Carpenter Technology Corporation (NYSE:CRS)

Strategy Session December 27th, 2017

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  • curtis: Market looks like it will be higher on open. I will be trimming some positions that didn't get stopped out yesterday. I think oil is going higher. I have $CVX looking to add at 140 on a dip I have $DVN - I think this get's bought out added $WFRD yesterday (small). Stopped out with a profit: $ARM $ELF New Buys: all small positions. $WFRD $AVGO $ADBE $MELI $META $CRS $WAB underwater $OLLI - like this with consumers feeling inflation pinch. Long Will be adding on pull backs. Long: $BA looking for $320 in 2024/25 China will be buying more aircraft. This will go higher if they don't screw this up again. Looking to Trim: $SN $AMZN
  • romanalexk: $CRS is looking pretty good in this chop for now. Let's see how it closes today.
  • curtis: $CRS Carpenter Tech (Speciality metals) limit 71.30
  • marklesparkle: @curtis $CRS Just FYI I pay attention to what you say curtis TY
  • romanalexk: $CRS after the natural reaction is bouncing back. I bought some more to add to my existing position that I bought during the breakout. I need to do one more buy to establish my entire position.
  • champ: $CMC is HOD, might finally have Entry-timing......plus I like these also $CRS $NUE and $STLD.
  • Margi1983: @champ $CMC $CRS $NUE $STLD Also a volatility squeeze. Volume is lousy but it's Friday. Long
  • romanalexk: $CRS is on the move. Great volume.
  • sierramp: @romanalexk $CRS Very interesting. Will be watching to see if it can BO above resistance and hold. Thanks.
  • romanalexk: @sierramp $CRS Always! I am glad it is helpful. You might also want to look at $COCO but I wish closer to 50 day and not too much overhead resistance. I started a small position.
  • sierramp: @romanalexk $CRS $COCO Big buyer 5 min ago $CRS
  • romanalexk: @sierramp $CRS $COCO Thank you! I was having breakfast and so the post and yes there is buying going. I have a bit more than a starter position. I will wait to see what the natural reaction is going to be like. Then if it rallies I will add to it.
  • sierramp: @romanalexk $CRS $COCO We must be in same time zone. I took a starter but will likely wait to add. There is however consistent buying.
  • romanalexk: @sierramp $CRS $COCO Awesome! Let's see how it closes. So far it looks promising.
  • Onthemark: @romanalexk $CRS $COCO Thanks for $CRS, got in this morning after seeing your post. New high on double average volume.
  • romanalexk: @Onthemark $CRS $COCO Sure thing! I am glad to help. Let's see what today's close will be like and what the natural reaction will be like.
  • DAN: ...
    $CRS -- Good trend. One to watch.
    $TSLA -- Cheaper cars, cheaper stock.
    $DKNG -- Down
    $SHAK -- Down. Shake Slack
    $LULU -- Holding it’s own.
    $MNST -- Consolidation
    $COIN -- crypto futures. Barely holding the 50 day MA
    $OKTA -- Trying
    $TEX -- ...
  • Ian: $CRS Manufacturing, fabrication of specialty metals. Defense, aerospace, transportation, energy.
  • issues: @Pokersmith $HWM Looks good. I bought a small starter. In addition which of these defense stocks would you prefer? $TMST $AVAV $ESLT $CRS $TGI.
