Category: Public

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in a new short. Gold and Silver rally with the new war drums in the middle east.

Crude oil rallies with the Middle east bombings. Natural gas is weak despite the turmoil.

US 30 year Treasuries are a safe have trade for a while.

The US Dollar futures rallied, but just back to the prior support levels.

_______________________

S&P 500 Futures_

Monthly – In the move up from the 2904 April ’19 long entry. Trade pressures are up. Volumes closed the December month as bullish. The next target up is 3408. A close below the 3042 level would confirm any weekly move lower.

Weekly – In the move up from the July ’19 long entry of 2943. Trade pressures are up and trending. Volumes are bullish. The next target up is 3484. A close below 3114 would confirm any Daily move lower.

Daily – Flat. Multiple targets at the 3260 level have been reached so expect some consolidation or retracement. Trade pressures are up but declining. Volumes remain bullish. The next target up is 3375. A close below 3202 would signal lower.

_______________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins the year at $100,000. Only the Top 5 Growth stocks will be tracked this 2020 year.

 

[The author may have long or short positions in any of the securities mentioned.]

S&P Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is Is at the 100% target, look for retracement. Gold is stalled in a move down. Silver is in a new long.

Crude oil has moved up to resistance. Natural gas has had a bullish reversal.

The us 30 Year Treasuries are still short but oversold.

The US Dollar futures are in the retracement up and nearing resistance.

_______________________

S&P 500 Futures_

Monthly – The fourth month of new highs. Trade pressures are up. Volumes closed the month of November as Bullish. The next target up is 3408. A close below 3008 would confirm any weekly move lower.

Weekly – In the move up from the 2943 long entry. Trade pressures are up but turning down. Volumes are bullish. The next target up is 3484. A close below 3080 would confirm any daily move lower.

Daily – Flat. In the move up from the 3143 long entry. The SOM trade was taken out with a profit stop at 3180. Trade pressures are up and extended. Volumes are bullish. The next target up is 3259. A close below 3169 would signal lower.

There are three trades open which will be closed at the last trading day, if not stopped out prior, to mark-to-the-market for the year end.

 

_______________________

Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 has been steady this week up to  at approximately $115,000, or up about 15 percent for the year-to-date, but is still trailing the major averages. Keysight Tech (KEYS) will be replaced with S&P Global (SPGI) at the open Monday.

Three Dividend growth stocks will be dropped [Apollo (APO), MDC Holding (MDC), (McGrath Rentcorp (MGRC)]. Only the top 5 Growth stocks will be tracked this next year.

 

[The author may have long or short positions in any of the securities mentioned.]

Navellier Top Stocks for January

The following is provided by Navellier with technical comment from South Ocean Management – pls do your own due diligence.
(For this 2020 year, SOM will track only the Top 5 Hi-Growth Investments.)

https://navelliergrowth.investorplace.com/

Navellier says,

High-Growth Investments

Arch Capital Group Ltd.

Arch Capital Group Ltd. (ACGL) has earned a spot on the Top 5 Stocks list for three-straight months, thanks to its superior fundamentals. The Bermuda-based company is a leading provider of property, casualty and mortgage insurance and reinsurance products in Australia, Europe and North America. And its business has been booming.

In the third quarter, Arch Capital Group achieved earnings of $261 million, or $0.63 per share, up from $242.3 million, or $0.59 per share, in the third quarter of 2018. Analysts were expecting earnings of $0.62 per share, so ACGL posted a 1.6% earnings surprise. And I should add that the company has topped analysts’ earnings forecasts in each of the last four quarters.

Looking forward to the fourth quarter, the analyst community expects earnings of $0.68 per share and revenue of $1.28 billion. That translates to 9.7% annual revenue growth and 47.8% annual earnings growth. ACGL is a Conservative buy below $46.

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.

11-22-19: Closed at 47.08. Trade pressures are down into the neutral zone. Volumes are bearish. In the move down. The next target down is 39.25.

11-30-19: Closed at 41.97. Trade pressures are up. Volumes are bullish. In the move p after a 5% pullback.

12-7-19: Closed at 41.18. Trade pressures are up. Volumes are neutral. In the new move up from the 41.39 level.

