Quick Read – JPM beat Q2 EPS estimates by 33% and DVN raised its dividend 31% as money rotates from megacap tech into financials and energy. – Megacap tech fell 2% last week while financials gained 2% and energy climbed 4%, confirming the rotation is already playing out in real…
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The Nasdaq-100 shed 3.28% over the past month while the Russell 2000 gained 1.2% over the same stretch. That is the rotation, in one line, in real time. Money is walking out of megacap tech and into the industrials, financials, energy names, value retailers, and brokers positioned to catch it.
Miss the pivot and you are holding last year’s leaders while everyone else prints this year’s gains. 1. Powell Industries (POWL): The Small-Cap Toll Collector on the AI Power Grid Powell Industries (NASDAQ:POWL) is the surprise name on this list because it is the picks-and-shovels play on the exact spending cycle that megacap tech has been throwing money at. Every hyperscaler data center needs medium-voltage switchgear, custom-engineered electrical distribution, and on-site power.