Category: Public

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in the move down. Gold rallied on the uncertainty of the new tweets. Silver looks lower soon.

Crude oil is in the move down but a new long entry is nearby. Natural gas continues the slow decline.

The US 30 Year Treasury Bonds are at contract highs and could be poised for a new short entry.

The US Dollar futures are in a retracement after making these new highs.

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S&P 500 Futures_

Monthly – Starting the new August month with a down note. Trade pressures are still up. Volumes closed the month of July as bullish. The next target up is 3408. A close below 2802 would confirm any weekly move lower.

Weekly – A week of retracement off the recent highs. Trade pressures are up. Volumes are bearish. The next target up is 3048. A close below 2901 would confirm the daily move lower.

Daily – Short. In the move down from the 2974 short entry. Trade pressures are down. Volumes are bearish. At the June low pivot; expect some small retracement up here, but the next target down is 2884. The following 2798 target would all but eliminate the entire June -July rally.

A close above 2983 would restart the move up. Move the stop to the 2950 level.

Hard to time these incoherent “tweet” driven markets.

[8-5-19: Lower stops to the 2874, taking profits at this level.]

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Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 and is now approximately  $112,000. This is a significant drop but still leaves the portfolio up nicely for the year. The new addition Insperity (NSP) caused at least half of the decline missing the earnings expectations disappointing the market and dropping 30 points.

 

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

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in a retracement down. Gold is in consolidation after the run to the 1440 levels. Silver is similarly consolidating at the 16.50 levels.

Crude is quiet but indicating a second leg down soon. Natural Gas is down but near the end of the move.

The US 30 year Treasuries are in neutral at the 155 levels.

The US Dollar futures are up sharply and should find resistance at the 98 level.

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S&P 500 Futures_

Monthly – New highs. Trade pressures are up. Volumes closed the month of June as Bullish. The next target up is 3408. A close below 2802. would confirm any weekly move lower.

Weekly – In the move up from the 2880 new long entry level. Trade pressures are up. Volumes are bullish. The next target up is 3048. A close below 2901 would confirm any daily move lower.

Daily – Flat. In the uptrend and in the move up from the July long entry at 2969. Trade pressures are up. Volumes are bullish.

The next target up is 3067.

A close below 2974 would signal a new move lower.

[8-1-19: Closing below the 2974 level triggers the new short entry. Set the stop at the 3020 level.]

[8-2-19: Lower stop to 2950.]

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Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 and is now approximately  $117,000. The August update has a few changes. Chipotle  (CMG), Arbor (ABR) and Capital Southwest (CSWC) are dropped. Sun Communities (SUI), Coca Cola European Partners (CCEP) and Insperity (NSP) are added. These changes will take place at the Monday open prices.

 

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

Navellier Top Stocks for August

High-Growth Investments

AutoZone, Inc. (AZO) has secured a spot on the Top 5 Stocks list for four-consecutive months. As you know, AutoZone is a leading retailer and provider of automotive parts and accessories in the U.S. The company operates more than 6,000 retail stores in the U.S., as well as in Washington, D.C., Puerto Rico, Mexico and Brazil.

AutoZone has earned a spot on the Top 5 Stocks list again given its ability to expand its top and bottom lines, as well as consistently top analysts’ earnings expectations. The company has posted a positive earnings surprise in each of the last four quarters.

Now, AutoZone is expected to release results from its fourth quarter in fiscal year 2019 in mid- to late-August. The analyst community is looking for earnings of $21.80 per share and revenue of $3.93 billion, which represents 10.5% annual revenue growth and 17.6% annual earnings growth. And analysts have increased earnings estimates in the past week alone—and that bodes well for another quarterly earnings surprise. AZO is a Conservative buy below $1,228.

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.

 


Cadence Design Systems, Inc. (CDNS), our provider of electronic design automation software and hardware, pulled back early this week in the wake of its second-quarter report. However, the dip was merely profit taking and I view this dip as a great buying opportunity. Consider this…

Cadence Design Systems reported that second-quarter revenue rose 11.9% year-over-year to $580 million, which topped expectations for $579.48 million. Earnings increased 27.8% year-over-year to $161 million, or $0.57 per share, beating analysts’ forecasts for $0.53 per share by 7.5%.

Given the strong second-quarter results, Cadence Design Systems increased their revenue and earnings outlook for fiscal year 2019. Total revenue is now forecast to be between $2.32 billion and $2.34 billion, and earnings per share are expected to be between $2.11 and $2.17. That’s nicely higher than current forecasts for earnings of $2.10 per share and revenue of $2.32 billion. CDNS is a Conservative buy below $82.

SOM Technicals:

4-27-19: Closed at 68.22. Trade pressures are up. Volumes are neutral. At the highs with a new long entry at 69.21 above.

