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

Dexcom, Inc.

Dexcom, Inc. (DXCM) is certainly thriving in the current environment! Dexcom develops glucose monitoring systems that help diabetic patients test and maintain their blood glucose levels. The best part is that it can all be done remotely. The diabetic wears a sensor and a transmitter that reads glucose levels and provides alerts to a smart phone if levels change drastically.

Well, on Tuesday, Dexcom revealed that its CGM systems have been available in U.S. hospitals and healthcare facilities to assist frontline workers during the pandemic. Due in part to this and strong demand for at-home healthcare options, Dexcom reported stunning second-quarter results.

Second-quarter revenue jumped 34% year-over-year to $451.8 million, topping estimates for $415.74 million. Earnings surged 888.5% year-over-year to $77.1 million, or $0.79 per share, compared to earnings of $7.8 million, or $0.08 per share in the second quarter of 2019. Analysts were expecting earnings of $0.35 per share, so Dexcom beat forecasts by a whopping 125.7%.

Thanks to the strong quarterly results, Dexcom also provided full-year 2020 guidance. The company now expects full-year revenue to grow 25% year-over-year to $1.85 billion. DXCM is an Aggressive buy below $500.

SOM Technicals:

4-25-20: Closed at 332.44. Trade pressures are up but declining. Volumes are bullish. New highs next target up is 350.00.

5-2-20: Closed at 341.52. Trade pressures are down into,the neutral zone. Volumes remain bullish. The pull back could go to 304 and still be in the uptrend.

5-8-20: Closed at 405.50. Trade pressures are up. Volumes are bullish; some selling into this big rally.

5-15-20: Closed at 417.13. Trade pressures are up but declining. Volumes are neutral. support is at 381.00.

5-22-20: Closed at 405.25. Trade pressures are down. Volumes are neutral. In a retracement move down to test the 25×5 MA support at 370.

5-30-20: Closed at 378.31. Trade pressures are down but rising.  Volumes are neutral. Bounced off the 25×5 support level at 370.

6-6-20: Closed at 364.49. Trade pressures are down. Volumes are bullish. The next target down is 300.

6-12-20: Closed at 370.23. Trade pressures are down but rising. Volumes are bullish. In the down trend, the next target down is 310.00.

6-20-20: Closed at 409.36. Trade pressures are up. Volumes are bullish. In a new up trend. the next target up is 454.00.

6-26-20: Closed at 383.06. Trade pressures are down hard. Volumes are bearish. A close below 374.00 would start anew downtrend.

7-4-20: Closed at 407.35. Trade pressures are up. Volumes are bullish. The next target up is 428.59.

7-10-20: Closed at 439.64. Trade pressures are up. Volumes are bullish. The next target up is 459.00. 

7-18-20: Closed at 424.43. Trade pressures are up. Volumes are neutral. The next target up is the prior high at 446.50.

7-24-20: Closed at 422.00. Trade pressures are down. Volumes are bullish. The next target down is 389.00.

7-30-20: Closed at 435.54. Trade pressures are up but showing divergence. Volumes are bullish. The next target down is 384.18.

8-7-20: Closed at 440.70. Trade pressures are up but declining. Volumes are bearish.Support is at 400.00.

8-15-20: Closed at 426.75. Trade pressures are don into the neutral zone. Volumes are bearish. In consolidation. the next target down is 393.91.

8-21-20: Closed at 426.90. Trade pressures are down. Volumes are bearish. The next target down is 393.91.

 

DocuSign, Inc.

DocuSign, Inc. (DOCU) provides an e-signature platform that is utilized by more than 650,000 customers and millions of e-signers. The reality is that DocuSign’s e-signature technology enables businesses to send and sign agreements virtually, with up to 82% of agreements signed in less than 24 hours. And it can be integrated with several popular solutions, like Salesforce and Workday.

In June, DocuSign reported that it saw a significant increase in total customers during its first quarter in fiscal year 2021. Its customer base grew 30% year-over-year to 661,000, up from 508,000. The company also reported first-quarter revenue growth of 39% and earnings growth of 71.4%.

For the second quarter, which is expected to be announced in early September, DocuSign is anticipating revenue between $316 million and $320 million, which represents 34.1% to 35.8% annual revenue growth. Analysts are also forecasting 700% annual earnings growth, or $0.08 per share, up from $0.01 per share in the second quarter of fiscal year 2020. DOCU is a Moderately Aggressive buy below $242.