12-12-19: Closed at 41.75. Trade pressures are up. Volumes are bullish. Rallying inside the move down.

12-21-19: Closed at 42.67. Trade pressures are up but extended. Volumes are bullish. The weekly has turned up.

1-4-20: Closed at 43.35. Trade pressures are up. Volumes are bullish. The next target up is 44. 38. 

 

Copart, Inc.

Copart, Inc. (CPRT) has been one of the top performers on the High-Growth Investments Buy List in 2019, as the stock has rallied 90% year-to-date. Clearly, institutional buying pressure has remained strong all year, and we can chalk that up to solid earnings and sales growth, as well as positive analysts’ earnings revisions.

You may recall that Copart is a global leader in online vehicle auctions, as more than 150,000 vehicles are up for auction per day. The company also has more than 200 locations in 11 countries. And for the company’s fiscal year 2019, Copart achieved revenue of $2 billion, or 13.1% annual revenue growth.

For the first quarter of fiscal year 2020, which was reported in late November, Copart reported 20.2% annual revenue growth and 93.6% annual earnings growth. Adjusted earnings of $0.65 per share topped expectations for $0.59 per share by 10.2%. For the second quarter, analysts have upped earnings forecasts over the past month and are now looking for 26.9% annual earnings growth. CPRT is a Conservative buy below $97.

SOM Technicals:

11-22-19: Closed at 89.26. Trade pressures are up. Volumes are neutral. In the uptrend. The next target up is 95.56.

11-30-19: Closed at 89.00. Trade pressures are up but declining. Volumes are neutral. The next target up is 94.81.

12-7-19: Closed at 88.58. Trade pressures are in the neutral zone. Volumes are bearish. Still in the uptrend.

12-12-19: Closed at 88.62. Trade pressures are up. Volumes are neutral.. The next target up is 94.81.

12-21-19: Closed at 90.72. Trade pressures are down into the neutral zone. Volumes are bullish. the next target up is 94.81.

1-4-20: Closed at 92.66. Trade pressures are up. Volumes are bullish. The next target up is 94.81.

 

NextEra Energy, Inc.

NextEra Energy, Inc. (NEE) is one of our High-Growth Investments that offers a blend of growth and income. As the largest utility company in the world, NextEra Energy focuses primarily on renewable energy projects, including wind, natural gas, nuclear, solar and batter energy storage.

Recently, NextEra Energy announced that one of its subsidiaries had started to build a 100-megawatt solar project in Arkansas. The Chicot Solar Energy Center is expected to provide enough clean electricity to power 18,000 houses. This recent project is just one example of the company’s efforts to add 3,800 to 7,300 megawatts of solar power to its current portfolio between 2019 and 2022.

In the third quarter, adjusted earnings increased 12% year-over-year to $2.39 per share, topping the consensus estimate for $2.29 per share. The company also expects full-year earnings to grow 8.1% year-over-year to $8.32 per share. And thanks to its consistent earnings growth, NextEra Energy has paid a dividend for 139-consecutive quarters. The stock has a 2.1% dividend yield. NEE is a Conservative buy below $261.

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.

11-22-19: Closed at 233.38. Trade pressures are up. Volumes are bullish. Consolidating around the 228 target level.

11-30-19: Closed at 233.82. Trade pressures are up but declining. Volumes are neutral. Consolidating at the 228.04 target level.

12-7-19: Closed at 234.39. Trade pressures are up. Volumes are bullish. No direction just to the right.

12-12-19: Closed at 236.95. Trade pressures are up but declining. Volumes are bullish. The next long entry is 238.39.

12-21-19: Closed at 242.71. Trade pressures are up. Volumes are bullish. In the new move up. The next target up is 267.08.

1-4-20: Closed at 240.32. Trade pressures are down. Volumes are bearish. In a retracement move down to the 233 target.

 

S&P Global, Inc.

S&P Global, Inc. (SPGI) provides intelligence, including data and analytics, to help businesses around the world make more informed decisions. The company operates several divisions: S&P Market Intelligence, S&P Global Ratings, S&P Dow Jones Indices and S&P Global Platts.

In the third quarter, S&P Global noted that revenue increased in all four of its businesses, which brought its total revenue to $1.69 billion, or 9% annual revenue growth. The company also reported adjusted earnings of $606 million, or $2.46 per share. Analysts were expecting earnings of $2.34 per share, so SPGI posted a 5.1% earnings surprise.

S&P Global also has a long history of rewarding its shareholders: It’s paid a dividend for 159-straight quarters, or nearly 40 years. Most recently, the company paid a quarterly dividend of $0.57 per share on December 11. All shareholders of record on November 26 should have received the dividend. The stock has a 0.8% dividend yield. SPGI is a Conservative buy below $291.

SOM Technicals:

12-21-19: Closed at 271.66. Trade pressures are rising into the neutral zone. Volumes are bearish. The next target up is 284.50.

1-4-20: Closed at 276.91. Trade pressures are up. Volumes are bullish. The next target up is 296.

 

Sun Communities

Sun Communities (SUI) is our real estate investment trust (REIT) that’s focused on manufactured homes and RV communities in North America. The REIT owns and/or operates 389 communities in the U.S. and Canada, and its portfolio includes more than 134,000 developed sites. And Sun Communities has received the “Community Operator of the Year” award twice from the Manufactured Housing Institute.

For the fourth quarter, Sun Communities is expected to report earnings of $0.25 per share and revenue of $242 million. That represents 30.8% annual revenue growth and 127.3% annual earnings growth.

As a REIT, Sun Communities is also required to distribute at least 90% of its taxable income to shareholders in the form of dividends. As a result, SUI has paid a dividend for 104-consecutive quarters. The REIT will pay a quarterly dividend of $0.75 per share on January 15, 2020. All shareholders of record on December 31 will receive the dividend. The stock has a 2.0% dividend yield. SUI is a Conservative buy below $160.

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.

11-22-19: Closed at 158.68. Trade pressures are down into the neutral one. Volumes are bearish. Still in the uptrend. The next target up is 170.14.

11-30-19: Closed at 164.71. Trade pressures are rising in the neutral zone. Volumes are bullish.The next target up is 170.14.

12-7-19: Closed at 159.00. Trade pressures are down hard. Volumes are bearish. Still above the 25×5 MA support line.

12-12-19: Closed at 153.14. Trade pressures are down. Volumes are bearish. Dropped down thru the 25×5 MA. At the 152 downside target. Look for the trade pressure reversal.

12-21-19: Closed at 149.55. Trade pressures are down and trending. Volumes are neutral. 138.49 is the 200 day MA support.

1-4-20: Closed at 149.52. Trade pressures are down but rising. Volumes are neutral. Still under the 25×5 MA with the 200 day MA at 139.76.

 

 

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper rallied to Summer highs. Gold and Silver down on the trade settlement.

Crude Oil continues the rally, but near resistances. Natural gas in a new move up.

US 30 year Treasury Bonds are short but close to a reversal.

The US Dollar futures are in a move down.

______________________

S&P 500 Futures_

Monthly – Six months since the last down month. Trade pressures are up. Volumes closed the month of November as bullish. The next target up is 3408. A close below 2967 would confirm any weekly move lower.

Weekly – In the move up from the Sept long entry at 2943. Trade pressures are up but rolling over. Volumes are bullish. The next target up is 3213. A close below 3060 would confirm any daily move lower.

Daily – Long. The trade talks have created new highs. Trade pressures are up. Volumes are bullish.

In the move up from the 3141 long entry. The next target up is 3256.

A close below 3128 would signal lower.

Stops are now at the 3169 level which is the short entry on the hourly charts.

A profit stop is at 3180. The first one executed cancels the other.

[12-15-19: Sunday session takes out the contract at the profit stop  – 3180.]

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Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 has been steady this week holding at approximately $114,000, or up about 14 percent for the year-to-date, but is still trailing the major averages.

 

[The author may have long or short positions in any of the securities mentioned.]

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper breaks out with the jobs report and the equity market. Gold and Silver decline. Gold remains long. Silver is stopped out.

Crude oil has had a run up to the first target and is over bot. Natural gas is now over sold.

The US 30 year Treasury future is in a new move down.

The US Dollar futures are testing the entry for a new move up.