  • Pokersmith: @issues $CRS $TGI These two. And $AVAV if it ever comes in 😒 See also: $GD, $LMT
  • Ajax4Hire: While the market flounders($SPY,$QQQ,$NDX,$DIA); the forward-thinking Mining&Metals, Steel and Transport($IYT) shooting for the moon. Conflicting signals. Future looks bright($IYT,$XME) but now looks meh. Hold% $XME SPDR S&P Metals&Mining ETF - Top 15 holdings 5.78% $FCX Freeport-McMoRan, Inc. 5.45% $CRS Carpenter Technology Corporation 5.09% $CLF Cleveland-Cliffs Inc 4.81% $WOR Worthington Industries, Inc. 4.78% $CMC Commercial Metals Company 4.73% $KALU Kaiser Aluminum Corporation 4.66% $HCC Warrior Met Coal, Inc. 4.64% $ATI Allegheny Technologies Incorporated 4.63% $HL Hecla Mining Company 4.49% $ARCH Arch Resources, Inc. Class A 4.36% $RS Reliance Steel & Aluminum Co. 4.36% $CENX Century Aluminum Company 4.30% $CMP Compass Minerals International, Inc. 4.23% $STLD Steel Dynamics, Inc. 4.15% $NUE Nucor Corporation Data from: https://ETFdB.com/etf/XME/#holdings
  • bRobert: $CRS $63 flag target $STLD 50d bounce/reversal $VMI $165+ c&h breakout/throwback retest $DOVA $18 Stops raised $25 $HIIQ short squeeze continuation
  • Sluggo: Stocks to watch tomorrow: $NVMI $CRS $TRI $CP $ADP $CPRT $VMI $OLED $V $HMN $ASML $GPN $HMN $GPN $MTH $SAIA $MA $SAIC $NTDOY $KAR $AMK
  • CraigReynolds: $X $CRC $NUE $CLF $CRS $EXP $OSB Spec trades. These are companies that contribute to the construction plays in road and commercial buildings. Both road and commercial construction are big growing construction phases in the USA. Look for good entries. They are Speculative Plays so enter wisely but the construction in these areas are needed and have to be done.
  • bRobert: $TKR $CRS phase 2. Add on phase 3. Targets TKR $54/ CRS $58 Long from below
  • bRobert: $CRS . Breakout continues $60 target . Long from below with $TKR . Both these small caps specialty metals punch above their fly weight.
  • bRobert: @mradams0621 $HD $XME $CMC $CLF $TECH $TECK $CRS $TKR . Proven . Look for pb/b
  • bRobert: $CRS Specialty metals Long base Early bo. $63+ Similar to $TKR
  • bRobert: $X . Closing in on target 1 $25. Will likely roll up calls soon. I found them in the bargain bin many weeks ago. $30 . mm target 2 $TKR . $CRS . $CLF . $STLD . others in my heavy metal band.
  • bRobert: $CRS . nice set up . $51/$60+ . mm targets . Partial . position. Scale in further with confirmation
  • bRobert: $CRS I've been playing a lot of heavy metal recently. this specialty metal manufacturer has excellent top/bottom line growth and trades at a very reasonable valuation. CHEAP $60+ mm target..
  • bRobert: @CraigReynolds $X $CLF $NUE Heavy metal $TKR $CRS other heavy metal players with a specialty
  • woodman: $CRS - double bottom/dumpster dive bounce.
  • thehook1: $CRS all time hi.... long & strong & $EHC & $PLD
  • bRobert: $CRS Specialty metals. Long calls. Stop raised.
  • derek308: @DAN $XME $STLD $CENX $X $SXC $SCHN $WOR I was looking through the $XME holdings and noticed that the Aluminum plays had particular strength $KALU $CENX though don't know why. Also $CRS key supplier to Aerospace/Defence plus infrastructure one to watch.
  • pcotton: #scan #bottomUP - Ones I bought recently were down a little but didn't do that bad yesterday, ie $AMCC, $ANDE, $ASPS, $CBI, $CRS, $KBR, $KMT, $MSCI, $TAHO, $UTEK. Here's today's list: $AA $AMCC $ARII $BCOR $CLF $FOSL $JOY $KMT $RPXC $SCHN $TAHO $TWI $WCC
  • dunsek: #PickYourBottom A few more for the radar screen. I'm long $AA which @DAN talked about in the weekend update. It's in a diamond bottom and the Recognia taget is $15, though that may be a bit conservative if it does start to go ; $CRS is a double bottom and looks low risk rhrn. A fail below Friday's low and i'd get out and watch. NP on that one, though. And $TRMB , which had a wild intraday swing on earning, closed just off the high and is also looking diamond bottom-ish. A move over 26.28 says buyers are dominating, to me. NP there either.
