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

(For this 2022 year, SOM will track the Top 5 Hi-Growth Investments.)

https://navelliergrowth.investorplace.com/

High-Growth Investments

ConocoPhillips

ConocoPhillips (COP) is one of the largest independent exploration and production companies in the world. With an extensive energy portfolio that spans 14 countries, ConocoPhillips transports oil and natural gas around the world through its pipelines, as well as on tankers, trucks and rails. So, the company has profited from increased energy demand and rising prices.

During the third quarter, production rose to 1,754 million barrels of oil equivalent per day (Mboed). In turn, ConocoPhillips achieved adjusted earnings of $4.6 billion, or $3.60 per share, or 91.7% year-over-year earnings growth. The consensus estimate called for adjusted earnings of $3.44 per share.

In the wake of its third-quarter earnings beat, the analyst community has upped fourth-quarter earnings estimates by nearly 3% in the past week. Fourth-quarter earnings are now forecast to grow 52.9% year-over-year to $3.47 per share. COP is a Conservative buy below $146.

SOM Technicals:

5-1-22: Closed at 95.52. Trade pressures are up. Volumes are bullish. The next target up is 100.57.

5-6-22: Closed at 107.69. Trade pressures are up. Volumes are bullish. The next target up is 108.75.

5-14-22: Closed at 103.78. Trade pressures are up. Volumes are neutral. The next target up is 104.

5-21-22: Closed at 105.02. Trade pressures are down into the neutral zone. Volumes are bullish. The next target down is 100.93.

5-29-22: Closed at 114.85. Trade pressures are up. Volumes are bullish. The next target up is 121.40.

6-05-22: Closed at 118.12 . Trade pressures are up but turning down. Volumes are bullish. The next target up is 122.59.

6-11-22: Closed at 116.40. Trade pressures are down. Volumes are bearish. The next target down is 112.16.

6-18-22: Closed at 93.74. Trade pressures are down. Volumes are bearish. The next target down is 85.88.

6-25-22: Closed at 90.94. Trade pressures are down. Volumes are bearish. The next target down is 86.62.

7-2-22: Closed at 90.98. Trade pressures are in the neutral zone. Volumes are bullish. The next target up is 101.14.

7-9-22: Closed at 86.48. Trade pressures are down but rising. Volumes are bearish. The next target up is 95.02.

11-19-22: Closed at 128.59. Trade pressures are down. Volumes are bearish. The next target down is the support at 123.08.

11-27-22: Closed at 126.81. Trade pressures are down into the neutral zone. Volumes are neutral. The next target down is 115.95.

12-2-22: Closed at 122.18. Trade pressures are down. Volumes are bearish. The next target down is 115.95.

12-11-22: Closed at 109.95. Trade pressures are down. Volumes are bearish. The next target down is 93.41.

12-16-22: Closed at 110.44. Trade pressures are down. Volumes are bearish. The next target down is the 200 day MA at 105.69.

 

Imperial Oil Limited

Imperial Oil Limited (IMO) is the largest petroleum product refiner in Canada, refining raw hydrocarbons into 650 petroleum products, including gasoline, diesel, natural gas, heating oil and lubricants. Imperial Oil boasts that it provides nearly a quarter of all the petroleum products that are used in Canada every day.

In the third quarter, Imperial Oil produced 430,000 barrels of oil equivalent per day (boed), and its refining throughput averaged 426,000 boed, with 100% capacity utilization. Third-quarter earnings soared 123.7% year-over-year to C$2.03 billion, or C$3.24 per share, while adjusted earnings jumped 100.8% year-over-year to C$1.82 billion. In U.S. dollar terms, Imperial Oil reported earnings of $2.43 per share, which topped estimates for $2.13 per share by 14.1%.

Imperial Oil also remains committed to rewarding its shareholders. It will pay a fourth-quarter dividend of $0.44 per share on January 1, 2023. All shareholders of record on December 2 will receive the dividend. The stock has a 2.3% dividend yield. IMO is a Conservative buy below $62.

SOM Technicals:

11-19-22: Closed at 56.46. Trade pressures are down. Volumes are neutral. The next target down is 32.82.

11-27-22: Closed at 57.32. Trade pressures are up. Volumes are neutral. At upper resistance, the next target up is the breakout at 57.56.

12-2-22: Closed at 55.93. Trade pressures are down. Volumes are bearish. The next target down is 52.82.

12-11-22: Closed at 50.01. Trade pressures are down but rising. Volum es are bearish. The next target down is 46.64.

12-16-22: Closed at 46.75. Trade pressures are down hard. Volumes are bearish. The next target down is 44.46.

 

Marathon Oil Corporation

Marathon Oil Corporation (MRO) operates in several of the top oil and natural gas-producing regions in the U.S., with operations in Eagle Ford, Bakken Shale, the Permian Basin and STACK/SCOOP. The company anticipates that it will produce between 285 million and 290 million barrels of oil equivalent per day (Mboed) this year.

Given third-quarter operational results, Marathon Oil is well on its way to achieving this goal: Third-quarter production totaled 295,000 Mboed. Oil production accounted for 166,000 million barrels.

Marathon Oil also reported third-quarter adjusted earnings of $832 million, or $1.24 per share, and revenue of $2.25 billion, which represented 168.4% year-over-year earnings growth and 54.6% year-over-year revenue growth. The consensus estimate called for adjusted earnings of $1.19 per share on $2.02 billion in revenue. MRO is a Moderately Aggressive buy below $36.

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 into 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.

5-1-22: Closed at 24.92. Trade pressures are up. Volumes are neutral. The next target up is 27.27.

5-6-22: Closed at 28.15. Trade pressures are up. Volumes are bullish. The next target up is 29.00.

5-14-22: Closed at 27.00. Trade pressures are up. Volumes are bullish. The next target up is 27.35.

5-21-22: Closed at 27.26. Trade pressures are down but turning up. Volumes are bullish. The next target up is the 28.44 resistance.

5-29-22: Closed at 31.24. Trade pressures are up. Volumes are bullish. The next target up is 34.09.

6-05-22: Closed at 31.60. Trade pressures are up but rolling over. Volumes are bullish. A break below 30.58 would signal lower.

6-11-22: Closed at 30.10. Trade pressures are down. Volumes are bearish. The next target down is 27.90.

6-18-22: Closed at 24.15. Trade pressures are down. Volumes are bearish. The next target down is 20.39.

6-25-22: Closed at 22.05. Trade pressures are down. Volumes are bearish. The next target down is 20.62.

7-2-22: Closed at 22.56. Trade pressures are in the neutral zone. Volumes are neutral. The next target down is 20.90.

7-9-22: Closed at 21.72. Trade pressures are up into the neutral zone. Volumes are neutral. The next target up is 24.55.

7-30-22: Closed at 24.80. Trade pressures are up. Volumes are bullish. The next target up is 28.90.

8-6-22: Closed at 21.77. Trade pressures are down. Volumes are bearish. The next target down is a retest of the low at 19.42.

8-12-22: Closed at 24.06. Trade pressures are up. Volumes are bullish. The next target up is 28.90.

8-21-22: Closed at 24.46. Trade pressures are up. Volumes are bullish. The next target up is 28.90. 

8-27-22: Closed at 26.16. Trade pressures are up. Volumes are bullish. The next target up is 28.90.

9-2-22 Closed at 25.71. Trade pressures are down but rising. Volumes are now neutral. The next target up is 28.90.

9-9-22: Closed at 25.61. Trade pressures are down but rising. Volumes are now neutral. The next target up is 27.55.

9-16-22: Closed at 23.10. Trade pressures are down. Volumes are now bullish. The next target up is 27.92.

9-23-22: Closed at 21.90. Trade pressures are down. Volumes are bearish. The next target down is 21.01.

10-1-22: Closed at 22.60. Trade pressures are rising into the neutral zone. Volumes are bearish. The next target down is a retest of the 21.01 level.

10-8-22: Closed at 27.94. Trade pressures are up. Volumes are bearish. At the upper bound of the pitchfork. A close below 27.20 would signal lower.

10-16-22: Closed at 27.05. Trade pressures are down into the neutral zone. Volumes are bullish. The next target down is the 25.45 new short entry.

10-22-22: Closed at 29.15. Trade pressures are up. Volumes are bullish. The next target up is 34.01, but at resistance now.

10-29-22: Closed at 30.16. Trade pressures are up but declining. Volumes are now neutral. The next target down is 27.84.

11-5-22: Closed at 32.03. Trade pressures are up. Volumes are bullish. The next target up is 34.01.

11-11-22: Closed at 32.88. Trade pressures are up into the neutral zone. Volumes are now neutral. The next target up is 33.42.

11-19-22: Closed at 30.56. Trade pressures are down. Volumes are bullish. The next target down is 29.97.

