1. Conservative Recommendation
Amazon has resumed its solid uptrend after the recent sell-off in tech stocks. It now boasts a 100% buy recommendation based on my proprietary momentum indicators.
Given the company’s market position and continued dominant market position with a 12-month price target as high as $1,300, there is plenty of upside left in the stock.
2. Aggressive Recommendation
Navigator Holdings Ltd. (NVGS)
Shares of Navigator Holdings Ltd. soared last week following the announcement late on July 12 that the company was partnering with energy giant Enterprise Products Partners (EPD) on the development of an ethylene export terminal at Enterprise’s Morgan’s Point facility on the Houston Ship Channel.
For Navigator, this is a big deal, as 14 of its vessels — nearly 40% of its fleet — are capable of shipping ethylene.
The two parties still must negotiate the terms of the partnership, and it could take a long time before the first tanker of ethylene is even shipped out of this facility. Continue to expect that Navigator Holdings’ stock will be highly volatile in the month’s ahead.
Nicholas A. Vardy