#emini #spfutures #SP500 #ES

Market Pressures _

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

Crude Oil pulls back after the Fire spike. Natural Gas is in a move down.

The US Treasuries have entered a new move up but doesn’t look sustainable.

The US Dollar futures are in a new leg up as flows move to the US.

______________________

S&P 500 Futures_

Monthly – In the move up. Trade pressures are up. but losing momentum. Volumes closed the month of August 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. Trade pressures are now up. Volumes are bullish. The next target up is 3048. A close below 2901 would confirm any daily mover lower.

Daily – Short. In the new move down with the close below 2965. Trade pressures are down. Volumes are bearish. The next target down is 2868. A close above 3004 would signal a restart of the  move up and would act as the stop.

[10-1-19: lower stops to the 2965 short entry price.]

[10-2-19: Lower stops to the 2932 level.]

______________________

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.  Ubiquiti (UI) is replaced with Cadence (CDNS). Arbor Realty (ABR) and Capitol Southwest Corp (CSWC) will be replaced by Great Ajax (AJX) and Hartford Financial (HIG) 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

AutoZone, Inc.

Prior to the opening bell on Tuesday, AutoZone, Inc. (AZO) released earnings and sales results for its fourth quarter in fiscal year 2019. The auto parts retailer reported that sales increased 12.1% year-over-year to $4.0 billion, which topped analysts’ forecasts for $3.93 billion. Domestic same-store sales rose 3% year-over-year during the quarter, and the company opened 86 new stores in the U.S.

For the fourth quarter, AutoZone also achieved earnings of $164.9 million, or 41.2% annual earnings growth and earnings per share of $22.59, or 50.4% annual earnings per share growth. Adjusted earnings per share were $20.95, up from $18.54 per share in the same quarter a year ago. That fell short of analysts’ estimates for adjusted earnings of $21.80 per share, so AutoZone posted a 3.9% earnings miss.

For fiscal year 2019, AutoZone posted 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. The company also opened 209 new stores around the world and bought back $2 billion worth of stock.

Overall, this was a strong fourth-quarter and full-year 2019 report. AZO remains a Conservative buy below $1,161.

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.

 

Cadence Design Systems

Cadence Design Systems (CDNS) provides electronic design automation (EDA) software and hardware, which are used to develop analog, RF, mixed-signal and custom chip designs. This week, the company revealed that its tools received the latest N6 and N5/N5P Design Rule Manual and SPICE certifications, which aid in the development of next-generation mobile applications.

Cadence Design Systems also recently unveiled the Celsius Thermal Solver. As the industry’s first electrical-thermal co-simulation solution, the Celsius Thermal Solver helps electronics developers uncover and solve any overheating issues more quickly in the development process.

As the company continues to receive new certifications and develop new solutions, its systems remain in top demand, which is adding nicely to its top and bottom lines. For the third quarter, analysts are expecting earnings of $0.51 per share on $576.37 million in revenue. And analysts have upped earnings estimates slightly in the past three months. CDNS is a Conservative buy below $70.

SOM Technicals: 

9-28-19: Closed at 65.29. Trade pressures are in the neutral zone. Volumes are neutral. Support is at 62.16 the 200 day MA.

10-4-19: Closed at 65.30. Trade pressures are in the neutral zone. Volumes are bullish. Testing the upside resistance at 56.78.

10-18-19: Closed at 65.60. Trade pressures are down into the neutral zone. Rally stalled with the China GDP drop.

 

Euronet Worldwide, Inc.

Euronet Worldwide, Inc. (EEFT) is making its second-straight appearance on the Top 5 Stocks list since we added the stock to the High-Growth Investments Buy List in August. The company is one of our payment processors, as it provides secure payment and transaction processing for consumers, financial institutions, retailers and service providers.

Euronet Worldwide has consistently increased its top line thanks to strategic initiatives to expand the company’s reach. In fact, Euronet Worldwide has formed partnerships with global banks to increase its ATM network—and it’s paying off. The company ended the second quarter with 46,636 ATMs, which represented a 13.2% year-over-year increase.

