_ci": {
    "lo": 34.8,
    "hi": 64
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   "expected_return_pct": -4.6,
   "expected_return_diluted_pct": -4.6,
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   "initial_pct_nav": 0.5,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
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   "conviction_pctile": 19.3,
   "expected_return_pct_pctile": 28
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   "ticker": "UPS",
   "company": "United Parcel Service Inc",
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   "conviction_ci": {
    "lo": 38.8,
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   "expected_return_pct": -7.1,
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   "next_catalyst_type": "earnings",
   "next_catalyst_days": 4,
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   "conviction_pctile": 19.3,
   "expected_return_pct_pctile": 16.8
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   "ticker": "LSCC",
   "company": "Lattice Semiconductor Corporation",
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   "price": 138.13,
   "conviction": 49.3,
   "conviction_ci": {
    "lo": 37.6,
    "hi": 61.1
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   "expected_return_pct": -28.3,
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   "initial_pct_nav": 0,
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   "conviction_pctile": 19.1,
   "expected_return_pct_pctile": 0.7
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   "ticker": "POST",
   "company": "Post Holdings Inc",
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    "lo": 36.4,
    "hi": 62.2
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   "expected_return_pct": -2,
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   "downside_expectation_pct": -22.1,
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   "conviction_pctile": 19.1,
   "expected_return_pct_pctile": 40.7
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   "ticker": "XEL",
   "company": "Xcel Energy Inc",
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   "rating": "HOLD",
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   "conviction": 49.3,
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    "lo": 35.1,
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   "expected_return_pct": 1.1,
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   "ticker": "ENSG",
   "company": "The Ensign Group Inc",
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   "conviction": 49.2,
   "conviction_ci": {
    "lo": 37.5,
    "hi": 61
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   "expected_return_pct": -27.5,
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   "initial_pct_nav": 0,
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   "expected_return_pct_pctile": 0.9
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   "ticker": "SPG",
   "company": "Simon Property Group Inc",
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   "rating": "HOLD",
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    "lo": 36.2,
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   "expected_return_pct": 3.2,
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   "initial_pct_nav": 0.56,
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   "conviction_pctile": 18.8,
   "expected_return_pct_pctile": 73.6
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   "ticker": "SWX",
   "company": "Southwest Gas Holdings Inc",
   "sector": null,
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   "price": 93.01,
   "conviction": 49.2,
   "conviction_ci": {
    "lo": 39.9,
    "hi": 58.5
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   "expected_return_pct": 0.6,
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   "ticker": "JAZZ",
   "company": "Jazz Pharmaceuticals PLC",
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   "conviction": 49.1,
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    "lo": 37.3,
    "hi": 60.9
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   "expected_return_pct": -1,
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   "expected_return_pct_pctile": 47.4
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   "ticker": "MTN",
   "company": "Vail Resorts Inc",
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   "rating": "BUY",
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   "conviction_ci": {
    "lo": 39.2,
    "hi": 58.9
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   "expected_return_diluted_pct": 22.6,
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   "ticker": "ADC",
   "company": "Agree Realty Corporation",
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    "lo": 38.6,
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   "expected_return_pct": 3.3,
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   "next_catalyst_type": "macro",
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   "expected_return_pct_pctile": 74.2
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   "ticker": "RRX",
   "company": "Regal Beloit Corporation",
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   "rating": "HOLD",
   "price": 214.03,
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    "lo": 39,
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   "expected_return_pct": -5.6,
   "expected_return_diluted_pct": -5.6,
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   "sharpe": -0.2,
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   "stance": "Hold",
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   "moat_score": 50,
   "margin_of_safety": -18,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
