#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.]

#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.]

.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.

#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.

______________________

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.

______________________

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.]

#emini #spfutures #SP500 #ES

Market Pressures_

Copper follows the equity markets up (and down). Gold and Silver are down but near targets.

Crude oil testing resistance, watch for more move down. Natural gas is in a new short move.

US 30YR Treasury Bonds are at downside targets, could see a new move up.

The US Dollar futures have had a nice move up but also at targets, watch for a new move down.

____________________

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 2871 would confirm any weekly move lower.

Weekly – Met the 3048 up side target and at the upper median line resistance. Trade pressures are up and extended. Volumes are bullish. The next target up is 3213. A close below 2964 would confirm many daily  move lower.

Daily – Flat. In the move up form the Oct 4th 2913 long entry. Trade pressures are up and trending. Volumes are bullish. The next target up is 3103. A close below 3037 would signal lower.

The hourly is in a new uptrend. A close below 3077 on the hourly would be an early warning for a correction.

______________________

Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 has moved down this week with the sell off of the defensive names to approximately $110,000, or up about 10 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.]

 

 

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in a new short entry. Gold and Silver seem to be setting up for a pullback.

Crude Oil is basing, but a retest of the lows is likely. Nat gas has had a rally but is ready for a pullback.

The US 30 year Treasuries is ion a new move up.

The US Dollar futures are in a move down, with more to go.

____________________

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 blow 2844 would confirm any weekly move lower.

Weekly – In the  move up from the 2943 new long entry. Trade pressures are up. Volumes are bullish. The next target up is the upper median line at 3094. A close below 2937 would confirm any daily move lower.

Daily – Flat. In the move up from the 2913 Oct 4th long entry. Trade pressures are up. Volumes are bullish. The next target up is 3072. Over-bought and expecting resistance at this next target. A close below 3005 would signal lower.

The hourly is over bought.

______________________

Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 has moved up this week slightly to approximately $114,000, or up about 14 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.]

#emini #spfutures #SP500 #ES

Market Pressures_

Copper has rallied with the equity markets. Gold and Silver have moved sideways; looking for a breakout to the upside after the FED meeting.

Crude Oil is at resistance so a pullback and then a new move up is possible. Natural gas is at a pivot, with up or down equally possible.

US 30yr Treasuries are poised for lower. Again the FED meeting will affect all markets.

The US Dollar futures are in a new move up, but with resistance nearby.

______________________

S&P 500 Futures_

Monthly – New Highs? Trade pressures are up but showing a slight decline. Volumes closed the month of September as bullish. The next target up is 3408. A close below 2808 would confirm any weekly move lower.

Weekly – Touched the prior highs. Trade pressures are up. Volumes are bullish. The next target up is 3048. A close below 2872 would confirm any daily move lower.

Daily – Flat. Continues the move up from the 2913 long entry of Oct 4th. Trade pressures are up. Volumes are bullish. The next target up is the 3029 prior high and then 3072.50. A close below 2966 would signal lower.

May consider standing aside until after the FED meeting on Wednesday.

______________________

Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 has moved down this week slightly to approximately $113,000, or up about 13 percent for the year-to-date which is still trailing the major averages.  Cadence Systems (CDNS) , EuroNet (EEFT), and Hartford Financial Gp (HIG) will be replaced by Chipotle (CMG), Arch Capital (ACGL) and First Amer Financial (FAF) on Monday at the open.

 

[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.

https://navelliergrowth.investorplace.com/

Navellier says,

High-Growth Investments

Arch Capital Group Ltd.

Arch Capital Group Ltd. (ACGL) was added to the High-Growth Investments Buy List in October, so it’s making its first appearance on the Top 5 Stocks list this month. If you recall, Arch Capital Group is a global leader in providing property, casualty and mortgage insurance and reinsurance products.

Through its three main businesses, Arch Capital Group offers a variety of risk solutions and insurance coverage, as well as treaty and facultative property and casualty reinsurance. And the company also focuses on private mortgage insurance, quota share reinsurance and risk-sharing products.

After the stock market closes on Tuesday, October 29, Arch Capital Group will release earnings and sales results for the third quarter. The analyst community is looking for earnings of $0.62 per share on $1.28 billion in revenue, which represents 8.6% annual revenue growth and 5.1% annual earnings growth. Analysts’ estimates have fluctuated slightly in the past three months, but the company has posted a positive earnings surprise in each of the last four quarters. So, I’m expecting another solid report. 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.

