Ticker Tape Digest

Wednesday - June 23, 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.

Wednesday - June 23, 2021

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakouts   -  6

Quality of Breakouts -  Below Average.

Stocks Screened - 12,234

Bull side -  Small list of breakouts and very selective.

Stock market  -  Major averages holding bullish, except for the daily Dow which is still bearish.

Comment -  Small list of breakouts. Bulls be conservative.

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

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

Shoe Carnival Inv. (SCVL) - 74.28, up 4.71 - Breakpoint 70.47

Net To Soar 168% for Fiscal 2022, TTD Targets 90

  SCVL, based in Evansville, Ind. sells footwear. Annual revenues: $977 million. SCVL's stock drives sharply higher Wednesday and breaks out from its five-week flat base.

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

 TTD sees more on the upside.

  So far today, SCVL is trading a heavy 659,032 shares, four times its average daily volume of 146,000 shares.

 TTD highlighted SCVL as a breakout at our midsession video show on the Web Wednesday.

  SCVL's stock cleared its breakpoint line in the morning.

  The stock worked steadily higher reaching a peak at $75.73 at midday.

  SCVL then trended sideways into the close.

  In after-hours trading, SCVL was up 82 cents a share.

  Tape Action

  SCVL's tape action shows the recent block trades.

  One can see the price for the blocks climbing from $69.57 in the prior session to as high as $74.28 by the close.

  A key bullish trade came in the morning when a blcok of 2,964 shares (duplicated) crossed the tape at $70.47.

  That was up from the prior block at $69.57 on 20,053 shares in the prior session.

    Business

 SCVL sells  family footwear products.

 It has 415 retail stores in 30 states.

It also offers online shopping.

Its products assortment includes dress and casual shoes, sandals, boots and athletic shoes.

 SCVL also sells socks, belts, shoe care items, handbags, sport bags, backpacks, jewelry, scarves and wallets.

  Charts

  SCVL's 12-month performance chart shows the stock up 150% versus a 35% gain for the stock market.

 SCVL's long-term chart shows the stock climbing from$15 back in 2017 to a peak at $45 by 2018.

  The stock then trended lower and fell to $12.56 in early 2020 when the stock market tumbled.

  However, since then SCVL has surged back and is now at a new high.

  SCVL's daily chart shows the stock climbing from $40 back in late January to a peak near $70 by May.

  The stock put down a short, flat base.

  The breakout is very strong coming with big volume.

  The stock's CCI momentum indicator is strongly bullish.   

  Earnings Outlook

  This fiscal year ending in January of 2022, the Street predicts a 168% leap in net to $3 a share from  the $1.12 the prior year.

  The stock has a price-earnings ratio of 24,

  Net for the upcoming fiscal second quarter ending in July should jump 55% to $1.10 a share from 71 cents the previous year.

  The company beat the Street estimate the past four quarters by $1.62 a share, one cent, 39 cents and 14 cents.

Strategy Opinion:  TTD is targeting SCVL for a move to $90 within the next few months, or sooner.

A protective stop can be placed near $68.

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  - 2

Stocks Screened - 12,234

Long-Term Environment for bears: Unfavorable.

Bear Side -  Only a few breakdown stocks. Bears be conservative.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

Frontier Group Holdings  (ULCC) - 17.89

Loss Seen This Year, TTD Sees Drop to 15

  ULCC, based in Denver, operates Frontier Airlines, a low-cost carrier. Annual revenues: $1.3 billion. ULCC's stock declines Wednesday and undercuts key technical support.

  So far today, ULCC is trading 704,200 shares. Its average daily volume is 858,000 shares.

  TTD sees potential for more on the downside.

  ULCC's stock cut below key support at $18.32 in the morning. It touched an intraday low of $17.70.

  The stock then rallied to $18.16 in the early afternoon. It moved mostly sideways.

  However, in the final hour the stock moved sought and closed at $17.89.

  It was up 6 cents a share in after-hours trading.

  Tape Action

  ULCC''s tape action shows the recent block trades.

  One can see the price for the blocks falling from $18.45 in the morning to as low as $17.70 later in the morning.

  A key bearish trade came in the morning when a block of 8,382 shares crossed at $18.30.

  Tha was down from the prior block at $18.45 on 3,475 shares.

   Business  

  ULCC operates Frontier Airlines. The company offers flights in the U.S. and to select destinations in the Americas.  

 The Company provides low-fare passenger airline service primarily to visiting friends and relatives and leisure travelers.

 Earnings:

  This year, analysts predict a loss of 90 cents a share. There was no comparable figure for a year ago.

  For the second quarter, the Street expects a loss of 31 cents a share.

  Looking out to 2022, they predict a profit of $1.08 a share.

Charts:  

  ULCC's daily chart shows the stock having come public in early April at $18.61. The stock flew up to $21.98 and then went into a trading range.

  However, since early June it has fallen back and now cuts below key support.

Strategy Opinion: TTD  is targeting .ULCC for a decline to $15 within the next few months, or sooner. A protective stop buy can be placed near $18.90

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.)