#emini #spfutures #SP500 #ES

Market Pressures:

Copper remains in the bull flag. Gold and silver sold off hard with the rising dollar.

Crude oil moving up after the breakout. Natural gas rally is now in retracement.

The US 30yr Treasury tried to breakout but failed.

The US Dollar futures rallied to resistance levels.

__________________

S&P 500 Futures_

Monthly – In the May 2020 uptrend. Trade pressures are up. Volumes closed the month of August as bullish. The next target up  is 5027. A close below the 3984 would confirm many weekly move lower.

Weekly –  In the move up from the November 2020 3523 entry. Trade pressures are up but rolling over. Volumes are bearish. The next target up is 4599. A  close below 4237 would confirm any daily move lower.

Daily – Short; in the move down from the 4445 short entry on Sept 14th. Trade pressures are down. Volumes are bearish. The next target down is 4350. A close above 4480 would signal higher and would act as the stop.

[9-20-21: Traded down to the 161% target at 4292.50 and short covering for the day came in. Lower stops to 4350.]

[09-21-21: stopped out at 4350.]

____________________

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 $148,000, up 48% 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%.

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

 

.#emini #spfutures #SP500 #ES

Market Pressures:

Copper in the move up. Gold and silver both retracing the prior move up.

Crude oil looks to be ready to break out to the upside. Nat Gas could go higher but is hyperbolic here. Be careful.

The US 30 Year Treasury looks ready to break out to the upside.

The US Dollar futures are at resistance and could move higher.

__________________

S&P 500 Futures_

Monthly – Well above its two year averages and near the end of some time cycles. Trade pressures are up. Volumes closed the month of August as bullish. The next target up is 5027. A close below 3993 would confirm any weekly move lower.

Weekly – In the move up from the November 2020 entry level at 3524. Trade pressures are up. Volumes remain bullish. The next target up is 4599. A close below 4246 would confirm any daily move lower.

Daily – Flat. Testing the new short entry at 4445. Trade pressures are down hard. Volumes are bearish. If the entry is activated, the next target down is 4411. With Trend support, the dip buyers should come in at this 4455 level, or after a morning selloff.  A close above 4502 would signal higher once again.

____________________

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 mixed and ended down for the week  at approximately $152,000, up 52% 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%.

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

 

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is in consolidation and forming a bull flag. Gold is in the move up off the 1738 entry. Silver broke out on Friday to the upside.

Crude oil is at upside resistance. Natural gas has started a second leg up.

The US Treasury Bond is in consolidation and is setting up for another leg higher.

The US Dollar futures are in the move down but near the 200 day MA which could act as support.

__________________

S&P 500 Futures_

Monthly – Another new high. Trade pressures are up. Volumes closed the month of August as bullish. The next target up is 5027. A close below 3993 would confirm any weekly move lower.

Weekly – In the move up from the November 2020 long entry at 3524. Trade pressures are up. Volumes are bullish. The next target up is 4599. A close below 4283 would confirm any daily move lower.

Daily – In the move up from the November long entry at 3526. Trade pressures are up. Volumes are bullish. The next target up is 4594. A close below the trendline at 4405 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 traded mixed and ended the week unchanged at approximately $153,000, up 53% 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 above 50%.

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

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is now a new long. Gold and silver are in moves up, with Silver lagging.

Crude oil is at resistance. Natural Gas had aggressive resumption of the move up after breaking out of the retracement bull flag on Thursday and Friday.

The US 30 year Treasury is in retracement.

The US Dollar futures are also retracing.

_________________________

S&P 500 Futures_

Monthly – Another new high. Trade pressures are up Volumes closed the month of July as bullish. The next target up is 5027. A close below 3953 would confim any weekly move lower.

Weekly – Still in the November 2020 move up from 3524. Trade pressures are up. Volumes are bullish. The next target up is 4599. A close below 4244 would confirm any Daily move lower.

Daily – The constant flow of funds has kept price above the November trendline. Trade pressures are up but rolling over. volumes remain bullish. The next target up is 4584. A close below the trendline at 4389 would signal 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 traded up and ended the week at approximately $153,000, up 53% 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 above 50%. Is 50% enough for the year?

Charles River Labs (CRL), Generac (GNRC) and Tempur-Sealy (TPX) will be replaced with BioNTech (BNTX), Extrage Space Storage (EXR) and Ternium (TX) 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

BioNTech (BNTX) has been on the front lines of the pandemic, as the German biotechnology company collaborated with Pfizer to develop a COVID-19 vaccine. Well, this week, BioNTech and Pfizer received some big news: The FDA gave full approval of the two companies’ COVID-19 vaccine for folks 16 years and older. The BioNTech-Pfizer vaccine is the first COVID-19 vaccine to be fully approved.

