Today’s featured stock is TechnipFMC PLC (FTI).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| SNOW | Snowflake, Inc. Class A | Software | $269.82 | 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 |
| DCI | Donaldson Co Inc | Waste Management | $88.21 | 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 | $125.02 | 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 | $61.35 | 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 |
| AIT | Applied Industrial Technologies, Inc. | Machinery and Tools | $256.26 | 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 | $39.60 | 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 | $54.11 | 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 | $189.77 | hi 170s - mid 190s | 250 | 162 | 5 TA rating, top 33% of MACH sector matrix, LT pos mkt and peer RS, buy-on-pullback |
| SHEL | Shell PLC Sponsored ADR | Oil | $76.41 | 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 | $77.71 | 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 |
| CME | CME Group, Inc. | Wall Street | $279.58 | 260s - 270s | 312 | 224 | 4 for 5'er, middle of WALL sector matrix, triple top breakout, 1.8% yield |
| AFL | AFLAC Incorporated | Insurance | $114.61 | 108 - 115 | 143 | 95 | 4 for 5'er, top half of INSU sector matrix, LT pos peer & mkt RS, spread triple top, 2% yield |
| GFI | Gold Fields Limited (South Africa) ADR | Precious Metals | $42.86 | 40 - 44 | 58 | 35 | 4 for 5'er, top third of PREC sector matrix, LT pos peer & mkt RS, good R-R, 1.8% yield |
| FTI | TechnipFMC PLC | Oil Service | $42.91 | hi 30s - mid 40s | 60 | 34 | 5 TA rating, top 50% of OILS sector matrix, LT RS buy and pos trend, consec buy signals |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|
Removed Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| IBKR | Interactive Brokers Group, Inc. | Wall Street | $72.73 | 59 | Moved to a sell signal. Current exposure may maintain $59 stop. | ||
| NET | Cloudflare Inc Class A | Internet | $225.68 | 198 | Moved to a sell signal. Current exposure may maintain $198 stop. |
Follow-Up Comments
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NDW Spotlight Stock
FTI TechnipFMC PLC ($43.10) R - Oil Service - FTI has a 5 for 5 TA rating and sits in the top half of the favored oil service sector RS matrix. We have seen FTI maintain a positive trend and an RS buy signal against the market since 2022, highlighting the long-term technical strength. The stock moved higher at the end of last month to notch a fourth consecutive buy signal and also saw weekly momentum recently flip positive, suggesting the potential for further upside from here. The weight of the technical evidence is favorable and continues to improve. Exposure can be considered in the high $30s to mid-$40s. Our initial stop will be positioned at $34, which would violate multiple support levels. The bullish price objective of $60 will serve as our price target.
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| 32.00 | C | 1 | O | 4 | 6 | 7 | Bot | 32.00 | |||||||||||||||||||||
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