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   "expected_return_pct_pctile": 22.6
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   "ticker": "CNP",
   "company": "CenterPoint Energy Inc",
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   "rating": "HOLD",
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   "conviction_ci": {
    "lo": 34.9,
    "hi": 62.9
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   "expected_return_pct": 0.9,
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   "sharpe": -0.08,
   "downside_expectation_pct": -12.6,
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   "initial_pct_nav": 0.5,
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   "ticker": "NWE",
   "company": "NorthWestern Corporation",
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   "ticker": "RPM",
   "company": "RPM International Inc",
   "sector": null,
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   "conviction": 48.9,
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    "lo": 43.7,
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   "ticker": "SNX",
   "company": "Synnex Corporation",
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   "conviction": 48.9,
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    "hi": 60
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   "expected_return_pct": -0.9,
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   "ticker": "AAON",
   "company": "AAON Inc",
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    "lo": 41.6,
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   "ticker": "VNOM",
   "company": "Viper Energy Ut",
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   "conviction_ci": {
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   "ticker": "ARW",
   "company": "Arrow Electronics Inc",
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   "conviction_ci": {
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   "expected_return_pct": 14,
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   "ticker": "GATX",
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   "conviction_ci": {
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   "ticker": "LEN",
   "company": "Lennar Corporation",
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   "expected_return_pct": 17,
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   "ticker": "SOLV",
   "company": "Solventum Corp.",
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   "conviction_ci": {
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   "ticker": "EQR",
   "company": "Equity Residential",
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   "ticker": "MPC",
   "company": "Marathon Petroleum Corp",
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   "conviction_ci": {
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   "expected_return_pct": -24.1,
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   "ticker": "OGS",
   "company": "One Gas Inc",
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   "ticker": "BURL",
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   "ticker": "CMG",
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   "ticker": "CVS",
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   "ticker": "KMI",
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   "expected_return_diluted_pct": -0.5,
   "expected_cagr_pct": -0.5,
   "sharpe": -0.08,
   "downside_expectation_pct": -15.6,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "medium",
   "quality_score": 45,
   "moat_score": 16,
   "margin_of_safety": -14.5,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
   "factor_lowvol": null,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 13.7,
   "expected_return_pct_pctile": 50.6
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   "ticker": "VVV",
   "company": "Valvoline Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 38.31,
   "conviction": 47.4,
   "conviction_ci": {
    "lo": 39.5,
    "hi": 55.3
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   "expected_return_pct": 2.9,
   "expected_return_diluted_pct": 2.9,
   "expected_cagr_pct": 2.9,
   "sharpe": -0.03,
   "downside_expectation_pct": -12.2,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "medium",
   "quality_score": 43,
   "moat_score": 53,
   "margin_of_safety": -16.5,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
   "factor_lowvol": null,
   "options_preferred": "Covered Call",
   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 13.7,
   "expected_return_pct_pctile": 72.6
  },
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   "ticker": "MTSI",
   "company": "MACOM Technology Solutions Holdings Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 282.82,
   "conviction": 47.3,
   "conviction_ci": {
    "lo": 36.5,
    "hi": 58
   },
   "expected_return_pct": -4.7,
   "expected_return_diluted_pct": -4.7,
   "expected_cagr_pct": -4.7,
   "sharpe": -0.24,
   "downside_expectation_pct": -17.6,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "high",
   "quality_score": -29,
   "moat_score": 66,
   "margin_of_safety": -14,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
   "factor_lowvol": null,
   "options_preferred": "Covered Call",
   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 13.4,
   "expected_return_pct_pctile": 27.4
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   "ticker": "PCG",
   "company": "PG&E Corp",
   "sector": null,
   "rating": "HOLD",
   "price": 17.54,
   "conviction": 47.3,
   "conviction_ci": {
    "lo": 35.1,
    "hi": 59.6
   },
   "expected_return_pct": 12,
   "expected_return_diluted_pct": 12,
   "expected_cagr_pct": 12,
   "sharpe": 0.2,
   "downside_expectation_pct": -10.2,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "high",