 

AutoZone, Inc.

AutoZone, Inc. (AZO) is quite popular with the do-it-yourself mechanic. The company is a leading retailer and provider of automotive parts and accessories in the U.S. AutoZone has more than 6,000 retail stores in all 50 U.S. states, as well as in Washington, D.C., Puerto Rico, Mexico and Brazil. And it not only provides knowledgeable staff to answer automotive questions, AutoZone also offers several free services, including battery testing and charging.

In late September, the company revealed earnings and sales results for its fiscal year 2019. AutoZone achieved earnings of $16 billion, or $63.43 per share, and sales of $11.9 billion. That represented 20.9% annual earnings growth and 5.7% annual sales growth.

AutoZone isn’t expected to release results for its first quarter of fiscal year 2020 until December. Currently, the company is anticipated to announce earnings of $13.82 per share, up from $13.47 per share in the same quarter a year ago. First-quarter sales are forecast to come in at $2.77 billion. AZO is a Conservative buy below $1,212.

SOM Technicals:

4-27-19: Closed at 1033.97. Trade pressures are down. Volumes are bearish. At support after reaching the 1024 target. Now in consolidation with a possible retracement.

5-4-19: Closed at 1033.36. Trade pressures are down but rising. Volumes are bearish. Riding the 25×5 MA as support.

5-11-19: Closed at 1001.03. Trade pressures are down. Volumes are bullish. In a retracement after reaching the target at 1024. The next target down is 975.

5-18-19: Closed at 984.09. Trade pressures are down. Volumes are bearish.In the move down. the next target down is 950.

5-25-19: Closed at 1052. Trade pressures are up. Volumes are bullish. The next new long entry is 1057.58.

5-31-19: Closed at 1026.98. Trade pressures are down into the neutral zone. Volumes are bearish. The next target down is 1000.

6-15-19: Closed at 1119.64. Trade pressures are up. Volumes are bullish. The next target up is 1139.

6-22-19: Closed at 1118.47. Trade pressures are up. Volumes are bullish. The next target up is 1200.

6-28-19: Closed at 1097.83. Trade pressures are down into the neutral zone. Volumes are bullish. expect support at 1078, the 25×5 MA.

7-8-19: Closed at 1130.92. Trade pressures are up. Volumes are bullish. Held support. Next target up is 1200.

7-13-19: Closed at 1163.75. Trade pressures are up. Volumes are bullish. The next target up is 1198.

7-19-19: Closed at 1172.25. Trade pressures are up but turning down. Volumes are still bullish. The next target up is 1196.79.

7-28-19: Closed at 1146.18. Trade pressures are down into the neutral zone. Volumes are bearish. Support at 1133.

8-3-19: Closed at 1096.12. Trade pressures are down. Volumes are bearish. Next support is at the 1010 lower median line.

8-10-19: Closed at 1088.66. Trade pressures are down., Volumes are bearish. Lower median line support at 1016.

8-17-19: Closed at 1091.74. Trade pressures are down but rising. Volumes are bullish. resistance at 1122.

8-25-19: Closed at 1065.28. Trade pressures are up into the neutral zone. Volumes are bearish. Support at 1027.

8-31-19: Closed at 1101.69. Trade pressures are up in the neutral zone. Volumes are bearish. At the 25×5 MA resistance.

9-7-19: Closed at 1143.34. Trade pressures are up. Volumes are bullish. The next target up is 1198.

9-14-19: Closed at 1149.26. Trade pressures are up. Volumes are bullish. the next target up is 1198.79.

9-20-19: Closed at 1159.37. Trade pressures are up. Volumes are bullish. Next target up is 1198.

9-28-19: Closed at 1085.65. Trade pressures are down into the neutral zone. Volumes are neutral.

10-4-19: Closed at 1060.33. Trade pressures are down. Volumes are neutral. Support at 1018, the 200 day MA.

10-18-19: Closed at 1110. Trade pressures are up. Volumes are bullish. Through the 25×5 resistance at 1109.

10-25-19: Closed at 1129.47. Trade pressures are up. Volumes are bullish. Next target up is 1180.

11-2-19: Closed at 1156.25. Trade pressures are up. Volumes are bullish. Next target up is 1198.79.

11-91-9; Closed at 1165.86. Trade pressures are up. Volumes are bullish. The next target up is 1198.79.

11-16-19: Closed at 1171.88. Trade pressures are up. Volumes are bullish. The next target up is 1198.79.

