Ticker Tape Digest

Monday - June 27, 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.

Monday - June 27, 2021

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakout Stocks - 1

Quality of Breakouts - Average.

Stocks Screened -  6,500

Bull side - Only one breakout Monday as stock market declines modestly.

Stock market - Market rallying within a bear market. Bulls need to be selective and watchful.

Comment - Breakout list small. Coming to the end of the second quarter. There may be some portfolio window dressing.

See Latest Earnings Reports -  A company that tops the Street's highest earnings estimate has potential to go higher. Today's key earnings beats with a stock on the move higher: DLNG, NKE and CNXC

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.

Monday  Breakouts

TTD's Featured Breakout Stock

Chefs Warehouse Inc. (CHEF) - 40.58, up 1.68, Breakpoint 39.09

TTD Targets 48, Net To Rise Sharply This Year

  CHEF, based in Ridgefield, Ct., sells specialty foods in the U.S. and Canada such as pastry, cheese and dairy products. Annual revenues: $1.7 billion. CHEF's stock moves higher Monday and breaks out from its 10-week, flat base.   

  CHEF is trading a heavy 887,712 shares, more than double its average daily volume of 298,000 shares.

  TTD sees chances for more on the upside.

  CHEF's stock moved higher in the morning and cleared its breakpoint line.

  The stock reached a peak at $41.04 late in the day.

It then backed off slightly.

In after hours trading CHEF was up 27 cents a share.

 Tape Action

  CHEF's tape action shows the recent block trades.

 One can see the prices for the blocks rising from $38.90 in prior session to as high as $40.81 late in the day.

  A key bullish trade came in the morning when a block of 6,442 shares crossed the tape at $39.29

  That was up from the prior block at $38.90 on 219,819 shares in the prior session. .

  Near the close a big block of 56,244 shares crossed at $40.58.

 That was down from the prior block at $40.81 on 13,600 shares.

  Business 

 CHEF is a distributor of specialty foods in the U.S. and Canada.

 The company sells  pastry, cheese and Charcuterie, dairy and eggs, oils and vinegars and kitchen supplies.

 CHEF operates through the foodservice distribution segment, which is concentrated  in the U.S.

The Company’s customer base consists primarily of menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, cruise lines and  casinos.

Charts

  CHEF's 12-month performance chart shows the stock up 30% versus an 8% loss for the stock market.

  Insider have not done any recent buying.

 They were sellers at $35 to $39 a share. .

 CHEF's long-term chart shows the stock climbing from $12 back in 2017 to a peak at $42 by 2019.

 The stock fell back to $3.55 in 2020 when the stock slumped.  However, CHEF has since rallied to $40.58. .

 CHEF's daily chart shows the stock climbing from $27.50 in March to a peak at $39 by May.

  The stock pulled back and now rallies strongly the past few session to breakout from its flat base.

 The  CCI  momentum indicator is strongly bullish.

  Earnings Outlook

  This year, analysts project a profit of $1.22 a share compared with a loss of 6 cents a share the prior year.

 Going out to 2023, the Street predicts a 21% rise in net to $1.47 a share from the anticipated $1.22 this year.

 Quarterly earnings will be strong.

 Net for the second  quarter should jump 775% to  36 cents a share from the four cents  the year before.

 The company beat the Street estimate the past four quarters by 7 cents a share, 8 cents, 11 cents and 39 cents.

 For the third quarter, the Street predicts a 150% leap in net to $30 cents  a share from the 12 cents the year before.

Strategy Opinion: TTD is targeting CHEF for a move to $48 within the next few months, or sooner.

 A protective stop can be placed near $37..

Intermediate-Term Rating: Average.

Suitability:   Aggressive Bulls.

TTD's special research of Stocks Prior Performance: