Daily Equity Roster
Published: August 4, 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 Stryker Corporation (SYK).

 

Long Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
GPK Graphic Packaging Intl. Forest Prods/Paper $22.92 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 $238.76 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 $36.23 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
TXRH Texas Roadhouse, Inc. Restaurants $110.93 100s 125 90 5 TA rating, top half REST sector matrix, consec. buy signals, LT RS buy, 2.10% yield
BRK.B Berkshire Hathaway Inc Insurance $353.81 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 $162.93 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 $36.12 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. 8/9
PEP PepsiCo, Inc. Food Beverages/Soap $187.12 180 - lo 190s 250 152 4 TA rating, top third of FOOD sector matrix, LT RS buy, normalized entry point, 2.72% yield
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
MDLZ Mondelez International, Inc. Class A Food Beverages/Soap $75.29 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
AJG Arthur J. Gallagher & Co. Insurance $222.20 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
RSG Republic Services, Inc. Waste Management $149.12 lo 140s - mid 150s 190 120 5 TA rating, top third of WAST sector matrix, consec. buy signals, pos. wkly mom.
ALKS Alkermes Incorporated Biomedics/Genetics $27.63 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
ACA Arcosa Inc Transports/Non Air $76.02 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. 8/3
LIN Linde Plc Chemicals $380.75 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
FERG Ferguson PLC Building $158.70 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 $384.00 370s - 390s 452 320 5 for 5'er, top 25% of RETA sector matrix, triple top, Earn. 8/30
HWC Hancock Whitney Corp Banks $43.80 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 $326.66 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 $93.77 hi 80s - mid 90s 112 74 5 TA rating, top quintile of DRUG sector matrix, consec. buy signals, buy-on-pullback, Earn. 8/15
ALLE Allegion PLC Protection Safety Equipment $111.59 110s 139 98 4 for 5'er, top half of favored PROT sector matrix, pullback from 52-week high, 1.5% yield
HLT Hilton Worldwide Holdings Inc Leisure $150.66 150s 188 128 5 for 5'er, top half of favored LEIS sector matrix, LT pos mkt RS
WELL Welltower Inc. Real Estate $83.79 hi - lo 80s 100 72 5 TA rating, top quintile of REAL sector matrix, 52-wk highs, LT RS buy
CC The Chemours Company Chemicals $36.57 mid 30s 52 29 5 for 5'er, #3 of 47 in favored CHEM sector matrix, spread quad top, 2.7% yield
APAM Artisan Partners Asset Management, Inc Finance $38.30 mid 30s - lo 40s 54 31 4 TA rating, top quintile of FINA sector matrix, consec. buy signals, buy-on-pullback, R-R > 2
SYK Stryker Corporation Healthcare $275.62 mid 270s - mid 290s 356 248 4 for 5'er, 41 of 122 in HEAL sector matrix, LT pos mkt RS, pullback from ATH

Short Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes

Removed Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
VRTX Vertex Pharmaceuticals Incorporated Biomedics/Genetics $347.74 hi 330s - lo 370s 444 280 VRTX fell to sell signal on Friday. OK to hold here. Raise stop to $316

Follow-Up Comments

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DWA Spotlight Stock

 

SYK Stryker Corporation R ($283.46) - Healthcare - SYK is a 4 for 5'er that ranks 41st out of 122 names in the healthcare sector matrix and has been on a market RS buy signal since 2019. On its default chart, the stock has completed four consecutive buy signals and reached a new all-time high in June before pulling back to the middle of its trading band., offering an entry point long exposure. Positions may be added in the mid-$270s to mid $290s and we will set our initial stop at $248, which would violate SYK's bullish support line. We will use the bullish price objective, $356, as our target price.

 
                      22                                                           23                      
304.00                                                                                         X   X         304.00
300.00                                                                                         X O X O       300.00
296.00                                                                                         X O X O       296.00
292.00                                                                                         X 5 X 7 X     292.00
288.00                                                                                         4 O X O X   Mid 288.00
284.00     •               •                                                               X   X O X O X     284.00
280.00     9 • •   •       X •                 •                                           X O X O 6 8 X     280.00
276.00     X O X • X •     1 O •               X •                                         X O X O X O X     276.00
272.00 X   X O X O B O •   X O   • •   •   X   X O •                                       X O 3 O X O       272.00
268.00 X O X O X O X O   • X O     3 • X • X O X O   •                                     X O X O           268.00
264.00 X O X O X O X O X   X O     X O X O X O X O     •                               X   2 O X             264.00
260.00 X 8 X A   O • O X O X O X   X O X O X 4 • O       •                             X O X O               260.00
256.00 X O X     •   O X O X O X O X O X O   •   O         •                       X   X O X               Bot 256.00
252.00 X O     •     O C O X O 2 O X O X   •     O           •                     X O X O                   252.00
248.00       •       O X O X O X O   O X •       O             •                   X O 1               •     248.00
244.00     •         O X O • O X     O •         O X             •                 X O X             •       244.00
240.00   •           O • •   O       •           5 X O             •               X O X           •         240.00
236.00 •             •                           O X O               •             C O           •           236.00
232.00                                           O   O             X   •       •   X           •             232.00
228.00                                               O             X O   • •   X • X         •               228.00
224.00                                               6         8   X O     X • X O X       •                 224.00
220.00                                               O         X O X O     X O X O X     •                   220.00
216.00                                               O         X O X O A   X O X B X   •                     216.00
212.00                                               O         X O X O X O X O • O X •                       212.00
208.00                                               O         X O X O X O X •   O •                         208.00
204.00                                               O X   7   X 9   O   O •     •                           204.00
200.00                                               O X O X O X         •                                   200.00
198.00                                               O X O X O X       •                                     198.00
196.00                                               O X O   O X     •                                       196.00
194.00                                               O       O X   •                                         194.00
192.00                                                       O X •                                           192.00
190.00                                                       O •                                             190.00
188.00                                                       •                                               188.00
                      22                                                           23                      

 

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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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