Today's featured stock is Delta Air Lines Inc (DAL).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| JPM | J.P. Morgan Chase & Co. | Banks | $302.64 | 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 |
| EWBC | East West Bancorp, Inc. | Banks | $117.24 | 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 |
| ULTA | Ulta Beauty, Inc. | Retailing | $667.18 | 632 - hi 600s | 840 | 568 | 4 TA rating, top 10% of RETA sector matrix, LT RS buy, consec buy signals |
| APTV | Aptiv PLC | Autos and Parts | $83.00 | hi 70s - low 80s | 100 | 69 | 5 for 5'er, top half of AUTO sector matrix, successful trend line test |
| GS | Goldman Sachs Group, Inc. | Wall Street | $904.55 | mid-800s - mid-900s | 1416 | 736 | 5 TA rating, top 10% of WALL sector matrix, LT RS buy, LT pos trend, buy-on-pullback |
| PHM | PulteGroup, Inc. | Building | $138.89 | hi 120s - mid 130s | 168 | 110 | 4 for 5'er, top half of BUIL sector matrix, LT pos peer & mkt RS, bullish catapult |
| ATO | Atmos Energy Corp | Gas Utilities | $177.77 | 170s | 202 | 148 | 4 for 5'er. top 20% of GUTI sector matrix, LT pos peer RS, 3.3% yield |
| CBOE | CBOE Global Markets Inc. | Wall Street | $270.60 | lo 260s - mid 280s | 332 | 228 | 5 TA rating, top 25% of WALL sector matrix, LT RS buy, LT pos trend, buy-on-pullback |
| DAL | Delta Air Lines Inc. | Aerospace Airline | $69.50 | mid-to-hi 60s | 99 | 55 | 4 for 5'er, top half of AERO sector matrix, LT pos mkt RS, triple top, buy on pullback |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
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Removed Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| META | Meta Platform Inc. | Internet | $649.81 | 650s - 690s | 1040 | 552 | META has fallen to a sell signal. OK to hold here. Maintain $552 stop. |
Follow-Up Comments
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NDW Spotlight Stock
DAL Delta Air Lines Inc. R ($69.35) - Aerospace Airline - DAL is a 4 for 5'er that ranks in the top half of the favored aerospace/airline sector matrix and has been in a market RS buy signal since 2023. After giving three consecutive sell signals, DAL rallied and returned to a buy signal with a triple top break at $72 in last week's trading and continued higher, notching a new all-time high at $76. DAL 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 mid-to-upper $60s and we will set our initial stop at $55, a potential spread quadruple bottom break on DAL's default chart. We will use the bullish price objective, $99, as our target price. giving us a reward-to-risk ratio north of 2.0. DAL also carries a 1% yield.
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| 76.00 | X | 76.00 | |||||||||||||||||||||||||||
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| 69.00 | X | O | O | X | O | X | O | X | O | Mid | 69.00 | ||||||||||||||||||
| 68.00 | X | O | O | X | O | 2 | O | 68.00 | |||||||||||||||||||||
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