Today's featured stock is Boston Scientific Corporation (BSX).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| COST | Costco Wholesale Corporation | Retailing | $933.80 | mid 900s - lo 1000s | 1296 | 792 | 4 TA rating, LT RS buy, LT pos trend, top 50% of RETA sector matrix, buy on pullback |
| APEI | American Public Education Inc. | Business Products | $29.68 | hi 20s - low 30s | 42 | 25 | 5 for 5'er, top 10% of BUSI sector matrix, shakeout to triple top breakout, Earn. 8/11 |
| OLLI | Ollies Bargain Outlet Holding Inc. | Retailing | $131.75 | 120s | 150 | 102 | 5 for 5'er, top 25% of favored RETA sector matrix, LT pos mkt RS, buy on pullback |
| MNST | Monster Beverage Corp. | Food Beverages/Soap | $60.18 | hi 50s - lo 60s | 80 | 50 | 5 TA rating, top 20% of FOOD sector matrix, LT RS buy, buy-on-pullback,Earn. 8/11 |
| DRI | Darden Restaurants, Inc. | Restaurants | $202.80 | hi 190s - mid 210s | 262 | 178 | 5 TA rating, top 50% of REST sector matrix, LT RS buy, consec buy signals, buy-on-pullback |
| ERJ | Embraer - Empresa Brasileira de Aeronau (Brazil) ADR | Aerospace Airline | $47.61 | hi 40s - low 50s | 92 | 43 | 4 for 5'er, top half of AERO sector matrix, LT pos peer & mkt RS, triple top, buy on pullback, Earn. 8/5 |
| HWC | Hancock Whitney Corp | Banks | $60.51 | hi 50s - lo 60s | 83 | 50 | 5 TA rating, top 50% of BANK sector matrix, LT RS buy, consec buy signals, buy-on-pullback |
| WPM | Wheaton Precious Metals Corp | Precious Metals | $94.01 | mid 80s - low 90s | 108 | 75 | 5 for 5'er, top half of PREC sector matrix, LT pos peer RS, spread triple top, buy on pullback, Earn. 8/7 |
| UAL | United Airlines Holdings Inc. | Aerospace Airline | $89.73 | hi 80s - low 90s | 116 | 79 | 4 for 5'er, top half of favored AERO sector matrix, multiple buy signals, buy on pullback |
| DG | Dollar General Corp. | Retailing | $107.75 | 100s to mid 110s | 133 | 86 | 4 TA rating, top 33% of RETA sector matrix, LT peer RS buy, consec buy signals, buy-on-pullback |
| URBN | Urban Outfitters, Inc. | Retailing | $73.37 | mid-to-hi 70s | 91 | 65 | 5 for 5'er, top 10% of favored RETA sector matrix, LT pos mkt RS |
| TXN | Texas Instruments Incorporated | Semiconductors | $185.69 | mid 180s - mid 190s | 220 | 158 | 4 for 5'er, favored SEMI sector matrix, LT pos mkt RS, bullish triangle, buy on pullback |
| BSX | Boston Scientific Corporation | Healthcare | $106.21 | 99 - 108 | 133 | 91 | 5 for 5'er, top 25% of HEAL sector matrix, LT pos mkt RS, spread triple top |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| TARS | Tarsus Pharmaceuticals, Inc. | Biomedics/Genetics | $42.44 | low 40s | 28 | 49 | 1 for 5'er, bottom 10% of BIOM sector matrix, RS sell signal, spread quad bottom, Earn. 8/7 |
Removed Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| LAMR | Lamar Advertising Company | Media | $124.98 | mid 110s - low 120s | 144 | 99 | Removed for earnings. Raise stop to $104. Earn. 8/8 |
| ARES | Ares Management Corp | Finance | $182.34 | mid 160s - 170s | 200 | 154 | Removed for earnings. Earn. 8/1 |
Follow-Up Comments
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NDW Spotlight Stock
BSX Boston Scientific Corporation R ($106.05) - Healthcare - BSX is a 5 for 5'er that ranks in the top quartile of the healthcare sector matrix and has been on a market RS buy signal since 2013. On its default chart, the stock gave a second consecutive buy signal this week when it broke a spread triple top at $108, marking a new all-time high. Long exposure may be added in the $99 - $108 range and we will set our initial stop at $91, which would take out multiple levels of support on BSX's chart. We will use the bullish price objective, $133, as our target price.
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| 108.00 | 7 | 108.00 | |||||||||||||||||||||||||||
| 106.00 | 2 | X | X | 106.00 | |||||||||||||||||||||||||
| 104.00 | X | O | X | X | 5 | O | X | 104.00 | |||||||||||||||||||||
| 102.00 | X | O | X | O | X | O | X | O | X | Mid | 102.00 | ||||||||||||||||||
| 100.00 | X | O | X | O | X | O | X | 6 | X | 100.00 | |||||||||||||||||||
| 99.00 | X | O | X | 3 | X | O | X | O | X | 99.00 | |||||||||||||||||||
| 98.00 | X | O | O | X | X | O | X | O | 98.00 | ||||||||||||||||||||
| 97.00 | X | X | O | X | O | X | 4 | X | X | 97.00 | |||||||||||||||||||
| 96.00 | X | O | X | O | X | O | X | O | X | O | X | X | 96.00 | ||||||||||||||||
| 95.00 | X | O | X | O | X | O | O | X | O | X | O | X | 95.00 | ||||||||||||||||
| 94.00 | X | O | O | O | X | O | X | O | X | 94.00 | |||||||||||||||||||
| 93.00 | X | O | X | O | X | O | Bot | 93.00 | |||||||||||||||||||||
| 92.00 | 1 | O | X | O | 92.00 | ||||||||||||||||||||||||
| 91.00 | X | X | X | O | X | 91.00 | |||||||||||||||||||||||
| 90.00 | X | O | X | O | X | O | X | 90.00 | |||||||||||||||||||||
| 89.00 | X | O | X | O | X | O | X | 89.00 | |||||||||||||||||||||
| 88.00 | X | X | X | O | C | O | X | 88.00 | |||||||||||||||||||||
| 87.00 | X | O | X | O | X | O | X | 87.00 | |||||||||||||||||||||
| 86.00 | X | O | X | O | B | O | 86.00 | ||||||||||||||||||||||
| 85.00 | A | O | X | O | X | 85.00 | |||||||||||||||||||||||
| 84.00 | X | O | O | X | 84.00 | ||||||||||||||||||||||||
| 83.00 | 9 | O | X | 83.00 | |||||||||||||||||||||||||
| 82.00 | X | O | X | 82.00 | |||||||||||||||||||||||||
| 81.00 | X | O | 81.00 | ||||||||||||||||||||||||||
| 80.00 | X | 80.00 | |||||||||||||||||||||||||||
| 79.00 | X | 79.00 | |||||||||||||||||||||||||||
| 78.00 | O | X | 78.00 | ||||||||||||||||||||||||||
| 77.00 | O | X | 77.00 | ||||||||||||||||||||||||||
| 76.00 | O | X | 76.00 | ||||||||||||||||||||||||||
| 75.00 | O | X | • | 75.00 | |||||||||||||||||||||||||
| 74.00 | O | X | • | 74.00 | |||||||||||||||||||||||||
| 73.00 | 8 | X | • | 73.00 | |||||||||||||||||||||||||
| 72.00 | O | • | 72.00 | ||||||||||||||||||||||||||
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