#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.]

 

#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.]

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.

 

#emini #spfutures #SP500 #ES

Market Pressures:

Copper consolidating after a move to 4.60. Gold now in a second leg up. Silver in a nice move up after backtesting the prior resistance line.

Oil Is setting new highs. Look for some consolidation here. Nat Gas has moved down to old support levels, look for a new long entry.

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

The US Dollar futures are in a move down from the 96 level. 93.15 is the 200 day MA.

____________________

S&P 500 Futures_

Monthly – Traded below the prior month low. Trade pressures are up but declining. Volumes closed the December month as bullish. The next target up is 5010. A close below 4252 and the prior low pivot would confirm any weekly move lower.

Weekly – In the new move down from 4505. Trade pressures are down into the neutral zone. Volumes are bearish. The next target down is 4202. A close back above 4789 would confirm any Daily move higher.

Daily – Flat. In the move down form the 4720 short  entry on Jan 5th. Trade pressures are down. Volumes remain bearish. The 4578 target was immediate, then three hard down days thru the 4437 extended target to close at 4381; now down 427 S&P points. A close back above 4512 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 hard to approximately $87,000. The Year-to-Date portfolio performance is now down 13%.

 

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

#emini #spfutures #SP500 #ES

Market Pressures:

Copper breaks out and immediately falls back to the breakout point. Gold is in the  move up but struggling. Silver is new long.

Crude Oil is at new highs, expect consolidation. Nat gas tried to breakout, but failed.

The US 30 year Treasury is poised for a new long entry.

The US Dollar futures are in the move down, but looking at a retracement up. Should be long in a declining growth environments.

____________________

S&P 500 Futures_

Monthly – Off the highs. Trade pressures are up but declining. Volumes closed the month of December as bullish. The next target up is 5018. A close below 4232 would confirm any weekly move lower.

Weekly – Still in the November 202 move up from the 3499 long entry. Trade pressures are up but declining. Volumes are bearish. The next target up is 5473. A close below 4505 would confirm any Daily move lower.

Daily –  Flat. In the move down from the 4720 short entry. Trade pressures are up into the neutral zone. Volumes are bullish. the next target down is 4578. A close above 4670 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 mixed-to-down to approximately $95,000. The Year-to-Date portfolio performance is now down 5%.

 

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

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is pulling back in the move up. Gold and Silver are the same, looking for a new long entry.

Crude oil is extended to the upside. Natural gas is tempting the longs.

The US 30 Year Treasury is down hard, impacting the growth stocks. Yields backing off would be the next surprise.

The US Dollar futures are down near support.

________________________

S&P 500 Futures_

Monthly – Another new high. Trade pressures are up but declining. Volumes are closed the month of December as bullish. The next target up is 5018. A close below 4252 would confirm any weekly move lower.

Weekly  – In the move up from the November 2020 entry at 3499. Trade pressures are up but showing divergence. Volumes are bearish. The next target up is 5473. A close below 4522 would confirm any Daily move lower.

Daily – Short in the move down from the 4720 level. Trade pressures are down. Volumes are bearish. The next target down is 4622, which is also at a long term resistance line. A close above 4692 would signal higher and also act as the SL.

[1-10-22: Close the short at 4616.]

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is in a long trade as is June gold. Silver rallied to a profit target, now looking for a pullback to re-enter.

Crude oil is extended expect some selling. Nat Gas is in consolidation.

The US 30 year Treasury is in a move down but without conviction.

The US Dollar futures are showing lower.

_____________________

S&P 500 Futures_

Monthly – Continues the move up from the 2020 Covid lows. Trade pressures are up but declining. Volumes closed the month of December as bullish. The next target up is 5018. A close below 4243 would confirm any weekly move lower.

Weekly – In the November 2020 move up from the 3499 long entry. Trade pressures are up but showing divergence. Volumes are bullish. The next target up is 5473. A close below 4440 would confirm any Daily move lower.

Daily – After the move down to the 4567 target and below, the 12/22 4682 long entry has taken the S&P to the 4702 upside target. Trade pressures are up. Volumes remain bullish. The next target up is 4936. A close below 4716 would signal lower.

[1-5-22: Closed below the 4720 short entry. The next target down is 4622. SL is the 4728 retracement target.]

____________________

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 rallied 4% these last two weeks to approximately 139,000, now up 39% for the 2021 Year.  The portfolio had a brief touch of the $150,000 value in early March 2021, then a low of $100,000 a few weeks later, and rose once again above 50% in early September and now up 39% for the 2021year.

The Top 5 Stocks will reset at the open on Monday.

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

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is in the downtrend needing a close above 4.32. Gold and silver now longs.

Crude Oil is long but at resistance. Natural gas is short but near a downside target.

The US 30YR T-Bond is trending higher, but resistance at 164.

The US Dollar futures are trending higher to the 96.89 target.

