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) is making its second-straight appearance on the Top 5 Stocks list this month—and for good reason: The footwear retailer has stunning forecasted earnings and sales growth, and it continues to benefit from positive analyst revisions. In fact, after Crocs posted record results for its third quarter, the analyst community increased fourth-quarter earnings estimates by nearly 17%.

For the third quarter, Crocs achieved earnings of $2.47 per share and revenue of $625.9 million, which represented 162.8% year-over-year earnings growth and 73% year-over-year revenue growth. Analysts were only expecting earnings of $1.88 per share, so Crocs topped estimates by 31.4%.

Looking forward, Crocs expects revenue to grow between 62% and 65% in fiscal year 2021. Considering that retail sales soared 1.7% in October, or the biggest gain since March, and are up 16.3% year-over-year, Crocs may even exceed these forecasts as the holiday shopping season heats up in the upcoming weeks. CROX is a Conservative buy below $188.

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.

 

 

Endava PLC

Endava PLC (DAVA) was one of the newest additions to the High-Growth Investments Buy List last month, as the company has spectacular forecasted earnings and sales. You may recall Endava is a technology services company that helps its clients better engage with their users or customers. The company partners with financial, insurance, media, retail and telecommunications companies around the world. At the end of its fiscal year 2021, the company had operations in 23 locations globally.

On Tuesday morning, Endava topped analysts’ estimates for its first quarter in fiscal year 2022. Adjusted earnings surged 92.5% year-over-year to 28.3 million pounds, compared to 14.7 million pounds in the same quarter a quarter ago. Adjusted earnings per share came in at 0.49 pounds, topping analysts’ estimates for 0.43 pounds by 14%.

First-quarter revenue jumped 55% year-over-year to 147.5 million pounds, up from 95.1 million pounds. Endava noted that its “excellent results” were thanks in part to the addition of new clients who pay more than one million pounds on a yearly basis and continuing demand for digital services. The company now has 93 clients with more than one million pounds in revenue.

Looking forward to fiscal year 2022, Endava now expects revenue between 615 million pounds to 620 million pounds, which represents 40% to 41% annual revenue growth. Full-year earnings per share are forecast to be between 1.71 pounds and 1.76 pounds, compared to 1.30 pounds in 2021. DAVA is a Conservative buy below $168.

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.

 

EPAM Systems, Inc.

EPAM Systems, Inc. (EPAM) is at its core a consulting and engineering business that helps its clients stay relevant and up-to-date with emerging technologies. To ensure that its clients stay on the cutting edge of the latest technologies, EPAM partners with well-known software companies and cloud service providers like Adobe, Salesforce, Amazon and Microsoft.

EPAM has more than 280 customers from the Forbes Global 2000, and it has operations in more than 40 countries around the world. Its global reach and reputation for helping customers stay competitive and agile in an ever-changing world has helped the company achieve stunning results in fiscal year 2021.

For its third quarter, EPAM reported earnings of $2.42 per share and revenue of $988.5 million, which represented 46.7% year-over-year earnings growth and 51.6% year-over-year revenue growth. Analysts were expecting earnings of $2.22 per share on $964.61 million in revenue, so EPAM topped earnings estimates by 9% and revenue forecasts by 2.5%.

Looking forward, EPAM anticipates double-digit earnings growth and revenue growth for fiscal year 2021. Full-year revenue is expected to increase 40% year-over-year, and earnings are now forecast to grow 38.6% year-over-year to $8.79 per share. I should add analysts have upped earnings estimates over the past month, which bodes well for future earnings surprises. EPAM is a Conservative buy below $710.

SOM Technicals:

10-30-21: Closed at 673.24. Trade pressures are up. Volumes are bullish. The next target up is 700.

11-06-21: Closed at 705.06. Trade pressures are up. Volumes are neutral. The next target up is 723.53.

11-13-21: Closed at 671.36. Trade pressures are down. Volumes are bearish.  The next target down is 628.76.

11-19-21: Closed at 663.64. Trade pressures are down but rising. Volumes remain bearish. The next target down is 628.75.

11-28-21: Closed at 609.00. Trade pressures are down but rising. Volumes are now neutral. The next target up is 637.11.

12-03-21: Closed at 596.69. Trade pressures are are down from the neutral zone. Volumes are bearish. The next target down is 569.04.

