Category: S&P

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is looking lower. Gold and silver are tracking each other sideways.

Crude Oil is lower but expecting a retracement up.

The US 30 Treasury Bond is moving up but will take it’s cue from the US Dollar.

The US Dollar futures are basing and look higher.

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S&P Futures_

Monthly – Trading down hard in the September month. Trade pressures are still up. The Volumes closed the month of August as bullish. The next target up is the 3576 prior high. A close below 3300 will equal the new weekly signal lower.

Weekly – In a retracement down of the prior move up. Trade pressures are up and extended. Volumes are now neutral. The next target up is the prior high at 3576.The next target down at 3273 is the new short entry signal and would confirm any daily move lower.

Daily – A down week, but the 3273 new short entry is not yet triggered. Trade pressures are down and trending. Volumes are bearish. The next target down is that new short entry art 3275. A close above 3358 would signal a retracement move up to test resistance.

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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 2020 year.

The Top 5 portfolio stocks continued the sell off  this last week. The portfolio stocks were flat for the week and are still valued at approximately $110,000, now up 10% for the YTD.

The portfolio fundamentals continue to be important as the market narrows.

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

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper has moved back to the prior highs. Gold and Silver are consolidating around 1950 and 28.

Crude oil has broken down. Natgas is in a retracement down.

The US 30 year Treasury bonds are down with the equity markets, not normal.

The US Dollar futures have met the downside targets and are not showing bullish volumes coming in.

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S&P 500 Futures_

Monthly – In the move up[ from the 2845 long entry. Trade pressures are up. Volumes closed the month of August as bullish. The next target up is 3948. A close below 2953 would confirm any weekly move lower.

Weekly – In the move up from the 2430 long entry. Trade pressures are up. volumes are bullish. The next target up is 3642. A close below 3255 would confirm ant daily move lower.

Daily – Flat. In the move up from the 3173 long entry. Trade pressures are down. Volumes are bullish. The next target up is 3980. A close below 3283 would signal a new move lower. The 25×5 MA at 3345 is acting as support. The 200 day at 3076 is a likely downside target.

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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 2020 year.

The Top 5 portfolio stocks rallied with the ZOOM earnings reports during this last week. The portfolio stocks were up 3% for the week and valued at approximately $110,000, now up 10% for the YTD. The portfolio was up 23% at one point before the selloff late in the week.

The portfolio fundamentals continue to be important as the market narrows.

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

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is moving with the equity markets. Gold and silver both in consolidation inside a retracement move down.

Crude oil is waiting for the producers to further restrict supply. Natural gas remains in the move up towards the 3.00 levels.

The US 30 year Treasury Bond is retracing inside the move up.

The US Dollar futures are trying to move off the recent lows.  May have one more leg down.

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S&P 500 Futures_

Monthly – In the move up. Trade pressures are up. Volumes closed the month of July as Bullish. August volumes appear much lower. The next target up is 3948. A close below 3223.41 would confirm any weekly move lower.

Weekly – Continues in the move up. Trade pressures are up. Volumes are bullish. The next target up is 3582. A close below 3223 would confirm many daily move lower.

Daily – Flat. In the move up. Friday broke up out of a small downward channel to resume the larger move up. Trade pressures are up. Volumes are bullish. The next target up is 3576. A close below 3363 would signal a new move 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 2020 year.

The Top 5 portfolio stocks dropped with earnings reports during this last week. The portfolio stocks were down 5% for the week and valued at approximately $107,000, now up 7% for the YTD. The portfolio fundamentals continue to be important as the market narrows.

DexCom (DXCM) and Genmab (GMAB) will be replaced at the open on Monday with Kroger (KR) and West Pharmaceuticals (WST).

 

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

Navellier Top 5 for September

The following is provided by Navellier with technical comment from South Ocean Management – pls do your own due diligence.
(For this 2020 year, SOM will track only the Top 5 Hi-Growth Investments.)

https://navelliergrowth.investorplace.com/

Navellier says,

High-Growth Investments

DocuSign, Inc.

DocuSign, Inc. (DOCU) has earned its spot on the Top 5 Stocks list for the third-straight month, thanks to strong institutional buying pressure and triple-digit forecasted earnings growth. The reality is that the company has experienced a massive surge in demand for its cloud-based platform that enables businesses and individuals to develop, upload, sign and send agreements and documents virtually.

