Category: Public

Navellier Top 5 Stocks for September

igh-Growth Investments

Cenovus Energy, Inc.

Cenovus Energy, Inc. (CVE) claims a spot on the Top Stocks list for the second-straight month, as the Canadian oil sands company continues to profit from elevated energy prices. As one of the largest oil and natural gas producers in Canada, Cenovus Energy has total proved reserves of 6.1 billion barrels of oil equivalent. In the second quarter, Cenovus Energy achieved upstream production of 762,000 barrels of oil equivalent per day (boepd).

Thanks to the strong production numbers, the company also reported second-quarter earnings of $1.19 per share on revenue of $19.2 billion, which crushed estimates for earnings of $0.82 per share and revenue of $11.56 billion. And Cenovus Energy now anticipates full-year production between 780,000 and 810,000 boped.

The analyst community also remains very positive on Cenovus Energy for the rest of this year. Third- and fourth-quarter earnings estimates have been upped by 21.3% and 15.9%, respectively, in the past three months. Full-year earnings estimates have also been revised higher, and analysts now forecast annual earnings growth of 1,561.9%. CVE is a Conservative buy below $22.

SOM Technicals:

7-30-22: Closed at 19.08. Trade pressures are up. Volumes are bullish. The next target up is 22.29.

8-6-22: Closed at 16.43. Trade pressures are down. Volumes are bearish. The next target down is 15.28, the prior low.

8-12-22: Closed at 18.68. Trade pressures are up. Volumes are bullish. The next target up is 18.75.

8-21-22: Closed at 18.19. Trade pressures are up but turning down. Volumes are now neutral. 17.76 would start a new leg down.

8-27-22: Closed at 19.30. Trade pressures are up but turned down. The next target down is 18.79.

9-2-22: Closed at 18.93. Trade pressures are up. Volumes are now neutral. The next target up is 22.29.

9/9/22: Closed at 17.73. Trade pressures are down. Volumes are now neutral. The next target down is 16.88, the 200 day MA.

9/16/22: Closed at 18.64. Trade pressures are down. Volumes are bullish. The next target down is 15.13. the next target up is the new long entry at 18.75.

9-23-22: Closed at 15.74. Trade pressures are down. Volumes are bearish. The next target down is 13.99.

 

CF Industries Holdings, Inc.

CF Industries Holdings, Inc. (CF) produces approximately 10 million tons of ammonia each year through its nine manufacturing facilities in the U.S., Canada and the U.K. As you may know, ammonia is a versatile product that can be used as a fertilizer or developed into other nitrogen fertilizers like urea, urea ammonium nitrate (UAN) and ammonium nitrate

The company has benefited from an increased demand for fertilizers, as supplies from Russia and Ukraine have been hindered by the war between these two countries. So, during the second quarter, CF Industries reported that earnings soared 389.5% year-over-year to $1.17 billion, or $5.58 per share, while revenue jumped 113.2% year-over-year to $3.39 billion.

Looking forward to the third quarter, earnings are forecast to surge to $3.40 per share, compared to an earnings loss of $0.86 per share in the same quarter a year ago. Third-quarter revenue is anticipated to come in at $2.34 billion. CF is a Conservative buy below $130.

SOM Technicals:

8-27-22: Closed at118.35. Trade pressures are up. Volumes are bullish. The next target up is 122.83 with support at 114.80.

9-2-22: Closed at 106.86. Trade pressures are up into the neutral zone. Volumes are bullish. The next target down is 98.40.

9-9-22: Closed at 102.46. Trade pressures are down. Volumes are now neutral. The next target down is 98.40.

9-16-22: Closed at 98.59. Trade pressures are down. Volumes are now bullish. The next target down is 85.29.

9-23-22: Closed at 93.79. Trade pressures are down. Volumes are are now neutral. The next target down is 85.29.

 

Devon Energy Corporation

Devon Energy Corporation (DVN) operates in some of the most lucrative crude oil and natural gas producing basins in the U.S., including the Anadarko Basin, the Delaware Basin, Eagle Ford, the Powder River Basin and the Williston Basin. So, it’s not too surprising that the company achieved production of 616,000 bpd in the second quarter. That represented a 7% year-over-year increase.

Devon Energy also reported second-quarter adjusted earnings surged 331.7% year-over-year to $2.59 per share, up from $0.60 per share in the same quarter a year ago. Analysts expected adjusted earnings of $2.38 per share, so the company exceeded estimates by 8.8%.

I should add that Devon Energy is one of the few stocks that earn a spot on both Buy Lists, as it also has a history of rewarding its shareholders. It’s paid a dividend for 118-straight quarters. Devon Energy plans to pay a second-quarter variable dividend of $1.55 per share and a fixed dividend of $0.02 per share on September 30 to all shareholders of record on September 12. The stock has an 8.8% dividend yield. DVN is a Moderately Aggressive buy below $82.

SOM Technicals:

5-1-22: Closed at 58.17. Trade pressures are up. Volumes are bearish. The next target down is 55.44.

5-6-22: Closed at 69.69. Trade pressures are up. Volumes are bullish. The next target up is 70.97.

5-14-22: Closed at 68.60. Trade pressures are up. Volumes are bullish. The next target up is 69.75.

5-21-22: Closed at 68.92. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is 73.18.

5-29-22: Closed at 75.85. Trade pressures are up. Volumes are Bullish. The next target up is 79.23.

6-05-22: Closed at 77.02. Trade pressures are up. But rolling over. Volumes are bullish. The next target up is 88.63.

6-11-22: Closed at 73.75. Trade pressures are down. Volumes are neutral. The next target down is 69.38.

6-18-22: Closed at 58.02. Trade pressures are down. Volumes are bearish. The next target down is 51.12.

6-25-22: Closed at 53.77. Trade pressures are down. Volumes are bearish. The next target down is 51.68.

7-2-22: Closed at 56.11. Trade pressure are in the neutral zone. Volumes are neutral. The next target down is the 200 day MA at 52.38.

7-9-22: Closed at 54.47. Trade pressures are up into the neutral one. Volumes are neutral. The next target up is 59.82.

7-30-22: Closed at 62.85. Trade pressures are up. Volumes are bullish. The next target up is 70.78.

8-6-22: Closed at 56.66. Trade pressures are down but rising. Volumes are bullish. The next target up is 59.82.

8-12-22: Closed at 65.56. Trade pressures are up. Volumes are bullish. The next target up is 70.78.

8-21-22: Closed at 68.51. Trade pressures are up. Volumes are now bearish. The next target down is 64.92.

8-27-22: Closed at 72.77. Trade pressures are up. Volumes are bullish. The next target up is 75.96.

9-2-22: Closed at 70.34. Trade pressures are down but rising. Volumes are now neutral. The next target down is 67.63.

9-9-22: Closed at 68.91. Trade pressures are down but rising. Volumes are now neutral. The next target up is71.72.

9-16-22: Closed at 66.82. Trade pressures are down. Volumes are bearish. The next target down is 60.00.

9-23-22: Closed at 57.69. Trade pressures are down. Volumes are now neutral. The next target down is 56.40.

 

Marathon Oil Corporation

Marathon Oil Corporation (MRO) is an independent oil and natural gas exploration and production company, with operations in the Bakken Shale, Eagle Ford, the Permian Basin and STACK/SCOOP. In the second quarter, the company achieved total production of 283,000 boepd, and oil production accounted for 157,000 barrels per day.

Strong production levels led to equally strong financial results: Second-quarter revenue soared 101.5% year-over-year to $2.3 billion, while adjusted earnings per share surged 500% year-over-year to $1.32. The consensus estimate called for adjusted earnings of $1.26 per share on $2.07 billion in revenue.

Marathon Oil has exceeded analysts’ earnings estimates for four-straight quarters – and it’s likely gearing up for a fifth quarterly earnings surprise. Analysts have increased third-quarter earnings estimates over the past three months and now expect 235.9% year-over-year growth. As you know, positive analyst revisions typically precede future earnings surprises. MRO is a Moderately Aggressive buy below $30.

SOM Technicals:

3-26-22: Closed at 26.04. Trade pressures are up. Volumes are bullish. In consolidation. A close below 25.00 would signal lower.

4-2-22: Closed at 25.75. Trade pressures are up into the neutral zone, Volumes are bullish. The next target up is 26.22, the prior high.

4-10-22: Closed at 25.92. Trade pressures are up. Volumes are bullish. The next target up is 26.40 the prior high.

5-1-22: Closed at 24.92. Trade pressures are up. Volumes are neutral. The next target up is 27.27.

5-6-22: Closed at 28.15. Trade pressures are up. Volumes are bullish. The next target up is 29.00.

5-14-22: Closed at 27.00. Trade pressures are up. Volumes are bullish. The next target up is 27.35.

5-21-22: Closed at 27.26. Trade pressures are down but turning up. Volumes are bullish. The next target up is the 28.44 resistance.

5-29-22: Closed at 31.24. Trade pressures are up. Volumes are bullish. The next target up is 34.09.

6-05-22: Closed at 31.60. Trade pressures are up but rolling over. Volumes are bullish. A break below 30.58 would signal lower.

6-11-22: Closed at 30.10. Trade pressures are down. Volumes are bearish. The next target down is 27.90.

6-18-22: Closed at 24.15. Trade pressures are down. Volumes are bearish. The next target down is 20.39.

6-25-22: Closed at 22.05. Trade pressures are down. Volumes are bearish. The next target down is 20.62.

7-2-22: Closed at 22.56. Trade pressures are in the neutral zone. Volumes are neutral. The next target down is 20.90.

7-9-22: Closed at 21.72. Trade pressures are up into the neutral zone. Volumes are neutral. The next target up is 24.55.

7-30-22: Closed at 24.80. Trade pressures are up. Volumes are bullish. The next target up is 28.90.

8-6-22: Closed at 21.77. Trade pressures are down. Volumes are bearish. The next target down is a retest of the low at 19.42.

8-12-22: Closed at 24.06. Trade pressures are up. Volumes are bullish. The next target up is 28.90.

