Today's featured stock is Somnigroup International Inc (SGI).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| DCI | Donaldson Co Inc | Waste Management | $85.14 | 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 | $116.80 | 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 | $57.86 | 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 | $242.61 | 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 | $38.03 | 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 | $51.64 | 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 | $75.31 | 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 | $74.40 | 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 | $279.28 | 260s - 270s | 312 | 224 | 4 for 5'er, middle of WALL sector matrix, triple top breakout, 1.8% yield |
| AFL | AFLAC Incorporated | Insurance | $111.76 | 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 | $39.89 | 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 | $43.77 | 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 | $102.95 | 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 | $11.98 | 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 | $250.46 | hi 230s - lo 260s | 298 | 198 | 5 TA rating, top of WALL sector matrix, consec buy signals, pos wkly mom, buy-on-pullback |
| SGI | Somnigroup International Inc | Household Goods | $83.88 | 80s | 125 | 69 | 5 for 5'er, top 10% of HOUS sector matrix, LT pos peer & mkt RS, buy on pullback, good R-R |
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
SGI Somnigroup International Inc R ($85.07) - Household Goods - SGI is a 5 for 5'er that ranks second out of 25 names in the household goods sector matrix and has been on peer and market RS buy signals since 2020. After briefly falling to a sell signal, SGI rallied, returning to a buy signal with a double top break at $88 and continued higher, notching a new all-time high at $94. SGI has subsequently pulled back to below the middle of its trading band, offering an entry point for long exposure. Positions may be added in the $80s and we will set our initial stop at $69, which would take out multiple levels of support on SGI's chart and violate its bullish support line. We will use the bullish price objective, $125, as our target price, giving us a reward-to-risk ratio approaching 2.0.
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