Daily Equity Roster
Published: July 27, 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 Cardinal Health, Inc. (CAH).

 

Long Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
GPK Graphic Packaging Intl. Forest Prods/Paper $23.95 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, Earn. 8/1
V Visa Inc. Finance $237.10 210s - 220s 262 188 5 for 5'er top third of FIN sector matrix, LT pos mkt RS, spread quintuple top
BJRI BJ's Restaurants Inc. Restaurants $33.58 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. 7/27
TXRH Texas Roadhouse, Inc. Restaurants $112.93 100s 125 90 5 TA rating, top half REST sector matrix, consec. buy signals, LT RS buy, 2.10% yield, Earn. 7/27
BRK.B Berkshire Hathaway Inc Insurance $349.80 mid 300s - low 330s 396 280 5 TA rating, top third of INSU sector matrix, LT pos. trend, LT RS buy, buy-on-pullback
DRI Darden Restaurants, Inc. Restaurants $169.02 mid 150s - mid 160s 192 130 5 TA rating, pos. trend, LT RS buy, pos. weekly mom., recent price normalization
VVV Valvoline Inc Autos and Parts $39.45 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
PEP PepsiCo, Inc. Food Beverages/Soap $191.60 180 - lo 190s 250 152 4 TA rating, top third of FOOD sector matrix, LT RS buy, normalized entry point, 2.72% yield
ANSS Ansys Inc Software $338.48 320s - 340s 404 280 5 for 5'er, top third of SOFT sector matrix, LT pos mkt RS, multiple consec buy signals, Earn. 8/2
SEM Select Medical Holdings Corporation Healthcare $31.17 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
MDLZ Mondelez International, Inc. Class A Food Beverages/Soap $73.67 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. 7/27
AJG Arthur J. Gallagher & Co. Insurance $219.75 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
RSG Republic Services, Inc. Waste Management $152.87 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 $30.05 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, Earn. 7/27
AFL AFLAC Incorporated Insurance $72.77 hi 60s - lo 70s 87 56 5 TA rating, top quintile of INSU sector matrix, LT pos. trend, RS buy, recent consec. buy signals, Earn. 8/1
ACA Arcosa Inc Transports/Non Air $76.33 low-to-mid $70s 98 65 4 for 5'er, #8 of 50 in favored TRAN sector matrix, one box from peer RS buy signal, R-R>2.0, Earn. 8/1
LIN Linde Plc Chemicals $388.21 370s - 380s 440 316 5 for 5'er, #6 of 47 in favored CHEM sector matrix, LT pos mkt RS, triple top, 1.35% yield
VRTX Vertex Pharmaceuticals Incorporated Biomedics/Genetics $351.91 hi 330s - lo 370s 444 280 4 TA rating, top half of BIOM sector matrix, consec. buy signals, LT RS buy, pos. wkly and mo. momentum flips, Earn. 8/1
SPB Spectrum Brands Holdings Food Beverages/Soap $78.18 mid-to-hi 70s 97 63 5 for 5'er, #3 of 78 in favored FOOD sector matrix, LT pos mkt RS, 2.2% yield, Earn 8/10
FERG Ferguson PLC Building $160.69 lo 150s - mid 160s 204 132 4 TA rating, LT mkt RS buy & pos. trend, consec. buy signals, near-term price consolidation
LULU Lululemon Athletica Inc. Retailing $378.98 370s - 390s 452 320 5 for 5'er, top 25% of RETA sector matrix, triple top
INTU Intuit Inc. Software $496.86 470s - 490s 672 400 4 for 5'er, favored SOFT sector matrix, LT pos mkt RS, spread quintuple top, pos trend flip, Earn. 8/21
HWC Hancock Whitney Corp Banks $44.49 hi 30s - mid 40s 66 34 5 TA rating, top half of BANK sector matrix, LT RS buy, pos. wkly mom., 2.83% yield
MSFT Microsoft Corporation Software $337.77 330s - 350s 376 272 5 for 5'er, top third of favored SOFT sector matrix, LT pos RS, multiple buy signals, pullback from ATH
CAH Cardinal Health, Inc. Drugs $92.28 hi 80s - mid 90s 112 74 5 TA rating, top quintile of DRUG sector matrix, consec. buy signals, buy-on-pullback, Earn. 8/15

Short Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
LAUR Laureate Education Inc Business Products $12.49 (11.50-12.50) 6 13.50 2 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
CMCSA Comcast Corporation Media $42.91     37 CMCSA moved into overbought territory after releasing earnings Thursday. We will raise our stop to $37.
HCA HCA Healthcare Inc. Healthcare $282.18     236 HCA moved to a sell signal Thursday. Current exposure may maintain the $236 stop.

Follow-Up Comments

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DWA Spotlight Stock

 

CAH Cardinal Health, Inc. R ($92.43) - Drugs - CAH has a strong 5 for 5 TA rating and sits in the top quintile of the drugs sector RS matrix. The stock moved back into a positive trend in April and continued higher to give three consecutive buy signals before reaching a new all-time high at $95 last month. We also saw the stock move back to a relative strength buy signal against the market last month, adding to the positive technical picture. The market action over the last two weeks saw CAH pull back from that extended position, offering a more opportune entry point for potential long investors. Exposure may be considered in the high $80s to mid-$90s. Our initial stop will be set at $74, which would violate multiple support levels and move the stock into a negative trend. The bullish price objective of $112 will serve as our price target. Note that earnings are expected on 8/15.

 
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94.00                                                                                                   X O   94.00
93.00                                                                                                   X O   93.00
92.00                                                                                                   X 7   92.00
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89.00                                                                                                   X   Mid 89.00
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86.00                                                                                               X O X     86.00
85.00                                                                                               X O X     85.00
84.00                                                                                               X O 6     84.00
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81.00                                                               X   C               •       X O X O     Bot 81.00
80.00                                                               X O X O         X   X •     X O X         80.00
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74.00                                                               X O       O           O     X         •   74.00
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71.00                                               X   9 O     X   X                     O X O X   •         71.00
70.00                                               X O X O     A O X                   • O X O X •           70.00
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60.00   X   X •                     X O       •     8               •                                         60.00
59.00   X O 7 O •                   4 O         •   X             •                                           59.00
58.00 O 6 O X O   •                 X O X   X     • X           •                                             58.00
57.00 O X O X 8     •               X 5 X O X O     X         •                                               57.00
56.00 O X O • O       •             X O X O X O     X       •                                                 56.00
55.00 O • •   O         •       X   3 O   O X 6 X   7     •                                                   55.00
54.00 •       O         X • •   X O X   • O   O X O X   •                                                     54.00
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52.00         O X O     X O X O X O •         O X O •                                                         52.00
51.00         O X O B   X O X O X •           O X •                                                           51.00
50.00         O   O X O X O X O •             O •                                                             50.00
49.00             A X O X O   •               •                                                               49.00
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