Navellier TOP Stocks for November

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

Arch Capital Group Ltd.

Arch Capital Group Ltd. (ACGL) was added to the High-Growth Investments Buy List in October, so it’s making its first appearance on the Top 5 Stocks list this month. If you recall, Arch Capital Group is a global leader in providing property, casualty and mortgage insurance and reinsurance products.

Through its three main businesses, Arch Capital Group offers a variety of risk solutions and insurance coverage, as well as treaty and facultative property and casualty reinsurance. And the company also focuses on private mortgage insurance, quota share reinsurance and risk-sharing products.

After the stock market closes on Tuesday, October 29, Arch Capital Group will release earnings and sales results for the third quarter. The analyst community is looking for earnings of $0.62 per share on $1.28 billion in revenue, which represents 8.6% annual revenue growth and 5.1% annual earnings growth. Analysts’ estimates have fluctuated slightly in the past three months, but the company has posted a positive earnings surprise in each of the last four quarters. So, I’m expecting another solid report. ACGL is a Conservative buy below $44.

SOM Technicals:

10-25-19: Closed at 40.80. Trade pressures are up but turning down. Volumes are Neutral. At the 39.05 target levels and in consolidation.

11-2-19: Closed at 41.82. Trade pressures are up. Volumes are bullish. At weekly resistances.

11-9-19: Closed at 40.58. Trade pressures are down. Volumes are bearish. The next target down is 38.93.

11-16-19: Closed at 40.63. Trade pressures are down but rising. Volumes are bearish. In the down trend. The next target down is 39.25.

 

AutoZone, Inc.

AutoZone, Inc. (AZO) is quite popular with the do-it-yourself mechanic. The company is a leading retailer and provider of automotive parts and accessories in the U.S. AutoZone has more than 6,000 retail stores in all 50 U.S. states, as well as in Washington, D.C., Puerto Rico, Mexico and Brazil. And it not only provides knowledgeable staff to answer automotive questions, AutoZone also offers several free services, including battery testing and charging.

In late September, the company revealed earnings and sales results for its fiscal year 2019. AutoZone achieved earnings of $16 billion, or $63.43 per share, and sales of $11.9 billion. That represented 20.9% annual earnings growth and 5.7% annual sales growth.

AutoZone isn’t expected to release results for its first quarter of fiscal year 2020 until December. Currently, the company is anticipated to announce earnings of $13.82 per share, up from $13.47 per share in the same quarter a year ago. First-quarter sales are forecast to come in at $2.77 billion. AZO is a Conservative buy below $1,212.

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 1172.25. Trade pressures are up but turning down. Volumes are still bullish. The next target up is 1196.79.

7-28-19: Closed at 1146.18. Trade pressures are down into the neutral zone. Volumes are bearish. Support at 1133.

8-3-19: Closed at 1096.12. Trade pressures are down. Volumes are bearish. Next support is at the 1010 lower median line.

8-10-19: Closed at 1088.66. Trade pressures are down., Volumes are bearish. Lower median line support at 1016.

8-17-19: Closed at 1091.74. Trade pressures are down but rising. Volumes are bullish. resistance at 1122.

8-25-19: Closed at 1065.28. Trade pressures are up into the neutral zone. Volumes are bearish. Support at 1027.

8-31-19: Closed at 1101.69. Trade pressures are up in the neutral zone. Volumes are bearish. At the 25×5 MA resistance.

9-7-19: Closed at 1143.34. Trade pressures are up. Volumes are bullish. The next target up is 1198.

9-14-19: Closed at 1149.26. Trade pressures are up. Volumes are bullish. the next target up is 1198.79.

9-20-19: Closed at 1159.37. Trade pressures are up. Volumes are bullish. Next target up is 1198.

9-28-19: Closed at 1085.65. Trade pressures are down into the neutral zone. Volumes are neutral.

10-4-19: Closed at 1060.33. Trade pressures are down. Volumes are neutral. Support at 1018, the 200 day MA.

10-18-19: Closed at 1110. Trade pressures are up. Volumes are bullish. Through the 25×5 resistance at 1109.

10-25-19: Closed at 1129.47. Trade pressures are up. Volumes are bullish. Next target up is 1180.

11-2-19: Closed at 1156.25. Trade pressures are up. Volumes are bullish. Next target up is 1198.79.

11-91-9; Closed at 1165.86. Trade pressures are up. Volumes are bullish. The next target up is 1198.79.

11-16-19: Closed at 1171.88. Trade pressures are up. Volumes are bullish. The next target up is 1198.79.

 

Chipotle Mexican Grill

Chipotle Mexican Grill (CMG) isn’t your typical fast food restaurant chain. The company prepares Mexican-inspired dishes by hand, using only 51 ingredients and cooking the food in a real kitchen. More often than not, when you step inside a Chipotle restaurant, you can see the chicken or steak sizzling on the hot griddle behind the order counter.