8-21-22: Closed at 24.46. Trade pressures are up. Volumes are bullish. The next target up is 28.90. 

8-27-22: Closed at 26.16. Trade pressures are up. Volumes are bullish. The next target up is 28.90.

9-2-22 Closed at 25.71. Trade pressures are down but rising. Volumes are now neutral. The next target up is 28.90.

9-9-22: Closed at 25.61. Trade pressures are down but rising. Volumes are now neutral. The next target up is 27.55.

9-16-22: Closed at 23.10. Trade pressures are down. Volumes are now bullish. The next target up is 27.92.

9-23-22: Closed at 21.90. Trade pressures are down. Volumes are bearish. The next target down is 21.01.

 

Occidental Petroleum Corporation

Occidental Petroleum Corporation (OXY) is a leading energy exploration and petrochemical manufacturing company with more than 100 years of experience. The company has energy and chemical assets in Africa, Latin America, the Middle East and the U.S. Occidental Petroleum boasts that it is one of the biggest oil and natural gas producers in the U.S., as well as a top-tier producer of chemicals here in the U.S. and around the world.

During the second quarter, the company produced 1.15 million barrels of oil equivalent per day (Mboepd). Second-quarter adjusted earnings soared 887.5% year-over-year to $3.16 per share, while second-quarter sales increased 78.6% year-over-year to $10.74 billion. Occidental Petroleum beat analysts’ top- and bottom-line estimates, and in turn, analysts have upped third-quarter estimates.

For the third quarter, earnings are now forecast to soar 228.7% year-over-year to $2.86 per share, up from $0.87 per share in the same quarter a year ago. Third-quarter revenue is expected to rise 53.5% year-over-year to $10.06 billion. OXY is a Moderately Aggressive buy below $85.

SOM Technicals:

8-27-22: Closed at 73.56. Trade pressures are up but turning down. Volumes are now neutral. The next target down is 71.86.

9-2-22: Closed at 68.77. Trade pressures are down but rising. Volumes are bearish. The next target down is 67.25.

9-9-22: Closed at 64.61. Trade pressures are down. Volumes are bearish. The next target down is 57.39.

9-16-22: Closed at 64.41. Trade pressures are down into the neutral zone. Volumes are bearish. The next target down is 57.38.

9-23-22: Closed at 58.73. Trade pressures are down. Volumes are now neutral. The next target down is 57.39.

Navellier Top 5 Stocks for August

The following is provided by Navellier with technical comment from South Ocean Management – pls do your own due diligence.

(For this 2022 year, SOM will track the Top 5 Hi-Growth Investments.)

https://navelliergrowth.investorplace.com/

 

High-Growth Investments

Cenovus Energy, Inc.

Cenovus Energy, Inc. (CVE), like this month’s two new buys, operates in the oil sands projects in Alberta. The company is the third-largest Canadian oil and natural gas producers, as well as the second-largest refiner and upgrader in Canada. The company produced nearly 792,000 barrels of oil equivalent per day in 2021, and it had total proved reserves of 6.1 billion barrels of oil equivalent.

Cenovus Energy reported second-quarter results on Thursday morning. During the second quarter, Cenovus Energy had upstream production of 762,000 barrels of oil equivalent per day and downstream throughput of more than 457,000 barrels per day.

Second-quarter earnings surged 981.8% year-over-year to $1.19 per share, up from $0.11 per share in the same quarter a year ago. The consensus estimate called for earnings of $0.82 per share, so Cenovus Energy posted a 45.1% earnings surprise. Second-quarter revenue came in at $19.2 billion, crushing estimates for $11.56 billion.

Looking forward, Cenovus Energy expects to achieve full-year production between 780,000 to 810,000 barrels of oil equivalent per day. Cenovus Energy also plans to pay a quarterly dividend of $0.105 per share on September 29. All shareholders of record on September 15 will receive the dividend. CVE is a Moderately Aggressive buy below $22.

SOM Technicals:

7-30-22: Closed at 19.08. Trade pressures are up. Volumes are bullish. The next target up is 22.29.

8-6-22: Closed at 16.43> Trade pressures are down. Volumes are bearish. The next target down is 15.28, the prior low.

8-12-22: Closed at 18.68. Trade pressures are up. Volumes are bullish. The next target up is 18.75.

8-21-22: Closed at 18.19. Trade pressures are up but turning down. Volumes are now neutral. 17.76 would start a new leg down.

 

Devon Energy Corporation

Devon Energy Corporation (DVN) is one of the top oil and gas companies in the U.S., with operations in the Anadarko Basin, the Delaware Basin, Eagle Ford, the Powder River Basin and the Williston Basin. This week, the company completed its acquisition of 38,000 additional net acres in the Williston Basin. It purchased the acreage from RimRock Oil and Gas, LP for $865 million.

The acquisition adds nicely to Devon Energy’s current assets in the Williston Basin, and it’s expected to boost production by an average of 20,000 barrels of oil equivalent per day in the next 12 months. Devon Energy also noted that there’s the potential for more than 100 undrilled inventory locations on the acreage, which will add to the company’s production and top and bottom lines.

Devon Energy is scheduled to release results for its second quarter on Monday, August 1. Second-quarter earnings are expected to surge 295% year-over-year to $2.37 per share, up from $0.60 per share in the same quarter a year ago. Analysts have also upped earnings estimates by nearly 14% in the past three months, so a quarterly earnings surprise is likely. Revenue is forecast to soar 100.6% year-over-year to $4.72 billion. DVN is a Moderately Aggressive buy below $71.

SOM Technicals:

5-1-22: Closed at 58.17. Trade pressures are up. Volumes are bearish. The next target down is 55.44.

5-6-22: Closed at 69.69. Trade pressures are up. Volumes are bullish. The next target up is 70.97.

5-14-22: Closed at 68.60. Trade pressures are up. Volumes are bullish. The next target up is 69.75.

5-21-22: Closed at 68.92. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is 73.18.

5-29-22: Closed at 75.85. Trade pressures are up. Volumes are Bullish. The next target up is 79.23.

6-05-22: Closed at 77.02. Trade pressures are up. But rolling over. Volumes are bullish. The next target up is 88.63.

6-11-22: Closed at 73.75. Trade pressures are down. Volumes are neutral. The next target down is 69.38.

6-18-22: Closed at 58.02. Trade pressures are down. Volumes are bearish. The next target down is 51.12.

6-25-22: Closed at 53.77. Trade pressures are down. Volumes are bearish. The next target down is 51.68.

7-2-22: Closed at 56.11. Trade pressure are in the neutral zone. Volumes are neutral. The next target down is the 200 day MA at 52.38.

7-9-22: Closed at 54.47. Trade pressures are up into the neutral one. Volumes are neutral. The next target up is 59.82.

7-30-22: Closed at 62.85. Trade pressures are up. Volumes are bullish. The next target up is 70.78.

8-6-22: Closed at 56.66. Trade pressures are down but rising. Volumes are bullish. The next target up is 59.82.

8-12-22: Closed at 65.56. Trade pressures are up. Volumes are bullish. The next target up is 70.78.

8-21-22: 68.51. Trade pressures are up. Volumes are now bearish. The next target down is 64.92.

 

Marathon Oil Corporation

Marathon Oil Corporation (MRO) is another leading oil and gas company in the U.S., as it has operations in the Bakken Shale, Eagle Ford, the Permian Basin and STACK/SCOOP. The company’s production portfolio is basically equally weighted with a 50% oil and 50% natural gas/natural gas liquids mix. Marathon Oil produced 173,000 barrels of oil per day and 348,000 barrels of oil equivalent per day in its fiscal year 2021.

Marathon Oil Corporation plans to post second-quarter results on Wednesday, August 3. The analyst community expects earnings to soar 486.4% year-over-year to $1.29 per share, up from $0.22 per share in the second quarter of 2021. Revenue is forecast to grow 81.5% year-over-year to $2.07 billion. Earnings estimates have been revised 22.8% higher in the past three months, which bodes well for a fifth-straight quarterly earnings surprise.

I should add that Marathon Oil also rewards its shareholders with regular quarterly dividends. In fact, the company upped its dividend for the fifth-straight quarter, paying $0.08 per share on June 10. The stock has a 1.3% dividend yield. MRO is a Moderately Aggressive buy below $29.

SOM Technicals:

3-26-22: Closed at 26.04. Trade pressures are up. Volumes are bullish. In consolidation. A close below 25.00 would signal lower.

4-2-22: Closed at 25.75. Trade pressures are up into the neutral zone, Volumes are bullish. The next target up is 26.22, the prior high.

4-10-22: Closed at 25.92. Trade pressures are up. Volumes are bullish. The next target up is 26.40 the prior high.

5-1-22: Closed at 24.92. Trade pressures are up. Volumes are neutral. The next target up is 27.27.

5-6-22: Closed at 28.15. Trade pressures are up. Volumes are bullish. The next target up is 29.00.

5-14-22: Closed at 27.00. Trade pressures are up. Volumes are bullish. The next target up is 27.35.

5-21-22: Closed at 27.26. Trade pressures are down but turning up. Volumes are bullish. The next target up is the 28.44 resistance.

5-29-22: Closed at 31.24. Trade pressures are up. Volumes are bullish. The next target up is 34.09.

6-05-22: Closed at 31.60. Trade pressures are up but rolling over. Volumes are bullish. A break below 30.58 would signal lower.

6-11-22: Closed at 30.10. Trade pressures are down. Volumes are bearish. The next target down is 27.90.

6-18-22: Closed at 24.15. Trade pressures are down. Volumes are bearish. The next target down is 20.39.

6-25-22: Closed at 22.05. Trade pressures are down. Volumes are bearish. The next target down is 20.62.

7-2-22: Closed at 22.56. Trade pressures are in the neutral zone. Volumes are neutral. The next target down is 20.90.

7-9-22: Closed at 21.72. Trade pressures are up into the neutral zone. Volumes are neutral. The next target up is 24.55.

7-30-22: Closed at 24.80. Trade pressures are up. Volumes are bullish. The next target up is 28.90.

8-6-22: Closed at 21.77. Trade pressures are down. Volumes are bearish. The next target down is a retest of the low at 19.42.

8-12-22: Closed at 24.06. Trade pressures are up. Volumes are bullish. The next target up is 28.90.

8-21-22: Closed at 24.46. Trade pressures are up. Volumes are bullish. The next target up is 28.90. 

 

Quanta Services, Inc.

Quanta Services, Inc. (PWR) primarily provides infrastructure solutions for electric power, wireless and fiber optic installation, underground utilities and pipelines. Simply put, Quanta Services provides “the infrastructure that powers your world” – and it has benefited immensely from the shift to 5G.

In the first quarter, Quanta Services achieved 47% year-over-year revenue growth and 65% year-over-year earnings growth. The company noted that strong revenue growth in each of its businesses drove the robust results in the quarter, and, in turn, it provided a strong outlook for the rest of 2022. Full-year revenue is expected to be between $16.2 billion and $16.7 billion, while adjusted earnings per share are forecast to be between $6.00 and $6.50.

Thanks to the strong outlook, analysts are expecting solid results in the second quarter, too. Quanta Services is ready to release results from the most recent quarter on Thursday, August 4. The current consensus estimate calls for earnings of $1.52 per share on $4.04 billion in revenue, which represents 43.4% year-over-year earnings growth and 34.5% year-over-year revenue growth. PWR is a Conservative buy below $152.

SOM Technicals:

7-30-22: Closed at 138.73. Trade pressures are up. but showing divergence. Volumes are bearish. The  next target down is 133.65.

8-6-22: Closed at 136.91. Trade pressures are down but rising. Volumes are bullish. The next target up is 138.44.

8-12-22: Closed at 143.46. Trade pressures are up. Volumes are bullish. The next target up is 145.03.

8-21-22: Closed at 142.02. Trade pressures are down into the neutral zone. Volumes are now neutral. The next target down is 138.78.

 

Sociedad Quimica y Minera

Sociedad Quimica y Minera (SQM) is a chemical company based in Chile, with a focus on producing lithium, iodine potassium nitrate and thermos-solar salt. SQM is a leading producer of potassium fertilizers, including potassium chloride (the most common fertilizer used globally), potassium sulfate and potassium nitrate.

Thanks to ongoing demand and rising fertilizer prices, SQM’s business had an incredible start to its fiscal year 2022. First-quarter earnings surged 1,070.7% year-over-year to $796.1 million, or $2.79 per share. Analysts only expected earnings of $1.28 per share. So, in the wake of its 118% earnings surprise, the analyst community has nearly doubled its second-quarter earnings estimates.

For the second quarter, earnings are expected to soar 1,080% year-over-year to $2.95 per share, compared to previous estimates for only $1.50 per share. Second-quarter revenue is forecast to come in at $2.19 billion. SQM will report final results on August 17. SQM is an Aggressive buy below $118.

SOM Technicals:

7-30-22: Closed at 98.37. Trade pressures are up. Volumes are bullish. The next target up is 114.55.

8-6-22: Closed at 92.79. Trade pressures are down. Volumes are bearish. The next target up is 96.79.

8-12-22: Closed at 108.70. Trade pressures are up. Volumes are bullish. The next target up is 114.55.

8-21-22: Closed at 90.07. Trade pressures are down. Volumes are bearish. The next target up 93.58, the new long entry.

Navellier Top 5 Stocks for July

The following is provided by Navellier with technical comment from South Ocean Management – pls do your own due diligence.

(For this 2022 year, SOM will track the Top 5 Hi-Growth Investments.)

https://navelliergrowth.investorplace.com/

High-Growth Investments

Continental Resources, Inc.

Continental Resources, Inc. (CLR) was a new addition to the High-Growth Investments Buy List last month. If you recall, Continental Resources is one of the top 10 oil producers in the U.S. It’s headquartered in Oklahoma City, but its main operations are in the Bakken oil field in North Dakota and Montana, where it is the largest leaseholder and biggest producer.

In 2021, Continental Resources produced 329.6 million barrels of oil equivalent per day (MBoepd), which included 160.6 million barrels of oil per day and 1,014 million cubic feet of natural gas per day (MMcfpd). Continental Resources expects to achieve similar production in 2022, with crude oil production forecast to be between 195 million and 205 million barrels per day and natural gas production expected to be between 1,040 and 1,140 MMcfpd.

Thanks to the strong production outlook, analysts have increased second-quarter earnings estimates by 34% in the past three months. For the second quarter, earnings are now forecast to surge 233% year-over-year to $3.03 per share, up from $0.91 per share in the second quarter of 2021. Second-quarter revenue is expected to soar 129.5% year-over-year to $2.56 billion. CLR is a Moderately Aggressive buy below $73.

SOM Technicals:

6-25-22: Closed at 65.22. Trade pressures are down but rising. Volumes are bearish. The next target  down is 60.76.

7-2-22: Closed at 65.66. Trade pressures are down. Volumes are neutral. the next target down is 60.76.

7-9-22: Closed at 65.21. Trade pressures are up. Volumes are now neutral. The next target up is 67.67.

 

ConocoPhillips

ConocoPhillips (COP), one of our oil and natural gas plays, is taking steps to help boost natural gas production globally. The company recently revealed its plans to take a 3.1% stake in Qatar Energy’s North Field East project. TotalEnergies SE and EniSpA have also purchased 3.1% stakes in the project, with the expansion expected to boost Qatar Energy’s liquified natural gas capacity to 110 million tons each year, compared to 77 million tons previously.

ConocoPhillips is also prospering from the record oil production in the Permian Basin. The Energy Information Administration expects oil production to exceed 5.3 million barrels per day in July. At the end of 2021, ConocoPhillips completed an acquisition of 225,000 net acres in the Permian Basin, which brought its total acreage in the basin to about 1.5 million. So, you can bet that ConocoPhillips is benefiting from increased production in the region.

The analyst community anticipates the boost in production will add handsomely to the company’s top and bottom lines this year. Second-quarter earnings are now forecast to nearly triple year-over-year to $3.80 per share, up from $1.27 per share in the same quarter a year ago. Revenue is expected to jump 86% year-over-year to $18.99 billion. Analysts have also upped earnings estimates by 33.3% in the past three months, which bodes well for a quarterly earnings surprise. COP is a Conservative buy below $100.

SOM Technicals:

5-1-22: Closed at 95.52. Trade pressures are up. Volumes are bullish. The next target up is 100.57.

5-6-22: Closed at 107.69. Trade pressures are up. Volumes are bullish. The next target up is 108.75.

5-14-22: Closed at 103.78. Trade pressures are up. Volumes are neutral. The next target up is 104.

5-21-22: Closed at 105.02. Trade pressures are down into the neutral zone. Volumes are bullish. The next target down is 100.93.

5-29-22: Closed at 114.85. Trade pressures are up. Volumes are bullish. The next target up is 121.40.

6-05-22: Closed at 118.12 . Trade pressures are up but turning down. Volumes are bullish. The next target up is 122.59.

6-11-22: Closed at 116.40. Trade pressures are down. Volumes are bearish. The next target down is 112.16.

6-18-22: Closed at 93.74. Trade pressures are down. Volumes are bearish. The next target down is 85.88.

6-25-22: Closed at 90.94. Trade pressures are down. Volumes are bearish. The next target down is 86.62.

7-2-22: Closed at 90.98. Trade pressures are in the neutral zone. Volumes are bullish. The next target up is 101.14.

7-9-22: Closed at 86.48. Trade pressures are down but rising. Volumes are bearish. The next target up is 95.02.

 

Devon Energy Corporation

Devon Energy Corporation (DVN) is one of the rare stocks that has claimed a spot on not only the High-Growth Investments Buy List but also the Elite Dividend Payers Buy List. The fact is the leading energy company earns a coveted AAA-rating: It earns an A-rating from Portfolio Grader and Dividend Grader, as well as an A Quantitative Grade. In other words, DVN is backed by superior fundamentals, has a history of rewarding its shareholders and benefits from persistent institutional buying pressure.

In terms of fundamentals, Devon Energy is expected to achieve second-quarter earnings of $2.29 per share and revenue of $4.65 billion. That represents 281.7% year-over-year earnings growth and 97.8% year-over-year revenue growth. The analyst community has also upped earnings estimates by 27.2% in the past three months, so a quarterly earnings surprise is likely.

Devon Energy has also paid a dividend for an impressive 117-straight quarters – and that dividend has increased by a whopping 273.5% in the past year alone. The company will pay a second-quarter dividend of $1.27 per share on June 30. All shareholders of record on June 13 will receive the dividend. The stock has an 9.3% dividend yield. DVN is a Conservative buy below $59.

SOM Technicals:

5-1-22: Closed at 58.17. Trade pressures are up. Volumes are bearish. The next target down is 55.44.

5-6-22: Closed at 69.69. Trade pressures are up. Volumes are bullish. The next target up is 70.97.

5-14-22: Closed at 68.60. Trade pressures are up. Volumes are bullish. The next target up is 69.75.

5-21-22: Closed at 68.92. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is 73.18.

5-29-22: Closed at 75.85. Trade pressures are up. Volumes are Bullish. The next target up is 79.23.

6-05-22: Closed at 77.02. Trade pressures are up. But rolling over. Volumes are bullish. The next target up is 88.63.

6-11-22: Closed at 73.75. Trade pressures are down. Volumes are neutral. The next target down is 69.38.

6-18-22: Closed at 58.02. Trade pressures are down. Volumes are bearish. The next target down is 51.12.

6-25-22: Closed at 53.77. Trade pressures are down. Volumes are bearish. The next target down is 51.68.

7-2-22: Closed at 56.11. Trade pressure are in the neutral zone. Volumes are neutral. The next target down is the 200 day MA at 52.38.

7-9-22: Closed at 54.47. Trade pressures are up into the neutral one. Volumes are neutral. The next target up is 59.82.