SOM Technicals:

6-26-20: Closed at 177.58. Trade pressures are up. Volumes are bullish. This spike up is not likel;y 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.

 

Genmab A/S

Genmab A/S (GMAB) was added to the High-Growth Investments Buy List in the July Monthly Issue. If you recall, Genmab is a biotechnology company that’s focused on developing antibody therapeutics to treat cancer. The company currently has two products on the market: DARZALEX, which is FDA-approved to treat multiple myeloma, and Arzerra, which treats chronic lymphocytic leukemia.

Thanks to strong demand for antibody therapeutics and its strategic partnerships, Genmab posted double-digit revenue growth and triple-digit earnings growth in the first quarter. But, considering that analysts have increased earnings forecasts by a whopping 2,128.9% in the past two months, the second-quarter results are lining up to be even more phenomenal.

Second-quarter earnings are expected to surge 4,135% year-over-year to $8.47 per share, up from $0.20 per share in the same quarter a year ago. Revenue is forecast to soar 623.7% year-over-year to $842.71 million, compared to $116.45 million in the second quarter of 2019. GMAB is a Moderately Aggressive buy below $37.

SOM Technicals:

7-31-20: Closed at 34.50. Trade pressures are down. Volumes are bearish. The next target down is 32.04.

8-7-20: Closed at 36.52. Trade pressures are up. Volumes are bullish. the next target up is 37.79.

8-15-20: Closed at 36.92. Trade pressures are up but reversing. Volumes are neutral. The next target down is 33.09.

8-21-20: Closed at 38.23. Trade pressures are up. Volumes are bullish. At the 37.79 target. Expect consolidation here.

 

Quidel Corporation

Quidel Corporation (QDEL) is also making its first appearance on the Top 5 Stocks list this month, given its superior fundamentals and subsequent blowout earnings report on Thursday, July 30. Quidel is a diagnostic healthcare manufacturer that’s focused on improving the quality of healthcare. As such, Quidel has been on the frontlines of the recent pandemic, developing a diagnostic test for COVID-19.

So, it’s no wonder that Quidel crushed expectations for the second quarter. Total second-quarter revenue soared 86% year-over-year to $201.8 million, beating forecasts for $189.79 million. The company noted that it achieved sales of $109 million for its COVID-19 products during the quarter.

Quidel also revealed that second-quarter earnings surged 416.7% year-over-year to $1.86 per share, up from $0.36 per share in the second quarter of 2019. Analysts were expecting earnings of $1.09 per share, so QDEL posted a stunning 70.6% earnings surprise. QDEL is an Aggressive buy below $322.

SOM Technicals:

7-30-20: Closed at 282.47. Trade pressures are up. Volumes are bullish. The next target up is 367.57.

8-7-20: Closed at 272.76. Trade pressures are down. Volumes are bearish. The next target down is 259.83 the 25×5 MA.

8-15-20: Closed at 245.93. Trade pressures are up. Volumes are bearish. At the 25×5 MA. Should act as resistance. The next target down is 215.00.

8-21-20: Closed at 241.52. Trade pressures are in the neutral zone. Volume are bearish. Appears to want to test the 200.00 support level.

 

Zoom Video Communications, Inc.

Zoom Video Communications, Inc. (ZM) is a leading provider of online video and audio conference calls, as well as collaboration, chat and webinar tools. The company’s software-based conference room is utilized by businesses and individuals around the world. In fact, it’s become widely popular throughout the pandemic, with millions accessing the online platform daily to maintain business communications.

So, it’s not too surprising that Zoom had stunning first-quarter results. The company reported total first-quarter revenue growth of 169% and earnings growth of 555%. With many businesses still operating remotely and folks self-isolating at home amidst recent outbreaks, the analyst community is betting that Zoom’s second-quarter results will be equally impressive.

Zoom is expected to release second-quarter results in early September. Currently, analysts are looking for earnings of $0.45 per share, up 462.5% from the $0.08 per share reported in the second quarter of 2019. Analysts have also increased earnings estimates by 309% in the past two months, which bodes well for a fifth-straight quarterly earnings surprise. The company has posted a triple-digit earnings surprise in each of the last four quarters. ZM is an Aggressive buy below $305.

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.

 

#emini #spfutures #SP500 #ES

Market Pressures_

Copper declines with the S&P. Gold and silver have shot up as the dollar declines.

