Today's featured stock is The Toro Company (TTC)
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| LOW | Lowe's Companies, Inc. | Building | $160.23 | 170s to low 180s | 230 | 150 | 5 for 5'er, top half of favored BUI sector matrix, quad top breakout, pos wkly mom flip, LT pos mkt RS, 1.4% yield Earnings 11/18 |
| CDNS | Cadence Design Systems, Inc. | Software | $110.51 | upper $110s to low $120s | $159 | $90 | 5 for 5'er, pullback from all-time high, LT market RS buy signal, pos weekly momentum |
| AVGO | Broadcom Ltd | Semiconductors | $351.25 | 360s - 380s | 468 | 300 | 4 for 5'er, top 20% of SEMI sector matrix, triple top breakout, 3.5% yield |
| APH | Amphenol Corporation | Electronics | $115.07 | mid 100s to upper 110s | 152 | 93 | 5 for 5'er, all-time high, LT market & peer RS buy signal, 2 weeks pos weekly mom |
| AN | Autonation Inc. | Autos and Parts | $57.79 | hi 50s - low 60s | 100 | 50 | 5 for 5'er, top 10% of favored AUTO sector matrix, pullback from ATH, pot cov. write R-R>3.0 |
| SCHN | Schnitzer Steel Industries | Steel/Iron | $21.68 | 19 - 21 | 32.50 | 16.50 | 3 for 5'er, top half of favored STEE sector matrix, bullish catapult, 3.7% yield, R-R>3.0 |
| RCII | Rent-A-Center, Inc. | Retailing | $30.59 | low to mid 30s | 65 | 24 | 5 for 5'er, 5 consec buy signals, LT peer RS buy, pos weekly & mon momentum, 3.59% yield |
| LH | Laboratory Corp. of America Holdings | Healthcare | $207.23 | 190s - low 200s | 216 | 170 | 4 for 5'er, top half of HEAL sector matrix, LT pos mkt RS, pullback from ATH |
| R | Ryder System, Inc. | Transports/Non Air | $49.69 | hi 40s - low 50s | 63 | 40 | 4 for 5'er, top 20% on TRAN sector matrix, multiple buy signals, 4.4% yield, pot. covered write |
| TTC | The Toro Company | Machinery and Tools | $83.12 | low to high 80s | 126 | 70 | 4 for 5'er, consec buy signals, LT market and peer RS buy signal, 1.22% yield |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|
Removed Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| ARNC | Arconic Corp. | Metals Non Ferrous | $22.56 | low 20s | 29.50 | 18 | See follow comment below. |
Follow-Up Comments
| Comment |
|---|
| TSM Taiwan Semiconductor Manufacturing Co. R (Taiwan) ADR ($87.95) - Semiconductors - Raise stop to $75, which would violate multiple support levels on TSM's default chart. |
| TFC Truist Financial Corp R ($44.47) - Banks - Raise stop to $37, the bullish support line. |
| HOLX Hologic Incorporated R ($71.59) - Healthcare - Raise stop to $59, which would violate multiple levels of support on HOLX's default chart. |
| NXST Nexstar Media Group Inc. R ($87.49) - Media - NXST hit our stop. We will exit on today's bounce. |
| DVA DaVita, Inc. R ($93.22) - Healthcare - Raise stop to $75, which would violate multiple support levels on DVA's default chart |
| ARNC Arconic Corp. R ($23.20) - Metals Non Ferrous - Okay to add new exposure here. We will maintain our $!8 stop. Note earnings are expected on 11/5. |
DWA Spotlight Stock
TTC The Toro Company R ($84.64) - Machinery and Tools - TTC is a strong 4 for 5’er within the favored machinery and tools sector that has maintained a long-term market RS buy signal since May 2010. In addition, TTC has maintained a long-term peer RS buy signal since July 2012 and continues to trade in a positive trend. In July, TTC returned to a buy signal at $69 before giving a second consecutive buy signal at $85 in September. After rallying to $88 last month, which marked a new all-time high for the stock, TTC pulled back to support at $81. With today’s market action, TTC has reversed back up into Xs. Okay to add new exposure in the low to high 80s. We will set our initial stop at $70, the bullish support line, and will use TTC’s bullish price objective of $126 as our near-term price target. Note TTC offers a 1.22% yield.