____________________

S&P 500 Futures_

Monthly – Spiked to new high. Trade pressures are up but rolling over. Volumes closed the month of November as bullish. The next target up is 5018. A close below 4187 would confirm any weekly move lower.

Weekly – In the consolidation around the 4600 level. Trade pressures are up but declining. Volumes are bearish. The next target up is 5473. A close below 4430 would confirm any Daily move lower.

Daily – Short in the short trade from the 4660 short entry. Trade pressures are down. Volumes are bearish. The next target down is 4567. A close above 4682 would reestablish the uptrend.

____________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins the year at $100,000. Only the Top 5 Growth stocks will be tracked this 2021 year. This portfolio has been marked to the market and restarted at $100,000 for the 2021 year.

The portfolio stocks turned back down to approximately 135,000, now up 35% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March 2021, then a low of $100,000 a few weeks later, and rose once again above 50% in early September and now in the year end chop..

EPAM Systems (EPAM) and TFII International (TFII) will be replaced by CubeSmart (CUBE) and Ford Motor Company (F) at the open on Monday.

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

The following is provided by Navellier with technical comment from South Ocean Management – pls do your own due diligence.
(For this 2021 year, SOM will track only the Top 5 Hi-Growth Investments.)

https://navelliergrowth.investorplace.com/

High-Growth Investments

Crocs, Inc.

Crocs, Inc. (CROX) has posted a double-digit earnings surprise in each of the last four quarters, averaging a 43.5% earnings surprise. Given that the analyst community has increased earnings estimates by nearly 16% in the past three months, CROX may be gearing up for its fifth-straight quarterly earnings surprise.

The reality is that Crocs provides wildly popular footwear, from its well-known, massaging clogs to sandals, slides, loafers, sneakers, flip flops and wedges. In the most recent quarter, Crocs achieved 73% year-over-year revenue growth and 162.8% year-over-year earnings growth. Earnings per share of $2.47 topped analysts’ estimates for $1.88 per share by 31.4%.

The exceptional third-quarter results inspired not only Crocs to increase its outlook, but also ignited a flurry of positive revisions from the analyst community. For the fourth quarter, analysts expect revenue to rise 36.3% year-over-year to $560.71 million and for earnings to grow 31.1% year-over-year to $1.39 per share. CROX is a Conservative buy below $147.

SOM Technicals:

10-30-21: Closed at 162.00 Trade pressures are down but rising into the neutral zone. Volumes are now neutral. The next target up is 175.12.

11-06-21: Closed at 180.17. Trade pressures are up. Volumes are bullish. the next target up is 197.37.

11-12-21: Closed at 180.57. Trade pressures are down into the neutral zone. Volumes are bullish. A close below 173.34 signals lower.

11-19-21: Closed at 175.50. Trade pressures are down. Volumes are now bearish. The next target down is 165.06.

11-28-21: Closed at 168.04. Trade pressures are down. Volumes are bearish. The next target down is 160.62.

12-03-21: Closed at 162.38. Trade pressures are down. Volumes are bearish. The next target down is 146.24. 

12-10-21: Closed at 158.70. Trade pressures are down. Volumes are bearish. The next target down is 146.24.

12-17-21: Closed at 136.12. Trade pressures are down. Volumes are bullish. The next target down is 122.98.

12-31-21: Closed at 126.22. Trae pressures are rising into the neutral zone. Volumes are bearish. The next target up is 145.02.

1-7-22: Closed at 125.70. Trade pressures are down. Volumes are bearish. The next target down is the 115 prior low.

1-14-22: Closed at 122.54. Trade pressures are down. Volumes are bearish. Support at the prior low of 115.58.

1-21-22: Closed at 102.17. Trade pressures are down. Volumes are bearish. Now at support levels.

 

CubeSmart (CUBE) is benefiting from the boom in self-storage demand, and as such, we added the stock to the High-Growth Investments Buy List in the December Monthly Issue. You may recall that CubeSmart is one of the top three operators of self-storage units in the U.S., with about 1,200 locations across the country. The company offers a variety of storage solutions, as well as packing supplies.

Recently, CubeSmart completed its $1.69 billion acquisition of LAACO, Ltd., which is the parent company of Storage West. Storage West operates 59 self-storage locations, including 22 in Southern California; 17 in Phoenix, Arizona; 13 in Las Vegas, Nevada; and seven in Houston, Texas. The acquisition is expected to be immediately accretive and further expand CubeSmart’s reach across the Southwest U.S.

Prior to this acquisition closing, though, CubeSmart was already expected to achieve robust earnings and revenue results. For its fourth quarter in fiscal year 2021, earnings are forecast to rise 9.1% year-over-year and revenue is anticipated to grow 26.4% year-over-year. The company is also expected to achieve double-digit earnings and revenue growth for fiscal year 2021, with analysts increasing earnings estimates over the past three months. CUBE is a Conservative buy below $60.

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.

 

Endava PLC (DAVA) is a U.K.-based company that reimagined the relationship between technology and people. Founder John Cotterell wanted to help customers take their ideas through to production, sharpening and defining their visions and then building the platform, products or solutions necessary to make the vision a reality.

