Large-cap drawdowns with FCF
Query: US large-cap stocks trading more than 25% below their 52-week high with positive free cash flow · data as of 2026-10-06
Screened US large caps (≥$10B) trading >25% below their 52-week high with positive TTM free cash flow — 155 names matched. Built a deepest-discount-first table (top 45), a largest-market-cap secondary view (top 45), a sector drawdown heatmap, and a context note explaining the three drawdown archetypes (de-rated compounders, cyclical/rate-sensitive value, unwound story stocks) amid the AI-compute rotation. All 90 table comments enriched with qualitative setup/risk insight.
155 large-cap US companies (>= $10B) trade more than 25% below their 52-week high while still producing positive free cash flow. Deepest discounts cluster in Communication Services, Real Estate and Materials; Tech is the most crowded sector despite milder average drawdowns.
Why Are These Large Caps Off Their Highs?
As of October 6, 2026, 155 US companies with a market cap of at least $10B are trading more than 25% below their 52-week high while still generating positive trailing free cash flow — a classic value/drawdown setup where the market is pricing in secular de-rating rather than balance-sheet stress.
What the group looks like. The screen is dominated by Information Technology (45 names), Consumer Discretionary (31) and Industrials (22), but the drawdowns are sector-agnostic. The deepest discounts sit in Communication Services (avg -45%), Real Estate and Materials, while Information Technology — despite having the most names — averages a milder -36%, implying many of those are simply high-multiple growth names that got compressed rather than businesses in decline.
The three archetypes driving the discount.
- De-rated growth/compounder names — Applovin, Intuit, Netflix, Adobe, Costar, Figma, Nike: still highly cash-generative businesses whose multiples collapsed as the market questioned sustainability of prior growth rates or competitive moats.
- Cyclical and rate-sensitive value — Charter, Comcast, Fiserv, Northrop, Lowe's, Toyota, NXP/STM: dirt-cheap on earnings (many at single-digit forward P/E) but hostage to leverage, secular cord-cutting, or an industrial cycle that the market believes is late.
- Story stocks that unwound — Coinbase, Circle, Roblox, Bulls vs. Bears names in cannabis-of-the-moment crypto/fintech, where cash flow exists but the multiple had run far ahead of fundamentals.
The value angle. With the S&P 500 up roughly +18% over the past year and the 10-year Treasury yielding ~4.6%, capital has been funneled into AI compute and power infrastructure at the expense of everything that is not 'compute or electrons.' That rotation has left a wide cohort of profitable, cash-generating franchises trading at deep discounts to their own history — the classic hunting ground for mean-reversion value investors, provided the drawdown reflects multiple compression rather than terminal business erosion. The key screen for differentiating the two: sustained positive FCF, stable or improving margins, and a forward P/E well below the trailing P/E.
Deep Value Drawdowns — Cash-Generative Large Caps (>25% Below 52W High), Deepest Discount First
| Symbol | Company | Sector | Industry | Market Cap | % from 52W High | Free Cash Flow (TTM) | FCF Margin | Price | 1M Return | 6M Return | 1Y Return | % from 150D SMA | P/E (TTM) | Forward P/E | Momentum Potential | Technical Patterns | Comments |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FLUT | Flutter Entertainment plc | Consumer Discretionary | Gambling | 1.323e+10 | -69.78% | 1.079e+09 | 6.59% | 76.25 | -23.83% | -26.42% | -70.25% | -24.69% | — | 10.1 | 8.4 | Downtrend | Gambling platform (FanDuel, Paddy Power) — the sharp de-rating reflects regulatory/ tax-headwind fears and US sportsbook competitive pressure rather than cash generation, which remains healthy. Watch state-level tax hikes and promotional intensity as the swing factors. |
| FIG | Figma, Inc. | Information Technology | Software - Application | 1.169e+10 | -69.15% | 2.462e+08 | 23.32% | 21.93 | -9.08% | 3.49% | -58.65% | -2.38% | — | 61.23 | 82.6 | — | Recent IPO still trading far below its debut peak — the drawdown is multiple compression on a design-software franchise with strong margins but a very short public track record. Lockup expirations and post-IPO sentiment dominate near-term price action. |
| RBLX | Roblox Corporation Class A Common Stock | Communication Services | Electronic Gaming & Multimedia | 3.255e+10 | -67.12% | 1.355e+09 | 27.71% | 45.56 | 5.20% | -20.77% | -62.87% | -6.77% | — | — | 9.9 | Downward channel (70%), Downtrend | Roblox's cash generation is real but the market is questioning long-term engagement and monetization durability as AI-native gaming competition ramps. A steep drawdown on a still-premium multiple makes it a candidate for sharp re-ratings on any bookings beat. |
