#emini #spfutures #SP500 #ES

Market Pressures_

Copper is signaling lower; following the equity markets. Gold and Silver rally off recent lows.

Crude is trapped in a $3 range and natural gas is basing off the 2.57 lows.

The US 30 year Treasuries have rallied back to the short entry price.

The US Dollar futures are zipping through old highs.

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S&P 500 Futures

Monthly – Remains in the move down from the 2730 short confirmation in October 2018. Trade pressures are up into the neutral zone. The next target down is 2372. A close above the 2900 level would confirm a weekly move higher.

Weekly – The 2818 level has stopped the rally for the moment. Trade pressures are up. Volumes are bullish. The next target up is 2970. But need to get through the 2818. level first and decisively. A close below 2664 would confirm any daily move lower.

Daily – Five days lower after trade/recession/political worries. Next quarter S&P earnings projections are getting reduced which is the real problem for the market. lower growth gets translated into lower PE multiples.

The next target up remains the 2818 level.

A close below 2696 would signal lower.

Trade resolution can act as a catalyst both up and down.

______________________

Navellier Top 8 – Down with the market. The $100,000 model portfolio value is now  approximately $114,000.

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper remains in the extended rally to 3.00. Gold is now a new short; as is Silver.

Crude Oil is near a new short entry below 55.00. Nat Gas is basing after the sharp drop.

The US 30 Year Treasuries are in a move down but near support.

The US Dollar Futures are in a retracement move up to test the prior highs.

___________________

S&P 500 Futures_

Monthly – In the three month retracement up off the Christmas lows but still in the downtrend.. Trade pressures are rising into the neutral zone. Volumes closed the month of February as neutral. The next target  down is 2372. A close above 2900 would confirm any weekly move higher.

Weekly – 10 weeks of a move up off the Dec 24th lows. Trade pressures are up. Volumes are bullish. The next target up is 2818. A close below 2664 would confirm any daily move lower.

Daily – Flat. In the extended move up off the 2412 long entry price. Trade pressures are up and trending. Volumes have changed from neutral to bullish. The next target up is 2818. A close below 2695 would signal lower.

Lower time frame pressures are pointing up with a 60 min target of 2824. An hourly close below 2800 would signal a short term pullback to 2780. Below that level would set up a pattern of lower lows and likely trigger the bots.

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Navellier Top 8 – The $100,000 Virtual portfolio gained about $1000 this week to $18,000 for the year to date. There are 31 “A” rated stocks in our 65 stock buy list; enough to create a successful portfolio.

 

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper turned higher and in validated the short expectations. Gold and silver ran up with the market rise due to trade talks.

Crude ran to targets but getting over bot. Nat gas consolidating after the sharp move down.

The US 30 Year Treasuries are in a move down.

The US Dollar futures are in a move down.

___________________

S&P 500 Futures_

Monthly – Five months into this downtrend. Trade pressures are rising into the neutral zone. Volumes closed the month of January as neutral. The next target down is 2372. A close above the 2900 level would confirm any new weekly move up.

Weekly – A break of the downtrend with a move up out of the down sloping pitchfork. Trade pressures are up. Volumes are bullish. The next target up is 2818. A close below 2648 would confirm any daily move lower.

Daily –  Flat. Still in the move up from the 2412 level. Trade pressures are up and trending. Volumes are mixed, bearish to bullish. The December high of 2818 is the next target up. A close below the 2679 level would signal lower.

The 60 minute pressures are turning down so perhaps a short correction is in order. Will watch the daily volumes.

__________________

Navellier Top 8 Stocks – The $100,000 virtual portfolio is down to $17,000 this week despite some very good earnings reports. On Monday Chicago Mercantile Exchange Grp (CME) will be replaced with Keysight Tech (KEYS) and Medifast (MED) will replaced with Arbor Realty (ABR).

[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

Dexcom, Inc. (DXCM) has been at the forefront of diabetes care and management for the past two decades. By listening to the needs of patients with diabetes, Dexcom developed its continuous glucose monitoring (CGM) system. Simply put, CGM helps patients and healthcare professionals better monitor glucose levels 24 hours per day through a tiny sensor that is inserted under the patient’s skin.

Back in March 2018, Dexcom revealed that it received market authorization from the FDA for its Dexcom G6 CGM system, which monitors glucose levels in children two years of age and older, as well as adults. The system can be used as a standalone CGM or in integration with automated insulin dosing systems. The G6 CGM was the first CGM to be granted this classification from the FDA—and it added nicely to the company’s top and bottom lines in 2018.

In fact, on Thursday, Dexcom posted double-digit sales growth and triple-digit earnings growth for its fourth quarter. Total revenue soared 53% year-over-year to $338 million, while earnings surged 304% year-over-year to $48.9 million, or $0.54 per share. The analyst community was expecting earnings of $0.17 per share on $307.52 million in revenue, so DXCM posted a whopping 217.6% earnings surprise and a 10% sales surprise.

For full year 2018, Dexcom reported revenue of $1.032 billion, or 44% annual revenue growth. And looking ahead, the company reaffirmed its 2019 revenue guidance. Dexcom expects revenue between $1.175 billion and $1.225 billion, or 13.9% to 18.7% annual revenue growth. DXCM is an Aggressive buy below $161.

SOM Technicals:

12-22-18: closed at 108.32. Trade pressures are down. Volumes are bearish. The next target down is 99.47. Now sitting on support at the 200 day MA.

12-29-18: Closed at 118.28. Trade pressures are down but rising. Volumes are bullish. The next target up is 127.38.

1-5-19: Closed at 116.24. Trade pressures are down into the neutral zone. Volumes are now neutral. At the 200 day MA and support.

1-12-19: Closed at 142.00. Trade pressures are up. Volumes are bullish. Moved sharply up off the 200 day MA. Now at the retracement target and should consolidate here.

1-19-18: Closed at 149.62. Trade pressures are up and extended. Volumes are bullish. At the 141.18 target, expect consolidation here.

1-26-19: Closed at 146.00. Trade pressures are up but rolling over. Volumes are bearish. Support is 141.00.

2-2-19: Closed at 141.78. Trade pressures are now down. Volumes are bearish to bullish. The 25×5 MA is lower at 136.52.

2-8-19: Closed at 145.53. Trade back up into the neutral.zone. Volumes are bullish. In the up trend. The next target up is 163.51.

2-16-19: Closed at 148.49. Trade pressures are in the neutral zone. Volumes are now bullish. The next target up is 163.51.

2-22-19: Closed at 136.86. Trade pressures are down. Volumes are bearish. The next support down is 122.00.

3-1-19: Closed at 143.49. Trade pressures are down but rising. Volumes are now bullish. Consolidating at the 25×5 MA.

3-8-19: Closed at 143.24. Trade pressures are in the neutral zone. Volumes are bullish. Struggling to get above the 25×5 MA at the 144 level.

3-15-19: Closed at 151.00. Trade pressures are up. Volumes are bullish. The next target up is 163.51.

3-23-19: Closed at 129.03. Trade pressures are down. Volumes are bearish. At support and the 200 day MA.

