Daily Equity Roster
Published: December 11, 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 Fluor Corporation (FLR).

 

Long Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
GPK Graphic Packaging Intl. Forest Prods/Paper $23.30 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 $65.53 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 $27.20 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 $22.00 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 $48.69 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 $236.38 mid 200s - mid 220s 278 174 5 TA rating, higher lows, pullback from rally high, pos. wkly mom.
BG Bunge Limited Food Beverages/Soap $104.50 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 $272.21 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 $68.24 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 $211.62 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 $113.61 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
CDW CDW Corp. Computers $213.19 200 - 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 $73.77 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 $47.00 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 $20.17 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 $147.42 140 - lo 150s 200 118 4 TA rating, top 25% of INET sector matrix, consec. buy signals, LT pos trend
SBUX Starbucks Corporation Restaurants $96.61 mid 90s - mid 100s 137 82 4 TA rating, top 33% of REST sector matrix, LT RS buy, buy-on-pullback, R-R > 2
MOD Modine Manufacturing Company Autos and Parts $53.36 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 $78.32 low 70s - low 80s 103 65 4 TA rating, top quartile of leisure sector matrix, consec. buy signals, LT RS buy, R-R > 2.
URI United Rentals, Inc. Machinery and Tools $495.06 450s - lo 500s 692 384 5 TA rating, pos. trend, consec. buys, LT mkt RS buy, R-R > 2
DELL Dell Technologies Inc Class C Computers $68.70 mid 60s - lo 70s 101 52 5 TA rating, top 20% of COMP sector matrix, buy-on-pullback, R-R > 2
ORLY O'Reilly Automotive, Inc. Autos and Parts $945.88 912 - 992 1264 792 5 for 5'er, Mkt. RS Buy since 9/2002, Peer RS Buy since 8/2011, Pullback from Recent ATH.
FLR Fluor Corporation Building $38.17 hi 30s 49 32 4 for 5'er, top half of favored BUIL sector matrix, spread quad top breakout

Short Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes

Removed Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
NVO Novo Nordisk A/S (Denmark) ADR Drugs $96.64 high-90s to high-100s 121 86 NVO fell to a sell signal Monday. OK to hold here. Maintain $86 stop.

Follow-Up Comments

Comment
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DWA Spotlight Stock

 

FLR Fluor Corporation R ($38.77) - Building - FLR is a 4 for 5'er that ranks in the top half of the favored building sector matrix. On its default chart the stock has completed two consecutive buy signals, most recently breaking a spread quadruple top at $39 that took out resistance dating back to March. Long exposure may be added in the upper $30s and we will set our initial stop at $32, a potential spread triple bottom break on FLR's default chart. We will use the bullish price objective, $49, as our target price.

 
      21                                                     22                   23                        
43.00                                                                                                     Top 43.00
42.00                                                                                                       42.00
41.00                                                                                                       41.00
40.00                                                                                                       40.00
39.00                                                                                                 C     39.00
38.00                                                                                 3       X   X   X     38.00
37.00                                                                                 X O X   X O X O X     37.00
36.00                                                                             X   X O X O 9 O B O X   Mid 36.00
35.00                                                                             C O X O X O X A X O       35.00
34.00                                                                             X O X O X O X O X         34.00
33.00                                                                             X O X O X O   O           33.00
32.00                                                                             X 1   O 8                 32.00
31.00                                                             4               B     O 7                 31.00
30.00                                                             X O             X     O X                 30.00
29.00                                                             X O 6       X   X     O 6           •   Bot 29.00
28.00                                                             X O 5 O X   X O X     5 X         •       28.00
27.00                                                             X O X O 8 O A O X     O X       •         27.00
26.00                                 •                           X O X O X O X O       O       •           26.00
25.00                                 X •                     C   X O   O X 9 X               •             25.00
24.00                             X   5 O •                   X O X     O X O               •               24.00
23.00                             X O X O   •                 X O 3     O X               •                 23.00
22.00                             X O X O     •               X 1 X     7               •                   22.00
21.00     X               X       X O X O       •             X O X                   •                     21.00
20.00     X O     X       X O     X O X O X       •           B O                   •                       20.00
19.50 •   X O     X O X   X O     X O X O 6 O       •         X                   •                         19.50
19.00   • X O X   X O X O X O     X O   O X O X       •       X                 •                           19.00
18.50 C   X O X O 2 O X O X O X   X     O X O X O       •     X               •                             18.50
18.00 X O X O X O X O X O   O 3 O X     O X O X O     X   •   X             •                               18.00
17.50 X O 1 O   O X O X     O X O X     O • O X O     8 O   • A           •                                 17.50
17.00 X O X     O   O X     O X O     • •   O   7 X   X O X   X         •                                   17.00
16.50 X O X         O       O       •           O X O X O X O X       •                                     16.50
16.00 X O                         •             O X O X O X O X     •                                       16.00
15.50 X                         •               O   O X O   9 X   •                                         15.50
15.00 X                       •                     O       O X •                                           15.00
14.50 X                     •                               O •                                             14.50
14.00 X                   •                                 •                                               14.00
13.50 X                 •                                                                                   13.50
13.00                 •                                                                                     13.00
      21                                                     22                   23                        

 

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