Daily Equity Roster
Published: October 10, 2024
This content is for informational purposes only. This should not be construed as solicitation. The general public should consult their financial advisor for additional information related to investment decisions.
Today's featured stock is Madden Steven LTD (SHOO).

 

Long Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
GTES Gates Industrial Corporation plc Business Products $17.43 16-18 23.50 15 5 TA rating, top 25% of BUSI sector matrix, LT RS buy, shakeout pattern buy point, R-R > 3, Earn. 11/1
WPM Wheaton Precious Metals Corp Precious Metals $59.49 52 - hi 50s 85 43 5 TA rating, top 33% of PREC sector matrix, buy-on-pullback, R-R > 2.5, Earn. 11/7
LAZ Lazard Inc. Wall Street $49.50 low-to-mid 40s 76 36 4 for 5'er, top 20% of WALL sector matrix, one box from peer RS buy, spread quad top, R-R>3.0, 4.6% yield
ESNT Essent Group Ltd Insurance $63.21 mid-to-hi 50s 66 50 4 for 5'er, top half of favored INSU sector matrix, bullish triangle, LT pos peer RS, 1.9% yield
PH Parker-Hannifin Corporation Machinery and Tools $632.79 550s - 580s 744 488 5 for 5'er, top 20% of MACH sector matrix, LT pos mkt RS, spread quintuple top, R-R>2.0, 1.15% yield, Earn. 10/31
BR Broadridge Financial Solutions Inc. Wall Street $219.71 200s - 210s 268 174 5 for 5'er, top third of WALL sector matrix. LT pos mkt RS, spread triple top, 1.7% yield, Earn. 10/31
VERX Vertex, Inc. Class A Software $41.01 mid-hi 30s 50 27 5 TA rating, top 25% of SOFT sector matrix, consec. buy signals, LT pos trend & mkt RS buy, buy-on-pullback, Earn. 11/7
HOLX Hologic Incorporated Healthcare $80.12 hi 70s - lo 80s 111 64 4 TA rating, top half of HEAL sector matrix, LT RS buy, buy on pullback, Earn. 11/4
CBT Cabot Corp Chemicals $110.90 hi 90s - mid 100s 129 86 5 for 5'er, top 10% of CHEM sector matrix, LT pos mkt RS, spread quintuple top, Earn. 11/4
TJX The TJX Companies, Inc. Retailing $113.98 lo 110s - lo 120s 155 92 5 TA rating, top 33% of RETA sector matrix, LT pos. trend, pos. wkly mom., recent consolidation
CHD Church & Dwight Company Household Goods $100.63 hi-90 to mid-100 123 90 4 for 5'er, buy and pos. trend since Nov. '23; ATH June 2024; top half of HOUS matrix, Earn. 11/1
TOL Toll Brothers, Inc. Building $151.08 lo 130s - hi 140s 198 108 5 TA rating, top 10% of BUIL sector, LT RS buy, buy-on-pullback
ACVA ACV Auctions, Inc. Class A Autos and Parts $18.73 19 - 21 24.50 16 5 for 5'er, top 20% of AUTO sector matrix, pos trend flip, spread quintuple top, Earn. 11/4
EXPE Expedia Group Inc. Leisure $152.79 mid 130s - hi 140s 204 110 4 TA rating, top 33% of LEIS sector matrix, consec. buy signals, LT RS buy, recent breakout, Earn. 11/7
AJG Arthur J. Gallagher & Co. Insurance $294.94 260s - 280s 316 228 4 for 5'er, top half of favored INSU sector matrix, LT pos mkt RS, pullback from ATH, Earn. 10/24
EHC Encompass Health Corp. Healthcare $94.19 90s 107 82 4 for 5'er, top third of HEAL sector matrix, quad top breakout, Earn. 10/24
OKE ONEOK, Inc. Gas Utilities $94.75 89 - 93 126 76 5 for 5'er, top 20% of GUTI sector matrix, LT pos mkt RS, pullback from ATH, 4.2%y yield, Earn. 10/29
MA Mastercard Incorporated Class A Finance $499.95 460s - 490s 560 424 4 for 5'er, top half of favored FINA sector matrix, LT pos mkt RS, Earn. 10/24
RSG Republic Services, Inc. Waste Management $204.84 mid 190s - lo 210s 250 158 5 TA rating, top half of WAST sector matrix, LT RS buy, LT pos trend, consec. buy signals, pullback from ATH, Earn. 10/29
ATGE Adtalem Global Education Inc. Business Products $73.14 low-to-mid 70s 94 63 5 for 5'er, top quintile of BUSI sector matrix, spread quintuple top, Earn. 10/29
BBY Best Buy Co., Inc. Retailing $98.64 hi 90s - low 100s 149 78 4 for 5'er, top 20% of favored RETA sector matrix, bullish triangle, R-R>2.0, 3.7% yield
DRI Darden Restaurants, Inc. Restaurants $158.56 mid 150s - lo 170s 198 130 4 TA rating, top half REST sector matrix, LT RS buy, buy-on-pullback, 3% yield.
ROL Rollins, Inc. Business Products $49.83 hi 40s - low 50s 67 40 4 for 5'er, top half of BUSI sector matrix, LT pos trend, one box from mkt RS buy, Earn. 10/23
DVA DaVita, Inc. Healthcare $159.30 148-lo 160s 206 124 5 TA rating, top 25% of HEAL sector matrix, LT pos trend, buy-on-pullback, Earn. 11/5
SHOO Madden Steven LTD Textiles/Apparel $46.97 mid-hi 40s 71 37 4 TA rating, top 50% of TEXT sector matrix, LT RS buy, recent pullback, Earn. 11/6

