Navellier Top Stocks for April

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

https://navelliergrowth.investorplace.com/

Navellier says,

 

High-Growth Investments

Atlassian Corporation (TEAM) is making its first appearance on the Top 5 Stocks list this month. We added TEAM to the High-Growth Investments Buy List in the March 2019 Growth Investor Monthly Issue. If you recall, Atlassian is a global software company that provides tools and resources that promote teamwork and collaboration.

The company offers several products including a software development tool, Jira Software; a project management software, Jira Core; a tool to track incidents, Statuspage; software that allows teams to collaborate in one space, Confluence and Trello; and products to build software, Bitbucket, Bamboo, Crucible, Fisheye and Sourcetree. And its products are used by customers in several markets like healthcare, digital media, retail and entertainment.

Last week, Atlassian revealed its plans to acquire AgileCraft in a deal valued at $166 million. AgileCraft is a six-year-old start-up that provides enterprise agile planning software, and the acquisition is expected to add $1 million to $2 million to TEAM’s revenue in fiscal year 2019.

For the company’s third quarter in fiscal year 2019, which should be released in mid-April, the analyst community is expecting sales to jump 36.2% year-over-year to $304.65 million. Earnings per share are forecast to soar 80% year-over-year to $0.18, up from $0.10 per share in the same quarter a year ago. And TEAM has posted a positive earnings surprise in each of the last four quarters. TEAM is a Moderately Aggressive buy below $125.

SOM Technicals:

3-31-19: Closed at 112.39. Trade pressures are up into the neutral zone. Volumes are now neutral. The next target up is 120.27.

4-5-19: Closed at 111.33. Trade pressures are down. Volumes are neutral. Uptrend support at 109.93.

4-13-19: Closed at 112.68. Trade pressures are up. Volumes are bullish. The next target up is 120.00.

4-19-19: Closed at 101.94. Trade pressures are down. Volumes are a very large neutral. Earnings projections weak, causing a crash thru the support. Remains a buy, but will have to see next qtr earnings before any meaningful recovery.

 

Keysight Technologies, Inc. (KEYS) is making its second-straight appearance on the Top 5 Stocks list this month. Keysight Technologies’ solutions are designed to enhance its customer’s designs, increase manufacturing yields and provide more visibility into IT operations. And the company’s solutions are used by several industries, including aerospace and defense, automotive and energy, communications, government, semiconductor and service providers.

With 78 of the Fortune 100 as its customers, it’s no wonder that Keysight Technologies continues to add to its top and bottom lines. In the company’s first quarter in fiscal year 2019, earnings soared 81.4% year-over-year and sales increased 18% year-over-year.

Looking ahead to the company’s second-quarter report, the consensus estimate calls for earnings of $0.99 per share on $1.07 billion in revenue. That translates to 7.4% annual revenue growth and 19.3% annual earnings growth. KEYS has also posted a positive earnings surprise in each of the last three quarters. So, considering that analysts have upped their second-quarter estimates in the past month, KEYS will likely top estimates again. KEYS is a Conservative buy below $95.

SOM Technicals:

2-22-19: Closed at 82.46. Trade pressures are up. Volumes are now bearish. At the up side target, expect consolidation.

3-1-19: Closed at 85.90. Trade pressures are up and extended. Volumes are bullish. Stops at 81.83.

3-8-19: Closed at 83.99. Trade pressures are up but turning down. Volumes are bearish. Support at 80.64.

3-15-19: Closed at 85.99. Trade pressures are up but down near the neutral zone. Volumes are bullish. In consolidation after the very big run-up from the 61 level.

3-23-19: Closed at 84.76. Trade pressures are down into the neutral zone. Volumes are bearish. A cose below 82.32 would signal a new down trend.

3-31-19: Closed at 87.20. Trade pressures are up into the neutral zone. Volumes are now bullish. In consolidation at the 25×5 MA.

4-5-19: Closed at 89.45. Trade pressures are up. Volumes are neutral. Uptrend support is at 86.26.

4-13-19:Closed at 91.84. Trade pressures are up. Volumes are bullish. Support at the 25×5 MA at 87.44.

4-19-19: Closed at 90.31. Trade pressures are down into the neutral zone. Volumes are bearish. Support at 88.27.

 

O’Reilly Automotive, Inc. (ORLY) is another fundamentally superior automotive parts retailer. So, after you’ve picked up shares of this month’s new buy, AutoZone, you may want to consider adding to your O’Reilly Automotive position.

Like AutoZone, O’Reilly Automotive offers parts, tools, supplies, equipment and accessories in the U.S. for professional mechanics and do-it-yourself mechanics. After opening 200 new stores in 2018, the company now has more than 5,200 locations in 47 U.S. states. And thanks to strong demand at its stores, O’Reilly Automotive achieved total sales of $9.54 billion in fiscal year 2018.

