Daily Equity Roster
Published: June 26, 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 Fortinet Inc. (FTNT).

 

Long Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
GPK Graphic Packaging Intl. Forest Prods/Paper $23.60 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
V Visa Inc. Finance $229.55 210s - 220s 262 188 5 for 5'er top third of FIN sector matrix, LT pos mkt RS, spread quintuple top
MRK Merck & Co., Inc. Drugs $114.60 mid 100s - low 110s 137 89 4 for 5'er top third of DRUG sector matrix, multiple consec buys, pullback from ATH, 2.7% yield
BJRI BJ's Restaurants Inc. Restaurants $30.37 low 30s 55 26 3 for 5'er, top third of favored REST sector matrix, triple top, pullback from 52-week high, R-R>3.5, Earn. 7/19
FI Fiserv, Inc. Computers $120.49 mid 100s - mid 110s 123 91 5 for 5'er, top 25% of COMP sector matrix, LT pos mkt RS, pullback from 52-week high
TXRH Texas Roadhouse, Inc. Restaurants $108.81 100s 125 90 5 TA rating, top half REST sector matrix, consec. buy signals, LT RS buy, 2.10% yield
UBS UBS AG (Switzerland) ADR Banks $19.76 18 - 22 38.50 16 5 for 5'er, #5 of 126 in BANK sector matrix, bullish triangle, R-R>4.0, 2.75% yield
BRK.B Berkshire Hathaway Inc Insurance $335.25 mid 300s - low 330s 396 280 5 TA rating, top third of INSU sector matrix, LT pos. trend, LT RS buy, buy-on-pullback
CLX The Clorox Company Household Goods $156.14 160s 194 136 5 for 5'er, 7th of 26 in HOUS sector matrix, RS buy signal, triple top, 2.8% yield
AER AerCap Holdings NV Aerospace Airline $60.60 hi 50s - low 60s 72 49 5 for 5'er, top half of AERO, sector matrix, triple top breakout
CBRE CBRE Group, Inc. Real Estate $75.23 72 - low 80s 91 66 4 TA rating, top half of REAL sector matrix, recent pos. trend, LT RS buy
DRI Darden Restaurants, Inc. Restaurants $161.30 mid 150s - mid 160s 192 130 5 TA rating, pos. trend, LT RS buy, pos. weekly mom., recent price normalization
CMCSA Comcast Corporation Media $40.09 hi 30s - low 40s 50 33 4 for 5'er, top third of MEDI sector matrix, multiple consec buy signal, pullback to middle of trading band, 2.94% yield
SAIA Saia, Inc. Transports/Non Air $312.46 290s - 300s 380 264 5 for 5'er, top 10% of favored TRAN sector matrix, LT pos mkt RS, bearish signal reversal, pos trend change, R-R>2.0
GE General Electric Company Electronics $103.78 hi 90s - hi 100s -- 86 5 for 5'er, #4 of 67 in ELEC sector matrix, LT pos mkt RS, triple top breakout
SKX Skechers U.S.A, Inc. Textiles/Apparel $50.78 lo-mid 50s 67 41 5 TA rating, #2 of 23 names in TEXT sector matrix, pos. trend, RS buy, price normalization
SHOP Shopify Inc Internet $63.79 hi 50s - low 60s 81 51 5 for 5'er, #1 of 52 in INET sector matrix, bullish signal reversal, R-R>2.0
CRM Salesforce Inc. Software $210.09 hi 190s - 220 258 168 4 TA rating, top 20% of SOFT sector matrix, consec. buy signals, buy-on-pullback
AXP American Express Company Finance $168.07 mid 160s - mid 170s 222 146 4 for 5'er, 14th of 72 in FINA sector matrix, pos trend flip, spread triple top, pos wkly mom flip, R-R>2.0, Earn. 7/20
IPG The Interpublic Group of Companies, Inc. Media $38.48 hi 30s - low 40s 66 32 5 for 5'er, #1 of 30 in MEDI sector matrix, spread quad top, R-R>3.0, 3.1% yield, Earn. 7/19
TTWO Take-Two Interactive Software, Inc. Software $141.85 130s 182 108 4 for 5'er, top third of favored SOFT sector matrix, one box from peer RS buy signal
RS Reliance Steel & Aluminum Co Steel/Iron $258.26 mid 240s - low 260s 320 204 5 for 5'er, #4 of 18 in favored STEE sector matrix, LT pos peer & mkt RS, triple top breakout, 1.6% yield
VVV Valvoline Inc Autos and Parts $36.06 mid - hi 30s 53 30 5 TA rating, top third in the AUTO sector RS matrix, consec. buy signals, buy-on-pullback, R-R > 2
HCA HCA Healthcare Inc. Healthcare $295.40 mid 270s - lo 300s 392 236 5 TA rating, top 20% of HEAL sector, consec. buy signals, LT market RS buy, buy-on-pullback, Earn. 7/20
PEP PepsiCo, Inc. Food Beverages/Soap $186.07 180 - lo 190s 250 152 4 TA rating, top third of FOOD sector matrix, LT RS buy, normalized entry point, 2.72% yield, Earn. 7/13
ANSS Ansys Inc Software $319.35 320s - 340s 404 280 5 for 5'er, top third of SOFT sector matrix, LT pos mkt RS, multiple consec buy signals
SEM Select Medical Holdings Corporation Healthcare $29.45 hi 20s - lo 30s 52.50 23 5 TA rating, top third of HEAL sector matrix, LT RS buy, normalized prices, recent pos. wkly mom., R-R > 3
AL Air Lease Corp. Aerospace Airline $40.18 hi 30s - low 40s 64 35 4 for 5'er, favored AERO sector matrix, bullish triangle, R-R>4.0, 1.95% yield
FTNT Fortinet Inc. Software $71.59 hi 60s - low 70s 92 60 5 for 5'er, top 25% of favored SOFT sector matrix, LT pos peer RS, triple top, good R-R

