Today's featured stock is Atmus Filtration Technologies, Inc. (ATMU).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| AMZN | Amazon.com Inc. | Retailing | $227.74 | 200s - low 210s | 240 | 178 | 3 for 5'er, LT pos peer & mkt RS, buy on pullback, Earn. 10/30 |
| PEGA | Pegasystems Inc | Software | $56.23 | low-to-mid 50s | 79 | 47 | 5 for 5'er, top 20% of favored SOFT sector matrix, buy on pullback, Earn. 10/21 |
| FOXA | Fox Corporation Class A | Media | $58.87 | hi 50s - lo 60s | 70 | 52 | 5 TA rating, LT pos trend, LT peer RS buy, shakeout completion, pos wkly mom, Earn. 11/4 |
| ACT | Enact Holdings Inc | Finance | $35.57 | mid-to-hi 30s | 48 | 31 | 5 for 5'er, top half of favored FINA sector matrix, spread quad top, 2.2% yield, Earn. 11/5 |
| EMR | Emerson Electric Co. | Machinery and Tools | $131.53 | hi 120s - lo 140s | 175 | 114 | 5 TA rating, LT pos mkt RS, consec buy signals, Earn. 11/5 |
| BN | Brookfield Corp. | Wall Street | $44.99 | mid-to-hi 60s | 62.50 | 41 | Due to a stock split, we will adjust our stop to $41, which would take out multiple levels of support on BN's $0.50 chart. |
| CEG | Constellation Energy Corporation | Utilities/Electricity | $383.23 | 320s - 330s | 396 | 280 | 3 for 5'er, top 25% of favored EUTI sector matrix, one box from mkt RS buy, bearish signal reversal, Earn. 11/7 |
| MTG | MGIC Investment Corporation | Insurance | $26.88 | mid-hi 20s | 42 | 21.50 | 5 TA rating, LT RS buy, LT pos trend, 2% yield, Earn. 10/29 |
| PWR | Quanta Services, Inc. | Building | $429.92 | 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, Earn. 10/30 |
| ETD | Ethan Allen Interiors Inc | Household Goods | $27.63 | 27 - 30 | 44 | 24 | 4 for 5'er, top 20% of HOUS sector matrix, LT pos mkt & peer RS, R-R~3.0, 5.4% yield, Earn. 10/29 |
| NI | Nisource, Inc. | Gas Utilities | $42.94 | 39-mid 40s | 78 | 35 | 5 TA rating, LT pos trend, top 25% of GUTI sector matrix, consec buy signals, yield > 2.5%, R-R > 5, Earn. 10/29 |
| COCO | Vita Coco Company, Inc. | Food Beverages/Soap | $42.77 | mid-to-hi 30s | 59 | 31 | 5 for 5'er, top 20% of favored FOOD sector matrix, buy on pullback, R-R~2.0, Earn. 10/29 |
| BLFS | BioLife Solutions, Inc. | Healthcare | $27.45 | 23 - 25 | 40 | 20 | 5 for 5'er, top third of HEAL sector matrix, LT pos peer & mkt RS, spread triple top, R-R~3.0 |
| ALHC | Alignment Healthcare, Inc. | Healthcare | $17.55 | 16 - 18 | 25.50 | 14 | 5 for 5'er, top half of HEAL sector matrix, bullish catapult, R-R>3.0, Earn. 10/30 |
| AYI | Acuity Inc. | Building | $360.66 | 340s - 350s | 456 | 296 | 4 for 5'er, top half of BUIL sector matrix, triple top, buy on pullback, R-R~2.0 |
| INSW | International Seaways Inc | Oil Service | $44.71 | 42-47 | 62 | 34 | 4 TA rating, top 33% of OILS sector matrix, consec buy signals, buy on pullback, Earn. 11/6 |
| ATGE | Adtalem Global Education Inc. | Business Products | $143.59 | mid 130s - mid 140s | 174 | 122 | 5 for 5'er, top 20% of BUSI sector matrix, LT pos peer & mkt RS, buy on pullback, Earn. 10/30 |
| ATMU | Atmus Filtration Technologies, Inc. | Transports/Non Air | $44.32 | 42 - 45 | 54 | 36 | 4 for 5'er, top third of favored TRAN sector matrix, buy on pullback, Earn. 11/7 |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|
Removed Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| HLI | Houlihan Lokey Inc | Banks | $189.80 | 190s - low 200s | 222 | 170 | HLI has fallen to a sell signal. OK to hold here. Maintain $170 stop. Earn. 10/30 |
| FTAI | FTAI Aviation Ltd | Transports/Non Air | $169.38 | 160s - mid 170s | 238 | 134 | FTAI has fallen to a sell signal. OK to hold here. Maintain $134 stop. Earn. 10/27 |
| FIVE | Five Below Inc | Retailing | $150.96 | mid 140s - mid 150s | 190 | 126 | FIVE has fallen to a sell signal. OK to hold here. Maintain $126 stop. |
| ALGT | Allegiant Travel Company | Aerospace Airline | $60.74 | low-to-mid $60s | 77 | 53 | ALGT has fallen to a sell signal. OK to hold here. Maintain $53 stop. Earn. 10/30 |
Follow-Up Comments
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NDW Spotlight Stock
ATMU Atmus Filtration Technologies, Inc. R ($42.79) - Transports/Non Air - ATMU is a 4 for 5'er that ranks in the top third of the favored transports non air sector matrix. On its default chart, ATMU has completed four consecutive buy signals, forming a staircase-like pattern, and reached a new all-time in last month's trading. The stock has now pulled back to the middle of its trading band, just above prior support, offering an entry point for long exposure. Positions may be added in the $42 - $45 range and we will set our initial stop at $36, which would take out multiple levels of support on ATMU's chart and violate its trend line. We will use the bullish price objective, $54, as our target price. ATMU is expected to report earnings on 11/7.
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