Cenovus Energy, Inc.

With Europe and Asia looking to North America to fulfill its energy needs, Cenovus Energy, Inc. (CVE) has experienced an uptick in demand for its refined products: gasoline, diesel and jet fuel.

You may recall that the company operates refineries in Ohio, Wisconsin and Canada. In the first quarter, Cenovus Energy achieved its highest ever quarterly upstream production of 972,100 barrels of oil equivalent per day, and it processed 485,500 barrels per day at its refineries.

Thanks to strong production and crude oil processing, Cenovus Energy achieved 82.8% year-over-year earnings growth in the first quarter. Looking ahead to the second quarter, analysts expect earnings to surge 304% year-over-year to $1.01 per share, up from $0.25 per share in the same quarter a year ago.

Cenovus Energy also raised its quarterly dividend by 10%. It will now pay a quarterly base dividend of $0.22 per share, starting with the second quarter of 2026. The stock has a 2.6% dividend yield. CVE is a Conservative buy below $26.

SOM Technicals:

5-23-26: Closed at 30.05. Trade pressure are down. Volumes are bearish. The next target down is 28.95. 31.12 would signal higher.

5-30-26: Closed at 27.91. Trade pressures are down. Volumes are bearish. The next target down is 27.02. 28.69 would signal higher.

6-6-26: Closed at 28.50. Trade pressure are down. Volumes are bearish. The next target down is 27.02. 30.26 would signal higher.

6-13-26: Closed at 28.27. Trade pressures are down into the neutral zone. Volumes are bearish. The next target down is 27.96. 29.08 would signal higher.

6-19-26: Closed at 25.16. Trade pressures are down. Volumes remain bearish. The next target down is 24.23.  26.65 would signal higher.

6-27-26: Closed at 24.95. Trade pressures are down, but rising. Volumes remain bearish. The next target down is 23.53.  25.39 would signal higher.

 

Ciena Corporation

Ciena Corporation (CIEN) is benefiting from increased investments in AI infrastructure, as more and more folks use its advanced networking solutions to manage AI workloads. Increased AI training, inference and data-heavy applications all require high-performance connectivity in order to process, manage and move large swaths of data more efficiently.

That’s where Ciena’s solutions thrive. Ciena primarily provides optical networking systems and software that support increasing bandwidth demand – and the company has experienced strong demand for its products, as evidenced by its latest quarterly results.

During its second quarter in fiscal year 2026, adjusted earnings soared 290.5% year-over-year to $1.64 per share. Revenue increased 40% year-over-year to $1.57 billion. The consensus estimate called for adjusted earnings of $1.45 per share on $1.5 billion in revenue.

In the wake of its better-than-expected quarterly results, analysts have revised third-quarter earnings estimates 9% higher in the past month. Third-quarter earnings are now forecast to increase 156.7% year-over-year to $1.72 per share, while revenue is expected to grow 33.9% year-over-year to $1.63 billion. CIEN is a Moderately Aggressive buy below $555.

SOM Technicals:

3-27-26: Closed at 399.50. Trade pressures are down. Volumes are bearish. The next target down is 362.38. Bullish above 410.00.

4-11-26: Closed at 496.02. Trade pressures are up. Volumes are bullish. The next target up is the prior high at 513.49. 467.61 is bearish.

4-18-26: Closed at 507.43. Trade pressures are up. Volumes are bullish. the next target up is 541.07. 434.81 is bearish.

4-24-26: Closed at 520.80. Trade pressures are up off the neutral zone. volumes are bullish. The next target up is 531.76. 485.16 is bearish.

5-1-26: Closed at 535.02. Trade pressures are up. Volumes are bullish. The next target up is 585.50. 475.00 is bearish.

5-8-26: Closed at 550.68. Trade pressures are down into the neutral zone. Volumes are neutral. The next target down is 486.75. 579.05 would signal bullish.

5-18-26: Price at 525.89. Trade pressures are down. Volumes are bearish. The next target down is 511.33. 566 would signal higher.

5-23-26: Closed at 580.89. Trade pressures are up. Volumes are bullish. The next target up is 599.17.

5-30-26: Closed at 578.19. Trade pressures are down. Volumes are bullish. The next target up is 598.18. 542.57 would signal lower.

6-6-26: Closed at 476.01. Trade pressures are down. Volumes are bearish. The next target down is 475.90. 541.38 would signal higher.

6-13-26: Closed at 449.81. Trade pressures are down bur rising. Volumes remain bearish. The next target down is 426.31. 468.26 would signal higher.

6-19-26: Closed at 429.21. Trade pressures are down into the neutral zone. Volumes remain bearish. The next target down is 369.43. 458.25 would signal higher.

6-27-26: Closed at 477.60. Trade pressures are up. Volumes are bullish. The next target up is 517.89. A close below 458.54 would signal lower.

 

Coherent Corp.

Coherent Corp. (COHR) supplies products and solutions that are critical to AI hardware infrastructure. The company offers laser systems and components, laser measurement and control products, precision optics required in A-related applications in data centers, autonomous systems and edge computing.

Data centers have been a big growth driver for the company lately, as they accounted for about 75% of its total revenues in the most recent quarter. And strong demand from hyperscalers and AI infrastructure customers will continue to add to its top and bottom lines in upcoming quarters.

For its fourth quarter in fiscal year 2026, the consensus estimate calls for earnings of $1.62 per share and revenue of $1.98 billion. That represents 62% year-over-year earnings growth and 29.4% year-over-year revenue growth. The analyst community has also upped earnings estimates over the past three months, which bodes well for a fifth straight quarterly earnings surprise. COHR is a Moderately Aggressive buy below $435.

SOM Technicals:

4-24-26: Closed at 336.09. Trade pressures are down into the neutral zone. Volumes are bearish. The next target down is 322.48. 343.64 is bullish.

5-1-26: Closed at 333.20. Trade pressures are up. Volumes are neutral. The next target up is 328.31. 309.35 is bearish.

5-8-26: Closed at 333.67. Trade pressures are down. Volumes are bullish. The next target down is 303.24. 359.56 signals higher.

5-18-26: Price at 359.24. Trade pressures are down. Volumes are bearish. The next target down is 339.20. 385 would signal higher.

5-23-26: Closed at 376.09. Trade pressures are up. Volumes are bearish. The next target up is 402.66. 358.03 would signal lower.

5-30-26: Closed at 368.35. Trade pressures are down. Volumes are bullish. The next target down is 339.20. 383.55 would signal higher.

6-6-26: Closed at 369.90. Trade pressures are down. Volumes are bearish. The next target down is 363.70. 401.70 would signal higher.

6-13-26: Closed at 386.00. Trade pressures are up. Volumes are now neutral. The next target up is 399.32. 375.26 would signal lower.

6-19-26: Closed at 393.98. Trade pressures are down but rising. Volumes are bullish. The next target up is 404.73. 372.62 would signal lower.

6-27-26: Closed at 378.89. Trade pressures are down. Volumes are bearish. The next target down is 363.57. A close above 393.39 would signal higher.

 

Comfort Systems USA, Inc.

Comfort Systems USA, Inc. (FIX) is a vital player in the data center boom, providing the “guts” for the data center buildout. In other words, Comfort Systems provides electrical, mechanical and plumbing systems, installing HVAC systems, electrical wiring, plumbing and piping. So, it’s not too surprising that the company’s backlog is a massive $12.45 billion!

With all of these projects in the pipeline, Comfort Systems provided a strong outlook for the upcoming years: It expects to achieve revenue of $10.5 billion and earnings of $1.3 billion by 2028. In comparison, the company reported revenue of $9.1 billion and earnings of $1.02 billion in fiscal year 2025.

In the near term, the analyst community anticipates that strong demand for its systems will continue to add to its top and bottom lines. Second-quarter earnings estimates have been revised 17% higher in the past two months. Comfort Systems is now expected to announce 59.6% year-over-year earnings growth and 36.8% year-over-year revenue growth for the second quarter. FIX is a Moderately Aggressive buy below $2,195.

SOM Technicals:

3-27-26: Closed at 1365.37. Trade pressures are down. Volumes are bearish. The next target down is 1329.03. Bullish above 1411.

4-11-26: Closed at 1592.84. Trade pressures are up. Volumes are bullish. The next target up is 1635.41. 1529.09 is bearish.

4-18-26: Closed at 1650.47. Trade pressures are up but turning down. Volumes are bullish. The next target up is 1660.37. 1534.57 is bearish.

4-24-26: Closed at 1720.50. Trade pressures are up but declining. Volumes are bearish. The next target down is 1681.06. 1767 is bullish.

5-1-26: Closed at 1867.02. Trade pressures are up. Volumes are bullish. The next target up is 1981.40. 1768 is bearish.

5-8-26: Closed at 1952.37. Trade pressures are up. Volumes are bullish. The next target up is 2022.33. 1917 signals lower.

5-18-26: Price is 1849.80. Trade pressures are down. Volumes are bearish. The next target down is 1833.53. 2037 would signal higher.

5-23-26: Closed at 1828.25. Trade pressures are down, but rising. Volumes are bearish. The next target down is 1656.66. 1903.31 would signal higher.

5-30-26: Closed at 1820.18. Trade pressures are down. Volumes are bearish. The next target down is 1700.64. 1914.24 would signal higher.

6-6-26: Closed at 1828.43. Trade pressures are down. Volumes remain bullish. The next target down is 1692.59. 1955.71 would signal higher.

6-13-26: Closed at 1882.00. Trade pressures are up. Volumes are now neutral. The next target up is 1926.72. 1826.80 would signal lower.

6-19-26: Closed at 1967.41. Trade pressures are up. Volumes are bullish. The next target up is 1993. 1938 would signal lower.

6-27-26: Closed at 1856.78. Trade pressures are down. Volumes are bearish. The next target down is 1804.63. A close above 1963.90 would signal higher.

 

Seagate Technology Holdings plc

Seagate Technology Holdings plc (STX) pulled back with the rest of the memory-related stocks this week due to weak trading in Europe and Asia and a questionable report on Substack. The uptick in volatility is always difficult to stomach, but I view this dip as a great buying opportunity. Here’s why…

Seagate Technology develops the best of the best AI-capable hard drives.

AI-capable hard drives serve as the backbone of AI data centers. They’re able to handle massive amounts of data associated with AI training models and other AI-related tasks. So, there has been robust and increasing demand for Seagate Technology’s hard drives.

In its third quarter of fiscal year 2026, Seagate Technology achieved 44.1% year-over-year revenue growth and 129.5% year-over-year earnings growth. Earnings of $4.10 per share topped estimates of $3.50 per share by 17.1%.

With demand expected to remain strong for the foreseeable future, analysts have upped fourth-quarter earnings estimates by 31.6% in the past three months. Fourth-quarter earnings are now forecast to jump 96.1% year-over-year to $5.08 per share, and revenue is expected to rise 42.5% year-over-year to $3.48 billion. STX is a Moderately Aggressive buy below $1,139.

SOM Technicals:

12-20-25: Closed at 300.01. Trade pressures are up. Volumes are neutral. The next target up is 312.94.

12-26-25: Closed at 286.22. Trade pressures are uup. Volumes are neutral. The next target down is 278.82.

1-2-26: Closed at 288.10. Trade pressures are up. Volumes are bullish. The next target up is 294.35.

1-10-26: Closed at 304.48. Trade pressures are down, but rising. Volumes are bullish. The next target up is 310.73.

1-24-26: Closed at 346.10. Trade pressures are up. Volumes are up. The next target up is 351.06.

1-30-26: Closed at 403.00. Trade pressures are up but declining. Volumes are neutral. The next target down is 379.01.

2-7-26: Closed at 427.90. Trade pressures are down into the neutral zone. Volumes are neutral. The next target up is 468.32.

2-14-26: Closed at 423.00. Trade pressures are up. Volumes are neutral. The next target up is 447.54.

2-20-26: Closed at 411.15. Trade pressures are down. Volumes are neutral. The next target down is 381.01.

3-27-26: Closed at 377. Trade pressures are down. Volumes are bearish. The next target down is 367.16. Bullish above 402.41.

4-11-26: Closed at 503.70. Trade pressures are up. Volumes are bearish. The next target up is 516.11. 484.45 is bearish.

4-18-26: Closed at 547.75. Trade pressures are up. Volumes are bullish. The next target up is 587.19. 531.19 is bearish.

4-24-26: Closed at 586.88. Trade pressures are up. Volumes are  bullish. The next target up is 614.00. 563.96 is bearish.

5-1-26: Closed at 727.29. Trade pressures are up. Volumes are bullish. The next target up is 738.65. 643.61 is bearish.

5-8-26: Closed at 782.35. Trade pressures are up. Volumes are bullish. The next target up is 810.11. 729.98 would signal lower.

5-18-26: Price is 735.26. Trade pressures are down. Volumes are bearish. The next target down is 699.42. 799 would signal higher.

5-23-26: Closed at 810.00. Trade pressures are up. Volumes are bullish. The next target up is 817.61. 771.37 would signal lower.

5-30-26: Closed at 879.00. Trade pressures are up. Volumes are bullish. The next target up is 905.39. 844.76 would signal lower.

6-6-26: Closed at 833.00. Trade pressures are down. Volumes are bearish. The next target down is 828.65. 962.11 would signal higher.

6-13-26: Closed at 936.13. Trade pressures are up. Volumes are now bullish. The next target up is 969.76. 861.10 would signal lower.

6-19-26: Closed at 1076. Trade pressures are up. Volumes are now bearish. The next target down is 980. 1103 would signal higher.

6-27-26: Closed at 902.43. Trade pressures are down. Volumes remain bearish. The next target down is 812.26. A close above 996.23 would signal higher.