Comments include: LW, MRK, NKE, PLTR, SCHW, SPHR, & WDC.
| LW Lamb Weston Holdings Inc ($44.01) - Food Beverages/Soap - Shares of LW tanked on earnings on Friday, falling around 25% on the day for its second consecutive sell signal. Today's move also saw the stock flip its trend back to negative, in addition to it likely losing near-term strength versus the market and its peers. Those holding LW should look to sell eventually given its now unacceptable TA score, but with the stock in heavily oversold territory, it might be best to wait for some reversal or consolidation first. |
| MRK Merck & Co., Inc. ($101.95) - Drugs - MRK completed a double top break at $102, marking its third consecutive buy signal. The 3 for 5'er moved up from a 2 last month after reversing back into Xs against the market. Additionally, the stock ranks in the top half of the drugs sector matrix and offers a yield of 3.4%. The stock has shown much improvement in recent months, but is still rated a hold. Continue to monitor for further technical improvement. Initial strong support is at $97, with additional support at $94. Resistance can be seen at $104. |
| NKE NIKE, Inc. ($59.02) - Textiles/Apparel - NKE broke a double bottom at $62 to return to a sell signal as shares fell to $59, violating notable support in the lower $60s and bring the stock to its lowest level since May. The stock has fallen down to a 0 for 5'er. Support now lies at $55, while the April 2025 lows reside at $53. Avoid for now. |
| PLTR Palantir Technologies Inc. Class A ($193.15) - Software - PLTR rose Friday to break a double top at $190 before reaching $192 intraday. This 4 for 5'er moved to a positive trend in April and sits in the top quintile of the software sector RS matrix. The weight of the technical evidence remains favorable and is improving again. Support can be seen at $178. |
| SCHW The Charles Schwab Corporation ($99.29) - Wall Street - SCHW shares moved higher today to break a double to pat $99 to mark its first buy signal. This 5 for 5'er has been in a positive trend since April and on an RS buy signal versus the market since May. SCHW shares are trading in actionable territory with a weekly overbought/oversold reading of 32%. From here, support is offered at $90. |
| SPHR Sphere Entertainment Co. ($91.91) - Leisure - SPHR broke a double top at $94 for an eleventh consecutive buy signal and to mark a new all-time high. The stock has been a 5 for 5'er since early September 2025 and currently ranks 1st (out of 58) within the Leisure sector matrix. The breakout puts the stock in overbought territory, so those seeking expsoure would look for a pullback to the upper $80s before considering. Initial support lies at $86, while additional can be found at $81 and $74. |
| WDC Western Digital Corporation ($183.12) - Computers - WDC rose Friday to break a double top at $182. This stock has a 5 for 5 TA rating and sits at the top of the computers sector RS matrix. The weight of the technical evidence is favorable and improving. Initial support can be seen at $166 with further support seen at $152. |
