Revisiting Former Stock Picks Sterling Infrastructure, Corpay, Deere -- Barrons.com

Dow Jones
3 hours ago

By Doug Busch

Revisiting former stock picks is essential because it provides a real-world measure of what's working and what isn't, helping to refine both strategy and discipline. By reviewing past calls, investors can identify patterns in successful setups, recognize where assumptions may have been off, and improve decision-making going forward. It also reinforces accountability, ensuring that each idea is evaluated not just on the initial thesis, but on how it ultimately performs in the market.

This week we discuss:

   -- Sterling Infrastructure Inc., introduced by Todd Chanko in December. 
 
   -- Corpay Inc., covered by Todd Chanko in February. 
 
   -- Deere & Co., written by Al Root last July. 

This note revisits recent stock picks where recent developments favor fresh buy or sell signals. Read last week's edition here.

Sterling Infrastructure

The construction services company has been a powerhouse, rising 223% over the past year and continuing that trend in 2026 with a 42% gain so far. The stock is just 6% off its most recent 52-week high and has advanced seven of the last 10 weeks. Respect its relative strength on the ratio chart against the State Street Industrial Select Sector SPDR Fund. The stock is up 40% since our recommendation.

Looking at its daily chart one can see how round number theory played a role with the run from $100 to $400 between last April and November. A cup base took shape with the $300 level at the bottom of the pattern, and the $419.24 pivot was taken out on Feb. 11. Admire how it has reclaimed its 21 day exponential moving average and has now formed a bull flag.

The stock can be bought here. A move above $450 would carry a measured move to $600 by year-end, representing a 35% gain from current prices. Remain bullish above $405. Sterling Infrastructure was trading around $456 Wednesday.

Corpay

The fintech infrastructure play sits 19% below its most recent 52-week high and is down 18% year to date. The stock has finished lower three of the last four weeks, including weekly losses of 8% and 9%. All four weeks closed at or near the low for the weekly range. The stock has fallen 13% since our recommendation.

Looking at its daily chart shows it has outperformed the financial group since last November as seen on the ratio chart against the State Street Financial Select Sector SPDR Fund. It recently retested a bullish inverse head and shoulders pattern just below the very round $300 number and filled in a gap from the Feb. 4 session. The next session jumped 12% completing a bullish island reversal on a well received earnings reaction.

You can buy the stock here and add to it through a double bottom pivot of $333.30. Look for the stock to move toward $413 by year end, a 41% gain from current prices. Remain bullish above $280. Corpay was trading around $294 Wednesday.

Deere & Co.

The construction machinery play is enjoying a solid 2026 so far, up 25%. However, it is now trading 14% off its most recent 52 week high set just five weeks ago, creating an opportunity. It is on a current four week losing streak and has advanced in only six sessions in March thus far. The stock is 15% higher since our recommendation.

The daily chart shows the nascent move lower after the stock advanced 12% following earnings on Feb. 19, which two sessions later completed a bearish evening star. Deere recently retested a nine-month cup base breakout pivot of $533.88 that was taken out on Feb. 3. Note the bullish piercing line candle occurred at the depth of the pattern on Oct. 14. Bulls are watching for a potential bullish MACD crossover and want to see the ratio chart start to firm against its main rival Caterpillar.

One can enter here and add to above a double bottom pivot of $603.13. Look for the stock to travel toward $650 in mid 2026, a 12% gain from current prices. Remain bullish above $550. Deere was trading around $581 Wednesday.

Taken together, these names highlight where opportunity still exists. The next move will likely hinge on how well they continue to execute against an evolving market backdrop.

Doug Busch is the senior technical analyst at Barron's Investor Circle . His technical view is added to stock picks, including those published exclusively for Investor Circle readers. A glossary of technical terms is updated regularly with new entries.

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

 

(END) Dow Jones Newswires

March 25, 2026 23:39 ET (03:39 GMT)

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