Today's featured stock Cummins Inc. (CMI).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| BN | Brookfield Corp. | Wall Street | $45.10 | 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 | $27.54 | 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 | $357.30 | 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 | $46.53 | 42-47 | 62 | 34 | 4 TA rating, top 33% of OILS sector matrix, consec buy signals, buy on pullback, Earn. 11/6 |
| ATMU | Atmus Filtration Technologies, Inc. | Transports/Non Air | $44.39 | 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 | $58.78 | 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 | $241.67 | 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 | $49.85 | 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 | $64.77 | 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 | $115.33 | 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 | $82.64 | 80 - 84 | 92 | 67 | 3/5'er; top 3rd of sector matrix; ATHs 10/21; R-R > 2. |
| TXRH | Texas Roadhouse, Inc. | Restaurants | $178.78 | 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 |
| CMI | Cummins Inc. | Machinery and Tools | $407.98 | hi 390s - 430s | 492 | 352 | 5 TA rating, top 33% of MACH sector, consec buy signals, buy-on-pullback, 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 |
|---|---|---|---|---|---|---|---|
| ATGE | Adtalem Global Education Inc. | Business Products | $152.24 | mid 130s - mid 140s | 174 | 122 | Removed for earnings (10/30). |
Follow-Up Comments
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NDW Spotlight Stock
CMI Cummins Inc. ($417.74) R - Machinery and Tools - CMI has a 5 for 5 TA rating and sits in the top third of the machinery and tools sector RS matrix. The stock has also been on an RS buy signal against the market since last December and against its peers since 2020. The weight of the long-term technical evidence is favorable and the stock has given four consecutive buy signals, highlighting the near-term improvement. Exposure may be considered in the high $390s to $430s. Our initial stop will be positioned at $352, which would violate multiple support levels on the default chart. The bullish price objective of $492 will serve as our price target. Note that earnings are expected on 11/6.
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