The following is provided by Navellier with technical comment from South Ocean Management – pls do your own due diligence.

https://navelliergrowth.investorplace.com/

High-Growth Investments

Builders FirstSource, Inc.

Builders FirstSource, Inc. (BLDR) is making its first appearance on the Top Stocks list, given that the homebuilding industry in the U.S. is heating up. You may recall that Builders FirstSource is a leading provider of building products, operating about 550 locations in 39 states. As an example, the company provides everything from wall panels, roof and floor trusses, stairs and trim to drywall, doors, rails, vinyl windows and siding.

The company’s first-quarter results were an early indication that the homebuilding industry was improving in the U.S.: Builders FirstSource reported adjusted earnings of $410.3 million, or $2.96 per share, on $3.88 billion in sales, which exceeded analysts’ expectations for earnings of $1.51 per share and sales of $3.58 billion. So, BLDR posted a 96% earnings surprise and an 8.4% sales surprise.

Looking forward to the second quarter, the analyst community has increased earnings estimates by 33.5% in the past two months. Second-quarter earnings are now expected to come in at $2.47 per share, compared to previous estimates for $1.85 per share. As you know, positive analyst revisions typically precede future earnings surprises. BLDR is a Moderately Aggressive buy below $155.

SOM Technicals:

7-1-23: Closed at 136.00. Trade pressures are up. Volumes are bullish. The next target up is 146.85.

7-9-23: Closed at 133.10. Trade pressures are down. Volumes are bearish. The next target down is 127.26.

7-15-23: Closed at 141.16. Trade pressures are up. Volumes are bullish. The next target up is 142.01.

7-21-23: Closed at 138.73. Trade pressures are down. Volumes are bearish. The next target down is 135.75.

 

Coca-Cola FEMSA SAB de CV

Coca-Cola FEMSA Sab de CV (KOF) is the biggest Coca-Cola franchise bottler in the world, operating 49 bottling plants and 268 distribution centers in 10 countries in Latin America. And it has a vast portfolio of brands, including Coca-Cola, Fanta, Sprite, Powerade, Vitamin Water, Monster and Fuze Tea.

The stock is making its third-straight appearance on the Top Stocks list this month – and for good reason: The analyst community continues to revise its earnings estimates higher. For the second quarter, earnings are now expected to grow 16.4% year-over-year to $1.28 per share. That’s up from previous estimates for only $1.17 per share just two months ago.

I should add that KOF has a history of posting positive earnings surprises, as it has achieved an average 26.8% earnings surprise in the past four quarters. Second-quarter sales are also forecast to rise 19.4% year-over-year to $3.42 billion. KOF is a Conservative buy below $89.

SOM Technicals:

4-28-23: Closed at 84.42. Trade pressures are down, but rising.  Volumes are now neutral.  The next target down is 79.84.

5-07-23: Closed at 88.48. Trade pressures are up. Volumes are bullish. The next target up is 89.08.

5-13-23: Closed at 88.73. Trade pressures are up but rolling over. Volumes are now neutral. The next target down is 86.56.

5-20-23: Closed at 88.79. Trade pressures are  down but rising. Volumes are bearish. The next target down is 86.56.

5-27-23: Closed at 85.10. Trade pressures are down. Volumes are bearish. The next target down is 81.89.

6-3-23: Closed at 83.77. Trade pressures are down but rising. Volumes are bearish. The next target down is 76.12.

6-10-23: Closed at 88.61. Trade pressures are up. Volumes are bullish. The next target up is 91.33.

6-20-23: Closed at 88.57. Trade pressures are down into the neutral zone. The next target down is 85.91.

6-24-23: Closed at 86.82. Trade pressures are down. Volumes are  now bearish. The next target down is 83.41.

7-1-23: Closed at 83.31. Trade pressures are down. Volumes are bullish. The next target down is 82.89.

7-9-23: Closed at 81.63. Trade pressures are down but rising. Volumes are bearish.  The next target down is 76.12.

7-15-23: Closed at 84.42. Trade pressures are up. Volumes are bullish. The next target up is 86.08.

7-21-23: Closed at 83.33. Trade pressures are down but rising. Volumes are now neutral. The next target is 82.41.

 

Lamb Weston Holdings, Inc.

Lamb Weston Holdings, Inc. (LW) is the second-largest supplier of frozen potatoes in the world – and its most-popular product is frozen fries. About 80 million portions of fries are sold each day globally. The company also offers sweet potatoes and vegetable products.