 

Marathon Oil Corporation

Marathon Oil Corporation (MRO) is another American energy company that’s benefiting from the record production happening in the Permian Basin. The company has about 135,000 net acres in the region, and it achieved production of 20,000 barrels of oil equivalent per day (boe/d) in the first quarter. But the company doesn’t have all its eggs in one basket, as Marathon Oil also has operations in the lucrative Eagle Ford, Bakken Shale and STACK/SCOOP regions.

Overall production in the first quarter totaled 281,000 boe/d, with oil production of 158,000 barrels per day. Marathon Oil also achieved its guidance to bring between 50 and 60 wells online, with 57 coming online during the quarter. Given its production strength and better-than-expected first-quarter earnings and revenue results, the analyst community increased second-quarter earnings estimates by nearly 52% in the past three months.

Second-quarter earnings are now expected to surge 472.7% year-over-year to $1.26 per share, up from $0.22 per share in the same quarter a year ago. Second-quarter revenue is forecast to increase 81.2% year-over-year to $2.07 billion. Marathon Oil will release second-quarter results on August 3. MRO is a Moderately Aggressive buy below $24.

SOM Technicals:

3-26-22: Closed at 26.04. Trade pressures are up. Volumes are bullish. In consolidation. A close below 25.00 would signal lower.

4-2-22: Closed at 25.75. Trade pressures are up into the neutral zone, Volumes are bullish. The next target up is 26.22, the prior high.

4-10-22: Closed at 25.92. Trade pressures are up. Volumes are bullish. The next target up is 26.40 the prior high.

5-1-22: Closed at 24.92. Trade pressures are up. Volumes are neutral. The next target up is 27.27.

5-6-22: Closed at 28.15. Trade pressures are up. Volumes are bullish. The next target up is 29.00.

5-14-22: Closed at 27.00. Trade pressures are up. Volumes are bullish. The next target up is 27.35.

5-21-22: Closed at 27.26. Trade pressures are down but turning up. Volumes are bullish. The next target up is the 28.44 resistance.

5-29-22: Closed at 31.24. Trade pressures are up. Volumes are bullish. The next target up is 34.09.

6-05-22: Closed at 31.60. Trade pressures are up but rolling over. Volumes are bullish. A break below 30.58 would signal lower.

6-11-22: Closed at 30.10. Trade pressures are down. Volumes are bearish. The next target down is 27.90.

6-18-22: Closed at 24.15. Trade pressures are down. Volumes are bearish. The next target down is 20.39.

6-25-22: Closed at 22.05. Trade pressures are down. Volumes are bearish. The next target down is 20.62.

7-2-22: Closed at 22.56. Trade pressures are in the neutral zone. Volumes are neutral. The next target down is 20.90.

7-9-22: Closed at 21.72. Trade pressures are up into the neutral zone. Volumes are neutral. The next target up is 24.55.

 

Targa Resources Corporation

Targa Resources Corporation (TRGP) focuses primarily on natural gas and natural gas liquids (NGLS), with operations in the Anadarko Basin, the Bakken Shale, the Barnett Shale, Eagle Ford Shale, the Permian Basin and Three Forks. And the company aims to boost its natural gas production in the Permian Basin with its recently announced acquisition target.

Targa Resources plans to purchase Lucid Energy Group in a $3.55 billion cash deal. Lucid Energy is a natural gas company focused on gathering, treating and processing natural gas from the Permian Basin, with 1,050 miles of pipelines and the ability to process 1.4 billion cubic feet of natural gas per day. Lucid Energy also has 600,000 dedicated acres, which support more than 20 years of drilling inventory.

The acquisition is expected to be complete in the third quarter and immediately accretive to distributable cash flow per share. Company management noted that the acquisition will also support Targa Resources commitment to rewarding its shareholders with increased dividend payments, as well as stock buybacks.

Prior to the acquisition closing, Targa Resources still has superior fundamentals: The consensus estimate calls for second-quarter earnings of $0.99 per share on $5.31 billion in revenue, which represents 560% year-over-year earnings growth and 55.4% year-over-year revenue growth. Analysts have also increased earnings estimates over the past three months. TRGP is a Conservative buy below $63.

SOM Technicals:

5-29-22: Closed at 72.82. Trade pressures are up. Volumes are bullish. The next target up is 74.70.

6-05-22: Closed at 77.35. Trade pressures are up. Volumes are bullish. The next target up is the 81.50 prior high.

6-11-22: Closed at 72.43. Trade pressures are down. Volumes are bearish. The next target down is 70.00.

6-18-22: Closed at 60.65. Trade pressures are down. Volumes are bearish. The  next target down is 59.04.

6-25-22: Closed at 59.14. Trade pressures are down but rising. Volumes are bearish. The next target down is 57.39.

7-2-22: Closed at 61.00. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is 65.72.

7-9-22: Closed at 59.72. Trade pressures are up into the neutral zone. Volumes are neutral. The next target up is 64.14.

 

Navellier Top 5 Stocks for June

The following is provided by Navellier with technical comment from South Ocean Management – pls do your own due diligence.

(For this 2022 year, SOM will track the Top 5 Hi-Growth Investments.)

https://navelliergrowth.investorplace.com/

High-Growth Investments

ConocoPhillips

ConocoPhillips (COP) is one of the biggest independent exploration and production companies in the world – and it is profiting immensely from the rise in crude oil and natural gas prices. In fact, the company’s first-quarter earnings surged 480% year-over-yar to $5.8 billion, or $4.39 per share, while adjusted earnings jumped 373.9% year-over-year to $3.27 per share. That topped analysts’ estimates for $3.03 per share by 7.9%.

ConocoPhillips noted that it produced 1.75 million barrels of oil equivalent per day in the first quarter. For the second quarter, the company expects production to be between 1.67 million and 1.73 million barrels of oil equivalent per day.

The analyst community is also optimistic, as it has increased second-quarter earnings estimates by 53.7% in the past three months. Second-quarter earnings are now forecast to rise 179.5% year-over-year to $3.55 per share, up from $1.27 per share in the same quarter a year ago. As you know, positive analyst revisions typically precede future earnings surprises. COP is a Conservative buy below $125.

SOM Technicals:

5-1-22: Closed at 95.52. Trade pressures are up. Volumes are bullish. The next target up is 100.57.

5-6-22: Closed at 107.69. Trade pressures are up. Volumes are bullish. The next target up is 108.75.

5-14-22: Closed at 103.78. Trade pressures are up. Volumes are neutral. The next target up is 104.

5-21-22: Closed at 105.02. Trade pressures are down into the neutral zone. Volumes are bullish. The next target down is 100.93.

5-29-22: Closed at 14.85. Trade pressures are up. Volumes are bullish. The next target up is 121.40.

6-05-22: Closed at 118.12 . Trade pressures are up but turning down. Volumes are bullish. The next target up is 122.59.

6-11-22: Closed at 116.40. Trade pressures are down. Volumes are bearish. The next target down is 112.16.

6-18-22: Closed at 93.74. Trade pressures are down. Volumes are bearish. The next target down is 85.88.

 

Devon Energy Corporation

Devon Energy Corporation (DVN) is a leading oil and natural gas production company in the U.S., with a focus on the Anadarko Basin, the Delaware Basin, Eagle Ford, the Powder River Basin and the Williston Basin. The bulk of the company’s production comes from the Delaware Basin, which is located in southeast New Mexico and West Texas, as it has about 400,000 net acres there.

During the first quarter, Devon Energy produced an average 575,000 barrels of oil equivalent per day, with oil accounting for about 50% of volume. The company also achieved core earnings of $1.88 per share, or 317.8% year-over-year earnings growth. Analysts expected earnings of $1.75 per share. Thanks to the strong results, analysts have upped second-quarter earnings estimates by 55% in the past three months. Second-quarter earnings are now expected to increase 280% year-over-year.

Like many of the domestic energy companies that we own, Devon Energy also plans to continue to reward its shareholders. It will pay a dividend of $1.27 per share on June 30 to all shareholders of record on June 13. The stock has a 5.3% dividend yield. DVN is a Conservative buy below $82.

SOM Technicals:

5-1-22: Closed at 58.17. Trade pressures are up. Volumes are bearish. The next target down is 55.44.

5-6-22: Closed at 69.69. Trade pressures are up. Volumes are bullish. The next target up is 70.97.

5-14-22: Closed at 68.60. Trade pressures are up. Volumes are bullish. The next target up is 69.75.

5-21-22: Closed at 68.92. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is 73.18.

5-29-22: Closed at 75.85. Trade pressures are up. Volumes are Bullish. The next target up is 79.23.

6-05-22: Closed at 77.02. Trade pressures are up. But rolling over. Volumes are bullish. The next target up is 88.63.

6-11-22: Closed at 73.75. Trade pressures are down. Volumes are neutral. The next target down is 69.38.

6-18-22: Closed at 58.02. Trade pressures are down. Volumes are bearish. The next target down is 51.12.

 

Marathon Oil Corporation

Marathon Oil Corporation (MRO) is a U.S.-based energy exploration and production company that operates in the top four oil-producing basins in the U.S.: Eagle Ford, Bakken, STACK/SCOOP and the Permian Basin. Eagle Ford and Bakken dominate the company’s production, with an average 80,000 barrels of oil equivalent per day and 118,000 barrels of oil equivalent per day, respectively, in the first quarter of 2022.

First-quarter revenue increased 63.7% year-over-year to $1.76 billion and adjusted earnings soared 385.7% year-over-year to $1.02 per share. That compares to earnings of $0.21 per share and revenue of $1.07 billion in the first quarter of 2021. Analysts expected earnings of $0.92 per share on $1.71 billion in revenue, so MRO posted a 10.9% earnings surprise and slight revenue surprise.

Analysts have doubled their second-quarter earnings estimates in the past three months, now expecting earnings to surge 463.6% year-over-year to $1.24 per share. Second-quarter revenue is forecast to grow 78% year-over-year to $2.03 billion. MRO is a Conservative buy below $34.

