Today's featured stock is SharkNinja, Inc (SN).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| AME | Ametek Inc | Electronics | $247.52 | 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 | $35.01 | 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 | $317.34 | 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 | $19.47 | 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 | $41.49 | 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 | $189.10 | 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 | $33.71 | 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 | $210.97 | 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 | $272.42 | 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 | $46.62 | 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 | $58.23 | 53 - 59 | 69 | 47 | 5 for 5'er since July, top quintile of Oil Svcs. matrix, pos. trend, consolidating below high at $59. |
| ELF | Elf Beauty Inc | Household Goods | $105.96 | 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 | $164.20 | 160s | 206 | 142 | 5 for 5'er, top 10% of ELEC sector matrix, LT pos peer & mkt RS, buy on pullback, Earn. 10/30 |
| NVDA | NVIDIA Corporation | Semiconductors | $230.48 | 220 - 240 | 300 | 204 | 4 for 5'er, top third of Semis matrix, pos. ST Mkt and Peer RS, ATH on 10/2. |
| SN | SharkNinja, Inc. | Household Goods | $184.87 | hi 170s - 180s | 222 | 156 | 5 for 5'er, top 10% of HOUS sector matrix, multiple buy signals |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| ADBE | Adobe Systems Incorporated | Software | $241.05 | (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 |
|---|---|---|---|---|---|---|---|
| TNK | Teekay Tankers, Ltd. | Transports/Non Air | $106.62 | hi 90s - low 100s | 133 | 83 | TNK has moved into heavily overbought territory. OK to hold here. Raise stop to $92. Earn 11/4 |
Follow-Up Comments
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NDW Spotlight Stock
SN SharkNinja, Inc. R ($184.26) - Household Goods - SN is a 5 for 5'er that ranks in the top decile of the household goods sector matrix. After giving two sell signals in September, SN rallied, returning toa buy signal with a double top at $174. In this week's trading, the stock completed a second consecutive buy signal when it broke a double top at $186. Long exposure may be added in the high $170s to $180s and we will set our initial stop at $156, which would take out multiple levels of support on SN's default chart. We will use the bullish price objective, $222 as our target price.
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