#emini #spfutures #SP500 #ES

Market Pressures_

Copper is at the downside targets, look for a releif rally Gold and Silver are in rally mode.

Crude dropped with the equity market. Natural gas is at new lows.

The US 30 Year Treasury Bond broke above the 2017 highs on strength.

The US Dollar rallied all week then dropped sharply on Friday, a “tweet day”.

___________________________

S&P 500 Futures_

Monthly –  Sold off all month. Trade pressures are up. Volumes closed the month of May as Bearish. The next target up is still 3408. A close below 2735 would confirm any weekly move lower.

Weekly – Tested the October highs and began to sell off. Trade pressures are up but turning down. Volumes are bearish. Closed below the 2802 short signal. The next target down is 2644. A close above 2900 would confirm any daily move higher.

Daily – Short. In the move down for the 2842 short entry signal. Trade pressures are down. Volumes are bearish. The next target down is 2732.

A close above 2805 would signal a retracement higher.

[6-3-19: Lower stops to the 2755 long entry on the 60 min charts.]

[6-4-19: Stop triggered, out at 2755.]

[6-6-19: Wed’s close above the 2805 level set a new long entry. Raise the stops to this entry price.]

[6-7-19: Major resistance at the 2888 level. Take profits there. Raise the stops to 2837.]

[6-10-19: profit stop st 2888 hit. ]

___________________

Navellier Top 8 Stocks –  The move down in the equity markets has taken the Navellier stocks down as well. The $100,000 model portfolio is now valued at $109,000, or up about 9% on the year. The tariff decisions are disrupting international trade relations with long standing trading partners and taking their toll.

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is at the downside targets following the equity market down. Gold is in consolidation at the 1280 level; watching the interest rates. Silver has met it’s downside target and i also in consolidation.

Crude oil dropped sharply on concerns of slowing demand, but is at a downside target and could retrace some of this recent move down.. Natural Gas is quiet.

The US 30 Yr Treasury Bond rallied to multiple upside targets. Expect some profit taking.

The US Dollar futures ran up to new highs and immediately pulled back to support levels.

_____________________

S&P 500 Futures_

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

Weekly – In the move up from the 2592 long entry level. Trade pressures are up but declining. Volumes are bearish. The next target up is 3039. A close below 2802 would confirm any weekly move lower.

Daily – Short. In the move down from the 2842 short entry.  Trade pressures are down into the neutral zone. Volumes are bearish.

The next target  down is 2792.

A close above 2950 would signal a new move up.

Set stops now at the 25×5 MA at 2890 and then move the stops to breakeven with any break below the 2799 lows.

[5-28-19: Lower stops to the breakeven at 2842.]

____________________

Navellier Top 8 Stocks – The $100,000 Model Portfolio closed the week at approximately $111,000 down from the $119,000 highs earlier in the first quarter. Three portfolio changes will be made at the Tuesday open after the holiday weekend. Keysight Tech (KEYS), VMWare (VMW), and Haverty’s (HVT) will replaced by Chipotle (CMG), Ubiquiti Networks (UBNT), and Ingersoll Rand (IR).

___________________

[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) secures the top slot again this month, thanks in part to a stunning earnings report earlier this week. As a leading retailer of automotive parts and accessories, AutoZone operates 5,686 stores in the U.S., 576 stores in Mexico and 25 stores in Brazil. And during the latest quarter, the company opened 35 new stores in the U.S., eight stores in Mexico and three stores in Brazil.

For the company’s third quarter in fiscal year 2019, AutoZone reported that revenue increased 4.6% year-over-year to $2.8 billion. That topped estimates for $2.77 billion. AutoZone also reported that earnings grew 10.7% year-over-year to $405.9 million, and earnings per share jumped 19.2% year-over-year to $15.99. The analyst community was looking for earnings of $15.14 per share, so AutoZone posted a 5.6% earnings surprise.

Wall Street cheered the stunning third-quarter report and drove AZO shares more than 5% higher this week. Looking forward, analysts have continued to increase earnings forecasts for the current quarter and full-year 2019. AZO is a Conservative buy below $1,127.

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.