   "quality_score": 39,
   "moat_score": 51,
   "margin_of_safety": 2,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
   "factor_lowvol": null,
   "options_preferred": "Covered Call",
   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 13.4,
   "expected_return_pct_pctile": 91.8
  },
  {
   "ticker": "APG",
   "company": "Api Group Corp",
   "sector": null,
   "rating": "HOLD",
   "price": 39.56,
   "conviction": 47.1,
   "conviction_ci": {
    "lo": 37.6,
    "hi": 56.6
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   "expected_return_pct": -1.5,
   "expected_return_diluted_pct": -1.5,
   "expected_cagr_pct": -1.5,
   "sharpe": -0.11,
   "downside_expectation_pct": -15.8,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "high",
   "quality_score": 44,
   "moat_score": 20,
   "margin_of_safety": -6.5,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
   "factor_lowvol": null,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 13.1,
   "expected_return_pct_pctile": 44.9
  },
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   "ticker": "VTRS",
   "company": "Viatris Inc",
   "sector": null,
   "rating": "BUY",
   "price": 17.28,
   "conviction": 47.1,
   "conviction_ci": {
    "lo": 33.3,
    "hi": 60.8
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   "expected_return_pct": 15.5,
   "expected_return_diluted_pct": 15.5,
   "expected_cagr_pct": 15.5,
   "sharpe": 0.26,
   "downside_expectation_pct": -14.2,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "high",
   "quality_score": 20,
   "moat_score": 24,
   "margin_of_safety": -0.2,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
   "factor_lowvol": null,
   "options_preferred": "Cash-Secured Put",
   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 13.1,
   "expected_return_pct_pctile": 95.2
  },
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   "ticker": "HAS",
   "company": "Hasbro Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 87.35,
   "conviction": 47,
   "conviction_ci": {
    "lo": 30,
    "hi": 64
   },
   "expected_return_pct": -0.7,
   "expected_return_diluted_pct": -0.7,
   "expected_cagr_pct": -0.7,
   "sharpe": -0.13,
   "downside_expectation_pct": -15.7,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "high",
   "quality_score": -8,
   "moat_score": 53,
   "margin_of_safety": -15,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
   "factor_lowvol": null,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 12.9,
   "expected_return_pct_pctile": 49.1
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   "ticker": "PSX",
   "company": "Phillips 66",
   "sector": null,
   "rating": "SELL",
   "price": 206.98,
   "conviction": 47,
   "conviction_ci": {
    "lo": 37.3,
    "hi": 56.7
   },
   "expected_return_pct": -16.8,
   "expected_return_diluted_pct": -16.8,
   "expected_cagr_pct": -16.8,
   "sharpe": -0.35,
   "downside_expectation_pct": -32.3,
   "stance": "Hold",
   "initial_pct_nav": 0,
   "max_pct_nav": 0,
   "liquidity": "high",
   "quality_score": 38,
   "moat_score": 47,
   "margin_of_safety": -32,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
   "factor_lowvol": null,
   "options_preferred": "Protective Put",
   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 12.9,
   "expected_return_pct_pctile": 2.9
  },
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   "ticker": "VST",
   "company": "Vistra Corp.",
   "sector": null,
   "rating": "HOLD",
   "price": 168.98,
   "conviction": 47,
   "conviction_ci": {
    "lo": 36.2,
    "hi": 57.8
   },
   "expected_return_pct": -7.3,
   "expected_return_diluted_pct": -7.3,
   "expected_cagr_pct": -7.3,
   "sharpe": -0.26,
   "downside_expectation_pct": -18.4,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "high",
   "quality_score": 40,
   "moat_score": 52,
   "margin_of_safety": -22.3,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
   "factor_lowvol": null,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 12.9,
   "expected_return_pct_pctile": 15.8
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  {
   "ticker": "FBIN",
   "company": "Fortune Brands Innovations Inc.",
   "sector": null,
   "rating": "HOLD",
   "price": 49.8,
   "conviction": 46.9,
   "conviction_ci": {
    "lo": 40.5,
    "hi": 53.4
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   "expected_return_pct": 3.4,
   "expected_return_diluted_pct": 3.4,
   "expected_cagr_pct": 3.4,
   "sharpe": -0.01,
   "downside_expectation_pct": -14.8,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "medium",
   "quality_score": 49,
   "moat_score": 49,
   "margin_of_safety": -18.1,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
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   "options_preferred": "Covered Call",
   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
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   "expected_return_pct_pctile": 74.7
  },
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   "ticker": "HUM",
   "company": "Humana Inc",
   "sector": null,
   "rating": "STRONG SELL",
   "price": 394.5,
   "conviction": 46.9,
   "conviction_ci": {
    "lo": 31.7,
    "hi": 62.1
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   "expected_return_pct": -43.5,
   "expected_return_diluted_pct": -43.5,
   "expected_cagr_pct": -43.5,
   "sharpe": -0.96,
   "downside_expectation_pct": -43.7,
   "stance": "Reduce",
   "initial_pct_nav": 0,
   "max_pct_nav": 0,
   "liquidity": "high",
   "quality_score": 58,
   "moat_score": 45,
   "margin_of_safety": -43.7,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
   "factor_lowvol": null,
   "options_preferred": "Collar",
   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 12.5,
   "expected_return_pct_pctile": 0.1
