Data centres and power
AI's binding constraint turned out not to be chips. It is electricity, and the grid was not built for this.
Return on equity across the top 7 matches
Look at the spread, not the ranking. If the bars are all the same length, the screen is arbitrary: one point of return on equity separates a company that made the list from one that did not, and the cut is doing more work than the data supports. A long tail means the top few are genuinely exceptional and the rest merely qualified.
What this screen is really buying
More than half of these companies are in one sector (Energy). That is worth knowing: this screen has quietly become a sector bet, and if that sector re-rates, every name on the list moves together. Diversification comes from low correlation, not from the length of a list.
| Company | Price | P/E | Yield | Moat | Rating |
|---|---|---|---|---|---|
CAT Caterpillar Inc. | $337.60 | 16.2 | 1.6% | 67 | 68 |
GE GE Aerospace | $230.00 | 40.0 | 0.6% | 70 | 67 |
XOM Exxon Mobil | $113.40 | 13.9 | 3.3% | 62 | 64 |
NEE NextEra Energy | $71.50 | 21.0 | 2.9% | 66 | 64 |
CVX Chevron Corp. | $155.00 | 15.0 | 4.3% | 64 | 64 |
SHEL.L Shell plc | £29.10 | 9.2 | 4.1% | 63 | 64 |
BP.L BP plc | £3.90 | 11.0 | 5.2% | 58 | 59 |
Educational information, not financial advice, and not a recommendation to buy anything. A screen is a place to start reading, never a place to stop.