Fantasy Football Stock Report: Chargers' offense looks lost while Panthers' unit continues to thrive going into Week 3

As I write this on Sunday night, 15 of 16 Week 2 games are in the books (with Monday night remaining) and the season's second week looked ... completely different from its first. There were promising improvements, concerning trends and performances that changed our early outlook on players and teams. As always, some of these shifting perspectives will have permanent ramifications in fantasy football.

With that in mind, I've compiled another full fantasy stock report. These are the most notable risers and fallers heading into Week 3.

Frankly, Dalton Kincaid isn't just the top "Stock Up" player of this week. He's arguably the top "Stock Up" player in all of fantasy, relative to his summer draft price. He's made a legitimate two-week case as the top tight end behind Trey McBride and Brock Bowers (when he's eventually healthy). After a monster 130-yard performance in Week 1, Kincaid caught seven of eight targets for 95 yards and a touchdown in Week 2 on TNF.

Most importantly, he tied Keon Coleman for the most routes on the team (26), the nail in the coffin of years of previously head-scratching usage in Buffalo. That full-time usage now unlocks what has always been elite efficiency for the Bills tight end — since he was drafted in 2023, Kincaid's 2.0 yards per route run is second to George Kittle among all tight ends with 300+ routes. Kincaid is one of the best weapons for the league's best quarterback in what is almost certainly the league's best offense. He's an elite fantasy asset, period, full stop.

The second game of the post- A.J. Brown era revealed a version of DeVonta Smith we certainly didn't see in Week 1 and have rarely seen before. The Eagles' No. 1 receiver saw 13 targets — a 38% share — and caught 10 of them for 117 yards and a touchdown. That tied Smith's previous career high in targets (from the 2022 season) and matched his second-best reception total, positioning him to be a top-five scoring wideout on the week entering Monday Night Football. But perhaps most importantly, he looked the part throughout the game, making a number of true WR1 catches, most notably this snag with the game on the line on third down, to set up the walk-off score. Smith has a juicy matchup with the Bears in Week 3, where he could cement his place as a high-end WR2 with another performance like Sunday's.

It was a near-perfect storm for TreVeyon Henderson as he returned from a Week 1 injury absence. Running mate Rhamondre Stevenson coughed up another troubling fumble, Henderson ripped off an explosive 39-yard touchdown run and the volume split finished 16 touches to seven in the younger back's favor. Stevenson has now fumbled 18 times since he was drafted in 2021, most by any non-QB in the entire NFL .

Considering how much more explosive and effective Henderson has looked as a runner, this trend could threaten to relegate Stevenson to pass-protection snaps and a complementary receiving role. That would give Henderson an open lane to RB1 usage in what should be a great offense (though Drake Maye and Co. have seemed a little wobbly to start the season). Henderson isn't a locked-and-loaded RB2 yet ... but another game or two like this one and he'll be there quick.

Jaylen Waddle & Jonah Coleman , WR/RB, Broncos

While these two "Stock Ups" are largely unrelated — outside of being on the same team — I'm combining them here for efficiency! Let's start with Waddle. Outside of an absurdly disappointing two-yard season opener that had fantasy drafters in shambles, Waddle rebounded to the tune of eight catches for 138 yards on 10 targets against the Jaguars. He was targeted on 42% of the routes he ran in this game and snagged a 49-yard catch that landed him on the one-yard line ... inches away from an extra 6 fantasy points. Waddle's back in WR2 range after what will likely be remembered as an aberrant Week 1.

As for rookie running back Jonah Coleman, he took over when J.K. Dobbins exited with a hamstring injury — as RJ Harvey was inactive with his own hamstring injury — and took his 13 opportunities for 58 yards and a goal-line rushing touchdown. You might remember Coleman from the All-Sleeper Team two weeks ago, where I highlighted the potential he has to simply take the job in Denver . The door is creaking open, and it wouldn't be surprising to see the rookie atop the depth chart in the very near future.

To put it simply, the entire Panthers offense looks great coming off a 34-3 trouncing of the rival Falcons . Bryce Young followed a 361-yard, four-TD performance against the Bears in the opener with a 287-yard, three-TD encore on Sunday. He's second in the NFL in passing yards (to Tyler Shough ), has a 113.3 passer rating and has thrown six touchdowns to just one interception. And it's thanks in large part to his finally dangerous receiving corps, as Tetairoa McMillan hit 101 yards in Week 2, while Jalen Coker raised his season totals to 16 catches for 204 yards.

Plus, Chuba Hubbard caught a receiving touchdown for a second straight week (and has 151 yards on 27 touches) and tight end Darren Waller snagged two touchdown grabs of his own against Atlanta . Carolina's offense will face a real test next Sunday in Cleveland — after drawing the Bears and Falcons the first two weeks — but Young and Co. look extremely improved on tape and in the stat sheet. After two-and-a-half to three years of mostly mediocrity, it appears they've finally arrived.

