The following is provided by Navellier with technical comment from South Ocean Management – pls do your own due diligence.
(For this 2020 year, SOM will track only the Top 5 Hi-Growth Investments.)

https://navelliergrowth.investorplace.com/

Navellier says,

High-Growth Investments

DocuSign, Inc.

DocuSign, Inc. (DOCU) is making its fifth-straight appearance on the Top 5 Stocks list this month. You may recall that DocuSign developed a cloud-based platform that enables companies to create, upload and send agreements to stakeholders for electronic signatures. Many companies were moving toward a paperless approach to contracts and other agreements, but the global pandemic has accelerated this movement. In fact, the company experienced a 55% increase in enterprise and commercial clients during its second quarter in fiscal year 2021.

This increase in clients certainly added to DocuSign’s top and bottom lines, too. The company reported total revenue of $342.2 million and earnings of $0.17 per share, or 45% annual revenue growth and 1,600% annual earnings growth. Given these blowout second-quarter results, DocuSign, as well as the analyst community, has increased its third-quarter expectations.

DocuSign is anticipated to release results for its third quarter in fiscal year 2021 in early December. The current consensus estimate calls for earnings of $0.13 per share on $361.3 million in revenue, which represents 18.2% annual earnings growth and 44.8% annual revenue growth.

Considering that DocuSign has crushed analysts’ earnings estimates by an average 134% over the past four quarters, I’m looking for another quarter of blowout results. DOCU is a Moderately Aggressive buy below $222.

SOM Technicals:

6-26-20: Closed at 177.58. Trade pressures are up. Volumes are bullish. This spike up is not likely to continue in the face of the sell off.

7-4-20: Closed at 190.99. Trade pressures are up. Volumes are bullish. This parabolic move is very uncomfortable.

7-10-20: Closed at 210.11. Trade pressures are up but reversing. A close below 210 would signal lower.

7-18-20: Closed at 196.42. Trade pressures are down but rising. Volumes are neutral. The next target up is 217.

7-24-20: Closed at 190.95. Trade pressures are down. Volumes are bearish. The next target down is 172.23.

7-30-20: Closed at 217.45. Trade pressures are up. Volumes are bullish. The next target up is 257.20.

8-7-20: Closed at 205.00. Trade pressures are down. Volumes are bearish. Dropped thru two downside targets this week. The next target down is 185.06.

8-15-20: Closed at 199.71. Trade pressures are neutral. Volumes are neutral also. Traded down near the 185.06 target and now has moved higher. At the 25×5 MA and looks lower. The next target don is the 185.91 Target.

8-21-20: Closed at 210.18. Trade pressures are up but showing reversal. Volumes are bullish. The next target up is 221.00.

8-29-20: Closed at 215.24. Trade pressures are up. Volumes are bearish. resistance here at the 217.23 level, which is also the new long entry.

9-5-20: Closed at 216.26: Trade pressures are down. Volumes are bearish. Sitting on the 25×5 MA support at 216.

9-12-20: Closed at 197.94. Trade pressures are down. Volumes are bearish. A close below 196.53 triggers a new short entry.

9-19-20: Closed at 194.42. Trade pressures are down. Volumes are neutral. The next target down is 173.35.

9-26-20: Closed at 212.36. Trade pressures are down into the neutral zone. Volumes are bullish. The next target down is 173.35.

10-11-20: Closed at 225.80. Trade pressures are down into the neutral zone. Volumes are bullish. A close above 240 would signal higher.

10-17-20: Closed at 234.60. Trade pressure are up. Volume are bullish. The next target up is 300.00.

10-24-20: Closed at 219.82. Trade pressures are down but reversing. Volumes are bearish. The next target down is 195.29.

10-30-20: Closed at 202.25. Trade pressures are down. Volumes are bearish. the next target down is 195.29.

11-07-20: Closed at 231.69. Trade pressures are up but reversing. Volumes are bearish. Resistance at 246 held. the next raget down is the 195 prior target.

11-14-20: Closed at 205.70. Trade pressures are now up but reversing again. Volumes are bearish. The 195 level was touched then rallied to the close.

11-20-20: Closed at 221.59. Trade pressures are up. V olumes are bullish.  The next target up is 241.70.

 

Logitech International S.A.

Logitech International S.A. (LOGI) continues to benefit from the boom in online gaming, as well as the move to remote working environments, during the global pandemic. You may recall that Logitech offers a range of products from keyboards and mice to iPad and tablet accessories, from headsets and webcams to video conferencing tools and speakers. And strong demand for these products added nicely to Logitech’s top and bottom lines.

In fact, for its second quarter in fiscal year 2021, which was reported on October 20, Logitech achieved sales of $1.26 billion, or a 75% year-over-year increase. That crushed analysts’ estimates for $834.55 million. Second-quarter earnings soared 295% year-over-year to $354 million, or $1.87 per share, also topping forecasts for $0.57 per share by a whopping 228.1%.

Logitech noted that the surge in its business during its second quarter was a direct result of the new environment: “Our products are essential to helping customers work, play and create wherever they are. Logitech is well positioned for long-term growth.”

