Navellier Top Stocks for December

.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,

High-Growth Investments

Arch Capital Group Ltd.

Back in 2001, Arch Capital Group Ltd. (ACGL) was founded in Bermuda due to rising demand for reinsurance solutions. Over the past 18 years, the firm has expanded through strategic acquisitions to include insurance and mortgage insurance options, too. Today, Arch Capital Group is a global underwriter of insurance, reinsurance and mortgage insurance.

On October 29, Arch Capital Group posted third-quarter earnings that topped analysts’ estimates. The company achieved third-quarter earnings of $261 million, or $0.63 per share, compared to $242.3 million, or $0.59 per share, in the third quarter of 2018. Analysts were expecting earnings of $0.62 per share, so ACGL topped estimates by 1.6%.

Looking forward, analysts are expecting fourth-quarter earnings to jump 47.8% year-over-year to $0.68 per share, which is up from $0.46 per share in the same quarter a year ago. ACGL is a Conservative buy below $44.

SOM Technicals:

10-25-19: Closed at 40.80. Trade pressures are up but turning down. Volumes are Neutral. At the 39.05 target levels and in consolidation.

11-2-19: Closed at 41.82. Trade pressures are up. Volumes are bullish. At weekly resistances.

11-9-19: Closed at 40.58. Trade pressures are down. Volumes are bearish. The next target down is 38.93.

11-16-19: Closed at 40.63. Trade pressures are down but rising. Volumes are bearish. In the down trend. The next target down is 39.25.

11-22-19: Closed at 47.08. Trade pressures are down into the neutral zone. Volumes are bearish. In the move down. The next target down is 39.25.

11-30-19: Closed at 41.97. Trade pressures are up. Volumes are bullish. In the move p after a 5% pullback.

12-7-19: Closed at 41.18. Trade pressures are up. Volumes are neutral. In the new move up from the 41.39 level.

12-12-19: Closed at 41.75. Trade pressures are up. Volumes are bullish. Rallying inside the move down.

 

Copart, Inc.

Copart, Inc. (CPRT) is a leading global provider of online vehicle auctions, as well as a major destination for the resale and remarketing of vehicles. Currently, the company operates more than 200 locations in 11 countries—and more than 150,000 vehicles are involved in auctions each day.

After the stock market closed on Wednesday, Copart released results for its first quarter in fiscal year 2020. Revenue increased 20.2% year-over-year to $554.4 million, compared to $461.3 million in the first quarter of 2019. Analysts were looking for revenue of $544.63 million.

First-quarter earnings surged 93.6% year-over-year to $0.91 per share, up from $0.47 per share in the same quarter a year ago. Adjusted earnings per share were $0.65, which topped expectations for $0.59 per share by 10.2%. CPRT rallied nicely higher on Thursday, thanks to the first-quarter earnings and revenue beat. CPRT is a Conservative buy below $96.

SOM Technicals:

11-22-19: Closed at 89.26. Trade pressures are up. Volumes are neutral. In the uptrend. The next target up is 95.56.

11-30-19: Closed at 89.00. Trade pressures are up but declining. Volumes are neutral. The next target up is 94.81.

12-7-19: Closed at 88.58. Trade pressures are in the neutral zone. Volumes are bearish. Still in the uptrend.

12-12-19: Closed at 88.62. Trade pressures are up. Volumes are neutral.. The next target up is 94.81.

 

Keysight Technologies, Inc.

Keysight Technologies, Inc. (KEYS) provides technology solutions that help its customers bring electronic products to the market faster and at lower costs. And, as we discussed in the November 15 Weekly Update, the company is directly in line to benefit from the 5G boom. Keysight Technologies helps its customers better adapt to 5G technology with its design and test solutions.

Just this week, Sprint (S) announced that it would utilize Keysight Technologies’ 5G network emulation solutions. The company plans to use the products to boost the 5G commercial deployment of fixed wireless access in the U.S., to enhance mobile broadband applications and to validate the performance of 5G new radio mobile devices.

Keysight Technologies is scheduled to release earnings and sales for its fourth quarter in fiscal year 2019 after the stock market closes on Tuesday, November 26. The consensus estimate calls for earnings of $1.18 per share on $1.09 billion in revenue, or 16.8% annual earnings growth and 4.2% annual revenue growth. Analysts have also upped earnings per share estimates by $0.12 in the past three months, so a fifth-straight quarterly earnings surprise is likely. KEYS is a Moderately Aggressive buy below $113.

