#emini #spfutures #SP500 #ES

Market Pressures_

Copper and Gold and Silver seem to want to go higher, but are stalled in a consolidation channel.

Crude is in the move down to the 67 target. Natural Gas is in consolidation at the the 3.30 highs.

The US 30 year Treasury Bonds are in a retracement move up.

The US Dollar futures are attempting to start a new move up but meeting resistance at the 95 entry level.

___________________

S&P 500 Futures

Monthly – Still in the move up. Trade pressures are up but declining. Volumes closed the month of September as bullish. The next target up is the 2947 high. A close blow 2726 would confirm the weekly move lower.

Weekly – In the new move down from the 2865 level. Trade pressures are now down. Volumes are bearish for two weeks in a row. The next target down is 2739 which was touched and is now acting as support. A close above 2806 would confirm any new daily move higher.

Daily – Flat. In the new move up from the 2770 long retracement entry. Trade pressures are still down. Volumes have changed from bearish to neutral suggesting short covering.

This 2770 level is a pivot point between the long and short. Monthly pressures are still up, Weekly pressures are now down and Daily pressures are down. Need a close above 2864 to counter these negative pressures; but, for the moment, these movements suggest more downward pressures. with targets in the 2680 area.

Jaime Diamond says beware of the geopolitical stresses.

_____________________

The Navellier TOP 5 have sold off with the market. Earnings season for the list begins in these last two weeks of October which should benefit the fundamentally superior companies.

 

 

#emini #spfutures #SP500 #ES

Market Pressures_

Copper moved somewhat to the upper side of the small side ways channel. Gold moved up sharply in a new uptrend. Silver moved up as well but only to the upper end of the downward sloping channel.

Crude held at the 70 downside target and now is retracing upward. Natural gas seems the beneficiary of the disturbance in the oil markets.

The US 30 Year Treasury Bond is moving up off the price lows.

The US Dollar futures are holding the 94 level.

________________

S&P 500 Futures

Monthly – Retracing in the move up . Trade pressure are up. Volumes close the month of September as bullish. The next target up is the old high at 2947. A close below 2726 would confirm any weekly move lower.

Weekly – In the move down from the 2867 short entry. Trade pressures are down. Volumes are bearish. The next target down is 2739 which was touched this last week. A close above 2855 would confirm any daily move higher.

Daily – Long. The sharp down move of last week went thru the 2789 profit target level. Te subsequent lows of 2712 then set up a new long entry at 2770. Trade pressures are down but turning up. Volumes are neutral indicating short covering.

The next target up is 2864. This is a retracement  move up inside the larger move down.

A close below the 2753 level would signal a resumption of the move down.

Set the initial stops at 2753; move them to the 2770 entry price as soon as practicable.

[10-17-18: AM. Raise stops to the breakeven at 2770.]

[10-18-18: Raise stops to the 10-17-18 lows at 2780.]

_______________

The Navellier TOP 5 portfolio was hit hard this last week, but remains up About $19,000 for the year.

 

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in a pull back from its rally after the new  long entry. Gold is in consolidation off its lows. Silver is in a new long trade.

Crude oil hit new high at the 75 level. Natural gas reached the 3.20 highs also.

The US 30  year Treasury Bonds closed at multiple downside targets.

The US Dollar touched a new long entry.

___________________

S&P 500 Futures_

Monthly – Six months up to new highs and now one week of a pullback. Trade pressures are up. Volumes closed the month of September as bullish. The next target up is 3383. A close below 2726 would confirm any weekly move lower.

Weekly – Five weeks of a consolidation at the 2927 upside target. Trade pressures are up. Volumes are bullish which suggests rotation rather than a selloff. The next target up is 3234. A close below 2867 would confirm any daily move lower.

Daily – Flat. Ten days of consolidation at the 2936 upside target and two days of selling. Trade pressures are down. Volumes remain net bullish.

The next daily target up is 2988.

2886 is the next short entry level and the uptrend support line is just below at 2871. If this short is triggered and the support fails, then the next target down is 2789.