Crude rallied with the market and now is in a small retracement. Natural Gas is trying to rally inside the long downtrend.

The US 30 year Treasuries moved higher with the dollar decline.

The US Dollar futures are down hard and look oversold.

_______________________

S&P 500 Futures_

Monthly – In the move up from the 2845 long entry. Trade pressures are up. Volumes closed the month of June as neutral. The next target up is the prior high of 3375.00. A close below 2818 would confirm any weekly move lower.

Weekly – In the move up from the April 2430 long entry. Trade pressures are up. Volumes are bullish.The next target up is the prior high of 3375. In consolidation now at the 3230 upside target. A close below the 2952 level would confirm any daily move lower.

Daily – Flat. In a retracement move lower after reaching the 61% target at 3235. Trade pressures are up. Volumes are bearish. Still in the uptrend. So for the moment the trade is still buy the dips. The next target up is the 3264 recent high. A close below 3119 would signal lower and a new downtrend.

_______________________

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 Top 5 portfolio stocks sold off with the market during this last week. The portfolio stocks are down 1% for the week and valued at approximately $105,000, now up 5% for the YTD. We may match the 13% gains from these first two months of 2020; but would do well to remember the down 32% lows of March. The portfolio fundamentals continue to be important as the market narrows.

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper consolidating at the 2.91 level. Gold also in consolidation. Silver also in consolidation at the 19.50 level.

Crude is flat tracking along the 40-41 levels. Natural gas is attempting a move higher.

Us 30 year treasuries look higher with the new stimulus package coming soon.

The US Dollar is testing the 95 support levels.

_______________________

S&P 500 Futures_

Monthly – In the new move up from the 2845 entry. Trade pressures are up. Volumes closed the month of June as neutral. The next target up is the prior high at 3375. A close below 2853 would confirm any weekly move lower.

Weekly – Still in the long move up off the March lows. Trade pressures are up. Volumes are bullish. The next target up is also the prior high at 3375. A close below 2947 would confirm any daily move lower.

Daily – In the move up from the 2934 long entry. Trade pressures are up but showing divergence. Volumes are now neutral. The next target up is still 3235. A close below 3142 would signal lower.

The weekly trade pressures are still up, so buy the daily dips is still the rule.

[7-21-20: Now seeing the NASDAQ futures diverge from the S&P 500. A sell signal has been triggered on the NQ’s at 10883. stops at 11058. First target down is 10708.]

[7-22-20: Lower stops to 10934.]

[7-23-20: Stop triggered and then price immediately turned down again.]

 

_______________________

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 Top 5 portfolio stocks sold off with the market during this last week. The portfolio stocks are down 4% for the week and valued at approximately $106,000, now up 6% for the YTD. We may match the 13% gains from these first two months of 2020; but would do well to remember the down 32% lows of March. The portfolio fundamentals continue to be important as the market narrows.

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is now at the 2.91 upside target. Gold is retracing inside the uptrend. Silver is in consolidation.

Crude oil is in a move up but looking for some consolidation here. Nat Gas remains in the move up, but having a small retracement.

The US 30 year Treasury Bond broke out into  new uptrend.

The US Dollar futures are lower and in a new move down.

______________________

S&P 500 futures_

Monthly – In the move up off the 2845 confirmation of the uptrend. Trade pressures are up. Volumes closed the Month of June as neutral. The next target up is the old high at 3375. A close below 2799 would confirm any weekly move lower.

Weekly – In consolidation after the move up to 3220. Trade pressures are up. Volumes are bullish. The next target up is 3230. A close below 2934 would confirm any daily move lower.

Daily – Still in the move up. The Trade pressures are holding in the neutral zone. Volumes are bullish.

The Friday close above the prior three day’s highs signals a new move up. Look for a small retracement for some price improvement to enter a new long.

Stops will be the 25×5 MA currently at 3109.

[7-13-20: Long at 3194.] [Set stops at 3190.]

[7-14-20: Stopped during the selloff yesterday.]

_______________________

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 Top 5 portfolio stocks sold off with the market during this last week. The portfolio stocks are back up 3% for the week and valued at approximately $110,000, now up 10% for the YTD. We may match the 13% gains from these first two months of 2020; but would do well to remember the down 32% lows of March. The portfolio fundamentals continue to be important as the market narrows.

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper was within a point to the upside 2.78 target, now retracing. Gold is also retracing. Silver is showing some signs of turning down.

Crude oil could start a new move up. Natural Gas has triggered a new long entry, but very hard to trade.

