Daily Equity & Market Analysis

Published: Tuesday, Jan 11, 2022


Daily Equity Roster

 

Long Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
AKR Acadia Realty Trust Real Estate $22.04 20 - 22 28 18 4 for 5'er, #6 of 154 in REAL sector matrix, one box from RS buy signal, 2.7% yield, Earnings 2/8
STOR Store Capital Corp. Real Estate $33.85 mid-to-upper 30s 47.50 30 5 for 5'er, multiple buy signals, one box from 52-week high, 4.1% yield, R-R>2.0
FOE Ferro Corp Chemicals $21.77 high teens to low 20s 35 16 4 for 5'er, 8 consec buy signals, pullback from recent high, pos trend, top of DWACHEM matrix
SC Santander Consumer USA Holdings Inc. Finance $41.73 high 30s to mid 40s 57 34 5 for 5'er, top 10% of DWAFINA, 3 consec buy signals, all-time highs, 2.11% yield, Earnings 2/1
ESI Element Solutions Inc. Chemicals $23.93 mid to upper 20s 37 20 5 for 5'er, multi-year high, 6 consec buy signals, top of DWACHEM
BAM Brookfield Asset Management Finance $56.68 mid to hi 50s 70 47 5 for 5'er, top 20% of FINA sector matrix, LT pos mkt RS, multiple consecutive buy signals Earnings 2/10
SMCI Super Micro Computer, Inc. Computers $44.18 low 40s 52 34 4 for 5'er, top 20% of COMP sector matrix, multiple buy signals, pullback from ATH Earnings 1/31
UMC United Microlectronics Corporation (Taiwan) ADR Semiconductors $11.14 11.50 - 12.50 19 10 4 for 5'er, top half of favored SEMI sector matrix, bullish catapult, 2.4% yield, R-R>3.0, pot. cov. write
SMPL Simply Good Foods Co Retailing $37.67 mid-to-upper $30s 56 31 4 for 5'er top half of RETA sector matrix, bullish catapult, pullback from ATH
BRO Brown & Brown, Inc. Insurance $68.08 low to upper 60s 77 55 5 for 5'er, pos trend since 2010, longterm market RS buy signal, one box from 4th consec buy signal Earnings 1/24
SEE Sealed Air Corporation Business Products $65.42 low-to-mid 60s 89 53 5 for 5'er, top 20% of BUSI sector matrix, multiple consec buy signals Earnings 2/7
SWCH Switch, Inc. Class A Internet $27.06 25 - 28 54.50 22 4 for 5'er #6 of 51 in INET sector matrix, spread triple top, R-R>5.0
HD Home Depot, Inc. Building $387.46 high 380s to 410s 540 316 5 for 5'er, long-term market RS buy, 3 consec buy signals, pullback from all-time high, 3 mon pos monthly mom, 1.69% yield
IR Ingersoll-Rand Inc. Machinery and Tools $58.99 mid 50s to low 60s 74 49 5 for 5'er, pullback from ATH, 3 consecutive buy signals, pos monthly momentum
WTFC Wintrust Financial Corporation Banks $100.46 90S 112 79 4 for 5'er, top 20% of favored BANK sector matrix, triple top, 1.35% yield Earnings 1/19
LYV Live Nation Entertainment Inc. Leisure $115.32 low 120s to mid 130s 142 98 5 for 5'er, pullback from ATH, long-term market RS buy signal, 2 consecutive buy signals, pos month and weekly momentum
EQH Equitable Holdings Inc Insurance $35.17 mid to upper 30s 47.5 27 4 for 5'er, pullback from ATH, 3 consec buy signals, pos weekly momentum flip, 2.2% yield
STE STERIS PLC Healthcare $231.52 hi 220s - low 240s 316 200 4 for 5'er, top 25% of HEAL sector matrix, LT pos mkt RS, triple top breakout, Earn. 1/31
LAMR Lamar Advertising Company Media $114.32 low 100s - low 120s 158 97 5 for 5'er, top 25% of MEDI sector matrix, pullback from ATH, 3.4% yield.
TROX Tronox Incorporated Chemicals $23.89 mid 20s 43.50 20 5 for 5'er, top 1/3 DWACHEM matrix, 3 weeks pos weekly mom, pullback from rally high, 1.65% yield

Short Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes

Removed Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
OFG Oriental Financial Group Banks $29.57 mid-to-high 20s 37 23 See follow comment below.