 

Cadence Design Systems, Inc. (CDNS) also maintains its spot on the Top 5 Stocks list this month. If you recall, the company provides electronic design automation (EDA) software and hardware, which are tools that play an integral role in the electronics design chain.

Recently, Cadence Design Systems announced that it was expanding its Tensilica Vision DSP product line with the Tensilica Vision Q7 DSP. The new product is designed to meet requirements for embedded vision and artificial intelligence (AI) applications. The Vision Q7 DSP offers two times more AI and vision performance for several markets, including automotive, mobile and surveillance.

In the first quarter, CDNS reported 11.6% annual revenue growth and 34.5% annual earnings growth—and its earnings of $0.54 per share topped estimates by 10.2%. Since this earnings beat, analysts have upped earnings per share estimates for the second quarter. The consensus estimate now calls for 17.8% annual earnings growth and 11.8% annual sales growth. CDNS is a Conservative buy below $69.

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.

 

Chipotle Mexican Grill, Inc. (CMG) is the popular Mexican fast-food restaurant chain that we added to the High-Growth Investments Buy List in the May Monthly Issue. The company prides itself in preparing high-quality food by hand in real kitchens, and it’s this commitment that has helped the company expand over the past few years. Chipotle operates nearly 2,500 restaurants.

In the first quarter, Chipotle opened 15 new restaurants, and saw a 9.9% increase in comparable restaurant sales. Total first-quarter sales jumped 13.9% year-over-year to $1.3 billion. And first-quarter adjusted earnings per share soared 59.6% year-over-year to $3.40, which topped estimates for $2.99 per share by 13.7%.

In light of the stunning first-quarter report, the analyst community has increased its second-quarter forecasts. Earnings per share are now expected to grow 30.3% year-over-year, and revenue is forecast to rise 10.8% year-over-year. Chipotle has posted a positive earnings surprise in each of the last four quarters, and it looks like it’s gearing up for another stunning quarter. CMG is a Moderately Aggressive buy below $723.

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.

 

Ubiquiti Networks, Inc. (UBNT) was also added to the High-Growth Investments Buy List in the May Monthly Issue. If you recall, the wireless telecommunications company develops high-performance networking products and solutions for service providers and businesses worldwide. The stock has grown more volatile recently due to the ongoing U.S.-China trade tensions, but Ubiquiti Networks continues to grow its top and bottom lines, which makes the recent dip a great buying opportunity.

On May 10, Ubiquiti Networks reported better-than-expected earnings for its third quarter in fiscal year 2019. Third-quarter earnings soared 28.6% year-over-year to $88.9 million, or $1.26 per share, which topped estimates for $1.10 per share. Revenue grew 13.8% year-over-year to $284.9 million.

Looking further out, Ubiquiti Networks expects to achieve full-year 2019 revenue between $1.1 billion and $1.2 billion, or about 8% annual revenue growth. Earnings per share are forecast to be between $4.00 and $4.80 per share, or 8.4% to 30.1% annual earnings growth.

The company also continues to reward its shareholders. Ubiquiti Networks will pay a quarterly dividend of $0.25 per share on May 28. All shareholders of record on May 20 will receive the dividend. The stock has a 0.8% dividend yield. UBNT is a Moderately Aggressive buy below $141.

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.

 

Xilinx, Inc. (XLNX) has dipped about 14% in the past four weeks due to the renewed U.S.-China trade war fears and the U.S.’s moves to block Huawei Technologies’ products in the U.S. As you know, Xilinx is a big player in the 5G space, as it is developing semiconductor chips for 5G. So, I’m viewing the recent dip in XLNX as a great buying opportunity.

In fact, Xilinx looks stronger than ever. During the company’s fiscal year 2019, Xilinx achieved record revenues of $3.06 billion. That represented 24% annual revenue growth. The company also reported full-year earnings of $892 million, or $3.48 per share.

Thanks to the strong full-year results and positive guidance, analysts have brushed off the Huawei drama and have upped their top- and bottom-line forecasts for XLNX in recent weeks. For its first quarter in fiscal year 2020, the consensus estimate calls for 24.3% annual revenue growth and 28.4% annual earnings growth.