During the second quarter, the company also achieved revenue of $691.9 million and adjusted earnings per share of $1.69. That represented 11% annual revenue growth and 28% annual earnings growth. And for the third quarter, the consensus estimate calls for 15.5% annual revenue growth and 30.1% annual earnings growth. EEFT is a Conservative buy below $155.

SOM Technicals:

8-31-19: Closed at 153.14. Trade pressures are up. Volumes are bearish. Needs to break above the 25×5 MA at 153.14

9-7-19: Closed at 152.34. Trade pressures are up but rolling over. Volumes are bearish. The next target down is 141.10.

9-14-19: Closed at 143.73. Trade pressures are down. Volumes are bearish. the next target down is the 200MA at 140.07.

9-20-19: Closed at 145.85. Trade pressures are down but rising. volumes are neutral. 200 day MA support at 140.79.

9-28-19: Closed at 143.54. Trade pressures are rising into the neutral zone. Volumes are neutral. Support is just under the current price at 141.63.

10-4-19: Closed at 149.00. Trade pressures are up into the neutral zone. Volumes are bullish. Sitting on the 200 day support line.

10-18-19: Closed at 145.76. Trade pressures are in the neutral zone. Volumes are neutral. Sitting on the 200 day MA.

 

NextEra Energy, Inc.

NextEra Energy, Inc. (NEE) is the largest utility company in the world. Through its electric companies in Florida, a renewable energy business and several subsidiaries, the company provides electricity, wind and sun energy, battery storage and nuclear power. Given that I live in Florida, my family plugs our Audi e-tron into the NextEra Energy smart grid and benefits from cheap electricity and low natural gas prices.

NextEra Energy is one of the few companies on the High-Growth Investments Buy List that offers a nice blend of growth and income. The company reported 14.6% annual earnings growth in the second quarter, and analysts are expecting 4.1% annual earnings growth in the third quarter.

In regards to income, NextEra Energy has paid a dividend for 134-straight quarters, or for more than 33 years. And the company has increased its dividend by nearly 13% in the past year. NEE recently paid a quarterly dividend of $1.25 per share on September 16. The stock has a 2.2% dividend yield. NEE is a Conservative buy below $247.

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.

 

Sun Communities

Sun Communities (SUI) is a real estate investment trust (REIT) with properties in the U.S. and Ontario, Canada. The REIT primarily operates manufactured home communities, as well as RV resorts and campgrounds. In September, Sun Communities added Leisure Point Resort, a manufactured home community and RV campground near Rehoboth, Delaware, to its portfolio.

Sun Communities has benefited from positive analyst revisions in recent months. For the third quarter, analysts have upped earnings estimates by 6.3% and are now expecting earnings per share to jump 21.4% year-over-year to $0.68 per share. The REIT will release third-quarter results on October 23.

The REIT will also continue to reward its shareholders in October. Sun Communities will pay a third-quarter dividend of $0.75 per share on October 15. All shareholders of record on Monday, September 3 will receive the dividend. The stock has a 2.0% dividend yield. SUI is a Conservative buy below $158.

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.

 

Elite Dividend Payers

Great Ajax Corp.

Great Ajax Corp. (AJX) was one of our new additions to the Elite Dividend Payers Buy List in September. As a real estate investment trust (REIT), Great Ajax Corp. manages a portfolio of mortgage loans for single-family properties in the U.S., invests in multi-family residential and commercial properties and holds real estate-owned single-family residences.

In the second quarter, Great Ajax Corp. reported that earnings jumped 55.6% year-over-year to $0.56 per share. That topped analysts’ expectations for $0.39 per share by 43.6%. The REIT also noted that it acquired a multi-family rental property for $2.3 million during the quarter.

As a REIT, AJX has continued to reward its shareholders quarter-after-quarter. It has paid a dividend for 17-consecutive quarters, or for more than four years. AJX also upped its quarterly dividend by nearly 7% in the past year. The last dividend of $0.32 per share was paid on August 30. The stock has a healthy 8.3% dividend yield. AJX remains 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.