  • pcotton: #scan tommorow's #bottomUP list (ex energy) $AT $CRS $DOV $ENTR $FAST $FCX $FLR $KMT $MDRX $NUAN $NWBI $PWR $S $SB $TEX $UTEK $VCRA $VIAB $VMI $VMW $XOOM
  • pcotton: #scan bottomUP lot of metals, construction doing well (in recent scans) I own $CMC $CRS $FCX $TAHO $TEX $CAT $FLR Tomorrow's list: $ASPS $AT $CRS $DOV $FCX $FLR $IBM $KMT $MAT $MDRX $NCI $NUAN $OSK $PWR $S $SCHN $TEX $UTEK $VMI $VMW $YELP
  • pcotton: #scan #bottomUP (ex energy) Hey, 7 out of 10 of today's list was up today, with market down, momo out of favor. $AVP $CRS $ECOM $FCX $FLR $KMT $MAT $MDRX $S $SB $TEX $UTEK $VCRA $VMI $YELP $ZINC copyable list: in TOS, can copy, then import to watchlist from clipboard: AVP CRS ECOM FCX FLR KMT MAT MDRX S SB TEX UTEK VCRA VMI YELP ZINC
  • pcotton: ...
    $CAT $CRS $ENTA $FCX $FLR $MDU $NAV $NTLS $UTEK $VCRA $VHC
    CAT - 20 crossing over 50, consolidating
    CRS - 20 near crossing over 50, longer base than the failed rally of late 2014, when the 20 didn't come near the 50. Alert over prior high 43.64
    ENT ...
  • Tricia: Notable earnings before Thursday's open $ABFS, $ABMD, $ADT, $AIT, $ALXN, $AN, $ARG, $ATK, $BC, $BEAV, $BEN, $BLL, $BMS, $BTU, $BX, $BZH, $CAH, $CAM, $CARB, $CELG, $CEVA, $CL, $CMS, $COP, $CRR, $CRS, $DFT, $DGX, $DOV, $DST, $EPD, $ERIC, $ESI, $HAR, $HGG, $HOG, $HP, $HSH, $HSY, $IVZ, $KELYA, $KEM, $KMT, $LLL, $LLY, $MAN, $MD, $MMM, $MO, $NOC, $NVO, $OSTK, $OXY, $PBI, $PHM, $PLD, $POT, $RGLD, $RTN, $RYL, $SHW, $TE, $TEN, $TKR, $TMO, $TWC, $UA, $UPS, $UTEK, $V, $VIAB, $VLY, $WCC, $WHR, $XEL, $XOM, ZMH
  • Tim S: Notable earnings before Tuesday's open $ACI, $ACT, $AET, $AGCO, $AGN, $ALLT, $ALR, $AME, $AMTD, $APD, $BP, $CIE, $CMI, $CRS, $CRY, $CVLT, $CYNO, @DAN, $DDD, $DIN, $ECL, $ETR, $EXAS, $FDP, $FIS, $FLWS, $GOV, $GT, $HCP, $HRS, $HUN, $ICON, $IIVI, $IVR, $JBLU, $JCI, $LLL, $LYB, $MDC, $MSO, $MWV, $NGD, $NOK, $OXY, $PAG, $PBI, $PCAR, $PFE, $RTIX, $SCHN, $SNH, $ST, $SUI, $TECH, $TRI, $TRW, $TWI, $UBS, $UDR, $UTHR, $VLO, $VSH, $WM, $X, $XRAY, XYL
  • russ1030: $AMBA - Earnings- knew that,just had a case of $CRS this am... ;o)
  • russ1030: $SPY - @kat , @Dan covered that yesterday in one of the strategy sessions. Can't remember which one,$CRS kicking in again. ;o)
  • Tricia: EARNINGS: Notable earnings before Tuesdays open: $ABG, $AIT, $AKS, $ALV,AME, $ARG, $AXE,ARMH, $BEAV,CIT, $CNC, $COH, $CPLA, $CRS, $CSL, $CYNO DD, $FMER, $GNTX, $HOG,IIVI, $INOD, $ITW, $JAKK, $LRY, $LXK, $MMM, $NMM, # $NUS, $PLD, $MOLX, $MWV, $PVTB, $R, $RAI, $RDCM, $RF, $RSH, $SAH, $SBNY, $SIAL, $SNV, $ST, $STBA, $TECH, $TWN, $UPS, $UTX, VMED, $WAB, $WAT, $WHR, $XRS, $XRX DURING THE DAY: $ABCB, $ANAT,BCDS, $CART, $COR, $CPBC, CTDC, $CTO, $DDE, $DVAX, $DVD, $ESSA, $FBMI,FCBC,$FCCY, $FFEX, $FFNM, $FVE, $GNC,MLNK, $MRCY, $NMM, $ISIS, $PAMT, $PLD, PRWT, $SAL, # Notable earnings after Tuesday's close: # $ABAX, $ACE, $AFL, $ALTR, $AMGN, $AMSG, $ANEN, $BBRG, $BCR, $BNNY, $BRCM, $BWLD, $CBI, $CHRW, $FB, $FBC, $FBHS, $FTI,GILD, $HBI, $HLIT, $HTS, $ILMN, $INVN, $IRBT, $JNPR, $MOH, $NBR, $NFLX, $NFX, $NSC, $PLCM,PNRA, PVSW, $QCOR, $QDEL,RFMD, $SMCI, $STM, $TPX, $TSS, $UIS,USNA, $VICR, $VMW, $WBSN, $VOCS, $WYNN, YDNT, $ZIXI
  • gold2stocks: ...