[10-10-18: Short. The 2886 level has been triggered. Lower stops to the entry point asap]

[10-11-18: New long entry at 2805. Lower stops for the short trade to this 2805 level.]

[10-11-18: lower close lowers the new long entry to 2770. Lower stops to 2770.]

[10-12-18: stopped out in the overnight market for a 116 pt gain. The next target up is 2864.]

 

The Navellier Top 5 have performed well over this year. The DOW 30 is up 5-7 percent while the Top 5 Are near 20%.

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,

Lululemon Athletica (LULU) once again claims the top spot on the High-Growth Investments Buy List. Over the past two decades, Lululemon has led the athleisure fashion movement. 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. Meanwhile, it maintains a strong presence in its local communities, offering free workshops and yoga classes in its stores.

Lululemon won’t release its third-quarter results until late November, but it’s already shaping up to be an excellent report. The company expects between 16.1% and 19.6% annual earnings growth and between 16.3% and 17.9% annual sales growth. Analysts are even more bullish about the company, forecasting 21.4% annual earnings growth and 18.6% annual sales growth.

LULU has been on a winning streak, and it shows no signs of slowing down. Buy this Moderately Aggressive stock up to $177 per share.

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.

 

Fortinet, Inc. (FTNT) is another premium cybersecurity play on the High-Growth Investments Buy List. 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 over 530 patents worldwide.

Since its founding back in November 2000, the company has had a meteoric rise. Over the past 18 years, it has shipped more than four million units of its security solutions. It has built up a base of over 360,000 customers. And since 2002, its revenues have surged from just $2 million to nearly $1.5 billion.

Clearly, the company’s products are in high demand. And FTNT is looking great going forward. For the third quarter, Fortinet expects revenue to be between $445 million and $455 million, or 18.9% to 21.6% annual sales growth. Third-quarter earnings per share are expected to be between $0.41 and $0.43, which represents 46.4% to 53.6% annual earnings growth.

FTNT is an excellent cybersecurity play and a strong growth stock. Buy this Moderately Aggressive stock up to $100 per share.

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.

 

Ecopetrol SA (EC) is my top energy play on the Buy List right now. As a refresher, Ecopetrol is Colombia’s largest oil company and Latin America’s fourth-largest oil company. With operations in Brazil, Colombia, Peru and the U.S. Gulf Coast, Ecopetrol accounts for 60% of oil production in Colombia.

Last quarter, Ecopetrol achieved “significant operational and financial achievements” in the second quarter. Part of the company’s success was due to its highest production levels in seven quarters. Ecopetrol produced 721,000 barrels of petroleum equivalent per day during the second quarter.

Ecopetrol reported that second-quarter sales increased 29.2% year-over-year to 16.99 trillion Colombian pesos. Net income surged 169.7% year-over-year to 3.52 trillion Colombian pesos (or $1.17 billion). In U.S. dollar terms, earnings came in at $0.60 per ADS. This beat the $0.57 per ADS consensus estimate by 5.3%.

And the third quarter is looking even better. Since the second-quarter announcement, the third-quarter consensus EPS estimate has shot up 36%. Analysts are calling for 190.9% earnings growth and 36.4% sales growth. So, I’m looking forward to Ecopetrol’s third-quarter announcement, which is due out in mid-November. In the meantime, buy this Moderately Aggressive stock up to $30 per share.

SOM Technicals:

6-30-18: Closed at 20.55. Trade pressures are rising into the neutral zone. Volumes are bullish. Meeting the 25×5 moving average resistance at the 21.03 level. 

7-6-18: Closed at 20.49. Trade pressures are up into the neutral zone. Volumes are now bullish. A close above 20.44 would signal higher.

7-14-18: Closed at 20.72. Trade pressures are in the neutral zone. Volumes are mixed neutral and bullish. The next target up is 23.28.

7-20-18: Closed at 20.85. Trade pressures are in the neutral zone. Volumes are now bullish. The next target up is 23.28.

7-29-18: Closed at 20.68. Trade pressures are still in the neutral zone. Volumes are bearish. Consolidating after a new buy signal.

8-4-18: Closed at 21.32. Trade pressures are up. Volumes are now bearish. In the move up off the June lows. The next target up is 23.28.

