Piper Sandler's stock-picking model crushed the market last year. Here are the top 9 bargain stocks it added for 2026.
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- Piper Sandler's Macro Select stock model outperformed the S&P 500 in 2025.
- The updated Macro Select list highlights top decile stocks based on earnings and value factors.
- New additions include AT&T, Graham Holdings, and Par Pacific Holdings.
Piper Sandler's stock-picking model crushed the market in 2025. Its so-called "Macro Select" basket of stocks returned around 22% last year, head and shoulders above the S&P 500's 16% gain.
With the new year underway, Piper Sandler has updated its list of stocks. To identify attractive companies, the model considers factors like valuations and return on equity. It then sorts firms into deciles of attractiveness — companies with a score of "1" fall into the top 10% of stocks to buy.
"We believe there will be a broadening in markets in 2026," Michael Kantrowitz, the bank's chief US equity strategist, said in a note on Wednesday.
"To try and capture the change we see in the macro environment, we moved to a portfolio looking for stocks with 1) strong earnings surprise and 2) earnings revisions, while still having 3) attractive earnings yield and 4) high levered profitability (ROE)," he continued. "The result is looking for stocks with cyclical traits on the quality value side of the risk spectrum."
Below, we've listed the nine new additions to Piper Sandler's Macro Select S&P 1500 list that fall into the model's top decile of stocks.