12-10-21: Closed at 697.12. Trade pressures are up. Volumes are bullish. At the resistance. A close below 679.80 would signal lower.

12-17-21: Closed at 636.33. Trade pressures are down. Volumes are bearish. The next target down is 569.04.

 

Extra Space Storage

Extra Space Storage (EXR), like our new addition CubeSmart, provides self-storage facilities across the U.S. Over the past 44 years, the company has grown to become the second-largest operator of self-storage units in the U.S., with more than 1,800 facilities in 40 states, Washington, D.C. and Puerto Rico. At the end of the third quarter, Extra Space Storage had a 96.7% same-store occupancy rate.

Third-quarter earnings jumped 59.1% year-over-year to $1.40 per share, up from $0.88 per share in the same quarter last year. Analysts were expecting earnings of $1.22 per share, so Extra Space Storage topped estimates by 14.8%. The REIT also achieved core funds from operations (FFO) of $1.85 per share, which represented a 41% year-over-year increase.

Given the strength of its business and continuing demand for self-storage facilities, analysts have upped fourth-quarter earnings estimates over the past three months. Fourth-quarter earnings are now forecast to rise 5% year-over-year to $1.25 per share.

Also, like CubeSmart, Extra Space Storage is a real estate investment trust (REIT) and must return 90% of its earnings to shareholders in the form of dividends. It is expected to pay a fourth-quarter dividend of $1.25 per share in December, which is up nearly 39% from the $0.90 per share paid in the fourth quarter of 2020. The stock has a 2.5% dividend yield. EXR is a Conservative buy below $217.

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.

 

TFI International, Inc.

TFI International, Inc. (TFII) was added to the High-Growth Investments Buy List in the November Monthly Issue due to its vast network of transportation and logistics services in the U.S., Canada and Mexico. The company’s network includes more than 14,800 truck drivers, as well as more than 560 facilities and more than 80 operating companies, that cover 80 North American cities.

Recently, the truck company released stunning results for its third quarter in fiscal year 2020. Third-quarter revenue surged 124% year-over-year to $2.09 billion, and adjusted earnings per share rose 55% year-over-year to $1.46. The consensus estimate called for adjusted earnings of $1.34 per share on $2.01 billion in sales, so TFII posted a 9% earnings surprise and a slight revenue surprise.

So far in 2021, TFI International has achieved total revenue of $5.08 billion and adjusted earnings of $349.7 million, or 91% year-over-year revenue growth and 69.5% year-over-year earnings growth. For the fourth quarter, analysts are expecting earnings to grow 22.4% year-over-year to $1.20 per share, up from $0.98 per share in the same quarter of 2020. TFII is a Conservative buy below $120.

SOM Technicals:

11-20-21: Closed at 108.83. Trade pressures are down but rising. Volumes are bearish. The next target up is 110.88 and is a new long entry.

11-28-21: Closed at 110.94. Trade pressures are up. Volumes are bearish. The next target up is 116.17.

12-03-21: Closed at 103.31. Trade pressures are down but rising. Volumes are now neutral. the next target up is 104.08.

12-10-21: Closed at 108.27. Trade pressures are down into the neutral zone. Volumes are now neutral. The next target up is 111.92.

12-17-21: Closed at 105.91. Trade pressures are up. Volumes are bearish. In the move up. The next target up is 109.00.

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is in a new long. Gold and silver are long but near resistances.

Crude Oil is still moving down. Nat gas is near a downside support.

The US 30 year Treasury is out of the long trade and looking for a short entry.

The US Dollar broke out to new highs, expect retracement.

_________________________

S&P 500 Futures_

Monthly – Another new high month. Trade pressures are up but rolling over. Volumes closed the month of October as bullish. The next target up is 5018. A close below 4155 would confirm any weekly move lower.

Weekly – In the  move up from the November 2020 long entry at 3508. Trade pressures are up. Volumes remain bullish. The next target up is 5489. A close below 4508 would confirm any daily move lower.

Daily – In the move up off the 10/28 long entry at 4579. Trade pressures are up but rolling over. Volumes are bearish to neutral. The next target up is 4936. A close below 4628 would signal lower. Support is at 4535, the next downside target.

____________________

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 lost $1000 over the last week moving down to approximately $143,000, up 43% 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. October earnings reports seem to have provided some relief.

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

#emini #spfutures #SP500 #ES

Market Pressures:

Copper was stopped out with a gain. Gold and silver both in a long trade  now.