Short Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
LAUR Laureate Education Inc Business Products $11.61 (11.50-12.50) 6 13.50 0 for 5'er, LT negative trend & market RS, spread triple bottom, OBOS>100%, R-R>3.0

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DWA Spotlight Stock

 

FTNT Fortinet Inc. R ($71.44) - Software - FTNT is a 5 for 5'er that ranks in the top quartile of the favored software sector matrix and has been on a peer RS buy signal since 2015. On its default chart, FTNT has completed three consecutive buy signals, most recently breaking a triple top at $72. Long exposure may be added in the high $60s to low $70s and we will set our initial stop at $60, which would take out multiple levels of support on FTNT's default chart. We will use the bullish price objective, $92, as our target price, giving us a reward-to-risk ratio approaching 2.0.

 
                                                              23                                            
74.00                                                                                                   X     74.00
73.00                                                                                                   X O   73.00
72.00                                                                                                   X O   72.00
71.00                                                                                           X   X   X O   71.00
70.00                                                                                           X O 6 O X     70.00
69.00 •                                                                                     X   X O X O X     69.00
68.00   •                                                                                   X O X O X O X   Mid 68.00
67.00     •                                                                                 4 O X O X O       67.00
66.00       •                                                                               X O X O X         66.00
65.00         •                                                                             X O X O           65.00
64.00           •                       •                                                   X O X             64.00
63.00 O           •     •       X   X   X •                                         X       X O X         •   63.00
62.00 O             •   X •     X O X O X O •                                       X O 3   X O X       •     62.00
61.00 O X           X • X O •   X O X O X O   •                                 X   X O X O X 5       •       61.00
60.00 O X O         X O 6 O X • X O X O 8 O     •                               X O X O X O X       •         60.00
59.00 O X O         X O X O X O 7 O X O X O       • •                           X O X O   O X     •           59.00
58.00 O X O         X O X O X O X O X O X O         B • •                       X O       O     •             58.00
57.00 5 X O     X   X O   O X O X O X O X O         X O X •     •               X             •             Bot 57.00
56.00 O X O     X O X     O X O   O • O • O         X O X O •   X •             X           •                 56.00
55.00 O X O X   X O X   • O X   • •   •   O X       X O X O X • X O •           X         •                   55.00
54.00 O   O X O X O   •   O X •           O X O X   X O X O C O X O   •     X   2       •                     54.00
53.00     O X O X   •     O •             O X O X O X O X O X O X O     •   X O X     •                       53.00
52.00     O X O X •       •               O X O X O X O X O X O X O       • X O X   •                         52.00
51.00     O X O •                         O X O A O X O X O   O   O     X   X O   •                           51.00
50.00     O X •                           O X O X O X O X         O X   X O X   •                             50.00
49.00     O •                             O X O X O X O X         O X O X O X •                               49.00
48.00     •                               9   O   O X O X         O X O X O •                                 48.00
47.00                                             O X O X       • 1   O X •                                   47.00
46.00                                             O   O X     •       O •                                     46.00
45.00                                                 O X   •         •                                       45.00
44.00                                                 O X •                                                   44.00
43.00                                                 O •                                                     43.00
                                                              23                                            

 

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