#emini #spfutures #SP500 #ES

Market Pressures_

Coper is now a new long. Gold si near a new long entry trigger. Silver is still showing downward pressures.

Crude oil is in a retracement down. Natural gas is in a new short, but likely only a retracement also.

The US Treasury Bonds had a nice move up , but is now at the at the 200 day MA and is experiencing resistance.

The US Dollar futures are near a beginning of a new move down.

________________

S&P 500 Futures_

Monthly – Another new high. Trade pressures are up.  Volumes closed the month of June as bullish. The next target up is 5027. A close below 3895 would confirm any weekly move lower.

Weekly – Still in the move from the November long entry at 3524. Trade pressures are up. Volumes are bullish. The next target up is 4599. A close below 4098 would confirm any daily move lower.

Daily – In the move higher from the breakout at the 4335 long entry level. Trade pressures are up but turned down to near the neutral zone. Volumes are now bullish after a bearish prior day. The next target up is 4392. A close below 4274 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 lower but ended the week at approximately $132,000, up 32% 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 grinding higher once again.

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is looking lower. Gold is pressing on a new short entry. Sliver is also reaching a decision point in this next week.

Crude oIl is grinding higher. Natural gas sharp rise is looking for a correction.

The US Treasury bonds are in a new move up.

The US Dollar futures are approaching some resistance to this move up.

____________________

S&P 500 Futures _

Monthly – Reached the 4347 target projected from March of 2016. Trade pressures are up. Volumes closed the month of June as bullish and for 12  months in a row. The next target up is 5027 project off the March 2020 lows. A close below 3878 would confirm any weekly move lower.

Weekly – In the move up from the November 2020 3524 long entry. Trade pressures are up. Volumes remain bullish. The next target up is 4599. A close below 4081 would confirm any Daily mover lower.

Daily – Flat. In the move up from the June 4152 long entry. Trade pressures are up and trending. Volumes are bullish. The next target up is 4594. A close below 4257 would signal a retracement of some of the is move, perhaps back to the 200 day MA at 3819.

____________________

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 lower and ended the week at approximately $135,000, up 35% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March 2021, then a low of $100,000 a few weeks later, now grinding higher once again.

Restoration Hardware (RH) and NIO Inc. (NIO) were replaced by Johnson Controls (JCI) and Generac (GNRC) as of Monday’s open.

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in a water fall down to the 3.96 target. Gold looks to test the March lows. Silver is sitting on the 200 Day MA: failure sends it lower.

Crude oil remains in the steady move up. Nat Gas is up from the April lows.

The US Treasury Bond is in a move up.

The US Dollar futures are at the 61% target, expect consolidation.

______________________

S&P 500 Futures_

Monthly – Another new high. Trade pressures are up. Volumes closed the Month of May as bullish. The next target up is 4347. A close below 3822 would confirm any weekly move lower.

Weekly – Remains in the November move up from the 3525 entry level. Trade pressures are up. Volumes are bullish after a bearish last week. The next target up is 4599. A close below 4025 would confirm any daily move lower.

Daily – Never got any reversal of the trade pressures. Price took out the high of the down bar in just two days. Trade pressures are up and trending once again. Volumes are bullish. The next target up is 4594. A close below 4201 should trigger some retracement and consolidation.

____________________

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 into the weekend and started the next week at approximately $138,000, up 38% 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 grinding higher once again.

Restoration Hardware (RH) and NIO Inc. (NIO) were replaced by Johnson Controls (JCI) and Generac (GNRC) as of Monday’s 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

BioNTech

BioNTech (BNTX) shares have rallied impressively recently, rising 13% in the past month and 9% in the past week alone. The reality is that there’s been a lot of positive buzz surrounding the biotech company recently. You may recall that BioNTech developed a COVID-19 vaccine with Pfizer (PFE), and it has shipped more than 450 million doses of this vaccine around the world.

This week, New Zealand announced that it has granted provisional approval for the BioNTech-Pfizer vaccine for children aged 12 to 15 years of age. The vaccine was also approved by Switzerland for use in this age group at the beginning of the month. Clinical trials have shown that the vaccine has a 100% efficiency in this age group.

Given the success of its COVID-19 vaccine, BioNTech is looking to reward its shareholders further. The company revealed this week that it is considering a dividend as early as next year. BioNTech expects to determine the final dividend amount and distribution schedule at the company’s Annual General Meeting next year. In the meantime, BNTX is a Moderately Aggressive buy below $272.