Xilinx will also pay a quarterly dividend of $0.37 per share on June 3. All shareholders of record on May 16 will receive the dividend. The stock has a 1.2% dividend yield. XLNX is a Moderately Aggressive buy below $112.

SOM Technicals:

3-31-19: Closed at 126.79. Trade pressures are down but rising. Volumes are beaerish. 128.01 is a new long entry price.

4-5-19: Closed at 129.08. Trade pressures are in the neutral zone. Volumes are bullish. Uptrend support is at 125.15.

4-13-19: Closed at 134.41. Trade pressures are up. Volumes are bullish. The next target up is 146.53.

4-19-19: Closed at 134.95. Trade pressures are up. Volumes are bullish. The next target up is 146.53.

4-27-19: Closed at 118.93. Trade pressures are down. Volumes are neutral. After the sharp move down on the forward guidance, price is now at the 115.78 downside target. Expect some consolidation here.

5-4-19: Closed at 119.02. Trade pressures are down . Volumes are neutral. Sitting on support. Next target down is 105.00.

5-11-19: Closed at 116.92. Trade pressures are down and trending. Volumes are bearish. The next target down is the 110 lows.

5-18-19: Closed at 104.67. Trade pressures are down and trending. Volumes are bearish. the next target down is 99.54.

5-25-19: Closed at 101.21. Trade pressures are down. Volumes are bearish. The 200 day is acting as support at 97.00.

5-31-19: Closed at 102.31. Trade pressures are down but rising. Volumes are neutral. Support is at 98.88.

6-15-19: Closed at 105.42. Trade pressures are in the neutral zone. Volumes are neutral. 112 should start a new move up.

6-22-19: Closed at 112.41. Trade pressures are up into the neutral zone. Volumes are neutral. The next target up is 121.75.

 

Elite Dividend Payers

Arbor Realty Trust, Inc. (ABR) remains one of my favorite dividend stocks, as it continues to earn the coveted AA-rating. In other words, Arbor Realty Trust still receives an A-rating in Dividend Grader and in Portfolio Grader, which means it offers the perfect blend of income and growth.

On May 10, Arbor Realty Trust released earnings for its first quarter in fiscal year 2019. The REIT reported first-quarter earnings came in at $22.7 million, or $0.26 per share, down from earnings of $26.2 million, or $0.42 per share in the same quarter a year ago. That fell short of the consensus estimate for $0.28 per share.

However, if you recall, adjusted funds from operations (AFFO) is the more important metric for REITs. Arbor Realty Trust reported first-quarter AFFO of $35.5 million, or $0.33 per share, compared to AFFO of $21.4 million, or $0.25 per share in the first quarter of 2019.

Arbor Realty Trust also announced that it will pay a quarterly dividend of $0.28 per share on Friday, May 31. All shareholders of record on May 23 will receive the dividend. The dividend represents a 12% increase over the dividend paid in the same quarter a year ago. The stock has an 8.4% dividend yield. ABR is a Conservative buy below $14.

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.

 

Capital Southwest Corporation (CSWC) is a Texas-based business development company that provides flexible financing solutions for acquisitions, buyouts, capital investments and recapitalizations. As such, the company has a very diverse portfolio, with investments in business services, energy, healthcare, media and software.

Capital Southwest Corporation plans to release earnings results for its fourth quarter and fiscal year 2019 after the stock market closes on June 3. Analysts are looking for earnings to jump 42.9% year-over-year to $0.40 per share, up from $0.28 per share in the same quarter a year ago. Fourth-quarter revenue is expected to soar 45% year-over-year to $14.32 million.

The company also continues to reward its shareholders, as it’s paid a dividend for 12-straight quarters. CSWC’s fourth-quarter dividend of $0.38 per share represented a 35.7% increase over the $0.28 per share paid in the same quarter a year ago. The stock has a 6.8% dividend yield. 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.

 

Ingersoll Rand Plc (IR) was our newest addition to the Elite Dividend Payers Buy List, as I recommended the stock in the May Monthly Issue. Ingersoll Rand has spent more than 100 years developing tools, solutions and services that improve the quality of air in buildings, enhance security at homes and businesses, protect perishable items and boost industrial productivity.

