Ticker Tape Digest

Friday - February 21, 2020

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 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's Bargain Buy Trades - Long - Long Term.  These are for conservative bullish Investors These long-term buys are ideally suited for entry into stocks on pull backs within overall up trend. These stocks can give a good return long-term especially during a bull market.

   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.

Friday - February 21, 2020

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakouts   -  12

Quality of Breakouts -  Average.

Stocks Screened - 12,234

Bull side -  Large list of breakouts even as the stock market declines. Gold stocks heading higher.

Stock market  -  Daily Dow turns bearish. Market averages fall back and are now in a consolidation.

Comment -  Dow is bearish daily, but still holding in the weekly and Monthly. One needs to be watchful now.

See Latest Earnings Reports -  A company that tops the Street's highest earnings estimate has potential to go higher. Key earnings beats -  DE, CFX, WPC, ITT and PNW.

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. )  

Today's Featured TTD Breakout Stock

Globant SA (GLOB) - 134.82, up 8.83 - Breakpoint 130.97

Net To Climb 20% This Year, TTD Targets 155

 GLOB, based in Luxembourg, produces software and hardware products for the worldwide market. Annual revenues: $522 million. GLOB's stock dives higher Friday and breaks out from its five-week flat base.

  So far today, GLOB is trading a heavy 823,000 shares, more than double its average daily volume of 301,000 shares.

  TTD sees more on the upside.

 TTD highlighted GLOB as a breakout at our midsession video show on the Web Friday.

 The breakout was triggered when GLOB reported better than expected earnings.

  It came in with net for the fourth quarter of 64 cents a share topping the Street estimate at 62 cents a share.

  GLOB's stock spiked higher in the morning and cleared its breakpoint line.

  The stock touched an intraday high 141.67 in the morning. The stock then pulled back and trended sideways the rest of the day.

   Tape Action

  GLOB's tape action shows the recent tape action.

  One can see the price for the blocks climbing from #125.99 in the prior session to as high as $140 in the morning.

 A key bullish trade came in the morning when a block of 17,395 shares (duplicated) crossed the tape at $139.98 

  That was up from the prior block the day before at $125.99 on 19,455 shares.

  Business

  GLOBt principal operating subsidiary is in Buenos Aires, Argentina. It gets  84% of its revenues form North America, 11% in Latin America and Asia, and 5.3% in Europe.

 The company produces software such as mobile apps, Web apps, sensors and other software and hardware that work by a using big data and fast data to create a understanding of each consumer.

GLOB's data helps its customers stay in line with its  industries.  

  Charts

  GLOB's 12-month performance chart shows the stock up 90% versus a 22% gain for the stock market.

  Insider activity not available.

  GLOB's long-term chart shows the stock climbing from $11 in 2014 to a peak at $66 in 2018.

  The stock based and then broke out and surged to a peak at $111 by 2019. It based and has since surged to a new all-time high $141.67.

  GLOB's daily chart shows the stock climbing from $90 back in October to a peak near $130 by January.

  The stock put down a small flat base.

  The breakout clears its breakpoint line with a big expansion in volume.

  The stock's CCI momentum indicator is strongly bullish.

  Earnings Outlook

  This year, analysts are forecasting a 20% increase in net to $2.74 a share from  the $2.29 the prior year.

  The stock sells with a price-earnings ratio of 49. That is high.

  Going out to 2021, the Street predicts a 21% gain in net to $3.32 a share from the anticipated $2.74 this year.

  Net for the upcoming first quarter should rise 20% to 60 cents a share from the 50 cents the prior year.

  Then in the second quarter, the Street is calling for a 25% increase in net to 66 cents a share from the 53 cents the prior year.   

Strategy Opinion:  TTD is targeting GLOB for a move to $155 within the next few months, or sooner.

A protective stop can be placed near $126

Intermediate-Term Rating: Average.

Suitability:   Average Bulls.

                                 TTD's special research of Stock's Prior Performance:  

           Stock's Prior Performance After A Breakout

(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.)