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  {
   "ticker": "FOUR",
   "company": "Shift4 Payments Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 46.33,
   "conviction": 46.8,
   "conviction_ci": {
    "lo": 36.2,
    "hi": 57.3
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   "expected_return_pct": 9.6,
   "expected_return_diluted_pct": 9.6,
   "expected_cagr_pct": 9.6,
   "sharpe": 0.11,
   "downside_expectation_pct": -13.4,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "medium",
   "quality_score": 44,
   "moat_score": 21,
   "margin_of_safety": -11.3,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 12.3,
   "expected_return_pct_pctile": 88.9
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  {
   "ticker": "NCLH",
   "company": "Norwegian Cruise Line Holdings Ltd",
   "sector": null,
   "rating": "HOLD",
   "price": 18.71,
   "conviction": 46.8,
   "conviction_ci": {
    "lo": 33.2,
    "hi": 60.4
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   "expected_return_pct": 7.2,
   "expected_return_diluted_pct": 7.2,
   "expected_cagr_pct": 7.2,
   "sharpe": 0.04,
   "downside_expectation_pct": -20.8,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "medium",
   "quality_score": 32,
   "moat_score": 48,
   "margin_of_safety": -50.5,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 12.3,
   "expected_return_pct_pctile": 86
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  {
   "ticker": "RS",
   "company": "Reliance Steel & Aluminum Co",
   "sector": null,
   "rating": "SELL",
   "price": 395.37,
   "conviction": 46.8,
   "conviction_ci": {
    "lo": 37.6,
    "hi": 56
   },
   "expected_return_pct": -21.1,
   "expected_return_diluted_pct": -21.1,
   "expected_cagr_pct": -21.1,
   "sharpe": -0.52,
   "downside_expectation_pct": -33.4,
   "stance": "Hold",
   "initial_pct_nav": 0,
   "max_pct_nav": 0,
   "liquidity": "high",
   "quality_score": 48,
   "moat_score": 48,
   "margin_of_safety": -32.2,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
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   "options_preferred": "Protective Put",
   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 12.3,
   "expected_return_pct_pctile": 1.9
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  {
   "ticker": "T",
   "company": "AT&T Inc.",
   "sector": null,
   "rating": "HOLD",
   "price": 22.96,
   "conviction": 46.7,
   "conviction_ci": {
    "lo": 38.9,
    "hi": 54.6
   },
   "expected_return_pct": 2.5,
   "expected_return_diluted_pct": 2.5,
   "expected_cagr_pct": 2.5,
   "sharpe": -0.04,
   "downside_expectation_pct": -13.3,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "high",
   "quality_score": 43,
   "moat_score": 52,
   "margin_of_safety": -34.6,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
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   "options_preferred": "Covered Call",
   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 12,
   "expected_return_pct_pctile": 70.8
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  {
   "ticker": "KNX",
   "company": "Knight Transportation Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 72.33,
   "conviction": 46.6,
   "conviction_ci": {
    "lo": 40.2,
    "hi": 52.9
   },
   "expected_return_pct": 5.1,
   "expected_return_diluted_pct": 5.1,
   "expected_cagr_pct": 5.1,
   "sharpe": 0.02,
   "downside_expectation_pct": -14.6,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "high",
   "quality_score": 46,
   "moat_score": 47,
   "margin_of_safety": -18.1,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
   "factor_lowvol": null,
   "options_preferred": "Covered Call",
   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 11.8,
   "expected_return_pct_pctile": 81.5
  },
  {
   "ticker": "ALB",
   "company": "Albemarle Corp",
   "sector": null,
   "rating": "BUY",
   "price": 116.91,
   "conviction": 46.5,
   "conviction_ci": {
    "lo": 32.3,
    "hi": 60.7
   },
   "expected_return_pct": 20.5,
   "expected_return_diluted_pct": 20.5,
   "expected_cagr_pct": 20.5,
   "sharpe": 0.27,
   "downside_expectation_pct": -26.3,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "high",
   "quality_score": -21,
   "moat_score": 56,
   "margin_of_safety": 8.6,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
   "factor_lowvol": null,
   "options_preferred": "Cash-Secured Put",
   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 11.7,
   "expected_return_pct_pctile": 96.7
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  {
   "ticker": "HPE",
   "company": "Hewlett Packard Enterprise Co",
   "sector": null,
   "rating": "SELL",
   "price": 47.64,
   "conviction": 46.5,
   "conviction_ci": {
    "lo": 32.7,
    "hi": 60.2
   },
   "expected_return_pct": -16.2,
   "expected_return_diluted_pct": -16.2,
   "expected_cagr_pct": -16.2,
   "sharpe": -0.41,
   "downside_expectation_pct": -24.5,
   "stance": "Hold",
   "initial_pct_nav": 0,
   "max_pct_nav": 0,
   "liquidity": "high",
   "quality_score": 40,
   "moat_score": 50,
   "margin_of_safety": -26.5,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
   "factor_momentum": null,
   "factor_lowvol": null,
   "options_preferred": "Put Debit Spread",
   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 11.7,
   "expected_return_pct_pctile": 3.5
  },
  {
   "ticker": "ALGM",
   "company": "Allegro Microsystems Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 50.07,
   "conviction": 46.4,
   "conviction_ci": {
    "lo": 33.6,
    "hi": 59.1
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   "expected_return_pct": -7,
   "expected_return_diluted_pct": -7,
   "expected_cagr_pct": -7,
   "sharpe": -0.26,
   "downside_expectation_pct": -18.5,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "medium",
   "quality_score": -176,
   "moat_score": 54,
   "margin_of_safety": -22.5,
   "factor_growth": null,
   "factor_value": null,
   "factor_quality": null,
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   "company": "Dollar General Corporation",
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   "company": "Zscaler Inc.",
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   "ticker": "BRKR",
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   "expected_return_pct": -10.9,
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   "company": "Middleby Corp",
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   "conviction_pctile": 7.2,
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   "ticker": "SLGN",
   "company": "Silgan Holdings Inc",
   "sector": null,
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   "expected_return_pct": -2.1,
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   "next_catalyst_type": "earnings",
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   "conviction_pctile": 7,
   "expected_return_pct_pctile": 40.1
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   "ticker": "OC",
   "company": "Owens Corning Inc",
   "sector": null,
   "rating": "HOLD",
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   "conviction": 43,
   "conviction_ci": {
    "lo": 30.3,
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   "expected_return_pct": 0.4,
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   "sharpe": -0.07,
   "downside_expectation_pct": -15.4,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "quality_score": -39,
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   "conviction_pctile": 6.9,
   "expected_return_pct_pctile": 56.9
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   "ticker": "TAP",
   "company": "Molson Coors Brewing Co Class B",
   "sector": null,
   "rating": "HOLD",
   "price": 40.04,
   "conviction": 42.8,
   "conviction_ci": {
    "lo": 29.4,
    "hi": 56.2
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   "expected_return_pct": -5.7,
   "expected_return_diluted_pct": -5.7,
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   "sharpe": -0.19,
   "downside_expectation_pct": -18.2,
   "stance": "Hold",
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   "conviction_pctile": 6.8,
   "expected_return_pct_pctile": 22.2
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   "ticker": "AVT",
   "company": "Avnet Inc",
   "sector": null,
   "rating": "HOLD",
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    "lo": 31.5,
    "hi": 53.6
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   "expected_return_pct": -6.8,
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   "sharpe": -0.22,
   "downside_expectation_pct": -18.1,
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   "conviction_pctile": 6.7,
   "expected_return_pct_pctile": 18.1
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   "ticker": "IFF",
   "company": "International Flavors & Fragrances Inc",
   "sector": null,
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   "expected_return_pct": 2.2,
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   "quality_score": -26,
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   "conviction_pctile": 6.6,
   "expected_return_pct_pctile": 68.7
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   "ticker": "GIS",
   "company": "General Mills Inc",
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   "rating": "HOLD",
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   "conviction_ci": {
    "lo": 26.4,
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   "expected_return_pct": 0.9,
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   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "quality_score": -488,
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   "margin_of_safety": -26.6,
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   "expected_return_pct_pctile": 61.5
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   "ticker": "ADM",
   "company": "Archer-Daniels-Midland Company",
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   "conviction_ci": {
    "lo": 33,
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   "expected_return_pct": -9.4,
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   "downside_expectation_pct": -25.3,
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   "conviction_pctile": 6.3,
   "expected_return_pct_pctile": 10.8
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   "ticker": "DVA",
   "company": "DaVita HealthCare Partners Inc",
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   "conviction_ci": {
    "lo": 31.3,
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   "expected_return_pct": -8.3,
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   "sharpe": -0.24,
   "downside_expectation_pct": -18.7,
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   "quality_score": 40,
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   "expected_return_pct_pctile": 12.7
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   "ticker": "GPC",
   "company": "Genuine Parts Co",
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   "expected_return_pct": -1.1,
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   "ticker": "PAG",
   "company": "Penske Automotive Group Inc",
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    "lo": 33.5,
    "hi": 50.7
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   "expected_return_pct": -9.9,
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   "expected_return_pct_pctile": 9.7
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   "ticker": "CUZ",
   "company": "Cousins Properties Incorporated",
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    "lo": 30.4,
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   "quality_score": -10026,
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   "ticker": "DAR",
   "company": "Darling Ingredients Inc",
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    "lo": 31.1,
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   "ticker": "HR",
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   "ticker": "BG",
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    "lo": 28.4,
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   "ticker": "GPK",
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    "lo": 31.1,
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   "ticker": "HGV",
   "company": "Hilton Grand Vacations Inc",
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   "ticker": "SBUX",
   "company": "Starbucks Corporation",
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    "lo": 31,
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   "expected_return_pct": -0.8,
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   "next_catalyst_type": "earnings",
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   "expected_return_pct_pctile": 48.5
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   "ticker": "FND",
   "company": "Floor & Decor Holdings Inc",
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   "conviction_ci": {
    "lo": 30.9,
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   "expected_return_pct": 2.5,
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   "downside_expectation_pct": -15,
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   "margin_of_safety": -16,
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   "ticker": "NOV",
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   "expected_return_pct": -16,
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   "ticker": "AHR",
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   "conviction_ci": {
    "lo": 30.6,
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   "expected_return_pct": -2,
   "expected_return_diluted_pct": -2,
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   "sharpe": -0.12,
   "downside_expectation_pct": -22.1,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "liquidity": "high",
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   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 2.8,
   "expected_return_pct_pctile": 40.7
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   "ticker": "PII",
   "company": "Polaris Industries Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 72.55,
   "conviction": 38.7,
   "conviction_ci": {
    "lo": 27.2,
    "hi": 50.2
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   "expected_return_pct": 1.6,
   "expected_return_diluted_pct": 1.6,
   "expected_cagr_pct": 1.6,
   "sharpe": -0.03,
   "downside_expectation_pct": -15.2,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "liquidity": "medium",
   "quality_score": -20,
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   "margin_of_safety": -13.2,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 4,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 2.8,
   "expected_return_pct_pctile": 64.9
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   "ticker": "IVZ",
   "company": "Invesco Plc",
   "sector": null,
   "rating": "SELL",
   "price": 29.8,
   "conviction": 38.6,
   "conviction_ci": {
    "lo": 24.1,
    "hi": 53.1
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   "expected_return_pct": -11.9,
   "expected_return_diluted_pct": -11.9,
   "expected_cagr_pct": -11.9,
   "sharpe": -0.45,
   "downside_expectation_pct": -21.1,
   "stance": "Hold",
   "initial_pct_nav": 0,
   "max_pct_nav": 0,
   "liquidity": "high",
   "quality_score": -130,
   "moat_score": 53,
   "margin_of_safety": -37,
   "factor_growth": null,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 4,
   "as_of": "2026-07-24",
   "config_version": "ros-1.1.0",
   "conviction_pctile": 2.6,
   "expected_return_pct_pctile": 6.4
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   "ticker": "JEF",
   "company": "Jefferies Financial Group Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 55.58,
   "conviction": 38.6,
   "conviction_ci": {
    "lo": 28.7,
    "hi": 48.4
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   "expected_return_pct": -2.3,
   "expected_return_diluted_pct": -2.3,
   "expected_cagr_pct": -2.3,
   "sharpe": -0.14,
   "downside_expectation_pct": -16,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "high",
   "quality_score": -41,
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   "margin_of_safety": -7.7,
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   "next_catalyst_type": "macro",
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   "config_version": "ros-1.1.0",
   "conviction_pctile": 2.6,
   "expected_return_pct_pctile": 39.5
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   "ticker": "LAD",
   "company": "Lithia Motors Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 334.02,
   "conviction": 38.3,
   "conviction_ci": {
    "lo": 27.9,
    "hi": 48.6
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   "expected_return_pct": -4.8,
   "expected_return_diluted_pct": -4.8,
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   "sharpe": -0.15,
   "downside_expectation_pct": -22.7,
   "stance": "Hold",
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   "margin_of_safety": -7.5,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 5,
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   "config_version": "ros-1.1.0",
   "conviction_pctile": 2.3,
   "expected_return_pct_pctile": 26.8
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   "ticker": "BAX",
