Ticker Tape Digest

Wednesday - August 10, 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.

Wednesday - August 10, 2021

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakout Stocks - 2

Quality of Breakouts - Above Average.

Stocks Screened -  6,500

Bull side -  Small list of breakouts. Bears be conservative.

Stock market - Major averages turning more bullish in all time zones. However, bulls need to be watchful.

Comment - Small list of breakouts. Bulls be conservative.

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: KRNT, MTTR, IS, HAE and DIS.

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.

Wednesday  Breakouts

TTD's Featured Breakout Stock

Howmet Aerospace Inc. (HWM) - 37.91, up 0.47, Breakpoint 37.72

Net to Jump 41% This Year, TTD Targets 45

   HWM, based in Pittsburgh, sells engineered products for the aerospace industry. Annual revenues: $5 billion. HWM's stock moves higher Wednesday and breaks out from its 11-week , cup-and-handle base.

 So far today, HWM is trading 4.1 million shares. Its average daily volume is 2.7 million shares.

  TTD sees more on the upside.

  HWM's stock gapped higher in the morning and cleared its breakpoint line.

  It touched an intraday high of $38.35 in the morning.

 The stock then drifted back during the day. It showed some late selling pressure, but bounced back.

  In after-hours trading, HWM was up 28 cents a share.

  Tape Action

 HWM's tape action shows the recent block trades.

 One can see the prices for HWM's blocks rising from $37.44 in the prior session to as high as $38.12 in the afternoon.  

 A key bullish trade came in the morning when a block of 30,913 shares crossed the tape at $38..

 That was up from the prior block at $37.44 on 261,473 shares in the prior session.

 Near the close a big block of 345,747 shares crossed at $37.91.

 That was down from the prior block in the sequence at $37.96 on 89,300 shares.  

  Business 

  HWM produces eEngine products, fastening systems, engineered structures, and forged wheels for the aerospace industry and other sectors.

The engine products segment produces investment castings, including airfoils and rolled rings primarily for aircraft engines and industrial gas turbines.

The fastening systems segment produces aerospace fastening systems, as well as commercial transportation, industrial and other fasteners.

Charts

 HWM's 12-month performance chart shows the stock up 15% versus an 5% loss for the stock market.

 Insider were buyers at $20.27 to $28.98

 They were sellers at $36 a share.

 HWM's long-term chart shows the stock rising from $16.81 in 2016 to $34 by 2020.

 The stock then dropped sharply to $10 in early 2020 due in part to the bear market.

 HWM then rallied to $37 this year.  

 HWM's daily chart shows the stock climbing from $31 in March to a peak near $37 by April.

  The stock then trended sideways and then fell back to $30 in June and then rallied to form a cup-and-handle base..

 The stock now breaks out with a pick up in volume.

The CCI  momentum indicator is slightly bullish.

  Earnings Outlook

 This year, analysts predict net will surge 41% this year to $1.42 a share from the $1.01 the prior year.

 Going out to 2023, the Street sees a 27% leap rise in net to $1.80 a share from the anticipated $1.42 this year.

 For the third quarter,  the Street projects a 33% jump in net to 36 cents a share from the 27 cents the year before.

The company beat the Street estimate the past four quarters by 2 cents a share, 2 cents one cent and 2 cents.

Net for the fourth quarter should rise 33% to 40 cents a share from the 30 cents the previous year.

Strategy Opinion: TTD is targeting HWM for a move to $45 within the next few months. A protective stop can be placed near $33.

Intermediate-Term Rating: Average.

Suitability:  Average Bulls.