Many analysts are now projecting that the BioNTech-Pfizer vaccine could achieve $35 billion in sales this year and another $39 billion in 2022. The reality is that the FDA approval is anticipated to encourage more and more unvaccinated individuals to get vaccinated, and the approval is also likely to give more companies the ability to mandate vaccines for its employees.

Thanks to its partnership with Pfizer on the COVID-19 vaccine, BioNTech has achieved quarter-after-quarter of record results. In the second quarter, the company reported total revenue of 5.31 billion euros and earnings of 2.78 billion euros, which compared to revenue of 41.7 million euros and an earnings per share loss in the same quarter last year.

Couple the strong demand for its COVID-19 vaccine with its candidates for cancer treatments, and BioNTech should remain profitable for the foreseeable future. Analysts agree and have continued to up their earnings outlook for the upcoming third and fourth quarters, as well as for full-year 2021. BNTX is a Moderately Aggressive buy below $468.

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.

 

Extra Space Storage, Inc.

Extra Space Storage, Inc. (EXR) is a real estate investment trust (REIT) that owns and operates self-storage facilities. It is the second-biggest operator of self-storage units in the U.S., with 1,800 facilities in 40 states, as well as Washington D.C. and Puerto Rico. Along with the traditional storage units, Extra Space Storage offers places for customers to store boats, RVs and more.

We added Extra Space Storage to the High-Growth Investments Buy List last month, as the REIT has been benefiting from a surge in outdoor recreational activities amidst the global pandemic. Folks need a place to store their new RVs and boats, and many are turning to Extra Space Storage’s units.

As a result, the REIT has achieved stunning results recently. In fact, second-quarter earnings rose 56.3% year-over-year to $1.25 per share, topping estimates for $1.06 per share. Funds from operations (FFO) also jumped 33.3% year-over-year to $1.64 per share. For the third quarter, analysts have increased earnings estimates by 16% in the past three months and are now expecting earnings to grow 31.8% year-over-year.

Thanks to these strong quarterly results, Extra Space Storage continues to reward its shareholders. The REIT will pay a third-quarter dividend of $1.25 per share on September 30. All shareholders of record on September 15 will receive the dividend. The stock has a 2.8% dividend yield. EXR is a Conservative buy below $196.

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.

 

EPAM Systems, Inc.

EPAM Systems, Inc. (EPAM) has earned a spot on the Top 5 Stocks list for the second month in a row—and for good reason: The software engineering services company recently posted better-than-expected earnings and sales for the second quarter and, in turn, increased its outlook for fiscal year 2021. So, its business is clearly booming.

For the second quarter, EPAM Systems announced earnings of $155.2 million, or $2.05 per share, on $881.4 million in revenue. That represented 43.5% year-over-year earnings growth and 39.4% year-over-year revenue growth. The consensus estimate called for earnings of $1.93 per share and revenue of $860.36 million.

Now, looking forward to fiscal year 2021, EPAM Systems expects revenue to increase about 37% year-over-year. Full-year earnings per share are forecast to come in between $8.25 and $8.44, up from $6.34 per share in fiscal year 2020. And in the wake of EPAM’s quarterly report and outlook, analysts have increased third-quarter estimates by 13% in the past month, which bodes well for another quarterly earnings surprise. EPAM is a Conservative buy below $677.

SOM Technicals:

08-07-21: Closed at 598.02. Trade pressures are up. Volumes are bullish. The next target up is 601.81.

08-14-21: Closed at 607.85. Trade pressures are up but rolling over. The next target up is the prior high at 618.57.

08-21-21: Closed at 630.11. Trade pressures are up but showing divergence. Volumes are bullish. The next target up is 637.54.

08-26-21: Closed at 629.10. Trade pressures are rising into the neutral zone. volumes are neutral. The next target up is the prior high at 642.63.

09-04-21: Closed at 643.39. Trade pressures are up. Volumes are bullish. At the 642.51 target. Expect consolidation or retracement. 

09-11-21: Closed at 627.01. Trade pressures are up. Volumes are bearish. The next target down is 617.11.

09-18-21: Closed at 613.95. Trade pressures are down. Volumes are bearish. the next target down is 597.57.

