Navellier Top Stocks for July

https://navelliergrowth.investorplace.com/

Navellier says,

High-Growth Investments

AutoZone, Inc. (AZO) is a leading retailer of automotive parts and accessories in the U.S., as the company offers a variety of services for the “do-it-yourself” car mechanic. Interestingly, the company has a business, ALLDATA LLC, that also provides vehicle repair instructions and procedures—and many garages rely heavily on this information to diagnose and repair vehicles.

This week, ALLDATA inked a deal with Honda Motor Europe Ltd, and it will now publish repair and maintenance instructions for Honda’s European vehicles. With this deal, ALLDATA now offers repair information on a total of 23 vehicle brands and more than 1,000 models.

AutoZone’s commitment to providing its customers with the tools and information necessary to better maintain and repair vehicles has added nicely to its top and bottom lines. For the company’s fourth quarter in fiscal year 2019, to be announced in September, sales are forecast to grow 10.5% to $3.93 billion, and earnings are expected to increase 17.6% to $21.81 per share. AZO is a Conservative buy below $1,174.

SOM Technicals:

4-27-19: Closed at 1033.97. Trade pressures are down. Volumes are bearish. At support after reaching the 1024 target. Now in consolidation with a possible retracement.

5-4-19: Closed at 1033.36. Trade pressures are down but rising. Volumes are bearish. Riding the 25×5 MA as support.

5-11-19: Closed at 1001.03. Trade pressures are down. Volumes are bullish. In a retracement after reaching the target at 1024. The next target down is 975.

5-18-19: Closed at 984.09. Trade pressures are down. Volumes are bearish.In the move down. the next target down is 950.

5-25-19: Closed at 1052. Trade pressures are up. Volumes are bullish. The next new long entry is 1057.58.

5-31-19: Closed at 1026.98. Trade pressures are down into the neutral zone. Volumes are bearish. The next target down is 1000.

6-15-19: Closed at 1119.64. Trade pressures are up. Volumes are bullish. The next target up is 1139.

6-22-19: Closed at 1118.47. Trade pressures are up. Volumes are bullish. The next target up is 1200.

6-28-19: Closed at 1097.83. Trade pressures are down into the neutral zone. Volumes are bullish. expect support at 1078, the 25×5 MA.

7-8-19: Closed at 1130.92. Trade pressures are up. Volumes are bullish. Held support. Next target up is 1200.

7-13-19: Closed at 1163.75. Trade pressures are up. Volumes are bullish. The next target up is 1198.

7-19-19: Closed at 0072.25. Trade pressures are up but turning down. Volumes are still bullish. The next target up is 1196.79.

 

Cadence Design Systems, Inc. (CDNS) provides the tools necessary to develop and build analog, RF, mixed-signal and custom chip designs. The company’s portfolio of tools boosts production rates and accelerates the design process. And Cadence Design Systems is the only company that offers the tools (hardware and software) necessary for the whole electronics design chain.

So, it’s no wonder that the company’s revenue has more than doubled in the last eight years. Or that Cadence Design Systems has established strategic alliances with leading electronics and semiconductor companies, as well as internet service providers.

Cadence Design Systems has also posted an earnings surprise in each of the last four quarters—and it’s gearing up for fifth-straight quarterly earnings surprise. Analysts have upped earnings estimates by 6% in the past three months. Analysts are looking for 17.8% annual earnings growth, as well as 11.8% annual sales growth in the second quarter. CDNS is a Conservative buy below $76.

SOM Technicals:

4-27-19: Closed at 68.22. Trade pressures are up. Volumes are neutral. At the highs with a new long entry at 69.21 above.

5-4-19: Closed at 70.27. Trade pressures are up. Volumes are bullish. In a new move up from the 68.45 level.

5-11-19: Closed at 69.36. Trade pressures are up but declining. Volumes are bullish. At the new long entry of 68.45.

5-18-19. Closed at 68.66. Trade pressures are up. Volumes are neutral. In the move up from the 68.45 long entry.

5-25-19: Closed at 63.99. Trade pressures are down. Volumes are bearish. The next target down is the 62.82 prior low.

5-31-19: Closed at 63.57. Trade pressures are down, Volumes are bearish. 62.58 is support.

6-15-29: Closed at 67.72. Trade pressures are up. Volumes are bullish. The next target up is 79.97.