5-4-19: Closed at 70.27. Trade pressures are up. Volumes are bullish. In a new move up from the 68.45 level.

5-11-19: Closed at 69.36. Trade pressures are up but declining. Volumes are bullish. At the new long entry of 68.45.

5-18-19. Closed at 68.66. Trade pressures are up. Volumes are neutral. In the move up from the 68.45 long entry.

5-25-19: Closed at 63.99. Trade pressures are down. Volumes are bearish. The next target down is the 62.82 prior low.

5-31-19: Closed at 63.57. Trade pressures are down, Volumes are bearish. 62.58 is support.

6-15-29: Closed at 67.72. Trade pressures are up. Volumes are bullish. The next target up is 79.97.

6-22-19: Closed at 71.37.  Trade pressures are up. Volumes are up. The next target up is 76.41.

6-28-19: Closed at 70.81. Trade pressures are up but turning down. Volumes are neutral. The next target up is 76.41.

7-8-19: Closed at 74.41. Trade pressures are up. Volumes are bullish. Next target up is 76.41.

7-13-19: Closed at 75.02. Trade pressures are up. Volumes are bullish. The next target up is 80.

7-19-19: Closed at 72.92. Trade pressure are up but turning down. Volumes are now bearish. Support is at 71.76.

7-28-19: Closed at 75.91. Trade pressures are in the neutral zone. Volumes are bearish. Support is at 72.39.

8-3-19: Closed at 71.27. Trade pressures are down in the neutral zone. Volumes are bearish. The next support is 68.04.

8-10-19: Closed at 70.24. Trade pressures are down and starting to rise. Volumes are bearish. At the downside target of 68.04.

8-17-19: Closed at 69.32. Trade pressure are down but rising. Volumes are bearish. Consolidating at the 68.04 downside target.

8-25-19:, Closed at 66.81. Trade pressures are up into the neutral zone. Volumes are bearish. Breaks below the 68.04 target.

 

NextEra Energy, Inc. (NEE) is a leading provider of wind and solar energy in North America. The company plans to invest $40 billion in clean energy infrastructure through 2020. In addition, NextEra Energy operates more than 140 megawatts of battery energy storage systems in the U.S. So, it’s not surprising that the company beat the consensus earnings estimate for its second quarter on Wednesday.

NextEra Energy reported second-quarter earnings of $1.33 billion, or $2.35 per share, which represented 14.6% annual earnings growth. The analyst community was expecting earnings of $2.31 per share, so NEE posted a 1.7% earnings surprise.

NextEra Energy also noted that it increased its backlog by more than 1,850 megawatts. Company management stated, “NextEra Energy is as well-positioned as it has ever been to deliver on our financial expectations.” The company expects to achieve 6% to 8% compound annual growth through 2022. NEE is a Conservative buy below $224.

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. 

 

Sun Communities, Inc. (SUI) was our new addition to the High-Growth Investments Buy List in the July Monthly Issue. If you recall, Sun Communities is a North American real estate investment trust (REIT) that’s focused on manufactured homes and RV communities in the U.S. and Canada. The REIT operates about 379 communities.

On Wednesday, Sun Communities smashed analysts’ earnings and sales estimates for its second quarter in fiscal year 2019. The REIT reported earnings of $40.4 million, or $0.46 per share, and revenue of $312.4 million, which represented 15.1% annual revenue growth and 98% annual earnings growth. The analyst community was looking for earnings of $0.31 per share on $238.75 million in revenue, so SUI posted a whopping 48.4% earnings surprise and a 30.8% revenue surprise.

Looking forward to fiscal year 2019, Sun Communities expects earnings per share between $1.81 and $1.87, which is up from previous guidance for earnings per share between $1.61 and $1.71. The REIT also upped its core FFO expectations to $4.84 per share to $4.90 per share. SUI is a Conservative buy below $142.

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.

 

Ubiquiti Networks, Inc. (UI) is a New York-based company that provides network technology products around the world. In fact, the company ships about 85 million devices to more than 200 countries and territories. Ubiquiti Networks products are based on the company’s UNMS and UniFi software platforms.

Ubiquiti Networks hasn’t announced the date of its earnings release for its fourth quarter in fiscal year 2019. But the company is expected to report results in mid-August—and analysts are expecting another solid quarter of double-digit earnings and sales growth.

The analyst community is currently forecasting earnings of $1.16 per share, or 14.9% annual earnings growth. Sales are forecast to come in at $303.58 million, up 12.5% from the $269.78 million reported in the fourth quarter of 2018. UI is a Moderately Aggressive buy below $155.

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.

