Ticker Tape Digest

Wednesday - April 15, 2020

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: 1-480-878-8381 or 480-704-3331.

Wednesday - April 15, 2020

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakouts Wednesday  -  5

Quality of Breakouts -  Above Average.

Stocks Screened - 12,234

Bull side -  Small list of breakouts but some interesting plays for aggressive bulls.

Stock market  -  Market bullish daily and Nasdaq monthly. Weekly still is bearish.

Comment -  Market has rallied back about half of its bear market loss. It may need to consolidate. A lot will depend on the inflow of coming earnings. Bulls be alert.

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

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

Zynga Inc. (ZNGA) - 7.45, up 0.23 - Breakpoint 7.29

Net To Soar This Year, TTD Targets 9.20

  ZNGA, based in San Francisco, produces social games and social networking via the web. Annual revenues: $1.3 billion. ZNGA's stock pushes higher Wednesday and breaks out from its nine-week, cup-and-handle base.

  So far today, ZNGA is trading 18.6 million shares. Its average daily volume is 21.6 million shares.

  TTD sees more on the upside with this aggressive bullish play.

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

  The stock reached a peak at $7.49 in the morning. It then trended sideways.

  Then in the late afternoon, the stock worked a bit higher.

  In after-hours trading, ZNGA was up 0.13.

   Tape Action

  ZNGA's tape action shows the recent block trades.

  One can see the price for the blocks climbing  from $7.15 in the morning to as high as $7.47 in the afternoon.

  A key bullish trade came in the morning when a block of 69,137 shares crossed the tape at $7.21.

  That was up from the prior block at $7.15 on 162,371 shares (duplicated).

  Near the close a block of 1.1 million shares crossed at $7.45 (duplicated).

  That came on a slight down tick from the prior trade at $7.46 on 100 shares.

   Business

  ZNGA provides social game on the internet.

The company operates social games as live services played on mobile platforms, such as iPhone and Android operating system and social networking sites, such as Facebook.

ZNGA the social games include Slots, Words With Friends, Zynga Poker and FarmVille franchises.

It analyzes the data generated by its players' game play and social interactions to guide new features.

  ZNGA makes money from subscriptions, and VIP membership and ads.

  Charts

  ZNGA's 12-month performance chart shows the stock up 38% versus a 3% decline in the stock market.

  ZNGA insiders were recent buyers using stock options at $2.80 to $5.37 a share. They were sellers at $6 to $7.13 a share.

  ZNGA's long-term chart shows the stock spiking to an all-time high of $15.91 back in 2012.

  The stock fell back quickly and then went into a long-term trading range. The stock started to work higher in 2017. It has now reached a multi-year high.   

  ZNGA's daily chart shows the stock breaking out from its cup-and-handle base.

  The push through upside resistance near $7.30 is very bullish.

  The stock's CCI momentum indicator (bottom of chart) is strongly bullish.

  Earnings Outlook

  This year, earnings should soar to 23 cents a share from the one cent a share in the prior year.

  The company could be benefiting from people staying home due to virus concerns.

  Looking out to 2021, the Street predicts a 31% gain in net to 30 cents a share from the anticipated 23 cents this year.

  For the upcoming first quarter, analysts predict a profit of 5 cents a share compared with a loss of 12 cents the prior year.

  Ten analysts follow the stock.

Strategy Opinion: TTD is targeting ZNGA for a move to $9.20 within the next few months, or sooner.

A protective stop can be placed near $7.

Intermediate-Term Rating: Average.

Suitability:   Aggressive 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  - 5

Stocks Screened - 12,234

Long-Term Environment for bears: Neutral.

Bear Side -  Small list of breakdown stocks, but some interesting plays for aggressive bears.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

Olympic Steel Inc.  (ZEUS) - 8.29

Loss Seen This Year, TTD Sees Drop to 6.40

  ZEUS, based in Bedford Heights, Ohio, produces metals. Annual revenues: $1.6 billion. ZEUS falls sharply Wednesday and undercuts key technical support. TTD sees more on the downside.

  So far today, ZEUS is trading a heavy 157,400 shares, more than double its average daily volume of 60.000 shares.

  ZEUS's stock has been in a down trend since topping at $18 earlier this year.

  Wednesday, the stock moved lower in the morning and undercut support in the early afternoon.

  It closed near its low for the session. That is bearish.

  Tape Action

  ZEUS's tape action shows the recent block trades.

  One can see the price for the blocks falling from $9.42 in the prior session to as low as $8.29 by the close.

  A key bearish trade came in the morning when a block of 23,300 shares crossed the tape at $9.07.

  That was down from the prior block at $9.42 on 3,344 shares Tuesday.

  Business

 ZEUS produces carbon flat products, specialty metals flat products, and tubular and pipe products.

 The company's carbon flat products segment's focus is on the direct sale and distribution of large volumes of processed carbon and coated flat-rolled sheet, coil and plate products and fabricated parts.

The firm's specialty metals covers aluminum and stainless flat-rolled sheet and coil products, flat bar products and fabricated parts.

  Earnings:

  This year, analysts forecast a loss of 5 cents a share compared with a profit of 34 cents the prior year.

  For the upcoming first quarter, they see a 78% drop in net to 4 cents a share from 18 cents the previous year.

Charts:  

  ZEUS's daily chart shows the stock trending lower and then cutting below support with big volume.

  ZEUS's 12-month performance chart shows the stock down 45% versus 3% decline for the stock market.

  Insiders were buyers earlier this year at $12.25 to $9.56 in the open market. They have not done any selling.

Strategy Opinion: TTD  is targeting ZEUS for a decline to $6.40. A protective stop buy can be placed near $9

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. - 2020

    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.

   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.)