The following is provided by Navellier with technical comment from South Ocean Management – pls do your own due diligence.

https://navelliergrowth.investorplace.com/

High-Growth Investments

Coca-Cola FEMSA SAB de CV

Coca-Cola FEMSA Sab de CV (KOF) is the biggest Coca-Cola franchise bottler in the world, operating 49 bottling plants and 268 distribution centers in 10 countries in Latin America. And it has a vast portfolio of brands, including Coca-Cola, Fanta, Sprite, Powerade, Vitamin Water, Monster and Fuzetea. The stock is making its second-straight appearance on the Top Stocks list this month.

During its first quarter in fiscal year 2023, Coca-Cola FEMSA achieved double-digit earnings, revenue and operating earnings growth. First-quarter earnings per share were 0.23 pesos and earnings per ADS were 18.65 pesos. Total revenue rose 12% year-over-year 57.36 billion pesos. In U.S. dollars, Coca-Cola FEMSA reports earnings of $1.03 per share, which topped estimates for $0.91 per share by 13.2%.

Looking forward to the second quarter, the analyst community expects earnings to grow 16.4% year-over-year to $1.28 per share. Analysts have also increased earnings estimates by 16.4% in the past three months, which bodes well for another quarterly earnings surprise. KOF is a Conservative buy below $91.

SOM Technicals:

4-28-23: Closed at 84.42. Trade pressures are down, but rising.  Volumes are now neutral.  The next target down is 79.84.

5-07-23: Closed at 88.48. Trade pressures are up. Volumes are bullish. The next target up is 89.08.

5-13-23: Closed at 88.73. Trade pressures are up but rolling over. Volumes are now neutral. The next target down is 86.56.

5-20-23: Closed at 88.79. Trade pressures are  down but rising. Volumes are bearish. The next target down is 86.56.

5-27-23: Closed at 85.10. Trade pressures are down. Volumes are bearish. The next target down is 81.89.

6-3-23: Closed at 83.77. Trade pressures are down but rising. Volumes are bearish. The next target down is 76.12.

 

Lamb Weston Holdings, Inc.

Lamb Weston Holdings, Inc. (LW) is the second-largest supplier of frozen potatoes in the world – and its most-popular product is frozen fries. About 80 million portions of fries are sold each day globally. And based on recent revisions to earnings estimates, analysts are betting that folks’ insatiable appetite for Lamb Weston’s French fries and other products will persist.

For its fourth quarter in fiscal year 2023, earnings are expected to increase 60% year-over-year to $1.04 per share. Analysts have also upped earnings estimates from $0.92 per share two months ago. Full-year earnings estimates have been bumped up by 14.3% in the past two months, with analysts calling for 115.4% annual earnings growth. As you know, positive analyst revisions typically precede future earnings surprises.

I should also add that in the wake of these positive analyst revisions, LW shares rallied to a new all-time high around mid-May. The stock has consolidated these gains recently, which makes LW a great buy right now. LW is a Conservative buy below $117.

SOM Technicals:

1/28/23: Closed at 98.31. Trade pressures are up. Volumes are bullish. The next target up is 100.77, the prior high.

2-3-23: Closed at 98.12. Trade pressures are down but rising. Volumes are now neutral. The next target up is 100.77. Support is at 95.40.

2-18-23: Closed at 100.48. Trade pressures are up. Volumes are bullish. The next target up is 108.44.

2-24-23: Closed at 99.98. Trade pressures are down. Volumes are now neutral. The next target down is 87.01.

3-4-23: Closed at 101.98. Trade pressures are up. Volumes are bullish. The next target up is a breakout above the prior high at 102.77.

3-11-23: Closed at 97.63. Trade pressures are down. Volumes are bearish. The next target down is the short entry at 97.30.

3-17-23: Closed at 97.62. Trade pressures are down but rising. Volumes are bearish. the next target down is 91.83.

3-24-23: Closed at 100.18. Trade pressures are down but rising into the neutral zone. Volumes are bullish. The next target up is 102.70.

3-31-23: Closed at 104.52. Trade pressures are up. Volumes are bullish. The next target up is 107.05.

4-14-23: Closed at 108.71. Trade pressures are up but turning down.  Volumes are bullish. The next target down is 104.23.

