#emini #spfutures #SP500 #ES

Market Pressures_

Copper is consolidating at a downside target. Gold and silver are in a sharp pullback.

Crude oil has spiked down and recovered somewhat. Natural gas is in a new move up.

US 30 year Treasury Bonds are pulling back from all time highs.

The US Dollar futures are in a sharp move up.

______________________

S&P 500 Futures_

Monthly – The move down to the 100% retracement target at 2461 has been reached. Trade pressures are down and oversold. Volumes closed as bearish foe the month of February. The next target down is the Dec 2018 low at 2322. A close above 2904 would confirm a weekly move higher.

Weekly – Completed the move down to the 1.62% target near 2360. Trade pressures are down. Volumes are bullish. The next target down is the 2360 target. The close above the 2660 has confirmed the new long daily move up.

Daily – Long. In the move up from the 2507 new long entry. Trade pressures are down. Volumes are bearish. The next target up is 2713. A close below 2532 would signal lower once again.

Downward time pressures end March 30th.

[3-16-20: Out at 2532 stop.]

_______________________

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 portfolio is down this week to approximately $87,000 or minus 13% YTD, in this March month. The 13% gains from these first two months of 2020 have evaporated. But the fundamentals should remain intact. This portfolio was down 20% mid week but reversed quickly in this market.

 

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

 

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is is the long trade but close to a stop. Gold and silver are the safe havens in the equity swoon.

Crude Oil is down hard with the Saudis and the Russians in disagreement on production. Natural gas is in a new long entry.

The US 30 year Treasury is at all time highs, due fro a pullback?

The US Dollar futures are down hard and more to go. Normally this move down would support equity prices.

_______________________

S&P 500 Futures_

Monthly – In the move down from the 3176 short confirmation. Trade pressures are down. Volumes closed the month of February as bearish. The next target down is 2818. A close above 3230 would confirm any weekly move higher.

Weekly – In the move down from the 3238 short confirmation level. Trade pressures are down. Volumes are now neutral. The next target down is 2763. A close above 3107 would confirm any daily move higher. Price did trade up to the 3107 level but could not close there.

Daily – Flat.  Trade pressures are down but rising. Volumes are six days neutral. The mid week move up above the 2908 set the long entry trigger. A subsequent close below 3008 reversed the trade to short.

The next target down is the prior low at 2853.

A close next week above 2965 low will signal higher.

The daily ranges are wider than the distance to any stops making trading difficult.

_______________________

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 portfolio is down this week to approximately $97,000 or minus 3% YTD, in this February month. The 13% gains from these first two months of 2020 have evaporated. But the fundamentals should remain intact. This portfolio was up 4% mid week but reversed quickly in this market.

 

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is Testing the prior low; should bounce with equities. Gold and Silver have sold off dramatically.

Crude oil is at lows but also likely to rally with the equity markets. Natural gas is completely sold out.

The 30 year Treasury Bond is at 10 year highs.

The US Dollar futures are down as the Bonds rise.

_______________________

S&P 500 Futures_

Monthly – In the move down. Trade pressures are down. Volumes are bearish. Thru the short confirmation at 3176. The next target down is 2618. A close above 3230 would confirm a weekly move higher.

Weekly – In the move down from the 3238 level. Trade pressures are down. Volumes are bearish. The next target down is 2763. A close above 3107 would confirm any daily move higher.

Daily  – Flat. Moved down thru all daily targets. The August low seems to have acted as support. Trade pressures are down and oversold. Volumes are neutral after a short covering rally late Friday. Thee next target down is a retest of the Friday low at 2853 and then 2737.

A close above 2908 would signal higher.

[3-2-20: long. 2988 long entry triggered; stops at the entry 2988.]

[3-3-20: Rate cut stalls market. Sell ES @3097.]

_______________________

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 portfolio is down this week to approximately $98,000 or minus 2% YTD, in this February month. The 13% gains from these first two months of 2020 have evaporated. But the fundamentals should remain intact.

Two stocks are to be replaced Monday morning at the open. Invitation Homes (INVH)  will replace Next Era Energy (NEE). Arch Capital Group (ACGL) will replaced by Leidos Hldgs (LDOS).

 

[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 2020 year, SOM will track only the Top 5 Hi-Growth Investments.)

https://navelliergrowth.investorplace.com/

Navellier says,

High-Growth Investments

Copart, Inc.

Copart, Inc. (CPRT) had humble beginnings as a regional salvage auctioneer in the U.S. But, over the past 28 years, the company has grown to become a leading online auctioneer for vehicles, with more than 200 hundred locations in 11 countries around the world. And, in 2019, Copart had more than two million unique international visitors to its site.