8-10-18: Closed at 20.90. Trade pressures are down into the neutral zone. Volumes are bearish. Now sitting on support.

8-18-18: Closed at 20.49. Trade pressures are down. Volumes are bearish.The prior low is 18.68.

8-26-18: Closed at 22.10. Trade pressures are up. Volumes are neutral. The next target up is 23.28.

9-1-18: Closed at 22.60. Trade pressures are up. Volumes are bullish. The next target up is 23.28.

9-8-18: Closed at 22.32. Trade pressures are up but turning down. Volumes are mixed, bearish to bullish. The next target up is 23.28.

9-15-18: Closed at 25.14. Trade pressures are up. Volumes are neutral. The next target up is 26.12.

9-23-18: Closed at 24.78. Trade pressures are up. Volumes are neutral. Consolidating at the 26.12 target.

9-29-18: Closed at 26.94. Trade pressures are up and trending. Volumes are bullish. the next target up is 30.72.

10-7-18: Closed at 26.66. Trade pressures are up and trending. Volumes are bearish. The next target down is 25.08.

10-13-18: Closed at 25.50. Trade pressures are down into the neutral zone. The 25×5 at 24.40 is support.

10-20-18: Closed at 25.59. Trade pressures are down slightly. Volumes are bearish. The 25×5 support is holding at 24.74.

 

GrubHub, Inc. (GRUB) returns to the Top 5 list for the second-consecutive month. GrubHub is revolutionizing the food delivery industry, one order at a time. The company operates GrubHub, Seamless and Eat 24, online ordering platforms that connect hungry customers in 1,600 cities with 80,000 local restaurants. The company also operates two online menu websites—Allmenus.com and MenuPages.com. Together, these websites are helping to make paper takeout menus obsolete.

These easy-to-use apps are becoming very popular. Last quarter, active diners surged 72% year-over-year to 15.1 million. Of those, nearly a half a million users were Daily Active Grubs, which meant they placed orders every single day. Given this phenomenal growth rate, it’s no surprise that GrubHub is entering dozens of new markets every quarter.

So I’m looking forward to GrubHub’s third-quarter earnings report, which is slated for the end of October. The Street view is for earnings of $0.41 per share on $238.6 million in revenue, or 46% earnings growth and 46% sales growth. GrubHub is also known for beating estimates, so I expect that it’ll do even better. Buy this Aggressive stock up to $155 per share.

SOM Technicals:

9-1-18: Closed at 144.11. Trade pressures are up. Volumes are bullish. In the move up from the 105.30 entry. The next target up is 152.41.

9-8-18: Closed at 141.92. Trade pressures are up but turning down. Volumes are bullish. The next target up is 152.41.

9-15-18: Closed at 146.11. Trade pressures are up. Volumes are bullish. The next target up is 152.41.

9-23-18: Closed at 135.75. Trade pressures are down. Volumes are bearish. The next target down is 128.90.

9-29-18: Closed at 138.62. Trade pressures are down but turning up. Volumes are bullish to neutral. The next target up is 152.41.

10-7-18: Closed at 129.84. Trade pressures are down. Volumes are bearish. At the 126.54 downside target, the next target down is 112.44.

10-13-18: Closed at 116.55. Trade pressures are down. Volumes are bearish. At the 112.44 target now and consolidating.

10-20-18: Closed at 114.69. Trade pressures are down and extended, Volumes are bearish. At the 112.44 target and consolidating.

10-28-18: Closed at 87.95. Trade pressures are down. Volumes are bearish. The next target down is 84.34.

 

Burlington Stores, Inc. (BURL) joins the Top 5 after just one month on the Buy List. With 630 locations, Burlington is a fixture in shopping centers across the country. Along with coats and apparel, Burlington sells footwear, accessories, household products and beauty products. While many department stores are downsizing and cost cutting, Burlington Stores is thriving. That’s because it offers shoppers high-quality, name-brand merchandise at unbeatable prices. Of course, every store claims to do that, but Burlington Stores actually delivers through its off-price model.

