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

The Clorox Corporation

The Clorox Corporation (CLX) was a new addition to the High-Growth Investments Buy List in the June Monthly Issue. Clorox has provided disinfectants and cleaning products to individuals and businesses around the world for more than 100 years. And its products have been wildly popular during the global coronavirus pandemic, as individuals and businesses seek to disinfect and cut down on the spread of the deadly virus.

In fact, Clorox experienced a 32% jump in sales in its cleaning division in the first quarter. Total first-quarter sales jumped 15% year-over-year to $1.78 billion, and earnings soared 31% year-over-year to $1.89. Considering that stores couldn’t keep Clorox bleach, wipes and other disinfecting products on the shelves, the company’s second-quarter results will likely be even stronger.

The analyst community has steadily increased their earnings forecasts over the past three months, now expecting earnings to grow 3.2% year-over-year to $1.94 per share. That’s up from previous forecasts for earnings of $1.79 per share. Second-quarter sales are expected to increase 13.3% year-over-year to $1.84 billion. CLX is a Conservative buy below $231.

SOM Technicals:

6-26-20: Closed at 215.30. Trade pressures are up into the neutral zone. Volumes are neutral. A close below 13.00 would signal lower.

7-04-20: Closed at 222.16. Trade pressures are up. Volumes are bullish.  The next target up is 241.00.

7-10-20: Closed at 229.76. Trade pressures are up. Volumes are bullish. The next target up is 243.00.

7-18-20: Closed at 228.38. Trade pressures are down into the neutral zone. Volumes are bullish. 220.00 is nearby support.

7-24-20: Closed at 227.04. Trade pressures are rising into the neutral zone. Volumes are now neutral. In a retracement to 221.00.

 

Dexcom, Inc.

Dexcom, Inc. (DXCM) is making its third-straight appearance on the Top Stocks list this month. The reason why is simple: The company continues to have stunning forecast earnings and sales growth—and analysts have revised their earnings forecasts higher. It’s clearly the type of stock that we want to own in the current market environment.

Dexcom is in a very lucrative medical corner of the market. The company provides continuous glucose monitoring (CGM) that enables a diabetic to test their blood glucose levels without pricking their finger. Instead, the diabetic wears a sensor and transmitter that reads glucose levels and provides alerts to a smart phone if levels fall too low or soar too high.

The monitoring system has been particularly popular during the pandemic, as it allowed doctors to view and monitor a patient’s glucose levels without a physical visit. As a result, second-quarter earnings are forecast to surge 325% year-over-year and sales are expected to grow 23.4% year-over-year.

Interestingly, Dexcom has a history of posting big earnings surprises. It has achieved a 298.7% average earnings surprise in the past four quarters. And it looks like another quarterly earnings surprise may be in the offing: Analysts have upped earnings forecasts by 13.3% in the past month alone. DXCM is an Aggressive buy below $457.

SOM Technicals:

4-25-20: Closed at 332.44. Trade pressures are up but declining. Volumes are bullish. New highs next target up is 350.00.

5-2-20: Closed at 341.52. Trade pressures are down into,the neutral zone. Volumes remain bullish. The pull back could go to 304 and still be in the uptrend.

5-8-20: Closed at 405.50. Trade pressures are up. Volumes are bullish; some selling into this big rally.

5-15-20: Closed at 417.13. Trade pressures are up but declining. Volumes are neutral. support is at 381.00.

5-22-20: Closed at 405.25. Trade pressures are down. Volumes are neutral. In a retracement move down to test the 25×5 MA support at 370.

5-30-20: Closed at 378.31. Trade pressures are down but rising.  Volumes are neutral. Bounced off the 25×5 support level at 370.

6-6-20: Closed at 364.49. Trade pressures are down. Volumes are bullish. The next target down is 300.

6-12-20: Closed at 370.23. Trade pressures are down but rising. Volumes are bullish. In the down trend, the next target down is 310.00.

6-20-20: Closed at 409.36. Trade pressures are up. Volumes are bullish. In a new up trend. the next target up is 454.00.

6-26-20: Closed at 383.06. Trade pressures are down hard. Volumes are bearish. A close below 374.00 would start anew downtrend.

7-4-20: Closed at 407.35. Trade pressures are up. Volumes are bullish. The next target up is 428.59.

7-10-20: Closed at 439.64. Trade pressures are up. Volumes are bullish. The next target up is 459.00. 

7-18-20: Closed at 424.43. Trade pressures are up. Volumes are neutral. The next target up is the prior high at 446.50.

7-24-20: Closed at 422.00. Trade pressures are down. Volumes are bullish. The next target down is 389.00.

 

DocuSign, Inc.

DocuSign, Inc. (DOCU) was also added to the High-Growth Investments Buy List in June ahead of the company’s first-quarter earnings report. You may recall that DocuSign developed a cloud-based platform that enables companies to create, upload and send agreements to all stakeholders for electronic signatures. The company has more than 500,000 customers and millions of users in more than 180 countries.

Considering the company’s first-quarter results, DocuSign’s services were in hot demand during the global pandemic. First-quarter revenue soared 39% year-over-year to $297 million, exceeding forecasts for $281.12 million. First-quarter earnings per share soared 71.4% year-over-year to $0.12, which topped analysts’ forecasts for $0.10 per share by 20%.

