Today's featured stock is Boyd Gaming Corp (BYD).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| EWBC | East West Bancorp, Inc. | Banks | $121.31 | 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 |
| GS | Goldman Sachs Group, Inc. | Wall Street | $922.24 | 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 | $140.02 | hi 120s - mid 130s | 168 | 110 | 4 for 5'er, top half of BUIL sector matrix, LT pos peer & mkt RS, bullish catapult |
| CBOE | CBOE Global Markets Inc. | Wall Street | $288.68 | lo 260s - mid 280s | 332 | 228 | 5 TA rating, top 25% of WALL sector matrix, LT RS buy, LT pos trend, buy-on-pullback |
| JBL | Jabil Circuit, Inc. | Electronics | $271.09 | mid 240s- lo 270s | 352 | 204 | 4 TA rating, top 50% of ELEC sector matrix, LT RS buy, buy-on-pullback |
| ABBV | AbbVie Inc. | Drugs | $224.81 | 210s - low 230s | 284 | 188 | 5 for 5'er, favored DRUG sector, LT pos peer & mkt RS, breakout from consec sell signals, 2.9% yield |
| AB | AllianceBernstein Holding LP | Wall Street | $39.67 | low 40s | 64 | 32 | 4 TA rating, LT mkt RS buy, LT pos trend, top 50% of WALL sector matrix, consec buy signals, buy-on-pullback, yield > 8% |
| SN | SharkNinja, Inc. | Household Goods | $130.64 | 120s - low 130s | 183 | 108 | 4 for 5'er, 3rd of 28 in HOUS sector matrix, multiple buy signals, buy on pullback, R-R>2.0 |
| BYD | Boyd Gaming Corp | Gaming | $86.20 | 82 - 88 | 98 | 72 | 4 for 5'er, top 20% of GAME sector matrix, LT pos peer RS, triple top, pos trend flip, 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 |
|---|---|---|---|---|---|---|---|
| JPM | J.P. Morgan Chase & Co. | Banks | $310.79 | lo 300s - mid 320s | 380 | 256 | JPM has fallen to a sell signal. OK to hold here. OK to hold here. Maintain $256 stop. |
| DAL | Delta Air Lines Inc. | Aerospace Airline | $69.44 | mid-to-hi 60s | 99 | 55 | DAL has fallen to a sell signal. OK to hold here. Maintain $55 stop. |
Follow-Up Comments
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NDW Spotlight Stock
BYD Boyd Gaming Corp R ($83.38) - Gaming - BYD is a 4 for 5'er that ranks in the top quintile of the gaming sector matrix and has been on a peer RS buy signal since 2021. After giving two consecutive sell signals on its default chart. BYD returned to a buy signal and a positive trend last week when it broke a triple top at $87. In Monday's trading the stock pulled back to support at $82, a level from which it has rallied three times this month, offering an entry point for long exposure. Positions may be added in the $82 - $88 range and we will set our initial stop at $72, which would take out multiple levels of support on BYD's chart. We will use the bullish price objective, $98 as our near-term price objective.
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