 

Coca-Cola European Partners

Coca-Cola European Partners (CCEP) has been a staple on the Top Stocks list since we added the stock to the Buy List back in June. The company is the largest independent Coca-Cola bottler in the world, as it bottles and sells the popular soda brand in 13 countries. And it has consistently maintained its AA-rating over the past few months, meaning it offers the perfect mix of income and growth.

Recently, the company made a move to further advance its commitment to the environment by using more recyclable products. Coca-Cola-European Partners is replacing the current plastic shrink wrapping used to transport and package multipack cans. The plastic wrap will be replaced with 100% recyclable cardboard packaging. Coca-Cola European Partners plans to have all of its packaging materials either recyclable or reusable by 2025.

Along with its commitment to the environment, CCEP also remains committed to its shareholders. The company has paid a dividend for 126-consecutive quarters, which equates to more than 31 years. CCEP paid a $0.62 per share dividend in the first half of 2019, up 19% from the dividend paid in the first half of 2018. The stock has a 2.8% 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.

 

The Hartford Financial Services Group, Inc.

The Hartford Financial Services Group, Inc. (HIG) was the second stock that we added to the Elite Dividend Payers Buy List last month. You may recall that the company is commonly referred to as The Hartford, and that it’s operated as primarily an insurance and financial services company since 1810. The Hartford offers all your common forms of insurance, including life, automobile and homeowners, as well as investment products, mutual funds, savings plans and annuities.

What’s great about The Hartford is that its fundamentals are steadily improving in 2019. During the second quarter, the company reported core earnings of $485 million, or $1.33 per share, which represented 18% annual earnings growth. It also topped estimates for $1.14 per share. For the third and fourth quarters, the analyst community is expecting 5.2% and 74.4% annual earnings growth, respectively.

The company has also paid a dividend for a stunning 94-straight quarters—and consistently upped this quarterly dividend. In fact, The Hartford has increased its quarterly dividend by 66% in the past five years alone. The next dividend of $0.30 per share will be paid on October 1 to all shareholders of record on September 3. The stock has a 2.0% dividend yield. HIG is a Conservative buy below $63.

SOM Technicals:

9-28-19: Closed at 60.45. Trade pressures are in the neutral zone. Volumes are bullish. The next target up is 64.74.

10-4-19: Closed at 59.51. Trade pressures are down in the neutral zone. Volumes are neutral. After the breakdown, a retest of the 25×5, then expect lower.

10-18-19: Closed at 59.00. Trade pressures are down into the neutral zone. Volumes are bullish. Downtrend points to the 55.00 level.

 

#emini #spfutures #SP500 #ES

Market Pressures _

Copper is in a retracement move down. Gold is consolidating inside the move down. Silver is consolidating inside its move down.

Crude Oil is in the move down. Natural gas is also in the move down.

The US 30 year Treasury Bond is near a new long entry.

The US Dollar futures are in a tight consolidation around the 98 level.

_______________________

S&P 500 Futures_

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

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

Daily – Flat. In consolidation at these old highs. Trade pressures are up but turning down. Volumes are bearish.

The next target up is the prior high of 3020, then 3072.

A close below 2965 would signal lower.

The 60 minute chart is in the move down already woith a 2979 downside target nearby.

______________________

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 remains in the move up. Gold and silver a re pressing down.

Crude Oil Is in a short trade but looks like a new move up is close. Natural gas remins in the move up.

The US 30 Year Treasury Bond is in the sharp move down.

The US Dollar futures are is a slow move down.

______________________

S&P 500 Futures_

Monthly – Six months in the the new monthly move up. Trade pressures are up. Volumes closed the month of August as bullish. The next target up is 3408. A close below 2808 would confirm any weekly mover lower.

Weekly – In the new move up from the 2942 new long entry. Trade pressures are in 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 August 26th move up thru 2845. Trade pressures are up. Volumes are neutral.

The next target up is 3072.

At the median line and near the prior highs, which should signal some profit taking. A close below 2963 would signal lower.

______________________

Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 and remains  approximately $112,000, or up about 12 percent for the year-to-date which is 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 move up. Gold and Silver are now in new moves down.

Crude Oil is moving side ways but near a new short entry. Nat Gas is in the move up.

