Today's featured stock is Graco Inc (GGG)
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| GTES | Gates Industrial Corporation plc | Business Products | $17.90 | high 10s | 22 | 14 | 4 for 5'er, top 1/3 of business products sector RS matrix, bullish triangle, multi-year highs, consec buys Earnings 8/2 |
| GFL | GFL Environmental Inc | Waste Management | $31.94 | low to upper 30s | 38 | 26 | 5 for 5'er, 5 consec buy signals, pullback from ATH Earnings 7/28 |
| AKR | Acadia Realty Trust | Real Estate | $20.90 | 20 - 22 | 28 | 18 | 4 for 5'er, #6 of 154 in REAL sector matrix, one box from RS buy signal, 2.7% yield Earnings 7/28 |
| STOR | Store Capital Corp. | Real Estate | $36.07 | mid-to-upper 30s | 47.50 | 30 | 5 for 5'er, multiple buy signals, one box from 52-week high, 4.1% yield, R-R>2.0 Earn. 8/5 |
| RVNC | Revance Therapeutics, Inc | Biomedics/Genetics | $30.27 | hi 20s - low 30s | 40 | 26 | 5 for 5'er, top 25% of BIOM sector matrix, quad top breakout, positive trend change, pos monthly mom flip Earnings 8/4 |
| NDLS | Noodles & Company | Restaurants | $12.15 | 11.50 - 13.50 | 20 | 10 | 5 for 5'er, #1 of 28 in REST sector matrix, triple top, pullback to mid of trading band, R-R>2.5 Earnings 8/4 |
| SEM | Select Medical Holdings Corporation | Healthcare | $38.77 | hi 30s - low 40s | 58 | 35 | 5 for 5'er, #8 of 116 names in favored HEAL sector matrix, multiple buy signals, good R-R, Earn. 7/28 |
| HOME** | AT Home Group Inc | Retailing | $36.99 | mid to upper 30s | 41 | 29 | 5 for 5'er, top 10% of favored DWARETA, 4 consec buy signals, multi-year high |
| UE | Urban Edge Properties | Real Estate | $18.73 | 18 - 19.50 | 29.50 | 16 | 5 for 5'er, top 10% of REAL sector matrix, pullback from 52-week high, 3.1% yield, R-R>3.0 Earn. 8/4 |
| JBL | Jabil Circuit, Inc. | Electronics | $55.62 | low to high 50s | 73 | $47 | 4 for 5'er, multi-year highs, consecutive buy signals, top 10% of DWAELEC |
| OXY | Occidental Petroleum Corporation | Oil | $27.01 | upper 20s - lower 30s | 33.50 | 22 | 3 for 5'er, top half of favored OIL sector matrix, bullish triangle, pullback from 52-week high, Earn 8/3 |
| TW | Tradeweb Markets, Inc. Class A | Business Products | $87.76 | 80s | 100 | 71 | 4 for 5'er, top 20% of BUSI sector matrix, triple top, pullback from ATH Earnings 7/29 |
| UNH | UnitedHealth Group Incorporated | Healthcare | $415.77 | 390-420 | 496 | 340 | 4 for 5'er, top half of favored DWAHEAL matrix, consec buy signals, pullback from ATH, pos weekly mom flip, 1.38% yield |
| MS | Morgan Stanley | Wall Street | $95.57 | 90s | 109 | 83 | 5 for 5'er, top 10% of WALL sector matrix, spread triple top, LT pos mkt RS, 3.1% yield |
| ENTG | Entegris Inc. | Semiconductors | $118.41 | 110s to high 120s | 170 | 95 | 5 for 5'er, pullback from ATH, long-term market RS buy signal, top 25% of DWASEMI Earnings 7/27 |
| GGG | Graco Inc | Machinery and Tools | $76.10 | mid 70s to low 80s | 108 | 64 | 4 for 5'er, consec buy signals, pullback from ATH, 1 box from bullish triangle, pos weekly momentum, long-term market & peer RS buy signals |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| OPEN | Opendoor Technologies Inc. | Wall Street | $14.52 | low to mid 10s | 2 | 19.50 | 0 for 5'er, 4 consecutive sell signals, negative trend, bottom of DWAWALL matrix, negative monthly momentum, Earn. 8/11 |
| RAMP | Liveramp Holdings Inc. | Business Products | $40.92 | high 40s to high 30s | 36 | 51 | 0 for 5'er, 10 consec sell signals, 52 week lows, negative monthly mom flip, negative trend Earnings 8/9 |
Removed Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| ASML | Asm Lithograpghy HLDG NV (Netherlands) ADR | Semiconductors | $729.92 | mid-to-upper 600s | 856 | 592 | See follow comment below. |
Follow-Up Comments
| Comment |
|---|
| ASML Asm Lithograpghy HLDG NV R (Netherlands) ADR ($748.71) - Semiconductors - ASML has moved outside of our actionable range with today’s move and a new all-time high at $744. We will maintain our $592 stop. |
DWA Spotlight Stock
GGG Graco Inc R ($76.42) - Machinery and Tools - GGG is a strong buy as it is a 4 for 5’er within the machinery and tools sector stock matrix. This stock trades on a buy signal and sits one box from giving a second at $79, which would also complete a bullish triangle pattern. GGG has maintained long-term strength versus the market since giving a market RS buy signal in April 2017 and has maintained a peer RS buy signal since December 2015. Furthermore, weekly momentum has been positive for three weeks, adding to the positive technical picture. Okay to add new exposure in the mid-70s to low 80s. We will set our initial stop at $64, which would take out multiple levels of support on the chart, and will use GGG’s bullish price objective of $108 as our near-term price target.
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