Daily Equity Roster
Published: August 18, 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 J.P. Morgan Chase & Co. (JPM).

 

Long Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
GPK Graphic Packaging Intl. Forest Prods/Paper $21.87 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 $237.37 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 $30.91 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
SEM Select Medical Holdings Corporation Healthcare $28.04 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
MDLZ Mondelez International, Inc. Class A Food Beverages/Soap $71.20 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 $220.48 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 $145.79 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 $28.72 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 $75.46 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
LIN Linde Plc Chemicals $376.36 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 $155.54 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 $376.30 370s - 390s 452 320 5 for 5'er, top 25% of RETA sector matrix, triple top, Earn. 8/30
HWC Hancock Whitney Corp Banks $41.19 hi 30s - mid 40s 66 34 5 TA rating, top half of BANK sector matrix, LT RS buy, pos. wkly mom., 2.83% yield
ALLE Allegion PLC Protection Safety Equipment $105.87 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 $149.79 150s 188 128 5 for 5'er, top half of favored LEIS sector matrix, LT pos mkt RS
WELL Welltower Inc. Real Estate $81.79 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 $32.44 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 $36.45 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 $277.93 mid 270s - mid 290s 356 248 4 for 5'er, 41 of 122 in HEAL sector matrix, LT pos mkt RS, pullback from ATH
ARES Ares Management Corp Finance $97.55 mid 90s - low 100s 122 84 5 for 5'er, top 10% of FINA sector matrix, LT pos mkt RS, multiple consec buy signals, 2.9% yield
GS Goldman Sachs Group, Inc. Wall Street $327.52 330 - mid 360s 452 284 4 TA rating, top half of WALL sector matrix, buy-on-pullback, pos. monthly mom., 3.11% yield
ATO Atmos Energy Corp Gas Utilities $116.68 mid 110s - low 120s 144 104 4 for 5'er top half GUTI sector matrix, spread quad top, pullback from ATH, R-R>2.0, 2.5% yield
IRM Iron Mountain Inc. Business Products $58.56 hi 50s - lo 60s 71 48 4 TA rating, top third of BUSI sector matrix, consec. buy signals, buy-on-pullback, 4.21% yield
KLAC KLA Corp Semiconductors $472.95 460s - low 490s 548 408 5 for 5'er, top 20% of favored SEMI sector matrix, LT pos mkt RS, triple top, pullback from ATH
ROKU Roku, Inc. Class A Media $77.23 hi 70s - mid 80s 159 67 4 for 5'er, #1 in MEDI sector matrix, triple top, pullback from 52-week high, R-R>5.0
CIVI Civitas Resources Inc. Oil $79.01 mid 70s - low 80s 91 63 4 TA rating, top quartile of OIL sector matrix, consec. buy signals, LT RS buy, buy-on-pullback, 8.87% yield
GOOGL Alphabet Inc. Class A Internet $129.92 mid 120s - mid 130s 158 104 5 TA rating, top quintile of INET sector matrix, LT RS buy, normalized prices, pos. wkly mom.
JPM J.P. Morgan Chase & Co. Banks $148.63 mid 140s - low 150s 170 122 4 for 5'er, top quintile of BANK sector matrix, LT pos peer RS, spread quad top, 2.65% yield

Short Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes

Follow-Up Comments

Comment
There are currently no follow-up comments.

DWA Spotlight Stock

 

JPM J.P. Morgan Chase & Co. R ($148.98) - Banks - JPM is a 4 for 5'er that ranks in the top quintile of the banks sector matrix and has been on a peer RS buy signal since 2007. On its default chart, JPM has completed two consecutive buy signals, most recently breaking a spread quadruple top, and reached a new 52-week high last month before pulling back to the middle of its trading band. Long exposure may be added in the mid $140s to low $150s and we will set our initial stop at $122, which would take out JPM's March low. We will use the bullish price objective, $170, as our target price. JPM also carries a 2.65% yield.

 
    22                                                               23                                    
170.00   •                                                                                                   170.00
168.00 • X •                                                                                                 168.00
166.00 O X O •                                                                                               166.00
164.00 O X O   •                                                                                             164.00
162.00 O 1 O     •                                                                                         Top 162.00
160.00 O X O       •                                                                                         160.00
158.00 C X O     X   •                                                                               X       158.00
156.00 O X O     X O   •                                                                             X O     156.00
154.00 O X O     X O     •                                                                           X O     154.00
152.00 O   O     X O       •                                                                         X 8     152.00
150.00     O X   2 O X       •                                                                       X O     150.00
148.00     O X O X O X O       •                                                                     7     Mid 148.00
146.00     O X O X O X O         •                                                                   X       146.00
144.00     O X O   O X O           •                                         X   3               X   X       144.00
142.00     O X     O X O     X       •                                   X   2 O X O         X   6 O X       142.00
140.00   • O       O   3 X   X O       •                                 X O X O X O     X   5 O X O X       140.00
138.00 •               O X O X O         •                       X       X O X O   O     X O X O X O   •     138.00
136.00                 O X O X 4           •                     X O X   1 O X     O     X O X O X   •       136.00
134.00                 O   O X O             •                   X O X O X O       O X   X O   O X •         134.00
132.00                     O X O X           X •                 X C X O X         O X O 4     O •         Bot 132.00
130.00                     O X O X O         X O •               X O   O           O X O X     •             130.00
128.00                     O   O X O         X O   •             B                 O   O X   •               128.00
126.00                         O   O 5       X 6     •           X                     O X •                 126.00
124.00                             O X O     X O     X •         X                     O •                   124.00
122.00                             O X O X   X O     X O •       X                   • •                     122.00
120.00                             O   O X O X O     X O X •     X                 •                         120.00
118.00                                 O X O X O X   8 O X O •   X               •                           118.00
116.00                                 O   O   O X O X O X O   • X             •                             116.00
114.00                                         O X O X O X O     X           •                               114.00
112.00                                         O   O X 9   O A   X         •                                 112.00
110.00                                             7 X     O X O X       •                                   110.00
108.00                                             O       O X O X     •                                     108.00
106.00                                                     O   O X   •                                       106.00
104.00                                                         O X •                                         104.00
102.00                                                         O •                                           102.00
100.00                                                         •                                             100.00
    22                                                               23                                    

 

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