The S&P 500 is hovering near all-time highs.

To many investors, that automatically means one thing:

“Too late.”

But here’s what I’ve learned over the years — indexes can be expensive while individual stocks are not.

This market isn’t about buying everything.
It’s about being selective.

Under the surface, there are high-quality companies with strong fundamentals, expanding margins, and durable moats that have either been repriced or are being overlooked because sentiment isn’t perfect.

That’s where opportunity lives.

Here are 7 stocks I believe offer compelling long-term setups right now — not because they’re flashy, but because the fundamentals support the thesis.

SoFi continues transitioning from “growth narrative” to real operating business.

The company has delivered record member growth, product growth, and improving profitability trends. More importantly, it’s building an ecosystem — banking, lending, investing, and a technology platform — that feeds itself.

The key shift?

Fee-based revenue and diversified income streams are becoming a larger part of the model.

This reduces reliance on lending cycles and improves operating leverage over time.

The stock can be volatile. But if you zoom out, the business is maturing — and platform models tend to compound if execution continues.

The semiconductor cycle is never smooth.

But AMD continues proving it can execute in competitive environments.

AI compute demand is massive. While Nvidia leads today, the total addressable market is large enough to support multiple winners. AMD’s product roadmap, data center growth, and margin stability show it’s not just participating — it’s competing.

The bear case focuses on competition.

The bull case focuses on scale and execution.

If AI spending remains durable, AMD is positioned to capture meaningful share over the next several years.

Amazon is no longer just an e-commerce company.

It’s retail efficiency, AWS cloud dominance, digital advertising growth, and now AI infrastructure.

AWS continues benefiting from enterprise AI demand. Retail margins have improved through cost discipline. Advertising remains a high-margin contributor.

At under 30x earnings with double-digit revenue growth and margin expansion, Amazon isn’t priced like a hyper-growth company — but it still has multiple levers.

When you combine scale, infrastructure, and optionality, that’s a long-term compounding setup.

Zeta sits at the intersection of first-party data, AI-driven marketing, and enterprise software.

The company has consistently delivered “beat and raise” quarters and continues guiding for strong revenue growth and margin improvement.

What stands out is operating leverage.

As revenue scales, profitability improves. That’s what separates sustainable SaaS businesses from speculative ones.

If execution continues and guidance keeps trending upward, sentiment can shift quickly.

This is a name that feels misunderstood because it’s not widely followed — but fundamentals matter over time.

ServiceNow represents what high-quality SaaS looks like at scale.

Revenue growth remains strong. Free cash flow margins are elite. The company continues expanding operating leverage while remaining mission-critical for enterprise clients.

This isn’t speculative software.

It’s deeply embedded infrastructure inside large organizations.

When you see high margins, durable contracts, and consistent execution, you’re looking at a long-term compounder.

Even when growth normalizes slightly, margin expansion and recurring revenue can drive steady earnings growth.

Oscar Health is one of the more interesting turnaround-style growth stories.

The upside here comes from improving underwriting discipline, cost control, and scaling the model more efficiently.

Revenue scale has expanded significantly, but the real focus is on profitability consistency.

If management continues tightening operations and proving the model works sustainably, sentiment can re-rate quickly.

Healthcare is complex — but companies that execute in this space can unlock meaningful value.

Snap is one of the most sentiment-driven names in the market.

They reported Q4 2025 revenue growth of 10% year over year, generated positive free cash flow in the quarter, and continued scaling Snapchat+ to 24 million subscribers — up 71% year over year.

That last piece matters.

Snapchat+ adds recurring, higher-margin subscription revenue on top of the advertising model. It diversifies the business and reduces reliance on pure ad cycles.

The debate is sustainability.

Can they maintain growth while improving profitability?

With Snapchat+ scaling, advertisers shifting toward performance formats, and management tightening cost structure, the company doesn’t need perfection.

It just needs steady execution.

And sometimes, that’s enough.

This market is selective.

It rewards:

It punishes:

Indexes being high doesn’t eliminate opportunity.

It just forces you to be more intentional.

Long-term investing isn’t about finding what’s popular.

It’s about finding what’s durable.

For those who want to see exactly how I structure positions and manage risk, I am working on my strategy on Surmount called Quality Value Compounders.

The framework focuses on:

I don’t chase hype cycles.

I focus on businesses that can compound for years.

If you want to follow the full allocation, entry logic, and updates, you can check it out there.

Markets near all-time highs don’t mean opportunity is gone.

They mean easy money is gone.

The next phase rewards patience, discipline, and selectivity.

Five years from now, the daily volatility won’t matter.

Execution will.

This newsletter is for informational and educational purposes only and does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. All investing involves risk, including the possible loss of principal. The opinions expressed are based on publicly available information and personal analysis at the time of writing and are subject to change without notice. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.