Navellier Top 5 Stocks for March

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

CubeSmart

CubeSmart (CUBE) manages about 1,200 self-storage locations in the U.S., which makes it one of the top three self-storage providers in the country. At the end of 2021, CubeSmart had 44.2 million square feet of rentable space at its 651 third-party managed stores and 35.5 million square feet at its 607 stores. And its units were 93.3% occupied.

Thanks to the strong occupancy rate and performance across its portfolio, CubeSmart reported full-year 2021 earnings of $223.5 million, or $1.09 per share, which was up from $165.6 million, or $0.85 per share, in 2020. Full-year FFO grew 22.7% year-over-year to $2.11 per share, compared to $1.72 per share in 2020.

Company management stated, “We closed out a remarkable 2021 with continued execution across all of our strategic growth objectives … We are confident that 2022 will be another excellent year for our industry and our company.”

For fiscal year 2022, CubeSmart expects earnings per share between $0.98 and $1.05 and FFO per share between $2.35 and $2.42. And for the first quarter, earnings per share are forecast to be between $0.20 and $0.22, while FFO per share is expected to be between $0.56 and $0.58. CUBE is a Conservative buy below $53.

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 arebullish. the next target up is 52.08.

 

Endava plc

Endava plc (DAVA) is a technology services company that offers several capabilities, including business analysis, data and analytics, program management, machine learning and artificial intelligence (AI), extended reality, product design, automated testing, cloud native software engineering, cloud infrastructure, and much, much more! The company has benefited from strong demand for digital transformation services, as evidenced by its recent results.

During its second quarter in fiscal year 2022, revenue jumped 49.8% year-over-year to 157.7 million pounds, and adjusted earnings increased 61.6% year-over-year to 26.5 million pounds. Adjusted earnings per share rose 58.6% year-over-year to 0.46 pounds, topping estimates for 0.43 pounds.

For the third quarter, Endava expects year-over-year revenue growth between 44% and 45%. Third-quarter adjusted earnings per share are forecast to be between 0.42 and 0.44 pounds, up from 0.39 pounds in the same quarter a year ago. DAVA is a Moderately Aggressive buy below $147.

SOM Technicals:

11-20-21: Closed at 155.76. Trade pressures are down. Volumes are bearish. The next target down is 142.70.

11-28-21: Closed at 151.48. Trade pressures are down. Volumes are bearish. The next target down is 142.79.

12-03-21: Closed at 140.02. Trade pressures are down. Volumes are bearish. The next target down is 124.48.

12-10-21: Closed at 149.69. Trade pressures are down. Volumes are bullish. The next target up is 163.69.

12-17-21: Closed at 148.04. Trade pressures are now up. Volumes are bullish. The next long entry trigger up is 149.05.

12-31-21: Closed at 167.92. Trade pressures are up but turning down. Volumes are bullish. The next target up is 170.59.

1-7-22: Closed at 129.22. Trade pressures are down. Volumes are bearish. The next target down is 124.48.

1-14-22: Closed at 129.44. Trade pressures are down but rising. Volumes are bearish. The next target up is 139.86; the trigger for the long entry.

1-21-22: Closed at 112.44. Trade pressures are down. Volumes are bearish. At support. The European stocks are less damaged.

2-25-22 Re-added. Closed at 132.17. Trade pressures are up. Volumes are now neutral. The next target up is 134.17.

3-5-22: Closed at 100.47. Trade pressures are down. Volumes are bearish. The next target down is 96.62.

3-19-22: Closed at 128.47. Trade pressures are up. Volumes are bullish. The next target up is 130.14.

 

Extra Space Storage

Extra Space Storage (EXR), one of our other self-storage plays, manages more than 2,000 Extra Space Storage-branded locations in the U.S. That makes it the second-largest operator of self-storage units in the country – and its business has been booming. On Wednesday afternoon, Extra Space Storage crushed analysts’ expectations for the fourth quarter, thanks to an “exceptional” performance of high occupancy and strong pricing power.

Fourth-quarter earnings soared 72% year-over-year to $268.43 million, or $2.00 per share, up from $156.06 million, or $1.19 per share, in the same quarter a year ago. Analysts estimates called for fourth-quarter earnings of $1.40 per share, so Extra Space Storage posted a stunning 42.9% earnings surprise.

For its fiscal year, Extra Space Storage achieved earnings of $827.65 million, or $6.19 per share, which represented 71.8% annual earnings growth. Analysts were only expecting full-year earnings of $5.27 per share.

