Today's featured stock is Fomento Economico Mexicano S.A.B. de C.V. (FMX).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| BRK.B | Berkshire Hathaway Inc | Wall Street | $512.39 | 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 | $73.82 | 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 | $75.70 | 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 | $57.43 | 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 | $230.63 | 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, Earn. 6/5 |
| BYD | Boyd Gaming Corp | Gaming | $74.67 | 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 | $522.24 | 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 | $82.16 | 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 |
| ALL | The Allstate Corporation | Insurance | $209.95 | 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 | $42.14 | 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 | $92.84 | mid 80s - low 90s | 108 | 73 | 5 for 5'er, #6 of 52 in ELEC sector matrix, spread quad top |
| ETN | Eaton Corporation | Electronics | $329.29 | 290s - 300s | 356 | 260 | 4 for 5'er, top half of ELEC sector matrix, LT pos mkt RS, pos trend flip, spread triple top |
| FFIV | F5 Inc. | Internet | $285.70 | 260s - 280s | 312 | 244 | 5 for 5'er. top half of favored INET sector matrix, LT pos peer RS, triple top breakout |
| CRH | CRH plc (Ireland) ADR | Building | $98.65 | 90s - low 100s | 134 | 81 | 5 for 5'er, top 20% of BUIL sector matrix, LT pos mkt RS, spread triple top, R-R~2.0, 1.5% yield |
| HURN | Huron Consulting Group Inc. | Business Products | $152.95 | hi 130s - low 150s | 216 | 122 | 5 for 5'er, top 25% of BUSI sector matrix, LT pos peer & mkt RS, spread triple top, buy on pullback, R-R>2.0 |
| SPG | Simon Property Group, Inc. | Real Estate | $164.49 | mid 150s - 160s | 184 | 138 | 5 for 5'er, top 20% of REAL sector matrix, LT pos mkt RS, buy on pullback, 5.2% yield |
| PAYX | Paychex, Inc. | Business Products | $158.19 | hi 140s - 150s | 196 | 134 | 5 for 5'er, LT pos peer & mkt RS, pos trend flip, 2.8% yield |
| FMX | Fomento Economico Mexicano S.A.B. de C.V. (Mexico) ADR | Food Beverages/Soap | $107.00 | 100-lo 110s | 131 | 88 | 5 TA rating, LT mkt RS buy, consec. buy signals, top 50% of FOOD sector matrix |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
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Removed Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| ADSK | Autodesk, Inc. | Software | $295.90 | 270s - 290s | 340 | 232 | Removed for earnings (5/22). |
Follow-Up Comments
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NDW Spotlight Stock
FMX Fomento Economico Mexicano S.A.B. de C.V. (Mexico) ADR ($107.81) R - Food Beverages/Soap - FMX has a 5 for 5 TA rating and sits in the top half of the food beverages/soap sector RS matrix. The stock pushed higher this week to break a double top at $108, notching a second consecutive buy signal. We have seen FMX maintain an RS buy signal against the market and its peer index for over two years each. The near-term technical picture continues to demonstrate resilience alongside a steady long-term picture. Initial support can be considered in the $100s to low $110s. Our initial stop will be positioned at $88, which would violate multiple support levels. The bullish price objective of $131 will serve as our price target.
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| 106.00 | • | • | X | X | 106.00 | ||||||||||||||||||||||||
| 104.00 | • | X | • | X | O | X | 104.00 | ||||||||||||||||||||||
| 102.00 | • | X | O | • | X | O | X | 102.00 | |||||||||||||||||||||
| 100.00 | • | X | X | X | O | • | X | 5 | X | Mid | 100.00 | ||||||||||||||||||
| 99.00 | • | X | X | O | X | O | X | O | X | O | 99.00 | ||||||||||||||||||
| 98.00 | • | X | O | X | O | X | O | X | O | X | X | 98.00 | |||||||||||||||||
| 97.00 | • | X | O | X | O | X | 4 | O | X | O | X | 97.00 | |||||||||||||||||
| 96.00 | O | • | X | X | O | O | O | X | O | X | • | 96.00 | |||||||||||||||||
| 95.00 | O | • | X | O | X | O | X | O | X | • | 95.00 | ||||||||||||||||||
| 94.00 | O | • | X | O | X | O | X | O | • | 94.00 | |||||||||||||||||||
| 93.00 | O | • | X | 3 | X | • | O | X | • | 93.00 | |||||||||||||||||||
| 92.00 | O | X | X | X | O | • | O | • | 92.00 | ||||||||||||||||||||
| 91.00 | O | X | O | X | O | X | • | • | 91.00 | ||||||||||||||||||||
| 90.00 | O | C | O | X | O | X | • | 90.00 | |||||||||||||||||||||
| 89.00 | O | X | O | X | O | • | 89.00 | ||||||||||||||||||||||
| 88.00 | O | X | O | X | X | X | • | 88.00 | |||||||||||||||||||||
| 87.00 | O | X | O | X | O | X | O | X | • | 87.00 | |||||||||||||||||||
| 86.00 | O | O | X | O | X | O | X | • | 86.00 | ||||||||||||||||||||
| 85.00 | O | O | X | X | O | X | • | Bot | 85.00 | ||||||||||||||||||||
| 84.00 | 1 | X | O | X | 2 | X | • | 84.00 | |||||||||||||||||||||
| 83.00 | O | X | O | X | O | • | 83.00 | ||||||||||||||||||||||
| 82.00 | O | O | • | • | 82.00 | ||||||||||||||||||||||||
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