Daily Equity Roster
Published: July 17, 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 Belden, Inc. (BDC).

 

Long Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
CCEP Coca-Cola Europacific Partners PLC Food Beverages/Soap $73.87 60s 97 56 5 for 5'er, top 25% of FOOD sector matrix, spread quad top, R-R~3.0, 3% yield
LIN Linde Plc Chemicals $445.73 hi 410s - lo 460s 572 360 5 TA rating, consec. buy signals, LT RS buy, buy-on-pullback
ARMK Aramark Food Beverages/Soap $34.07 low 30s 54 26 4 for 5'er, top third of FOOD sector matrix, LT pos mkt RS, spread triple top, R-R>3.0, Earn. 8/6
LAMR Lamar Advertising Company Media $120.38 110s 129 100 5 for 5'er, top third of MEDI sector matrix, LT pos mkt RS, multiple buy signals, 4.5% yield, Earn. 8/8
SPG Simon Property Group, Inc. Real Estate $151.51 hi 140s - lo 160s 198 120 5 TA rating, top 10% of REAL sector matrix, LT RS buy, consec. buy signals, 5% yield, Earn. 8/5
APO Apollo Global Management Inc. Wall Street $124.00 108 - 116 140 94 5 for 5'er, LTpos mkt RS, top 10% of WALL sector matrix, spread triple top, pullback from ATH, 1.6% yield
FORM FormFactor Inc. Semiconductors $62.16 mid 50s - lo 60s 78 49 4 TA rating, top 20% of SEMI sector matrix, recent price normalization, LT positive trend, R-R>2, Earn. 7/31
CSL Carlisle Cos Inc Machinery and Tools $440.08 hi 380s - hi 420s 500 348 5 TA rating, LT RS buy, LT pos. trend, top 10% of MACH sector matrix, buy-on-pullback, Earn. 7/24
SKX Skechers U.S.A, Inc. Textiles/Apparel $67.23 hi 60s - low 70s 96 55 5 for 5'er, top half of TEXT sector matrix, buy on pullback, R-R>2.5, Earn. 7/25
ESTC Elastic NV Software $118.38 hi 100s - hi 110s 151 92 4 TA rating, top 33% of SOFT sector matrix, recent pos. trend change, cosnec. buy signals, buy-on-pullback
NVO Novo Nordisk A/S (Denmark) ADR Drugs $140.87 hi 130s -low 140s 225 120 5 for 5'er, top 20% of DRUG sector matrix, LT pos mkt RS, buy on pullback, R-R>3.5, Earn. 8/7
GTES Gates Industrial Corporation plc Business Products $16.97 16-18 23.50 15 5 TA rating, top 25% of BUSI sector matrix, LT RS buy, shakeout pattern buy point, R-R > 3, Earn. 7/31
BDC Belden, Inc. Electronics $98.78 low-to-mid 90s 115 80 5 for 5'er, top half ELEC sector matrix, LT pos mkt RS, spread triple top, Earn. 8/1

Short Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes

Removed Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
AFL AFLAC Incorporated Insurance $93.55 80s 103 75 AFL has moved into heavily overbought territory. OK to hold here. Raise stop to $79. Earn. 7/31
LZB LA Z Boy Chair Company Household Goods $42.19 mid-to-hi 30s 56 31 LZB has moved into heavily overbought territory. OK to hold here. Raise stop to $35.
EXR Extra Space Storage Inc. Real Estate $164.81 140s - 150s 206 130 EXR has moved into heavily overbought territory. OK to hold here. Raise stop to $136. Earn. 7/30
TTD The Trade Desk Inc Media $100.95 mid 90s - low 100s 114 85 TTD fell to a sell signal Wednesday. OK to hold here. Maintain $85 stop. Earn. 8/7
BLD Topbuild Corp. Building $465.48 400s - 430s 572 364 BLD has moved into heavily overbought territory OK to hold here. Raise stop to $372.Earn. 8/6

Follow-Up Comments

Comment
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NDW Spotlight Stock

 

BDC Belden, Inc. R ($96.79) - Electronics - BDC is a 5 for 5'er that ranks in the top half of the electronics sector matrix and has been on a market RS buy signal since 2021. on its default chart, BDC broke a spread triple top in Tuesday's trading, taking out resistance that had been in place since June. Long exposure may be added in the low-to-mid $90s and we will set our initial stop at $80, which would take out multiple levels of support on BDC's default chart. We will use the bullish price objective, $116, as our target price. BDC is expected to report earnings on 8/1.

 
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99.00                                                                                               X     99.00
98.00     X                                                                     X       X       X     98.00
97.00     X O X X                                                                 X O X   X O     X     97.00
96.00     X O X O X O                                                               X O X O X O     X     96.00
95.00     9 O X O X O                                                               X O X O X O X   X     95.00
94.00     X O X A   O                                                             X 6   O X O X O X   Mid 94.00
93.00     X O       O                                               X             X     O   O X O X     93.00
92.00     X         O                                               X O           X         O   7 X     92.00
91.00     X         O                                           X   X O X     X   X             O     91.00
90.00     X         O                                           X O X 4 X O   X O X                 90.00
89.00 X   X       O                                           X O X O X O   X O X                   89.00
88.00 X O X       O                                           X O X O   O     X O                     88.00
87.00 X O X       O                                           X O X     O     X                       87.00
86.00 X O X       O                                       X   3 O X     O     X                       86.00
85.00 O         O                           X   X   X   X O X O       O X   5                       85.00
84.00             O                           X O X O X O X O X         O X O X                       84.00
83.00               O                           X O X O X O X O         O X O X                       83.00
82.00               O                             X O   O X O X           O X O                       Bot 82.00
81.00               O                             X     O   O X           O                           81.00
80.00               O                             X         O X                                         80.00
79.00               O                     X       X         O                                             79.00
78.00               O                 X   X O     X                                                       78.00
77.00               O X               X O X O     X                                                       77.00
76.00               O X O             X O X 1 X   X                                                       76.00
75.00               O X O             X O   O X O X                                                       75.00
74.00               O X O             X     O X O X                                                       74.00
73.00               O X O             X     O X 2                                                         73.00
72.00               O X O B           X     O                                                             72.00
71.00               O X O X O         X                                                                   71.00
70.00               O X O X O     X   X                                                                   70.00
69.00               O X O   O     X O C                                                                   69.00
68.00               O       O     X O X                                                                   68.00
67.00                       O     X O X                                                                   67.00
66.00                       O X   X O                                                                     66.00
65.00                       O X O X                                                                       65.00
64.00                       O X O X                                                                       64.00
63.00                       O X O                                                                         63.00
62.00                       O X                                                                           62.00
61.00                       O                                                                             61.00
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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.
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