Navellier Top 5 Stocks for March

The following is provided by Navellier with technical comment from South Ocean Management – pls do your own due diligence.
(For this 2021 year, SOM will track only the Top 5 Hi-Growth Investments.)

https://navelliergrowth.investorplace.com/

Navellier says,

High-Growth Investments

CrowdStrike Holdings, Inc.

CrowdStrike Holdings, Inc. (CRWD) is on a mission to thwart cyberattacks and data breaches on and off businesses’ networks. The company offers real-time endpoint security, threat intelligence and cloud workload protection. Through its CrowdStrike Falcon platform, it provides 16 modules for next-generation antivirus protection, firewall management, malware search engine and analysis, threat intelligence and threat hunting.

With more folks working remotely and businesses relying on the cloud to connect their employees and make their data/resources available, CrowdStrike’s software is more important than ever. So, it’s not too surprising that it’s seen a surge in customers recently. At the end of the third quarter, CrowdStrike had 8,416 total subscription counts, or an 85% year-over-year increase.

CrowdStrike is scheduled to announce fourth-quarter results on March 16, and analysts are anticipating blowout earnings and sales. For the fourth quarter, the company is expected to report earnings of $0.08 per share on $250.44 million in revenue. That’s up from an earnings per share loss of $0.02 and revenue of $152.11 million in the fourth quarter of 2019. Analysts have also increased earnings estimates by a whopping 700% in the past three months, so a quarterly earnings surprise is likely. CRWD is a Moderately Aggressive buy below $244.

SOM Technicals:

01-29-21: Closed at 215.80. Trade pressures are rising into the neutral zone. Volumes are bullish. In the down move with the overall market. The next target down is 180.62.

02-05-21: Closed at 223.53. Trade pressures are up. Volumes are bullish. Still in the downtrend, support at 223.

02-12-21: Closed at 242.10. Trade pressures are up. Volumes are bullish. Now at the 100% target for the November move up.

02-19-21: Closed at 239.20. Trade pressures are now down into the neutral zone. Volumes remain bullish. The next target down is 215.00.

02-26-21: Closed at 215.67. Trade pressures are down but rising. Volumes are bearish. The next target down is 193.36.

03-05-21: Closed at  183.12. Trade pressures are down. Volumes are bullish. Found support at 168.67, the Lower ML.

03-13-21: Closed at 199.00. Trade pressures are up but declining. Volumes are bearish. The next target up is 226.09, 

03-20-21: Closes at 194.63. Trade pressures are down. Volumes are bearish. The next target down is 169.71 with support at 177.00.

 

Logitech International

Logitech International (LOGI), like CrowdStrike, has benefited from more and more folks working remotely over the past year—and the great news is that trend isn’t going away any time soon. A recent survey by Gartner revealed that 80% of the companies it surveyed will permit at least part-time remote work and 47% will allow full-time remote work. So, home office supplies and communication equipment will remain in strong demand for the foreseeable future.

If you recall, Logitech provides keyboards, mice, iPad and tablet accessories, smartphone accessories, headsets, webcams, home security cameras, smart home devices, video conferencing tools and speakers. So, Logitech stands directly in line to continue benefiting from the work-from-home trend.

Back in January, Logitech revealed that it achieved earnings of $476 million, or $2.45 per share, and revenue of $1.67 billion in its third quarter in fiscal year 2021. That represented 214% year-over-year earnings growth and 85% year-over-year revenue growth. These stunning results inspired the analyst community to increase their outlooks for the fourth quarter.

For the fourth quarter in fiscal year 2021, analysts are looking for earnings of $0.76 per share and revenue of $1.05 billion. That’s up from earnings of $0.42 per share and revenue of $709.25 million in the fourth quarter of 2020. Analysts have upped earnings estimates by 49%, which bodes well for another quarterly earnings surprise. LOGI is a Conservative buy below $117.

SOM Technicals:

12-19-20: Closed at 94.85. Trade pressures are up. Volumes are bullish. In the move up from 86.80. The next target up is 99.86.

12-26-20: Closed at 92.96. Trade pressures are down into the neutral zone. Volumes are neutral. The next target up is the prior high at 95.94.

01-01-21: Closed at 97.19. Trade pressures are up. Volumes are bullish. The next target up is 99.86.

01-08-21: Closed at 104.85. Trade pressures are up. Volumes are bullish. Zipped thru the 99.86 level; at the 105.70 target. Expect some retracement.

01-16-21: Closed at 100.91. Trade pressures are down. Volumes are bearish. Now in the new short. The next target down is 97.12 which is also a support level.

