Category: Public

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.]

 

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is in consolidation around the 200 day MA. Gold is short but very near important support. Silver looks weak.

Crude oil breaking out of the channel to new highs. Natural gas is back into a short and about to test the 200 day MA.

US 30 year Treasuries are down but could have a bounce.

US Dollar futures are  down and expect a test of the 94 support.

____________________

S&P 500 Futures_

Monthly – Backtesting the September and October 2021 lows. Trade pressures are up but continue to decline. Volumes close the month of January 2022 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 confirmation. Trade pressures are down. Volumes are now neutral. The next target down is 4059. A close above 4596 would confirm any daily move higher.

Daily – In a retracement down of the late January move up off the 4212 low. Trade pressures are up. Volumes are bullish. The next target down is 4445 which would restart a short trade. A close above 4526 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 2% to approximately $84,000. The Year-to-Date portfolio performance is now down 16%.

 

[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 has begun a new move down. Gold and Silver are retracing from the 200 day resistance levels.

Crude oil is reaching for 90, but showing some divergences. Natural gas is breaking out of the 3.50 consolidation.

The US 30 year Treasury bond is in a new move up.

The US Dollar futures are in a new move up.

______________________

S&P 500 Futures_

Monthly – 22 months of a rising market since the Pandemic sell-off. Trade pressures are up but declining. Volumes closed the month of December as bullish. The next target up remains 5018. A close below 3252 would confirm any weekly move lower.

Weekly – Still in the move up from the November 2020 entry at 3499. Trade pressures are down into the neutral zone. Volumes are now bullish. The next target down is 4202. A close above 4596 would confirm any Daily move higher.

Daily – Flat. Completed the move down from 4720 to the extended target at 4207. Trade pressures are down. Volumes are now neutral suggesting some accumulation. The next target down is 4148. The close above 4343 on Friday signals higher. Wide ranging days increase the trading risk dramatically. Go down time frames and trade breakouts with proper stops so the momentum is in your favor.

____________________

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 hard to approximately $82,000. The Year-to-Date portfolio performance is now down 18%.

Endava Plc (DAVA) and Crocs Inc. (CROX) will be replaced by Fortinet (FTNT) and TFII International, Inc. (TFII) at the open on Monday.

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

Navellier Top 5 Stocks for February

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), as we discussed earlier, operates in the self-storage industry. With approximately 1,200 locations in the U.S., CubeSmart is one of the top three providers of self-storage units in the country. It offers everything from temperature-controlled units and personal vehicle storage to warehouse storage solutions for businesses.

At the end of the third quarter 2021, CubeSmart had 706 third-party managed stores, with 47.8 million square feet, and 507 stores, with 35.5 million rentable feet. Its occupancy rate was nearly 95%. And thanks to the “strong performance” across its portfolio, CubeSmart increased its outlook for fiscal year 2021. Full-year earnings per share are forecast to be between $1.30 and $1.31, up from previous estimates for earnings per share between $0.93 to $0.97.

For the fourth quarter, CubeSmart also noted that it expects earnings per share between $0.42 and $0.43. What’s interesting is that the analyst community didn’t increase its estimates after the positive outlook. The consensus estimate only calls for fourth-quarter earnings of $0.24 per share. So, it looks like CubeSmart is gearing up for another quarterly earnings surprise.

CubeSmart is expected to release fourth-quarter and full-year results in late February. In the meantime, 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.

 

Extra Space Storage

Extra Space Storage (EXR) is another play on the booming self-storage industry. It is actually the second-largest operator of self-storage units in the U.S., with more than 2,000 Extra Space Storage branded locations. It offers a variety storage options, including units for vehicles, RVs and boats, as well as business storage and climate-controlled units.

During the first nine months of 2021, Extra Space Storage achieved “record-setting occupancy and exceptionally strong rental rates.” As a result, earnings jumped 67.6% year-over-year to $4.19 per share, compared to the first nine months of 2020. Funds From Operations (FFO) also rose 32.3% year-over-year to $5.00 per share.

