Ticker Tape Digest

Tuesday - May 11, 2021

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 Swng - 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 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.

Tuesday - May 11, 2021

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakouts   -  6

Quality of Breakouts -  Above Average.

Stocks Screened - 12,234

Bull side -  Very selective list of breakouts, but some interesting plays.

Stock market  -  Dow remains bullish in all sectors. It has been a leader. The Nasdaq is now bearish daily and weekly. The S&P 500 index is bearish daily, but bullish weekly and monthly.

Comment -  Bulls be careful now as some major averages are turning bearish.

See Latest Earnings Reports -  A company that tops the Street's highest earnings estimate has potential to go higher. Key earnings beats -  None.

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

UFP Technologies Inc. (UFPT) - 56, up 0.68 - Breakpoint 55.40

Net To Rise 24% This Year, TTD Targets 65

  UFPT, based in Newburyport, Ma., makes foams, plastics and fibers for auto interior and also uniforms and insulation. Annual revenues: $179 million. UFPT's stock moves higher Tuesday and breaks out from its two-month, double-bottom base.

  So far today, UFPT is trading 17,755 shares. Its average daily volume of 26,000 shares.

  The stock is thinly traded. However, it is now at an all-time high. That is bullish.

  TTD sees more on the upside.

  UFPT's stock's 10-minute chart shows the stock spiking hither in the morning and clearing its breakpoint line.

  The stock held well through the day.  It is thinly traded.

    Tape Action

  UFPT's tape action shows the recent block trades.

  One can see the price for the blocks climbing from $55.32 in the prior session to as high as $56.79.

  A key bullish trade came in the morning when a block of 1,108 shares (duplicated) crossed the tape at $55.41.

  That was up from the prior block the day before at $55.32 on 2,207 shares.

   Business

  UFPT makes foams, plastics, composites and natural fiber materials.

 They are sold to customers in the medical, auto, consumer, electronics, industrial, and aerospace markets.

  The company's materials are converted into automotive interior trim, medical device components, disposable wound care components, military uniform and gear components, athletic padding, air filtration, high-temperature insulation, abrasive nail files and beauty aids.

 Charts

  UFPT's 12-month performance chart shows the stock up 25% versus a 45% gain for the stock market.

  UFPT's long-term chart shows the stock climbing from $17.50 back in 2015 to a peak at $52 by 2020.

  The stock then fell back to $38 in early 2020. The stock has since surged back to $56.

  UFPT's daily chart shows the stock forming a double-bottom base.

  The breakout clears the base.

  The push to a new all-time high is bullish.

 The CCI momentum indicator is solidly bullish.

   Earnings Outlook

  UFPT is poised to show strong earnings.

  This year, the Street predicts a 24% increase in net to $2.19 a share from the $1.77 the prior year.

  The stock has a price-earnings ratio of 26.

  Going out to 2022, analysts project a 33% spurt in net to $2.92 a share from the anticipated $2.19 this year.

  Quarterly earnings will be strong.

  Net for the second quarter should climb 68% to 52 cents a share from the 31 cents the previous year.

  Then in the third quarter, net should jump 43% to 57 cents a share from the 40 cents the previous year.   

Strategy Opinion:  TTD is targeting UFPT for a move to $65 within the next few months, or sooner.

A protective stop can be placed near $53.

Intermediate-Term Rating: Average.

Suitability:   Average 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  - 10

Stocks Screened - 12,234

Long-Term Environment for bears: Neutral

Bear Side -  Nasdaq is breaking down, Dow and SPX are showing weakness too. Aggressive bears can be venturesome.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

CarLotz Inc. (LOTZ) - 5.57

Loss Seen This Year and Next, TTD Sees Drop to 4.40

  LOTZ, based in Richmon, Va., operates vehicle consignment and retail remarketing business. Annual revenues: Nil. LOTZ's stock falls sharply Tuesday and the stock undercuts key technical support.

  So far today, LOTZ is trading 10.4 million shares, about double its average daily volume of 4.6 million shares.

  TTD sees more on the downside.

  TTD highlighted LOTZ as a short at our midsession video show on the Web.

  LOTZ's stock fell sharply in the morning to $5.05 and undercut key technical support.

  The stock worked to $5.59 the rest of the day to trim its loss.

  In after-hours trading, LOTZ was up 10 cents a share.

  Tape Action

  LOTZ's tape action shows the recent block trades.

  One can see the price for the blocks falling from $5.95 a share in the prior session to as low as $5.50 in the morning

  A key bearish trade came in the morning when a block of 20,000 shares crossed the tape at $5.18.

  That was down sharply from the prior trade the prior session at $5.95 on 15,500 shares.

   Business

 The company operates vehicle consignment and retail marketing.

 LOTZ's retail remarketing technology provides its corporate vehicle sourcing partners with real-time performance metrics and data analytics.

  The company offers its products and services to corporate vehicle sourcing partners, retail sellers of used vehicles and retail customers seeking to buy used vehicles.

  Earnings:

  This year, analysts predict a loss of 71 cents a share compared with a loss of $2.27 a share the prior year.

  For 2022, the Street expects a loss of 37 cents a share.

  For the second quarter, analysts expect a loss of 18 cents a share.

Charts:  

  LOTZ's daily chart shows the stock falling from $12.90 in January down to $5.57.

  The stock has been in a sharp down trend and now is at an all-time low.

Strategy Opinion: TTD  is targeting LOTZ for a decline to $4.40 within the next few months, or sooner. A protective stop buy can be placed near $6.10

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. - 2021

    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 1-480-704-3331.

   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.)