Its e-signature technology can be easily integrated with several solutions, including Salesforce and Workday. So, it’s been a popular resource in the current work-from-home climate.

DocuSign will release second-quarter results after the stock market closes on Thursday, September 3. The consensus estimate calls for earnings of $0.08 per share, which represents 700% annual earnings growth. Second-quarter revenue is forecast to jump 35.2% year-over-year to $318.57 million, up from $235.6 million in the same quarter a year ago.

Analysts’ earnings estimates have remained relatively steady over the past three months, but DocuSign has posted an average 142% earnings surprise in the past three quarters. So, I wouldn’t be surprised if DocuSign tops analysts’ estimates again. DOCU is a Moderately Aggressive buy below $243.

SOM Technicals:

6-26-20: Closed at 177.58. Trade pressures are up. Volumes are bullish. This spike up is not likel;y to continue in the face of the sell off.

7-4-20: Closed at 190.99. Trade pressures are up. Volumes are bullish. This parabolic move is very uncomfortable.

7-10-20: Closed at 210.11. Trade pressures are up but reversing. A close below 210 would signal lower.

7-18-20: Closed at 196.42. Trade pressures are down but rising. Volumes are neutral. The next target up is 217.

7-24-20: Closed at 190.95. Trade pressures are down. Volumes are bearish. The next target down is 172.23.

7-30-20: Closed at 217.45. Trade pressures are up. Volumes are bullish. The next target up is 257.20.

8-7-20: Closed at 205.00. Trade pressures are down. Volumes are bearish. Dropped thru two downside targets this week. The next target down is 185.06.

8-15-20: Closed at 199.71. Trade pressures are neutral. Volumes are neutral also.Traded down near the 185.06 target and now has moved higher. At the 25×5 MA and looks lower. The next target don is the 185.91 Target.

8-21-20: Closed at 210.18. Trade pressures are up but showing reversal. Volumes are bullish. The next target up is 221.00.

8-29-20: Closed at 215.24. Trade pressures are up. Volumes are bearish. resistance here at the 217.23 level, which is also the new long entry.

9-5-20: Closed at 216.26: Trade pressures are down. Volumes are bearish. Sitting on the 25×5 MA support at 216.

9-12-20: Closed at 197.94. Trade pressures are down. Volumes are bearish. A close below 196.53 triggers a new short entry.

 

 

The Kroger Company

The Kroger Company (KR) is one of the biggest food manufacturing businesses in the U.S., and we added it to the High-Growth Investments Buy List in the August Monthly Issue. Kroger has benefited from the global pandemic, as it has driven more Americans to its online platform, physical stores and pharmacies. And more folks are likely to be knocking down its door, as the company announced recently that it was providing COVID-19 testing at all of its clinic locations.

Kroger is expected to announce second-quarter results in early September. Given strong demand for its services and groceries, the analyst community has upped its earnings forecasts over the past three months. The current consensus estimate calls for second-quarter earnings of $0.50 per share and total sales of $29.62 billion, which represents 5.2% annual sales growth and 13.6% annual earnings growth.

Kroger also continues to reward its shareholders. The company will pay a quarterly dividend of $0.18 per share on Tuesday, September 1. All shareholders of record on August 13 will receive the dividend. The stock has a 2.0% dividend yield. KR is a Conservative buy below $38.

SOM Technicals:

Closed at 35.30. Trade pressures are down. Volumes are bearish. The next short entry is 34.51.

9-5-20: Closed at 35.47. Trade pressures are down. Volumes are bearish. New short entry at 34.84.

9-12-20: Closed at 34.30. Trade pressures are down. volumes are bearish. The next target down is 31.34.

 

Quidel Corporation

Quidel Corporation (QDEL) is making its second-straight appearance on the Top 5 Stocks list since we added it to the High-Growth Investments Buy List in the July Monthly Issue. The company focuses on developing diagnostic tests in the healthcare field, so its business has been booming amidst the coronavirus pandemic.

In fact, Quidel received an emergency use authorization (EUA) from the FDA for its SARS-CoV-2 test, Sofia 2 SARS Antigen FIA. After the nasal swab has been taken from a potential patient with COVID-19, the test takes approximately 15 minutes to run. I should also add that Quidel’s Lyra Direct SARS-CoV-2 assay received Health Canada authorization recently, and the test can now be used in Canada to test for the coronavirus. Needless to say, demand for Quidel’s products remains strong.

