#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in a move up. Gold and Silver are now in new moves down.

Crude Oil is moving side ways but near a new short entry. Nat Gas is in the move up.

The US Treasuries are in a retracement move down.

The US Dollar futures are also in the retracement move down.

______________________

S&P 500 Futures_

Monthly – Remains in the move up off the 2904 new long entry. Trade pressures are up. Volumes closed the month of August as Bullish. The next target up is 3408. A close below 2808 would confirm any weekly move lower.

Weekly – The weekly move down from 2901 is now stopped out by the close above the 2942. Trade pressures are in the neutral zone. Volumes are bullish. A close once again below 2901 would confirm any daily move lower.

Daily – In the move up from the Aug 28th recross above the 2846 long entry. Trade pressures are up. Volumes are bullish. Now consolidating above the 2959 target and the 3010 down trend resistance line. The next target up is the prior high at 3020. A close below 2928 would signal lower.

______________________

Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 and remains  approximately $113,000, or up about 13 percent for the year-to-date which is trailing the major averages.

 

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in a move up, but pulling back. Gold and silver both are in consolidation at prior highs.

Crude Oil is matching the market trading in a wide channel. Natural Gas is in the long trade.

The US 30 Year Treasuries are also in consolidation; a move below 164 would signal lower.

The US Dollar futures are reaching for the 99.00 level.

______________________

S&P 500 Futures_

Monthly – The month closed down. Trade pressures are up. Volumes closed the month of August as Bullish despite the down Month. The next target up is 3408. A close below the 2808 level would confirm any weekly close lower.

Weekly – In the move down after a close below 2870. Trade pressures are down. Volumes are neutral. The next target down is 2712. A close above 2942 would confirm any daily move higher.

Daily – Flat. A previous short position was stopped out with a small gain. Trade pressures are up. Volumes are bullish.

The next target up is 2959. The 25×5 MA is acting as resistance here. A close below 2886 would reestablish the short position. The 60 minute short entry is below 2914.

Downward time pressures end on 9-5; so tight stops on any short positions.

[9-3-19: Short at 2914. Set stops at 2926. Lower stops to BE asap.]

[9-4-19: Stopped out at the 2914 short entry price.]

______________________

Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 and remains  approximately $113,000, or up about 13 percent for the year-to-date. Cadence Design Systems (CDNS) is replaced by Euronet Worldwide (EEFT). Ingersol Rand (IR) and Insperity (NSP) are replaced by Arbor Realty (ABR) and Capital Southwest (CSWC).

These changes will be effective at the Tuesday 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.

https://navelliergrowth.investorplace.com/

Navellier says,

High-Growth Investments

AutoZone, Inc. (AZO) is making its fifth-straight appearance on the Top 5 Stocks list this month. The leading retailer of automotive parts and accessories continues to benefit from the “do-it-yourself” trend, as more Americans look to perform their own automotive maintenance. And I suspect this will be apparent in the company’s upcoming earnings report.

AutoZone will release earnings and sales results for its fourth quarter in fiscal year 2019 on September 24. The analyst community expects earnings of $21.79 per share on $3.93 billion in revenue, or 10.5% annual revenue growth and 17.5% annual earnings growth.

Now, earnings estimates have fluctuated a bit over the past three months. But AutoZone has posted a positive earnings surprise in each of the last four quarters, and I expect this trend to continue. AZO is a Conservative buy below $1,177.

SOM Technicals:

4-27-19: Closed at 1033.97. Trade pressures are down. Volumes are bearish. At support after reaching the 1024 target. Now in consolidation with a possible retracement.

5-4-19: Closed at 1033.36. Trade pressures are down but rising. Volumes are bearish. Riding the 25×5 MA as support.

5-11-19: Closed at 1001.03. Trade pressures are down. Volumes are bullish. In a retracement after reaching the target at 1024. The next target down is 975.

5-18-19: Closed at 984.09. Trade pressures are down. Volumes are bearish.In the move down. the next target down is 950.

5-25-19: Closed at 1052. Trade pressures are up. Volumes are bullish. The next new long entry is 1057.58.

5-31-19: Closed at 1026.98. Trade pressures are down into the neutral zone. Volumes are bearish. The next target down is 1000.

6-15-19: Closed at 1119.64. Trade pressures are up. Volumes are bullish. The next target up is 1139.

6-22-19: Closed at 1118.47. Trade pressures are up. Volumes are bullish. The next target up is 1200.

6-28-19: Closed at 1097.83. Trade pressures are down into the neutral zone. Volumes are bullish. expect support at 1078, the 25×5 MA.

7-8-19: Closed at 1130.92. Trade pressures are up. Volumes are bullish. Held support. Next target up is 1200.

7-13-19: Closed at 1163.75. Trade pressures are up. Volumes are bullish. The next target up is 1198.

7-19-19: Closed at 1172.25. Trade pressures are up but turning down. Volumes are still bullish. The next target up is 1196.79.

7-28-19: Closed at 1146.18. Trade pressures are down into the neutral zone. Volumes are bearish. Support at 1133.

8-3-19: Closed at 1096.12. Trade pressures are down. Volumes are bearish. Next support is at the 1010 lower median line.

8-10-19: Closed at 1088.66. Trade pressures are down., Volumes are bearish. Lower median line support at 1016.

