Daily Equity Roster
Published: July 24, 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 The Geo Group Inc. (GEO).

 

Long Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
CCEP Coca-Cola Europacific Partners PLC Food Beverages/Soap $72.81 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 $447.41 hi 410s - lo 460s 572 360 5 TA rating, consec. buy signals, LT RS buy, buy-on-pullback
LAMR Lamar Advertising Company Media $121.42 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
ESTC Elastic NV Software $117.39 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 $133.28 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 $17.48 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 $95.80 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
KR The Kroger Co. Retailing $53.84 lo - hi 50s 89 42 4 TA rating, top half RETA sector matrix, cosnec. buy signals, LT RS buy, R-R > 2
CRH CRH plc (Ireland) ADR Building $82.26 mid 70s - low 80s 103 65 4 for 5'er, top half of favored BUIL sector matrix, LT pos mkt RS, bearish signal reversal, 2.5% yield, Earn. 8/8
BRK.B Berkshire Hathaway Inc Wall Street $434.01 low 400s - mid 430s 556 392 5 for 5'er, top half of WALL sector matrix, LT pos mkt RS, triple top breakout, R-R>2.5
EFX Equifax Inc. Business Products $264.99 240s - 260s 360 224 5 for 5'er, top half of BUSI sector matrix, spread quad top, buy on pullback, R-R~2.0
GEO The Geo Group Inc. Real Estate $16.45 14-17 34.50 12.50 5 TA rating, top 10% of REAL sector matrix, buy-on-pullback, R-R > 4, Earn. 8/7

Short Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes

Removed Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
ARMK Aramark Food Beverages/Soap $33.64 low 30s 54 26 Removed for upcoming earnings (8/6).
SPG Simon Property Group, Inc. Real Estate $156.82 hi 140s - lo 160s 198 120 Removed for upcoming earnings (8/5).
APO Apollo Global Management Inc. Wall Street $124.84 108 - 116 140 94 Removed for upcoming earnings (8/1).

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NDW Spotlight Stock

 

GEO The Geo Group Inc. ($15.67) R - Real Estate - GEO has a strong 5 for 5 TA rating and sits in the top decile of the real estate sector RS matrix. This stock moved higher earlier this month to notch a new multi-year high at $18 before retracting to the current position near $16. We have seen GEO maintain and RS buy signal against the market since October 2023, demonstrating a resilient technical picture. This pullback may offer the a more opportune entry point for potential long investors. Exposure may be considered from $14 to $17, with our initial stop positioned at $12.50. The bullish price objective of $34.50 will serve as our price target, offering a reward-to-risk ratio north of 4-to-1. Note that earnings are expected on 8/7.

 
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24.00   •                                                                                                   24.00
23.00 O   •                                                                                                 23.00
22.00 O     •                                                                                               22.00
21.00 O       •                                                                                             21.00
20.00 O         •                                                                                           20.00
19.50 7           •                                                                                         19.50
19.00 O             •                                                                                       19.00
18.50 O     X         • •                                                                                   18.50
18.00 O X   9 O         X •                                                                         X       18.00
17.50 O X O X O         X O •                                                                       X O   Top 17.50
17.00 O X O X O     X   2 O X •                                                                     X O     17.00
16.50 O   8   A X   X O X O X O •                                                                   X O     16.50
16.00         O X O X O X O 3 O   •                                                         X       X O     16.00
15.50         O X O X 1   O X O     •       •                                               X O     X       15.50
15.00         O   B X     O X O       •     X •     •                                       4 O 6   7       15.00
14.50             O X     O   O         •   X O •   X •                                     X O X O X       14.50
14.00             O X         O X         • X O   • X O •                                   X 5 X O X     Mid 14.00
13.50             C           O X O         X O X   6 O   •                                 X O X O X       13.50
13.00                         O X O         X O X O X O     •                               3 O   O         13.00
12.50                         O X O X       X O X O X O       •                     •       2               12.50
12.00                         O X O X O X   X O X 5 X O         •               C   2 •     X               12.00
11.50                         O X O X O X O X O • O X O           •             X O X O •   1               11.50
11.00                         O   O   O X O X •   O X O         X   •           X O X O   • C             Bot 11.00
10.50                                 O X 4 •     O • 7         X O   •         X O   O     X               10.50
10.00                                 O • •       •   A C       X O     •   •   X     O     X               10.00
9.50                                 •               O B O     X O     X • X • X     O     B         •     9.50
9.00                                                 O X O X   X O     B O B O X     O 5   X       •       9.00
8.50                                                 O X 1 X O X O X   A O X O X     3 X O A     •         8.50
8.00                                                 O   O X O X O 8 O X C X O       O X O X   •           8.00
7.50                                                     O X 2 X O X O X O 8       • O   O X •             7.50
7.00                                                     O   4 X O X 9   O 4     •       6 •               7.00
6.50                                                         O 6 7       1 X   •         •                 6.50
6.00                                                         O X         2 X •                             6.00
5.50                                                         O X         3 •                               5.50
5.00                                                         5           •                                 5.00
                  20                                   21               22         23       24                

 

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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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