 

 

Fortinet, Inc. (FTNT) continues to make big strides in offering strategic security solutions for the launch of 5G in mobile infrastructure this year. New and faster 5G networks come with new cybersecurity attacks—and Fortinet has been working hard to address these rising threats.

This week, Fortinet announced that its 5G-ready FortiGate 7000 Next-Generation Firewall series has the ability to protect 5G mobile infrastructures against attacks from outside and inside the network. The company’s FortiGate NGFW VNF and FortiWeb WAF VNF also protect cloud platforms providing IoT (Internet of Things) services.

With 5G already launched in the U.S. back in October and expected to be offered by all four of the U.S.’s major service providers this year, Fortinet’s security solutions are in top demand right now. This was evident in Fortinet’s better-than-expected fourth-quarter report on February 6.

The company reported that fourth-quarter revenue jumped 22% year-over-year to $507 million, and earnings surged 88.8% year-over-year to $104.6 million, or $0.59 per share. The consensus estimate called for earnings of $0.52 per share on $496.35 million, so FTNT posted a 13.5% earnings surprise and a slight sales surprise. FTNT is a Moderately Aggressive buy below $96.

SOM Technicals:

9-29-18: Closed at 92.27. Trade pressures are up. Volumes are bullish. The next target up is 99.90.

10-7-18: Closed at 86.10. Trade pressures are down into the neutral zone. Volumes are bearish. Support is at 83.83.

10-13-18: Closed at 79.95. Trade pressures are down. Volumes are bearish. The old upside target of 277.70 could hold support.

10-20-18: Closed at 81.20. Trade pressures are down but rising. Volumes are now bullish. 84.20 signals a new long entry.

10-28-18: Closed at 78.19. Trade pressures are down but showing some divergence. Volumes are neutral. The next target down is 76.14.

11-3-18: Closed at 72.56. Trade pressures are up into the neutral zone. Volumes are bearish. The 200 day is the next support at 65.28.

11-10-18: Closed at 74.73. Trade pressures are neutral. Volumes are neutral to bearish. Need a close above 79.15 to get going again.

11-17-18: closed at 73.45. Trade pressures are in the neutral zone. Volumes are bearish. At support/ Need the close above 79.16 to resume the move up.

11-24-18: Closed at 67.96. Trade pressures are now down. Volumes are mixed bullish to neutral. At the 200 day MA. Need a  close above 72.11 to resume any move up.

11-30-18: Closed at 73.84. Trade pressures are up into the neutral zone. Volumes are bullish. The 200 day MA was support. the next target up is 77.70.

12-8-18: Closed at 71.61. Trade pressures are up but turning down. Volumes are neutral. At the new long entry of 72.11.

12-15-18: Closed at 72.91. Trade pressures are down into the neutral zone. Volumes are bearish. 68.91 is support at the 200 day MA.

12-22-18: Closed at 65.84. Trade pressures are down. volumes are bearish. At the 200 day MA support. The prior low is 64.65.

12-29-18: Closed at 70.34. Trade pressures are down but rising. Volumes are bullish. A close above 72.11 would start another move up.

1-5-19: Closed at 66.91. Trade pressures are back down into the neutral zone. Volumes are bearish. The next target down is 58.81.

1-12-19: Closed at 73.27. Trade pressures are up. Volumes are bullish. The downtrend resistance is just above at 74.53. Need a break above that level.

1-19-18: Closed at 70.50. Trade pressures are down into the neutral zone. Volumes are bearish. Sitting on the 200 day MA and the new short entry at 70.17.

1-26-19: Closed at 73.59. Trade pressures are now up. Volumes are bullish. In a new uptrend. The next target up is 77.18, the prior high pivot.

2-2-19: Closed at 78.90. Trade pressures are up. Volumes are bullish. 79.14 is new long entry. Support is now at the 200 day MA @ 72.16.

2-8-19: Closed at 81.02. Trade pressures are up but rolling over. Volumes are bullish to neutral. 75.23 would signal a new move down.

2-16-19: Closed at 83.11. Trade pressures are up but declining. Volumes are bullish. The next target up is 89.00.

2-22-19: Closed at 86.79. Trade pressures are up. Volumes remain bullish. The next target up is 90.45.

3-1-19: Closed at 86.93. Trade pressures are up. Volumes are bullish. The next target up is 91.01.

3-8-19: Closed at 80.67. Trade pressures are down. Volumes are neutral. Support is at 74.84.

3-15-19: Closed at 83.26. Trade pressures are up. Volumes are bullish. Still in the downtrend. A close above 86.30 would signal higher.

3-23-19: Closed at 85.19. Trade pressures are up. Volumes are bullish. Tested the 88.50 prior high and then came back with the market.

 

Keysight Technologies, Inc. (KEYS) was added to the High-Growth Investments Buy List in February, and it’s making its first appearance on the Top 5 Stocks list this month. If you recall, the company provides technology solutions that enhance networks and speed up electronics production at a much lower cost. Keysight Technologies’ customers include 78 of the Fortune 100, as well as the top 25 technology companies and the top 25 telecom operators.

Currently, Keysight Technologies is partnering with AT&T, Anokiwave, Ball Corporation and new buy Xilinx to further develop 5G networks that use open radio access network (O-RAN) architecture. Together, these companies achieved an industry milestone: They’ve built an O-RAN unit with commercial off-the-shelf components, which will provide more flexibility in 5G networks.

And this type of innovative spirit and technology breakthroughs are exactly why Keysight Technologies is a leading tech company—and why its products are in strong demand. In fact, on Thursday afternoon, the company reported “outstanding” earnings and sales growth for its first quarter in fiscal year 2019.

Revenue jumped 18% year-over-year to $1.1 billion, which topped estimates for $983.18 million. First-quarter earnings soared 81.4% year-over-year to $176 million, or $0.93 per share, up from $97 million, or $0.51 per share, in the same quarter a year ago. Analysts were expecting earnings of $0.80 per share, so KEYS posted a 16.3% earnings surprise.

Looking forward to the second quarter, KEYS expects revenue between $1.06 billion and $1.08 billion and earnings per share between $0.93 and $0.99. Both forecasts are nicely higher than the current consensus estimate for earnings of $0.92 per share on $1.04 billion in revenue. KEYS is a Moderately Aggressive buy below $90.

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 cose below 82.32 would signal a new down trend.

 

Lululemon Athletica, Inc. (LULU) is our yoga apparel retailer that’s adding product lines and gaining market share from competitors like Nike (NKE) and Under Armour (UA). In fact, after a very strong holiday shopping season, Lululemon revised its fourth-quarter guidance higher in January.

For the fourth quarter, Lululemon expects revenue between $1.14 billion and $1.15 billion, up from previous forecasts for $1.115 billion to $1.125 billion. Earnings per share are anticipated to be between $1.72 and $1.74, compared with previous guidance for $1.64 per share to $1.67 per share.

Thanks to the increased outlook, the analyst community has been scrambling to adjust its forecasts, too. In the past three months, earnings per share estimates have been revised 6.1% higher—and that bodes well for a fifth-straight quarterly earnings surprise. LULU is expected to release fourth-quarter results in March. Analysts are currently looking for 23.8% annual sales growth and 30.8% annual earnings growth. LULU is a Moderately Aggressive buy below $166.

