Ticker Tape Digest

Wednesday - September 28, 2022  

TTD does not publish Thursday. We Resume Friday.

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 - September 28, 2021

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakout Stocks -  3

Quality of Breakouts -  Below Average

Stocks Screened -  6,500

Bull side - Only a few breakouts as the stock market rallies strongly Wednesday.

Stock market - Major averages remain bearish in all time zones. Bulls be patient waiting for a rally follow through day now.  

Comment - September coming to an end.  The key now will be a focus on earnings.

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: THO, PAYX and CTAS.

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 Feature Breakout Stock

Harmonic Inc.(HLIT) - 13, up 1.20, Breakpoint 12.13

Net To Soar 41% This Year, TTD Targets 16.50

  HLIT, based in San Jose, Ca., provides video delivery software, products, system solutions, and services. Annual revenues: $507 million. HLIT's stock climbs sharply Wednesday and breaks out from its 2-month flat base.

  So far today, HLIT is trading 3.6 million shares, triple its average daily volume of 1.2 million shares.

  TTD sees potential for more on the upside.

  HLIT moved higher in the morning and cleared its breakpoint near $12..

  The stock continued to push north reaching an intraday high of $13.08 late in the day.

In after-hours trading the stock was down 32 cents a share.

  Tape Action

 HLIT's tape action shows the recent block trades.

 One can see the price for the blocks rising from $11.80 in the prior session to as high as $13.06 late in the day.

 A key bullish trade came in the morning when a block of 37,454 shares (duplicated) crossed the tape at $11.97.

 That was up from the prior big block at $11.80 on 71,447 shares late on Tuesday.

 Near the close, a big block of 145,122 shares crossed at $13.

 That came on an up tick from the prior trade at $12.98 on 100 shares.

  Business   

 HLIT operates through two segments: video and cable access. The video business sells video processing and production and playout solutions and services to cable operators and satellite and telecom pay television service providers.

The cable access business sells cable access solutions and related services, including its CableOS software-based cable access solution, primarily to cable operators.

It offers a range of services such as broadcast and streaming video services to consumer, devices, including televisions, personal computers, laptops, tablets, and smart phones, and cable access solutions.

Its cable access products include software-based cable access solutions and Narrowcast Services Gateway products.

Charts

  HLIT's 12-month performance chart shows the stock up 30% versus a 15% loss for the stock market.

  Insiders were recent buyers at $3.14 a share using stock options. 

 They were sellers at $9.89 to $12 a share.

 HLITs long-term chart shows the stock climbing from $2.90 in 2018 to a peak at $8.57 by early 2020.

The stock pulled back to $4.44 but afterwards surged higher to $12.22 late last year.

It has since been basing.  

 HLIT's daily chart shows the stock breaking out from $11.60 from a well formed flat base

 The stock faded back into the base.

 Now, HLIT breaks out from its base with big volume and a widening of the daily spread. The move comes with good volume.

 The CCI  momentum indicator is strongly bullish. 

  Earnings Outlook

 This year  analysts predict a 41% jump in net to 48 cents a share from 34 cents the prior year.

However, earnings for the second half this year will be "soft."

 Net for the third quarter should be up 11% to 10 cents a share from 9 cents the prior year. \

Then in the fourth quarter analysts expect a 19% drop in net to 13 cents a share from the 16 cents the year before.

 Going out to 2023,  the Street sees a big 47% jump in net to 70 cents a share from the anticipated 48 cents this year.

Strategy Opinion: TTD is targeting HLIT for a move to $16.50.  A protective stop can be placed near $11.90.

Intermediate -Term Rating: Above Average.

Suitability:  Aggressive Bulls.