Bull Sessions (7/7/2026)

In this July 7th, 2026 Bull Sessions webinar, Mark Robertson and Ken Kavula discuss portfolio performance, market forecasts, and investment opportunities in small and medium-sized companies. The session opens with an update on Portillo's (PRLO), which Robertson closed for a modest $13 gain after nearly two years of holding—a cautionary tale about timing and relative strength indicators. The speakers highlight that their community's favorite stocks have delivered impressive 22.2% annualized returns over 10 years, though this includes an outlier performance from Nvidia. A key theme throughout is the recent surge in small-cap performance, with the Buttonwood portfolio beating the market by approximately 10-11% year-to-date, suggesting that smaller and medium-sized companies are presenting compelling opportunities.

The webinar emphasizes long-term market forecasting trends, noting close correlation between Value Line's three-to-five-year projections and MIPAR (Median PAR) estimates, which signals confidence in current valuations. The speakers discuss individual stock positions including General Electric, Honeywell (which is expected to split into separate companies), and a diversified set of holdings across semiconductors, pharmaceuticals, and consumer companies. Throughout the discussion, Robertson and Kavula demonstrate the Manifest Method's emphasis on fundamental analysis and patience, contrasting their buy-and-hold philosophy with short-term trading strategies that proved unsuccessful with speculative positions.