Daily - Go to TTD's Chart scroller of Breakout Stocks - Monday - August 1, 2022 |
(WMV video player download for Google) https://videoconverter.iskysoft.com/play-video/wmv-player-for-chrome.html Go to Video Show - "How to Make Money With Breakout Stocks |
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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.
Ticker Tape Digest's Daily schedule guide for TTD subscribers 1. Pre-market - check Breakout Watch List and Quick Trades. 2. Morning - (11:30 - 12 A.M.) - check breakout stocks tape and breakout chart slide show. 3. Midday (1 P.M.) check TTD Midsession Report and see market video show. 4. After close (4 P.M.) check final TTD Report for day. Trading Strategies Bullish Aggressive Investors Bullish - "Breakout Stocks" - ideally suited for bull markets and special situation stocks. Potential for large returns. (See Performance) Aggressive Investor Bullish- "Quick Trade Stocks" -ideally suited for entry into top performing issues looking for a small quick profit." (See Performance) Conservative Investors "Bargain Buy Trades for the Long Term." Ideally suited for entry into top performing big cap stocks on pullbacks within overall up trend.(See Performance) Bearish Aggressive Bearish Investors - "Breakdown Stocks" to Sell Short. Ideally suited for bear markets or market pull backs. Potential for large returns (See Performance) |
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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 - August 1, 2021
TTD's Breakout Stocks
Stock Market Overview
Total Buy Breakout Stocks - 4
Quality of Breakouts - Average
Stocks Screened - 6,500
Bull side - Small list of breakouts and very selective.
Stock market - Major averages are bullish daily and weekly. However, they remain bearish monthly.
Comment - Market in a rally phase within an overall bear market. Key now will be earnings reports as they pour in the next few weeks.
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: EVOP, BLDR, HSBC, PKI and ARLP.
Stock Market Momentum
(Daily is based on a moving average)
Market (Daily) |
Market (Weekly) |
Market (Monthly) |
Dow - Bullish |
Dow - Bullish |
Dow - Bearish |
Nasdaq - Bullish |
Nasdaq - Bullish |
Nasdaq - Bearish |
S&P 500 - Bullish |
S&P 500 - Bulli |
S&P 500 - Bearish |
TTD's Quality Rating of Stock - SWIR - Above Average |
SWIR, based in Richmond, B.C. provides products for connectivty for cloud platform, gateways and embedded cellular modules. Annual revenues: $473 million.
SWIR drives higher Monday and breaks out from its 10-week flat base.
So far today, SWIR is trading a heavy 5.7 million shares, four times its average daily volume of 1.2 million shares.
TTD sees potential for more on the upside even though the stock is a bit extended.
The company will be reporting earnings soon.
SWIR's stock surged higher in the morning to $30.50.
The stock then trended mostly sideways the rest of the day.
In after-hours trading, SWIR was up 5 cents a share.
Tape Action
SWIR's tape action shows the recent block trades.
One can see the price for the blocks rising from $24.88 in the prior session to as high as $30.07 around noon. .
A key bullish trade came in the morning when a block of 16,831 shares crossed the tape at $28.50.
That was up from the prior block at $24.88 on 14,498 shares.
Near the close a block of 34,566 shares crossed at $29.70..
That was up from the prior block at $29.47 on 12,000 shares.
Business
SWIR provides solutions for the Internet comprised of its recurring connectivity services, cloud platform, gateways and embedded cellular modules.
The company operates through two segments: IoT Solutions and Enterprise Solutions.
The IoT Solutions segment includes its cellular wireless IoT module solutions, IoT connectivity services, embedded broadband solutions, and Octave edge-to-cloud solution.
The Enterprise Solutions includes its range of Sierra Wireless AirLink routers, IoT gateways, IoT applications and advanced network management and mobility applications.
Charts
SWIR's 12-month performance chart shows the stock up 57% versus a loss of 8% for the stock market.
Insider activity was not available.
SWIR's long-term chart shows the stock rising from $13 back in 2016 to a peak at $31.95 by 2017.
However, the stock fell back to $4.31 in early 2020 when the stock market fell.
SWIR, however, surged back to $22 by early 2021. The stock then worked to $26, pulled back and now blows out. .
SWIR's daily chart shows the stock rising from $15 in April to a peak near $25 by June.
The stock pulled back and formed a cup-and-handle base.
It broke out in July, but faded back. It now clears its base.
Earnings will be reported soon - August 11.
SWIR's CCI momentum indicator is bullish.
Earnings Outlook
This year, the Street projects a profit of 86 cents a share compared with a loss of 82 cents the prior year.
For 2023, analysts project a 28% increase in net to $1.10 a share from the anticipated 86 cents this year.
For the fiscal second quarter, analysts predict a profit of 21 cents a share versus a loss of 3 cents the year before.
The highest estimate on the Street is at 24 cents a share.
The company beat the Street estimate the past four quarters by 20 cents a share, 15 cents, 17 cents and 12 cents.
Then in the third quarter net should rise to 20 cents a share versus a loss of 56 cents the year before.