| CSGP | CoStar Group, Inc. | Real Estate | Real Estate Services | 1.12e+10 | -65.95% | 1.23e+08 | 3.79% | 27.63 | -10.61% | -30.02% | -67.42% | -17.79% | 153.5 | 16.01 | 1.7 | Downtrend | Real-estate data leader hit by commercial property weakness and slowing subscription growth; the discount reflects a cyclical, not structural, concern. A housing/commercial recovery would be a meaningful catalyst. |
| FISV | Fiserv, Inc. | Financials | Transaction & Payment Processing Services | 2.418e+10 | -64.35% | 4.299e+09 | 20.28% | 45.48 | -14.19% | -17.79% | -63.84% | -15.58% | 8.71 | 5.56 | 8.8 | Downtrend | Fiserv carries the lowest forward multiple in the screen — the collapse stems from merchant-clientele stress and fintech competition, but the cash machine keeps printing. Deep value if management stabilizes organic growth. |
| FICO | Fair Isaac Corporation | Information Technology | Software - Application | 1.502e+10 | -63.00% | 7.699e+08 | 38.67% | 695.46 | -25.40% | -35.73% | -62.42% | -37.09% | 20.16 | 13.11 | 46.3 | Downtrend | FICO's plunge is unusual for a near-monopoly scoring business — the drawdown reads as an overreaction to mortgage-volume sensitivity and regulatory noise around credit scoring. Cash generation and forward multiple are unusually attractive here. |
| APP | Applovin Corporation | Communication Services | Advertising Agencies | 9.365e+10 | -62.00% | 3.966e+09 | 72.37% | 278.78 | -13.03% | -32.08% | -59.17% | -34.22% | 21.44 | 13.28 | 86.2 | Downtrend | Applovin's huge FCF margin shows the ad-tech engine is intact; the drawdown is a violent sentiment reversal on ad-spending cyclicality and regulatory scrutiny of mobile advertising. High-beta, event-driven name. |
| CHTR | Charter Communications, Inc. | Communication Services | Telecom Services | 1.412e+10 | -61.58% | 4.418e+09 | 8.07% | 108.64 | -28.52% | -51.46% | -61.20% | -32.35% | 2.83 | 2.46 | 5 | Downtrend | Charter trades at a single-digit forward P/E as cord-cutting and broadband competition continue to erode the subscriber base. Classic deep-value-with-a-ticking-clock; FCF supports buybacks but the terminal-value debate caps the multiple. |
| BSX | Boston Scientific Corporation | Health Care | Medical Devices | 6.114e+10 | -59.81% | 3.658e+09 | 18.22% | 42.19 | -11.74% | -31.80% | -56.65% | -19.79% | 17.08 | 12.27 | 19.2 | Downtrend | Boston Scientific's drawdown looks more like a medical-device sector de-rating than company-specific deterioration — strong FCF and a solid pipeline. Watch for guidance cuts or a competitor/product issue as the risk. |
| INTU | Intuit Inc. | Information Technology | Software - Application | 7.745e+10 | -57.59% | 6.123e+09 | 32.52% | 289.81 | -12.89% | -28.82% | -56.90% | -15.75% | 17.67 | 10.62 | 43.4 | Downtrend | Intuit's multiple compressed hard on AI-disruption fears for its tax/accounting moat. The franchise remains one of the highest-quality in software — the discount reflects duration risk in a high-rate world, not eroding economics. |
| IESC | IES Holdings, Inc. - Common Stock | Industrials | Engineering & Construction | 1.362e+10 | -56.94% | 2.815e+08 | 8.35% | 341.845 | 5.98% | 39.83% | 75.80% | 9.09% | 22.76 | — | 96.8 | Uptrend | Rare name in this screen that is actually in an uptrend — electrical/industrial contractor levered to data-center and power buildout. The 'drawdown' reflects a prior speculative spike cooling off while the underlying order book stays strong. |
| MNST | Monster Beverage Corporation | Consumer Staples | Beverages - Non-Alcoholic | 8.473e+10 | -56.72% | 1.966e+09 | 23.70% | 43.25 | -1.30% | 16.64% | 28.00% | 0.07% | 40.05 | 33.07 | 79.6 | — | Monster's drawdown is striking for a staples stalwart — pricing power and international expansion remain intact, so this looks like a valuation reset plus energy-drink category-share worry. Defensive cash-generative profile. |
| LULU | lululemon athletica inc. | Consumer Discretionary | Apparel Retail | 1.036e+10 | -56.64% | 9.217e+08 | 8.30% | 93.61 | -6.96% | -39.08% | -46.69% | -26.69% | 7.58 | 8.32 | 5.5 | Downtrend | lululemon's collapse is a genuine brand-momentum problem, not just multiple compression — North America comps and full-price selling have weakened. Cheap on forward earnings, but the turnaround is unproven. |
| HUBS | HubSpot, Inc. | Information Technology | Software - Application | 1.111e+10 | -56.11% | 7.076e+08 | 22.60% | 217.09 | -12.32% | -4.62% | -51.96% | -2.73% | 77.26 | 13.1 | 33.8 | — | HubSpot de-rated as CRM/software demand slows and AI-native competitors threaten seat-based pricing models. Strong FCF margin makes it a potential take-private or strategic target if the multiple stays depressed. |
| CPNG | Coupang, Inc. | Consumer Discretionary | Internet Retail | 2.592e+10 | -55.59% | 5.22e+08 | 1.51% | 14.42 | -5.69% | -24.86% | -55.44% | -16.23% | 131.09 | 53.58 | 9.7 | Downtrend | Coupang's drawdown is Korea-macro and margin-investment driven — the core commerce business is cash-generative and the forward multiple is far below the trailing, implying expected earnings acceleration. |