On February 19, Copart announced results for its second quarter in fiscal year 2019. Second-quarter revenue increased 18.6% year-over-year to $575.1 million, falling just shy of analysts’ estimates for $576.04 million. Earnings jumped 28.4% year-over-year to $168.7 million, or $0.71 per share, which topped estimates for $0.66 per share.

CPRT pulled back on the revenue miss, but given the company’s double-digit forecasted earnings growth, I view this recent dip as a great buying opportunity. CPRT is a Conservative buy below $88.

SOM Technicals:

11-22-19: Closed at 89.26. Trade pressures are up. Volumes are neutral. In the uptrend. The next target up is 95.56.

11-30-19: Closed at 89.00. Trade pressures are up but declining. Volumes are neutral. The next target up is 94.81.

12-7-19: Closed at 88.58. Trade pressures are in the neutral zone. Volumes are bearish. Still in the uptrend.

12-12-19: Closed at 88.62. Trade pressures are up. Volumes are neutral.. The next target up is 94.81.

12-21-19: Closed at 90.72. Trade pressures are down into the neutral zone. Volumes are bullish. the next target up is 94.81.

1-4-20: Closed at 92.66. Trade pressures are up. Volumes are bullish. The next target up is 94.81.

1-18-20: Closed at 97.12. Trade pressures are up but turning down. Volumes are bullish. Consolidating at the 84.81 target.

1-25-20: Closed at 100.29. Trade pressures are up. Volumes are bullish. The next target up is 108.17.

1-31-20: Closed At 101.46. Trade pressures are up but declining. Volumes are bearish. Still in the move up. 98.97 would trigger a sell.

2-7-20: Closed at 102.58. Trade pressures are up but diverging. Volumes are bullish. A close below 98.97 would signal lower.

2-16-20: Closed at 103.25. trade  pressures are down into the neutral zone. Volumes are bullish. A close below 98.97 would signal lower.

2-23-20: Closed at 95.25. Trade pressures are down. Volumes are neutral. The downside target at 90.82 held as support. The next target down is 90.82.

2-29-20: Closed at 84.48. Trade pressures are down. Volumes are bullish. At the 200 day MA. A close above 87.30 would signal higher.

3-6-20: Closed at 80.19. Trade pressures are down but rising. Volumes are bearish. Just below the 200 day MA.

3-14-20: Closed at 73.84. Trade pressures are down but rising. Volumes are now bullish.at the 1.62% down side target. Need a close above 75.87 to move higher.

3-21-20: Closed at 60.15. Trade pressures are down but rising. Volumes are bearish. The next target down is 55.67. need a close above 67.12 to restart any move up.

 

Leidos Holdings, Inc.

Leidos Holdings, Inc. (LDOS) was added to the High-Growth Investments Buy List in the February 2020 Monthly Issue. If you recall, Leidos is one of the leading aerospace and defense companies in the world. It works closely with the U.S. government and federal agencies, including the Department of Defense, the Department of Homeland Security and Social Security Administration, as well as several branches of the U.S. military.

On February 18, Leidos revealed strong momentum in its business, as total net bookings in 2019 came in at $14.5 billion. The company also reported full-year adjusted earnings of $5.17 per share on $11.09 billion in revenue, or 8.8% annual revenue growth and 18% annual earnings growth. These results topped analysts’ estimates for earnings of $4.99 per share and revenue of $10.98 billion.

Leidos also provided a solid outlook for fiscal year 2020, which has inspired the analyst community to up their earnings forecasts for the first quarter and full-year 2020. For the first quarter, analysts are looking for 9.7% annual earnings growth and 17.7% annual revenue growth.

I should add that LDOS is a good dividend play, too. The company has paid a dividend for 32-straight quarters. Leidos will pay a quarterly dividend of $0.34 per share on April 2 to all shareholders of record on March 13. The stock has a 1.3% dividend yield. LDOS is a Conservative buy below $108.

SOM Technicals:

2-29-20: Closed at 102.65. Trade pressures are down. Volumes are neutral. The 200 day support is at 88.65.

3-6-20: Closed at 105.68. Trade pressures are down. Volumes are neutral. At the 100% down side target. 200 day MA is 89.48.

3-14-20: Closed at 90.31. Trade pressures are down and over sold. Volumes are bullish. At the 1.62% downside target. Need a close above 90.97 to start a new move up.

3-21-20: Closed at 72.51. Trade pressures are down. Volumes are bearish. At the down side target. Need a close above 79.47 to start any new move up.