4-22-23: Closed at 110.35. Trade pressures are up. Volumes are bullish. The next target up is 112.88.

4-28-23: Closed at 111.81. Trade pressures are up . Volumes are bullish. The next target up is 117.72.

5-07-23: Closed at 112.09. Trade pressures are down into the neutral zone. Volumes are bullish. The next target down is 107.56.

5-13-23: Closed at 114.28. Trade pressures are up. Volumes are bullish. The next target up is 117.72.

5-20-23: Closed at 114.48. Trade pressures are up. Volumes are bullish. The next target up is 117.72.

5-27-23: Closed at 109.45. Trade pressures are down but rising. Volumes are now neutral. The next target down is 104.38.

6-3-23: Closed at 113.27. Trade pressures are up. Volumes are bullish. The next target up is a retest of the 115.34 high.

 

First Solar, Inc.

First Solar, Inc. (FSLR) is one of the biggest solar manufacturers in the world, yet it doesn’t have any manufacturing operations in China. The company’s manufacturing operations are actually based primarily in the U.S., as it has facilities in Ohio – two currently in the state, one set to come online later this year, and a fourth factory to be commissioned in the southeast U.S. in 2025.

With the Biden administration’s green push, demand for solar energy is incredibly strong right now. As a result, First Solar can finally make some money, and it is making the transition from negative to positive earnings – a feat it achieved in the latest quarter.

First-quarter earnings surged to $0.40 per share, up from a $0.41 per share loss in the same quarter a year ago. Sales increased 49.4% year-over-year to $548.29 million. Company management also noted that it expects “improved profitability in 2023 and beyond.” Full-year 2023 earnings are forecast to be between $7.00 and $8.00, which compares to a loss of $0.41 per share in 2022. FSLR is a Moderately Aggressive buy below $239.

SOM Technicals:

4-28-23: Closed at 182.63. Trade pressures are down Volumes are now neutral. The next target down is 178.66.

5-7-23: Closed at 178.60. Trade pressures are down but rising. volumes are now neutral. The next target up is 181.59.

5-13-23: Closed at the 231.69, up 50.00. Trade pressures are up. Volumes are a high volume bullish. The next target up is 249.63. 

5-20-23: Closed at 203.63, retracing the large move up. Trade pressures are down. Volumes are neutral. Maybe going to fill the gap.

5-27-23: Closed at 201.42. Trade pressures are up. Volumes are neutral. The next target up is 211.75.

6-3-23: Closed at 206.60. Trade pressures are up. Volumes are neutral. The next target up is 212.35.

 

Novo Nordisk A/S

Novo Nordisk AS (NVO) is a biotech company focused on developing treatments to combat diabetes, obesity and other chronic illnesses, as well as rare blood and rare endocrine diseases. The Denmark-based company’s leading treatment is Ozempic, and its sales rose 45% in 2022. Novo Nordisk anticipates strong Ozempic, as well as Wegovy, sales in 2023.

Just this week, Novo Nordisk revealed that its oral weight loss drug is nearly as effective as its weight loss injections. Wegovy injections have the same active ingredient as Novo Nordisk’s oral version of the drug semaglutide, which also helped folks lose weight. Results from the phase 3a trial showed that those taking 50 mg of the oral treatment achieved 15.1% weight loss, or 17.4% if everyone in the trial had adhered to the treatment.

Given the strength of its current business and the company’s growing pipeline of treatments, analysts have increased earnings estimates for the current quarter. Second-quarter earnings are now expected to rise 59% year-over-year to $1.24 per share, up from previous estimates for $1.07 per share. Second-quarter sales are forecast to grow 42% year-over-year to $8.03 billion. NVO is a Conservative buy below $175.

SOM Technicals: 

2-24-23: Closed at 141.60. Trade pressures are down. Volumes are now neutral. The next target down is 188.22.

3-4-23: Closed at 144.90. Trade pressures are up. Volumes are bullish. The next target up is 149.62.

3-11-23: Closed at 141.29. Trade pressures are down but rising. Volumes are bearish. The next target down  is 134.71.

3-17-23: Closed at 139.44. Trade pressures are down but rising. Volumes are neutral. The next target down is 134.74.

3-24-23: Closed at 152.76. Trade pressures are up. Volumes are bullish. The next target up is 159.89.