11-27-22: Closed at 30.38. Trade pressures are down into the neutral zone. Volumes are neutral. The next target down is support at 29.07.

12-2-22: Closed at 29.74. Trade pressures are down. Volumes are bearish. The next target down is 26.51.

12-11-22: Closed at 26.17. Trade pressures are down. Volumes are bearish. The next target down is 24.88.

12-16-22: Closed at 27.33. Trade pressures are down into the neutral zone. Volumes are neutral. the next target down is the 200 day MA at 26.20.

 

Occidental Petroleum Corporation

Occidental Petroleum Corporation (OXY) has provided energy exploration and petrochemical manufacturing services for more than 100 years. The company has energy and chemical assets around the world, including in the U.S., Africa, Latin America and the Middle East. Here in the U.S., Occidental Petroleum has operations in the Permian Basin, Rocky Mountains and the Gulf of Mexico.

In the third quarter, Occidental Petroleum produced 1,180 million barrels of oil equivalent per day (Mboed). Total U.S. production was 944 Mboed in the third quarter. During the first nine months of the year, the company achieved total production of 1,136 Mboed, with 902 Mboed in the U.S.

Given the strong operational results, Occidental Petroleum posted robust third-quarter results. Adjusted earnings surged 180.4% year-over-year to $2.44 per share, up from $0.87 per share in the same quarter a year ago. Third-quarter revenue came in at $9.5 billion. The consensus estimate called for earnings of $2.46 per share on $9.5 billion in revenue. OXY is a Moderately Aggressive buy below $82.

SOM Technicals:

8-27-22: Closed at 73.56. Trade pressures are up but turning down. Volumes are now neutral. The next target down is 71.86.

9-2-22: Closed at 68.77. Trade pressures are down but rising. Volumes are bearish. The next target down is 67.25.

9-9-22: Closed at 64.61. Trade pressures are down. Volumes are bearish. The next target down is 57.39.

9-16-22: Closed at 64.41. Trade pressures are down into the neutral zone. Volumes are bearish. The next target down is 57.38.

9-23-22: Closed at 58.73. Trade pressures are down. Volumes are now neutral. The next target down is 57.39.

11-19-22: Closed at 71.25. Trade pressures are down. Volumes are bullish. The next target down is 66.26.

11-27-22: Closed at 70.28. Trade pressures are down. Volumes are neutral. The next target down is 66.26.

12-2-22: Closed at 68.21. Trade pressures are down. Volumes are bearish. The next target down is 63.94.

12-11-22: Closed at 62.60. Trade pressures are down. Volumes are bearish. The next target down is 56.41. 

12-16-22: Closed at 62.53. Trade pressures are down. Volumes are bearish. The next target  down is 56.41.

 

Valero Energy Corporation

Valero Energy Corporation (VLO) is the biggest independent petroleum refiner worldwide and a top producer of renewable fuels in North America. The company currently owns 15 petroleum refineries in the U.S., Canada and U.K., with the capacity to produce about 3.2 million barrels per day. Valero Energy also produces corn ethanol and 700 million gallons of renewable diesel, as well as operates 33 wind turbines.

Valero Energy is making its first appearance on the Top Stocks list this month, as the company recently released blowout quarterly results. Third-quarter adjusted earnings surged 413.8% year-over-year to $2.8 billion, or $7.14 per share, beating estimates for adjusted earnings of $6.84 per share. Revenue rose 50.6% year-over-year to $44.45 billion, which bested estimates for $43.26 billion.

Thanks in part to the stunning third-quarter results, the analyst community has upped fourth-quarter estimates by 62.5% in the past three months. Fourth-quarter earnings are now forecast to soar 184.2% year-over-year to $7.02 per share, while revenue is expected to grow 22.3% year-over-year to $43.89 billion. VLO is a Conservative buy below $153.

SOM Technicals:

11-19-22: Closed at 137.82. Trade pressures are down into the neutral zone. Volumes are bullish. The next target down is 127.30.

11-27-22: Closed at 138.40. Trade pressures are up. Volumes are neutral. The next target down is 135.25, the new short entry.

12-2-22: Closed at 127.07. Trade pressures are down. Volumes are bearish. The next target down is 125.07.

12-11-22: Closed at 114.65. Trade pressures are down. Volumes are bearish. The next target down is 113.53.

12-16-22: Closed at 119.37. Trade pressures are up into the neutral zone. Volumes are bearish. The next target up is 123.78