#emini #spfutures #SP500 #ES

Market Pressures:

Copper has triggered a long entry but waiting for a bullish reversal. Gold consolidating in the move down. Silver is at downside targets.

Crude oil is in a move up after testing the 200 day MA. Natural Gas is near the 3.33 downside target.

The 30 year Treasury is moving down after the 6.8% inflation print. This inflation point is likely the high, as the crude component dropped during November and will show up in the next data point.

The US Dollar is in distribution; consolidating.
_________________________

S&P 500 Futures_

Monthly – In the move up from the April 2020 long entry at 2801. Trade pressures are up but rolling over. Volumes closed the month of November as bullish. The next target up is 5018. A close below the prior 4339 target would confirm any weekly move lower.

Weekly – In the move up from the November 2020 long entry at 3499. Trade pressures are up but declining. Volumes are now bullish. The next target up is 5473. A close below 4430 would confirm any daily move lower.

Daily – in the move up from the new long entry on Dec 7th at 4598. Trade pressures are up. Volumes are bullish. The next target up is 4725. A close below 4657 would restart the move down. Let’s see if the prior high gets taken out?

____________________

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 turned back up to approximately $142,000, up 42% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March 2021, then a low of $100,000 a few weeks later, and rose once again above 50% in early September.

Both GDP growth estimates and CPI inflation estimates are now showing a deceleration in the rate of increase into the first quarter of 2022 which would be dovish for interest rates. However the market seems to expect continued earnings growth rate and a deceleration in inflation which is very good for the equity markets.

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

#emini #spfutures #SP500 #ES

Market Pressures:

Copper has triggered a new long, but weekly does not confirm. Gold and silver have met downside targets so maybe a small corrective move up.

Crude oil is trying to strait anew move up. Natural gas is in free fall.

The US 30 YR Treasury is in a move up after breaking pout of a channel. Beware of a reverse in the funds flow if the equity markets rebound.

The US Dollar futures are decidedly up; again, a safe haven trade.

____________________

S&P 500 Futures_

Monthly – Now in consolidation. Trade pressures are up but rolling over. Volumes closed the month of November as bullish. The next target up is 5010. A close below the October lows of 4260 would confirm any weekly move lower.

Weekly – In the move up from the 3499 long entry in mid November. Trade pressures are up but declining. Volumes are again bearish. The next target up is the prior upside target of 4590. The next target down is the new short entry at 4437 which would confirm any daily move lower.

Daily – In the move down from the 4657 short entry. Trade pressures are down. Volumes are now neutral. 62% Profit target of 4523 has been met three days in a row. The next target down is 4388. VIX is at very overbot levels. A close above 4605 would signal 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 2021 year. This portfolio has been marked to the market and restarted at $100,000 for the 2021 year.

The portfolio stocks dropped more than the overall market to 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, and rose once again above 50% in early September.

 

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

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is n ear the 4.20 support. Gold and silver both dropped back into the bull flag.

Crude oil is short. Nat gas is long.

The US 30 year Treasury is in a new move up. But look for the next short entry.

The US Dollar futures have dropped back into the rising channel.

_________________________

S&P 500 Futures_

Monthly – Still in the move up, but a retracement seems to have begun. Trade pressures are up but rolling over. Volumes close the month of October as bullish. The next target up is 5018. A close below 4184 would confirm any weekly move lower.

Weekly – In the move u from the November 2020 long entry at 3493. Trade pressures are up but showing divergence. Volumes remain bullish. The next target up is 5481. A close below 4454 would confirm nay daily move lower.

Daily – In the move down from the 4657 short entry. Trade pressures are down. Volumes are now bearish. The next target down is 4564, then 4523.  The 60 minute has a downside target of 4568. This area of targets might be short term support.  A close above 4643 would signal 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 2021 year. This portfolio has been marked to the market and restarted at $100,000 for the 2021 year.

The portfolio stocks dropped more than the overall market to approximately $139,000, up 39% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March 2021, then a low of $100,000 a few weeks later, and rose once again above 50% in early September.

 

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

#emini #spfutures #SP500 #ES

Market Pressures:

Copper in a new long entry. Gold and Silver are in a pull back for the prior moves up.

June ’22 Crude oil is in the move down to perhaps below 70. Natural gas is in the move down to the 4.64 target.

The US 30 year Treasury bond is in a new move up.

The US Dollar futures are in the move up with resistance here at 96.27.

____________________

S&P500 Futures_ ESZ21

Monthly – New highs. Trade pressures are up but rolling over. Volumes closed the month of October as bullish. The next target up is 5018. A close below 4167 would confirm any weekly move lower.

Weekly – In the move up from the November 2020 entry at 3493. Trade pressures are up, but showing some divergence. Volumes remain bullish. The next target up is 5481. A close below 4437 would confirm any daily move lower.