The US 30 Year Treasury is in a move up.

The US Dollar futures are in a downtrend and moving sideways.

________________________

S&P 500 Futures_

Monthly – The monthly bar closed the week higher. Trade pressures are up. Volumes closed the month of June as neutral. The next target up is 3375. A close below 2797 would confirm any weekly move lower.

Weekly – Still in the move up from the April 2430 long entry. Trade pressures are up but diverging. Volumes remain bullish. The next target up is 3230. A close below 2934 would confirm any daily move lower.

Daily – in the move up from the 2937 May long entry and consolidating at the 61% target of 3142. Trade pressures are up but reversing. Volumes are bullish. The next target up is 3235. A close below 2917 would signal lower.

Watch the trade pressures. If they cycle lower and then back up without triggering a short then a new long is likely.

_______________________

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 Top 5 portfolio stocks sold off with the market during this last week. The portfolio stocks are back up 3% for the week and valued at approximately $101,000, now up 1% for the YTD. The 13% gains from these first two months of 2020 evaporated, but so have the down 32% lows of March. The portfolio fundamentals should become more important as the market narrows.

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper continues the move up after a retracement. Gold is in a new long. Silver is near the end of it’s move.

Crude is in a small retracement. Watch for a break of the 25×5 MA.  Nat Gas is steadily declining.

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

The US Dollar is retracing after the move down to the  target. Watch for new bullish volumes.

______________________

S&P 500 Futures_

Monthly – The monthly has closed this week below the prior month’s close. Trade pressures are up in the neutral zone. Volumes closed the month of May as neutral. The next target up is the prior high at 3375. A close below 2803 would confirm any weekly move lower.

Weekly – Remains in the move up from the April 2430 long entry. Trade pressures are up. Volumes remain bullish. The next target up is 3230. A close below 2934 would confirm any daily move lower.

Daily – In the move up from the 2945 long entry. Met the 61.8 % target and began the retracement which we are now in. Trade pressures are down. Volumes are bearish.

The next target down is 2972.

The 200 day MA is at 3007 and is potential support. More likely is a back-test up to the 25×5 MA at 3050 levels and then down again.

Apple is 3.5% of the S&P 500; good to watch it’s movement.

_______________________

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 Top 5 portfolio stocks sold off with the market during this last week. The portfolio stocks are down 2% for the week and valued at approximately $98,000, now down 2% for the YTD. The 13% gains from these first two months of 2020 evaporated, but so have the down 32% lows of March. The portfolio fundamentals should become more important as the market narrows.

As of this next Monday, Fortinet (FTNT) and ResMed (RMD) will be replaced with Clorox  (CLX) and DocuSign (DOCU) at the opening prices.

 

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

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

The Clorox Corporation

The Clorox Corporation (CLX) was a new addition to the High-Growth Investments Buy List in the June Monthly Issue. Clorox has provided disinfectants and cleaning products to individuals and businesses around the world for more than 100 years. And its products have been wildly popular during the global coronavirus pandemic, as individuals and businesses seek to disinfect and cut down on the spread of the deadly virus.

In fact, Clorox experienced a 32% jump in sales in its cleaning division in the first quarter. Total first-quarter sales jumped 15% year-over-year to $1.78 billion, and earnings soared 31% year-over-year to $1.89. Considering that stores couldn’t keep Clorox bleach, wipes and other disinfecting products on the shelves, the company’s second-quarter results will likely be even stronger.

The analyst community has steadily increased their earnings forecasts over the past three months, now expecting earnings to grow 3.2% year-over-year to $1.94 per share. That’s up from previous forecasts for earnings of $1.79 per share. Second-quarter sales are expected to increase 13.3% year-over-year to $1.84 billion. CLX is a Conservative buy below $231.

SOM Technicals:

6-26-20: Closed at 215.30. Trade pressures are up into the neutral zone. Volumes are neutral. A close below 13.00 would signal lower.

7-04-20: Closed at 222.16. Trade pressures are up. Volumes are bullish.  The next target up is 241.00.

7-10-20: Closed at 229.76. Trade pressures are up. Volumes are bullish. The next target up is 243.00.

7-18-20: Closed at 228.38. Trade pressures are down into the neutral zone. Volumes are bullish. 220.00 is nearby support.

7-24-20: Closed at 227.04. Trade pressures are rising into the neutral zone. Volumes are now neutral. In a retracement to 221.00.

