Navellier Top Stocks for February

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.

 

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.

 

 

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.

 

 

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.

 

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.

 

S&P 500 Futures

#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.

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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 $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.]

US$$

#usdollarfutures  #ustreasurybondfutures

USD_ DXH20

Weekly – Back to the October 2019 highs. Trade pressures are up. Volumes are bullish.

Daily – In the move up from the second leg up which began at the 97.63 level. Trade pressures are up. Volumes are bullish.

The next target up is 99.16.

A close below 98.36 would signal lower.

 

US 30YR T-Bonds_ USH20

Weekly – At resistance. Trade pressures are up but reversing. Volumes are still bullish.

Daily – Flat. Beginning a retracement inside the move up. Trade pressures are in the neutral zone. Volumes are neutral to bullish.

The next target up is 165-30 prior high.

The 2 hour chart is showing bearish reversal in the trade pressures. A close below the 161-14 level would signal lower.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLJ20  Contract rolled.

Weekly – Sitting on the lows, but a week of a move up. Trade pressures are down but making a bullish reversal. Volumes are neutral.

Daily – Flat. Forming a base off the 49.50 lows. Trade pressures are up. Volumes are bullish.

A close above the 52.61 level would signal a new move up.

A close below 50. 21 would signal a resumption of the move down.

 

NAT GAS_ NGH20

Weekly – Still in the move lower. Trade pressures are down. Volumes remain bearish.

Daily  – Flat. trying to move up Trade pressures are up but showing a bearish reversal. Volumes are neutral.

The next target down is 1.57.

A close above 1.92 would signal higher.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH20

Weekly – Two week rally off the 2.47 lows. Trade pressures are down but showing a bullish reversal. Volumes are neutral.

Daily – Long. In the move up from the 2.55 level. Trade pressures are up but turning down. Volumes are bullish.

The next target up is 2.67. The 120 minute chart pressures have turned down. A close below 2.53 would signal lower.

Stops are at 2.58.

 

GOLD_ GCJ20

Weekly – Moving sideways. Trade pressures are still up but in a bearish reversal. Volumes are bullish.

Daily – Flat. In the move down but in a week long retracement move up. Trade pressures are up. Volumes are bullish.

The next target up is the prior 1618 high.

At resistance now. A close below 1580 the Friday low would signal a resumption of the move down.

 

SILVER_ SIH20

Weekly – In a similar retracement move up inside the larger down move. Trade pressures are down. Volumes are bullish.

Daily – Flat. In the move down from the 18.06 short entry. Trade pressures are up. Volumes are neutral.

The next target down is 17.23. A close above 18.20 would signal higher.

S&P 500 Futures

#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.]

 

US$$

#usdollarfutures  #ustreasurybondfutures

USD_ DXH20

Weekly – Testing the prior highs. Trade pressures are up. Volumes are bullish.

Daily – After the pullback form the 98 highs price rallied with a second leg up and is approaching the 98.62 target. Trade pressures are up. Volumes are bullish. It is as if the US markets are a “corona virus safe haven”.  99.00 should be reachable in this move.

 

US 30YR T-BONDS_ USH20.

Weekly – Usually Bonds move down, as the dollar rises, as interest rates rise. Trade pressures are up and turning down. Volumes are bullish.

Daily – Flat. In the move down from the 162-27 short entry price. Trade pressures are down but rising. Volumes are neutral.

The next target is 158-31.

A close above 164-05 would signal higher.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLH20

Weekly – New weekly lows. Trade pressures are down. Volumes are bearish.

Daily – Flat. Consolidating around the 49.34 low pivot. Trade pressures are down but rising. Volumes remain bearish.

The next target down is 43.92.

A close above 52.94 would signal higher.

 

NAT GAS_ NGH20

Weekly – Bullish close. Trade pressures are down. and trending. Volumes are bearish.

Daily – Flat. Seems ready for a retracement move up is this long downtrend. Trade pressures are up. Volumes are bearish.

The next target down is 1.69.

A close above 1.95 would signal higher.

 

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH20

Weekly – Moving up off the 2.47 lows. Trade pressures are down. Volumes are bearish.

Daily – Long. In the new move up from  the 2.57 long entry price. Trade pressures are up. Volumes are bullish to neutral. The next target up is 2.66. A close below the 2.48 low pivot would signal lower. Use this 2.48 low as the stop.

[2-9-20: Long at the 2.55 entry, Set the stop at 2.48.]

[2-11-20: Raise stop to the 2.55 long entry price.]

[2-13-20: Raise stops to 2.58.]

 

GOLD_ GCJ20

Weekly – Attempting a retest of the 1618 high pivot. Trade pressures are up. Volumes are neutral.

Daily – Flat. In the move down from the spike high and the 1588 short entry. Trade pressures are up. Volumes are neutral. The 1544 downside target has been met. The next target down is 1498.

Both the daily and weekly pressures are up; and yet price is stalled. Stand aside.

 

SILVER_ SIH20

Weekly – In the move down. Trade pressures are down. Volumes are bullish.

Daily – Flat. In the move down from the 18.06 short entry price. Trade pressures are up but turned down. Volumes are bearish.

The next target down is 16.83.

Stops at 18.35.

 

S&P 500 Futures

#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.]