On Tuesday afternoon, Chipotle Mexican Grill smashed analysts’ earnings and sales forecasts for the third quarter. During the quarter, the company achieved adjusted earnings of $3.82 per share, or 76.9% annual earnings growth. Analysts were expecting earnings of $3.22 per share, so CMG posted an 18.6% earnings surprise.

Chipotle Mexican Grill also reported that revenue rose 14.6% year-over-year to $1.4 billion, topping forecasts for $1.38 billion. The Mexican restaurant chain also noted that comparable restaurant sales grew 11% and digital sales soared 87.9%. And the company opened 25 new restaurants in the quarter. CMG is a Moderately Aggressive buy below $859.

SOM Technicals:

10-25-19: Closed at 787.87. Trade pressures are down. Volumes are bearish. Median line support at 766.

11-2-19: Closed at 768.63. Trade pressures are down. Volumes are bearish. At the median line support. 200 Day MA is at 721.00.

11-91-19; Closed at 731.62. Trade pressures are down. Volumes are bearish. Near the 200 day MA support at 731.62.

11-16-19: Closed at 754.66. Trade pressures are up into the neutral zone. Volumes are bullish. The 200 day acting as support.

 

NextEra Energy, Inc.

NextEra Energy, Inc. (NEE) is the largest utility company in the world, as it generates more wind and solar energy than any other company. The company is also a global leader in battery storage. During the third quarter, NextEra Energy added 1,375 megawatts of renewables projects to its backlog. It now totals more than 12,300 megawatts.

Also, for the third quarter, NextEra Energy reported that adjusted earnings increased 12% year-over-year to $1.163 billion, or $2.39 per share, up from $1.038 billion, or $2.17 per share, in the same quarter a year ago. Analysts were expecting adjusted earnings of $2.29 per share, so NEE posted a 4.4% earnings surprise.

For fiscal year 2019, NextEra Energy reiterated that it expects adjusted earnings per share of about $8.32. If achieved, that would represent 8.1% annual earnings growth. The company also recently announced that it will pay a quarterly dividend of $1.25 per share on December 16. All shareholders of record on November 29 will receive the dividend. NEE is a Conservative buy below $253.

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.

7-28-19: Closed at 209.17. Trade pressures are down into the neutral zone. Volumes are bearish. Support is at 203.72.

8-3-19: Closed at 211.41. Trade pressures are in the neutral zone. Volumes are bullish. Still in the move up and at the 25×5 MA as support.

8-10-19: Closed at 216.40. Trade pressures are neutral. Volumes are bullish. At the 215.71 upside target , expect some consolidation here.

8-17-19: Closed at 217.53. Trade pressures rising in the neutral zone. Volumes are bullish. The next target up is 228.04.

8-25-19: Closed at 221.90. Trade pressures are up. Volumes are bearish. Next target up is 228.04.

8-31-19: Closed at 219.08. Trade pressures are up but turning down. Volumes are bearish. Support at 216. 25.

9-7-19: Closed at 220.14. Trade pressures are down into the neutral zone. Volumes are neutral. support is at the 215.71 prior upside target .

9-14-19: closed at 216.19. Trade pressures are down. Volumes are bearish. At the 25x5MA support line now at 219.84.

9-20-19: Closed at 225.72. Trade pressures are up. Volumes are bullish. New cup and handle with the next target up at 228.04.

9-28-19: Closed at 231.26. Trade pressures are up. Volumes are bullish. 233.27 is the next target up.

10-4-19: Closed at 233.59. Trade pressures are up. Volumes are bullish. At the 233.27 target, expect consolidation.

10-18-19: Closed at 232.48. Trade pressures are up into the neutral ,zone. Volumes are bullish. 233.27 is the next target up, very near.

10-25-19: Closed at 236.88. Trade pressures are up. Volumes are neutral. just above the 233.37 target and in consolidation.

11-2-19: Closed at 235.71. Trade pressures are down into the neutral zone. In consolidation at the 233.27 upside target.

11-919: Closed at 222.08. Trade pressures are down. volumes are bearish. The next target down is 219.74.

11-16-19: Closed at 231.42. Trade pressures are rising in the neutral zone. Volumes are bullish. rising into the 25×5 MA. Expect resistance here.

 

Sun Communities, Inc.

Sun Communities, Inc. (SUI) is a North American REIT that provides affordable housing options in manufactured homes and RV communities. Sun Communities owns and/or operates 379 communities in 31 U.S. states, including retirement housing options in Arizona and California. Also, the REIT has several RV resort offerings, with RV sites, campsites, vacation homes and rentals.

