Daily Equity Roster
Published: July 12, 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 Alkermes Incorporated (ALKS).

 

Long Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
GPK Graphic Packaging Intl. Forest Prods/Paper $24.28 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 $240.55 210s - 220s 262 188 5 for 5'er top third of FIN sector matrix, LT pos mkt RS, spread quintuple top, Earn. 7/25
MRK Merck & Co., Inc. Drugs $108.70 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, Earn. 8/1
BJRI BJ's Restaurants Inc. Restaurants $31.93 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
TXRH Texas Roadhouse, Inc. Restaurants $113.94 100s 125 90 5 TA rating, top half REST sector matrix, consec. buy signals, LT RS buy, 2.10% yield, Earn. 7/27
UBS UBS AG (Switzerland) ADR Banks $20.31 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 $343.37 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 $154.85 160s 194 136 5 for 5'er, 7th of 26 in HOUS sector matrix, RS buy signal, triple top, 2.8% yield, Earn. 8/2
DRI Darden Restaurants, Inc. Restaurants $166.56 mid 150s - mid 160s 192 130 5 TA rating, pos. trend, LT RS buy, pos. weekly mom., recent price normalization
CMCSA Comcast Corporation Media $42.01 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, Earn. 7/27
GE General Electric Company Electronics $111.22 hi 90s - hi 100s -- 86 5 for 5'er, #4 of 67 in ELEC sector matrix, LT pos mkt RS, triple top breakout, Earn. 7/25
CRM Salesforce Inc. Software $221.17 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 $174.64 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. 7/21
IPG The Interpublic Group of Companies, Inc. Media $38.85 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. 7/21
VVV Valvoline Inc Autos and Parts $37.46 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, Earn. 8/1
HCA HCA Healthcare Inc. Healthcare $294.69 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. 7/27
PEP PepsiCo, Inc. Food Beverages/Soap $183.98 180 - 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 $333.72 320s - 340s 404 280 5 for 5'er, top third of SOFT sector matrix, LT pos mkt RS, multiple consec buy signals, Earn. 8/1
SEM Select Medical Holdings Corporation Healthcare $30.44 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, Earn. 8/3
AL Air Lease Corp. Aerospace Airline $42.58 hi 30s - low 40s 64 35 4 for 5'er, favored AERO sector matrix, bullish triangle, R-R>4.0, 1.95% yield, Earn. 8/3
MMC Marsh & McLennan Companies, Inc. Insurance $186.90 mid 170s - low 190s 244 150 5 TA rating, top third of INSU sector matrix, LT RS buy, consec. buy signals, pos wkly mom, Earn. 7/20
BRO Brown & Brown, Inc. Insurance $69.44 mid-to-upper 60s 93 55 5 for 5'er, favored INSU sector matrix, LT pos mkt RS, R-R>2.0, Earn. 7/24
SFM Sprouts Farmers Market, LLC Food Beverages/Soap $38.26 mid-hi 30s $49 $29 5 TA rating, top quintile of favored FOOD matrix, LT pos trend, pos. monthly mom., Earn. 8/1
MDLZ Mondelez International, Inc. Class A Food Beverages/Soap $70.89 hi 60s - mid 70s 95 59 4 for 5'er. top 25% of favored FOOD sector matrix, multiple buy signals, pullback from ATH, 2.1% yield, Earn. 7/24
CXM Sprinklr, Inc. Class A Software $14.30 13 - 14 24.50 11 5 for 5'er. 22 of 138 in favored SOFT sector matrix, spread quintuple top, pullback to old resistance, R-R>3.5
AJG Arthur J. Gallagher & Co. Insurance $216.35 hi 200s - hi 210s 298 180 5 for 5'er, 10 of 71 in favored INSU sector matrix, LT pos mkt RS, R-R>2.0, Earn. 7/27
CRSR Corsair Gaming, Inc. Leisure $17.53 17 - 18.50 26 14.50 5 for 5'er, top third of favored LEIS sector matrix, spread quad top, R-R~3.0, Earn. 8/2
RSG Republic Services, Inc. Waste Management $149.85 lo 140s - mid 150s 190 120 5 TA rating, top third of WAST sector matrix, consec. buy signals, pos. wkly mom., Earn. 7/31
ALKS Alkermes Incorporated Biomedics/Genetics $30.24 hi 20s - low 30s 48 24 5 for 5'er, top half of favored BIOM sector matrix, spread triple top, pull back from 52-week high, R-R>3.0

