Today's featured stock is East West Bancorp, Inc. (EWBC).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
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| LAMR | Lamar Advertising Company | Media | $128.31 | 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, Earn 2/20 |
| BCO | The Brink's Company | Protection Safety Equipment | $127.04 | mid 110s - low 120s | 152 | 104 | 5 for 5'er, top half of PROT sector matrix, LT pos peer & mkt RS, spread triple top, R-R>2.0, Earn. 2/25 |
| IMAX | Imax Corporation | Media | $34.91 | 33 - hi 30s | 53 | 26 | 5 TA rating, top 20% of Media sector matrix, LT pos trend, consec buy signals, buy-on-pullback, Earn. 2/18 |
| FIX | Comfort Systems U.S.A. | Building | $1142.10 | 960 - mid 1100s | 1376 | 864 | 5 TA rating, top 10% of BUIL sector matrix, LT mkt RS buy, consec buy signals, Earn. 2/19 |
| WFC | Wells Fargo & Company | Banks | $90.49 | mid 80s - low 90s | 128 | 76 | 5 for 5'er, top 25% of BANK sector matrix, LT pos peer & mkt RS, buy on pullback, R-R~3.0 |
| JPM | J.P. Morgan Chase & Co. | Banks | $305.89 | lo 300s - mid 320s | 380 | 256 | 5 TA rating, top 25% of favored BANK sector matrix, LT RS buy, LT pos trend, buy-on-pullback |
| ETR | Entergy Corporation | Utilities/Electricity | $95.89 | low-to-mid 90s | 107 | 86 | 5 for 5'er, top 20% of EUTI sector matrix, 2.7% yield Earn. 2/12 |
| BWA | BorgWarner Inc. | Autos and Parts | $47.41 | mid-to-hi 40s | 83 | 40 | 4 for 5'er, top 20% of AUTO sector matrix, multiple buy signals, R-R>4.0, 1.4% yield, Earn. 2/11 |
| JLL | Jones Lang LaSalle Incorporated | Real Estate | $357.91 | 340s - 350s | 416 | 308 | 5 for 5'er, #2 of 121 in REAL sector matrix, LT pos peer & mkt RS, triple top, Earn. 2/18 |
| HWC | Hancock Whitney Corp | Banks | $68.80 | 64 - lo 70s | 90 | 54 | 5 TA rating, top half of BANK sector matrix, LT RS buy, consec buy signals, buy-on-pullback |
| STLD | Steel Dynamics Inc. | Steel/Iron | $179.57 | 170s - low 180s | 218 | 148 | 5 for 5'er, top half of favored STEE sector matrix, LT pos peer RS, buy on pullback |
| WMT | Walmart Inc. | Retailing | $119.14 | 110-lo 120s | 151 | 98 | 4 TA rating, top 33% of RETA sector matrix, LT mkt and peer RS buy, consec buy signals, Earn. 2/19 |
| ENVA | Enova International Inc | Finance | $165.17 | hi 150s - 160s | 190 | 142 | 5 for 5'er, 2 of 78 in FINA sector matrix, LT pos peer & mkt RS |
| EWBC | East West Bancorp, Inc. | Banks | $114.36 | mid 100s - mid 110s | 157 | 92 | 4 for 5'er, top third of favored BANK sector matrix, LT pos peer RS, one box from mkt RS buy, spread quad top |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
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NDW Spotlight Stock
EWBC East West Bancorp, Inc. R ($114.80) - Banks - EWBC is a 4 for 5'er that ranks in the top third of the favored banks sector matrix and has been on a peer RS buy signal since 2021; EWBC also sits one box away from giving a market RS buy signal which would promote it to a 5 for 5'er. On its default chart, EWBC gave a second consecutive buy signal when it broke a spread quadruple top at $112, taking out resistance that had been in place since July. The stock continued higher, reaching a new all-time high at $118 has before subsequently pulling back to prior resistance near the middle of its trading band, offering an entry point for long exposure. Positions may be added in the mid $100s to mid $110s and we will set our initial stop at $92, which would take out two levels of support on EWBC's chart. Using a modified vertical price objective based on the spread quadruple top breakout, we will set our target price at $157. EWBC also carries a 2.8% yield.
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