Today's featured stock is Affiliated Managers Group (AMG).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| DCI | Donaldson Co Inc | Waste Management | $84.87 | 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 | $116.27 | 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 | $58.83 | 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 | $240.63 | 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 | $38.25 | 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 | $51.48 | 49 - 54 | 67 | 44 | 4 for 5'er, top 25% of favored BANK sector matrix, LT pos peer RS, bullish catapult, 2.1% yield |
| SHEL | Shell PLC Sponsored ADR | Oil | $75.40 | 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 | $74.65 | 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 | $279.13 | 260s - 270s | 312 | 224 | 4 for 5'er, middle of WALL sector matrix, triple top breakout, 1.8% yield |
| AFL | AFLAC Incorporated | Insurance | $112.27 | 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 | $39.31 | 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 | $42.73 | hi 30s - mid 40s | 60 | 34 | 5 TA rating, top 50% of OILS sector matrix, LT RS buy and pos trend, consec buy signals |
| GVA | Granite Construction Inc | Building | $101.46 | hi 90s - mid 100s | 157 | 87 | 5 for 5'er, top third of BUIL sector matrix, buy on pullback, R-R>3.0 |
| GLDD | Great Lakes Dredge & Dock Corporation | Building | $12.03 | 11.50 - 12.50 | 17 | 10 | 5 for 5'er, top third of BUIL sector matrix, LT pos peer & mkt RS, spread quad top, R-R>2.0 |
| AMG | Affiliated Managers Group | Wall Street | $251.23 | hi 230s - lo 260s | 298 | 198 | 5 TA rating, top of WALL sector matrix, consec buy signals, pos wkly mom, buy-on-pullback |
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
AMG Affiliated Managers Group ($251.51) R - Wall Street - AMG has a 5 for 5 TA rating and sits at the top of the Wall Street sector RS matrix. The stock advanced to a new all-time high last week after rattling off three consecutive buy signals since June. Weekly momentum also recently flipped positive, suggesting the potential for further upside from here. The recent movement saw AMG retract from the top of its trading band to a more actionable range. Exposure may be considered on this pullback in the upper $230s to the low $260s. Our initial stop will be positioned at $198, which would violate multiple support levels. The bullish price objective of $298 will serve as our price objective.
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