Short Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
LAUR Laureate Education Inc Business Products $12.30 (11.50-12.50) 6 13.50 0 for 5'er, LT negative trend & market RS, spread triple bottom, R-R>3.0, Earn. 8/2

Removed Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
FI Fiserv, Inc. Computers $126.99 mid 100s - mid 110s 123 91 FI has moved into heavily overbought territory. OK to hold here. Raise stop to $102 Earn. 7/24
AER AerCap Holdings NV Aerospace Airline $64.40 hi 50s - low 60s 72 49 AER has moved into heavily overbought territory. OK hold here. Raise stop to $53Earn. 7/31
CBRE CBRE Group, Inc. Real Estate $83.80 72 - low 80s 91 66 CBRE has moved into heavily overbought territory. OK to hold here. Raise stop to $71. B>Earn. 7/27
FTNT Fortinet Inc. Software $78.32 hi 60s - low 70s 92 60 FTNT has moved into heavily overbought territory. OK to hold here. Raise stop to $66 Earn. 8/3
FND Floor & Decor Holdings Inc Retailing $109.00 hi 90s - mid 100s 115 87 FND has moved into heavily overbought territory. OK to hold here. Raise stop to $94 Earn. 8/2

Follow-Up Comments

Comment
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DWA Spotlight Stock

 

ALKS Alkermes Incorporated R ($29.93) - Biomedics/Genetics - ALKS is a 5 for 5'er that ranks in the top half of the favored biomedics/genetics sector matrix. Late lost month, ALKS broke a spread triple top at $33, taking out resistance that had been in place since April 2022. The stock has subsequently pulled back to the middle of its trading band, offering an entry point for long exposure. Positions may be added in the high $20s to low $30s and we will set our initial stop at $$24, the potential trend line violation on ALKS default chart. We will use the bullish price objective, $48, as our target price, giving us a reward-to-risk ratio north of 3.0.

 
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36.00 O •                                                                                                     36.00
35.00 O   •                                                                                                 Top 35.00
34.00 O     •                                                                                                 34.00
33.00 O       •                                                         A                       •       X     33.00
32.00 O         •                                                       9 O             X       X •     6 O   32.00
31.00 O           •                                                     X O B           X O     7 O •   5 O   31.00
30.00 O             •                                                   X O X O         X O X   X O   • X 7 Mid 30.00
29.00 5               •                                                 X O X O         4 O X O X O X   4     29.00
28.00 O                 •                                               X O   O         X 5 X O X O X O X     28.00
27.00 O                   •                                             8     O         X O   6 • O 1 O X     27.00
26.00 O                     •                                           7     O X   X   X     •   O C 3     Bot 26.00
25.00 O                       •                                         X     O 1 O X O X   •     8 B     •   25.00
24.00 O                         •                                       X     O X O X O X •       O X   •     24.00
23.00 O X   X                     •                             X       6     O X 2 • 3 •         9 X •       23.00
22.00 O X O 9 O                     •                       X   X O     X     O   •   •           O •         22.00
21.00 7 X O X O B       X             •         •           X O X O     X       •                 •           21.00
20.00 O   8 X O X O X   X O             •   7   X •         X O X 2 X   X     •                               20.00
19.50     O   O X O X O X O               • X O X O •   •   X 1   O X O X   •                                 19.50
19.00         O X 1 X O X 3                 X O X O X • X • C     O X O X •                                   19.00
18.50         A X O X O X O                 X O   O X O X O X     3   4 •                                     18.50
18.00         O X O X O X O                 X     O X O X O X         •                                       18.00
17.50         O   O X O X O             6   X     8 9 O X O X       •                                         17.50
17.00             2   O   O         X   X O X     O X O X O B     •                                           17.00
16.50                     O         X O X O X     O X O X O X   •                                             16.50
16.00                     O X       X O X O       O • A • O X •                                               16.00
15.50                     O X O     X O X       • •   •   O •                                                 15.50
15.00                     O X O X   4 O X     •           •                                                   15.00
14.50                     O   O X O X O X   •                                                                 14.50
14.00                         O X O X O X •                                                                   14.00
13.50                         O X O X 5 •                                                                     13.50
13.00                         O X O • •                                                                       13.00
12.50                         O X •                                                                           12.50
12.00                         O •                                                                             12.00
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