Ticker Tape Digest

Thursday - April 8, 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.

Thursday - April 8, 2021

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakouts   -  11

Quality of Breakouts -  Above Average.

Stocks Screened - 12,234

Bull side -  Large list of breakouts with some interesting plays for aggressive bulls.

Stock market  -  Major averages are bullish in all time sectors.

Comment -  Market remains bullish with some good looking breakouts. One needs to be watchful of earnings and forecasts.

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

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

Avantor Inc. (AVTR) - 31.52, up 0.62 - Breakpoint 30.92

Net To Spurt 31% This Year, TTD Targets 38

    AVTR, based in Radnor, Pa., makes chemicals and lab products. Annual revenues: $6.4 billion. AVTR's stock moves higher Thursday and breaks out from its 13-week, flat base.

  AVTR is trading 4.2 million shares. Its average daily volume is 3.5 million shares.

  TTD sees potential for more on the upside.

  TTD highlighted AVTR as a breakout at our midsession video show on the Web. TTD also featured AVTR earlier in the week as a potential breakout.

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

  The stock reached an intraday peak at $31.86 around noon.

  AVTR then drifted back slightly in the afternoon.

  In after-hours trading AVTR was up 36 cents a share.

  Tape Action

  AVTR's tape action shows the recent block trades.

  One can see the price for the blocks rising from $30.90 in the prior session to as high as $31.78 in the early afternoon.

  A key bullish trade came in the morning when a block of 29,760 shares (duplicated) crossed the tape at $3.24.

  That was up from the prior block at $30.90 on a 188,606 shares.

  Near the close, a block of 420,441 shares crossed at $31.52.

  That came on an up tick from the prior trade at $31.51 on 12,100 shares.

    Business

  AVTR produces chemicals and reagents, lab products and supplies and specialized formulated silicone materials.

 It also makes  filtration systems, virus inactivation systems, incubators, analytical instruments, evaporators, ultra-low-temperature freezers, biological safety cabinets and critical environment supplies.

 Charts 

  AVTR's 12-month performance chart shows the stock up 135% versus a 52% gain for the stock market.

  Insiders were buyers at $17.67 to $1.60 using stock options.

  They were sellers at $30.04 to $19.51 a share.

  AVTR's long-term chart shows the stock coming public at $16.82 in June of 2019.

  The stock fell to $6.65 in early 2020 but then turned and rallied aggressively to a peak at $31.52 in early 2021.   

  AVTR's stock put down a flat base late last year and then broke out and got to $30.92.

  The stock then pulled back this year and formed a cup-and-handle base.

 AVTR advanced the past several sessions and now punches out of its base.

  The stock's CCI momentum indicator is strongly bullish.

  Earnings Outlook

  This year, analysts predict a 31% leap in net to $1.17 a share from the 89 cents the prior year.

  The stock has a price-earnings ratio of 25.

  Looking out to 2022, the Street projects a 13% rise in net to $1.32 a share from  the anticipated $1.17 this year.

  Quarterly earnings will be strong.

  Profits for the first quarter should surge 65% to 28 cents a share from  the 17 cents the previous year.

  The highest estimate for the quarter is a 30 cents a share.

  The company beat the Street estimate the past four quarters by 3 cents a share, 3 cents, 5 cents and 2 cents.

  Net for the second quarter should spurt 47% to 28 cents a share from the 19 cents the previous year.

Strategy Opinion:  TTD is targeting AVTR for a move to $38.  A protective stop can be placed near $29.

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  - 1

Stocks Screened - 12,234

Long-Term Environment for bears: Bearish.

Bear Side -  Only one short. Bears be conservative.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

Contextlogic Inc. (WISH) - 14.08

Loss Seen This Year and Next, TTD Sees Drop to 11

  WISH, based in San Francisco, provides a mobile shopping platform. Annual revenues: $2.5 billion. WISH's stock moves lower Thursday and falls below its key technical support.

  So far today, WISH is trading a heavy 8.1 million shares. Its average daily volume is 4.9 million shares.

  TTD sees potential for more on the downside.

  WISH's stock fell in the morning and slipped below its key support.

  The stock touched an intraday low of $13.96 around midday.

  It lifted slightly in the afternoon.

  In after-hours trading, WISH was up 10 cents a share.

  Tape Action

  WISH's tape action shows the recent block trades.

  One can see the price for the blocks declining from $14.78 in the morning to as low as $14 in the afternoon.

  A key bearish trade came in the morning when a block of 30,698 shares crossed the tape at $14.70.

  That was down from the prior block at $14.78 on 34,400 shares.

  Then near the close a massive block of 104,599 shares crossed at $14.08.

  That was down from the prior block at $14.10 on 45,137 shares.

  That was very bearish.

  Business

  WISH  is a mobile electronic commerce company. It provides a shopping platform, which connects merchants' products to users based on user preferences.

Its personalized product feed enables users to discover products to purchase by scrolling through its mobile application and browsing.

The company assists merchants with international compliance, payment processing and user support.

The platform includes a merchant dashboard with analytics to help merchants sell products and track the performance.  

 Earnings:

  This year, analysts predict a loss of 47 cents a share compared with a loss of $5.87 the prior year.

  For the first quarter, the street expects a loss of 17 cents a share. There was no comparable figure.

  Going out to 2022, the Street expects a loss of 14 cents a share.

Charts:  

  WISH's daily chart shows the stock in a down trend from $32 in January to around $15.

  The stock cuts below support and now makes an all-time low. That is bearish.   

Strategy Opinion: TTD  is targeting WISH for a decline to $11 within the next few months, or sooner. A protective stop buy can be placed near $15.10

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.)