Today's featured stock is FedEx Corporation (FDX)
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| COST | Costco Wholesale Corporation | Retailing | $1003.70 | 944-1050s | 1296 | 832 | 4 TA rating, top 33% of retail sector matrix, LT mkt RS buy, LT pos trend, consec buy signals |
| ATRO | Astronics Corp | Aerospace Airline | $72.67 | hi 60s - mid 70s | 90 | 59 | 5 for 5'er, top 20% of AERO sector matrix, bearish signal reversal to spread triple top, Earn. 5/12 |
| BURL | Burlington Stores, Inc. | Retailing | $337.02 | mid 320s to 340s | 400 | 284 | 5 for 5'er; top quintile of Retail matrix; Multi-Yr High on 4/9; R-R > 4. |
| AMG | Affiliated Managers Group | Wall Street | $301.30 | 270s - 280s | 356 | 232 | 5 for 5'er, top third of WALL sector matrix, LT pos peer RS, spread triple top, Earn. 5/7 |
| SPG | Simon Property Group, Inc. | Real Estate | $201.68 | 190s - low 200s | 246 | 172 | 5 for 5'er, top 20% of REAL sector matrix, LT pos peer & mkt RS, bearish signal reversal, 4.3% yield, Earn. 5/11 |
| DE | Deere & Company | Machinery and Tools | $579.99 | 552 - lo 600s | 752 | 512 | 4 TA rating, top 33% of MACH sector RS matrix, LT peer RS buy, buy-on-pullback |
| ASO | Academy Sports and Outdoors, Inc. | Retailing | $58.23 | hi 50s- low 60s | 73 | 49 | 4 for 5'er, top third of RETA sector matrix, triple top, pos trend flip |
| DRI | Darden Restaurants, Inc. | Restaurants | $199.73 | 190s - low 200s | 226 | 168 | 4 for 5'er, LT pos peer & mkt RS, pos trend flip, triple top, 3% yield |
| TJX | The TJX Companies, Inc. | Retailing | $158.47 | 150s - 160s | 186 | 136 | 5 for 5'er. top third of RETA sector matrix, LR pos peer & mkt RS, triple top, Earn. 5/20 |
| FDX | FedEx Corporation | Aerospace Airline | $385.95 | mid 370s - lo 410s | 464 | 340 | 4 TA rating, top 20% of AERO sector RS matrix, LT RS buy, pos trend |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| CPRT | Copart Incorporated | Autos and Parts | $33.68 | hi 30s | 28 | 42 | 1 TA rating, bottom 50% of AUTO sector matrix, NT and mkt RS sell last month, consec sell signals |
| DT | Dynatrace, Inc. | Software | $36.14 | mid-30s | 23 | 41 | 0 TA rating, bottom half of software sector matrix, LT neg trend, favorable reward-risk, Earn. 5/13 |
Removed Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| ADI | Analog Devices, Inc. | Semiconductors | $381.42 | 300 | Moved into overbought territory. We will raise our stop to $300. |
Follow-Up Comments
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NDW Spotlight Stock
FDX FedEx Corporation ($392.15) R - Aerospace Airline - FDX has a 4 for 5 TA rating and sits in the top quintile of the aerospace airline sector RS matrix. The stock has maintained an RS buy signal against the market since 2023 and been in a positive trend since last August. The recent trading action saw FDX notch a new all-time high after returning to a buy signal last week. Weekly momentum also flipped positive, suggesting the potential for further upside from here. The weight of the technical evidence is favorable and continues to improve. Exposure may be considered in the mid-$370s to low $410s. Our initial stop will be positioned at $340, which would violate multiple support levels. The bullish price objective of $464 will serve as our upside target.
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