Crude oil is in a retracement from the highs; weekly still up. Nat Gas is consolidating at the low 5’s.

The US 30 year Treasury broke above the resistance and is now in a long trade.

The US Dollar futures are retesting the prior highs.

__________________________

S&P 500 Futures_

Monthly – New highs. Trade pressures are up. but turning down. Volumes closed the month of October as bullish. The next target up is 5018. A close below4155 would confirm any weekly move lower.

Weekly – Breaks above the August pivot high and the 4599 upside target. Trade pressures are up but diverging from prior levels. Volumes are now neutral. The next target up is 5489. A close below 4425 would confirm any daily move lower.

Daily – Long. In the move up off the break above the 25×5 MA at 4429 on 10/14. Trade pressures are up. Volumes are bearish. The next target up is 4936. Both ES and NQ are overbought. A close below 4628 would signal lower.

____________________

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 gained $4000 over the last week moving up to approximately $144,000, up 44% 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. October earnings reports seem to have provided some relief.

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

 

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is retracing the early October move up. Gold can’t get moving even in the face of inflation. Silver has moved to  the 62% target and is retracing.

Crude oil is starting a retracement. Natural gas is in a downward channel.

The US 30 Year Treasury is testing the upside resistance.

The US Dollar futures are also testing upside resistance.

________________________

S&P 500 Futures_

Monthly – Now at the 20 year regression channel upper bound. Trade pressures are up. The October volumes closed as bullish. The next target up is 5018. A close below 4047 would confirm any weekly move lower.

Weekly – In the November 2020 move up from 3524. Trade pressures are up. Volumes are bullish. T the 4599 target. The next target up is 5468. A close below 4317 would confirm any daily move lower.

Daily – The upward channel has not yet formed. A touch at 4633 would confirm. Trade pressures are up. Volumes are bullish. The next target up 4604, very close, and would signal a new leg up. A close below 4520 would signal lower. 15 min VIX is down to the channel lows; expect consolidation or retracement.

____________________

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 gained $10.000 over the last week leaving to approximately $140,000, up 40% 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. October earnings reports seem to provide some relief.

BioNTech (BNTX) and Johnson Controls (JCI) will be replaced by Crocs, Inc. (CROX) and EPAM Systems (EPAM) on Monday morning at the open.

[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) developed the “foot massaging” shoe back in 2002, and since then, the company’s product line has exploded. The company offers a line of casual shoes for men, women and children that range from the Crocs’ well-known clog to flip flops, wedges, work flats, slip-ons, rain boots, sandals, slides, loafers, Mary Janes and even sneakers.

We originally added the stock to the High-Growth Investments Buy List in the October Monthly Issue, as the company was gearing up for a blowout quarterly report. Well, last week, Crocs did not disappoint.

Third-quarter revenue jumped 73% year-over-year to $625.9 million, which was a new record and topped estimates for $610.01 million. Adjusted third-quarter earnings surged 162.8% year-over-year to $2.47 per share, compared to $0.94 per share in the third quarter of 2020. Analysts were expecting adjusted earnings of $1.88 per share, so Crocs beat estimates by 31.4%.

Looking forward, Crocs anticipates that demand will remain strong and that it will achieve more than 60% revenue growth for its fiscal year. For full-year 2021, Crocs expects revenue to grow between 62% and 65%. Thanks to the positive outlook, the analyst community has upped fourth-quarter and full-year earnings estimates over the past week. CROX is a Conservative buy below $172.

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

 

EPAM Systems, Inc.

EPAM Systems, Inc. (EPAM) is a software engineering services company, with operations in more than 35 countries. EPAM Systems primarily helps business adapt, grow more agile and faster, and stay competitive amidst a constantly evolving digital world. The company offers consultants and data expertise, designers to customize and develop digital experiences, engineers to construct software platforms, next-generation software solutions and process optimization solutions.

The global COVID-19 pandemic accelerated digital transformation—and, in turn, EPAM Systems business boomed. In fact, EPAM Systems anticipates full-year revenue growth of about 37%. Full-year earnings per share are forecast to be between $8.25 and $8.44, up from $6.34 per share in 2020. And given the strong outlook, analysts have increased earnings estimates over the past three months.

EPAM Systems will post third-quarter results on Thursday, November 4, before the stock market opens. The current consensus estimate calls for earnings of $2.22 per share, or 34.5% year-over-year earnings growth, and for revenue of $964.12 million. EPAM is a Conservative buy below $723.

SOM Technicals:

10-30-21: Closed at 673.24. Trade pressures are up. Volumes are bullish. The next target up is 700.

11-06-21: Closed at 705.06. Trade pressures are up. Volumes are neutral. The next target up is 723.53.

11-13-21: Closed at 671.36. Trade pressures are down. Volumes are bearish.  The next target down is 628.76.

11-19-21: Closed at 663.64. Trade pressures are down but rising. Volumes remain bearish. The next target down is 628.75.

 

Extra Space Storage, Inc.

Extra Space Storage, Inc. (EXR) has earned a spot on the Top 5 Stocks list every month since we added the stock to the High-Growth Investments Buy List in August. The reality is the real estate investment trust (REIT) continues to offer a healthy blend of growth and income. EXR earns an A-rating in Portfolio Grader and a B-rating in Dividend Grader.

Extra Space Storage is the second-biggest operator of self-storage units in the U.S., providing traditional storage units and non-traditional storage options for boats and RVs. The REIT’s business has boomed amidst the pandemic, as folks purchased boats and RVs and needed a place to store them. Others turned to Extra Space Storage for the self-storage units, whether it was for short-term storage between new homes or freeing up space in their current homes while they were “nesting.”

On Wednesday afternoon, Extra Space Storage released stunning results for its third quarter, thanks to “record-setting occupancy and exceptionally strong rental rates.” The REIT reported that same-store occupancy was 96.7% at the end of the quarter, up from 95.8% in the same quarter a year ago. Same-store revenue also rose 18.4% year-over-year.

Third-quarter earnings jumped 59.1% year-over-year to $1.40 per share, up from $0.88 per share in the same quarter last year. Analysts were expecting earnings of $1.22 per share, so Extra Space Storage topped estimates by 14.8%.

The REIT also noted that its core funds from operations (FFO) increased 41% year-over-year to $1.85 per share, compared to $1.31 per share in the third quarter of 2020. Looking forward, Extra Space Storage expects full-year 2021 core FFO per share to be between $6.75 and $6.85.

I should also add that Extra Space Storage has paid a dividend for 47-straight quarters. Most recently, the REIT paid a third-quarter dividend of $1.25 per share. The stock has a 2.6% dividend yield. EXR remains a Conservative buy below $210.

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.

 

Quanta Services, Inc.

Quanta Services, Inc. (PWR) provides specialty contractor services and infrastructure solutions to a variety of industries, including energy, communications, pipeline, renewable energy and utility. We added the stock to the High-Growth Investments Buy List back in June because it is uniquely positioned to benefit from the shift to 5G.

In fact, Quanta Services reported that it experienced strong demand for its services and solutions as communications providers upgraded, modernized and prepared for 5G network deployment. At the end of the second quarter, the company had a backlog of $17.0 billion. The strength of its business carried over into the third quarter—and is expected to remain robust for the rest of 2021 and beyond.

Quanta Services is scheduled to announce results for its third quarter before the stock market opens on Thursday, November 4. The current consensus estimate calls for earnings of $1.45 per share on $3.43 billion in revenue, up from earnings of $1.40 per share and revenue of $3.02 billion in the same quarter a year ago. Analysts have upped earnings estimates over the past three months, and as you know, positive analyst revisions typically precede future earnings surprises. PWR is a Conservative buy below $130.

SOM Technicals:

09-26-21: Closed at 117.29. Trade pressures are up. Volumes are bullish. The next target up is the prior high of 119.70.

10-02-21: Closed at 116.67. Trade pressures are up into the neutral zone. Volumes are bullish. The next target up is the 119.70 prior high.

10-09-21: Closed at 112.77. Trade pressures are down but rising. Volumes are neutral. The next target down is 103.14.

10-23-21: Closed at 118.06. Trade pressures are up. Volumes are bullish. The next target u is 130, the upper median line.

10-30-21: Closed at 121.28. Trade pressures are down into the neutral zone. Volumes are bullish. The next target down is 117.38.

11-06-21: Closed at 117.42. Trade pressures are down but rising. Volumes are now bullish. The next target down is 115.45.

11-13-21: Closed at 116.38. Trade pressures are down. Volumes are now bullish. The next target up is the 120 resistance.

