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

https://navelliergrowth.investorplace.com/

Navellier says,

Lululemon Athletica (LULU) once again claims the top spot on the High-Growth Investments Buy List. Over the past two decades, Lululemon has led the athleisure fashion movement. Lululemon has more than 400 stores across four continents. And for workout buffs who are too busy to drive to their nearest store, there are multiple Lululemon e-commerce sites and mobile apps.

Even as it has grown its global footprint and customer base, Lululemon has kept true to its founding values. It differentiates itself by making some of the highest quality and most comfortable workout clothing that money can buy. Meanwhile, it maintains a strong presence in its local communities, offering free workshops and yoga classes in its stores.

Lululemon won’t release its third-quarter results until late November, but it’s already shaping up to be an excellent report. The company expects between 16.1% and 19.6% annual earnings growth and between 16.3% and 17.9% annual sales growth. Analysts are even more bullish about the company, forecasting 21.4% annual earnings growth and 18.6% annual sales growth.

LULU has been on a winning streak, and it shows no signs of slowing down. Buy this Moderately Aggressive stock up to $177 per share.

SOM Technicals:

7-30-18: Closed at 120.00. Trade pressures are down. Volumes are bearish. Consolidating at the prior 119.00 target level.

8-4-18: Closed at 126.08. Trade pressures are rising into the neutral zone. Volumes are bullish. Still in the consolidation zone. Need a close above 130.05 to start a new move up.

8-10-18: Closed at 130.52. Trade pressures are up. Volumes are bullish. The next target up is 150.12.

8-18-18: Closed at 130.19. Trade pressures are up. Volumes are neutral. One of the few with an upward bias in August.

8-26-18: Closed at 138.76. Trade pressures are up. Volumes are bullish. The next target up is 150.12.

9-1-18: Closed at 154.93. Trade pressures are up. Volumes are neutral. Big earnings surprise puts LULU above the 150.12 target. The next target up is 170.18.

9-8-18: Closed at 150.82. Trade pressures are up. Volumes are neutral. The next target up is 170.18. 

9-15-18: Closed at 153.71. Trade pressures are up and trending. Volumes are neutral. The next target up is 170.18.

9-23-18: Closed at 156.99. Trade pressures are up and trending. Volumes are bullish. The next target up is 170.18.

9-29-18: Closed at 162.49. Trade pressures up and trending. Volumes are bullish. The next target up is 170.18.

10-7-18: Closed at 153.84. Trade pressures are up but turning down. Volumes are bearish. The next target down is the 25×5 moving average at 148.50.

10-13-18: Closed at 143.71. Trade pressures are down. Volumes are bearish. The initial long entry at 130.05 is the the next support.

10-20-18: closed at 136.77. Trade pressures are down. Volumes are bearish. the prior long entry at 130.05 is support.

 

Fortinet, Inc. (FTNT) is another premium cybersecurity play on the High-Growth Investments Buy List. Fortinet provides unified security solutions that can be deployed over digital networks to protect users against malware, spam and network intrusions. The company provides its security solutions to data centers, enterprises, carriers and distributed offices around the globe. Fortinet currently boasts a portfolio of over 530 patents worldwide.

Since its founding back in November 2000, the company has had a meteoric rise. Over the past 18 years, it has shipped more than four million units of its security solutions. It has built up a base of over 360,000 customers. And since 2002, its revenues have surged from just $2 million to nearly $1.5 billion.

Clearly, the company’s products are in high demand. And FTNT is looking great going forward. For the third quarter, Fortinet expects revenue to be between $445 million and $455 million, or 18.9% to 21.6% annual sales growth. Third-quarter earnings per share are expected to be between $0.41 and $0.43, which represents 46.4% to 53.6% annual earnings growth.

FTNT is an excellent cybersecurity play and a strong growth stock. Buy this Moderately Aggressive stock up to $100 per share.

