The group we think looks quite interesting here on the long side is the hyperscalers and the Mag 7.

The trade offers a compelling relative risk/reward over the next several months. Mag 7 stocks trade at nearly the same earnings multiple (24x) as Staples but with over 3x the forward earnings growth. (MS)

Current Fwd P/E Multiples:

📦 Amazon 27x $AMZN
🔤 Alphabet 26x $GOOGL
🖥️ NVIDIA 22x $NVDA
💻 Microsoft 21x $MSFT
📱 Meta 19x $META