11-19-21: Closed at 121.06. Trade pressures are up. Volumes are bullish. The next target up is the prior high at 124.69.

 

Tempur Sealy International

Tempur Sealy International (TPX) is a leading manufacturer of mattresses and bedding products in the U.S. and internationally, as its products are sold in more than 100 countries around the world. Tempur Sealy International offers many well-known brands like Tempur, Tempur-Pedic, Cocoon by Sealy, Sealy and Stearns & Foster. As a result, its business has been booming: In 2020, the company’s total sales climbed 18.4% year-over-year to $3.68 billion.

The strong demand for its products has continued in fiscal year 2021, despite supply constraints and port bottlenecks. In fact, on Thursday, Tempur Sealy International posted its fifth-straight quarterly earnings surprise.

Third-quarter adjusted earnings rose 18.9% year-over-year to $0.88 per share, up from $0.74 per share in the same quarter a year ago. Revenue increased 20% year-over-year to $1.36 billion, compared to $1.13 billion in the third quarter of 2020. Analysts were expecting adjusted earnings of $0.84 per share on $1.34 billion in revenue.

Given the strength of its business year-to-date despite supply constraints, Tempur Sealy now expects full-year 2021 revenue to grow more than 35% year-over-year. Adjusted earnings per share are forecast to be between $3.20 and $3.30, which compares to earnings of $1.91 per share in fiscal year 2020.

Tempur Sealy also announced that it will pay a fourth-quarter dividend of $0.09 per share on November 23. All shareholders of record on November 11 will receive the dividend. The stock has a 0.8% dividend yield. TPX is a Conservative buy below $48.

09-26-21: Closed at 49.37. Trade pressures are up. volumes are bullish. The next target up is the prior high at 50.51.

10-02-21: Closed at 46.53. Trade pressures are down. Volumes are bearish. The next target down is 45.04.

10-09-21: Closed at 44.99. Trade pressures are up into the neutral zone. Volumes are bearish. The next target down is 41.66.

10-23-21: Closed at 47.92. Trade pressures are up. Volumes are bullish. The next target up is the prior high, 50.61.

10-30-21: Closed at 44.47. Trade pressures are down. Volumes are now neutral. The next target down is 41.66.

11-06-21: Closed at 45.08. Trade pressures are up. Volumes are bearish. The next target down is 41.86.

11-13-21: Closed at 44.83. Trade pressures are up into the neutral zone. Volumes are now neutral. the next target up is 47.16.

11-19-21: Closed at 43.98. Trade pressures are down. Volumes are bearish. The next target down is the 200 day MA at 40.73.

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is retracing the move up off the 4.27 breakout. Gold and Silver are ready for a new move up.

Crude oil is testing resistance, could expect profit taking. Natural Gas is in a new long trade.

The US 30 Year Treasury is moving up to test resistance.

The US Dollar futures are in a move down.

_____________________

S&P 500 Futures_

Monthly – Another new high. Trade pressures are up. Volumes close the month of September as bearish. The next target up is 5027. A close below 3995 would confirm any weekly move lower.

Weekly – Still in the move up from the November 2020 3524 long entry. Trade pressures are down near the neutral zone. Volumes are now bullish. The next target up is 4599. A close below 4265 would confirm any Daily move lower.

Daily – Flat. In the move up. Trade pressures are up and trending. Volumes remain bullish. The next target up is 4604 – a new high. A close below 4498 would signal lower. Earnings began well and a swell of reports are due in these next two weeks. The market moved up into the beginning of the reporting and seems to like the results so far. the Nasdaq is lagging.

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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 gained $10.000 over the last two weeks leaving a total value at approximately $139,000, up 39% 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. October earnings reports seem to provide some relief.

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

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is the China manufacturing signal; looking higher. Gold and silver are still in the downward sloping channel.

Crude oil still in the aggressive move up. Natural Gas is consolidating in a wide range.

The US 30 year Treasury is now in a new short trade.

The US Dollar futures are now at resistance.

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S&P 500 Futures_

Monthly – Consolidating. Trade pressures are up. Volumes closed the month of September as bearish. The next target up is 5027. A close below 3984 would confirm any weekly move lower.

Weekly – In the move up from the November entry at 3524. Trade pressures are down. Volumes are now neutral. The next target up remains 4599. A close below 4237 would confirm any daily move lower.