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S&P 500 Futures_

Monthly – A new high but a lower close. Trade pressures are up. Volumes closed the month of November as bullish. A close below 2937 would confirm any weekly move lower.

Weekly – Still in the move up from the 2943 long entry. Trade pressures are up but extended. Volumes are bullish. The next target up is 3213. A close below 3030 would confirm any daily move lower.

Daily – Long. The close above the 3141 long entry price signals higher. Trade pressures are up. Volumes are bullish. The next target up is the prior high if 3155 and then 3256.

The weekly is extended so the move seems to be limited; so, tight stops.  Look for the weekly to roll over. A close below 3095 would reverse the trade to short.

[12-12-19: Trade deal? Raise stops to the 3141 breakeven.] [12-12-19 PM: Roll DEC to MAR sell Dec at 3167, Buy MAR @ 3169]

[12-13-19: Raise stops to the entry price @ 1369. All the news is out. sell at the 3180 resistance.]

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Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 has been up this week rising to approximately $114,000, or up about 14 percent for the year-to-date, but is still trailing the major averages.

 

[The author may have long or short positions in any of the securities mentioned.]

 

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_  [New contracts for most markets]

Copper is testing a new leg higher. Gold and Silver are long but have lost momentum.

Crude Oil is in a new move lower. Natural Gas stopped out all longs.

The US 30 year Treasury Bond is testing the downtrend resistance lines.

The US Dollar futures are in a move up but at target levels now; look for consolidation.

_______________________

S&P 500 Futures_

Monthly – Another new high. Trade pressures are up. Volumes closed the month of November as bullish. The next target up is 3408. A close below 2934 would confirm any weekly move lower.

Weekly – In the move up from the 2943 long entry level. Trade pressures are up and extended. Volumes are bullish. The next target up is 3213. A close below 3027 would confirm any daily  move lower.

Daily – Flat. Very near a new long entry at 3156.25. Trade pressures are up but showing divergences lower. Volumes are neutral. The next target up is the 3156. A close below 3095.12 would signal lower.

_______________________

Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 has been up this week rising to approximately $114,000, or up about 14 percent for the year-to-date, but is still trailing the major averages.

 

[The author may have long or short positions in any of the securities mentioned.]

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is reacting to the trade war signals and the equity markets. Gold and silver are looking higher.

Crude oil is in a move up and near resistance. Nat Gas is in a new long.

The US 30year Treasury Bond is at resistance.

The US Dollar futures have resumed their move up.

______________________

S&P 500 Futures_

Monthly – Another new high. Trade pressures are up. Volumes closed the Month Of October as bullish. The next target up is 3408. A close below 2911 would confirm any weekly mover lower.

Weekly – The first weekly close lower in six weeks. Trade pressures are up and extended. Volumes remain bullish. The next target up is 3213. A close below 3004 would confirm any Daily  mover lower.

Daily – Flat. Still in the uptrend from the Oct 4th move up. Trade pressures are up but declining. Volumes are bullish.

The next target up is 3156.

A close below 3072 would signal lower, with support nearby at 3046.

_______________________

Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 has been flart this week  staying at approximately $112,000, or up about 12 percent for the year-to-date which is still trailing the major averages.

Autozone (AZO) and Chipotle (CMG) will be replaced with Copart (CPRT) and Keysight Tech (KEYS). Ajax (AJX), CocaCola Europe (CCEP), and First Amer Financial (FAF) will be replaced by Apollo (APO), MDC Holdg (MDC) and McGrath Rental (MGRC). These changes will occur at the  Monday opening. While these fundamentals look very good, the technicals suggest starting with partial positions and adding more later.

 

[The author may have long or short positions in any of the securities mentioned.]

Navellier Top Stocks for December

.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.

Back in 2001, Arch Capital Group Ltd. (ACGL) was founded in Bermuda due to rising demand for reinsurance solutions. Over the past 18 years, the firm has expanded through strategic acquisitions to include insurance and mortgage insurance options, too. Today, Arch Capital Group is a global underwriter of insurance, reinsurance and mortgage insurance.

On October 29, Arch Capital Group posted third-quarter earnings that topped analysts’ estimates. The company achieved third-quarter earnings of $261 million, or $0.63 per share, compared to $242.3 million, or $0.59 per share, in the third quarter of 2018. Analysts were expecting earnings of $0.62 per share, so ACGL topped estimates by 1.6%.