Daily – In the move up off the 10/28 new long entry at 4579. Trade pressures are up but showing similar divergences. Volumes are now bearish. The next target up is 4936. A close below 4640 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 remained the muted over the last week holding at approximately $143,000, up 43% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March 2021, then a low of $100,000 a few weeks later, and rose once again above 50% in early September. October earnings reports seem to have provided some relief.

Quanta Services (PWR) and Temper Sealy (TPX) will be replaced with Endava PLC (DAVA) and TFII International, Inc. (TFII) at the open on Monday.

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

 

The following is provided by Navellier with technical comment from South Ocean Management – pls do your own due diligence.
(For this 2021 year, SOM will track only the Top 5 Hi-Growth Investments.)

https://navelliergrowth.investorplace.com/

High-Growth Investments

Crocs, Inc.

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

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

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

SOM Technicals:

10-30-21: Closed at 162.00 Trade pressures are down but rising into the neutral zone. Volumes are now neutral. The next target up is 175.12.

11-06-21: Closed at 180.17. Trade pressures are up. Volumes are bullish. the next target up is 197.37.

11-12-21: Closed at 180.57. Trade pressures are down into the neutral zone. Volumes are bullish. A close below 173.34 signals lower.

11-19-21: Closed at 175.50. Trade pressures are down. Volumes are now bearish. The next target down is 165.06.

11-28-21: Closed at 168.04. Trade pressures are down. Volumes are bearish. The next target down is 160.62.

12-03-21: Closed at 162.38. Trade pressures are down. Volumes are bearish. The next target down is 146.24. 

12-10-21: Closed at 158.70. Trade pressures are down. Volumes are bearish. The next target down is 146.24.

12-17-21: Closed at 136.12. Trade pressures are down. Volumes are bullish. The next target down is 122.98.

 

 

Endava PLC

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

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

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

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

SOM Technicals:

11-20-21: Closed at 155.76. Trade pressures are down. Volumes are bearish. The next target down is 142.70.

11-28-21: Closed at 151.48. Trade pressures are down. Volumes are bearish. The next target down is 142.79.

12-03-21: Closed at 140.02. Trade pressures are down. Volumes are bearish. The next target down is 124.48.

12-10-21: Closed at 149.69. Trade pressures are down. Volumes are bullish. The next target up is 163.69.

12-17-21: Closed at 148.04. Trade pressures are now up. Volumes are bullish. The next long entry trigger up is 149.05.

 

EPAM Systems, Inc.

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

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

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

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

SOM Technicals:

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

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

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

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

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

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

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

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

 

Extra Space Storage

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

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

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

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

SOM Technicals:

08-26-21: Closed at 183.46. Trade pressures are up. Volumes are bullish. The next target up is 210.40, but at resistance here.

09-04-21: Closed at 193.71. Trade pressures are up. Volumes are bullish. Next target up is 200.32.

09-11-21: Closed at 187.05. Trade pressures are down. Volumes are bearish. The next target down is 181.91.

09-18-21: Closed at 180.12. Trade pressures are down. Volumes are bearish. The next target down is 174.02.

09-26-21: Closed at 172.61. Trade pressures are down. Volumes are bearish. The next target down is 166.05.

10-02-21: Closed at 168.94. Trade pressure are down. Volumes are bearish. At the prior low support, 168.65.

10-09-21: Closed at 171.12. Trade pressures are up. Volumes are bullish. Need a close above the 25×5 MA at 178.29.

10-23-21: Closed at 185.93. Trade pressures are up. Volumes are bullish. The next target up is 188.00.

10-30-21: Closed at 197.37. Trade pressures are up. Volumes are bullish. The next target up is 200.82.

11-06-21: Closed at 194.71. Trade pressures are down into the neutral zone. Volumes are neutral. The next target down is 189.64.

11-13-21: Closed at 187.96. Trade pressures are rising up out of the neutral zone. Volumes are bearish. The next target up is the prior high at 203.99.

11-19-21; Closed at 202.09. Trade pressures are up. Volumes are now bearish. 197.58 starts a new move down.

11-28-21: Closed at 198.79. Trade pressures are down. Volumes are bearish. The next target down is 190.39.

12-03-21: Closed at 201.48. Trade pressures are up. Volumes are bullish. The next target up is the prior high at 207.56.

12-10-21: Closed at 208.71. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is 211.20.

12-17-21: Closed at 215.15. Trade pressures are up. Volumes are bullish. The next target up is 220.42.

 

TFI International, Inc.

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

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

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

SOM Technicals:

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

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

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

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

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

#emini #spfutures #SP500 #ES

Market Pressures:

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

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

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

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

_________________________

S&P 500 Futures_

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

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

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

____________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins the year at $100,000. Only the Top 5 Growth stocks will be tracked this 2021 year. This portfolio has been marked to the market and restarted at $100,000 for the 2021 year.