   "company": "Baxter International Inc",
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   "rating": "HOLD",
   "price": 21.67,
   "conviction": 37.7,
   "conviction_ci": {
    "lo": 24.5,
    "hi": 51
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   "expected_return_pct": -6,
   "expected_return_diluted_pct": -6,
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   "sharpe": -0.2,
   "downside_expectation_pct": -18.6,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "margin_of_safety": -29.3,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
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   "config_version": "ros-1.1.0",
   "conviction_pctile": 2.2,
   "expected_return_pct_pctile": 21.5
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   "ticker": "ARE",
   "company": "Alexandria Real Estate Equities Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 50.12,
   "conviction": 37.4,
   "conviction_ci": {
    "lo": 24.5,
    "hi": 50.4
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   "expected_return_pct": 9.7,
   "expected_return_diluted_pct": 9.7,
   "expected_cagr_pct": 9.7,
   "sharpe": 0.1,
   "downside_expectation_pct": -13.3,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "medium",
   "quality_score": -11,
   "moat_score": 50,
   "margin_of_safety": 5.1,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
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   "config_version": "ros-1.1.0",
   "conviction_pctile": 2.1,
   "expected_return_pct_pctile": 89
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   "ticker": "AVTR",
   "company": "Avantor Inc",
   "sector": null,
   "rating": "HOLD",
   "price": 11.35,
   "conviction": 37.4,
   "conviction_ci": {
    "lo": 25.6,
    "hi": 49.2
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   "expected_return_pct": -6.3,
   "expected_return_diluted_pct": -6.3,
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   "sharpe": -0.2,
   "downside_expectation_pct": -17.8,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "quality_score": -8,
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   "margin_of_safety": -23.6,
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   "next_catalyst": "Quarterly earnings",
   "next_catalyst_type": "earnings",
   "next_catalyst_days": 5,
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   "config_version": "ros-1.1.0",
   "conviction_pctile": 2.1,
   "expected_return_pct_pctile": 20
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   "ticker": "GXO",
   "company": "GXO Logistics Inc",
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   "rating": "HOLD",
   "price": 52.57,
   "conviction": 37.4,
   "conviction_ci": {
    "lo": 26.7,
    "hi": 48.1
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   "expected_return_pct": 0.6,
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   "sharpe": -0.05,
   "downside_expectation_pct": -21.5,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "liquidity": "medium",
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   "margin_of_safety": -3.9,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
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   "conviction_pctile": 2.1,
   "expected_return_pct_pctile": 58.9
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   "ticker": "H",
   "company": "Hyatt Hotels Corporation",
   "sector": null,
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   "price": 183.62,
   "conviction": 37.4,
   "conviction_ci": {
    "lo": 27.2,
    "hi": 47.7
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   "expected_return_pct": -9.4,
   "expected_return_diluted_pct": -9.4,
   "expected_cagr_pct": -9.4,
   "sharpe": -0.32,
   "downside_expectation_pct": -19.6,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
   "max_pct_nav": 0.83,
   "liquidity": "high",
   "quality_score": -126,
   "moat_score": 50,
   "margin_of_safety": -28.8,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
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   "conviction_pctile": 2.1,
   "expected_return_pct_pctile": 10.8
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   "ticker": "PFGC",
   "company": "Performance Food Group Co",
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   "rating": "HOLD",
   "price": 110.31,
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   "conviction_ci": {
    "lo": 29.2,
    "hi": 45.5
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   "expected_return_pct": -0.1,
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   "downside_expectation_pct": -12.4,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "quality_score": 27,
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   "margin_of_safety": -19.9,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
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   "conviction_pctile": 2.1,
   "expected_return_pct_pctile": 53.2
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   "ticker": "PSKY",
   "company": "Paramount Skydance Corporation Class B Common Stock",
   "sector": null,
   "rating": "HOLD",
   "price": 8.49,
   "conviction": 37.3,
   "conviction_ci": {
    "lo": 24.3,
    "hi": 50.2
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   "expected_return_pct": 7,
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   "downside_expectation_pct": -19.1,
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   "initial_pct_nav": 0.5,
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   "quality_score": 3,
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   "margin_of_safety": -50,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
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   "conviction_pctile": 1.5,
   "expected_return_pct_pctile": 85.6
