Ticker Tape Digest

Monday - November 14, 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 - November 14, 2022

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakout Stocks -  None.

Quality of Breakouts - None.

Stocks Screened -  6,500

Bull side -  No Breakouts as stock market falls sharply late in the day. Bulls need to be careful.

Stock market - Major averages hold bullish daily. The Nasdaq remains weak being bearish weekly and monthly. Stock market's near-term rally still holding.

See Latest Earnings Reports -  A company that tops the Street earnings estimate has good chances to move higher.

Key "Earnings Beat" Stocks For Monday

Stock Market Momentum

(Data 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.

Breakout Stocks

None

No Breakouts

TTD Features A Recent Breakout Stock

DHT Maritime Inc. (DHT) - 9.67, up 0.08, Breakpoint 9.30

Profits To  Surge 428% in 2023, TTD Targets 13

 DHT, based in Hamilton, the Bahamas, operates a fleet of oil tankers. Annual revenues: $296 million. DHT's stock moves higher Monday and is in good position to follow through on its recent breakout.

  So far today, DHT is trading 2 million shares. Its average daily volume is 2.5 million shares.

  Oil  tanker stocks are hot. So, TTD sees potential for a follow through of the recent breakout.

  DHT's stock moved higher in the morning and reached an intraday peak at $9.82

The stock then basically trended sideways the rest of the day.

In after-hours trading DHT was up 31 cents a share.

  Tape Action

 DHT's  tape action shows the stock moving higher in the morning with strong  accumulation.

 Then later in the morning it fell back but the AD line held

 Near the close the stock fell back as there was some distribution. However, there was good buying in after-hours trading. .

  Business 

DHT operates 26 large oil tankers.

The company operates through integrated management companies in Monaco, Singapore and Norway.

DHT’s operating VLCCs has a combined carrying capacity of 8,043,657 deadweight tons (dwt). The Company's VLCCs fleets operates in time charters and spot market.

Charts

 DHT's 12-month performance chart shows the stock up 58% versus a 17% loss for the stock market.

 DHT's long-term chart shows the stock rising from $3.60 in 2019 to $8.83 by late 2019.

 It fell to $4.50 in early 2020. However, it has since worked to $9.67.

 The daily chart shows the stock climbing  from $5.80 in June to $9.30 by September..

 DHT pulled back and formed a cup-and-handle base.

The breakout clears the base with a pickup in volume.

  It has held the breakout and is in good position to follow through on the upside.

 The CCI  momentum indicator is bullish. 

  Earnings Outlook

 This year, analysts predict a profit of 20 cents a share versus a loss of 23 cents the prior year.

 Going out to 2023,  the Street projects a big jump in net to $1.06 a share from the anticipated 20 cents this year.

  Analysts have been raising their earnings estimates.

 For the fourth quarter net should  jump to 40 cents a share versus a loss  of 5 cents the prior year.

 Then in the first quarter of 2023, the Street sees a profit of 16 cents a share against a loss of 14 cents the prior year.  

Strategy Opinion: TTD is targeting DHT for a move to $13 within the next few months. A protective stop can be placed near $8.50.

Intermediate -Term Rating: Above Average.

Suitability:  Aggressive Bulls.

TTD's special research of Stocks Prior Performance: 

        Stock's Prior Performance After a Breakout