SOM Technicals:

7-30-18: Closed at 120.00. Trade pressures are down. Volumes are bearish. Consolidating at the prior 119.00 target level.

8-4-18: Closed at 126.08. Trade pressures are rising into the neutral zone. Volumes are bullish. Still in the consolidation zone. Need a close above 130.05 to start a new move up.

8-10-18: Closed at 130.52. Trade pressures are up. Volumes are bullish. The next target up is 150.12.

8-18-18: Closed at 130.19. Trade pressures are up. Volumes are neutral. One of the few with an upward bias in August.

8-26-18: Closed at 138.76. Trade pressures are up. Volumes are bullish. The next target up is 150.12.

9-1-18: Closed at 154.93. Trade pressures are up. Volumes are neutral. Big earnings surprise puts LULU above the 150.12 target. The next target up is 170.18.

9-8-18: Closed at 150.82. Trade pressures are up. Volumes are neutral. The next target up is 170.18.

9-15-18: Closed at 153.71. Trade pressures are up and trending. Volumes are neutral. The next target up is 170.18.

9-23-18: Closed at 156.99. Trade pressures are up and trending. Volumes are bullish. The next target up is 170.18.

9-29-18: Closed at 162.49. Trade pressures up and trending. Volumes are bullish. The next target up is 170.18.

10-7-18: Closed at 153.84. Trade pressures are up but turning down. Volumes are bearish. The next target down is the 25×5 moving average at 148.50.

10-13-18: Closed at 143.71. Trade pressures are down. Volumes are bearish. The initial long entry at 130.05 is the the next support.

10-20-18: closed at 136.77. Trade pressures are down. Volumes are bearish. the prior long entry at 130.05 is support.

10-28-18: Closed at 134.82. Trade pressures are down. volumes are bearish. the next target down is 131.02.

11-3-18: Closed at 142.02. Trade pressures are down but rising. Volumes are bullish.  144.25 is the new long entry.

11-10-18: Closed at 137.56. Trade pressures are neutral. Volumes are bearish. support at the 133.13 low pivot.

11-17-18: Close at 139.02. Trade pressures are in the neutral zone. Volumes are mixed, bullish to bearish. At support need a close above the 144.35 level to resume the move up.

11-24-18: Closed at 120.86. Trade pressures are down. Volumes are neutral. At the 200 day MA. Need a close above 129.64 to start a new move up.

11-30-18: Closed at 132.55. Trade pressures are up into the neutral zone. Volumes are bullish. Again a nice bounce off the 200 day MA. This close above 129.64 restarts the move up.

12-8-18: Closed at 113.87. Trade pressures are into neutral zone. Volumes are very bearish. Next target down is 103.91.

12-15-18: Closed at 119.12. Trade pressures are down but showing divergence. Volumes are bearish. At the 200 day MA and holding.

12-22-18: Closed at 113.74. Trade pressures are down. Volumes are bearish. Now below the 200 M day MA and at the 114.68 downside target level.

12-29-18: Trade pressures are up into the neutral zone. Volumes are bullish. Need a close above the 131.20 level to restart the move up.

1-5-19: Closed at 128.55. Trade pressures are up. Volumes are bullish. The next target up is the downtrend resistance at 130.

1-12-19: Closed at 131.52. Trade pressures are up but rolling over. Volumes are now bullish. In a new move up, the next target up is the old high of 164.

1-19-18: Closed at 152.07. Trade pressures are up and trending. Volumes are bullish. In the new move up from the 137.77 level. The next target up is 164.82.

1-26-19: Closed at 151.89. Trade pressures are up and trending. Volumes are bullish. In consolidation. The next target up is 164.82.

2-2-19: Closed at 146.12. Trade pressures are up but rolling over. Volumes are now bearish. Support at 143.00.

2-8-19: Closed at 148.62. Trade pressures are in the neutral zone. Volumes are bearish closing bullish. The next target up is 164.82.

2-16-19: Closed at 151.09. Trade pressures are up but turning down. Volumes are bearish. Support a t 144.00.

2-22-19: Closed at 149.26. Trade pressures are down. Volumes are now bearish. Support is at 133.28.

3-1-19: Closed at 151.38. Trade pressures are up. Volumes are now bearish. Stops at 146.81.

3-8-19: Closed at 142.51. Trade pressures are down. Volumes are bearish. Support is at 135.71.

3-15-19: Closed at 141.79. Trade pressures are down but rising. Volumes are bearish. Support remains at 136.69.

3-23-19: Closed at 143.21. Trade  pressures are up. Volumes are bearish. Support is at 137.41.

 

Veeva Systems, Inc. (VEEV) rounds out the Top 5 Stocks list again this month. The company provides cloud-based software systems to more than 600 life science companies around the world. Veeva’s solutions help these companies introduce new medications and treatments faster.

Recently, Veeva revealed that more than 150 life sciences companies, including four of the 10 largest pharmaceutical companies, are using Veeva Vault RIM applications to simplify their regulatory processes. Veeva Vault RIM allows companies to host their regulatory data and content on one platform, which reduces manual data tracking and the use of multiple systems.

Veeva is scheduled to release fourth-quarter and full-year earnings and sales on Tuesday, February 26, after the stock market closes. Considering that analysts’ have increased fourth-quarter earnings per share estimates by 8.1% in the past three months, it’s lining up to be another stunning report.

The analyst community is looking for fourth-quarter earnings to soar 73.9% year-over-year to $0.40 per share, up from $0.23 per share in the same quarter a year ago. Revenue is expected to jump 22.7% year-over-year to $226.86 million, compared to the $184.92 million reported in the fourth quarter of 2017. VEEV is a Moderately Aggressive buy below $135.

SOM Technicals:

1-26-19: Closed at 109.22. Trade pressures are up. Volumes are bullish. At resistance . The next target up is 114.84.

2-2-19: Closed at 113.27. Trade pressures are up but turning down. Volumes are bullish. Good move into earnings. The next target up is 114.84.

2-8-19: Closed at 114.90. Trade pressures are up and trending. Volumes are bullish. Consolidating at the 114.84 target.

2-16-19: Closed at 120.81. Trade pressures are up and trending. Volumes are bullish. The next target up is 130.00.

2-22-19: Closed at 118.69. Trade pressures are up but declining. Volumes are bearish. There is support at 122.72.

3-1-19: Closed at 120.73. Trade pressures are now down. Volumes are neutral. Stops at 112.50.

3-8-19: Closed at 114.52. Trade pressures are down. Volumes are neutral. In the move down to 104.32.

3-15-19: Closed at 122.35. Trade pressures are up. Volumes are bullish. In a new move up from the 120.40 level.

3-23-19: Closed at 123.11. Trade pressures are up. Volumes are bearish. Support is at 115-116.

 

Elite Dividend Payers

Arbor Realty Trust, Inc. (ABR) continues to offer a nice blend of consistent and growing dividends, as well as superior fundamentals. As a real estate finance company, Arbor Realty Trust provides structured finance investments, including discounted mortgage notes, preferred equity and real estate-related bridge and mezzanine loans.