| QXO | QXO, Inc. | Industrials | Industrial Distribution | 1.256e+10 | -55.26% | 2.613e+08 | 3.82% | 12.11 | -9.29% | -35.65% | -40.14% | -27.11% | — | 18.77 | 80.7 | Downward channel (64%), Downtrend | QXO is a post-SPAC acquisition vehicle with an aggressive roll-up strategy — the drawdown reflects integration/deleveraging risk and skepticism about the multi-billion dealmaking pace. Cash flow is thin relative to the ambition. |
| ALNY | Alnylam Pharmaceuticals, Inc. | Health Care | Biotechnology | 2.997e+10 | -54.41% | 4.654e+08 | 12.53% | 223.94 | -15.85% | -29.91% | -50.93% | -20.51% | 39.01 | 17.79 | 32.7 | Downtrend | Alnylam's RNAi platform is scientifically validated but the stock sold off with the broader biotech unwind. FCF-positive biotech at a deep discount is rare — pipeline readouts are the binary catalysts. |
| ROL | Rollins, Inc. | Consumer Discretionary | Personal Services | 1.46e+10 | -53.73% | 6.5e+08 | 17.28% | 30.35 | -15.37% | -43.01% | -47.55% | -32.63% | 27.59 | 23.27 | 18.3 | Downtrend | Rollins is a highly durable pest-control compounder and its drawdown looks like profit-taking from a premium valuation. Consistent recurring revenue makes it a defensive-quality candidate on weakness. |
| COIN | Coinbase Global, Inc. | Financials | Financial Data & Stock Exchanges | 4.901e+10 | -52.04% | 2.423e+09 | 33.75% | 185.74 | 0.60% | 6.03% | -51.12% | 4.53% | 41.74 | 61.55 | 65.3 | — | Coinbase's earnings are levered to crypto trading volumes and token prices — cash flow is real but highly cyclical. The drawdown tracks the crypto cycle more than any change in the business model. |
| ZTS | Zoetis Inc. | Health Care | Drug Manufacturers - Specialty & Generic | 2.948e+10 | -51.65% | 2.283e+09 | 24.12% | 71.33 | -5.91% | -38.24% | -50.35% | -18.86% | 11.64 | 10.73 | 3 | Downtrend | Zoetis remains the leading animal-health franchise; the de-rating reflects pet-care spending normalization and competitive pressure in dermatology. A defensive, cash-generative name trading well below its own history. |
| TCOM | Trip.com Group Limited | Consumer Discretionary | Travel Services | 2.483e+10 | -51.55% | 1.945e+09 | 21.79% | 38.26 | -6.75% | -23.82% | -47.82% | -18.21% | 5.7 | 9.04 | 29.8 | Downtrend | Trip.com's discount is China-consumer-travel and macro sentiment, not operational weakness — international travel growth has been a bright spot. Single-digit forward P/E with strong FCF makes it a China-beta value play. |
| NKE | Nike, Inc. | Consumer Discretionary | Footwear & Accessories | 5.141e+10 | -51.37% | 2.184e+09 | 4.71% | 34.61 | -9.87% | -17.33% | -50.30% | -19.34% | 16.48 | 15.07 | 5.5 | Downtrend | Nike's drawdown reflects a genuine multi-year brand reset — competition from On/Deckers and weak wholesale. Turnaround under new direction is the catalyst; low forward multiple already prices a lot of pessimism. |
| FIS | Fidelity National Information S | Information Technology | Information Technology Services | 1.723e+10 | -51.26% | 4.181e+09 | 39.16% | 33.42 | -19.30% | -26.01% | -47.99% | -20.35% | 5.13 | 4.99 | 16.5 | Downtrend | FIS de-rated alongside Fiserv as the payments-processing complex got repriced on fintech competition and bank-client pressure. Cash-generation remains robust; a peer recovery would lift the whole group. |
| ALB | Albemarle Corporation | Materials | Specialty Chemicals | 1.255e+10 | -50.68% | 6.925e+08 | 13.46% | 106.35 | -15.50% | -38.35% | 21.93% | -29.30% | — | 9.25 | 26.1 | Downtrend | Albemarle is levered to lithium prices — the drawdown is a commodity-cycle story, not a solvency one, with positive FCF and a forward multiple implying earnings recovery. Global EV demand is the swing factor. |
| SE | Sea Limited | Consumer Discretionary | Internet Retail | 5.912e+10 | -49.90% | 4.511e+09 | 19.66% | 96.53 | -13.88% | 18.65% | -47.80% | -0.48% | 37.27 | 18.78 | 88.9 | — | Sea Limited's discount spans Southeast Asian e-commerce, fintech and gaming — three different growth engines under one roof. High momentum score and strong FCF suggest the market has at least partially re-rated the franchise. |
| SYM | Symbotic Inc. | Industrials | Specialty Industrial Machinery | 2.673e+10 | -49.43% | 8.247e+08 | 36.70% | 44.15 | 2.82% | -14.40% | -30.03% | -6.14% | — | 57 | 68.2 | Downtrend | Symbotic is warehouse-automation for Walmart and others — the drawdown reflects customer-concentration and deployment-timing risk on a still-premium multiple. Robotics capex cycle is the long-term lever. |
| AA | Alcoa Corporation | Materials | Aluminum | 1.139e+10 | -48.48% | 5.67e+08 | 4.42% | 43.17 | -13.61% | -40.62% | 26.12% | -24.57% | 8.98 | 7.44 | 31.4 | Downtrend | Alcoa is a pure aluminum-price and energy-cost play; the de-rating tracks commodity deflation and tariffs/smelt-capacity moves. Deeply cyclical but generating cash, making it a leveraged bet on a metals recovery. |
