Ticker Tape Digest

Monday - March 8, 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-Swing 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 70% 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 - March 8, 2021

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakouts   -  14

Quality of Breakouts -  Average.

Stocks Screened - 12,234

Bull side -  Large list of breakouts with some interesting plays.

Stock market  -  Major daily averages move lower, except for the daily Dow.  Also the weekly, Nasdaq has now turned bearish.

Comment -  Bulls need to be conservative as daily Nasdaq and S&P are now trending lower.

See Latest Earnings Reports -  A company that tops the Street's highest earnings estimate has potential to go higher. Key earnings beats -  RDNT, MGIC, CLAR, ATCO and BNFT.

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

Brunswick Corp. (BC) - 95.74, up 2.64 - Breakpoint 94.47

Net To Climb 25% This Year, TTD Targets 120

    BC, based in Mettawa, Il., makes recreation products such as boats and marine engines. Annual revenues: $4.3 billion. BC's stock moves higher Monday Friday and breaks out from its 8-weel flat base.

  So far today, BC is trading 835,681 shares. Its average daily volume is 643,000 shares.

  TTD sees potential for more on the upside.

  In after hours trading, the stock was unchanged.

  TTD highlighted BC as a breakout at our midsession video show on the web.

  BC's stock moved higher in the morning and cleared its breakpoint line.

  The stock reached an intraday high of $99 in the morning.

  The stock later drifted back in the afternoon.

  It lifted slightly near the close.

  Tape Action

  BC's tape action shows the recent block trades.

  One can see the price for the blocks climbing from  $93.10 in the prior session to as high as $98.53 Monday morning.

  A key bullish trade came in the morning when a block of 4,950 shares (duplicated) crossed the tape at $93.99..

  That was up from  the prior block at $93.10 on 35,976 shares in the prior session.

  Near the close a massive block of 33,474 shares crossed at $95.74.

  That came on an up tick from the prior trade at $95.73 on 300 shares.

   Business

 BC makes marine engines and boats.

They cover outboard, sterndrive and inboard engines; trolling motors; propellers; engine control systems; and marine parts.

Its boat offerings include: fiberglass pleasure boats; yachts and sport yachts; sport cruisers and sport boats and offshore fishing boats.

 BC also sells to the United States government and state, local and foreign governments.  

  Charts

  BC's 12-month performance chart shows the stock up 120% versus a 35% gain for the stock market.

  BC's insider were recent sellers at $91. They have not done any buying, but have received stock options.

  BC's long-term chart shows the stock climbing from $29 back in 2013 to a peak at $69 in 2018.

  The stock then fell back to $26 in early 2020 as the stock market declined. Since then BC has surged back to $95 - a big move.

  BC's daily chart shows the stock rising from $60 to $04 by January.

  The stock put down a tight flat base.

  The breakout comes with a pick up in volume and a widening of the day spread.

  The stock's CCI momentum indicator is solidly bullish.

  Earnings Outlook

  This year, analysts forecast a 25% rise in net to $6.36 a share from  the $5.07the prior year.

  The stock has a price-earnings ratio of 15. TTD sees that as attractive for value investors.

  Looking out to 2022, the Street predicts a 13%  rise in net to $7.17 a share from the anticipated $6.36 this year.

  Quarterly earnings growth will accelerate. That is bullish.

  Net for the first quarter should climb 51% to $1.45 a share from  the 96 cents the prior year.

  The highest estimate on the Street is at $1.56 a share.

  TTD sees good chances for an earnings beat. BC topped the consensus the past four quarters by 30 cents a share, 44 cents, 56 cents, and 9 cents..

  Going out to the second quarter, the Street predicts an 81% spurt in net to $1.79 a share from  the 99 cents the previous year.

Strategy Opinion:  TTD targets BC for a move to $120 within the next few months, or sooner.

A protective stop can be placed near $90.

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  - 2

Stocks Screened - 12,234

Long-Term Environment for bears: Unfavorable.

Bear Side -  Stock market mixed with blue chips up and Nasdaq down. Aggressive bears can be venturesome.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

Doordash Inc.  (DASH) - 133.41

Loss Seen This Year and Next, TTD Sees Drop to 115

  DASH, based in San Francisco, operates logistics platform, DoorDash. It connects merchants, consumers and dashers. Annual revenues:$885 million. DASH's stock falls sharply Monday and undercuts key technical suppoart with big volume.

  So far today, DASH is trading a heavy 6.9 million shares, double its average daily volume of 3.5 million shares.

  TTD sees potential for more on the downside.

  DASH's stock moved lower in the morning.

  In the early afternoon, the stock cut below key support.

  It then trended lower touching its low for the day of $130.03.

  In after-hours trading, DASH was down 26 cents a share.

  Tape Action

  DASH's tape action shows the recent block trades.

  One can see the price for the blocks falling from $151.48 in the prior session to as low as $130.33 in the afternoon.

  A key bearish trade came in the morning when a block of 26,124 shares (duplicated) crossed the tape at $146.41.

  That was down from the prior block at $151.48 on 30,914 shares.

  Business

  DASH  offers pickup that allows consumers to place advance orders, skip lines and pick up their orders.

  DoorDash for Work provides merchants with group orders and catering orders for businesses and events.

 DoorDash handles payment acceptance from consumers through a third party payment processor that manages credit card transactions.

  Earnings:

  This year, analysts predict a loss of 83 cents a share compared with a loss of $7.39 a share the prior year.

  For the upcoming first quarter, the Street expects a loss of 23 cents a share. There was no comparison.

  Looking out to 2022, the Street predicts a loss of 54 cents a share compared with a loss expected for this year of 83 cents a share.

Charts:  

  DASH's daily chart shows the stock falling from $226 in February to $133. That is a steep drop.

  The stock's three-month performance chart shows the stock down 25% versus a 5% gain for the stock market.

  Insider activity was not available.

Strategy Opinion: TTD  is targeting DASH for a decline to $115 within the next few months, or sooner. A protective stop buy can be placed near $138

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.)