Ticker Tape Digest

Thursday- May 17, 2018

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 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  leo@tickertapedigest.com.   

   For service, email Beverly Owen owen@tickertapedigest.com. TTD’s Tel: 1-480-926-1680.

Thursday - May 17, 2018

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakouts so far today -  15

Quality of Breakouts -  8

Stocks Screened - 12,234

Bull side -  Large list of breakouts with some good looking plays. Bulls can be venturesome.

Stock market  - Bullish. Major averages are bullish in all time sectors. Stock market in a long-term trading range now.

Stock Market Momentum

(Daily is based on a moving average)

Ticker Tape Digest's

Timely Breakout Stocks From Tape Action - Thursday

(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 at breakpoint by using market order or stop buy)All Timely Breakout Stocks From Tape Action Today )  

Today's Featured TTD Breakout Stock

Siteone Landscape Supply Inc. (SITE) - 80.67, up 1.74 - Breakpoint 79.93

Net To Surge 59% This Year, TTD Targets 100 

    SITE, based in Roswell, Ga., sells landscape supplies in the U.S. and Canada. Annual revenues: $1.9 billion. SITE's stock drives higher Thursday and breaks out from its 17-week flat base.

 The move carries the stock to a new all-time high. It came public in 2016.

 So far today, SITE is trading 525,853 shares. Its average daily volume is 353,000 shares.

 SITE's 10-minute chart shows the stock working higher in the morning and cutting through its breakpoint zone.

  The stock then trended sideways, but in the afternoon it worked higher to reach its peak for the day at $81.64.

  It gave some ground late in the day.

  Tape Action

  SITE's tape action shows the recent block trades.

  One can see the price for the blocks climbing from $78.93 in the prior session to as high as $81.13 Thursday afternoon.

  A key bullish trade came in the morning when a block of 50,000 shares crossed the tape at $79.80.

  That was up sharply from the prior block at $79.50 on 6,804 shares.

  Near the close Thursday,  a block of 15,094 shares (duplicated) crossed the tape at $80.67.

  That was on a down tick from the prior trade at $80.68 on 1,072 shares.

   Business

  SITE sells landscape supplies in the United States and Canada.

 The Company is a supplier of irrigation, landscape lighting, hardscapes, lawn care supplies, nursery stock, and landscape accessories to green industry professionals.

 SITE has 450 stores.

 The company's customers are primarily residential and commercial landscape professionals specializing in the designing, installation and maintenance of lawns, gardens, golf courses and outdoor spaces.

Charts

  SITE's 12-month performance chart shows the stock appreciating 66% versus a 16% gain for the stock market.

  Insiders have not been active.

  SITE's long-term chart shows the stock coming public in June of 2016 at $28.

  The stock dipped to $26.60 later in 2016. However, afterwards the stock has been trending strongly higher.

  SITE's daily chart shows the stock climbing to a peak at $79.90 in February.

  The stock then pulled back, but rallied in April to get back to its breakpoint line.

  However, it fell back again.

  The stock bottomed and turned up in early May, rallied, and now breaks out with a pick up in volume.

  SITE's CCI momentum indicator (bottom of chart) is strongly bullish.

  Earnings Outlook:

  Analysts are forecasting SITE will check in with a 59% surge in profits this year to $1.92 a share from $1.21 the prior years.

  The stock sells with a price-earnings ratio of 41. That is high but okay given this year's earnings growth rate.

  Looking out to 2019, the Street is predicting a 24% rise in net to $2.38 a share from the anticipated $1.92 this year.

  The company's quarterly earnings are seasonal. However, they will be strong now.

  Net for the second quarter is expected to leap 42% to $1.52 a share from the $1.07 the year before.

  The highest estimate is at $1.55 a share. The company some times misses on the quarterly net. So, it needs to be watched closely.

 Net for the third quarter is projected to surge 76% to 72 cents a share from the 41 cents the year before.

  That is an acceleration in quarterly earnings growth which is bullish.

Strategy Opinion: TTD is targeting SITE for a move to $100. A protective stop can be placed near $76.

TTD rates SITE an average intermediate-term play.

Suitability:  Average Bulls.

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

Probability - Breakout Success -  Bullish.  SITE has scored some good gains off its recent breakouts.

Probability - Earnings Response - Neutral. SITE rose 3 times after the past 6 earnings reports when there was a significant change.

Probability:  Seasonal Success - Extremely Bullish.  SITE rose an average of 21% in May and 9.4% in June The past few years.

           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 Performance Chart with Quarterly Earnings Markers vs. S&P 500

Insider Buying in Green  - Insider Selling in Red

   Stock's Monthly Seasonal Performance Chart - Past 5 Years

Showing % Months UP and % Change

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 so far today - 4

Stocks Screened - 12,234

Long-Term Environment for bears: Neutral.

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

TTD's short from the prior session was PPL Corp. (PPL) at $27.01. It closed at $26.74 and is working well for bears.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

Jounce Therapeutics Inc. (JNCE) - 11.45, down 6.22

Loss projected for this year. TTD Sees Decline to 8.50

  JNCE, based in Cambridge, Ma., , Inc. is a clinical stage immunotherapy company. Annual revenues: $71 million. JNCE's stock falls sharply Thursday and undercuts key technical support. TTD sees more on the downside.

  So far today, JNCE is trading a heavy 6.9 million shares, 14 times its average daily volume of 417,000 shares.

  Wells Fargo cut its rating on the stock to market perform from out perform. The move came after disappointing data from JNCE's test for a treatment for gastric cancer.

  JNCE's stock gapped lower in the morning and undercuts key technical support.

  The stock touched a low of $11.38. It closed near its low for the day.

  Tape Action

  JNCE's tape shows the recent block trades.

  One can see the price for the blocks falling from $16.65 in the prior session to as low as $11.45.

  A key bearish trade came in the morning when a block of 19,600 shares crossed the tape at $11.77.

  That was down sharply from the prior block the day before at $16.35 on 50,000 shares.

  Business

  JNCE is working on treatments for cancer by developing therapies that enable the immune system to attack tumors and provide long lasting benefits to patients.

 Through the use of its translational science platform, JNCE focuses on specific cell types within tumors to prioritize targets, and then identifies related biomarkers designed to match the right therapy to the right patient.

The company's lead product candidate, JTX-2011, is a monoclonal antibody that binds to and activates Inducible T cell CO-Stimulator and is in a Phase II trial.

 Earnings:

  This year, analysts are forecasting a loss of $1.16 a share compared with a loss of 57 cents the year before.

  For the second quarter, analysts predict a  loss of 38 cents a share compared with a loss of 11 cents the year before.   

Charts:   

  JNCE's daily chart shows the stock peaking at $29 in March. The stock then trended lower down to around $15. Thursday it gaps lower and undercuts key support.   

Strategy Opinion: TTD is targeting JNCE for a decline to $8.50 within the next few months or sooner. A protective stop buy can be placed near $12.80.

Suitability: Aggressive Bears.

  TTD's special probability research of  Prior Performance:  

Probability - Earnings Response - Extremely Bearish.  JNCE rose just one time after the past 6 earnings reports when there was a significant change.

Probability:  Seasonal Activity - Extremely Bearish.  JNCE declined an average of 36% in May and 31% in June.

   Stock 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. - 2018

    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 1-480-926-1680.

   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.)