TTD does not publish this Friday. We resume Monday
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 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 - 21
Overall Quality of Breakouts - ABOVE AVERAGE
Stocks Screened - 8,300
Bull side - Breakout list large with some good looking plays. Paper and Aerospace stocks breaking out. Stock market holds in up trend.
(Put mouse on Dow chart to see Nasdaq chart)
Long Term Environment for bulls: Favorable
Stock Market Momentum
Market (Daily) - NYSE Bullish, Nasdaq Bullish
Market (Weekly) - NYSE Bullish, Nasdaq Bullish
Market (Monthly) - NYSE Bullish, Nasdaq Bullish
Ticker Tape Digest's
TTD's Quality Rating of Stock - QCOR - ABOVE AVERAGE
QCOR, based near Los Angles, is a drug firm providing treatment for auoinmmune and inflammatory disorders. Annual revenues: $891 million. QCOR, a leader in the drug sector, breaks out today from a five-week flat base. The move carries the stock to a new all-time high which is bullish. So far today, QCOR is trading a heavy 3.2 million shares. Its average daily volume is 2.3 million shares.
TTD highlighted QCOR as a potential breakout earlier in the week.
The stock was also spotlighted in TTD's midsession video show on Thursday.
QCOR's 10-minute chart shows the stock streaking higher in the morning and clearing its breakpoint line. the stock hit an intraday high of $90.97 in the morning.
The stock then trended lower the rest of the session as the overall stock market weakened. Nevertheless QCOR held above its breakpoint line.
QCOR's tape action shows the recent block trades.
One can see the price for the blocks rising from $85.77 to as high as $89.46 Thursday morning.
A key bullish trade came in the morning when a block of 25,000 shares crossed the tape at $89.03.
That was up from the prior block at $86.33 on 25,489 shares late on Wednesday.
The company focuses on the treatment of patients with serious, difficult-to-treat autoimmune and inflammatory disorders.
It also provides specialty contract manufacturing services to the global drug and biotechnology industry through its wholly-owned subsidiary, BioVectra Inc.
The Company’s operates through two operating segments Questcor Pharmaceuticals, Inc. and BioVectra, Inc.
Its primary product is H.P. Acthar Gel (repository corticotropin injection), or Acthar, an injectable drug that is approved for the treatment of 19 indications.
QCOR's 12-month performance chart shows the stock appreciating 160% versus 18% for the S&P 500 index.
QCOR's stock traded around 57 cents a share back in 2007. The stock worked its way high and did well during the bear market of 2008. It climbed to a peak of 82 by 2012.
However, later in the year the stock fell sharply sinking to 19 with heavy volume.
Nevertheless, QCOR has made a big comeback climbing to an all-time high of $90.97 today. The stock's push to a new high could draw in more buying on Friday.
QCOR's daily chart shows the stock advancing from 50 back in January to a peak near 85 in early April.
QCOR put down a cup-handle-pattern and today breaks out with a good widening of the daily spread (range from high to low).
That shows there is strong demand for the stock that is capable of pushing the stock's price.
The TTD momentum indicator (top of chart) is solidly bullish.
The accumulation - distribution line (bottom of chart) is in an up trend that compliments the price of the stock. That shows good underlying buying.
Analysts look for QCOR's earnings to surge 50% this year to $7.49 a share from $5.01 a year ago.
The stock sells with a price-earnings ratio of 11.
TTD sees that as reasonable since the rate of earnings growth is expected to slow in 2015.
Analysts expect net for 2015 to rise a modest 6% to $7.91 a share from the anticipated $7.49 this year.
For the upcoming second quarter, they look for profits to leap 51% to $1.93 a share from $1.28 a year ago.
The highest estimate on the Street is at $1.93. The company tends to come in either sharply higher or lower than Street estimates.
So, the earnings report should be watched closely.
Going out to the third quarter, earnings are projected to climb 29% to $2.06 a share from $1.60 the year before.
Strategy Opinion: TTD is targeting QCOR for a run to 110 off this breakout. That is up from our prior target of 100. A protective stop can be placed near 85.
TTD rates QCOR more of a trading play since earnings growth will slow next year.
Sponsorship: Very Good. One of the largest fund buyer recently was the 4-star rated Vanguard Explorer Fund which purchased 310,000 shares. It has a 0.60% stake. Also, the 3-star rated CREF Stock Fund was a recent buyer of 325,159 shares. It is the second largest fund holder with a 2.5% stake.
QCOR has 61 million shares outstanding.
Insider Activity: Bearish. Insiders have been getting stock options at $2 to $12 a share. They have been sellers from $77 to $85 a share. Right now, 5 analysts follow the stock, 3 have a buy, down from 6 three months ago.
Stock Performance Chart with Quarterly Earnings Markers.
|TTD's Breakout Profile
Questcor Pharmaceuticals Inc. - (QCOR)
|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 - CP - ABOVE AVERAGE|
|TTD's Quality Rating of Stock - ROP - AVERAGE|
|TTD's Quality Rating of Stock - TMK - AVERAGE|
|TTD's Quality Rating of Stock - RAI - 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 - 7
Stocks Screened - 8,300
Long-Term Environment for bears: Neutral.
Bear Side - Several interesting short plays for bears. Stock market continues in trading range. Bears can be venturesome.
TSLA, based in Palo Alto, Ca., makes electric cars. Annual revenues: $2 billion. TSLA's stock falls sharply today after the company reported a loss that was greater than expected. So far today, TSLA is trading 17.6 million shares, double its average daily volume of 7 million shares. TTD sees more on the downside.
TTD highlighted TSLA as a short at our midsession video show on the Web Thursday.
The company reported a loss for the first quarter equal to 16 cents a share. The Street was expecting a loss of only 10 cents a share.
The stock reacted very bearishly to the news.
TSLA's stock declined sharply in the morning hitting an intraday low of 178. It rallied briefly to get back to 194.
However, in the afternoon, the stock continued to work lower.
TSLA's tape action shows the recent block trades.
One can see the price for the blocks declining from $209.64 on 38,360 shares in the prior session to $187.21 on 17,777 shares on Thursday.
TSLA makes high-performance fully electric vehicles and advanced electric vehicle powertrain components.
It owns its sales and service network. It plans to develop and launch advanced electric vehicles and technologies.
The company also missed on its revenue estimate. It said the loss was due to costs to accelerate the development of a new crossover car.
This year, analysts are forecasting a profit of $1.16 a share compared with 17 cents a year ago. The earnings miss for the first quarter was the first in several quarters.
TSLA's daily chart shows the stock peaking at $265. It then pulled back to around 200. Today it cuts below key support. The stock's accumulation - distribution line (bottom of chart) is in a down trend showing clear selling pressure.
Strategy Opinion: TTD is targeting TSLA for a decline to 150. A protective stop buy can be placed near 188.
|TTD's Quality Rating of Stock - TSLA - 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: B. J. 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.)