8-17-19: Closed at 1091.74. Trade pressures are down but rising. Volumes are bullish. resistance at 1122.

8-25-19: Closed at 1065.28. Trade pressures are up into the neutral zone. Volumes are bearish. Support at 1027.

8-31-19: Closed at 1101.69. Trade pressures are up in the neutral zone. Volumes are bearish. At the 25×5 MA resistance.

9-7-19: Closed at 1143.34. Trade pressures are up. Volumes are bullish. The next target up is 1198.

9-14-19: Closed at 1149.26. Trade pressures are up. Volumes are bullish. the next target up is 1198.79.

9-20-19: Closed at 1159.37. Trade pressures are up. Volumes are bullish. Next target up is 1198.

 

Euronet Worldwide, Inc. (EEFT) was a new addition to the High-Growth Investments Buy List in the August Growth Investor Issue. If you recall, Euronet Worldwide is a payment processor that provides secure, convenient and affordable payment and transaction processing for consumers, financial institutions, retailers and service providers around the world.

For the second quarter, Euronet Worldwide posted double-digit earnings and sales growth, and as a result, analysts’ have upped fiscal year estimates recently. First, for the second quarter, EEFT achieved revenue of $691.9 million and earnings of $1.69, or 11% annual sales growth and 28% annual earnings growth. The consensus estimate called for earnings of $1.69 per share on $690.24 million in sales.

Looking ahead, analysts are expecting 11.5% annual sales growth and 26.4% annual earnings growth in fiscal year 2019. EEFT is a Conservative buy below $164.

SOM Technicals:

8-31-19: Closed at 153.14. Trade pressures are up. Volumes are bearish. Needs to break above the 25×5 MA at 153.14

9-7-19: Closed at 152.34. Trade pressures are up but rolling over. Volumes are bearish. The next target down is 141.10.

9-14-19: Closed at 143.73. Trade pressures are down. Volumes are bearish. the next target down is the 200MA at 140.07.

9-20-19: Closed at 145.85. Trade pressures are down but rising. volumes are neutral. 200 day MA support at 140.79.

 

 

NextEra Energy, Inc. (NEE) has been incredibly resilient during the market’s wild gyrations in August. The stock is up about 5% in the past five weeks. Clearly, the world’s largest utility company benefited from the extremely hot weather that plagued much of the U.S. and Europe this summer.

While these results won’t show up until the company’s third-quarter report, second-quarter earnings were also solid. During the second quarter, earnings increased 14.6% year-over-year to $1.33 billion, or $2.35 per share, topping estimates for $2.31 per share. For the third quarter, earnings are forecast to grow 4.1% year-over-year to $2.27 per share.

NextEra Energy is also a strong dividend play for us. The company recently upped its third-quarter dividend by 12.6%. NextEra Energy will pay a quarterly dividend of $1.25 per share on September 16 to all shareholders of record on August 29. The stock has a 2.2% dividend yield. NEE is a Conservative buy below $235.

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.

 

Sun Communities, Inc. (SUI) also exhibited tremendous relative strength in August, climbing about 11% higher over the past five weeks. Sun Communities is a REIT that focuses on acquiring and managing manufactured homes and RV communities in the U.S. and Canada. The REIT owns and/or operates 379 communities, as well as has a portfolio of more than 132,000 developed sites.

Recently, Sun Communities announced its plans to acquire 31 manufactured housing communities for $343.6 million. The 31 communities are located in eight U.S. states and include 5,230 developed sites, as well as 460 expansion sites. The deal is part of the REIT’s merger with Jensen’s, Inc., which will become a subsidiary of Sun Communities when the acquisition is complete.

As a REIT, Sun Communities also has a long history of rewarding shareholders; it’s paid a quarterly dividend for 103-straight quarters. The REIT most recently paid $0.75 per share on July 15. The stock has a 2% dividend yield. SUI is a Conservative buy below $158.

SOM Technicals:

7-28-19: Closed at 133.16. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is 132.85.

8-3-19: Closed at 134.98. Trade pressures are in the neutral zone. Volumes are bullish. Orderly price movement above the upper median line.

8-10-19: closed at 141.23. Trade pressures are rising in the neutral zone. volumes are bullish. Near the 141.88 upside target.

8-17-19: closed at 146.03. Trade pressures are up. Volumes are bullish. The next target up is 149.12.

8-25-19: Closed at 147.82. Trade pressures are up. Volumes are bullish. Touched the 150 high and pulled back with this market.

8-31-19: Closed at 147.30. Trade pressures are up. Volumes are bullish. New highs in a choppy market.

9-7-19: Closed at 149.51. Trade pressures are up. Volumes are neutral. Support is now 144.55.

9-14-19: Closed at 145.66. Trade pressures are down into the neutral zone. Volumes are bearish. Off the lows for the week and above the 25×5 MA.

9-20-19: Closed at 149.83. Trade pressures are up. Volumes are bullish. Continues to rally but resistance comes in at 152.

 

Ubiquiti, Inc. (UI), formerly Ubiquiti Networks (UBNT), rounds out the Top 5 Stocks list this month. As we discussed in the August 23 Weekly Update, Ubiquiti officially changed its name and symbol and started trading under them on the NYSE on August 20. The change was mentioned in the company’s recent earnings report and was likely due to a listing requirement for the NYSE. (The stock previously traded on the NASDAQ.)

