Ticker Tape Digest

Friday - March 12, 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 12, 2021

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakouts   -  6

Quality of Breakouts -  Average.

Stocks Screened - 12,234

Bull side -  Small list of breakouts and very selective.

Stock market  - Major averages are bullish in all time sectors, except for the daily Nasdaq which is bearish.

Comment -  Breakout list selective. Bulls be conservative. The Dow is working higher, but the Nasdq is trending lower. That is a potential warning sign of a market top with a divergence.

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

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

Ashland Global Holdings Inc. (ASH) - 90.68, up 2.52 - Breakpoint 89.28

Net To Soar 84% in Fiscal 2021 (Sept.), TTD Targets 108

  ASH, based in Wilmington, Del., is a global chemical firm. Annual revenues: $2.3 billion. ASH's stock spurts higher Friday and breaks out from its 10-week, flat base.

  So far today, ASH is trading 403,143 shares. Its average daily volume is 536,000 shares.

  TTD sees good chances for a move higher.

   In after-hours trading Friday, ASH was up $5.32. That is impressive.

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

  ASH's stock pushed higher in the morning and cleared its breakpoint line.

  It reached a peak in the morning at $90.78.

  The stock pulled back slightly and trended sideways around $90.

   In the late afternoon, the stock lifted to $90.68.

   Tape Action

   ASH's tape action shows the recent block trades.

  One can see the price for the blocks climbing from $88.16 in the prior session to as high as $90.68 near the close.

   A key bullish trade came in the morning when a block of 2,052 shares crossed the tape at $88.57.

  That was up from the prior block at $88.16 on 38,804 shares late on Thursday.

  Near the close a massive block of 62,432 shares crossed the tape at $90.68.

  That was in a sequence started by a move higher from a block of 900 shares at $90.60.

   Business

  ASH is a global specialty chemicals firm.

 The company operates through two segments: Specialty ingredients, and intermediates and solvents.

The specialty Ingredients provides cellulose ethers, vinyl pyrrolidones and biofunctionals for consumer and industrial applications, including personal care, pharmaceutical, health and wellness, food and beverage, coatings and energy.

In addition, the firm offers chemical technologies in gelcoats, coatings, and intermediates and solvents.

   Charts

   ASH's 12-month performance chart shows the stock up 70% versus a 35% gain for the stock market.  

   Insiders were buyers using stock options at $79 to $27 a share. They were buyers in the open market at $77.

   They were sellers at $82 to $70 a share.

   ASH's long-term chart shows the stock climbing from $43 in 2016 to a peak at $86 by 2018.

   The stock then eventually fell back to $40 in early 2020 when the market sold off.

  ASH has since rallied aggressively to its peak at $90.68.

  ASH's daily chart shows the stock advancing from $70 in November to a peak at $89 in January.

  The stock then formed a flat base with one shakeout to the downside.

  ASH's breakout clears the base.

  The stock's CCI momentum indicator is solidly bullish.

   Earnings Outlook

  This fiscal year ending in September analysts predict an 84% leap in net to $5.15 a share from the $2.80 the prior year.

  The stock has a price-earnings ratio of 17. TTD sees that as attractive for value investors.

  Looking out to 2022 ending in September, net is expected to rise 15% to $5.90 a share from the anticipated $5.15 this fiscal year.

  Quarterly earnings will be strong.

  Net for the fiscal second quarter ending in March should spurt 62% to $1.36 a share from  the 84 cents a share the prior year.

  The highest estimate on the Street is at $1.41 a share.

  The company beat the consensus estimate the past two quarters by 22 cents a share and 20 cents.

  For the fiscal third quarter ending in June, analysts predict a 65% spurt in net to $1.39 a share from the 84 cents the prior year.

Strategy Opinion:  TTD is targeting ASH for a move to $108 within the next few months, or sooner.

A protective stop can be placed near $85.

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 -  Just two shorts Friday. Bears be conservative.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

GoodRx Holdings Inc. (GDRX) - 39.05

Net to Fall 6% This Year, TTD Sees Drop to 32

  GDRX, based in Santa Monica, Ca., operates a pricing platform for prescriptions. Annual revenues: $388 million. GDRX's stock moves sharply lower Friday and undercuts key technical support.

  So far today, GDRX is trading a heavy 8.2 million shares, five times its average daily volume 1.7 million shares.

  TTD sees more on the downside.

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

  It touched an intraday low of $37.72. The stock then rallied back to around $39.87 in the early afternoon.

  The stock then drifted a bit lower in the afternoon.

  In after-hours trading, GDRX was down 5 cents a share.

  Tape Action

  GDRX's tape action shows the recent block trades.

  One can see the price for the blocks falling from $43.59 in the prior session to as low as $37.97 in the morning.

  A key bearish trade came in the morning when a block of 49,293 shares crossed at $40.75.

  That was down sharply from the prior block at $43.59 on 15,031.

  Business

 GDRX provides price comparison tool for prescriptions. Its GoodRx platform analyzes pricing data from  different sources.

Its platform provides access to medication savings programs, medical provider consultations and lab tests .

 The company's prescription offering provides price comparisons and negotiated prices on prescriptions.

  Earnings:

  This year, analysts expect a 6% decline in net to 32 cents a share from the 34 cents the prior year.

  The lowest estimate on the Street is at 28 cents a share.

  Net for the first quarter is expected to come in at 7 cents a share. There was no comparison available.

Charts:  

  GDRX daily chart shows the stock breaking down with volume from a head-and should topping pattern.

  The drop came on big volume.

  GDRX's came public at $46 in September. The stock topped out at $64 in September and now is working toward an all-time low.

Strategy Opinion: TTD  is targeting GDRX for a decline to $32 within the next few months, or sooner. A protective stop buy can be placed near $42.

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.)