Today's featured stock is Veeva Systems Inc. (VEEV).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| OLLI | Ollies Bargain Outlet Holding Inc. | Retailing | $138.51 | 120s | 150 | 102 | 5 for 5'er, top 25% of favored RETA sector matrix, LT pos mkt RS, buy on pullback, Earn. 8/28 |
| DRI | Darden Restaurants, Inc. | Restaurants | $203.20 | hi 190s - mid 210s | 262 | 178 | 5 TA rating, top 50% of REST sector matrix, LT RS buy, consec buy signals, buy-on-pullback |
| HWC | Hancock Whitney Corp | Banks | $60.25 | 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 | $91.00 | 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 | $90.24 | 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 | $105.54 | 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, Earn. 8/28 |
| URBN | Urban Outfitters, Inc. | Retailing | $76.30 | mid-to-hi 70s | 91 | 65 | 5 for 5'er, top 10% of favored RETA sector matrix, LT pos mkt RS, Earn. 8/26 |
| BSX | Boston Scientific Corporation | Healthcare | $106.76 | 99 - 108 | 133 | 91 | 5 for 5'er, top 25% of HEAL sector matrix, LT pos mkt RS, spread triple top |
| TSCO | Tractor Supply Company | Retailing | $57.83 | upper 50s | 66 | 50 | 3 for 5'er, top half of favored RETA sector matrix, LT pos mkt RS, buy on pullback |
| HLT | Hilton Worldwide Holdings Inc | Leisure | $273.29 | 260s - low 280s | 364 | 216 | 5 TA rating, top 50% of LEIS sector matrix, LT RS buy, LT pos trend, consec buy signals, buy on pullback. |
| RPM | RPM, Inc. | Chemicals | $118.76 | 110 - 120 | 150 | 99 | 5 for 5'er, top half of favored CHEM sector matrix, LT pos mkt RS, bullish catapult, pos trend flip, 1.7% yield |
| VEEV | Veeva Systems Inc. | Healthcare | $286.90 | 274-lo 300s | 348 | 232 | 5 TA rating, top 10% of HEAL sector matrix, recent shakeout, buy-on-pullback |
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 |
|---|---|---|---|---|---|---|---|
| TXN | Texas Instruments Incorporated | Semiconductors | $189.52 | 164 | Moved to a sell signal. We will raise our stop to $164. |
Follow-Up Comments
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NDW Spotlight Stock
VEEV Veeva Systems Inc. ($288.25) R - Healthcare - VEEV has a 5 for 5 TA rating and sits in the top decile of the healthcare sector RS matrix. The stock has been in a positive trend since April and moved back to an RS buy signal against the market in early June. The recent chart action saw VEEV complete a shakeout pattern and ascend to a new multi-year high at $296 before retracting down to the current level. The overall technical picture remains strong, allowing this pullback to serve as a better potential entry point for long investors. Exposure may be considered from $274 to the low $300s. Our initial stop will be positioned at $232, which would violate multiple support levels and move the stock to a negative trend. The bullish price objective of $348 will serve as our price target. Note that VEEV has earnings expected on 8/27.
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