Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis.

Good afternoon. Today is Thursday, February 26th, and I'm your host, Kim Khan. Our top story so far.

Investors are going from AI to A1, Steak Sauce. Looking at forward valuations, the premium investors were paying for the mega caps has faded,

and they're now willing to pay up for household goods and pantry fillers.

Neil Setti of Sedi advisors flagged a chart from Matt Shermanaro,

showing that the average forward PE of the Magnificent 7, excluding Tesla,

that's Apple, Amazon, Alphabet,

meta, Microsoft, and NVIDIA, is now below the consumer staples sector. And today's

hardware-led sell-off with NVIDIA sliding while Staples hold steady is only reinforcing

that shift. Teddy noted that the Staples forward PE is climbed to its highest level in

at least a decade, while the top six mega caps have

fallen towards the low end of their range over the same period. He added that a big driver is the

Walmart and Costco effect, together about 20% of the XLP ETF in trading it PEs in the 40 and 50 range,

but he argues that the broader Stables group still looks stretched, and it's hard to see most of those

names suddenly turning into big earnings compounders. Among active stocks, two guilty pleasure

names are off to the races. Crispy cream is up more than 20% as investors reward its turnaround

strategy. Revenue fell 2.9% year over year in Q4, with organic revenue down 3.9%, largely due to the strategic closure

of underperforming locations, a move that reduced global points of access by 13.5%.

CEO Josh Charlesworth said the company is making meaningful progress, pointing to strong

demand, profitable U.S. expansion, and Capital Light International Franchise Growth. And Shake Shack is rallying

after posting a double-digit sales jump in Q4, helped by promotions and new menu items,

allowing it to offset higher beef costs and a challenging macro environment. Looking ahead to

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