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   "ticker": "MOS",
   "company": "The Mosaic Company",
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   "rating": "SELL",
   "price": 22.28,
   "conviction": 37.1,
   "conviction_ci": {
    "lo": 27.4,
    "hi": 46.8
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   "expected_return_pct": -17.8,
   "expected_return_diluted_pct": -17.8,
   "expected_cagr_pct": -17.8,
   "sharpe": -0.21,
   "downside_expectation_pct": -32.4,
   "stance": "Hold",
   "initial_pct_nav": 0,
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   "quality_score": 39,
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   "margin_of_safety": -38.5,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
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   "conviction_pctile": 1.4,
   "expected_return_pct_pctile": 2.6
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   "ticker": "BC",
   "company": "Brunswick Corporation",
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   "rating": "HOLD",
   "price": 79.56,
   "conviction": 36.6,
   "conviction_ci": {
    "lo": 25.1,
    "hi": 48.1
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   "expected_return_pct": -2.2,
   "expected_return_diluted_pct": -2.2,
   "expected_cagr_pct": -2.2,
   "sharpe": -0.12,
   "downside_expectation_pct": -16,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "liquidity": "medium",
   "quality_score": -69,
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   "margin_of_safety": -25.5,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
   "next_catalyst_days": 5,
   "as_of": "2026-07-24",
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   "conviction_pctile": 1.3,
   "expected_return_pct_pctile": 39.9
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   "ticker": "F",
   "company": "Ford Motor Company",
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   "rating": "HOLD",
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   "conviction_ci": {
    "lo": 21.5,
    "hi": 50.5
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   "expected_return_pct": -8.7,
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   "stance": "Hold",
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   "quality_score": -37,
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   "margin_of_safety": -96.8,
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   "next_catalyst_days": 4,
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   "ticker": "FLR",
   "company": "Fluor Corporation",
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   "conviction": 35.9,
   "conviction_ci": {
    "lo": 26.7,
    "hi": 45.1
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   "expected_return_pct": -5.5,
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   "downside_expectation_pct": -17.3,
   "stance": "Hold",
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   "next_catalyst_type": "macro",
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   "as_of": "2026-07-24",
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   "conviction_pctile": 1.1,
   "expected_return_pct_pctile": 23.4
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   "ticker": "IP",
   "company": "International Paper",
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   "rating": "HOLD",
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   "conviction": 35.6,
   "conviction_ci": {
    "lo": 24.5,
    "hi": 46.7
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   "expected_return_pct": -7.3,
   "expected_return_diluted_pct": -7.3,
   "expected_cagr_pct": -7.3,
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   "stance": "Hold",
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   "liquidity": "high",
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   "margin_of_safety": -34.8,
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   "next_catalyst_type": "macro",
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   "as_of": "2026-07-24",
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   "expected_return_pct_pctile": 15.8
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   "ticker": "WCC",
   "company": "WESCO International Inc",
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   "rating": "HOLD",
   "price": 330.66,
   "conviction": 35.6,
   "conviction_ci": {
    "lo": 26.6,
    "hi": 44.6
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   "expected_return_pct": -4.8,
   "expected_return_diluted_pct": -4.8,
   "expected_cagr_pct": -4.8,
   "sharpe": -0.16,
   "downside_expectation_pct": -17,
   "stance": "Hold",
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   "quality_score": 11,
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   "margin_of_safety": -27.2,
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   "next_catalyst": "FOMC rate decision + press conference",
   "next_catalyst_type": "macro",
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   "as_of": "2026-07-24",
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   "expected_return_pct_pctile": 26.8
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   "ticker": "CAG",
   "company": "Conagra Brands, Inc.",
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   "conviction": 34.8,
   "conviction_ci": {
    "lo": 23.1,
    "hi": 46.5
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   "expected_return_pct": -8.2,
   "expected_return_diluted_pct": -8.2,
   "expected_cagr_pct": -8.2,
   "sharpe": -0.22,
   "downside_expectation_pct": -19.1,
   "stance": "Hold",
   "initial_pct_nav": 0.5,
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   "liquidity": "medium",
   "quality_score": 4,
   "moat_score": 49,
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 ]
}