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) was a new addition to the High-Growth Investments Buy List in the January 2021 Monthly Issue. The company is in the lucrative cloud security business, offering real-time endpoint security, threat intelligence and cloud workload protection, helping prevent cyberattacks on and off an enterprise’s network.
Crowdstrike’s business has been booming amidst the global pandemic, with the company adding 1,186 new subscription customers during the third quarter in its fiscal year 2021. The company now has a total subscription count of more than 8,400.
Crowdstrike won’t release results for its fourth quarter in fiscal year 2021 until mid-March. But it’s lining up to be another blowout quarter for the company. The current consensus estimate calls for earnings of $0.09 per share on $249.99 million in revenue, which is up from a $0.02 earnings per share loss and revenue of $152.11 million in the same quarter a year ago.
Analysts have also increased earnings estimates by a whopping 800% in the past two months, so I wouldn’t be surprised if Crowdstrike exceeds earnings estimates for the third time in the past four quarters. CRWD is a Moderately Aggressive buy below $247.
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.
DocuSign, Inc.
DocuSign, Inc. (DOCU) shares have been climbing steadily higher for the past year, rising more than 75% since we added the stock to the High-Growth Investments Buy List back in June 2020. The overall strength in technology stocks of late has certainly aided the stock’s move higher, but its DocuSign’s booming business and superior fundamentals that will continue to support share prices.
Remember, DocuSign is benefiting from the work-from-home trend. The company offers a cloud-based platform that enables businesses and individuals to develop, upload, sign and send agreements and documents virtually. And millions of users around the globe, including 745,000 paying customers, have utilized DocuSign’s platform throughout the pandemic.
As a result, the analyst community is expecting DocuSign’s fourth-quarter earnings to nearly double. The current consensus estimate calls for fourth-quarter earnings of $0.22 per share, up from $0.12 per share in the same quarter a year ago. Earnings estimates have also been upped by 46.7% in the past two months, so a fifth-straight quarterly earnings surprise is likely.
Fourth-quarter revenue is forecast to increase 48.3% year-over-year to $407.65 million, compared to $274.89 million in the fourth quarter of 2019. DocuSign will release final fourth-quarter results in early to mid-March. DOCU is a Moderately Aggressive buy below $260.
SOM Technicals:
6-26-20: Closed at 177.58. Trade pressures are up. Volumes are bullish. This spike up is not likely to continue in the face of the sell off.
7-4-20: Closed at 190.99. Trade pressures are up. Volumes are bullish. This parabolic move is very uncomfortable.
7-10-20: Closed at 210.11. Trade pressures are up but reversing. A close below 210 would signal lower.
7-18-20: Closed at 196.42. Trade pressures are down but rising. Volumes are neutral. The next target up is 217.
7-24-20: Closed at 190.95. Trade pressures are down. Volumes are bearish. The next target down is 172.23.
7-30-20: Closed at 217.45. Trade pressures are up. Volumes are bullish. The next target up is 257.20.
8-7-20: Closed at 205.00. Trade pressures are down. Volumes are bearish. Dropped thru two downside targets this week. The next target down is 185.06.
8-15-20: Closed at 199.71. Trade pressures are neutral. Volumes are neutral also. Traded down near the 185.06 target and now has moved higher. At the 25×5 MA and looks lower. The next target don is the 185.91 Target.
8-21-20: Closed at 210.18. Trade pressures are up but showing reversal. Volumes are bullish. The next target up is 221.00.
8-29-20: Closed at 215.24. Trade pressures are up. Volumes are bearish. resistance here at the 217.23 level, which is also the new long entry.
9-5-20: Closed at 216.26: Trade pressures are down. Volumes are bearish. Sitting on the 25×5 MA support at 216.
9-12-20: Closed at 197.94. Trade pressures are down. Volumes are bearish. A close below 196.53 triggers a new short entry.
9-19-20: Closed at 194.42. Trade pressures are down. Volumes are neutral. The next target down is 173.35.
9-26-20: Closed at 212.36. Trade pressures are down into the neutral zone. Volumes are bullish. The next target down is 173.35.
10-11-20: Closed at 225.80. Trade pressures are down into the neutral zone. Volumes are bullish. A close above 240 would signal higher.
10-17-20: Closed at 234.60. Trade pressure are up. Volume are bullish. The next target up is 300.00.
10-24-20: Closed at 219.82. Trade pressures are down but reversing. Volumes are bearish. The next target down is 195.29.
10-30-20: Closed at 202.25. Trade pressures are down. Volumes are bearish. the next target down is 195.29.
11-07-20: Closed at 231.69. Trade pressures are up but reversing. Volumes are bearish. Resistance at 246 held. the next target down is the 195 prior target.
11-14-20: Closed at 205.70. Trade pressures are now up but reversing again. Volumes are bearish. The 195 level was touched then rallied to the close.
11-20-20: Closed at 221.59. Trade pressures are up. Volumes are bullish. The next target up is 241.70.
11-29-20: Closed at 226.87. Trade pressures are up. Volumes are bullish. The next target up is 241.70.