SOM Technicals:

05-28-21: Closed at  204.00. Trade pressures are up. Volumes are bullish. The next target up is 213.15, the prior high.

06-05-21: Closed at 233.29. Trade pressures are up. Volumes are bullish. The next target up is 266.93.

06-10-21: Closed at 242.00. Trade pressures are up. Volumes are bullish. the next target up is 235.26

06-20-21: Closed at 211.96. Trade pressures are up into the neutral zone. Volumes are neutral. the next target up is 229.25.

06-29-21: Closed at 228.43. Trade pressures are down. Volumes are bullish. Support is 221.21.

07-03-21: Closed at 224.00. Trade pressures are down. Volumes are neutral. The support level at 221 is holding.

07-10-21: Closed at 217.40. Trade pressures are up. Volumes are neutral. The next target u is the resistance at 224.16.

07-15-21: Closed at 221.08. Trade pressures are up. Volumes are bullish. The next target up is 252.78, the prior high.

 

Futu Holdings Limited

Futu Holdings Limited (FUTU) continues to earn a spot on the Top 5 Stocks list for its fourth-straight month, as the online brokerage and wealth management firm attracts more and more attention. Case in point, institutional investors have been loading up on the stock, as evidenced by its A Quantitative grade and thanks to its strong fundamentals.

Online trading platforms like Futu’s Futubull have grown in popularity over the past year amidst the rise in retail investors. In fact, the company experienced a 70% surge in users during the first quarter, with 14.2 million users worldwide now. Paying clients also soared, jumping 231% year-over-year to nearly 790,000.

But the company is far from sitting on its laurels. Futu has international expansion plans, and it added about 100,000 paying clients in Singapore in only three months. The company also recently noted that approximately one-fourth of its new paying clients in the first quarter were from Singapore and the U.S. As Futu continues to expand around the world, it should add nicely to the company’s top and bottom lines. FUTU is an Aggressive buy below $230.

SOM Technicals:

03-27-21: Closed at 114.69. Trade pressures are down but rising. Volumes are bullish. The next target up is 131.56.

04-03-21: Closed at 153.60. Trade pressures are up. Volumes are bullish. The next target up is 186.42.

04-10-21: Closed at 156.70. Trade pressures are up. Volumes are neutral. The next target up is 186.42.

04-16-21: Closed at 153.01. Trade pressures are up into the neutral zone. Volumes are now neutral. Consolidating at the 153 target. 

04-24-21: Closed at 143.81. Trade pressures are up. Volumes are now neutral. The net target up is the 188.39 level. 

05-01-21: Closed at 148.78. Trade pressures are down into the neutral zone. Volumes are neutral. Support is at 129.10.

05-08-21: Closed at 130.00. Trade pressures are down. Volumes are bearish. At support. The 200 day MA is below at 76.79.

05-08-21: Closed at 118.89. Trade pressures are down but rising. Volumes are now neutral. The next target down is 73.77.

05-22-21: Closed at 123.99. Trade pressures are up but turning down. Volumes are bullish. The next target down is 73.77.

05.28-21: Closed at 142.27. Trade pressures are up. Volumes are bullish. The next target up is 158.46.

06-05-21: Closed at 154.70. Trade pressures are up. Volumes are bullish. The next target up is 188.10.

06-10-21: Closed at 142.99. Trade pressures are now down. Volumes are bearish. The next target down is 125.98.

06-20-21: Closed at 154.34. Trade pressures are up into  the neutral zone. Volumes are bullish. the next target up is 178.48.

06-29-21: Closed at 177.60. Trade pressures are up. Volumes are bullish. the next target up is 178.47.

07-03-21: Closed at 162.20. Trade pressures are down. Volumes are bearish. The next target down  is 142.41.

07-10-21: Closed at 139.70. Trade pressures are down but rising.  Volumes are bearish. The next target down is 133.21.

07-15-21: Closed at 134.80. Trade pressures are down but rising. Volu mes are now neutral. The next target down is 103.39.

 

Generac Holdings, Inc.

Generac Holdings, Inc. (GNRC) is the number-one manufacturer of home backup generators, which are marketed under the Guardian brand. In addition to its home backup generators, the company also offers portable generators, pressure washers, water pumps, transfer switches and other parts and accessories. And the company has developed its own clean energy power storage system, PWRcell, that stores energy from solar panels or the electric grid.

