Ticker Tape Digest

Wednesday - April 21, 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 - April 21, 2021

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakouts   -  14

Quality of Breakouts -  Average.

Stocks Screened - 12,234

Bull side -  Large list of breakouts with some good looking plays.

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

Comment -  Large list of breakouts, but very selective. Earnings will now be pouring. So. one needs to be alert.

See Latest Earnings Reports -  A company that tops the Street's highest earnings estimate has potential to go higher. Key earnings beats -  None.

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

Intuitive Surgical Inc. (ISRG) - 891.38, up 80.27 - Breakpoint 827.41

Net To Climb 20% This Year, TTD Targets 1300

  ISRG, based in Sunnyvale, Ca., makes medical products such as the  da Vinci surgical system . Annual revenues: $4.4 billion. ISRG's stock drives sharply higher Wednesday sparked by better-than-expected earnings.

  So far today, ISRG is trading 2.1 million shares, four times its average daily volume of 458,000 shares.

  TTD sees potential for more on the upside even though ISRG is extended off the breakout.

  ISRG reported net for the first quarter of $3.52 a share versus the Street estimate of $2.66 a share.

  TTD sees potential for more on the upside for ISRG's stock.

  TTD highlighted ISRG as a breakout at our midsession video show on the Web Wednesday.

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

  The stock reached a peak at $891 in the morning.

  The stock then moved mostly sideways the rest of the day with a slight bias to the upside.

  In after-hours trading, ISRG was down $1.40 a share.

  Tape Action

  ISRG's tape action shows the recent block trades.

 One can see the price for the blocks climbing from $811 in the prior session to as high as $892 in the afternoon.  

  A key bullish trade came in the morning when a block of 20,968 shares crossed at $840.92 a share.

  That was up from the prior block at $811.11 on 91,898 shares.

  Near the close a big block of 79,396 shares crossed at $891.38 (duplicated).

  That came on up tick from the prior trade at 891.37 on 100 shares.

    Business

 ISRG makes the da Vinci surgical system and Ion endoluminal system.

 The company's da Vinci products are offered in categories, including da Vinci Surgical Systems, da Vinci instruments, da Vinci Stapling, da Vinci Energy, and da Vinci Vision.

It also provides a suite of services, training, and education programs. It manufactures a set of instruments, which incorporates EndoWrist technology with wristed joints for natural dexterity and tips customized for various surgical procedures.

  Charts

  ISRG's 12-month performance chart shows the stock up 80% versus a 50% gain for the stock market.

  Insiders were recent buyers using stock options at $148 to $172 a share.

  They were sellers at $168 to $800.

  ISRG's long-term chart shows the stock climbing from $167 to a peak near $581 by 2018.

 The stock then formed a flat base. ISRG broke out in 2020 and has since surged to a new all-time high at $893. 

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

  The stock finished the day near the high of its session.

  That is very bullish.

 However, ISRG is extended near-term

  The stock's CCI momentum indicator is strongly bullish.

  Earnings Outlook

 This year, analysts have been forecasting a 20% increased in net to $12.22 a share from the $10.16 the prior year.

  With the strong quarter, analysts will be raising their estimates.

  Looking out to 2022, the Street has been forecasting a 21% rise in net to $14.81 a share from the current estimate of $12.22 a share.

  Net for the second quarter is projected to surge 157% to $2.85 a share from the $1.11 the prior year.

  The highest estimate on the Street is at $2.98 a share.

  Going out to the third quarter, analysts predict a 14% gain in net to $3.16 a share from the $2.77 the previous year.   

Strategy Opinion:  TTD is targeting ISRG for a move to 1300 within the next few months, or sooner.

A protective stop can be placed near $825.

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  - 1

Stocks Screened - 12,234

Long-Term Environment for bears: Unfavorable.

Bear Side -  Only one short as stock market bounces back strongly. Bears be conservative.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

Lions Gate Entertainment Corp. (LGF.A) - 14.68

Net to Fall Next Two Quarters, TTD Sees Drop to 12

  LGF.A, based in Santa Monica, Ca., produces films and television programs. Annual revenues: $3.9 billion. LGF.A's stock declines Wednesday and undercuts key technical support with big volume.

  So far today, LGF.A is trading 1.5 million shares, double its average daily volume of 771,000 shares.

  TTD sees potential for more on the downside.

  LGF.A's stock gapped lower in the morning and undercut key support.

  It touched an intraday low of $14.17. However, the stock worked back to a $14.88 by mid-afternoon.

  Then near the close it shot up to $15.63, but then fell back to $14.82.

  LGF.A was up 14 cents a share in after-hours trading.

   Tape Action

  LGF.A's tape action shows the price for the blocks falling from $15.85 in the prior session to as low as $14.23 in the morning.

  A key bearish trade came in the morning when a block of 37,588 shares (duplicated) crossed the tape at $14.54.

  That was down from the prior block in the previous session at $15.85 on 80,989 shares.

   Business  

  LGF.A makes  motion pictures, television programs and provides international distribution and sales.

  The company operates through two segments: Motion pictures and television production.

 LGF.A  makes feature films, theatrical, home entertainment and television products.

 Earnings:

  Net for the fiscal year ending in March, the Street expects a profit of 89 cents a share, up 59% from the prior year's 56 cents a share.

  However, for the fiscal fourth quarter ending in March, the Street predicts a loss of 8 cents a share compared with a profit of 21 cents the prior year.

  Looking out to fiscal 2022 ending in March, the Street predicts a 15% drop in net to 76 cents a share from the anticipated 89 cents for fiscal 2021.

  Net for the fiscal firs quarter ending in June is expected to fall 90% to 4 cents a share from the 39 cents the previous year.

Charts:  

  LGF.A's daily chart shows the stock gapping lower from a head-and-shoulder top.

Strategy Opinion: TTD  is targeting LGF.A for a decline to $12 within the next few months, or sooner. A protective stop buy can be placed near $15.70.

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.

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  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.)