Ubiquiti provides professional networking products around the world. In fact, the company ships about 85 million devices that are used to build network infrastructure in more than 200 countries and territories. So, it’s no wonder that Ubiquiti continues to grow its top and bottom lines.

In fiscal year 2019, Ubiquiti achieved earnings of $4.77 per share on $1.2 billion in revenue, or 29.3% annual earnings growth and 14.2% annual revenue growth. Looking forward to fiscal year 2020, analysts are forecasting 14% annual earnings growth and 9.8% annual revenue growth. UI is an Aggressive buy below $127.

SOM Technicals:

5-25-19: Closed at 126.88. Trade pressures are down. Volumes are bearish. The 200 day MA is below at 116.51.

5-31-19: Closed at 120.31. Trade pressures are down. Volumes are neutral. Support is at 117.35, the 200 day MA.

6-15-19: Closed at 128.24. Trade pressures are up into the neutral zone. Volumes are bearish. Then 25×5 MA is acting as resistance.

6-22-19: Closed at 128.42. Trade pressures are in the neutral zone. Volumes are bearish. Support is at 120.65, the 200 day MA.

6-28-19: Closed at 131.50. Trade pressures are in the neutral zone. Volumes are bullish. support remains at 121, the 200 day MA.

7-8-19: Closed at 133.03. Trade pressures are up. Volumes are bullish. A new long at 137.92.

7-13-19: Closed at 129.97. Trade pressures remain in the neutral zone. Volumes are bearish. 123.15 is support at the 200 day MA.

7-19-19: Closed at 133.44. Trade pressures are up. Volumes are bullish. 137.92 is new long entry.

7-28-19: Closed at 135.05. Trade pressures are up. Volumes are bullish. The next target up is 137.92.

8-3-19: Closed at 122.22. Trade pressures are down in the neutral zone. Volumes are now bullish. Support is the lower median line at 117.29.

8-10-19: Closed at 113.95. Trade pressures are down. Volumes are bullish. Price has broken down below the 200 day MA.

8-17-19: Closed at 110.39. Trade pressures are down hard. Volumes are bearish. The next target down is 102.19.

8-25-19: Closed at 108.75. Trade pressures are down hard. Volumes are bearish. Even the buybacks don’t help.

8-31-19: Closed at 110.51. Trade pressures are down but rising. Volumes are bullish. Consolidating at the weekly lows.

9-7-19: Closed at 114.47. Trade pressures are up into the neutral zone. Volumes are bullish. At the 25×5 MA now acting as first resistance.

9-14-19: Closed at 116.62. Trade pressures are in the neutral zone. Volumes are neutral. below the 200 day MA, but rising.

9-20-19: Closed at 118.47. Trade pressures are up in the neutral zone. Volumes are bullish. Above the 25×5 MA and below the 200 day MA. Need the breakout above the 200 day at 128.59.

 

 

Elite Dividend Payers

Arbor Realty Trust(ABR) is a REIT that primarily deals with loans and services for senior housing, multifamily housing, healthcare and other commercial real estate assets. The REIT services a multibillion dollar portfolio that includes real estate loans for several investors like Fannie Mae. In fact, Arbor Realty Trust has been a Top 10 Fannie Mae DUS Multifamily lender for more than 10 years.

And, as a REIT, Arbor Realty Trust continues to rewards its shareholders quarter-after-quarter. It has paid a dividend for 29-consecutive quarters. The company will next pay a dividend of $0.29 per share on Tuesday, September 3. All shareholders of record on August 15 will receive the dividend. The stock has an 8.6% dividend yield. ABR is a Conservative buy below $14.

SOM Technicals:

8-31-19: Closed at 12.55. Trade pressures are up. Volumes are bullish. Testing the downward sloping upper median line.

9-7-19: Closed at 12.35. Trade pressures are in the neutral zone. Volumes are bearish. Moving sideways along the 200 day MA.

9-14-19: Closed at 12.84. Trade pressures rising in the neutral zone. Volumes are bullish. Has broken out above the upper median line.

9-20-19: Closed at 13.19. Trade pressures are up. Volumes are bullish. Breaks out of the down trend as quality yields are chased.

 

Coca-Cola European Partners (CCEP) remains one of my favorite Elite Dividend Payers, as the company continues to increase its quarterly dividend and boast solid top- and bottom-line growth. The Coca-Cola products distributor has paid a dividend for an incredible 126-straight quarters. The company’s next quarterly dividend will be paid on December 3 to all shareholders of record on November 19.

During the first six months of 2019, CCEP reported that revenue grew 7% year-over-year to 5.8 billion euros and operating earnings increased 10.5% year-over-year to 770 million euros. Looking ahead to fiscal year 2019, the company expects low single-digit revenue growth and 10% to 11% annual earnings per share growth. CCEP is a Conservative buy below $59.

SOM Technicals:

7-28-19: Closed at 57.33. Trade pressures are in the neutral zone. Volumes are bullish. Consolidating at the 56.49 target. The next target up is 58.58.

8-3-19: Closed at 55.46. Trade pressure are down in the neutral zone. Volumes are bearish. Support at the lower median line at 54.70.