Earlier this year, Generac unveiled the location of its first manufacturing plant and distribution facility outside of Wisconsin. The company is building a plant in Edgefield County, South Carolina, and it is expected to be operational in July. Company management stated, “With significant demand for Generac products across the country, we’re excited to expand our operation capacity to accommodate the increased interest in residential power systems.”

GNRC shares have been charging higher, up 21% in June, as strong residential demand for generators and other clean energy products have attracted investors’ attention and added to the company’s top and bottom lines. For the second quarter, earnings are forecast to jump 64.3% year-over-year to $2.30 per share, and sales are expected to increase 57.9% year-over-year to $863.41 million. GNRC is a Conservative buy below $439.

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

 

Johnson Controls International

Johnson Controls International (JCI) was a new addition to the High-Growth Investments Buy List in the June Monthly Issue. If you recall, the company provides the building products, services, software and technology necessary to make buildings “smarter” and function better for the people who live, work, learn and play in them. JCI has more than four million customers in more than 150 countries, as well as operates in nearly 2,000 locations worldwide.

During its second quarter in fiscal year 2021, Johnson Controls reported adjusted earnings of $0.52 per share and total sales of $5.6 billion, which represented 24% year-over-year earnings growth and 3% year-over-year sales growth. The company also topped earnings estimates by 6.1%.

Thanks to the strong quarterly results and positive outlook, analysts have increased third-quarter estimates over the past few months. For its third quarter in fiscal year 2021, earnings are forecast to grow 23.9% year-over-year to $0.83 per share, and sales are expected to come in at $6.23 billion. JCI is a Conservative buy below $72.

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.

 

Taiwan Semiconductor Manufacturing Company Limited

Taiwan Semiconductor Manufacturing Company Limited (TSM) was the topic of an interesting article in The Wall Street Journal recently. The article noted that the Taiwanese company is responsible for manufacturing nearly all of the world’s semiconductors, as billions of products utilize its chips. Capital Economics estimates that TSM makes approximately 92% of the most sophisticated chips in the world.

Companies like Apple and Qualcomm rely heavily on TSM to manufacture the semiconductors for their products. Consider this: TSM develops about 1.4 billion smartphone processors and approximately 60% of the microcontrollers necessary for automated vehicles.

So, it’s no wonder that the company continues to achieve double-digit earnings and sales growth. For the second quarter, the current consensus estimate calls for earnings of $0.91 per share on $13.05 billion in sales, or 16.7% year-over-year earnings growth and 25.6% year-over-year sales growth. Analysts’ earnings estimates have remained steady over the past few months, but TSM has a history of positive earnings surprises. TSM is a Conservative buy below $130.

SOM Technicals:

05-28-21: Closed at 117.36. Trade pressures are up. Volumes are bullish. the next target up is 132.75.

06-05-21: Closed at 119.51. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is 132.75.

06-10-21: Closed at 118.24. Trade pressures are just up and out of the neutral zone. Volumes are bullish. The next target up is 132.75.

06-20-21: Closed at 115.79. Trade pressures are down. Volumes are bearish. The next target up is 117.02.

06-29-21: Closed at 119.96. Trade pressures are up. Volumes are bullish. The next target up is 123.20.

07-03-21: Closed at 118.91. Trade pressures are down. Volumes are neutral. The next target down is 115.77.

07-10-21: Closed at 120.56. Trade pressures are up into the neutral zone. Volumes are bullish. The next target up is 120.97.

07-15-21: Closed at 117.53. Trade pressures are down. Volumes are bearish. The  next target down is 106.62.

 

#emini #spfutures #SP500 #ES

Market Pressures_

Copper drops with the equity markets but fails to rally Monday. Gold rallies small at support. Silver still has selling pressures.

Crude oil moves higher. Natural gas is backtesting the prior week’s breakout.

The US 30 year Treasury bonds sells off with the dollar.

The US Dollar futures give back some of the three day rally.

___________________

S&P 500 Futures_

Monthly – A spinning top so fa this month. Trade pressures are up. Volumes closed the month of May as bullish. The next target  up is 4366. A close below 3766 would confirm any weekly move lower.

Weekly – In the November move up from the 3524 long entry. Trade pressures are up. Volumes are now bearish. The next target up is 4599. A close below 3992 would confirm any Daily move lower.

Daily – A new move lower has been triggered with the close below 4163. Trade pressures are down. Volumes are now neutral. The next target down is 4068. A close above 4229 would signal higher. Monday’s rally is a back test of the break down. Look for a bearish reversal of the trade pressures to short.

____________________

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 into Monday and ended the week at approximately $131,000, up 31% 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 grinding higher once again.