| MTZ | MasTec, Inc. | Industrials | Engineering & Construction | 1.833e+10 | -47.82% | 4.74e+08 | 3.31% | 228.3 | -3.75% | -32.49% | 5.79% | -29.64% | 36.41 | 18.28 | 22.4 | Downtrend | MasTec is infrastructure/utility and pipeline construction — the drawdown looks like cyclical-fear driven despite a record backlog tied to grid and clean-energy buildout. Selling/fixed-margin risk is the watch item. |
| LVS | Las Vegas Sands Corp. | Consumer Discretionary | Resorts & Casinos | 2.352e+10 | -47.75% | 1.855e+09 | 14.25% | 36.31 | -18.17% | -31.96% | -27.22% | -24.83% | 14.07 | 10.31 | 7.4 | Downtrend | Las Vegas Sands is a Macau/singapore gaming recovery story — the discount reflects China-macro and visitation fears more than the operating trajectory. Cash-generative, dividend-reinstating value name. |
| OWL | Blue Owl Capital Inc. | Financials | Asset Management | 1.421e+10 | -47.18% | 1.198e+09 | 41.75% | 9.07 | -22.81% | 11.71% | -39.82% | -6.30% | 75.58 | 9.17 | 76.6 | — | Blue Owl is an alternative-asset manager whose stock trades at a premium trailing multiple but a low forward — the drawdown reflects credit-market and private-credit spread anxiety. Fee-related earnings are sticky but sentiment is rate-sensitive. |
| HL | Hecla Mining Company | Materials | Other Precious Metals & Mining | 1.07e+10 | -46.24% | 3.102e+08 | 21.80% | 17.1 | -17.31% | -11.59% | 43.83% | -3.82% | 20.6 | 16.07 | 91 | — | Hecla is a silver/gold miner whose drawdown tracks the sharp reversal in precious-metals miners this month. Positive FCF and high momentum score make it a leveraged bet on a metals-price rebound. |
| WDC | Western Digital Corporation | Information Technology | Computer Hardware | 1.482e+11 | -44.92% | 1.279e+09 | 13.43% | 411.04 | -12.04% | 31.84% | 213.61% | -10.04% | 15.26 | 12.95 | 93.5 | — | Western Digital has been one of the best-performing large caps in the market on the storage cycle, yet still screens below its high — the drawdown is a de-rating from an extreme peak. Cash flow muted relative to market cap after the run. |
| AXON | Axon Enterprise, Inc. | Industrials | Aerospace & Defense | 3.401e+10 | -44.88% | 7.508e+07 | 2.70% | 418.62 | -18.82% | 12.27% | -41.49% | -12.95% | 172.98 | 39.64 | 30 | — | Axon's de-rating reflects a premium multiple built on Taser/drone/software growth meeting scrutiny on valuation. Still highly cash-light on FCF relative to price, so the multiple has to earn itself. |
| NFLX | Netflix, Inc. | Communication Services | Entertainment | 2.86e+11 | -44.67% | 9.461e+09 | 20.94% | 68.69 | -12.22% | -30.49% | -40.44% | -17.16% | 21.6 | 17.97 | 60.5 | Downtrend | Netflix's drawdown is a stark sentiment reversal for a business that still generates $9B+ of FCF — likely an ad-tier/content-cost multiple reset. A big-cap value candidate if subscriber and margin momentum holds. |
| CRCL | Circle Internet Group, Inc. | Financials | Capital Markets | 2.136e+10 | -44.09% | 5.297e+08 | 19.29% | 84.13 | -17.56% | -10.61% | -42.29% | -6.82% | 16.86 | 52.85 | 54.5 | — | Circle's stablecoin economics depend on interest rates and reserve income; the drawdown reflects rate-cut expectations and crypto-cycle risk. Newly public, so valuation anchors are still forming. |
| NRG | NRG Energy, Inc. | Utilities | Utilities - Independent Power Producers | 2.178e+10 | -43.70% | 7.66e+08 | 2.49% | 103.6 | -12.96% | -31.87% | -36.93% | -22.36% | 26.98 | 9.25 | 9 | Downtrend | NRG is a merchant-power name caught in the dispersion between data-center-backed power and regulated utilities. The discount is cyclical fear in an otherwise structurally supported power-demand story. |
| NXT | Nextpower Inc. | Information Technology | Solar | 1.353e+10 | -43.68% | 5.136e+08 | 14.43% | 88.09 | 4.25% | -19.32% | 14.21% | -18.93% | 22.76 | 15.25 | 48.9 | Downtrend | Solar/residential-power exposure has been hammered by rates and policy uncertainty; the drawdown is sector-driven. Cash generation and forward multiple suggest the market is pricing a full negative scenario. |
| DKS | Dick's Sporting Goods Inc | Consumer Discretionary | Specialty Retail | 1.329e+10 | -43.60% | 4.002e+08 | 2.32% | 134.88 | -2.15% | -31.66% | -40.11% | -30.34% | 13.13 | 8.25 | 15.3 | Downtrend | Dick's is a consumer-discretionary bellwether — the de-rating reflects cautious discretionary spending and margin pressure from promotions. Low forward multiple means the bar is set low. |
| FSLR | First Solar, Inc. | Information Technology | Solar | 1.932e+10 | -43.50% | 1.187e+09 | 22.75% | 179.8 | -12.06% | -6.51% | -21.87% | -17.45% | 18.37 | 7.79 | 60.3 | Downtrend | First Solar's drawdown reflects policy/IRA-credit uncertainty and panel-pricing fears despite a strong FCF position. The forward P/E near single digits is deeply pessimistic on the solar cycle. |