8-10-19: Closed at 55.57. Trade pressures are rising into the neutral zone. Volumes are bullish. The lower median line at 54.50 has acted as support.

8-17-19: Closed at 55.10. Trade pressures are rising in the neutral zone. Volumes are bearish. The next target down is the 200 day MA at 51.19.

8-25-19: Closed at 54.19. Trade pressures are up into the neutral zone. Volumes are bearish. Support at 51.42.

8-31-19: Closed at 56.34. Trade pressures are up. Volumes are bullish. Near a new uptrend breakout at 56.67.

9-7-19: Closed at 55.68. Trade pressures are up but turning down. Volumes are bearish. Testing the resistance at 56.72.

9-14-19: Closed at 55.78. Trade pressures are rising in the neutral zone. Volumes are bearish. testing the upside resistance at 56.72.

9-20-19: Closed at the 56.10. Trade pressures are in the neutral zone. Volumes are bullish. Need a break above the 56.70 resistance level.

 

Capital Southwest Corporation (CSWC) exhibited incredible relative strength during the volatile month of August. In fact, over the last five weeks, the stock climbed about 3% higher. In comparison, the S&P 500 dropped about 3.3%. Clearly, CSWC was not susceptible to the market’s wild swings in August.

Part of the stock’s strength recently can be attributed to a stunning earnings report for its first quarter in fiscal year 2020. The asset management company achieved first-quarter earnings of $0.42 per share, which was up 44.8% year-over-year from $0.29 per share. The analyst community was expecting earnings of $0.40 per share, so CSWC posted a 5% earnings surprise.

Capital Southwest Corporation has also continued to increase its quarterly dividend over the past 15 quarters. The company will pay a dividend of $0.50 per share (a regular dividend of $0.40 per share and a supplemental dividend of $0.10 per share) on September 30 to all shareholders of record on September 16. CSWC is a Conservative buy below $22.

SOM Technicals:

8-31-19: Closed at 21.32. Trade pressures are down into the neutral zone. Volumes are neutral. At the 200 day MA support line.

9-7-19: Closed at 21.66. Trade pressures are down into the neutral zone. Volumes are bearish. the 21.12 200 day support has held.

9-14-19: Closed at 21.42. Trade pressures are neutral. Volumes are bearish. riding the rising 200 day MA.

9-20-19: Closed at 22.04. Trade pressures are up. Volumes are bullish. A close above the 22.10 would start a new uptrend.

#emini #spfutures #SP500 #ES

Market Pressures_

Copper testing the lows again. Gold and silver are the  safe havens from economic silliness.

Crude Oil wants to go higher. Natural Gas is in a new move up.

US 30yr Treasuries are in the sharp move up. Hard to trade.

The US Dollar futures are in the sharp move down as the confidence in this administration drops.

______________________

S&P 500 Futures_

Monthly – Down for the month. Trade pressures are up but now turning down. Volumes closed the month of July as bullish. The next target up is the prior high at 3029. A close below the 2808 leve would confirm the weekly move lower.

Weekly – In the move down. Trade pressures are down. Volumes are neutral. The next target down is 2712. A close above 2942 would confirm any daily move higher.

Daily – Short. The close below 2879 on Friday triggered the short entry. Trade pressures are down into the neutral zone. Volumes are bearish.

The next target down is 2795.

A close above back above the 2845 level would signal higher; and should be set as the stop.

[8-26-19: Stopped out in the early morning session, with a small profit.]

______________________

Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 and remains  approximately $110,000, or up about 10 percent for the year-to-date, even after the market correction.

 

[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 move up. Gold remains in the move up but with a short entry nearby. Silver is also consolidating and near a new short entry.

Crude Oil is in a retracement move higher after the larger move down. Natural Gas is in a retracement move up.

The US 30 year Treasury Bonds are at new contract highs.

The US Dollar futures are the beneficiary of inflows looking for safety and yields.

___________________

S&P 500 Futures

Monthly – In the move up from the 2904 new long entry. Trade pressures are up, Volumes closed the month of July as bullish. The next target up is 3408. A close below 2808 would confirm any weekly move lower.

Weekly – The close below 2901 has confirmed the daily move lower. Trade pressures are down into the neutral zone. Volumes are now neutral. The next target down is 2712. A close above 2942 would confirm any daily move higher.

Daily – Flat. In the move lower from the close below 2884 inside the longer cycle move up from the 2845 level. Trade pressures are down into the neutral zone. Volumes are neutral. The next target down is 2795.

A close above the 2944 pivot would signal higher.

The 25×5 MA at 2950 is resistance and the June low pivot is 2734.

______________________

Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 and remains  approximately $111,000, or up about 11 percent for the year-to-date, even after the market correction.

 

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

Market Pressures _

Copper is in a new retracement move up following the equities. Gold would signal lower with a break of the 1500 level. Silver is near a new short entry.

Crude oil is in a retracement up. Natural gas is at new lows with a possible new long nearby.

The US 30 Year Treasuries are at highs.

US Dollar futures are near a new short entry.

___________________

S&P 500 Futures_

Monthly – In the upper range of the monthly bar. Trade pressures are up. Volumes closed the month of July as bullish. The next target up is 3408. A close below the 2802 level would confirm any weekly move lower.

