Ticker Tape Digest

Friday - June 4, 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.

Friday - June 4, 2021

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakouts   -  7

Quality of Breakouts -  Average.

Stocks Screened - 12,234

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

Stock market  -  Major averages are bullish in all time sectors.

Comment -  Stock market in a consolidation pattern and holding well. Aggressive bulls can be venturesome.

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

Clearfield Inc. (CLFD) - 42.53, up 4.33 - Breakpoint 40.40

Net To Soar 98% for Fiscal 2021 (Sept.), TTD Targets 50

  CLFD, based in Brooklyn Park, Min., makes fiber products sold to telephone companies and electronics makers. Annual revenues: $93.1 million. CLFD's stock surges higher Friday and breaks out from its six-week flat base.

  The move carries the stock to a new all-time high. That is bullish.

  So far today, CLFD is trading a heavy 363,398 shares, four times its average daily volume of 87,000 shares.

  TTD sees potential for more on the upside.

  CLFD's stock broke out in the morning. It pulled back and then worked higher the rest of the day.

  The stock closed near its high for the day.

  CLFD was unchanged in after-hours trading.

   Tape Action

  CLFD's tape action shows the recent block trades.

  One can see a bullish trade in the morning when a block of 2,446 shares (duplicated) crossed the tape at $38.77.

  That was up sharply from the prior block the day before at $38.20 on 3,802 shares.

  Near the close, a block of 8,370 shares crossed at $42.53.

  That was up sharply from the prior block at $42.41 on 2,200 shares.   

   Business

  CLFD sells fiber management and enclosure platform that consolidates, distributes and protects fiber as it moves from the plant to the home, business and cell sites.

The company's products include clearview cassette, which is the building block of its product platform.

  Its products are sold across broadband service providers, including traditional telephone companies, local exchange carriers, multiple service operators (cable television), wireless service providers and utilities.

Charts

  CLFD's 12-month performance chart shows the stock up a sensational 210% versus a 40% gain for the stock market.

  Insiders were recent sellers at $24 to $38 a share.

  They were buyers using stock options at $12 a share.  They also bought at $33.50 in the open market.

  CLFD's long-term chart shows the stock climbing from $8.41 a share back in late 2018 to a peak at $42.53.

  CLFD's daily chart shows the stock spiking higher from $28 in April to a peak near $40 in April

  The stock put down a well formed flat base with two shakeout to the downside.

  The breakout is powerful with a widening of the daily spread and expanding volume.

  The stock was unchanged in after-hours trading.

   Earnings Outlook

  This fiscal year ending in September the Street predicts a 98% leap in net to $1.05 a share from the 53 cents the prior year.

  The stock sells with a price-earnings ratio of 40.

  Looking out to fiscal 2022, analysts predict a 23% rise in net to $1.29 a share from the anticipated $1.05 this fiscal year.

  Quarterly net will be strong.

  Profits for the fiscal third quarter ending in June should jump 32% to 29 cents a share from the 22 cents the prior year.

  The company beat the Street estimate the past four quarters by 11 cents a share, 8 cents, 4 cents and 14 cents.

  Net for the fiscal fourth quarter ending in September should rise 36% to 30 cents a share from 22 cents the year before.

Strategy Opinion:  TTD is targeting CLFD for a move to $50 within the next few months, or sooner.

A protective stop can be placed near $39.

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  - 1

Stocks Screened - 12,234

Long-Term Environment for bears: Unfavorable.

Bear Side -  Just one short play as the stock market rises sharply. Bears be conservative.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

Ions Pharmaceutical  (IONS) - 34.54

Loss Seen This Year and Next, TTD Sees Drop to 28

  IONS, based in Carlsbad, Ca., develops drugs for patients with unmet medical needs. Annual revenues: $729 million. IONS's stock moves lower Friday and undercuts key technical support.

  So far today, IONS is trading 918,884 shares. Its average daily volume is 2.2 million shares.

  TTD sees potential for more on the downside.

  IONS stock rose in the morning to an intraday high of $35.19.

  The stock then rolled over and trended lower the rest of the day.

  It closed near its low for the session of $35.54. That is bearish.

  Tape Action

  IONS' tape action shows the recent block trades.

  One can see the price for the blocks falling from $35 in the morning to as low as $34.54 late in the day.

  A key bearish trade came in the morning when a block of 5,300 shares crossed at $34.85.

  That was down from the prior block at $35 on 7,477 shares.

   Business

 IONS develops ribonucleic acid used for therapeutics.

The company's discovery platform, has developed a pipeline of drugs for patients with unmet medical needs.

 The Company's segments include Ionis Core and Akcea Therapeutics. In the Ionis Core segment, IONS is engaged in exploiting a drug discovery platform to generate a pipeline of drugs..

 IONS seek to treat two severe and rare, genetically defined diseases.  

 Earnings:

  This year, analysts predict a loss of $1.69 a share compared with a loss of $3.23 the prior year.

  Then in 2022, they project a loss of $1.37 a share.

  For the upcoming second quarter, the Street expects a loss of 49 cents a share versus a loss of 23 cents the previous year.

Charts:  

  IONS's daily chart shows the stock sliding below key support. The stock has been trending lower since topping out at $86 back in April of 2019.

Strategy Opinion: TTD  is targeting IONS for a decline to $28 within the next few months, or sooner. A protective stop buy can be placed near $36.50

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.)