2026 Best Investment Ideas

[Spekulatius]

$BRO, $CPNG and $GTLB are my pics for outperforming in 2026..

[MxMI17]

SOFI,TOI.V (TOPICUS),BRO,ZTS,NKE

[SharperDingaan]

IPO.T ..... it even pays you a healthy dividend while you wait 

 

SD

 

 

[Mephistopheles]

Coupang just seems like it has the critical mass to continue outperforming in the Korean retail market. Has all the ingredients that made Amazon a monster: fast shipping, free/cheap shipping/membership cost, hassle free easy returns. Now having positive fcf last couple years, so it looks to be in inflection. Bigger they get, the easier it is to get bigger. And the price is pretty good for something growing fast: 44x FCF.

 

Seems too good to be true, what am I missing? It's weird that it's not traded in South Korea. Could that be why it hasn't drawn enough retail interest? 

[SafetyinNumbers]

My pick is oils sands producer GFR.TO GFR.N. WEF III controls 71%, FFH owns 77.5% of WEF III. Their cost base is just over C$8. Buying the public shares allows minority investors to sidecar for free and at a ~20% discount. Fairfax India shareholders might appreciate riding on FFH’s dime for a change.
 

The company completed a rights issue last week which has the effect of clearing out the weakest hands. The oil price is low and GFR trades at a big discount to peers including sister company SCR so any strength in oil prices is likely to lead to inflows. SCR also completed its C$2.1b dividend/distribution which is likely to hit accounts of shareholders next week (mine hit Christmas Eve after the close) who may also decide to pick up GFR shares. GFR’s entire float cap is C$350m.
 

The company used the rights issue to pay off expensive debt with restrictive covenants. It’s going to outspend cash flow next year to grow production as 95% of its cost base is fixed. A production increase of 25%+ will have a dramatic increase in cash flow given the operating leverage.
 

To me the best case scenario is that the shares quickly rerate and they use the paper to consolidate the region where a few private oil sands companies may be open to all stock deals. These deals will probably be accretive and increase the float enough to get into a few benchmarks which should further help with multiple expansion. 
 

Fairfax India could also have a great year if they are able to buy IDBI in a creative way and/or if they are able to IPO Anchorage, a holding company which owns part of BIAL.
 

Edited December 27, 2025 by SafetyinNumbers

[brobro777]

Not an investment but a trading idea - short Silver futures at some point in 2026

 

Could be good gains but long or short, it's probably gonna be scary as hell with da volatility

[WayWardCloud]

8 hours ago, Mephistopheles said:

Seems too good to be true, what am I missing?

Almost half of that FCF goes into share based compensation, so it trades at like 80X true owner FCF. It's a great company but I don't see the value other forumers see at current price. I personally much prefer Mercado Libre.

 

Edited December 28, 2025 by WayWardCloud

[Rainier]

On 12/24/2025 at 10:16 AM, valueventures said:

Also curious why so many are bullish on MELI given a) there's just 2 pages of discussion on the MELI thread so far, b) this is a value investing forum, and MELI seems to be more of a growth play, and c) MELI had a respectable year, up ~13% (unlike CSU, which I can understand why people think is due for a strong bounceback). I've always wanted to start a position, and valuation has been my hurdle. Thanks!

Like you, I've wanted to start a position for years, but it has always seemed too expensive. With the recent sell-off, I couldn't make that excuse anymore. So, I made it a very sizeable position (for me) over the last couple of months. The main reasoning is that 1) it is a great business model that scales well, 2) LATAM fears are dragging it down, which may be warranted, 3) the business performance is still stellar - 7.9% free cash flow yield, high growth rates, high ROIC, etc.

[ValueMaven]

FNMAS for a recap and release (finally).  Surprised no one mentioned this one. 

UniFirst (UNF) - as it is finally sold under increased pressure by Cintas + activists.

 

[schin]

On 12/26/2025 at 7:02 PM, treasurehunt said:

I created a Google Sheet with all the picks in this thread. These are the investments that were picked - so far - by at least two boardmembers.

 

 

Company	Votes
FFH	7
NTDOY	7
CPNG	5
CSU	4
PYPL	3
MELI	3
CROX	3
ADBE	2
AMZN	2
BRO	2
CMCSA	2
GOOGL	2
LQDA	2
MGM	2
RYAN	2
Safran	2
V	2
ZTS	2
Cash	2

 

I am actually surprised that CPNG is so high on the list. I like and own CPNG myself... but, considering the investments Bom Kim has to make in Taiwan and how long term oriented he is on his investments.. it might be 3-5 years before he shuts the investment spigot down and the CF comes down to the bottom line. 

 

He's still investing in Farfetch, he's trying to create a Korean version of AWS, he's scaling out Taiwan, he's probably investing more in security after the recent breach, there's still more investments in his warehouses/logistics, and building out the flywheel..... I expect him to be marginally profitable for a long, long time.

 

Even if CPNG doubles in 2026, I'll probably still hold for many more years...

