Navellier Top Stocks for October

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.

Prior to the opening bell on Tuesday, AutoZone, Inc. (AZO) released earnings and sales results for its fourth quarter in fiscal year 2019. The auto parts retailer reported that sales increased 12.1% year-over-year to $4.0 billion, which topped analysts’ forecasts for $3.93 billion. Domestic same-store sales rose 3% year-over-year during the quarter, and the company opened 86 new stores in the U.S.

For the fourth quarter, AutoZone also achieved earnings of $164.9 million, or 41.2% annual earnings growth and earnings per share of $22.59, or 50.4% annual earnings per share growth. Adjusted earnings per share were $20.95, up from $18.54 per share in the same quarter a year ago. That fell short of analysts’ estimates for adjusted earnings of $21.80 per share, so AutoZone posted a 3.9% earnings miss.

For fiscal year 2019, AutoZone posted earnings of $16 billion, or $63.43 per share, and sales of $11.9 billion. That represented 20.9% annual earnings growth and 5.7% annual sales growth. The company also opened 209 new stores around the world and bought back $2 billion worth of stock.

Overall, this was a strong fourth-quarter and full-year 2019 report. AZO remains a Conservative buy below $1,161.

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.

9-28-19: Closed at 1085.65. Trade pressures are down into the neutral zone. Volumes are neutral.

10-4-19: Closed at 1060.33. Trade pressures are down. Volumes are neutral. Support at 1018, the 200 day MA.

10-18-19: Closed at 1110. Trade pressures are up. Volumes are bullish. Through the 25×5 resistance at 1109.

 

Cadence Design Systems

Cadence Design Systems (CDNS) provides electronic design automation (EDA) software and hardware, which are used to develop analog, RF, mixed-signal and custom chip designs. This week, the company revealed that its tools received the latest N6 and N5/N5P Design Rule Manual and SPICE certifications, which aid in the development of next-generation mobile applications.

Cadence Design Systems also recently unveiled the Celsius Thermal Solver. As the industry’s first electrical-thermal co-simulation solution, the Celsius Thermal Solver helps electronics developers uncover and solve any overheating issues more quickly in the development process.

As the company continues to receive new certifications and develop new solutions, its systems remain in top demand, which is adding nicely to its top and bottom lines. For the third quarter, analysts are expecting earnings of $0.51 per share on $576.37 million in revenue. And analysts have upped earnings estimates slightly in the past three months. CDNS is a Conservative buy below $70.

SOM Technicals: 

9-28-19: Closed at 65.29. Trade pressures are in the neutral zone. Volumes are neutral. Support is at 62.16 the 200 day MA.

10-4-19: Closed at 65.30. Trade pressures are in the neutral zone. Volumes are bullish. Testing the upside resistance at 56.78.

10-18-19: Closed at 65.60. Trade pressures are down into the neutral zone. Rally stalled with the China GDP drop.

 

EEFT Top 5

Euronet Worldwide, Inc.

Euronet Worldwide, Inc. (EEFT) is making its second-straight appearance on the Top 5 Stocks list since we added the stock to the High-Growth Investments Buy List in August. The company is one of our payment processors, as it provides secure payment and transaction processing for consumers, financial institutions, retailers and service providers.

Euronet Worldwide has consistently increased its top line thanks to strategic initiatives to expand the company’s reach. In fact, Euronet Worldwide has formed partnerships with global banks to increase its ATM network—and it’s paying off. The company ended the second quarter with 46,636 ATMs, which represented a 13.2% year-over-year increase.

During the second quarter, the company also achieved revenue of $691.9 million and adjusted earnings per share of $1.69. That represented 11% annual revenue growth and 28% annual earnings growth. And for the third quarter, the consensus estimate calls for 15.5% annual revenue growth and 30.1% annual earnings growth. EEFT is a Conservative buy below $155.

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.

9-28-19: Closed at 143.54. Trade pressures are rising into the neutral zone. Volumes are neutral. Support is just under the current price at 141.63.

10-4-19: Closed at 149.00. Trade pressures are up into the neutral zone. Volumes are bullish. Sitting on the 200 day support line.