On Friday, February 15, Arbor Realty Trust reported fourth-quarter earnings of $37.2 million, or $0.47 per share, which represented 34.3% annual earnings growth. The analyst community was expecting earnings of $0.28 per share, so ABR posted a stunning 67.9% earnings surprise.

Arbor Realty Trust also noted that full-year earnings soared 64.5% year-over-year to $108.3 million, or $1.50 per share, up from $65.8 million, or $1.12 per share, in 2017. And given the better-than-expected full-year results, analysts have increased their fiscal year 2019 earnings forecast in the past week.

I should also add that Arbor Realty Trust announced that it will pay a quarterly dividend of $0.27 per share, which represented a 29% increase over the dividend paid in the same quarter a year ago. The dividend will be paid on March 20 to all shareholders of record on March 1. The stock has an 9.1% 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.

 

BG Staffing, Inc. (BGSF) is a leading provider of professional staffing services in the U.S. Over the past decade, BG Staffing has expanded its business through strategic acquisitions. Most recently, in 2018, the company acquired Smart Resources Accountable Search, which provides IT consulting and recruiting, and in 2017, it purchased Zycron, a Nashville-based provider of IT solutions.

The company has paid a quarterly dividend for 14-straight quarters. On February 26, BG Staffing will pay a $0.30 per share dividend, which represents a 20% increase over the dividend paid in the same quarter a year ago. All shareholders of record on February 19 will receive the dividend. The stock has a 4.4% dividend yield.

BG Staffing has scheduled its fourth-quarter earnings release for March 12, prior to the opening bell. Fourth-quarter earnings per share are expected to surge 490% year-over-year to $0.39 per share, up from a $0.10 per share loss in the same quarter a year ago. Sales are forecast to dip slightly to $75.26 million, down from $75.7 million in the fourth quarter of 2017.

Earnings per share estimates have remained steady over the past three months, but BG Staffing has posted an average 69% earnings surprise in the past three quarters. So, another quarterly earnings surprise may be in the cards. BGSF is a Moderately Aggressive buy below $28.

SOM Technicals:

1-26-19: Closed at 23.23. Trade pressures are up and trending. Volumes are bullish. At the 200 day MA and acting as resistance. The next target up is 25.59.

2-2-19: Closed at 26.27. Trade pressures are up. Volumes are bullish. Nice move up and thru the 25.59 target. 29.90 is the next target up.

2-8-19: Closed at 26.50. Trade pressures are up and trending. Volumes are bullish. The next target up is 29.11.

2-16-19: Closed at 27.75. Trade pressures are up and trending. Volumes are bullish. The next target up is 29.11.

2-22-19: Closed at 24.73. Trade pressures are down. Volumes are bearish to neutral. At support, sitting on the 200 day MA at 23.98.

3-1-19: Closed at 25.73. Trade pressures are down but rising. Volumes are bullish. Support is at the 200 day MA, 24.00.

3-8-19: Closed at 25.63. Trade pressures are down. Volumes are neutral. Support is at 24.22.

3-15-19: Closed at 24.03. Trade pressures are down. Volumes are neutral. In a new move down. The next target down is 21.21.

3-23-19: Closed at 20.84. Trade pressures are down. Volumes are bearish. Very sensitive to the economy, so down hard.

 

Insperity, Inc. (NSP) was our top-performing Elite Dividend Payer in the past four weeks, as the stock soared 24% higher. Part of this stunning relative strength can be attributed to Insperity’s record fourth-quarter and full-year 2018 report on February 11.

The provider of human resources solutions reported that fourth-quarter revenue jumped 17% year-over-year to $966.8 million, while earnings soared 59% year-over-year to $24.7 million, or $0.59 per share. Adjusted earnings per share were $0.69, which represented a 25% increase. The consensus estimate called for earnings of $0.65 per share on $959.22 million in revenue, so Insperity posted a 6.2% earnings surprise and a slight sales surprise.

For fiscal year 2018, Insperity reported adjusted earnings of $3.75 per share on $3.8 billion in revenue, or 16% annual revenue growth and 53% annual earnings growth. Looking forward to fiscal year 2019, the company expects adjusted earnings per share between $4.37 and $4.69, or 17% to 25% annual earnings growth.

As one of our AA-rated stocks, Insperity has not only continued to grow its top and bottom lines, but it has also continued to reward shareholders. The company has paid a dividend for 56-straight quarters—and this dividend was increased by 33.3% in 2018. The stock has a 0.6% dividend yield. NSP is a Moderately Aggressive buy below $144.

SOM Technicals:

1-5-19: Closed at 92.56. Trade pressures are in the neutral zone. Volumes are now neutral. Tracking just below the 200 day MA in the downtrend.

1-12-19: Closed at 95.21. Trade pressures are up. Volumes are bullish. At the lows and below the 200 day MA. Need a close above 106.03 to get moving again.

1-19-18: Closed at 100.69. Trade pressures are up and extended. Volumes are bullish. Just above the 200 day MA. 106.30 would start a new move up.

1-26-19: Closed at 105.13. Trade pressures are up and extended. Volumes remain bullish. The next target up is 119.24.

2-2-19: Closed at 107.01. Trade pressures are up. Volumes are bullish. In the new move up. The next target up is 121.15.

2-8-19: Closed at 110.90. Trade pressures are up and trending. Volumes are bullish. The next target up is 130.26.

2-16-9: Closed at 129.74. Trade pressures are up but turning down. Volumes are bullish. The next target up is 137.44.

2-22-19: Closed at 130.40. Trade pressures are up but declining. Volumes are bullish. The next target up is 137.44.

3-1-19: Closed at 127.78. Trade pressures are up but declining and near the neutral zone. Volumes are bearish. Stops at 122.43.

3-8-19: Closed at 121.58. Trade pressures are down. Volumes are bearish. Price is at the 200 day MA and support.

3-15-19: Closed at 123.12. Trade pressures are up into the neutral zone. Volumes are bearish. Consolidating at the 130.26 level. The next target up is 137.44.

3-23-19: Closed at 120.43. Trade pressures are down into the neutral zone. Volumes are bearish. Breaks the 25×5 support and the 200 day is below at 107.43.

 

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is finding support at the short entry price. The gold short was stopped out. Silver is pulling back inside a longer term move up.

Crude is in a new long trade, but at resistance. Natural Gas is seeking a bottom.

The US 30 year Treasuries are moving side ways after a test of the 144 support.

The US Dollar futures are in a pullback after rallying to near the 96.77 level.

______________________

S&P 500 Futures

Monthly – In the second month of a rally off the Christmas lows. Trade pressures are down but rising. Volumes closed the month of January as neutral. The next target down is 2372. A close above the 2900 level would confirm any weekly move higher.

Weekly – Seven weeks up in this rally. Trade pressures are up. Volumes are bullish for four of these weeks. The next target up is 2818. A close below the 2628 level would confirm any daily move lower.

Daily – Flat. The close of 2778 is at the weekly upper median line which should act as resistance. Trade pressures are up but showing some divergence. Volumes are bullish and bearish. The markets are all driven by events, or the hope of events; not a healthy situation.