Weekly – A recovery week from the daily lows. Trade pressures are up but turned down. Volumes are bullish. The next target up is 3048. A close below 2901 would confirm the daily move down.

Daily –  Long. In the move up from the 2846 entry price. Trade pressures are down but rising. Volumes are now neutral. The next target up is 2959 and just above that is the 25×5 MA. Expect resistance at these next upside levels.

A close below 2880 would signal lower. Set the stop at 2880.

____________________

Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 and is now approximately $111,000, or up about 11 percent for the year-to-date, even after the market correction.

 

[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 down. Gold rallied on the uncertainty of the new tweets. Silver looks lower soon.

Crude oil is in the move down but a new long entry is nearby. Natural gas continues the slow decline.

The US 30 Year Treasury Bonds are at contract highs and could be poised for a new short entry.

The US Dollar futures are in a retracement after making these new highs.

_________________

S&P 500 Futures_

Monthly – Starting the new August month with a down note. Trade pressures are still up. Volumes closed the month of July as bullish. The next target up is 3408. A close below 2802 would confirm any weekly move lower.

Weekly – A week of retracement off the recent highs. Trade pressures are up. Volumes are bearish. The next target up is 3048. A close below 2901 would confirm the daily move lower.

Daily – Short. In the move down from the 2974 short entry. Trade pressures are down. Volumes are bearish. At the June low pivot; expect some small retracement up here, but the next target down is 2884. The following 2798 target would all but eliminate the entire June -July rally.

A close above 2983 would restart the move up. Move the stop to the 2950 level.

Hard to time these incoherent “tweet” driven markets.

[8-5-19: Lower stops to the 2874, taking profits at this level.]

__________________

Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 and is now approximately  $112,000. This is a significant drop but still leaves the portfolio up nicely for the year. The new addition Insperity (NSP) caused at least half of the decline missing the earnings expectations disappointing the market and dropping 30 points.

 

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in a retracement down. Gold is in consolidation after the run to the 1440 levels. Silver is similarly consolidating at the 16.50 levels.

Crude is quiet but indicating a second leg down soon. Natural Gas is down but near the end of the move.

The US 30 year Treasuries are in neutral at the 155 levels.

The US Dollar futures are up sharply and should find resistance at the 98 level.

__________________

S&P 500 Futures_

Monthly – New highs. Trade pressures are up. Volumes closed the month of June as Bullish. The next target up is 3408. A close below 2802. would confirm any weekly move lower.

Weekly – In the move up from the 2880 new long entry level. Trade pressures are up. Volumes are bullish. The next target up is 3048. A close below 2901 would confirm any daily move lower.

Daily – Flat. In the uptrend and in the move up from the July long entry at 2969. Trade pressures are up. Volumes are bullish.

The next target up is 3067.

A close below 2974 would signal a new move lower.

[8-1-19: Closing below the 2974 level triggers the new short entry. Set the stop at the 3020 level.]

[8-2-19: Lower stop to 2950.]

_________________

Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 and is now approximately  $117,000. The August update has a few changes. Chipotle  (CMG), Arbor (ABR) and Capital Southwest (CSWC) are dropped. Sun Communities (SUI), Coca Cola European Partners (CCEP) and Insperity (NSP) are added. These changes will take place at the Monday open prices.

 

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

High-Growth Investments

AutoZone, Inc. (AZO) has secured a spot on the Top 5 Stocks list for four-consecutive months. As you know, AutoZone is a leading retailer and provider of automotive parts and accessories in the U.S. The company operates more than 6,000 retail stores in the U.S., as well as in Washington, D.C., Puerto Rico, Mexico and Brazil.

AutoZone has earned a spot on the Top 5 Stocks list again given its ability to expand its top and bottom lines, as well as consistently top analysts’ earnings expectations. The company has posted a positive earnings surprise in each of the last four quarters.

Now, AutoZone is expected to release results from its fourth quarter in fiscal year 2019 in mid- to late-August. The analyst community is looking for earnings of $21.80 per share and revenue of $3.93 billion, which represents 10.5% annual revenue growth and 17.6% annual earnings growth. And analysts have increased earnings estimates in the past week alone—and that bodes well for another quarterly earnings surprise. AZO is a Conservative buy below $1,228.

SOM Technicals:

4-27-19: Closed at 1033.97. Trade pressures are down. Volumes are bearish. At support after reaching the 1024 target. Now in consolidation with a possible retracement.

5-4-19: Closed at 1033.36. Trade pressures are down but rising. Volumes are bearish. Riding the 25×5 MA as support.

5-11-19: Closed at 1001.03. Trade pressures are down. Volumes are bullish. In a retracement after reaching the target at 1024. The next target down is 975.

5-18-19: Closed at 984.09. Trade pressures are down. Volumes are bearish.In the move down. the next target down is 950.

5-25-19: Closed at 1052. Trade pressures are up. Volumes are bullish. The next new long entry is 1057.58.

5-31-19: Closed at 1026.98. Trade pressures are down into the neutral zone. Volumes are bearish. The next target down is 1000.

6-15-19: Closed at 1119.64. Trade pressures are up. Volumes are bullish. The next target up is 1139.

6-22-19: Closed at 1118.47. Trade pressures are up. Volumes are bullish. The next target up is 1200.

6-28-19: Closed at 1097.83. Trade pressures are down into the neutral zone. Volumes are bullish. expect support at 1078, the 25×5 MA.

