Ticker Tape Digest

Thursday - June 10, 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.

Thursday - June 10, 2021

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakouts   -  8

Quality of Breakouts -  Above Average.

Stocks Screened - 12,234

Bull side -  Several good looking breakouts of lesser known stocks.

Stock market  -  Major averages holding bullish.

Comment -  Stock market remains in a consolidation pattern. Bulls be selective and watchful.

See Latest Earnings Reports -  A company that tops the Street's highest earnings estimate has potential to go higher. Key earnings beats -  CHWY and SIG

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

Oxford Industries Inc. (OXM) - 106.10, up 8 - Breakpoint 98.52

Net To Rise Sharply This Year, TTD Targets 125

  OXM, based in Atlanta, designs and sells clothes. Annual revenues: $749 million. OXM's stock surges higher Thursday and breaks out from its 6-week, flat base.

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

  TTD sees potential for more on the upside.

  OXM's breakout was triggered by a big earnings beat for its fiscal first quarter ended in March.

  The company came in with net of $1.80 a share. That topped the consensus estimate of $1.06 a share by a big margin.

  TTD highlighted OXM as a breakout at our midsession video show Thursday.

 OXM shot higher in the morning and cleared its breakpoint line easily.

The stock reached an intraday high of $114.47.

  It then backed off a bit and trended sideways the rest of the day.

  In after hours trading, OXM was up $2.90.

    Tape Action

  OXM's tape action shows the recent block trades.

  One can see the price for the blocks climbing from $98.10 in the prior session to as high as $114 in the morning.

  A key bullish trade came in the morning when a block of 10,902 shares (duplicated) crossed at $107.14.

  That was up sharply from the prior block the day before at $98.10.

  Business

 OXM designs and sells clothes.

 The company sells products bearing the trademarks of its owned Tommy Bahama, Lilly Pulitzer and Southern Tide lifestyle brands.

  It distributes its products through its direct to consumer channels, consisting of its Tommy Bahama and Lilly Pulitzer full-price retail stores and its e-commerce sites for Tommy Bahama, Lilly Pulitzer and Southern Tide.

  The company operates 128 Tommy Bahama and 40 Lilly Pulitzer full-price retail stores.

  Charts

  OXM's 12-month performance chart shows the stock up 90% versus a 19% gain for the stock market.

  Insiders were recent buyers at$47.60. They were sellers at $65 to $84 a share.

  OXM's long-term chart shows the stock climbing from $49 in 2017 to a peak at $97 by 2018.

  The stock then fell back to $30 by early 2020 due in part to the big market sell off.

  However, OXM turned and surged to $97 and then formed a flat base.

  OXM's daily chart shows the stock rising from $68 in February to a peak near $94 by May.

  The stock put down a flat base and now gaps higher with big volume.

  The stock's CCI momentum indicator is strongly bullish.

   Earnings Outlook

  Analysts predict net for the fiscal year ending in January 2022 will surge to $3.05 a share from the loss of $1.81 the prior year.

  Looking out to fiscal 2023 ending in January, the Street predicts a 22% rise in net to $3.73 a share from the anticipated $3.05 in the current fiscal year.

  Profits for the fiscal second quarter are projected to jump to $1.18 a share from the loss of 38 cents the prior year.

  The highest estimate from 4 analysts is at $1.49 a share.

  Then in the fiscal third quarter, the street predicts a loss of 4 cents a share compared with a loss of 44 cents the previous year.

Strategy Opinion:  TTD is targeting OXM for a move to $125 within the next few months, or sooner.

A protective stop can be placed near $96.

Intermediate-Term Rating: Average.

Suitability:   Aggressive 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  - 4

Stocks Screened - 12,234

Long-Term Environment for bears: Unfavorable.

Bear Side -  Several breakdown stocks. Bears be conservative. Stock market still in a trading range.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

Lakeland Industries (LAKE) - 23.11

Net to Fall 54% for Fiscal 2022 (Jan.), TTD Sees Drop to 18.50

  LAKE, based in Decatur, Ala., makes and sells protective clothing. Annual revenues: $159 million. LAKE's stock falls sharply on big volume Thursday. The move undercuts near-term support.

  So far today, LAKE is trading a heavy 727,731 shares, six times its average daily volume of 119,000 shares.

  TTD sees potential for more on the downside.

  LAKE's stock fell in the morning and undercut key technical support.

  The stock touched an intraday low of $22.70 in the morning.

  It then lifted slightly and trended mostly sideways the rest of the day.

  In after-hours trading, the stock was up 14 cents a share.

   Tape Action

  LAKE's tape action shows the recent block trades.

  One can see the price for the blocks falling from $26.43 in the prior session to as low as $23.07 in the morning.

  A key bearish trade came in the morning when a block of 5,620 shares (duplicated) crossed at $24.61.

  That was down sharply from the prior block the day before at $26.43 on 3,614 shares.

    Business

 LAKE sells safety garments for industrial and public use.

The company's line covers limited use/disposable protective clothing; high-end chemical protective suits; firefighting, flame resistant personal protective equipment and heat protective apparel.

LAKE's products are sold by its in-house customer service group, its regional sales managers and independent sales reps to a network of over 1,600 North American safety supply distributors.

   Earnings:

  Net for the fiscal year ending in January should fall 54% to $1.98 a share from the $4.31 the prior year.

  Net for the fiscal second quarter ending in July should drop 52% to 56 cents a share from the $1.16 the previous year.

Charts:  

  LAKE's daily chart shows the stock peaking at $47.94 in February. The stock then worked lower. It tried to find support near $25, but now breaks down with a big pick up in volume.

Strategy Opinion: TTD  is targeting LAKE for a decline to $18.50 within the next few months, or sooner. A protective stop buy can be placed near $24.50.

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.)