Now, as I noted in my August 27 update, QDEL pulled back sharply on Thursday, and the reason why is two-fold. First, the CDC announced this week that it had adjusted its guidelines for the testing of COVID-19. The agency will now exclude individuals who do not have symptoms of the virus. And, second, Abbott Laboratories (ABT) received an EUA from the FDA for its 15-minute COVID-19 test.

Clearly, Wall Street thinks the CDC’s recent announcement and Abbott Labs’ test will cut down on demand for Quidel’s COVID-19 tests. But I think these fears are overblown. With colleges and universities reopening their doors to students in recent weeks, many are requiring COVID-19 tests for students and professors who will be on campus. So, I suspect that demand for Quidel’s COVID-19 tests will remain in top demand for the foreseeable future.

I’m not alone in this thinking. The analyst community has upped their third-quarter earnings forecasts by a whopping 456% in the past three months. Third-quarter earnings are now expected to surge 480% year-over-year. And the company has posted a positive earnings surprise for three-straight quarters. So, I view this week’s dip as a good buying opportunity. QDEL is an Aggressive buy below $187.

SOM Technicals:

7-30-20: Closed at 282.47. Trade pressures are up. Volumes are bullish. The next target up is 367.57.

8-7-20: Closed at 272.76. Trade pressures are down. Volumes are bearish. The next target down is 259.83 the 25×5 MA.

8-15-20: Closed at 245.93. Trade pressures are up. Volumes are bearish. At the 25×5 MA. Should act as resistance. The next target down is 215.00.

8-21-20: Closed at 241.52. Trade pressures are in the neutral zone. Volume are bearish. Appears to want to test the 200.00 support level.

8-29-20: Closed at 162.97. Trade pressures are down hard. Volumes are neutral, short covering? The 200 day MA held as support. A close above 188.83 is the new long entry.

9-5-20: Closed at 154.41. Trade pressures are down. Volumes are bearish. 200 day MA is holding as support.

9-12-20: Closed at 161.19. Trade pressures are rising into the neutral zone. Volumes are now bullish. A close above 188.63 would signal higher.

 

West Pharmaceutical Services, Inc.

West Pharmaceutical Services, Inc. (WST) was one of our new additions to the High-Growth Investments Buy List in the August Monthly Issue. You may recall that West Pharmaceutical Services manufactures quality containment, packaging and drug delivery products at its nearly 50 locations around the world. The company manufactures more than 100 million components each day.

With several biotechs and biopharmaceutical companies developing vaccines and treatments for the coronavirus, West Pharmaceutical Services experienced an increase in demand for its high-value products. The company reported that second-quarter sales rose 12.2% year-over-year to $527.7 million, while adjusted earnings soared 40% year-over-year to $1.25 per share.

Analysts expect product demand to remain strong in the current quarter, as evidenced by the recent earnings revisions. The current consensus estimate calls for earnings of $0.99 per share, up from previous forecasts for $0.84 per share just two months ago. Analysts also expect sales to grow 12% year-over-year to $510.68 million. WST is a Conservative buy below $293.

SOM Technicals:

Closed at 271.32: Trade pressures are down. Volumes are bearish. The next target down is 253.48.

9-5-20: Closed at 263.66. Trade pressures are down. Volumes are bearish. Next target down is 256.43.

9-12-20: Closed at 272.41. Trade pressures are up but rolling over. Volumes are bearish. At the 25×5 resistance now – 273.

 

Zoom Video Communications, Inc.

Zoom Video Communications, Inc. (ZM) is gearing up for a blowout second-quarter earnings report on Monday, August 31. The company’s business has been booming in 2020, as Zoom is a leading provider of online video and audio conference calls, as well as collaboration, chat and webinar tools. With much of the country working remotely during the pandemic, its platform has been in top demand, which should be apparent in the second-quarter results.

For the second quarter, earnings per share are expected to surge 462.5% year-over-year to $0.45, up from $0.08 per share in the same quarter a year ago. Analysts have also upped earnings forecasts by a whopping 309% in the past three months. Typically, positive analyst revisions precede future earnings surprises.