Over the past 20 years, Endava has worked with customers in a variety of industries, including banking, capital markets, healthtech, insurance, media, mobility, payment processing, private equity, retail, technology and telecommunications. And the company has strategic partnerships with Amazon Web Services (AWS), Google, Microsoft and Salesforce.

For its first quarter in fiscal year 2022, Endava reported adjusted earnings of 28.3 million pounds and revenue of 147.5 million pounds, or 92.5% year-over-year earnings growth and 55% year-over-year revenue growth. In the wake of the excellent first-quarter results, analysts have increased second-quarter earnings estimates by 25% in the past month alone. Second-quarter earnings are now forecast to jump 65.5% year-over-year. DAVA is a Conservative buy below $160.

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.

 

Extra Space Storage (EXR) is one of the rare High-Growth Investments that earns a AAA-rating – an A rating from Portfolio Grader, an A-rating from Dividend Grader and an A Quantitative grade. So, the real estate investment trust (REIT) offers an exceptional blend of growth and income, as well as persistent institutional buying pressure.

The fact is that Extra Space Storage has thrived amidst the global pandemic, as folks sought out self-storage units for their new outdoor toys – boats, RVs, ATVs and more – or to store their household items as they moved from more urban areas to the suburbs and countryside. In fact, self-storage occupancy rates and rents are sitting at all-time highs.

As a result, Extra Space Storage achieved 59.1% year-over-year earnings growth and 41% year-over-year core funds from operations growth in the third quarter. And the analyst community expects the REIT to continue to profit in the fourth quarter, as it’s increased earnings estimates over the past two months. Fourth-quarter earnings are now forecast to rise 17.6% year-over-year.

Extra Space Storage also has a history of rewarding its shareholders, as it’s paid a dividend for 48-straight quarters. The REIT will pay a fourth-quarter dividend of $1.25 per share on December 31 to all shareholders of record on December 15. The stock has a 2.33% dividend yield. EXR is a Conservative buy below $232.

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.

 

Ford Motor Company (F) was also one of our recent additions to the High-Growth Investments Buy List, as the company stands in line to profit from the electric vehicle  craze. The auto manufacturer’s Mustang Mach-E has already been a massive hit, earning the Car and Driver’s first EV of the Year award back in July. In turn, it’s been steadily stealing market share from Tesla – a trend that’s anticipated to continue in 2022.

In fact, Ford recently announced that it is ramping up its production of the Mustang Mach-E in 2022, with more than 200,000 vehicles expected to be produced per year by 2023. Approximately 50,000 Mustang Mach-Es were sold this year. Ford’s CEO Jim Farley has also predicted that the company’s EV production will total 600,000 vehicles by 2024, and he anticipates EVs to account for 40% of Ford’s total global sales by 2030.

With the growing popularity of Ford’s EVs, as well as its other popular models like the F-150 pick-up truck, it’s no wonder that the analyst community has continued to up earnings forecasts. For fiscal year 2021, Ford is expected to achieve 363.4% annual earnings growth and 9.4% annual sales growth. F is a Moderately Aggressive buy below $22.

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.

#emini #spfutures #SP500 #ES

Market Pressures:

Copper has triggered a long entry but waiting for a bullish reversal. Gold consolidating in the move down. Silver is at downside targets.

Crude oil is in a move up after testing the 200 day MA. Natural Gas is near the 3.33 downside target.

The 30 year Treasury is moving down after the 6.8% inflation print. This inflation point is likely the high, as the crude component dropped during November and will show up in the next data point.

The US Dollar is in distribution; consolidating.
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S&P 500 Futures_

Monthly – In the move up from the April 2020 long entry at 2801. Trade pressures are up but rolling over. Volumes closed the month of November as bullish. The next target up is 5018. A close below the prior 4339 target would confirm any weekly move lower.

Weekly – In the move up from the November 2020 long entry at 3499. Trade pressures are up but declining. Volumes are now bullish. The next target up is 5473. A close below 4430 would confirm any daily move lower.

Daily – in the move up from the new long entry on Dec 7th at 4598. Trade pressures are up. Volumes are bullish. The next target up is 4725. A close below 4657 would restart the move down. Let’s see if the prior high gets taken out?

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Navellier Top 5 Stocks – This Top 5 model portfolio begins the year at $100,000. Only the Top 5 Growth stocks will be tracked this 2021 year. This portfolio has been marked to the market and restarted at $100,000 for the 2021 year.

The portfolio stocks turned back up to approximately $142,000, up 42% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March 2021, then a low of $100,000 a few weeks later, and rose once again above 50% in early September.

Both GDP growth estimates and CPI inflation estimates are now showing a deceleration in the rate of increase into the first quarter of 2022 which would be dovish for interest rates. However the market seems to expect continued earnings growth rate and a deceleration in inflation which is very good for the equity markets.

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