6-22-19: Closed at 71.37.  Trade pressures are up. Volumes are up. The next target up is 76.41.

6-28-19: Closed at 70.81. Trade pressures are up but turning down. Volumes are neutral. The next target up is 76.41.

7-8-19: Closed at 74.41. Trade pressures are up. Volumes are bullish. Next target up is 76.41.

7-13-19: Closed at 75.02. Trade pressures are up. Volumes are bullish. The next target up is 80.

7-19-19: Closed at 72.92. Trade pressure are up but turning down. Volumes are now bearish. Support is at 71.76.

 

Chipotle Mexican Grill, Inc. (CMG) has taken another step to generate loyalty and retain its top employees. This week, the wildly popular Mexican restaurant launched a new benefits program that enables hourly employees to earn quarterly bonuses. The quarterly bonus could equal up to one-week’s pay, and it’s in addition to the annual crew bonus that CMG offers to employees who’ve been an employee for at least one year.

Chipotle Mexican Grill provides several other benefits for its employees, including tuition reimbursement, health insurance, paid meal breaks and free English as a second language classes. So, it’s not too surprising that the company continues to retain its employees: About 80% of general managers at the restaurants are promoted from within the company.

Clearly, Chipotle Mexican Grill has found the right recipe for rewarding and keeping its employees—and that’s a vital key to building a successful and growing business. CMG will release second-quarter earnings and sales on July 23. The analyst community is forecasting earnings of $3.74 per share and revenue of $1.4 billion, which represents 10.9% annual revenue growth and 30.3% annual earnings growth. CMG is a Moderately Aggressive buy $797.

SOM Technicals:

5-25-19: Closed at 662.60. Trade pressures are down. Volumes are bearish. The next target down is 641.

5-31-19. Closed at 659.97. Trade pressures are down. Volumes are bearish. The next target down is 648.50.

6-15-29: Closed at 740.68. Trade pressures are up Volumes are bullish. In the new move up from the 722 long entry.

6-22-19: Closed at 727.27. Trade pressures are up. Volumes are bearish. After market pulls back on earnings.

6-28-19: Closed at 732.05. Trade pressures are up but turning down. Volumes are bearish. Support is at 708, the 25×5 MA.

7-8-19: Closed at 739.75. Trade pressures are up but declining. Volumes are bullish. Consolidation at 72.68, the new long entry trigger.

7-13-19: Closed at 751.00. Trade pressures are down into the neutral zone. The next target up is 802. A close below 719 would signal lower.

7-19-19: Closed at 746.52. Trade pressures are up but turning down. Volumes are bearish. Short at 731.20.

 

NextEra Energy, Inc. (NEE) is making its first appearance on the Top 5 Stocks list, since we moved the stock from the Elite Dividend Payers Buy List to the High-Growth Investments Buy List in June. If you recall, NextEra Energy began operations back in 1925 as the Florida Power & Light Company and operated gas plants, power plants and water facilities, as well as laundry, ice and ice cream businesses.

Today, NextEra Energy is the largest utility company in the world. Through its two electric companies in Florida, a renewable energy business and several subsidiaries, NextEra Energy provides electricity, wind and sun energy, battery storage and nuclear power.

The company is expected to report second-quarter results in late July. The current consensus estimate calls for earnings of $2.29 per share and revenue of $4.54 billion, or 11.5% annual revenue growth and 8.5% annual earnings growth. Earnings per share estimates have been upped by $0.10 per share in the past three months, so a quarterly earnings surprise is likely. NEE is a Conservative buy below $218.

SOM Technicals:

6-28-19: Closed at 204.86. Trade pressures are down into the neutral zone. Volumes are bearish. The support level is 201, the uptrend stop line.

7-8-19: Closed at 208.11. Trade pressures are in the neutral zone. Volumes are bullish. The next target up is 211. 41.

7-13-19: Closed at 209.42. Trade pressures are up. Volumes are bullish. Consolidating above the 203.88 target.

7-19-19: Closed at 209.73. Trade pressures are up. Volumes are bullish. The next target up is 215.71.

 

 

Ubiquiti Networks, Inc. (UBNT) is a provider of high-performance networking products that are based on the company’s UNMS and UniFi software platforms. And the products are used by service providers and businesses around the world. In fact, Ubiquiti Networks has shipped about 85 million devices to more than 200 countries and territories.