SOM Technicals:

11-22-19: Closed at 103.70. Trade pressures are down into the neutral zone. Volumes are in the neutral zone. In the uptrend with a n upside target of 111.59.

11-30-19: Closed at 107.03. Trade pressures are rising in the neutral zone. Volumes are neutral. The next target up is 111.59.

12-7-19: Closed at 103.20. Trade pressures are rising in the neutral zone. Volumes are bearish. In the down trend and below the 25×5 MA.

12-12-19: Closed at 107.85. Trade pressures are up. Volumes are bullish. The next target up is 111.59.

 

NextEra Energy, Inc.

NextEra Energy, Inc. (NEE) is our play in the renewable, clean energy industry. In fact, the company is the largest generator of renewable energy in the world, thanks to its wind, sun and batter storage operations. At the end of 2018, NextEra Energy had about 21,000 megawatts of net generating capacity in the U.S. and Canada.

Earlier this week, NextEra Energy commenced operations at its Shaw Creek Solar Energy Center in Aiken, South Carolina. The center covers 560 acres, with more than 270,000 photovoltaic solar panels. And it can generate nearly 75 megawatts of electricity, which will provide a clean energy power source for South Carolina.

For the fourth quarter, the analyst community has revised earnings forecasts slightly lower in the past month. NextEra Energy is expect to post earnings of $1.48 per share, or a 0.7% year-over-year dip. However, the company has posted a positive earnings surprise in each of the last three quarters. Plus, NextEra Energy expects full-year earnings to grow 8.1% year-over-year to $8.32 per share. NEE is a Conservative buy below $250.

SOM Technicals:

6-28-19: Closed at 204.86. Trade pressures are down into the neutral zone. Volumes are bearish. The support level is 201, the uptrend stop line.

7-8-19: Closed at 208.11. Trade pressures are in the neutral zone. Volumes are bullish. The next target up is 211. 41.

7-13-19: Closed at 209.42. Trade pressures are up. Volumes are bullish. Consolidating above the 203.88 target.

7-19-19: Closed at 209.73. Trade pressures are up. Volumes are bullish. The next target up is 215.71.

7-28-19: Closed at 209.17. Trade pressures are down into the neutral zone. Volumes are bearish. Support is at 203.72.

8-3-19: Closed at 211.41. Trade pressures are in the neutral zone. Volumes are bullish. Still in the move up and at the 25×5 MA as support.

8-10-19: Closed at 216.40. Trade pressures are neutral. Volumes are bullish. At the 215.71 upside target , expect some consolidation here.

8-17-19: Closed at 217.53. Trade pressures rising in the neutral zone. Volumes are bullish. The next target up is 228.04.

8-25-19: Closed at 221.90. Trade pressures are up. Volumes are bearish. Next target up is 228.04.

8-31-19: Closed at 219.08. Trade pressures are up but turning down. Volumes are bearish. Support at 216. 25.

9-7-19: Closed at 220.14. Trade pressures are down into the neutral zone. Volumes are neutral. support is at the 215.71 prior upside target .

9-14-19: closed at 216.19. Trade pressures are down. Volumes are bearish. At the 25x5MA support line now at 219.84.

9-20-19: Closed at 225.72. Trade pressures are up. Volumes are bullish. New cup and handle with the next target up at 228.04.

9-28-19: Closed at 231.26. Trade pressures are up. Volumes are bullish. 233.27 is the next target up.

10-4-19: Closed at 233.59. Trade pressures are up. Volumes are bullish. At the 233.27 target, expect consolidation.

10-18-19: Closed at 232.48. Trade pressures are up into the neutral ,zone. Volumes are bullish. 233.27 is the next target up, very near.

10-25-19: Closed at 236.88. Trade pressures are up. Volumes are neutral. just above the 233.37 target and in consolidation.

11-2-19: Closed at 235.71. Trade pressures are down into the neutral zone. In consolidation at the 233.27 upside target.

11-919: Closed at 222.08. Trade pressures are down. volumes are bearish. The next target down is 219.74.

