Today's featured stock is Tapestry Inc. (TPR).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| ACT | Enact Holdings Inc | Finance | $35.53 | 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 |
| BN | Brookfield Corp. | Wall Street | $44.46 | 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. Earn. 11/13 |
| BLFS | BioLife Solutions, Inc. | Healthcare | $27.32 | 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, Earn. 11/10 |
| AYI | Acuity Inc. | Building | $356.60 | 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 | $46.11 | 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 | $151.33 | 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 | $44.00 | 42 - 45 | 54 | 36 | 4 for 5'er, top third of favored TRAN sector matrix, buy on pullback, Earn. 11/7 |
| JOYY | JOYY Inc. | Internet | $56.99 | mid-to-hi 50s | 88 | 48 | 5 for 5'er, top third of favored INET sector matrix, spread triple top, buy on pullback, R-R~4.0, 4.9% yield |
| SNOW | Snowflake, Inc. Class A | Software | $240.74 | low $230s to low $250s | 358 | 212 | 4 for 5'er, pos. trend and mkt RS buy signal since May; pulling back from rally high; top quintile of software matrix. |
| ESTA | Establishment Labs Holdings, Inc. | Healthcare | $47.27 | mid 40s | 61 | 36 | 4 for 5'er, top third of HEAL sector matrix, one box from market RS buy, good R-R, Earn. 11/6 |
| IBKR | Interactive Brokers Group, Inc. | Wall Street | $66.23 | mid-to-hi 60s | 79 | 59 | 5 for 5'er, #2 of 62 in favored WALL sector matrix, LT pos mkt & peer RS, buy on pullback |
| TPR | Tapestry Inc. | Textiles/Apparel | $116.82 | 110s | 163 | 92 | 5 for 5'er, #1 of 22 in favored TEXT sector matrix, LT pos mkt & peer RS, triple top, R-R~2.0, Earn. 11/6 |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|
Removed Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| ALHC | Alignment Healthcare, Inc. | Healthcare | $17.12 | 16 - 18 | 25.50 | 14 | Removed for earnings. Earn. 10/30 |
Follow-Up Comments
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NDW Spotlight Stock
TPR Tapestry Inc. R ($116.74) - Textiles/Apparel - TPR is a 5 for 5'er that ranks first out of 22 names in the favored textiles/apparel sector matrix and has been on market and peer RS buy signals since 2020 and 2021, respectively. In last week's trading, TPR gave a second consecutive buy signal and reached a new all-time high when it broke a triple top at $118 but remains in actionable territory on its 10-week trading band with a weekly overbought/oversold (OBOS) reading of 38%. Long exposure may be added in the $110s and we will set our initial stop at $92, which would take out multiple levels of support on TPR's chart. We will use the bullish price objective, $163, as our target price, giving us a reward-to-risk ratio approaching 2.0. TPR also carries a 1.4% yield and is expected to report earnings on 11/6.
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