01-22-21: Closed at 104.20. Trade pressures are up. Volumes are bullish. Testing the 105 highs.

02-26-21: Closed at 108.50. Trade pressures are down but rising. Volumes are neutral. The next target down is 102.28.

03-05-21: Closed at 95.19. Trade pressures are down. Volumes are bullish. Found support at the 91.99 downside target.

03-13-21: Closed at 98.96. Trade pressures are up. Volumes are bearish. The next target up is 102.26.

03-20-21: Closed at 101.67. Trade pressures are up. Volumes are bullish. The next target up is 105.86.

 

Novavax, Inc.

Novavax, Inc. (NVAX), our developer of vaccines for the toughest viruses in the world, announced this week that it plans to file for emergency use authorization (EUA) for its COVID-19 vaccine with the FDA in April. Based on its UK-based trials, the company recently revealed that its vaccine was 89.3% effective in preventing COVID-19. Novavax finished enrolling volunteers for its U.S.-based study this week and expects positive data at the beginning of April. After which, it will file for an EUA.

In the meantime, Novavax will post fourth-quarter results after the stock market closes on Monday, March 1. For the fourth quarter, Novavax is expected to report an earnings per share loss of $1.15, which compares to an earnings per share loss of $1.13 in the same quarter a year ago. Fourth-quarter revenue is forecast to surge 3,846.5% year-over-year to $347.92 million, up from $8.82 million in the fourth quarter of 2019.

Remember, Novavax is more of a speculative buy as the company is still in the midst of achieving profitability. But the good news is that first-quarter earnings estimates are outstanding: Analysts are expecting earnings of $2.93 per share, or 605.2% annual earnings growth. NVAX is an Aggressive buy below $364.

SOM Technicals:

9-26-20: Closed at 113.56. Trade pressures are up. Volumes are bullish. The next target up is 129.69.

10-11-20: Closed at 111.12. Trade pressures are up and trending. Volumes are bullish. The next target up is 129.00.

10-17-20: Closed at 107.04. Trade pressures are down. volumes are bearish. A close below 101 would signal lower.

10-24-20: Closed at 93.13. Trade pressures are down and trending. Volumes are bullish. the next target down is 73.45.

10-30-20: Closed at 80.71. Trade pressures are down but rising. The next target down is 73.45. A close above 117.39 would start a new move up.

11-07-20: Closed at 89.86. Trade pressures are up but reversing. Volumes are bullish. Need a close above the 25×5 at 98 to restart the move up.

11-14-20: Closed at 96.60. Trade pressures are up. Volumes are bullish. A close above 100 would signal higher.

11-20-20: Closed at 86.60. Trade pressures are down. Volumes are bearish. At resistance. The next target down is 73.45. A break of the resistance would signal higher to 117.39.

11-29-20: Closed at 126.20. Trade pressures are up. Volumes are neutral. Thru the 117 target and now at the 123 target. The next target up is 160.90.

12-05-20: Closed at 126.25. Trade pressures are up but declining. Volumes are neutral. In a retracement inside the move up. The next target down is 94.06.

12-11-20: Closed at 124.88. Trade pressures are up. Volumes are bearish. The next target up is 162.34.

12-19-20: Closed at 124.85. Trade pressures are up into the neutral zone. Volumes are neutral. Need a break above the 136.00 level to establish a new long.

12-29-20: Closed at 129.34. Trade pressures are up. Volumes are neutral. A close above 133.09 would signal a new move up.

01-01-21: Closed at 111.54. Trade pressures are down. Volumes are bearish. Closed below the 25×5 MA . The next target down is 94.09.

01-08-21: Closed at 121.69. Trade pressures are up but reversing. Volumes are bearish. The next target down is 94.09.

01 -16-21: Closed at 127.43. Trade pressures are up. Volumes are bullish. Have closed above the upper median line. the next target up is the prior high at 150.50.

01-22-21: Closed at 126.98. Trade pressures are down but rising. Volumes are bearish. Support is 105.70.

01-29-21: Closed at 220.69. Trade pressures are up. Volumes up huge on the vaccine trial news, but finished as neutral. The next target up is 248.09.

02-05-21: Closed at 290.18. Trade pressures are up. Volumes are now neutral. Past all near term targets. A double in 20% percent of the portfolio makes the returns soar.

02-12-21: Closed at 289.76. Trade pressures are down into the neutral zone. Volumes are neutral. The next target down is 275.27.

