Ticker Tape Digest

Thursday - April 23, 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.

Thursday - April 23, 2020

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakouts   -  9

Quality of Breakouts -  Average.

Stocks Screened - 12,234

Bull side -  Large list of breakouts, but very selective. Aggressive bulls can be venturesome.

Stock market  -  Major daily market averages hold bullish. However, they are still bearish weekly and monthly, except  for the Nasdaq monthly.

Comment -  The stock market is in a consolidation after its "bounce rally." Earnings will be coming in and will have a big impact on market direction.

See Latest Earnings Reports -  A company that tops the Street's highest earnings estimate has potential to go higher. Key earnings beats -  GTLS, AMNB, WST, EWBC, VVV, POOL and HZO.

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

ZOOM Video Communications (ZM) - 169.09, up 18.84 - Breakpoint 161.77

Net To Climb 22% For Fiscal 2021 (Jan.), TTD Targets 205

     ZM, based in San Jose, Ca., provides video-first communication platform and web conferencing services. Annual revenues: $623 million. ZM's stock drives higher Thursday and breaks out from its 5-week, cup-and handle base.

  So far today, ZM is trading 22.2 million shares. Its average daily volume is 15.1 million shares.

  ZM is a leader in the current market. The breakout carries the stock to a new all-time high.

  TTD sees more on the upside.

  ZM is benefiting from the greater use of electronic communications as many people have been unable to go to offices.

    ZM's stock broke out in the morning and climbed to an intraday peak at $169.75 in the afternoon.

   The stock then trended sideways into the final bell.

   Tape Action

  ZM's tape action shows the recent block trades.

  One can see the price for the blocks climbing from $150.25 in the prior session to as high as $169.09 by the close.

  A key bullish trade came in the morning when a block of 88,199 shares (duplicated) crossed the tape at $153.78.

  That was up from the prior block at $150.25 on 583,187 shares in the prior session.

  Near the close a block of 249,762 shares duplicated crossed at $169.09.

 That was up sharply from the prior block at $165.50 on 20,800 shares.

   Business

 ZM offers a cloud-native platform, which unifies cloud video conferencing, online meetings, group messaging and a software-based conference room system.

 The system offers video, audio and screen-sharing across Windows, Mac, Linux, Android, BlackBerry, Zoom Rooms and H.323/Session Initiation Protocol room systems.

  Its security solutions include secure socket layer encryption and role-based access control.

  It offers its solutions to education, finance and government sectors.

Charts

  ZM's 12-month performance chart shows the stock up 165% versus a 5% drop in the stock market.

  ZM insider Janine Pelosi and others were recent buyers using stock options as low as  $3.77 a share. They were sellers at $70 to $119 a share.

  ZM's long-term chart shows the stock came public last year at $65 a share.

  The stock rose to $107 by June of last year. However, it later fell back to $60 later in the year.

 Since then, ZM's stock has surged higher aided by the need for companies to go to video conference work because of concern of the corona virus.

  ZM's daily chart shows the stock surging from $62 in December to a peak around $160 by March.

  The stock put down a cup-and-handle base

  The breakout sends the stock to a new all-time high with a good pick up in volume.

  The stock's CCI momentum indicator is solidly bullish.

   Earnings Outlook

  Net for the fiscal year ending in January of 2021 is projected to rise 23% to 43 cents a share from the 35 cents the prior year.

  That estimate has been moving higher. Currently, 12 analysts follow the stock.

  Looking out to fiscal 2022, the Street is targeting a 31% jump in net to 57 cents a share from  the anticipated 43 cents this fiscal year.

  Profits for the fiscal first quarter ending in April should surge 233% to 10 cents a share from the 3 cents the prior year.

  For the fiscal second quarter, net is expected to be up 38% to 11 cents a share from the 8 cents the prior year.  

Strategy Opinion:  TTD is targeting ZM for a move to $205 within the next few months, or sooner.

A protective stop can be placed near $160.

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  -  4

Stocks Screened - 12,234

Long-Term Environment for bears: Unfavorable.

Bear Side -  Small list of breakouts. Bears be conservative. Stock market in a near-term trading range.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

Invesco Ltd. (IVZ) - 7.24

Net disappoints,TTD Sees Drop to 5.50

  IVZ, based in Atlanta, is an independent investment management company. Annual revenues: $6.1 billion. IIVZ's stock falls sharply Thursday after reporting disappointing earnings.

  So far today, IVZ is trading 42 million shares, six times its average daily volume of 6.8 million shares.

  IVZ's stock cuts below key technical support Thursday with big volume.

  IVZ reported net for the first quarter of 34 cents a share. That was well below the 51 cents a share projected by the Street. The year before the company posted net of 56 cents a share.

   Tape Action

  IVZ's tape action shows the recent block trades.

  One can see the price for the blocks falling from $9.18 in the prior session to as low as $7.24 by the close.

  A key bearish trade came in the morning when a block of 116,760 shares crossed the tape at $8.02

  That was down sharply from the prior block at $9.18 on 254,914 shares the day before.

  Business

 The company provides a range of investment capabilities.

It has a presence in the retail and institutional markets in North America; Europe, Middle East and Africa and Asia-Pacific.

Its Jemstep solution provides wealth management home offices and their advisors with a suite of technology that are customizable and are integrated into existing systems.

 It offers a suite of domestic and global strategies, including traditional and quantitative equities, fixed income and absolute return strategies. 

 Earnings:

  This year, analysts were forecasting a 23% decline in net to $1.96 a share from the $2.55 the prior year. The current annual estimate probably will be lowered.

  For the second quarter this year, analysts predict a 26% drop in net to 48 cents a share from 65 cents the prior year.

Charts:  

  IVZ's daily chart shows the stock trending lower from $19 to $7. The stock had been as high as $42 back in 2015. It has been trending lower.

  IVZ's 12-month performance chart shows the stock down 65% versus a decline of 5% for the stock market. 

Strategy Opinion: TTD  is targeting IVZ for a decline to $5.50 within the next few months. A protective stop buy can be placed near $7.70.

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. - 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.)