Ticker Tape Digest

Tuesday - February 23, 2021

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 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.

Tuesday - February 23, 2021

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakouts   -  11

Quality of Breakouts -  Average.

Stocks Screened - 12,234

Bull side -  Large list of breakouts, but selective. Aggressive bulls can be venturesome.

Stock market  -  Major average remain bullish, except for the daily Nasdaq which is now bearish.

Comment -  Stock market rebounds from big selloff in the morning. One needs to be very watchful now.

See Latest Earnings Reports -  A company that tops the Street's highest earnings estimate has potential to go higher. Key earnings beats -  TRI, NXST, AWI, BCO and MTDR.

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

Euronet Worldwide Inc. (EEFT) - 153.38, up 1.32 - Breakpoint 150.13

Net To Surge 68% This Year, TTD Targets 180

  EEFT, based in Leawood, Kansas, is an electronic payments provider. Annual revenues: $2.5 billion. EEFT's stock pushes higher Tuesday and breaks out from its eight-week, cup-and-handle base.

  So far today, EEFT is trading 323,436 shares. Its average daily volume is 360,000 shares.

  TTD sees potential for more on the upside.

  EEFT is close to making a new all-time high.

  EEFT's stock slipped to $147.10 in the morning as the stock market took a dive.

  However, EEFT rebound strongly and quickly getting to $153.70.

  The stock then pulled back to about $151 and then in the afternoon worked steadily higher to reach an intraday peak at $154.49.

  EEFT was unchanged in after-hours trading.

   Tape Action

  EEFT's tape action shows the recent block trades.

  One can see the price for the blocks climbing from $148.81 in the morning to as high as $153.38 by the close.

  A key bullish trade came in the morning when a block of 1,153 shares crossed at $152.76.

  That was up from the prior block at $149.30 on 1,200 shares.

  Near the close a big block of 17,278 shares crossed the tape at $153.38.

  That was up sharply from the prior block at $151.39 on 1,300 shares.

  Business

  EEFT offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individuals.

  Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.

It operates in three segments: EFT processing segment provides electronic payment solutions consisting of ATM cash withdrawal and deposit services, outsourced ATM and POS management solutions, and credit and debit card outsourcing. 

  Charts

  EEfT's 12-month performance chart shows the stock up 11% versus a 20% gain for the stock market.

  However, EEFT has put on a strong run up the past four months.

  EEFT's long-term chart shows the stock advancing from $52 back in 2016 to a peak at $171 by July of 2019.

  The stock then fell back hard during the stock market sell off in 2020. EEFT dropped to $61. It has since made a good comeback to $153.

  EEFT's daily chart shows the stock climbing from $90 in November to a peak at $150 by January.

  The stock then pulled back and formed a classic cup-and-handle base.

 It broke out in the prior session and now follows through with a modest pick up in volume.

  The CCI momentum indicator is modestly bullish.

   Earnings Outlook

  This year, analysts predict a 68% jump in net  to $4.73 a share from the $2.82 the prior year.

  It has a price-earnings ratio of 32.

  Looking out to 2022, the Street expects a 78% leap in net to $8.42 a share from the anticipated $4.73 this year.

  Net for the upcoming first quarter, though, should be down 31% to 38 cents a share from  55 cents the prior year..

  The highest estimate is at 44 cents a share.

  EEFT beat the Street prediction the past three quarters by 39 cents a share, 60 cents and 37 cents. That is impressive. The stock rose in price after the last two beats.

  Net for the second quarter should soar to 76 cents a share from  the 4 cents the prior year.

Strategy Opinion:  TTD is targeting EEFT for a move to $180 within the next few months, or sooner.

A protective stop can be placed near $145

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 Price Performance after Reporting Earnings

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

Insider Buying in Green  -  Insider Selling in Red

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  -  9

Stocks Screened - 12,234

Long-Term Environment for bears: Unfavorable.

Bear Side -  Larger list of shorts Tuesday. Aggressive bears can be venturesome.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

Poshmark Inc. (POSH) - 62.92

Loss Seen This Year, TTD Sees Drop to 55

     POSH, based in Redwood, Ca., provides a social marketplace for buying and selling online. Annual revenues: $205 million. POSH's stock falls sharply Tuesday and undercuts key technical support with a pick up in volume.

  So far today, POSH is trading 883,718 shares. Its average daily volume is 565,000 shares.

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

  TTD sees potential for more on the downside.

  POSH's stock fell sharply in the morning and undercut key support with big volume.

  The stock touched an intraday low of $57.73 in the morning.

  It lifted to around $62 and then trended mostly sideways the rest of the day.

  In after-hours trading POSH was up 8 cents a share.

  Tape Action

  POSH's tape action shows the recent block trades.

  One can see the price for the blocks falling from  $66 in the morning to as low as $59.50.

  A key bearish trade came in the morning when a block of 5,000 shares crossed the tape at $62.86.

  That was down from the prior block at $66 on 6,909 shares.

   Business

  POSH sets up its marketplace into lifestyle categories, including apparel, accessories, footwear, home and beauty.

   Its storefront services include listing, pricing and wholesale.

   Its social marketing services include Post Stories, Bundles, Drops Soon and Reposh. The company provides a range of logistics and payment support services, including shipping, payment and authentication.

 Earnings:

  This year, the Street predicts a loss of 58 cents a share compared with a profit of 91 cents a share expected for 2020.

  For the upcoming first quarter, POSH is expected to show a loss of 39 cents a share. There was no comparable figures from a year ago.

Charts:  

  POSH's daily chart shows the stock falling sharply through key support. The stock has been trending lower since it went public back in January at $97.50.

Strategy Opinion: TTD  is targeting POSH for a decline to $55 within the next few months, or sooner. A protective stop buy can be placed near $66.

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. - 2021

    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 1-480-704-3331.

   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.)