3/2/2026
By Charles Payne, CEO & Principal Analyst

Buys Beyond the Big Boys

There isn’t much difference in performance between capital-weight versus equal-weight sectors and industries, except for hardware and semiconductors (SMH).

Wall Street sees red flags with the decline of hyperscaler free cash flow yields.

Capital expenditures (capex) spending will probably peak this quarter but remain elevated into 2027.  Signs of a soaring top could spark buying of “Mag Seven” names in the meantime. Invesco S&P 500 Equal Weight Technology ETF (RSPT: XLK) could make a huge leg higher, but it must clear the 200-day moving average with an elevated Relative Strength Index (RSI).

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Charles Payne
Wall Street Strategies