SOM Technicals:

3-26-22: Closed at 26.04. Trade pressures are up. Volumes are bullish. In consolidation. A close below 25.00 would signal lower.

4-2-22: Closed at 25.75. Trade pressures are up into the neutral zone, Volumes are bullish. The next target up is 26.22, the prior high.

4-10-22: Closed at 25.92. Trade pressures are up. Volumes are bullish. The next target up is 26.40 the prior high.

5-1-22: Closed at 24.92. Trade pressures are up. Volumes are neutral. The next target up is 27.27.

5-6-22: Closed at 28.15. Trade pressures are up. Volumes are bullish. The next target up is 29.00.

5-14-22: Closed at 27.00. Trade pressures are up. Volumes are bullish. The next target up is 27.35.

5-21-22: Closed at 27.26. Trade pressures are down but turning up. Volumes are bullish. The next target up is the 28.44 resistance.

5-29-22: Closed at 31.24. Trade pressures are up. Volumes are bullish. The next target up is 34.09.

6-05-22: Closed at 31.60. Trade pressures are up but rolling over. Volumes are bullish. A break below 30.58 would signal lower.

6-11-22: Closed at 30.10. Trade pressures are down. Volumes are bearish. The next target down is 27.90.

6-18-22: Closed at 24.15. Trade pressures are down. Volumes are bearish. The next target down is 20.39.

 

Petroleo Brasileiro S.A.

Petroleo Brasileiro S.A. (PBR), or Petrobras, is one of the biggest oil and gas companies in the world, producing an average 2.84 million barrels of oil equivalent per day. Its proved reserves total 8,816 billion barrels of oil equivalent. It also has its eye on alternative energy solutions with biodiesel plants, thermoelectric plants, wind energy projects and a solar energy project.

During the first quarter, Petrobras produced 2.796 million barrels of oil equivalent per day, or a 1.1% year-over-year increase. The company also achieved earnings of $1.27 per share, up from $0.04 per share in the same quarter a year ago. Analysts expected first-quarter earnings of $1.11 per share, so Petrobras posted a 14.4% earnings surprise.

Elevated energy prices should continue to drive strong results going forward. For the second quarter, analysts have increased earnings estimates by 63.6% in the past three months. Second-quarter earnings are now forecast to come in at $1.08 per share. PBR is a Conservative buy below $16.

SOM Technicals:

5-29-22: Closed at 14.29. Trade pressures are are down. Volumes are bearish. The next target down is 13.95.

6-05-22: Closed at 14.20. Trade pressures are rising into the neutral zone. Volumes are bearish. The next target down is 13.34.

6-11-22: Closed at 13.27. Trade pressures are down. Volumes are neutral. the next target down is 12.14.

6-18-22: Closed at 11.61. Trade pressures are down. Volumes are bearish. The next target down is 10.07.

 

Targa Resources Corporation

Targa Resources Corporation (TRGP) provides natural gas and natural gas liquids (NGLS) to the U.S. and overseas, with operations focused in the most lucrative natural gas basins in the U.S. This includes the Anadarko Basin, the Bakken Shale, the Barnett Shale, Eagle Ford Shale, the Permian Basin and Three Forks. It also has operations on the Gulf Coast of Louisiana and the Gulf of Mexico.

For its first quarter, Targa Resources reported revenue of $4.2 billion and earnings of $88.0 million, which compared to revenue of $3.63 billion and earnings of $146.4 million in the first quarter of 2021. Earnings estimates fell short of analysts’ expectations, but that hasn’t stopped the analyst community from increasing second-quarter estimates over the past three months. Second-quarter earnings are anticipated to soar 506.7% year-over-year to $0.91 per share. TRGP is a Conservative buy below $78.

SOM Technicals:

5-29-22: Closed at 72.82. Trade pressures are up. Volumes are bullish. The next target up is 74.70.

6-05-22: Closed at 77.35. Trade pressures are up. Volumes are bullish. The next target up is the 81.50 prior high.

6-11-22: Closed at 72.43. Trade pressures are down. Volumes are bearish. The next target down is 70.00.

6-18-22: Closed at 60.65. Trade pressures are down. Volumes are bearish. The  next target down is 59.04.

 

Navellier Top 5 Stocks for May

The following is provided by Navellier with technical comment from South Ocean Management – pls do your own due diligence.

(For this 2022 year, SOM will track the Top 5 Hi-Growth Investments.)

https://navelliergrowth.investorplace.com/

High-Growth Investments

ConocoPhillips
ConocoPhillips (COP) is one of the largest independent exploration and production companies in the world – and we added the stock to the Buy List in the April Monthly Issue. The company does a little bit of everything when it comes to crude oil and natural gas, extracting with hydraulic fracturing, horizontal drilling and offshore drilling, as well as producing and transporting the product.

In fact, ConocoPhillips has an extensive energy portfolio that spans 14 countries. The company transports oil and natural gas around the world through pipelines, as well as tankers, trucks and rail. And at the end of 2021, it had 6.1 billion barrels of oil equivalent in its reserves. As a result, ConocoPhillips benefited immensely from rising crude oil prices in 2021 – and I suspect its upcoming earnings report will reveal the company continued to prosper in the first quarter.

The company will release results on Thursday, May 5. For the first quarter, the current consensus estimate calls for earnings of $2.97 per share, which represents 330.4% year-over-year earnings growth. Analysts have also upped earnings estimates by 38% in the past three months. As you know, positive analyst revisions typically precede future earnings surprises. COP is a Conservative buy below $104.

SOM Technicals:

5-1-22: Closed at 95.52. Trade pressures are up. Volumes are bullish. The next target up is 100.57.

5-6-22: Closed at 107.69. Trade pressures are up. Volumes are bullish. The next target up is 108.75.

5-14-22: Closed at 103.78. Trade pressures are up. Volumes are neutral. The next target up is 104.

5-21-22: Closed at 105.02. Trade pressures are down into the neutral zone. Volumes are bullish. The next target down is 100.93.

 

Devon Energy Corporation
Devon Energy Corporation (DVN) was also a new addition to the High-Growth Investments Buy List last month. As a leading energy company in the U.S., Devon Energy focuses primarily on discovering and producing oil and natural gas in the Anadarko Basin, the Delaware Basin, Eagle Ford, the Powder River Basin and the Williston Basin.

In particular, the Delaware Basin has been a highly lucrative operation for the company, as it has about 400,000 net acres and horizontal drilling operations for oil and natural gas. Devon Energy recently added 65 new wells to the Delaware Basin, which is expected to boost production and add to the company’s top and bottom lines in the first quarter.

Devon Energy will announce first-quarter results after the stock market closes on Monday, May 2. First-quarter earnings are expected to surge 291.1% year-over-year to $1.76 per share, while revenue is forecast to jump 116.2% year-over-year to $3.81 billion. Analysts have also upped earnings estimates over the past three months, which bodes well for another quarterly earnings surprise. DVN is a Conservative buy below $63.

SOM Technicals:

5-1-22: Closed at 58.17. Trade pressures are up. Volumes are bearish. The next target down is 55.44.

5-6-22: Closed at 69.69. Trade pressures are up. Volumes are bullish. The next target up is 70.97.

5-14-22: Closed at 68.60. Trade pressures are up. Volumes are bullish. The next target up is 69.75.

5-21-22: Closed at 68.92. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is 73.18.

 

ICL Group Ltd.
ICL Group Ltd. (ICL) is an Israeli company that produces bromine, potash, phosphates and polysulphate, which are vital fertilizers, nutrients and minerals for many agricultural, industrial, horticultural and landscaping businesses. ICL boasts that it’s the number-one producer of bromine worldwide, a top producer of soluble phosphate-based fertilizers and the largest producer of phosphorous-based flame retardants in the West.

The company operates 42 facilities in 13 countries, as well as has 20 research and development centers around the world. We added ICL Group to the Buy List in April as a way to take advantage of the food, agricultural and industrial industries need for fertilizers and other nutrients and minerals from outside of Russia. Robust demand is anticipated to increase its profitability in the first quarter.

ICL Group plans to review results from its first quarter in fiscal year 2022 on May 11. First-quarter earnings are forecast to soar 116.7% year-over-year to $0.13 per share, compared to $0.06 per share in the same quarter a year ago. Analysts’ earnings estimates have also increased by 116.7% in the past three months, so ICL is likely gearing up for a fourth-straight quarterly earnings surprise. ICL is a Moderately Aggressive buy below $12.

SOM Technicals:

5-1-22: Closed at 10.97. Trade pressures are down but turning up. Volumes are bearish. The next target down is 10.61.

5-6-22: Closed at 10.85. Trade pressures are down into the neutral zone. Volumes are now bearish. The next target down is 10.61.

5-13-22: Closed at 11.72. Trade pressures are up. Volumes are bullish. The next target up is 12.00.

5-21-22: Closed at 11.24. Trade pressures are down. Volumes are bearish. The next target down is 10.66.

 

Marathon Oil Corporation
Marathon Oil Corporation (MRO) is making its second-straight appearance on the Top Stocks list after we initially added it to the Buy List in March. The reality is that Marathon Oil continues to benefit in the current environment of high energy prices and robust demand. The company is an energy exploration and production company that operates in Eagle Ford, Bakken, STACK/SCOOP and the Permian Basin.

At the end of 2021, Marathon Oil had proved reserve of 1,106 million barrels of oil equivalent (MMBoe), or a 14% increase over 2020. The company also guided flat year-over-year production of 348,000 barrels of oil equivalent per day for 2022. It will be interesting to see if Marathon Oil ramps up its production target this year to meet rising demand here in the U.S., as well as abroad.

We’ll know more on Wednesday, as Marathon Oil plans to post earnings and revenue from the first quarter after the stock market closes on May 4. The current consensus estimate calls for earnings of $0.92 per share on $1.71 billion in revenue, which represents 338.1% year-over-year earnings growth and 60.9% year-over-year revenue growth. Analysts have upped earnings estimates by 61.4% in the past three months, so a quarterly earnings surprise is likely. MRO is a Conservative buy below $27.

SOM Technicals:

3-26-22: Closed at 26.04. Trade pressures are up. Volumes are bullish. In consolidation. A close below 25.00 would signal lower.

4-2-22: Closed at 25.75. Trade pressures are up inot the neutral zone, Volumes are bullish. The next target up is 26.22, the prior high.

4-10-22: Closed at 25.92. Trade pressures are up. Volumes are bullish. The next target up is 26.40 the prior high.

5-1-22: Closed at 24.92. Trade pressures are up. Volumes are neutral. The next target up is 27.27.

5-6-22: Closed at 28.15. Trade pressures are up. Volumes are bullish. The next target up is 29.00.

5-14-22: Closed at 27.00. Trade pressures are up. Volumes are bullish. The next target up is 27.35.

5-21-22: Closed at 27.26. Trade pressures are down but turning up. Volumes are bullish. The next target up is the 28.44 resistance.

 

 

Nutrien Ltd.
Nutrien Ltd. (NTR) is another fertilizer company that we added to the High-Growth Investments Buy List in the April Monthly Issue. With operations in 13 countries around the world, Nutrien boasts that its products and services are utilized in every major growing region worldwide. The company primarily produces more than 25 million tonnes of potash, phosphate and nitrogen products for its agricultural, feed and industrial customers.

For 2021, Nutrien plans to increase its potash output by nearly one million tonnes this year, which would bring 2022 potash production to about 15 million tonnes. In turn, the company also anticipates that it will achieve adjusted earnings per share between $10.20 and $11.80, which represents 63.7% to 89.4% annual earnings growth.

Given the positive outlook, the analyst community has upped first-quarter earnings estimates by 12% in the past three months. First-quarter earnings are now expected to rise 834.5% year-over-year to $2.71 per share, up from $0.29 per share in the same quarter last year. First-quarter revenue is forecast to come in at $7.62 billion. Nutrien is scheduled to release final first-quarter results after the stock market closes on Monday, May 2. NTR is a Conservative buy below $108.

SOM Technicals:

5-1-22: Closed at 98.25. Trade pressures are rising into the neutral zone. Volumes are bearish. The next target up is 106.70.

5-6-22: Closed at 103.79. Trade pressures are down. Volumes are bullish. The next target down is 100.00

5-14-22: Closed at 98.95. Trade pressures are up. Volumes are bearish. The next target down is 95.00.

5-21-22: Closed at 97.02. Trade pressures are down. Volumes are bearish. The next target down is 91.90.

Navellier Top 5 Stocks for April

CubeSmart

CubeSmart (CUBE) is one of the top self-storage operators in the U.S., with approximately 1,200 locations across the country. Thanks to continuing demand for storage space, CubeSmart is expected to achieve double-digit earnings and sales growth in the first quarter. The current consensus estimate calls for 23.8% year-over-year earnings growth and 36% year-over-year sales growth.

And these strong fundamentals ensure that CubeSmart will continue to reward its shareholders. The company will pay a first-quarter dividend of $0.43 per share on April 18 to all shareholders of record on April 4. That represents a 26.5% increase over the $0.34 per share paid in the first quarter of 2021. The stock has a 3.4% dividend yield. CUBE is a Conservative buy below $54.

SOM Technicals:

12-18-21: Closed at 55.79. Trade pressures are up. Volumes are bullish. The next target up is 56.64.

12-31-21: Closed at 56.91. Trade pressures are up. Volumes are  bullish. The next target up is 59.88.

1-7-22: Closed at 51.20. Trade pressures are down. Volumes are now bearish. The next target down is 50.00

1-14-22: Closed at 51.08. Trade pressures are down.  Volumes are bearish. The next target down is 50.00.

1-21-22: Closed at 50.59. Trade pressures are down but rising. volumes are bearish. The next target down is 48.31.

1-29-22: Closed at 59.92. Trade pressures are down but rising. Volumes are now neutral. The next target down is 45.46.

2-5-22: Closed at 51.16. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is 54.24.

2-12-22: Closed at 50.58. Trade pressures are down. Volumes are bearish. The next target down is 47.82.

2-20-22: Closed at 48.09. Trade pressures are down. Volumes are bearish. The next target down is 45.46.

2-25-22: Closed at 49.73. Trade pressures are now up. Volumes are bullish. The next target up is 52.12.

3-5-22:Closed at 51.27. Trade pressures are up. Volumes are bullish. The next target up is 52.08.

3-19-22: Closed at 50.47. Trade pressures are up. Volumes are bullish. the next target up is 52.08.

3-26-22: Closed at 50.75. Trade pressures are down but rising. Volumes are bullish. The next target up is 52.08.

4-2-22: Closed at 53.27. Trade pressures are up but turning down. Volumes are bullish. The next target up is 57.02.

4-10-22: Closed at 53.45. Trade pressures are up. Volumes are bullish. The next target up is 56.88.

 

Extra Space Storage

Extra Space Storage (EXR) is the second-largest operator of self-storage units in the U.S., and it’s experienced strong new and existing customer growth over the past few years. In fact, the company achieved same-store occupancy of 95.3% in 2021, which was a year-end high for Extra Space Storage.

Company management recently commented that its expecting 2022 to be another “exceptional year” for Extra Space Storage – and based on analysts’ recent earnings revisions, I’d say that they agree. Full-year 2022 earnings are expected to grow 7.7% year-over-year to $5.70 per share and revenue is forecast to increase 12.1% year-over-year to $1.5 billion.

Thanks to the strength of its business, Extra Space Storage also recently increased its dividend by 50%. The company will pay a quarterly dividend of $1.50 per share on March 31 to all shareholders of record on March 15. The stock has a 2.6% dividend yield. EXR is a Conservative buy below $215.

SOM Technicals:

08-26-21: Closed at 183.46. Trade pressures are up. Volumes are bullish. The next target up is 210.40, but at resistance here.

09-04-21: Closed at 193.71. Trade pressures are up. Volumes are bullish. Next target up is 200.32.

09-11-21: Closed at 187.05. Trade pressures are down. Volumes are bearish. The next target down is 181.91.

09-18-21: Closed at 180.12. Trade pressures are down. Volumes are bearish. The next target down is 174.02.

09-26-21: Closed at 172.61. Trade pressures are down. Volumes are bearish. The next target down is 166.05.

10-02-21: Closed at 168.94. Trade pressure are down. Volumes are bearish. At the prior low support, 168.65.

10-09-21: Closed at 171.12. Trade pressures are up. Volumes are bullish. Need a close above the 25×5 MA at 178.29.

10-23-21: Closed at 185.93. Trade pressures are up. Volumes are bullish. The next target up is 188.00.

10-30-21: Closed at 197.37. Trade pressures are up. Volumes are bullish. The next target up is 200.82.

11-06-21: Closed at 194.71. Trade pressures are down into the neutral zone. Volumes are neutral. The next target down is 189.64.

11-13-21: Closed at 187.96. Trade pressures are rising up out of the neutral zone. Volumes are bearish. The next target up is the prior high at 203.99.

11-19-21; Closed at 202.09. Trade pressures are up. Volumes are now bearish. 197.58 starts a new move down.

11-28-21: Closed at 198.79. Trade pressures are down. Volumes are bearish. The next target down is 190.39.

12-03-21: Closed at 201.48. Trade pressures are up. Volumes are bullish. The next target up is the prior high at 207.56.

12-10-21: Closed at 208.71. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is 211.20.

12-17-21: Closed at 215.15. Trade pressures are up. Volumes are bullish. The next target up is 220.42.

12-31-21: Closed at 226.73. Trade pressures are up. Volumes are bullish. The next target up is 254.08.

1-7-22: Closed at 208.45. Trade pressures are down. Volumes are bearish. The next target down is 200.14.

1-14-22: Closed at 203.61. Trade pressures are down. Volumes are bearish. The next target down is 182.40.

1-21-22: Closed at 195.48. Trade pressures are down. Volumes reman bearish. The next target down is 182.40.

1-29-22: Closed at 196.91. Trade pressures are down but rising. Volumes are now bullish. The next target down is 182.40.

2-5-22: Closed at 201.46. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is 218.15.

2-12-22: Closed at 196.92. Trade pressures are down. Volumes are bearish. The next target down is 193.32.

2-20-22: Closed at 187.46. Trade pressures are down. Volumes are bearish. The next target down is 183.62.

2-25-22: Closed at 194.18. Trade pressures are up. Volumes are bullish. The next target up is 206.69.

3-5-22: Closed at 200.89. Trade pressures are up. Volumes are bullish. The next target up is 206.89.

3-19-22: Closed at 194.42. Trade pressures are up. Volumes are bearish. The next target down is 186.14.

3-26-22: Closed at 197.56. Trade pressures are up. Volumes are bullish. The next target up is 206.69.

4-2-22: Closed at 209.57. Trade pressures are up but turning down. Volumes are neutral. The next target up is 214.11.

4-10-22: Closed at 213.71. Trade pressures are up. Volumes are bullish. The  next target up is 214.11.

 

Fortinet, Inc.

Fortinet, Inc. (FTNT) 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 1,250 issued patents and 251 pending patents.

Given that many businesses are upgrading their cybersecurity systems, Fortinet is expected to continue to achieve strong results in 2022. The current consensus estimate calls for 24.1% annual earnings growth and 28.6% annual revenue growth in fiscal year 2022. Full-year earnings estimates have also been revised nicely higher in the past three months. FTNT is a Conservative buy below $361.

SOM Technicals:

1-29-22: Closed at 282.16. Trade pressures are down. Volumes are now bullish. A close above 283.47 would signal higher.

2-5-22: Closed at 314.33. Trade pressures are up but declining. Volumes are bullish. The next target up is resistance at 321.78.

2-12-22: Closed at 310.27. Trade pressures are don into the neutral zone. Volumes are now neutral. Support is 290.00 at the 200 day MA. 

