Today's featured stock is TD SYNNEX Corporation (SNX).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| DRI | Darden Restaurants, Inc. | Restaurants | $207.49 | hi 190s - mid 210s | 262 | 178 | 5 TA rating, top 50% of REST sector matrix, LT RS buy, consec buy signals, buy-on-pullback |
| BSX | Boston Scientific Corporation | Healthcare | $106.05 | 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 | $61.03 | 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 | $269.90 | 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 | $124.17 | 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 |
| AMZN | Amazon.com Inc. | Retailing | $223.81 | 200s - low 210s | 240 | 178 | 4 for 5'er, top half of favored RETA sector matrix, LT pos peer & mkt RS, buy on pullback |
| SCHW | The Charles Schwab Corporation | Wall Street | $95.51 | lo-hi 90s | 120 | 76 | 5 TA rating, top 20% of WALL sector matrix, LT peer RS buy, consec buy signals, buy-on-pullback |
| AXP | American Express Company | Finance | $308.40 | 288-lo 310s | 424 | 236 | 5 TA rating, top 20% of FINA sector matrix, LT RS buy, LT pos trend, consec buy signals, buy on pullback |
| PEG | Public Service Enterprise Group Inc. | Utilities/Electricity | $85.16 | mid 80s | 95 | 74 | 3 for 5'er, favored EUTI sector, spread quintuple top, buy on pullback, 2.9% yield |
| MS | Morgan Stanley | Wall Street | $144.12 | 140s - lo 150s | 186 | 122 | 5 TA rating, top 33% of WALL sector matrix, LT pos mkt RS, consec buy signals, recent breakout |
| PEGA | Pegasystems Inc | Software | $51.82 | low-to-mid 50s | 79 | 42 | 5 for 5'er, top 20% of favored SOFT sector matrix, buy on pullback, R-R>2.0 |
| FOXA | Fox Corporation Class A | Media | $58.97 | hi 50s - lo 60s | 70 | 52 | 5 TA rating, LT pos trend, LT peer RS buy, shakeout completion, pos wkly mom |
| ICE | IntercontinentalExchange Inc. | Wall Street | $181.30 | mid 170s - mid 180s | 228 | 152 | 5 for 5'er, top half of favored WALL sector matrix, LT pos peer & mkt RS, buy on pullback |
| ACT | Enact Holdings Inc | Finance | $37.88 | mid-to-hi 30s | 48 | 31 | 5 for 5'er, top half of favored FINA sector matrix, spread quad top, 2.2% yield |
| LRCX | Lam Research Corporation | Semiconductors | $99.15 | 95 - lo 100s | 135 | 79 | 5 TA rating, top 25% of SEMI sector matrix, LT RS buy, buy-on-pulback |
| HAS | Hasbro, Inc. | Leisure | $79.69 | mid-to-hi 70s | 96 | 64 | 4 for 5'er, top third of LEIS sector matrix, new RS buy signal, triple top, 3.44% yield |
| SNX | TD SYNNEX Corporation | Computers | $145.29 | 140-lo 150s | 181 | 118 | 5 TA rating, top 25% of COMP sector matrix, LT RS buy, consec buy signals, buy-on-pullback |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|
Removed Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| WING | Wingstop Inc. | Restaurants | $329.26 | 280 | Moved to a sell signal. Current exposure may maintain the $280 stop. |
Follow-Up Comments
| Comment | |||||||
|---|---|---|---|---|---|---|---|
|
|
|||||||
NDW Spotlight Stock
SNX TD SYNNEX Corporation ($144.44) R - Computers - SNX has a 5 for 5 TA rating and sits in the top quartile of the computers sector RS matrix. The stock has maintained an RS buy signal against the market since 2019 and saw monthly momentum recently flip positive, suggesting the potential for further upside. The chart action over the past week saw SNX retract from all-time highs to a more actionable range just above the mid-point on its trading band. Exposure may be considered on this pullback from $140 to the low $150s. Our initial stop will be positioned at $118, which would violate multiple support levels on the default chart. The bullish price objective of $181 will serve as our price target.
| 25 | |||||||||||||||||||||||||||||
| 152.00 | X | 152.00 | |||||||||||||||||||||||||||
| 150.00 | X | O | 150.00 | ||||||||||||||||||||||||||
| 148.00 | X | X | O | 148.00 | |||||||||||||||||||||||||
| 146.00 | • | X | O | X | O | 146.00 | |||||||||||||||||||||||
| 144.00 | X | • | X | O | X | O | 144.00 | ||||||||||||||||||||||
| 142.00 | X | O | • | X | 8 | X | 142.00 | ||||||||||||||||||||||
| 140.00 | X | O | • | 7 | O | 140.00 | |||||||||||||||||||||||
| 138.00 | X | 2 | • | X | Mid | 138.00 | |||||||||||||||||||||||
| 136.00 | X | O | • | X | 136.00 | ||||||||||||||||||||||||
| 134.00 | X | 3 | • | X | 134.00 | ||||||||||||||||||||||||
| 132.00 | 6 | X | O | X | • | X | 132.00 | ||||||||||||||||||||||
| 130.00 | X | O | X | O | X | O | • | X | 130.00 | ||||||||||||||||||||
| 128.00 | X | O | X | O | X | O | • | X | 128.00 | ||||||||||||||||||||
| 126.00 | X | O | X | X | O | O | X | 6 | 126.00 | ||||||||||||||||||||
| 124.00 | X | O | X | O | C | X | O | X | O | X | 124.00 | ||||||||||||||||||
| 122.00 | X | O | X | A | B | O | X | O | 1 | O | X | O | X | 122.00 | |||||||||||||||
| 120.00 | 5 | O | X | X | O | X | O | X | O | X | O | X | • | O | X | O | Bot | 120.00 | |||||||||||
| 118.00 | X | O | X | O | X | O | X | O | X | O | X | O | X | • | O | X | 118.00 | ||||||||||||
| 116.00 | X | O | X | O | X | 9 | X | O | O | • | O | • | O | X | 116.00 | ||||||||||||||
| 114.00 | X | 7 | X | 8 | X | O | X | • | • | O | 5 | 114.00 | |||||||||||||||||
| 112.00 | O | X | O | X | O | X | • | O | X | 112.00 | |||||||||||||||||||
| 110.00 | O | O | O | X | • | O | X | 110.00 | |||||||||||||||||||||
| 108.00 | O | • | O | X | X | X | 108.00 | ||||||||||||||||||||||
| 106.00 | • | O | X | O | X | O | X | 106.00 | |||||||||||||||||||||
| 104.00 | • | O | X | O | X | O | X | 104.00 | |||||||||||||||||||||
| 102.00 | • | O | X | 4 | X | O | X | 102.00 | |||||||||||||||||||||
| 100.00 | • | O | X | O | X | O | X | • | 100.00 | ||||||||||||||||||||
| 99.00 | • | O | X | O | X | O | • | 99.00 | |||||||||||||||||||||
| 98.00 | • | O | O | X | • | 98.00 | |||||||||||||||||||||||
| 97.00 | O | X | • | 97.00 | |||||||||||||||||||||||||
| 96.00 | O | X | • | 96.00 | |||||||||||||||||||||||||
| 95.00 | O | X | • | 95.00 | |||||||||||||||||||||||||
| 94.00 | O | X | • | 94.00 | |||||||||||||||||||||||||
| 93.00 | O | • | 93.00 | ||||||||||||||||||||||||||
| 25 |