O’Reilly Automotive is expected to announce first-quarter results in late April. Currently, earnings per share are forecast to grow 12.2% year-over-year to $4.05 per share, up from $3.61 per share in the same quarter a year ago. First-quarter sales are expected rise 6.6% year-over-year to $2.43 billion, compared to $2.28 billion in the first quarter of 2018. ORLY is a Conservative buy below $415.

SOM Technicals:

3-31-19: Closed at 388.30. Trade pressures are up and extended. Volumes are bullish. The next target up is 406.09. 

4-5-19: Closed at 401.13. Trade pressures are up. Volumes are bullish. Uptrend support is at 379.62.

4-13-19: Closed at 406.32. Trade pressures are up but declining. Volumes are bullish. At the upside 406.09 target.

4-19-19: Closed at 399.46. Trade pressures are up but turning down. Volumes are bearish. Support at 392.56.

 

 

VMware, Inc. (VMW) is one of our long-held positions on the High-Growth Investments Buy List, as we added the stock back in late January 2017. In a nutshell, the company develops computer programs that help make cloud computing possible. And since the company was founded more than two decades ago, it’s been at the forefront of cloud computing—and is a leader in the field.

VMware’s proprietary platform is used by more than 500,000 customers around the world. A few of the company’s more well-known customers include the United States Federal Credit Union, Deutsche Telekom, IBM, IHS Markit, Adobe, ADP, Make-A-Wish Foundation, Brooks Brothers and Ford.

On February 28, VMware reported better-than-expected earnings and sales for its fourth quarter. Revenue rose 16% year-over-year to $2.59 billion, slightly better than forecasts for $2.5 billion. And earnings jumped 25.3% year-over-year to $823 million, or $1.98 per share, which topped estimates for $1.88 per share.

For the first quarter in fiscal year 2019, VMware is expected to achieve earnings of $1.28 per share on $2.24 billion in revenue, which represents 11.8% annual revenue growth and 1.6% annual earnings growth. VMW is a Conservative buy below $195.

SOM Technicals:

3-31-19: Closed at 180.51. Trade pressures are down. Volumes are bearish. The next target down is 169.77.

4-5-19: Closed at 185.73. Trade pressures are down into the neutral zone. Volumes are bullish. Uptrend support is at 179.29.

4-13-19: Closed at 192.81. Trade pressures are up. Volumes are up. The next target up is 204.

4-19-19: Closed at 188.17. Trade pressures are down into the neutral.zone. Volumes are bearish. Support is at 185.23.

Xilinx, Inc. (XLNX) rounds out the Top 5 Stock list for April. If you remember, we added Xilinx to the High-Growth Investments Buy List in the March 2019 Growth Investor Monthly issue. Xilinx is a semiconductor company that developed the first Field Programmable Gate Array (FPGA), an integrated circuit that’s configured after manufacturing. The company also introduced System-on-a-Chip (SoC) and the first Adaptive Compute Acceleration Platform (ACAP).

Over the past 35 years, Xilinx has grown to become a leading provider of programmable logic technologies. As a result, the company is well-positioned to take advantage of the 5G launch. In fact, back in late February, Xilinx announced that it was partnering with Samsung to introduce the world’s first 5G New Radio. The first commercial deployment will occur in South Korea and then in additional countries later this year.

Xilinx will announce first-quarter 2019 earnings on April 24. First-quarter earnings are expected to jump 24% year-over-year to $0.93 per share, up from $0.75 per share in the same quarter a year ago. Analysts have also increased earnings estimates by 14.8% in the past two months, so another quarterly earnings surprise is likely. XLNX is a Moderately Aggressive buy below $140.

SOM Technicals:

3-31-19: Closed at 126.79. Trade pressures are down but rising. Volumes are beaerish. 128.01 is a new long entry price.

4-5-19: Closed at 129.08. Trade pressures are in the neutral zone. Volumes are bullish. Uptrend support is at 125.15.

4-13-19: Closed at 134.41. Trade pressures are up. Volumes are bullish. The next target up is 146.53.

4-19-19: Closed at 134.95. Trade pressures are up. Volumes are bullish. The next target up is 146.53.

 

 

Elite Dividend Payers

Arbor Realty Trust, Inc. (ABR) remains one of my favorite dividend growth stocks. As a real estate investment trust (REIT), Arbor Realty Trust is required to return at least 90% of its taxable income to shareholders in the form of dividends. Most recently, the REIT paid a quarterly dividend of $0.27 per share on March 20. All shareholders of record on March 1 received the dividend.