[Mephistopheles]

6 hours ago, WayWardCloud said:

Almost half of that FCF goes into share based compensation, so it trades at like 80X true owner FCF. It's a great company but I don't see the value other forumers see at current price. I personally much prefer Mercado Libre.

 

Thanks. Although I do like how they highlight their share count on the first slide of their investor presentation.

 

What’s the story with Mercado?

[WayWardCloud]

On 12/27/2025 at 10:18 PM, Mephistopheles said:

Thanks. Although I do like how they highlight their share count on the first slide of their investor presentation.

 

What’s the story with Mercado?

Higher yield higher margins higher growth.

3 markets : Brazil 55%, Mexico 20%, Argentina 20%

In Brazil, fierce competition : MELI has 40% of the market, Shopee 20% and Amazon 20%

In Mexico two scaled players : Meli at 40% and Amazon at 30%

In Argentina (where founder is from) shitshow economy obviously but because of it they have virtually no competitor so if Milei manages to turn around the country it could be huge

They have built out their own logistical infrastructure in a five years plan 2017-2022

45% of revenue already comes from Fintech and it's growing faster than e-com (49% vs 33%)

The other fintech mammoth is NuBank (more consummer focused, MELI is more merchand focused)

LatAm in general seems to be turning the corner and voting for capitalism.

LatAm fintech went through a major boom/bust cycle and I think the survivors could do very well from here.

MELI's SBC is unfortunately egregious as well.

Edited January 3 by WayWardCloud

[Gamecock-YT]

Copper and other data center commodities/power exposure via something like $als.to. No one is going to be wanting to hold an unfinished bag when the music stops. Plus aggressive terms on the finance/lease agreements puts a premium on construction ASAP, costs be damned.

Edited December 28, 2025 by Gamecock-YT

[KPO]

I wouldn’t be surprised to see fixed income outperform the large cap equity indexes in the next several quarters. Something like TLT could have a satisfactory total return (I.e. 20% range) in the rate environment I’d expect next year. Apologies in advance for the boring call. 

[brobro777]

22 minutes ago, KPO said:

I wouldn’t be surprised to see fixed income outperform the large cap equity indexes in the next several quarters. Something like TLT could have a satisfactory total return (I.e. 20% range) in the rate environment I’d expect next year. Apologies in advance for the boring call. 

 

3 straight years of double digit returns in SPX? Could be a down year next year!

 

 

[Gregmal]

14 minutes ago, brobro777 said:

 

3 straight years of double digit returns in SPX? Could be a down year next year!

 

 

Also I'd imagine 3 straight years of "cash being king" in terms of some of the "best ideas". As time goes on, it continues to amaze me just how awful holding cash is. 

[KPO]

2 minutes ago, Gregmal said:

Also I'd imagine 3 straight years of "cash being king" in terms of some of the "best ideas". As time goes on, it continues to amaze me just how awful holding cash is. 

Holding cash and cash equivalents isn’t typically ideal from my perspective, but there’s a time and a place where it makes sense. The option value is another bonus. 

[brobro777]

23 minutes ago, Gregmal said:

Also I'd imagine 3 straight years of "cash being king" in terms of some of the "best ideas". As time goes on, it continues to amaze me just how awful holding cash is. 

 

Whatchu talkin bout, Willis, IBKR is paying me a cool 3% interest!

 

haha

 

[brobro777]

https://www.ft.com/content/9036fb08-51ce-4008-b7b0-3321ea8f3ce7

 

Lab Monkeys to outperform SPX in 2026!

[MungerWunger]

Plenty of beaten down software names that could outperform in 2026: Workday, Adobe, Constellation, Salesforce, SAP, Tyler Tech etc.

Edited January 3 by MungerWunger

[Rainier]

I just posted this in the 2025 thread as well. But I have been buying quite a few software companies over the past 6 months or so.  My basket right now is: CNSWF (and smaller positions in Topicus and Lumine), ZS, DT, PANW, FTNT, SLP, VEEV, SNPS.

[This2ShallPass]

MGM / IAC - More IAC as there's a likely catalyst in 2026

 

BIDU - Easily the most frustrating stock in my pf. Pretty much in every big AI play (LLMs, Robotaxi, AI chips, Smart cities, you name it), but keep getting dragged down by their core business. Is 2026 the year?

[hardcorevalue]

Software has been left for dead.

VMS looks particularly well insulated on AI. 
 

AI narrative dominating but the valuation on CSU/TOI appear highly attractive for high teen to 20%+ CAGR if multiples improve.

 

NA Software vs Semis returns is massively underperforming, that could revert. 

 

[whatstheofficerproblem]

1 hour ago, hardcorevalue said:

Software has been left for dead.

 

My 2026 bet is that this will change. CRM beat and their reasoning for it was AI adoption ramping. Software will be a beneficiary of AI adoption starting yesterday.

[tnathan]

I've written about this before but my pick is MOH for the year. I also think the other health insurers do well but the MOH story is especially clean and has substantial (2-3x) upside over a 2-3 year period.