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 trades. We also feature stocks under Significant Accumulation that are poised to breakout.
Ticker Tape Digest's
Daily schedule guide for TTD subscribers
1. Pre-market - check Breakout Watch List and Quick Trades.
2. Morning - (11:30 - 12 A.M.) - check breakout stocks tape and breakout chart slide show.
3. Midday (1 P.M.) check TTD Midsession Report and see market video show.
4. After close (4 P.M.) check final TTD Report for day.
Aggressive Investors Bullish - "Breakout Stocks" - ideally suited for bull markets and special situation stocks. Potential for large returns. (See Performance)
Aggressive Investor Bullish- "Quick Trade Stocks" -ideally suited for entry into top performing issues looking for a small quick profit." (See Performance)
Conservative Investors "Bargain Buy Trades for the Long Term." Ideally suited for entry into top performing big cap stocks on pullbacks within overall up trend.(See Performance)
Aggressive Bearish Investors - "Breakdown Stocks" to Sell Short. Ideally suited for bear markets or market pull backs. Potential for large returns (See Performance)
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 firstname.lastname@example.org.For service, email Beverly Owen email@example.com. TTD’s Tel: 1-480-926-1680.
Total Buy Breakouts so far today - 14
Overall Quality of Breakouts - ABOVE AVERAGE
Stocks Screened - 8,300
Bull side - Breakout list large with some good looking plays. Stock market holds overall up trend. Bulls can be venturesome.
(Put mouse on Dow chart to see Nasdaq chart)
Long Term Environment for bulls: Favorable
Stock Market Momentum
Market (Daily) - NYSE Bullish, Nasdaq Bullish
Market (Weekly) - NYSE Bullish, Nasdaq Bullish
Market (Monthly) - NYSE Bullish, Nasdaq Bullish
Ticker Tape Digest's
TTD's Quality Rating of Stock - APOG - ABOVE AVERAGE
APOG, based in Minneapolis, provides glass products used in buildings. Annual revenues: $901 million. APOG's stock breaks out Thursday from a 15-week, cup-and-hand base. The move carries the stock to a new all-time high. That is bullish. So far today APOG is trading 183,697 shares. Its average daily volume is 116,000 shares.
TTD highlighted APOG earlier this week as a stock to accumulated in anticipation of a breakout.
APOG's stock rose steadily in the morning and pushed through its breakpoint line. (see 10-minute chart)
The stock continued higher into the afternoon hitting an intraday peak of 48.03.
It then trended sideways holding its gain into the final bell.
APOG's tape action shows the recent block trades.
One can see the price for the blocks climbing from $46.38 in the prior session to as high as $47.83.
A key bullish trade came in the morning when a block of 1,009 shares crossed the tape at $47.38.
That was up from the prior block that crossed at $46.38 on 1,100 shares.
APOG provides architectural products and services companies design. It does fabrication, installation and maintenance.
It also renovates walls of glass and windows comprising the outside skin of commercial and institutional buildings.
APOG's 12-month performance chart shows the stock appreciating 42% versus a 15% gain for the S&P 500 index.
One can see heavy insider buying taking place in May (green bars on chart). The insiders have done well over the past several months.
APOG's long-term chart shows the stock climbing from 12 in 2005 to a peak of 30 by 2007, the top in the prior bull market.
The stock then fell back to 5 in 2008 due to the following bear market. It then based for three years.
Then in 2012 APOG broke out to the upside from its long-term chart and has since soared to an all-time high of 48.03 on Thursday.
APOG's daily chart shows the stock advancing from 33 back in August to a peak near 47 by November.
The stock then formed a cup-and-handle base.
Thursday, it breaks out to hit a new high.
APOG's TTD momentum indicator (top of chart) is solidly bullish.
The accumulation - distribution line (bottom of chart) is in an overall up trend that compliments the price action.
Analysts are forecasting APOG will show a 55% surge in profits for the fiscal year ending in February of 2015.
They look for $1.47 a share, up form 95 cents a year ago.
The stock sells with a price-earnings ratio of 31. TTD sees that as reasonable given the strong earnings outlook.
Going out to fiscal 2016 ending in February, the Street projects a 46% gain in profits to $2.15 a share from the anticipated $1.47 this fiscal year.
