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 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 - 4
Overall Quality of Breakouts - BELOW AVERAGE
Stocks Screened - 8,300
Bull side - Breakout list small. Bulls be conservative and patient. Stock market is in major pull back and still vulnerable to ore on the downside.
(Put mouse on Dow chart to see Nasdaq chart)
Long Term Environment for bulls: Favorable
Stock Market Momentum
Market (Daily) - NYSE Bearish, Nasdaq Bearish
Market (Weekly) - NYSE Bullish, Nasdaq Bearish
Market (Monthly) - NYSE Bullish, Nasdaq Bearish
Ticker Tape Digest's
TTD's Quality Rating of Stock - WPT - AVERAGE
WPT, based in St. Louis, operates terminals storing fuels. Annual revenues: $84 million. WPT breaks out today from a nine-week, flat base. The move carries the stock to a new all-time high. So far today, WPT is trading a heavy 176,948 shares, eight time its average daily volume of 19,000 shares.
TTD highlighted WPT as a breakout at our midsession video show on the Web Monday.
There were very few breakouts as the stock market fell sharply for the second straight session.
WPT's stock shot higher in the morning hitting an intraday peak of 23.70. (See 10-minute chart.
The stock then faded back but held above its breakpoint line.
WPT then trended sideways the rest of the session.
WPT's tape action shows the recent block trades.
One an see the price for the blocks climbing from $20.65 a few sessions ago to as high as $22.45 in the morning.
A key bullish trade came in the morning when a block of 4,100 shares crossed the tape at $22.10. That was up from the prior block trade at $20.80.
WPT operates terminals for storage of light refined products, heavy refined products and crude oil.
The company's storage terminals are on the East Coast, Gulf Coast and Midwest regions of the United States.
It provides terminaling and storage of light refined products, such as gasoline, distillates and jet fuels; heavy refined products, such as residual fuel oils and liquid asphalt, and crude oil.
WPT's 9-month performance chart shows the stock appreciating 11% versus a 10% gain for the S&P 500 index.
WPT's stock came public last year and traded around 19. The stock fell back to 17 late last year. However, since then the stock has worked higher. The push to a new high with volume could bring in more buying on Tuesday.
WPT's daily chart shows the stock advancing from 18 in December up to 22 by February.
The stock then put down a tight flat base. WPT moved higher in the prior session advancing despite a big drop in the stock market.
Monday, it does the same. The breakout comes with a good pickup in volume and a widening of the daily trading spread. Both are positives.
The stock's accumulation - distribution line (top of chart) is strongly bullish.
The accumulation - distribution line (bottom of chart) has been working higher showing there is good underlying buying.
This year, analysts are forecasting earnings at $1.11 a share. There were no results from a year ago.
The stock sells with a price-earnings ratio of 20.
Going out to 2015, the Street is looking for an 11% gain in net to $1.23 a share from the anticipated $1.11 this year.
Net for the upcoming first quarter should leap 37% to 27 cents a share from 20 cents a year ago.
The highest estimate on the Street is at 29 cents a share. TTD sees chances for a modest upside surprise. In the prior quarter, WPT topped the consensus estimate by 2 cents a share, or by 8%.
Net for the second quarter should come in at 27 cents a share. There was no comparable figures from a year ago.
Strategy Opinion; WPT is a thinly traded issue. So, the stock is most suitable for an aggressive investors. TTD is targeting WPT for a move to 27 off this breakout. A protective stop can be placed near 20.
TTD rates WPT more of a trading play unless the earning outlook for next year is lifted.
Sponsorship: Average. The largest fund holder is Clearbridge Energy MLP Tr. Fund with a 1.8% stake. It has a 1.8% stake. A key buyer recently was the 4-star rated Westwood Small Cap Value Institutional Fund which purchased 3,200 shares.
WPT's stock is 93% owned by institutions.
Insider Activity: Bullish. Insiders were recent buyers around $20. They have done no selling. Currently, 3 analysts follow the stock, and all 3 have a strong buy, the same sentiment as three months ago.
Stock Performance Chart with Quarterly Earnings Markers.
|TTD's Breakout Profile
World Point Terminals LP - (WPT)
|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 - SPG - AVERAGE|
|TTD's Quality Rating of Stock - EQR - AVERAGE|
|TTD's Quality Rating of Stock - USAK - 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 - 20 - Max
Stocks Screened - 8,300
Long-Term Environment for bears: Neutral.
Bear Side - Large number of shorts as market falls for second straight session. Bears be selective.
MELI, based in Buenos Aires, Argentina, provides an online service platform. Annual revenues: $473 million. MELI's stock falls sharply for the second day in a row. the move causes the stock to cut below key technical support. So far today, MELI is trading a heavy 1.7 million shares, almost triple its average daily volume of 618,000 shares. TTD sees more on the downside.
TTD highlighted MELI as a short at our midsession video show on the Web Monday.
MELI's stock fell steadily during the day an into the afternoon where it hit an intraday low of 83.53. The stock then trended sideways into the final bell.
MELI's tape action shows the recent block trades.
One can see the price for the blocks falling from $96.90 a few sessions ago to as low as $84.67 on Monday.
A key bearish trade came in the morning when a block of 10,600 shares crossed the tape at $87.30.
That was down sharply from the prior block trade at $89.
MELI is the largest online trading platform in Latin America. It provides e-commerce in Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Uruguay and Venezuela.
The company provides buyers and sellers an online trading environment.
This year, analysts are forecasting a 1% decline in MELI's earnings to $2.75 a share from $2.79 a year ago. Earnings for the first quarter should rise 10% and then in the second quarter just 1%.
MELI's daily chart shows the stock cutting below key technical support with volume expanding. Its accumulation - distribution line (bottom of chart) is in a down trend indicating clear selling pressure.
Strategy Opinion: TTD is targeting MELI for a decline to 76 within the next few months, or sooner. A protective stop buy can be placed near 86.50.
|TTD's Quality Rating of Stock - MELI - 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.”
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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.)