I should add that Zoom has posted an average 284% earnings surprise in the past four quarters. So, another stunning earnings surprise is likely on Monday afternoon. The company is also expected to report second-quarter revenue of $500.45 million, up 243.2% from the $145.8 million achieved in the second quarter of 2019. ZM is an Aggressive buy below $360.

SOM Technicals:

7-30-20: Closed at 253.91. Trade pressures are down but rising into the neutral zone. Volumes are bearish. The next target down is 209.79.

8-7-20: Closed at 258.73. Trade pressures are down. Volumes are Bearish. The next target down is 239.12.

8-15-20: Closed at 244.91. Trade pressures are up. Volumes are bearish. Rising into net bearish volumes after reaching the 227.53. target. Need to get thru the 25×5 MA at 254.63, otherwise more downside.

8-21-20: Closed at 289.68. Trade pressures are up and trending. Volumes are bullish. The resistance was non- existent. A new long entry was triggered at 271.00.

8-29-20: Closed at 299.27. Trade pressures are up. Volumes are bullish. The next target up is 314.82.

9-5-20: Closed at 369.89. Trade pressures are down into the neutral zone. Volumes are bullish. The next target down is 314.78 which would close the gap up. 

9-12-20: Closed at 383.00. Trade pressures are now up. Volumes are bearish. A close below 376 would signal a new leg down.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is showing lower. Gold and silver are both in a retracement down after the big move up.

Crude oil is in a the flat sideways move. Natural gas made a big move up and si now in increasing daily ranges as it tries to find new direction.

The US 30 year Treasury is testing resistance after a move down.

The US Dollar futures are experiencing some short covering.

______________________

S&P 500 Futures_

Monthly – New highs. Trade pressures are up. Volumes closed the month of July as bullish. The next target up is 3948. A close below 2928 would confirm any weekly move lower.

Weekly – In the move up. Trade pressures are up. Volumes are bullish. The next target up is 3485. A close below 3110 would confirm any daily move lower.

Daily – Flat. Moving up through old highs. Trade pressures are up but declining. Volumes remain bullish. The next target up is 3540. The stochastic indicators are all showing over bought. A close below 3306 would signal lower.

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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 2020 year.

The Top 5 portfolio stocks rallied with earnings reports during this last week. The portfolio stocks are up 5% for the week and valued at approximately $112,000, now up 12% for the YTD. The portfolio fundamentals continue to be important as the market narrows.

 

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

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper follows the equity markets and is show some strength, but a failure would trigger a short. Gold and silver sold off hard but bounced right back.

Crude Oil is in the long side ways channel. Natural Gas is in a move up and looks higher still.

The US treasury Bonds are near a new short entry. Just be aware of the stimulus talks.

The US Dollar futures have sold off hard and are now oversold.

_______________________

S&P 500 Futures_

Monthly – Touched a new high intraday. Trade pressures are up. Volumes closed the month of July as Bullish. The next target up is 2289. A close below 2827 would confirm any weekly move lower.

Weekly – In the move up from the 2430 April long entry. Trade pressures are up. Volumes are bullish. The next target up is 3485. A close below 3096 would confirm any daily move lower.

Daily – In the move up from the 2835 May long entry. Trade pressures are up but reversing. Volumes are bullish.

The next target up is 3420.00.

A close below 3293 would signal a new move down.

_______________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins the year at $100,000. Only the Top 5 Growth stocks will be tracked this 2020 year.

The Top 5 portfolio stocks sold off during this last week. The portfolio stocks are down 5% for the week and valued at approximately $107,000, now up 7% for the YTD. We exceeded the 13% gains from the first two months of 2020 early in the prior week; but couldn’t hold them into the week’s close. The portfolio fundamentals continue to be important as the market narrows.

 

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

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in a retracement after the growth stocks sold off. Gold and silver had some profit taking also.

Crude oil rallied to the high end of the range. Nat gas is in a nice move up.

The US Treasuries are In a retracement after a move up.

The US dollar futures have a bullish weekly volume bar in the move down, but no reversal yet.

_______________________

S&P 500 Futures_

Monthly – Another monthly high is this recovery run up. Trade pressures are up. Volumes closed the month of July as bullish. The next target up is 3389. A close below 2927 would confirm any weekly move lower.