Follow-Up Comments

Comment
OFG Oriental Financial Group R ($29.44) - Banks - OFG has moved outside of our actionable range. We will maintain our $23 stop.

DWA Spotlight Stock

 

TROX Tronox Incorporated R ($23.99) - Chemicals - TROX is a perfect 5 for 5’er that ranks in the top third of the chemicals sector stock matrix. TROX has been trading in a positive trend since August 2020 and has maintained a market RS buy signal since December 2020. Weekly momentum has been positive for three weeks, adding to the positive weight of the evidence. Okay to add new exposure in the mid 20s. We will set our initial stop at $20, the first sell signal on the chart, and will use TROX’s bullish price objective of $43.50 as our near-term price target. TROX yields 1.65%.

                      19           20                               21                                   22    
26.00                                                                                                 A       26.00
25.00                                                                                                 X O 1   25.00
24.00                                                                                         X       X O X   24.00
23.00                                                                                         5 O     9 O X Mid 23.00
22.00 •                                                                                       X O     X B X   22.00
21.00 7 •                                                                     X               X 6     X C     21.00
20.00 X O •                                                                   X O         X   X 7     X       20.00
19.50 X O   •                                                                 X O 3   X   X O X O X   X       19.50
19.00 6 O     •                                                               X O X O X O 4 O X O X O X       19.00
18.50 X O       •                                                             X O X O X O X O   O X O X     Bot 18.50
18.00 X O         •                                                           X O   O X O X     O X 8 X       18.00
17.50 X 8           •                                                         X     O   O X     O   O         17.50
17.00 • O             •                                                   X   2         O X                   17.00
16.50   O X             •                                                 X O X         O X                   16.50
16.00   O X O             •                                           X   X O X         O                 •   16.00
15.50   O X O             X •                                         1 O X O                           •     15.50
15.00   O X 9             X O •                                       X O X                           •       15.00
14.50   O X O             X O   •                                 X   X O                           •         14.50
14.00   O X O             4 5     •                               X O X                           •           14.00
13.50   O   O     X       X O       •                             C O X                         •             13.50
13.00       O     X O     X O 7       •                       X   X O                         •               13.00
12.50       O X   B O     3 O X O       •                     X O X                         •                 12.50
12.00       O X O X O     X O X O     1   •                   X O X                       •                   12.00
11.50       A X O X O X   X O X O     X O   •                 X O X                     •                     11.50
11.00       O   O   O X O X O 6 O     X O     •               X O                     •                       11.00
10.50               O X O X O X 8     X O       •             X                     •                         10.50
10.00               O   O 2 O X O X   X O X       •           B                   •                           10.00
9.50                   C X O   O X O X O X O       • •   X   A                 •                             9.50
9.00                   O X     O X O B O X O         X • X O X               •                               9.00
8.50                   O 1     O 9 O X O X O         X O 8 O X             •                                 8.50
8.00                   O X     O X O X 2   O         X O 7 9             •                                   8.00
7.50                   O X     O X A       O         6 O X             •                                     7.50
7.00                   O X     O           O         X O X           •                                       7.00
6.50                   O                   3         X O           •                                         6.50
6.00                                       O X   X   X           •                                           6.00
5.50                                       O X O X O X         •                                             5.50
5.00                                       O X O X O X       •                                               5.00
4.75                                       O X O X 4 X     •                                                 4.75
4.50                                       O   O   O X   •                                                   4.50
4.25                                               O X •                                                     4.25
4.00                                               O •                                                       4.00
                      19           20                               21                                   22    

 

DISCLOSURE

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