Today's featured stock is Carpenter Technology Corporation (CRS).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| WBS | Webster Financial Corporation | Banks | $69.79 | 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 |
| CGON | CG Oncology, Inc. | Biomedics/Genetics | $67.48 | hi 50s - low 60s | 80 | 50 | 5 for 5'er, 18 of 162 in BIOM sector matrix, bullish catapult, good R-R |
| BRX | Brixmor Property Group Inc | Real Estate | $28.90 | hi 20s - lo 30s | 38 | 24 | 4 for 5'er, top third of REAL sector matrix, LT pos peer & mkt RS, LT pos trend, bullish triangle, 4% yield, Earn. 4/27 |
| CNX | CNX Resources Corp | Oil | $38.71 | hi 30s - mid 40s | 71 | 33 | 5 TA rating, top 50% of OIL sector matrix, LT RS buy and pos trend, consec buy signals, Earn. 4/23 |
| FFIV | F5 Inc. | Internet | $303.35 | 280s - 290s | 344 | 256 | 4 for 5'er, top third of INET sector matrix, LT pos peer RS, spread quad top, Earn. 4/27 |
| INVA | Innoviva, Inc | Drugs | $22.99 | lo-mid 20s | 32.50 | 18.50 | 5 TA rating, top half of drugs sector RS matrix, LT pos trend, LT RS buy, buy-on-pullback |
| ARCB | ArcBest Corp. | Transports/Non Air | $100.51 | low-to-mid 90s | 113 | 79 | 4 for 5'er, one box from market RS buy, top half of favored TRAN sector matrix, good R-R, Earn. 4/28 |
| GSK | GlaxoSmithKline Plc. (United Kingdom) ADR | Drugs | $56.69 | hi 40s - mid 50s | 67 | 42 | 5 TA rating, top 25% of DRUG sector matrix, LT pos trend, yield > 3%, buy-on-pullback, Earn. 4/29 |
| ADI | Analog Devices, Inc. | Semiconductors | $318.34 | 310s - 330s | 380 | 268 | 4 for 5'er, top half of favored SEMI sector matrix, LT pos market RS, return to buy signal |
| CSCO | Cisco Systems, Inc. | Computers | $79.02 | Upper 70s to lower 80s | 96 | 70 | 5 for 5'er; top quintile of Computers matrix; Pos. Trend since Sept. '24; Bull Triangle on 3/25. |
| CAT | Caterpillar, Inc. | Machinery and Tools | $717.22 | 680s - 720s | 848 | 592 | 5 for 5'er, top 10% in favored MACH sector matrix, LT pos peer & mkt RS, buy on pullback, Earn. 4/30 |
| DBD | Diebold Nixdorf Inc | Finance | $77.32 | low-to-mid 70s | 99 | 63 | 5 for 5'er, #3 of 77 in FINA sector matrix, LT pos peer RS, bearish signal reversal, R-R>2.0 |
| NI | Nisource, Inc. | Gas Utilities | $47.49 | mid-hi 40s | 78 | 38 | 5 TA rating, LT pos trend, LT mkt RS buy, consec buy signals |
| GLW | Corning Incorporated | Electronics | $147.92 | hi 130s - 140s | 196 | 120 | 5 for 5'er, #2 of 66 in ELEC sector matrix, quad top breakout, R-R>2.5, Earn. 4/28 |
| FHI | Federated Hermes Inc | Wall Street | $57.81 | 54-hi 50s | 91 | 46 | 5 TA rating, top 25% of WALL sector RS matrix, LT pos trend and mkt RS buy, consec buy signals, good R-R, Earn. 4/23 |
| CRS | Carpenter Technology Corporation | Steel/Iron | $391.51 | hi 370s - low 400s | 500 | 320 | 5 for 5'er, top third of STEE sector matrix, LT pos peer & mkt RS, spread quintuple top, buy on pullback, Earn. 4/29 |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| CPRT | Copart Incorporated | Autos and Parts | $33.40 | 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
CRS Carpenter Technology Corporation R ($392.67) - Steel/Iron - CRS is a 5 for 5'er that ranks in the top third of the steel/iron sector matrix and has been on market and peer RS buy signals since 2022 and 2023, respectively. In last week's trading, CRS gave a second consecutive buy signal when it broke a spread quintuple top at $416. 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 high $370s to low $400s and we will set our initial stop at $320. We will use the bullish price objective, $500, as our target price.
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