BTIG Top Picks 2H2026

Research evidence excerpt

BTIG Top Picks 2H2026

July 1, 2026 BTIG Top Picks 2H2026BTIG

WHAT YOU SHOULD KNOW: The Top Picks report compiles the highest conviction BTIG ResearchTOP investment ideas from across the BTIG research platform over a 12-month-investment (212) 527-3548 btigresearch@btig.com

horizon, beginning in 2H2026. Technical analysis of both the broader market and select

Top Picks have also been provided to share additional perspective on the marketPICKS landscape and conviction stock calls. Please note, this report is priced at the market

close on June 30, 2026.

Large Cap ($10B+ Market Cap)

Market BTIG Price Current Upside to

Company Ticker Analyst Cap ($B) Rating Target ($) Price ($) Price Target

Consumer

Dick's Sporting Goods, Inc. DKS Robert Drbul 20.30 Buy 300.00 226.81 36.57%

J.M. Smucker Company SJM Robert Dickerson 12.00 Buy 130.00 112.50 23.15%

Mondelez International, Inc. MDLZ Robert Dickerson 74.25 Buy 70.00 57.84 27.67%INDUSTRY On Holdings AG ONON Janine Stichter 11.81 Buy 70.00 35.42 97.63%

Energy and Infrastructure

PPL Corporation PPL Alex Kania 27.35 Buy 45.00 36.35 30.00%

Riot Platforms, Inc. RIOT Gregory Lewis, CFA 10.35 Buy 40.00 27.38 46.09%

Financials

Annaly Capital Management, Inc. NLY Douglas Harter 16.38 Buy 24.00 22.36 33.25%

Block, Inc. XYZ Andrew Harte, CFA 46.32 Buy 90.00 76.00 18.42%

Capital One Financial Corp. COF Vincent Caintic, CFA 123.59 Buy 259.00 200.62 32.26%REPORT Health Care

BrightSpring Health Services, Inc. BTSG David Larsen, CFA 13.76 Buy 90.00 69.74 29.05%

Edwards Lifesciences Corporation EW Marie Thibault 52.09 Buy 110.00 90.46 21.60%

Guardant Health GH Mark Massaro 19.89 Buy 160.00 150.03 6.65%

Solventum Corporation SOLV Ryan Zimmerman 13.36 Buy 89.00 77.15 15.36%

Industrials

BWX Technologies, Inc.