12-05-20: Closed at 243.22. Trade pressures are up. Volumes are neutral. The next target up is 298.04.
12-11-20: Closed at 225.49. Trade pressures are down into the neutral zone. Volumes are neutral. the next target down is 203.56.
12-19-20: Closed at 241.00. Trade pressures are up but reversing. Volumes are bullish. Support is at 225.00.
12-26-20: Closed at 244.93. Trade pressures are up but reversing. Volumes are neutral. Support is at 230.00.
01-01-21: Closed at 222.30. Trade pressures are down. Volumes are bearish. The next target down is 203.50. Support is at 222.00.
01-08-21: Closed at 244.54. Trade pressures are up. Volumes are bullish. The next target up is 249.63.
01-16-21: Closed at 249.28. Trade pressures are down into the neutral zone. Volumes are bearish. The next target down is the 236.78 short entry.
01-22-21: Closed at 255.15. Trade pressures are neutral. Volumes are neutral. The next target down is 236.78. A break above 258 would signal higher.
01-29-21: Closed at 232.89. Trade pressures are down but rising. Volumes are bearish. the next target down is 210.50.
02-05-21: Closed at 250.37. Trade pressures are up. Volumes are bullish. The next target up is 258.
02-12-21: Closed at 263.30. Trade pressures are up. Volumes are bullish. The next target up is 285.
02-19-21: Closed at 265.16. Trade pressures are in the neutral zone. Volumes are bullish. The next target down is 223.00.
Novavax, Inc.
Novavax, Inc. (NVAX), our vaccine developer, revealed that it inked a deal with the Canadian government late last week. Under the terms of the agreement, Novavax will provide up to 76 million doses of its COVID-19 vaccine. Canada is committed to purchasing at least 52 million doses and has the option to purchase another 24 million doses.
The COVID-19 vaccine, NVX-CoV2373, is currently in two Phase 3 clinical trials. Results from the Phase 1/2 clinical trial showed a strong antibody response. Efficacy results from the Phase 3 trials are expected during the current first quarter. Novavax then expects to start delivering the vaccine to Canada as early as the second quarter of this year.
On Thursday afternoon, Novavax announced that its COVID-19 vaccine showed an 89.3% efficacy rate in its Phase 3 clinical trial that’s taking place in the UK. For its South Africa Phase 2b clinical trial, the company revealed that its vaccine candidate was 60% effective in preventing COVID-19 in individuals who are HIV-negative; they accounted for 94% of the study population.
After these results were announced, company management boasted, “NVX-CoV2373 is the first vaccine to demonstrate not only high clinical efficacy against COVID-19 but also significant clinical efficacy against both the rapidly emerging UK and South Africa variants.” NVAX is an Aggressive buy below $349.
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.
United Microelectronics Corporation
United Microelectronics Corporation (UMC) was the third semiconductor company in the Growth Investor Buy Lists to post stunning earnings and sales results for the most-recent quarter. Company management noted that “robust end market demand from consumer and computing related applications” drove its results in the fourth quarter: UMC shipped 2.3 million eight-inch wafers.
During the fourth quarter, earnings surged 166.7% year-over-year to $0.16 per ADS, up from $0.06 per ADS in the fourth quarter of 2019. Analysts were expecting earnings of $0.06 per ADS, so UMC posted a whopping 166.7% earnings surprise.
Fourth-quarter revenue grew 8.2% year-over-year to NT$45.3 billion, up from NT$41.85 billion in the same quarter a year ago. In U.S. dollar terms, UMC achieved total revenue of $1.59 billion, which also topped analysts’ estimates for $1.57 billion.
For full-year 2020, UMC reported 19.3% annual revenue growth and 200.7% annual earnings growth. Full-year earnings per ADS soared 200% year-over-year to $0.42, up from $0.14 per ADS in 2019. That beat analysts’ estimates for $0.31 per ADS by 35.4%. UMC is an 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.
Zoom Video Communications, Inc.
Zoom Video Communications, Inc. (ZM) has spent the past year helping to connect families, friends and coworkers via its online communications platform that offers voice, video, chat and content sharing. The company’s video meetings were widely popular, surging from 10 million users to 300 million users. And with many businesses and schools still operating remotely for the foreseeable future, Zoom’s services are expected to remain in top demand.
As a result, the analyst community has continued to increase its earnings outlook for the company’s fourth quarter and fiscal year 2021. For the fourth quarter, earnings are expected to soar 426.7% year-over-year to $0.79 per share, up from $0.15 per share in the same quarter a year ago. Fourth-quarter revenue is forecast to jump 331.2% year-over-year to $811.77 million.
For the company’s fiscal year 2021, earnings are expected to surge 731.4% year-over-year to $2.91 per share, while revenue is anticipated to increase 314.5% year-over-year to $622.66 million. That compares to earnings of $0.35 per share and revenue of $622.66 million in fiscal year 2020. Zoom will announce final results for its fourth quarter and fiscal year 2021 in early March. ZM is an Aggressive buy below $454.
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.