#emini #spfutures #SP500 #ES

Market Pressures_

Copper coming off the rally with the equity markets. Gold stalling at the 200 day. Silver above the 200 day and at the 62% target.

Crude oil beginning a horizontal channel; consolidating. Natural gas pressing upwards on the 200 day MA.

The US 30 year Treasuries are in a slow retracement move up.

The US Dollar futures are holding at the 89-90 support.

____________________

S&P 500 Futures_

Monthly – The March 2016 161% projection off the 2009 lows is now close to becoming a reality. 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 – Remains in the November 2020 move up from the 3550 long entry. Trade pressures are up. Volumes remain bullish. The next target up is 4638. A close below 3952 would confirm any daily move lower.

Daily – In the move up off the 3514 Sep long entry. Trade pressures are up. Volumes are now neutral. A retracement short entry was signaled at 4143, with a target of 4004. The 3-hour chart is in a retracement move up, off the three day daily move down. Watch for a retest of the prior highs. A failure would be significant.

_____________________

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 8% lower at approximately $117,000, up 17% 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.]

#emini #spfutures #SP500 #ES

Market Pressures_

 

Copper has continue the rally towards 5.00. Gold and  silver continued the move higher.

Crude oil is retesting the March highs. Natural gas Is at the 200 day MA and looking to break above.

The US Treasury Bond is near a completion of the retracement move up.

The US Dollar futures are retesting the February lows.

______________________________

S&P 500 futures_

Monthly – This year long run is looking a bit steep. Trade pressures are up. Volumes closed the March month as bullish, the 10th month. The next target up is 4366. A close below 3764 would confirm any weekly move lower.

Weekly – In the move up from the October long entry at 3550. Trade pressures are up, volumes continue to be bullish albeit with lower volumes. The next target up is 4638. A close below 3946 would confirm any daily move lower.

Daily – Still in the move up from the September 3535 long entry. Trade pressures are up. Volumes are bullish. Price has broken above the upper channel boundary in a show of strength. The next target up is 4603. A close below 4142 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 down this week and ended the week 4% lower at approximately $125,000, up 25% 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 now back to approximately $125,000.

 

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

 

#emini #spfutures #SP500 #ES

Market Pressures_

Copper showing some neutral volumes. Gold and silver are in a small retracement down.

Crude oil remains in the uptrend. Natural gas is in a move up.

The US 30 year is approaching upside resistance.

The US Dollar futures are in a new move up.

____________________

S&P500 Futures_

Monthly – In this strong rally since the March 2020 crash. Trade pressures are up. Volumes closed the month of April as bullish. The next target up is 4366. A close below 3742 would confirm any weekly move lower.

Weekly – In the move up from the November 3550 entry. Trade pressures are up. Volumes are bullish. The next target up is 4638. A close below 3924 would confirm any daily move lower.

Daily – Remains in the move up after the April 1st break to the upside. Trade pressures are up but declining. Volumes remain bullish. The next target up is 4603. A close below 4116 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 on a reaction to the administration tax proposals and ended the week 4% higher 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 now back to approximately $130,000.

Logitech (LOGI), Horizon (HZNP) and Novavax (NVAX) will be replaced with NIO Inc. (NIO), United Microelectronics (UMC) and Willams Sonoma (WSM) on Monday 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/

Navellier says,

High-Growth Investments

The Boston Beer Company, Inc.

The Boston Beer Company, Inc. (SAM) is stealing the hard seltzer show, as robust demand for its Truly Hard Seltzer and Twisted Tea brands helped the company post blowout earnings and sales results for its first quarter. In fact, the company noted that the hard seltzer brand grabbed another seven percentage points of market share, with Truly Hard Seltzer now accounting for 40% of the market.

For the first quarter, SAM achieved earnings of $65.6 million, or $5.26 per share, and revenue of $545.1 million. That represented 259.6% year-over-year earnings growth and 64.9% year-over-year revenue growth. The consensus estimate called for earnings of $2.61 per share on $477.28 million in revenue, so SAM beat earnings estimates by a whopping 101.5% and revenue forecasts by 14.2%.

SAM also provided solid forward-looking guidance: The company expects to achieve annual earnings growth between 41.7% and 67.4% in 2021. This outlook coupled with the first-quarter results inspired the analyst community to up second-quarter and full-year earnings estimates over the past week. SAM is a Moderately Aggressive buy below $1,412.

