May 2026 Stock Watch List

As I'm writing this blog post, it's currently Monday, April 20th. I just turned 29 years old this past Wednesday! On an unrelated note, the weather here in Central Wisconsin is about what you'd expect for this time of the year. The temperature is going to get up to 55 degrees Fahrenheit today.

With my stock purchases complete for April 2026, I'm going to be highlighting several stocks on my watch list for the upcoming month. Without further ado, let's dig into it!

Stock #1: Amazon.com (AMZN)

The first stock on my watch list for the next month is Amazon.com. This was also featured in my March 2026 Stock Watch List blog post. Readers can check out my full investment thesis in this Seeking Alpha article.

The gist of my investment thesis remains unchanged. AWS growth of 24% was the strongest growth since 2022, which offers compelling proof that its 2025 capex paid off. This also was the basis for AMZN releasing a $200 billion forecast for 2026 capex. The growth trifecta of cloud computing, e-commerce retail, and digital advertising remains in place. This should power consistent annual operating cash flow per share growth of around 20% for the foreseeable future. The company also boasts an AA S&P credit rating.

GNG Research

At the current $255 share price, the stock is trading at a forward 12-month P/OCF ratio of only 14.1. That's far below the FAST Graphs 10-year average P/OCF ratio of 23.5 and 30% under my fair value per share estimate of $362 (a fair value P/OCF ratio of 20). My friends over at GNG Research are much more conservative with their $275 fair value per share estimate. At any rate, AMZN looks to be a an intriguing long-term buy right now.

Stock #2: Brookfield Asset Management (BAM)

The next stock on my watch list for May 2026 is Brookfield Asset Management. After not being on my watch list since January 2026, BAM has made a return to my watch list. Readers can also peruse my investment thesis in this Seeking Alpha article.

As was the case last time, BAM is an industry leader in an alternative asset management industry with a strong long-term growth runway ahead. The company also had roughly $3 billion of corporate liquidity to close out 2025. BAM's 4.1% dividend yield is supported by its liquidity, capital-light business model, and predictable cash flows (87% of fee-bearing capital is long-term or permanent), which backs up its A- S&P credit rating. This is why BAM believes it can compound the payout by 15%+ annually. From the current $49 share price, the stock is trading at a 20% discount to my $62 fair value per share estimate (assuming a fair value yield of 3.25%).

Stock #3: Carlisle Companies (CSL)

The third stock on my watch list for next month is Carlisle Companies. This is the first time CSL has been on my watch list in a while, with it last being featured in my November 2025 Stock Watch List blog post. Curious readers can find my latest investment thesis in this recent Seeking Alpha article co-produced with Treading Softly.

Basically, aging U.S. commercial roofs and more stringent energy standards are key long-term catalysts. That gives me the confidence that CSL can reach its $40 adjusted EPS target by 2030. The company's net debt to EBITDA ratio was 1.4x to close out 2025. As of December 31st, 2025, CSL also had $2.1 billion in liquidity. This provides it with the dry powder needed for bolt-on acquisitions to drive further growth.

GNG Research

At the current $363 share price, the stock is trading at a forward 12-month P/E ratio of 17.1. That's moderately less than the FAST Graphs 10-year average P/E ratio of 19.5 and 8% below my $394 fair value per share estimate (a fair value P/E ratio of 18.5). GNG Research has fair value even higher at roughly $421 a share.

Stock #4: Intuit (INTU)

The next stock on my watch list for May 2026 is Intuit. Just like AMZN, this was last on my watch list in March 2026. My full investment thesis can be found in this Seeking Alpha article co-produced with Treading Softly.

The crux of my investment thesis is that INTU topped analysts' expectations for revenue and non-GAAP diluted EPS in Q2 2026. The continued implementation of AI into the business and these results gave management the confidence to reiterate revenue growth guidance (12% to 13%) and non-GAAP diluted EPS growth guidance (14% to 15%) for FY 2026. INTU also enjoys an A S&P credit rating with a stable outlook.

GNG Research

What's more, the stock is priced at a forward 12-month P/E ratio of 15.9 at the current $405 share price. This is less than half of the FAST Graphs 10-year average P/E ratio of 37.6 and 36% below my fair value per share estimate of $637 (a fair value P/E ratio of 25). This jives with GNG Research's $616 fair value per share estimate as well.

Stock #5: NNN REIT (NNN)

The fifth stock on my watch list for next month is NNN REIT. I last added to my position in NNN in February 2026. Readers can find my most recent investment thesis in my recent Seeking Alpha article.

The gist of my investment thesis is that NNN's continued investment volume and annual lease escalators should keep delivering 3% annual FFO per share growth in the years ahead. The BBB+ S&P credit rating is another positive.

Finally, from the current $45 share price, the stock is trading at a forward 12-month P/FFO ratio of 12.7. That's well below the 10-year average P/FFO ratio of 16.2 and 12% less than my $51 fair value per share estimate (a fair value P/FFO ratio of 14.5).

Concluding Thoughts:

That's all for now. I'll be allocating 25% of my capital to NNN and the remaining 75% to my growth-oriented picks. For my investment objectives, this strikes a nice balance between immediate income (keeping my yield on capital deployed in the high-2% range) and capital appreciation.

Discussion:

Are any of AMZN, BAM, CSL, INTU, or NNN on your watch list for next month?

If not, what stocks are you watching in May 2026?

I appreciate your readership and welcome your comments below!