 

Johnson Controls International

Johnson Controls International (JCI) is an Ireland-based company that provides building products, services, software and technology to develop “smart” buildings. JCI boasts the biggest portfolio of HVAC equipment and controls in the world, and it has more than 8,700 active patents that are aimed at making buildings safer, more energy efficient and more sustainable. So, it’s no surprise that the company has more than four million customers in more than 150 countries.

During its third quarter in fiscal year 2021, sales rose 19% year-over-year to $6.3 billion and adjusted earnings jumped 24% year-over-year to $0.83 pers hare. These results were in line with analysts’ estimates for earnings of $0.83 per share on $6.24 billion in sales. In the wake of the solid third-quarter results, Johnson Controls now expects adjusted earnings per share to increase 18% to 19% year-over-year to between $2.64 and $2.66 in fiscal year 2021.

I should also add that Johnson Controls has a long history of rewarding its shareholders, as it’s paid a dividend for a whopping 100-straight quarters. Most recently, the company paid a third-quarter dividend of $0.27 per share. The stock has a 1.4% dividend yield. JCI is a Conservative buy below $80.

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.

 

Ternium SA

Ternium SA (TX) is making its first appearance on the Top 5 Stocks list this month, as we added the stock to the Buy List in the August Monthly Issue. If you recall, Ternium is a leading manufacturer of steel products. The company’s production facilities, as well as two mining operations and 39 service/distribution centers, cover the whole process of manufacturing steel, from mining the iron ore to producing steel products.

With steel demand and steel prices steadily increasing, Ternium achieved stunning earnings and sales results. During the second quarter, total sales soared 125% year-over-year to $3.92 billion, which beat analysts’ expectations for $3.79 billion. Second-quarter earnings per ADS surged 2,268.1% year-over-year to $5.21 per share, crushing forecasts for $3.29 per ADS by 58.4%.

Thanks in part to the stunning second-quarter results, analysts have increased third-quarter earnings estimates by 43.5% in the past month alone. Third-quarter earnings are now forecast to jump 487.8% year-over-year to $4.35 per share. TX is a Moderately Aggressive buy below $64.

SOM Technicals:

08-26-21: Closed at 55.86. Trade pressures are up. Volumes are bullish. The next target up is the prior high at 56.86.

09-04-21: Closed at 53.66. Trade pressures are down but rising. Volumes are bearish. the next target down is 50.98.

09-11-21: Closed at 52.84. Trade pressures are down. Volumes are bearish. The next target down is 50.98.

09-18-21: Closed at 47.44. Trade pressures are down. Volumes are bearish. The next target down is 41.46.

.#emini #spfutures #SP500 #ES

Market Pressures:

Copper fell to the 200 day MA. Gold consolidating at resistance. Silver retesting the 22 lows.

Crude oil is approaching its 200 day MA. Natural Gas is in consolidation at the uptrend support levels.

The 30 Year Treasury is creating a bull flag and could have a breakout if the funds flow into the Dollar.

The US Dollar Futures are testing resistance at the upper channel bound.

___________________

S&P Futures_

Monthly – Another new high. Trade pressures are up. Volumes closed the month of July as bullish. The next target up is 5027. A close below 4008 would confirm any weekly move lower.

Weekly – Remains in the move up from the November 3524 entry. Trade pressures are up. Volumes are bullish. The next target up is 4599. A close below 4210 would confirm any daily move lower.

Daily – Flat. In consolidation. Trade pressures are down but rising. Volumes are bullish. The next target up is the prior high at 4476. A close below 4381 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 traded up and ended the week at approximately $149,000, up 49% 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 near 50% once again.

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

#emini #spfutures #SP500 #ES

Market Pressures:

Copper pressing higher. Gold and silver in new longs.

Crude Oil is at a decision point. Natural Gas looks lower.

The US 30 year Treasury is holding support at the 200 day MA.

The US Dollar futures are retracing the June -July move up.

_____________________

S&P 500 Futures_

Monthly – Another new high; endless money? Trade pressures are up. Volumes closed the month of July as bullish. Time cycles are coming to an end in these next few weeks. The next target up is 5027. A close below 3995 would confirm any weekly move lower.

Weekly – In the move up from the Nov 2020 long entry at 3524. Trade pressures are up. Volumes are very low and showing neutral. The next target up is 4599. a close below 4197 would confirm any daily move lower.

Daily – In the “buy the dips” staircase higher. Trade pressures are up. Volumes remain bullish. The next target up is 4594. A close below 4372 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 traded up and ended the week at approximately $148,000, up 48% 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 near 50% once again.

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

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is a short. Gold sells off hard to support levels. Silver follows gold.

Crude oil is back testing the July breakout. Natural Gas still looks higher.