Daily  – The pullback has touched the short entry at 4263, but no close. Trade pressures are up. volumes are bullish. The next target up is 4438. A close below 4236 would signal an new short entry.

____________________

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 ended down again for the week  at approximately $129,000, up 29% 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. October earnings reports may provide some relief.

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

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is reacting the China slowdown. Gold is in anew move up. Silver is consolidating.

Crude Oil is steadily higher, but is also near a retracement trigger. Natural gas is too spikey to trade now.

The US 30 year treasury is in a move down but at the 200 day MA. Expect consolidation and some retracement.

The US Dollar Futures have broken out of the bull flag but have found resistance at the long term downtrend resistance.

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S&P 500 Futures_

Monthly – First down bar in many months. Trade pressures are up, but rolling over. Volumes closed the month of September as bearish. The next target up is 5027. A close below 3984 would confirm any weekly move lower.

Weekly – Still in the move up from the November 2020 move up from the 3524 long entry. Trade pressures are up but trending done for three weeks. Volumes are now bearish. The next target up is 4599. A close below 4237 would confirm any Daily mover lower.

Daily – Flat. After a retest of the underside of the bullish trend line and the 25×5 MA, the second leg down took price to 4260. Trade pressures are down. Volumes are now bullish. The next target down is 4161. A close above 4381 would signal a resumption of the move up.

____________________

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 ended down hard for the week  at approximately $130,000, up 30% 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, now the rise once again above 50% in early September. The summer gains have been given back in late September.

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

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is in the downward sloping channel, need a breakout. Gold and Silver are both below their respective 200 day MA’s.

Crude oil is the move up. Natural Gas is in a new long entry.

The US 30 year Treasury is in the move down.

The US Dollar futures are in the move up to the prior highs.

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S&P 500 Futures_

Monthly – After breaking out above the 4332 a period of consolidation seems to be beginning. Trade pressures are up. Volumes closed the month of august as bullish. The next target up is 5027. A close below 3984 would confirm any weekly move lower.

Weekly – In the November 2020 move up from 3524. Trade pressures are now down. Volumes are bullish. The next target up is still 4599. A close below 4237 would confirm any daily move lower.

Daily – Flat. The short trade was stopped out with a nice gain. Trade pressures are up. Volumes are bullish. The next target up is 4495. A close below 4394 would signal a second leg down.

____________________

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 traded ended down for the week  at approximately $144,000, up 44% 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, now this rise above 50%.

EPAM Systems (EPAM) and Ternium (TX) will be replaced by Quanta Services (PWR) and Tempur-Sealy (TPX) 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

BioNTech SE

BioNTech SE (BNTX) is a German biotechnology company focused primarily on developing treatments for cancer. The company develops cancer immunotherapies that use a patient’s own immune system — mRNA therapeutics, engineered cell therapies, antibodies and small molecule immunomodulators comprise the company’s vast pipeline. So, when the COVID-19 pandemic spread around the globe, BioNTech stepped up to collaborate with Pfizer to develop a vaccine.

As you probably know, the BioNTech-Pfizer vaccine was the first to be fully approved by the FDA. Well, earlier this week, BioNTech and Pfizer revealed favorable results from its Phase 2/3 trial of its COVID-19 vaccine in children between the ages of five and 11 years. The trial studied a smaller dose that’s about one-third smaller than the dose administered to people 12 years or older.

The two companies noted that the vaccine had strong neutralizing antibody responses and a favorable safety profile for children. BioNTech and Pfizer plan to submit the data to the FDA for an emergency use authorization (EUA), as well as to the European Medicines Agency (EMA) for an EU conditional marketing authorization.

This week, BioNTech and Pfizer also were granted an emergency use authorization for its COVID-19 booster shot for high-risk folks and those over the age of 65. The booster should be given six months after the original two doses of the vaccination, and it is expected to provide a “high level of protection against COVID-19.”

Going forward, further approvals of the vaccine will certainly add to BioNTech’s already impressive top- and bottom-line growth. For the third quarter, the consensus estimate calls for earnings of $11.63 per share, up from an earnings per share loss in the same quarter a year ago. I should also add that analysts have upped earnings estimates by 66% in the past month, which bodes well for a fourth-straight quarterly earnings surprise. BNTX is a Moderately Aggressive buy below $429.

