CubeSmart

CubeSmart (CUBE) is one of the top self-storage operators in the U.S., with approximately 1,200 locations across the country. Thanks to continuing demand for storage space, CubeSmart is expected to achieve double-digit earnings and sales growth in the first quarter. The current consensus estimate calls for 23.8% year-over-year earnings growth and 36% year-over-year sales growth.

And these strong fundamentals ensure that CubeSmart will continue to reward its shareholders. The company will pay a first-quarter dividend of $0.43 per share on April 18 to all shareholders of record on April 4. That represents a 26.5% increase over the $0.34 per share paid in the first quarter of 2021. The stock has a 3.4% dividend yield. CUBE is a Conservative buy below $54.

SOM Technicals:

12-18-21: Closed at 55.79. Trade pressures are up. Volumes are bullish. The next target up is 56.64.

12-31-21: Closed at 56.91. Trade pressures are up. Volumes are  bullish. The next target up is 59.88.

1-7-22: Closed at 51.20. Trade pressures are down. Volumes are now bearish. The next target down is 50.00

1-14-22: Closed at 51.08. Trade pressures are down.  Volumes are bearish. The next target down is 50.00.

1-21-22: Closed at 50.59. Trade pressures are down but rising. volumes are bearish. The next target down is 48.31.

1-29-22: Closed at 59.92. Trade pressures are down but rising. Volumes are now neutral. The next target down is 45.46.

2-5-22: Closed at 51.16. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is 54.24.

2-12-22: Closed at 50.58. Trade pressures are down. Volumes are bearish. The next target down is 47.82.

2-20-22: Closed at 48.09. Trade pressures are down. Volumes are bearish. The next target down is 45.46.

2-25-22: Closed at 49.73. Trade pressures are now up. Volumes are bullish. The next target up is 52.12.

3-5-22:Closed at 51.27. Trade pressures are up. Volumes are bullish. The next target up is 52.08.

3-19-22: Closed at 50.47. Trade pressures are up. Volumes are bullish. the next target up is 52.08.

3-26-22: Closed at 50.75. Trade pressures are down but rising. Volumes are bullish. The next target up is 52.08.

4-2-22: Closed at 53.27. Trade pressures are up but turning down. Volumes are bullish. The next target up is 57.02.

4-10-22: Closed at 53.45. Trade pressures are up. Volumes are bullish. The next target up is 56.88.

 

Extra Space Storage

Extra Space Storage (EXR) is the second-largest operator of self-storage units in the U.S., and it’s experienced strong new and existing customer growth over the past few years. In fact, the company achieved same-store occupancy of 95.3% in 2021, which was a year-end high for Extra Space Storage.

Company management recently commented that its expecting 2022 to be another “exceptional year” for Extra Space Storage – and based on analysts’ recent earnings revisions, I’d say that they agree. Full-year 2022 earnings are expected to grow 7.7% year-over-year to $5.70 per share and revenue is forecast to increase 12.1% year-over-year to $1.5 billion.

Thanks to the strength of its business, Extra Space Storage also recently increased its dividend by 50%. The company will pay a quarterly dividend of $1.50 per share on March 31 to all shareholders of record on March 15. The stock has a 2.6% dividend yield. EXR is a Conservative buy below $215.

SOM Technicals:

08-26-21: Closed at 183.46. Trade pressures are up. Volumes are bullish. The next target up is 210.40, but at resistance here.

09-04-21: Closed at 193.71. Trade pressures are up. Volumes are bullish. Next target up is 200.32.

09-11-21: Closed at 187.05. Trade pressures are down. Volumes are bearish. The next target down is 181.91.

09-18-21: Closed at 180.12. Trade pressures are down. Volumes are bearish. The next target down is 174.02.

09-26-21: Closed at 172.61. Trade pressures are down. Volumes are bearish. The next target down is 166.05.

10-02-21: Closed at 168.94. Trade pressure are down. Volumes are bearish. At the prior low support, 168.65.

10-09-21: Closed at 171.12. Trade pressures are up. Volumes are bullish. Need a close above the 25×5 MA at 178.29.

10-23-21: Closed at 185.93. Trade pressures are up. Volumes are bullish. The next target up is 188.00.

10-30-21: Closed at 197.37. Trade pressures are up. Volumes are bullish. The next target up is 200.82.

11-06-21: Closed at 194.71. Trade pressures are down into the neutral zone. Volumes are neutral. The next target down is 189.64.

11-13-21: Closed at 187.96. Trade pressures are rising up out of the neutral zone. Volumes are bearish. The next target up is the prior high at 203.99.

11-19-21; Closed at 202.09. Trade pressures are up. Volumes are now bearish. 197.58 starts a new move down.

11-28-21: Closed at 198.79. Trade pressures are down. Volumes are bearish. The next target down is 190.39.

12-03-21: Closed at 201.48. Trade pressures are up. Volumes are bullish. The next target up is the prior high at 207.56.

12-10-21: Closed at 208.71. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is 211.20.

12-17-21: Closed at 215.15. Trade pressures are up. Volumes are bullish. The next target up is 220.42.

12-31-21: Closed at 226.73. Trade pressures are up. Volumes are bullish. The next target up is 254.08.

1-7-22: Closed at 208.45. Trade pressures are down. Volumes are bearish. The next target down is 200.14.