    $CRS
    Carpenter rated new Buy at Sterne Agee
    $CRS was initiated with a Buy rating, Sterne Agee said. $75 price target. Company is seeing better demand from aerospace and energy customers.

    $DPZ
    Domino's Pizza downgraded at BofA/Merrill
    $DPZ wa ...
  • Henry: TC2000 % gain One way is shift t then drag right across the screen. There is another way, but I can't remember what it is. $CRS not the stock
  • jojo1480: ...
    Steel Stocks- the following have been following, but with 2500+ stocks in my database, just don' t have the time: $ZEUS IIIN $CRS and $ATI (VSqueeze developing). A State of the Union play might be $ANDE, ethanol- storage, transport, producer, etc..h ...
  • HGIGuy: $CRS - anyone know what's up with this one? Clearly moving today to a different @drummer than other steel/iron stocks. Appears to be holding support just below 200 dma.
  • Aragorn: JOJO - glad you stayed my friend. Tomorrows set in your honor. Do not get too drunk via osmosis from my toasts. Here is a funny quick moment with a friend - My wife and I were rafting on the Delaware and drinking beer to my friend and toasted him and then called him later and told him we were toasting him and drinking in his honor and he said no hesitation "No wonder I was feeling so good" If you knew my friend ( My concert mate) you would be laughing your ass off. Have a great night I know I will as long as I remember my tickets and me and @Pilotski share that $CRS stuff. Thanks again Jay
  • Aragorn: @Pilotski - you cannot usurp my affliction. You can share it with me. The longer I do this the more self aware I become that I must have ADD. I do lots of tricks now to keep me on the straight and narrow. I have watch lists. I have charts that do a slide show whirling all over the place. I have my screens set up so I can survey as much as possible, I have a pad and pencil and record my thoughts. I make sure I check every 1/2 hour my positions to make sure I know what the hell I have. I use alerts and I have a timer set to go off every 1/2 hour to make sure i go over a checklist. So if you have $CRS as I do, I hope you have a milder case than me.
  • Aragorn: ...
    I also create a new watch list of only the stocks I have at work as a day trade so I can see those prices in front of me and no other distractions. I suffer from $CRS - Can't remember Sh_t, so I need to do all kinds of techniques to keep me focused. ...
  • Aragorn: ...
    Miss Ellie - I was literally walking out the door yesterday and felt the need to post a few Friday tunes so I apologize for my $CRS moment. Tomorrow we will do a full set of Steely @Dan. They are coming to the Beacon in $NY to do a multi night tour ...
  • seahawk: $CRS - Anybody up on this company? Sure is a nice chart on a so so day. Phase $III or just another breakout of a volatility #squeeze?
  • ridgerunr: $CRS potential #squeeze
  • Dave: $CRS - I've had it on my radar ever since #Cramer talked about it a few weeks ago. Strong fundies and strong techies. No position - I'd like for it to come in some, but so far it hasn't been cooperating.
  • HGIGuy: Stocks I'm watching. Possible Volatility #Squeeze forming:AN, $AXP, $CRR, $CRS, $DECK, $FFIV, $IACI, $LULU, $QCOM, $RPM, VRUS. Finding support?: $ALXN, $GBX, JOYG, $PLCM, PPO. $RES looks ready to try a b/o above resistance @ $25. $RAX formed triangle of lower highs and higher lows above support @ $40 - looking for b/o above downtrend line of highs.