11-16-19: Closed at 231.42. Trade pressures are rising in the neutral zone. Volumes are bullish. rising into the 25×5 MA. Expect resistance here.

11-22-19: Closed at 233.38. Trade pressures are up. Volumes are bullish. Consolidating around the 228 target level.

11-30-19: Closed at 233.82. Trade pressures are up but declining. Volumes are neutral. Consolidating at the 228.04 target level.

12-7-19: Closed at 234.39. Trade pressures are up. Volumes are bullish. No direction just to the right.

12-12-19: Closed at 236.95. Trade pressures are up but declining. Volumes are bullish. The next long entry is 238.39.

 

Sun Communities, Inc.

Rounding out the Top 5 Stocks list again this month is Sun Communities, Inc. (SUI), our real estate investment trust (REIT) that’s focused on manufactured homes and RV communities. At the end of the third quarter, the REIT had 766 sites that produced revenue, which increased Sun Communities total portfolio occupancy to 96.7%.

During the first nine months of fiscal year 2019, Sun Communities achieved total revenue of $962.2 million, or 12.8% growth. Earnings rose to $131.7 million, or $1.50 per share, compared to 96.5 million, or $1.19, in the first nine months of 2018.

Looking ahead to the fourth quarter, Sun Communities expects earnings per share between $0.28 and $0.32, or 154.5% to 190.9% annual earnings growth. SUI is a Conservative buy below $170.

SOM Technicals:

7-28-19: Closed at 133.16. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is 132.85.

8-3-19: Closed at 134.98. Trade pressures are in the neutral zone. Volumes are bullish. Orderly price movement above the upper median line.

8-10-19: closed at 141.23. Trade pressures are rising in the neutral zone. volumes are bullish. Near the 141.88 upside target.

8-17-19: closed at 146.03. Trade pressures are up. Volumes are bullish. The next target up is 149.12.

8-25-19: Closed at 147.82. Trade pressures are up. Volumes are bullish. Touched the 150 high and pulled back with this market.

8-31-19: Closed at 147.30. Trade pressures are up. Volumes are bullish. New highs in a choppy market.

9-7-19: Closed at 149.51. Trade pressures are up. Volumes are neutral. Support is now 144.55.

9-14-19: Closed at 145.66. Trade pressures are down into the neutral zone. Volumes are bearish. Off the lows for the week and above the 25×5 MA.

9-20-19: Closed at 149.83. Trade pressures are up. Volumes are bullish. Continues to rally but resistance comes in at 152.

9-28-19: Closed at 148.28. Trade pressures are up but declining. Volumes are bearish. At the 25×5 support level.

10-4-19: Closed at 152.25. Trade pressures are down into the neutral zone. Volumes are bullish. The break thru the resistance starts a new uptrend.

10-18-19: Closed at 155.79. Trade pressures are up. Volumes are bullish. The next target up is 170.14.

10-25-19: Closed at 157.43. Trade pressures are up. Volumes are neutral. Thru the new long entry at 149.57 and the next target up is 170.14.

11-2-19: Closed at 162.71. Trade pressures are up. Volumes are bullish. The next target up is 170.14.

11-19-19: Closed at 153.80. Trade pressures are down. Volumes are bearish. Consolidating at the 25×5 MA.

11-16-19: Closed at 159.43. Trade pressures are up. Volumes are bullish. The 25×5 held support. The next target up is 170.14.

11-22-19: Closed at 158.68. Trade pressures are down into the neutral one. Volumes are bearish. Still in the uptrend. The next target up is 170.14.

11-30-19: Closed at 164.71. Trade pressures are rising in the neutral zone. Volumes are bullish.The next target up is 170.14.

12-7-19: Closed at 159.00. Trade pressures are down hard. Volumes are bearish. Still above the 25×5 MA support line.

12-12-19: Closed at 153.14. Trade pressures are down. Volumes are bearish. Dropped down thru the 25×5 MA. At the 152 downside target. Look for the trade pressure reversal.

 

Elite Dividend Payers

Apollo Global Management, Inc.

Apollo Global Management, Inc. (APO) was our newest addition to the Elite Dividend Payers Buy List, as I recommended the stock in November. If you recall, Apollo Global Management is an alternative investment management firm that handles credit, private equity and real assets for institutional investors around the world.

