As the stock market’s main indices vacillate in a sort of “no man’s land” between a bullish setup and the impending confirmation of lower lows, our discretionary stock selection focuses on companies that meet certain criteria:

• Profitable and FCF positive

• Higher gross margins than their peers

• Predictable business, not selling direct to consumers

• Get impacted less by FX headwinds

• Have seen their valuation EXPAND, in spite of the recent trend of lower multiples

We share the models created (conservatively) for our recent tech-oriented stock picks: