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

ConocoPhillips

ConocoPhillips (COP) is one of the largest independent exploration and production companies in the world. In 2021, the company achieved total production of 1.57 million barrels of oil equivalent per day (MBoed), and it ended the year with proved reserves of 6.1 billion barrels of oil equivalent. With an extensive energy portfolio that spans 13 countries, ConocoPhillips also transports oil and natural gas around the world through its pipelines, as well as on tankers, trucks and rails.

The fourth-quarter is anticipated to cap off another stunning year for the company. Fourth-quarter earnings are forecast to grow 41.9% year-over-year to $3.22 per share. In turn, ConocoPhillips is expected to achieve full-year earnings of $14.38 per share, or 139.3% annual earnings growth.

I should add that ConocoPhillips has paid a dividend for a whopping 171-straight quarters, and it has consistently increased its dividend during this time. In fact, ConocoPhillips increased its dividend by 92% in the past five years. Most recently, the company paid a quarterly dividend of $0.51 per share, and it plans to pay a special dividend of $0.70 per share on December 23. The stock has a 2.1% dividend yield. COP is a Conservative buy below $127.

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.

12-31-22: Closed at 118.00. Trade pressures are up. Volumes are bullish. The next target up is 124.41, a new long entry.

1-7-23: Closed at 118.23. Trade pressures are up. Volumes are now bullish. The next target up is 124.41.

1-14-23 Closed at 121.47. Trade pressures are up. Volumes are bullish. The next target up is 124.41.

1-20-23: Closed at 121.80. Trade pressures are down but rising. Volumes are bullish. The next target up is 124.41.

 

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.

Recently, Marathon Oil announced that it would acquire 130,000 net acres in Eagle Ford from Ensign Natural Resources. The area is anticipated to produce 67,000 boed in the fourth quarter. The deal is expected to close by the end of the year, with an effective date of October 1.

Strong overall production is expected to add to Marathon Oil’s top and bottom lines in the fourth quarter. The current consensus estimate calls for earnings of $0.99 per share on $1.88 billion in revenue, which represents 28.6% year-over-year earnings growth and 4.3% year-over-year revenue growth.

Like most of our energy companies, Marathon Oil also pays a quarterly dividend. The company recently paid a fourth-quarter dividend of $0.09, up 50% from the $0.06 per share that it paid in the same quarter last year. The stock has a 1.3% dividend yield. MRO is a Moderately Aggressive buy below $31.

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.

12-31-22: Closed at 27.04. Trade pressures are down but rising. Volumes are now neutral. At the 200 day MA support, 26.38.

1-7-23: Closed at 26.60. Trade pressures are up. Volumes are neutral. The next target up is 28.28.

1-14-23: Closed at 27.08. Trade pressures are down into the neutral zone. volumes are bullish. The next target down is support at 26.59.

1-20-23: Closed at 27.80. Trade pressures are up. Volumes are bullish. The next target up is 28.28.

 

Marathon Petroleum Corporation

Marathon Petroleum Corporation (MPC) was a new addition to the High-Growth Investments Buy List last month. You may recall that Marathon Petroleum operates the biggest refining system in the U.S., with 13 refineries capable of refining about 2.9 million barrels per day. It also has a network of pipelines, terminals and barges.

For the fourth quarter, earnings are forecast to surge 347.7% year-over-year to $5.82 per share, up from $1.30 per share in the same quarter a year ago. Analysts have also increased earnings estimates by a whopping 70.7% in the past three months, so a fifth-straight quarterly earnings surprise is likely. Fourth-quarter sales are expected to grow 6.1% year-over-year to $37.78 billion.

Marathon Petroleum also has a history of rewarding its shareholders, as it’s paid a dividend for 45-straight quarters. The company recently paid a fourth-quarter dividend of $0.75 per share, which represented a 29.3% increase from the $0.58 per share paid in the third quarter. The stock has a 2.6% dividend yield. MPC is a Conservative buy below $122.

SOM Technicals:

12-31-22: Closed at 116.39. Trade pressures are up. Volumes are bullish. In the move down. Need to clear 123 to become bullish.

1-7-23: Closed at 116.82. Trade pressures are up. Volumes are bearish. The next target is 109.26.

1-14-23: Closed at 121.93. Trade pressures are up. Volumes are bullish. The next target up is 131.52.

1-20-23: Closed at 125.72. Trade pressures are up. Volumes are bullish. The next target up is 134.52.

 

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 Gulf of Mexico.

For the fourth quarter, the analyst community expects earnings to rise 41.9% year-over-year to $2.10 per share, up from $1.48 per share in the same quarter a year ago. Fourth-quarter revenue is forecast to grow 15.1% year-over-year to $9.22 billion.

Occidental has a long history of rewarding its shareholders, as it’s paid a dividend for an impressive 171-straight quarters. The company will pay a fourth-quarter dividend of $0.13 per share on January 17, 2023. All shareholders of record on December 12 will receive the dividend. The stock has a 0.8% dividend yield. OXY is a Moderately Aggressive buy below $71.

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.

12-31-22: Closed at 63.04. Trade pressures are down but rising. Volumes are now neutral. The next target up is 65.28, which is a new long entry.

1-7-23: Closed at 63.75. Trade pressures are up. Volumes are bullish. The next target up is 64.37.

1-14-23: Closed at 65.20. Trade pressures are up. Volumes are bullish. The next target is the prior high pivot at 66.59.

1-20-23: Closed at 66.84. Trade pressure are up. Volumes are bullish. The next target up is 69.04.

 

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 capacity to produce about 3.2 million barrels per day. Valero Energy is also the second-largest producer of corn ethanol and renewable diesel, as well as operates 33 wind turbines in the U.S.

Fourth-quarter earnings are forecast to soar 181.4% year-over-year to $6.95 per share, compared to $2.47 per share in the same quarter a year ago. Analysts have also upped earnings estimates by 46% in the past three months, so a fifth-straight quarterly earnings surprise is likely. Fourth-quarter revenue is expected to rise 18.7% year-over-year to $42.62 billion.

Like the rest of our Top Stocks this month, Valero Energy also consistently pays a quarterly dividend: It’s paid a dividend for 134-consecutive quarters. Recently, the company paid a fourth-quarter dividend of $0.98 per share. The stock has a 3.2% dividend yield. VLO is a Conservative buy below $133.

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

12-31-22: Closed at 128.66. Trade pressures are up. Volumes are bullish. The next target down is the 200 day MA at 116.74.

1-7-23: Closed at 127.56. Trade pressures are up. Volumes are bearish. The next target up is 136.69.

1-14-23: Closed at 136.25. Trade pressures are up.. Volumes are bullish. The next target up is 136.69.

1-20-23: Closed at 142.73. Trade pressures are up. Volumes are bullish. The next target up is 159.05.