Daily Equity Roster
Published: February 10, 2023
This content is for informational purposes only. This should not be construed as solicitation. The general public should consult their financial advisor for additional information related to investment decisions.
Today's featured stock is Illinois Tool Works Inc.(ITW).

 

Long Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
GPK Graphic Packaging Intl. Forest Prods/Paper $23.20 21 - 23 26 18 5 for 5'er, #2 of 15 in favored FORE sector matrix, LT pos mkt RS, triple top, 1.3% yield
RF Regions Financial Corporation Banks $23.53 low 20s 32.50 17.50 4 for 5'er, top half of favored BANK sector matrix, one box from RS buy signal, R-R>3.0, 3.6% yield
AES The AES Corporation Utilities/Electricity $25.58 lo-mid 20s 43.50 18.50 5 TA rating, top quintile EUTI sector, buy-on-pullback, 2.52% yield, R-R > 4.5, Earn. 2/27
PGR The Progressive Corporation Insurance $137.18 low 120s - low 130s 168 106 4 for 5'er, top quartile of favored INSU sector matrix, one box from mkt RS buy, spread triple top
BDX Becton, Dickinson and Company Healthcare $245.23 240s - mid 250s 308 212 5 for 5'er, LT pos mkt RS, quad top breakout, pos trend change, 1.5% yield,
EAT Brinker International Inc Restaurants $40.67 mid 30s 56 27 4 TA rating, top quintile REST sector matrix, 4 consec. buy signals, R-R > 2,
TECK Teck Resources Limited Metals Non Ferrous $42.00 mid-to-high $30s 51 31 5 for 5'er, top half of favored META sector matrix, triple top, pos trend flip, R-R>2.0, Earn. 2/21
COHU Cohu, Inc. Semiconductors $36.65 mid 30s 51 29 4 for 5'er. top 10% of SEMI sector matrix, big base breakout, R-R>2.5, Earn. 2/16
TJX The TJX Companies, Inc. Retailing $80.76 77 - 81 94 62 4 for 5'er, top quintile of RETA sector matrix, multiple consec buy signals, 1.5% yield. Earn. 2/21
TRI Thomson Reuters Corporation Media $114.96   hi 100s - mid 110s 91 4 for 5'er, 5th of 44 in MEDI sector matrix, one box from mkt RS buy signal, bullish triangle, R-R>2.0, 1.6% yield, Earn. 2/9
TSCO Tractor Supply Company Retailing $233.76 mid 210s - high 230s 298 186 5 TA rating, LT market RS buy, recent peer RS buy, top half RETA sector matrix
MSI Motorola Solutions Inc. Telephone $257.15 hi 240s - lo 270s 316 212 5 TA rating, top decile of TELE sector matrix, consec. buy signals, LT mkt RS buy, Earn. 2/9
AON Aon Corporation Insurance $317.38 mid 290s - low 310s 324 264 4 for 5'er, top half of favored INSU sector matrix, one box from mkt RS buy signal, bullish catapult
V Visa Inc. Finance $229.35 210s - 220s 262 188 5 for 5'er top third of FIN sector matrix, LT pos mkt RS, spread quintuple top
APO Apollo Global Management Inc. Wall Street $68.40 mid 60s - low 70s 92 56 5 TA rating, 5 consec. buy signals, LT RS buy, 2.41% yield, R-R > 2
AME Ametek Inc Electronics $144.36 hi 130s - lo 150s 186 124 5 TA rating, top half of ELEC sector matrix, 4 consec. buys, recent pos. wkly mom., LT RS buy,
ADC Agree Realty Corporation Real Estate $71.80 low-to-mid $70s 88 63 4 for 5'er, top half of REAL sector matrix. multiple consec buy signals, 3.9% yield, Earn. 2/14
DKS Dick's Sporting Goods, Inc. Retailing $129.79 lo 120s - mid 130s 176 106 5 TA rating, top quintile of RETA sector matrix, R-R > 2.50, Earn. 3/7
AVGO Broadcom Ltd Semiconductors $599.41 mid 560s - lo 620s 696 496 5 TA rating, top half SEMI sector matrix, fifth consec. buy signal, bullish triangle, LT mkt RS buy, Earn. 3/2
UNVR Univar Solutions Inc. Chemicals $33.12 mid-30s 59 28 5 TA rating, top decile CHEM sector, consec. buy signals, recent pos. wkly mom., R-R > 3, Earn. 2/21
CMI Cummins Inc. Machinery and Tools $246.16 240 - 260 300 212 4 for 5'er, top half of favored MACH sector matrix, triple top, 2.45% yield
TT Trane Technologies PLC Machinery and Tools $181.56 mid 170s - mid 180s 228 158 5 for 5'er, top half of favored MACH sector matrix, LT pos mkt RS, big base breakout, buy on pullback, 1.45% yield
OLN Olin Corp Chemicals $60.09 upper 50s - low 60s 85 50 5 TA rating, top 20% of Chemicals sector matrix, buy-on-pullback, R-R > 2
ITW Illinois Tool Works Inc. Machinery and Tools $235.01 220s - 240s - 194 3 for 5'er, favored MACH sector, LT pos mkt RS, multiple consec buy signals, pullback from ATH, 2.2% yield