2-20-22: Closed at 304.85. Trade pressures are down. Volumes are bearish. The next target down is 288.33

3-26-22: Re-added. Closed at 332.73. Trade pressures are up. Volumes are bullish. The next target up is 351.52.

4-2-22: Closed at 339.01. Trade pressures are up but turning down. Volumes are neutral. The next target up is 352.98, the prior high.

4-10-22: Closed at 335.83. Trade pressures are down but rising. Volumes are bearish. The next target down  is 325.75.

 

Marathon Oil Corporation

Marathon Oil Corporation (MRO) is benefiting from rising crude oil prices, as it’s a U.S.-based energy exploration and production company. The company operates in the top four oil-producing basins in the U.S.: Eagle Ford, Bakken, STACK/SCOOP and the Permian Basin. At the end of 2021, Marathon Oil had proved reserves of 1,106 million barrels of oil equivalent per day, or a 14% year-over-year increase.

For the first quarter, the analyst community has continued to increase earnings and sales estimates: Earnings are now forecast to surge 266.7% year-over-year to $0.77 per share, up from previous estimates for $0.58 per share just three months ago. First-quarter sales are expected to increase 53.5% year-over-year to $1.63 billion. MRO is a Moderately Aggressive buy below $29.

SOM Technicals:

3-26-22: Closed at 26.04. Trade pressures are up. Volumes are bullish. In consolidation. A close below 25.00 would signal lower.

4-2-22: Closed at 25.75. Trade pressures are up inot the neutral zone, Volumes are bullish. The next target up is 26.22, the prior high.

4-10-22: Closed at 25.92. Trade pressures are up. Volumes are bullish. The next target up is 26.40 the prior high.

 

ZIM Integrated Shipping

ZIM Integrated Shipping (ZIM) is one of the leading containership operators in the world, with a fleet of more than 110 vessels that serve more than 300 ports of call and more than 100 countries. The company’s ships operate out of the five major shipping routes and serve more than 30,000 customers globally. Inflation and port bottlenecks are also driving up shipping costs – and that’s set to add to ZIM’s top and bottom lines.

First-quarter earnings are anticipated to soar 142.4% year-over-year to $12.53 per share, while revenue is expected to jump 114.8% year-over-year to $3.47 billion. That compares to earnings of $5.17 per share and revenue of $1.62 billion in the first quarter of 2021. Earnings estimates have also increased 57% in the past two months, so a fifth-straight quarterly earnings surprise is likely. ZIM is a Moderately Aggressive buy below $80.

SOM Technicals:

3-26-22: Closed at 68.40. Trade pressures are down hard. Volumes are bearish. The next target down is 65.55.

4-2-22: Closed at 71.38. Trade pressures are down into the neutral zone. Volumes are bearish. The next target down is 65.55.

4-10-22: Closed at 57.78. Trade pressures are down. Volumes are bearish. The next target down is 55.16.

 

S&P 500 Futures_

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is in the sharp rally higher. Gold and Silver both are retesting the recent highs.

Crude oil is moving sharply higher with the Russian invasion of Ukraine. Natural gas is recovering from the early February sell off.

The US 30 Year Treasury is meeting resistance at the 200 day MA.

The US Dollar futures are reaching for the 89.13 target.

___________________

S&P 500 futures_

Monthly – Retracing the move up. Trade pressures are up but moving down. Volumes closed the month of February as neutral. The next target up is 5018. A close below the 4252 level would confirm the move down in the weekly.

Weekly – In the move down from the 4505 short entry. Trade pressures are down. Volumes are bearish. The next target down is 4059. A close above 4485 would confirm any daily move higher.

Daily – In the first leg up off the spike low of Feb 24th, the Russian invasion of Ukraine. Trade pressures are up but declining. Volumes are now neutral. The next target up is 4474. A close below 4305 would signal a retest of the lows.

____________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins each year at $100,000. The Top 5 Growth stocks are tracked throughout each year. This portfolio is marked to the market and is restarted at $100,000 for the 2022 year.

The portfolio stocks closed up 39% for the 2021 Year.

This week was down after the market chop to approximately $81,000. The Year-to-Date portfolio performance is now down 19%.

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

Navellier Top 5 Stocks for March

The following is provided by Navellier with technical comment from South Ocean Management – pls do your own due diligence.

(For this 2022 year, SOM will track the Top 5 Hi-Growth Investments.)

https://navelliergrowth.investorplace.com/

High-Growth Investments

CubeSmart

CubeSmart (CUBE) manages about 1,200 self-storage locations in the U.S., which makes it one of the top three self-storage providers in the country. At the end of 2021, CubeSmart had 44.2 million square feet of rentable space at its 651 third-party managed stores and 35.5 million square feet at its 607 stores. And its units were 93.3% occupied.

Thanks to the strong occupancy rate and performance across its portfolio, CubeSmart reported full-year 2021 earnings of $223.5 million, or $1.09 per share, which was up from $165.6 million, or $0.85 per share, in 2020. Full-year FFO grew 22.7% year-over-year to $2.11 per share, compared to $1.72 per share in 2020.

Company management stated, “We closed out a remarkable 2021 with continued execution across all of our strategic growth objectives … We are confident that 2022 will be another excellent year for our industry and our company.”

For fiscal year 2022, CubeSmart expects earnings per share between $0.98 and $1.05 and FFO per share between $2.35 and $2.42. And for the first quarter, earnings per share are forecast to be between $0.20 and $0.22, while FFO per share is expected to be between $0.56 and $0.58. CUBE is a Conservative buy below $53.

SOM Technicals:

12-18-21: Closed at 55.79. Trade pressures are up. Volumes are bullish. The next target up is 56.64.

12-31-21: Closed at 56.91. Trade pressures are up. Volumes are  bullish. The next target up is 59.88.

1-7-22: Closed at 51.20. Trade pressures are down. Volumes are now bearish. The next target down is 50.00

1-14-22: Closed at 51.08. Trade pressures are down.  Volumes are bearish. The next target down is 50.00.

1-21-22: Closed at 50.59. Trade pressures are down but rising. volumes are bearish. The next target down is 48.31.

1-29-22: Closed at 59.92. Trade pressures are down but rising. Volumes are now neutral. The next target down is 45.46.

2-5-22: Closed at 51.16. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is 54.24.

2-12-22: Closed at 50.58. Trade pressures are down. Volumes are bearish. The next target down is 47.82.

2-20-22: Closed at 48.09. Trade pressures are down. Volumes are bearish. The next target down is 45.46.

2-25-22: Closed at 49.73. Trade pressures are now up. Volumes are bullish. The next target up is 52.12.

3-5-22:Closed at 51.27. Trade pressures are up. Volumes are bullish. The next target up is 52.08.

3-19-22: Closed at 50.47. Trade pressures are up. Volumes arebullish. the next target up is 52.08.

 

Endava plc

Endava plc (DAVA) is a technology services company that offers several capabilities, including business analysis, data and analytics, program management, machine learning and artificial intelligence (AI), extended reality, product design, automated testing, cloud native software engineering, cloud infrastructure, and much, much more! The company has benefited from strong demand for digital transformation services, as evidenced by its recent results.

During its second quarter in fiscal year 2022, revenue jumped 49.8% year-over-year to 157.7 million pounds, and adjusted earnings increased 61.6% year-over-year to 26.5 million pounds. Adjusted earnings per share rose 58.6% year-over-year to 0.46 pounds, topping estimates for 0.43 pounds.

For the third quarter, Endava expects year-over-year revenue growth between 44% and 45%. Third-quarter adjusted earnings per share are forecast to be between 0.42 and 0.44 pounds, up from 0.39 pounds in the same quarter a year ago. DAVA is a Moderately Aggressive buy below $147.

SOM Technicals:

11-20-21: Closed at 155.76. Trade pressures are down. Volumes are bearish. The next target down is 142.70.

11-28-21: Closed at 151.48. Trade pressures are down. Volumes are bearish. The next target down is 142.79.

12-03-21: Closed at 140.02. Trade pressures are down. Volumes are bearish. The next target down is 124.48.

12-10-21: Closed at 149.69. Trade pressures are down. Volumes are bullish. The next target up is 163.69.

12-17-21: Closed at 148.04. Trade pressures are now up. Volumes are bullish. The next long entry trigger up is 149.05.

12-31-21: Closed at 167.92. Trade pressures are up but turning down. Volumes are bullish. The next target up is 170.59.

1-7-22: Closed at 129.22. Trade pressures are down. Volumes are bearish. The next target down is 124.48.

1-14-22: Closed at 129.44. Trade pressures are down but rising. Volumes are bearish. The next target up is 139.86; the trigger for the long entry.

1-21-22: Closed at 112.44. Trade pressures are down. Volumes are bearish. At support. The European stocks are less damaged.

2-25-22 Re-added. Closed at 132.17. Trade pressures are up. Volumes are now neutral. The next target up is 134.17.

3-5-22: Closed at 100.47. Trade pressures are down. Volumes are bearish. The next target down is 96.62.

3-19-22: Closed at 128.47. Trade pressures are up. Volumes are bullish. The next target up is 130.14.

 

Extra Space Storage

Extra Space Storage (EXR), one of our other self-storage plays, manages more than 2,000 Extra Space Storage-branded locations in the U.S. That makes it the second-largest operator of self-storage units in the country – and its business has been booming. On Wednesday afternoon, Extra Space Storage crushed analysts’ expectations for the fourth quarter, thanks to an “exceptional” performance of high occupancy and strong pricing power.

Fourth-quarter earnings soared 72% year-over-year to $268.43 million, or $2.00 per share, up from $156.06 million, or $1.19 per share, in the same quarter a year ago. Analysts estimates called for fourth-quarter earnings of $1.40 per share, so Extra Space Storage posted a stunning 42.9% earnings surprise.

For its fiscal year, Extra Space Storage achieved earnings of $827.65 million, or $6.19 per share, which represented 71.8% annual earnings growth. Analysts were only expecting full-year earnings of $5.27 per share.

