Today's featured stock is Bank of America (BAC).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| AYI | Acuity Inc. | Building | $365.05 | 340s - 350s | 456 | 296 | 4 for 5'er, top half of BUIL sector matrix, triple top, buy on pullback, R-R~2.0 |
| JOYY | JOYY Inc. | Internet | $59.31 | 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, Earn. 11/25 |
| SNOW | Snowflake, Inc. Class A | Software | $274.88 | 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, Earn. 11/26 |
| IBKR | Interactive Brokers Group, Inc. | Wall Street | $70.34 | 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 |
| DCI | Donaldson Co Inc | Waste Management | $84.25 | 80 - 84 | 92 | 67 | 3/5'er; top 3rd of sector matrix; ATHs 10/21; R-R > 2. |
| SF | Stifel Financial Corp | Wall Street | $118.43 | 110s | 140 | 92 | 4 for 5'er, top half of WALL sector matrix, LT pos peer & mkt RS, quad top break, 1.6% yield |
| CMC | Commercial Metals Corporation | Steel/Iron | $59.36 | hi 50s - low 60s | 79 | 49 | 4 for 5'er, favored STEE sector matrix, LT pos peer & mkt RS, pos trend flip, 1.2% yield |
| TJX | The TJX Companies, Inc. | Retailing | $140.14 | 136-hi 140s | 194 | 118 | 4 TA rating, top 50% of RETA sector matrix, LT pos trend, LT mkt RS buy, consec buy signals, Earn. 11/19 |
| AIT | Applied Industrial Technologies, Inc. | Machinery and Tools | $257.09 | mid 240s - ow 260s | 316 | 208 | 5 for 5'er, top half of favored MACH sector matrix, LT pos peer & mkt RS, pos trend flip |
| FLEX | Flex Ltd | Electronics | $62.52 | 61 - hi 60s | 82 | 54 | 5 TA rating, top half of ELEC sector matrix, LT RS buy, consec buy signals, buy on pullback |
| UBS | UBS AG (Switzerland) ADR | Banks | $38.36 | mid-hi 30s | 65 | 30 | 5 TA rating, top 20% of BANK sector RS matrix, LT RS buy, LT pos trend, buy-on-pullback, R-R > 3, yield > 2% |
| BAC | Bank of America | Banks | $53.45 | 49 - 54 | 67 | 44 | 4 for 5'er, top 25% of favored BANK sector matrix, LT pos peer RS, bullish catapult, 2.1% yield |
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 |
|---|---|---|---|---|---|---|---|
| BN | Brookfield Corp. | Wall Street | $46.05 | mid-to-hi 60s | 62.50 | 41 | Removed for earnings. Earn. 11/13 |
Follow-Up Comments
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NDW Spotlight Stock
BAC Bank of America R ($53.31) - Banks - BAC is a 4 for 5'er that ranks in the top quartile of the favored banks sector matrix and has been on a peer RS buy signal since 2012. On its default chart, BAC gave a second consecutive buy signal in last week's trading when it completed a bullish catapult at $53. Long exposure may be added in the $49 - $54 range and we will set our initial stop at $44, which would take out two levels of support on BAC's chart; we will use the bullish price objective, $67, as our target price. BAC also carries a 2.1% yield.
| 23 | 24 | 25 | |||||||||||||||||||||||||||
| 53.00 | X | 53.00 | |||||||||||||||||||||||||||
| 52.00 | X | X | 52.00 | ||||||||||||||||||||||||||
| 51.00 | 9 | O | X | Mid | 51.00 | ||||||||||||||||||||||||
| 50.00 | X | O | X | 50.00 | |||||||||||||||||||||||||
| 49.00 | X | X | X | A | 49.00 | ||||||||||||||||||||||||
| 48.00 | X | 7 | O | X | O | X | 48.00 | ||||||||||||||||||||||
| 47.00 | X | O | X | X | O | X | O | X | 47.00 | ||||||||||||||||||||
| 46.00 | X | O | 1 | O | 6 | O | 8 | X | 46.00 | ||||||||||||||||||||
| 45.00 | X | C | X | O | X | O | Bot | 45.00 | |||||||||||||||||||||
| 44.00 | X | B | O | X | 2 | X | 44.00 | ||||||||||||||||||||||
| 43.00 | X | O | X | O | 3 | X | X | 43.00 | |||||||||||||||||||||
| 42.00 | • | X | O | A | O | X | O | X | 42.00 | ||||||||||||||||||||
| 41.00 | • | 7 | O | 9 | O | X | O | 5 | 41.00 | ||||||||||||||||||||
| 40.00 | • | X | 8 | X | O | 4 | X | • | 40.00 | ||||||||||||||||||||
| 39.00 | • | 5 | O | X | O | X | • | 39.00 | |||||||||||||||||||||
| 38.00 | • | X | X | O | X | O | X | • | 38.00 | ||||||||||||||||||||
| 37.00 | O | X | • | X | O | X | O | X | O | X | X | • | 37.00 | ||||||||||||||||
| 36.00 | O | 2 | O | • | 3 | O | X | O | O | X | O | X | • | 36.00 | |||||||||||||||
| 35.00 | C | 1 | O | 1 | 4 | O | X | O | X | • | 35.00 | ||||||||||||||||||
| 34.00 | O | X | O | X | O | • | O | • | 34.00 | ||||||||||||||||||||
| 33.00 | O | X | 3 | X | • | • | • | 33.00 | |||||||||||||||||||||
| 32.00 | O | O | X | X | • | 32.00 | |||||||||||||||||||||||
| 31.00 | O | X | O | C | • | 31.00 | |||||||||||||||||||||||
| 30.00 | O | 4 | 7 | O | X | • | 30.00 | ||||||||||||||||||||||
| 29.00 | O | X | O | X | 8 | X | • | 29.00 | |||||||||||||||||||||
| 28.00 | O | X | O | X | 9 | B | • | 28.00 | |||||||||||||||||||||
| 27.00 | O | 5 | A | X | • | 27.00 | |||||||||||||||||||||||
| 26.00 | O | X | • | 26.00 | |||||||||||||||||||||||||
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