Ticker Tape Digest

Thursday - October 6, 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.

Thursday - October 6, 2022

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakout Stocks -  4

Quality of Breakouts -  Above Average.

Stocks Screened -  6,500

Bull side -  Small list of breakouts and very selective. Bulls be conservative.

Stock market - Major averages are still bearish in all time sectors.

Comment - Small list of breakuots and very selective. Key now will be earnings reports. Bulls need to be alert.

See Latest Earnings Reports -  A company that tops the Street's earnings estimate has potential to go higher.

Thursday's key earnings beats: STZ, CAG, LEVI and MKC

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.

Thursday Breakouts  

TTD's Feature Breakout

Will Scot Mobile Mini Holdings  (WSC) - 43.95, up 0.60, Breakpoint 43.63

Net To Soar 76% This Year, TTD Targets 52

WSC, based in Phoenix,  provides modular space and portable storage. Annual revenues: $1.9 billion. WSC's stock moves higher Thursday and breaks out from its nine-week, flat base.

  So far today, WSC is trading 1.9 million shaers, the same as its average daily volume.

  TTD sees potential for more on the upside.

  The stock's move carried the stock to a new all-time high. That is very bullish.

  WSC's stock was highlighted as a breakout at our midsession video show on the web.

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

 The stock then trended sideways the rest of the day.

That was okay given the big drop in the stock market.

WSC was down 51 cents a share in after-hours trading.  

  Tape Action

 WSC's tape action was bullish

One can see on our chart three spikes of buying during the dayand they all came with a pick up in volumee.

The tape action for the day showed very little profit taking.

  Business 

WSC provides modular space and portable storage solutions. Its segments include NA Modular, NA Storage and UK Storage.

The NA Modular segment represents the activities of the North American modular business. The NA Storage segment represents the activities of the North American portable storage business.

The UK Storage segment represents the results of all modular and portable storage operations in the United Kingdom.

The Company also maintains a fleet of specialty containment products, including liquid and solid containment solutions. The Company leases, sells, delivers and installs mobile solutions and storage products.

Charts

 WSC's 12-month performance chart shows the stock up 36% versus a 15% loss for the stock market.

 Insider were recent buyers at $17.79 to $19.86 a share using stock options.

They were recent sellers at $41 to $42 a share. WSC's long-term chart shows the stock rising from $$10 in 2019 to $20 by 2020.

It fell to $7.45 in early 2020. However, it has since trend steadily higher to $43. 

 The daily chart shows the stock rising from $30 in July to $43 by August.

 WSC formed a flat base.

 The breakout comes with modest volume.

 The CCI  momentum indicator is bullish. 

  Earnings Outlook

 This year ending, analysts predict a 76% jump in net to $1.34 a share from 76 cents the prior year.

 Going out to 2023,  the Street projects a 32% rise in net to $1.77 a share from the anticipated $1.34 this year.

 For the third quarter, net should surge 46% to 38 cents a share from the 26 cents the prior year.

  For the fourth, net should be jump 34% to 43 cents a share from 32 cents the prior year.

 The company beat the Street estimate the past quarter by 3 cents a share.

Strategy Opinion: TTD is targeting WSC for a move to $52 within the next few months. A protective stop can be placed near $41

Intermediate -Term Rating: Above Average.

Suitability:  Average Bulls.

 TTD's special research of Stocks Prior Performance: