Today's featured stock is Best Buy Co., Inc. (BBY).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| JOYY | JOYY Inc. | Internet | $59.30 | 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 | $264.72 | 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 | $69.86 | 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 | $85.92 | 80 - 84 | 92 | 67 | 3/5'er; top 3rd of sector matrix; ATHs 10/21; R-R > 2, Earn. 12/4 |
| SF | Stifel Financial Corp | Wall Street | $120.07 | 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 | $57.44 | 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 | $143.77 | 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 | $259.66 | 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 |
| UBS | UBS AG (Switzerland) ADR | Banks | $38.04 | 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 | $53.29 | 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 | $185.55 | 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 | $225.90 | 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 |
| SHEL | Shell PLC Sponsored ADR | Oil | $74.22 | 72 - hi 70s | 87 | 65 | 4 TA rating, top 25% of OIL sector, LT RS buy, consec buy signals, yield > 3% |
| BBY | Best Buy Co., Inc. | Retailing | $78.67 | 70s | 111 | 63 | 3 for 5'er, top third of RETA sector matrix, quad top, buy on pullback, R-R>2.0, 4.7% yield, Earn. 11/25 |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|
Removed Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| AYI | Acuity Inc. | Building | $358.20 | 340s - 350s | 456 | 296 | AYI has fallen to a sell signal. OK to hold here. Raise stop to $320. |
| FLEX | Flex Ltd | Electronics | $63.28 | 61 - hi 60s | 82 | 54 | FLEX has fallen to a sell signal OK to hold here. Maintain $54 stop. |
Follow-Up Comments
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NDW Spotlight Stock
BBY Best Buy Co., Inc. R ($78.82) - Retailing - BBY is a 3 for 5'er that ranks in the top third of the retailing sector matrix. After briefly falling to a sell signal, BBY successfully tested its bullish support line and returned to a buy signal with a quadruple top break at $78 and continued higher to $84. The stock has subsequently pulled back to prior resistance near the middle of its trading band, offering an entry point for long exposure. Positions may be added in the $70s and we will set our initial stop at $63, which would take out two levels of support on BBY's chart. We will use the bullish price objective, $111, as our target price, giving us a reward-to-risk ratio north of 2.0. BBY also carries a 4.7% yield and is expected to report earnings on 11/25.
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