The 60 minute long signal at 2702 yielded 75 points of a move up which would have been sold at the 2721 profit target. The next target up is the 2818 prior high pivot.

A close below the 2660 level would signal lower.

________________________

Navellier Top 8 – The $100,00 virtual portfolio is now up by more than $19,000. A 19% year would be considered a superior return. One could be forgiven for taking the profit and waiting for lower prices. But the Top 8 will be adjusted throughout the year by replacing those companies that have moved out of their respective value ranges by other opportunities with better metrics.

{The author may have long or short positions in any of he securities mentioned.]

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in a pullback after meeting profit targets. Gold is a new short. Silver is stopped out of the long trade.

Crude is a new short. Nat Gas has met profit targets.

The US 30 Year Treasury Bond is looking for a new long trade.

The US Dollar futures are at the top end of a trading range.

_____________________

S&P 500 Futures_

Monthly – Still in the move down from the 2730 level. Trade pressures are rising into the neutral zone. Volumes closed the month of January as neutral. The next target down is 2372. A close above 2900 would confirm any weekly move higher.

Weekly – Rallied thru and closed below the 2721 upside target. Trade pressures are up in the neutral zone. Volumes have been bullish for the last four weeks. The next target up is 2816. A close below 2588 would confirm any daily move lower.

Daily – Flat. Completed a move down to the 2686 target on the hourly charts. Trade pressures are up. Volumes closed as bullish.

The next hourly target down is 2655.
A close above 2702 would signal higher on hourly.

The daily technical pressures are down. The earnings estimates for the S&P 500 are being lowered by the analyst community. 1Q19 and 2Q19 are down to 2 and 3 percent growth. The 2H19 looks better but is still subject to downward revisions.

____________________

Navellier Top 8 – The $100,000 virtual portfolio is up $14,000 for the YTD. The portfolio companies have reported good 4Q18 earnings and positive guidance for the upcoming quarters. As the average earnings expectations for the general market are reduced by analysts, these better fundamentals will be increasingly attractive to the fund managers.

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper has made nice move up. Gold and Silver also have moved but are now looking toppy.

Crude oil continues the move up but is very close to upside targets, expect retracement. Natural Gas is moving down in the midst of one one of the coldest weeks on record.

The US 30 year Treasuries are in a shallow pullback, looking for higher.

The US Dollar futures are testing the prior lows. Could have a bounce.

____________________

S&P 500 Futures_

Monthly – Very near a 62% retracement of the move down from the 2951 high. Trade pressures are rising into the neutral zone. The next target down is 2372. A close above the 2900 level would confirm any new weekly move up.

Weekly – The sixth week of the move higher. Trade pressures are up into the neutral zone. Volumes are still bullish. The next target up is 2721. A close below 2566 would confirm any daily move lower.

Daily – Flat. Looks to be the fifth wave in this move up from 2412. Trade pressures are up but turning down. Volumes are bullish. The next target up is 2721. A close below 2597 would signal lower.

Price has moved just above the 2695 level reclaiming all the 2108 losses and now even ahead of the 2017 yer end close.

Crude, Gold and the S&P index are all at upside targets, be alert for a new move down in all three.

__________________

Navellier Top 8 Stocks are doing well in the earnings season. The $100,000 Virtual portfolio is up about $12,000 in this month of January. A fast move up and not likely to continue at this rate.

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper in a new move up. Gold and Silver in a rally on the Venezuela worries.

Crude oil also reacting to possible sanctions on Venezuela. Natural gas is in a new short trade.

The US 30 year Treasury Bond is in a move down, but watch carefully for a possible move up.

The US Dollar futures are in the move down as the FED slows the asset sales.

_________________

S&P 500 Futures_

Monthly – The monthly bar appears to recover fifty percent of the December move down, but still in the move down. Trade pressures are down. Volumes Closed the month of December as bearish. The next target down is 2368. A close above the 2900 level would confirm any weekly move higher.

Weekly – Five weeks into this retracement move up. Trade pressures are still down but rising. Volumes are now neutral. the next target up is 2721. A close blow the 2528 level would confirm a new daily move lower.

Daily – Flat. In the move up from the 2412 long entry level and thru the 2566 target. Trade pressures are up but declining. Volumes are bullish. The break above the downtrend resistance at 2642 has resulted in consolidation. The next target up is 2721. A close below 2558 would signal lower.

___________________

Navellier Top 8 – Lamb Weston (LW) will replaced with Veeva Systems (VEEV). Arbor Realty Trust (ABR) and Capital Southwest Bank (CSWC) will be replaced by BG Staffing (BGSF) and Medifast (MED) on Monday at the open. Performances of the Virtual portfolio are in line with the market.

[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

CME Group, Inc.

CME Group, Inc. (CME) remains a Top 5 Stock for February as it continues to outperform the S&P 500. As we’ve talked about before, CME runs the world’s leading marketplace, the Chicago Mercantile Exchange.

Simply put, CME Group dominates the world of options trading. In fact, its tagline is that it is “where the world comes to manage risk.” For those of you who aren’t as familiar with the CME, or “the Merc,” it trades several types of financial instruments: Interest rates, equities, currencies and commodities (like energy, agricultural products and metals). CME Group executes trades through its electronic trading platforms, and it also provides hosting, connectivity and customer support for electronic trading.

CME made a couple of records recently. It saw Asia Pacific average daily volume (ADV) increase 45% to 921,000 contracts in the fourth quarter. On a global scale, there was an 18% increase to 19.2 contracts ADV.

I expect this strength to be reflected in the company’s upcoming fourth-quarter report on February 14. Analysts are expecting earnings of $1.72 per share on revenue of $1.2 billion. This represents 53.6% annual earnings growth and 32% annual revenue growth.

In addition, the company continues to reward its shareholders. CME just paid a special dividend of $1.75 per share on January 16. All shareholders of record on December 10 should have received the dividend. Continue to buy this Conservative stock up to $199.

SOM Technicals:

11-30-18: Closed at 190.08. Trade pressures are down. Volumes are neutral. Support at 184.15.

12-8-18: Closed at 187.11. Trade pressures are down. Volumes are bearish. The 25×5 day MA is holding as support.

12-15-18: Closed at 187.54. Trade pressures are up in the neutral zone. Volumes are bearish. Holding support at the 25×5 MA.

12-22-18: Closed at 182.65. Trade pressures are down. Volumes are bearish.Now in the downtrend with support at 181.

12-29-18: Closed at 186.11. Trade pressures are rising into the neutral zone. Volumes are bullish. Resistance is at the 189.70 target.

1-5-19: Closed at 184.68. Trade pressures are down into the neutral zone. Volumes have changed to bullish. In the move up. The next target up is 190-86.

1-12-19: Closed at 180.55. Trade pressures are down. Volumes are now neutral. The 200 day MA at 171 is support.

1-19-18: Closed at 183.43. Trade pressures are up. Volumes are now bullish. In the new move up to the 186.91 target.

1-26-19: Closed at 185.94. Trade pressures are up. Volumes are bullish. The next target up is 192.91.

2-2-19: Closed at 183.44. Trade pressures are up into the neutral zone. Volumes are bullish. 186.91 is the next target up.