The company’s experience and proven track record continue to support its top and bottom lines. At the end of April, Ingersoll Rand reported better-than-expected first-quarter results. Adjusted first-quarter earnings per share jumped 27% year-over-year to $0.89, which beat estimates for $0.80 per share. Revenue grew 6% year-over-year to $3.58 billion, also topping estimates for $3.5 billion.

Thanks to the strong first-quarter results and positive guidance, the analyst community has upped its full-year 2019 outlook. Ingersoll Rand is now expected to report 5.3% annual revenue growth and 13.2% annual earnings growth for fiscal year 2019.

Ingersoll Rand also has a long history of consistent and growing dividends. The company has paid a dividend for 86-consecutive quarters, and has a 12-month dividend growth rate of 5.03%. Ingersoll Rand will pay a quarterly dividend of $0.53 per share on June 28 to all shareholders of record on June 7. The stock has a 1.7% dividend yield. 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.

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in the move down but pressures are up. Gold and silver rallied, met resistance and retreated sharply.

Crude Oil is pressing up for a possible new move up. Natural gas an’t get moving.

The US 30 Year Treasuries are in a move up to the new highs, but could see a retracement soon.

The US Dollar futures are up against the highs and also may see a retracement soon.

______________________

S&P 500 Futures_

Monthly – Down for the month so far but still in the up move. Trade pressures are up. Volumes closed the month of April as bullish, but on low volumes. The next target up is 3408. A close below 2736 would confirm any weekly move lower.

Weekly – Retracing the move up. Trade pressures are up but turning down. Volumes remain bullish. The next target up is 2976. A close below 2811 would confirm any daily move lower.

Daily – Short. The new move down has been triggered with the close below 2842. Trade pressures are down but rising. Volumes are bullish. Enter the short as it meets the 25×5 resistance level at 2909. Set the stops at the 2961 highs. Watch the trade pressures on the hourly for timing.

__________________________________

Navellier Top 8 Stocks – The semiconductor stocks in this selection are down, but fundamentals remain strong. The $100,000 model portfolio is now about $113,000 YTD.

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in the downtrend, but could have a retracement move up. Gold and silver are showing some bullish signs.

Crude Oil is in the move down with wide ranging days. Natural gas is showing some small signs of life.

The US 30 year Treasury Bond is moving up despite a slowing of bids in the new issue markets.

The US Dollar futures are in a retracement move down.

_________________________

S&P 500 Futures_

Monthly – In the move up from the 2904 new long entry level. Trade pressures are up. Volumes closed the month of April as bullish on lower volumes. The next target up is 3406. A close below 2735 would confirm any weekly  move lower.

Weekly – In a retracement from the long Christmas move up. Trade pressures are up. Volumes remain bullish even with the sharp move down this past week. The next target up is 2976. A close below 2811 would confirm any daily move lower. The weekly low was 2825, but closed at 2887.

Daily – Flat. In the move up from the 2417 long entry. Trade pressures are down. Volumes are bearish to neutral; suggesting dip buyers.

The next target up remains the 2976 level. A close below the 2842 level would signal lower. The market traded below these levels but did not close below.

______________________________

Navellier Top 8 Stocks – The $100,000 model portfolio is now at $115,000 for the Year to Date.

 

[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 down. Gold and silver are basing and are showing some signs of a move up.

Crude oil has started a new downtrend. Natural gas remains at  its lows.

The US 30 Year bonds are in the move down, but very close to a new long entry.

The US Dollar futures are consolidating between the 97.05 and 98.22 targets.

___________________

S&P 500 Futures_

Monthly – The close above the 2904 level puts the monthly back into the new move up. Trade pressures are up. Volumes closed the month of April as bullish. The next target up is 3408. A close below 2735 would confirm any weekly move lower.

Weekly – In the long move up from the the 2423 Christmas long entry. Trade pressures are up. Volumes are bullish. The next target up is 2976. A close below the 2811 would confirm any Daily move lower.

Daily – Flat. Now testing the October 2018 prior highs. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is 2976. A close below the 2843 level would signal lower.

________________________

Navellier Top 8 Stocks – The $100,000 model portfolio closed at about $116,000 YTD after the Haverty’s earnings miss.

