Daily Equity Roster
Published: May 9, 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 MediaAlpha, Inc. Class A (MAX).

 

Long Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
KRG Kite Realty Group Trust Real Estate $21.22 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
OEC Orion SA Chemicals $24.48 22 - 24 45.50 19 4 for 5'er, top third of CHEM sector matrix, LT pos mkt RS, spread quad top, R-R>5
CCEP Coca-Cola Europacific Partners PLC Food Beverages/Soap $73.52 60s 97 56 5 for 5'er, top 25% of FOOD sector matrix, spread quad top, R-R~3.0, 3% yield
CXT Crane NXT Co. Electronics $61.98 hi 50s - low 60s 76 48 Top half of MACH sector matrix, bullish catapult
MMC Marsh & McLennan Companies, Inc. Insurance $203.59 190s - low 200s 234 180 5 for 5'er, favored INSU sector, LT pos mkt RS, quad top breakout, 1.4% yield
HRB H&R Block, Inc. Business Products $48.53 mid 40s - lo 50s 71 39 5 TA rating, top 33% of BUSI sector matrix, LT pos trend, LT pos. mkt. RS, buy-on-pullback, R-R > 2, Earn. 5/9
RPM RPM, Inc. Chemicals $112.66 mid 100s - hi 110s 159 91 5 TA rating, LT RS buy, consec. buy signals, top 50% of CHEM sector matrix, buy-on-pullback, R-R > 2
CI CIGNA Group/The Insurance $347.35 332 - lo 360s 428 288 5 TA rating, top half of INSU sector matrix, LT RS buy, buy-on-pullback
BAH Booz Allen Hamilton Holding Business Products $151.07 140s 193 114 5 for 5'er, top 25% of favored BUSI sector matrix, LT pos peer RS, pullback from ATH, 1.5% yield, Earn. 5/24
GBX The Greenbrier Companies, Inc. Transports/Non Air $52.82 hi 40s - low 50s 87 43 5 for 5'er, top 20% of favored TRAN sector matrix, pullback from multi-year high, R-R>4.0, 2.3% yield
JPM J.P. Morgan Chase & Co. Banks $195.65 lo 180s - hi 190s 258 148 5 TA rating, RS buy, top 10% of BANK sector matrix, consec. buy signals
WSM Williams-Sonoma, Inc. Retailing $304.92 280s - 290s 362 232 5 for 5'er, #2 of 84 in RETA sector matrix, multi buy signals, pullback from ATH, 1.6% yield, Earn. 5/21
PSTG Pure Storage Semiconductors $53.45 $49 to $58 $74 $38 5 for 5'er, pos. trend since June 2023, ranks 3rd in Semiconductors sector matrix. Earnings 5/29.
ORCL Oracle Corporation Software $117.39 110s - low 120s 150 99 4 for 5'er, top half of SOFT sector matrix. LT pos mkt RS, spread triple top, pullback from ATH, 1.4% yield
AMP Ameriprise Financial Finance $425.94 390s - 410s 532 368 5 for 5'er, top half of FINA sector matrix, LT pos peer & mkt RS, triple top, pullback from ATH, 1.4% yield
LIN Linde Plc Chemicals $427.71 hi 410s - lo 460s 572 360 5 TA rating, consec. buy signals, LT RS buy, buy-on-pullback
OMF OneMain Holdings Inc. Finance $51.65 hi 40s - low 50s 81 43 5 for 5'er, top half of FINA sector matrix, LT pos mkt RS, multiple buy signals, R-R>3.0, 7.9% yield
DHI D.R. Horton, Inc. Building $147.74 mid 140s - 150s 178 134 5 for 5'er, favored BUIL sector, LT pos peer RS, bearish signal reversal
LPLA LPL Investment Holdings Inc Finance $267.03 hi 250s - lo 280s 348 228 4 TA rating, top half FINA sector matrix, LT RS buy, consec. buy signals, recent pos. wkly. mom.
HLI Houlihan Lokey Inc Banks $132.89 120s - low 130s 177 110 5 for 5'er, 14 of 122 in BANK sector matrix, LT pos mkt RS, spread triple top, R-R>2.0, 1.6% yield
MAX MediaAlpha, Inc. Class A Internet $19.99 18 - lo 20s 39.50 16.25 5 TA rating, top quintile of INET sector matrix, pullback from ATH, R-R > 3