Looking forward, analysts are expecting fourth-quarter earnings to jump 47.8% year-over-year to $0.68 per share, which is up from $0.46 per share in the same quarter a year ago. 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.

11-22-19: Closed at 47.08. Trade pressures are down into the neutral zone. Volumes are bearish. In the move down. The next target down is 39.25.

11-30-19: Closed at 41.97. Trade pressures are up. Volumes are bullish. In the move p after a 5% pullback.

12-7-19: Closed at 41.18. Trade pressures are up. Volumes are neutral. In the new move up from the 41.39 level.

12-12-19: Closed at 41.75. Trade pressures are up. Volumes are bullish. Rallying inside the move down.

12-21-19: Closed at 42.67. Trade pressures are up but extended. Volumes are bullish. The weekly has turned up.

 

Copart, Inc.

Copart, Inc. (CPRT) is a leading global provider of online vehicle auctions, as well as a major destination for the resale and remarketing of vehicles. Currently, the company operates more than 200 locations in 11 countries—and more than 150,000 vehicles are involved in auctions each day.

After the stock market closed on Wednesday, Copart released results for its first quarter in fiscal year 2020. Revenue increased 20.2% year-over-year to $554.4 million, compared to $461.3 million in the first quarter of 2019. Analysts were looking for revenue of $544.63 million.

First-quarter earnings surged 93.6% year-over-year to $0.91 per share, up from $0.47 per share in the same quarter a year ago. Adjusted earnings per share were $0.65, which topped expectations for $0.59 per share by 10.2%. CPRT rallied nicely higher on Thursday, thanks to the first-quarter earnings and revenue beat. CPRT is a Conservative buy below $96.

SOM Technicals:

11-22-19: Closed at 89.26. Trade pressures are up. Volumes are neutral. In the uptrend. The next target up is 95.56.

11-30-19: Closed at 89.00. Trade pressures are up but declining. Volumes are neutral. The next target up is 94.81.

12-7-19: Closed at 88.58. Trade pressures are in the neutral zone. Volumes are bearish. Still in the uptrend.

12-12-19: Closed at 88.62. Trade pressures are up. Volumes are neutral.. The next target up is 94.81.

12-21-19: Closed at 90.72. Trade pressures are down into the neutral zone. Volumes are bullish. the next target up is 94.81.

 

Keysight Technologies, Inc.

Keysight Technologies, Inc. (KEYS) provides technology solutions that help its customers bring electronic products to the market faster and at lower costs. And, as we discussed in the November 15 Weekly Update, the company is directly in line to benefit from the 5G boom. Keysight Technologies helps its customers better adapt to 5G technology with its design and test solutions.

Just this week, Sprint (S) announced that it would utilize Keysight Technologies’ 5G network emulation solutions. The company plans to use the products to boost the 5G commercial deployment of fixed wireless access in the U.S., to enhance mobile broadband applications and to validate the performance of 5G new radio mobile devices.

Keysight Technologies is scheduled to release earnings and sales for its fourth quarter in fiscal year 2019 after the stock market closes on Tuesday, November 26. The consensus estimate calls for earnings of $1.18 per share on $1.09 billion in revenue, or 16.8% annual earnings growth and 4.2% annual revenue growth. Analysts have also upped earnings per share estimates by $0.12 in the past three months, so a fifth-straight quarterly earnings surprise is likely. KEYS is a Moderately Aggressive buy below $113.

SOM Technicals:

11-22-19: Closed at 103.70. Trade pressures are down into the neutral zone. Volumes are in the neutral zone. In the uptrend with a n upside target of 111.59.

11-30-19: Closed at 107.03. Trade pressures are rising in the neutral zone. Volumes are neutral. The next target up is 111.59.

12-7-19: Closed at 103.20. Trade pressures are rising in the neutral zone. Volumes are bearish. In the down trend and below the 25×5 MA.

12-12-19: Closed at 107.85. Trade pressures are up. Volumes are bullish. The next target up is 111.59.

 

NextEra Energy, Inc.

