Ticker Tape Digest

Friday - March 5, 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.

Friday - March 5, 2021

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 with some interesting plays for bulls.

Stock market  -  Daily Nasdaq and S&P remain bearish. Dow daily and the weekly and monthly indexes holding bullish.

Comment -  Stock market shakes off a sharp sell off on Friday. However, it still remains vulnerable to the downside.

See Latest Earnings Reports -  A company that tops the Street's highest earnings estimate has potential to go higher. Key earnings beats -  OFS, BIG and GLP.

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

Lear Corp. (LEA) - 176.72, up 10.95 - Breakpoint 170.53

Net To Soar 165% This Year, TTD Targets 210

  LEA, based in Southfield, MIch., supplies electronic products for vehicles. Annual revenues: $17 billion. LEA's stock surges higher Friday and breaks out from its 9-week, cup-and-handle base.

  So far today, LEA is trading 687,421 shares. Its average daily volume is 476,000 shares.

  TTD sees potential for more on the upside.

  LEA's stock worked higher in the morning.

  It cleared its breakpoint line in the early afternoon.

  The stock continued higher and closed near its high for the day.

  That is bullish.

   Tape Action

  LEA's tape action shows the recent block trades.

  One can see the price for the blocks climbing from $165.77 to as high as $176.72.

  A key bullish trade came in the morning when a block of 1,821 shares crossed the tape at $168.42.

  That was up from the prior block at $165.77 on 34,050 shares.

  Near the close a big block of 46,394 shares crossed at $176.72.

  That was up from a prior block in the sequence at $176.53 on 1,000 shares.   

   Business

  LEA supplies seating, electrical distribution systems and electronic modules, as well as related sub-systems, components and software, to auto and truck makers.

  The seating segment consists of the design, development, engineering and delivery of complete seat systems.

 The E-systems segment consists of producing electrical distribution systems, electronic modules and software for light vehicles.

  Charts

  LEA's 12-month performance chart shows the stock up 60% this year versus a 25% gain for the stock market.

  Insiders were buyers using stock options. The price was not disclosed.

  The company was a recent seller at $102 to $108.

  LEA's long-term chart shows the stock climbing from $93 in 2016 to a peak at $204 by 2018.

  The stock then fell sharply to $63 in 2020 when the stock market took a dive. Since then, though LEA has been working strongly higher.

  LEA's daily chart shows the stock climbing from $120 back in November to a peak at $170 by January.

  The stock then put down a cup-and-handle base.

  The breakout is good coming with a widening of the daily spread and expansion in volume.

  The stock's CCI momentum indicator is strongly bullish.

   Earnings Outlook

  This year, analysts project a 165% surge in net to $14.14 a share from the $5.33 the prior year.

  The stock has a price earnings ratio of just 12. That is favorable for value investors.

  Looking out to 2022, the Street predicts a 25% jump in net to $17.73 a share from the anticipated $14.14 this year.

  Net for the first quarter should leap 72% to $3.53 a share from the $2.05 the prior year.

  The highest estimate on the Street is at $5.33 a share.

  The company beat the Street estimate the past four quarters by 29 cents a share, 51 cents, 84 cents and 97 cents.

  Net for the second quarter should come in at $3.44 a share versus a loss of $4.14 share the prior year.

Strategy Opinion:  TTD is targeting LEA for a move to $210 within the next few months, or sooner.

A protective stop can be placed near $170 after a breakout.

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  - 3

Stocks Screened - 12,234

Long-Term Environment for bears: Neutral.

Bear Side -  Small list of breakouts. Stock market rallies but still under some selling pressure. Bears be conservative.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

Imara Inc.  (IMRA) - 9.97

Loss Seen This Year, TTD Sees Drop to 8

  IMRA, based in Boston, is a biotech firm making treatments for genetic disorders. Annual revenues: Nil. IMRA's stock falls sharply Friday and undercuts key technical support.

  So far today, IMRA is trading a heavy 557,679 shares, seven times its average daily volume of 83,100 shares.

  TTD sees potential for more on the downside.

  TTD highlighted IMRA as a short at our midsession video show on the web.

  IMRA reported a loss for 2020  of $3.53 a share compared with a loss of $33.40 a share the prior year.

  IMRA's stock gapped lower in the morning and undercut its key support line.

  The stock headed to an intraday low of $8.49 in the morning.

  In the afternoon, the stock worked high to trim a chunk of its loss.

  In after-hours trading, the stock was up 3 cents a share.

   Tape Action

  IMRA's tape action shows the recent block trades.

  One can see the price for the blocks falling from $12.59 a few sessions ago to as low as $8.86 in the morning.

  A key bearish trade came in the morning when a block of 7,845 shares (duplicated) crossed the tape at $10.54.

  That was down from the prior block at $12.59 on 6,511 shares a few days ago.

   Business

 IMRA  is developing therapeutics to treat patients suffering from  rare inherited genetic disorders of hemoglobin.

The Company’s product pipeline include IMR-687, which is an oral, once-a-day, potentially disease-modifying treatment for sickle cell disease  and beta-thalassemia. Its IMR-687 is a selective, small molecule inhibitor of phosphodiesterase-9 (PDE9).

  Earnings:

  This year, analysts predict a loss of $3.38 a share.

  For the first quarter, the Street expects a loss of 85 cents a share compared with a loss of $4.31 the prior year. 

Charts:  

  IMRA's daily chart shows the stock peaking recently at $29 in November. However, since then the stock has trended lower.

  It tried to form a bottom near $13. However, it now breaks down with a gap move.

Strategy Opinion: TTD  is targeting IMRA for a decline to $8 within the next few months, or sooner. A protective stop buy can be placed near $10.50.

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. - 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.)