  • Aragorn: ...
    @Brwnilocks - @Ella, what can one say I loved it. There is a fabulous Jazz radio station in $NY WBGO. Last Saturday night on my way back from the airport, they had a segment from I believe around 1950 where @Ella was in a small club singing a song s ...
  • maria1el: $CRS - Me again. Did not get any response on $OXY, but here is another one I am watching. Looks like a #RHRN.
  • eleKtra: $OXY I am watching..well, it's not near support, but it is breaking out of a #squeeze. This is the case w/ many stocks now as per @Dan's video on the weekend. Good fundies on this one. And now it has crossed the 100 mark. I think if it can stay happily over 100 it will go higher (like CAT). The high was 101 on Friday, and it's almost over there now..I bet it goes higher..well, I'm not actually betting. $CRS looks good, also with good fundies an this is closer to support, right @ resistance now from mid Jan..
  • hooked1: $XME I Just went through it. $ATI, $CMP, $CRS, and $TIE are the components that are up. Titanium Metals is up 15% and the others in this $ETF all sell Ti alloys. The other components are down.
  • ginny: $WHX - YIELD HOG $CRS Good Morning, I am new to the forum. This is a hog I have been watching. Anyone have any thoughts on WHX. I have been watching $CRS for a week. I think I missed my buy point days ago I enjoy reading your posts. I am riding STEC. Good call @Dan Thanks
  • Tradervic: ...
    FPU (5.35%), $CRS (5.05%).

    Gapping Up: $STX 6.02%, PPDI 6.06%,
    *DNDN 6.95%,
    $ONXX 8.40%, BDK 8.98%.

    DRIV:
    * Says 24 pct of '08 rev came from product sales to Symantec
    * Sees Q3 results at or above top end of view
    * Shares sink 40 pct
    ...
  • Russ: Steel Steel is getting some attention (though attention to steel comes and goes). $STLD and $AKS are leading the way, but I won't buy them now. Several other charts are in consolidation and may move higher with the market. $X, $NUE, $TCK, $CLF, $ZEUS, $CRS, $TX $MTL is in a pullback on lighter volume with a little pickup yesterday. These may be worth watching.
  • tmjska: Boeing/Airbus: a couple of related names not mentioned so far: $TIE, $RTI, $ATI, and $CRS (for Titanium), $PCP (parts, turbines)
  • Russ: $TCK I've been watching $MT, $MTL, $CRS, and TCK. $TCK may be more diversified in product than the others. Currently looks good. On another theme, a few more volatility squeezes to consider include $TRN, $V, $CCJ (again), and $ASH and ARJ, two chemical companies. $TRN is interesting because, similar to $DVN, it is also just under the 200dma. It's also a transportation company (makes rail cars) and the rails perked up on Friday.
  • orthodoc: @Dan and team, I know cautions about bottom picking, but what about $TIE or steel companies? Does it help these companies that their input costs go down? $CRS, etc.? I know demand may trump lower costs.
  • basherbob: @Dan and Team, I did a scan looking for 3 things. Volatility #squeeze, high management ownership and high short interest. $CAB and $CRS stuck out. $CAB reports Thursday, last month the CEO bought $1.5 million worth of stock. High short interest and met earnings expectations last 3 quarters. I think they may surprise to the upside. $CRS has a fairly high short interest and an insiders have also been backing up the truck. I am not in either but they are now on my watch list. I think its worth a look. I agree with @Dan's caution in the market right now. I got my info from Yahoo. I just signed up for Worden. I love it. Nothing like it in Canada.
  • Virgil25: Looking at $CRS, $TIE, & $ATI - Only Titanium plays except for the Russian Giant VSMPO AVISMA which is not traded in these markets.
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Stock Price $83.73
Change -0.32%
Volume 388,018

Carpenter Technology Corporation is engaged in the manufacturing, fabrication and distribution of specialty metals. The Company is organized in three reportable business segments: Specialty Alloys Operations, Latrobe, and Performance Engineered Products.

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