 

Invitation Homes, Inc.

Invitation Homes, Inc. (INVH) was also a new addition to the High-Growth Investments Buy List in February. As a real estate investment trust (REIT), Invitation Homes provides quality single-family rental homes in 17 popular U.S. cities, including Atlanta, Chicago, Dallas, Denver, Las Vegas, Los Angeles, Orlando, Phoenix, San Diego, Seattle and Tampa.

On February 18, the REIT released earnings for its fourth quarter in fiscal year 2019. Fourth-quarter earnings doubled to $52 million, or $0.10 per share, while revenue grew 2.7% year-over-year to $444 million. The consensus estimate called for earnings of $0.06 per share, so INVH posted a stunning 66.7% earnings surprise.

Invitation Homes also reported that “2019 was an excellent year” for the REIT. It achieved earnings of $145 million, or $0.27 per share on revenue of $1.77 billion. That compared to an earnings per share loss of $0.01 and revenue of $1.72 billion in fiscal year 2018.

As a REIT, Invitation Homes is also required to distribute at least 90% of its taxable income to shareholders in the form of dividends. Most recently, INVH paid a quarterly dividend of $0.15 per share on February 28. The stock has a 2.1% dividend yield. INVH is a Conservative buy below $31.

SOM Technicals:

2-29-20: Closed at 28.69. Trade pressures are down. Volumes are bullish. Consolidating now at 27.96,  the 200 day MA.

3-6-20. Closed at 29.54. Trade pressures are down into the neutral zone. Volumes are bullish. The 200 day MA at 29.11 seems to hold.

3-14-20: Closed at 27.95. Trade pressures are down but rising and showing some divergences. Volumes are neutral. After spiking down to 22, price has closed above a new long entry at 25.15.

3-21-20: Closed at 17.19. Trade pressures are down. Volumes are bearish. The next target down is 13.50. Need a close above 20.02 to restart a move up.

 

S&P Global, Inc.

S&P Global, Inc. (SPGI) is well-known for providing up-to-date financial information through its several business divisions, including S&P Global Ratings, S&P Market Intelligence, S&P Dow Jones Indices and S&P Global Platts. Institutional and individual investors alike rely on S&P Global for their data and custom indices.

On February 6, S&P Global revealed fourth-quarter earnings and revenue that topped analysts’ expectations. Fourth-quarter earnings rose 5.7% year-over-year to $541 million, or $2.20 per share, and revenue increased 13% year-over-year to $1.74 billion. Analysts were looking for earnings of $2.43 per share and revenue of $1.7 billion.

The company also noted that it added several new products during 2019, which added to the company’s top and bottom lines. S&P Global reported 9% annual earnings growth and 7% annual revenue growth for fiscal year 2019.

And S&P Global continues to reward its shareholders quarter-after-quarter. The company has paid a dividend for an incredible 160-straight quarters. S&P Global will pay a quarterly dividend of $0.67 per share on March 11 to all shareholders of record on February 26. The stock has a 1.0% dividend yield. SPGI is a Conservative buy below $279.

SOM Technicals:

12-21-19: Closed at 271.66. Trade pressures are rising into the neutral zone. Volumes are bearish. The next target up is 284.50.

1-4-20: Closed at 276.91. Trade pressures are up. Volumes are bullish. The next target up is 296.

1-18-20: Closed at 296.79. Trade pressures are up. Volumes are bullish. The next target up is 303.26.

1-25-20: Closed at 294.83. Trade pressures are up but declining. Volumes are neutral. 25×5 support is at 283.52.

1-31-20: Closed at 293.73. Trade pressures are down. Volumes are bearish. The next target up is 303.26.

2-7-20: Closed at 295.48. Trade pressures are rising into the neutral zone. Volumes are bearish. The next target up is 303.26. Support is at 286.

2-16-20: Closed at 307.65. Trade pressures are up. Volumes are bullish. At the 303.26 target.

2-23-20: Closed at 293.25. Trade pressures are down. Volumes are bearish. The next target down is 283.00.

2.29.20: Closed at 265.91. Trade pressures are down. Volumes are bullish. At 257.02, the 200 day MA.

3-6-20: Closed at 271.06. Trade pressures are down into the neutral one., Volumes are bearish. The 200 day MA is 258.76.

3-14-20: Closed at 248.47. Trade pressures down but rising. Volumes are bullish. The spike down and reversal has brought price up to near the new long entry at 250-55.