Short Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
MTCH Match Group, Inc. Internet $29.82 (mid 30s) 26 40 0 for 5'er, bottom half of INET sector matrix, LT neg trend & RS
MRVL Marvell Technology Inc. Semiconductors $68.11 (70 - 65) 51 77 2 for 5'er, middle of unfavored SEMI sector matrix, spread quad bottom, Earn 5/23

Removed Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
REVG REV Group Inc Autos and Parts $25.03   33.50 17.50 REVG moved into overbought territory. We will raise our stop to $17.50.

Follow-Up Comments

Comment
There are currently no follow-up comments.

NDW Spotlight Stock

 

MAX MediaAlpha, Inc. Class A ($20.18) R - Internet - MAX has a 5 for 5 TA rating and sits in the top quintile of the internet sector RS matrix. The stock has maintained an RS buy signal since last October and moved to a positive trend in December. Earlier this month, MAX moved to a new multi-year high at $25 before pulling back to the current position near $20. The weight of the long-term technical evidence remains positive, offering a more opportune entry point for those looking to add exposure. Long investors may consider MAX from $18 to the low $20s. Our initial stop will be positioned at $16.25, which would violate all support built up this year on more sensitive chart scales. The bullish price objective of $39.50 will serve as our price target, offering a reward-to-risk ratio north of 3-to-1.


                22                                   23                           24                        
25.00                                                                                             X       25.00
24.00                                                                                             X O     24.00
23.00                                                                                             X O     23.00
22.00                                                                                 X           5 O     22.00
21.00                                                                                 X O X   X   X O     21.00
20.00                                                                             X   X O X O X O X O   Mid 20.00
19.50                                                                             X O X 3 X O X O X       19.50
19.00                                                                             X O X O   4 X O X       19.00
18.50                                                                             X O       O X O X       18.50
18.00 O                                                                           X         O   O         18.00
17.50 O                                                                         X                       17.50
17.00 O                             4                 X                         X                       17.00
16.50 O X   X       1               X O                 X O                       X                       16.50
16.00 O X O X O X   X O             X O                 X O                       X                       16.00
15.50 O X O X O X O X O X           X O                 X O                       X                       15.50
15.00 O X C X O X O X O X O         X O     X           X O X                     X                       15.00
14.50 O   O   O X O   O X O X   3   X 5     X O         2 3 X O                   X                       14.50
14.00         O X     O   O X O X O X O     X O         X O X O                   X                       14.00
13.50         O X         O X O X O X O     X O         X O   4                   2                   Bot 13.50
13.00         O           O   2 X O X O     X O         X     O                   X                     13.00
12.50                         O X O   O X   X O         X     O                   X                     12.50
12.00                         O X     O X O X O C       X     O                   1                     12.00
11.50                         O X     O X O B O X O     X     O                   X                     11.50
11.00                         O X     O 7 8 X O X O X   1     O     X             X                     11.00
10.50                         O       O X O X O   O X O X   O     7 O X   X   X   C                     10.50
10.00                                 O X O A     O X O X   O X   6 O X O X O X O X                     10.00
9.50                                 O X O 9     O O     O X O X O X O A O X O X                     9.50
9.00                                 6 X O X           O X O X 8   O X O B                       9.00
8.50                                 O   O X               O X O       O X                           8.50
8.00                                     O                 O X         9                               8.00
7.50                                                       O X                                       7.50
7.00                                                         O X                                         7.00
6.50                                                         O X                                         6.50
6.00                                                         5 X                                         6.00
5.50                                                         O                                           5.50
                22                                   23                           24                        

 

Back to report

DISCLOSURE

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.
Equity prices provided by Thomson-Reuters. Cross Rate prices provided by Tenfore Systems. Option prices provided by OPRA
Copyright © 1995-{ENDYEAR} Dorsey, Wright & Associates, LLC.®
All quotes displayed are delayed 20 minutes
Disclaimer/Terms of Use/Copyright