 

Elite Dividend Payers

Coca-Cola European Partners plc (CCEP) was added to the Elite Dividend Payers Buy List back in the June Monthly Issue. The company is the largest independent Coca-Cola bottler in the world, as it sells and distributes the soft drink brand in 13 countries. CCEP sells about 2.5 billion cases each year.

The company is scheduled to announce earnings and sales from the most-recent quarter on August 7. The consensus estimate currently calls for earnings of $0.86 per share and revenue of $3.6 billion. That translates to 2.9% annual revenue growth and 11.7% annual earnings growth. Earnings per share estimates have also been revised higher in the past three months, which means a quarterly earnings surprise is likely.

Coca-Cola European Partners also has a long history of rewarding its shareholders. The company has paid a dividend for 126-straight quarters, or for more than 31 years. CCEP last paid a quarterly dividend of $0.69 per share on June 6—and that dividend represented a 122.5% increase over the dividend paid in the same quarter a year ago. The stock has a 4.9% dividend yield. CCEP is a Conservative buy below $60.

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.

 


Ingersoll-Rand Plc (IR) has developed new tools and equipment over the past 148 years, including the steam-powered rock drill and the Jackhammer drill. Today, the company’s products are used to improve the quality of air in buildings, enhance security at homes and businesses, protect perishable items and boost industrial productivity.

Ingersoll-Rand will report second-quarter earnings before the stock market opens on Tuesday, July 30. Analysts are expecting earnings to grow 10.8% year-over-year to $2.05 per share, up from $1.85 per share in the same quarter a year ago. Earnings estimates have remained steady over the past three months, but IR has a history of topping expectations. Sales are forecast to rise 5% year-over-year to $4.58 billion.

Like CCEP, Ingersoll-Rand has rewarded its shareholders quarter after quarter. The company has paid a dividend of 86-consecutive quarters. The next quarterly dividend of $0.53 per share will be paid on September 30 to all shareholders of record on September 6. The stock has a 1.7% dividend yield. IR is a Conservative buy below $131.

SOM Technicals:

5-25-19: Closed at 120.20. Trade pressures are down. Volumes are neutral to bearish. The median line is support at 116.

5-31-19. Closed at 118.34. Trade pressures are down. Volumes are bearish. In a new downtrend with support at 116.

6-15-19: Closed at 124.68. Trade pressures are up. Volumes are neutral. The next target up is 130.42.

6-22-19: Closed at 125.19. Trade pressures are down into the neutral zone. Volumes are bullish.

6-28-19: Closed at 126.64. Trade pressures are down into the neutral zone. Volumes are bullish. In consolidation at the 126.17 upside target.

7-8-19: Closed at 124.81. Trade pressures are in the neutral zone. Volumes are bullish. Consolidating at the 126.17  upside target.

7-13-19: Closed at 126.62. Trade pressures are in the neutral zone. Volumes are now bullish. The next target up is 133.39.

7-19-19: Closed at 124.70. Trade pressures are down in the neutral zone. Volumes are bearish. Sitting on the 200 day MA.

7-28-19: Closed at 122.58. Trade pressures are down. Volumes are bearish. The support level is 111.18.

8-3-19: Closed at 120.88. Trade pressures are up in the neutral zone. Volumes are neutral. The next target down is 116.44.

8-10-19: Closed at 119.36. Trade pressures are in the neutral zone. Volumes are bearish. The next target down is 116.44.

8-17-19: Closed at 117.88. Trade pressures are down in the neutral zone. Volumes are bearish. The next target down is the 115.44 target.

8-25-19: Closed at 114.96. Trade pressures are flat in the neutral zone. Volumes are bearish. At the lower median line support.

 


Insperity, Inc. (NSP) offers a variety of human resources and services in order to boost businesses performance. Currently, the company’s solutions support more than 100,000 businesses, which includes more than two million employees.

Insperity is scheduled to post second-quarter results prior to the opening bell on Monday, July 29. The analyst community is expecting earnings of $0.83 per share on $1.04 billion in revenue, or 12.3% annual revenue growth and 22.1% annual earnings growth. Analysts have upped earnings estimates slightly in the past three months, so another quarterly earnings surprise is likely.

The company has also consistently increased its quarterly dividend over the years. In fact, in the past year alone, Insperity has upped its quarterly dividend by a stunning 50%. Most recently, the company paid $0.30 per share on June 24. The stock has a 0.8% dividend yield. NSP is a Moderately Aggressive buy below $160.

SOM Technicals:

7-28-19: Closed at 144.63. Trade pressures are up. Volumes are bullish. The next target up is 157.24.

8-3-19: Closed at 102.61. Missed guidance! Trade pressures are down. Volumes are bearish. The next target down is 86.63.