3-21-20: Closed at 208.79. Trade pressures are down but rising. Volumes are bullish. The next target down is 183.24. Need a close above 22.94 start a new move up.

 

Teledyne Technologies, Inc.

Teledyne Technologies, Inc. (TDY) develops imaging sensors, infrared and X-ray cameras, satellite communication subsystems, aircraft information management systems and monitoring instruments, as well as electronic test and measurement equipment. Its products are used in several industries, including factory automation, oceanographic research, pharmaceutical research and medical imaging.

Back on January 22, Teledyne Technologies unveiled record-breaking results for its fiscal year 2019. The company announced earnings of $402.3 million, or $10.73 per share, on $3.16 billion in sales. That translated to 20.5% annual earnings growth and 9% annual sales growth.

And the company isn’t tapping the brakes any time soon. Teledyne expects first-quarter earnings to grow between 11.4% and 16.3%. Analysts are expecting first-quarter sales to rise 10% year-over-year to $801.26 million. TDY is a Conservative buy below $353.

SOM Technicals:

1-31-20: Closed at 365.06. Trade pressures are don. Volumes are bearish. First support is at 340.

2-7-20: Closed at 384.24. Trade pressures are up. Volumes are bullish. The next target up is 429.

2-16-20: Closed at 389.46. Trade pressures are up. Volumes are bullish. The next target up is 429.

2-23-20: Closed at 385.66. Trade pressures are down into the neutral zone. Volumes are bearish. Support is at the 379.94, the 25×5 MA.

2-29-20: Closed at 337.32. Trade pressures are down. Volumes are bullish.

3-6-20: Closed at 337.62. Trade pressures are down into the neutral zone . Volumes are bearish. The 200 day MA is 320.53.

3-14-20: Closed at 292.34. Trade pressures are down but rising. Volumes are neutral. Below the 200 Day MA and needs a close above 309.67 to start a new move up.

3-21-20: Closed at 233.66. Trade pressures are down but rising. Volumes are bullish. The next target down is the 200 week MA at 202.84. A close above 244 would signal higher.

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in the move up. Gold and silver are in rally mode.

Crude oil is in the move but pulling back. Natural gas is in a similar move.

The US 30 year Treasuries are in the move up.

The US Dollar futures are pulling back after a strong month up.

_______________________

S&P 500_

Monthly – In the move up. Trade pressures are up. Volumes closed the month of January as bullish. The next target up is 3411. A close below 3176 would confirm any weekly move lower.

Weekly – In the move up from the 2943 long entry price . Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is 3484. A close below 3269 would confirm any daily move lower.

Daily – Short . In the move down from the 3336 short entry level. Trade pressures are  down. Volumes are bearish. The next target down is 3237. A close above 3375 would resume the move up. With the weekly pressures down any daily move up is likely to be limited.

[2-23-20: short entered on the Sunday nite open at 3310. Set stops at the entry price.]

[2-26-20: lower stops to 3180.] [2-26-20 PM; close short at 3130.]

 

_______________________

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 portfolio is down this week to approximately $109,000 or 9% YTD, in this February month. This portfolio under performed the S&P 500 last year, but now seems to be slightly ahead.

 

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in the move up. Gold and silver are in a retracement move up but at resistance.

Crude oil is basing look for a new move up. Natural gas is in the hard move down.

US 30 year Treasuries are near a new short entry.

The us Dollar futures remain in the move up as the international funds flow in the the US markets.

_______________________

S&P 500 Futures_

Monthly – Highs again. Trade pressures are up. Volumes closed the month of January as bullish. The next target up is 3411. A close below 3167 would confirm any weekly move lower.

Weekly – In the move up from the 2943 long entry. Trade pressures are up but have reversed. Volumes are bullish. The next target up is 3484. A close below 3260 would confirm any daily move lower.

Daily – Flat. At the 3376 described by multiple targets. Trade pressures are up and trending. Volumes remain bullish. Expect consolidation here. The next target  up is 3478. A close below 3327 would signal lower. But there is also support at the 3313 level.

_______________________

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 portfolio is up approximately to $112,000 or 12% YTD, half way into this  February month. This portfolio under performed the S&P 500 last year, but now seems to be slightly ahead.

 

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in a new long trade. Gold and silver are in the move down, but seem stalled.

Crude oil is testing the recent lows. Natural gas attempted a move up, but has settled back into a basing mode.

The US 30 YR Treasuries are in a move down.

The US Dollar futures are in a strong move up as money flows to the US markets.

_______________________

S&P 500 Futures_

Monthly – Another new high. Trade pressures are up. Volumes closed the month of January as bullish. The next target up is 3411. A close below 3136 would confirm any weekly move lower.