2-8-19: Closed at 178.20. Trade pressures are now down. Volumes are neutral. Bounced off the 200 day MA. need a move above 177.50 to get going again.

2-16-19: Closed at 175.40. Trade pressures are in the neutral zone. Volumes are now bearish. At support on the 200 day moving average.

 

DexCom, Inc.

DexCom, Inc. (DXCM) is now officially a Top 5 Stock for two months in a row. I really like this company because it has been innovating the continuous glucose monitoring (CGM) industry. In case you are unfamiliar with CGM, it’s a technology that enables patients and their doctors to better manage diabetes.

With DXCM’s technology, a diabetic does not need to prick their finger to test their blood glucose levels. Instead, he or she inserts a small sensor under the skin. The diabetic will then be notified via a display device when their glucose levels are either too low or high. It’s simple, user-friendly and pain-free.

As the leader in CGM, DXCM offers a variety of products, including the Dexcom G6 CGM System, Dexcom G5 CGM System, Dexcom CLARITY, Dexcom Apps, Dexcom Studio and insulin pumps. These products have helped improve patient experiences, add real-time glucose data with alerts and alarms, share data and reduce costs.

Here’s the opportunity: The current CGM market includes six million people. That market will expand to 60 million people who suffer from diabetes, as CGM is expected to play a key role in helping to manage the disease. So, DXCM should see strong demand for its products and services going forward.

DXCM will release its fourth-quarter results on February 21. It has a strong history of beating estimates, and I expect this quarter to be no different. The Street view is for earnings of $0.17 per share, up 70% from last year’s $0.10 per share. Revenue is set to rise 35.6% to $299.67 million, up from $221 million last year. Earnings per share estimates have been revised higher in the past week alone, so a quarterly earnings surprise is likely. This Aggressive stock us a buy under $170.

SOM Technicals:

12-22-18: closed at 108.32. Trade pressures are down. Volumes are bearish. The next target down is 99.47. Now sitting on support at the 200 day MA.

12-29-18: Closed at 118.28. Trade pressures are down but rising. Volumes are bullish. The next target up is 127.38.

1-5-19: Closed at 116.24. Trade pressures are down into the neutral zone. Volumes are now neutral. At the 200 day MA and support.

1-12-19: Closed at 142.00. Trade pressures are up. Volumes are bullish. Moved sharply up off the 200 day MA. Now at the retracement target and should consolidate here.

1-19-18: Closed at 149.62. Trade pressures are up and extended. Volumes are bullish. At the 141.18 target, expect consolidation here.

1-26-19: Closed at 146.00. Trade pressures are up but rolling over. Volumes are bearish. Support is 141.00.

2-2-19: Closed at 141.78. Trade pressures are now down. Volumes are bearish to bullish. The 25×5 MA is lower at 136.52.

2-8-19: Closed at 145.53. Trade back up into the neutral.zone. Volumes are bullish. In the up trend. The next target up is 163.51.

2-16-19: Closed at 148.49. Trade pressures are in the neutral zone. Volumes are now bullish. The next target up is 163.51.

 

Fortinet

Fortinet (FTNT) is a solid Top 5 Stock, as it’s set to benefit from a shift in leadership to cybersecurity companies. Fortinet provides unified security solutions that can be deployed over digital networks to protect users against malware, spam and network intrusions. The company provides its security solutions to data centers, enterprises, carriers and distributed offices around the globe. Fortinet currently boasts a portfolio of more than 530 patents worldwide.

Those security solutions have helped the company grow nicely. For the third quarter, it brought in $453.9 million in revenue. This represented a 21% increase over Q3 2017. This also beat the $450.9 million consensus estimate. Meanwhile, net income soared 120% year-over-year to $58.7 million, or $0.33 per share. Adjusted earnings came in at $0.49 per share. Analysts were expecting earnings of $0.42 per share, so Fortinet posted a 16.7% earnings surprise.

Earnings are expected to continue to climb in the fourth quarter. Results are scheduled to be released on February 6. Analyst expectations are for earnings of $0.52 per share on $496.4 million. This represents a 62.5% in average annual earnings and 19.1% in average annual revenue.

While FTNT has been volatile lately, the company’s long-term story remains intact. And strong fourth-quarter report should ultimately drive the stock higher. This Moderately Aggressive stock is a buy up to $82.

SOM Technicals:

9-29-18: Closed at 92.27. Trade pressures are up. Volumes are bullish. The next target up is 99.90.

10-7-18: Closed at 86.10. Trade pressures are down into the neutral zone. Volumes are bearish. Support is at 83.83.

10-13-18: Closed at 79.95. Trade pressures are down. Volumes are bearish. The old upside target of 277.70 could hold support.

10-20-18: Closed at 81.20. Trade pressures are down but rising. Volumes are now bullish. 84.20 signals a new long entry.

10-28-18: Closed at 78.19. Trade pressures are down but showing some divergence. Volumes are neutral. The next target down is 76.14.

11-3-18: Closed at 72.56. Trade pressures are up into the neutral zone. Volumes are bearish. The 200 day is the next support at 65.28.

11-10-18: Closed at 74.73. Trade pressures are neutral. Volumes are neutral to bearish. Need a close above 79.15 to get going again.

11-17-18: closed at 73.45. Trade pressures are in the neutral zone. Volumes are bearish. At support/ Need the close above 79.16 to resume the move up.

11-24-18: Closed at 67.96. Trade pressures are now down. Volumes are mixed bullish to neutral. At the 200 day MA. Need a  close above 72.11 to resume any move up.

11-30-18: Closed at 73.84. Trade pressures are up into the neutral zone. Volumes are bullish. The 200 day MA was support. the next target up is 77.70.

12-8-18: Closed at 71.61. Trade pressures are up but turning down. Volumes are neutral. At the new long entry of 72.11.

12-15-18: Closed at 72.91. Trade pressures are down into the neutral zone. Volumes are bearish. 68.91 is support at the 200 day MA.

12-22-18: Closed at 65.84. Trade pressures are down. volumes are bearish. At the 200 day MA support. The prior low is 64.65.

12-29-18: Closed at 70.34. Trade pressures are down but rising. Volumes are bullish. A close above 72.11 would start another move up.

1-5-19: Closed at 66.91. Trade pressures are back down into the neutral zone. Volumes are bearish. The next target down is 58.81.

1-12-19: Closed at 73.27. Trade pressures are up. Volumes are bullish. The downtrend resistance is just above at 74.53. Need a break above that level.

1-19-18: Closed at 70.50. Trade pressures are down into the neutral zone. Volumes are bearish. Sitting on the 200 day MA and the new short entry at 70.17.

1-26-19: Closed at 73.59. Trade pressures are now up. Volumes are bullish. In a new uptrend. The next target up is 77.18, the prior high pivot.

2-2-19: Closed at 78.90. Trade pressures are up. Volumes are bullish. 79.14 is new long entry. Support is now at the 200 day MA @ 72.16.

2-8-19: Closed at 81.02. Trade pressures are up but rolling over. Volumes are bullish to neutral. 75.23 would signal a new move down.