SOM Technicals:

9-29-18: Closed at 92.27. Trade pressures are up. Volumes are bullish. The next target up is 99.90.

10-7-18: Closed at 86.10. Trade pressures are down into the neutral zone. Volumes are bearish. Support is at 83.83.

10-13-18: Closed at 79.95. Trade pressures are down. Volumes are bearish. The old upside target of 277.70 could hold support.

10-20-18: Closed at 81.20. Trade pressures are down but rising. Volumes are now bullish. 84.20 signals a new long entry.

 

Ecopetrol SA (EC) is my top energy play on the Buy List right now. As a refresher, Ecopetrol is Colombia’s largest oil company and Latin America’s fourth-largest oil company. With operations in Brazil, Colombia, Peru and the U.S. Gulf Coast, Ecopetrol accounts for 60% of oil production in Colombia.

Last quarter, Ecopetrol achieved “significant operational and financial achievements” in the second quarter. Part of the company’s success was due to its highest production levels in seven quarters. Ecopetrol produced 721,000 barrels of petroleum equivalent per day during the second quarter.

Ecopetrol reported that second-quarter sales increased 29.2% year-over-year to 16.99 trillion Colombian pesos. Net income surged 169.7% year-over-year to 3.52 trillion Colombian pesos (or $1.17 billion). In U.S. dollar terms, earnings came in at $0.60 per ADS. This beat the $0.57 per ADS consensus estimate by 5.3%.

And the third quarter is looking even better. Since the second-quarter announcement, the third-quarter consensus EPS estimate has shot up 36%. Analysts are calling for 190.9% earnings growth and 36.4% sales growth. So, I’m looking forward to Ecopetrol’s third-quarter announcement, which is due out in mid-November. In the meantime, buy this Moderately Aggressive stock up to $30 per share.

SOM Technicals:

6-30-18: Closed at 20.55. Trade pressures are rising into the neutral zone. Volumes are bullish. Meeting the 25×5 moving average resistance at the 21.03 level. 

7-6-18: Closed at 20.49. Trade pressures are up into the neutral zone. Volumes are now bullish. A close above 20.44 would signal higher.

7-14-18: Closed at 20.72. Trade pressures are in the neutral zone. Volumes are mixed neutral and bullish. The next target up is 23.28.

7-20-18: Closed at 20.85. Trade pressures are in the neutral zone. Volumes are now bullish. The next target up is 23.28.

7-29-18: Closed at 20.68. Trade pressures are still in the neutral zone. Volumes are bearish. Consolidating after a new buy signal.

8-4-18: Closed at 21.32. Trade pressures are up. Volumes are now bearish. In the move up off the June lows. The next target up is 23.28.

8-10-18: Closed at 20.90. Trade pressures are down into the neutral zone. Volumes are bearish. Now sitting on support.

8-18-18: Closed at 20.49. Trade pressures are down. Volumes are bearish.The prior low is 18.68.

8-26-18: Closed at 22.10. Trade pressures are up. Volumes are neutral. The next target up is 23.28.

9-1-18: Closed at 22.60. Trade pressures are up. Volumes are bullish. The next target up is 23.28.

9-8-18: Closed at 22.32. Trade pressures are up but turning down. Volumes are mixed, bearish to bullish. The next target up is 23.28.

9-15-18: Closed at 25.14. Trade pressures are up. Volumes are neutral. The next target up is 26.12.

9-23-18: Closed at 24.78. Trade pressures are up. Volumes are neutral. Consolidating at the 26.12 target.

9-29-18: Closed at 26.94. Trade pressures are up and trending. Volumes are bullish. the next target up is 30.72.

10-7-18: Closed at 26.66. Trade pressures are up and trending. Volumes are bearish. The next target down is 25.08.

10-13-18: Closed at 25.50. Trade pressures are down into the neutral zone. The 25×5 at 24.40 is support.

10-20-18: Closed at 25.59. Trade pressures are down slightly. Volumes are bearish. The 25×5 support is holding at 24.74.