SOM Technicals:

3-27-21: Closed at 1159.99. Trade pressures are neutral. Volumes are  bullish. Testing resistance. The next target up is 1236.

04-03-21: Closed at 1184.68. Trade pressures are up but declining. Volumes are bearish. the next target down is 1145.

04-10-21: Closed at 1253.10. Trade pressures are up. Volumes are bullish. The next target up is 1273.15.

04-16-21: Closed at 1294.93. Trade pressures are up. Volumes are bullish. The next target up is 1368.45.

04-24-21: Closed at 1283.90. Trade pressures are rising into the neutral zone. Volumes are now neutral. The next target up is 1368.

05-01-21: Closed at 1216.49. Trade pressures are down but rising. Volumes are now neutral. the next target down is 1129.51.

05-08-21: Closed at 1115.15. Trade pressures are down but rising. Volumes are bearish. The next target down is 993.28.

05-14-21: Closed at 1108.42. Trade pressures are down but rising. Volumes are now neutral. The next target down is 993.26.

05-22-21: Closed at 1045.39. Trade pressures are down. Volumes are bearish. The next target down is 993.26.

 

FUTU Holdings Ltd.

FUTU Holdings Ltd. (FUTU) has benefited from the influx of new retail investors over the past year. You may recall that when we added FUTU to the Growth Investor Buy List in March, I noted that the number of retail investors doubled from the start of 2020 until the end of the year. Many of these investors have utilized commission-free platforms like Robinhood here in the U.S.

FUTU is the “Robinhood of China,” as it offers a brokerage and wealth management platform in Hong Kong and China, as well as the U.S. Primarily, FUTU’s main platform, Futubull, allows investors to trade stocks in several markets, as well as access real-time stock prices, financial news and other market data. The company had 516,721 paying clients and 1.42 million registered clients at the end of 2020.

FUTU has been posting blowout quarterly results. Back in March, the company revealed a 281.6% year-over-year increase in fourth-quarter revenue and an 880% year-over-year increase in earnings per ADS. FUTU also achieved 712.5% annual earnings growth and 213.3% annual revenue growth in 2020. FUTU is an Aggressive buy below $199.

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.

 

Nio, Inc.

Nio, Inc. (NIO) is a “next-generation car company,” as it is designs and manufactures electric vehicles (EVs) that utilize the latest technologies in connectivity, autonomous driving and artificial intelligence (AI). The company currently offers an electric seven-seater SUV (ES8) and a five-seater electric SUV (ES6), and recently introduced an attractive electric sedan (ET7).

On Thursday afternoon, the Chinese EV manufacturer revealed that it shipped 4,516 of its ES8s, 8,088 of its ES6s and 7,456 of its EC6s during the first quarter of fiscal year 2021. That represented a total of 20,060 vehicles, or a 422.7% year-over-year increase.

Total first-quarter vehicle sales surged 489.8% year-over-year to RMB7,405.8 million, or $1.13 billion in U.S. dollar terms. Total first-quarter revenue also jumped 481.8% year-over-year to RMB7,982.3 million. In U.S. dollar terms, NIO achieved total revenue of $1.22 billion, which beat estimates for $1.02 billion.

NIO also reported an adjusted first-quarter earnings loss of $0.04 per share, which was up from an earnings per share loss of $0.25 in the same quarter a year ago. Analysts were expecting an earnings per share loss of $0.16, so NIO posted a 300% earnings surprise.

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 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 $53.

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.

 

United Microelectronics Corporation

United Microelectronics Corporation (UMC) is a well-known semiconductor company, as it develops and manufactures integrated circuits (ICs), with a specific focus on logic and specialty technologies. The company’s wafers are utilized by every corner of the electronics industry. It has 12 fabrication facilities throughout Asia and manufactures more than 750,000 eight-inch wafers monthly.

Just this week, UMC revealed that it plans to expand production capacity to help overcome the current semiconductor shortage. Continuing demand for wafers and chips associated with smartphones, digital TVs and set top boxes is expected to still outpace supplies in the second quarter and possibly throughout the rest of 2021. As a result, UMC plans to invest $3.6 billion to expand its production capacity over the next three years.

How strong has demand been for UMC? Well, company management noted that UMC experienced “robust wafer demand” during the first quarter, with shipments reaching 2.37 million—and that certainly added to its top and bottom lines.