NextEra Energy, Inc. (NEE) is our play in the renewable, clean energy industry. In fact, the company is the largest generator of renewable energy in the world, thanks to its wind, sun and batter storage operations. At the end of 2018, NextEra Energy had about 21,000 megawatts of net generating capacity in the U.S. and Canada.

Earlier this week, NextEra Energy commenced operations at its Shaw Creek Solar Energy Center in Aiken, South Carolina. The center covers 560 acres, with more than 270,000 photovoltaic solar panels. And it can generate nearly 75 megawatts of electricity, which will provide a clean energy power source for South Carolina.

For the fourth quarter, the analyst community has revised earnings forecasts slightly lower in the past month. NextEra Energy is expect to post earnings of $1.48 per share, or a 0.7% year-over-year dip. However, the company has posted a positive earnings surprise in each of the last three quarters. Plus, NextEra Energy expects full-year earnings to grow 8.1% year-over-year to $8.32 per share. NEE is a Conservative buy below $250.

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.

11-22-19: Closed at 233.38. Trade pressures are up. Volumes are bullish. Consolidating around the 228 target level.

11-30-19: Closed at 233.82. Trade pressures are up but declining. Volumes are neutral. Consolidating at the 228.04 target level.

12-7-19: Closed at 234.39. Trade pressures are up. Volumes are bullish. No direction just to the right.

12-12-19: Closed at 236.95. Trade pressures are up but declining. Volumes are bullish. The next long entry is 238.39.

 

Sun Communities, Inc.

Rounding out the Top 5 Stocks list again this month is Sun Communities, Inc. (SUI), our real estate investment trust (REIT) that’s focused on manufactured homes and RV communities. At the end of the third quarter, the REIT had 766 sites that produced revenue, which increased Sun Communities total portfolio occupancy to 96.7%.

During the first nine months of fiscal year 2019, Sun Communities achieved total revenue of $962.2 million, or 12.8% growth. Earnings rose to $131.7 million, or $1.50 per share, compared to 96.5 million, or $1.19, in the first nine months of 2018.

Looking ahead to the fourth quarter, Sun Communities expects earnings per share between $0.28 and $0.32, or 154.5% to 190.9% annual earnings growth. SUI is a Conservative buy below $170.

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.

11-22-19: Closed at 158.68. Trade pressures are down into the neutral one. Volumes are bearish. Still in the uptrend. The next target up is 170.14.

11-30-19: Closed at 164.71. Trade pressures are rising in the neutral zone. Volumes are bullish.The next target up is 170.14.

12-7-19: Closed at 159.00. Trade pressures are down hard. Volumes are bearish. Still above the 25×5 MA support line.

12-12-19: Closed at 153.14. Trade pressures are down. Volumes are bearish. Dropped down thru the 25×5 MA. At the 152 downside target. Look for the trade pressure reversal.

 

Elite Dividend Payers

Apollo Global Management, Inc.

Apollo Global Management, Inc. (APO) was our newest addition to the Elite Dividend Payers Buy List, as I recommended the stock in November. If you recall, Apollo Global Management is an alternative investment management firm that handles credit, private equity and real assets for institutional investors around the world.

On October 31, Apollo Global Management reported earnings results for its third quarter in fiscal year 2019. The firm achieved earnings of $0.52 per share just shy of analysts’ forecasts for $0.57 per share. However, Apollo Global Management did note that it expects earnings per share to soar 30% year-over-year to $2.23 per share in fiscal year 2019.

The firm will also pay a quarterly dividend of $0.50 per share on November 29. All shareholders of record on November 20 will receive the dividend. The stock has a 4.7% dividend yield. APO is a Moderately Aggressive buy below $47.

SOM Technicals:

11-22-19: Closed at 42.44. Trade pressures are down. Volumes are neutral. Consolidating after the break above 40.

11-30-19: Closed at 43.80. Trade pressures are up. Volumes are bullish. The next target up is 45.68.

12-7-19: Closed at 44.65. Trade pressures are up. Volumes are bullish. Touched the upside target of 45.68: expect consolidation.

12-12-19: Closed at 44.11. Trade pressures are down. Volumes are neutral. The next short entry is at 42.00.

 

M.D.C. Holdings, Inc.

M.D.C. Holdings, Inc. (MDC) is one of the largest homebuilders in the U.S., as it constructs houses in 10 U.S. states, including Arizona, California, Colorado, Florida, Maryland, Nevada, Oregon, Utah, Virginia and Washington. The company’s subsidiaries, like Richmond American Homes, have built more than 205,000 homes across the U.S.

In the third quarter, MDC saw new home orders soar 58% year-over-year to 3.6 homes per community per month. Total third-quarter home sale revenues totaled $750.3 million, and earnings came in at $50.6 million, or $0.79 per share. For the fourth quarter, the analyst community is forecasting 21.2% annual revenue growth and 44.3% annual earnings growth.

MDC has a nice history of rewarding its shareholders, as the company has paid a quarterly dividend for more than five-consecutive years. The company will pay a dividend of $0.30 per share on November 27 to all shareholders of record on November 13. The stock has a 3.1% dividend yield. MDC is a Conservative buy below $41.

SOM Technicals:

11-22-19: Closed at 38.55. Trade pressures are up into the neutral zone. Volumes are neutral. In the down trend. 200 day support is at 35.18.

11-30-19: Closed at 39.57. Trade pressures are up. Volumes are neutral. In a downtrend but testing the 25×5 MA as resistance. A close above 40.88 would change the trend to up.

12-7-19: Closed at 39.64. Trade pressures are up. Volumes are bullish. Just breaks above the 25×5 MA. Needs to clear 40.88 to start a new uptrend.

12-12-19: Closed at 39.39.Trade pressures are down. Volumes are bearish. 37.93 starts a new move down.

 

McGrath RentCorp

With humble beginnings as a two-acre inventory center in 1979, McGrath RentCorp (MGRC) has expanded through strategic acquisitions to become a $400-million business-to-business rental company. McGrath RentCorp rents, as well as sells, modular buildings, containment tanks and boxes for liquids and solids, storage containers, and electronics test equipment.

On October 29, the company reported that third-quarter revenue jumped 21% year-over-year to $173.6 million, with rental revenues accounting for $90.9 million. Earnings increased 31% year-over-year to $32.5 million, or $1.32 per share. The consensus estimate called for earnings of $1.03 per share and revenue of $150.77 million, so MGRC posted a 28.2% earnings surprise and a 15.1% revenue surprise.

MGRC has also continued to reward its shareholders, as it’s paid a dividend for 116-straight quarters—and it’s increased its dividend by 52% in the past five years alone. Most recently, the company paid a dividend of $0.38 per share. The stock has a 2.1% dividend yield. MGRC is a Conservative buy below $78.

SOM Technicals:

11-22-19: Closed at 71.81. Trade pressures are in the neutral zone. Volumes are bearish. In the uptrend but at the 25×5 MA support at 72.00.

11-30-19: Closed at 73.84. Trade pressures are down into the neutral zone. Volumes are neutral. Holding support at the 71.69 level.

12-7-19: Closed at 76.46. trade pressures are up and extended. Volumes are bearish. In the uptrend and support at the 73.97 25×5 MA.

12-12-19: Close at 74.13. Trade pressures are down. Volumes are bearish. In the retracement move down to the 70.00 level.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in the move down. Gold and Silver are in retracement moves up.

Crude Oil is in the move up and at resistance. Natural Gas is in the move down but near a new long entry.

The US 30 Year Treasuries are in a new move up.

The US Dollar futures are near a new short entry.

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S&P 500 Futures

Monthly – New Highs. Trade pressures are up. Volumes closed the month of October as Bullish. The next target up is 3408. A close below 2898 would confirm any weekly move lower.

Weekly – In the move up from the 2943 long  entry. Trade  pressures are up. Volumes are bullish. The next target up is 3213. A close below 2991 would confirm any daily move lower.

Daily – Flat. Overbought, but still breaking higher. Trade pressures are up. Volumes are bullish. The next target up is 3266. A close below 3059 would signal lower. The time cycles are down into the first week of December.

Hedge funds have raised cash and now feel pressure to get back in the market. Hard to guess; just stay with the trends.

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Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 has moved up this week  to approximately $112,000, or up about 12 percent for the year-to-date which is still trailing the major averages.

[The author may have long or short positions in any of the securities mentioned.]