Net for the next two quarters will be strong.
For the upcoming fiscal fourth quarter ending in February, the Street expects a 63% leap in profits to 44 cents a share from 27 cents a year ago.
Looking ahead to the first quarter of fiscal 2016 ending in May, they project a 76% leap in net to 37 cents a share from 21 cents the year before.
Strategy Opinion: TTD is targeting APOG for a move to 58. That is up from our prior target of 56.
A protective stop can be placed near 44 after a breakout.
TTD rates APOG a very good intermediate-term play provided earnings remain on course.
Sponsorship: Average. Several large fund holders have done some recent selling. The 5-star rated T. Rowe Price Small Cap Stock Fund, 5-star rated, was a recent seller of 203,300 shares. It is the second largest fund holder with a 2.4% stake.
The largest fund buyer recently was the 3-star rated Rainer Small/Medium Cap Equity Original Fund which purchased 121,150 shares. It has a 1% stake.
APOG has 29 million shares outstanding. Institutions hold 92% of the stock and insiders 3%.
Insider Activity: Bearish. Insiders were recent buyers using stock options at $15. They were sellers at $43 to $45. APOG has a book value of $12.91.
Stock Performance Chart with Quarterly Earnings Markers.
|TTD's Breakout Profile
Apogee Enterprises Inc. - (APOG)
|TTD Check List||Bullish||Bearish||Neutral|
|Near 52-week High||YES|
|Price Trend - Daily||YES|
|Price Trend - Long Term||YES|
|Price Daily Spread||YES|
|Base - A-D||YES|
|Prior Breakout Success||YES|
Charts of Selected Breakout Stocks
|TTD's Quality Rating of Stock - TREE - ABOVE AVERAGE|
|TTD's Quality Rating of Stock - NEOG - ABOVE AVERAGE|
|TTD's Quality Rating of Stock - AMAG - AVERAGE|
|TTD's Quality Rating of Stock - UVE - AVERAGE|
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 so far today - 7
Stocks Screened - 8,300
Long-Term Environment for bears: Unfavorable.
Bear Side - Good number of shorts today with some interesting plays. Bears can be venturesome. TTD's short from Wednesday was Hewlett Packard at 34.69. Today, HPQ has declined to 33.93.
DO, based in Houston, provides contract drilling services for offshore oil wells. Annual revenues: $2.7 billion. DO, part of the bearishly acting oil sector, falls sharply Thursday and cuts below key technical support. So far today, DO is trading 2.5 million shares. Its average daily volume is 2.1 million shares.
DO's stock worked lower through the day hitting an intraday low of 28.71 in the afternoon. It lifted a bit late in the session to trim some of its loss.
DO's tape action shows the recent block trades.
One can see the price for the blocks falling from $30.20 in the prior session to as low as $28.81.
A key bearish trade came in the morning when a block of 137,170 shares crossed the tape at $30.07.
That was down from the prior block trade at $30.19 on 100,000 shares. The action indicated heavy institutional selling pressure.
DO is a leading deepwater drilling contractor and owns and operates one of the largest fleets of offshore drilling units in the world.
The company operates in the waters of six of the world's seven continents, supplying drilling services to the global energy market.
This year, analysts are forecasting a 41% drop in DO's earnings to $2.21 a share from $3.76 in the prior year. Going out to 2016, the Street looks for a 62% plunge in net to 84 cents a share.
DO's daily chart shows the stock falling from 40 in December down to 30. The stock tried to hold and rally, but it has since faded and cut below support. The stock's TTD momentum indicator (top of chart) is bearish.
Strategy Opinion: TTD is targeting DO for a decline to 24 within the next few months, or sooner. A protective stop can be placed near 30.
|TTD's Quality Rating of Stock - DO - BELOW AVERAGE|
TTD columnist Leo Fasciocco has covered the stock market for over 20 years. His articles appear in many publications. He is also a speaker at the Intershow 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 1-480-926-1680. Distributed by Corona Publishing Enterprises. Ticker Tape Digest Inc. P.O. Box 2044 Chandler, Az. 85244-2044. TTD “Professional Report” is available on the World Wide Web: $100 per month. Password needed. “TTD Professional“ Faxed is $200 per month. The TTD
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(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.)