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

CF Industries Holdings, Inc.

CF Industries Holdings, Inc. (CF), one of the biggest fertilizer companies in North America, has been in business for more than 75 years. From humble beginnings as a fertilizer supplier to regional agriculture customers in Illinois, CF Industries has grown to operate five nitrogen manufacturing plants in the U.S., as well as two plants in Canada, two plants in the U.K. and one in Trinidad.

Elevated natural gas prices have been a bit of a headwind for the company, but CF Industries still produced 5.1 million tons of ammonia in the first half of the year. In turn, it also achieved earnings of $2.05 billion, or $9.78 per share, in the first six months of 2022. For full year 2022, CF Industries expects ammonia production between 9.5 million and 10.0 million tons.

CF Industries is scheduled to release third-quarter results on November 2. Third-quarter earnings are expected to surge to $3.41 per share, up from a $0.86 per share loss in the same quarter a year ago. The analyst community has lowered estimates slightly in the past three months, but, clearly, CF Industries is anticipated to post blowout earnings results. Third-quarter revenue is forecast to come in at $2.35 billion. CF is a Conservative buy below $129.

SOM Technicals:

8-27-22: Closed at118.35. Trade pressures are up. Volumes are bullish. The next target up is 122.83 with support at 114.80.

9-2-22: Closed at 106.86. Trade pressures are up into the neutral zone. Volumes are bullish. The next target down is 98.40.

9-9-22: Closed at 102.46. Trade pressures are down. Volumes are now neutral. The next target down is 98.40.

9-16-22: Closed at 98.59. Trade pressures are down. Volumes are now bullish. The next target down is 85.29.

9-23-22: Closed at 93.79. Trade pressures are down. Volumes are are now neutral. The next target down is 85.29.

10-01-22: Closed at 96.25.Trade pressures are down into the neutral zone. Volumes are bearish. The next target down is 85.29.

10/8/22; closed at 104.80. Trade pressures are up. Volumes are bullish. The next target up is 109.45

10-16-22: Closed at 98.04. Trade pressures are down. Volumes are bearish. The next target down is the the 200 day MA at 92.26.

10-22-22: Closed at 107.32. Trade pressures are up. Volumes are bullish. The next target up is 110.46.

 

Devon Energy Corporation

Devon Energy Corporation (DVN) remains one of the few stocks on both the High-Growth Investments and Elite Dividend Payers Buy List, as it continues to earn a coveted AA-rating. In other words, DVN earns an A-rating from both Dividend Grader and Portfolio Grader, making it a prime candidate for income and growth.

The oil and natural gas company rewards shareholders not only with regular quarterly dividends but also with variable dividends of up to 50% of its extra free cash flow. Today, September 30, Devon Energy paid a regular dividend of $0.02 per share and a variable dividend of $1.53 per share. The $1.55 per share dividend represented a 22% increase over the previous quarter’s dividend.

Devon Energy plans to announce earnings and revenue for its third quarter on November 1. The current consensus estimate calls for third-quarter earnings of $2.21 per share on $5.08 billion in revenue, which represents 104.6% year-over-year earnings growth and 46.5% year-over-year revenue growth. Again, earnings estimates have been lowered slightly, but Devon Energy has a history of topping earnings estimates. DVN is a Moderately Aggressive buy below $65.

SOM Technicals:

5-1-22: Closed at 58.17. Trade pressures are up. Volumes are bearish. The next target down is 55.44.

5-6-22: Closed at 69.69. Trade pressures are up. Volumes are bullish. The next target up is 70.97.

5-14-22: Closed at 68.60. Trade pressures are up. Volumes are bullish. The next target up is 69.75.

5-21-22: Closed at 68.92. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is 73.18.

5-29-22: Closed at 75.85. Trade pressures are up. Volumes are Bullish. The next target up is 79.23.

6-05-22: Closed at 77.02. Trade pressures are up. But rolling over. Volumes are bullish. The next target up is 88.63.

6-11-22: Closed at 73.75. Trade pressures are down. Volumes are neutral. The next target down is 69.38.

6-18-22: Closed at 58.02. Trade pressures are down. Volumes are bearish. The next target down is 51.12.

6-25-22: Closed at 53.77. Trade pressures are down. Volumes are bearish. The next target down is 51.68.

7-2-22: Closed at 56.11. Trade pressure are in the neutral zone. Volumes are neutral. The next target down is the 200 day MA at 52.38.

7-9-22: Closed at 54.47. Trade pressures are up into the neutral one. Volumes are neutral. The next target up is 59.82.

7-30-22: Closed at 62.85. Trade pressures are up. Volumes are bullish. The next target up is 70.78.

8-6-22: Closed at 56.66. Trade pressures are down but rising. Volumes are bullish. The next target up is 59.82.

8-12-22: Closed at 65.56. Trade pressures are up. Volumes are bullish. The next target up is 70.78.

8-21-22: Closed at 68.51. Trade pressures are up. Volumes are now bearish. The next target down is 64.92.

8-27-22: Closed at 72.77. Trade pressures are up. Volumes are bullish. The next target up is 75.96.

9-2-22: Closed at 70.34. Trade pressures are down but rising. Volumes are now neutral. The next target down is 67.63.

9-9-22: Closed at 68.91. Trade pressures are down but rising. Volumes are now neutral. The next target up is71.72.

9-16-22: Closed at 66.82. Trade pressures are down. Volumes are bearish. The next target down is 60.00.

9-23-22: Closed at 57.69. Trade pressures are down. Volumes are now neutral. The next target down is 56.40.

