Today's featured stock is Cloudflare Inc Class A (NET).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| AYI | Acuity Inc. | Building | $361.22 | 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 | $58.82 | 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 | $265.42 | 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. 12/3 |
| IBKR | Interactive Brokers Group, Inc. | Wall Street | $70.69 | 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 | $84.57 | 80 - 84 | 92 | 67 | 3/5'er; top 3rd of sector matrix; ATHs 10/21; R-R > 2, Earn. 12/2 |
| SF | Stifel Financial Corp | Wall Street | $119.43 | 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 | $56.52 | 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 | $142.05 | 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 | $256.47 | 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 | $61.81 | 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 | $37.87 | 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 | $53.54 | 49 - 54 | 67 | 44 | 4 for 5'er, top 25% of favored BANK sector matrix, LT pos peer RS, bullish catapult, 2.1% yield |
| ITT | ITT Corporation | Machinery and Tools | $185.82 | hi 170s - mid 190s | 250 | 162 | 5 TA rating, top 33% of MACH sector matrix, LT pos mkt and peer RS, buy-on-pullback |
| NET | Cloudflare Inc Class A | Internet | $232.91 | 220s - 230s | 376 | 198 | 5 for 5'er, #2 of 30 in INET sector matrix, LT pos RS, quad top, buy on pullback, R-R>4.0 |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
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Follow-Up Comments
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NDW Spotlight Stock
NET Cloudflare Inc Class A R ($231.44) - Internet - NET is a 5 for 5'er that ranks second out of 30 names in the favored internet sector matrix and has been on peer and market RS buy signals since February 2023. After briefly falling to a sell signal, NET rallied, returning to a buy signal last week when it broke a quadruple top at $228 and continued higher, reaching a new all-time high at $260. The stock has subsequently pulled back to prior resistance, offering an entry point for long exposure. Positions may be added in the $220s to $230s and we will set our initial stop at $198, which would take out two levels of support on NET's default chart. We will use the bullish price objective, $376, as our target price.
| 260.00 | X | 260.00 | |||||||||||||||||||||||||||
| 256.00 | B | O | 256.00 | ||||||||||||||||||||||||||
| 252.00 | X | O | 252.00 | ||||||||||||||||||||||||||
| 248.00 | X | O | 248.00 | ||||||||||||||||||||||||||
| 244.00 | X | O | 244.00 | ||||||||||||||||||||||||||
| 240.00 | X | O | 240.00 | ||||||||||||||||||||||||||
| 236.00 | X | O | 236.00 | ||||||||||||||||||||||||||
| 232.00 | X | O | 232.00 | ||||||||||||||||||||||||||
| 228.00 | X | X | X | 228.00 | |||||||||||||||||||||||||
| 224.00 | X | O | X | O | A | X | X | X | 224.00 | ||||||||||||||||||||
| 220.00 | X | O | X | O | X | O | X | O | X | O | X | 220.00 | |||||||||||||||||
| 216.00 | X | X | O | X | O | X | O | X | O | X | O | X | Mid | 216.00 | |||||||||||||||
| 212.00 | X | O | X | X | O | O | O | O | O | X | 212.00 | ||||||||||||||||||
| 208.00 | X | X | O | X | O | X | O | X | 208.00 | ||||||||||||||||||||
| 204.00 | X | O | X | O | X | O | X | O | 204.00 | ||||||||||||||||||||
| 200.00 | X | X | O | X | O | X | X | 9 | 200.00 | ||||||||||||||||||||
| 198.00 | X | O | X | 8 | X | O | X | O | X | 198.00 | |||||||||||||||||||
| 196.00 | X | O | X | O | X | O | X | O | X | 196.00 | |||||||||||||||||||
| 194.00 | X | X | X | O | X | O | O | O | X | 194.00 | |||||||||||||||||||
| 192.00 | X | O | X | O | X | O | X | O | X | 192.00 | |||||||||||||||||||
| 190.00 | X | O | X | O | X | O | X | O | X | 190.00 | |||||||||||||||||||
| 188.00 | X | O | O | X | O | O | X | 188.00 | |||||||||||||||||||||
| 186.00 | X | O | X | O | 186.00 | ||||||||||||||||||||||||
| 184.00 | X | O | X | 184.00 | |||||||||||||||||||||||||
| 182.00 | O | X | 182.00 | ||||||||||||||||||||||||||
| 180.00 | O | 180.00 |
