Daily - Go to TTD's     Chart scroller of  Breakout Stocks    - Friday - May 8, 2020

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Daily - Bullish Investors  - Go To TTD Pre-Market Opening Breakout Watch  List  - Friday - May 8, 2020

Daily - Bullish Aggressive Investor - Go To TTD Quick Trade Setups (74% win rate) - Friday - May 8, 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

Friday - May 8, 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.


Friday - May 8, 2020

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakouts   -  10

Quality of Breakouts -  Below Average.

Stocks Screened - 12,234

Bull side -  Large list of breakouts but extremely selective. Bulls be conservative.

Stock market  -  Major averages are bullish daily. Dow bearish weekly and monthly. S&P Weekly still bearish.

Comment -  Stock market poised for potential follow through on the upside. Nasdaq is acting strong now.

See Latest Earnings Reports -  A company that tops the Street's highest earnings estimate has potential to go higher. Key earnings beats -  HSC, UI, DXPE, NBL and CARR.

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 - Bullish


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

Kinsale Capital Group (KNSL) - 135.64, up 4.24 - Breakpoint 132.78

Net To Climb 9% This Year, TTD Targets 155

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

    KNSL, based in Richmond, Va., is a specialty insurance company covering a variety of lines such as casualty and construction. Annual revenues: $316 million. KNSL's stock moves higher Friday and breaks out from its 10-week, cup-and-handle base.

  So far today, KNSL is trading a light 149,288 shares. Its average daily volume is 209,000 shares.

  TTD sees more on the upside with this conservative.

 TTD highlighted KNSL as a potential breakout earlier in the week.

 KNSL's stock gapped higher in the morning getting above its breakpoint line. It reached an intraday peak at $136.85.

 The stock then pulled back and trended sideways. However, In after-hours trading, KNSL worked high getting almost back to its peak in the morning.

  Tape Action

  KNSL's tape action shows the recent block trades.

  One can see the price for the blocks climbing from $131.40 in the prior session to as high as $136.21 in the afternoon.

  A key bullish trade came in the morning when a block of 2,064 shares (duplicated) crossed the tape at $133.78.

  That was up from the prior block the day before at $131.40 on 9,404 shares.

   Business

 KNSL sells insurance in the U.S. through a network of independent insurance brokers.

 The company's commercial lines offerings include construction, small business, excess casualty, general casualty, energy, professional liability, life sciences, product liability, allied health, healthcare, commercial property, management liability, environmental, inland marine and commercial insurance.

 KNSL focuses on smaller commercial buyers.

  It also writes homeowners insurance. Its subsidiaries include Kinsale Management, Inc. and Kinsale Insurance Company.

  Charts 

  KNSL's 12-month performance chart shows the stock up 65% versus a 2% gain for the stock market.

  Insiders were recent buyers using stock options at $16 a share - yes $16. They also bought in the open market at $98 to $116.

  They were sellers at $100 to $126 a share recently.

  KNSL's long-term chart shows the stock coming public in 2016 at $18.26.

 The stock climbed to $64 by 2018, based and then broke out and climbed to $132. Most recently it pulled back and has since formed a new cup-and-handle base and now breaks out.    

  KNSL's daily chart shows the stock climbing to a peak near $132 in February.

  It pulled back and formed its base by rallying the past several weeks.

  The breakout comes with modest volume.

  The stock has a beta of 0.46 versus 1.00 for the stock market. So, the stock tends to be a low volatile issue.

 The stock's CCI momentum indicator is strongly bullish.

   Earnings Outlook

  This year, analysts are forecasting a 22% increase in net to $2.93 a share from the $2.41 the prior year.

  The stock sells with a price-earnings ratio of 44. That is high.

  Looking out to 2021, the Street predicts a more modest 8% rise in net to $3.17 a share from the anticipated $2.93 this year.

  Quarterly earnings will be strong.

  Net for the second quarter should climb 19% to 68 cents a share from the 57 cents the previous year.

  The highest estimate is at 72 cents a share.

  Net for the third quarter should be up 23% to 70 cents a share from  the 57 cent the prior year.

Strategy Opinion:  TTD is targeting KNSL for a move to $155 within the next few months, or sooner.  A protective stop can be placed near $125 after a breakout.

Intermediate-Term Rating:  Average.

Suitability:  Conservative Bulls.  

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

Breakout Success

Bullish

  KNSL scored good gains off recent breakouts.

Response to Net

Bullish

  KNSL rose 11 times after 12 earnings reports.

Seasonal Success

Bullish

  KNSL avg. gain 10.8% in May, 5.3% in June in prior years.

Earnings Beats

Bullish

  KNSL beat Street net estimate 8 times after 15 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

             22%

    1/16/2020       108.37        131.79      3/4/2020

             55%

    2/22/2019        62.51        96.76      7/15/2019

             14%

    7/16/2018        55.92        63.86      9/28/2018

(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 - ATD -  AVERAGE

      TTD's Quality Rating of Stock - BIPC - AVERAGE

      TTD's Quality Rating of Stock - RP -  AVERAGE

      TTD's Quality Rating of Stock - WIX -  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  -  1

Stocks Screened - 12,234

Long-Term Environment for bears: Unfavorable.

Bear Side -  Only one short Friday. Bears be conservative.


List of Stocks To Sell or Short


TTD’s Feature Bear Play

ProAssurance Corp. (PRA) - 15.95

Reports Loss, TTD Sees Drop to 12

  PRA, based in Birmingham, Al., provides property and casualty insurance services. Annual revenues: $1 billion. PRA's stock falls sharply Friday after the company reported a loss for the first quarter.

  So far today, PRA is trading a heavy 1.8 million shares, six times its average daily volume of 317,000 shares.

  TTD sees more on the downside.

  PRA reported a loss of 2 cents a share for the first quarter. The Street was expecting a profit of 5 cents a share.

  The stock fell sharply in the morning and undercut key support. It touched an intraday low of $15.75 in the afternoon.

  It then trended sideways into the final bell unable to rally.

  Tape Action

  PRA's tape action shows the recent block trades.

  One can see the price for the blocks falling from $20.33 in the prior session to as low as $15.85.

  A key bearish trade came in the morning when a block of 5,000 shares crossed the tape at $19.40. That was down from the prior block at $20.33 on 36,231 shares.

 Business

  PRA provides professional liability insurance for healthcare professionals and for attorneys.

The company operates through four segments:  specialty property and casualty. workers' compensation Lloyd's Syndicate and casualty insurance and reinsurance lines.

  Earnings:

  Net for the second quarter is expected to decline 24% to 6 cents a share from 8 cents the prior year.

  Overall, for 2020, the Street expects a profit of 25 cents a share compared with a loss of 81 cents in 2019.   

Charts:  

  PRA's daily chart shows the stock cutting below support with big volume. The move extends the stock's down trend of the past two years when it was as high as $63 a share.

  PRA's 12-month performance chart shows the stock down 50% versus a 2% gain for the stock market.

Strategy Opinion: TTD  is targeting PRA for a decline to $12 within the next few months, or sooner. A protective stop buy can be placed near $16.50.

Suitability:  Aggressive Bears.

  TTD's Stock Probability research of Prior Performance:  

Response to Net

Bearish

 PRA rose 6 times after 15 earnings reports.

Seasonal Success

Bearish

 PRA avg loss 7.6% in May, loss 1.1% in June prior years.

Earnings Beats

Neutral

 PRA beat Street estimate 4 times after 8 reports.


   TTD's Quality Rating of Stock  -  PRA -  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.)