Today's featured stock is Logitech International S.A. (LOGI)
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| CMC | Commercial Metals Corporation | Steel/Iron | $60.22 | 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 | $249.05 | 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 | $36.79 | 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 | $51.93 | 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 | $73.23 | 72 - hi 70s | 87 | 65 | 4 TA rating, top 25% of OIL sector, LT RS buy, consec buy signals, yield > 3% |
| CME | CME Group, Inc. | Wall Street | $275.68 | 260s - 270s | 312 | 224 | 4 for 5'er, middle of WALL sector matrix, triple top breakout, 1.8% yield |
| AFL | AFLAC Incorporated | Insurance | $110.38 | 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 | $40.59 | 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 | $44.56 | 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 | $104.73 | 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 | $12.07 | 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 | $263.23 | 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 | $87.86 | 80s | 125 | 69 | 5 for 5'er, top 10% of HOUS sector matrix, LT pos peer & mkt RS, buy on pullback, good R-R |
| CINF | Cincinnati Financial Corporation | Insurance | $166.62 | mid 150s - hi 160s | 206 | 134 | 4 TA rating, top 33% of INSU sector matrix, LT mkt RS buy, yield > 2%, pos momentum, buy-on-pullback |
| LAMR | Lamar Advertising Company | Media | $132.10 | 120s - low 130s | 158 | 110 | 4 for 5'er, top half of MEDI sector matrix, LT pos peer & mkt RS, spread triple top 4.8% yield |
| HSBC | HSBC Holding PLC (United Kingdom) ADR | Banks | $68.95 | mid-to-hi 60s | 86 | 54 | 5 for 5'er, top 10% of BANK sector matrix, LT pos peer & mkt RS, buy on pullback, 3% yield |
| LOGI | Logitech International S.A. | Computers | $112.11 | mid 100s - hi 110s | 167 | 87 | 5 TA rating, top 25% of COMP sector RS matrix, consec buy signals, R-R > 2, 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
LOGI Logitech International S.A. ($112.19) R - Computers - LOGI has a 5 for 5 TA rating and sits in the top quartile of the computers sector RS matrix. This stock has been in a positive trend since June and moved back to an RS buy signal against the market in September. The recent chart action saw LOGI give two consecutive buy signals and reach a new multi-year high in the $120s before retracting back to the current chart position near the middle of its trading band. The long term technical picture is positive, allowing this consolidation to serve as a buy-on-pullback opportunity. Exposure may be considered in the mid-$100s to high $110s. Our initial stop will be set at $87, which would violate multiple support levels. The bullish price objective of $167 will serve as our price target, offering a reward-to-risk north of 2-to-1.
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