Short Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
WDAY Workday Inc. Software $240.77 (240s - 230s) 200 268 2 for 5'er, bottom half of SOFT sector matrix, LT negative mkt RS,

Removed Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
GD General Dynamics Corporation Aerospace Airline $298.69 290s - low 300s 352 252 Removed for upcoming earnings (10/23).
RDNT Radnet, Inc. Healthcare $66.40     54 Moved to a sell sign. Current exposure may maintain the $54 stop.

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NDW Spotlight Stock

 

SHOO Madden Steven LTD ($47.04) R - Textiles/Apparel - SHOO has a 4 for 5 TA rating and sits in the top half of the textiles/apparel sector RS matrix. The stock has been on an RS buy signal against the market since 2021 and moved to a new multi-year high earlier this month before pulling back to the current chart position at $47. The stock maintains a strong long-term technical picture, allowing the near-term pullback to offer a more ideal entry point for potential long investors. Exposure may be considered in the mid-to-upper $40s. Our initial stop will be positioned at $37, which would violate multiple support levels and move the stock to a negative trend. The bullish price objective of $71 will serve as our price target, offering a reward-to-risk ratio north of 2-to-1. Note that earnings are expected on 11/6.

 
            23               24                              
50.00                                                 A       50.00
49.00                                                 X O     49.00
48.00                                             •   X O     48.00
47.00                                             X • X O     47.00
46.00                                             X O 9       46.00
45.00                                 X   6   7   X O X     Mid 45.00
44.00 •                       X       X O X O X O X 8 X       44.00
43.00   •                     X O X   X O X O X O X O X       43.00
42.00     •                   X O X O X O X O   O   O X       42.00
41.00       •                 X 1 X O X O X       • O X •     41.00
40.00 X       •               X O   2   4 X     •   O •       40.00
39.00 6 O       •             C         O X   •     •         39.00
38.00 X O         •           X         5   •                 38.00
37.00 X O         X •         X           •                 Bot 37.00
36.00 X O         2 O •   X   X         •                     36.00
35.00 X O 7   C   X O X • 8 O X       •                       35.00
34.00 X O X O X O X O X O 7 O B     •                         34.00
33.00   O X O X O X 5 6 O X 9 X   •                           33.00
32.00   O   O X O X O X O X O X •                             32.00
31.00       8 B 1   O X O • O •                               31.00
30.00       O A     O • •   •                                 30.00
29.00       9 X   • •                                         29.00
28.00       O X •                                             28.00
27.00       O •                                               27.00
            23               24                              

 

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