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.