7-8-19: Closed at 1130.92. Trade pressures are up. Volumes are bullish. Held support. Next target up is 1200.

7-13-19: Closed at 1163.75. Trade pressures are up. Volumes are bullish. The next target up is 1198.

7-19-19: Closed at 1172.25. Trade pressures are up but turning down. Volumes are still bullish. The next target up is 1196.79.

7-28-19: Closed at 1146.18. Trade pressures are down into the neutral zone. Volumes are bearish. Support at 1133.

8-3-19: Closed at 1096.12. Trade pressures are down. Volumes are bearish. Next support is at the 1010 lower median line.

8-10-19: Closed at 1088.66. Trade pressures are down., Volumes are bearish. Lower median line support at 1016.

8-17-19: Closed at 1091.74. Trade pressures are down but rising. Volumes are bullish. resistance at 1122.

8-25-19: Closed at 1065.28. Trade pressures are up into the neutral zone. Volumes are bearish. Support at 1027.

 

Cadence Design Systems, Inc. (CDNS), our provider of electronic design automation software and hardware, pulled back early this week in the wake of its second-quarter report. However, the dip was merely profit taking and I view this dip as a great buying opportunity. Consider this…

Cadence Design Systems reported that second-quarter revenue rose 11.9% year-over-year to $580 million, which topped expectations for $579.48 million. Earnings increased 27.8% year-over-year to $161 million, or $0.57 per share, beating analysts’ forecasts for $0.53 per share by 7.5%.

Given the strong second-quarter results, Cadence Design Systems increased their revenue and earnings outlook for fiscal year 2019. Total revenue is now forecast to be between $2.32 billion and $2.34 billion, and earnings per share are expected to be between $2.11 and $2.17. That’s nicely higher than current forecasts for earnings of $2.10 per share and revenue of $2.32 billion. CDNS is a Conservative buy below $82.

SOM Technicals:

4-27-19: Closed at 68.22. Trade pressures are up. Volumes are neutral. At the highs with a new long entry at 69.21 above.

5-4-19: Closed at 70.27. Trade pressures are up. Volumes are bullish. In a new move up from the 68.45 level.

5-11-19: Closed at 69.36. Trade pressures are up but declining. Volumes are bullish. At the new long entry of 68.45.

5-18-19. Closed at 68.66. Trade pressures are up. Volumes are neutral. In the move up from the 68.45 long entry.

5-25-19: Closed at 63.99. Trade pressures are down. Volumes are bearish. The next target down is the 62.82 prior low.

5-31-19: Closed at 63.57. Trade pressures are down, Volumes are bearish. 62.58 is support.

6-15-29: Closed at 67.72. Trade pressures are up. Volumes are bullish. The next target up is 79.97.

6-22-19: Closed at 71.37.  Trade pressures are up. Volumes are up. The next target up is 76.41.

6-28-19: Closed at 70.81. Trade pressures are up but turning down. Volumes are neutral. The next target up is 76.41.

7-8-19: Closed at 74.41. Trade pressures are up. Volumes are bullish. Next target up is 76.41.

7-13-19: Closed at 75.02. Trade pressures are up. Volumes are bullish. The next target up is 80.

7-19-19: Closed at 72.92. Trade pressure are up but turning down. Volumes are now bearish. Support is at 71.76.

7-28-19: Closed at 75.91. Trade pressures are in the neutral zone. Volumes are bearish. Support is at 72.39.

8-3-19: Closed at 71.27. Trade pressures are down in the neutral zone. Volumes are bearish. The next support is 68.04.

8-10-19: Closed at 70.24. Trade pressures are down and starting to rise. Volumes are bearish. At the downside target of 68.04.

8-17-19: Closed at 69.32. Trade pressure are down but rising. Volumes are bearish. Consolidating at the 68.04 downside target.

8-25-19:, Closed at 66.81. Trade pressures are up into the neutral zone. Volumes are bearish. Breaks below the 68.04 target.

 

NextEra Energy, Inc. (NEE) is a leading provider of wind and solar energy in North America. The company plans to invest $40 billion in clean energy infrastructure through 2020. In addition, NextEra Energy operates more than 140 megawatts of battery energy storage systems in the U.S. So, it’s not surprising that the company beat the consensus earnings estimate for its second quarter on Wednesday.

NextEra Energy reported second-quarter earnings of $1.33 billion, or $2.35 per share, which represented 14.6% annual earnings growth. The analyst community was expecting earnings of $2.31 per share, so NEE posted a 1.7% earnings surprise.

NextEra Energy also noted that it increased its backlog by more than 1,850 megawatts. Company management stated, “NextEra Energy is as well-positioned as it has ever been to deliver on our financial expectations.” The company expects to achieve 6% to 8% compound annual growth through 2022. NEE is a Conservative buy below $224.

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. 

 

Sun Communities, Inc. (SUI) was our new addition to the High-Growth Investments Buy List in the July Monthly Issue. If you recall, Sun Communities is a North American real estate investment trust (REIT) that’s focused on manufactured homes and RV communities in the U.S. and Canada. The REIT operates about 379 communities.

