Daily - Go to TTD's     Chart scroller of  Breakout Stocks    - Thursday - May 7, 2020

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Daily - Bullish Investors  - Go To TTD Pre-Market Opening Breakout Watch  List  - Thursday - May 7, 2020

Daily - Bullish Aggressive Investor - Go To TTD Quick Trade Setups (74% win rate) - Thursday - May 7, 2020

Go To Prior Days TTD "Reports"

 

Go to Video Show - "How to Make Money With Breakout Stocks


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Ticker Tape Digest

Thursday - May 7, 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.

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.


Trading Strategies

Bullish

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)


Bearish

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.

Quote or chart

   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 - May 7, 2020

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakouts   -  9

Quality of Breakouts -  Below Average.

Stocks Screened - 12,234

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

Stock market  -  Major averages remain bullish daily. However, the Dow and S&P still bearish weekly and monthly.

Comment -  Stock market has held well and there is potential for a follow through move to the upside.

See Latest Earnings Reports -  A company that tops the Street's highest earnings estimate has potential to go higher. Key earnings beats -  SPAR, AAN, BSIG, CRNC and IRM.

Stock Market Momentum

(Daily is based on a moving average)

Market (Daily)

 Market (Weekly)

 Market (Monthly)  

 Dow - Bullish

 Dow - Bearish

 Dow - Bearish

  Nasdaq - Bullish

  Nasdaq - Bullish

Nasdaq - Bullish

   S&P 500 - Bullish

  S&P 500 - Bearish

  S&P 500 - Bearish


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

RingCentral Inc. (RNG) - 259.70, up 14.66 - Breakpoint 252.55

Net To Rise 12% This Year, TTD Targets 300

      TTD's Quality Rating of Stock - RNG  - ABOVE AVERAGE

  RNG, based in Belmont, Ca., provides software-as-a-service solutions for businesses to support communications. Annual revenues: $903 million. RNG's stock moves sharply higher Thursday and breaks out from its 12-week flat base.

  So far today, RNG is trading 2.1 million shares, about double its average daily volume of 1.1 million shares.

  TTD sees more on the upside. RNG's breakout is most suitable to aggressive bulls.

  RNG's stock cleared its breakpoint in the morning.

  The stock reached an intraday peak of $263.51 in the afternoon.

  The stock held the bulk of its gain to the final bell.

    Tape Action

  RNG's tape action shows the recent block trades.

  One can see the price for the blocks climbing from $250 in the morning to as high as $261 in the afternoon.

  A key bullish trade came in the morning when a block of 5,300 shares crossed the tape at $253.77.

  That was up from the prior block at $250 on 3,014 shares.

  Near the close a block of 45,716 shares crossed at $259.70

  That was up from the prior block at $258.67 on 3,641 shares.

   Business

 RNG's cloud-based business communications solutions provide a single user identity across multiple locations and devices, including smartphones, tablets, personal computers and desk phones.

 It allows for communication across multiple channels, including voice, video, short messaging service and collaboration, conferencing, online meetings and fax.

 The company's products include RingCentral Office, RingCentral Professional, RingCentral Fax, RingCentral Contact Center and RingCentral Glip.

  RingCentral Office is a multi-user, enterprise-grade communications solution.

    Charts

  RNG's 12-month performance chart shows the stock up 120% versus a breakeven for the stock market.

  Insiders were recent buyers using stock options at $17 recently. They were sellers at $232 to $245 a share.

 RNG's long-term chart shows the stock coming public at $18 back in 2013. The stock broke out from its long-term base 2017 and ran up to $100 by September of 2018.

  The stock based again and broke out in early 2019 and climbed to $256 by 2020. It has now broken out again. RNG is one of the bear long-term performers the past several years.

  RNG's daily chart shows the stock climbing to a peak at $252 in February.

  The stock was pulled back, but then rallied and formed a base.

  The breakout Thursday clears resistance and comes with an expansion in volume.

  The stock's CCI momentum indicator is solidly bullish.

   Earnings Outlook

  This year, analysts are forecasting a 12% rise in net to 92 cents a share from the 82 cents the prior year.

  The highest estimate on the Street from 13 analysts is at $1.01 a share.

  The stock sells with a price-earnings ratio of 280. That is very high.

