Today's featured stock is Quanta Services, Inc. (PWR).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| TSCO | Tractor Supply Company | Retailing | $59.87 | upper 50s | 66 | 50 | 3 for 5'er, LT pos mkt RS, buy on pullback |
| HLT | Hilton Worldwide Holdings Inc | Leisure | $266.30 | 260s - low 280s | 364 | 216 | 5 TA rating, LT pos trend, consec buy signals, buy on pullback. |
| AMZN | Amazon.com Inc. | Retailing | $231.23 | 200s - low 210s | 240 | 178 | 4 for 5'er, LT pos peer & mkt RS, buy on pullback |
| PEGA | Pegasystems Inc | Software | $59.69 | low-to-mid 50s | 79 | 42 | 5 for 5'er, top 20% of favored SOFT sector matrix, buy on pullback |
| FOXA | Fox Corporation Class A | Media | $59.84 | hi 50s - lo 60s | 70 | 52 | 5 TA rating, LT pos trend, LT peer RS buy, shakeout completion, pos wkly mom |
| ACT | Enact Holdings Inc | Finance | $38.34 | mid-to-hi 30s | 48 | 31 | 5 for 5'er, top half of favored FINA sector matrix, spread quad top, 2.2% yield |
| HAS | Hasbro, Inc. | Leisure | $74.87 | mid-to-hi 70s | 96 | 64 | 4 for 5'er, new RS buy signal, triple top, 3%+ yield |
| ETR | Entergy Corporation | Utilities/Electricity | $87.83 | mid-to-hi 80s | 101 | 75 | 5 for 5'er, top 25% of EUTI sector matrix, triple top, buy on pullback, 2.7% yield |
| GIL | Gildan Activewear | Textiles/Apparel | $54.42 | low-hi $50s | 80 | 43 | 5 TA rating, LT RS buy, LT pos trend, pos wkly and monthly mom, buy on pullback |
| EMR | Emerson Electric Co. | Machinery and Tools | $131.91 | hi 120s - lo 140s | 175 | 114 | 5 TA rating, LT pos mkt RS, consec buy signals |
| EA | Electronic Arts Inc. | Leisure | $173.17 | 160s - low 170s | 218 | 140 | 3 for 5'er, top half of LEIS sector matrix, one box from RS buy, buy on pullback |
| GLNG | Golar LNG Ltd | Oil Service | $40.02 | lo-mid 40s | 73 | 34 | 5 TA rating, consec buy signals, LT mkt RS, top 50% of OILS sector |
| HLI | Houlihan Lokey Inc | Banks | $208.44 | 190s - low 200s | 222 | 170 | 5 TA rating, top 20% of BANK sector matrix, LT mkt RS buy, price consolidation |
| ELF | Elf Beauty Inc | Household Goods | $146.67 | mid 120s - hi 130s | 170 | 112 | 5 for 5'er, top 20% of HOUS sector matrix, spread triple top |
| ATO | Atmos Energy Corp | Gas Utilities | $162.44 | mid 150s - lo 170s | 212 | 142 | 4 TA rating, near top of GUTI sector matrix, LT pos trend, consec buy signals |
| BN | Brookfield Corp. | Wall Street | $70.75 | mid-to-hi 60s | 80 | 56 | 5 for 5'er, top 20% of WALL sector matrix, LT pos peer RS, shakeout to triple top |
| CEG | Constellation Energy Corporation | Utilities/Electricity | $322.71 | 320s - 330s | 396 | 280 | 3 for 5'er, top 25% of favored EUTI sector matrix, one box from mkt RS buy, bearish signal reversal |
| ORA | Ormat Technologies, Inc. | Utilities/Electricity | $94.00 | hi 80s - mid 90s | 120 | 73 | 4 TA rating, top 33% of EUTI sector matrix, consec. buy signals, buy-on-pullback |
| MTG | MGIC Investment Corporation | Insurance | $28.50 | mid-hi 20s | 42 | 21.50 | 5 TA rating, LT RS buy, LT pos trend, 2% yield |
| PWR | Quanta Services, Inc. | Building | $390.65 | hi 370s - 390s | 476 | 340 | 5 for 5'er, top 33% of favored BUIL sector matrix, LT pos peer & mkt RS, triple top, good R-R |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|
Removed Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| AXP | American Express Company | Finance | $341.67 | 288-lo 310s | 424 | 236 | AXP has moved into heavily overbought territory. OK to hold here. Raise stop to $280. Earn. 10/17 |
| ICE | IntercontinentalExchange Inc. | Wall Street | $171.13 | mid 170s - mid 180s | 228 | 152 | ICE has fallen to a sell signal. OK to hold here. Maintain $152 stop. |
| DOCS | Doximity, Inc. Class A | Healthcare | $73.60 | 63-68 | 85 | 55 | DOCS has moved into heavily overbought territory. OK to hold here. Raise stop to $62. |
| AEIS | Advanced Energy Industries | Semiconductors | $169.75 | hi 140s - mid 150s | 228 | 128 | AEIS has moved into heavily overbought territory. OK to hold here. Rase stop to $142. |
| GE | GE Aerospace | Aerospace Airline | $297.09 | 264-lo 290s | 414 | 232 | GE has moved into heavily overbought territory. OK to hold here. Raise stop to $252. |
| ENVA | Enova International Inc | Finance | $126.85 | 110s | 174 | 97 | ENVA has moved into heavily overbought territory. OK to hold here. Raise stop to $114. |
| KLAC | KLA Corp | Semiconductors | $1046.69 | 940s - 990s | 1296 | 832 | KLAC has moved into heavily overbought territory. OK to hold here. Maintain $832 stop. |
Follow-Up Comments
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NDW Spotlight Stock
PWR Quanta Services, Inc. R ($389.22) - Building - PWR is a 5 for 5'er that ranks in the top third of the favored building sector matrix and has been on peer & market RS buy signals since 2020. After giving three consecutive sell signals, PWR returned to a buy signal last week when it broke a triple top at $388. Long exposure may be added in the upper $370s to $390s and we will set our initial stop $340, which would take out multiple levels of support on PWR's chart and violate its trend line. we will use the bullish price objective, $476, as our target price.
| 424.00 | X | 424.00 | |||||||||||||||||||||||||||
| 416.00 | X | O | 416.00 | ||||||||||||||||||||||||||
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