The portfolio stocks lost $1000 over the last week moving down to approximately $143,000, up 43% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March 2021, then a low of $100,000 a few weeks later, and rose once again above 50% in early September. October earnings reports seem to have provided some relief.

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

#emini #spfutures #SP500 #ES

Market Pressures:

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

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

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

The US Dollar futures are retesting the prior highs.

__________________________

S&P 500 Futures_

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

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

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

____________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins the year at $100,000. Only the Top 5 Growth stocks will be tracked this 2021 year. This portfolio has been marked to the market and restarted at $100,000 for the 2021 year.

The portfolio stocks gained $4000 over the last week moving up to approximately $144,000, up 44% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March 2021, then a low of $100,000 a few weeks later, and rose once again above 50% in early September. October earnings reports seem to have provided some relief.

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

 

#emini #spfutures #SP500 #ES

Market Pressures:

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

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

The US 30 Year Treasury is testing the upside resistance.

The US Dollar futures are also testing upside resistance.

________________________

S&P 500 Futures_

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

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

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

____________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins the year at $100,000. Only the Top 5 Growth stocks will be tracked this 2021 year. This portfolio has been marked to the market and restarted at $100,000 for the 2021 year.

The portfolio stocks gained $10.000 over the last week leaving to approximately $140,000, up 40% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March 2021, then a low of $100,000 a few weeks later, and rose once again above 50% in early September. October earnings reports seem to provide some relief.

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

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

The following is provided by Navellier with technical comment from South Ocean Management – pls do your own due diligence.
(For this 2021 year, SOM will track only the Top 5 Hi-Growth Investments.)

https://navelliergrowth.investorplace.com/

High-Growth Investments

Crocs, Inc.

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

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

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

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

SOM Technicals:

10-30-21: Closed at 162.00 Trade pressures are down but rising into the neutral zone. Volumes are now neutral. The next target up is 175.12.

11-06-21: Closed at 180.17. Trade pressures are up. Volumes are bullish. the next target up is 197.37.

11-12-21: Closed at 180.57. Trade pressures are down into the neutral zone. Volumes are bullish. A close below 173.34 signals lower.

11-19-21: Closed at 175.50. Trade pressures are down. Volumes are now bearish. The next target down is 165.06

 

EPAM Systems, Inc.

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

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

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

SOM Technicals:

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

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

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

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

 

Extra Space Storage, Inc.

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

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

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

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

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

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

SOM Technicals:

08-26-21: Closed at 183.46. Trade pressures are up. Volumes are bullish. The next target up is 210.40, but at resistance here.

09-04-21: Closed at 193.71. Trade pressures are up. Volumes are bullish. Next target up is 200.32.

09-11-21: Closed at 187.05. Trade pressures are down. Volumes are bearish. The next target down is 181.91.

09-18-21: Closed at 180.12. Trade pressures are down. Volumes are bearish. The next target down is 174.02.

09-26-21: Closed at 172.61. Trade pressures are down. Volumes are bearish. The next target down is 166.05.

10-02-21: Closed at 168.94. Trade pressure are down. Volumes are bearish. At the prior low support, 168.65.

10-09-21: Closed at 171.12. Trade pressures are up. Volumes are bullish. Need a close above the 25×5 MA at 178.29.

10-23-21: Closed at 185.93. Trade pressures are up. Volumes are bullish. The next target up is 188.00.

10-30-21: Closed at 197.37. Trade pressures are up. Volumes are bullish. The next target up is 200.82.

11-06-21: Closed at 194.71. Trade pressures are down into the neutral zone. Volumes are neutral. The next target down is 189.64.

11-13-21: Closed at 187.96. Trade pressures are rising up out of the neutral zone. Volumes are bearish. The next target up is the prior high at 203.99.

11-19-21; Closed at 202.09. Trade pressures are up. Volumes are now bearish. 197.58 starts a new move down.

 

Quanta Services, Inc.

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

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

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

SOM Technicals:

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

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

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

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

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

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

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

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

 

Tempur Sealy International

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

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

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

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

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

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

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

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

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

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

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

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

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

#emini #spfutures #SP500 #ES

Market Pressures:

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

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

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

The US Dollar futures are in a move down.

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S&P 500 Futures_

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

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

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

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Navellier Top 5 Stocks – This Top 5 model portfolio begins the year at $100,000. Only the Top 5 Growth stocks will be tracked this 2021 year. This portfolio has been marked to the market and restarted at $100,000 for the 2021 year.

The portfolio stocks gained $10.000 over the last two weeks leaving a total value at approximately $139,000, up 39% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March 2021, then a low of $100,000 a few weeks later, and rose once again above 50% in early September. October earnings reports seem to provide some relief.

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