Today's featured stock is Starbucks Corporation (SBUX).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| COST | Costco Wholesale Corporation | Retailing | $1014.53 | 944-1050s | 1296 | 832 | 4 TA rating, top 33% of retail sector matrix, LT mkt RS buy, LT pos trend, consec buy signals, Earn. 5/28 |
| ASO | Academy Sports and Outdoors, Inc. | Retailing | $54.84 | 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 | $200.56 | 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 | $156.75 | 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 | $403.31 | 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 | $79.50 | 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 | $150.33 | 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 |
| HAS | Hasbro, Inc. | Leisure | $95.86 | lo-hi 90s | 122 | 79 | 5 TA rating, top 33% of LEIS sector matrix, LT pos trend, pos wkly mom, Earn. 5/20 |
| SNA | Snap-on Incorporated | Machinery and Tools | $383.40 | 370s - 380s | 444 | 320 | 4 for 5'er, top half of favored MACH sector matrix, LT pos peer & mkt RS, buy on pullback, 2.5% yield |
| GRMN | Garmin Ltd. | Leisure | $251.14 | mid 230s - mid 260s | 364 | 196 | 5 TA rating, LT pos trend and mkt RS buy, top 33% of LEIS sector matrix, buy-on-pullback |
| SBUX | Starbucks Corporation | Restaurants | $105.33 | hi 90s - mid 100s | 1296 | 85 | 4 for 5'er, top 20% of REST sector matrix, mkt RS reversal to Xs, triple top, 2.35% yield |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| CPRT | Copart Incorporated | Autos and Parts | $33.11 | 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 | $36.21 | mid-30s | 23 | 41 | 0 TA rating, bottom half of software sector matrix, LT neg trend, favorable reward-risk, Earn. 5/13 |
Follow-Up Comments
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NDW Spotlight Stock
SBUX Starbucks Corporation R ($105.48) - Restaurants - SBUX is a 4 for 5'er that ranks in the top quintile of the restaurants sector matrix. In this week's trading, the stock gave a second consecutive buy signal when it broke a triple top at $102. This week's action also saw SBUX reverse up into a column of Xs on its market RS chart, demonstrating short-term relative strength against the market. Long exposure may be added in the upper $90s to mid $100s and we will set our initial stop at $85 which would take out two levels of support on SBUX's chart. We will use the bullish price objective, $129, as our target price. SBUX also carries a 2.35% yield.
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| 106.00 | X | 106.00 | |||||||||||||||||||||||||||
| 104.00 | X | • | X | 104.00 | |||||||||||||||||||||||||
| 102.00 | X | O | X | • | X | 102.00 | |||||||||||||||||||||||
| 100.00 | X | O | X | X | O | • | X | X | X | 100.00 | |||||||||||||||||||
| 99.00 | X | O | X | O | X | X | O | • | X | O | X | O | X | 99.00 | |||||||||||||||
| 98.00 | X | O | X | O | X | O | X | O | X | O | X | O | X | 98.00 | |||||||||||||||
| 97.00 | X | O | X | O | X | X | O | X | O | X | O | O | 97.00 | ||||||||||||||||
| 96.00 | X | O | X | O | X | O | X | 3 | X | O | X | X | 96.00 | ||||||||||||||||
| 95.00 | X | O | X | O | X | O | X | O | • | O | X | O | X | Mid | 95.00 | ||||||||||||||
| 94.00 | X | X | O | 2 | O | O | • | • | O | X | O | X | 94.00 | ||||||||||||||||
| 93.00 | X | O | X | O | X | • | O | X | O | X | 93.00 | ||||||||||||||||||
| 92.00 | X | O | X | O | X | • | O | O | X | 92.00 | |||||||||||||||||||
| 91.00 | X | O | O | • | O | 4 | 91.00 | ||||||||||||||||||||||
| 90.00 | X | X | X | • | O | X | • | 90.00 | |||||||||||||||||||||
| 89.00 | X | O | X | O | X | • | O | X | • | 89.00 | |||||||||||||||||||
| 88.00 | • | X | O | X | O | X | • | O | X | • | 88.00 | ||||||||||||||||||
| 87.00 | X | • | X | O | 1 | O | X | • | O | X | • | 87.00 | |||||||||||||||||
| 86.00 | X | O | X | O | X | O | • | O | • | 86.00 | |||||||||||||||||||
| 85.00 | O | X | O | X | O | X | • | • | 85.00 | ||||||||||||||||||||
| 84.00 | O | X | C | X | O | • | 84.00 | ||||||||||||||||||||||
| 83.00 | O | O | X | • | 83.00 | ||||||||||||||||||||||||
| 82.00 | • | O | • | 82.00 | |||||||||||||||||||||||||
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