Today's featured stock is Williams-Sonoma, Inc. (WSM).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| CENTA | Central Garden & Pet Company | Household Goods | $39.11 | mid-to-hi 30s | 48 | 31 | 4 for 5'er, favored HOUS sector, LT pos peer RS, spread quad top, buy on pullback |
| NVDA | NVIDIA Corporation | Semiconductors | $210.96 | 220 - 240 | 300 | 204 | 4 for 5'er, top third of Semis matrix, pos. ST Mkt and Peer RS, ATH on 10/2, Earn. 11/17 |
| SN | SharkNinja, Inc. | Household Goods | $196.38 | hi 170s - 180s | 222 | 156 | 5 for 5'er, top 10% of HOUS sector matrix, multiple buy signals, Earn. 11/4 |
| URBN | Urban Outfitters, Inc. | Retailing | $86.55 | 79 - 85 | 99 | 71 | 4 for 5'er w/recent pos. trend change, Pos. LT Mkt. and Peer RS, Top quartile of Retail matrix, Matched ATH on 10/13. |
| ASH | Ashland Inc. | Chemicals | $72.99 | hi 60s - mid 70s | 86 | 62 | 5 for 5'er, top 10% of CHEM sector matrix, RS buy signal, bearish signal reversal, 2.4% yield, Earn. 11/3 |
| SWK | Stanley Black & Decker, Inc. | Machinery and Tools | $99.24 | hi 80s - mid 90s | 111 | 75 | 4 for 5'er., top 20% of MACH sector matrix, quad top, 3.6% yield Earn. 11/4 |
| WDAY | Workday Inc. | Software | $209.99 | low 190s to hi 200s | 230 | 178 | 4 for 5'er, Top half of SOFT sector matrix, Pos. LT Mkt. RS, Pos. Trend. |
| BBY | Best Buy Co., Inc. | Retailing | $99.87 | low-to-mid $90s | 119 | 76 | 4 for 5'er, top 20% of RETA sector matrix, one box from market RS buy signal, 4.2% yield |
| RBRK | Rubrik, Inc. Class A | Software | $128.74 | lo 110 - mid 120 | 144 | 104 | 5 for 5'er, Top decile of Software matrix, Pos. LT Mkt. and Peer RS, Pos. trend. |
| PANW | Palo Alto Networks Inc | Software | $380.55 | 360s - 380s | 472 | 308 | 4 for 5'er, top half of favored SOFT sector matrix, LT pos peer RS, |
| WSM | Williams-Sonoma, Inc. | Retailing | $252.47 | 240s - 250s | 344 | 212 | 5 for 5'er, top 25% of RETA sector matrix, LT pos peer & mkt RS, R-R>2.0, Earn. 11/18 |
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
WSM Williams-Sonoma, Inc. R ($248.80) - Retailing - WSM is a 5 for 5'er that ranks in the top quartile of the retailing sector matrix and has been on peer and market RS buy signals since 2023. After falling to a sell signal in September, WSM found support at $200 and rallied, returning to a buy signal earlier this month when it broke a double top at $252. Long exposure may be added in the $240s to $250s and we will set our initial stop at $212, which would take out two levels of support on WSM's default chart. We will use the bullish price objective, $344, as our target price, giving us a reward-to-risk ratio north of 2.0. WSM also carries a 1.2% yield and is expected to report earnings on 11/18.
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