2-16-19: Closed at 83.11. Trade pressures are up but declining. Volumes are bullish. The next target up is 89.00.

 

Lululemon Athletica

Lululemon Athletica (LULU) has exhibited tremendous relative strength recently, so I continue to like it as a Top 5 Stock. Over the past two decades, Lululemon has led the athleisure fashion movement. Initially, LULU grew by word of mouth, pop-up shops in yoga studios and brand ambassadors. Lululemon has more than 400 stores across four continents. And for workout buffs who are too busy to drive to their nearest store, there are multiple Lululemon e-commerce sites and mobile apps.

Even as it has grown its global footprint and customer base, Lululemon has kept true to its founding values. It differentiates itself by making some of the highest quality and most comfortable workout clothing that money can buy.

The company is also expanding into mass sports distribution and capturing market share from big-name athletic apparel companies like Nike (NKE) and Under Armour (UAA). That expansion was reflected in Lululemon’s third-quarter earnings report, where it beat estimates on the top and bottom lines.

Company management expects to open six more stores in the fourth quarter, which should attract new customers. It is also working on expanding its outerwear line, building a bigger footprint outside of the U.S. and improve its website.

So, I’m anxiously awaiting the company’s fourth-quarter report. The consensus estimate calls for earnings of $1.74 per share on $1.15 billion in revenie, which translates to 23.5% annual revenue growth and 30.8% annual earnings growth. Earnings estimates have been revised 6.1 higher in the past two months, so a fifth-straight quarterly earnings surprise is likely. This Conservative stock is a buy below $170.

SOM Technicals:

7-30-18: Closed at 120.00. Trade pressures are down. Volumes are bearish. Consolidating at the prior 119.00 target level.

8-4-18: Closed at 126.08. Trade pressures are rising into the neutral zone. Volumes are bullish. Still in the consolidation zone. Need a close above 130.05 to start a new move up.

8-10-18: Closed at 130.52. Trade pressures are up. Volumes are bullish. The next target up is 150.12.

8-18-18: Closed at 130.19. Trade pressures are up. Volumes are neutral. One of the few with an upward bias in August.

8-26-18: Closed at 138.76. Trade pressures are up. Volumes are bullish. The next target up is 150.12.

9-1-18: Closed at 154.93. Trade pressures are up. Volumes are neutral. Big earnings surprise puts LULU above the 150.12 target. The next target up is 170.18.

9-8-18: Closed at 150.82. Trade pressures are up. Volumes are neutral. The next target up is 170.18.

9-15-18: Closed at 153.71. Trade pressures are up and trending. Volumes are neutral. The next target up is 170.18.

9-23-18: Closed at 156.99. Trade pressures are up and trending. Volumes are bullish. The next target up is 170.18.

9-29-18: Closed at 162.49. Trade pressures up and trending. Volumes are bullish. The next target up is 170.18.

10-7-18: Closed at 153.84. Trade pressures are up but turning down. Volumes are bearish. The next target down is the 25×5 moving average at 148.50.

10-13-18: Closed at 143.71. Trade pressures are down. Volumes are bearish. The initial long entry at 130.05 is the the next support.

10-20-18: closed at 136.77. Trade pressures are down. Volumes are bearish. the prior long entry at 130.05 is support.

10-28-18: Closed at 134.82. Trade pressures are down. volumes are bearish. the next target down is 131.02.

11-3-18: Closed at 142.02. Trade pressures are down but rising. Volumes are bullish.  144.25 is the new long entry.

11-10-18: Closed at 137.56. Trade pressures are neutral. Volumes are bearish. support at the 133.13 low pivot.

11-17-18: Close at 139.02. Trade pressures are in the neutral zone. Volumes are mixed, bullish to bearish. At support need a close above the 144.35 level to resume the move up.

11-24-18: Closed at 120.86. Trade pressures are down. Volumes are neutral. At the 200 day MA. Need a close above 129.64 to start a new move up.

11-30-18: Closed at 132.55. Trade pressures are up into the neutral zone. Volumes are bullish. Again a nice bounce off the 200 day MA. This close above 129.64 restarts the move up.

12-8-18: Closed at 113.87. Trade pressures are into neutral zone. Volumes are very bearish. Next target down is 103.91.

12-15-18: Closed at 119.12. Trade pressures are down but showing divergence. Volumes are bearish. At the 200 day MA and holding.

12-22-18: Closed at 113.74. Trade pressures are down. Volumes are bearish. Now below the 200 M day MA and at the 114.68 downside target level.

12-29-18: Trade pressures are up into the neutral zone. Volumes are bullish. Need a close above the 131.20 level to restart the move up.

1-5-19: Closed at 128.55. Trade pressures are up. Volumes are bullish. The next target up is the downtrend resistance at 130.

1-12-19: Closed at 131.52. Trade pressures are up but rolling over. Volumes are now bullish. In a new move up, the next target up is the old high of 164.

1-19-18: Closed at 152.07. Trade pressures are up and trending. Volumes are bullish. In the new move up from the 137.77 level. The next target up is 164.82.

1-26-19: Closed at 151.89. Trade pressures are up and trending. Volumes are bullish. In consolidation. The next target up is 164.82.

2-2-19: Closed at 146.12. Trade pressures are up but rolling over. Volumes are now bearish. Support at 143.00.

2-8-19: Closed at 148.62. Trade pressures are in the neutral zone. Volumes are bearish closing bullish. The next target up is 164.82.

2-16-19: Closed at 151.09. Trade pressures are up but turning down. Volumes are bearish. Support a t 144.00.

 

Veeva Systems

Veeva Systems (VEEV) has been on fire since I recommended it in our January Monthly Issue, up about 30%. The company is a leading provider of cloud software solutions for the life sciences industry. Veeva System’s solutions help pharmaceutical and life sciences companies use cloud-based architectures and mobile applications for their businesses.

Today, VEEV offers a variety of cloud computing solutions that fall under the Veeva Commercial Cloud, a suite of multichannel customer relationship management (CRM) applications, and Veeva Vault, a cloud-based enterprise content management application for managing commercial functions. The company has a number of well-known clients, including AstraZeneca, Teva Pharmaceuticals and Bayer.

For the third quarter, Veeva System’s revenues rose 26.7% to $224.7 million, compared to $177 million a year ago. VEEV’s earnings increased from $0.25 per share to $0.45 per share – a whopping 80% year-over-year increase. These results came in well above analysts’ expectations for earnings of $0.38 per share on $216.2 million in revenue. This represents an 18.4% earnings surprise and 3.9% revenue surprise.

Company management will announce fourth-quarter results in late February, and earnings momentum is expected to continue. The consensus estimates are for earnings per share of $0.40, a 74% year-over-year jump from the $0.23 per share. Revenue should grow 22.7% year-over-year to $226.9 million.

I think the company could easily top estimates given the healthy double-digit growth in the healthcare computing industry. Its results have beat the Street view more than six quarters in a row, and odds are good we’ll see that again in the fourth quarter. This Moderately Aggressive stock is a buy up to $123.

SOM Technicals:

1-26-19: Closed at 109.22. Trade pressures are up. Volumes are bullish. At resistance . The next target up is 114.84.