I should add that as a real estate investment trust (REIT), Extra Space Storage also continues to reward its shareholders. It recently announced that it upped its quarterly dividend by 50% year-over-year. The new first-quarter dividend of $1.50 per share will be paid on March 31 to all shareholders of record on March 15. The stock has a 2.7% dividend yield. EXR is a Conservative buy below $208.

SOM Technicals:

08-26-21: Closed at 183.46. Trade pressures are up. Volumes are bullish. The next target up is 210.40, but at resistance here.

09-04-21: Closed at 193.71. Trade pressures are up. Volumes are bullish. Next target up is 200.32.

09-11-21: Closed at 187.05. Trade pressures are down. Volumes are bearish. The next target down is 181.91.

09-18-21: Closed at 180.12. Trade pressures are down. Volumes are bearish. The next target down is 174.02.

09-26-21: Closed at 172.61. Trade pressures are down. Volumes are bearish. The next target down is 166.05.

10-02-21: Closed at 168.94. Trade pressure are down. Volumes are bearish. At the prior low support, 168.65.

10-09-21: Closed at 171.12. Trade pressures are up. Volumes are bullish. Need a close above the 25×5 MA at 178.29.

10-23-21: Closed at 185.93. Trade pressures are up. Volumes are bullish. The next target up is 188.00.

10-30-21: Closed at 197.37. Trade pressures are up. Volumes are bullish. The next target up is 200.82.

11-06-21: Closed at 194.71. Trade pressures are down into the neutral zone. Volumes are neutral. The next target down is 189.64.

11-13-21: Closed at 187.96. Trade pressures are rising up out of the neutral zone. Volumes are bearish. The next target up is the prior high at 203.99.

11-19-21; Closed at 202.09. Trade pressures are up. Volumes are now bearish. 197.58 starts a new move down.

11-28-21: Closed at 198.79. Trade pressures are down. Volumes are bearish. The next target down is 190.39.

12-03-21: Closed at 201.48. Trade pressures are up. Volumes are bullish. The next target up is the prior high at 207.56.

12-10-21: Closed at 208.71. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is 211.20.

12-17-21: Closed at 215.15. Trade pressures are up. Volumes are bullish. The next target up is 220.42.

12-31-21: Closed at 226.73. Trade pressures are up. Volumes are bullish. The next target up is 254.08.

1-7-22: Closed at 208.45. Trade pressures are down. Volumes are bearish. The next target down is 200.14.

1-14-22: Closed at 203.61. Trade pressures are down. Volumes are bearish. The next target down is 182.40.

1-21-22: Closed at 195.48. Trade pressures are down. Volumes reman bearish. The next target down is 182.40.

1-29-22: Closed at 196.91. Trade pressures are down but rising. Volumes are now bullish. The next target down is 182.40.

2-5-22: Closed at 201.46. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is 218.15.

2-12-22: Closed at 196.92. Trade pressures are down. Volumes are bearish. The next target down is 193.32.

2-20-22: Closed at 187.46. Trade pressures are down. Volumes are bearish. The next target down is 183.62.

2-25-22: Closed at 194.18. Trade pressures are up. Volumes are bullish. The next target up is 206.69.

3-5-22: Closed at 200.89. Trade pressures are up. Volumes are bullish. The next target up is 206.89.

3-19-22: Closed at 194.42. Trade pressures are up. Volumes are bearish. The next target down is 186.14.

 

Ford Motor Company

Ford Motor Company (F), one of the big three auto manufacturers in the U.S., is starting to make a name for itself in electric vehicle (EV) circles. In 2021, Ford became the number-two seller of EVs in the U.S., and the company is committed to boosting EV production to 600,000 vehicles by 2023. EVs are expected to account for at least 40% of all vehicle production by 2030.

Ford noted that it already has more than 275,000 reservations for its line of EVs, which includes the Mustang Mach-E SUVs, the F-150 Lightning pickup truck and E-Transit commercial vehicles.

In addition to its EVs, Ford’s new Bronco and Maverick pickup truck, which were named the North American SUV and truck of the year in 2021, respectively, experienced strong demand in the fourth quarter. As a result, Ford slipped into the number-one spot as the top-selling auto manufacturer in the U.S. last year.

Overall, Ford achieved 8.9% annual revenue growth and 341.7% annual earnings growth in its fiscal year 2021. With 2022 marking the first full year of production for the Bronco and Maverick, as well as continuing demand for the F-150 Lightning and Mustang Mach-E, Ford expects 2022 to be another successful year for the company. F is a Conservative buy below $20.

SOM Technicals:

12-18-21: Closed at 19.77. Trade pressures are down. Volumes are bearish. The next target down is 18.97.

12-31-21: Closed at 20.77. Trade pressures are up but declining. Volumes are bullish. The next target down is 18.97.

1-7-22: Closed at 24.44. Trade pressures are up. Volumes are neutral. The next target up is 26.20.

1-14-22: Closed at 25.19. Trade pressures are up. Volumes are bullish. The next target up is 26.45.

1-21-22: Closed at 20.65. Trade pressures are down. Volumes are bearish. The next target down is 19.27.

1-29-22: Closed at 19.54. Trade pressures are down. Volumes are bearish. The next target down is the 200 day MA at 15.96.

2-5-22: Closed at 17.96. Trade pressures are down. Volumes are neutral. The next target down is the 200 day MA at 16.16.

2-12-22: Closed at 17.56. Trade pressures are down but rising. Volumes are bearish. The next target down is 17.02.

2-20-22: Closed at 18.04. Trade pressures are rising into the neutral zone. Volumes are bullish. The next target up is 20.39.

2-25-22: Closed at 17.83. Trade pressures are up. Volumes are now neutral. The next target up is 19.33.

3-5-22: Closed at 16.85. Trade pressures are down. Volumes are bearish. The next target down is 15.96.

3-19-22: Closed at 16.86. Trade pressures are up. Volumes are bullish. The next target up is 18.88.

 

TFI International, Inc.

TFI International, Inc. (TFII) is primarily a transportation and logistics services company that’s based in Canada but has a network that covers more than 80 North American cities. The company has more than 560 facilities, more than 80 operating companies and more than 14,800 drivers – all dedicated to providing the logistics and transport services necessary to keep freight moving across North America.

We added TFII to the High-Growth Investments Buy List back in November, as the company’s business has been booming amidst the port bottlenecks and supply chain disruptions. In fact, TFII achieved 58.5% annual earnings growth and 91% annual revenue growth in fiscal year 2021.

In the wake of these stunning results, the analyst community has increased earnings estimates for the first two quarters of 2022, as well as for full-year 2022. For fiscal year 2022, the company is now expected to report 19.9% annual earnings growth and 15% annual revenue growth. TFII is a Conservative buy below $115.

SOM Technicals:

1-29-22: Closed at 94.06. Trade pressures are down. volumes are bearish. at support. A close above 95.90 would signal higher.

2-5-22: Closed at 98.33. Trade pressures are down. Volumes are now neutral. The next target up is 101.22.

2-12-22: Closed at 107.07. Trade pressures are up  but rolling over. Volumes are bullish. The next target up is 111.88.

2-20-22: Closed at 102.28. Trade pressures are down. Volumes are now neutral. The next target down is 98.04.

2-25-22: Closed at 103.45. Trade pressures are up. Volumes are bullish. The next target up is 111.88.

3-5-22: Closed at 103.25. Trade pressures are down. Volumes are bearish. The next target down is 94.88.

3-19-22: Closed at 107.38. Trade pressures are up. Volu mes are bullish. The next target up is 111.05.

 

S&P 500 Futures

#emini #spfutures #SP500 #ES
Market Pressures:

Copper is consolidation in the long trade. Gold is long and has made a nice move. Silver is also long but missed the long entry.

Crude oil is showing a short, but volumes say bullish. Natural gas is trending up.

The US 30 year Treasury is now a new long.

The US Dollar futures are in the move down but with upward pressures.

_______________________

S&P 500 Futures_

Monthly – In the move down from the 4808 all time high. Trade pressures are up but turning down. Volumes closed the month of January as bearish. The next target up is 5018. A close below  4252 would confirm any weekly move lower.

Weekly – In the move down from the 4505 short entry. Trade pressures are down. Volumes are bearish. The next target down is 4202 which was touched 4 weeks ago. A close above 4596 would confirm any daily move higher.

Daily – In the move down from the 4445 short entry. Trade pressures are neutral to down. Volumes are bearish. The next target down is 4288. A close above 4408 would signal higher.

____________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins each year at $100,000. The Top 5 Growth stocks are tracked throughout each year. This portfolio is marked to the market and is restarted at $100,000 for the 2022 year.

The portfolio stocks closed up 39% for the 2021 Year.  This last week in 2022 was down 3% to approximately $82,000. The Year-to-Date portfolio performance is now down 15%.

 

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

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is in a new move up after a retracement. Gold has triggered a second leg up. Silver is in a new long trade.

Crude oil is still in the move up. Natural gas is looking still lower.

The US 30 year Treasury is down to the target and may be setting up for a new move up.

The US Dollar futures headed higher once again. Acting as a safe haven trade against the equity volatility.

______________________

S&P 500 Futures_

Monthly – Retracing the move move from April 2020. Trade pressures are up. Volumes closed the month of January 2022 as bearish. The next target up is still 5018. A close below 4242 would confirm any weekly move lower.

Weekly – In the January move down from the 4505 short entry. Trade pressures are down. Volumes are bearish. The next target down is 4202. A close above 4596 would confirm any daily move higher.

Daily – Lower highs. Still in the move down from the highs after a 62%. Trade pressures are now down into the neutral zone. Volumes are bearish. A retest of the 4288 lows seems likely. The next target down is 4288. A close above 4481 would signal higher.

____________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins each year at $100,000. The Top 5 Growth stocks are tracked throughout each year. This portfolio is marked to the market and is restarted at $100,000 for the 2022 year.

The portfolio stocks closed up 39% for the 2021 Year.  This last week in 2022 was up 1% to approximately $85,000. The Year-to-Date portfolio performance is now down 15%.

 

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