Ticker Tape Digest

Wednesday - March 24, 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 Swng - 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.

Wednesday - March 24, 2021

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakouts   -  1

Quality of Breakouts -  Below Average.

Stocks Screened - 12,234

Bull side -  Only one breakout.

Stock market  -  Market falls sharply and broadly Wednesday.

Comment -  Dow moves slightly lower but the Nasdaq falls sharply. The daily Nasdaq and S&P are now bearish. The break down is very bearish for the overall market.

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

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

Laboratory Corp. of America (LH) - 250.42, up 11.64 - Breakpoint 247.88

Net To Climb Next two Quarters,TTD Targets 280

  LH, based in Burlington, N.C., provides laboratory and drug development services. Annual revenues: $14 billion. LH's stock surges higher and breaks out from its 6-week flat base.

  So far today, LH is trading 1.5 million shares, double its average daily volume of 670,000 shares.

  TTD sees potential for more on the upside.

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

  An investment firm, TF Managers Group LLC raised its stake in LH.

  LH's stock pushes higher in the morning and clears its breakpoint line.

  The stock then trended sideways the rest of the day.

  The ability of LH to hold well against the stock market sell off Wednesday is bullish.

  LH was down $1.69 in after hours trading.

 Tape Action

  LH's tape action shows the recent block trades.

  One can see the price for the blocks climbing from $238.78 in the prior session to as high as 253.36 Wednesday morning.

  A key bullish trade came in the morning when a block of 23,048 shares duplicated crossed the tape at $247.50.

  That was up from the prior block at $238.78 on 57,316 shares in the prior session

  Near the close a massive block of 95,548 shares crossed at $250.42.

  That actually came on an up tick within the sequence from $250.28 on 500 shares.

    Business

 LH provides clinical laboratory and end-to-end drug development services.

The firm is a healthcare diagnostics company.

The Company operates through two segments: LabCorp Diagnostics and Covance Drug Development.

The LCD unit provides specialty testing through a network of primary and specialty labs in the U.S.

The CDD segment offers drug development services.  

   Charts

  LH's 12-month performance chart shows the stock up 110% versus a 55% gain for the stock market.

  Insiders were buyers using stock options at $146 to $98.

  They were sellers at $214 to $241 a share.

  LH's long-term chart shows the stock rising from $97 to a peak at $190 by 2018.

  The stock then pulled back to $119, rallied to $196 and then fell during the 2020 selloff to $98. LH's has since rallied strongly to the $250 area.

  LH's daily chart shows the stock in a flat base.

  Wednesday, LH gaps higher and breaks out from its base with a good pick up in volume.

  The stock's CCI momentum indicator is strongly bullish.

  Earnings Outlook

   This year, LH's earnings are expected to decline 11% to $21.35 a share from the $23.84 the prior year.

   The stock has a price-earnings ratio of 11.

  Although, annual earnings may be down, quarterly results will be strong and could carry the stock higher.

 Net for the first quarter should leap 209% to $7.32 a share from the $2.37 the prior year.

  The highest estimate is at $8.06 a share.

  LH topped the quarterly estimate the past four quarters by $2.51 a share, $3.12 a share, $1.79 a share and 61 cents a share.

  Net for the second quarter should spurt 125% to $5.77 a share from the $2.57 the prior year.

Strategy Opinion:  TTD is targeting LH for a move to $280 within the next few months, or sooner.

A protective stop can be placed near $242.

Intermediate-Term Rating: Below 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

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  - 10

Stocks Screened - 12,234

Long-Term Environment for bears: Unfavorable.

Bear Side -  Large list of shorts. Aggressive bears can be venturesome. Nasdaq looks to be rolling over. That is a big plus for aggressive bears.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

Hycroft Mining Holding Corp.  (HYMC) - 4.96

Loss Seen This Year, TTD Sees Drop to 3.70

  HYMC, based in Denver, is a gold and silver producer. Nil. HYMC's stock gaps sharply lower Wednesday and undercuts key technical support.

  So far today, HYMC is trading a heavy 1.3 million shares, 13 times its average daily volume of 104,000 shares.

  TTD sees more on the downside.

  HYMC's stock cut below key support in the morning.

  The stock worked to an intraday low of $4.89 in the afternoon.

  HYMC then lifted slightly near the close.

  Tape Action

  HYMC's tape action shows the recent block trades.

  One can see the price for the block falling from $7.22 in a prior session to as low as $4.91 in the afternoon.

  A key bearish trade came in the morning when a block of 6,832 shares crossed at $6.25.

  That was down from the prior block at $7.22 on 38,304 shares in a prior session

  Near the close Monday a block of 13,600 shares crossed at $4.91.

  That was down sharply from the prior block at $5.15 on 6,782 shares.

  Business

  HYMC operates the Hycroft mine in  northern Nevada.

 The Hycroft mine has gold and silver deposits with mineral reserves of 18 million gold equivalent 1,2 ounces.

  Earnings:

  This year, analysts predict a loss of 61 cents a share compared with an anticipated loss of $5.75 a share in 2020.

  For the first quarter, HYMC should show a loss of 33 cents a share.

Charts:  

  HYMC's daily chart shows the stock falling sharply and cutting below support with big volume.

  The stock has fallen from $16 last year down $4.90.

Strategy Opinion: TTD  is targeting HYMC for a decline to $3.70 within the next few months, or sooner. A protective stop buy can be placed near $5.40.

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.)