The following is provided by Navellier with technical comment from South Ocean Management – pls do your own due diligence.
(For this 2021 year, SOM will track only the Top 5 Hi-Growth Investments.)
https://navelliergrowth.investorplace.com/
High-Growth Investments
BioNTech SE
BioNTech SE (BNTX) is a German biotechnology company focused primarily on developing treatments for cancer. The company develops cancer immunotherapies that use a patient’s own immune system — mRNA therapeutics, engineered cell therapies, antibodies and small molecule immunomodulators comprise the company’s vast pipeline. So, when the COVID-19 pandemic spread around the globe, BioNTech stepped up to collaborate with Pfizer to develop a vaccine.
As you probably know, the BioNTech-Pfizer vaccine was the first to be fully approved by the FDA. Well, earlier this week, BioNTech and Pfizer revealed favorable results from its Phase 2/3 trial of its COVID-19 vaccine in children between the ages of five and 11 years. The trial studied a smaller dose that’s about one-third smaller than the dose administered to people 12 years or older.
The two companies noted that the vaccine had strong neutralizing antibody responses and a favorable safety profile for children. BioNTech and Pfizer plan to submit the data to the FDA for an emergency use authorization (EUA), as well as to the European Medicines Agency (EMA) for an EU conditional marketing authorization.
This week, BioNTech and Pfizer also were granted an emergency use authorization for its COVID-19 booster shot for high-risk folks and those over the age of 65. The booster should be given six months after the original two doses of the vaccination, and it is expected to provide a “high level of protection against COVID-19.”
Going forward, further approvals of the vaccine will certainly add to BioNTech’s already impressive top- and bottom-line growth. For the third quarter, the consensus estimate calls for earnings of $11.63 per share, up from an earnings per share loss in the same quarter a year ago. I should also add that analysts have upped earnings estimates by 66% in the past month, which bodes well for a fourth-straight quarterly earnings surprise. BNTX is a Moderately Aggressive buy below $429.
SOM Technicals:
08-26-21: Closed at 358.48. Trade pressures are down. Volumes are neutral. At the 25×5 MA support levels. The next target up is the new long entry at 387.39.
09-04-21: Closed at 334.30. Trade pressures are down. Volumes are bearish. At support.
09-11-21: Closed at 349.19. Trade pressures are up. Volumes are bullish. The next target up is 379.77.
09-18-21: Closed at 359.18. Trade pressures are up but rolling over. 384.00 is the next resistance.
09-26-21: Closed at 333.48. Trade pressures are down into the neutral zone. Volumes are bearish. Support at 322 in the bull flag.
10-02-21: Closed at 254.79. Trade pressures are down. Volumes are neutral. Gave up the entire summer advance.
10-09-21: Closed at 245.95. Trade pressures are down but rising. Volumes are bearish. The next target down is the 200 day MA at 203.61.
10-23-21: Closed at 278.34. Trade pressures are up but turning down. Volumes are bearish. The 9-27 gap is nearby. A close above the 25×5 at 295.00 would signal higher.
Extra Space Storage, Inc.
Extra Space Storage, Inc. (EXR) is the second-largest operator of self-storage units in the U.S., as well as the biggest self-storage third-party manager in the country. In fact, managed properties account for about 40% of the REIT’s facilities, and earlier this week, Extra Space Storage revealed that it achieved 800 managed stores in the U.S. The REIT has actually added more than 100 third-party managed locations this year and expects to have added a total of 200 by year end.
Overall, Extra Space Storage operates more than 2,000 self-storage locations, with includes 1.4 million units and about 156 million square feet. Along with its traditional storage units, the REIT also offers RV and boat storage options. So, it’s no surprise Extra Space Storage has strong forecasted earnings, or that analysts have increased estimates over the past three months.
For the third quarter, earnings are forecast to increase 37.5% year-over-year to $1.21 per share. That compares to earnings of $0.88 per share in the third quarter of 2020, and it’s up from analysts’ previous estimates for $1.04 per share.
As a REIT, Extra Space Storage must distribute 90% of its Funds from Operation (FFO) to shareholders via dividends. On September 30, the REIT will pay a third-quarter dividend of $1.25 per share to all shareholders of record on September 15. The stock has a 2.8% dividend yield.
Thanks to its strong fundamentals and dividend history, Extra Space Storage is also one of the rare stocks to receive a coveted AA-rating — in other words, it earns an A-rating in Portfolio Grader and Dividend Grader. EXR is a Conservative buy below $185.
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.
Johnson Controls International
Johnson Controls International (JCI) is helping buildings work “smarter,” with a vast portfolio of sustainable HVAC equipment and controls, fire safety systems and energy storage systems. The company has more than 8,700 active patents aimed at making buildings more energy efficient and sustainable, as well as safer for folks who live, work, learn and play in them.