On Wednesday, Sun Communities smashed analysts’ earnings and sales estimates for its second quarter in fiscal year 2019. The REIT reported earnings of $40.4 million, or $0.46 per share, and revenue of $312.4 million, which represented 15.1% annual revenue growth and 98% annual earnings growth. The analyst community was looking for earnings of $0.31 per share on $238.75 million in revenue, so SUI posted a whopping 48.4% earnings surprise and a 30.8% revenue surprise.

Looking forward to fiscal year 2019, Sun Communities expects earnings per share between $1.81 and $1.87, which is up from previous guidance for earnings per share between $1.61 and $1.71. The REIT also upped its core FFO expectations to $4.84 per share to $4.90 per share. SUI is a Conservative buy below $142.

SOM Technicals:

7-28-19: Closed at 133.16. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is 132.85.

8-3-19: Closed at 134.98. Trade pressures are in the neutral zone. Volumes are bullish. Orderly price movement above the upper median line.

8-10-19: closed at 141.23. Trade pressures are rising in the neutral zone. volumes are bullish. Near the 141.88 upside target.

8-17-19: closed at 146.03. Trade pressures are up. Volumes are bullish. The next target up is 149.12.

8-25-19: Closed at 147.82. Trade pressures are up. Volumes are bullish. Touched the 150 high and pulled back with this market.

 

Ubiquiti Networks, Inc. (UI) is a New York-based company that provides network technology products around the world. In fact, the company ships about 85 million devices to more than 200 countries and territories. Ubiquiti Networks products are based on the company’s UNMS and UniFi software platforms.

Ubiquiti Networks hasn’t announced the date of its earnings release for its fourth quarter in fiscal year 2019. But the company is expected to report results in mid-August—and analysts are expecting another solid quarter of double-digit earnings and sales growth.

The analyst community is currently forecasting earnings of $1.16 per share, or 14.9% annual earnings growth. Sales are forecast to come in at $303.58 million, up 12.5% from the $269.78 million reported in the fourth quarter of 2018. UI is a Moderately Aggressive buy below $155.

SOM Technicals:

5-25-19: Closed at 126.88. Trade pressures are down. Volumes are bearish. The 200 day MA is below at 116.51.

5-31-19: Closed at 120.31. Trade pressures are down. Volumes are neutral. Support is at 117.35, the 200 day MA.

6-15-19: Closed at 128.24. Trade pressures are up into the neutral zone. Volumes are bearish. Then 25×5 MA is acting as resistance.

6-22-19: Closed at 128.42. Trade pressures are in the neutral zone. Volumes are bearish. Support is at 120.65, the 200 day MA.

6-28-19: Closed at 131.50. Trade pressures are in the neutral zone. Volumes are bullish. support remains at 121, the 200 day MA.

7-8-19: Closed at 133.03. Trade pressures are up. Volumes are bullish. A new long at 137.92.

7-13-19: Closed at 129.97. Trade pressures remain in the neutral zone. Volumes are bearish. 123.15 is support at the 200 day MA.

7-19-19: Closed at 133.44. Trade pressures are up. Volumes are bullish. 137.92 is new long entry.

7-28-19: Closed at 135.05. Trade pressures are up. Volumes are bullish. The next target up is 137.92.

8-3-19: Closed at 122.22. Trade pressures are down in the neutral zone. Volumes are now bullish. Support is the lower median line at 117.29.

8-10-19: Closed at 113.95. Trade pressures are down. Volumes are bullish. Price has broken down below the 200 day MA.

8-17-19: Closed at 110.39. Trade pressures are down hard. Volumes are bearish. The next target down is 102.19.

8-25-19: Closed at 108.75. Trade pressures are down hard. Volumes are bearish. Even the buybacks don’t help.

 

Elite Dividend Payers

Coca-Cola European Partners plc (CCEP) was added to the Elite Dividend Payers Buy List back in the June Monthly Issue. The company is the largest independent Coca-Cola bottler in the world, as it sells and distributes the soft drink brand in 13 countries. CCEP sells about 2.5 billion cases each year.

The company is scheduled to announce earnings and sales from the most-recent quarter on August 7. The consensus estimate currently calls for earnings of $0.86 per share and revenue of $3.6 billion. That translates to 2.9% annual revenue growth and 11.7% annual earnings growth. Earnings per share estimates have also been revised higher in the past three months, which means a quarterly earnings surprise is likely.

Coca-Cola European Partners also has a long history of rewarding its shareholders. The company has paid a dividend for 126-straight quarters, or for more than 31 years. CCEP last paid a quarterly dividend of $0.69 per share on June 6—and that dividend represented a 122.5% increase over the dividend paid in the same quarter a year ago. The stock has a 4.9% dividend yield. CCEP is a Conservative buy below $60.

SOM Technicals:

7-28-19: Closed at 57.33. Trade pressures are in the neutral zone. Volumes are bullish. Consolidating at the 56.49 target. The next target up is 58.58.

8-3-19: Closed at 55.46. Trade pressure are down in the neutral zone. Volumes are bearish. Support at the lower median line at 54.70.

8-10-19: Closed at 55.57. Trade pressures are rising into the neutral zone. Volumes are bullish. The lower median line at 54.50 has acted as support.

8-17-19: Closed at 55.10. Trade pressures are rising in the neutral zone. Volumes are bearish. The next target down is the 200 day MA at 51.19.