1-14-22: Closed at 203.61. Trade pressures are down. Volumes are bearish. The next target down is 182.40.

1-21-22: Closed at 195.48. Trade pressures are down. Volumes reman bearish. The next target down is 182.40.

1-29-22: Closed at 196.91. Trade pressures are down but rising. Volumes are now bullish. The next target down is 182.40.

2-5-22: Closed at 201.46. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is 218.15.

2-12-22: Closed at 196.92. Trade pressures are down. Volumes are bearish. The next target down is 193.32.

2-20-22: Closed at 187.46. Trade pressures are down. Volumes are bearish. The next target down is 183.62.

2-25-22: Closed at 194.18. Trade pressures are up. Volumes are bullish. The next target up is 206.69.

3-5-22: Closed at 200.89. Trade pressures are up. Volumes are bullish. The next target up is 206.89.

3-19-22: Closed at 194.42. Trade pressures are up. Volumes are bearish. The next target down is 186.14.

3-26-22: Closed at 197.56. Trade pressures are up. Volumes are bullish. The next target up is 206.69.

4-2-22: Closed at 209.57. Trade pressures are up but turning down. Volumes are neutral. The next target up is 214.11.

4-10-22: Closed at 213.71. Trade pressures are up. Volumes are bullish. The  next target up is 214.11.

 

Fortinet, Inc.

Fortinet, Inc. (FTNT) provides unified security solutions that can be deployed over digital networks to protect users against malware, spam and network intrusions. The company provides its security solutions to data centers, enterprises, carriers and distributed offices around the globe. Fortinet currently boasts a portfolio of 1,250 issued patents and 251 pending patents.

Given that many businesses are upgrading their cybersecurity systems, Fortinet is expected to continue to achieve strong results in 2022. The current consensus estimate calls for 24.1% annual earnings growth and 28.6% annual revenue growth in fiscal year 2022. Full-year earnings estimates have also been revised nicely higher in the past three months. FTNT is a Conservative buy below $361.

SOM Technicals:

1-29-22: Closed at 282.16. Trade pressures are down. Volumes are now bullish. A close above 283.47 would signal higher.

2-5-22: Closed at 314.33. Trade pressures are up but declining. Volumes are bullish. The next target up is resistance at 321.78.

2-12-22: Closed at 310.27. Trade pressures are don into the neutral zone. Volumes are now neutral. Support is 290.00 at the 200 day MA. 

2-20-22: Closed at 304.85. Trade pressures are down. Volumes are bearish. The next target down is 288.33

3-26-22: Re-added. Closed at 332.73. Trade pressures are up. Volumes are bullish. The next target up is 351.52.

4-2-22: Closed at 339.01. Trade pressures are up but turning down. Volumes are neutral. The next target up is 352.98, the prior high.

4-10-22: Closed at 335.83. Trade pressures are down but rising. Volumes are bearish. The next target down  is 325.75.

 

Marathon Oil Corporation

Marathon Oil Corporation (MRO) is benefiting from rising crude oil prices, as it’s a U.S.-based energy exploration and production company. The company operates in the top four oil-producing basins in the U.S.: Eagle Ford, Bakken, STACK/SCOOP and the Permian Basin. At the end of 2021, Marathon Oil had proved reserves of 1,106 million barrels of oil equivalent per day, or a 14% year-over-year increase.

For the first quarter, the analyst community has continued to increase earnings and sales estimates: Earnings are now forecast to surge 266.7% year-over-year to $0.77 per share, up from previous estimates for $0.58 per share just three months ago. First-quarter sales are expected to increase 53.5% year-over-year to $1.63 billion. MRO is a Moderately Aggressive buy below $29.

SOM Technicals:

3-26-22: Closed at 26.04. Trade pressures are up. Volumes are bullish. In consolidation. A close below 25.00 would signal lower.

4-2-22: Closed at 25.75. Trade pressures are up inot the neutral zone, Volumes are bullish. The next target up is 26.22, the prior high.

4-10-22: Closed at 25.92. Trade pressures are up. Volumes are bullish. The next target up is 26.40 the prior high.

 

ZIM Integrated Shipping

ZIM Integrated Shipping (ZIM) is one of the leading containership operators in the world, with a fleet of more than 110 vessels that serve more than 300 ports of call and more than 100 countries. The company’s ships operate out of the five major shipping routes and serve more than 30,000 customers globally. Inflation and port bottlenecks are also driving up shipping costs – and that’s set to add to ZIM’s top and bottom lines.

First-quarter earnings are anticipated to soar 142.4% year-over-year to $12.53 per share, while revenue is expected to jump 114.8% year-over-year to $3.47 billion. That compares to earnings of $5.17 per share and revenue of $1.62 billion in the first quarter of 2021. Earnings estimates have also increased 57% in the past two months, so a fifth-straight quarterly earnings surprise is likely. ZIM is a Moderately Aggressive buy below $80.

SOM Technicals:

3-26-22: Closed at 68.40. Trade pressures are down hard. Volumes are bearish. The next target down is 65.55.

4-2-22: Closed at 71.38. Trade pressures are down into the neutral zone. Volumes are bearish. The next target down is 65.55.

4-10-22: Closed at 57.78. Trade pressures are down. Volumes are bearish. The next target down is 55.16.