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 - 21
Overall Quality of Breakouts - ABOVE AVERAGE
Stocks Screened - 8,300
Bull side - Breakout list large with some good looking plays. Paper and Aerospace stocks breaking out. Stock market holds in up trend.
(Put mouse on Dow chart to see Nasdaq chart)
Long Term Environment for bulls: Neutral
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 - MXL - ABOVE AVERAGE
MXL, based in Carlsbad, Ca., makes integrated, radio-frequency and mixed-signal circuits for broadband communication and data centers. Annual revenues: $300 million. MXL's stock moves higher Wednesday and breaks out from a five-month cup-and-handle base.
The move carries the stock to a new all-time high. That is bullish.
MXL was highlighted by TTD as a potential breakout a few weeks ago.
So far today, MXL is trading a heavy 3.1 million shares, double its average daily volume of 1.2 million shares.
MXL's 10-minute chart shows the stock advancing steadily in the morning.
The stock then cut across the breakpoint line around midday.
The stock then closed near its high for the session. That is bullish.
MXL's tape action shows the recent block trades.
One can see the price for the blocks climbing from $17.13 in the morning to as high as $18.30 by the close.
A key bullish trade came in the morning when a block of 7,350 shares crossed the tape at $17.17
That was up from the prior block trade at $17.13 on 17,844 shares.
Then late in the session a massive block of 48,239 shares crossed at $18.30
That was up from the prior block at $18.25 on 9,099 shares.
So, the tape showed good institutional accumulation.
The company offers RF receivers and RF receiver systems-on-chips to receive and demodulate broadband signals and physical medium devices.
The company's products enable the distribution and display of broadband video and data content in various electronic devices, such as cable and terrestrial and satellite set top boxes.
MXL also offers laser modulator drivers, which delivers the current to the laser diode to operate for a particular application.
MXL's 12-month performance chart shows the stock appreciating 123% the past 12-months versus a 2% decline in the stock market.
MXL's long-term chart shows the stock coming public in 2010 and trading at $17.78. The stock then fell to $4 by 2011.
However, since then MXL has worked higher very aggressively. The push to a new high is bullish.
MXL's daily chart shows the stock forming a saucer base.
Today, it breaks out with a good expansion in volume. That shows good buying interest.
The stock's CCI momentum indicator is bullish.
The accumulation - distribution line (bottom of chart) compliments the price action.
It has hit a new high.
This year, analysts are forecasting a 45% jump in net to $1.37 a share from 94 cents a year ago.
The stock has price-earnings ratio of just 13. TTD sees that as low and attractive for value investors based on this year's net.
Net for the upcoming first quarter should come in at 38 cents a share compared with a loss of 3 cents a year ago.
The 38 cents is the highest estimate on the Street. TTD sees chances for an upside earnings surprise. MXL topped the Street estimate the past two quarters by 4 cents a share and 9 cents.
Looking out to the second quarter, net is expected to leap to 36 cents a share from 10 cents a year ago. That is a big 255% gain.
Projecting out to 2017, the Street is looking for a more modest 5% increase in net to $1.43 a share from the anticipated $1.37 this year.
Strategy Opinion: TTD is targeting MXL for a move to 23 after a breakout.
A protective stop can be placed near 16.70 after a breakout.
TTD rates MXL a good intermediate-term play provided earnings meet expectations.
Sponsorship: Average. One of the largest fund buyers recently was the J Hancock Small Company A Fund which purchased 154,800 shares as a new position. It has a 0.3% stake.
MXL has 55.8 million shares outstanding. Institutions hold 76% of the stock and insiders 7%.
Insider Activity: Slightly Bearish. Just light selling by insiders around $16 a share. Insiders were buyers using options at $4.81 to $5.64 a share.
Currently, 7 analysts follow the stock, all 7 have a buy, down from 8 three months ago.
MXL has a book value of $4.21 a share.
Stock Performance Chart with Quarterly Earnings Markers.
|TTD's Breakout Profile
Maxlinear Inc. - (MXL)
|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 - NVR - ABOVE AVERAGE|
|TTD's Quality Rating of Stock - SHEN - ABOVE AVERAGE|
|TTD's Quality Rating of Stock - SSS - AVERAGE|
|TTD's Quality Rating of Stock - CHTR - BELOW 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 - 5
Stocks Screened - 8,300
Long-Term Environment for bears: Neutral.
Bear Side - Small list of breakdown stocks, but some interesting plays. Bears be conservative.
MNK, based in U.K., makes specialty drugs and nuclear imaging agents around the world. Annual revenues: $3.5 billion. MNK's stock falls sharply Wednesday. The stock received bearish comments from a money manager.
So far today, MNK is trading 18.4 million shares, nine times its average daily volume of 2.3 million shares.
TTD highlighted MNK as a short at our midsession video show on the Web Wednesday.
MNK's stock fell sharply in the morning after a steep drop in the prior session.
MNK touched an intraday low at 50.90. The stock then lifted late in the day after bullish news from the Fed.
MNK's tape action shows the recent block trades.
One can see the price for the blocks declining from $68.97 a few sessions ago to as low as $51.49 Wednesday.
A key bearish trade came when a block of 50,000 shares crossed the tape at $51.49.
That was down sharply from the prior block trade at $59.51 on 46,9874 shares on Tuesday.
The company sells drugs to treat autoimmune and rare diseases, immunotherapy, respiratory problems and the central
Net for the upcoming fiscal second quarter ending March is expected to be up just 2% and then down 1% in the fiscal third quarter ending in June. Overall, profits for the fiscal year ending in September is expected to rise 10% to $8.08 a share from $7.37 a year before.
MNK's daily chart shows the stock cutting below key technical support with expanding volume.
Strategy Opinion: TTD is targeting MNK for a decline to 48 within the next few months, or sooner. A protective stop buy can be placed near 56.
|TTD's Quality Rating of Stock - MNK - 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 Daily Report is $39.95. Credit cards accepted.
(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.)