 

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in new move down. Gold and Silver are reacting the the Dollar.

Oil has signaled anew short trade. Natural Gas remains lower.

The us 30 year Treasury Bonds are close to a new buy signal.

The US Dollar Futures are pulling  back after a sharp run to new highs.

_____________________

S&P 500 Futures_

Monthly – In the new move up if price can close the month above 2900. Trade pressures are up. Volumes closed the month of March as Bullish. The next target up is 3408. A close above the 2900 will confirm any weekly move higher.

Weekly – Still in the move up from the Christmas lows. Trade pressures are up. Volumes are bullish. The next target up is 2976. A close below the 2793 level would confirm any daily moves lower.

Daily – Flat. In the move up from the 2862 long entry level. Trade pressures are up but turning down. Volumes remain bullish.

The next target up is 2976.

A close below 2824 would signal lower.

______________________

Navellier Top 8 Stocks –  The $100,000 Model portfolio is down with the reductions in forward guidance from  the semi conductor group. The weekly value closed at $118,000; still up nicely but off the highs. On Monday at the open O’Reilly (ORLY), Atlassian (TEAM), and Medifast (MED) will be replaced by Autozone (AZO), Cadence Design (CDNS) and Haverty’s (HVT).

 

[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) was added to the High-Growth Investments Buy List in the April Monthly Issue, so it’s making its first appearance on the Top Stocks list this month. If you recall, AutoZone is a leading retailer and provider of automotive parts and accessories in the U.S. The company has more than 6,000 retail stores in the U.S., as well as in Washington, D.C., Puerto Rico, Mexico and Brazil.

AutoZone is expected to announce earnings and sales results for its third quarter in fiscal year 2019 in late May. And considering that the company has posted positive earnings surprises in each of the last four quarters, analysts have been scrambling to update their third-quarter estimates. Earnings forecasts have been upped by $0.39 per share in the past three months.

For the third quarter, AutoZone is expected to report earnings of $15.12 per share and revenue of $2.77 billion. That translates to 4.1% annual revenue growth and 12.7% annual earnings growth. AZO is a Conservative buy below $1,108.

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.

 

Cadence Design Systems, Inc. (CDNS) was the second stock that we added to the High-Growth Investments Buy List in the April Monthly Issue. The company offers electronic design automation (EDA) software and hardware, which play an integral role in the electronics design chain.

On Monday, April 22, Cadence Design Systems posted better-than-expected earnings and sales results for its first quarter. Revenue increased 11.6% year-over-year to $577 million, topping analysts’ expectations for $569.24 million by 1.4%. First-quarter earnings jumped 34.5% year-over-year to $152 million, or $0.54 per share, which beat estimates for $0.49 per share by 10.2%.

Looking ahead, Cadence Design Systems anticipates double-digit top- and bottom-line growth. The company expects second-quarter revenue between $575 million and $585 million and earnings per share between $0.52 and $0.54. That represents 10.9% to 12.8% annual revenue growth and 15.6% to 20% annual earnings growth. The stock is up more than 6% this week, thanks to the earnings beat. CDNS is a Conservative buy below $73.

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.

 

Keysight Technologies, Inc. (KEYS) is a spinoff of Hewlett-Packard’s independent measurement company, Agilent Technologies. Keysight Technologies enables its engineering, enterprise and service provider customers to accelerate innovation to connect and secure the world. And its solutions help bring electronic products to market faster at a lower cost.

Keysight Technologies kicked its fiscal year 2019 off on the right foot back in late February. The company reported first-quarter revenue of $1.1 billion and earnings of $176 million, or $0.93 per share, which represented 18% annual revenue growth and 81.4% annual earnings growth. Keysight Technologies also provided strong forward-looking guidance that had analysts increasing their second-quarter estimates.

The company is expected to announce results from its second quarter in fiscal year 2019 in late May. The current consensus estimate calls for earnings per share of $0.98 on revenue of $1.07 billion, or 7.4% annual revenue growth and 18.1% annual earnings growth.

Keysight Technologies has posted a positive earnings surprise in each of the last three quarters. Considering this and the fact that analysts have upped earnings estimates by 6.5% in the past two months, I’m looking for another quarterly earnings surprise. KEYS is a Conservative buy below $93.

