The following is provided by Navellier with technical comment from South Ocean Management – pls do your own due diligence.
(For this 2021 year, SOM will track only the Top 5 Hi-Growth Investments.)
https://navelliergrowth.investorplace.com/
High-Growth Investments
Charles River Labs International
Charles River Labs International (CRL) is a global research company that offers basic research, drug discovery, non-clinical development, safety and efficacy testing, clinical support and manufacturing. It has more than 100 facilities in more than 20 countries around the globe, and it collaborates with leading academic, agrochemical, biotech, pharmaceutical and government organizations.
During fiscal year 2020, Charles River Labs experienced robust demand across its businesses, as the company provided services, products, models and screening tools to help biopharmaceuticals and biotechs in their COVID-19 efforts. The strong demand has carried over to 2021, with Charles River Labs achieving 37.5% year-over-year earnings growth and 16.6% year-over-year revenue growth in the first quarter. Analysts are expecting equally impressive results for the second quarter.
Charles River Labs is scheduled to report second-quarter results before the stock market opens on Wednesday, August 4. Analysts are looking for earnings of $2.38 per share on $880.65 million in revenue, which represents 50.6% year-over-year earnings growth and 37.3% year-over-year revenue growth. Analysts have also increased earnings estimates over the past three months, so a fifth-straight quarterly earnings surprise is likely. CRL is a Conservative buy below $437.
SOM Technicals:
08-07-21: Closed at 408.41. Trade pressures are down into the neutral zone. The next target down is 399.
08-14-21: Closed at 411.22. Trade pressures are up into the neutral zone. Volumes are bullish. The next target up is 423.78.
08-21-21: Closed at 424.75. Trade pressures are up. Volumes are bullish. The next target up is a break out above 427.
EPAM Systems, Inc.
EPAM Systems, Inc. (EPAM) is a software engineering services company that operates in more than 35 countries. Specifically, EPAM Systems helps businesses adapt, grow more agile and faster, and stay competitive amidst a constantly evolving digital world. So, it’s not too surprising that it has strategic partnerships with big-name corporations like Adobe, AWS, Google, Microsoft, Salesforce and SAP.
Given that the global pandemic accelerated digital transformation, EPAM Systems experienced a surge in new customers over the past 18 months—and that was apparent in the company’s first quarter of fiscal year 2021. EPAM achieved 26.6% year-over-year earnings growth and 19.9% year-over-year revenue growth.
Next Thursday, EPAM Systems is set to reveal another quarter of robust top- and bottom-line growth. Second-quarter earnings are forecast to rise 32.2% year-over-year to $1.93 per share, and revenue is expected to increase 36.1% year-over-year to $860.36 million. That compares to earnings of $1.46 per share and revenue of $632.38 million in the second quarter of 2020. Earnings estimates have also been upped by 11.6% in the past three months. EPAM is a Conservative buy below $599.
SOM Technicals:
08-07-21: Closed at 598.02. Trade pressures are up. Volumes are bullish. The next target up is 601.81.
08-14-21: Closed at 607.85. Trade pressures are up but rolling over. The next target up is the prior high at 618.57.
08-21-21: Closed at 630.11. Trade pressures are up but showing divergence. Volumes are bullish. The next target up is 637.54.
Generac Holdings, Inc.
Generac Holdings, Inc. (GNRC) was the first company to develop an affordable generator for at-home use, and it has offered standby generators for residential use for more than 60 years. Today, the company is the leading manufacturer of home backup generators, and it also provides its own clean energy power storage system, PWRcell.
Strong residential demand for generators, as well as its other clean energy products, has driven incredible earnings and sales growth for the company this year. In fact, on Wednesday morning, Generac crushed analysts’ forecasts for the second quarter.
For the second quarter, Generac achieved total sales of $920 million, or 68% year-over-year growth and a new record for the company. The analyst community was expecting total sales of $863.41 million. Generac also reported adjusted second-quarter earnings of $153 million, or $2.39 per share, up from $88 million, or $1.40 per share in the second quarter of 2020. These results also represented a new record for Generac. Analysts were looking for adjusted earnings of $2.31 per share, so Generac posted a 3.5% earnings surprise.
Looking forward, Generac expects production of its residential standby generators to ramp up and to experience increased demand for its PWRcell energy storage systems. As a result, the company increased its outlook for fiscal year 2021. Full-year sales are now expected to grow between 47% and 50%, up from previous estimates for 40% to 45% annual sales growth. GNRC is a Conservative buy below $469.
SOM Technicals:
06-29-21: Closed at 110.42. Trade pressures are up but declining. Volumes ae bullish. The next target up is 428.78.