2-2-19: Closed at 113.27. Trade pressures are up but turning down. Volumes are bullish. Good move into earnings. The next target up is 114.84.

2-8-19: Closed at 114.90. Trade pressures are up and trending. Volumes are bullish. Consolidating at the 114.84 target.

2-16-19: Closed at 120.81. Trade pressures are up and trending. Volumes are bullish. The next target up is 130.00.

 

Elite Dividend Payers

BG Staffing, Inc.

BG Staffing, Inc. (BGSF) is back as a Top 3 Stock list this month. For more than a decade, BG Staffing has provided temporary staffing, including individual placements and turnkey solutions, for positions across the U.S. The company provides skilled office and maintenance personnel, IT professionals, administrative and clerical personnel, as well as finance and accounting professionals. BG Staffing is based in Plano, Texas.

Since its founding in 2007, the company’s business has rapidly expanded, thanks in part to strategic acquisitions. For example, in 2017, BG Staffing acquired Zycron, Inc., which is a leading provider of IT temporary staffing for companies in the southeast. The acquisition expanded BG Staffing’s reach to include Nashville, Memphis and Chattanooga, where Zycron’s offices were located.

The strengthening U.S. economy remains a good catalyst for BGSF’s future growth. It was reported last Friday that jobless claims fell to a five-week low. This means that companies are hiring more, which should directly benefit BGSF since its job is to supply skilled workers.

The company will report its fourth-quarter results in late January or early February. Earnings are expected to come in at $0.39 per share on revenues of $75.3 million. This a huge 490% increase from the $0.10 per share loss reported a year ago. Revenues are forecast to be slightly down year-over-year from $75.7 million.

Overall, BGSF’s earnings growth remains very strong, and the stock also carries a solid 5.4% dividend yield at current prices. Buy this Aggressive stock up to $26.

SOM Technicals:

1-26-19: Closed at 23.23. Trade pressures are up and trending. Volumes are bullish. At the 200 day MA and acting as resistance. The next target up is 25.59.

2-2-19: Closed at 26.27. Trade pressures are up. Volumes are bullish. Nice move up and thru the 25.59 target. 29.90 is the next target up.

2-8-19: Closed at 26.50. Trade pressures are up and trending. Volumes are bullish. The next target up is 29.11.

2-16-19: Closed at 27.75. Trade pressures are up and trending. Volumes are bullish. The next target up is 29.11.

 

Medifast, Inc.

Medifast, Inc. (MED) is back as one of our Top 3 Stocks, and remains one of my favorite dividend plays. The company is in the business of helping people achieve their nutritional and weight-loss goals. Based in Maryland, Medifast is a nutrition and weight-loss company that provides several programs to help people lose weight and eat healthier.

The company is known for its Medifast Meals, which are fortified with nutrients and vitamins, as well as include low-fat protein and fiber. So the meals provide essential nutrition, while helping people lose weight.And with the New Year celebrations behind us, folks are looking to achieve their New Year’s resolutions with a little guidance from Medifast.

Along with its meal plans, Medifast also offers OPTAVIA, a brand that includes wellness products, programs and coaching. The goal of OPTAVIA is to help people make a life change, not just diet. So OPTAVIA provides resources that allow people to develop healthier lifestyles.

Looking forward, Medifast is expected to continue to report stunning earnings and sales growth for the fourth quarter. Currently, the analyst community is looking for 101.7% annual earnings growth and 83.1% annual sales growth. Considering that earnings per share estimates have been revised higher recently, Medifast is likely to post even stronger results. Buy this Aggressive stock up to $152.

SOM Technicals:

1-26-19: Closed at 123.80. Trade pressures are up. Volumes are now bullish. In a long move down. Need a crossover of the 25×5 MA and the downtrend resistance line at 127.00 to see a new move up.

2-2-19: Closed at 124.09. Trade pressures are up. Volumes are now neutral. Trying to turn up and out of the long basing move.Resistance here.

2-8-19: Closed at 129.28. Trade pressures are up but declining. Volumes are bullish. In the new move up, but still below the 200 day MA.

2-16-19: Closed at 132.82. Trade pressures are up and trending. Volumes are neutral to bullish. Need a close above the 153 level to start a new long term move up.

 

Insperity, Inc.

Insperity, Inc. (NSP) is a repeat customer on the Top 3 Stocks list, and it’s no surprise as to why. As a quick refresher, Insperity offers full-service human resources solutions that range from health insurance options to payroll, accounting and benefits services to employee relations, workman’s comp and liability advice.

As with BG Staffing, Inc. (BGSF), NSP is set to benefit from the strong U.S. economy. This should be reflected in the company’s upcoming fourth-quarter results. The analyst community is looking for earnings of $0.65 per share, up 18.2% from the $0.55 per share earned last year. Revenues are expected to increase 16.1% year-over-year to $959.2 million.

Let me also say that NSP offers a modest 0.8% dividend yield, and has a 9.0% annual dividend growth rate. In addition, it’s maintained its strong dividend track record, rewarding shareholders for 55-consecutive quarters. With a good dividend history and potential for additional upside, buy this Moderately Aggressive stock up to $116.

SOM Technicals:

1-5-19: Closed at 92.56. Trade pressures are in the neutral zone. Volumes are now neutral. Tracking just below the 200 day MA in the downtrend.

1-12-19: Closed at 95.21. Trade pressures are up. Volumes are bullish. At the lows and below the 200 day MA. Need a close above 106.03 to get moving again.

1-19-18: Closed at 100.69. Trade pressures are up and extended. Volumes are bullish. Just above the 200 day MA. 106.30 would start a new move up.

1-26-19: Closed at 105.13. Trade pressures are up and extended. Volumes remain bullish. The next target up is 119.24.

2-2-19: Closed at 107.01. Trade pressures are up. Volumes are bullish. In the new move up. The next target up is 121.15.

2-8-19: Closed at 110.90. Trade pressures are up and trending. Volumes are bullish. The next target up is 130.26.

2-16-9: Closed at 129.74. Trade pressures are up but turning down. Volumes are bullish. The next target up is 137.44.

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is now a new long. Silver and Gold are in a pullback.

The US crude is a long trade but volumes suggest the sellers are increasing. Natural gas is also a new long trade, but be wary of this one.

The US 30 year Treasury bond is in a short trade and at the 25×5 MA.

The US Dollar is at some temporary equilibrium after rising for the week (inflows of other currencies).

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S&P 500 Futures_

Monthly – Still in the downtrend after the December rout. Trade pressures are down. Volumes closed the Month of December as bearish. The next target down is 2368. A close above 2900 is required to confirm any weekly move higher.

Weekly – In the four week move up. Trade pressures are down but rising. Volumes are now neutral. The new daily move up was confirmed by the weekly close above 2591 level. The next target up is 2818. A close below 2528 would confirm any new daily move down.

Daily – Flat. In the move up from the 2412 long entry level in December. Trade pressures are up and extended. Volumes remain bullish. The next target up is 2721. A close below 2558 would signal lower. This 2558 level would also act as a stop for any long positions.

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Navellier TOP 8 – Up approximately 10% in this early January rally. Early results from this January earnings reports are showing strength.

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