Ticker Tape Digest

Thursday - August 5, 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 - August 5, 2021

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakouts   -  10

Quality of Breakouts -  Average.

Stocks Screened - 12,234

Bull side -  Large list of breakouts with some good looking plays.

Stock market  -  Market averages bullish in all time sectors. Dow rebounds.

Comment -  Several good looking breakouts. Market tending to be volatile now.

See Latest Earnings Reports -  A company that tops the Street's highest earnings estimate has potential to go higher. Key earnings beats -  SEAS, LJPC, DDOG, LAZY and BGSF.

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

Globant SA (GLOB) - 250.32, up 7.39 - Breakpoint 243.99

Net To Climb 39% This Year, TTD Targets 300

    GLOB, based in Luxemboug, builds online systems and provides digital technology services. Annual revenues: $814 million. GLOB's stock drives higher Thursday and breaks out from its three-month, cup-and-handle base.

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

  TTD sees potential for more on the upside.

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

  So far today, GLOB is trading 292,691 shares. Its average daily volume is 205,000 shares.

  GLOB's stock pushed higher and broke out in the late morning.

  The stock reached an intraday peak at $252.20 in the morning.

  GLOB then trended mostly sideways the rest of the day.

  In after-hours trading, GLOB was up $1.68.

    Tape Action

  GLOB's tape action shows the recent block trades.

  One can see the price for the blocks climbing from $242.93 in the prior session to as high as $250.32 by the close.

  A key bullish trade came in the morning when a block of 1,741 shares crossed the tape at $44.

  That was up from the prior block in the prior session at $242.93 on 12,294 shares.

  Near the close a block of 7,760 shares crossed at $250.32.

  That was up from the prior block at $250.25 on 629 shares.

  Business

 GLOB' principal operating subsidiary is  in Buenos Aires, Argentina.

 The company builds digital systems which consists of different software products.

 They include mobile apps, Web apps, sensors and other software and hardware appliances that work orchestrated by a backend that uses big data and fast data to create a profile of each consumer.

 GLOB delivers digital information, which helps its customers stay tuned to their industries; Discover.

  Charts

  GLOB's 12-month performance chart shows the stock up 35% versus a 32% gain for the stock market.

  Insider activity was not available.

  GLOB's long-term chart shows the stock climbing from $11.30 back in 2014 to a peak at $141 by early 2020.

  The stock was dragged lower to $70 in early 2020.

  However, since then GLOB has turned and rallied strongly to an all-time high of $252.38.

  GLOB's daily chart shows the stock forming a cup-and-handle base.

  The stock breaks out with a widening of the spread and pick up in volume.

  That is bullish.

  The stock's CCI momentum indicator is solidly bullish.

   Earnings Outlook

  This year, analysts predict a 39% jump in net to $3.41 a share from $2.45 the prior year.

  The stock has a price-earnings ratio of 73. That is high.

  Looking out to 2022, the Street predicts a 22% increase in net to $4.15 a share from  the anticipated $3.41 this year.

  Quarterly net will show strong growth.

  Net for the second quarter should spurt 65% to 84 cents a share from  51 cents the prior year.

  The highest estimate from seven analysts is at 87 cents a share.

  Then in the third quarter, analysts expect a 42% jump in profits to 85 cents a share from the 60 cents the prior year.   

Strategy Opinion:  TTD is targeting GLOB for a move to $300 within the next few months, or sooner.

A protective stop can be placed near $240.

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 -  Small list of shorts. Bears be conservative.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

Nevro Corp.  (NVRO) - 115.07

Loss Seen This Year and Next, TTD Sees Drop to 100

  NVRO, based in Redwood City, Ca., sells medical devices to treat chronic pain. Annual revenues: $362 million. NVRO's stock gaps lower Thursday and undercuts key technical support.

  So far today, NVRO is trading a heavy 5.3 million shares, 14 times its average daily volume.

  The company reported a loss for the second quarter.

  The stock gapped lower in the morning and undercut key technical support.

  NVRO fell to an intraday low of $106.75 in the morning.

  The stock then edged a bit higher during the day to trim some of its loss.

  In after-hours trading, NVRO was down 8 cents a share .

   Tape Action

  NVRO's tape action shows the recent block trades.

  One can see the price for the blocks falling from $147.88 in the prior session to as low as $108.05 later in the morning.

  A key bearish trade came in the morning when a block of 65,067 shares (duplicated) crossed the tape at $112.

  That was down from the prior block at $147.88 on 28,503 shares the prior session.

  Business

 NVRO provides products to treat chronic pain.

The company sells the Senza spinal cord stimulation system for chronic pain.

The therapy enables patients to achieve sustained pain relief without paresthesia, thus enabling patients to avoid the uncomfortable shocking or jolting sensations commonly associated with paresthesia.

  Earnings:

  This year, analysts predict NVRO will show a loss of $2.43 a share compared with a loss of $2.47 the prior year.

  Going out to 2022, the Street sees a loss of $1.59 a share.

  For the upcoming third quarter, they see a loss of 55 cents a share compared with a loss of 29 cents the prior year.

Charts:  

  NVRO's daily chart shows the stock gapping sharply lower with big volume.

  The stock's CCI momentum indicator is extremely bearish.

Strategy Opinion: TTD is targeting NVRO for a decline to $100 within the next few months, or sooner. A protective stop buy can be placed near 120

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.)