SOM Technicals:

08-26-21: Closed at 358.48. Trade pressures are down. Volumes are neutral. At the 25×5 MA support levels. The next target up is the new long entry at 387.39. 

09-04-21: Closed at 334.30. Trade pressures are down. Volumes are bearish. At support.

09-11-21: Closed at 349.19. Trade pressures are up. Volumes are bullish. The next target up is 379.77.

09-18-21: Closed at 359.18. Trade pressures are up but  rolling over. 384.00 is the next resistance.

09-26-21: Closed at 333.48. Trade pressures are down into the neutral zone. Volumes are bearish. Support at 322 in the bull flag.

10-02-21: Closed at 254.79. Trade pressures are down. Volumes are neutral. Gave up the entire summer advance.

10-09-21: Closed at 245.95. Trade pressures are down but rising. Volumes are bearish. The next target down is the 200 day MA at 203.61.

10-23-21: Closed at 278.34. Trade pressures are up but turning down. Volumes are bearish. The 9-27 gap is nearby. A close above the 25×5 at 295.00 would signal higher.

 

Extra Space Storage, Inc.

Extra Space Storage, Inc. (EXR) is the second-largest operator of self-storage units in the U.S., as well as the biggest self-storage third-party manager in the country. In fact, managed properties account for about 40% of the REIT’s facilities, and earlier this week, Extra Space Storage revealed that it achieved 800 managed stores in the U.S. The REIT has actually added more than 100 third-party managed locations this year and expects to have added a total of 200 by year end.

Overall, Extra Space Storage operates more than 2,000 self-storage locations, with includes 1.4 million units and about 156 million square feet. Along with its traditional storage units, the REIT also offers RV and boat storage options. So, it’s no surprise Extra Space Storage has strong forecasted earnings, or that analysts have increased estimates over the past three months.

For the third quarter, earnings are forecast to increase 37.5% year-over-year to $1.21 per share. That compares to earnings of $0.88 per share in the third quarter of 2020, and it’s up from analysts’ previous estimates for $1.04 per share.

As a REIT, Extra Space Storage must distribute 90% of its Funds from Operation (FFO) to shareholders via dividends. On September 30, the REIT will pay a third-quarter dividend of $1.25 per share to all shareholders of record on September 15. The stock has a 2.8% dividend yield.

Thanks to its strong fundamentals and dividend history, Extra Space Storage is also one of the rare stocks to receive a coveted AA-rating — in other words, it earns an A-rating in Portfolio Grader and Dividend Grader. EXR is a Conservative buy below $185.

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.

 

Johnson Controls International

Johnson Controls International (JCI) is helping buildings work “smarter,” with a vast portfolio of sustainable HVAC equipment and controls, fire safety systems and energy storage systems. The company has more than 8,700 active patents aimed at making buildings more energy efficient and sustainable, as well as safer for folks who live, work, learn and play in them.

This week, Johnson Controls added body-worn cameras and autonomous robots to its portfolio of security offerings. Company management commented, “Leveraging artificial intelligence, internet of things and robotics in our security solutions enables us to provide our customers with new levels of operational visibility, situational awareness and autonomous operation.”

Johnson Controls has now earned a spot on the Top 5 Stocks list for four–consecutive months, thanks primarily to robust institutional buying pressure and positive analyst revisions. For the third quarter, earnings are forecast to rise 15.8% year-over-year to $0.88 per share, while revenue is expected to grow 8.8% year-over-year to $6.48 billion.

I should also add that Johnson Controls has a long history of rewarding its shareholders: The company has paid a dividend for an incredible 100-straight quarters! Johnson Controls will pay a third-quarter dividend of $0.27 per share on October 15 to all shareholders of record on September 25. The stock has a 1.5% dividend yield. JCI is a Conservative buy below $79.

SOM Technicals:

06-29-21: Closed at 68.24. Trade pressures are up. Volumes are bullish. The next target down is 62.82. the next target up is 68.33.

07-03-21: Closed at 69.18. Trade pressures are up. Volumes are bullish. The next target up is 75.00.

07-10-21: Closed at 70.06. Trade pressures are up. Volumes are bullish. The next target up is 75.12.

07-15-21: Closed at 70.12. Trade pressures are up but declining. Volumes are bullish. The next target up is 75.12.

08-07-21: Closed at 72.07. Trade pressures are up. Volumes are bullish. The next target up is 75.12.

