Today's featured stock is Eaton Corporation (ETN).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| BRK.B | Berkshire Hathaway Inc | Wall Street | $513.25 | 480s - low 500s | 556 | 432 | 5 for 5'er, top 20% of WALL sector matrix, LT pos mkt RS, multiple buy signals, buy on pullback |
| WRB | W. R. Berkley Corporation | Insurance | $72.72 | mid 60s - lo 70s | 115 | 55 | 4 TA rating, top 25% of INSU sector matrix, LT RS buy, LT pos trend, R-R > 2 |
| ADC | Agree Realty Corporation | Real Estate | $74.98 | mid-to-upper 70s | 100 | 67 | 4 for 5'er, top 10% of REAL sector matrix. spread quad top, R-R>2.0, 3.9% yield |
| ROL | Rollins, Inc. | Business Products | $56.69 | 52 - hi 50s | 77 | 45 | 5 TA rating, top 25% of BUSI sector matrix, LT pos trend, RS buy, pos wkly mom |
| AVGO | Broadcom Ltd | Semiconductors | $207.77 | 180s - 190s | 254 | 160 | 4 for 5'er, top 20% of SEMI sector matrix, LT pos mkt RS, pos trend flip, spread triple top, R-R>2.0 |
| BYD | Boyd Gaming Corp | Gaming | $71.57 | hi 60s - low 70s | 90 | 58 | 4 for 5'er, top 20% of GAME sector matrix, triple top, pos trend flip, 1.1% yield |
| AMP | Ameriprise Financial | Wall Street | $489.00 | 448-490s | 568 | 396 | 5 TA rating, top 33% of WALL sector matrix, LT pos mkt RS, recent pos trend, pos wkly mom |
| UNM | Unum Group | Insurance | $80.25 | 74 - 80 | 89 | 64 | 5 for 5'er, top 10% of INSU sector matrix, LT pos peer & mkt RS, buy on pullback, 2.1% yield |
| ADSK | Autodesk, Inc. | Software | $289.62 | 270s - 290s | 340 | 232 | 5 for 5'er, top half of favored SOFT sector matrix, LT pos peer RS, triple top, pos trend flip, Earn. 5/22 |
| ALL | The Allstate Corporation | Insurance | $202.62 | 190s - low 200s | 230 | 176 | 4 for 5'er, top third of favored INSU sector matrix, pos trend flip, 2% yield |
| VIRT | Virtu Financial | Wall Street | $42.48 | 38-mid 40s | 60 | 31 | 4 TA rating, pos trend, recent RS buy, top 10% of WALL sector matrix, consec. buy signals |
| AZZ | Aztec Manufacturing Co. | Electronics | $90.77 | mid 80s - low 90s | 108 | 73 | 5 for 5'er, #6 of 52 in ELEC sector matrix, spread quad top |
| ASND | Ascendis Pharma A/S | Biomedics/Genetics | $159.39 | 154-mid 160s | 226 | 130 | 5 TA rating, top 20% of BIOM sector matrix, consec buy signals, buy-on-pullback, R-R > 2 |
| ETN | Eaton Corporation | Electronics | $307.04 | 290s - 300s | 356 | 260 | 4 for 5'er, top half of ELEC sector matrix, LT pos mkt RS, pos trend flip, spread triple top |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
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Follow-Up Comments
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NDW Spotlight Stock
ETN Eaton Corporation R ($309.87) - Electronics - ETN is a 4 for 5'er that ranks in the top half of the electronics sector matrix and has been on a market RS buy signal since 2020. In this week's trading, The stock recently returned to a positive trend and gave a third consecutive buy signal this week when it broke a spread triple top at $308, taking out resistance that had been in place since March. Long exposure may be added in the $290s to $300s and we will set our initial stop at $260, which would take out multiple levels of support on ETN's chart and violate its trend line. We will use the bullish price objective, $356, as our target price.
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