So Burlington is doing better than ever, as demonstrated by Burlington’s outlook for FY 2018. Burlington expects total sales will grow between 10.1% and 10.6%. It expects adjusted earnings in a range of $6.13 to $6.20 per share, or between 40.3% and 41.9% annual earnings growth.

There aren’t too many retailers that can claim double-digit sales and earnings growth. And Burlington is expected to keep up the pace. Back-to-school season is upon us, and colder weather is just around the corner. For many shoppers looking for school outfits, or warmer coats, Burlington will be their first stop. Buy this Conservative stock up to $174 per share.

SOM Technicals:

9-29-18: Closed at 162.93. Trade pressures are down but rising into the neutral zone. Volumes are neutral. Need a close above 168.90 to signal higher.

10-7-18: Closed at 152.34. Trade pressures are down. Volumes are bearish. The next target down is 145.70.

10-13-18: Closed at 155.48. Trade pressures are up into the neutral zone. Volumes are now bullish. The next target up is the 25×5 resistance at 162.62.

10-20-18: Closed at 155.35. Trade pressures are up into the neutral zone. Volumes are bullish. 162.62 is now the new long entry.

 

Market Pressures_

Copper has pulled back from the first move up. Gold is sinking, but Silver is in a new long trade.

Crude oil is at the weekly upside target. Natural Gas ran to the 3.05 target and now is consolidating.

The US 30 year Treasury Bond was stopped out of the short trade during FED week.

The US Dollar futures fell but stopped short of a new short trade, then rallied into the FED announcement.

_________________

S&P 500 Futures_

Monthly – Closed just twelve point higher than August. Trade pressures are up. Volumes closed the month of September as bullish. The next target up is 3383. A close below 2726 would confirm any weekly move lower.

Weekly – Closed just off last week’s high at the 2927 target level. Trade pressures are up. Volumes are still bullish. The next target up is 3234. A close below 2867 would confirm any daily move lower.

Daily – Flat. Consolidating at the 2938 upside target level. Trade pressures are down into the neutral zone. Volumes are bearish. The next target up is 2988. A close below 2886 would signal lower.

Navellier Top 5 stocks are changing with the updated October list.  ABMD and HFC are dropped and BURL and FTNT are added. The yearly virtual gains are now approximately $28,000 with ABMD as the big winner. (see the 2018 results)

#S&P500  #emini  #ESfutures  #SP500

Market Pressures_

Copper rallies with the dollar drop. Gold and silver are near a new long entry.

Crude oil continues in the move up. Natural gas rallied 20 cents off the 2.84 lows.

The US 30 year Treasury Bond is at a downside target and may rally with the dollar decline.

The US Dollar futures are in a move down creating opposite reactions in the equities and the commodities.

_______________

S&P 500 Futures_

Monthly – In the move up from the 2152 long entry in early 2017. Trade pressures are up. Volumes closed the month of August as bullish. The next monthly target up is 3383. A close below 2726 would confirm any weekly move lower.

Weekly – New Yearly highs. Trade pressures are up. Volumes are bullish. At the 2927 target. The next target up is 3234. Expect consolidation here. A close below 2867 would confirm any daily move lower.

Daily – Flat. In the move up from the 2754 level and at the 2938 upside target. Trade pressures are down. Volumes are bearish.

The next target up is 2988.

A close below 2886 would signal lower.

Expecting consolidation here. The projected earnings for the S&P 500 constituent stocks is $178; applying a 15-17 multiple to that suggests a fair value of 2700 to 3000 on the S&P 500 for 2018.

The Navellier Top 5 stocks pulled back this week, but earnings projections remain positive.

#S&P500  #emini  #ESfutures  #SP500

Market Pressures _

Copper moving side ways as trade pressures ease. Gold attempts a move up as silver plummets.

Crude oil starting to show bearish volumes. Natural gas is at the bottom of a channel.

The US 30 Year Treasury Bonds futures are in the short trade.

The US Dollar futures are pointing down. Reflexive moves – The dollar rises, commodities fall, then the country currencies involved in those commodities hedge their currencies with long gold trades.

