Today's feature stock is Fifth Third Bancorp (FITB).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| CM | Canadian Imperial Bank of Commerce | Banks | $116.23 | 100s | 165 | 90 | 5 for 5'er, top 10% of favored BANK sector matrix, LT pos peer RS, bearish signal reversal, R-R>3.0, 2.9% yield, Earn. 8/27 |
| BAP | Credicorp Limited (Peru) | Banks | $383.93 | 380s - 390s | 460 | 332 | 5 for 5'er, top 20% of favored BANK sector matrix, LT pos peer & mkt RS, triple top, 3.75% yield, Earn. 8/13 |
| HEI | Heico Corporation | Aerospace Airline | $355.23 | 330s - 350s | 480 | 284 | 4 for 5'er, top third of AERO sector matrix, LT pos mkt RS, bullish triangle, buy on pullback, good R-R, Earn. 8/25 |
| DLTR | Dollar Tree, Inc. | Retailing | $128.95 | hi 110s - 120s | 186 | 104 | 4 for 5'er, top half RETA sector matrix, spread quad top, buy on pullback R-R>2.5 |
| VSXY | Victoria's Secret & Company | Retailing | $89.13 | 81 - 87 | 109 | 71 | 5 for 5'er, 3rd in Retailing matrix, pos. trend, 2nd buy on 7/20, ATH on 7/21, Earn. 8/26 |
| ZION | Zions Bancorporation | Banks | $68.89 | mid-to-hi 60s | 87 | 55 | 4 for 5'er, top half of favored BANK sector matrix, new RS buy signal, buy on pullback, R-R~2.0, 2.5% yield |
| PM | Philip Morris International Inc. | Food Beverages/Soap | $198.44 | hi 180s - lo 200s | 232 | 160 | 5 TA rating, top 20% of FOOD sector matrix, LT RS buy, yield > 3%, buy-on-pullback |
| FR | First Industrial Realty Trust | Real Estate | $65.33 | mid-to-hi 60s | 86 | 59 | 4 for 5'er, top 25% of REAL sector matrix, LT pos peer RS, spread sextuple top, R-R>2.0, 2.9% yield |
| CB | Chubb Ltd | Insurance | $361.90 | mid 340s - mid 360s | 456 | 308 | 4 for 5'er, pos. trend since 2023, LT Mkt RS buy since May '24, Reward to Risk > 4. |
| BFH | Bread Financial Holdings Inc. | Business Products | $106.99 | 100 - 110 | 129 | 89 | 5 for 5'er, top 20% of favored BUSI sector matrix, LT pos peer & mkt RS |
| FITB | Fifth Third Bancorp | Banks | $56.57 | mid to upper 50s | 84 | 46 | 4 for 5'er since March '24, pos. LT Peer RS since March '09, LT pos. trend since Dec. '23. |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
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Follow-Up Comments
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NDW Spotlight Stock
FITB Fifth Third Bancorp R ($56.79) - Banks - FITB has been a 4 for 5’er since March 2024 and currently ranks within the top half of the Banks sector matrix. Along with positive near-term market and peer relative strength, FITB has maintained a long-term RS buy signal against its peers within the banks sector since March 2009. On the trend chart, FTIB has traded within a positive trend since December 2023, and the stock returned to a buy signal in June of this year before the stock rallied to $59 in early-July, the highest chart level since early 2004. The stock has consolidated within the mid to upper $50s since that time and now resides within actionable territory. The bullish price objective of $84 will serve as the price target, while the stop loss point will be set for $46. FITB maintains a current yield of 2.7%.
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