UMC achieved first-quarter earnings of $0.15 per share and revenue of $1.65 billion. The analyst community was expecting earnings of $0.06 per share on $1.57 billion in revenue, so UMC posted a whopping 150% earnings surprise and a 5.1% revenue surprise. UMC is a Moderately Aggressive buy below $11.

SOM Technicals:

05-01-21: Closed at 9.92. Trade pressures are down. Volumes are bearish. The next support level is 9.50.

05-08-21: Closed at 9.65. Trade pressures are up. Volumes are now neutral. The next target up is 10.75, the upper median line.

05-14-21: Closed at 8.57. Trade pressures are down. Volumes are bearish. the next target down is 7.99.

05-22-21: Closed at 8.43. Trade pressures are in the neutral zone. Volumes are neutral. The next target up is 8.71.

 

Williams-Sonoma, Inc.

Williams-Sonoma, Inc. (WSM) was added to the High-Growth Investments Buy List in the April Growth Investor Monthly Issue. The company is one of the most well-known and largest retailers of home furnishings and cookware in the U.S., as well as in Australia, Canada, Puerto Rico and the U.K. In fact, it operates several popular brands, including Williams-Sonoma, Pottery Barn, Pottery Barn Kids, Pottery Barn Teen, West Elm, Williams Sonoma Home, Rejuvenation and Mark and Graham.

Like our new additions of RH and Tempur Sealy International, Williams-Sonoma is benefiting from the housing boom and folks nesting at home. As a result, the analyst community has increased earnings estimates over the past three months and now expects Williams-Sonoma’s first-quarter earnings to more than double.

Williams-Sonoma isn’t expected to announce first-quarter results until late May. Currently, analysts are expecting first-quarter earnings of $1.75 per share on $1.51 billion in revenue. That’s up from earnings of $0.74 per share and revenue of $1.08 billion in the first quarter of 2020. Earnings estimates have been increased by 46%, so a fifth-straight quarterly earnings surprise may be in the offing. WSM is a Moderately Aggressive buy below $201.

SOM Technicals:

05-01-21: Closed at 170.75. Trade pressures are down. Volumes are bearish. The next target down is 155.93.

05-08-21: Closed at 186.70.Trade pressures are up. Volumes are bullish. Next target up is the prior high at 188.23.

05-14-21: Closed at 171.77. Trade pressures are down but rising. Volumes are  bearish. The next target down is 162.39.

05-22-21: Closed at 163.00. Trade pressures are down. Volumes are bearish. At the 162.39 downside target.

 

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is leading the equity market now, Gold and silver have pulled back but look to move higher.

Crude Oil is in a new short trade but not supported in the higher time frames. Natural gas is in a new uptrend. but no obvious long entry.

The US 30 Year Treasury is rallying, but weekly pressures are still down..

The US Dollar futures look lower.

______________________

S&P 500 Futures_

Monthly – Another intraday high. Trade pressures are are up. Volumes closed the month of May as bullish. The next target up is 4388. A close below 3718 would confirm any weekly mover lower.

Weekly – Still in the move up from the October 3550 long entry. Trade pressures are up. Volumes are bullish. The next target up is 4638. A close below 3900 would confirm any daily move lower.

Daily – In the move up from the March 3786 long entry. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is 4200. A close below 4097 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 down this week on a reaction to the administration tax proposals and ended the week 5% lower at approximately $125,000, up 25% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March and a low of $100,000 a few weeks later.

 

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

 

#emini #spfutures #SP500 #ES

Market Pressures_

Copper has turned up again with the equity markets. Gold and silver are both in rally  mode.

Crude oil has moved up into the 60’s. Natural gas is looking higher also.

The US 30 year Treasuries are testing upside resistance.

The US Dollar futures are lower.

_____________________

S&P 500 Futures_

Monthly – Another new high for the week. Trade pressures are up. Volumes closed the month of March as bullish. The next target up is 4386. A close below 3715 would confirm any weekly move lower.

Weekly – In the move up from the October long entry at 3550. Trade pressures are up. Volumes are bullish. The next target up is 4638. A close below 3897 would confirm any daily move lower.

Daily – In the march move up from the 3786 long entry. Trade pressures are up and trending. Volumes are bullish. The next target up is 4200. A close below 4099 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 on a surge of NVAX and ended the week 10% higher at approximately $130,000, up 30% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March and a low of $100,000 a few weeks later and now up again and, somehow, still outperforming the S&P averages.

