TI 3Q 25 Recap: Resilient Income in an AI-Driven Market
Grounded extraction
Companies discussed
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Accenture (ACN) was exited amid mounting AI-driven disruption risk to its traditional consulting model.
“Exited Accenture (ACN) amid mounting AI-driven disruption risk to its traditional consulting model, redeploying capital to T”
Analog Devices (ADI) was added in September for cyclical exposure to U.S. reacceleration potential in 2026.
“Added Analog Devices (ADI) and Truist Financial (TFC) for cyclical exposure to U.S. reacceleration potential in 2026, both offering solid balance sheets and dividend support.”
Apple (AAPL) was trimmed given a ~28x FY26 adj. P/E versus a ~23x peer set, slower multi-year growth, and onshoring/supply-chain margin risks.
“Trimmed Apple (AAPL) given a ~28× FY26 adj. P/E versus a ~23× peer set, slower multi‑year growth, and onshoring/supply‑chain margin risks; proceeds funded GOOGL.”
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