Daily Equity Roster
Published: August 28, 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 Cabot Corp (CBT).

 

Long Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
GTES Gates Industrial Corporation plc Business Products $17.76 16-18 23.50 15 5 TA rating, top 25% of BUSI sector matrix, LT RS buy, shakeout pattern buy point, R-R > 3
BRK.B Berkshire Hathaway Inc Wall Street $460.63 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
META Meta Platform Inc. Internet $519.10 460s - 490s 672 408 5 for 5'er, top half of INET sector matrix, buy on pullback, R-R>2.0
SYF Synchrony Financial Finance $48.81 low-to-mid 40s 55 35 4 for 5'er, top third of favored BANK sector matrix, one box from peer RS buy, buy on pullback, 2.1% yield
CORT Corcept Therapeutics Inc. Drugs $34.66 lo - mid 30s 64 28 5 TA rating, top 10% of DRUG sector matrix, LT RS buy, R-R > 4
CFG Citizens Financial Group Inc Banks $42.27 37 - 40 57 32 4 for 5'er, top 20% of favored BANK sector matrix, LT pos peer RS, multiple buy signals, 4.4% yield
WPM Wheaton Precious Metals Corp Precious Metals $62.43 52 - hi 50s 85 43 5 TA rating, top 33% of PREC sector matrix, buy-on-pullback, R-R > 2.5
LAZ Lazard Inc. Wall Street $49.61 low-to-mid 40s 76 36 4 for 5'er, top 20% of WALL sector matrix, one box from peer RS buy, spread quad top, R-R>3.0, 4.6% yield
ESNT Essent Group Ltd Insurance $63.10 mid-to-hi 50s 66 50 4 for 5'er, top half of favored INSU sector matrix, bullish triangle, LT pos peer RS, 1.9% yield
CNQ Canadian Natural Resources Ltd. Oil $36.94 mid-30s 64 29 4 TA rating, top 20% of OIL sector matrix, LT RS buy, 4% yield, R-R > 4
PH Parker-Hannifin Corporation Machinery and Tools $590.09 550s - 580s 744 488 5 for 5'er, top 20% of MACH sector matrix, LT pos mkt RS, spread quintuple top, R-R>2.0, 1.15% yield
BR Broadridge Financial Solutions Inc. Wall Street $210.16 200s - 210s 268 174 5 for 5'er, top third of WALL sector matrix. LT pos mkt RS, spread triple top, 1.7% yield
GVA Granite Construction Inc Building $73.87 hi 60s - mid 70s 89 58 5 TA rating, top 10% of BUIL sector, LT RS buy and pos. trend, 5th consec. buy signal
IMO Imperial Oil Limited Oil $75.93 low-to-mid 70s 102 63 5 for 5'er, top 10% of OIL sector matrix, LT pos mkt RS, triple top, R-R>2.0, 2.3% yield
VERX Vertex, Inc. Class A Software $38.10 mid-hi 30s 50 27 5 TA rating, top 25% of SOFT sector matrix, consec. buy signals, LT pos trend & mkt RS buy, buy-on-pullback
FHN First Horizon Corp. Banks $16.23 15 - 17 22 14 4 for 5'er, top half of favored BANK sector matrix, multiple buy signals, R-R>3.0, 3.8% yield
PANW Palo Alto Networks Inc Software $350.19 330s - 350s 544 284 5 for 5'er, #11 of 109 in SOFT sector matrix, spread triple top, pos trend change, R-R>2.5
HOLX Hologic Incorporated Healthcare $79.71 hi 70s - lo 80s 111 64 4 TA rating, top half of HEAL sector matrix, LT RS buy, buy on pullback
CBT Cabot Corp Chemicals $103.48 hi 90s - mid 100s 129 86 5 for 5'er, top 10% of CHEM sector matrix, LT pos mkt RS, spread quintuple top

Short Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes

Follow-Up Comments

Comment
There are currently no follow-up comments.

NDW Spotlight Stock

 

CBT Cabot Corp R ($103.53) - Chemicals - CBT is a 5 for 5'er that ranks in the top decile of the chemicals sector matrix and has been on a market RS Buy signal since February 2022. On its default chart, CBT returned to a buy signal and a positive trend last week when it broke a spread quintuple top at $104, taking out resistance that had been in place since June. Long exposure may be added in the upper $90s to mid $100s and we will set our initial stop at $86, the potential trend line violation on CBT's default chart. We will use the bullish price objective, $129, as our target price. CBT also carries a 1.64% yield.

 
                                                            24                                            
106.00                                                                                                 X     106.00
104.00                                                                                         •   •   X     104.00
102.00                                                                         X   X           X • X • X     102.00
100.00                                                                         X O X O     X   X O X O X     100.00
99.00                                                                         X O X O     X O X O X O X     99.00
98.00                                                                     X   X 6 X O     X O X 8 X O X     98.00
97.00                                                                     X O X O   O X   X O X O X O X     97.00
96.00                                                                     X O X     O X O X O X O X O X   Mid 96.00
95.00                                                                     X O 5     O X O X O   O X O       95.00
94.00                                                                     X O X     O X O X     O X         94.00
93.00                                                                     4 O X     O   O X     O X         93.00
92.00                                                                     X O X         O X     O X         92.00
91.00                                                                     X O           7 X     O X         91.00
90.00                                                                     X             O X     O X         90.00
89.00                                                                 X   X             O X     O X         89.00
88.00                                                                 X O X             O       O X         88.00
87.00                                                                 X O X                     O X         87.00
86.00                                                         X       3 O                       O X   •     86.00
85.00                                                         X O     X                         O X •       85.00
84.00                                                         X O     X                       • O •         84.00
83.00                                                         X 1     X                     •   •           83.00
82.00 •                                                       X O X   X                   •                 82.00
81.00   •                                                     X O X O X                 •                   81.00
80.00     •                                                   X O X O X               •                     80.00
79.00       • •                                           X   X O X O               •                       79.00
78.00         4 • •                                       X O C O X               •                         78.00
77.00 X       X O X •                                     X O X O X             •                           77.00
76.00 X O     X O X O •           •                       X O X O X           •                           Bot 76.00
75.00 X O X   X O X O   •     X   X •         •           X O   O X         •                               75.00
74.00 X O X O X O   O     •   X O X O •       9 •         X     O X       •                                 74.00
73.00   O X O X     O X   X • X O X O   • •   X O •   •   X     O X     •                                   73.00
72.00   O X O X     O X O X O X O X O     X • X O   • X • X     O X   •                                     72.00
71.00   O   O       O X O X O 6 O X O X   X O X O     X O X     2   •                                       71.00
70.00               O X O X O X O • O X O X O X O X   X O X       •                                         70.00
69.00               5 X O X O X •   O X O X O   O X O X O B     •                                           69.00
68.00               O X O X O •     O 7 8 X     O X O X O X   •                                             68.00
67.00               O   O X •       O X O X   • O   A • O X •                                               67.00
66.00                   O •         O X O X •       •   O •                                                 66.00
65.00                   •           O X O •             •                                                   65.00
64.00                               O • •                                                                   64.00
                                                            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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