Weekly – Near the Q1 prior high at 3375. Trade pressures are up. Volumes are bullish. The next target up is 3485. A close below 3061 would confirm any daily move lower.

Daily – Still in the move up. Trade pressures are up. Volumes are bullish. the next target up is 3375. A close below 3276 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 2020 year.

The Top 5 portfolio stocks rose with the market during this last week. The portfolio stocks are up 2% for the week and valued at approximately $112,000, now up 12% for the YTD. We exceeded the 13% gains from the first two months of 2020 early in the week; but couldn’t hold them into the week’s close. The portfolio fundamentals continue to be important as the market narrows.

 

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

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in a retracement move down. Gold is making another run to 2000. Silver is in a new move down.

Crude oil is still in a tight range between 40-42. Nat Gas is in a second leg up in the new move up.

US 30yr Treasuries continue the move up with the new stimulus on the horizon.

The US Dollar futures are at the downside target and have attracted some short covering.

_______________________

S&P 500 Futures_

Monthly – Continues the grind higher. Trade pressures are up. Volumes closed the month of July as bullish. The next target up is 3389. A close below 2905 would confirm any weekly move lower.

Weekly – Second week of consolidation at the 3230 target level. Trade pressures are up. Volumes are bullish. The next target up is the prior high at 3375. A close below 2998. would confirm any daily move lower.

Daily – Flat. Attempted a move lower but rallied at the end of the week to get back into the rising channel. Trade pressures are up. Volumes are bullish. The next target up is 3375. A close below 3120 would signal lower. Both weekly and daily volumes remain bullish, so the odds favor higher.

_______________________

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 2020 year.

The Top 5 portfolio stocks rose with the market during this last week. The portfolio stocks are up 5% for the week and valued at approximately $110,000, now up 10% for the YTD. We may match the 13% gains from these first two months of 2020; but would do well to remember the down 32% lows of March. The portfolio fundamentals continue to be important as the market narrows.

Clorox (CLX, Nvidia (NVDA) and VIP Shop (VIPS) will be replaced in the portfolio by Genmab (GMAB), Quidel Corp (QDEL) and Zoom (ZM) at the Monday open.

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

Navellier Top Stocks for August

The following is provided by Navellier with technical comment from South Ocean Management – pls do your own due diligence.
(For this 2020 year, SOM will track only the Top 5 Hi-Growth Investments.)

https://navelliergrowth.investorplace.com/

Navellier says,

High-Growth Investments

Dexcom, Inc.

Dexcom, Inc. (DXCM) is certainly thriving in the current environment! Dexcom develops glucose monitoring systems that help diabetic patients test and maintain their blood glucose levels. The best part is that it can all be done remotely. The diabetic wears a sensor and a transmitter that reads glucose levels and provides alerts to a smart phone if levels change drastically.

Well, on Tuesday, Dexcom revealed that its CGM systems have been available in U.S. hospitals and healthcare facilities to assist frontline workers during the pandemic. Due in part to this and strong demand for at-home healthcare options, Dexcom reported stunning second-quarter results.

Second-quarter revenue jumped 34% year-over-year to $451.8 million, topping estimates for $415.74 million. Earnings surged 888.5% year-over-year to $77.1 million, or $0.79 per share, compared to earnings of $7.8 million, or $0.08 per share in the second quarter of 2019. Analysts were expecting earnings of $0.35 per share, so Dexcom beat forecasts by a whopping 125.7%.

Thanks to the strong quarterly results, Dexcom also provided full-year 2020 guidance. The company now expects full-year revenue to grow 25% year-over-year to $1.85 billion. DXCM is an Aggressive buy below $500.

SOM Technicals:

4-25-20: Closed at 332.44. Trade pressures are up but declining. Volumes are bullish. New highs next target up is 350.00.

5-2-20: Closed at 341.52. Trade pressures are down into,the neutral zone. Volumes remain bullish. The pull back could go to 304 and still be in the uptrend.

5-8-20: Closed at 405.50. Trade pressures are up. Volumes are bullish; some selling into this big rally.

5-15-20: Closed at 417.13. Trade pressures are up but declining. Volumes are neutral. support is at 381.00.

5-22-20: Closed at 405.25. Trade pressures are down. Volumes are neutral. In a retracement move down to test the 25×5 MA support at 370.