_________________

S&P 500 Futures_

Monthly – In the move up from the 2152 level. Trade pressures are up and trending. Volumes closed the month of August as bullish. The next target up is 3103. A close below 2701 would confirm any weekly move lower.

Weekly – In the move up from the 2800 new long entry. Trade pressures are up. Volumes are bullish. The next target up is 3226. A close below 2844 would confirm any daily move lower.

Daily – Flat. In the move up from the July 2740 entry. Trade pressures have returned to up. Volumes are Bullish.

The next target up is 2988.

Moving side ways after the late August high pivot. A close below 2862 would signal lower.

 

The Navellier Top 5 moved up to near their old highs which would be about a $22,000 move up for the year on the $125,000 virtual portfolio.

 

#S&P500  #emini  #ESfutures

Market Pressures_

Copper attempted a new move up but failed. Gold is neutral and silver is in the move down.

Crude oil is looking lower. Natural gas is in a move down.

The US 30 year Treasury Bond futures are in a new short trade.

The US Dollar futures are bouncing off moving average support and looking higher.

___________________

S&P 500 Futures_

Monthly – Sept is lower than August. Trade pressures are up and trending. Volumes closed the month of August as bullish. The next target up is 3102. A close below 2696 would confirm any weekly move lower.

Weekly – A pullback this week, but still in the up trend. Trade pressures are up. Volumes are bearish. The next target up is 2927. A close below 2838 would confirm any daily move lower.

Daily – Flat. Remains in the uptrend. Trade pressures are down into the neutral zone. Volumes are bearish. The next target up is 2988. A close below 2857 would signal lower.

The Navellier Top 5 portfolio was up about $11,000 in August on the virtual $125,000 invested. September is looking lower.

#emini #ES #spfutures

Market Pressures_

Copper is trying to moe up into a new long trade. Gold is trying to move up also. Silver is consolidating at the 14.43 downside target.

Crude oil is in the move up from last week. Natural Gas tried a move up but is meeting resistance.

The US 30 year Treasury Bond rallied into the last vacation week of August but has pulled back to the lower channel support line.

The US Dollar futures are in a pull back after a rally off the 94.29 level.

_______________

S&P 500 Futures_

Monthly – New Highs. Trade pressures are up and trending. Volumes closed the month of August as bullish. The next target up is 3103. A close below 2695 would confirm any weekly move lower.

Weekly – A 21 week run higher! Trade pressures are up. Volumes are bullish. The next target up is 2927. A close below 2838 would confirm any daily mover lower.

Daily – Flat. Stopped out of this move up on the pullback on the 8/15 leaving more than 100 pts. Trade pressures are up and rolling over. Volumes are bearish to neutral.

The next target up is 2968.

A close below 2857 would signal lower.

The Navellier TOP 5 got a boost from the ABMD and LULU earnings. WEX was dropped and GRUB was added.

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 Top 5

HollyFrontier Corp. (HFC) is my top High-Growth Investment stock yet again. HollyFrontier is an independent petroleum refiner and marketer that serves the Great Plains, Rocky Mountains and Southwest regions of the U.S. The company produces gasoline, diesel fuel, jet fuel, specialty lubricant products, liquefied petroleum gas, fuel oil, and specialty and modified asphalt.

For the second quarter, HollyFrontier’s earnings surged 498% year-on-year to $345.5 million, or $1.94 per share. Adjusted earnings per share were $1.45, which missed estimates for $1.61 per share by 9.9%. Second-quarter revenue increased 29.2% year-over-year to $4.47 billion. Analysts were expecting sales of $4.07 billion, so HollyFrontier posted a 9.8% sales surprise.

While HFC initially declined on the earnings miss, it has since recovered completely. And I expect it to move higher from here. With its strong forecasted sales and earnings, and solid 1.8% dividend yield, HFC is one of my top refining plays.

I recommend you buy this Aggressive stock up to $84 per share. As a refresher, Aggressive stocks should make up no more than 10% of your portfolio. These stocks have more upside potential, but they also come with more downside risk. So please make sure to follow my 60%/30%/10% rule for HFC.