 

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper has dropped out of the up channel. Gold has met resistance. Silver is in a new long trade.

Crude oil is looking lower. Natural gas is trying to move up inside the persistent move down.

The us treasuries are near resistance. look foe lower.

The US Dollar futures are moving down toward the lower median line at 91.50.

_____________________

S&P 500 Futures_

Monthly – New highs again. Trade pressures are up. Volumes closed the month of March as bullish. The next target up is 4366. A close below 3653 would confirm any weekly move lower.

Weekly – In the move up from the October 3550 long entry. Moved up and thru the 4094 target. Trade pressures are up. Volumes are now neutral. The next target up is 4368. A close below 3835 would confirm any daily move lower.

Daily – In the move up from the March 3786 long entry. Trade pressures are up and trending. Volumes are bullish. The next target up is 4200. Any close below 4037 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 down this week and ended the week slightly higher at approximately $120,000, up 20% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March and a low of $100,000 a few weeks later and now up again and, somehow, still outperforming the S&P averages.

 

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is pulling back in a equity market that is rising. Gold is in a new long . Silver is still drifting.

Crude Oil has bounced off the lower median line, but is still in the downtrend. Natural gas is testing resistance.

The US 30 year Treasury is rising with inflation concerns.

The US Dollar futures are up as the dollar inflows continue but pulling back a bit.

_____________________

S&P 500 Futures_

Month – New highs. Trade pressures are up. Volumes closed the month of March as bullish. The next target up is 4366. A close below 3569 would confirm any weekly move lower.

Weekly – In the November 2020 move up from 3550. Trade pressures are up and trending but at lower indicator highs. Volumes are bullish. The next target up is 4094. A close below 3772 would confirm any daily move lower.

Daily – In the new up trend and above the 4013 upside target. Trade pressures are up and extended. Volumes are bullish.  The next target up is 4069.50. A close below 3954 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 rebounded this week and ended the week at approximately $119,000, up 19% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March and a low of $100,000 a few weeks later and now up again and, somehow, still outperforming the S&P averages.

 

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper has both time frames with trade pressures down. Gold is pulling back to the lower median line and Silver continues moving sideways.

Crude Oil is setting up for a short. Natural gas might make a move on the next bullish reversal of the trade pressures.

The US 30YR Treasury is in the long move down but may make a move into the 160’s first.

THe US Dollar futures are in the move up to the 93.88 level.

_____________________

S&P 500 Futures_

Monthly – In consolidation above the 3918 target. Trade pressures are up. Volumes closed the month of February as Bullish. The next target up is 4366. A close  below 3491 would confirm any weekly move lower.

Weekly – In the move up from the 3550 entry. Trade pressures are up but showing divergences. Volumes are bullish. The next target up is 4094. A close below 3675 would confirm any daily move lower.

Daily – Short. In the move down from the 3918 short entry. Trade pressures are up. Volumes are bullish. The next target down is 3830. A close above 3978 would signal higher.

[3-31-21: New highs , short invalidated.]

_____________________

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 dropped hard this week and ended the week at approximately $110,000, up 10% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March. However, still outperforming the S&P averages.

Three stocks will replaced Monday. Crowdstrike Holdings (CRWD), United Microelectronics (UMC), and Zoom (ZM) will be replaced by FUTU Holdings (FUTU), Horizon Therapeutics (HZNP) and Boston Beer (SAM).

 

[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

The Boston Beer Company, Inc.

The Boston Beer Company, Inc. (SAM) remains well-positioned to benefit from the hard seltzer craze, as well as continuing demand for craft brews. Many folks who are looking to cut calories and carbs have turned to hard seltzers, as evidenced by the more than $4.0 billion in sales in 2020. Recent data from NielsenIQ showed hard seltzer sales soared 160.4% year-over-year in 2020 to $4.14 billion.

Based on the Boston Beer Company’s fourth-quarter results, it grabbed its fair share of the hard seltzer market last year. Company management noted, “The growth of the Truly brand, led by Truly Lemonade Hard Seltzer, continues to be very strong and well ahead of the hard seltzer category.” The Truly brand experienced triple-digit volume growth last year. And to further take advantage of this strength, the Boston Beer Company introduced Truly Iced Tea Hard Seltzer earlier this year.