8-10-19: Closed at 94.90. Now down 50 points from the highs! Trade pressures are down hard. Volumes remain bearish. The December lows are at 86.63.

8-17-19: Closed at 93.41. Trade pressures are down hard. Volumes remain bearish. The next target down is the prior low at 86.63.

8-25-19: Closed at 93/90. Trade pressures are down but rising. Volumes are bearish. the December 2018 lows are the next target  down as well as support.

 

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressuers_

Copper rallied to upside targets and now profit taking. Gold and gold had similar rallies and profit taking.

Crude oil dropped thru the short entry and kept going. Natural gas trading in side the weekly basing  channel.

The US 30 Year Treasuries are trading between 153-156.

The US Dollar futures are range bound between 96 and 97.

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S&P 500 Futures

Monthly – New monthly highs at 3023.50. Trade pressures are up. Volumes closed the month of June as bullish. The next target up is 3408. A close below 2802 would confirm any weekly move lower.

Weekly – A down week. Trade pressures are up. Volumes are bullish. The next target up is 3048. A close below 2895 would confirm any daily move lower.

Daily – Still in the move up from the 2969 July trigger. Trade pressures are down into the neutral zone. Volumes are bearish. The next target up is the 3023 highs. A close below 2968 would signal lower.

2949 is the 25×5 MA and should act as initial support.

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Navellier Top 8 Stocks – The $100,000 Virtual portfolio is valued at slightly more than $117,000 for the YTD.

 

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

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is is a new move up after a retest of the 2.60 lows. Gold and silver are in a wide consolidation after reaching upside targets.

Crude oil continues the move up. Natural gas is at the 2.47 upside target.

The US 30 year treasuries are in a move down.

The US Dollar futures are consolidating at the 95-97 levels.

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S&P 500 Futures_

Monthly – In the m ive up off the 2904 long entry. Trade pressures are up. Volumes closed the month of June as bullish. The next target up is 3406. A close below 2797 would confirm any weekly move lower.

Weekly – In the move up from the 2879 new long entry. Trade pressures are up. Volumes are bullish. The next target up is 3048. A close below 2890 would confirm any daily move lower.

Daily – Flat. In the move up from the 2969 new long entry. Trade pressures are up. Volumes are bullish. The next target up is 3067. A close below 2962 would signal lower.

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The Navellier Top 8 Stocks – The $100,000 model portfolio of these stocks is up over $117,000 YTD thru the end of the week. The total buy list of some 50 stocks are characterized by 65% average annual earnings growth and 16.5% average annual sales growth.

According to FactSet, the S&P 500 is forecast to post a 2.6% earnings decline and 3.8% annual revenue growth for the second quarter. So, while the market may slow down or decline, these stocks should be very resilient.

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

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper retracing inside the longer cycle move up. Gold and silver also in retracement.

Crude oil has pulled back after the breakout into the new move up. Natural  gas makes a move off the lows.

The US 30 year treasury bonds ran to the 156 highs and now are selling off on the employment report.

The US Dollar futures are moving back up after the selloff, as money flows come to the US markets.

_____________________

S&P 500 Futures_

Monthly – All time highs. Trade pressures are up. Volumes closed the month of June as bullish. The next target up is 3406. A close below 2785 would confirm any weekly move lower.

Weekly – At the 2986 upside target level. Expect some consolidation here. Trade pressures are up. Volumes are bullish. The next target up is 3048. A close below 2878 would confirm any daily move lower.

Daily – In the move up from the new long entry at 2969. Trade pressures are up. Volumes are bullish.

The next target up is 3057.

A close below 2950 would signal lower.

The comment about not trusting the relief rally, turned out to be wrong as new all time highs were made. Still, the volumes were holiday volumes. The next weeks action will help gain some confidence in this move up.

_____________________

Navelleir Top 8 Stocks – The $100,000 model portfolio is now up to slightly less than $117,000. This 17% return for the first half of 2019 is a slight out performance of the S&P 500 for the same time period. The portfolio does include some hi-dividend stocks that don’t move to much.

 

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

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper prices rallied and stopped out at the rising level. Gold and silver rallied as interest rates declined and tensions rose.

Crude oil prices signaled a new long entry. Natural Gas also triggered a new retracement long entry.

The US 30 T-Bonds signaled a new short entry.

The US Dollar futures declined for the entire week but seems to have found some support.

___________________

S&P 500 Futures_

Monthly – Closed on the highs. Trade pressures are up. Volumes closed the month of June bullish. Volumes were lower than the prior month’s selling volumes. The next target up is 3408. A close below 2735 would confirm any weekly move lower.

Weekly – In the move up from the 2875 new long entry. Trade pressures are up. Volumes are bullish. The next target up is 3048. A close below 2810 would confirm any daily move lower.