10-1-22: Closed at 60.13. Trade pressures are now up. Volumes are neutral. The next target up is 62.26.

10-8-22: Closed at 72.04. Trade pressures are up and trending. Volumes are bullish. The next target up is 81.17.

10-16-22: Closed at 68.02. Trade pressures are up into the neutral zone. Volumes are bearish. The next target up is the retest of 71.23.

10-22-22: Closed at 74.29. Trade pressures are up. Volumes are bullish. The next target up is 81.107.

 

Marathon Oil Corporation

Marathon Oil Corporation (MRO) focuses primarily on maintaining the U.S.’s energy independence, as it operates in key oil and natural gas-producing regions across the country. It currently has operations in Eagle Ford, Bakken Shale, the Permian Basin and STACK/SCOOP.

For fiscal year 2022, Marathon Oil projects that it will produce 159 million to 165 million barrels of oil per day (Mbopd) in the U.S. It also anticipates that it will produce between 285 million and 290 million barrels of oil equivalent per day (Mboed) this year.

Marathon Oil is set to report third-quarter results on November 2. Third-quarter earnings are forecast to soar 220.5% year-over-year to $1.25 per share, up from $0.39 per share in the same quarter a year ago. Revenue is anticipated to increase 59% year-over-year to $2.09 billion, compared to $1.31 billion in the third quarter of 2021. Earnings are slightly lower than estimates three months ago; however, Marathon Oil has exceeded expectations for the past four quarters. MRO is a Moderately Aggressive buy below $25.

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.

 

Petroleo Brasilero S.A.

Petroleo Brasilero S.A. (PBR), or Petrobras, is one of the biggest oil and gas companies in the world, producing an average 2.84 million barrels of oil equivalent per day. The company also is engaged in alternative energy solutions, with five biodiesel plants, 20 thermoelectric plants, joint ventures in four wind energy projects and one solar energy plant.

As a Brazilian company, Petrobras has benefited from its home country’s efforts to boost natural gas supplies. So far this year, Petrobras has produced 2.72 million barrels of oil equivalent per day (Mboed), with natural gas accounting for 514,000 boed. Strong production and sales are expected to continue to add to Petrobras’ top and bottom lines in the second half of the year.

For the third quarter, which is anticipated to be announced in November, the analyst community expects earnings to jump 215.7% year-over-year to $1.61 per share. Earnings estimates have been revised 30% higher in the past three months, which bodes well for a quarterly earnings surprise. Third-quarter revenue is forecast to grow 36.2% year-over-year to $31.67 billion. PBR is a Conservative buy below $14.

SOM Technicals:

5-29-22: Closed at 14.29. Trade pressures are are down. Volumes are bearish. The next target down is 13.95.

6-05-22: Closed at 14.20. Trade pressures are rising into the neutral zone. Volumes are bearish. The next target down is 13.34.

6-11-22: Closed at 13.27. Trade pressures are down. Volumes are neutral. the next target down is 12.14.

6-18-22: Closed at 11.61. Trade pressures are down. Volumes are bearish. The next target down is 10.07.

10-1-22: Closed at 12.34. Trade pressures are down, but rising. Volumes are bullish. The next target up is 12.56.

10-8-22: Closed at 14.36. Trade pressures are up. Volumes are bullish. The next target up is 14.99.

10-16-22: Closed at 13.95. Trade pressures are up into the neutral zone. Volumes are now neutral. The next target up is a retest of 14.29.

10-22-22: Closed at 16.05. Trade pressures are up. Volumes are bullish. The next target up is 16.93.

 

Sociedad Quimica y Minera de Chile S.A.

Sociedad Quimica y Minera de Chile S.A. (SQM) is the largest producer of lithium, iodine potassium nitrate and thermos-solar salt in the world. The company boasts that it has operated in the lithium industry for 25 years now, and The Wall Street Journal recently named SQM as the best-performing lithium stock.

The fact is SQM continues to benefit from strong demand and elevated prices for lithium, as about 73% of its gross profit comes from lithium. Currently, lithium prices stand at about $71,000 per metric ton, which is up from $10,000 per metric ton at the end of 2020. So far this year, lithium prices have soared 119% – and that has added handsomely to SQM’s top line, with second-quarter lithium revenue coming in at $1.85 billion.

SQM will post results for its third quarter on November 16. Third-quarter earnings are forecast to surge 1,140% year-over-year to $3.10 per share, compared to $0.25 per share in the same quarter last year. Analysts have increased earnings estimates by 15.2% in the past three months, so a fifth-straight quarterly earnings surprise is likely. SQM is an Aggressive buy below $111.

SOM Technicals:

7-30-22: Closed at 98.37. Trade pressures are up. Volumes are bullish. The next target up is 114.55.

8-6-22: Closed at 92.79. Trade pressures are down. Volumes are bearish. The next target up is 96.79.

8-12-22: Closed at 108.70. Trade pressures are up. Volumes are bullish. The next target up is 114.55.

8-21-22: Closed at 90.07. Trade pressures are down. Volumes are bearish. The next target up 93.58, the new long entry.

10-1-22: Closed at 90.75. Trade pressures are down but rising. Volumes are bearish. The next target up is 94.11.

10-8-22: Closed at 90.05. Trade pressures are down into the neutral zone. Volumes are bearish. The next target down is 78.98.

10-16-22: Closed at 93.57. Trade pressures are down. Volumes are bearish. The next target down is support at the low pivot at 80.25.

10-22-22: Closed at 94.08. Trade pressures are up. Volumes are bullish. The next target up is 98.59.