 

Dexcom, Inc.

Dexcom, Inc. (DXCM) is making its third-straight appearance on the Top Stocks list this month. The reason why is simple: The company continues to have stunning forecast earnings and sales growth—and analysts have revised their earnings forecasts higher. It’s clearly the type of stock that we want to own in the current market environment.

Dexcom is in a very lucrative medical corner of the market. The company provides continuous glucose monitoring (CGM) that enables a diabetic to test their blood glucose levels without pricking their finger. Instead, the diabetic wears a sensor and transmitter that reads glucose levels and provides alerts to a smart phone if levels fall too low or soar too high.

The monitoring system has been particularly popular during the pandemic, as it allowed doctors to view and monitor a patient’s glucose levels without a physical visit. As a result, second-quarter earnings are forecast to surge 325% year-over-year and sales are expected to grow 23.4% year-over-year.

Interestingly, Dexcom has a history of posting big earnings surprises. It has achieved a 298.7% average earnings surprise in the past four quarters. And it looks like another quarterly earnings surprise may be in the offing: Analysts have upped earnings forecasts by 13.3% in the past month alone. DXCM is an Aggressive buy below $457.

SOM Technicals:

4-25-20: Closed at 332.44. Trade pressures are up but declining. Volumes are bullish. New highs next target up is 350.00.

5-2-20: Closed at 341.52. Trade pressures are down into,the neutral zone. Volumes remain bullish. The pull back could go to 304 and still be in the uptrend.

5-8-20: Closed at 405.50. Trade pressures are up. Volumes are bullish; some selling into this big rally.

5-15-20: Closed at 417.13. Trade pressures are up but declining. Volumes are neutral. support is at 381.00.

5-22-20: Closed at 405.25. Trade pressures are down. Volumes are neutral. In a retracement move down to test the 25×5 MA support at 370.

5-30-20: Closed at 378.31. Trade pressures are down but rising.  Volumes are neutral. Bounced off the 25×5 support level at 370.

6-6-20: Closed at 364.49. Trade pressures are down. Volumes are bullish. The next target down is 300.

6-12-20: Closed at 370.23. Trade pressures are down but rising. Volumes are bullish. In the down trend, the next target down is 310.00.

6-20-20: Closed at 409.36. Trade pressures are up. Volumes are bullish. In a new up trend. the next target up is 454.00.

6-26-20: Closed at 383.06. Trade pressures are down hard. Volumes are bearish. A close below 374.00 would start anew downtrend.

7-4-20: Closed at 407.35. Trade pressures are up. Volumes are bullish. The next target up is 428.59.

7-10-20: Closed at 439.64. Trade pressures are up. Volumes are bullish. The next target up is 459.00. 

7-18-20: Closed at 424.43. Trade pressures are up. Volumes are neutral. The next target up is the prior high at 446.50.

7-24-20: Closed at 422.00. Trade pressures are down. Volumes are bullish. The next target down is 389.00.

 

DocuSign, Inc.

DocuSign, Inc. (DOCU) was also added to the High-Growth Investments Buy List in June ahead of the company’s first-quarter earnings report. You may recall that DocuSign developed a cloud-based platform that enables companies to create, upload and send agreements to all stakeholders for electronic signatures. The company has more than 500,000 customers and millions of users in more than 180 countries.

Considering the company’s first-quarter results, DocuSign’s services were in hot demand during the global pandemic. First-quarter revenue soared 39% year-over-year to $297 million, exceeding forecasts for $281.12 million. First-quarter earnings per share soared 71.4% year-over-year to $0.12, which topped analysts’ forecasts for $0.10 per share by 20%.

And the outlook going forward is even more impressive. For the second quarter, the analyst community expects earnings per share to surge 700% year-over-year to $0.08 per share. That’s up from $0.01 per share in the same quarter a year ago. Second-quarter revenue is forecast to come in around $318.48 million, which is the middle of DocuSign’s expected range of $316 million to $320 million. DOCU is a Moderately Aggressive buy below $198.

SOM Technicals:

6-26-20: Closed at 177.58. Trade pressures are up. Volumes are bullish. This spike up is not likel;y 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.

 

NVIDIA Corporation

As we discussed in the June 24 Special Market Podcast, the NASDAQ 100 is driving a lot of stocks higher right now. One of the quality stocks in the NASDAQ 100 is our own NVIDIA Corporation (NVDA). The company is a leading computer graphics company, and is most well-known for inventing graphic processing units (GPUs).