  Looking out to 2021, the Street predicts a 28% jump in net to $1.18 a share from the anticipated 92 cents this year.

  Net for the second quarter is expected to be down 5% to 20 cents a share from 21 cents the prior year.

  Then in the third quarter net should rise 9% to 24 cents a share from the 22 cents previous year.

Strategy Opinion:  TTD is targeting RNG for a move to $300 within the next few months, or sooner.

A protective stop can be placed near $249.

Intermediate-Term Rating: Average.

Suitability:   Very Aggressive Bulls.

                                 TTD's special research of Stock's Prior Performance:  

Breakout Success

Bullish

  RNG scored big gains off recent breakouts.

Response to Net

Bullish

  RNG rose 12 times after 12 earnings reports.

Seasonal Success

Bullish

  RNG avg. gain 8% in May, loss 1% in June prior years.

Earnings Beats

Bullish

  RNG beat Street net estimate 18 times after 18 reports.


           Stock's Prior Performance After A Breakout

Stock's % Change from Breakout to peak - prior  to cut below 50-day M/A.

Date of Breakout

Break point Price

Stocks Price Peak after Breakout - prior to cut below 50-day M/A

  Date Trade Closed

             39%

   1/8/2020      178.16        248.79    2/19/2020

             26%

   2/8/2019        97.28        122.90    6/10/2019

             52%

   3/28/2018        51.71          79    6/5/2018

             26%

   4/25/2017        30.50          38.65    6/23/2017

(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

      TTD's Quality Rating of Stock - FTNT  - AVERAGE

      TTD's Quality Rating of Stock - AUY -  AVERAGE

      TTD's Quality Rating of Stock - TWLO -  BELOW  AVERAGE

      TTD's Quality Rating of Stock - STMP -  BELOW AVERAGE

 


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  - 2

Stocks Screened - 12,234

Long-Term Environment for bears: Unfavorable.

Bear Side -  Small list of shorts. Bears be conservative.


List of Stocks To Sell or Short


TTD’s Feature Bear Play

Embraer SA (ERJ) - 4.86

Loss Seen This Year and Next, TTD Sees Drop to 3.90

    ERJ, based in Brazil, makes executive jets with 70 to 130 seats. Annual revenues: 10.4 million Brazilian Real. ERJ's stock falls sharply Thursday after a deal with Boeing Co. was dropped.

  So far today, ERJ is trading 14.2 million shares, five times its average daily volume of 2.6 million shares.

  TTD sees more on the downside.

  The current national shutdowns are impacting its business.

  ERJ's stock fell in the morning to $4.85. However, the stock rallied back to $5.20.

  Afterwards, though it trended lower touching $4.80 in the afternoon.

    Tape Action

  ERJ's tape action shows the recent block trades.

  One can see the price for the blocks falling from $5.02 in the prior session to as low as $4.82 in the afternoon.

  A key bearish trade came in the morning when a block of 64,167 shares (duplicated) crossed the tape at $4.97.

  That was down from the prior block at $5.02 on 28,593 shares in the prior session.

   Business

  ERJ produces aircraft for commercial and executive aviation and for defense and security.

  The airline business is under pressure because the cut backs in travel and the cash crunch on many airlines.

  Earnings:

  This year, analysts are forecasting ERJ will show a loss of $1.65 a share compared with a loss of $1.18 the prior year.

  Looking out to 2021, the Street predicts a loss of 74 cents a share.   

Charts:  

  ERJ's daily chart shows the stock declining from $20 back in January down to $6 by March.

  The stock tried to form a bottom , but is now breaking down. That is bearish.

  ERJ's 12-month performance chart shows the stock down 74% versus a breakeven for the stock market.

Strategy Opinion: TTD is targeting ERJ for a decline to $3.90. A protective stop buy can be placed near $5.30.

Suitability:  Aggressive Bears.

  TTD's Stock Probability research of Prior Performance:  

Response to Net

Bearish

 ERJ rose 4 times after 15 earnings reports.

Seasonal Success

Bearish

 ERJ loss 7.7% in May, rose 1.3% in June prior years.

Earnings Beats

Bearish

 ERJ beat Street estimate 7 times after 20 reports.


   TTD's Quality Rating of Stock  - ERJ -  BELOW AVERAGE


   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.”

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   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.)