For the fourth quarter overall, the Boston Beer Company saw a 54% increase in shipments and achieved revenue of $460.9 million, or 53% year-over-year growth. Fourth-quarter earnings surged 135.7% year-over-year to $32.8 million, or $2.64 per share, which topped estimates for earnings of $2.62 per share.

Looking ahead to fiscal year 2021, SAM is focusing its attention on the Truly and Twisted Tea brands in order to maintain its leading position and increase market share as more beverage companies introduce seltzers this year. Full-year 2021 earnings are expect to grow between 28.8% and 54.5%. SAM is a Moderately Aggressive buy below $1,334.

SOM Technicals:

3-27-21: Closed at 1159.99. Trade pressures are neutral. Volumes are  bullish. Testing resistance. The next target up is 1236.

04-03-21: Closed at 1184.68. Trade pressures are up but declining. Volumes are bearish. the next target down is 1145.

04-10-21: Closed at 1253.10. Trade pressures are up. Volumes are bullish. The next target up is 1273.15.

04-16-21: Closed at 1294.93. Trade pressures are up. Volumes are bullish. The next target up is 1368.45.

04-24-21: Closed at 1283.90. Trade pressures are rising into the neutral zone. Volumes are now neutral. The next target up is 1368.

 

Futu Holdings Ltd.

Futu Holdings Ltd. (FUTU), our Chinese online brokerage platform, continues to attract more paying clients throughout Asia and the world. The company added 98,632 paying customers in the fourth quarter, with more than half of these clients from Hong Kong and overseas. At the end of 2020, FUTU had a total of 516,721 paying clients, which represented a 160.5% year-over-year increase.

FUTU also noted that its total number of registered clients jumped 97.8% year-over-year to 1.42 million, while its total number of users rose 58.6% year-over-year to 11.9 million. Thanks to the increase in folks dipping their toes into the financial markets, FUTU also achieved blowout quarterly and yearly results.

For its fourth quarter, FUTU reported total revenue of HK$1.2 billion, or a 281.6% year-over-year increase. Adjusted earnings surged to HK$552.9 million. In U.S. dollar terms, Futu Holdings achieved fourth-quarter revenue of $153 million and adjusted earnings of $71.3 million. Fourth-quarter earnings per ADS surged 880% year-over-year to $0.49, up from $0.05 per ADS in the same quarter a year ago. That topped estimates for earnings of $0.45 per ADS by 8.9%.

For fiscal year 2020, Futu Holdings announced total revenue of $427 million and adjusted earnings of $175.9 million. That represented 213.3% annual revenue growth and 655% annual earnings growth. Full-year earnings per ADS increased 712.5% year-over-year to $1.30, also beating estimates for earnings of $1.19 per ADS.

In the wake of the strong quarterly report, the analyst community increased its full-year outlook in the past week. FUTU’s full-year 2021 earnings are now forecast to soar 148.7% year-over-year to $2.96 per ADS, up from previous estimates for $2.40 per ADS. FUTU is an Aggressive buy below $156.

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. 

 

Horizon Therapeutics Ltd.

Horizon Therapeutics Ltd. (HZNP) develops treatments for rare and rheumatic diseases. The company’s current portfolio includes 10 medicines that are available in the U.S.: KRYSTEXXA for gout; DUEXIS, PENNSAID, RAYOS and VIMOVO for inflammation; TEPEZZA for ophthalmology; and ACTIMMUNE, BUPHENYL, PROCYBSI and RAVICTI for rare diseases. Horizon Therapeutics also recently acquired Viela, which expands the company’s pipeline to include UPLIZNA, a treatment for a rare autoimmune disease.

Thanks to its expanding pipeline and strong sales of KRYSTEXXA and TEPEZZA, Horizon Therapeutics achieved record results in the fourth quarter of 2020. In the fourth quarter, KRYSTEXXA sales accounted for $128.9 million, while TEPEZZA sales came in at $343.7 million. Total fourth-quarter sales soared 105% year-over-year to $745.3 million.

Horizon Therapeutics also reported that fourth-quarter earnings surged 129% year-over-year to $1.28 per share, up from $0.56 per share in the same quarter a year ago. The consensus estimate called for earnings of $1.06 per share on $693.54 million, so HZNP topped earnings estimates by 20.8% and sales forecasts by 7.5%.

Looking forward to fiscal year 2021, Horizon Therapeutics continues to expect double-digit revenue growth. Full-year revenue is expected to be between $2.7 billion and $2.8 billion, up from $2.2 billion in fiscal year 2020. HZNP is a Moderately Aggressive buy below $94.