Extra Space Storage is scheduled to release results for its fourth quarter and fiscal year 2021 after the closing bell on February 23. Fourth-quarter earnings are expected to grow 17.6% year-over-year to $1.40 per share, up from $1.19 per share in the same quarter a year ago. Analysts have also increased fourth-quarter estimates over the past three months, so a fifth-straight quarterly earnings surprise is likely.

For its full-year 2021, earnings are forecast to rise 42% year-over-year to $5.27 per share, compared to $3.71 per share in 2020. 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.

 

Ford Motor Company

Ford Motor Company (F) continues to be one of my top picks for the electric vehicle  revolution. The auto maker has been in business for more than 115 years, and it’s dedicated to staying at the forefront of vehicle evolution. The company’s foray into EVs has been a strategic and spectacular decision, as Ford continues to see increasing demand for its top models.

In fact, Ford announced earlier this week that it has more than 10,000 orders for its E-Transit van, with more than 1,000 orders coming from Walmart. The company recently started production on the vans, and it anticipates the vehicle will be delivered to customers soon. Ford also has approximately 200,000 reservations for the F-150 Lightning – and those reservations are converting to orders.

Ford is boosting its manufacturing capacity in order to keep up with demand for its EVs and other leading models, as it recently had to halt reservations for not only its F-150 Lightning but also its new Maverick pickup truck. Still, Ford anticipates that EV capacity could reach 600,000 vehicles in less than two years, which CEO Jim Farley stated should put Ford as “number-two in electric.”

Ford plans to post fourth-quarter and full-year results after the stock market closes on Thursday, February 3. The current consensus estimate calls for earnings of $0.42 per share on $35.77 billion in revenue, which represents 23.5% year-over-year earnings growth and 7.7% year-over-year revenue growth.

I should add that earnings estimates have been revised steadily higher over the past three months, which bodes well for another quarterly earnings surprise. Ford has posted a whopping 383% earnings surprise on average in the past four quarters. F is a Moderately Aggressive buy below $21.

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.

 

Fortinet, Inc.

Fortinet, Inc. (FTNT) was one of our additions to the High-Growth Investments Buy List in the January Monthly Issue. If you recall, Fortinet operates in the lucrative cybersecurity space, as it provides unified security solutions that can be deployed over digital networks to protect users against malware, spam and network intrusions.

Cybersecurity stepped front and center over the past two years, as data breaches escalated with more folks working remotely. In fact, the IBM Cost of a Data Breach Report 2021 revealed that the average cost of a data breach was between $3.86 million and $4.24 million on an annualized basis in 2021. And the average cost was $1.07 million higher when remote work was involved.

Needless to say, Fortinet’s services and products have been in top demand as individuals and businesses upgrade their security efforts. And we don’t have to wait long to see how much this increase in demand added to the company’s top and bottom lines. Fortinet is scheduled to announce fourth-quarter results after the stock market closes on Thursday, February 3.

The analyst community is looking for earnings of $1.15 per share on $958.28 million in revenue, which is up from earnings of $1.06 per share and revenue of $748 million in the fourth quarter of 2020. Analysts’ earnings estimates have remained steady over the past few months, but Fortinet does have a history of posting positive earnings surprises. FTNT is a Conservative buy below $297.

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.

 

TFI International, Inc.

TFI International, Inc. (TFII) is a Canadian-based provider of transportation and logistics services, with a network that covers more than 80 North American cities. The company boasts more than 560 facilities, more than 80 operating companies and more than 14,100 drivers – all dedicated to providing the logistics and transport services necessary to keep freight moving across North America.

Amidst the supply chain disruptions, port bottlenecks and shortage of truck drivers, TFI International’s services have been top demand. During the first nine months of 2021, the company achieved total revenue of $5.08 billion and adjusted earnings of $349.7 million, which represented 91% year-over-year revenue growth and 69.5% year-over-year earnings growth.

TFI International will report fourth-quarter and full-year 2021 results after the stock market closes on Monday, February 7. Fourth-quarter adjusted earnings are expected to grow 23.5% year-over-year to $1.21 per share, up from $0.98 per share in the fourth quarter of 2020. Full-year 2021 earnings are forecast to increase 43.6% year-over-year to $4.74 per share, compared to $3.30 per share in 2020. TFII is a Moderately Aggressive buy below $103.

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.