This week, Johnson Controls added body-worn cameras and autonomous robots to its portfolio of security offerings. Company management commented, “Leveraging artificial intelligence, internet of things and robotics in our security solutions enables us to provide our customers with new levels of operational visibility, situational awareness and autonomous operation.”
Johnson Controls has now earned a spot on the Top 5 Stocks list for four–consecutive months, thanks primarily to robust institutional buying pressure and positive analyst revisions. For the third quarter, earnings are forecast to rise 15.8% year-over-year to $0.88 per share, while revenue is expected to grow 8.8% year-over-year to $6.48 billion.
I should also add that Johnson Controls has a long history of rewarding its shareholders: The company has paid a dividend for an incredible 100-straight quarters! Johnson Controls will pay a third-quarter dividend of $0.27 per share on October 15 to all shareholders of record on September 25. The stock has a 1.5% dividend yield. JCI is a Conservative buy below $79.
SOM Technicals:
06-29-21: Closed at 68.24. Trade pressures are up. Volumes are bullish. The next target down is 62.82. the next target up is 68.33.
07-03-21: Closed at 69.18. Trade pressures are up. Volumes are bullish. The next target up is 75.00.
07-10-21: Closed at 70.06. Trade pressures are up. Volumes are bullish. The next target up is 75.12.
07-15-21: Closed at 70.12. Trade pressures are up but declining. Volumes are bullish. The next target up is 75.12.
08-07-21: Closed at 72.07. Trade pressures are up. Volumes are bullish. The next target up is 75.12.
08-14-21: Closed at 72.82. Trade pressures are up. Volumes are bullish. The next target up is 75.12.
08-21-21: Closed at 73.40. Trade pressures are up. Volumes are bullish. The next target up is 75.12.
08-26-21: Closed at 74.73. Trade pressures are up but rolling over. Volumes are neutral. A close below 71.56 would signal lower.
09-04-21: Closed at 75.02. Trade pressures are rising into the neutral zone. Volumes are neutral as well. Need a break above 75.12 to get a new move up.
09-11-21: Closed at 75.07. Trade pressures are up. Volumes are bearish. the next target down is 71.32.
09-18-21: Closed at 74.59. Trade pressures are down. Volumes are neutral. Support is at 72.88.
09-26-21: closed at 73.57. Trade pressures are up. Volumes are bearish. The next target up is the prior high of 76.83. A close below 71.32 would signal lower.
10-02-21: Closed at 69.02. Trade pressures are down. Volumes are neutral. The next target down is 65.81.
10-09-21: Closed at 69.01. Trade pressures are up. Volumes are neutral. Need a close above the 25×5 MA at 72.42 to get long.
10-23-21: Closed at 73.87. Trade pressures are up. Volumes are bullish. The next target up is 75.12.
Quanta Services, Inc.
Quanta Services, Inc. (PWR) offers specialty contractor services through its vast network of companies in North America and Australia. The company primarily provides infrastructure solutions for electric power, wireless and fiber optic installation, underground utilities and pipelines. Simply put, Quanta Services provides “the infrastructure that powers your world” — and it’s been benefiting from the shift to 5G networks.
In fact, the company achieved 43.2% year-over-year earnings growth and 19.5% year-over-year revenue growth in the second quarter. Thanks to the stunning results, company management upped its outlook for the rest of fiscal year 2021. For fiscal year 2021, Quanta Services expects revenue between $12.0 billion and $12.45 billion and earnings per share between $4.32 and $4.68.
The solid guidance also inspired the analyst community to increase their expectations for the upcoming third quarter. Earnings are now forecast to rise 3.6% year-over-year to $1.45 per share, up from estimates for $1.39 per share two months ago. Remember, positive analyst revisions typically precede future earnings surprises. PWR is a Conservative buy below $127.
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.
Tempur Sealy International
Tempur Sealy International (TPX) is a leading American manufacturer of mattresses and bedding solutions. The company designs and sells mattresses and bedding under a few well-known brands, including Tempur-Pedic, Sealy and Stearns & Foster. Its products are sold through third-party retailers, as well as company stores and e-commerce platforms. So, consumers in more than 100 countries around the world have access to the company’s sleep solutions.
Online sales have been particularly strong for Tempur Sealy recently, as the company achieved 125% year-over-year growth in digital sales in the second quarter. Total second-quarter sales soared 75.8% year-over-year to $1.17 billion. The company also reported that second-quarter adjusted earnings surged 295% year-over-year to $0.79 per share, topping estimates for $0.56 per share.
For the third quarter, the consensus estimate calls for earnings of $0.84 per share and total sales of $1.33 billion. That compares to earnings of $0.73 per share and sales of $1.13 billion in the third quarter of fiscal year 2020. Earnings estimates have also been revised slightly higher in the past two months, so a fifth-straight quarterly earnings surprise is likely. TPX is a Conservative buy below $53.
SOM Technicals:
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.