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper in the short trade with a breakeven stop. Gold and Silver are choppy.

Crude oil continues the move up. The natural gas short is going against the trade.

The US Treasury long was closed but the move continues.

The US Dollar futures are basing and may stage a retracement up.

_____________________

S&P 500 Futures_

Monthly – Remains near the highs. Trade pressures are up. Volumes closed the month of May as bullish. The next target up is 4366. A close below 3770 would confirm any weekly move lower.

Weekly – In the move up from the November 3550 long entry. Trade pressures are up. Volumes are  bullish. The next target up is 4638. A close below 3935 would confirm any daily move lower.

Daily – In the long recovery move up from the March 2020 lows. In the second leg up from the November re-entry at 3515. Trade pressures are up. Volumes remain bullish. The next target up is 4546. A close below 4171 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 into the weekend and ended the week up at approximately $132,000, up 32% 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 grinding higher once again.

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

 

#emini #spfutures #SP500 #ES

Market Pressures_

Copper long was stopped out and moved short. Gold and silver are looking for direction.

Crude oil is in the move up. Natural gas is short but has not followed thru.

The US 30 Year Treasury is long and having a nice move up.

The US Dollar futures tried to move higher and reversed.

_______________________

S&P 500 Futures_

Monthly – Remains in this long move up from the Mar 2020 sell off. Trade pressures are up. Volumes closed the month of May as bullish. The next target up is 4366. A close below 37780 would confirm any weekly move lower.

Weekly – In the move up from the November 3550 long entry level. Trade pressures are up. Volumes are bullish. The next target up is 4638. A close below 3935 would confirm any daily move lower.

Daily – In the July 2020 uptrend. Trade pressures are up but declining. Volumes remain bullish. The next target up is a break of resistance at 4248. a close below the prior low at 4169 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 into the weekend and ended the week up 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, now grinding higher once again.

NIO Inc. (NIO) will replace Williams Sonoma (WSM) at the open on Monday Morning.

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper tested support and is moving higher to retest the highs. Gold is at multiple resistances. Silver keeps moving to the right.

Crude oil has also tested the support and is looking higher. Nat Gas is in a new move down.

The US 30YR Treasuries are in a new move up.

____________________

S&P500 Futures_

Monthly – In the May 2020 move up from 2823. Trade pressures are up. Volumes closed the month of April as bullish. The next target up is 4366. A close below 3770 would confirm any weekly move lower.

Weekly – In the move from the November 3550 long entry. Trade pressures are up. Volumes are  bullish. The next target up is 4638. A close below 3935 would confirm any Daily move lower.

Daily – Flat. The prior short was stopped out with a loss. Trade pressures are up. Volumes are bullish. The next target up is 4293. A close below 4186 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 this week and ended the week higher at approximately $123,000, up 23% 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 grinding higher once again.

BioNTech (BNTX), Restoration Hardware (RH) and Taiwan Semiconductor (TSM) will replace NIO Inc. (NIO), United Microelectronics (UMC) and Boston Beer (SAM) at the open on Tuesday Morning.

[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/

Navellier says,

High-Growth Investments

BioNTech SE

BioNTech SE (BNTX) was a new addition to the High-Growth Investments Buy List in the May Growth Investor Monthly Issue. BioNTech is a biotechnology company that’s primarily focused on developing treatments for cancer. Since its founding in 2008, the company has developed more than 20 products and treated more than 440 patients with 17 different tumors.

Aside from its pipeline of cancer immunotherapies, BioNTech has also collaborated with Pfizer to develop vaccines using its mRNA platform for influenza and COVID-19. It recently announced that it will supply an additional 600 million doses of its COVID-19 vaccine to the European Union (EU). BioNTech has already shipped more than 450 million doses of its vaccine around the world, and it has agreements for more than 1.8 billion doses for 2021.

As a result, BioNTech recently posted blowout results for its first quarter in fiscal year 2021. Total sales surged to 2.05 billion euros, up from 27.7 million euros in the first quarter of 2020. First-quarter earnings per share came in at $5.35, which crushed analysts’ expectations for $3.76 per share by 42.3%.

Thanks to the stunning quarterly results, the analyst community has upped second-quarter earnings estimates by a whopping 204% in the past two months. Second-quarter earnings are now forecast to soar 2,122.2% year-over-year to $9.10 per share. BNTX is a Moderately Aggressive buy below $266.

SOM Technicals:

05-28-21: Closed at  204.00. Trade pressures are up. Volumes are bullish. The next target up is 213.15, the prior high.