8-25-19: Closed at 54.19. Trade pressures are up into the neutral zone. Volumes are bearish. Support at 51.42.

 

Ingersoll-Rand Plc (IR) has developed new tools and equipment over the past 148 years, including the steam-powered rock drill and the Jackhammer drill. Today, the company’s products are used to improve the quality of air in buildings, enhance security at homes and businesses, protect perishable items and boost industrial productivity.

Ingersoll-Rand will report second-quarter earnings before the stock market opens on Tuesday, July 30. Analysts are expecting earnings to grow 10.8% year-over-year to $2.05 per share, up from $1.85 per share in the same quarter a year ago. Earnings estimates have remained steady over the past three months, but IR has a history of topping expectations. Sales are forecast to rise 5% year-over-year to $4.58 billion.

Like CCEP, Ingersoll-Rand has rewarded its shareholders quarter after quarter. The company has paid a dividend of 86-consecutive quarters. The next quarterly dividend of $0.53 per share will be paid on September 30 to all shareholders of record on September 6. The stock has a 1.7% dividend yield. IR is a Conservative buy below $131.

SOM Technicals:

5-25-19: Closed at 120.20. Trade pressures are down. Volumes are neutral to bearish. The median line is support at 116.

5-31-19. Closed at 118.34. Trade pressures are down. Volumes are bearish. In a new downtrend with support at 116.

6-15-19: Closed at 124.68. Trade pressures are up. Volumes are neutral. The next target up is 130.42.

6-22-19: Closed at 125.19. Trade pressures are down into the neutral zone. Volumes are bullish.

6-28-19: Closed at 126.64. Trade pressures are down into the neutral zone. Volumes are bullish. In consolidation at the 126.17 upside target.

7-8-19: Closed at 124.81. Trade pressures are in the neutral zone. Volumes are bullish. Consolidating at the 126.17  upside target.

7-13-19: Closed at 126.62. Trade pressures are in the neutral zone. Volumes are now bullish. The next target up is 133.39.

7-19-19: Closed at 124.70. Trade pressures are down in the neutral zone. Volumes are bearish. Sitting on the 200 day MA.

7-28-19: Closed at 122.58. Trade pressures are down. Volumes are bearish. The support level is 111.18.

8-3-19: Closed at 120.88. Trade pressures are up in the neutral zone. Volumes are neutral. The next target down is 116.44.

8-10-19: Closed at 119.36. Trade pressures are in the neutral zone. Volumes are bearish. The next target down is 116.44.

8-17-19: Closed at 117.88. Trade pressures are down in the neutral zone. Volumes are bearish. The next target down is the 115.44 target.

8-25-19: Closed at 114.96. Trade pressures are flat in the neutral zone. Volumes are bearish. At the lower median line support.

 

Insperity, Inc. (NSP) offers a variety of human resources and services in order to boost businesses performance. Currently, the company’s solutions support more than 100,000 businesses, which includes more than two million employees.

Insperity is scheduled to post second-quarter results prior to the opening bell on Monday, July 29. The analyst community is expecting earnings of $0.83 per share on $1.04 billion in revenue, or 12.3% annual revenue growth and 22.1% annual earnings growth. Analysts have upped earnings estimates slightly in the past three months, so another quarterly earnings surprise is likely.

The company has also consistently increased its quarterly dividend over the years. In fact, in the past year alone, Insperity has upped its quarterly dividend by a stunning 50%. Most recently, the company paid $0.30 per share on June 24. The stock has a 0.8% dividend yield. NSP is a Moderately Aggressive buy below $160.

SOM Technicals:

7-28-19: Closed at 144.63. Trade pressures are up. Volumes are bullish. The next target up is 157.24.

8-3-19: Closed at 102.61. Missed guidance! Trade pressures are down. Volumes are bearish. The next target down is 86.63.

8-10-19: Closed at 94.90. Now down 50 points from the highs! Trade pressures are down hard. Volumes remain bearish. The December lows are at 86.63.

8-17-19: Closed at 93.41. Trade pressures are down hard. Volumes remain bearish. The next target down is the prior low at 86.63.

8-25-19: Closed at 93/90. Trade pressures are down but rising. Volumes are bearish. the December 2018 lows are the next target  down as well as support.

 

#emini #spfutures #SP500 #ES

Market Pressuers_

Copper rallied to upside targets and now profit taking. Gold and gold had similar rallies and profit taking.

Crude oil dropped thru the short entry and kept going. Natural gas trading in side the weekly basing  channel.

The US 30 Year Treasuries are trading between 153-156.

The US Dollar futures are range bound between 96 and 97.

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S&P 500 Futures

Monthly – New monthly highs at 3023.50. Trade pressures are up. Volumes closed the month of June as bullish. The next target up is 3408. A close below 2802 would confirm any weekly move lower.

Weekly – A down week. Trade pressures are up. Volumes are bullish. The next target up is 3048. A close below 2895 would confirm any daily move lower.

Daily – Still in the move up from the 2969 July trigger. Trade pressures are down into the neutral zone. Volumes are bearish. The next target up is the 3023 highs. A close below 2968 would signal lower.

2949 is the 25×5 MA and should act as initial support.

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Navellier Top 8 Stocks – The $100,000 Virtual portfolio is valued at slightly more than $117,000 for the YTD.

 

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