Weekly – Remains in the move up from the 2943 long entry price. Trade pressures are up but turned down. Volumes are bullish again. The next target up is 3484. A close below 3228 would confirm any daily move lower.

Daily – Flat. In a pull back from the 3367 high. Trade pressures are up. Volumes are neutral. The next target up is 3376. A close below 3296 would signal lower.

Is money coming to the US from Asia? The dollar inflows are taking the dollar futures up at a rapid clip.

 

_______________________

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 portfolio is up approximately to 109,000 or 9% YTD after the January month. This portfolio under performed the S&P 500 last year, but now seems to be slightly ahead.

 

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

 

#emini #spfutures #SP500 #ES

Market Pressures_

Copper at lows. Gold and Silver moving higher without much conviction.

Crude oil is down at lows and at weekly support. Nat Gas is still in the move down but showing some accumulation.

The US 30 year Treasuries are at highs. Look for retracement.

The US Dollar fell hard this week. The Euro is the new long trade.

______________________

S&P 500 Futures

Monthly –  first down month in four months. Trade pressures are up. Volumes closed this January month as bullish. The next target up is 3411. A close below 3116 would confirm any weekly move lower.

Weekly – In the move up from the 2943 long entry. Trade pressures are up but turning down. Volumes are bearish. the net target up is 3484. A close below 3178 would confirm any daily move lower.

Daily – Short. In the move down from the 3276 short entry level. Trade pressures are down. Volumes are bearish. The next target down is 3177. A close above 3275 would restart the move up.

NOTE: The December rally started at 3143. with a low pivot at  3072. So, the current uptrend will be intact until that 3072 level is broken.

[2-3-20: Short from the 3247 level. Stops at 3268. New target down is 3230.]

[2-3-20: stopped out in the post market session at the 3247 entry price.]

_______________________

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 portfolio is up approximately to 107,000 or 7%  YTD in this January month so far. Sun Communities (SUI) will be replaced with Teledyne Tech (TDY) at the Monday opening.

 

[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 2020 year, SOM will track only the Top 5 Hi-Growth Investments.)

https://navelliergrowth.investorplace.com/

Navellier says,

High-Growth Investments

Arch Capital Group Ltd.

Originally founded as Risk Capital Holdings, Inc. back in 1995, Arch Capital Group Ltd. (ACGL) started by offering reinsurance underwriting and strategic insurance investments. However, after the company’s name change in 2000, Arch Capital Group initiated a new underwriting strategy in 2001 to better meet the needs of the insurance and reinsurance markets around the world.

Today, Arch Capital Group is a global leader in providing property, casualty and mortgage insurance and reinsurance products. While the company is primarily based in Bermuda, it has operations in Australia, Europe and North America. And in the first nine months of 2019, Arch Capital Group had nearly $32 billion in total assets.

Arch Capital Group’s operating income has continued to steadily climb over the years, rising 103% from $447.2 million in 2017 to $909.2 million in 2018. We’ll have a clearer picture of the company’s operating earnings in 2019 in a couple weeks, but based on results from the first nine months, full-year operating income is expected to surpass the $1 billion mark.

Arch Capital Group plans to announce fourth-quarter and full-year 2019 results after the stock market closes on February 11. Fourth-quarter earnings are expected to soar 47.8% year-over-year to $0.68 per share, up from $0.46 per share in the same quarter a year ago. Analysts have lowered earnings per share forecasts over the past three months, but the firm has posted a positive earnings surprise in each of the last four quarters. ACGL is a Conservative buy below $47.

SOM Technicals:

10-25-19: Closed at 40.80. Trade pressures are up but turning down. Volumes are Neutral. At the 39.05 target levels and in consolidation.

11-2-19: Closed at 41.82. Trade pressures are up. Volumes are bullish. At weekly resistances.

11-9-19: Closed at 40.58. Trade pressures are down. Volumes are bearish. The next target down is 38.93.

11-16-19: Closed at 40.63. Trade pressures are down but rising. Volumes are bearish. In the down trend. The next target down is 39.25.

11-22-19: Closed at 47.08. Trade pressures are down into the neutral zone. Volumes are bearish. In the move down. The next target down is 39.25.

11-30-19: Closed at 41.97. Trade pressures are up. Volumes are bullish. In the move p after a 5% pullback.

12-7-19: Closed at 41.18. Trade pressures are up. Volumes are neutral. In the new move up from the 41.39 level.

12-12-19: Closed at 41.75. Trade pressures are up. Volumes are bullish. Rallying inside the move down.