The Chargers lost 26-14 to the Cardinals in Week 1, a team that had three wins last season. But that couldn't happen again in Week 2, right? Welp. They lost 26-14 to the Raiders , another three-win team from a season ago. No, I'm not joking. They made the kind of history you never want to make, and Justin Herbert looks completely lost in Mike McDaniel's offense.

Through two weeks, Herbert has thrown two touchdown passes and three interceptions , not to mention the three fumbles he committed on Sunday alone (none of which, miraculously, were recovered by Las Vegas ). The Chargers only reached the red zone twice in Week 2, with nine of their 13 drives ending in their own territory (including a game-ending safety). Ladd McConkey was surprisingly active for the game, but had just three targets and 5.0 fantasy points, while Quentin Johnston totaled one catch for seven yards on his five targets. Los Angeles is going to have some serious soul-searching to do before a terrifying matchup with the Bills in Week 3 ... but until the Chargers find whatever they're looking for, Herbert and his receivers could be very tough to trust.

A week after everything went right for the Bears in Week 1 ... absolutely nothing did in Week 2. They scored just three points against the Vikings and Caleb Williams suffered a hamstring injury that seemed severe when it went down . We're still waiting on the timeline and long-term impact of that injury, and Tyson Bagent is a serviceable backup, but it has not looked great for Rome Odunze , Luther Burden III or Colston Loveland either way.

Odunze has just five catches on seven targets this season, despite running essentially all the routes. Burden's usage has been disappointing and he's shown no sign of the breakout many had expected entering the season. And Loveland ... oof. The TE3 in draft ADP has one catch for three yards on five targets through two weeks. Tight ends with more fantasy points so far include Will Kacmarek and Jake Briningstool (Yes, those are real people). Stay tuned for the Williams news — and for future games in better weather against softer defenses — but the fact that Kalif Raymond is the top fantasy pass-catcher on this team is not great news for managers.

The optimistic perspective on Drake Maye after two weeks is that the early struggles can be blamed on the loss of A.J. Brown — after planning the offense around his acquisition — and that Maye will rebound on his return. But Brown or no Brown, it's pretty hard to explain Maye's one TD pass and four interceptions through two games. In all of 2025, Maye threw for fewer than 210 passing yards just three times. He's already done so twice in two games in 2026.

This week against Pittsburgh , he completed just 14 passes, was sacked three times and posted a 75.6 passer rating. He's sitting at just 21.8 fantasy points after Week 2, barely ahead of Aaron Rodgers and behind Jacoby Brissett , Cam Ward and Carson Wentz , among others. Maye could get into a barn-burner against the Jaguars next week, so you're probably still starting him (and hoping) for at least another couple games. But, right now, we are simply not seeing the breakout quarterback who led the Patriots to 14 wins last season.

With the elbow injury to Jayden Daniels — who does not have a timeline yet as I write this on Sunday night — I was initially tempted to "Stock Down" the entire Washington offense, or at least their entire receiving corps. However, I think the move to Marcus Mariota , for however long it lasts, is more specifically concerning for Terry McLaurin. For one thing, McLaurin has already not looked like the team's clear WR1 through two games: he has fewer targets (13) than Stefon Diggs (15), while Diggs (9), Rachaad White (8), Antonio Williams (7) and Dyami Brown (4) all have as many or more catches than McLaurin (4). McLaurin has an abysmal 30.8% catch rate and has honestly become something of an Alec Pierce , with high route participation and an incredibly high aDOT (14.4 air yards), but very little (if any) reliability. Mariota will take occasional downfield shots but is not going to be the solve for McLaurin's efficiency problems. And while Diggs can find relative consistency in a PPR role in the meantime — and caught a 20-yard touchdown from Mariota on Sunday — I worry McLaurin will be incredibly hit-or-miss for the foreseeable future.

A week after going berserk with three touchdowns in his Texans debut, David Montgomery totaled 10 rushing yards on six carries and finished Week 2 with 3.4 fantasy points. And while the Bengals' defense looks much improved, there's very little excuse or silver lining in 1.7 yards per carry amid a blowout loss. Worst of all, Woody Marks actually outcarried Montgomery eight to six ... though he was, incredibly, even less efficient, with just eight yards on those eight carries.

Unfortunately, the reality with Montgomery is that he'll probably mix-and-match these types of outings all year. When he finds the end zone, he'll be a strong RB2. When he doesn't, and particularly when the Texans fall behind, he'll likely have a series of fantasy duds. Montgomery thrived with his particular skill set when playing for the Lions' high-scoring, ever-in-the-red-zone offense. The Texans are not that. And it's going to reflect poorly in the running back's box score throughout the year.