 

GrubHub, Inc. (GRUB) returns to the Top 5 list for the second-consecutive month. GrubHub is revolutionizing the food delivery industry, one order at a time. The company operates GrubHub, Seamless and Eat 24, online ordering platforms that connect hungry customers in 1,600 cities with 80,000 local restaurants. The company also operates two online menu websites—Allmenus.com and MenuPages.com. Together, these websites are helping to make paper takeout menus obsolete.

These easy-to-use apps are becoming very popular. Last quarter, active diners surged 72% year-over-year to 15.1 million. Of those, nearly a half a million users were Daily Active Grubs, which meant they placed orders every single day. Given this phenomenal growth rate, it’s no surprise that GrubHub is entering dozens of new markets every quarter.

So I’m looking forward to GrubHub’s third-quarter earnings report, which is slated for the end of October. The Street view is for earnings of $0.41 per share on $238.6 million in revenue, or 46% earnings growth and 46% sales growth. GrubHub is also known for beating estimates, so I expect that it’ll do even better. Buy this Aggressive stock up to $155 per share.

SOM Technicals:

9-1-18: Closed at 144.11. Trade pressures are up. Volumes are bullish. In the move up from the 105.30 entry. The next target up is 152.41.

9-8-18: Closed at 141.92. Trade pressures are up but turning down. Volumes are bullish. The next target up is 152.41.

9-15-18: Closed at 146.11. Trade pressures are up. Volumes are bullish. The next target up is 152.41.

9-23-18: Closed at 135.75. Trade pressures are down. Volumes are bearish. The next target down is 128.90.

9-29-18: Closed at 138.62. Trade pressures are down but turning up. Volumes are bullish to neutral. The next target up is 152.41.

10-7-18: Closed at 129.84. Trade pressures are down. Volumes are bearish. At the 126.54 downside target, the next target down is 112.44.

10-13-18: Closed at 116.55. Trade pressures are down. Volumes are bearish. At the 112.44 target now and consolidating.

10-20-18: Closed at 114.69. Trade pressures are down and extended, Volumes are bearish. At the 112.44 target and consolidating.

10-28-18: Closed at 87.95. Trade pressures are down. Volumes are bearish. The next target down is 84.34.

 

Burlington Stores, Inc. (BURL) joins the Top 5 after just one month on the Buy List. With 630 locations, Burlington is a fixture in shopping centers across the country. Along with coats and apparel, Burlington sells footwear, accessories, household products and beauty products. While many department stores are downsizing and cost cutting, Burlington Stores is thriving. That’s because it offers shoppers high-quality, name-brand merchandise at unbeatable prices. Of course, every store claims to do that, but Burlington Stores actually delivers through its off-price model.

So Burlington is doing better than ever, as demonstrated by Burlington’s outlook for FY 2018. Burlington expects total sales will grow between 10.1% and 10.6%. It expects adjusted earnings in a range of $6.13 to $6.20 per share, or between 40.3% and 41.9% annual earnings growth.

There aren’t too many retailers that can claim double-digit sales and earnings growth. And Burlington is expected to keep up the pace. Back-to-school season is upon us, and colder weather is just around the corner. For many shoppers looking for school outfits, or warmer coats, Burlington will be their first stop. Buy this Conservative stock up to $174 per share.

SOM Technicals:

9-29-18: Closed at 162.93. Trade pressures are down but rising into the neutral zone. Volumes are neutral. Need a close above 168.90 to signal higher.

10-7-18: Closed at 152.34. Trade pressures are down. Volumes are bearish. The next target down is 145.70.

10-13-18: Closed at 155.48. Trade pressures are up into the neutral zone. Volumes are now bullish. The next target up is the 25×5 resistance at 162.62.

10-20-18: Closed at 155.35. Trade pressures are up into the neutral zone. Volumes are bullish. 162.62 is now the new long entry.