11-22-19: Closed at 1163.87. Trade pressure are down into the neutral zone. Volumes are bearish. Still in uptrend.

 

Chipotle Mexican Grill

Chipotle Mexican Grill (CMG) isn’t your typical fast food restaurant chain. The company prepares Mexican-inspired dishes by hand, using only 51 ingredients and cooking the food in a real kitchen. More often than not, when you step inside a Chipotle restaurant, you can see the chicken or steak sizzling on the hot griddle behind the order counter.

On Tuesday afternoon, Chipotle Mexican Grill smashed analysts’ earnings and sales forecasts for the third quarter. During the quarter, the company achieved adjusted earnings of $3.82 per share, or 76.9% annual earnings growth. Analysts were expecting earnings of $3.22 per share, so CMG posted an 18.6% earnings surprise.

Chipotle Mexican Grill also reported that revenue rose 14.6% year-over-year to $1.4 billion, topping forecasts for $1.38 billion. The Mexican restaurant chain also noted that comparable restaurant sales grew 11% and digital sales soared 87.9%. And the company opened 25 new restaurants in the quarter. CMG is a Moderately Aggressive buy below $859.

SOM Technicals:

10-25-19: Closed at 787.87. Trade pressures are down. Volumes are bearish. Median line support at 766.

11-2-19: Closed at 768.63. Trade pressures are down. Volumes are bearish. At the median line support. 200 Day MA is at 721.00.

11-91-19; Closed at 731.62. Trade pressures are down. Volumes are bearish. Near the 200 day MA support at 731.62.

11-16-19: Closed at 754.66. Trade pressures are up into the neutral zone. Volumes are bullish. The 200 day acting as support.

11-22-19: Closed at 772.61, Trade pressures are up. Volumes are bullish. Basing after testing the 200 day MA.

 

NextEra Energy, Inc.

NextEra Energy, Inc. (NEE) is the largest utility company in the world, as it generates more wind and solar energy than any other company. The company is also a global leader in battery storage. During the third quarter, NextEra Energy added 1,375 megawatts of renewables projects to its backlog. It now totals more than 12,300 megawatts.

Also, for the third quarter, NextEra Energy reported that adjusted earnings increased 12% year-over-year to $1.163 billion, or $2.39 per share, up from $1.038 billion, or $2.17 per share, in the same quarter a year ago. Analysts were expecting adjusted earnings of $2.29 per share, so NEE posted a 4.4% earnings surprise.

For fiscal year 2019, NextEra Energy reiterated that it expects adjusted earnings per share of about $8.32. If achieved, that would represent 8.1% annual earnings growth. The company also recently announced that it will pay a quarterly dividend of $1.25 per share on December 16. All shareholders of record on November 29 will receive the dividend. NEE is a Conservative buy below $253.

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.

 

Sun Communities, Inc.

Sun Communities, Inc. (SUI) is a North American REIT that provides affordable housing options in manufactured homes and RV communities. Sun Communities owns and/or operates 379 communities in 31 U.S. states, including retirement housing options in Arizona and California. Also, the REIT has several RV resort offerings, with RV sites, campsites, vacation homes and rentals.

On Wednesday, Sun Communities posted earnings results for its third quarter. The REIT reported that total revenue rose 12.1% year-over-year to $362.4 million, up from $323.4 million in the same quarter a year ago. Earnings jumped 23.6% year-over-year to $57 million, or $0.63 per share, compared to $46.1 million, or $0.56 per share in the third quarter of 2018. The consensus estimate called for earnings of $0.68 per share on sales of $268.2 million. So, Sun Communities posted a 7.4% earnings miss and 35% sales surprise.

Looking forward, Sun Communities lowered its full-year outlook slightly. The REIT now expects earnings per share between $1.77 and $1.81, down from previous guidance for $1.81 to $1.87. The new earnings outlook is still nicely higher than current analysts’ forecasts for $1.73 per share. Core FFO is forecast to be between $4.86 per share and $4.90 per share. SUI is a Conservative buy below $169.

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.

 

Elite Dividend Payers

Great Ajax Corp.

Great Ajax Corp. (AJX) is making its second-straight appearance on the Top Stocks list since we added it to the Elite Dividend Payers Buy List in the September Monthly Issue. If you recall, Great Ajax Corp. has no association with the popular Ajax cleaning products. Rather, Great Ajax Corp. is a real estate investment trust (REIT) that manages a portfolio of mortgage loans for single-family properties.