07-03-21: Closed at 415.20. Trade pressures are up. Volumes are bullish. The next target up is 428.78.
07-10-21: Closed at 436.37. Trade pressures are up but pointing down. Volumes are bullish. The next target up is 462.36.
07-15-21: Closed at 432.86. Trade pressures are down into the neutral zone. The next target down is 418.65
08-07-21: Closed at 415.04. Trade pressures are up. Volumes are neutral. The next target up is 462.36.
08-14-21: Closed at 414.10. Trade pressures are down into the neutral zone. Volumes are bullish. The next target down is 401.54.
08-21-21: Closed at 400.32. Trade pressures are rising into the neutral zone. Volumes are now neutral. The next target down is 367.27.
Johnson Controls International
Johnson Controls International (JCI) delivers building products, services, software and technology, including HVAC equipment and controls, fire safety systems and energy storage systems. The company is dedicated to providing products and systems that offer sustainability, efficiency and cost savings. And, as a result, it has more than four million customers around the world.
This week, Johnson Controls achieved a significant milestone: It has now filed more than 200 U.S. utility patent applications for its OpenBlue Central Utility Plant offering. The company also received its 90th patent related to the OpenBlue Central Utility Plant product.
Then, this morning, Johnson Controls posted in-line earnings results for its third quarter in fiscal year 2021, but still upped its outlook for full-year 2021. Third-quarter sales rose 19% year-over-year to $6.3 billion and adjusted earnings jumped 24% year-over-year to $0.83 per share. Analysts were expecting earnings of $0.83 per share on $6.24 billion in sales.
Thanks to the solid results, Johnson Controls upped its full-year revenue and earnings outlook. Full-year revenue is expected to grow in the mid-single digits year-over-year and adjusted earnings per share are forecast to be between $2.64 and $2.66, or 18% to 19% annual earnings growth. JCI is a Conservative buy below $76.
SOM Technicals:
06-29-21: Closed at 68.24. Trade pressures are up. Volumes are bullish. The next target down is 62.82. the next target up is 68.33.
07-03-21: Closed at 69.18. Trade pressures are up. Volumes are bullish. The next target up is 75.00.
07-10-21: Closed at 70.06. Trade pressures are up. Volumes are bullish. The next target up is 75.12.
07-15-21: Closed at 70.12. Trade pressures are up but declining. Volumes are bullish. The next target up is 75.12.
08-07-21: Closed at 72.07. Trade pressures are up. Volumes are bullish. The next target up is 75.12.
08-14-21: Closed at 72.82. Trade pressures are up. Volumes are bullish. The next target up is 75.12.
08-21-21: Closed at 73.40. Trade pressures are up. Volumes are bullish. The next target up is 75.12.
Tempur Sealy International
Tempur Sealy International (TPX) is a popular provider of sleep solutions. Back in 2012, Tempur-Pedic International merged with Sealy to create a leading American manufacturer of mattresses and bedding solutions. Today, the company’s mattresses and bedding are sold around the world under a few well-known brands, including Tempur-Pedic, Sealy and Stearns & Foster.
The housing boom here in the U.S. has added significantly to Tempur Sealy’s top and bottom lines, as evidenced by the company’s most-recent quarterly report. On Thursday morning, Tempur Sealy released results for its second quarter in fiscal year 2021—and they were spectacular.
During the second quarter, total sales soared 75.8% year-over-year to $1.17 billion, up from $665.2 million in the same quarter last year. Analysts were expecting total sales of $1.14 billion. Second-quarter adjusted earnings surged 295% year-over-year to $0.79 per share, compared to $0.20 per share in the second quarter of 2020. Analysts were looking for adjusted earnings of $0.56 per share, so TPX posted a 41.1% earnings surprise.
For fiscal year 2021, Tempur Sealy now expects adjusted earnings per share between $3.10 and $3.25, up from $1.94 per share in 2020. Given the company’s strong outlook going forward, Tempur Sealy also upped its quarterly dividend by nearly 30%. The company will pay a third-quarter dividend of $0.09 per share on August 26 to all shareholders of record on August 12. TPX is a Conservative buy below $46.
SOM Technicals:
08-07-21: Closed at 42.26. Trade pressures are up but rolling over. Volumes are bullish. The next target down is 40.59.
08-14-21: Closed at 43.79. Trade pressures are up but pointing down. Volumes are bullish. The next target up is the breakout of the prior high at 44.78.
08-21-21: Closed at 42.69. Trade pressures are down. Volumes are bearish. The next target down is 41.41.