Daily – Flat. Touched the 2914 level intraday, but no close. Trade pressures are up but in the decline. Volumes are bullish.

The next target up would be a retest of the 2969 highs. The hourly is already in the move up from the 2928 level with a 2968 target.

And, as of the writing, the weekend news from the G-20 suggests the two protagonists have reached some form of a tariff truce. But Trump can’t avoid tweeting it worse and Xi can wait the 18 months or so til the next election; so, the relief rally is not to be trusted.

A close below the 2913 level would signal lower.

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Navellier Top 8 Stocks  -These tech stocks are exposed to the China tariff issues, so expect a nice move early in the week. The $100,000 Model Portfolio remains at approx $114,000 YTD. On Monday, Xilink (XLNX) will be replaced by Next Era Energy (NEE).

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

Navellier Top Stocks for July

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 a leading retailer of automotive parts and accessories in the U.S., as the company offers a variety of services for the “do-it-yourself” car mechanic. Interestingly, the company has a business, ALLDATA LLC, that also provides vehicle repair instructions and procedures—and many garages rely heavily on this information to diagnose and repair vehicles.

This week, ALLDATA inked a deal with Honda Motor Europe Ltd, and it will now publish repair and maintenance instructions for Honda’s European vehicles. With this deal, ALLDATA now offers repair information on a total of 23 vehicle brands and more than 1,000 models.

AutoZone’s commitment to providing its customers with the tools and information necessary to better maintain and repair vehicles has added nicely to its top and bottom lines. For the company’s fourth quarter in fiscal year 2019, to be announced in September, sales are forecast to grow 10.5% to $3.93 billion, and earnings are expected to increase 17.6% to $21.81 per share. AZO is a Conservative buy below $1,174.

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 0072.25. Trade pressures are up but turning down. Volumes are still bullish. The next target up is 1196.79.

 

Cadence Design Systems, Inc. (CDNS) provides the tools necessary to develop and build analog, RF, mixed-signal and custom chip designs. The company’s portfolio of tools boosts production rates and accelerates the design process. And Cadence Design Systems is the only company that offers the tools (hardware and software) necessary for the whole electronics design chain.

So, it’s no wonder that the company’s revenue has more than doubled in the last eight years. Or that Cadence Design Systems has established strategic alliances with leading electronics and semiconductor companies, as well as internet service providers.

Cadence Design Systems has also posted an earnings surprise in each of the last four quarters—and it’s gearing up for fifth-straight quarterly earnings surprise. Analysts have upped earnings estimates by 6% in the past three months. Analysts are looking for 17.8% annual earnings growth, as well as 11.8% annual sales growth in the second quarter. CDNS is a Conservative buy below $76.

SOM Technicals:

4-27-19: Closed at 68.22. Trade pressures are up. Volumes are neutral. At the highs with a new long entry at 69.21 above.

5-4-19: Closed at 70.27. Trade pressures are up. Volumes are bullish. In a new move up from the 68.45 level.

5-11-19: Closed at 69.36. Trade pressures are up but declining. Volumes are bullish. At the new long entry of 68.45.

5-18-19. Closed at 68.66. Trade pressures are up. Volumes are neutral. In the move up from the 68.45 long entry.

5-25-19: Closed at 63.99. Trade pressures are down. Volumes are bearish. The next target down is the 62.82 prior low.

5-31-19: Closed at 63.57. Trade pressures are down, Volumes are bearish. 62.58 is support.

6-15-29: Closed at 67.72. Trade pressures are up. Volumes are bullish. The next target up is 79.97.

6-22-19: Closed at 71.37.  Trade pressures are up. Volumes are up. The next target up is 76.41.

6-28-19: Closed at 70.81. Trade pressures are up but turning down. Volumes are neutral. The next target up is 76.41.

7-8-19: Closed at 74.41. Trade pressures are up. Volumes are bullish. Next target up is 76.41.

7-13-19: Closed at 75.02. Trade pressures are up. Volumes are bullish. The next target up is 80.

7-19-19: Closed at 72.92. Trade pressure are up but turning down. Volumes are now bearish. Support is at 71.76.

 

Chipotle Mexican Grill, Inc. (CMG) has taken another step to generate loyalty and retain its top employees. This week, the wildly popular Mexican restaurant launched a new benefits program that enables hourly employees to earn quarterly bonuses. The quarterly bonus could equal up to one-week’s pay, and it’s in addition to the annual crew bonus that CMG offers to employees who’ve been an employee for at least one year.

Chipotle Mexican Grill provides several other benefits for its employees, including tuition reimbursement, health insurance, paid meal breaks and free English as a second language classes. So, it’s not too surprising that the company continues to retain its employees: About 80% of general managers at the restaurants are promoted from within the company.