SOM Technicals:

2-22-19: Closed at 82.46. Trade pressures are up. Volumes are now bearish. At the up side target, expect consolidation.

3-1-19: Closed at 85.90. Trade pressures are up and extended. Volumes are bullish. Stops at 81.83.

3-8-19: Closed at 83.99. Trade pressures are up but turning down. Volumes are bearish. Support at 80.64.

3-15-19: Closed at 85.99. Trade pressures are up but down near the neutral zone. Volumes are bullish. In consolidation after the very big run-up from the 61 level.

3-23-19: Closed at 84.76. Trade pressures are down into the neutral zone. Volumes are bearish. A close below 82.32 would signal a new down trend.

3-31-19: Closed at 87.20. Trade pressures are up into the neutral zone. Volumes are now bullish. In consolidation at the 25×5 MA.

4-5-19: Closed at 89.45. Trade pressures are up. Volumes are neutral. Uptrend support is at 86.26.

4-13-19:Closed at 91.84. Trade pressures are up. Volumes are bullish. Support at the 25×5 MA at 87.44.

4-19-19: Closed at 90.31. Trade pressures are down into the neutral zone. Volumes are bearish. Support at 88.27.

4-27-19: Closed at 85.99. Trade pressures are down. Volumes are bullish. broke the support level at 88.97. In a new move down. the next target down is 88.15.

5-4-19: Closed at 88.18. Trade pressures are down but rising. Volumes are bullish. Still in the move down with an 83.15 target.

5-11-19: Closed at 85.83. Trade pressures are down. Volumes are bearish. The next target down is 83.15.

5-18-19: Closed at 81.84. Trade pressures are down but rising. Volumes are bearish. The next target down is 76.58.

 

VMWare, Inc. (VMW) is one of our longer-held positions, as we added to the High-Growth Investments Buy List back on January 27, 2017. During this time, the company has experienced strong demand for its cloud, mobility, networking and security infrastructure software. In fact, VMWare has continued to post double-digit earnings and sales growth.

In the fourth quarter, which was released on March 1, VMWare posted 16% annual revenue growth and 25.3% annual earnings growth. Its fourth-quarter earnings of $1.98 per share also beat analysts’ estimates for $1.88 per share by 5.3%. And the good news is that VMWare shows no signs of slowing down.

For the first quarter, which is expected to be announced in late May, the analyst community is looking for revenue to grow 11.6% year-over-year to $2.24 billion. Earnings per share are forecast to rise slightly to $1.28 per share, up from $1.26 per share in the same quarter a year ago. VMWare, though, has topped analysts’ earnings estimates in each of the last four quarters. So, I wouldn’t be surprised if the company posts even stronger first-quarter results. VMW is a Conservative buy below $214.

SOM Technicals:

3-31-19: Closed at 180.51. Trade pressures are down. Volumes are bearish. The next target down is 169.77.

4-5-19: Closed at 185.73. Trade pressures are down into the neutral zone. Volumes are bullish. Uptrend support is at 179.29.

4-13-19: Closed at 192.81. Trade pressures are up. Volumes are up. The next target up is 204.

4-19-19: Closed at 188.17. Trade pressures are down into the neutral.zone. Volumes are bearish. Support is at 185.23.

4-27-19: Closed at 199,67. Trade pressures are up. Volumes are bearish. In the move up fro the 181.55 new long entry. The next target up is 207.66.

5-4-19: Closed at  203.28. Trade pressures are up but declining. Volumes are bullish. The next target up is 207.65.

5-11-19: Closed at 200.09. Trade pressures are down. Volumes are neutral. The next target down is 189.20.

5-18-19: Closed at 203.64. Trade pressures are up. Volumes are bullish. The next target up is 207.65.

 

Xilinx, Inc. (XLNX) rounds out the Top 5 Stocks list this month, with its second-straight appearance on the list. You may remember that Xilinx is a semiconductor company that developed the first FPGA, or Field Programmable Gate Array, which enables an integrated circuit to be configured after the manufacturing process. The company also developed the System-on-a-Chip, or SoC.