12-21-19: Closed at 42.67. Trade pressures are up but extended. Volumes are bullish. The weekly has turned up.

1-4-20: Closed at 43.35. Trade pressures are up. Volumes are bullish. The next target up is 44. 38. 

1-18-20: Closed at 45.17. Trade pressures are up. Volumes are bullish. In the new move up from the 44.38 level.

1-25-20: Closed at 44.99. Trade pressures are up but declining. Volumes are bullish. Support is at 43.49.

1-31-20: Closed at 44.16. Trade pressures are down.  Volumes are bearish. The next target down is 41.55.

2-7-20: Closed at 46.15. Trade pressures are up. Volumes are bullish. At the 61% target. The next target up is 50.88.

2-16-20: Closed at 47.68. Trade pressures are up but turning down. Volumes are bullish. The next target up is 50.88.

2-23-20: Closed at 47.12. Trade pressures are up but have made a bearish reversal. Volumes are now bearish. Support is at 46.

 

Copart, Inc.

Copart, Inc. (CPRT) was originally founded as a vehicle salvage yard in California back in 1982, but the entrepreneurial spirit of the company’s owner, Willis J. Johnson, ensured that the company evolved with the times. In fact, as the dot.com era was heating up in the mid-1990s, Copart launched its own website in 1996. By 2003, Copart offered the first online auto auction site.

Today, Copart is still focused on the sale of salvage vehicles from rental car companies, insurance companies, charities, local municipalities and financial organizations. The company’s inventory is kept on more than 8,000 acres of land, and more than 175,000 vehicles are up for auction each day. Copart sells more than two million vehicles every year.

Copart is expected to release earnings and sales for its second quarter in fiscal year 2020 in mid-February. The current consensus estimate calls for earnings of $0.66 per share, or 26.9% annual earnings growth, and revenue of $575.94 million. Analysts have also increased earnings forecasts over the past three months, so a fifth-straight quarterly earnings surprise is likely. CPRT is a Conservative buy below $109.

SOM Technicals:

11-22-19: Closed at 89.26. Trade pressures are up. Volumes are neutral. In the uptrend. The next target up is 95.56.

11-30-19: Closed at 89.00. Trade pressures are up but declining. Volumes are neutral. The next target up is 94.81.

12-7-19: Closed at 88.58. Trade pressures are in the neutral zone. Volumes are bearish. Still in the uptrend.

12-12-19: Closed at 88.62. Trade pressures are up. Volumes are neutral.. The next target up is 94.81.

12-21-19: Closed at 90.72. Trade pressures are down into the neutral zone. Volumes are bullish. the next target up is 94.81.

1-4-20: Closed at 92.66. Trade pressures are up. Volumes are bullish. The next target up is 94.81.

1-18-20: Closed at 97.12. Trade pressures are up but turning down. Volumes are bullish. Consolidating at the 84.81 target.

1-25-20: Closed at 100.29. Trade pressures are up. Volumes are bullish. The next target up is 108.17.

1-31-20: Closed At 101.46. Trade pressures are up but declining. Volumes are bearish. Still in the move up. 98.97 would trigger a sell.

2-7-20: Closed at 102.58. Trade pressures are up but diverging. Volumes are bullish. A close below 98.97 would signal lower.

2-16-20: Closed at 103.25. trade  pressures are down into the neutral zone. Volumes are bullish. A close below 98.97 would signal lower.

2-23-20: Closed at 95.25. Trade pressures are down. Volumes are neutral. The downside target at 90.82 held as support. The next target down is 90.82.

 

 

NextEra Energy, Inc.

NextEra Energy, Inc. (NEE) had humble beginnings back in 1925 as the Florida Power & Light Company. It started operations with laundry services, ice companies and an ice cream business, as well as power plants, gas plants and water facilities. Today, NextEra Energy is a leading energy company, with two electric companies in Florida, a renewable energy business (wind, sun and battery storage) and eight nuclear power units.

The company posted fourth-quarter 2019 results on January 24. Fourth-quarter adjusted earnings came in at $706 million, or $1.44 per share, which was down from $718 million, or $1.49 per share, in the same quarter a year ago. That fell short of analysts’ estimates for $1.49 per share.

NextEra Energy also reported full-year 2019 adjusted earnings of $4.06 billion, or $8.37 per share, representing 10.6% annual earnings growth. Thanks to the strong financial and operational performance in 2019, NextEra Energy expects 2020 adjusted earnings per share between $8.70 and $9.20, or 3.9% to 10% annual earnings growth. NEE remains a Conservative buy below $286.