10-18-19: Closed at 145.76. Trade pressures are in the neutral zone. Volumes are neutral. Sitting on the 200 day MA.

 

NextEra Energy, Inc.

NextEra Energy, Inc. (NEE) is the largest utility company in the world. Through its electric companies in Florida, a renewable energy business and several subsidiaries, the company provides electricity, wind and sun energy, battery storage and nuclear power. Given that I live in Florida, my family plugs our Audi e-tron into the NextEra Energy smart grid and benefits from cheap electricity and low natural gas prices.

NextEra Energy is one of the few companies on the High-Growth Investments Buy List that offers a nice blend of growth and income. The company reported 14.6% annual earnings growth in the second quarter, and analysts are expecting 4.1% annual earnings growth in the third quarter.

In regards to income, NextEra Energy has paid a dividend for 134-straight quarters, or for more than 33 years. And the company has increased its dividend by nearly 13% in the past year. NEE recently paid a quarterly dividend of $1.25 per share on September 16. The stock has a 2.2% dividend yield. NEE is a Conservative buy below $247.

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.

 

Sun Communities

Sun Communities (SUI) is a real estate investment trust (REIT) with properties in the U.S. and Ontario, Canada. The REIT primarily operates manufactured home communities, as well as RV resorts and campgrounds. In September, Sun Communities added Leisure Point Resort, a manufactured home community and RV campground near Rehoboth, Delaware, to its portfolio.

Sun Communities has benefited from positive analyst revisions in recent months. For the third quarter, analysts have upped earnings estimates by 6.3% and are now expecting earnings per share to jump 21.4% year-over-year to $0.68 per share. The REIT will release third-quarter results on October 23.

The REIT will also continue to reward its shareholders in October. Sun Communities will pay a third-quarter dividend of $0.75 per share on October 15. All shareholders of record on Monday, September 3 will receive the dividend. The stock has a 2.0% 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.

9-28-19: Closed at 148.28. Trade pressures are up but declining. Volumes are bearish. At the 25×5 support level.

10-4-19: Closed at 152.25. Trade pressures are down into the neutral zone. Volumes are bullish. The break thru the resistance starts a new uptrend.

10-18-19: Closed at 155.79. Trade pressures are up. Volumes are bullish. The next target up is 170.14.

 

Elite Dividend Payers

Great Ajax Corp.

Great Ajax Corp. (AJX) was one of our new additions to the Elite Dividend Payers Buy List in September. As a real estate investment trust (REIT), Great Ajax Corp. manages a portfolio of mortgage loans for single-family properties in the U.S., invests in multi-family residential and commercial properties and holds real estate-owned single-family residences.

In the second quarter, Great Ajax Corp. reported that earnings jumped 55.6% year-over-year to $0.56 per share. That topped analysts’ expectations for $0.39 per share by 43.6%. The REIT also noted that it acquired a multi-family rental property for $2.3 million during the quarter.

As a REIT, AJX has continued to reward its shareholders quarter-after-quarter. It has paid a dividend for 17-consecutive quarters, or for more than four years. AJX also upped its quarterly dividend by nearly 7% in the past year. The last dividend of $0.32 per share was paid on August 30. The stock has a healthy 8.3% dividend yield. AJX remains a Conservative buy below $16.

SOM Technicals:

9-28-19: Closed at 15.28. Trade pressures are up but turning down. Volumes are bearish. At the 15.25 target expect consolidation.

10-4-19: Closed at 15.35. Trade pressures are up but down near the neutral zone. Volumes are bearish. In consolidation.

10-18-19: Closed at 15.60. Trade pressures are up. Volumes are bullish. Consolidating at the 15.35 target.

 

CCEP Top 3

Coca-Cola European Partners

Coca-Cola European Partners (CCEP) has been a staple on the Top Stocks list since we added the stock to the Buy List back in June. The company is the largest independent Coca-Cola bottler in the world, as it bottles and sells the popular soda brand in 13 countries. And it has consistently maintained its AA-rating over the past few months, meaning it offers the perfect mix of income and growth.