The US Treasuries are in a retracement move down.

The US Dollar futures are also in the retracement move down.

______________________

S&P 500 Futures_

Monthly – Remains in the move up off the 2904 new long entry. Trade pressures are up. Volumes closed the month of August as Bullish. The next target up is 3408. A close below 2808 would confirm any weekly move lower.

Weekly – The weekly move down from 2901 is now stopped out by the close above the 2942. Trade pressures are in the neutral zone. Volumes are bullish. A close once again below 2901 would confirm any daily move lower.

Daily – In the move up from the Aug 28th recross above the 2846 long entry. Trade pressures are up. Volumes are bullish. Now consolidating above the 2959 target and the 3010 down trend resistance line. The next target up is the prior high at 3020. A close below 2928 would signal lower.

______________________

Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 and remains  approximately $113,000, or up about 13 percent for the year-to-date which is 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 move up, but pulling back. Gold and silver both are in consolidation at prior highs.

Crude Oil is matching the market trading in a wide channel. Natural Gas is in the long trade.

The US 30 Year Treasuries are also in consolidation; a move below 164 would signal lower.

The US Dollar futures are reaching for the 99.00 level.

______________________

S&P 500 Futures_

Monthly – The month closed down. Trade pressures are up. Volumes closed the month of August as Bullish despite the down Month. The next target up is 3408. A close below the 2808 level would confirm any weekly close lower.

Weekly – In the move down after a close below 2870. Trade pressures are down. Volumes are neutral. The next target down is 2712. A close above 2942 would confirm any daily move higher.

Daily – Flat. A previous short position was stopped out with a small gain. Trade pressures are up. Volumes are bullish.

The next target up is 2959. The 25×5 MA is acting as resistance here. A close below 2886 would reestablish the short position. The 60 minute short entry is below 2914.

Downward time pressures end on 9-5; so tight stops on any short positions.

[9-3-19: Short at 2914. Set stops at 2926. Lower stops to BE asap.]

[9-4-19: Stopped out at the 2914 short entry price.]

______________________

Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 and remains  approximately $113,000, or up about 13 percent for the year-to-date. Cadence Design Systems (CDNS) is replaced by Euronet Worldwide (EEFT). Ingersol Rand (IR) and Insperity (NSP) are replaced by Arbor Realty (ABR) and Capital Southwest (CSWC).

These changes will be effective at the Tuesday 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

AutoZone, Inc. (AZO) is making its fifth-straight appearance on the Top 5 Stocks list this month. The leading retailer of automotive parts and accessories continues to benefit from the “do-it-yourself” trend, as more Americans look to perform their own automotive maintenance. And I suspect this will be apparent in the company’s upcoming earnings report.

AutoZone will release earnings and sales results for its fourth quarter in fiscal year 2019 on September 24. The analyst community expects earnings of $21.79 per share on $3.93 billion in revenue, or 10.5% annual revenue growth and 17.5% annual earnings growth.

Now, earnings estimates have fluctuated a bit over the past three months. But AutoZone has posted a positive earnings surprise in each of the last four quarters, and I expect this trend to continue. AZO is a Conservative buy below $1,177.

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.

 

Euronet Worldwide, Inc. (EEFT) was a new addition to the High-Growth Investments Buy List in the August Growth Investor Issue. If you recall, Euronet Worldwide is a payment processor that provides secure, convenient and affordable payment and transaction processing for consumers, financial institutions, retailers and service providers around the world.

For the second quarter, Euronet Worldwide posted double-digit earnings and sales growth, and as a result, analysts’ have upped fiscal year estimates recently. First, for the second quarter, EEFT achieved revenue of $691.9 million and earnings of $1.69, or 11% annual sales growth and 28% annual earnings growth. The consensus estimate called for earnings of $1.69 per share on $690.24 million in sales.

Looking ahead, analysts are expecting 11.5% annual sales growth and 26.4% annual earnings growth in fiscal year 2019. EEFT is a Conservative buy below $164.