SOM Technicals:

03-27-21:Closed at 83.01. Trade pressures are down. Volumes are bearish. The next target down is 76.28.

04-03-21: Closed at 90.50. Trade pressures are up. Volumes are bullish. The next target up is the prior high at 98.54.

04-10-21: Closes at 91.48. Trade pressures are up into the neutral zone. Volumes are bullish. The next target up is 93.80, the upside resistance.

04-16-21: Closed at 93.24. Trade pressures are up but declining. Volumes are bullish. A close below 92.56 would signal lower.

04-24-21: Closed at 94.63. Trade pressures are up. Volumes are bullish. The next target up is 98.43.

 

Logitech International

Logitech International (LOGI) has done it again. The company boosted its outlook for fiscal year 2021 for the fourth time in the past three months! Clearly, Logitech is continuing to experience strong demand for its computer and at-home office products—headsets, keyboards, mice, speakers, webcams, etc.—amidst the global pandemic.

Logitech’s fiscal year 2021 draws to a close at the end of March, and it looks like the company will unveil record results. For fiscal year 2021, Logitech expects sales to increase 63% year-over-year, compared to previous forecasts for 57% to 60% annual sales growth. Operating income is also forecast to be about $1.1 billion, up from previous estimates for $600 million.

In response to the new guidance, the analyst community has also increased estimates for Logitech’s fourth quarter in fiscal year 2021. For the fourth quarter, earnings are expected to double to $0.84 per share and sales are forecast to jump 54.1% year-over-year to $1.09 billion. LOGI is a Conservative buy below $111.

SOM Technicals:

12-19-20: Closed at 94.85. Trade pressures are up. Volumes are bullish. In the move up from 86.80. The next target up is 99.86.

12-26-20: Closed at 92.96. Trade pressures are down into the neutral zone. Volumes are neutral. The next target up is the prior high at 95.94.

01-01-21: Closed at 97.19. Trade pressures are up. Volumes are bullish. The next target up is 99.86.

01-08-21: Closed at 104.85. Trade pressures are up. Volumes are bullish. Zipped thru the 99.86 level; at the 105.70 target. Expect some retracement.

01-16-21: Closed at 100.91. Trade pressures are down. Volumes are bearish. Now in the new short. The next target down is 97.12 which is also a support level.

01-22-21: Closed at 104.20. Trade pressures are up. Volumes are bullish. Testing the 105 highs.

02-26-21: Closed at 108.50. Trade pressures are down but rising. Volumes are neutral. The next target down is 102.28.

03-05-21: Closed at 95.19. Trade pressures are down. Volumes are bullish. Found support at the 91.99 downside target.

03-13-21: Closed at 98.96. Trade pressures are up. Volumes are bearish. The next target up is 102.26.

03-20-21: Closed at 101.67. Trade pressures are up. Volumes are bullish. The next target up is 105.86.

03-27-21: Closed at 103.99. Trade pressures are down but rising. Volumes are bullish. The next target up is 113.20.

04-03-21: Closed at 107.98. Trade pressures are up. Volumes are bullish. The next target up is 113.20.

04-10-21: Closed at 109.01. Trade pressures are in the neutral zone. Volumes are bullish. The next target up is 113.20. 

04-16-21: Closed at 113.45. Trade pressures are up. Volumes are bullish. The next target up is 114.96.

04-24-21: Closed at 117.60. Trade pressures are up. Volumes are bullish. The next target up is 124.60.

 

Novavax, Inc.

Novavax, Inc. (NVAX) is making its seventh-straight appearance on the Top 5 Stocks list this month, as it continues to aid in the fight against the coronavirus. You may recall that Novavax develops vaccines for the toughest viruses in the world, including the coronavirus. Recently, the company revealed that its vaccine, NVX-CoV2373, had a final efficacy of 96.4% against COVID-19, based on its Phase 3 trial in the U.K. Its South African Phase 2b trial demonstrated 55.4% efficacy against HIV-negative trial patients.

Overall, Novavax announced that NVX-CoV2373 offered 100% protection against hospitalization and death from COVID-19. Company management commented, “We are very encouraged by the data showing NVX-CoV2373 not only provided complete protection against the most severe forms of disease, but also dramatically reduced mild and moderate disease across both trials.”