| AMRZ | Amrize Ltd | Materials | Building Materials | 2.039e+10 | -43.40% | 1.42e+09 | 12.02% | 37.28 | -14.92% | -31.60% | -22.23% | -26.05% | 16.72 | 12.27 | 8.3 | Downtrend | Construction-materials spin-off exposed to European and US building cycles — the drawdown reflects volume weakness and integration concerns. Solid cash generation makes it a cyclical recovery candidate. |
| STRL | Sterling Infrastructure, Inc. | Industrials | Engineering & Construction | 1.724e+10 | -43.28% | 3.627e+08 | 14.57% | 563.69 | 15.87% | 47.48% | 61.38% | -6.01% | 40.64 | 22.3 | 48 | Downtrend | Sterling Infrastructure is a data-center/e-commerce civil-construction play that sold off from a euphoric peak — the drawdown has not stopped it from posting large trailing gains. Momentum score and FCF remain supportive. |
| PDD | PDD Holdings Inc. | Consumer Discretionary | Internet Retail | 1.116e+11 | -43.24% | 1.529e+10 | 24.75% | 78.4 | -4.63% | -21.24% | -41.60% | -12.51% | 8.2 | 6.4 | 70 | Downtrend | PDD's discount is a China-risk and regulatory/competitive-sentiment story — the single-digit forward P/E on a fast-growing commerce platform is one of the widest value gaps in the screen. Temu's expansion is the wildcard. |
| PINS | Pinterest, Inc. | Communication Services | Internet Content & Information | 1.134e+10 | -43.16% | 1.252e+09 | 29.65% | 20.03 | -1.81% | 10.05% | -37.31% | -3.09% | 58.91 | 8.34 | 64 | — | Pinterest de-rated on advertising-industry cyclicality and AI-search disruption fears for its discovery model. Cash-generative and asset-light, with forward P/E implying an earnings inflection the market doubts. |
| AMKR | Amkor Technology, Inc. | Information Technology | Semiconductor Equipment & Materials | 1.326e+10 | -42.93% | 1.91e+08 | 2.85% | 53.39 | 11.76% | 12.45% | 82.99% | -11.81% | 23.94 | 18.92 | 7.7 | Downtrend | Amkor is outsourced semiconductor packaging/assembly — a picks-and-shovels beneficiary of AI compute that still trades below its high after the sector's rally. Cyclical-levered, with cautious FCF relative to price. |
| TSCO | Tractor Supply Company | Consumer Discretionary | Specialty Retail | 1.682e+10 | -42.72% | 7.405e+08 | 4.77% | 32.29 | -7.72% | -24.89% | -40.77% | -8.11% | 16.82 | 15.74 | 6.9 | Downtrend | Tractor Supply is a rural-retail staple hit by consumer-caution and big-ticket deferrals; the drawdown looks more sentiment than structural. Consistent cash generation supports the case for patient value buyers. |
Secondary View — Same Screen, Ranked by Largest Market Cap
| Symbol | Company | Sector | Industry | Market Cap | % from 52W High | Free Cash Flow (TTM) | FCF Margin | Price | 1M Return | 6M Return | 1Y Return | % from 150D SMA | P/E (TTM) | Forward P/E | Momentum Potential | Technical Patterns | Comments |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AMAT | Applied Materials, Inc. | Information Technology | Semiconductor Equipment & Materials | 4.208e+11 | -26.66% | 5.698e+09 | 20.09% | 530.27 | 16.62% | 50.01% | 145.12% | 13.45% | 45.83 | 28.91 | 61.4 | Uptrend | Applied Materials is the largest name in the screen yet still 26% off its high — the drawdown signals the market questioning peak semicap-spending durability even as the AI capex cycle runs hot. A leadership-position value entry if the cycle extends. |
| ARM | Arm Holdings plc | Information Technology | Semiconductors | 3.231e+11 | -31.15% | 9.79e+08 | 19.90% | 302.56 | 20.02% | 110.32% | 98.22% | 20.31% | 305.62 | 98.93 | 91.8 | Uptrend | Arm carries an extraordinary trailing multiple despite the drawdown — the stock is a royalty on AI/edge compute adoption, so the discount is valuation-driven rather than fundamental. High-expectation name with real risk both ways. |
| NFLX | Netflix, Inc. | Communication Services | Entertainment | 2.86e+11 | -44.67% | 9.461e+09 | 20.94% | 68.69 | -12.22% | -30.49% | -40.44% | -17.16% | 21.6 | 17.97 | 60.5 | Downtrend | Netflix is one of the largest drawdown names and still produces enormous free cash flow — a rare mega-cap value setup tied to ad-tier/content-cost multiple compression. |
| KLAC | KLA Corporation | Information Technology | Semiconductor Equipment & Materials | 2.577e+11 | -34.55% | 3.767e+09 | 27.74% | 197.46 | 6.39% | 27.80% | 80.22% | 3.71% | 53.95 | 29.9 | 39.6 | — | KLA gives thick margins and strong FCF at a deep discount to its high — process-control semicap is a high-quality compounder wrapped in a cyclical-multiple debate. |
| TM | Toyota Motor Corporation | Consumer Discretionary | Auto Manufacturers | 2.197e+11 | -25.26% | 1.383e+10 | 4.54% | 185.57 | -5.85% | -8.88% | -4.64% | -3.18% | 8.41 | 11.76 | 24.2 | Downtrend | Toyota trades at a single-digit forward P/E as tariff/currency and EV-transition uncertainties dominate sentiment. Cash-rich balance sheet and a deeply discounted multiple make it one of the cheapest global auto majors. |
| IBM | International Business Machines | Information Technology | Information Technology Services | 2.085e+11 | -32.79% | 1.21e+10 | 17.92% | 221.29 | -5.79% | -8.39% | -21.27% | -8.77% | 19.65 | 16.81 | 29.9 | Downtrend | IBM's drawdown reflects slow-growth/budget-pressure sentiment despite steady FCF and a dividend — a classic defensive large-cap value name trading below its own recent history. |
