Today's featured stock is Synchrony Financial (SYF).
SYF Synchrony Financial R ($80.47) - Finance - SYF is a 5 for 5'er that ranks in the top decile of the finance sector matrix and has been on peer and market RS buy signals for more than a year. In last week's trading, SYF broke a spread quintuple top at $78, taking out resistance that had been in place since August. Long exposure may be added in the mid $70s to low $80s and we will set our initial stop at $66, which would take out multiple levels of support on SYF's default chart. We will use the bullish price objective, $104, as our target price. For those interested in income, SYF also carries a 1.5% yield and offers a potential covered write opportunity. Long Ideas
Symbol
Company
Sector
Current Price
Action Price
Target
Stop
Notes
AIT
Applied Industrial Technologies, Inc.
Machinery and Tools
$257.25
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
$41.01
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
$53.90
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
$72.70
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
$270.42
260s - 270s
312
224
4 for 5'er, middle of WALL sector matrix, triple top breakout, 1.8% yield
AFL
AFLAC Incorporated
Insurance
$108.06
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
$41.17
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
GVA
Granite Construction Inc
Building
$108.22
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
$13.27
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
$270.21
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
$91.06
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
$161.33
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
$131.49
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
$71.02
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
$119.12
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
ABCB
Ameris Bancorp
Banks
$76.51
70s
92
77
5 for 5'er, top 25% of BANK sector matrix, LT pos peer RS, spread quintuple top, 1.1% yield
CFG
Citizens Financial Group Inc
Banks
$55.76
low-to-mid 50s
65
44
5 for 5'er, top 20% of favored BANK sector matrix, LT pos peer RS, triple top, 3.4% yield
ADSK
Autodesk, Inc.
Software
$301.39
290s - 300s
388
248
5 for 5'er, top third of SOFT sector matrix, LT pos peer RS, bearish signal reversal
ORI
Old Republic International
Insurance
$43.29
lo-mid 40s
76
384
4 TA rating, top 20% of insurance sector RS matrix, consec buy signals, recent RS buy, R-R > 4
C
Citigroup, Inc.
Banks
$108.92
hi 90s - mid 100s
127
87
5 for 5'er, top 10% of favored BANK sector matrix, spread quintuple top, 2.3% yield
BKR
Baker Hughes Company
Oil Service
$47.39
hi 40s-lo 50s
69
41
5 TA rating, top 50% of OILS sector matrix, consec buy signals, LT mkt and peer RS buy, breakout to MYH
DHI
D.R. Horton, Inc.
Building
$152.43
150s - low 160s
222
128
4 for 5'er, top half of BUIL sector matrix, LT pos peer & mkt RS, pos trend flip, R-R~2.0
LAZ
Lazard Inc.
Wall Street
$50.66
hi 40s - low 50s
69
41
5 for 5'er, middle of WALL sector matrix, LT pos peer & mkt RS, triple top, buy on pullback, good R-R
SYF
Synchrony Financial
Finance
$79.78
mid 70s - low 80s
104
66
5 for 5'er, top 10% of FINA sector matrix, LT pos peer & mkt RS, spread quintuple top, 1.5% yield
Short Ideas
Symbol
Company
Sector
Current Price
Action Price
Target
Stop
Notes
Follow-Up Comments
Comment
NDW Spotlight Stock
80.00 X 80.00 79.00 X 79.00 78.00 C 78.00 77.00 X X X X X 77.00 76.00 X O X O X O X O X X 76.00 75.00 X O X O X O X O X X X O X 75.00 74.00 X 9 O O O X O X O X O X 74.00 73.00 X X X O X O X O X O X Mid 73.00 72.00 X O X O X O X O X B O X 72.00 71.00 X X O X O X O X O X O X 71.00 70.00 X O X O X O O X O O 70.00 69.00 X O X 8 X A X 69.00 68.00 7 O O X O 68.00 67.00 X O 67.00 66.00 X 66.00 65.00 • X • 65.00 64.00 • X • 64.00 63.00 • X • 63.00 62.00 • X • Bot 62.00 61.00 X • X • 61.00 60.00 X O 6 • 60.00 59.00 X O X • 59.00 58.00 X O X • 58.00 57.00 X O X • 57.00 56.00 X O • 56.00 55.00 X • 55.00 54.00 O X • 54.00 53.00 O 5 • 53.00 52.00 O X • 52.00 51.00 O X X • 51.00 50.00 O X O X • 50.00 49.00 O X O X • 49.00 48.00 O X O X • 48.00 47.00 O X O X • 47.00 46.00 O X O X • 46.00 45.00 O X O • 45.00 44.00 O X • 44.00 43.00 O X • 43.00 42.00 O X • 42.00 41.00 O • 41.00