SOM Technicals:

6-30-18: Closed at 68.43. Trade pressures are down. Volume has closed as neutral. In the move down and at the 66.42 target.

7-6-18: Closed at 68.60. Trade pressures are down. Volumes are neutral. Holding at the 161.00 pullback level.

7-14-18: Closed at 68.68. Trade pressures are down but rising. Volumes are now neutral. Sitting on support. A close above 72 would trigger a new long entry.

7-20-18: Closed at 71.02. Trade pressures are up. Volumes are now bullish. The next target up is 73.10.

7-29-18: closed at 74.07. Trade pressures are up. Volumes are bullish. The next target up is 75.41.

8-4-18: Closed at 67.65. Trade pressures are up but turning down. Volumes are now bearish. Earnings miss. At support now.

8-10-18: Closed at 69.01. Trade pressures are down. volumes are bearish. The prior low is support at 65.77.

8-18-18: Closed at 68.63. Trade pressures are down and trending. Volumes are bearish. The prior low is 65.77.

8-26-18: Closed at 73.58. Trade pressures are up. Volumes are bullish. the 25×5 moving average is at 70.70.

9-1-18: Closed at 74.72. Trade pressures are up. Volumes are bullish. Thru the 25×5 and a new long entry is at 75.41.

9-8-18: Closed at 70.81. Trade pressures are up, but rolling over. Volumes are now bearish. 65.77 is support.

9-15-18: Closed at 70.39. Trade pressures are down into the neutral zone. Volumes are bearish. 65.77 is support.

9-23-18: Closed at 66.88. Trade pressures are down. Volumes are neutral. The next target down is 59.05 and the 200 day moving average.

 

ABIOMED, Inc. (ABMD) returns to the Top 5 list after rebounding nicely in the past month. This is the only medical devices company that provides technologies that replace or assist the pumping function of a failing heart. This is a big deal because heart disease accounts for some 800,000 deaths in the U.S. alone each year. So ABIOMED provides lifesaving services to tens of thousands of patients and their families. There’s strong demand for heart disease treatments, especially ABIOMED’s medical devices.

ABIOMED will announce its third-quarter results towards the end of October. And it’s shaping up to be a strong report. Analysts are expecting earnings of $0.74 per share on $175.7 million in revenue, or 37% annual earnings growth and 32.2% annual sales growth. Then again, ABMD is one of my earnings heavyweights. Last quarter, it posted a whopping 137.8% earnings surprise. Analysts have revised their earnings estimates higher in recent weeks, so I’ll be looking for big things from ABIOMED’s third-quarter report.

ABIOMED also recently lifted its outlook for FY 2018. The company expects revenue between $755 million and $770 million, representing 27% to 30% annual sales growth. Clearly, many people rely upon ABIOMED’s lifesaving innovations, and this translates to strong sales and earnings. Buy this Moderately Aggressive stock up to $452 per share.

SOM Technicals:

3-30-18: Closed at 290.99. Trade pressures are down into the neutral zone. On the 25×5 moving average as support. The next target up is 323.10.

4-7-18: Closed at 286.22. Trade pressures are neutral. Volumes are neutral. the Next target up is 323.10

4-14-18: Closed at 297.00. Trade pressures are up. Volumes are bullish. The next target up is 323.10.

4-21-18: Closed at 305.92. Trade pressures are up. Volumes are bullish. The next target up is 323.10.

4-27-18: Closed at 300.83. Trade pressures are up. Volumes are neutral. The next target up is 323.10.

5-5-18: Closed at 349.28. Trade pressures are up. Volumes are bullish. the next target up is 359.38. 

5-11-18: Closed at 372.70. Trade pressures are up. Volumes are bullish. The next target up is 412.00.

5-19-18: Closed at 384.36. Trade pressures are up. Volumes are bullish. The next target up is 412.

5-26-18: Closed at 391.49. Trade pressures are up. Volumes are bullish. the next target up is 412.00.

6-3-18: Closed at 392.25. Trade pressures are up but turning down. Volumes are neutral. The next target up is 412.00.