| 19 | 20 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| 88.00 | X | 88.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 87.00 | X | O | 87.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| 86.00 | A | O | 86.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| 85.00 | • | X | X | O | x | 85.00 | ||||||||||||||||||||||||||||||||||||||||||||||||
| 84.00 | X | • | • | X | O | X | X | O | b | 84.00 | ||||||||||||||||||||||||||||||||||||||||||||
| 83.00 | X | O | 2 | • | X | O | X | O | X | O | x | 83.00 | ||||||||||||||||||||||||||||||||||||||||||
| 82.00 | X | O | X | O | • | X | O | X | O | X | O | x | Mid | 82.00 | ||||||||||||||||||||||||||||||||||||||||
| 81.00 | X | 1 | O | X | O | • | X | O | O | O | 81.00 | |||||||||||||||||||||||||||||||||||||||||||
| 80.00 | X | O | X | O | O | • | X | 80.00 | ||||||||||||||||||||||||||||||||||||||||||||||
| 79.00 | C | O | X | O | • | X | 79.00 | |||||||||||||||||||||||||||||||||||||||||||||||
| 78.00 | B | O | X | O | • | X | 78.00 | |||||||||||||||||||||||||||||||||||||||||||||||
| 77.00 | X | O | X | O | X | • | 9 | 77.00 | ||||||||||||||||||||||||||||||||||||||||||||||
| 76.00 | X | O | X | O | X | O | • | X | 76.00 | |||||||||||||||||||||||||||||||||||||||||||||
| 75.00 | 5 | X | X | X | O | X | O | X | O | X | • | X | 75.00 | |||||||||||||||||||||||||||||||||||||||||
| 74.00 | X | O | X | O | X | O | X | O | X | O | 3 | O | X | O | • | X | 8 | Bot | 74.00 | |||||||||||||||||||||||||||||||||||
| 73.00 | X | O | X | X | O | 9 | O | X | O | O | X | O | X | O | • | X | O | X | 73.00 | |||||||||||||||||||||||||||||||||||
| 72.00 | X | O | X | O | X | O | X | O | X | O | X | O | X | O | • | X | O | X | 72.00 | |||||||||||||||||||||||||||||||||||
| 71.00 | X | O | X | O | X | O | X | A | O | O | X | O | • | X | X | O | X | 71.00 | ||||||||||||||||||||||||||||||||||||
| 70.00 | 4 | O | X | 8 | O | X | O | X | O | X | • | X | O | X | O | X | X | • | 70.00 | |||||||||||||||||||||||||||||||||||
| 69.00 | X | O | X | X | O | O | X | O | X | O | • | X | O | X | O | X | O | X | • | 69.00 | ||||||||||||||||||||||||||||||||||
| 68.00 | X | O | 6 | O | X | O | • | O | X | O | • | • | X | 6 | O | X | O | X | X | • | 68.00 | |||||||||||||||||||||||||||||||||
| 67.00 | X | O | X | O | X | • | • | O | X | O | X | • | X | • | X | O | X | O | 7 | O | X | • | 67.00 | |||||||||||||||||||||||||||||||
| 66.00 | X | O | X | 7 | X | • | O | X | O | X | X | O | X | X | X | O | • | X | O | O | X | O | X | • | 66.00 | |||||||||||||||||||||||||||||
| 65.00 | X | O | O | • | O | X | O | X | O | X | O | X | O | X | O | X | O | X | • | X | O | X | O | • | 65.00 | |||||||||||||||||||||||||||||
| 64.00 | X | • | O | X | O | X | O | X | O | X | O | X | O | X | O | X | O | X | O | • | • | 64.00 | ||||||||||||||||||||||||||||||||
| 63.00 | X | • | O | X | O | X | 4 | X | O | O | O | X | 5 | X | O | X | • | 63.00 | ||||||||||||||||||||||||||||||||||||
| 62.00 | X | • | O | X | O | X | O | O | X | O | X | O | X | • | 62.00 | |||||||||||||||||||||||||||||||||||||||
| 61.00 | 2 | • | O | X | O | X | O | • | O | • | O | X | • | 61.00 | ||||||||||||||||||||||||||||||||||||||||
| 60.00 | X | • | O | X | O | X | X | • | • | O | X | • | 60.00 | |||||||||||||||||||||||||||||||||||||||||
| 59.00 | X | • | O | X | O | X | O | X | • | O | X | • | 59.00 | |||||||||||||||||||||||||||||||||||||||||
| 58.00 | O | X | • | O | O | X | O | X | • | O | • | 58.00 | ||||||||||||||||||||||||||||||||||||||||||
| 57.00 | O | 1 | • | O | X | O | X | • | • | 57.00 | ||||||||||||||||||||||||||||||||||||||||||||
| 56.00 | O | X | • | O | X | O | X | • | 56.00 | |||||||||||||||||||||||||||||||||||||||||||||
| 55.00 | O | X | • | O | X | O | X | • | 55.00 | |||||||||||||||||||||||||||||||||||||||||||||
| 54.00 | O | X | • | O | X | O | X | • | 54.00 | |||||||||||||||||||||||||||||||||||||||||||||
| 53.00 | O | • | O | O | • | 53.00 | ||||||||||||||||||||||||||||||||||||||||||||||||
| 19 | 20 |
