Today's featured stock is Nucor Corp. (NUE).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| PANW | Palo Alto Networks Inc | Software | $350.20 | 360s - 380s | 472 | 308 | 4 for 5'er, top half of favored SOFT sector matrix, LT pos peer RS, Earn. 11/19 |
| WSM | Williams-Sonoma, Inc. | Retailing | $253.70 | 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 |
| A | Agilent Technologies, Inc | Healthcare | $175.46 | 170s - 180s | 196 | 154 | 4 for 5'er, top quartile of Healthcare matrix, Pos. LT Peer RS, One Box from Mkt. RS Buy, Earn. 11/25 |
| CACI | CACI International Inc. | Computers | $680.10 | 630s - 660s | 776 | 568 | 4 for 5'er, top third of COMP sector matrix, LT pos market RS, spread quadruple top |
| EHC | Encompass Health Corp. | Healthcare | $134.79 | low 120s - low 130s | 151 | 108 | 4 for 5'er, Pos. LT. Mkt. and Peer RS, top half of Healthcare matrix, ATH on 10/29. |
| EAT | Brinker International Inc | Restaurants | $207.41 | hi 200s - 210s | 270 | 182 | 4 for 5'er, top third of favored REST sector matrix, spread triple top, good R-R |
| IHG | InterContinental Hotels Group plc (United Kingdom) ADR | Leisure | $170.20 | mid 160s - low $170s | 208 | 138 | 5 for 5'er since Nov. '25, Pos. trend since Nov. '22, Pos. LT Mkt. and Peer RS, One box from ATH. |
| NUE | Nucor Corporation | Steel/Iron | $273.53 | mid 250s to mid 280s | 352 | 228 | 5 for 5'er after Mkt RS rev. to Xs, Pos. LT Mkt. and Peer RS, 2nd in Steel matrix, Pos. Trend, ATH on 11/2. |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| AVGO | Broadcom Ltd | Semiconductors | $332.13 | (320s - 340s) | 264 | 384 | 1 for 5'er, unfavored SEMI sector matrix, new market RS sell signal, negative trend flip |
Removed Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| CENTA | Central Garden & Pet Company | Household Goods | $39.87 | mid-to-hi 30s | 48 | 31 | Rallied to 52-wk and overbought territory at $41 on 11/4. Actionable in hi $30s, raise stop to $33. Earn. 11/25 |
Follow-Up Comments
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NDW Spotlight Stock
NUE Nucor Corporation R ($265.60) - Steel/Iron - NUE increased to a 5 for 5’er after seeing the market RS chart reverse into a column of Xs on 11/2, highlighting near-term relative strength and outperformance. The stock has maintained positive long-term market RS since June of this year and positive long-term peer RS since June of 2021, while currently ranking 2nd (out of 15) within the Steel/Iron sector matrix. On the trend chart, NUE has maintained a positive trend since April of this year and returned to a buy signal, post earnings, by breaking a double top at $268 on 10/30. November’s action began with a move to a new all-time chart high at $284 before pulling back to the $260 range. Okay to consider in the mid-$250 range to mid-$280 range. The bullish price objective of $352 will serve as the price target, while the initial stop loss will be set for $228.
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