Arbor Realty Trust also have superior fundamentals, thanks in part to strong demand of its loan and services offerings. In fact, the REIT recently funded a bridge loan for the reverb Oak Forest residences in Illinois, as well as funded a Fannie Mae DUS loan for a 39-unit property in Philadelphia, Pennsylvania. And that’s just a sampling of the loans ABR has funded in the past month. ABR remains a good Conservative buy below $14.

SOM Technicals:

2-22-19: Closed at 12.96. Trade pressures are up. Volumes are bullish. The next target up is 14.37.

3-1-19: Closed at 12.89. Trade pressures are up. Volumes are neutral. The next target up is 14.37.

3-8-19: Closed at 12.67. Trade pressures are down into the neutral zone. Volumes are bearish, the 25×5 MA is at 12.48.

3-15-19: Closed at 12.86. Trade pressures are in the neutral zone. Volumes are neutral. ABR goes ex dividend this next week.

3-23-19: Closed at 12.83. Trade pressures are down into the neutral zone. Volumes are bearish.  Sitting on the old target of 12.58 and the 25×5 moving average.

3-31-19: Closed at 12.97. Trade pressures are up. Volumes are bearish. In consolidation at the 25×5 MA.

4-5-19: Closed at 13.54.  Trade pressures are up. Volumes are bearish. Uptrend support is at 12.96.

4-13-19: Closed at 13.74. Trade pressures are up and extended. Volumes are bullish. The next target up is 14.37.

4-19-19: Closed at 13.67. Trade pressures are up and turning down. Volumes are bullish. Support at 13.24.

 

Capital Southwest Corporation (CSWC) is a relatively newer addition to the Elite Dividend Payers Buy List, as we added the stock in the December 2018 Growth Investor Monthly Issue. If you recall, CSWC is a business development company based in Dallas, Texas. The company focuses primarily on offering flexible financing solutions to support acquisitions and the growth of middle market businesses.

At the end of the company’s third quarter in fiscal year 2019, CSWC had a total investment portfolio of $496.7 million. Its credit portfolio accounted for $350.7 million. CSWC also reported earnings of $6.7 million, or $0.39 per share, which topped analysts’ estimates for $0.38 per share. And for the company’s fourth quarter, analysts are expecting 42.9% annual earnings growth.

Now, I should add that, as one of our AA-rated stocks, CSWC not only has strong fundamentals, it also has a history of rewarding its shareholders. The company has paid a dividend for 12-straight quarters. Today, March 29, CSWC paid a regular quarterly dividend of $0.38 per share and a special dividend of $0.10 per share. The stock has a 9% dividend yield. CSWC is a Conservative buy below $22.

SOM Technicals:

3-31-19: Closed at 21.04. Trade pressures are up into the neutral zone. Volumes are bearish. The next support is at 19.49.

4-5-19: Closed at 21.48. Trade pressures are up but turning down. Volumes are bullish. Sitting on the support line at 21.34.

4-13-19: Closed at 21.31. Trade pressures are down. Volumes are bearish. Support is at 19.66, the 200 day MA.

4-19-19: Closed at 21.59. Trade pressures are up. Volumes are bullish. Near the 21.66 target, expect more consolidation.

 

Medifast, Inc. (MED) has been one of the strongest AA-rated stocks on the Elite Dividend Payers Buy List since we added it in October 2017. The stock is up more than 105%. Now, Medifast shares were caught up in the yearend market selloff, but MED has since rebounded 20% from its January lows. So, in light of this recent relative strength, positive analyst revisions and rising dividends, I’m making Medifast one of our Top 3 Stocks for April.

In regards to fundamentals, Medifast still has solid double-digit forecasted earnings and sales growth. For the first quarter, the consensus estimate calls for earnings of $1.54 per share on $153.48 million in revenue. That represents 55.7% annual revenue growth and 52.5% annual earnings growth. And analysts have increased earnings estimates by 6.2% in the past month.

Medifast also continues to reward its shareholders with consistent and growing quarterly dividends. The company has paid a dividend for 13-consecutive quarters, and it has increased its dividend by 56.3% in the past year alone. Medifast will pay a quarterly dividend of $0.75 per share on May 7 to all shareholders of record today, March 29. The stock has a 2.3% dividend yield. MED remains an Aggressive buy below $156.

SOM Technicals:

3-31-19: Closed at 127.55. Trade pressures are in the neutral zone. Volumes are bearish. Blow the 200 day MA in bearish territory. Need a close above 166.91 to get going again.

4-5-19: Closed at 133.38. Trade pressures are up. Volumes are bullish. At 25×5 MA support and still below the 200 day MA at 166.05.

4-13-19: Closed at 136.49. Trade pressures are up and extended. Volumes are bullish. Sitting on the 25×5 support.

4-19-19: Closed at 143.85. Trade pressures are up. Volumes are bullish. the next target up is the 200 day MA at 165.18.