Asset-Light Services & Franchise Cash Flows

Own businesses that monetize software, services, transaction networks and franchise systems rather than manufacturing capacity or merchandise inventory. The basket pairs booking and mobility platforms with enterprise services, payments and restaurant royalties, avoiding dependence on a single spending cycle. Positive free-cash-flow yields across these names offer a cash-generation anchor during the technology drawdown, although weaker customer spending remains a risk. Launch basket (equal weight): BKNG, UBER, CRM, IBM, V, MCD Rules: 1. No inverse, leveraged or volatility ETFs. 2. Only names tradable at the enrolled brokers (Moomoo): no OTC listings, no dead tickers, nothing on the refused list.