Clearly, Chipotle Mexican Grill has found the right recipe for rewarding and keeping its employees—and that’s a vital key to building a successful and growing business. CMG will release second-quarter earnings and sales on July 23. The analyst community is forecasting earnings of $3.74 per share and revenue of $1.4 billion, which represents 10.9% annual revenue growth and 30.3% annual earnings growth. CMG is a Moderately Aggressive buy $797.

SOM Technicals:

5-25-19: Closed at 662.60. Trade pressures are down. Volumes are bearish. The next target down is 641.

5-31-19. Closed at 659.97. Trade pressures are down. Volumes are bearish. The next target down is 648.50.

6-15-29: Closed at 740.68. Trade pressures are up Volumes are bullish. In the new move up from the 722 long entry.

6-22-19: Closed at 727.27. Trade pressures are up. Volumes are bearish. After market pulls back on earnings.

6-28-19: Closed at 732.05. Trade pressures are up but turning down. Volumes are bearish. Support is at 708, the 25×5 MA.

7-8-19: Closed at 739.75. Trade pressures are up but declining. Volumes are bullish. Consolidation at 72.68, the new long entry trigger.

7-13-19: Closed at 751.00. Trade pressures are down into the neutral zone. The next target up is 802. A close below 719 would signal lower.

7-19-19: Closed at 746.52. Trade pressures are up but turning down. Volumes are bearish. Short at 731.20.

 

NextEra Energy, Inc. (NEE) is making its first appearance on the Top 5 Stocks list, since we moved the stock from the Elite Dividend Payers Buy List to the High-Growth Investments Buy List in June. If you recall, NextEra Energy began operations back in 1925 as the Florida Power & Light Company and operated gas plants, power plants and water facilities, as well as laundry, ice and ice cream businesses.

Today, NextEra Energy is the largest utility company in the world. Through its two electric companies in Florida, a renewable energy business and several subsidiaries, NextEra Energy provides electricity, wind and sun energy, battery storage and nuclear power.

The company is expected to report second-quarter results in late July. The current consensus estimate calls for earnings of $2.29 per share and revenue of $4.54 billion, or 11.5% annual revenue growth and 8.5% annual earnings growth. Earnings per share estimates have been upped by $0.10 per share in the past three months, so a quarterly earnings surprise is likely. NEE is a Conservative buy below $218.

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.

 

 

Ubiquiti Networks, Inc. (UBNT) is a provider of high-performance networking products that are based on the company’s UNMS and UniFi software platforms. And the products are used by service providers and businesses around the world. In fact, Ubiquiti Networks has shipped about 85 million devices to more than 200 countries and territories.

As a result, the company achieved $1 billion in revenues in 2018, and has continued to add nicely to its top and bottom lines this year. For its fourth quarter in fiscal year 2019, to be announced in August, analysts are looking for 12.5% annual revenue growth and 14.9% annual earnings growth.

I should add that Ubiquiti Networks also pays a quarterly dividend. Most recently, the company paid a quarterly dividend of $0.25 per share on May 28. The stock has a 0.8% dividend yield. UBNT is a Moderately Aggressive buy below $149.

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.

 

 

Elite Dividend Payers

Arbor Realty Trust (ABR) has strived to not just be a lender to the commercial and multifamily real estate markets, but to also be a partner in finding the right loan products for its customers. And it’s a strategy that’s paid off for more than 25 years. Arbor Realty began as a single-family lender, and today, it’s a leading multifamily lender in the U.S.

As a real estate investment trust (REIT), Arbor Realty Trust also continues to pay a dividend quarter after quarter. It has paid a dividend for 28-consecutive quarters, and consistently increased its dividend over this time, too. In the past five years alone, Arbor Realty Trust has upped its dividend by a stunning 115%.

Arbor Realty Trust has been able to grow its dividend thanks to its strong fundamentals. The REIT is expected to report second-quarter results in early August. The consensus estimate calls for 24% annual earnings growth—and earnings estimates have been revised slightly higher in the past month. ABR is Conservative buy below $13.

SOM Technicals:

2-22-19: Closed at 12.96. Trade pressures are up. Volumes are bullish. The next target up is 14.37.

3-1-19: Closed at 12.89. Trade pressures are up. Volumes are neutral. The next target up is 14.37.

3-8-19: Closed at 12.67. Trade pressures are down into the neutral zone. Volumes are bearish, the 25×5 MA is at 12.48.

3-15-19: Closed at 12.86. Trade pressures are in the neutral zone. Volumes are neutral. ABR goes ex dividend this next week.

3-23-19: Closed at 12.83. Trade pressures are down into the neutral zone. Volumes are bearish.  Sitting on the old target of 12.58 and the 25×5 moving average.