Recently, the company made a move to further advance its commitment to the environment by using more recyclable products. Coca-Cola-European Partners is replacing the current plastic shrink wrapping used to transport and package multipack cans. The plastic wrap will be replaced with 100% recyclable cardboard packaging. Coca-Cola European Partners plans to have all of its packaging materials either recyclable or reusable by 2025.

Along with its commitment to the environment, CCEP also remains committed to its shareholders. The company has paid a dividend for 126-consecutive quarters, which equates to more than 31 years. CCEP paid a $0.62 per share dividend in the first half of 2019, up 19% from the dividend paid in the first half of 2018. The stock has a 2.8% dividend yield. CCEP is a Conservative buy below $57.

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.

9-28-19: Closed at 55.04. Trade pressures are in the neutral zone. Volumes are bearish. Sitting on the median line.

10-4-19: Closed at 56.30. Trade pressures are in the neutral zone. Volumes are bullish. Grinding side ways, the resistance is constantly being tested. Should have a breakout soon.

10-18-19: Closed at 58.77. Trade pressures are up. Volumes are bullish. The next target up is 59.15.

 

The Hartford Financial Services Group, Inc.

The Hartford Financial Services Group, Inc. (HIG) was the second stock that we added to the Elite Dividend Payers Buy List last month. You may recall that the company is commonly referred to as The Hartford, and that it’s operated as primarily an insurance and financial services company since 1810. The Hartford offers all your common forms of insurance, including life, automobile and homeowners, as well as investment products, mutual funds, savings plans and annuities.

What’s great about The Hartford is that its fundamentals are steadily improving in 2019. During the second quarter, the company reported core earnings of $485 million, or $1.33 per share, which represented 18% annual earnings growth. It also topped estimates for $1.14 per share. For the third and fourth quarters, the analyst community is expecting 5.2% and 74.4% annual earnings growth, respectively.

The company has also paid a dividend for a stunning 94-straight quarters—and consistently upped this quarterly dividend. In fact, The Hartford has increased its quarterly dividend by 66% in the past five years alone. The next dividend of $0.30 per share will be paid on October 1 to all shareholders of record on September 3. The stock has a 2.0% dividend yield. HIG is a Conservative buy below $63.

SOM Technicals:

9-28-19: Closed at 60.45. Trade pressures are in the neutral zone. Volumes are bullish. The next target up is 64.74.

10-4-19: Closed at 59.51. Trade pressures are down in the neutral zone. Volumes are neutral. After the breakdown, a retest of the 25×5, then expect lower.

10-18-19: Closed at 59.00. Trade pressures are down into the neutral zone. Volumes are bullish. Downtrend points to the 55.00 level.

 

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in a move up. Gold and Silver should have a few days of an upmove but against weekly down pressures.

Crude Oil is near a new long entry. Natural Gas is also near a new long entry.

The 30 year Treasury Bond is expecting some retracement up for a few days.

The US Dollar futures are at the end of the retracement move down. expect retracement or consolidation.

______________________

S&P 500 Futures_

Monthly – In the move up. Trade pressures are up. Volumes closed the month of September as bullish. The next target up is 3408. A close below 2808 would confirm any weekly move lower.

Weekly – In the move up from the 2942 new long entry. Trade pressures are rising out of the neutral zone. Volumes are bullish. The next target up is 3048. A close below 2901 would confirm any daily move lower.

Daily – Flat. In the move up from the 2913 Oct 4th long entry. Trade pressures are up but turning down. Volumes are bullish. The next target up is 3008. A close below 2951 would signal lower. With the weekly pressures still up, the expectation is that any move down is a correction within the uptrend until 2951 is breached.

______________________

Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 has moved up this week slightly to approximately $115,000, or up about 15 percent for the year-to-date which is still trailing the major averages.