As a result, the company achieved $1 billion in revenues in 2018, and has continued to add nicely to its top and bottom lines this year. For its fourth quarter in fiscal year 2019, to be announced in August, analysts are looking for 12.5% annual revenue growth and 14.9% annual earnings growth.

I should add that Ubiquiti Networks also pays a quarterly dividend. Most recently, the company paid a quarterly dividend of $0.25 per share on May 28. The stock has a 0.8% dividend yield. UBNT is a Moderately Aggressive buy below $149.

SOM Technicals:

5-25-19: Closed at 126.88. Trade pressures are down. Volumes are bearish. The 200 day MA is below at 116.51.

5-31-19: Closed at 120.31. Trade pressures are down. Volumes are neutral. Support is at 117.35, the 200 day MA.

6-15-19: Closed at 128.24. Trade pressures are up into the neutral zone. Volumes are bearish. Then 25×5 MA is acting as resistance.

6-22-19: Closed at 128.42. Trade pressures are in the neutral zone. Volumes are bearish. Support is at 120.65, the 200 day MA.

6-28-19: Closed at 131.50. Trade pressures are in the neutral zone. Volumes are bullish. support remains at 121, the 200 day MA.

7-8-19: Closed at 133.03. Trade pressures are up. Volumes are bullish. A new long at 137.92.

7-13-19: Closed at 129.97. Trade pressures remain in the neutral zone. Volumes are bearish. 123.15 is support at the 200 day MA.

7-19-19: Closed at 133.44. Trade pressures are up. Volumes are bullish. 137.92 is new long entry.

 

 

Elite Dividend Payers

Arbor Realty Trust (ABR) has strived to not just be a lender to the commercial and multifamily real estate markets, but to also be a partner in finding the right loan products for its customers. And it’s a strategy that’s paid off for more than 25 years. Arbor Realty began as a single-family lender, and today, it’s a leading multifamily lender in the U.S.

As a real estate investment trust (REIT), Arbor Realty Trust also continues to pay a dividend quarter after quarter. It has paid a dividend for 28-consecutive quarters, and consistently increased its dividend over this time, too. In the past five years alone, Arbor Realty Trust has upped its dividend by a stunning 115%.

Arbor Realty Trust has been able to grow its dividend thanks to its strong fundamentals. The REIT is expected to report second-quarter results in early August. The consensus estimate calls for 24% annual earnings growth—and earnings estimates have been revised slightly higher in the past month. ABR is Conservative buy below $13.

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.

4-27-19: Closed at 13.79. Trade pressures are up but in decline. Volumes are bullish. The next target up is 14.37.

5-4-19: Closed at 13.80. Trade pressures are down. Volumes are bullish. support at 13.58.

5-11-19: Closed at 13.05. Trade pressures are down. Volumes are bullish. At the prior high of 12.60.

5-18-19: Closed at 13.10. Trade pressures are up into the neutral zone. Volumes are neutral. Support at 12.50.

5-26-19: Closed at 12.94. Trade pressures are down into the neutral zone. Volumes are bearish. Support is at 12.50.

5-31-19: Closed at 12.31. Trade pressures are sown. Volumes are bearish. Support is at the 12.31 moving average.

6-15-19: Closed at 12.30. Trade pressures are down. Volumes are bearish. Sitting on support.

6-22-19: Closed at 12.27. Trade pressures are rising into the neutral zone. Volumes re bearish. Sitting on the 12.15. support line.

6-28-19: Closed at 12.12. Trade pressures are down.  Volumes closed Friday sharply bullish. The close was a test of the 200 day MA from the downside.

7-8-19: Closed at 12.33. Trade pressures are in the neutral zone. Volumes are bullish. Need a close above 12.54 to establish a new uptrend.

7-13-19: Closed at 12.42. Trade pressures are up. Volumes are bullish. In consolidation at the 200 day MA.

7-19-19: Closed at 12.11. Trade pressures are down into the neutral zone. Volumes are bearish. Riding the 200 day MA.

 

2. Capital Southwest Corporation (CSWC) was founded in 1961, but didn’t vote to become a business development company (BDC) until 1988. As a BDC, Capital Southwest Corporation provides flexible financing solutions for acquisitions, buyouts, capital investments and recapitalizations. And at the end of March, the company had total balance sheet assets of $522 million.

