Navellier Top Stocks for January

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

Arch Capital Group Ltd.

Arch Capital Group Ltd. (ACGL) has earned a spot on the Top 5 Stocks list for three-straight months, thanks to its superior fundamentals. The Bermuda-based company is a leading provider of property, casualty and mortgage insurance and reinsurance products in Australia, Europe and North America. And its business has been booming.

In the third quarter, Arch Capital Group achieved earnings of $261 million, or $0.63 per share, up from $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 posted a 1.6% earnings surprise. And I should add that the company has topped analysts’ earnings forecasts in each of the last four quarters.

Looking forward to the fourth quarter, the analyst community expects earnings of $0.68 per share and revenue of $1.28 billion. That translates to 9.7% annual revenue growth and 47.8% annual earnings growth. ACGL is a Conservative buy below $46.

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.

12-21-19: Closed at 42.67. Trade pressures are up but extended. Volumes are bullish. The weekly has turned up.

1-4-20: Closed at 43.35. Trade pressures are up. Volumes are bullish. The next target up is 44. 38. 

1-18-20: Closed at 45.17. Trade pressures are up. Volumes are bullish. In the new move up from the 44.38 level.

1-25-20: Closed at 44.99. Trade pressures are up but declining. Volumes are bullish. Support is at 43.49.

 

Copart, Inc.

Copart, Inc. (CPRT) has been one of the top performers on the High-Growth Investments Buy List in 2019, as the stock has rallied 90% year-to-date. Clearly, institutional buying pressure has remained strong all year, and we can chalk that up to solid earnings and sales growth, as well as positive analysts’ earnings revisions.

You may recall that Copart is a global leader in online vehicle auctions, as more than 150,000 vehicles are up for auction per day. The company also has more than 200 locations in 11 countries. And for the company’s fiscal year 2019, Copart achieved revenue of $2 billion, or 13.1% annual revenue growth.

For the first quarter of fiscal year 2020, which was reported in late November, Copart reported 20.2% annual revenue growth and 93.6% annual earnings growth. Adjusted earnings of $0.65 per share topped expectations for $0.59 per share by 10.2%. For the second quarter, analysts have upped earnings forecasts over the past month and are now looking for 26.9% annual earnings growth. CPRT is a Conservative buy below $97.

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.

12-21-19: Closed at 90.72. Trade pressures are down into the neutral zone. Volumes are bullish. the next target up is 94.81.

1-4-20: Closed at 92.66. Trade pressures are up. Volumes are bullish. The next target up is 94.81.

1-18-20: Closed at 97.12. Trade pressures are up but turning down. Volumes are bullish. Consolidating at the 84.81 target.

1-25-20: Closed at 100.29. Trade pressures are up. Volumes are bullish. The next target up is 108.17.

 

NextEra Energy, Inc.

NextEra Energy, Inc. (NEE) is one of our High-Growth Investments that offers a blend of growth and income. As the largest utility company in the world, NextEra Energy focuses primarily on renewable energy projects, including wind, natural gas, nuclear, solar and batter energy storage.

Recently, NextEra Energy announced that one of its subsidiaries had started to build a 100-megawatt solar project in Arkansas. The Chicot Solar Energy Center is expected to provide enough clean electricity to power 18,000 houses. This recent project is just one example of the company’s efforts to add 3,800 to 7,300 megawatts of solar power to its current portfolio between 2019 and 2022.

In the third quarter, adjusted earnings increased 12% year-over-year to $2.39 per share, topping the consensus estimate for $2.29 per share. The company also expects full-year earnings to grow 8.1% year-over-year to $8.32 per share. And thanks to its consistent earnings growth, NextEra Energy has paid a dividend for 139-consecutive quarters. The stock has a 2.1% dividend yield. NEE is a Conservative buy below $261.

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.

12-21-19: Closed at 242.71. Trade pressures are up. Volumes are bullish. In the new move up. The next target up is 267.08.

1-4-20: Closed at 240.32. Trade pressures are down. Volumes are bearish. In a retracement move down to the 233 target.

1-18-20: Closed at 253.34. Trade pressures are up and extended. Volumes are bullish. The next target up is 267.08.

1-25-20: Closed at 263.70. Trade pressures are up and trending. Volumes are bullish. The next target up is 267.08.

 

S&P Global, Inc.

S&P Global, Inc. (SPGI) provides intelligence, including data and analytics, to help businesses around the world make more informed decisions. The company operates several divisions: S&P Market Intelligence, S&P Global Ratings, S&P Dow Jones Indices and S&P Global Platts.

In the third quarter, S&P Global noted that revenue increased in all four of its businesses, which brought its total revenue to $1.69 billion, or 9% annual revenue growth. The company also reported adjusted earnings of $606 million, or $2.46 per share. Analysts were expecting earnings of $2.34 per share, so SPGI posted a 5.1% earnings surprise.

S&P Global also has a long history of rewarding its shareholders: It’s paid a dividend for 159-straight quarters, or nearly 40 years. Most recently, the company paid a quarterly dividend of $0.57 per share on December 11. All shareholders of record on November 26 should have received the dividend. The stock has a 0.8% dividend yield. SPGI is a Conservative buy below $291.

SOM Technicals:

12-21-19: Closed at 271.66. Trade pressures are rising into the neutral zone. Volumes are bearish. The next target up is 284.50.

1-4-20: Closed at 276.91. Trade pressures are up. Volumes are bullish. The next target up is 296.

1-18-20: Closed at 296.79. Trade pressures are up. Volumes are bullish. The next target up is 303.26.

1-25-20: Closed at 294.83. Trade pressures are up but declining. Volumes are neutral. 25×5 support is at 283.52.

 

Sun Communities

Sun Communities (SUI) is our real estate investment trust (REIT) that’s focused on manufactured homes and RV communities in North America. The REIT owns and/or operates 389 communities in the U.S. and Canada, and its portfolio includes more than 134,000 developed sites. And Sun Communities has received the “Community Operator of the Year” award twice from the Manufactured Housing Institute.

For the fourth quarter, Sun Communities is expected to report earnings of $0.25 per share and revenue of $242 million. That represents 30.8% annual revenue growth and 127.3% annual earnings growth.

As a REIT, Sun Communities is also required to distribute at least 90% of its taxable income to shareholders in the form of dividends. As a result, SUI has paid a dividend for 104-consecutive quarters. The REIT will pay a quarterly dividend of $0.75 per share on January 15, 2020. All shareholders of record on December 31 will receive the dividend. The stock has a 2.0% dividend yield. SUI is a Conservative buy below $160.

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.

12-21-19: Closed at 149.55. Trade pressures are down and trending. Volumes are neutral. 138.49 is the 200 day MA support.

1-4-20: Closed at 149.52. Trade pressures are down but rising. Volumes are neutral. Still under the 25×5 MA with the 200 day MA at 139.76.

1-18-20: Closed at 154.95. Trade pressures are up. Volumes are bullish but on lower volumes.

1-25-20: Closed at 158.01. Trade pressures are up. Volumes are neutral. The next target up is 164.69