U.S. Undervalued based on future growth

Capital One Financial

Market Cap: US$77.0b

Operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom.

Nucor

Market Cap: US$28.8b

Engages in the manufacture and sale of steel and steel products.

Super Micro Computer

Market Cap: US$25.6b

Develops and sells high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally.

Hewlett Packard Enterprise

Market Cap: US$24.1b

Provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan.

Steel Dynamics

Market Cap: US$19.9b

Operates as a steel producer and metal recycler in the United States.

LyondellBasell Industries

Market Cap: US$19.5b

Operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally.

Corebridge Financial

Market Cap: US$18.2b

Provides retirement solutions and insurance products in the United States.

Citizens Financial Group

Market Cap: US$18.2b

Operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions in the United States.

First Solar

Market Cap: US$17.7b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

Kaspi.kz

Market Cap: US$16.6b

Provides payments, marketplace, and fintech solutions for consumers and merchants in Kazakhstan, Azerbaijan, and Ukraine.

Equitable Holdings

Market Cap: US$16.6b

Together with its consolidated subsidiaries, operates as a diversified financial services company worldwide.

Fidelity National Financial

Market Cap: US$15.2b

Provides various insurance products in the United States.

Everest Group

Market Cap: US$14.3b

Through its subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

Liberty Broadband

Market Cap: US$13.8b

Engages in a range of communications businesses in the United States.

Reinsurance Group of America

Market Cap: US$13.3b

Provides reinsurance and financial solutions.

CNA Financial

Market Cap: US$12.4b

An insurance holding company, primarily provides commercial property and casualty insurance products in the United States and internationally.

Owens Corning

Market Cap: US$11.9b

Provides residential and commercial building products in the United States, Europe, the Asia Pacific, and internationally.

Annaly Capital Management

Market Cap: US$11.7b

A diversified capital manager, engages in the mortgage finance business.

Jefferies Financial Group

Market Cap: US$10.9b

Operates as an investment banking and capital markets firm in the Americas, Europe, the Middle East, and the Asia-Pacific.

Stanley Black & Decker

Market Cap: US$10.7b

Provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia.

Ovintiv

Market Cap: US$10.2b

Explores, develops, produces, and markets natural gas, oil, and natural gas liquids in North America.

Stifel Financial

Market Cap: US$9.9b

Operates as the bank holding company for Stifel, Nicolaus & Company, Incorporated that provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States and internationally.

Sociedad Química y Minera de Chile

Market Cap: US$9.7b

Operates as a mining company worldwide.

AGNC Investment

Market Cap: US$9.5b

Provides private capital to housing market in the United States.

Webster Financial

Market Cap: US$9.2b

Operates as the bank holding company for Webster Bank, National Association that provides various financial products and services to businesses, individuals, and families in the United States.

SouthState

Market Cap: US$9.2b

Operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies in the United States.

Norwegian Cruise Line Holdings

Market Cap: US$8.8b

Operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally.

Mr. Cooper Group

Market Cap: US$8.7b

Operates as a non-bank servicer of residential mortgage loans in the United States.

Western Alliance Bancorporation

Market Cap: US$8.2b

Operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada.

Hess Midstream

Market Cap: US$8.2b

Owns, operates, develops, and acquires midstream assets and provide fee-based services to Hess and third-party customers in the United States.

UMB Financial

Market Cap: US$8.1b

Operates as the bank holding company that provides banking services and asset servicing in the United States and internationally.

AES

Market Cap: US$8.0b

Operates as a power generation and utility company in the United States and internationally.

Old National Bancorp

Market Cap: US$8.0b

Operates as the bank holding company for Old National Bank that provides consumer and commercial banking services in the United States.

American Airlines Group

Market Cap: US$7.8b

Through its subsidiaries, operates as a network air carrier in the United States, Latin America, Atlantic, and Pacific.

APA

Market Cap: US$7.0b

An independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids.

Jazz Pharmaceuticals

Market Cap: US$6.8b

Jazz Pharmaceuticals plc identifies, develops, and commercializes pharmaceutical products in the United States, Europe, and internationally.