06-05-21: Closed at 233.29. Trade pressures are up. Volumes are bullish. The next target up is 266.93.

06-10-21: Closed at 242.00. Trade pressures are up. Volumes are bullish. the next target up is 235.26

06=20-21: Closed at 211.96. Trade pressures are up into the neutral zone. Volumes are neutral. the next target up is 229.25.

 

Futu Holdings Ltd.

Futu Holdings Ltd. (FUTU), or the “Robinhood of China,” operates a brokerage and wealth management platform in Hong Kong and China, as well as in the U.S. The company has benefited immensely from a surge in retail investors over the past year. According to China Securities Depository and Clearing, there were 18.02 million new investors in China in 2020. That brought the total of Chinese investors to 177.77 million. And based on FUTU’s recent results, a lot of these new investors were trading stocks on online brokerage platforms.

FUTU added 273,000 paying users during its first quarter in fiscal year 2021, which brought its total paying client base to 790,000. That represents a 231% year-over-year increase. FUTU also noted that it now has about 1.96 million registered clients and a total of 14.2 million users.

First-quarter revenue soared 349.4% year-over-year to HK$2.2 billion, and adjusted earnings per share surged 634% year-over-year to HK$1.18 billion. In U.S. dollar terms, FUTU reported revenue of $283.6 million and earnings of $151.7 million. Earnings per ADS jumped 557% to $1.03. FUTU is an Aggressive buy below $193.

SOM Technicals:

03-27-21: Closed at 114.69. Trade pressures are down but rising. Volumes are bullish. The next target up is 131.56.

04-03-21: Closed at 153.60. Trade pressures are up. Volumes are bullish. The next target up is 186.42.

04-10-21: Closed at 156.70. Trade pressures are up. Volumes are neutral. The next target up is 186.42.

04-16-21: Closed at 153.01. Trade pressures are up into the neutral zone. Volumes are now neutral. Consolidating at the 153 target. 

04-24-21: Closed at 143.81. Trade pressures are up. Volumes are now neutral. The net target up is the 188.39 level. 

05-01-21: Closed at 148.78. Trade pressures are down into the neutral zone. Volumes are neutral. Support is at 129.10.

05-08-21: Closed at 130.00. Trade pressures are down. Volumes are bearish. At support. The 200 day MA is below at 76.79.

05-08-21: Closed at 118.89. Trade pressures are down but rising. Volumes are now neutral. The next target down is 73.77.

05-22-21: Closed at 123.99. Trade pressures are up but turning down. Volumes are bullish. The next target down is 73.77.

05.28-21: Closed at 142.27. Trade pressures are up. Volumes are bullish. The next target up is 158.46.

06-05-21: Closed at 154.70. Trade pressures are up. Volumes are bullish. The next target up is 188.10.

06-10-21: Closed at 142.99. Trade pressures are now down. Volumes are bearish. The next target down is 125.98.

06-20-21: Closed at 154.34. Trade pressures are up into  the neutral zone. Volumes are bullish. the next target up is 178.48.

 

Nio, Inc.

Nio, Inc. (NIO) is a Chinese company that develops electric vehicles (EVs) with the latest technologies in connectivity, autonomous driving and artificial intelligence. I’m convinced that NIO will eventually displace Tesla as the biggest manufacturer of EVs in China. Remember, the Chinese government has invested billions in NIO, so its success is virtually guaranteed.

Based on the company’s recent results, NIO is already starting to grab a bigger piece of the EV pie in China. NIO shipped a total of 20,060 vehicles during the first quarter, or a 422.7% year-over-year increase. Total first-quarter vehicle sales surged 498.8% year-over-year to $1.13 billion.

NIO also reported an adjusted first-quarter earnings loss of $0.04 per share and total revenue of $1.22 billion. The consensus estimate called for a first-quarter earnings per share loss of $0.16 and total revenue of $1.02 billion.

Looking forward to the second quarter, NIO expects to deliver between 21,000 and 22,000 vehicles, or a 103% to 113% year-over-year increase. Total second-quarter revenue is forecast to be between $1.24 billion and $1.30 billion, or 119% to 128.7% year-over-year revenue growth. NIO is an Aggressive buy below $52.

SOM Technicals:

05-01-21: Closed at 39.84. Trade pressures are down. Volumes are now bullish. Sitting on the 200 day MA at 36.30 as support.

05-08-21: Closed at 36.94. Trade pressures are down but rising. Volumes are bearish. Now at  the 20 day MA support levels.