  Stock's Long-term Chart

 Stock's Performance Chart with Quarterly Earnings Markers vs. S&P 500

Insider Buying in Green  -  Insider Selling in Red

   Stock's Price Performance after Reporting Earnings

Charts of Selected Breakout Stocks

Ticker Tape Digest’s

Stocks To “Sell or Short”

    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 for Thursday -  6

Stocks Screened - 12,234

Long-Term Environment for bears: Unfavorable.

Bear Side - Small list of shorts Friday. Stock market falls sharply as is now in a consolidation of recent run up. Bulls be alert for short plays.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

Cinemark Holdings Inc. (CNK) - 29.14

Stock Cuts Below Support, TTD Sees Drop to 24

  CNK, based in Plano, Tex., operates movie theaters in the U.S. and world wide. Annual revenues: $3.2 billion. CNK's stock falls sharply Friday and undercuts key technical support.

  So far today, CNK is trading 7.5 million shares, five times its average daily volume of 1.4 million shares.

  The decline was triggered by disappointing earnings.

  TTD sees more on the downside.

  CNK reported net for the fourth quarter of 22 cents a share. That was well below the Street estimate of 41 cents a share. Some estimates were as high as 57 cents a share.

  TTD highlighted CNK as a short at our midsession video show on the Web Friday.

  CNK's stock fell sharply in the morning and undercut key support.

  It touched an intraday low of $28.46 in the afternoon. The stock then lifted slightly into the final bell.

  Tape Action

  CNK's tape action shows the recent block trades.

  One can see the price for the blocks falling from $32.67 in the prior session to as low as $28.50 in the afternoon.

  A key bearish trade came in the morning when a block of 41,700 shares crossed the tape at $31.68.

  That was down from the prior block at $32.67 on 165,877 shares the prior session.   

  Business

  CNK operates theaters in the U.S., Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Paraguay, Curacao and Bolivia.  

 CNK has 526 theatres and 5,903 screens in the United States and Latin America.

  Its international circuit had 187 theatres and 1,344 screens in 15 countries.   

  Earnings:

  This year, analysts have been currently forecasting a 10% increase in net. Profits for the firs quarter are projected to climb 21% to 34 cents a share from  the 28 cents the prior year.

  Those estimates could come down.   

Charts:  

  CNK's daily chart shows the stock trending lower from $40 back in August. It remain in a steady down trend.

  Its 12-month performance chart shows the stock down 20% versus a 20% gain for the stock market.

  Insiders were recent light sellers at $41. They have not done any buying.

Strategy Opinion: TTD  is targeting CNK for a decline to $24 within the next few months, or sooner. A protective stop buy can be placed near $31.50.

Suitability:  Aggressive Bears.

  TTD's Stock Probability research of Prior Performance:  

   Stock's Performance Chart with Quarterly Earnings Markers vs. S&P 500

Insider Buying in Green  - Insider Selling in Red

   TTD takes no responsibility for trading by those using this information. The stocks presented in our report are those we deem the best looking "Day Trades" for the long side. We take no responsibility for the accuracy of this data, although every effort is made to present the information correctly. Copyright Ticker Tape Digest. - 2020

    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 1-480-878-8381.

   Distributed by Corona Publishing Enterprises. TickerTape Digest Inc. 1220 W. Sherri, Gilbert, Az. 85233.

  TTD “Professional Report” is available on the Web: $100 per month. Password needed. Published daily - around 20 times a month.  

 TTD Pro Report includes a Morning chart slide show of breakout stocks, a Midsession video-audio show with commentary on breakout stocks and shorts and a Final end of day overall report on breakout stocks for the session, short plays and accumulation plays.  There are other features too such as Quick Trades and Long-term Plays.  

TTD Daily Report is $39. It covers a Morning slide show of charts of stocks breaking out and a TTD end of day print report covering breakout stocks and shorts.

 Credit cards accepted. Payable to Corona Publishing Enterprises.

(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.)