Daily Equity Roster
Published: January 10, 2024
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 Ing Groep N.V. -Sponsored (Netherlands) ADR (ING).

 

Long Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
AIG American International Group, Inc. Insurance $67.83 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 $24.52 mid 20s 36 23 Multi consec buy signals, RS buy
KRG Kite Realty Group Trust Real Estate $22.24 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 $52.88 42 - hi 40s 64 38 5 TA rating, top decile of BIOM matrix, consec. buy signals, LT RS buy
OKE ONEOK, Inc. Gas Utilities $70.39 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
ORCL Oracle Corporation Software $103.63 mid 100s - mid 110s 138 96 LT pos mkt RS, trend chart signal flip, 1.5% yield
CNC Centene Corporation Healthcare $78.01 hi 60s - hi 70s 98 60 5 TA rating, top quintile of healthcare sector matrix, consec. buy signals, LT mkt RS buy
AEO American Eagle Outfitters, Inc. Retailing $21.27 16 - 19.50 33 14 5 TA rating, top quintile of RETA sector matrix, consec. buy signals, R-R > 3.5.
DELL Dell Technologies Inc Class C Computers $77.11 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 $927.51 912 - 992 1264 792 5 for 5'er, Mkt. RS Buy since 9/2002, Peer RS Buy since 8/2011, Pullback from Recent ATH, Earn. 2/7
FLR Fluor Corporation Building $38.11 hi 30s 49 32 4 for 5'er, top half of favored BUIL sector matrix, spread quad top breakout
ACHC Acadia Healthcare Company Inc Healthcare $80.15 70s 90 66 4 for 5'er, top third of HEAL sector matrix, LT pos mkt RS, pos trend flip, triple top
CWAN Clearwater Analytics Holdings, Inc. Class A Finance $19.60 18 - lo 20s 27.50 16 5 TA rating, top half of Finance sector matrix, consec. buys, buy-on-pullback, R-R > 2.
BRO Brown & Brown, Inc. Insurance $71.87 hi 60s - low 70s 95 59 5 for 5'er, top half of INSU sector matrix, LT pos mkt RS, pullback from ATH, R-R>2.0, Earn. 1/22
URBN Urban Outfitters, Inc. Retailing $38.66 mid-to-hi 30s 49.50 30 5 for 5'er, top half RETA sector matrix, triple top breakout
JBL Jabil Circuit, Inc. Electronics $128.37 mid 120s - hi 130s 186 100 5 TA rating, top decile of ELEC sector matrix, LT RS buy, LT pos trend, buy-on-pullback
WPM Wheaton Precious Metals Corp Precious Metals $47.68 46 - lo 50s 70 40 5 TA rating, top 20% of PREC sector matrix, bullish catapult, rec. pos. monthly mom., R-R > 2
RS Reliance Steel & Aluminum Co Steel/Iron $277.49 lo 270s to lo 290s 364 236 5 TA rating, LT RS buy, LT pos. trend, consec. buy signals
TTWO Take-Two Interactive Software, Inc. Software $159.20 mid 150s - hi 160s 218 130 4 TA rating, top half SOFT sector matrix, LT pos. trend, pos. mkt. RS, consec. buy signals, buy-on-pullback, Earn. 2/5
YELP Yelp Inc Business Products $44.93 mid-to-hi 40s 59 39 5 for 5'er, top 25% of favored BUSI sector matrix, spread triple top, Earn. 2/7
DT Dynatrace, Inc. Computers $53.80 lo-mid 50s 81 43 5 TA rating, LT pos trend, top half of favored COMP sector matrix, buy-on-pullback, R-R > 2.5, Earn. 1/30
FIVE Five Below Inc Household Goods $191.00 mid 190s - mid 210s 270 170 5 TA rating, top third of HOUS sector matrix, LT RS buy, pos. monthly mom., buy-on-pullback
LII Lennox International Inc. Building $443.24 420S - 440S 480 380 4 for 5'er, #7 of 69 in BUIL sector matrix, three consec buy signals, one box from RS buy, Earn. 1/31
MCK McKesson Corporation Drugs $481.06 460s - 480s 584 400 5 for 5'er, top half of DRUG sector matrix, triple top, Earn. 1/30
LRCX Lam Research Corporation Semiconductors $752.44 728 - hi 700s 1040 600 4 TA rating, top 20% of SEMI sector matrix, consec. buy signals, pos. mkt RS Earn. 1/24
ING Ing Groep N.V. -Sponsored (Netherlands) ADR Insurance $14.18 13.50 - 15 27 12 5 for 5'er, top half of favored INSU sector matrix, triple top, R-R>5, 5.6% yield

Short Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes

Follow-Up Comments

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DWA Spotlight Stock

 

ING Ing Groep N.V. -Sponsored (Netherlands) ADR R ($14.20) - Insurance - ING is a 5 for 5'er that ranks in the top half of the favored insurance sector matrix and has been on a market RS buy signal since 2020. On its default chart, ING has completed two consecutive buy signals, most recently breaking a triple top at $15, taking out resistance that had been in place since February. The currently sits near the middle of its trading band, offering an entry point for long exposure. Positions may be added in the $13.50 - $15 range and we will set our initial stop at $12 which would take out ING's October low. We will use the bullish price objective, $27, as our target price, giving us a reward-to-risk ratio north of five. ING also carries a 5.6% yield.

 
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21.00                                                                                                     21.00
20.00                                     X                                                               20.00
19.50                                     1 O                                                             19.50
19.00                                     A O                                                             19.00
18.50                                     X 2                                                             18.50
18.00                                     7 O                                                             18.00
17.50                                   6 3                                                             17.50
17.00             6   X                 5 O                                                             17.00
16.50             X O X O               X O                                                             16.50
16.00             5 O X O               4 5                                                           16.00
15.50             4 7   8 X             3 O                       B   X   2                           15.50
15.00     X       3     O X O           2 O                       A O 1 O X O                   X   Top 15.00
14.50 6   9 O X   X     O X O           C O                       X O X O X O           2   X   C     14.50
14.00 X O X O X O 2     O 9           X 8                     X 9 O X O   O           X O 7 O B   Mid 14.00
13.50 X O X A X O X       C           B O     4               5 O 8 C       O           X O 6 O X     13.50
13.00   7   O   C X       1 X   X     A 9 B   X O             4 O X         O           X 3 X 9 X     13.00
12.50           1         O X O X O X   X A X O 2 O             X 7 X         O           1 O 4 A     Bot 12.50
12.00                     O 3 O X O X O X O X O 1 5 B           X O           O             X O X         12.00
11.50                     O X 4   5 X O 8 O   C X O X O         3             3             X O X         11.50
11.00                     2 X     6   O 7     O X O A O         X             O X   5       X O           11.00
10.50                     O           O X   O   8 X 2         2             O X O X O     X           10.50
10.00                                 O X       O X O         X             O X O X O X   B           10.00
9.50                                 O         O   O         X             O X 4   7 X O X           9.50
9.00                                               3         X           O       O X O X           9.00
8.50                                                   O     8   B                   9   O             8.50
8.00                                                   O     X O X                                     8.00
7.50                                                   O     X O X                                       7.50
7.00                                                   O     6 9                                         7.00
6.50                                                   O X   5                                           6.50
6.00                                                   O X O X                                           6.00
5.50                                                   O X O X                                           5.50
5.00                                                   O X 4                                             5.00
4.75                                                   O                                               4.75
4.50                                                                                                     4.50
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