On Wednesday, Xilinx posted record revenues for its fiscal year 2019. First, the company reported total fourth-quarter revenues of $828 million, a 30% year-over-year increase. That topped analysts’ forecasts for revenues of $824.55 million. Xilinx also reported earnings of $242 million, or $0.94 per share. That represented 25.3% annual earnings growth and beat estimates for $0.93 per share by 1.1%.

So, total fiscal year 2019 revenues jumped 24% year-over-year to $3.06 billion. And thanks to rising 5G demand, communications revenue increased 34% year-over-year. Company management noted that its “fiscal year 2019 was truly an exceptional year.”

Xilinx also provided its outlook for the first quarter in fiscal year 2020. The company expects revenue between $835 million and $865 million, which represents 22% to 26.4% annual revenue growth. XLNX’s forecast is also nicely higher than the current consensus estimate for $832.02 million.

Despite the strong earnings report and outlook, XLNX pulled back about 10% on Thursday. XLNX is my purest 5G play and should benefit from rising demand as 5G is launched around the world. So, I expect XLNX to bounce back and view this week’s dip as a great buying opportunity.  XLNX is a Moderately Aggressive buy below $131.

SOM Technicals:

3-31-19: Closed at 126.79. Trade pressures are down but rising. Volumes are beaerish. 128.01 is a new long entry price.

4-5-19: Closed at 129.08. Trade pressures are in the neutral zone. Volumes are bullish. Uptrend support is at 125.15.

4-13-19: Closed at 134.41. Trade pressures are up. Volumes are bullish. The next target up is 146.53.

4-19-19: Closed at 134.95. Trade pressures are up. Volumes are bullish. The next target up is 146.53.

4-27-19: Closed at 118.93. Trade pressures are down. Volumes are neutral. After the sharp move down on the forward guidance, price is now at the 115.78 downside target. Expect some consolidation here.

5-4-19: Closed at 119.02. Trade pressures are down . Volumes are neutral. Sitting on support. Next target down is 105.00.

5-11-19: Closed at 116.92. Trade pressures are down and trending. Volumes are bearish. The next target down is the 110 lows.

5-18-19: Closed at 104.67. Trade pressures are down and trending. Volumes are bearish. the next target down is 99.54.

 

Elite Dividend Payers

Arbor Realty Trust (ABR) is one of our Elite Dividend Payers that continues to earn an AA-rating. Or in other words, it receives top marks in both Dividend Grader and Portfolio Grader. The REIT focuses primarily on providing structured finance assets in the multifamily and real estate markets. And as such, Arbor Realty Trust continues to grow its bottom line—and reward shareholders handsomely.

Arbor Realty Trust has paid a dividend for 27-straight quarters, and has consistently increased its dividend over the years. In fact, Arbor Realty Trust has upped its quarterly dividend by 125% in the past five years alone. Most recently, the REIT paid a dividend of $0.27 per share on March 20. The stock has a 7.8% dividend yield.

Arbor Realty Trust is expected to release first-quarter earnings results in early May. Currently, analysts are looking for earnings per share to drop 33.3% year-over-year to $0.28. Estimates have remained steady over the past three months. ABR is a Conservative buy below $15.

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.

 

 

Capital Southwest Corporation (CSWC) is making its second-straight appearance on the Top Stocks list this month. As a business development company (BDC), Capital Southwest Corporation helps middle-market companies develop and expand their businesses. The company has supported 285 companies over the last 57 years.

Capital Southwest Corporation also continues to reward its shareholders. The company has paid a quarterly dividend of 12-consecutive quarters. Most recently, CSWC paid a quarterly dividend of $0.38 per share and a special dividend of $0.10 per share on March 29. That quarterly dividend represented a 38% increase over the dividend paid in the same quarter a year ago. The stock has a 7.1% dividend yield.

The company is expected to announce earnings and sales for its fourth quarter in fiscal year 2019 in early May. The analyst community is looking for earnings of $0.40 per share on $14.32 million in revenue, or 45% annual revenue growth and 42.9% annual earnings growth. Analysts have also upped earnings estimates slightly in the past three months. CSWC is a Conservative buy below $22.

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. 