I should add that as a real estate investment trust (REIT), Extra Space Storage also continues to reward its shareholders. It recently announced that it upped its quarterly dividend by 50% year-over-year. The new first-quarter dividend of $1.50 per share will be paid on March 31 to all shareholders of record on March 15. The stock has a 2.7% dividend yield. EXR is a Conservative buy below $208.

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.

 

Ford Motor Company

Ford Motor Company (F), one of the big three auto manufacturers in the U.S., is starting to make a name for itself in electric vehicle (EV) circles. In 2021, Ford became the number-two seller of EVs in the U.S., and the company is committed to boosting EV production to 600,000 vehicles by 2023. EVs are expected to account for at least 40% of all vehicle production by 2030.

Ford noted that it already has more than 275,000 reservations for its line of EVs, which includes the Mustang Mach-E SUVs, the F-150 Lightning pickup truck and E-Transit commercial vehicles.

In addition to its EVs, Ford’s new Bronco and Maverick pickup truck, which were named the North American SUV and truck of the year in 2021, respectively, experienced strong demand in the fourth quarter. As a result, Ford slipped into the number-one spot as the top-selling auto manufacturer in the U.S. last year.

Overall, Ford achieved 8.9% annual revenue growth and 341.7% annual earnings growth in its fiscal year 2021. With 2022 marking the first full year of production for the Bronco and Maverick, as well as continuing demand for the F-150 Lightning and Mustang Mach-E, Ford expects 2022 to be another successful year for the company. F is a Conservative buy below $20.

SOM Technicals:

12-18-21: Closed at 19.77. Trade pressures are down. Volumes are bearish. The next target down is 18.97.

12-31-21: Closed at 20.77. Trade pressures are up but declining. Volumes are bullish. The next target down is 18.97.

1-7-22: Closed at 24.44. Trade pressures are up. Volumes are neutral. The next target up is 26.20.

1-14-22: Closed at 25.19. Trade pressures are up. Volumes are bullish. The next target up is 26.45.

1-21-22: Closed at 20.65. Trade pressures are down. Volumes are bearish. The next target down is 19.27.

1-29-22: Closed at 19.54. Trade pressures are down. Volumes are bearish. The next target down is the 200 day MA at 15.96.

2-5-22: Closed at 17.96. Trade pressures are down. Volumes are neutral. The next target down is the 200 day MA at 16.16.

2-12-22: Closed at 17.56. Trade pressures are down but rising. Volumes are bearish. The next target down is 17.02.

2-20-22: Closed at 18.04. Trade pressures are rising into the neutral zone. Volumes are bullish. The next target up is 20.39.

2-25-22: Closed at 17.83. Trade pressures are up. Volumes are now neutral. The next target up is 19.33.

3-5-22: Closed at 16.85. Trade pressures are down. Volumes are bearish. The next target down is 15.96.

3-19-22: Closed at 16.86. Trade pressures are up. Volumes are bullish. The next target up is 18.88.

 

TFI International, Inc.

TFI International, Inc. (TFII) is primarily a transportation and logistics services company that’s based in Canada but has a network that covers more than 80 North American cities. The company has more than 560 facilities, more than 80 operating companies and more than 14,800 drivers – all dedicated to providing the logistics and transport services necessary to keep freight moving across North America.

We added TFII to the High-Growth Investments Buy List back in November, as the company’s business has been booming amidst the port bottlenecks and supply chain disruptions. In fact, TFII achieved 58.5% annual earnings growth and 91% annual revenue growth in fiscal year 2021.

In the wake of these stunning results, the analyst community has increased earnings estimates for the first two quarters of 2022, as well as for full-year 2022. For fiscal year 2022, the company is now expected to report 19.9% annual earnings growth and 15% annual revenue growth. TFII is a Conservative buy below $115.

SOM Technicals:

1-29-22: Closed at 94.06. Trade pressures are down. volumes are bearish. at support. A close above 95.90 would signal higher.

2-5-22: Closed at 98.33. Trade pressures are down. Volumes are now neutral. The next target up is 101.22.

2-12-22: Closed at 107.07. Trade pressures are up  but rolling over. Volumes are bullish. The next target up is 111.88.

2-20-22: Closed at 102.28. Trade pressures are down. Volumes are now neutral. The next target down is 98.04.

2-25-22: Closed at 103.45. Trade pressures are up. Volumes are bullish. The next target up is 111.88.

3-5-22: Closed at 103.25. Trade pressures are down. Volumes are bearish. The next target down is 94.88.

3-19-22: Closed at 107.38. Trade pressures are up. Volu mes are bullish. The next target up is 111.05.