Now, we have several REITs in the Elite Dividend Payers Buy List, and the reason why is simple: REITs are required to distribute at least 90% of taxable income to shareholders in the form of dividends. The most-recent quarterly payment was $0.32 per share. AJX has paid a dividend for 17-straight quarters, has a current dividend yield of 8.2% and earns an A-rating in Dividend Grader.

But that’s not all. Great Ajax Corp. also earnings an A-rating in Portfolio Grader, which means it offers a solid mix of income and growth. The REIT is expected to release third-quarter results in early November. The consensus estimate currently calls for earnings of $0.38 per share and revenue of $15.98 million, or 8.3% annual revenue growth and 11.8% annual earnings growth. AJX is a Conservative buy below $16.

SOM Technicals:

9-28-19: Closed at 15.28. Trade pressures are up but turning down. Volumes are bearish. At the 15.25 target expect consolidation.

10-4-19: Closed at 15.35. Trade pressures are up but down near the neutral zone. Volumes are bearish. In consolidation.

10-18-19: Closed at 15.60. Trade pressures are up. Volumes are bullish. Consolidating at the 15.35 target.

10-25-19: Closed at 15.37. Trade pressures are down. Volumes are bearish. 15.22 signals a new downtrend.

11-2-19: Closed at 15.79. Trade pressures are up. Volumes are bullish. In consolidation above the 25×5 MA at 15.57.

11-9-19: Closed at 15.42. Trade pressures are down. Volumes are neutral. At the 25×5 resistance. Expect lower.

11-16-19: Closed at 15.04. Trade pressures are down in the neutral zone. Volumes are bearish. The lower median line at 14.70 should act as support.

11-22-19: Closed at 15.12. trade pressures are down. Volumes are neutral. In the move down and approaching the lower median line support.

 

Coca-Cola European Partners

Coca-Cola European Partners (CCEP) also continues to earn an AA-rating, which is why the stock is making its fourth-straight appearance on the Top Stocks list this month. Coca-Cola European Partners is the largest independent Coca-Cola bottler in the world. The popular soft drink brand is distributed in 13 countries and to more than 300 million people around the globe.

The company plans to announce third-quarter results on Tuesday, October 29. Analysts expect earnings to grow 10.5% year-over-year to $0.42 per share, up from $0.38 per share in the same quarter a year ago. Analysts’ estimates have remained fairly steady over the past three months, but CCEP has posted a positive earnings surprise in each of the last four quarters. So, I wouldn’t be surprised if the company reveals even stronger results.

In addition, Coca-Cola European Partners has paid a quarterly dividend for a whopping 125-straight quarters, or 31 years. The stock currently has a 4.7% dividend yield. CCEP is a Conservative buy below $57.

SOM Technicals:

7-28-19: Closed at 57.33. Trade pressures are in the neutral zone. Volumes are bullish. Consolidating at the 56.49 target. The next target up is 58.58.

8-3-19: Closed at 55.46. Trade pressure are down in the neutral zone. Volumes are bearish. Support at the lower median line at 54.70.

8-10-19: Closed at 55.57. Trade pressures are rising into the neutral zone. Volumes are bullish. The lower median line at 54.50 has acted as support.

8-17-19: Closed at 55.10. Trade pressures are rising in the neutral zone. Volumes are bearish. The next target down is the 200 day MA at 51.19.

8-25-19: Closed at 54.19. Trade pressures are up into the neutral zone. Volumes are bearish. Support at 51.42.

8-31-19: Closed at 56.34. Trade pressures are up. Volumes are bullish. Near a new uptrend breakout at 56.67.

9-7-19: Closed at 55.68. Trade pressures are up but turning down. Volumes are bearish. Testing the resistance at 56.72.

9-14-19: Closed at 55.78. Trade pressures are rising in the neutral zone. Volumes are bearish. testing the upside resistance at 56.72.

9-20-19: Closed at the 56.10. Trade pressures are in the neutral zone. Volumes are bullish. Need a break above the 56.70 resistance level.

9-28-19: Closed at 55.04. Trade pressures are in the neutral zone. Volumes are bearish. Sitting on the median line.

10-4-19: Closed at 56.30. Trade pressures are in the neutral zone. Volumes are bullish. Grinding side ways, the resistance is constantly being tested. Should have a breakout soon.

10-18-19: Closed at 58.77. Trade pressures are up. Volumes are bullish. The next target up is 59.15.