SOM Technicals:

6-28-19: Closed at 204.86. Trade pressures are down into the neutral zone. Volumes are bearish. The support level is 201, the uptrend stop line.

7-8-19: Closed at 208.11. Trade pressures are in the neutral zone. Volumes are bullish. The next target up is 211. 41.

7-13-19: Closed at 209.42. Trade pressures are up. Volumes are bullish. Consolidating above the 203.88 target.

7-19-19: Closed at 209.73. Trade pressures are up. Volumes are bullish. The next target up is 215.71.

7-28-19: Closed at 209.17. Trade pressures are down into the neutral zone. Volumes are bearish. Support is at 203.72.

8-3-19: Closed at 211.41. Trade pressures are in the neutral zone. Volumes are bullish. Still in the move up and at the 25×5 MA as support.

8-10-19: Closed at 216.40. Trade pressures are neutral. Volumes are bullish. At the 215.71 upside target , expect some consolidation here.

8-17-19: Closed at 217.53. Trade pressures rising in the neutral zone. Volumes are bullish. The next target up is 228.04.

8-25-19: Closed at 221.90. Trade pressures are up. Volumes are bearish. Next target up is 228.04.

8-31-19: Closed at 219.08. Trade pressures are up but turning down. Volumes are bearish. Support at 216. 25.

9-7-19: Closed at 220.14. Trade pressures are down into the neutral zone. Volumes are neutral. support is at the 215.71 prior upside target .

9-14-19: closed at 216.19. Trade pressures are down. Volumes are bearish. At the 25x5MA support line now at 219.84.

9-20-19: Closed at 225.72. Trade pressures are up. Volumes are bullish. New cup and handle with the next target up at 228.04.

9-28-19: Closed at 231.26. Trade pressures are up. Volumes are bullish. 233.27 is the next target up.

10-4-19: Closed at 233.59. Trade pressures are up. Volumes are bullish. At the 233.27 target, expect consolidation.

10-18-19: Closed at 232.48. Trade pressures are up into the neutral ,zone. Volumes are bullish. 233.27 is the next target up, very near.

10-25-19: Closed at 236.88. Trade pressures are up. Volumes are neutral. just above the 233.37 target and in consolidation.

11-2-19: Closed at 235.71. Trade pressures are down into the neutral zone. In consolidation at the 233.27 upside target.

11-919: Closed at 222.08. Trade pressures are down. volumes are bearish. The next target down is 219.74.

11-16-19: Closed at 231.42. Trade pressures are rising in the neutral zone. Volumes are bullish. rising into the 25×5 MA. Expect resistance here.

11-22-19: Closed at 233.38. Trade pressures are up. Volumes are bullish. Consolidating around the 228 target level.

11-30-19: Closed at 233.82. Trade pressures are up but declining. Volumes are neutral. Consolidating at the 228.04 target level.

12-7-19: Closed at 234.39. Trade pressures are up. Volumes are bullish. No direction just to the right.

12-12-19: Closed at 236.95. Trade pressures are up but declining. Volumes are bullish. The next long entry is 238.39.

12-21-19: Closed at 242.71. Trade pressures are up. Volumes are bullish. In the new move up. The next target up is 267.08.

1-4-20: Closed at 240.32. Trade pressures are down. Volumes are bearish. In a retracement move down to the 233 target.

1-18-20: Closed at 253.34. Trade pressures are up and extended. Volumes are bullish. The next target up is 267.08.

1-25-20: Closed at 263.70. Trade pressures are up and trending. Volumes are bullish. The next target up is 267.08.

1-31-20: Closed at 268.05. Trade pressures are up. Volumes are bullish. At the 267.08 target, expect consolidation.

2-7-20: Closed at 269.54. Trade pressures are up but turned down. Volumes are bullish. Consolidating around the 267.08 target.

2-16-20: Closed at 278.52. Trade pressures are up. Volumes are bullish. The next target up is 296.77.

2-23-20: Closed at 277.58. Trade pressures are up but have turned down. Volumes are bullish. The next target up is 296.77.

 

 

S&P Global, Inc.

S&P Global, Inc. (SPGI) has a history that dates all the way back to 1860 when Henry Varnum Poor introduced the first guide to investing in the U.S. railroad industry. Then in 1941, Poor’s Publishing Co. merged with Standard Statistics Co., creating Standard & Poor’s. The company was acquired by McGraw-Hill in 1966, and it wasn’t until 2016 that the company changed its name to S&P Global.