02-19-21: Closed at 277.88. Trade pressures are rising into the neutral zone. Volumes are now neutral. Bounced off support at 250.00.

02-26-21: Closed at 238.42. Trade pressures are down. Volumes are bearish. The next target down is 149.15.

03-05-21: Closed at 174.84. Trade pressures are down. Volumes are bullish. Found support at the 149.15 downside target.

03-13-21: Closed at 202.77. Trade pressures are up. Volumes are bullish. The next target up is 260.18.

03-20-21: Closed at 228.25. Trade pressures are up but declining. Volumes are bullish. The next target up is 260.18.

 

United Microelectronics Corporation

United Microelectronics Corporation (UMC) shares have pulled back a bit from the all-time highs achieved in early February, and that’s giving us a great opportunity to scoop up shares of this semiconductor company. Based in Taiwan, UMC provides foundry services, developing and manufacturing integrated circuits (ICs), and its wafers are used by every corner of the electronics industry. So, it’s not surprising that UMC’s business is booming.

In the fourth quarter, UMC achieved earnings of $0.16 per ADS, or 166.7% year-over-year earnings growth, and revenue of $1.59 billion. The consensus estimate called for earnings of $0.06 per ADS and revenue of $1.57 billion, so UMC posted a whopping 166.7% earnings surprise and a slight revenue surprise. The company also reported 19.3% annual revenue growth and 200.7% annual revenue growth for fiscal year 2021.

Given the global semiconductor shortage right now, many chip manufacturers like UMC are scrambling to increase production to better keep up with demand. As a result, analysts expect UMC’s earnings and revenue to continue to expand in 2021.

For the first quarter, earnings per ADS are forecast to soar 166.7% year-over-year to $0.08 per share and revenue is expected to grow 19.7% year-over-year to $1.68 billion. Earnings estimates have nearly doubled in the past month, too, so another quarterly earnings surprise is likely. UMC is a Moderately Aggressive buy below $11.

SOM Technicals:

12-19-20: Closed at 8.13. Trade pressures are up. Volumes are neutral. Support is at 7.69.

12-26-20: Closed at 8.29. Trade pressures are up. Volumes are neutral. Support is at 7.69. 

01-01-21: Closed at 8.43. Trade pressures are down into the neutral zone. Volumes are neutral. Support is now 7.90.

01-08-21: Closed at 8.52. Trade pressures are up. Volumes are bearish. Support is now 7.90.

01-16-21: Closed at 8.78. Trade pressures are down into the neutral zone. Volumes are bearish. Sharp pull back off the 9.64 high. The next target down is 8.43.

01-22-21: Closed at 10.27. Trade pressures are up. Volumes are bullish. The next target up is 10.77.

01-29-21: Closed at 9.05. Trade pressures are down. Volumes are bearish. At support.

02-05-21: Closed at 9.62. Trade pressures are up. Volumes are bullish. The next target up is 10.77.

02-12-21: Closed at 10.78. Trade pressures are up. Volumes ae bullish. The next target up is 11.46.

02-19-21: Closed at 10.33. Trade pressures are rising into the neutral zone. Volumes are bullish. The next target up is 10.77.

02-26-21: Closed at 9.74. Trade pressures are down. Volumes are bearish. The next target down is 9.23.

03-05-21: Closed at 8.61. Trade pressures are down. Volumes are bullish. Support just above the prior low of 7.85.

03-13-21: Closed at 8.78. Trade pressures are up. Volumes are bearish. The next target up is 9.98.

03-20-21: Closed at 8.23. Trade pressures are down. Volumes are bearish. Support at 7.75.

 

Zoom Video Communications, Inc.

Zoom Video Communications, Inc. (ZM) is making its ninth-straight appearance on the Top 5 Stocks list—and for good reason: The company’s business is zooming!

A recent report by MarketsAndMarkets revealed that the enterprise video market, which includes Zoom, is expected to reach $25.6 billion by 2025. Or, in other words, it’s forecast to rise at a 9.3% compound annual growth rate (CAGR). The report also noted that cloud video solutions are anticipated to accelerate during this timeframe, and that’s great news for Zoom.

Already, the analyst community is expecting the company’s top and bottom lines to more than double for the foreseeable future. Take the fourth quarter, for example. Zoom will announce fourth-quarter results on Monday, March 1, and the consensus estimate calls for earnings to surge 426.7% year-over-year to $0.79 per share. Fourth-quarter revenue is forecast to soar 331.2% year-over-year to $811.77 million.