10-25-19: closed at 54.19. Trade pressures are down into the neutral zone. Volumes are bullish. The 200 day has acted as support.

11-2-19: Closed at 53.85. Trade pressures are down. Volumes are bearish. At the 200 day MA support level.

11-9-19: Closed at 55.96. Trade pressures are down. Volumes are bearish. At the down side target of 51.24. In consolidation.

11-16-19: Closed at 51.77. Trade pressures are down but rising. Volumes are neutral. Consolidating at the median line and below the 200 day MA.

11-22-19: Closed at 55.57. Trade pressures are down. Volumes are bearish. New 2H lows. The next target down is 48.09.

 

First American Financial Corporation

First American Financial Corporation (FAF) opened its doors back in 1889 in Orange County, California, to handle home titles in the area. Over the past 130 years, the company has expanded to provide title insurance services and products to help homebuyers, sellers, real estate agents, mortgage lenders, homebuilders, title agencies and legal professionals through residential and commercial property transactions. And its services are available in the U.S., as well as in Canada, Mexico, Korea, Hong Kong, Australia and England.

On Thursday, First American Financial Corporation posted earnings results for its third quarter in fiscal year 2019. The title insurance provider reported third-quarter earnings of $1.65 per share and total revenue of $1.7 billion. The consensus estimate called for earnings of $1.44 per share and total revenue of $1.63 billion, so FAF posted a 14.6% earnings surprise and a slight revenue surprise.

I should add that First American Financial Corporation has paid a dividend for 37-straight quarters. Most recently, the company paid a dividend of $0.42 per share in September. The stock has a 2.8% dividend yield. FAF is a Conservative buy below $67.

SOM Technicals:

10-25-19: Closed at 62.22. Trade pressures are up. Volumes are neutral. A breakout above the upper median line at 60.35 sets up the next target up at 65.26.

11-21-19: Closed at 61.98. Trade pressures are up. Volumes are bullish. Had the breakout. The next target up is 65.25.

11-9-19: Closed at 62.74. Trade pressures are up. Volumes are bullish. The next target up is 65.26.

11-16-19: Closed at 63.90. Trade pressures are up. Volumes are bullish. The next target up is 65.26.

11-22-19: Closed at 62.61. Trade pressures are are down in the neutral zone. Volumes are bearish. The next target up is 65.26 with support at 62.

 

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in a move up. Gold and Silver should have a few days of an upmove but against weekly down pressures.

Crude Oil is near a new long entry. Natural Gas is also near a new long entry.

The 30 year Treasury Bond is expecting some retracement up for a few days.

The US Dollar futures are at the end of the retracement move down. expect retracement or consolidation.

______________________

S&P 500 Futures_

Monthly – In the move up. Trade pressures are up. Volumes closed the month of September as bullish. The next target up is 3408. A close below 2808 would confirm any weekly move lower.

Weekly – In the move up from the 2942 new long entry. Trade pressures are rising out of the neutral zone. Volumes are bullish. The next target up is 3048. A close below 2901 would confirm any daily move lower.

Daily – Flat. In the move up from the 2913 Oct 4th long entry. Trade pressures are up but turning down. Volumes are bullish. The next target up is 3008. A close below 2951 would signal lower. With the weekly pressures still up, the expectation is that any move down is a correction within the uptrend until 2951 is breached.

______________________

Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 has moved up this week slightly to approximately $115,000, or up about 15 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.]

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is near a new long entry. Gold and silver seem to go higher from here.

Crude oil has pulled back and seems done with the pullback. Natural gas is consolidating and ready for a new move higher.

The US 30 year treasuries are in the move up.

The US Dollar futures are lower with more to go.

______________________

S&P 500 Futures_

Monthly – Been in this slowly rising channel since the December of 2017. Trade pressures are up. Volumes closed the month of September as bullish. The next target up is 3408. A close below 2808 would confirm any weekly move lower.

Weekly – In the move up from the 2942 long entry price. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is the prior high of 3032. A close below 2901 would confirm any daily move lower.

Daily – Flat. In the move up from the 2913 new long entry. Trade pressures are down but rising. Volumes are now neutral. The spike down would have provided an opportunity to take bigger profits in the previous short. But we are on semi-automatic and so the short trade was stopped out at the 2932 level. The pressures favor another short, so look for opportunities around the close of the daily gap at 2938.

______________________

Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 has moved down this week slightly to approximately $114,000, or up about 14 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.]