Today, S&P Global is known for providing vital financial information. With multiple divisions, including S&P Market Intelligence, S&P Global Ratings, S&P Dow Jones Indices and S&P Global Platts, the company has flourished into a leading provider of credit ratings, and it is relied on for data and custom indices.

S&P Global will provide earnings results for its fourth quarter on Thursday, February 6, before the stock market opens. The analyst community is looking for earnings of $2.43 per share, or 9.5% annual earnings growth. Analysts have increased earnings estimates over the past two months, which bodes well for another quarterly earnings surprise.

The company also announced this week that it was upping its quarterly dividend by 17.5%. S&P Global will pay a quarterly dividend of $0.67 per share, up from $0.57 per share, on March 11. All shareholders of record on February 26 will receive the dividend. The stock has a 0.9% dividend yield. SPGI is a Conservative buy below $314.

SOM Technicals:

12-21-19: Closed at 271.66. Trade pressures are rising into the neutral zone. Volumes are bearish. The next target up is 284.50.

1-4-20: Closed at 276.91. Trade pressures are up. Volumes are bullish. The next target up is 296.

1-18-20: Closed at 296.79. Trade pressures are up. Volumes are bullish. The next target up is 303.26.

1-25-20: Closed at 294.83. Trade pressures are up but declining. Volumes are neutral. 25×5 support is at 283.52.

1-31-20: Closed at 293.73. Trade pressures are down. Volumes are bearish. The next target up is 303.26.

2-7-20: Closed at 295.48. Trade pressures are rising into the neutral zone. Volumes are bearish. The next target up is 303.26. Support is at 286.

2-16-20: Closed at 307.65. Trade pressures are up. Volumes are bullish. At the 303.26 target.

2-23-20: Closed at 293.25. Trade pressures are down. Volumes are bearish. The next target down is 283.00

 

Teledyne Technologies, Inc.

Teledyne Technologies, Inc. (TDY) is making its first appearance on the Top 5 Stocks list, as we added the stock to the Buy List in the January 2020 Monthly Issue. You may recall that Teledyne Technologies started operations in the semiconductor industry. Today, the company provides digital imaging sensors, as well as cameras and other systems, that are used by several markets, including aerospace and defense, environmental monitoring, electronics design, deepwater oil and gas exploration, medical imaging and pharmaceutical research.

On January 22, Teledyne Technologies revealed record earnings and sales results for its fourth quarter. The company reported fourth-quarter sales of $834.2 million and earnings of $115.7 million, or $3.06 per share, which represented 11.5% annual sales growth and 25% annual earnings growth. Analysts were expecting earnings of $2.74 per share, so TDY posted an 11.7% earnings surprise.

For fiscal year 2019, Teledyne Technologies also broke sales and earnings records. Full-year earnings came in at $402.3 million, or $10.73 per share, and sales were $3.16 billion. That translated to 20.5% annual earnings growth and 9% annual sales growth. Thanks to the robust results, analysts have increased earnings forecasts for fiscal year 2020. TDY is a Conservative buy below $391.

SOM Technicals:

1-31-20: Closed at 365.06. Trade pressures are don. Volumes are bearish. First support is at 340.

2-7-20: Closed at 384.24. Trade pressures are up. Volumes are bullish. The next target up is 429.

2-16-20: Closed at 389.46. Trade pressures are up. Volumes are bullish. The next target up is 429.

2-23-20: Closed at 385.66. Trade pressures are down into the neutral zone. Volumes are bearish. Support is at the 379.94, the 25×5 MA.

 

#emini #spfutures #SP500 #ES

Market Pressures_

Copper followed thru on the short trade. Gold and Silver looked lower but did not trigger.

Crude has continued lower. Natrual Gas is at downside targets; look for a retracement.

The US 30 year Treasuries are in the move up and could extend some more, but be careful.

The US Dollar futures are in the move up, but expect some consolidation here.

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S&P 500 Futures_

Monthly – Remains in the move up. Trade pressures are up. Volumes closed the month of December as bullish. The next target up is 3411. A close below 3116 would confirm any weekly move lower.

Weekly – In the move up from the 2943 long entry. Trade pressures are up. Volumes are bullish even with a lower close. The next target up is 3484. A close below 3188 would confirm any daily move lower.

Daily – Flat. Remains in the move up, Trade pressures are up but have turned down. Volumes are bearish. The next target up is 3375. A close below 3275 would signal lower.

The 60  min is at the lower channel support with neutral volumes. Be alert for a retracement

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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 portfolio is up approximately to 106,000 or 6%  YTD in this January month so far.

 

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