Incyte · pharma
good · 77
narrow moat
Value$131.87
Price$116.61
MoS
+13.1%
Cash-rich JAK franchise facing a 2028 patent cliff; cheap only if the pipeline replaces Jakafi.
Wonderful businesses at a margin of safety
2026-10-21
12fat pitches
201on watchlist
11/22cleared gate today
102%universe scanned
5.1%risk-free
Today's wonderful businesses · 4 deep-dived of 22 scanned
PepsiCo · beverage
wonderful · 82
wide moat
Value$131.31
Price$134.02
MoS
-2.0%
A wide-moat snack empire priced for exactly the ~5% growth it can plausibly deliver; fair, not cheap.
Tapestry, Inc. · apparel
wonderful · 80
narrow moat
Value$109.59
Price$117.55
MoS
-6.8%
Great Coach cash machine at peak heat; the price already assumes it stays fashionable for a decade.
Ulta Beauty · retail
wonderful · 87
narrow moat
Value$549.19
Price$602.90
MoS
-8.9%
A great US beauty retailer at a full price: 6% owner-earnings growth trails the 8% the market already assumes.
Watchlist · 201 wonderful businesses · 12 at a margin of safety
The quality gate has scanned 514 of 503 names; these are the ones worth owning at the right price. See the full watchlist →
| Ticker | Sector | Quality | Moat | Price | Value | Margin of safety | Rating |
|---|---|---|---|---|---|---|---|
| CF | materials | wonderful · 85 | narrow moat | $117.93 | $168.81 | +43.1% | STRONG BUY |
| PYPL | payments | wonderful · 85 | narrow moat | $57.14 | $79.20 | +38.6% | BUY |
| GDDY | technology | wonderful · 82 | narrow moat | $108.80 | $146.96 | +35.1% | BUY |
| SOLV | healthcare | good · 73 | narrow moat | $86.39 | $114.71 | +32.8% | BUY |
| LULU | apparel | wonderful · 95 | narrow moat | $99.94 | $132.62 | +32.7% | HOLD |
| NVR | retail | wonderful · 88 | narrow moat | $5,977.67 | $7,764.83 | +29.9% | HOLD |
| CTSH | software | wonderful · 81 | narrow moat | $68.18 | $86.92 | +27.5% | BUY |
| DECK | apparel | wonderful · 97 | narrow moat | $87.37 | $110.65 | +26.6% | HOLD |
| ZTS | pharma | wonderful · 90 | wide moat | $80.04 | $101.30 | +26.6% | HOLD |
| APA | energy | good · 76 | no moat | $49.90 | $60.89 | +22.0% | HOLD |
| ACGL | insurance | wonderful · 81 | narrow moat | $101.29 | $123.58 | +22.0% | BUY |
| UBER | industrial | good · 69 | narrow moat | $68.94 | $84.06 | +21.9% | HOLD |
| AVY | materials | good · 73 | narrow moat | $178.12 | $213.01 | +19.6% | HOLD |
| VLO | energy | good · 73 | narrow moat | $433.42 | $506.97 | +17.0% | HOLD |
| UHS | healthcare | good · 69 | narrow moat | $185.61 | $217.10 | +17.0% | HOLD |
| INTU | software | wonderful · 84 | wide moat | $335.29 | $388.00 | +15.7% | HOLD |
| BR | industrial | good · 78 | wide moat | $179.99 | $207.93 | +15.5% | HOLD |
| SNA | industrial | wonderful · 90 | wide moat | $366.42 | $418.41 | +14.2% | HOLD |
| INCY | pharma | good · 77 | narrow moat | $116.61 | $131.87 | +13.1% | HOLD |
| CPRT | industrial | wonderful · 86 | wide moat | $27.83 | $31.42 | +12.9% | HOLD |