Today's featured stock is Johnson Controls International PLC (JCI).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| AOS | A.O. Smith Corporation | Building | $56.36 | mid to upper 50s | 72 | 47 | 4 for 5'er, four consec buy signals, mutli-year high, market RS buy signal since 9/2008, 1.86% yield |
| SPWR | Sunpower Corporation | Electronics | $21.50 | low 20s | 33.50 | 18 | 5 for 5'er, #3 of 59 names in ELEC sector matrix, pos wkly mom flip, pot cov. write |
| BECN | Beacon Roofing Supply, Inc. | Building | $38.11 | 36 - 40 | 56 | 30 | 4 for 5'er, top third of fav DWABUIL, consec buy signals, 52 week highs, pos weekly mom flip |
| APAM | Artisan Partners Asset Management, Inc | Finance | $48.31 | mid-to-upper 40s | 53.50 | 39 | 5 for 5'er, top 20% of FINA sector matrix, multiple buy signals, pos wkly mom flip, 6% yield |
| CZR | Caesars Entertainment Inc. | Gaming | $69.90 | low-to-mid 70s | 88 | 62 | 4 for 5'er, #1 of 12 in favored GAME sector matrix, triple top breakout, pot. covered write |
| APPS | Digital Turbine Inc. | Computers | $43.55 | low to upper 40s | 78 | 35 | 5 for 5'er, LT market RS buy signal, consec buy signals, pullback from ATH,fav COMP sector |
| MLM | Martin Marietta Materials In | Building | $267.20 | 270s - 290s | 312 | 236 | 3 for 5'er, top half of favored BUIL sector matrix, spread quintuple top, |
| CVNA | Carvana Company | Autos and Parts | $258.26 | 230s - 260s | 348 | 204 | 4 for 5'er, pullback from ATH, pos weekly mom, fav DWAAUTO |
| LASR | nLIGHT, Inc. | Semiconductors | $33.35 | low-to-mid 30s | 55 | 27 | 5 for 5'er, top 10% of SEMI sector matrix, consec buy signals, pullback from multi-year high |
| JCI | Johnson Controls International PLC | Protection Safety Equipment | $45.55 | mid 30s | 58 | 39 | 4 for 5'er, top half of PROT sector matrix, multiple buy signals 2.3% yield, R-R>2.0 |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|
Follow-Up Comments
| Comment |
|---|
| AMAT Applied Materials, Inc. R ($88.74) - Semiconductors - We will now raise our stop to $80.50, which would take out two levels of support on AMAT's $0.50 chart. |
| PVH Phillips-Van Heusen Corporation R ($94.26) - Textiles/Apparel - We will now raise our stop to $79, the second potential sell signal on PVH's default chart. |
| TTC The Toro Company R ($91.95) - Machinery and Tools - We will now raise our stop to $80, a potential spread quad bottom break on TTC's default chart. |
| SGMS Scientific Games Corporation R ($39.26) - Gaming - We will now raise our stop to $35, the first potential sell signal on SGMS's default chart. |
| BLMN Bloomin' Brands Inc R ($18.24) - Restaurants - We will now raise our stop to $15, the first potential sell signal on BLMN's default chart. |
| CVNA Carvana Company R ($247.98) - Autos and Parts - CVNA sell to a sell signal in Monday's trading. OK to hold here. Raise stop to $220, the next potential sell signal on CVNA's default chart. |
DWA Spotlight Stock
JCI Johnson Controls International PLC R ($45.21) - Protection Safety Equipment - JCI is a 4 for 5'er that ranks in the top half of the protection safety equipment sector matrix. On its default chart, JCI has given five consecutive buy signals and currently sits one box away from reaching a new all-time high at $48. JCI also comes with a 2.3% yield. Long exposure may be added in the mid $40s and we will set our initial stop at $39, the potential trend line violation on JCI's default chart. We will use the bullish price objective of $58 as our target price, giving us a reward-to-risk ratio north of 2.0
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