As a result, Logitech increased its full-year 2021 outlook. The company now expects to achieve sales growth between 35% and 40%, up from its previous forecast for 10% to 13% annual sales growth. Full-year earnings are forecast to be between $700 million and $725 million, compared to previous estimates for $410 million to $425 million. LOGI is a Conservative buy below $92.

SOM Technicals:

10-30-20: Closed at 84.65. Trade pressures are down. Volumes are bearish. The next target down is 78.25.

11-07-20: Closed at 95.94. Trade pressures are up and trending. Volumes are bullish. the next target up is 95.71 the prior high.

11-14-20: Closed at 83.16. Trade pressures  have turned up. Volumes are neutral. The 75 level has held as support.

11-20-20: Closed at 83.72. Trade pressures are up. Volumes are bullish. Remains in the downtrend. The resistance is 87.50.

 

 

Novavax, Inc.

Novavax, Inc. (NVAX) is another one of our Buy List companies that’s benefiting from the global pandemic. Specifically, Novavax is well-known for developing vaccines for the toughest viruses in the world, so it’s no surprise that the company has a leg in the race for the coronavirus vaccine.

Earlier this week, Novavax provided an update on its Phase 3 clinical trial for the COVID-19 vaccine. The company has expanded its clinical trial in the U.K. to include 15,000 volunteers, which will enable Novavax to determine the safety and efficacy of its vaccine candidate quicker. Data from the trial is anticipated in the first quarter of 2021.

Novavax also noted that its Phase 3 clinical trial in the U.S. and Mexico is slated to start by the end of November. The trial is supported by the U.S. government’s Operation Warp Speed, and it is expected to enroll up to 30,000 volunteers.

Given the positive developments regarding the COVID-19 vaccine, analysts are expecting stunning third-quarter results from Novavax. The company is expected to report earnings for the third quarter in early November. Analysts are looking for earnings to surge 347.3% year-over-year to $1.83 per share, up from a $0.74 earnings per share loss in the same quarter a year ago. NVAX is an Aggressive buy below $125.

SOM Technicals:

9-26-20: Closed at 113.56. Trade pressures are up. Volumes are bullish. The next target up is 129.69.

10-11-20: Closed at 111.12. Trade pressures are up and trending. Volumes are buillish. The next target up is 129.00. 

10-17-20: Closed at 107.04. Trade pressures are down. volumes are bearish. A close below 101 would signal lower.

10-24-20: Closed at 93.13. Trade pressures are down and trending. Volumes are bullish. the next target down is 73.45.

10-30-20: Closed at 80.71. Trade pressures are down but rising. The next target down is 73.45. A close above 117.39 would start a new move up.

11-07-20: Closed at 89.86. Trade pressures are up but reversing. Volumes are bullish. Need a close above the 25×5 at 98 to restart the move up.

11-14-20: Closed at 96.60. Trade pressures are up. Volumes are bullish. A close above 100 would signal higher.

11-20-20: Closed at 86.60. Trade pressures are down. Volumes are bearish. At resistance. The next target down is 73.45. A break of the resistance would signal higher to 117.39.

 

Quidel Corporation

Quidel Corporation (QDEL) has continued to exhibit tremendous relative strength. In fact, shares rose 8% this week versus the Dow’s 6.5% drop and the S&P 500’s 5.6% dip. As we discussed in the October 26 Special Market Podcast, the market pulled back on rising coronavirus fears. Confirmed cases accelerated over the weekend, leading several European countries to impose restrictions again.

No one wants to see another outbreak of the virus, but investors were optimistic that rising cases will create more demand for Quidel’s coronavirus diagnostic tests. Quidel has already ramped up the production of its rapid antigen test, doubling production to about two million tests per week. The company also plans to build more production lines, with a goal of producing more than 22 million tests per year by July 2021.

Clearly, the need for coronavirus testing isn’t going away any time soon—and that bodes particularly well for Quidel’s business. The analyst community agrees. Third-quarter earnings estimates were revised a whopping 98.7% higher in the three months leading up to Quidel’s quarterly report. And on Thursday evening, Quidel did not disappoint, posting blowout third-quarter results.

For the third quarter, Quidel achieved total revenue of $476.1 million, up 276% from the $126.5 million in the same quarter a year ago. Third-quarter earnings surged 725.7% year-over-year to $5.78 per share, compared to $0.70 per share in the third quarter of 2019. The analyst community was expecting earnings of $4.75 per share on revenue of $450.39 million, so Quidel beat earnings estimates by 21.7% and revenue forecasts by 5.7%. QDEL is an Aggressive buy below $322.

SOM Technicals:

7-30-20: Closed at 282.47. Trade pressures are up. Volumes are bullish. The next target up is 367.57.

8-7-20: Closed at 272.76. Trade pressures are down. Volumes are bearish. The next target down is 259.83 the 25×5 MA.

8-15-20: Closed at 245.93. Trade pressures are up. Volumes are bearish. At the 25×5 MA. Should act as resistance. The next target down is 215.00.