08-14-21: Closed at 72.82. Trade pressures are up. Volumes are bullish. The next target up is 75.12.

08-21-21: Closed at 73.40. Trade pressures are up. Volumes are bullish. The next target up is 75.12. 

08-26-21: Closed at 74.73. Trade pressures are up but rolling over. Volumes are neutral. A close below 71.56 would signal lower.

09-04-21: Closed at 75.02. Trade pressures are rising into the neutral zone. Volumes are neutral as well. Need a break above 75.12 to get a new move up.

09-11-21: Closed at 75.07. Trade pressures are up. Volumes are bearish. the next target down is 71.32.

09-18-21: Closed at 74.59. Trade pressures are down. Volumes are neutral. Support is at 72.88.

09-26-21: closed at 73.57. Trade pressures are up. Volumes are bearish. The next target up is the prior high of 76.83. A close below 71.32 would signal lower.

10-02-21: Closed at 69.02. Trade pressures are down. Volumes are neutral. The next target down is 65.81.

10-09-21: Closed at 69.01. Trade pressures are up. Volumes are neutral. Need a close above the 25×5 MA at 72.42 to get long.

10-23-21: Closed at 73.87. Trade pressures are up. Volumes are bullish. The next target up is 75.12. 

 

Quanta Services, Inc.

Quanta Services, Inc. (PWR) offers specialty contractor services through its vast network of companies in North America and Australia. The company primarily provides infrastructure solutions for electric power, wireless and fiber optic installation, underground utilities and pipelines. Simply put, Quanta Services provides “the infrastructure that powers your world” — and it’s been benefiting from the shift to 5G networks.

In fact, the company achieved 43.2% year-over-year earnings growth and 19.5% year-over-year revenue growth in the second quarter. Thanks to the stunning results, company management upped its outlook for the rest of fiscal year 2021. For fiscal year 2021, Quanta Services expects revenue between $12.0 billion and $12.45 billion and earnings per share between $4.32 and $4.68.

The solid guidance also inspired the analyst community to increase their expectations for the upcoming third quarter. Earnings are now forecast to rise 3.6% year-over-year to $1.45 per share, up from estimates for $1.39 per share two months ago. Remember, positive analyst revisions typically precede future earnings surprises. PWR is a Conservative buy below $127.

SOM Technicals:

09-26-21: Closed at 117.29. Trade pressures are up. Volumes are bullish. The next target up is the prior high of 119.70.

10-02-21: Closed at 116.67. Trade pressures are up into the neutral zone. Volumes are bullish. The next target up is the 119.70 prior high.

10-09-21: Closed at 112.77. Trade pressures are down but rising. Volumes are neutral. The next target down is 103.14.

10-23-21: Closed at 118.06. Trade pressures are up. Volumes are bullish. The next target u is 130, the upper median line.

 

Tempur Sealy International

Tempur Sealy International (TPX) is a leading American manufacturer of mattresses and bedding solutions. The company designs and sells mattresses and bedding under a few well-known brands, including Tempur-Pedic, Sealy and Stearns & Foster. Its products are sold through third-party retailers, as well as company stores and e-commerce platforms. So, consumers in more than 100 countries around the world have access to the company’s sleep solutions.

Online sales have been particularly strong for Tempur Sealy recently, as the company achieved 125% year-over-year growth in digital sales in the second quarter. Total second-quarter sales soared 75.8% year-over-year to $1.17 billion. The company also reported that second-quarter adjusted earnings surged 295% year-over-year to $0.79 per share, topping estimates for $0.56 per share.

For the third quarter, the consensus estimate calls for earnings of $0.84 per share and total sales of $1.33 billion. That compares to earnings of $0.73 per share and sales of $1.13 billion in the third quarter of fiscal year 2020. Earnings estimates have also been revised slightly higher in the past two months, so a fifth-straight quarterly earnings surprise is likely. TPX is a Conservative buy below $53.

SOM Technicals:

09-26-21: Closed at 49.37. Trade pressures are up. volumes are bullish. The next target up is the prior high at 50.51.

10-02-21: Closed at 46.53. Trade pressures are down. Volumes are bearish. The next target down is 45.04.

10-09-21: Closed at 44.99. Trade pressures are up into the neutral zone. Volumes are bearish. The next target down is 41.66.

10-23-21: Closed at 47.92. Trade pressures are up. Volumes are bullish. The next target up is the prior high, 50.61.