Daily Equity Roster
Published: December 12, 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 Gildan Activewear (GIL).

 

Long Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
GPK Graphic Packaging Intl. Forest Prods/Paper $23.34 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 $66.18 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 $27.41 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 $21.94 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 $49.19 42 - hi 40s 64 38 5 TA rating, top decile of BIOM matrix, consec. buy signals, LT RS buy
BG Bunge Limited Food Beverages/Soap $105.00 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 $271.38 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 $67.23 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 $215.43 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 $115.13 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 $215.72 200 - 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 $74.25 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 $47.05 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 $20.76 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 $145.89 140 - lo 150s 200 118 4 TA rating, top 25% of INET sector matrix, consec. buy signals, LT pos trend
SBUX Starbucks Corporation Restaurants $98.12 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 $53.95 50 - 54 77 38 4 for 5'er, new ATH, pos. trend since 7/22, top quartile of Autos Sector Matrix.
URI United Rentals, Inc. Machinery and Tools $505.14 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 $69.24 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 $965.52 912 - 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 $38.74 hi 30s 49 32 4 for 5'er, top half of favored BUIL sector matrix, spread quad top breakout
GIL Gildan Activewear Textiles/Apparel $32.58 lo-mid 30s 58 26 5 TA rating, top half of TEXT sector matrix, LT RS buy, buy-on-pullback, 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
AXON Axon Enterprise Inc. Protection Safety Equipment $238.69     188 AXON moved into overbought territory. We will raise our stop to $188.
WH Wyndham Hotels & Resorts Inc Leisure $79.56     65 WH is removed from the roster due to a potential acquisition.

Follow-Up Comments

Comment
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DWA Spotlight Stock

 

GIL Gildan Activewear R ($33.94) - Textiles/Apparel - GIL has a 5 for 5 TA rating and sits in the top half of the textiles/apparel sector RS matrix. The stock moved higher in November to break a double top at $34 before reaching a new 52-week high at $37. The past week of market action has seen GIL retract from that rally high to the current chart position of $32, directly in the middle of its current trading band. The long-term technical picture remains positive, as GIL has maintained an RS buy signal against the market since mid-2020. The near-term pullback presents a more opportune entry point for potential long investors. Exposure may be considered in the low-to-mid $30s. Our initial stop will be set at $26, which would violate notable support and move the stock into a negative trend. The bullish price objective of $58 will serve as our price target, leading to a reward-to-risk ratio north of 2-to-1.

 
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36.00 •                                 5 O X O 8 A X             O X 4     •                       X O   Top 36.00
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11.50   X       •                                                                                           11.50
11.00 O X     •                                                                                             11.00
10.50 O X   •                                                                                               10.50
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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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