On Wednesday, Sun Communities posted earnings results for its third quarter. The REIT reported that total revenue rose 12.1% year-over-year to $362.4 million, up from $323.4 million in the same quarter a year ago. Earnings jumped 23.6% year-over-year to $57 million, or $0.63 per share, compared to $46.1 million, or $0.56 per share in the third quarter of 2018. The consensus estimate called for earnings of $0.68 per share on sales of $268.2 million. So, Sun Communities posted a 7.4% earnings miss and 35% sales surprise.

Looking forward, Sun Communities lowered its full-year outlook slightly. The REIT now expects earnings per share between $1.77 and $1.81, down from previous guidance for $1.81 to $1.87. The new earnings outlook is still nicely higher than current analysts’ forecasts for $1.73 per share. Core FFO is forecast to be between $4.86 per share and $4.90 per share. SUI is a Conservative buy below $169.

SOM Technicals:

7-28-19: Closed at 133.16. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is 132.85.

8-3-19: Closed at 134.98. Trade pressures are in the neutral zone. Volumes are bullish. Orderly price movement above the upper median line.

8-10-19: closed at 141.23. Trade pressures are rising in the neutral zone. volumes are bullish. Near the 141.88 upside target.

8-17-19: closed at 146.03. Trade pressures are up. Volumes are bullish. The next target up is 149.12.

8-25-19: Closed at 147.82. Trade pressures are up. Volumes are bullish. Touched the 150 high and pulled back with this market.

8-31-19: Closed at 147.30. Trade pressures are up. Volumes are bullish. New highs in a choppy market.

9-7-19: Closed at 149.51. Trade pressures are up. Volumes are neutral. Support is now 144.55.

9-14-19: Closed at 145.66. Trade pressures are down into the neutral zone. Volumes are bearish. Off the lows for the week and above the 25×5 MA.

9-20-19: Closed at 149.83. Trade pressures are up. Volumes are bullish. Continues to rally but resistance comes in at 152.

9-28-19: Closed at 148.28. Trade pressures are up but declining. Volumes are bearish. At the 25×5 support level.

10-4-19: Closed at 152.25. Trade pressures are down into the neutral zone. Volumes are bullish. The break thru the resistance starts a new uptrend.

10-18-19: Closed at 155.79. Trade pressures are up. Volumes are bullish. The next target up is 170.14.

10-25-19: Closed at 157.43. Trade pressures are up. Volumes are neutral. Thru the new long entry at 149.57 and the next target up is 170.14.

11-2-19: Closed at 162.71. Trade pressures are up. Volumes are bullish. The next target up is 170.14.

11-19-19: Closed at 153.80. Trade pressures are down. Volumes are bearish. Consolidating at the 25×5 MA.

11-16-19: Closed at 159.43. Trade pressures are up. Volumes are bullish. The 25×5 held support. The next target up is 170.14.

 

Elite Dividend Payers

Great Ajax Corp.

Great Ajax Corp. (AJX) is making its second-straight appearance on the Top Stocks list since we added it to the Elite Dividend Payers Buy List in the September Monthly Issue. If you recall, Great Ajax Corp. has no association with the popular Ajax cleaning products. Rather, Great Ajax Corp. is a real estate investment trust (REIT) that manages a portfolio of mortgage loans for single-family properties.

Now, we have several REITs in the Elite Dividend Payers Buy List, and the reason why is simple: REITs are required to distribute at least 90% of taxable income to shareholders in the form of dividends. The most-recent quarterly payment was $0.32 per share. AJX has paid a dividend for 17-straight quarters, has a current dividend yield of 8.2% and earns an A-rating in Dividend Grader.

But that’s not all. Great Ajax Corp. also earnings an A-rating in Portfolio Grader, which means it offers a solid mix of income and growth. The REIT is expected to release third-quarter results in early November. The consensus estimate currently calls for earnings of $0.38 per share and revenue of $15.98 million, or 8.3% annual revenue growth and 11.8% annual earnings growth. AJX is a Conservative buy below $16.

SOM Technicals:

9-28-19: Closed at 15.28. Trade pressures are up but turning down. Volumes are bearish. At the 15.25 target expect consolidation.

10-4-19: Closed at 15.35. Trade pressures are up but down near the neutral zone. Volumes are bearish. In consolidation.

10-18-19: Closed at 15.60. Trade pressures are up. Volumes are bullish. Consolidating at the 15.35 target.

10-25-19: Closed at 15.37. Trade pressures are down. Volumes are bearish. 15.22 signals a new downtrend.

11-2-19: Closed at 15.79. Trade pressures are up. Volumes are bullish. In consolidation above the 25×5 MA at 15.57.

11-9-19: Closed at 15.42. Trade pressures are down. Volumes are neutral. At the 25×5 resistance. Expect lower.

