Piper Sandler's Macro Select stock model outperformed the S&P 500 in 2025. The updated Macro Select list highlights top decile stocks based on earnings and value factors. New additions include AT&T, Graham Holdings, and Par Pacific Holdings. Piper Sandler's stock-picking model crushed the market in 2025. Its so-called "Macro Select" basket of stocks returned around 22% last year, head and shoulders above the S&P 500's 16% gain. With the new year underway, Piper Sandler has updated its list of sto ...