For fiscal year 2020, Zoom is also expected to achieve 314.5% annual revenue growth and 731.4% annual earnings growth. Analysts have also upped fourth-quarter and full-year earnings estimates over the past three months, so Monday’s earnings release is lining up to be an outstanding one. ZM is a Moderately Aggressive buy below $453.

SOM Technicals:

7-30-20: Closed at 253.91. Trade pressures are down but rising into the neutral zone. Volumes are bearish. The next target down is 209.79.

8-7-20: Closed at 258.73. Trade pressures are down. Volumes are Bearish. The next target down is 239.12.

8-15-20: Closed at 244.91. Trade pressures are up. Volumes are bearish. Rising into net bearish volumes after reaching the 227.53. target. Need to get thru the 25×5 MA at 254.63, otherwise more downside.

8-21-20: Closed at 289.68. Trade pressures are up and trending. Volumes are bullish. The resistance was non- existent. A new long entry was triggered at 271.00.

8-29-20: Closed at 299.27. Trade pressures are up. Volumes are bullish. The next target up is 314.82.

9-5-20: Closed at 369.89. Trade pressures are down into the neutral zone. Volumes are bullish. The next target down is 314.78 which would close the gap up. 

9-12-20: Closed at 383.00. Trade pressures are now up. Volumes are bearish. A close below 376 would signal a new leg down.

9-19-20: Closed at 438.73. Trade pressures are up. Volumes are bullish. In the new move after a back test to try to close the gap at 345. The next target up is 470.76.

9-26-20: Closed at 496.50. Trade pressures are up but declining. Volumes are now neutral. The next target down is 452.23.

10-11-20: Closed at 492.41. Trade pressures up Volumes are bullish. The next target up is the 529.74  prior high.

10-17-20: Closed at 559.00. Trade pressures are up and trending. Volumes are bullish. the next target up is 594.76.

10-24-20: Closed at 511.52. Trade pressures are down. Volumes are bearish. The next target down is 487.96.

10-30-20: Closed at 460.91. Trade pressures are down. Volumes are bearish. The next target down is 446.50.

11-07-20: Closed at 500.11. Trade pressures are up. Volumes are bullish. Need to clear the 25×5 resistance at 501.00.

11-14-20: Closed at 403.68. Trade pressures are up into the neutral zone. Volumes are bearish. The next target down is 357.00.

11-20-20: Closed at 439.60. Trade pressures are up. Volumes are now bullish. The next target up is resistance at 470.00.

11-29-20: Closed at 471.61. Trade pressures are up. Volumes are bullish. At the 470.75 target.  The next target up is 505.88.

12-05-20: Closed at 410.01. Trade pressures are down. Volumes are bearish. At lower wedge support. The next target down is a retest of the prior low at 366.28.

12-11-20: Closed at 397.01. Trade pressures are down but rising. Volumes are bearish. The next target down is 357.46.

12-19-20: Closed at 406.01. Trade pressures are up. Volumes are bullish. Need a break above the 25×5 MA to restart the move up. 

12-26-20: Closed at 375.17. Trade pressures are down. Volumes are bearish. The next target down is 357.04.

01-01-21: Closed at 337.32. Trade pressures are down. Volumes are bearish. The next target down is the 200 day MA at 308.06.

01-08-21: Closed at 349.61. Trade pressures are rising into the neutral zone. Volumes are bearish. The next target down is the 200 day MA at 313 which should act as support.

01-16-21: Closed at 384.53. Trade pressures are up. Volumes are bearish. Support is at 339, the lower median line.

01-22-21: Closed at 383.40. Trade pressures are down. Volumes are bullish. The next target up is 462.81.

01-29-21: Closed at 372.07. Trade pressures are down. Volumes are bearish. The next target down is 357.04. 

02-05-21: Closed at 419.60. Trade pressures are up. Volumes are bullish. A Friday breakout sees new upside targets.

02-12-21: Closed at 433.11. Trade pressures are up but reversing. Volumes are bullish. the next target up is 462.

02-19-21: Closed at 417.26. Trade pressures are down. Volumes are bearish. The 451 upside target acted as resistance.

02-26-21: Closed at 377.00. Trade pressures are down. Volumes are bullish. The next target down is 322.90.

03-05-21: Closed at 337.43. Trade pressures are down. Volumes are bullish. The next target down is 292.49.

03-13-21: Closed at 346.39. Trade pressures are up. Volumes are bearish. The next target up is 369.33.

03-20-21: Closed at 326.26. Trade pressures are down. Volumes are bearish. At support need a close above 33.64 to get going.