And the outlook going forward is even more impressive. For the second quarter, the analyst community expects earnings per share to surge 700% year-over-year to $0.08 per share. That’s up from $0.01 per share in the same quarter a year ago. Second-quarter revenue is forecast to come in around $318.48 million, which is the middle of DocuSign’s expected range of $316 million to $320 million. DOCU is a Moderately Aggressive buy below $198.

SOM Technicals:

6-26-20: Closed at 177.58. Trade pressures are up. Volumes are bullish. This spike up is not likel;y 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.

 

NVIDIA Corporation

As we discussed in the June 24 Special Market Podcast, the NASDAQ 100 is driving a lot of stocks higher right now. One of the quality stocks in the NASDAQ 100 is our own NVIDIA Corporation (NVDA). The company is a leading computer graphics company, and is most well-known for inventing graphic processing units (GPUs).

NVIDIA has been at the forefront of autonomous vehicles, and this week, the company revealed that it is partnering with Mercedes. The two companies inked an agreement to develop an automated driving system, which NVIDIA expects to be available in 2024. The new automated driving system will then be placed in Mercedes-Benz’s next-generation vehicles.

Even before this deal was signed, NVIDIA’s fundamentals were exceptional. But look for its autonomous driving system to add to the company’s top and bottom lines in the future.

For the second quarter, the consensus estimate calls for earnings of $1.97 per share, or 58.9% annual earnings growth. Analysts have upped earnings forecasts by 10% in the past month, so a fifth-straight quarterly earnings surprise is likely. Sales are expected to come in at $3.65 billion. NVDA is a Conservative buy below $396.

SOM Technicals:

5-22-20: Closed at 361.05. Trade pressures are up.  Volumes are bullish. The next target up is 364.40.

5-30-20: Closed at 353.67. Trade pressures are rising in to the neutral zone. Volumes are bearish. 333 is a support level.

6-6-20: Closed at 356.80. Trade pressure are up. Volumes are bullish. The next target up is 364.

6-12-20: Closed at 357.30. Trade pressures are down. Volumes are neutral. The next target down is 332.00.

6-20-20: Closed at 370.45. Trade pressures are up. volumes are bullish. At the 364 target: consolidating.

6-26-20: Closed at 366.20. Trade pressures are down. Volumes are bearish. A close below 351.00 would signal lower.

7-4-20: Closed at 384.59. Trade pressures are up. Volumes are bullish. The next target up is 406.07.

7-10-20: Closed at 419.17. Trade pressures are up. Volumes are bearish. a close blow 396 would signal lower.

7-18-20: Closed at 408.10. Trade pressures are down. Volumes are bullish. The next target down is 363.00.

7-24-20: Closed at 407.00. Trade pressures are down. Volumes are bullish. The next target down is 363.00.

 

Vipshop Holdings, Ltd.

Vipshop Holdings, Ltd. (VIPS) has been on a bit of a tear since we added it to the High-Growth Investments Buy List in late March. The stock is up 38% for us so far. The reality is that Vipshop Holdings profited from an increase in e-commerce sales during the coronavirus pandemic, and it remains well-positioned as many Chinese consumers continue to shop online.

Based in Guangzhou, China, Vipshop Holdings offers brand-name goods at discount prices online. The company has been a pioneer in the ecommerce market in China, and it attracted 29.6 million active customers during its first quarter in fiscal year 2020.

The company noted that first-quarter orders increased 4% year-over-year to 121.7 million. Total revenue came in at $2.7 billion, while earnings jumped 20.8% year-over-year. Adjusted earnings per ADS came in at $0.20, which walloped estimates for $0.11 per share by 81.8%. The company has posted a positive earnings surprise in each of the last four quarters—and if history repeats, the second quarter will be another strong one for the company. VIPS is a Moderately Aggressive buy below $22.

SOM Technicals:

4-25-20: Closed at 16.09. Trade pressures are down. Volumes are bearish. Support at the 25×5 MA at 16.00.

5-2-20: Closed at 15.20. Trade pressures are down. Volumes are bearish. In a new move down. The next target down is 11.53.

5-8-20. Closed at 17.18. Trade pressures are down but rising. Volumes are bullish. Ripped higher at the close. Need a close above 17.25 to change the trend.

5-15-20: Closed at 16.85. Trade pressures are down, but rising. Volumes are bullish. The next target up is 18.95.

5-22-20: Closed at 14.38. Trade pressures are down. Volumes are bearish. Hit 16 and turned lower. A close below 14.16 would signal lower.

5-30-20: Closed at 17.34. Trade pressures are up. Volumes are bullish. Resistance at 18.00.

6-6-20: Closed at 17.97. Trade pressures are up and extended. Volumes are bullish. Support is the 25×5 MA at 16.35.

6-12-20: Closed at 17.72. Trade pressures are yup into the neutral zone. Volumes are bullish. In consolidation between 14 and 18. 200 day MA support at 13.50.

6-20-20: Closed at 21.10. Trade pressures are up. Volumes are bullish. At the 20.20 target level: expect consolidation.

6-26-20: Closed at 19.62. Trade pressures are down. Volumes are bearish. In a retracement down. The next target down is 18.51.

7-4-20: Closed at 20.48. Trade pressures are up. Volumes are now neutral. The next target up is 22.89.

7-10-20: Closed at 21.85. Trade pressures are up but reversing. Volumes are bullish. A close below 21.68 would signal lower.

7-18-20: Closed at 21.63. Trade pressures are down but rising. Volumes are bearish. The next target down is 19.68.

7-24-20: Closed at 20.55. Trade pressures are down. Volumes are bearish. The next target down is 18.20.