Ticker Tape Digest

Thursday - April 4, 2019

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'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  leo@tickertapedigest.com.   

   For service, email Beverly Owen owen@tickertapedigest.com. TTD’s Tel: 1-480-926-1680.

Thursday - April 4, 2019

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakouts so far today -  5

Quality of Breakouts -  Average

Stocks Screened - 12,234

Bull side -   Some interesting plays for aggressive bulls.

Stock market  -  Market averages bullish in all time sectors.

Comment -  TTD sees market still working higher, although early April tends to be a weak season for bulls.

See Latest Earnings Reports -  A company that tops the Street's highest earnings estimate has potential to go higher. Earnings beats for Thursday - BSET, RPM and STZ.

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

Great Lakes Dredge & Dock Corp. (GLDD) - 9.47, up 0.27 - Breakpoint 9.21

Net To Soar 171% This Year, TTD Targets 12 

   GLDD, based in Oak Brook, Il., provides dredging services around the world. Annual revenues: $621 million. GLDD's stock drives higher Thursday and breaks out from a well-formed, six-week, cup-and-handle base.

  The move carries the stock to a six-year high.

  So far today, GLDD is trading 698,864 shares. Its average daily volume is 540,000 shares.

  TTD sees more on the upside.

  TTD highlighted GLDD as a breakout at our mdisession video show on the Web Thursday.

  The company said it was in the bidding for a $45 million contract from the U.S.

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

  The stock reached an intraday peak at $9.50 around midday. It then trended mostly sideways into the close.

   Tape Action

  GLDD's tape action shows the recent block trades.

  One can see the price for the blocks climbing from $9.15 in the prior session to as high as $9.49 Thursday afternoon.

  A key bullish trade came in the morning when a block of 25,000 shares crossed the tape at $9.39.

  That was up from the prior the day before at $9.20 on 25,181 shares.

   Near the close a block of 18,671 shares (duplicated) crossed the tape at $9.47.

  That came on an uptick in the sequence from $9.46.

   Business

  GLDD around the coasts of the U.S. and also around the world.

It operates in two segments  Its dredging operations, which involves enhancement or preservation of navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand or rock.

The firm's environmental operations provides construction services on soil, water and sediment for clients in both the public and private sectors.

It has interest in Amboy Aggregates, which is involved in mining sand from the entrance channel to New York Harbor for providing sand and aggregate for use in road and building construction, and for clean land fill.

  Charts

  GLDD's 12-month performance chart shows the stock up a sensational 105% versus a gain of 10% for the stock market.

  Insiders were recent buyers using stock options at $3.82 a share. They were sellers at $8.28 to $8.50 a share.

  GLDD's long-term chart shows the stock reaching a peak at $10.07 in early 2013. The stock then trended lower down to #3 by 2016.

  However, after forming a bottom it has since turned and trended higher. It is in position to challenge its all-time high of $10.27 set in 2007.   

  GLDD's daily chart shows the stock forming a classic cu-and-handle base.

  The breakout comes with a pickup in volume.

  The base was formed above the 30-day weighted moving average line.

  That shows the stock is in a strong up trend.

  GLDD's CCI momentum indicator is solidly bullish.

 Earnings Outlook

  This year, analysts are forecasting a 171% surge in net to 46 cents a share from the 17 cents the year before.

  The stock sells with a price-earnings ratio of 20. That is favorable in relation to this year's growth.

  For the upcoming first quarter, the Street is predicting a profit of 7 cents a share compared with a loss of 7 cents the year before.

  Then for the second quarter the Street looks for a profit of 17 cents a share compared with a loss of 2 cents the year before.

  The company has beat the Street estimate the past four quarters by 13 cents a share, 15 cents, one cent and 12 cents. That is impressive.

Strategy Opinion:  TTD is targeting GLDD for a move to $12 within the next few months, or sooner. A protective stop can be placed near

A protective stop can be placed near $8.70.

Intermediate-Term Rating:  Above Average.

Suitability:   Aggressive Bulls.

                                 TTD's special research of  Stock's Prior Performance:  

Probability - Breakout Success - Bullish -  GLDD scored some good gains off some of its recent breakouts. The stock is in a long-term up trend now.

Probability - Earnings Response - Neutral - GLDD rose 4 times after the past 8 earnings reports when there was a significant change in price.

Probability:  Seasonal Success - Slightly Bullish. -  GLDD averaged a gain of 3.8% in April but a loss of 1% in May the past several years. 

           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 Performance Chart with Quarterly Earnings Markers vs. S&P 500

Insider Buying in Green  -  Insider Selling in Red

   Stock's Monthly Seasonal Performance Chart - Past 5 Years

Showing % Months UP and % Change

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 so far today -  2

Stocks Screened - 12,234

Long-Term Environment for bears: Unfavorable.

Bear Side -  Small list of shorts Thursday. Bears be conservative.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

Landec Corp. (LNDC) - 11.37

Cuts Profits Forecast, TTD Sees Drop to 9

  LNDC, based in Santa Clara, Ca., produces health and wellness products for the food and biomaterials markets. Annual revenues: $524 million. LNDC's stock falls sharply Thursday after the company cut its earnings forecast.

  So far today, LNDC is trading a heavy 664,860 shares, six times its average daily volume of 105,000 shares.

  TTD sees more on the downside.

  LNDC said net for the fiscal fourth quarter ending in May should be 12 to 15 cents a share.

  Analysts were expecting 22 cents a share.

  The stock gapped lower and undercut key support. It touched an intraday low of 10.83. It then lifted to around $11.50 and then trended sideways the rest of the day.

    Tape Action

  LNDC's tae action shows the recent block trades.

 One can see the price for the blocks falling from $12.96 in the prior session to as low as $10.05 in after-market trading on Wednesday.

  During Thursday's session a key bearish trade came in the morning when a block of 2,200 shares crossed the tape at $11.33.

  That was down from the prior block trade at $11.55 on 2,000 shares.

  Business

  LNDC  licenses technology to partners. The Company operates through three segments: Packaged Fresh Vegetables, Food Export and Biomaterials.

 The packaged fresh vegetables unit sells whole and fresh-cut fruit and vegetables that use the BreatheWay specialty packaging for the retail grocery, club store and food services industry.

 The food export segment sells fruit and vegetable products primarily to Asia.

 The biomaterials unit sells products utilizing hyaluronan for medical use primarily in the ophthalmic and orthopedic markets.  

 Earnings:

  Net for fiscal 2019 ending in May was expected to be 23 cents a share, down from 41 cents the year before.

  That 2019 forecast will be lowered. For 2020 ending in May, analysts expected a doubling of earnings to 48 cents a share. That forecast could come down too.  

Charts:  

  LNDC's daily chart shows the stock cutting below support with big volume.

  LNDC's 12-month performance chart shows the stock down 18% versus an 8% gain for the stock market.

  Insides were buyers recently around $11 to $12 a share. They also bought using stock options at $6 a share.

  They have not done any recent selling.

Strategy Opinion: TTD is targeting LNDC for a decline to 9 within the next few months or sooner. A protective stop buy can be placed near $12.40.

Suitability:   Aggressive Bears.

  TTD's probability research of Prior Performance:  

Probability - Earnings Response - Bearish.  -  LNDC rose 4 times after the past 9 earnings reports when there was a significant change in price.

Probability:  Seasonal Activity - Bullish - LNDC averaged a gain of 3.6% in April  and a gain of 2.8% in May the past several years.

   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. - 2019

    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 1-480-878-8381 or 480-704-3331

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 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.

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(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.)