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.)
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.