Stock Trends

Long ideas

Good morning,

Yesterday, J.C. Parets and crew were nice enough to have me on The Morning Show (you can see the full interview below).

We covered a lot of ground, including international markets, tech underperformance, and the difference between ETFs and indexes.

However, my favorite question came at the end when J.C. asked where I’m looking that other people are not.

Readers of this week’s earlier reports know I called out energy and small-caps as top trade ideas for a rally in The Monday Morning Playbook, and our midday Overtime report added financials as a potential long.

And since today's report looks at individual stocks, I’m going to stick with the theme and highlight a few long ideas in each of those three areas.

We’ll also review why the selloff in travel stocks looks like an opportunity.

Let’s get into it!

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Energy long ideas

CTRA: Coterra Energy

CTRA is pushing to the top of an 18-month base and just broke out vs. SPX. Above $30 is a breakout and measures to $37.

CVX: Chevron

CVX broke out yesterday with a 2% gain. Not a lot of resistance between this stock and another run to the mid-$180s.

HES: Hess Energy

Hess is breaking out this week and hitting 9-month relative highs. Getting extended as we test the long-term downtrend line but any pullback should be viewed as a buying opportunity.

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Small cap long ideas

ATRO: Astronics Corp