I expect Adobe's next filing to test whether $17.65 TTM EPS supports recovery from an 8.33% twenty-session decline at 13.39 times earnings. I retain 15% rather than add aggressively without a dated corporate event.

What would change the view: I exit if earnings deteriorate or no credible catalyst emerges by January 14, 2027.

I expect Goldman's October 13 earnings beat and $4.49 billion shareholder returns to support post-results reassessment. The 14.46 P/E (share price compared with earnings) offers an earnings-based entry, not protection against trading normalization. I raise the position to 14%; I exit if the next quarter reverses earnings growth or capital returns materially weaken.

I expect Progressive's next results to test whether premium growth can preserve earnings despite rising loss severity. Its 10.97 P/E (share price compared with earnings) and 6.24% trailing yield justify retaining 14%, not treating historical distributions as assured.

What would change the view: I exit if underwriting deterioration erodes earnings or subsequent distributions lose support.

I expect Verizon's fiber and broadband acquisitions to create a measurable operating catalyst over the next two filings. A 9.74 P/E (share price compared with earnings) and 6.46% trailing yield justify a 12% entry, not a presumed floor.

What would change the view: I exit if acquisition debt overwhelms cash generation or integration fails to improve growth.

I expect improved crack spreads to support Valero's next earnings test, but not an unchecked rerating. I cut exposure to 10% after the October 14 caution and a 14.97% twenty-session gain.

What would change the view: I exit if results fail to confirm spread benefits or valuation outruns earnings.

I exit the current 12.23%, versus the recent 12% target. October 13 evidence reports declining Mailchimp revenue, persistent churn, and a 15.8% downward EPS-estimate revision [INTU-E6, effective 2026-10-13]. That deterioration undermines the earnings-validation thesis behind the prior hold; the supplied 11.97 P/E (share price compared with earnings) rests on a May 20 fundamentals anchor rather than fresh confirmation [INTU-E4, effective 2026-05-20]. I require stabilization in revisions and retention before reconsidering.

I exit the current 4.91%, versus the recent 5% target. The prior decision relied on stronger forecast growth and positive revisions. Current October 13 reporting instead cites 12.28% expected earnings growth, an elevated relative PEG, and limited near-term upside [NEM-E6, effective 2026-10-13]. A 13.47 P/E (share price compared with earnings) alone does not establish a special situation [NEM-E4, effective 2026-07-23]. I require renewed revisions or a specific company catalyst before re-entry.