Today's featured stock is Webster Financial Corporation (WBS).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| ABBV | AbbVie Inc. | Drugs | $233.86 | 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 | $39.12 | low 40s | 64 | 32 | 3 TA rating, LT mkt RS buy, LT pos trend, top 50% of WALL sector matrix, consec buy signals, buy-on-pullback, yield > 8% |
| PKG | Packaging Corp of America | Forest Prods/Paper | $231.42 | hi 200s - mid 230s | 358 | 184 | 4 TA rating, top 20% of FORE sector RS matrix, LT RS buy, buy-on-pullback |
| ZWS | Zurn Elkay Water Solutions Corp. | Machinery and Tools | $50.28 | hi 40s - lo 50s | 95 | 42 | 5 TA rating, LT pos trend, LT mkt RS buy, consec buy signals, buy-on-pullback |
| CACI | CACI International Inc. | Computers | $629.75 | 570s - 600s | 672 | 528 | 5 for 5'er, top 25% of COMP sector matrix, LT pos mkt RS, triple top breakout |
| CAKE | The Cheesecake Factory Incorporated | Restaurants | $63.52 | low-to-mid 60s | 96 | 52 | 5 for 5'er, top 20% of REST sector matrix, LT pos mkt RS, multiple buy signals, R-R>2.5, 1.8% yield |
| WBS | Webster Financial Corporation | Banks | $68.77 | hi 60s - low 70s | 91 | 58 | 4 for 5'er, top 25% of BANK sector matrix, one box from peer RS buy, buy on pullback, 2.2% yield |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| CPRT | Copart Incorporated | Autos and Parts | $38.48 | hi 30s | 28 | 42 | 1 TA rating, bottom 50% of AUTO sector matrix, NT and mkt RS sell last month, consec sell signals |
Follow-Up Comments
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NDW Spotlight Stock
WBS Webster Financial Corporation R ($70.16) - Banks - WBS is a 4 for 5'er that ranks in the top quartile of the favored banks sector matrix and sits one box away from giving a peer RS buy signal, which would promote it to a 5 for 5'er. On its default chart, WBS has completed three consecutive buy signals and reached an all-time high last month. The stock has subsequently pulled back to near the middle of its trading band, offering an entry point for long exposure. Positions may be added in the upper $60s to low $70s and we will set our initial stop at $58, which would violate WBS's bullish support line. We will use the bullish price objective, $91, as our target price, WBS also carries a 2.2% yield.
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| 74.00 | X | 74.00 | |||||||||||||||||||||||||||
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| 67.00 | X | 2 | Mid | 67.00 | |||||||||||||||||||||||||
| 66.00 | 1 | X | O | X | 66.00 | ||||||||||||||||||||||||
| 65.00 | X | O | X | O | X | 65.00 | |||||||||||||||||||||||
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| 63.00 | X | • | • | • | X | O | 63.00 | ||||||||||||||||||||||
| 62.00 | X | X | O | X | • | A | • | X | 62.00 | ||||||||||||||||||||
| 61.00 | X | O | X | O | X | O | X | O | • | C | 61.00 | ||||||||||||||||||
| 60.00 | X | O | X | 9 | X | O | X | O | • | X | 60.00 | ||||||||||||||||||
| 59.00 | X | O | X | O | O | O | X | • | X | • | Bot | 59.00 | |||||||||||||||||
| 58.00 | • | X | O | X | O | X | O | B | • | X | • | 58.00 | |||||||||||||||||
| 57.00 | • | X | 8 | X | O | X | O | X | O | X | • | 57.00 | |||||||||||||||||
| 56.00 | • | 7 | O | O | • | O | X | O | X | • | 56.00 | ||||||||||||||||||
| 55.00 | • | X | X | • | O | X | O | X | • | 55.00 | |||||||||||||||||||
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| 53.00 | X | • | 6 | O | X | • | O | • | • | 53.00 | |||||||||||||||||||
| 52.00 | X | O | X | O | X | • | • | 52.00 | |||||||||||||||||||||
| 51.00 | X | O | X | O | • | 51.00 | |||||||||||||||||||||||
| 50.00 | X | O | • | 50.00 | |||||||||||||||||||||||||
| 49.00 | X | 5 | • | 49.00 | |||||||||||||||||||||||||
| 48.00 | X | O | X | • | 48.00 | ||||||||||||||||||||||||
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| 41.00 | X | • | 41.00 | ||||||||||||||||||||||||||
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