6-8-18: Closed at 409.77. Trade pressures are up but turning over. Volumes are neutral. Traded to the 412.00 target and now experiencing profit taking.

6-16-18: Closed at 443.58. Trade pressure are up. Volumes are bullish. The next target up is 463.97.

6-22-18: Closed at 427.29. Trade pressures are up but rolling over. Volumes are now bearish. The next target up is 463.97. Support is the 25×5 moving average at 411.26.

6-30-18: Closed at 409.05. Trade pressures are down into the neutral zone. Volumes are bullish to bearish. At the 25×5 moving average support.

7-6-18: Closed at 406.00. Trade pressures are down. Volumes are bearish. Back at the June breakout levels.

7-14-18: Closed at 418.76. Trade pressures are down but rising. Volumes are now bullish. Need to get thru the 433 resistance.

7-20-18: Closed at 423.48. Trade pressures are up. Volumes are bullish. The next target up is 463.97.

7-29-18: Closed at 368.17. Missed on earnings. Trade pressures are up but trending down. Volumes are high but neutral. Support is at 341.85.

8-4-18: Closed at 377.11. Trade pressures are down. Volumes are bearish. In the retracement move back up. The new long entry is at 385.54.

8-10-18: Closed at 377.83. Trade pressures are down but rising. Volumes are bullish. Touched the new long entry.

8-18-18: Closed at 358.82. Trade pressures remain down. Volumes are bearish. The prior low is 344.11.

8-26-18: Closed at 381.03. Trade pressures are up into the neutral zone. Volumes are bullish. At the 25×5 resistance.

9-1-18: Closed at 406.58. Trade pressures are up. Volumes are bearish on Friday. In the new move up, the next target up is 452.59.

9-8-18: Closed at 377.49. Trade pressures are down into the neutral zone. Volumes are bearish. Support at 341.11.

9-15-18: Closed at 395.67. Trade pressures are in the neutral zone . Volumes are bullish. The next target up is 452.59.

9-23-18: Closed at 384.88. Trading pressures are in the neutral zone. Volumes are neutral. Still in uptrend and the next target up is 452.59.

 

Lululemon Athletica, Inc. (LULU) continues its winning streak on the Top 5 list. Today, the stock closed 13% higher after reporting its second-quarter results.

Over the past two decades, Lululemon has led the athleisure fashion movement. 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. Meanwhile, it maintains a strong presence in its local communities, offering free workshops and yoga classes in its stores.

Lululemon released its second-quarter results after the closing bell on Thursday. And it was an excellent report. Sales rose 25% year-on-year to $724 million. Analysts expected sales of $667.8 million, so Lululemon posted an 8.4% sales surprise. Over the same period, comparable sales climbed 20%. Lululemon’s comparable sales in Asia grew a stunning 55%. Meanwhile, income from operations nearly doubled year-over-year to $134.2 million. Earnings came in at $0.71 per share. This beat the $0.49 consensus EPS estimate by a whopping 45%.

Pleased with these results, Lululemon lifted its third-quarter outlook. The company now expects earnings to range between $0.65 and $0.67 per share, or between 16.1% and 19.6% annual earnings growth. Net revenue is expected to be between $720 million and $730 million, or between 16.3% and 17.9% annual sales growth. This is well above the Street view of $0.64 EPS on $708.6 million in sales.

LULU shares shot up after its report, and I see plenty of upside potential here. Buy this Moderately Aggressive stock up to $167 per share.

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.

 

Ecopetrol SA (EC) is another familiar name on the Top 5 list. Thanks to a series of strategic acquisitions and oilfield discoveries, Ecopetrol is Colombia’s largest oil company and Latin America’s fourth-largest oil company. With operations in Brazil, Colombia, Peru and the U.S. Gulf Coast, Ecopetrol accounts for 60% of oil production in Colombia.

Last quarter, Ecopetrol achieved “significant operational and financial achievements” in the second quarter. Part of the company’s success was due to its highest production levels in seven quarters. Ecopetrol produced 721,000 barrels of petroleum equivalent per day during the second quarter.