The US 30 year Treasury has sold off hard as the jobs report signals improvement in the economy.

The US Dollar futures are sharply higher at the weekend on the same jobs report.

____________________

S&P 500 Futures_

Monthly – In the move up from 3810 in April 2020. Trade pressures are up. Volumes closed the month of July as bullish. The next target up is 5027. A close below 3965 would confirm any weekly move lower.

Weekly – In the move up from the 3924 entry in November 2020. Trade pressures are up. Volumes are bullish. The next target up is 4599. A close below 4167 would confirm any daily move lower.

Daily – In the move up. Trade pressures are up. Volumes are bullish. The next target up is 4548. A close below 4343 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 traded up ended the week at approximately $146,000, up 46% 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 near 50% once again.

As of the open on Monday, august 2nd, Charles River (CRL), EPAM Systems (EPAM), and Tempur Sealy (TPX) have replaced BioNTech (BNTX), Futu Holdings (FUTU), and Taiwan Semiconductor (TSM).

[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

Charles River Labs International

Charles River Labs International (CRL) is a global research company that offers basic research, drug discovery, non-clinical development, safety and efficacy testing, clinical support and manufacturing. It has more than 100 facilities in more than 20 countries around the globe, and it collaborates with leading academic, agrochemical, biotech, pharmaceutical and government organizations.

During fiscal year 2020, Charles River Labs experienced robust demand across its businesses, as the company provided services, products, models and screening tools to help biopharmaceuticals and biotechs in their COVID-19 efforts. The strong demand has carried over to 2021, with Charles River Labs achieving 37.5% year-over-year earnings growth and 16.6% year-over-year revenue growth in the first quarter. Analysts are expecting equally impressive results for the second quarter.

Charles River Labs is scheduled to report second-quarter results before the stock market opens on Wednesday, August 4. Analysts are looking for earnings of $2.38 per share on $880.65 million in revenue, which represents 50.6% year-over-year earnings growth and 37.3% year-over-year revenue growth. Analysts have also increased earnings estimates over the past three months, so a fifth-straight quarterly earnings surprise is likely. CRL is a Conservative buy below $437.

SOM Technicals:

08-07-21: Closed at 408.41. Trade pressures are down into the neutral zone. The next target down is 399.

08-14-21: Closed at 411.22. Trade pressures are up into the neutral zone. Volumes are bullish. The next target up is 423.78.

08-21-21: Closed at 424.75. Trade pressures are up. Volumes are bullish. The next target up is a break out above 427.

 

EPAM Systems, Inc.

EPAM Systems, Inc. (EPAM) is a software engineering services company that operates in more than 35 countries. Specifically, EPAM Systems helps businesses adapt, grow more agile and faster, and stay competitive amidst a constantly evolving digital world. So, it’s not too surprising that it has strategic partnerships with big-name corporations like Adobe, AWS, Google, Microsoft, Salesforce and SAP.

Given that the global pandemic accelerated digital transformation, EPAM Systems experienced a surge in new customers over the past 18 months—and that was apparent in the company’s first quarter of fiscal year 2021. EPAM achieved 26.6% year-over-year earnings growth and 19.9% year-over-year revenue growth.

Next Thursday, EPAM Systems is set to reveal another quarter of robust top- and bottom-line growth. Second-quarter earnings are forecast to rise 32.2% year-over-year to $1.93 per share, and revenue is expected to increase 36.1% year-over-year to $860.36 million. That compares to earnings of $1.46 per share and revenue of $632.38 million in the second quarter of 2020. Earnings estimates have also been upped by 11.6% in the past three months. EPAM is a Conservative buy below $599.

SOM Technicals:

08-07-21: Closed at 598.02. Trade pressures are up. Volumes are bullish. The next target up is 601.81.

08-14-21: Closed at 607.85. Trade pressures are up but rolling over. The next target up is the prior high at 618.57.

08-21-21: Closed at 630.11. Trade pressures are up but showing divergence. Volumes are bullish. The next target up is 637.54.

 

Generac Holdings, Inc.

Generac Holdings, Inc. (GNRC) was the first company to develop an affordable generator for at-home use, and it has offered standby generators for residential use for more than 60 years. Today, the company is the leading manufacturer of home backup generators, and it also provides its own clean energy power storage system, PWRcell.

Strong residential demand for generators, as well as its other clean energy products, has driven incredible earnings and sales growth for the company this year. In fact, on Wednesday morning, Generac crushed analysts’ forecasts for the second quarter.