3-31-19: Closed at 12.97. Trade pressures are up. Volumes are bearish. In consolidation at the 25×5 MA.

4-5-19: Closed at 13.54.  Trade pressures are up. Volumes are bearish. Uptrend support is at 12.96.

4-13-19: Closed at 13.74. Trade pressures are up and extended. Volumes are bullish. The next target up is 14.37.

4-19-19: Closed at 13.67. Trade pressures are up and turning down. Volumes are bullish. Support at 13.24.

4-27-19: Closed at 13.79. Trade pressures are up but in decline. Volumes are bullish. The next target up is 14.37.

5-4-19: Closed at 13.80. Trade pressures are down. Volumes are bullish. support at 13.58.

5-11-19: Closed at 13.05. Trade pressures are down. Volumes are bullish. At the prior high of 12.60.

5-18-19: Closed at 13.10. Trade pressures are up into the neutral zone. Volumes are neutral. Support at 12.50.

5-26-19: Closed at 12.94. Trade pressures are down into the neutral zone. Volumes are bearish. Support is at 12.50.

5-31-19: Closed at 12.31. Trade pressures are sown. Volumes are bearish. Support is at the 12.31 moving average.

6-15-19: Closed at 12.30. Trade pressures are down. Volumes are bearish. Sitting on support.

6-22-19: Closed at 12.27. Trade pressures are rising into the neutral zone. Volumes re bearish. Sitting on the 12.15. support line.

6-28-19: Closed at 12.12. Trade pressures are down.  Volumes closed Friday sharply bullish. The close was a test of the 200 day MA from the downside.

7-8-19: Closed at 12.33. Trade pressures are in the neutral zone. Volumes are bullish. Need a close above 12.54 to establish a new uptrend.

7-13-19: Closed at 12.42. Trade pressures are up. Volumes are bullish. In consolidation at the 200 day MA.

7-19-19: Closed at 12.11. Trade pressures are down into the neutral zone. Volumes are bearish. Riding the 200 day MA.

 

2. Capital Southwest Corporation (CSWC) was founded in 1961, but didn’t vote to become a business development company (BDC) until 1988. As a BDC, Capital Southwest Corporation provides flexible financing solutions for acquisitions, buyouts, capital investments and recapitalizations. And at the end of March, the company had total balance sheet assets of $522 million.

Interestingly, prior to 2015, Capital Southwest Corporation struggled to pay a significant dividend. But, over the past three years, the company’s dividend has surged an incredible 875%. CSWC paid a modest quarterly dividend of $0.04 per share in March 2016, and today (June 28), the company paid a quarterly dividend of $0.39 per share (plus, a special dividend of $0.10 per share).

Clearly, as the company’s business expanded over the years, Capital Southwest Corporation rewarded its shareholders. And the company still has strong forecasted earnings. For the first quarter in fiscal year 2020, CSWC is expected to report earnings of $0.40 per share, or 37.9% annual earnings growth. CSWC is a Conservative buy below $23.

SOM Technicals:

3-31-19: Closed at 21.04. Trade pressures are up into the neutral zone. Volumes are bearish. The next support is at 19.49.

4-5-19: Closed at 21.48. Trade pressures are up but turning down. Volumes are bullish. Sitting on the support line at 21.34.

4-13-19: Closed at 21.31. Trade pressures are down. Volumes are bearish. Support is at 19.66, the 200 day MA.

4-19-19: Closed at 21.59. Trade pressures are up. Volumes are bullish. Near the 21.66 target, expect more consolidation.

4-27-19: Closed at 21.40. Trade pressures are down. Volumes are bearish. Sitting on support at 21.39.

5-4-19: Closed at 21.80. Trade pressures are up into the neutral zone. Volumes are bullish. Side ways move.

5-11-19: Closed at 22.37. Trade pressures are up. Volumes are bullish. Met the 22.07 target and consolidating. Up in a down market.

5-18-19: Closed at 22.26. Trade pressures are up and declining. Volumes are bullish. At the 22.50 first target up. The next target up is 23.42. 

5-25-19: Closed at 22.20. Trade pressures are down into the neutral zone. Volumes are bearish. Support is at the 21.97 on the 25×5 MA.

5-31-19: Closed at 21.57. Trade pressures are down. Volumes are bearish. In a new downtrend support at 20.28.

6-15-19: Closed at 21.72. Trade pressures are neutral. Volumes are bearish. The next target up is 23.32.

6-22-19: Closed at 21.50. Trade pressures are don into the neutral zone. Volumes are bearish. Support at 20.41, the 200 day MA.

6-28-19: Closed at 20.65. Trade pressures are down. Volumes are bearish. the next target down is the 200 day MA at 20.47.