On October 31, Apollo Global Management reported earnings results for its third quarter in fiscal year 2019. The firm achieved earnings of $0.52 per share just shy of analysts’ forecasts for $0.57 per share. However, Apollo Global Management did note that it expects earnings per share to soar 30% year-over-year to $2.23 per share in fiscal year 2019.

The firm will also pay a quarterly dividend of $0.50 per share on November 29. All shareholders of record on November 20 will receive the dividend. The stock has a 4.7% dividend yield. APO is a Moderately Aggressive buy below $47.

SOM Technicals:

11-22-19: Closed at 42.44. Trade pressures are down. Volumes are neutral. Consolidating after the break above 40.

11-30-19: Closed at 43.80. Trade pressures are up. Volumes are bullish. The next target up is 45.68.

12-7-19: Closed at 44.65. Trade pressures are up. Volumes are bullish. Touched the upside target of 45.68: expect consolidation.

12-12-19: Closed at 44.11. Trade pressures are down. Volumes are neutral. The next short entry is at 42.00.

 

M.D.C. Holdings, Inc.

M.D.C. Holdings, Inc. (MDC) is one of the largest homebuilders in the U.S., as it constructs houses in 10 U.S. states, including Arizona, California, Colorado, Florida, Maryland, Nevada, Oregon, Utah, Virginia and Washington. The company’s subsidiaries, like Richmond American Homes, have built more than 205,000 homes across the U.S.

In the third quarter, MDC saw new home orders soar 58% year-over-year to 3.6 homes per community per month. Total third-quarter home sale revenues totaled $750.3 million, and earnings came in at $50.6 million, or $0.79 per share. For the fourth quarter, the analyst community is forecasting 21.2% annual revenue growth and 44.3% annual earnings growth.

MDC has a nice history of rewarding its shareholders, as the company has paid a quarterly dividend for more than five-consecutive years. The company will pay a dividend of $0.30 per share on November 27 to all shareholders of record on November 13. The stock has a 3.1% dividend yield. MDC is a Conservative buy below $41.

SOM Technicals:

11-22-19: Closed at 38.55. Trade pressures are up into the neutral zone. Volumes are neutral. In the down trend. 200 day support is at 35.18.

11-30-19: Closed at 39.57. Trade pressures are up. Volumes are neutral. In a downtrend but testing the 25×5 MA as resistance. A close above 40.88 would change the trend to up.

12-7-19: Closed at 39.64. Trade pressures are up. Volumes are bullish. Just breaks above the 25×5 MA. Needs to clear 40.88 to start a new uptrend.

12-12-19: Closed at 39.39.Trade pressures are down. Volumes are bearish. 37.93 starts a new move down.

 

McGrath RentCorp

With humble beginnings as a two-acre inventory center in 1979, McGrath RentCorp (MGRC) has expanded through strategic acquisitions to become a $400-million business-to-business rental company. McGrath RentCorp rents, as well as sells, modular buildings, containment tanks and boxes for liquids and solids, storage containers, and electronics test equipment.

On October 29, the company reported that third-quarter revenue jumped 21% year-over-year to $173.6 million, with rental revenues accounting for $90.9 million. Earnings increased 31% year-over-year to $32.5 million, or $1.32 per share. The consensus estimate called for earnings of $1.03 per share and revenue of $150.77 million, so MGRC posted a 28.2% earnings surprise and a 15.1% revenue surprise.

MGRC has also continued to reward its shareholders, as it’s paid a dividend for 116-straight quarters—and it’s increased its dividend by 52% in the past five years alone. Most recently, the company paid a dividend of $0.38 per share. The stock has a 2.1% dividend yield. MGRC is a Conservative buy below $78.

SOM Technicals:

11-22-19: Closed at 71.81. Trade pressures are in the neutral zone. Volumes are bearish. In the uptrend but at the 25×5 MA support at 72.00.

11-30-19: Closed at 73.84. Trade pressures are down into the neutral zone. Volumes are neutral. Holding support at the 71.69 level.

12-7-19: Closed at 76.46. trade pressures are up and extended. Volumes are bearish. In the uptrend and support at the 73.97 25×5 MA.

12-12-19: Close at 74.13. Trade pressures are down. Volumes are bearish. In the retracement move down to the 70.00 level.

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