NVIDIA has been at the forefront of autonomous vehicles, and this week, the company revealed that it is partnering with Mercedes. The two companies inked an agreement to develop an automated driving system, which NVIDIA expects to be available in 2024. The new automated driving system will then be placed in Mercedes-Benz’s next-generation vehicles.

Even before this deal was signed, NVIDIA’s fundamentals were exceptional. But look for its autonomous driving system to add to the company’s top and bottom lines in the future.

For the second quarter, the consensus estimate calls for earnings of $1.97 per share, or 58.9% annual earnings growth. Analysts have upped earnings forecasts by 10% in the past month, so a fifth-straight quarterly earnings surprise is likely. Sales are expected to come in at $3.65 billion. NVDA is a Conservative buy below $396.

SOM Technicals:

5-22-20: Closed at 361.05. Trade pressures are up.  Volumes are bullish. The next target up is 364.40.

5-30-20: Closed at 353.67. Trade pressures are rising in to the neutral zone. Volumes are bearish. 333 is a support level.

6-6-20: Closed at 356.80. Trade pressure are up. Volumes are bullish. The next target up is 364.

6-12-20: Closed at 357.30. Trade pressures are down. Volumes are neutral. The next target down is 332.00.

6-20-20: Closed at 370.45. Trade pressures are up. volumes are bullish. At the 364 target: consolidating.

6-26-20: Closed at 366.20. Trade pressures are down. Volumes are bearish. A close below 351.00 would signal lower.

7-4-20: Closed at 384.59. Trade pressures are up. Volumes are bullish. The next target up is 406.07.

7-10-20: Closed at 419.17. Trade pressures are up. Volumes are bearish. a close blow 396 would signal lower.

7-18-20: Closed at 408.10. Trade pressures are down. Volumes are bullish. The next target down is 363.00.

7-24-20: Closed at 407.00. Trade pressures are down. Volumes are bullish. The next target down is 363.00.

 

Vipshop Holdings, Ltd.

Vipshop Holdings, Ltd. (VIPS) has been on a bit of a tear since we added it to the High-Growth Investments Buy List in late March. The stock is up 38% for us so far. The reality is that Vipshop Holdings profited from an increase in e-commerce sales during the coronavirus pandemic, and it remains well-positioned as many Chinese consumers continue to shop online.

Based in Guangzhou, China, Vipshop Holdings offers brand-name goods at discount prices online. The company has been a pioneer in the ecommerce market in China, and it attracted 29.6 million active customers during its first quarter in fiscal year 2020.

The company noted that first-quarter orders increased 4% year-over-year to 121.7 million. Total revenue came in at $2.7 billion, while earnings jumped 20.8% year-over-year. Adjusted earnings per ADS came in at $0.20, which walloped estimates for $0.11 per share by 81.8%. The company has posted a positive earnings surprise in each of the last four quarters—and if history repeats, the second quarter will be another strong one for the company. VIPS is a Moderately Aggressive buy below $22.

SOM Technicals:

4-25-20: Closed at 16.09. Trade pressures are down. Volumes are bearish. Support at the 25×5 MA at 16.00.

5-2-20: Closed at 15.20. Trade pressures are down. Volumes are bearish. In a new move down. The next target down is 11.53.

5-8-20. Closed at 17.18. Trade pressures are down but rising. Volumes are bullish. Ripped higher at the close. Need a close above 17.25 to change the trend.

5-15-20: Closed at 16.85. Trade pressures are down, but rising. Volumes are bullish. The next target up is 18.95.

5-22-20: Closed at 14.38. Trade pressures are down. Volumes are bearish. Hit 16 and turned lower. A close below 14.16 would signal lower.

5-30-20: Closed at 17.34. Trade pressures are up. Volumes are bullish. Resistance at 18.00.

6-6-20: Closed at 17.97. Trade pressures are up and extended. Volumes are bullish. Support is the 25×5 MA at 16.35.

6-12-20: Closed at 17.72. Trade pressures are yup into the neutral zone. Volumes are bullish. In consolidation between 14 and 18. 200 day MA support at 13.50.

6-20-20: Closed at 21.10. Trade pressures are up. Volumes are bullish. At the 20.20 target level: expect consolidation.

6-26-20: Closed at 19.62. Trade pressures are down. Volumes are bearish. In a retracement down. The next target down is 18.51.

