Daily Equity Roster
Published: December 5, 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 Wyndham Hotels & Resorts Inc (WH).

 

Long Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
GPK Graphic Packaging Intl. Forest Prods/Paper $23.18 21 - 23 26 18 #6 of 12 in favored FORE sector matrix, LT pos mkt RS, triple top, 1.3% yield
AIG American International Group, Inc. Insurance $66.00 hi 50s - low 60s 68 52 4 for 5'er, top half of INSU sector matrix, LT pos mkt RS, multiple consec buy signals, 2.35% yield
COCO Vita Coco Company, Inc. Food Beverages/Soap $28.34 mid 20s 36 23 4 for 5'er, top decile of FOOD sector matrix, multi consec buy signals, pullback from ATH
KRG Kite Realty Group Trust Real Estate $22.75 19 - 21 34.50 16 5 for 5'er, 11 of 113 in REAL sector matrix, LT pos mkt RS, spread quintuple top, 4.65% yield
IONS Ionis Pharmaceuticals Inc. Biomedics/Genetics $51.52 42 - hi 40s 64 38 5 TA rating, top decile of BIOM matrix, consec. buy signals, LT RS buy
AXON Axon Enterprise Inc. Protection Safety Equipment $236.36 mid 200s - mid 220s 278 174 5 TA rating, higher lows, pullback from rally high, pos. wkly mom.
BG Bunge Limited Food Beverages/Soap $107.74 lo 100s - mid 110s. 169 89 5 TA rating, top decile of FOOD sector matrix, consec. buy signals, LT mkt RS pos., R-R > 3
FDX FedEx Corporation Aerospace Airline $265.60 lo 230s - mid 250s 364 190 4 TA rating, top 25% of AERO sector matrix, shakeout buy point, positive mkt RS, R-R > 2, Earn. 12/19
OKE ONEOK, Inc. Gas Utilities $70.21 low-to-mid 60s 89 55 5 for 5'er, top third of GUTI sector matrix, triple top, pullback to oversold, R-R>2.0, 5.8% yield
CME CME Group, Inc. Wall Street $219.79 200s - mid 210s 272 174 4 for 5'er, #5 of 32 in WALL sector matrix, one box from market RS buy, 2% yield
ORCL Oracle Corporation Software $115.78 mid 100s - mid 110s 138 96 5 for 5'er, top half of SOFT sector matrix, LT pos mkt RS, trend chart signal flip, 1.5% yield, Earn 12/11
CDW CDW Corp. Computers $212.60 200 - 220 278 184 4 for 5'er, top third of COMP sector matrix, LT pos mkt RS, triple top, 1.1% yield
CNC Centene Corporation Healthcare $74.03 hi 60s - hi 70s 98 60 5 TA rating, top quintile of healthcare sector matrix, consec. buy signals, LT mkt RS buy
ABCB Ameris Bancorp Banks $46.38 low 40s 57 34 4 for 5'er, top quartile of BANK sector matrix, pos trend flip, 1.4% yield
AEO American Eagle Outfitters, Inc. Retailing $19.63 16 - 19.50 33 14 5 TA rating, top quintile of RETA sector matrix, consec. buy signals, R-R > 3.5.
AMZN Amazon.com Inc. Internet $144.88 140 - lo 150s 200 118 4 TA rating, top 25% of INET sector matrix, consec. buy signals, LT pos trend
SBUX Starbucks Corporation Restaurants $97.60 mid 90s - mid 100s 137 82 4 TA rating, top 33% of REST sector matrix, LT RS buy, buy-on-pullback, R-R > 2
NVO Novo Nordisk A/S (Denmark) ADR Drugs $100.92 high-90s to high-100s 121 86 5 for 5'er, has maintained Pos. Trend since June 2004, Shakeout completed in Nov., Monthly Mom. Pos., Top Decile of Drug Matrix
MOD Modine Manufacturing Company Autos and Parts $52.60 50 - 54 77 38 4 for 5'er, new ATH, pos. trend since 7/22, top quartile of Autos Sector Matrix.
WH Wyndham Hotels & Resorts Inc Leisure $78.21 low 70s - low 80s 103 65 4 TA rating, top quartile of leisure sector matrix, consec. buy signals, LT RS buy, R-R > 2.

Short Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes

Removed Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
ACGL Arch Capital Group Ltd. Insurance $81.99     69 ACGL moved to a sell signal Monday. Current exposure may maintain the $69 stop.

Follow-Up Comments

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DWA Spotlight Stock

 

WH Wyndham Hotels & Resorts Inc R ($77.47) - Leisure - WH has a strong 4 for 5 TA rating and sits in the top quartile of the leisure sector RS matrix. This stock moved higher last week to break a spread triple top at $79, marking a second consecutive buy signal. WH has been on an RS buy signal against the market since May 2020 and moved back to a positive trend in October, highlighting further long-term technical improvement. The overall weight of the technical evidence is favorable here. The past few days of market action have seen WH retract from that high, offering a more opportune entry point. Exposure may be considered in the low $80s to mid-$70s. Our initial stop will be positioned at $65, which would violate multiple support levels and move the stock to a negative trend. The bullish price objective of $103 will serve as our price target, offering a reward-to-risk ratio north of 2.

 
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83.00                                                                                                   Top 83.00
82.00             X                                                                                     82.00
81.00         X   X O                                       X                                           81.00
80.00         X O X O                                       X O                                         80.00
79.00 X       X O X O                                       2 O 3                               C     79.00
78.00 X O     X 6   O                                       X O X O                   X   X   X     78.00
77.00 X O X   X     O                                       X O X O                   X O 9 X O X     77.00
76.00 X O X O X     O                           X           X O   O                   X O X O X O X     76.00
75.00 X O X O X     O                           X O         X     O                 X 8 X O X O X     75.00
74.00 X O   O X     O                           X O X       X     O               X X O X O X O B     74.00
73.00       O       O                           X B X O X   X     O               X O X O   O X O X   Mid 73.00
72.00               O     X   X                 X O X O X O 1     O               X O X     O X O X     72.00
71.00               O     X O 8 O           X   X O X C X O X     O             X 6 O X     O X O       71.00
70.00               O X   X O X O             X O X O   O   O X     O X           X O X O 7     O X         70.00
69.00               O X O X O X O     X       X O X         O X   O X O 4   5   X O X O X     A X         69.00
68.00               O X O X O   O     X O X   X O           O     O X O X O X O X O   O X   O X       68.00
67.00               O X O X     O     X O X O X                   O X O X O X O X     O X   O X       67.00
66.00               O X O X     O X   X O X O X                   O   O X O X O X   O     O         66.00
65.00               O X O X     9 X O X O   O X                       O   O   O X                   65.00
64.00               O X 7       O X O X     O A                               O                         64.00
63.00               O           O   O       O X                                                       Bot 63.00
62.00                                       O X                                                           62.00
61.00                                       O X                                                           61.00
60.00                                       O X                                                           60.00
59.00                                       O                                                             59.00
58.00                                                                                                     58.00
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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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