SOM Technicals:

8-31-19: Closed at 153.14. Trade pressures are up. Volumes are bearish. Needs to break above the 25×5 MA at 153.14

9-7-19: Closed at 152.34. Trade pressures are up but rolling over. Volumes are bearish. The next target down is 141.10.

9-14-19: Closed at 143.73. Trade pressures are down. Volumes are bearish. the next target down is the 200MA at 140.07.

9-20-19: Closed at 145.85. Trade pressures are down but rising. volumes are neutral. 200 day MA support at 140.79.

 

 

NextEra Energy, Inc. (NEE) has been incredibly resilient during the market’s wild gyrations in August. The stock is up about 5% in the past five weeks. Clearly, the world’s largest utility company benefited from the extremely hot weather that plagued much of the U.S. and Europe this summer.

While these results won’t show up until the company’s third-quarter report, second-quarter earnings were also solid. During the second quarter, earnings increased 14.6% year-over-year to $1.33 billion, or $2.35 per share, topping estimates for $2.31 per share. For the third quarter, earnings are forecast to grow 4.1% year-over-year to $2.27 per share.

NextEra Energy is also a strong dividend play for us. The company recently upped its third-quarter dividend by 12.6%. NextEra Energy will pay a quarterly dividend of $1.25 per share on September 16 to all shareholders of record on August 29. The stock has a 2.2% dividend yield. NEE is a Conservative buy below $235.

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.

 

Sun Communities, Inc. (SUI) also exhibited tremendous relative strength in August, climbing about 11% higher over the past five weeks. Sun Communities is a REIT that focuses on acquiring and managing manufactured homes and RV communities in the U.S. and Canada. The REIT owns and/or operates 379 communities, as well as has a portfolio of more than 132,000 developed sites.

Recently, Sun Communities announced its plans to acquire 31 manufactured housing communities for $343.6 million. The 31 communities are located in eight U.S. states and include 5,230 developed sites, as well as 460 expansion sites. The deal is part of the REIT’s merger with Jensen’s, Inc., which will become a subsidiary of Sun Communities when the acquisition is complete.

As a REIT, Sun Communities also has a long history of rewarding shareholders; it’s paid a quarterly dividend for 103-straight quarters. The REIT most recently paid $0.75 per share on July 15. The stock has a 2% dividend yield. SUI is a Conservative buy below $158.

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.

 

Ubiquiti, Inc. (UI), formerly Ubiquiti Networks (UBNT), rounds out the Top 5 Stocks list this month. As we discussed in the August 23 Weekly Update, Ubiquiti officially changed its name and symbol and started trading under them on the NYSE on August 20. The change was mentioned in the company’s recent earnings report and was likely due to a listing requirement for the NYSE. (The stock previously traded on the NASDAQ.)

Ubiquiti provides professional networking products around the world. In fact, the company ships about 85 million devices that are used to build network infrastructure in more than 200 countries and territories. So, it’s no wonder that Ubiquiti continues to grow its top and bottom lines.

In fiscal year 2019, Ubiquiti achieved earnings of $4.77 per share on $1.2 billion in revenue, or 29.3% annual earnings growth and 14.2% annual revenue growth. Looking forward to fiscal year 2020, analysts are forecasting 14% annual earnings growth and 9.8% annual revenue growth. UI is an Aggressive buy below $127.

SOM Technicals:

5-25-19: Closed at 126.88. Trade pressures are down. Volumes are bearish. The 200 day MA is below at 116.51.

5-31-19: Closed at 120.31. Trade pressures are down. Volumes are neutral. Support is at 117.35, the 200 day MA.

6-15-19: Closed at 128.24. Trade pressures are up into the neutral zone. Volumes are bearish. Then 25×5 MA is acting as resistance.

6-22-19: Closed at 128.42. Trade pressures are in the neutral zone. Volumes are bearish. Support is at 120.65, the 200 day MA.

6-28-19: Closed at 131.50. Trade pressures are in the neutral zone. Volumes are bullish. support remains at 121, the 200 day MA.

7-8-19: Closed at 133.03. Trade pressures are up. Volumes are bullish. A new long at 137.92.

7-13-19: Closed at 129.97. Trade pressures remain in the neutral zone. Volumes are bearish. 123.15 is support at the 200 day MA.

