Fallen Bellwethers: Quarter-Plus Below Highs

A group of well-known large caps trade 25% or more below their 52-week highs, even though the QQQ sits near its own high. Each has a durable core franchise and a clear recovery path. The basket is a mean-reversion bet on these category leaders, not a call on one sector. Launch basket (equal weight): NKE, MCD, BKNG, CAT, BA, AMAT, KLAC, NFLX, APP, INTU 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.