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 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 email@example.com.For service, email Beverly Owen firstname.lastname@example.org. TTD’s Tel: 1-480-926-1680.
Total Buy Breakouts so far today - 17
Overall Quality of Breakouts - AVERAGE
Stocks Screened - 8,300
Bull side - Breakout list large with some good looking plays. Bulls be selective. Stock market still pulling back after recent rally.
(Put mouse on Dow chart to see Nasdaq chart)
Long Term Environment for bulls: Neutral
Stock Market Momentum
Market (Daily) - NYSE Bearish, Nasdaq Bearish
Market (Weekly) - NYSE Bearish, Nasdaq Bearish
Market (Monthly) - NYSE Bullish, Nasdaq Bullish
Ticker Tape Digest's
TTD's Quality Rating of Stock - IBP - ABOVE AVERAGE
IBP, based in Columbus, Ohio, installs insulation, garage doors, rain gutters, shower doors and other items. Annual revenues: $616 million. IBP's stock surges higher Thursday and breaks out from a five-week base on strong earnings.
TTD highlighted IBP as a breakout at our midsession video show on the Web Thursday.
So far today, IBP is trading a heavy 522,424 shares, almost four times its average daily volume of 139,000 shares.
The stock spiked higher in the morning off of strong earnings.
The stock reached an intraday high of 31.06 in the morning.
The stock then pulled back slightly and then trended sideways the rest of the day.
IBP reported net for the first quarter rose to 21 cents a share from 4 cents a year ago.
The 21 cents topped the Street estimate of 12 cents a share. That was impressive.
It also topped the highest estimate on the Street of 15 cents a share. That is very bullish.
TTD's clip of the tape shows the recent block trades.
One can see the price for the blocks climbing from $26.58 in the prior session to as high as $30.60.
A key bullish trade came in the morning when a block of 4,590 shares crossed in the morning at $28.50.
That was up from the prior block trade at $26.58 on 15,591 shares.
IBP also produces closet shelving and mirrors, and other products for buildings.
It also sells insulation materials, such as fiberglass insulation, spray foam insulation, and cellulose insulation materials.
The company is involved in the installation of insulation and sealant materials in various areas of a structure.
They include basement and crawl spaces, building envelopes, attics, and acoustical insulations.
The firm's clients include homebuilders, multi-family and commercial builders, individual homeowners, and repair and remodeling contractors.
IBP's 12-month performance chart shows the stock appreciating 35% versus a 2% decline for the stock market.
IBP's long-term chart shows the stock coming public in 2014 at $14.89. The stock pulled back to $10.82 later in the year.
However, IBP's stock trended sharply higher afterwards reaching a peak 29.97 in 2015. The stock then pulled back to 17.60, but then rallied again and on Thursday to its all-time Thursday.
IBP's daily chart shows the stock advancing from 18 in February to a peak near 28 by April.
The stock then put down a flat base above its rising 50-day moving average line
The breakout Thursday comes with a gap move and expanding volume.
The stock's accumulation - distribution line (bottom of chart) is solidly bullish.
This year, analysts have been forecasting 63% leap in net to $1.36 a share from 83 cents a year ago.
That forecast could be lifted. The stock sells with a price-earnings ratio of 21, TTD sees that attractive to value-growth investors.
Going out 2017, the Street projects a 32% jump in net to $1.79 a share from the anticipated $1.36 this year.
Net for the upcoming second quarter is expected to surge 59% to 35 cents a share from 22 cents a year before.
The highest estimate on the Street is at 37 cents a share.
Strategy Opinion: TTD is targeting IBP for a move to 36 off this breakout.
A protective stop can be placed near 27.40.
TTD rates IBP a good intermediate-term play provided earnings meet expectations.
Sponsorship: Good. One of the largest fund buyers recently was the 4-star rated Wasatch Core Growth Fund that purchased 119,768 shares. It has a 2.3% stake.
The largest fund holder is the 4-star rated VA CollegeAmerica Smcap World 529E Fund with a 5.4% stake. It has kept its position steady.
IBP has 31.3 million shares outstanding. Institutions hold 61% of the stock and insiders 21%.
Insider Activity: Bullish. There was some light insider buying at $23 in March. However, TTD's chart shows heavy insider buying taking place over the past few months. (see green bars on performance chart)
Currently, no analysts follow the stock.
IBP has a book value of $3.35 a share.
Stock Performance Chart with Quarterly Earnings Markers.
|TTD's Breakout Profile
Installed Building Products Inc. (IBP)
|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 - CENT - ABOVE AVERAGE|
|TTD's Quality Rating of Stock - IT - AVERAGE|
|TTD's Quality Rating of Stock - TPC - AVERAGE|
|TTD's Quality Rating of Stock - MASI - 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 list of shorts Thursday. Stock market remains in near-term pull back phase after rally.
MTRX, based in Tulsa, Okla., provides engineering, construction, and maintenance services to the oil, gas, power, petrochemical, industries. Annual revenues: $1.3 billion. MTRX's stock falls below key support Thursday after reporting a big drop in net.
So far today, MTRX is trading 1.5 million shares, ten times its average daily volume of 155,000 shares.
MTRX's stock gapped lower in the morning. It fell to a low of 14.50 in the morning. The stock lifted slightly afterwards, faded and then trended sideways.
MTRX's tape shows the recent block trades.
One can see the price for the blocks tumbling from $18.53 to $14.28 during the day.
A key bearish trade came in the morning when a block of 7,700 shares crossed the tape at $14.85.
That was down from the prior block trade at $18.53 on 7,775 shares.
The electrical Infrastructure segment offers construction and maintenance services to various power generation facilities, such as combined cycle plants, natural gas fired power stations, and renewable energy installations.
MTRX reported net for the fiscal second quarter ended in March of 16 cents a share compared with 28 cents a year before.
The 16 cents was well below the 28 cents expected by the Street.
MTRX's daily chart shows the stock falling sharply with heavy volume. The move undercuts key technical support.
Net for the fiscal year ended in June was expected to be up 7%. However, that forecast could be cut.
Strategy Opinion: TTD is targeting MTRX for a drop to 11 within the next few months, or sooner. A protective stop buy can be placed near 15.50.
|TTD's Quality Rating of Stock - MTRX - 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.”
For information to subscribe to the Ticker Tape Digest Services call: Beverly Owen at 1-480-926-1680. Distributed by Corona Publishing Enterprises. Ticker Tape Digest Inc. P.O. Box 2044 Chandler, Az. 85244-2044. TTD “Professional Report” is available on the World Wide Web: $100 per month. Password needed. “TTD Professional“ Faxed is $200 per month. The TTD Daily Report is $39.95. Credit cards accepted.
(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.)