7-19-19: Closed at 133.44. Trade pressures are up. Volumes are bullish. 137.92 is new long entry.

7-28-19: Closed at 135.05. Trade pressures are up. Volumes are bullish. The next target up is 137.92.

8-3-19: Closed at 122.22. Trade pressures are down in the neutral zone. Volumes are now bullish. Support is the lower median line at 117.29.

8-10-19: Closed at 113.95. Trade pressures are down. Volumes are bullish. Price has broken down below the 200 day MA.

8-17-19: Closed at 110.39. Trade pressures are down hard. Volumes are bearish. The next target down is 102.19.

8-25-19: Closed at 108.75. Trade pressures are down hard. Volumes are bearish. Even the buybacks don’t help.

8-31-19: Closed at 110.51. Trade pressures are down but rising. Volumes are bullish. Consolidating at the weekly lows.

9-7-19: Closed at 114.47. Trade pressures are up into the neutral zone. Volumes are bullish. At the 25×5 MA now acting as first resistance.

9-14-19: Closed at 116.62. Trade pressures are in the neutral zone. Volumes are neutral. below the 200 day MA, but rising.

9-20-19: Closed at 118.47. Trade pressures are up in the neutral zone. Volumes are bullish. Above the 25×5 MA and below the 200 day MA. Need the breakout above the 200 day at 128.59.

 

 

Elite Dividend Payers

Arbor Realty Trust(ABR) is a REIT that primarily deals with loans and services for senior housing, multifamily housing, healthcare and other commercial real estate assets. The REIT services a multibillion dollar portfolio that includes real estate loans for several investors like Fannie Mae. In fact, Arbor Realty Trust has been a Top 10 Fannie Mae DUS Multifamily lender for more than 10 years.

And, as a REIT, Arbor Realty Trust continues to rewards its shareholders quarter-after-quarter. It has paid a dividend for 29-consecutive quarters. The company will next pay a dividend of $0.29 per share on Tuesday, September 3. All shareholders of record on August 15 will receive the dividend. The stock has an 8.6% dividend yield. ABR is a Conservative buy below $14.

SOM Technicals:

8-31-19: Closed at 12.55. Trade pressures are up. Volumes are bullish. Testing the downward sloping upper median line.

9-7-19: Closed at 12.35. Trade pressures are in the neutral zone. Volumes are bearish. Moving sideways along the 200 day MA.

9-14-19: Closed at 12.84. Trade pressures rising in the neutral zone. Volumes are bullish. Has broken out above the upper median line.

9-20-19: Closed at 13.19. Trade pressures are up. Volumes are bullish. Breaks out of the down trend as quality yields are chased.

 

Coca-Cola European Partners (CCEP) remains one of my favorite Elite Dividend Payers, as the company continues to increase its quarterly dividend and boast solid top- and bottom-line growth. The Coca-Cola products distributor has paid a dividend for an incredible 126-straight quarters. The company’s next quarterly dividend will be paid on December 3 to all shareholders of record on November 19.

During the first six months of 2019, CCEP reported that revenue grew 7% year-over-year to 5.8 billion euros and operating earnings increased 10.5% year-over-year to 770 million euros. Looking ahead to fiscal year 2019, the company expects low single-digit revenue growth and 10% to 11% annual earnings per share growth. CCEP is a Conservative buy below $59.

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.

 

Capital Southwest Corporation (CSWC) exhibited incredible relative strength during the volatile month of August. In fact, over the last five weeks, the stock climbed about 3% higher. In comparison, the S&P 500 dropped about 3.3%. Clearly, CSWC was not susceptible to the market’s wild swings in August.

Part of the stock’s strength recently can be attributed to a stunning earnings report for its first quarter in fiscal year 2020. The asset management company achieved first-quarter earnings of $0.42 per share, which was up 44.8% year-over-year from $0.29 per share. The analyst community was expecting earnings of $0.40 per share, so CSWC posted a 5% earnings surprise.