8-21-20: Closed at 241.52. Trade pressures are in the neutral zone. Volume are bearish. Appears to want to test the 200.00 support level.

8-29-20: Closed at 162.97. Trade pressures are down hard. Volumes are neutral, short covering? The 200 day MA held as support. A close above 188.83 is the new long entry.

9-5-20: Closed at 154.41. Trade pressures are down. Volumes are bearish. 200 day MA is holding as support.

9-12-20: Closed at 161.19. Trade pressures are rising into the neutral zone. Volumes are now bullish. A close above 188.63 would signal higher.

9-19-20: Closed at 188.50. Trade pressures are up. Volumes are bullish. Has triggered a new long entry. The next target up is 248.00.

9-26-20: Closed at 196.77. Trade pressures are up but turning down. Volumes are bullish. The next target down is 161.41.

10-11-20: Closed at 278.05. (Nice  move while i was gone!) Trade pressures are up and trending. Volumes are bullish. The next target up is 290.43.

10-17-20: Closed at 255.25. Trade pressures are down. Volumes are bearish. A retest of the breakout. support at 223.

10-14-20: Closed at 248.21. Trade pressures are down and trending. Volumes are bearish. At the 239 support.

10-30-20: Closed at 268.29. Trade pressures are up but reversing. Volumes are bullish. the 239 support held. The next target down is 201.45 which would be voided by any close above 287.30.

11-07-20: Closed at 283.46. Trade pressures are up. Volumes are bullish. The next target up is 290.43.

11-14-20: Closed at 198.65. Trade pressures are down. Volumes are bearish. Vaccine prospects presage less testing. At support now.

11-20-20: Closed at 187.19. Trade pressures are down. Volumes are bearish. At 180.00, the 200 day MA as support. A close above 217 is required to restart any new move up.

 

Zoom Video Communications, Inc.

Zoom Video Communications, Inc. (ZM) isn’t showing any signs of slowing down. The company has probably been one of the biggest beneficiaries of the coronavirus pandemic, as primary schools, colleges and businesses alike turned to its online communication platform to host classes, study groups, meetings and even job interviews. Individuals have also utilized the platform in order to maintain relationships with family and friends from afar.

During the second quarter alone, Zoom’s revenue soared 355% year-over-year and earnings surged 1,045% year-over-year. Analysts are now looking for a repeat performance in the third and fourth quarters, especially since European countries like Ireland and Italy recently reinstated lockdown restrictions and curfews. So, it looks like Zoom’s communication platform will remain in top demand for the foreseeable future.

To account for this surge, analysts have upped third-quarter earnings estimates by 117% in the past two months and fourth-quarter forecasts by 124% in the past three months. Third-quarter earnings are now expected to soar 744.4% year-over-year to $0.76 per share and revenue is anticipated to jump 315.3% year-over-year to $691.93 million.

Zoom hasn’t provided an exact date for its third-quarter earnings release yet, but the company is expected to announce results in early December. ZM is an Aggressive buy below $553.

SOM Technicals:

7-30-20: Closed at 253.91. Trade pressures are down but rising into the neutral zone. Volumes are bearish. The next target down is 209.79.

8-7-20: Closed at 258.73. Trade pressures are down. Volumes are Bearish. The next target down is 239.12.

8-15-20: Closed at 244.91. Trade pressures are up. Volumes are bearish. Rising into net bearish volumes after reaching the 227.53. target. Need to get thru the 25×5 MA at 254.63, otherwise more downside.

8-21-20: Closed at 289.68. Trade pressures are up and trending. Volumes are bullish. The resistance was non- existent. A new long entry was triggered at 271.00.

8-29-20: Closed at 299.27. Trade pressures are up. Volumes are bullish. The next target up is 314.82.

9-5-20: Closed at 369.89. Trade pressures are down into the neutral zone. Volumes are bullish. The next target down is 314.78 which would close the gap up. 

9-12-20: Closed at 383.00. Trade pressures are now up. Volumes are bearish. A close below 376 would signal a new leg down.

9-19-20: Closed at 438.73. Trade pressures are up. Volumes are bullish. In the new move after a back test to try to close the gap at 345. The next target up is 470.76.

9-26-20: Closed at 496.50. Trade pressures are up but declining. Volumes are now neutral. The next target down is 452.23.

10-11-20: Closed at 492.41. Trade pressures up Volumes are bullish. The next target up is the 529.74  prior high.

10-17-20: Closed at 559.00. Trade pressures are up and trending. Volumes are bullish. the next target up is 594.76.

10-24-20: Closed at 511.52. Trade pressures are down. Volumes are bearish. The next target down is 487.96.

10-30-20: Closed at 460.91. Trade pressures are down. Volumes are bearish. The next target down is 446.50.

11-07-20: Closed at 500.11. Trade pressures are up. Volumes are bullish. Need to clear the 25×5 resistance at 501.00.

11-14-20: Closed at 403.68. Trade pressures are up into the neutral zone. Volumes are bearish. The next target down is 357.00.

11-20-20: Closed at 439.60. Trade pressures are up. Volumes are now bullish. The next target up is resistance at 470.00.