Today's featured stock is Rocket Companies Inc Class A (RKT).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| TSCO | Tractor Supply Company | Retailing | $59.66 | upper 50s | 66 | 50 | 3 for 5'er, LT pos mkt RS, buy on pullback |
| HLT | Hilton Worldwide Holdings Inc | Leisure | $268.61 | 260s - low 280s | 364 | 216 | 5 TA rating, LT pos trend, consec buy signals, buy on pullback. |
| AMZN | Amazon.com Inc. | Retailing | $231.48 | 200s - low 210s | 240 | 178 | 4 for 5'er, LT pos peer & mkt RS, buy on pullback |
| PEGA | Pegasystems Inc | Software | $59.68 | 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 | $60.62 | 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 | $38.47 | mid-to-hi 30s | 48 | 31 | 5 for 5'er, top half of favored FINA sector matrix, spread quad top, 2.2% yield |
| ETR | Entergy Corporation | Utilities/Electricity | $88.67 | 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 | $56.18 | 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 | $132.34 | hi 120s - lo 140s | 175 | 114 | 5 TA rating, LT pos mkt RS, consec buy signals |
| EA | Electronic Arts Inc. | Leisure | $173.09 | 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 | $39.16 | lo-mid 40s | 73 | 34 | 5 TA rating, consec buy signals, LT mkt RS, top 50% of OILS sector |
| HLI | Houlihan Lokey Inc | Banks | $208.73 | 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 | $139.96 | 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 | $162.93 | 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 | $71.81 | 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 | $330.90 | 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 | $92.49 | 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 | $28.33 | mid-hi 20s | 42 | 21.50 | 5 TA rating, LT RS buy, LT pos trend, 2% yield |
| PWR | Quanta Services, Inc. | Building | $388.58 | 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 |
| RKT | Rocket Companies Inc Class A | Finance | $20.51 | 18 - 20 | 32.50 | 15.50 | 5 for 5'er, #1 of 72 in favored FINA sector matrix, triple top, R-R>2.0 |
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 |
|---|---|---|---|---|---|---|---|
| HAS | Hasbro, Inc. | Leisure | $74.15 | mid-to-hi 70s | 96 | 64 | HAS has fallen to a sell signal. OK to hold here. Maintain $64 stop. |
Follow-Up Comments
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NDW Spotlight Stock
RKT Rocket Companies Inc Class A R ($19.99) - Finance - RKT is a 5 for 5'er that ranks first out of 72 names in the favored finance sector matrix. Earlier this month, RKT completed a shakeout pattern when it broke a triple top at $20 and reached a new multi-year at $22. The stock has subsequently pulled back to prior resistance, offering an entry point for long exposure. Positions may be added in the $18-20 range and we will set our initial stop at $15.50, the potential trend line violation on RKT's default chart. We will use the bullish price objective. $32.50, as our target price, giving us a reward-to-risk ratio north of 2.0.
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| 22.00 | • | X | 22.00 | ||||||||||||||||||||||||||
| 21.00 | X | • | X | 21.00 | |||||||||||||||||||||||||
| 20.00 | O | X | O | • | X | 20.00 | |||||||||||||||||||||||
| 19.50 | O | X | O | • | X | X | X | 19.50 | |||||||||||||||||||||
| 19.00 | 9 | X | O | • | X | O | X | O | X | 19.00 | |||||||||||||||||||
| 18.50 | O | A | X | • | X | O | X | O | X | 18.50 | |||||||||||||||||||
| 18.00 | O | X | O | • | X | O | X | O | X | Mid | 18.00 | ||||||||||||||||||
| 17.50 | O | X | O | • | X | O | 9 | X | 17.50 | ||||||||||||||||||||
| 17.00 | O | O | • | X | X | O | 17.00 | ||||||||||||||||||||||
| 16.50 | O | • | X | O | X | 16.50 | |||||||||||||||||||||||
| 16.00 | O | • | X | O | 8 | 16.00 | |||||||||||||||||||||||
| 15.50 | B | X | X | X | • | X | O | X | • | 15.50 | |||||||||||||||||||
| 15.00 | O | X | X | O | X | O | X | O | • | X | X | O | X | • | 15.00 | ||||||||||||||
| 14.50 | O | X | O | 3 | O | X | O | X | O | • | X | O | X | O | • | 14.50 | |||||||||||||
| 14.00 | O | X | O | X | O | X | O | X | O | • | 6 | O | X | • | 14.00 | ||||||||||||||
| 13.50 | • | O | C | 2 | O | X | O | 4 | O | • | X | 7 | • | 13.50 | |||||||||||||||
| 13.00 | • | O | X | O | O | X | O | X | X | X | • | 13.00 | |||||||||||||||||
| 12.50 | • | O | X | O | X | O | X | O | X | O | X | • | 12.50 | ||||||||||||||||
| 12.00 | • | O | X | O | O | X | O | X | O | X | • | Bot | 12.00 | ||||||||||||||||
| 11.50 | O | X | O | X | O | • | 5 | • | 11.50 | ||||||||||||||||||||
| 11.00 | O | X | O | • | • | • | 11.00 | ||||||||||||||||||||||
| 10.50 | 1 | • | 10.50 | ||||||||||||||||||||||||||
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