Interestingly, prior to 2015, Capital Southwest Corporation struggled to pay a significant dividend. But, over the past three years, the company’s dividend has surged an incredible 875%. CSWC paid a modest quarterly dividend of $0.04 per share in March 2016, and today (June 28), the company paid a quarterly dividend of $0.39 per share (plus, a special dividend of $0.10 per share).

Clearly, as the company’s business expanded over the years, Capital Southwest Corporation rewarded its shareholders. And the company still has strong forecasted earnings. For the first quarter in fiscal year 2020, CSWC is expected to report earnings of $0.40 per share, or 37.9% annual earnings growth. CSWC is a Conservative buy below $23.

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.

4-27-19: Closed at 21.40. Trade pressures are down. Volumes are bearish. Sitting on support at 21.39.

5-4-19: Closed at 21.80. Trade pressures are up into the neutral zone. Volumes are bullish. Side ways move.

5-11-19: Closed at 22.37. Trade pressures are up. Volumes are bullish. Met the 22.07 target and consolidating. Up in a down market.

5-18-19: Closed at 22.26. Trade pressures are up and declining. Volumes are bullish. At the 22.50 first target up. The next target up is 23.42. 

5-25-19: Closed at 22.20. Trade pressures are down into the neutral zone. Volumes are bearish. Support is at the 21.97 on the 25×5 MA.

5-31-19: Closed at 21.57. Trade pressures are down. Volumes are bearish. In a new downtrend support at 20.28.

6-15-19: Closed at 21.72. Trade pressures are neutral. Volumes are bearish. The next target up is 23.32.

6-22-19: Closed at 21.50. Trade pressures are don into the neutral zone. Volumes are bearish. Support at 20.41, the 200 day MA.

6-28-19: Closed at 20.65. Trade pressures are down. Volumes are bearish. the next target down is the 200 day MA at 20.47.

7-8-19: Closed at 21.07. Trade pressures are down. Volumes are bullish. Support is at 20.51.

7-13-19: Closed at 20.90. Trade pressures are down hard. Volumes are bearish. The next target down is the 200 day MA at 20.56. 

7-19-19: Closed at 21.13. Trade pressures are up into the neutral zone. Volumes are neutral. In a new uptrend, but need to break thru the resistance at 21.67.

 

Ingersoll-Rand PLC (IR) is an industrial manufacturer of goods for the commercial, industrial and residential markets—and we added it to the Elite Dividend Payers Buy List in May. Along with the Ingersoll-Rand brand, you may be familiar with a few of its other brands, including Thermo King, Trane, Club Car and American Standard.

Ingersoll-Rand offers a wide range of products from air compressors to power tools to lifting and material handling systems. The company provides reciprocating air compressors, oil-free compressors, air compressor dryers, drills, hammers, grinders, ratchets, hoists, winches, balancers and much more!

And for more than 21 years, Ingersoll-Rand has paid a quarterly dividend. In the past five years, the company has upped its quarterly dividend by 65%. Ingersoll-Rand paid a quarterly dividend of $0.53 per share today (June 28) to all shareholders of record on June 7. Its next dividend will be paid on September 30 to all shareholders of record on September 6. IR is a Conservative buy below $128.

SOM Technicals:

5-25-19: Closed at 120.20. Trade pressures are down. Volumes are neutral to bearish. The median line is support at 116.

5-31-19. Closed at 118.34. Trade pressures are down. Volumes are bearish. In a new downtrend with support at 116.

6-15-19: Closed at 124.68. Trade pressures are up. Volumes are neutral. The next target up is 130.42.

6-22-19: Closed at 125.19. Trade pressures are down into the neutral zone. Volumes are bullish.

6-28-19: Closed at 126.64. Trade pressures are down into the neutral zone. Volumes are bullish. In consolidation at the 126.17 upside target.

7-8-19: Closed at 124.81. Trade pressures are in the neutral zone. Volumes are bullish. Consolidating at the 126.17  upside target.

7-13-19: Closed at 126.62. Trade pressures are in the neutral zone. Volumes are now bullish. The next target up is 133.39.

7-19-19: Closed at 124.70. Trade pressures are down in the neutral zone. Volumes are bearish. Sitting on the 200 day MA.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.