| STX | Seagate Technology Holdings PLC | Information Technology | Computer Hardware | 1.832e+11 | -26.36% | 8.18e+08 | 8.99% | 805.63 | -5.06% | 72.14% | 220.57% | 6.82% | 57.88 | 14.55 | 91.2 | Uptrend | Seagate has ridden the storage/AI cycle to enormous gains, yet still screens below its high — the drawdown is an extreme-peak de-rating, not a business problem. High momentum score but watch HDD-to-flash transitions. |
| TMUS | T-Mobile US, Inc. | Communication Services | Telecom Services | 1.78e+11 | -27.88% | 1.8e+10 | 20.38% | 165.93 | -8.59% | -16.33% | -26.42% | -10.86% | 17.36 | 11.49 | 14 | Downward channel (24%), Downtrend | T-Mobile's discount reflects telecom-competition and slower net-add fears despite best-in-class margins and huge FCF. The downward channel urges patience on timing. |
| ABT | Abbott Laboratories | Health Care | Medical Devices | 1.699e+11 | -26.89% | 7.395e+09 | 16.68% | 98.16 | -9.39% | -2.31% | -25.38% | -0.55% | 31.77 | 16.19 | 37.5 | — | Abbott is a diversified medtech/health name caught in the sector's de-rating — the drawdown looks sentiment-driven, with steady FCF and a pandemic-lineup hangover finally fading. |
| MCD | McDonald's Corporation | Consumer Discretionary | Restaurants | 1.645e+11 | -31.84% | 7.186e+09 | 26.73% | 232.45 | -9.09% | -22.69% | -20.78% | -16.08% | 18.88 | 16.61 | 13.8 | Downtrend | McDonald's discount reflects a consumer-spending and margin question at one of the most durable franchises on earth. Real-estate-backed, cash-generative, and trading below its own recent multiple. |
| WDC | Western Digital Corporation | Information Technology | Computer Hardware | 1.482e+11 | -44.92% | 1.279e+09 | 13.43% | 411.04 | -12.04% | 31.84% | 213.61% | -10.04% | 15.26 | 12.95 | 93.5 | — | Western Digital sits at the center of the storage supercycle yet has fallen from an extreme peak — the FCF-to-market-cap ratio is thin after the run, so the multiple is doing the work. High momentum score. |
| NOW | ServiceNow, Inc. | Information Technology | Software - Application | 1.426e+11 | -27.10% | 4.576e+09 | 34.46% | 137.97 | -2.33% | 37.22% | -24.39% | 23.27% | 86.23 | 27.56 | 71.7 | Uptrend | ServiceNow de-rated with the software complex on AI-disruption and seat-growth fears, though the platform remains a mission-critical enterprise tool. Strong FCF and an uptrend flag make it a relative-quality candidate. |
| UBER | Uber Technologies, Inc. | Information Technology | Software - Application | 1.411e+11 | -30.99% | 9.763e+09 | 18.77% | 69.08 | -8.82% | -3.69% | -28.49% | -5.60% | 15.15 | 15.75 | 69.1 | Downtrend | Uber's drawdown reflects autonomy/robotaxi disruption fears that threaten its driver-network moat despite robust cash generation. The debate is terminal-value, not near-term earnings. |
| BX | Blackstone Inc. | Financials | Asset Management | 1.355e+11 | -32.08% | 4.547e+09 | 31.47% | 113.36 | -16.74% | 2.53% | -29.97% | -7.11% | 25.36 | 15.13 | 85.9 | — | Blackstone trades below its high on credit-market and private-mark-to-market anxiety — the alternative-asset manager's fee engine is intact and dry powder is large if valuations reset. |
| BKNG | Booking Holdings Inc. Common St | Consumer Discretionary | Travel Services | 1.184e+11 | -28.25% | 9.087e+09 | 33.76% | 157.63 | -18.25% | -8.65% | -26.60% | -11.13% | 17.51 | 12.74 | 90.8 | — | Booking Holdings remains a cash-generative travel monopoly trading at a discount to its history — the drawdown reflects travel-demand cyclicality and AI-search disruption fear. |
| ACN | Accenture plc | Information Technology | Information Technology Services | 1.183e+11 | -32.97% | 1.087e+10 | 15.61% | 193.4 | 3.58% | 0.04% | -19.54% | 10.87% | 15.45 | 13.18 | 57.5 | — | Accenture de-rated on IT-services budget pressure and AI-cannibalization fears despite strong FCF and an uptrend. Consulting demand is the swing factor for a re-rating. |
| HDB | HDFC Bank Limited | Financials | Banks - Regional | 1.152e+11 | -39.70% | 1.322e+10 | 51.56% | 22.42 | -3.28% | -12.11% | -34.54% | -9.37% | 15.57 | 15.73 | 20.4 | Downtrend | HDFC Bank's drawdown is macro/India-equity and rate-cycle driven rather than an asset-quality problem — a high-quality franchise at a premium-free valuation entry. |
| PDD | PDD Holdings Inc. | Consumer Discretionary | Internet Retail | 1.116e+11 | -43.24% | 1.529e+10 | 24.75% | 78.4 | -4.63% | -21.24% | -41.60% | -12.51% | 8.2 | 6.4 | 70 | Downtrend | PDD is one of the widest value gaps among large caps — a single-digit forward multiple on a growing China commerce platform, with Temu's global expansion the key optionality. |
| SYK | Stryker Corporation | Health Care | Medical Devices | 1.067e+11 | -28.36% | 4.283e+09 | 17.05% | 278.2 | -7.93% | -15.73% | -24.08% | -12.08% | 28.86 | 16.6 | 34.2 | Downtrend | Stryker's discount is a medtech sector de-rating, with strong FCF and a solid orthopedic/robotics pipeline intact. Sector sentiment is the near-term headwind. |