5-30-20: Closed at 378.31. Trade pressures are down but rising.  Volumes are neutral. Bounced off the 25×5 support level at 370.

6-6-20: Closed at 364.49. Trade pressures are down. Volumes are bullish. The next target down is 300.

6-12-20: Closed at 370.23. Trade pressures are down but rising. Volumes are bullish. In the down trend, the next target down is 310.00.

6-20-20: Closed at 409.36. Trade pressures are up. Volumes are bullish. In a new up trend. the next target up is 454.00.

6-26-20: Closed at 383.06. Trade pressures are down hard. Volumes are bearish. A close below 374.00 would start anew downtrend.

7-4-20: Closed at 407.35. Trade pressures are up. Volumes are bullish. The next target up is 428.59.

7-10-20: Closed at 439.64. Trade pressures are up. Volumes are bullish. The next target up is 459.00. 

7-18-20: Closed at 424.43. Trade pressures are up. Volumes are neutral. The next target up is the prior high at 446.50.

7-24-20: Closed at 422.00. Trade pressures are down. Volumes are bullish. The next target down is 389.00.

7-30-20: Closed at 435.54. Trade pressures are up but showing divergence. Volumes are bullish. The next target down is 384.18.

8-7-20: Closed at 440.70. Trade pressures are up but declining. Volumes are bearish.Support is at 400.00.

8-15-20: Closed at 426.75. Trade pressures are don into the neutral zone. Volumes are bearish. In consolidation. the next target down is 393.91.

8-21-20: Closed at 426.90. Trade pressures are down. Volumes are bearish. The next target down is 393.91.

 

DocuSign, Inc.

DocuSign, Inc. (DOCU) provides an e-signature platform that is utilized by more than 650,000 customers and millions of e-signers. The reality is that DocuSign’s e-signature technology enables businesses to send and sign agreements virtually, with up to 82% of agreements signed in less than 24 hours. And it can be integrated with several popular solutions, like Salesforce and Workday.

In June, DocuSign reported that it saw a significant increase in total customers during its first quarter in fiscal year 2021. Its customer base grew 30% year-over-year to 661,000, up from 508,000. The company also reported first-quarter revenue growth of 39% and earnings growth of 71.4%.

For the second quarter, which is expected to be announced in early September, DocuSign is anticipating revenue between $316 million and $320 million, which represents 34.1% to 35.8% annual revenue growth. Analysts are also forecasting 700% annual earnings growth, or $0.08 per share, up from $0.01 per share in the second quarter of fiscal year 2020. DOCU is a Moderately Aggressive buy below $242.

SOM Technicals:

6-26-20: Closed at 177.58. Trade pressures are up. Volumes are bullish. This spike up is not likel;y to continue in the face of the sell off.

7-4-20: Closed at 190.99. Trade pressures are up. Volumes are bullish. This parabolic move is very uncomfortable.

7-10-20: Closed at 210.11. Trade pressures are up but reversing. A close below 210 would signal lower.

7-18-20: Closed at 196.42. Trade pressures are down but rising. Volumes are neutral. The next target up is 217.

7-24-20: Closed at 190.95. Trade pressures are down. Volumes are bearish. The next target down is 172.23.

7-30-20: Closed at 217.45. Trade pressures are up. Volumes are bullish. The next target up is 257.20.

8-7-20: Closed at 205.00. Trade pressures are down. Volumes are bearish. Dropped thru two downside targets this week. The next target down is 185.06.

8-15-20: Closed at 199.71. Trade pressures are neutral. Volumes are neutral also.Traded down near the 185.06 target and now has moved higher. At the 25×5 MA and looks lower. The next target don is the 185.91 Target.

8-21-20: Closed at 210.18. Trade pressures are up but showing reversal. Volumes are bullish. The next target up is 221.00.

 

Genmab A/S

Genmab A/S (GMAB) was added to the High-Growth Investments Buy List in the July Monthly Issue. If you recall, Genmab is a biotechnology company that’s focused on developing antibody therapeutics to treat cancer. The company currently has two products on the market: DARZALEX, which is FDA-approved to treat multiple myeloma, and Arzerra, which treats chronic lymphocytic leukemia.

