Today's featured stock is Texas Roadhouse, Inc.(TXRH).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| BN | Brookfield Corp. | Wall Street | $45.20 | 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 | $27.68 | 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 | $364.93 | 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 | $45.24 | 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 | $153.08 | 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 | $44.68 | 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 | $59.21 | 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 | $247.52 | 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 | $49.33 | 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 | $66.27 | 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 | $117.14 | 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 |
| DCI | Donaldson Co Inc | Waste Management | $83.75 | 80 - 84 | 92 | 67 | 3/5'er; top 3rd of sector matrix; ATHs 10/21; R-R > 2. |
| TXRH | Texas Roadhouse, Inc. | Restaurants | $178.03 | hi 160s - hi 170s | 226 | 148 | 4 for 5'er, top half of REST sector matrix, LT pos peer & mkt RS, bearish signal reversal, Earn. 11/6 |
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 |
|---|---|---|---|---|---|---|---|
| ACT | Enact Holdings Inc | Finance | $36.04 | mid-to-hi 30s | 48 | 31 | Removed for earnings. Earn. 11/5 |
Follow-Up Comments
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NDW Spotlight Stock
TXRH Texas Roadhouse, Inc. R ($177.13) - Restaurants - TXRH is a 4 for 5'er that ranks in the top half of the restaurants sector matrix and has been peer and market RS buy signals since 2018 and 2020, respectively. After giving four consecutive sell signals, TXRH found support at $5158 for the third time since April and returned to a buy signal last week when it completed a bearish signal reversal at $172 and continued higher to $180, returning it to a positive trend. Long exposure may be added in the upper $160s to upper $170s and we will set our initial stop at $148, which would take out multiple levels of support on TXRH's default chart. We will use the bullish price objective, $226, as our target price. TXRH also carries a 1.5% yield and is expected to report earnings on 11/6.
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