| CEG | Constellation Energy Corporation - Common Stock When-Issued | Utilities | Utilities - Independent Power Producers | 1.064e+11 | -25.63% | 1.288e+09 | 5.04% | 300.4 | 0.48% | 10.55% | -16.09% | 8.09% | 29.39 | 22.63 | 54.9 | — | Constellation Energy is caught in the dispersion between data-center-backed merchant power and regulated utilities — the drawdown is sentiment even as nuclear/PJM offtake demand remains structurally strong. |
| LOW | Lowe's Companies, Inc. | Consumer Discretionary | Home Improvement Retail | 1.03e+11 | -36.09% | 7.651e+09 | 8.87% | 183.67 | -10.16% | -19.83% | -23.91% | -15.79% | 15.51 | 13.76 | 13.7 | Downward channel (12%), Downtrend | Lowe's trades at a discounted multiple as home-improvement demand normalizes post-COVID and housing turnover stays frozen. Rate cuts would be the primary catalyst for the category. |
| VRT | Vertiv Holdings, LLC | Industrials | Electrical Equipment & Parts | 9.746e+10 | -32.72% | 1.894e+09 | 18.51% | 253.14 | -9.74% | -3.45% | 58.18% | -12.25% | 57.27 | 27.82 | 72.4 | Downward channel (55%), Downtrend | Vertiv is a data-center power/cooling leader that pulled back from an extreme peak — the drawdown is a de-rating, not a demand issue, with AI-facility buildout still accelerating. High-beta AI-infrastructure exposure. |
| APP | Applovin Corporation | Communication Services | Advertising Agencies | 9.365e+10 | -62.00% | 3.966e+09 | 72.37% | 278.78 | -13.03% | -32.08% | -59.17% | -34.22% | 21.44 | 13.28 | 86.2 | Downtrend | Applovin sits deep in drawdown despite massive FCF margins — an ad-tech sentiment reversal with regulatory and cyclical overhangs. |
| ADBE | Adobe Inc. | Information Technology | Software - Application | 9.268e+10 | -33.84% | 9.852e+09 | 41.45% | 238.12 | -10.65% | -0.84% | -31.33% | -2.90% | 13.63 | 8.66 | 77.8 | — | Adobe's de-rating is the market's AI-disruption verdict on creative software, though FCF margins remain exceptional and the forward multiple is now well below its own history. |
| MNST | Monster Beverage Corporation | Consumer Staples | Beverages - Non-Alcoholic | 8.473e+10 | -56.72% | 1.966e+09 | 23.70% | 43.25 | -1.30% | 16.64% | 28.00% | 0.07% | 40.05 | 33.07 | 79.6 | — | Monster is an unusual large-cap staples drawdown — defensive, cash-generative, and now trading at a reasonable multiple if category growth holds. |
| DASH | DoorDash, Inc. | Consumer Discretionary | Internet Retail | 8.39e+10 | -31.28% | 2.174e+09 | 15.85% | 193.62 | -8.55% | 24.19% | -28.61% | 6.82% | 101.91 | 24.39 | 72.3 | — | DoorDash de-rated on delivery-margin and autonomy-cost fears despite strong trailing momentum — the market is questioning the durability of its food-delivery economics. |
| KKR | KKR & Co. Inc. | Financials | Asset Management | 8.374e+10 | -36.49% | 2.832e+08 | 1.45% | 90.67 | -15.84% | 0.30% | -28.45% | -7.32% | 28.97 | 12.27 | 43.9 | — | KKR's discount reflects credit-market and realization anxiety across the alternative-asset complex — fee-related earnings remain intact and dry powder is a latent catalyst. |
| INTU | Intuit Inc. | Information Technology | Software - Application | 7.745e+10 | -57.59% | 6.123e+09 | 32.52% | 289.81 | -12.89% | -28.82% | -56.90% | -15.75% | 17.67 | 10.62 | 43.4 | Downtrend | Intuit is one of the highest-quality franchises in this screen and its discount reflects duration risk in a high-rate world — a strong candidate for long-term compounding at a discounted price. |
| CMCSA | Comcast Corporation | Communication Services | Telecom Services | 7.651e+10 | -33.62% | 2.189e+10 | 17.70% | 21.56 | -18.61% | -21.36% | -22.76% | -15.22% | 6.91 | 5.95 | 14.1 | Downtrend | Comcast trades at a very low forward multiple as cord-cutting and broadband competition pressure the base — buybacks and FCF support value, but the terminal-value debate caps any re-rating. |
| CMI | Cummins Inc. | Industrials | Specialty Industrial Machinery | 7.369e+10 | -26.43% | 2.386e+09 | 7.09% | 535.31 | -4.54% | -3.20% | 25.49% | -12.78% | 27.37 | 15.47 | 50.3 | Downtrend | Cummins de-rated on truck-cycle and power-generation transition uncertainty, with a strong FCF profile and dividend backing the value case. |
| CVNA | Carvana Co. | Consumer Discretionary | Auto & Truck Dealerships | 7.081e+10 | -33.24% | 8.89e+08 | 4.37% | 63.88 | -14.36% | -0.26% | -14.99% | -6.46% | 33.8 | 28.31 | 88.2 | — | Carvana's drawdown follows a spectacular multi-year run — the market is testing whether its used-car margin recovery is durable. High momentum score, high risk. |
| STM | STMicroelectronics N.V. | Information Technology | Semiconductors | 6.967e+10 | -26.52% | 1.118e+09 | 9.47% | 58.72 | 12.60% | 65.05% | 105.83% | 8.20% | 115.14 | 23.03 | 4.2 | — | STMicro is a cyclical analog/microcontroller play caught in the semiconductor inventory-correction narrative despite an uptrend flag — a rate-sensitive beta on an auto/industrial chip recovery. |
| NOC | Northrop Grumman Corporation | Industrials | Aerospace & Defense | 6.863e+10 | -37.10% | 3.307e+09 | 7.88% | 483.11 | -6.19% | -29.73% | -19.81% | -16.02% | 15.36 | 15.87 | 8.2 | Downtrend | Northrop's drawdown is defense-budget and program-execution driven, trading at a modest multiple with steady FCF — a defensive value name if defense-spending fears are overdone. |
| CIEN | Ciena Corporation | Information Technology | Communication Equipment | 6.291e+10 | -29.24% | 6.653e+08 | 13.95% | 443.65 | 38.21% | -0.94% | 192.93% | 1.98% | 147.88 | 46.03 | 56.9 | Downward channel (100%) | Ciena has been one of the market's best momentum names on AI-optical demand, yet sits 29% below its high after a violent reversal — high-beta infrastructure exposure with concentrated customer risk. |
| NXPI | NXP Semiconductors N.V. | Information Technology | Semiconductors | 6.162e+10 | -26.54% | 2.423e+09 | 19.75% | 244.38 | 7.74% | 26.24% | 8.65% | -1.88% | 48.58 | 13.51 | 35.5 | Downtrend | NXP's drawdown reflects auto/industrial chip softness and China exposure — a cyclical value name with a decent forward multiple for a semi franchise. |
| BSX | Boston Scientific Corporation | Health Care | Medical Devices | 6.114e+10 | -59.81% | 3.658e+09 | 18.22% | 42.19 | -11.74% | -31.80% | -56.65% | -19.79% | 17.08 | 12.27 | 19.2 | Downtrend | Boston Scientific's steep drawdown looks like a sector-wide medtech de-rating rather than a company problem, with strong FCF and pipeline intact. |
| SE | Sea Limited | Consumer Discretionary | Internet Retail | 5.912e+10 | -49.90% | 4.511e+09 | 19.66% | 96.53 | -13.88% | 18.65% | -47.80% | -0.48% | 37.27 | 18.78 | 88.9 | — | Sea Limited's discount masks three separately-growing engines — e-commerce, fintech and gaming — with strong FCF and a high momentum score suggesting a partial re-rating is underway. |
| AJG | Arthur J. Gallagher & Co. | Financials | Insurance Brokers | 5.892e+10 | -25.81% | 1.712e+09 | 12.28% | 229.85 | -12.27% | 6.28% | -25.10% | 0.55% | 38.05 | 15.44 | 25.3 | — | Gallagher is a high-quality insurance broker de-rated on premium-rate-cycle peak fears — fee-based, non-underwriting risk, and a solid cash generator on weakness. |
| AON | Aon plc | Financials | Insurance Brokers | 5.812e+10 | -28.14% | 3.218e+09 | 18.73% | 273.99 | -15.20% | -14.62% | -24.32% | -16.33% | 15.09 | 12.84 | 40.8 | Downtrend | Aon's discount is a broker-sector multiple reset rather than a franchise issue — defensive, fee-based cash generation supports patient accumulation. |
| CRH | CRH PLC | Materials | Building Materials | 5.562e+10 | -36.37% | 2.912e+09 | 7.78% | 83.6 | -11.31% | -20.43% | -29.53% | -18.04% | 14.77 | 12.64 | 21.2 | Downtrend | CRH is a building-materials cyclical hurt by volume weakness and rate sensitivity — the drawdown looks macro, not structural, with infrastructure spending as a latent tailwind. |
| NKE | Nike, Inc. | Consumer Discretionary | Footwear & Accessories | 5.141e+10 | -51.37% | 2.184e+09 | 4.71% | 34.61 | -9.87% | -17.33% | -50.30% | -19.34% | 16.48 | 15.07 | 5.5 | Downtrend | Nike's steep drawdown reflects a genuine brand reset — cheap on forward earnings but the turnaround is unproven and competitive pressure is real. |
| COIN | Coinbase Global, Inc. | Financials | Financial Data & Stock Exchanges | 4.901e+10 | -52.04% | 2.423e+09 | 33.75% | 185.74 | 0.60% | 6.03% | -51.12% | 4.53% | 41.74 | 61.55 | 65.3 | — | Coinbase is a levered bet on crypto activity — real cash flow but highly cyclical, making the drawdown a function of the crypto cycle more than the business. |
| ADSK | Autodesk, Inc. | Information Technology | Software - Application | 4.834e+10 | -28.49% | 2.409e+09 | 33.43% | 231.28 | 6.14% | -1.57% | -27.48% | 0.27% | 33.71 | 16.26 | 85 | — | Autodesk de-rated alongside the software complex on AI-disruption and slower-seat-growth fears, though subscription cash flow and a strong momentum score suggest relative resilience. |
| MDLN | Medline Inc. | Health Care | Medical Instruments & Supplies | 4.783e+10 | -28.89% | 1.297e+09 | 4.56% | 35.55 | -2.84% | -17.56% | — | -8.60% | 44.44 | 22.59 | 17.9 | Downtrend | Medline is a recently public medical-supply distributor with thin FCF relative to price — the drawdown is post-IPO valuation normalization with a short public track record. |
| AZO | AutoZone, Inc. | Consumer Discretionary | Auto Parts | 4.688e+10 | -30.56% | 1.79e+09 | 9.45% | 2,899 | -2.84% | -14.42% | -31.23% | -9.11% | 19.94 | 16.55 | 5.7 | Downtrend | AutoZone is a highly durable aftermarket-parts compounder de-rated on softening DIY demand and tariff/parts-cost pressure. Consistent FCF and buybacks make it a quality-at-a-discount name. |
Drawdown Value Universe by Sector (market cap weighted)
[heatmap: Drawdown Value Universe by Sector (market cap weighted)]
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