Strategy Opinion: TTD is targeting SWIR for a move to $35.
A protective stop can be placed near $26.
Intermediate-Term Rating: Average.
Suitability: Aggressive Bulls.
TTD's special research of Stocks Prior Performance:
Breakout Success |
Bullish |
SWIR scored some big gains off recent breakouts. |
Response to Net |
Bearish |
SWIR rose 7 times after 15 earnings reports. |
Seasonal Success |
Bearish |
SWIR avg gain 1% in August, loss 2.4% in Sept.. |
Earnings Beats |
Bullish |
SWIR beat net estimates 14 times after 20 reports. |
Stock's Prior Performance After a Breakout
Stock's % Change from Breakout to peak - prior to cut below 50-day M/A. |
Date of Breakout |
Break point Price |
Stocks Price Peak after Breakout - prior to cut below 50-day M/A |
Date Trade Closed |
24% |
5/9/2022 | 20.62 | 29.70 | Still in play |
39% |
1/4/2021 | 16.94 | 21.50 | 1/18/2021 |
(In actual trading, entry and exit points could vary depending on broker execution.
Also, ideal are breakouts to a new 52-week high or better, perhaps all-time highs. Sell point can be a cut below the 50-day M/A.)
TTD's Feature Breakout Stock
Long- Term Chart |
Stock's Price Performance after Reporting Earnings |
12 - month Performance Chart vs. S&P 500 |
TTD's Breakout Stock
Universal Logistics Holdings Inc. (ULH) - 34.06 Net to Surge 41% This Year |
Euronav (EURN) - 14.32 Net to Rise Sharply this year, 392% in 2023 |
McKesson Corp. (MCK) - 342.42 Net to Fall 2% for Fiscal 2023 (March), Rise 9% in 2024 |
TTD's Feature Stock Under Accumulation
TTD's Quality Rating of Stock - MYE - Average |
MYE, based in Akron, Ohio, products bulk shipping containers and storage products. Annual revenues: $761 million. MYE's stock moves higher Monday and now is in position to breakout from its 10-week, cup-and-handle base.
So far today, MYE is trading 215,639 shares, double its average daily volume of 93,100 shares.
TTD suggests accumulation in anticipation of a breakout.
MYE's stock moves higher in the morning and reached an intraday peak at $25.08 around midday.
The stock then pulled back to around $24.70 and trended sideways.
In after-hours trading, MYE was unchanged.
Tape Action
MYE's tape action shows the recent block trades.
One can see the prices for MYE's blocks rising from $24.10 in the morning to as high as $24.in the afternoon.
A key bullish trade came in the morning when a block of 900 shares crossed the tape at $24.83.
That was up from the prior block at $24.10 on 1,946 shares..
Near the close a big block of 91,431 shares crossed at $24.62.
That was down from the prior trade in the sequence at $24.67 on 100 shares.
Business
MYE makes material handling and distribution products. It makes durable plastic reusable containers that are used repeatedly.
The firm's products include pallets, small parts bins, bulk shipping containers, storage, consumer fuel containers and tanks for water, fuel and waste handling.
It also sells tools, equipment and supplies used for tire and wheel needs.
Charts
MYE's 12-month performance chart shows the stock up 16% versus a 5% loss for the stock market.
Insider were buyers in the open market at $18.91 to $20.79 a share.
They have not done any recent selling.
MYE's long term-chart shows the stock climbing from $11.35 late in 2016 to a peak at $25.70 by 2018.
However, the stock eventually fell to $6.91 in early 2020 when the stock fell.
The stock has since worked higher to $24.62..
MYE's daily chart shows the stock rising from $16 in March to a peak at $25.50 by June.
The stock then pulled back and formed a cup-and-handle base.
It is now in position to breakout at any time.
Earnings are due soon.
The CCI momentum indicator is solidly bullish.
Earnings Outlook
This year, analysts predict a 67% surge in net to $1.62 a share from the 97 cents the year before.
Going out to 2023, the Street sees a 17% rise in net to $1.90 a share from the anticipated $1.62 this year..
Net for the second quarter should leap 38% to 40 cents a share from the 29 cents the year before.
The company beat the Street estimate the prior quarter by 22 cents a share, or by 79%.
For the third quarter, the Street predicts an 57% jump in net to 36 cents a share from the 23 cents the year before.
Strategy Opinion: TTD suggests accumulation in MYE in anticipation of a breakout over $25.70.
TTD is targeting MYE for a move to $318 within the next few months after a breakout. A protective stop can be placed near $23.50 after a breakout.
Intermediate-Term Rating: Average.
Suitability: Average Bulls.
