Today's featured stock is Fabrinet (FN).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| TSCO | Tractor Supply Company | Retailing | $58.14 | upper 50s | 66 | 50 | 3 for 5'er, LT pos mkt RS, buy on pullback |
| HLT | Hilton Worldwide Holdings Inc | Leisure | $266.58 | 260s - low 280s | 364 | 216 | 5 TA rating, LT pos trend, consec buy signals, buy on pullback. |
| AMZN | Amazon.com Inc. | Retailing | $227.63 | 200s - low 210s | 240 | 178 | 4 for 5'er, LT pos peer & mkt RS, buy on pullback |
| PEGA | Pegasystems Inc | Software | $59.98 | 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 | $62.42 | 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 | $38.45 | 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 | $89.24 | 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 | $56.32 | 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 | $132.84 | hi 120s - lo 140s | 175 | 114 | 5 TA rating, LT pos mkt RS, consec buy signals |
| EA | Electronic Arts Inc. | Leisure | $173.42 | 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 | $40.11 | lo-mid 40s | 73 | 34 | 5 TA rating, consec buy signals, LT mkt RS, top 50% of OILS sector |
| HLI | Houlihan Lokey Inc | Banks | $208.10 | 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 | $137.32 | 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 | $162.96 | 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 | $72.73 | 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 | $347.12 | 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 | $92.67 | 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 | $28.12 | mid-hi 20s | 42 | 21.50 | 5 TA rating, LT RS buy, LT pos trend, 2% yield |
| PWR | Quanta Services, Inc. | Building | $396.02 | 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 | $19.82 | 18 - 20 | 32.50 | 15.50 | 5 for 5'er, #1 of 72 in favored FINA sector matrix, triple top, R-R>2.0 |
| FN | Fabrinet | Electronics | $389.47 | mid 360s - hi 390s | 532 | 312 | 5 TA rating, consec buy signals, LT peer RS buy, top end of ELEC sector matrix, buy-on-pullback |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|
Follow-Up Comments
| Comment | |||||||
|---|---|---|---|---|---|---|---|
|
|
|||||||
NDW Spotlight Stock
FN Fabrinet ($380.21) R - Electronics - FN has a 5 for 5 TA rating and sits in the top quartile of the favored electronics sector RS matrix. The stock has maintained an RS buy signal against its peer group since 2018 and has given three consecutive buy signals, speaking to its consistent technical improvement over the past several weeks. We saw FN touch a new all-time high at $396 before retracting back to the current position, offering a more opportune entry point for potential long investors. Exposure may be considered in the mid $360s to upper $390s. Our initial stop will be positioned at $312, which would violate multiple support levels. The bullish price objective of $532 will serve as our price target, offering a reward-to-risk ratio north of 2-to-1.
| 388.00 | X | 388.00 | |||||||||||||||||||||||||||
| 384.00 | X | 384.00 | |||||||||||||||||||||||||||
| 380.00 | X | X | 380.00 | ||||||||||||||||||||||||||
| 376.00 | X | O | X | 376.00 | |||||||||||||||||||||||||
| 372.00 | X | O | X | 372.00 | |||||||||||||||||||||||||
| 368.00 | X | O | X | 368.00 | |||||||||||||||||||||||||
| 364.00 | X | O | X | 364.00 | |||||||||||||||||||||||||
| 360.00 | X | X | O | X | 360.00 | ||||||||||||||||||||||||
| 356.00 | X | X | O | X | O | X | 356.00 | ||||||||||||||||||||||
| 352.00 | X | O | X | O | X | O | 352.00 | ||||||||||||||||||||||
| 348.00 | X | O | X | O | X | 348.00 | |||||||||||||||||||||||
| 344.00 | X | X | O | X | O | X | 344.00 | ||||||||||||||||||||||
| 340.00 | X | O | X | O | X | O | X | 340.00 | |||||||||||||||||||||
| 336.00 | X | O | X | O | X | O | X | 336.00 | |||||||||||||||||||||
| 332.00 | X | X | X | O | O | X | X | O | X | Mid | 332.00 | ||||||||||||||||||
| 328.00 | X | O | X | O | X | O | X | O | X | O | X | 328.00 | |||||||||||||||||
| 324.00 | X | O | X | O | X | O | X | O | X | 9 | X | 324.00 | |||||||||||||||||
| 320.00 | X | O | 8 | X | O | X | O | X | O | X | 320.00 | ||||||||||||||||||
| 316.00 | X | O | X | O | X | O | X | O | 316.00 | ||||||||||||||||||||
| 312.00 | X | X | O | X | O | O | X | 312.00 | |||||||||||||||||||||
| 308.00 | X | O | X | O | O | X | 308.00 | ||||||||||||||||||||||
| 304.00 | X | O | X | O | X | 304.00 | |||||||||||||||||||||||
| 300.00 | X | X | O | X | O | X | 300.00 | ||||||||||||||||||||||
| 296.00 | X | O | X | O | O | X | 296.00 | ||||||||||||||||||||||
| 292.00 | X | O | X | O | X | 292.00 | |||||||||||||||||||||||
| 288.00 | X | 7 | X | O | X | 288.00 | |||||||||||||||||||||||
| 284.00 | X | O | O | X | 284.00 | ||||||||||||||||||||||||
| 280.00 | X | O | X | 280.00 | |||||||||||||||||||||||||
| 276.00 | X | O | 276.00 | ||||||||||||||||||||||||||
| 272.00 | X | 272.00 | |||||||||||||||||||||||||||
| 268.00 | X | 268.00 | |||||||||||||||||||||||||||
| 264.00 | X | 264.00 | |||||||||||||||||||||||||||
| 260.00 | X | X | 260.00 | ||||||||||||||||||||||||||
| 256.00 | X | O | X | 256.00 | |||||||||||||||||||||||||
| 252.00 | X | O | X | • | 252.00 | ||||||||||||||||||||||||
| 248.00 | X | O | • | 248.00 | |||||||||||||||||||||||||
| 244.00 | X | X | • | 244.00 | |||||||||||||||||||||||||
| 240.00 | X | 6 | O | X | • | 240.00 | |||||||||||||||||||||||
| 236.00 | X | O | X | O | X | • | Bot | 236.00 | |||||||||||||||||||||
| 232.00 | X | O | X | O | • | 232.00 | |||||||||||||||||||||||
| 228.00 | X | O | • | 228.00 | |||||||||||||||||||||||||
| 224.00 | X | • | 224.00 | ||||||||||||||||||||||||||
| 220.00 | X | • | 220.00 | ||||||||||||||||||||||||||
| 216.00 | X | • | 216.00 | ||||||||||||||||||||||||||
| 212.00 | X | • | 212.00 | ||||||||||||||||||||||||||
| 208.00 | O | X | • | 208.00 | |||||||||||||||||||||||||
| 204.00 | O | X | • | 204.00 | |||||||||||||||||||||||||
| 200.00 | O | • | 200.00 |
