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
Cenovus Energy, Inc.
Cenovus Energy, Inc. (CVE) was a new addition in the May Monthly Issue. You may recall that the company is a leading natural gas producer and refiner in Canada, with oil sands projects, thermal and conventional oil and gas operations, offshore oil production and offshore gas and liquefied natural gas (LNG) production.
And the Middle East chaos is adding directly to its top and bottom lines. In the first quarter, Cenovus Energy reported that upstream production rose 19% year-over-year to 972,100 barrels of oil equivalent per day, setting a new record for the company. Offshore production grew 6% quarter-over-quarter to 75,400 barrels of oil equivalent per day.
First-quarter earnings increased 82.8% year-over-year to $1.57 billion, or $0.83 per share, and total revenue rose 13.8% year-over-year to $12.4 billion. The consensus estimate called for earnings of $0.55 per share on $13.73 billion in revenue.
Over the past three months, analysts have upped earnings estimates by a whopping 506.7%. Second-quarter earnings are now forecast to surge 264% year-over-year to $0.91 per share. As you know, positive analyst revisions typically precede future earnings surprises. CVE is a Conservative buy below $32.
SOM Technicals:
5-23-26: Closed at 30.05. Trade pressure are down. Volumes are bearish. The next target down is 28.95. 31.12 would signal higher.
5-30-26: Closed at 27.91. Trade pressures are down. Volumes are bearish. The next target down is 27.02. 28.69 would signal higher.
6-6-26: Closed at 28.50. Trade pressure are down. Volumes are bearish. The next target down is 27.02. 30.26 wuld signal higher.
Ciena Corporation
Ciena Corporation (CIEN) continues to benefit from the AI Revolution as a leader in connectivity, providing optical networking systems and software that support increasing bandwidth demand and help its customers thrive in the AI economy. Strong demand for its solutions likely added handsomely to its top and bottom lines in the most recent quarter.
Ciena is scheduled to release results for its second quarter in fiscal year 2026 on June 4. Second-quarter earnings are forecast to soar 247.6% year-over-year to $1.46 per share. Analysts have also increased earnings estimates over the past three months, which bodes well for a fourth-straight quarterly earnings surprise.
Second-quarter revenue is expected to grow 33.3% year-over-year to $1.5 billion. CIEN is a Moderately Aggressive buy below $685.
SOM Technicals:
3-27-26: Closed at 399.50. Trade pressures are down. Volumes are bearish. The next target down is 362.38. Bullish above 410.00.
4-11-26: Closed at 496.02. Trade pressures are up. Volumes are bullish. The next target up is the prior high at 513.49. 467.61 is bearish.
4-18-26: Closed at 507.43. Trade pressures are up. Volumes are bullish. the next target up is 541.07. 434.81 is bearish.
4-24-26: Closed at 520.80. Trade pressures are up off the neutral zone. volumes are bullish. The next target up is 531.76. 485.16 is bearish.
5-1-26: Closed at 535.02. Trade pressures are up. Volumes are bullish. The next target up is 585.50. 475.00 is bearish.
5-8-26: Closed at 550.68. Trade pressures are down into the neutral zone. Volumes are neutral. The next target down is 486.75. 579.05 would signal bullish.
5-18-26: Price at 525.89. Trade pressures are down. Volumes are bearish. The next target down is 511.33. 566 would signal higher.
5-23-26: Closed at 580.89. Trade pressures are up. Volumes are bullish. The next target up is 599.17.
5-30-26: Closed at 578.19. Trade pressures are down. Volumes are bullish. The next target up is 598.18. 542.57 would signal lower.
6-6-26: Closed at 476.01. Trade pressures are down. Volumes are bearish. The next target down is 475.90. 541.38 would signal higher.
Coherent Corp.
Coherent Corp. (COHR) continues to capitalize on one of the most fundamental problems in the AI data center boom: moving data at the speed light demands. The company’s laser systems, transceivers and precision optics replace electrical signals with light – and with AI clusters pushing data volumes to new extremes, demand for Coherent’s photonics solutions has never been stronger.
For its third quarter in fiscal year 2026, Coherent achieved total revenue of $1.81 billion and earnings of $1.41 per share. That represented 21% year-over-year revenue growth and 55% year-over-year earnings growth. The consensus estimate called for earnings of $1.39 per share and revenue of $1.78 billion.
Following the better-than-expected quarterly results, analysts increased fourth-quarter earnings estimates in the past month. Earnings are now forecast to jump 62% year-over-year to $1.62 per share. Revenue is expected to grow 29.4% year-over-year to $1.98 billion. COHR is a Moderately Aggressive buy below $430.
SOM Technicals:
4-24-26: Closed at 336.09. Trade pressures are down into the neutral zone. Volumes are bearish. The next target down is 322.48. 343.64 is bullish.
5-1-26: Closed at 333.20. Trade pressures are up. Volumes are neutral. The next target up is 328.31. 309.35 is bearish.
5-8-26: Closed at 333.67. Trade pressures are down. Volumes are bullish. The next target down is 303.24. 359.56 signals higher.
5-18-26: Price at 359.24. Trade pressures are down. Volumes are bearish. The next target down is 339.20. 385 would signal higher.
5-23-26: Closed at 376.09. Trade pressures are up. Volumes are bearish. The next target up is 402.66. 358.03 would signal lower.
5-30-26: Closed at 368.35. Trade pressures are down. Volumes are bullish. The next target down is 339.20. 383.55 would signal higher.
6-6-26: Closed at 369.90. Trade pressures are down. Volumes are bearish. The next target down is 363.70. 401.70 would signal higher.
Comfort Systems USA, Inc.
Comfort Systems USA, Inc. (FIX) remains one of the best ways to benefit from the data center boom. The company provides electrical, mechanical and plumbing systems – primarily installing and maintaining HVAC and electrical systems, plumbing and piping that are vital to new data center builds and other industrial and commercial buildings.
And its backlog tells the story. Comfort Systems reported that its backlog nearly doubled in 2025 to $11.94 billion. So, its earnings and sales momentum will continue to accelerate in the coming months as it fills these orders.
For the second quarter in fiscal year 2026, analysts expect earnings of $10.38 per share and total revenue of $2.99 billion. That represents 59% year-over-year earnings growth and 37.4% year-over-year revenue growth. Analysts have also upped earnings estimates by 29.3% in the past three months, so another quarterly earnings surprise is likely. FIX is a Conservative buy below $2,080.
SOM Technicals:
3-27-26: Closed at 1365.37. Trade pressures are down. Volumes are bearish. The next target down is 1329.03. Bullish above 1411.
4-11-26: Closed at 1592.84. Trade pressures are up. Volumes are bullish. The next target up is 1635.41. 1529.09 is bearish.
4-18-26: Closed at 1650.47. Trade pressures are up but turning down. Volumes are bullish. The next target up is 1660.37. 1534.57 is bearish.
4-24-26: Closed at 1720.50. Trade pressures are up but declining. Volumes are bearish. The next target down is 1681.06. 1767 is bullish.
5-1-26: Closed at 1867.02. Trade pressures are up. Volumes are bullish. The next target up is 1981.40. 1768 is bearish.
5-8-26: Closed at 1952.37. Trade pressures are up. Volumes are bullish. The next target up is 2022.33. 1917 signals lower.
5-18-26: Price is 1849.80. Trade pressures are down. Volumes are bearish. The next target down is 1833.53. 2037 would signal higher.
5-23-26: Closed at 1828.25. Trade pressures are down, but rising. Volumes are bearish. The next target down is 1656.66. 1903.31 would signal higher.
5-30-26: Closed at 1820.18. Trade pressures are down. Volumes are bearish. The next target down is 1700.64. 1914.24 would signal higher.
6-626: Closed at 1828.43. Trade pressures are down. Volumes remain bullish. The next target down is 1692.59. 1955.71 would signal higher.
Seagate Technology Holdings plc
Every AI model, every data center query, every machine learning run produces data that has to live somewhere. Seagate Technology Holdings plc (STX) builds the hard drives that store it. The company is a global leader in storage with more than four zettabytes of capacity across the cloud, the edge and endpoint devices.
So, it’s not too surprising that demand for its hard drives remains strong.
During its third quarter in fiscal year 2026, revenue increased 44.1% year-over-year to $3.11 billion, while earnings soared 129.5% year-over-year to $934 million, or $4.10 per share. The consensus estimate called for earnings of $3.50 per share on $2.96 billion in revenue, so Seagate Technology posted a 17.1% earnings surprise and a 5% revenue surprise.
In the wake of the robust third-quarter results, analysts have increased fourth-quarter earnings estimates by 30% in the past month. Fourth-quarter earnings are now forecast to rise 95.4% year-over-year to $5.06 per share, compared to $2.59 per share in the same quarter a year ago. Revenue is expected to grow 42.3% year-over-year to $3.48 billion. STX is a Moderately Aggressive buy below $1,006.
SOM Technicals:
12-20-25: Closed at 300.01. Trade pressures are up. Volumes are neutral. The next target up is 312.94.
12-26-25: Closed at 286.22. Trade pressures are uup. Volumes are neutral. The next target down is 278.82.
1-2-26: Closed at 288.10. Trade pressures are up. Volumes are bullish. The next target up is 294.35.
1-10-26: Closed at 304.48. Trade pressures are down, but rising. Volumes are bullish. The next target up is 310.73.
1-24-26: Closed at 346.10. Trade pressures are up. Volumes are up. The next target up is 351.06.
1-30-26: Closed at 403.00. Trade pressures are up but declining. Volumes are neutral. The next target down is 379.01.
2-7-26: Closed at 427.90. Trade pressures are down into the neutral zone. Volumes are neutral. The next target up is 468.32.
2-14-26: Closed at 423.00. Trade pressures are up. Volumes are neutral. The next target up is 447.54.
2-20-26: Closed at 411.15. Trade pressures are down. Volumes are neutral. The next target down is 381.01.
3-27-26: Closed at 377. Trade pressures are down. Volumes are bearish. The next target down is 367.16. Bullish above 402.41.
4-11-26: Closed at 503.70. Trade pressures are up. Volumes are bearish. The next target up is 516.11. 484.45 is bearish.
4-18-26: Closed at 547.75. Trade pressures are up. Volumes are bullish. The next target up is 587.19. 531.19 is bearish.
4-24-26: Closed at 586.88. Trade pressures are up. Volumes are bullish. The next target up is 614.00. 563.96 is bearish.
5-1-26: Closed at 727.29. Trade pressures are up. Volumes are bullish. The next target up is 738.65. 643.61 is bearish.
5-8-26: Closed at 782.35. Trade pressures are up. Volumes are bullish. The next target up is 810.11. 729.98 would signal lower.
5-18-26: Price is 735.26. Trade pressures are down. Volumes are bearish. The next target down is 699.42. 799 would signal higher.
5-23-26: Closed at 810.00. Trade pressures are up. Volumes are bullish. The next target up is 817.61. 771.37 would signal lower.
5-30-26: Closed at 879.00. Trade pressures are up. Volumes are bullish. The next target up is 905.39. 844.76 would signal lower.
6-6-26: Closed at 833.00. Trade pressures are down. Volumes are bearish. The next target down is 828.65. 962.11 would signal higher.