Capital Southwest Corporation has also continued to increase its quarterly dividend over the past 15 quarters. The company will pay a dividend of $0.50 per share (a regular dividend of $0.40 per share and a supplemental dividend of $0.10 per share) on September 30 to all shareholders of record on September 16. CSWC is a Conservative buy below $22.

SOM Technicals:

8-31-19: Closed at 21.32. Trade pressures are down into the neutral zone. Volumes are neutral. At the 200 day MA support line.

9-7-19: Closed at 21.66. Trade pressures are down into the neutral zone. Volumes are bearish. the 21.12 200 day support has held.

9-14-19: Closed at 21.42. Trade pressures are neutral. Volumes are bearish. riding the rising 200 day MA.

9-20-19: Closed at 22.04. Trade pressures are up. Volumes are bullish. A close above the 22.10 would start a new uptrend.

#emini #spfutures #SP500 #ES

Market Pressures_

Copper testing the lows again. Gold and silver are the  safe havens from economic silliness.

Crude Oil wants to go higher. Natural Gas is in a new move up.

US 30yr Treasuries are in the sharp move up. Hard to trade.

The US Dollar futures are in the sharp move down as the confidence in this administration drops.

______________________

S&P 500 Futures_

Monthly – Down for the month. Trade pressures are up but now turning down. Volumes closed the month of July as bullish. The next target up is the prior high at 3029. A close below the 2808 leve would confirm the weekly move lower.

Weekly – In the move down. Trade pressures are down. Volumes are neutral. The next target down is 2712. A close above 2942 would confirm any daily move higher.

Daily – Short. The close below 2879 on Friday triggered the short entry. Trade pressures are down into the neutral zone. Volumes are bearish.

The next target down is 2795.

A close above back above the 2845 level would signal higher; and should be set as the stop.

[8-26-19: Stopped out in the early morning session, with a small profit.]

______________________

Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 and remains  approximately $110,000, or up about 10 percent for the year-to-date, even after the market correction.

 

[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 move up. Gold remains in the move up but with a short entry nearby. Silver is also consolidating and near a new short entry.

Crude Oil is in a retracement move higher after the larger move down. Natural Gas is in a retracement move up.

The US 30 year Treasury Bonds are at new contract highs.

The US Dollar futures are the beneficiary of inflows looking for safety and yields.

___________________

S&P 500 Futures

Monthly – In the move up from the 2904 new long entry. Trade pressures are up, Volumes closed the month of July as bullish. The next target up is 3408. A close below 2808 would confirm any weekly move lower.

Weekly – The close below 2901 has confirmed the daily move lower. Trade pressures are down into the neutral zone. Volumes are now neutral. The next target down is 2712. A close above 2942 would confirm any daily move higher.

Daily – Flat. In the move lower from the close below 2884 inside the longer cycle move up from the 2845 level. Trade pressures are down into the neutral zone. Volumes are neutral. The next target down is 2795.

A close above the 2944 pivot would signal higher.

The 25×5 MA at 2950 is resistance and the June low pivot is 2734.

______________________

Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 and remains  approximately $111,000, or up about 11 percent for the year-to-date, even after the market correction.

 

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

Market Pressures _

Copper is in a new retracement move up following the equities. Gold would signal lower with a break of the 1500 level. Silver is near a new short entry.

Crude oil is in a retracement up. Natural gas is at new lows with a possible new long nearby.

The US 30 Year Treasuries are at highs.

US Dollar futures are near a new short entry.

___________________

S&P 500 Futures_

Monthly – In the upper range of the monthly bar. Trade pressures are up. Volumes closed the month of July as bullish. The next target up is 3408. A close below the 2802 level would confirm any weekly move lower.

Weekly – A recovery week from the daily lows. Trade pressures are up but turned down. Volumes are bullish. The next target up is 3048. A close below 2901 would confirm the daily move down.

Daily –  Long. In the move up from the 2846 entry price. Trade pressures are down but rising. Volumes are now neutral. The next target up is 2959 and just above that is the 25×5 MA. Expect resistance at these next upside levels.

A close below 2880 would signal lower. Set the stop at 2880.

____________________

Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 and is now approximately $111,000, or up about 11 percent for the year-to-date, even after the market correction.

 

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