 

Haverty Furniture Companies, Inc. (HVT) is the newest addition to the Elite Dividend Payers Buy List, as we added the stock in the April Monthly Issue. If you recall, Haverty Furniture Companies offers high-quality furniture, home furnishings and accessories at affordable prices through its more than 100 locations in the U.S.

The company maintains an AA-rating this month, as Haverty Furniture Companies offers a nice blend of dividend growth and strong fundamentals. HVT has paid a dividend for 27-straight quarters, with steady increases over this time. In the past two years, the company has increased its quarterly dividend by 20%. Most recently, HVT paid a regular quarterly dividend of $0.18 and a special dividend of $1.00 on March 28. The stock has a 3% dividend yield.

Haverty Furniture Companies will report first-quarter earnings and sales after the stock market closes on Tuesday, April 30. First-quarter sales are forecast to dip 0.3% year-over-year to $198.82 million, and earnings are expected to drop 6.9% year-over-year to $0.27 per share. Analysts have increased earnings estimates slightly in the past two months, so HVT may post even stronger results. HVT is a Moderately Aggressive buy below $26.

SOM Technicals:

4-27-19: Closed at 23.70. Trade pressures are  down. Volumes are bearish. Support is at 23.29.

5-4-19: Closed at 19.27. Trade pressures are down hard. Volumes are neutral. Earnings disaster, wait for selling to subside, then look for an exit point on a bounce.

5-11-19: Closed at 18.55. Trade pressures are down. Volumes remain bearish. Looking for an exit. May have to wait for the next earnings report.

5-18-19: Closed at 17.67. Trade pressures are down. Volumes are bearish. The next target down is the old 2018 low at 16.71.

#emini #spfutures #SP500 #ES

Market Pressures_

Copper breaks out of the 2.89-2.94  channel to test the 2.99 target and then immediately falls back into the channel. Gold and Silver remain in the move down.

Crude oil is in consolidation at the 64.91 target. Natural gas breaks down below the 2.57 lows.

The US 30 year Treasuries are in the move down as rates rise marginally.

The US Dollar futures are in a sharp move up as the retail numbers came in better than expected,

______________________________

S&P 500 Futures_

Monthly – Above the 2904 long confirmation level. Trade pressures are up. Volumes closed the month of March as bullish. The next target up is the old high at 2951. A close above the 2904 would confirm any weekly move higher.

Weekly – In the move up from the longer cycle 2592 long entry. Trade pressures are up. Volumes are bullish. The next target up is 2976. A close below the 2765 level would confirm any daily move lower.

Daily – Flat. In the new move up fro m the 2862 long entry trigger. Trade pressures are up and trending. Volumes are bullish.

The next target up is 2976.

A close below 2802 would signal lower.

____________________

Navellier Top 8 – The $100,000 model portfolio drops back to $118,000 for the year-to-date. The earnings reports have generally been good, but Atlassian lowers the next quarter projections and stock price drops.

 

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is range bound during the uncertainties surrounding the trade discussions. Gold and Silver are consolidating at downside targets.

Crude Oil is at upside targets, so look for a move loer. Natural Gas is still basing at the 2.57 level.

The US 30 Year Treasuries are in a move down inside the longer cycle upmove.

The US Dollar futures are pulling back from the $97 dollar level.

_______________________

S&P 500 Futures_

Monthly – The close above the 2900 level now confirm the weekly move higher. Trade pressures are  rising into the neutral. Volumes closed the month of March as bullish. The next target up is 3408. A close below 2730 would confirm any weekly move lower.

Weekly – In the move up from the 2423 level in December. Trade pressures are up. Volumes are bullish. The next target up is 2976. A close below 2766 would confirm any daily move lower.

Daily – Flat. In the move up from the new long entry at 2862. Trade pressures are up. Volumes are bullish.

The next target up is 2976.

A close below 2796 would signal a new  move lower.

____________________

Navellier Top 8 Stocks – The $100,000 model portfolio closed the week above the $119,000 value. Ist Qtr 2019 earnings season begins next week. Navellier Buy List stocks are characterized by 17.3% average annual sales growth and 63.6% average annual earnings growth. So, while the general market may be projecting a slowdown in the growth rates, the investors should begin to focus on those select stocks that have better than average expectations.

 

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