Novavax plans to submit this data to global regulatory agencies and seek authorization for its COVID-19 vaccine. I should add that Novavax’s vaccine can be stored at normal refrigerator temperatures, and it has secured agreements to deliver about 300 million doses of the vaccine. Novavax is also in talks with the FDA and plans to file an emergency use authorization in the second quarter. NVAX is an Aggressive buy below $282.

SOM Technicals:

9-26-20: Closed at 113.56. Trade pressures are up. Volumes are bullish. The next target up is 129.69.

10-11-20: Closed at 111.12. Trade pressures are up and trending. Volumes are bullish. The next target up is 129.00.

10-17-20: Closed at 107.04. Trade pressures are down. volumes are bearish. A close below 101 would signal lower.

10-24-20: Closed at 93.13. Trade pressures are down and trending. Volumes are bullish. the next target down is 73.45.

10-30-20: Closed at 80.71. Trade pressures are down but rising. The next target down is 73.45. A close above 117.39 would start a new move up.

11-07-20: Closed at 89.86. Trade pressures are up but reversing. Volumes are bullish. Need a close above the 25×5 at 98 to restart the move up.

11-14-20: Closed at 96.60. Trade pressures are up. Volumes are bullish. A close above 100 would signal higher.

11-20-20: Closed at 86.60. Trade pressures are down. Volumes are bearish. At resistance. The next target down is 73.45. A break of the resistance would signal higher to 117.39.

11-29-20: Closed at 126.20. Trade pressures are up. Volumes are neutral. Thru the 117 target and now at the 123 target. The next target up is 160.90.

12-05-20: Closed at 126.25. Trade pressures are up but declining. Volumes are neutral. In a retracement inside the move up. The next target down is 94.06.

12-11-20: Closed at 124.88. Trade pressures are up. Volumes are bearish. The next target up is 162.34.

12-19-20: Closed at 124.85. Trade pressures are up into the neutral zone. Volumes are neutral. Need a break above the 136.00 level to establish a new long.

12-29-20: Closed at 129.34. Trade pressures are up. Volumes are neutral. A close above 133.09 would signal a new move up.

01-01-21: Closed at 111.54. Trade pressures are down. Volumes are bearish. Closed below the 25×5 MA . The next target down is 94.09.

01-08-21: Closed at 121.69. Trade pressures are up but reversing. Volumes are bearish. The next target down is 94.09.

01 -16-21: Closed at 127.43. Trade pressures are up. Volumes are bullish. Have closed above the upper median line. the next target up is the prior high at 150.50.

01-22-21: Closed at 126.98. Trade pressures are down but rising. Volumes are bearish. Support is 105.70.

01-29-21: Closed at 220.69. Trade pressures are up. Volumes up huge on the vaccine trial news, but finished as neutral. The next target up is 248.09.

02-05-21: Closed at 290.18. Trade pressures are up. Volumes are now neutral. Past all near term targets. A double in 20% percent of the portfolio makes the returns soar.

02-12-21: Closed at 289.76. Trade pressures are down into the neutral zone. Volumes are neutral. The next target down is 275.27.

02-19-21: Closed at 277.88. Trade pressures are rising into the neutral zone. Volumes are now neutral. Bounced off support at 250.00.

02-26-21: Closed at 238.42. Trade pressures are down. Volumes are bearish. The next target down is 149.15.

03-05-21: Closed at 174.84. Trade pressures are down. Volumes are bullish. Found support at the 149.15 downside target.

03-13-21: Closed at 202.77. Trade pressures are up. Volumes are bullish. The next target up is 260.18.

03-20-21: Closed at 228.25. Trade pressures are up but declining. Volumes are bullish. The next target up is 260.18.

03-27-21: Closed at 181.84. Trade pressures are down but rising. Volumes are  bearish. The next target down is 147.39.

04-03-21: Closed at 187.17. Trade pressure are up. Volumes are neutral. In the second leg up, but indecisive. Need a close above the 25×5 at 213.48 to get going again.

04-10-21: Closed at 179.51. Trade pressures are up. Volumes are still neutral.  The next target up is the new long entry at 200.62.

04-16-21: Closed at 227.35. Trade pressures are up. Volumes are bullish. The new long entry brought in buyers and a big move up. The next target up is 260.18.

04-24-21: Closed at 207.92. Trade pressures are down. Volumes are bullish. The next target down is the 171.90 support.