Ecopetrol reported that second-quarter sales increased 29.2% year-over-year to 16.99 trillion Colombian pesos. Net income surged 169.7% year-over-year to 3.52 trillion Colombian pesos (or $1.17 billion). In U.S. dollar terms, earnings came in at $0.60 per ADS. This beat the $0.57 per ADS consensus estimate by 5.3%.

Looking ahead, the company is on track to meet its 2018 production goal of 715,000 to 725,000 barrels per day. After this announcement, analysts scrambled to revise their earnings estimates higher. For the current quarter, the consensus estimate calls for 190.9% earnings growth and 35.9% sales growth.

Clearly, the sky is the limit for Ecopetrol. Buy this Moderately Aggressive stock up to $25 per share.

SOM Technicals:

6-30-18: Closed at 20.55. Trade pressures are rising into the neutral zone. Volumes are bullish. Meeting the 25×5 moving average resistance at the 21.03 level. 

7-6-18: Closed at 20.49. Trade pressures are up into the neutral zone. Volumes are now bullish. A close above 20.44 would signal higher.

7-14-18: Closed at 20.72. Trade pressures are in the neutral zone. Volumes are mixed neutral and bullish. The next target up is 23.28.

7-20-18: Closed at 20.85. Trade pressures are in the neutral zone. Volumes are now bullish. The next target up is 23.28.

7-29-18: Closed at 20.68. Trade pressures are still in the neutral zone. Volumes are bearish. Consolidating after a new buy signal.

8-4-18: Closed at 21.32. Trade pressures are up. Volumes are now bearish. In the move up off the June lows. The next target up is 23.28.

8-10-18: Closed at 20.90. Trade pressures are down into the neutral zone. Volumes are bearish. Now sitting on support.

8-18-18: Closed at 20.49. Trade pressures are down. Volumes are bearish.The prior low is 18.68.

8-26-18: Closed at 22.10. Trade pressures are up. Volumes are neutral. The next target up is 23.28.

9-1-18: Closed at 22.60. Trade pressures are up. Volumes are bullish. The next target up is 23.28.

9-8-18: Closed at 22.32. Trade pressures are up but turning down. Volumes are mixed, bearish to bullish. The next target up is 23.28.

9-15-18: Closed at 25.14. Trade pressures are up. Volumes are neutral. The next target up is 26.12.

9-23-18: Closed at 24.78. Trade pressures are up. Volumes are neutral. Consolidating at the 26.12 target.

 

GrubHub Inc. (GRUB) joins the Top 5 list after just one month on the Buy List. And it’s easy to see why—the stock has surged an impressive 31% since I added it! The catalyst was a strong second-quarter earnings report, and I see further upside potential here.

GrubHub is revolutionizing the food delivery industry, one order at a time. The company operates GrubHub, Seamless and Eat 24, online ordering platforms that connect hungry customers in 1,600 cities with 80,000 local restaurants. The company also operates two online menu websites—Allmenus.com and MenuPages.com. Together, these websites are helping to make paper takeout menus obsolete.

These easy-to-use apps are becoming very popular. Last quarter, active diners surgedi 72% year-over-year to 15.1 million. Of those, nearly a half a million users were Daily Active Grubs, which meant they placed orders every single day. Given this phenomenal growth rate, it’s no surprise that GrubHub is entering dozens of new markets every quarter.

So I’m looking forward to GrubHub’s third-quarter earnings report, which is slated for the end of October. The Street view is for earnings of $0.41 per share on $238.1 million in revenue, or 46% earnings growth and 46% sales growth. GrubHub is also known for beating estimates, so I expect that it’ll do even better.

In the meantime, buy this Moderately Aggressive stock up to $162 per share.

SOM Technicals:

9-1-18: Closed at 144.11. Trade pressures are up. Volumes are bullish. In the move up from the 105.30 entry. The next target up is 152.41.

9-8-18: Closed at 141.92. Trade pressures are up but turning down. Volumes are bullish. The next target up is 152.41.

9-15-18: Closed at 146.11. Trade pressures are up. Volumes are bullish. The next target up is 152.41.

9-23-18: Closed at 135.75. Trade pressures are down. Volumes are bearish. The next target down is 128.90.