7-8-19: Closed at 21.07. Trade pressures are down. Volumes are bullish. Support is at 20.51.

7-13-19: Closed at 20.90. Trade pressures are down hard. Volumes are bearish. The next target down is the 200 day MA at 20.56. 

7-19-19: Closed at 21.13. Trade pressures are up into the neutral zone. Volumes are neutral. In a new uptrend, but need to break thru the resistance at 21.67.

 

Ingersoll-Rand PLC (IR) is an industrial manufacturer of goods for the commercial, industrial and residential markets—and we added it to the Elite Dividend Payers Buy List in May. Along with the Ingersoll-Rand brand, you may be familiar with a few of its other brands, including Thermo King, Trane, Club Car and American Standard.

Ingersoll-Rand offers a wide range of products from air compressors to power tools to lifting and material handling systems. The company provides reciprocating air compressors, oil-free compressors, air compressor dryers, drills, hammers, grinders, ratchets, hoists, winches, balancers and much more!

And for more than 21 years, Ingersoll-Rand has paid a quarterly dividend. In the past five years, the company has upped its quarterly dividend by 65%. Ingersoll-Rand paid a quarterly dividend of $0.53 per share today (June 28) to all shareholders of record on June 7. Its next dividend will be paid on September 30 to all shareholders of record on September 6. IR is a Conservative buy below $128.

SOM Technicals:

5-25-19: Closed at 120.20. Trade pressures are down. Volumes are neutral to bearish. The median line is support at 116.

5-31-19. Closed at 118.34. Trade pressures are down. Volumes are bearish. In a new downtrend with support at 116.

6-15-19: Closed at 124.68. Trade pressures are up. Volumes are neutral. The next target up is 130.42.

6-22-19: Closed at 125.19. Trade pressures are down into the neutral zone. Volumes are bullish.

6-28-19: Closed at 126.64. Trade pressures are down into the neutral zone. Volumes are bullish. In consolidation at the 126.17 upside target.

7-8-19: Closed at 124.81. Trade pressures are in the neutral zone. Volumes are bullish. Consolidating at the 126.17  upside target.

7-13-19: Closed at 126.62. Trade pressures are in the neutral zone. Volumes are now bullish. The next target up is 133.39.

7-19-19: Closed at 124.70. Trade pressures are down in the neutral zone. Volumes are bearish. Sitting on the 200 day MA.

S&P 500 Futures

Market Pressures_

Copper is in a move up. Gold is at upside targets; Silver as well.

Crude is in a new move up. Natural Gas slides even lower.

The US 30 year Treasury Bond is signaling a new move lower.

The US Dollar futures are 2% off the highs.

___________________

S&P 500 Futures_

Monthly – Touched the potential short entry early in the month but quickly rallied off that to these new highs. Trade pressures are up. Volumes closed the month of May as bearish and on large volume. The volume so far this month seems to be decidedly lower. The next target up is 3408. A close below the 2735 level would confirm any weekly move lower.

Weekly – In the new move up from the 2878 entry level. Trade pressures are up but declining. Volumes are bullish. The next target up is 3048. A close below 2806 would confirm any daily mover lower.

Daily – Flat. At the May highs of 2969 which are the expected targets. Trade pressures are up. Volumes are bullish.

The next target up is 3114. But,expect consolidation here.

A close below 2913 would signal lower. The 60 minute charts are already in a new move down from 2958 with a 2925 downside target.

__________________

Navellier Top 8 Stocks – The $100,000 model portfolio has moved back up nicely; now slightly over $114,000 for the year to date.

 

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

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper shows a new long entry signal. Gold was stopped out with a nice profi. Silver is in a new long entry.

Crude oil is in a move down into the 40’s. Natural gas looks sold out; maybe a rally soon?

US 30 Year Treasury bonds are near up side targets and could correct.

The US Dollar futures are in a new move up.

________________

S&P 500 Futures_

Monthly – In the move up from the 2904  long entry. Trade pressures are up. Volumes closed the month of May as bearish. The next target up is 3408. A close below 2735 would confirm any weekly move lower.

Weekly  – In the move down from the 2806 short entry. Trade pressures are up but declining. Volumes are bullish.

The next target down is 2648.

A close above the 2879 level would confirm any daily move higher.

Daily – Flat. In the move up from the 2789 long entry. Took profits at the 2888 Resistance level. Trade pressures are up and extended. Volumes are neutral.

The next target up is 2865.

A close below 2860 would signal lower.

_________________

Navellier Top 8 Stocks – The $100,000 model portfolio has moved back up to $114,000 with the weeks rally.  Up approximately 14% year-to-date.  Market averages are slowing so these better Navellier fundamentals should outperform.

 

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