TTD's special research of Stocks Prior Performance:
Breakout Success |
Bullish |
MYE scored good gains off recent breakouts. |
Response to Net |
Bearish |
MYE rose 6 times after 15 earnings reports. |
Earnings Beats |
Bullish |
MYE beat net estimates 12 times after 20 reports. |
Seasonal Success |
Bearish |
MYE avg. gain 3.7% in Aug., loss 4.1% in Sept. |
Stock's Prior Performance After a Breakout
Stock's % Change from Breakout to peak - prior to cut below 50-day M/A. |
Date of Breakout |
Break point Price |
Stocks Price Peak after Breakout - prior to cut below 50-day M/A |
Date Trade Closed |
47% |
10/26/2020 |
15.08 | 22.14 | 2/22/2021 |
15% |
4/3/2017 |
16.45 | 18.90 | 6/5/2017 |
(In actual trading, entry and exit points could vary depending on broker execution.
Also, ideal are breakouts to a new 52-week high or better, perhaps all-time highs. Sell point can be a cut below the 50-day M/A.)
Stock's Long-term Chart |
Stock's Price Performance after Reporting Earnings |
Stock Performance Chart with Earnings Markers vs. S&P 500 Insider Buying in Green - Insider Selling in Red |
TTD's Key Stocks Under Accumulation
Pepsico Inc. (PEP) - 176.95 Set a Stop Buy at 177.70 to Catch the Breakout Net to Rise 6% This Year |
Howmet Aerospace Inc. (HWM) - 37.35 Set a Stop Buy at 37.90 to Catch the Breakout Net to Surge 40% This year |
Ticker Tape Digest’s
Ticker Tape Digest’s Daily List of “Stocks To Sell or Sell Short” ranks stocks well timed to be sold immediately based on daily trading. The list can be used as an alert to reduce current long-term positions.
Shorts from tape action -
Stocks Screened - 6,500
Long-Term Environment for Bears:
Bear Side -
TTD's Quality Rating of Stock - CNA - Below Average |
CNA, based in Chicago, provides insurance services. Annual revenues: $13.3 billion. CNA's stock gaps lower and breaks below key technical support with big volume.
TTD sees more on the downside.
So far today CNA is trading a heavy 715,981 shares, six times its average daily volume of 121,000 shares.
CNA;s drop was triggered by disappointing earnings.
CNA reported net for the second quarter of 75 cents share versus $1.35 the prior year.
CNA's stock fell in the morning and undercut key technical support.
The stock worked to an intraday low of $41.86 in the afternoon.
CNA then lifted late in the day to cut its loss.
CNA was up one cent a share in after hours action.
Tape Action
CNA's tape action shows the recent block trades.
One can see the price for the blocks falling from $42.42 in the prior session $39.87 late on Monday.
A key bearish trade came in the morning when a block of 4,746 shares (duplicated) crossed the tape at $41.37.
That was down sharply from the prior block at $42.42 on 53,215 shares in the prior session.
Business
CNA provides insurance services. The company’s segments include: Specialty, commercial,international, life and Corporate.
The specialty provides management and professional liability and other coverages through property and casualty products and services using a network of brokers and independent agencies.
The commercial segment works with a network of brokers and independent agents to market property and casualty insurance.
Charts
CNA's daily chart shows the stock declining from $50 in April to around $41 by June.l.
The stock tried to put down a bottom but now falls sharply with big volume.
That is very bearish.
The trigger disappoint earnings.
The CCI momentum indicator is very bearish.
Earnings:
This year, analysts expect a 1% drop in net to $4 a share from the $4.06 the prior year.
For the third quarter, the Street sees a 9% increase in net to 95 cents a share from 87 cents the year before.
Going out to 2023, the Street predicts an 11% rise in net to $4.43 a share from the anticipated $4 this year.
Strategy Opinion: TTD is targeting CNA for a decline to $35 within the next few months or sooner.
A protective stop buy can be placed near $43.50.
Suitability: Aggressive Bears.
TTD's Stock Probability research of Prior Performance:
Response to Net |
Bullish |
CNA rose 8 times after 15 earnings reports. |
Seasonal Success |
Bearish |
CNA avg. loss 1.8% in Aug., loss 1.5% in Sept.. |
Stock's Performance Chart with Quarterly Earnings Markers vs. S&P 500
Insider Buying in Green - Insider Selling in Red
Guide: Symbol=Ticker, Name=Corporate name, Entry is the buy price to enter on the breakout, Last=prior close, Change=change from last close to prior, Date=date of price of close etc, Gain in blue is price above breakpoint (entry), Gain in red is price below breakpoint (entry)., % Gain in blue is % over breakpoint (entry), Gain in red is % below breakpoint (entry)
Copyright --- Ticker Tape Digest - 2022
TTD columnist Leo Fasciocco has covered the stock market for over 30 years. His articles appear in many publications. He has also been a speaker at the Money Show conferences. He has been on television and radio. He is author of many educational articles about stock investing and the book “Guide To High-Performance Investing.”
For information to subscribe to the Ticker Tape Digest Services call: Beverly Owen at 1-480-704-3331 or 480-878-8381
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(The information contained has been prepared from data deemed reliable but there is no guarantee of complete accuracy. Ticker Tape Digest Inc. is not affiliated with any broker, dealer or investment advisor. Nothing in this publication constitutes an offer, recommendation or solicitation to buy or sell any securities. Further research is advised. This report is copyrighted and no redistribution is permitted with out permission.)