7-4-20: Closed at 20.48. Trade pressures are up. Volumes are now neutral. The next target up is 22.89.

7-10-20: Closed at 21.85. Trade pressures are up but reversing. Volumes are bullish. A close below 21.68 would signal lower.

7-18-20: Closed at 21.63. Trade pressures are down but rising. Volumes are bearish. The next target down is 19.68.

7-24-20: Closed at 20.55. Trade pressures are down. Volumes are bearish. The next target down is 18.20.

 

 

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is testing the resistance, follows the equities. Gold is attempting a move up. Silver is in the move up but close to a new short entry.

Crude oil is near the March gap and may close it before turning down. Natural gas stays in the long move down.

The US 30 Year Treasuries are in the retracement move up.

The US Dollar futures are basing after the sharp May move down.

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S&P 500 futures_

Monthly – In the move up. Trade pressures are up. Volumes closed the month of May as neutral. The next target up is the 3405 high. A close below 2858 would confirm any weekly move lower.

Weekly – In the move up. Trade pressures are up. Volumes are bullish. The next target up is 3230. A close below 2934 would confirm any daily move lower.

Daily – Flat. Still in the move up from the April entry at 2848. Trade pressures are down. Volumes are bearish.

The next target up is the 3220 prior high pivot.

Support is at the 200 day MA at 2998. A close below 2917 would signal a new move lower.

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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 Top 5 portfolio stocks sold off Monday and then worked their way back thru Friday. The portfolio stocks are now up and valued at approximately $100,000, now back to even for the YTD. The 13% gains from these first two months of 2020 evaporated, but so have the down 32% lows of March. The portfolio fundamentals should become more important as the market narrows.

 

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

 

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in the move up reacting to the equity markets. Gold and Silver have moved higher but both have moved down with the dollar rise.

Crude has moved higher but looks lower. Nat Gas could be a new long.

The US 30 year Treasuries are rallying with the dollar.

The US Dollar futures are looking higher into the 200 day MA.

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S&P Futures_

Monthly – In the move up off the lows. Trade pressures are up into the neutral zone. Volumes closed the month of May as neutral. The next target up is the prior high of 3405. A close below 2836 would confirm any weekly move lower.

Weekly – In the move up off the 2430 long entry. Trade pressures are up. Volumes are bullish, even after the big Thursday selloff. The next target up is 3230. A close below 2934 would confirm any daily move lower.

Daily – Short. The Thursday close below 3008 has triggered the short entry. Friday was an opportunity for price improvement. Trade pressures are down and extended. Volumes are neutral.

The next target down is 2917.

A close above 3149 would signal higher. Use that 3149 as the stop (very wide, but volatility dictates).

Daily is very oversold so manage the entries, or perhaps, wait for a better day.

[6-16-20: No short. Now breaking above the 3159 new long entry.]

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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 Top 5 portfolio stocks rallied during the week and then sold off in the sharp drop on Thursday. The portfolio stocks are now valued at approximately $91,000, now down  9% YTD. The 13% gains from these first two months of 2020 evaporated, but so have the down 32% lows of March. The portfolio fundamentals should become more important as the market narrows.

 

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper has moved with the equity markets and is a the 200 day resistance. Gold has moved down sharply. Silver is in a retracement and could signal a new short.

Crude oil has risen very sharply and is over extended. Natural gas appears to be basing but no new bullish volumes just yet.

The US 30 Year Treasuries are in a new move down after the break of the channel.

The US Dollar futures are down as well. But The European moves to stimulate nay moderate the decline.

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S&P 500 Futures_

Monthly – In the monthly move up after the close above the 2858 confirmation level. Trade pressures are rising in the neutral zone. Volumes closed the Month of May as neutral. The next target up is the 3405 prior high. A close blow 2828 would confirm any weekly move lower.

Weekly – In this long move up off the 2440 April long entry. Trade pressures are up Volumes are bullish. The next target up is 3240. A close below 2924 would confirm any Daily move lower.

Daily – A powerful breakout on the Friday jobs numbers. Trade pressures are up and extended. Volumes are bullish. The next target up is 3371.

Those jobs numbers are subject to revision. A close below 2985 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 Top 5 portfolio stocks rallied this week and now are valued at approximately $93,000, now down only 7% YTD. The 13% gains from these first two months of 2020 evaporated, but so have the down 32% lows of March. The portfolio fundamentals should become more important as the market narrows.

 

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