Thanks to strong demand for antibody therapeutics and its strategic partnerships, Genmab posted double-digit revenue growth and triple-digit earnings growth in the first quarter. But, considering that analysts have increased earnings forecasts by a whopping 2,128.9% in the past two months, the second-quarter results are lining up to be even more phenomenal.

Second-quarter earnings are expected to surge 4,135% year-over-year to $8.47 per share, up from $0.20 per share in the same quarter a year ago. Revenue is forecast to soar 623.7% year-over-year to $842.71 million, compared to $116.45 million in the second quarter of 2019. GMAB is a Moderately Aggressive buy below $37.

SOM Technicals:

7-31-20: Closed at 34.50. Trade pressures are down. Volumes are bearish. The next target down is 32.04.

8-7-20: Closed at 36.52. Trade pressures are up. Volumes are bullish. the next target up is 37.79.

8-15-20: Closed at 36.92. Trade pressures are up but reversing. Volumes are neutral. The next target down is 33.09.

8-21-20: Closed at 38.23. Trade pressures are up. Volumes are bullish. At the 37.79 target. Expect consolidation here.

 

Quidel Corporation

Quidel Corporation (QDEL) is also making its first appearance on the Top 5 Stocks list this month, given its superior fundamentals and subsequent blowout earnings report on Thursday, July 30. Quidel is a diagnostic healthcare manufacturer that’s focused on improving the quality of healthcare. As such, Quidel has been on the frontlines of the recent pandemic, developing a diagnostic test for COVID-19.

So, it’s no wonder that Quidel crushed expectations for the second quarter. Total second-quarter revenue soared 86% year-over-year to $201.8 million, beating forecasts for $189.79 million. The company noted that it achieved sales of $109 million for its COVID-19 products during the quarter.

Quidel also revealed that second-quarter earnings surged 416.7% year-over-year to $1.86 per share, up from $0.36 per share in the second quarter of 2019. Analysts were expecting earnings of $1.09 per share, so QDEL posted a stunning 70.6% earnings surprise. QDEL is an Aggressive buy below $322.

SOM Technicals:

7-30-20: Closed at 282.47. Trade pressures are up. Volumes are bullish. The next target up is 367.57.

8-7-20: Closed at 272.76. Trade pressures are down. Volumes are bearish. The next target down is 259.83 the 25×5 MA.

8-15-20: Closed at 245.93. Trade pressures are up. Volumes are bearish. At the 25×5 MA. Should act as resistance. The next target down is 215.00.

8-21-20: Closed at 241.52. Trade pressures are in the neutral zone. Volume are bearish. Appears to want to test the 200.00 support level.

 

Zoom Video Communications, Inc.

Zoom Video Communications, Inc. (ZM) is a leading provider of online video and audio conference calls, as well as collaboration, chat and webinar tools. The company’s software-based conference room is utilized by businesses and individuals around the world. In fact, it’s become widely popular throughout the pandemic, with millions accessing the online platform daily to maintain business communications.

So, it’s not too surprising that Zoom had stunning first-quarter results. The company reported total first-quarter revenue growth of 169% and earnings growth of 555%. With many businesses still operating remotely and folks self-isolating at home amidst recent outbreaks, the analyst community is betting that Zoom’s second-quarter results will be equally impressive.

Zoom is expected to release second-quarter results in early September. Currently, analysts are looking for earnings of $0.45 per share, up 462.5% from the $0.08 per share reported in the second quarter of 2019. Analysts have also increased earnings estimates by 309% in the past two months, which bodes well for a fifth-straight quarterly earnings surprise. The company has posted a triple-digit earnings surprise in each of the last four quarters. ZM is an Aggressive buy below $305.

SOM Technicals:

7-30-20: Closed at 253.91. Trade pressures are down but rising into the neutral zone. Volumes are bearish. The next target down is 209.79.

8-7-20: Closed at 258.73. Trade pressures are down. Volumes are Bearish. The next target down is 239.12.

8-15-20: Closed at 244.91. Trade pressures are up. Volumes are bearish. Rising into net bearish volumes after reaching the 227.53. target. Need to get thru the 25×5 MA at 254.63, otherwise more downside.

8-21-20: Closed at 289.68. Trade pressures are up and trending. Volumes are bullish. The resistance was non- existent. A new long entry was triggered at 271.00.