For the second quarter, Generac achieved total sales of $920 million, or 68% year-over-year growth and a new record for the company. The analyst community was expecting total sales of $863.41 million. Generac also reported adjusted second-quarter earnings of $153 million, or $2.39 per share, up from $88 million, or $1.40 per share in the second quarter of 2020. These results also represented a new record for Generac. Analysts were looking for adjusted earnings of $2.31 per share, so Generac posted a 3.5% earnings surprise.

Looking forward, Generac expects production of its residential standby generators to ramp up and to experience increased demand for its PWRcell energy storage systems. As a result, the company increased its outlook for fiscal year 2021. Full-year sales are now expected to grow between 47% and 50%, up from previous estimates for 40% to 45% annual sales growth. GNRC is a Conservative buy below $469.

SOM Technicals:

06-29-21: Closed at 110.42. Trade pressures are up but declining. Volumes ae bullish. The next target up is 428.78.

07-03-21: Closed at 415.20. Trade pressures are up. Volumes are bullish. The next target up is 428.78.

07-10-21: Closed at 436.37. Trade pressures are up but pointing down. Volumes are bullish. The next target up is 462.36.

07-15-21: Closed at 432.86. Trade pressures are down into the neutral zone. The next target down is 418.65

08-07-21: Closed at 415.04. Trade pressures are up. Volumes are neutral. The next target up is 462.36.

08-14-21: Closed at 414.10. Trade pressures are down into the neutral zone. Volumes are bullish. The next target down is 401.54.

08-21-21: Closed at 400.32. Trade pressures are rising into the neutral zone. Volumes are now neutral. The next target down is 367.27.

 

Johnson Controls International

Johnson Controls International (JCI) delivers building products, services, software and technology, including HVAC equipment and controls, fire safety systems and energy storage systems. The company is dedicated to providing products and systems that offer sustainability, efficiency and cost savings. And, as a result, it has more than four million customers around the world.

This week, Johnson Controls achieved a significant milestone: It has now filed more than 200 U.S. utility patent applications for its OpenBlue Central Utility Plant offering. The company also received its 90^th patent related to the OpenBlue Central Utility Plant product.

Then, this morning, Johnson Controls posted in-line earnings results for its third quarter in fiscal year 2021, but still upped its outlook for full-year 2021. Third-quarter sales rose 19% year-over-year to $6.3 billion and adjusted earnings jumped 24% year-over-year to $0.83 per share. Analysts were expecting earnings of $0.83 per share on $6.24 billion in sales.

Thanks to the solid results, Johnson Controls upped its full-year revenue and earnings outlook. Full-year revenue is expected to grow in the mid-single digits year-over-year and adjusted earnings per share are forecast to be between $2.64 and $2.66, or 18% to 19% annual earnings growth. JCI is a Conservative buy below $76.

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. 

 

Tempur Sealy International

Tempur Sealy International (TPX) is a popular provider of sleep solutions. Back in 2012, Tempur-Pedic International merged with Sealy to create a leading American manufacturer of mattresses and bedding solutions. Today, the company’s mattresses and bedding are sold around the world under a few well-known brands, including Tempur-Pedic, Sealy and Stearns & Foster.

The housing boom here in the U.S. has added significantly to Tempur Sealy’s top and bottom lines, as evidenced by the company’s most-recent quarterly report. On Thursday morning, Tempur Sealy released results for its second quarter in fiscal year 2021—and they were spectacular.

During the second quarter, total sales soared 75.8% year-over-year to $1.17 billion, up from $665.2 million in the same quarter last year. Analysts were expecting total sales of $1.14 billion. Second-quarter adjusted earnings surged 295% year-over-year to $0.79 per share, compared to $0.20 per share in the second quarter of 2020. Analysts were looking for adjusted earnings of $0.56 per share, so TPX posted a 41.1% earnings surprise.

For fiscal year 2021, Tempur Sealy now expects adjusted earnings per share between $3.10 and $3.25, up from $1.94 per share in 2020. Given the company’s strong outlook going forward, Tempur Sealy also upped its quarterly dividend by nearly 30%. The company will pay a third-quarter dividend of $0.09 per share on August 26 to all shareholders of record on August 12. TPX is a Conservative buy below $46.

SOM Technicals:

08-07-21: Closed at 42.26. Trade pressures are up but rolling over. Volumes are bullish. The next target down is 40.59.

08-14-21: Closed at 43.79. Trade pressures are up but pointing down. Volumes are bullish. The next target up is the breakout of the prior high at 44.78.

08-21-21: Closed at 42.69. Trade pressures are down. Volumes are bearish. The next target down is 41.41.