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

USD$$

#usdollarfutures  #ustreasurybondfutures USD_ DXZ19 Weekly – A three week decline. Trade pressures are down. Volumes are bearish. Daily – Flat. At the 100 percent target of the move down. Trade pressures are down. Volumes are Bearish. The next target down is 96.52. A close above 97.56 would signal higher.   US 30YR T-BONDS_ USZ19 Weekly…

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Oil & Gas

#crudeoilfutures #naturalgasfutures CRUDE_ CLZ19 Weekly – The inventory draw-down had no real effect. Trade pressures are down. Volumes are bearish. Daily – Flat. In the move up from the 54.31 long entry. Trade pressures are up. Volumes are bullish. The next target up is 57.54. A close below 52.61 would signal lower.   NAT GAS_…

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Metals

#copperfutures #goldfutures #silverfutures COPPER_ HGZ19 Weekly – Two week rise off the 2.48 lows. Trade pressures are rising in the neutral zone. Volumes are bullish. Daily – Flat. In the move up from the 2.57 log entry. Trade pressures are up. Volumes are  bullish. At the target of 2.62. The next target up is 2.65….

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S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is near a new long entry. Gold and silver seem to go higher from here.

Crude oil has pulled back and seems done with the pullback. Natural gas is consolidating and ready for a new move higher.

The US 30 year treasuries are in the move up.

The US Dollar futures are lower with more to go.

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S&P 500 Futures_

Monthly – Been in this slowly rising channel since the December of 2017. Trade pressures are up. Volumes closed the month of September as bullish. The next target up is 3408. A close below 2808 would confirm any weekly move lower.

Weekly – In the move up from the 2942 long entry price. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is the prior high of 3032. A close below 2901 would confirm any daily move lower.

Daily – Flat. In the move up from the 2913 new long entry. Trade pressures are down but rising. Volumes are now neutral. The spike down would have provided an opportunity to take bigger profits in the previous short. But we are on semi-automatic and so the short trade was stopped out at the 2932 level. The pressures favor another short, so look for opportunities around the close of the daily gap at 2938.

______________________

Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 has moved down this week slightly to approximately $114,000, or up about 14 percent for the year-to-date which is still trailing the major averages.

 

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

US$$

#usdollarfutures  #ustreasurybondfutures USD_ DXZ19 Weekly – New highs. Trade pressures are up. Volumes are  bullish. Daily – In the move down from the 98.87 short entry level. Trade pressures are down into the neutral zone. Volumes are bearish. The next target down is 97.83. A close above 98.90 would signal higher.   US 30YR T-BONDS_…

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Oil & Gas

#crudeoilfutures #naturalgasfutures CRUDE_ CLX19 Weekly – has fallen back to the up trend support line. Trade pressures are in the neutral zone. Volumes are bearish. Daily – Flat. In the move down off the the breakdown from the spike highs. Trade pressures are down. Volumes are now neutral. The next target down is 50.23. A…

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Metals

#copperfutures #goldfutures #silverfutures COPPER_ HGZ19 Weekly – In consolidation after the 2.61 downside target was reached. Trade pressures are in the neutral zone. Volumes are neutral. Daily – Flat. In the move down from the 2.62 level. Trade pressures are rising into the neutral zone. Volumes are bearish. The next target down is 2.50. A…

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S&P 500 Futures Buy-Sell Levels

#emini #spfutures #SP500 #ES

Market Pressures _

Copper is in the move down. Gold and Silver are also in moves down.

Crude Oil pulls back after the Fire spike. Natural Gas is in a move down.

The US Treasuries have entered a new move up but doesn’t look sustainable.

The US Dollar futures are in a new leg up as flows move to the US.

______________________

S&P 500 Futures_

Monthly – In the move up. Trade pressures are up. but losing momentum. 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 – In the move up from the 2942 long entry. Trade pressures are now up. Volumes are bullish. The next target up is 3048. A close below 2901 would confirm any daily mover lower.

Daily – Short. In the new move down with the close below 2965. Trade pressures are down. Volumes are bearish. The next target down is 2868. A close above 3004 would signal a restart of the  move up and would act as the stop.

[10-1-19: lower stops to the 2965 short entry price.]

[10-2-19: Lower stops to the 2932 level.]

______________________

Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 has moved down this week slightly to approximately $113,000, or up about 13 percent for the year-to-date which is still trailing the major averages.  Ubiquiti (UI) is replaced with Cadence (CDNS). Arbor Realty (ABR) and Capitol Southwest Corp (CSWC) will be replaced by Great Ajax (AJX) and Hartford Financial (HIG) on Monday at the open.

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