Ticker Tape Digest

Friday - June 3, 2022

By Leo Fasciocco -- TTD

   Ticker Tape Digest presents its daily stock market report containing stocks to go long as Breakout Trades, Quick Trades, or Bargain Accumulation Trades.

  We also feature stocks under Significant Accumulation that are poised to breakout.

   The TTD report also contains stocks to short as  breakdown plays and as bargain (swing trade) shorts.

  Investors should  tend to try to go with a strategy that fits with the stock market's trend, unless there is a special situation play.

  TTD's Breakout Stocks - Long are most suitable for aggressive investors seeking ideal entry points into leading stocks, especially during bull markets. They can do extremely well in bull markets with gains of as much as several hundred percent.

 These stocks can also do extremely well during strong market rallies, or if they are in a industry group that is performing very well. They tend to have strong earnings outlooks and are near new-52 week, or all-time highs.

  TTD Swing - Quick Trade Stocks - Long These are leading issues that have pulled back in recent days, but could move higher soon. They are most suitable for Aggressive Investors willing to trade short term. These stocks will do extremely well during market advances. They have about 74% win rate. During market rally sequences the win rate is even higher. The return is small 3% to 8% in just a few days.

   TTD also presents Stocks To Sell or Sell Short. These issues are suitable for aggressive investors willing to take short positions both as trades or for longer-term plays. These stocks will do very well during bear markets or market pull backs.

  TTD's Bearish breakdown stocks to sell short. These issues have potential to fall sharply. They often show a technical breakdown and also some fundamental business problem such as weak earnings.  

 TTD's multi-media updates include a slide-show that presents charts and analysis at midsession. Some times TTD presents feature analysis on stocks and the market. TTD uses Windows Media Files. (WMV).

 TTD also presents a "Breakout Watch List" that is up dated daily. This list consists of key stocks in position to breakout. A close watch of this list can put you in the stock just as it breaks out. A good idea is to study the list and be ready to move into a stock quickly as it hits its breakpoint.

TTD often suggests using stop buy orders to enter. It is very important to buy a breakout stock as close as possible to the breakpoint. The idea is to get "elbow room" if the stock should follow through to the upside. This is very important in being successful in making big money with breakout stocks.

It is also essential to have a stop loss strategy for all stocks in which positions are taken. Not every stock will work as expected. It is important for investors to "police" their portfolios and avoid getting trapped in any bad positions.

 Quality rating of breakout  Two key factors: 1 - Stock near all-time high in price or near a 52-week high. 2 - earnings growth current year is strong. The ideal play is a stock with an Above Average Quality Rating. The stock is near a new high and will have strong earnings. TTD's other ratings are Average and Below Average.

   TTD also has  special feature sections on  Educational Tips on Investing.

   To email Mr. Leo Fasciocco  leo@tickertapedigest.com.   

   For service, email Beverly Owen owen@tickertapedigest.com. TTD’s Tel: 1-480-878-8381 or 480-704-3331.

Friday - June 3, 2021

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakout Stocks - 2

Quality of Breakouts - Average.

Stocks Screened -  6,500

Bull side -  Small list of breakouts and very selective.

Stock market - Major averages bullish daily. However, weekly and monthly Bearish

Comment - Stock market trying to rally in a bear market. However, it now looks vulnerable to more on the downside. Bulls be careful.

See Latest Earnings Reports -  A company that tops the Street's highest earnings estimate has potential to go higher. Today's key earnings beats: None.

Stock Market Momentum

(Daily is based on a moving average)

Ticker Tape Digest's

Timely Breakout Stocks From Tape Action

(The “breakout List” gives all stocks breaking out of a base of five weeks or more. These stocks have a good chance to trend higher. However, a stop should be used to avoid those that do not work.

They are ranked according to percentage change and classified as leaders or other.

(Trading strategy: One should buy breakout stocks near breakpoint by using market order or stop buy.  They can also be bought soon after a follow through move, sometimes on an intraday pullback.

Friday Breakouts 

TTD's Feature Breakout Stock

Sanmina Corp. (SANM) - 44.71, up 0.76, Breakpoint 44.20

Net to Rise 14% For Fiscal 2022, TTD Targets 52

   SANM, based in San Jose, Ca., makes components and products for the makes of medical and aerospace products. TTD sees potential for more on the upside.

 So far today, SANM is trading 408,454 shares. Its average daily volume is 533,000 shares.

  SANM's stock is in a six-week, cup-and-handle base.

  SANM's stock moved higher in the morning from $43.50  to an intraday peak at $44.99 in the afternoon.

  The stock then pulled back slightly and trended sideways into the final bell.

   Tape Action

  SANM's tape action shows the recent block trades.

  One can see the price for the blocks rising from $43.56 in the morning to as high as $44.71 near the close. 

  A key bullish trade came around noon when a block of 1,500 shares crossed the tape at $43.85.

 That was up from the prior block at $43.65 on 1,600 shares.

  Near the close a big block of 44,186 shares crossed at $44.71.

  That was up from the prior block at $44.68 on 1,100 shares.

  That was very bullish.

   Business 

 SANM provides manufacturing solutions,and components for repair and after-market services.

The company provides the products to original equipment makers that serve the industrial, medical, defense and aerospace, auto, communications networks and cloud industries.

  Its products include memory, enterprise solution, radio frequency, optical and microelectronics, defense and aerospace products and cloud-based manufacturing execution software.  

Charts

  SANM's 12-month performance chart shows the stock up 6% versus a loss of 2% for the stock market.

  Insiders were recent buyers using stock options at 11.58 to $8.70

  They were sellers at $43.33 to 39.11 a share.

  SANM's long-term chart shows the stock declining from $41 in 2017 to $18.34 by early 2020.

  Since then SANM has rallied to $44.71 .

 SANM's daily chart shows the stock working higher from $36 in January to $44 by May.

  The stock formed a flat base.

  SANM now breaks out with a modest pick up in volume.

 The stock's CCI  momentum indicator is bullish..

  Earnings Outlook

  This fiscal year ending in September, the Street  predicts a 14% rise in net to $4.51 a share from the $3.97 the year before.

  For 2023, analysts project a 2% increase in net to $4.59 a share from the anticipated $4.51 this year.

 For the fiscal third quarter ending in June, analysts expect a 16% jump in net to $1.15 a share from the 99 cents the year before.  

Strategy Opinion: TTD is targeting SANM for a move to $52 within the next few months, or sooner.

 A protective stop can be placed near $41.

Intermediate-Term Rating: Average.

Suitability:  Conservative Bulls.

TTD's special research of Stocks Prior Performance: 

                  Stock's Prior Performance After a Breakout