05-14-21: Closed at 33.42. Trade pressures are down but rising. Volumes are bearish. The next target down is 30.71.

05-22-21: Closed at 34.06. Trade pressures are up. Volumes are bullish. Consolidating at the 200 day MA.

05-28-21: Closed at 38.62. Trade pressures are up. Volumes are bullish. The next target up is 46.93.

06-05-21: Closed at 41.94. Trade pressures are up but turning down. Volumes are now neutral. Support is at 39.14.

06-10-21: Closed at 42.75. Trade pressures are up but declining. Volumes are now neutral. The next target down is 35.82.

06-20-21: Closed at 46.91. Trade pressures are up but declining. Volumes are bullish. The next target up is 63.15.

RH

RH (RH), or Restoration Hardware, was also added to the High-Growth Investments Buy List in the May Monthly Issue. If you recall, the company offers luxury home furnishings, including furniture, rugs, lighting and textiles. And its business has been booming amidst the global pandemic with more folks at home nesting or remodeling their living spaces.

RH is expected to release results for its first quarter in fiscal year 2021 in early June, and it’s shaping up to be another record quarter for the company.

The current consensus estimate calls for earnings of $4.06 per share on $755.12 million in revenue, which represents 219.7% year-over-year earnings growth and 57.1% year-over-year revenue growth. Earnings estimates have also been revised 32.7% higher in the past three months, so a fifth-straight quarterly earnings surprise is likely. RH is a Moderately Aggressive buy below $743.

SOM Technicals:

05-28-21: Closed at 641.06. Trade pressures are up. Volumes are bullish. The next target up is 673.65.

06-05-21: Closed at 613.22. Trade pressures are down. Volumes are bearish. The next target down is 551.26.

06-10-21: Closed at 707.14. Trade pressures are up. Volumes are neutral, but high. The next target up is the prior high of 733.05.

06-20-21: Closed at 653.42. Trade pressures are in the neutral zone. Volumes are bearish. The next target down is 620.71.

 

Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing (TSM) is the largest contract semiconductor manufacturer in the world, as it holds approximately 56% of the foundry business for manufacturing chips. The company has big-name clients, like Apple and Qualcomm, and right now, it is profiting from the global chip shortage, which it anticipates will persist into 2022.

The relentless demand for semiconductors this year has driven stunning top- and bottom-line growth for TSM. During its first quarter in fiscal year 2021, TSM achieved earnings of NT$139.7 billion and revenue of NT$362.4 billion, which represented 19% year-over-year earnings growth and 17% year-over-year revenue growth.

In U.S. dollar terms, first-quarter earnings were $4.93 billion, and revenue was $12.92 billion. First-quarter earnings per ADR jumped 28% year-over-year to $0.96. The consensus estimate called for earnings of $0.95 per ADR and revenue of $12.86 billion, so TSM posted a 1.05% earnings surprise and a slight revenue surprise.

For the second quarter, TSM expects total revenue between $12.9 billion and $13.2 billion. That represents 24.3% to 27.2% year-over-year revenue growth—and the forecast is in line with analysts’ current estimates for $13.06 billion. TSM is a Conservative buy below $131.

SOM Technicals:

05-28-21: Closed at 117.36. Trade pressures are up. Volumes are bullish. the next target up is 132.75.

06-05-21: Closed at 119.51. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is 132.75.

06-10-21: Closed at 118.24. Trade pressures are just up and out of the neutral zone. Volumes are bullish. The next target up is 132.75.

06-20-21: Closed at 115.79. Trade pressures are down. Volumes are bearish. The next target down is 117.02.

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is moving down with the equity markets. Gold and silver both rallying on inflation concerns.

Crude oil testing the recovery highs. Natural gas runs into resistance at the 3.22 level.

US 30YR Treasuries are in a consolidation after a long move down.

The US Dollar futures are in a similar consolidation after a move down.

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S&P 500 Futures_

Monthly – No new high. Trade pressures are up. Volumes closed the month of April as bullish. The next target up is 4366. A close below 3770 would confirm nay weekly move lower.

Weekly – In the November move up from 3550. Trade pressures are up. Volumes are bullish. The next target up is 4638. A close below 3935 would confirm any daily move lower.

Daily – Short. In the move down from the 4143 short entry price. Trade pressures are now up. Volumes are neutral. The next target down is 4004. A close above 4185 would signal a resumption of the move up.

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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 traded down this week and ended the week lower at approximately $115,000, up 15% 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.

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