Lamb Weston is scheduled to announce results for its fourth quarter and fiscal year 2023 on July 25 – and based on analysts’ recent revisions, the company is gearing up for another quarterly earnings surprise. Analysts have upped earnings estimates by 15.4% in the past three months.

Fourth-quarter earnings are now forecast to soar 61.5% year-over-year to $1.05 per share, up from $0.65 per share in the same quarter a year ago. Sales are expected to increase 44.3% year-over-year to $1.66 billion. Lamb Weston is also anticipated to achieve 115.9% annual earnings growth and 30% annual sales growth in its fiscal year 2023. LW is a Conservative buy below $123.

SOM Technicals:

1/28/23: Closed at 98.31. Trade pressures are up. Volumes are bullish. The next target up is 100.77, the prior high.

2-3-23: Closed at 98.12. Trade pressures are down but rising. Volumes are now neutral. The next target up is 100.77. Support is at 95.40.

2-18-23: Closed at 100.48. Trade pressures are up. Volumes are bullish. The next target up is 108.44.

2-24-23: Closed at 99.98. Trade pressures are down. Volumes are now neutral. The next target down is 87.01.

3-4-23: Closed at 101.98. Trade pressures are up. Volumes are bullish. The next target up is a breakout above the prior high at 102.77.

3-11-23: Closed at 97.63. Trade pressures are down. Volumes are bearish. The next target down is the short entry at 97.30.

3-17-23: Closed at 97.62. Trade pressures are down but rising. Volumes are bearish. the next target down is 91.83.

3-24-23: Closed at 100.18. Trade pressures are down but rising into the neutral zone. Volumes are bullish. The next target up is 102.70.

3-31-23: Closed at 104.52. Trade pressures are up. Volumes are bullish. The next target up is 107.05.

4-14-23: Closed at 108.71. Trade pressures are up but turning down.  Volumes are bullish. The next target down is 104.23.

4-22-23: Closed at 110.35. Trade pressures are up. Volumes are bullish. The next target up is 112.88.

4-28-23: Closed at 111.81. Trade pressures are up . Volumes are bullish. The next target up is 117.72.

5-07-23: Closed at 112.09. Trade pressures are down into the neutral zone. Volumes are bullish. The next target down is 107.56.

5-13-23: Closed at 114.28. Trade pressures are up. Volumes are bullish. The next target up is 117.72.

5-20-23: Closed at 114.48. Trade pressures are up. Volumes are bullish. The next target up is 117.72.

5-27-23: Closed at 109.45. Trade pressures are down but rising. Volumes are now neutral. The next target down is 104.38.

6-3-23: Closed at 113.27. Trade pressures are up. Volumes are bullish. The next target up is a retest of the 115.34 high.

6-10-23: Closed at 113.62. Trade pressures are rising into the neutral zone. Volumes are bullish. The next target up is the prior high at 115.34.

6-20-23: Closed at 114.18. Trade pressures are up but turning down to the neutral zone. Volumes are neutral. The next target down is 110.05.

6-24-23: Closed at 114.69. Trade pressures are up. Volumes are bearish. The next target down is 111.45.

7-1-23: Closed at 114.95. Trade pressures are up. Volumes are bullish. The next target up is 117.72.

7-9-23: Closed at 112.62. Trade pressures are down. Volumes are bearish. The next target down is 110.55.

7-15-23: Closed at 112.71. Trade pressures are up into the neutral zone. Volumes are neutral. The next target up is 114.06.

7-21-23: Closed at 112.96. Trade pressures are up. Volumes are bullish. The next target down is 112.11.

 

Quanta Services, Inc.

Quanta Services, Inc. (PWR) offers infrastructure solutions for electric power, wireless and fiber optic installation, underground utilities and pipelines. Simply put, Quanta Services provides “the infrastructure that powers your world,” and it has benefited from the shift to 5G.

PWR shares have soared higher of late, rising more than 10% in June. The stock is now up about 38% year-to-date, as the company continues to experience strong demand for its solutions. As a result, I’m anticipating a strong second-quarter earnings report in early August. The current consensus estimate calls for earnings of $1.64 per share on $4.71 billion in revenue, which compares to earnings of $1.54 per share and revenue of $4.23 billion in the same quarter a year ago.

I should add that Quanta Services plans to pay a quarterly dividend of $0.08 per share on July 14. All shareholders of record on Monday, July 3, will receive the dividend. The stock has a 0.17% dividend yield. PWR is a Conservative buy below $211.