11-16-19: Closed at 15.04. Trade pressures are down in the neutral zone. Volumes are bearish. The lower median line at 14.70 should act as support.

 

Coca-Cola European Partners

Coca-Cola European Partners (CCEP) also continues to earn an AA-rating, which is why the stock is making its fourth-straight appearance on the Top Stocks list this month. Coca-Cola European Partners is the largest independent Coca-Cola bottler in the world. The popular soft drink brand is distributed in 13 countries and to more than 300 million people around the globe.

The company plans to announce third-quarter results on Tuesday, October 29. Analysts expect earnings to grow 10.5% year-over-year to $0.42 per share, up from $0.38 per share in the same quarter a year ago. Analysts’ estimates have remained fairly steady over the past three months, but CCEP has posted a positive earnings surprise in each of the last four quarters. So, I wouldn’t be surprised if the company reveals even stronger results.

In addition, Coca-Cola European Partners has paid a quarterly dividend for a whopping 125-straight quarters, or 31 years. The stock currently has a 4.7% dividend yield. CCEP is a Conservative buy below $57.

SOM Technicals:

7-28-19: Closed at 57.33. Trade pressures are in the neutral zone. Volumes are bullish. Consolidating at the 56.49 target. The next target up is 58.58.

8-3-19: Closed at 55.46. Trade pressure are down in the neutral zone. Volumes are bearish. Support at the lower median line at 54.70.

8-10-19: Closed at 55.57. Trade pressures are rising into the neutral zone. Volumes are bullish. The lower median line at 54.50 has acted as support.

8-17-19: Closed at 55.10. Trade pressures are rising in the neutral zone. Volumes are bearish. The next target down is the 200 day MA at 51.19.

8-25-19: Closed at 54.19. Trade pressures are up into the neutral zone. Volumes are bearish. Support at 51.42.

8-31-19: Closed at 56.34. Trade pressures are up. Volumes are bullish. Near a new uptrend breakout at 56.67.

9-7-19: Closed at 55.68. Trade pressures are up but turning down. Volumes are bearish. Testing the resistance at 56.72.

9-14-19: Closed at 55.78. Trade pressures are rising in the neutral zone. Volumes are bearish. testing the upside resistance at 56.72.

9-20-19: Closed at the 56.10. Trade pressures are in the neutral zone. Volumes are bullish. Need a break above the 56.70 resistance level.

9-28-19: Closed at 55.04. Trade pressures are in the neutral zone. Volumes are bearish. Sitting on the median line.

10-4-19: Closed at 56.30. Trade pressures are in the neutral zone. Volumes are bullish. Grinding side ways, the resistance is constantly being tested. Should have a breakout soon.

10-18-19: Closed at 58.77. Trade pressures are up. Volumes are bullish. The next target up is 59.15.

10-25-19: closed at 54.19. Trade pressures are down into the neutral zone. Volumes are bullish. The 200 day has acted as support.

11-2-19: Closed at 53.85. Trade pressures are down. Volumes are bearish. At the 200 day MA support level.

11-9-19: Closed at 55.96. Trade pressures are down. Volumes are bearish. At the down side target of 51.24. In consolidation.

11-16-19: Closed at 51.77. Trade pressures are down but rising. Volumes are neutral. Consolidating at the median line and below the 200 day MA.

 

First American Financial Corporation

First American Financial Corporation (FAF) opened its doors back in 1889 in Orange County, California, to handle home titles in the area. Over the past 130 years, the company has expanded to provide title insurance services and products to help homebuyers, sellers, real estate agents, mortgage lenders, homebuilders, title agencies and legal professionals through residential and commercial property transactions. And its services are available in the U.S., as well as in Canada, Mexico, Korea, Hong Kong, Australia and England.

On Thursday, First American Financial Corporation posted earnings results for its third quarter in fiscal year 2019. The title insurance provider reported third-quarter earnings of $1.65 per share and total revenue of $1.7 billion. The consensus estimate called for earnings of $1.44 per share and total revenue of $1.63 billion, so FAF posted a 14.6% earnings surprise and a slight revenue surprise.

I should add that First American Financial Corporation has paid a dividend for 37-straight quarters. Most recently, the company paid a dividend of $0.42 per share in September. The stock has a 2.8% dividend yield. FAF is a Conservative buy below $67.

SOM Technicals:

10-25-19: Closed at 62.22. Trade pressures are up. Volumes are neutral. A breakout above the upper median line at 60.35 sets up the next target up at 65.26.

11-21-19: Closed at 61.98. Trade pressures are up. Volumes are bullish. Had the breakout. The next target up is 65.25.

11-9-19: Closed at 62.74. Trade pressures are up. Volumes are bullish. The next target up is 65.26.

11-16-19: Closed at 63.90. Trade pressures are up. Volumes are bullish. The next target up is 65.26.

 

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