Investors favor quality compounders, exchanges, and defense stocks amid macro headwinds

Investor Leo Nelissen highlights a preference for quality compounders, exchange operators like ICE, CME, and MIAX, and defensive stocks such as ODFL, UNP, and NOC. ICE stands out with a nearly 6% free cash flow yield and attractive valuation. Despite macroeconomic challenges, cyclical and defensive names remain appealing due to strong secular trends. Speculative picks like QXO and TPL offer growth potential but require cautious monitoring due to volatility and execution risks.

As of Oct 09, 2026 18:12 WIB, ICE shares trade at USD 155.35 with no change in the last day, holding a market cap of $87.21 billion and a dividend yield of 1.34% on Pluang. ODFL is priced at USD 183.23, up 0.87% in one day, with a market cap of $37.68 billion and a typical hold time of 76 days on the platform. Notably, all Pluang order activity for ODFL currently leans toward selling, which contrasts with its positive price movement.