SOM Technicals:

7-30-22: Closed at 138.73. Trade pressures are up. but showing divergence. Volumes are bearish. The  next target down is 133.65.

8-6-22: Closed at 136.91. Trade pressures are down but rising. Volumes are bullish. The next target up is 138.44.

8-12-22: Closed at 143.46. Trade pressures are up. Volumes are bullish. The next target up is 145.03.

8-21-22: Closed at 142.02. Trade pressures are down into the neutral zone. Volumes are now neutral. The next target down is 138.78.

1-29-23: Closed at 150.00. Trade pressures are up. Volumes are bullish. The next target up is 154.23.

2-3-23: Closed at 152.43. Trade pressures are up. Volumes are neutral. The next target up is 154.23.

2-11-23: Closed at 151.34. Trade pressures are down. Volumes are now bearish. The next target down is 148.46.

2-18-23: Closed at 154.90. Trade pressures are up. Volumes are up. The next target up is 158.55. A close below 153.45 would signal lower.

2-24-23: Closed at 160.64. Trade pressures are up. Volumes are neutral. The next target up is 163.65.

3-4-23: Closed at 163.12. Trade pressures are rising into the neutral zone. Volumes are bullish. The next target up is 168.75.

3.11.23: Closed at 157.35. Trade pressures are down. Volumes are bearish. The next target down is 148.96.

3-17-23: Closed at 155.10. Trade pressures are in the neutral zone. Volumes are bearish. The next target down is 148.96.

3-24-23: Closed at 160.78. Trade pressures are down. Volumes are bullish. The next target down is 156.74.

4-28-23: Closed at 169.64. Trade pressures are up into the neutral zone. Volumes are bullish. The next target up is 170.39.

5-7-23: Closed at 171.07. Trade pressures are down but rising into the neutral zone. Volumes are bullish. The next target up is 171.94, the prior high.

5-13-23: Closed at 173.85. Trade pressures are up. Volumes are now bearish. The next target up is 179.82.

5-20-23: Closed at 171.72. Trade pressures are up. Volumes are neutral. The next target up is 179.82.

5-27-23: Closed at 174.00. Trade pressures are up. Volumes are bullish. The next target up is 179.82.

6-3-23: Closed at 180.08. Trade pressures are up but declining. Volumes are bullish. The next target up is 181.83.

6-10-23: Closed at 182.83. Trade pressures are up. Volumes are now neutral. The next target down is 179.63.

6-20-23: Closed at 185.391. Trade pressures are up but declining. Volumes are bullish. The next target down is 181.95.

6-24-23: Closed at 186.62. Trade pressures are up but declining. Volumes are neutral. The next target down is 181.06.

7-1-23: Closed at 196.45. Trade pressures are up. Volumes are bullish. The next target up is 197.20.

7-9-23: Closed at 193.60. Trade pressures are down. Volumes are neutral. The next target down is 186.83.

7-15-23: Closed at 196.12. Trade pressures are down. Volumes are bullish. The next target down is 192.30.

7-21-23: Closed at 201.49. Trade pressures are up. Volumes are bullish. The next target up is 203.48.

 

Super Micro Computer, Inc.

Super Micro Computer, Inc. (SMCI) was a new addition to the High-Growth Investments Buy List in June. The company is a well-known, global leader in high-performance server technology solutions, as it provides a wide range of server, storage, motherboards, workstations and networking solutions, as well as server management software.

SMCI shares have been on a tear lately, as the company continues to ship more and more of its solutions around the world. In fact, for its fourth quarter in fiscal year 2023, Super Micro Computer expects earnings per share between $2.21 and $2.71 and total sales between $1.7 billion and $1.9 billion. In turn, analysts have increased fourth-quarter earnings estimates by nearly 22% in the past three months.

For its fiscal year 2023, Super Micro Computer also anticipates total sales between $6.6 billion and $6.8 billion and earnings per share between $10.50 and $11.00. That compares to sales of $5.2 billion and earnings of $5.65 per share in fiscal year 2022. SMCI is an Aggressive buy below $337.

SOM Technicals:

7-1-23: Closed at 250.40. Trade pressures are up. Volumes are bullish. The next target up is 253.96.

7-9-23: Closed at 260.89. Trade pressures are up but declining. Volumes are bullish. The next target up is 270.18.

7-15-23: Closed at 296.94. Trade pressures are up. Volumes are bearish. The next target up is 306.85, the prior high.

7-21-23: Closed at 303.15. Trade pressures are up but down near the neutral zone. Volumes are bullish. The next target down is 271.97.