Today's featured stock is Popular, Inc. (BPOP).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| COST | Costco Wholesale Corporation | Retailing | $1011.15 | 944-1050s | 1296 | 832 | 4 TA rating, top 33% of retail sector matrix, LT mkt RS buy, LT pos trend, consec buy signals |
| SPG | Simon Property Group, Inc. | Real Estate | $201.16 | 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 | $562.64 | 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 | $57.17 | 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 | $201.06 | 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 | $157.03 | 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 | $387.98 | mid 370s - lo 410s | 464 | 340 | 4 TA rating, top 20% of AERO sector RS matrix, LT RS buy, pos trend |
| IBKR | Interactive Brokers Group, Inc. | Wall Street | $76.62 | 70s | 100 | 73 | 5 for 5'er, top 20% of WALL sector matrix, LT pos peer & mkt RS, buy on pullback |
| BPOP | Popular, Inc. | Banks | $146.87 | hi 130s - low 150s | 200 | 120 | 5 for 5'er, 18 of 174 in favored BANK sector matrix, LT pos peer & mkt RS, triple top, good R-R, 2% yield |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| CPRT | Copart Incorporated | Autos and Parts | $33.07 | hi 30s | 28 | 42 | 1 TA rating, bottom 50% of AUTO sector matrix, NT and mkt RS sell last month, consec sell signals,Earn. 5/21 |
| DT | Dynatrace, Inc. | Software | $35.29 | 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 |
|---|---|---|---|---|---|---|---|
| BURL | Burlington Stores, Inc. | Retailing | $331.77 | mid 320s to 340s | 400 | 284 | BURL has fallen to a sell signal. OK to hold here. Maintain $284 stop. |
| AMG | Affiliated Managers Group | Wall Street | $287.44 | 270s - 280s | 356 | 232 | Removed for earnings. Raise stop to $240. Earn. 5/1 |
Follow-Up Comments
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NDW Spotlight Stock
BPOP Popular, Inc. R ($149.55) - Banks - BPOP is a 5 for 5'er that ranks 18th of 174 names in the favored banks sector matrix and has been on market and peer RS buy signals since 2012 and 2018, respectively. On its default chart, BPOP returned to a buy signal in last week's trading when it broke a triple top at $150. Long exposure may be added in the upper $130s to low $150s and we will set our initial stop at $120, which would take out two levels of support on BPOP's chart. We will use the bullish price objective, $200, as our target price, giving us a reward-to-risk ratio north of 1.5. BPOP also carries a 2% yield.
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| 150.00 | X | 150.00 | |||||||||||||||||||||||||||
| 148.00 | X | X | X | 148.00 | |||||||||||||||||||||||||
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