Today's featured stock is nVent Electric plc (NVT).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| AME | Ametek Inc | Electronics | $253.72 | mid 230s - mid 250s | 342 | 204 | 4 for 5'er, LT pos mkt RS, bullish catapult, buy on pullback, R-R>2.0, Earn. 10/29 |
| CENTA | Central Garden & Pet Company | Household Goods | $34.59 | mid-to-hi 30s | 48 | 31 | 4 for 5'er, favored HOUS sector, LT pos peer RS, spread quad top, buy on pullback |
| CLH | Clean Harbors Inc | Waste Management | $318.06 | 310s - 320s | 356 | 288 | 5 for 5'er, #3 of 22 in WAST sector matrix, LT pos peer & mkt RS |
| ASC | Ardmore Shipping Corporation | Transports/Non Air | $18.82 | 17 - 19 | 24 | 15.50 | 5 for 5'er, top 20% of favored TRAN sector matrix, triple top, good R-R, 7.5% yield |
| MTCH | Match Group, Inc. | Leisure | $40.62 | low-to-mid 40s | 55 | 36 | 4 for 5'er, top 20% of LEIS sector matrix, one box from RS buy, triple top, 1.8% yield, Earn. 11/3 |
| FTNT | Fortinet Inc. | Software | $191.27 | hi 160s - hi 170s | 226 | 142 | 5 for 5'er, top third of favored SOFT sector matrix, LT pos mkt RS, spread quad top, Earn. 10/28 |
| CSTL | Castle Biosciences, Inc. | Biomedics/Genetics | $33.40 | 32 - 35 | 63.50 | 28 | 4 for 5'er, top 10% of favored BIOM sector matrix, multiple buy signals, pos trend flip, R-R~4.0, Earn. 11/2 |
| ANET | Arista Networks Inc | Telephone | $215.36 | 190s - mid 210s | 262 | 178 | 5 for 5'er, top quintile of Telephone matrix, pos. trend, matched ATH on 9/25. |
| ABBV | AbbVie Inc. | Drugs | $266.69 | 250s - 260s | 302 | 216 | 5 for 5'er, top third of favored DRUG sector matrix, LT pos peer & mkt RS, triple top, 2.6% yield, Earn. 10/30 |
| ACT | Enact Holdings Inc | Finance | $46.34 | low-to-mid 40s | 69 | 37 | 5 for 5'er, top 25% of FINA sector matrix, LT pos trend & mkt RS, triple top, heavily oversold |
| LPG | Dorian LPG Limited | Oil Service | $56.45 | 53 - 59 | 69 | 47 | 5 for 5'er since July, top quintile of Oil Svcs. matrix, pos. trend, consolidating below high at $59. |
| TNK | Teekay Tankers, Ltd. | Transports/Non Air | $101.24 | hi 90s - low 100s | 133 | 83 | 5 for 5'er, top 10% of TRAN sector matrix, multiple buy signals, 1% yield. |
| ELF | Elf Beauty Inc | Household Goods | $102.79 | 98 - 110 | 123 | 90 | 5 for 5'er since Aug., ranked 1st in Hous. Goods matrix, pos. trend, Earn. 11/4 |
| NVT | nVent Electric plc | Electronics | $173.80 | 160s | 206 | 142 | 5 for 5'er, top 10% of ELEC sector matrix, LT pos peer & mkt RS, buy on pullback, Earn. 10/30 |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| ADBE | Adobe Systems Incorporated | Software | $238.12 | (230s - 240s) | 192 | 268 | 2 for 5'er, bottom 25% of SOFT sector matrix, LT neg mkt & peer RS, spread triple bottom |
Removed Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| GH | Guardant Health, Inc. | Biomedics/Genetics | $170.69 | low 170s to mid 180s | 236 | 140 | GH has fallen to a sell signal. OK to hold here. Raise stop to $152. Earn. 10/28 |
Follow-Up Comments
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NDW Spotlight Stock
NVT nVent Electric plc R ($166.53) - Electronics - NVT is a 5 for 5'er that ranks in the top decile of the electronics sector matrix and has been on market and peer RS buy signals since 2021 and 2023, respectively. On its default chart, NVT has completed three consecutive buy signals most recently breaking a double top last week. The stock has subsequently pulled back to prior resistance near the middle of its trading band, offering an entry point for long exposure. Positions may be added in the $160s and we will set our initial stop at $142, a potential spread triple bottom break on NVT's chart. We will use the bullish price objective, $206, as our target price. NVT is expected to report earnings on 10/30.
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