3-31-23: Closed at 159.14. Trade pressures are up. Volumes are bullish. The next target up is 177.85.

4-14-23: Closed at 168.60. Trade pressures are up. Volumes are bullish. The next target up is 177.65.

4-22-23: Closed at 172.65. Trade pressures are rising into the neutral zone. Volumes are bullish. The next target up is 177.65.

4-28-23: Closed at 167.09. Trade pressures are up. Volumes are now neutral. The next target down is 159.13.

5-7-23: Closed at 163.24. Trade pressures are down but rising. Volumes are neutral. The next target up is 167.92.

5-13-23: Closed at 171.27. Trade pressures are up. Volumes are bullish. The next target up is 177.65.

5-20-23: Closed at 170.54. Trade pressures are up. Volumes are bullish. The next target up is 172.97.

5-27-23: Closed at 162.23. Trade pressures are down but rising. Volumes are bearish. The next target down is 159.13.

6-3-23: Closed at 157.14. Trade pressures are down. Volumes are now bullish. The next target down is 150.57.

 

Quanta Services, Inc.

Quanta Services, Inc. (PWR) offers infrastructure solutions for electric power, wireless and fiber optic installation, underground utilities and pipelines. Simply put, Quanta Services provides “the infrastructure that powers your world,” and it has benefited from the shift to 5G.

For the first quarter in fiscal year 2023, Quanta Services reported adjusted earnings of $1.24 per share on revenue of $4.43 billion. The analyst community expected first-quarter adjusted earnings of $1.13 per share and revenue of $4.08 billion. Quanta Services also ended the quarter with a record backlog of $25.3 million.

This week, Quanta Services announced its plans to pay a quarterly dividend of $0.08 per share on July 14. All shareholders of record on July 3 will receive the dividend. The stock has a 0.2% dividend yield. The company also introduced a new stock buyback program, planning to repurchase up to $500 million of its outstanding shares. PWR is a Conservative buy below $186.

SOM Technicals:

7-30-22: Closed at 138.73. Trade pressures are up. but showing divergence. Volumes are bearish. The  next target down is 133.65.

8-6-22: Closed at 136.91. Trade pressures are down but rising. Volumes are bullish. The next target up is 138.44.

8-12-22: Closed at 143.46. Trade pressures are up. Volumes are bullish. The next target up is 145.03.

8-21-22: Closed at 142.02. Trade pressures are down into the neutral zone. Volumes are now neutral. The next target down is 138.78.

1-29-23: Closed at 150.00. Trade pressures are up. Volumes are bullish. The next target up is 154.23.

2-3-23: Closed at 152.43. Trade pressures are up. Volumes are neutral. The next target up is 154.23.

2-11-23: Closed at 151.34. Trade pressures are down. Volumes are now bearish. The next target down is 148.46.

2-18-23: Closed at 154.90. Trade pressures are up. Volumes are up. The next target up is 158.55. A close below 153.45 would signal lower.

2-24-23: Closed at 160.64. Trade pressures are up. Volumes are neutral. The next target up is 163.65.

3-4-23: Closed at 163.12. Trade pressures are rising into the neutral zone. Volumes are bullish. The next target up is 168.75.

3.11.23: Closed at 157.35. Trade pressures are down. Volumes are bearish. The next target down is 148.96.

3-17-23: Closed at 155.10. Trade pressures are in the neutral zone. Volumes are bearish. The next target down is 148.96.

3-24-23: Closed at 160.78. Trade pressures are down. Volumes are bullish. The next target down is 156.74.

4-28-23: Closed at 169.64. Trade pressures are up into the neutral zone. Volumes are bullish. The next target up is 170.39.

5-7-23: Closed at 171.07. Trade pressures are down but rising into the neutral zone. Volumes are bullish. The next target up is 171.94, the prior high.

5-13-23: Closed at 173.85. Trade pressures are up. Volumes are now bearish. The next target up is 179.82.

5-20-23: Closed at 171.72. Trade pressures are up. Volumes are neutral. The next target up is 179.82.

5-27-23: Closed at 174.00. Trade pressures are up. Volumes are bullish. The next target up is 179.82.

6-3-23: Closed at 180.08. Trade pressures are up but declining. Volumes are bullish. The next target up is 181.83.