Short Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
GO Grocery Outlet Holding Corp. Retailing $29.88 (29 - 32) 17 36 0 for 5'er, bottom decile of RETA sector matrix, LT neg market RS, R-R>2.0, Earn. 2/27

Follow-Up Comments

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DWA Spotlight Stock

 

ITW Illinois Tool Works Inc. R ($235.40) - Machinery and Tools - ITW is a 3 for 5'er, member of the favored machinery and tools sector matrix, that has been on a market RS buy since 2016. ON its default chart, ITW has completed four consecutive buy signals, most recently breaking a double top at $236, which carries the stock to a new all-time high and heavily overbought territory. The stock subsequently pulled back to the mid $230s, offering an try point for new long exposure. Positions may be added in the mid $220s to low $240s and we will set our initial stop at $194, the potential trend line violation on ITW's default chart. ITW also carries a 2.2% yield.

 
                  21                   22                                                         23          
252.00                                   •                                                               X   Top 252.00
248.00                                   X • •                                                           X O   248.00
244.00                               X   C O X •                                                         X O   244.00
240.00                       X       X O X O 2 O •                                                       2 O   240.00
236.00                       5 O     X O X 1 X O   •                                                     X O   236.00
232.00                       4 O 8   B O   O X O     •                                               X   X     232.00
228.00                       X O X O X     O   O       •                                         X   1 O X     228.00
224.00               X       X 6 X O X         O         •                                       X O X O X   Mid 224.00
220.00               X O     X O   9 A         O X         •                 •                   X O X O       220.00
216.00               X O     X     O X         O X O         •               X •                 B C           216.00
212.00               X O     X     O X         O X O     X     •             8 O •               X             212.00
208.00           X   X O     3     O           3 X 4 X   X O X   •           X O X •             X             208.00
204.00           X O X O     X                 O   O X O X O X O   •         X O X O •           X             204.00
200.00   X       X O B C X   2                     O X O X O X O     •       X O 9 O   •         X             200.00
198.00 O X O X   X O X 1 X O X                     O X O X O   6       •     X O X O X   •       X           Bot 198.00
196.00 O X O X O X O X O X O X                   • O   5       O         •   X O X O X O   • X   X         •   196.00
194.00 9 X O X O X O   O   O                   •               O           • X O   O X O X   X O X       •     194.00
192.00 O X O X O X                           •                 O             X     O   O X O X O X     •       192.00
190.00 O   O   A                           •                   O             X         O X O X O     •         190.00
188.00                                   •                     O X           X         O A O X     •           188.00
186.00                                 •                       O X O     X   X         O X O X   •             186.00
184.00                               •                         O X O 7   X O X         O X O X •               184.00
182.00                             •                           O X O X O X O X       • O   O •                 182.00
180.00                           •                             O X O X O X O X     •       •                   180.00
178.00                         •                               O   O   O   O X   •                             178.00
176.00                       •                                             O X •                               176.00
174.00                     •                                               O •                                 174.00
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This report is for Internal Use Only and not for distribution to the public. While we make every effort to be free of errors in this report, it contains data obtained from other sources. We believe these sources to be reliable, but we cannot guarantee their accuracy. Investors who use options should read the Options Disclosure Document before making any particular investment decision. Officers or employees of this firm may now or in the future have a position in the stocks mentioned in this report. Dorsey, Wright is a Registered Investment Advisor with the U.S. Securities & Exchange Commission. Copies of Form ADV Part II are available upon request.
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