Today's featured stock is Vita Coco Company, Inc (COCO).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| ABBV | AbbVie Inc. | Drugs | $227.01 | 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 | $38.80 | 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% |
| ZWS | Zurn Elkay Water Solutions Corp. | Machinery and Tools | $47.28 | 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 | $591.71 | 570s - 600s | 672 | 528 | 5 for 5'er, top 25% of COMP sector matrix, LT pos mkt RS, triple top breakout |
| WBS | Webster Financial Corporation | Banks | $69.08 | 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 |
| MCK | McKesson Corporation | Drugs | $928.69 | 396-hi 470s | 1304 | 752 | 5 TA rating, top 33% of DRUG sector matrix, LT RS buy, consec buy signals, buy-on-pullback |
| CGON | CG Oncology, Inc. | Biomedics/Genetics | $62.79 | hi 50s - low 60s | 80 | 50 | 5 for 5'er, 18 of 162 in BIOM sector matrix, bullish catapult, good R-R, Earn. 3/26 |
| AZN | Astrazeneca Group PLC Ads (United Kingdom) ADR | Drugs | $194.99 | mid 180s - upper 190s | 236 | 160 | 4 for 5'er, top 25% of DRUG sector matrix, LT pos peer RS, one box from mkt RS buy, bullish triangle |
| RTX | RTX Corp. | Aerospace Airline | $207.00 | upper 190s to mid 210s | 254 | 166 | 4/5'er; top third of Aero matrix; Peer RS within 1 box of RS buy; ATHs on 3/2. |
| COCO | Vita Coco Company, Inc. | Food Beverages/Soap | $54.91 | mid-to-hi 50s | 72 | 48 | 5 for 5'er, top half of FOOD sector matrix, LT pos peer & mkt RS, pos trend flip |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| CPRT | Copart Incorporated | Autos and Parts | $36.31 | 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
COCO Vita Coco Company, Inc. R ($57.35) - Food Beverages/Soap - COCO is a 5 for 5'er that ranks in the top half of the food beverages/soap sector matrix and has been on peer and market RS buy signals since 2023 and 2024, respectively. After giving two consecutive sell signals COCO returned to a buy signal and positive trend in Tuesday's trading when it broke a double top at $56. Long exposure may be added in the mid-to-upper $50s and we will set our initial stop at $48, which would take out two levels of support on COCO's chart and violate its trend line. We will use the bullish price objective, $72, as our target price.
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