Ticker Tape Digest

Friday - August 6, 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 - August 6, 2021

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakouts   -  18

Quality of Breakouts -  Average.

Stocks Screened - 12,234

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

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

Comment -  Stock market still in a trading range. Bulls need to be alert to earnings.

See Latest Earnings Reports -  A company that tops the Street's highest earnings estimate has potential to go higher. Key earnings beats -  CNTY, TGLS, LSEA, MD  and OFIX.

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

Wesco International Inc. (WCC) - 114.98, up 3.35 - Breakpoint 113.11

Net To Surge 69% This Year, TTD Targets 135

  WCC, based in Pittsburgh, Pa., provides supplies for utilities. Annual revenues: $12.3 billion. WCC's stock drives sharply higher Friday and breaks out from its 14-week, flat base.

  So far today,WCC is trading 246,236 shares. Its average daily volume is 233,000 shares.

  TTD sees more on the upside. TTD highlighted WCC as a breakout at our midsession video show on the Web Friday.

  WCC's stock gapped higher in the morning and cleared its breakpoint.

  The stock worked higher and reached a peak at $116.36 around midday.

  It then drifted back a bit in the late afternoon.

  The stock was unchanged in after-hours trading.

   Tape Action

  WCC's tape action shows the recent block trades.

  One can see the price for the blocks climbing from  $111.63 in the prior session to as high $115.65 in the afternoon.

  A key bullish trade came in the morning when a block of 9,352 shares (duplicated) crossed at $115.55.

 That was up sharply from the prior block the day before at $111.63 on 24,245 shares.  

  Near the close a block of 21,231 shares crossed at $114.98.

  That was up from the prior block at $114.54 on 864 shares.

    Business

  WCC is a supply chain solutions company.

 Its electrical equipment is sold to commercial and industrial businesses, contractors, government agencies, institutions, telecom providers, and utilities.

 The company's  products include electrical equipment and supplies as well as lubricants, valves, fittings, fasteners, cutting tools, power transmission, and safety products.

 It also supplies electrical transmission and distribution products, power plant maintenance and smart-grid products.  

   Charts

  WCC's 12-month performance chart shows the stock up 170% versus a 32% gain for the stock market.

  Insiders were recent buyers using stock options at $42 to $81 a share.

  They were sellers at $79 to $108 a share.

  WCC's long-term chart shows the stock rising from $40 in 2016 to a peak at $76 by January of 2017.

  The stock then fell back to $13 by early 2020. The drop was exacerbated due to the stock market drop in early 2020.

  Since then, though, WCC has surged back to an all-time high of $116

  WCC's daily chart shows the stock rising from $82 in April to a peak at $113 in June.

  The stock pulled back and formed a flat base.

  The breakout clears the base.

  The stock's CCI momentum indicator is strongly bullish.

   Earnings Outlook

  This year, analysts project a big 69% leap in net to $7.39 a share from the $4.37 the year before.

  The stock has a price-earnings ratio of 15. TTD sees that as very attractive for value investors.

  Going out to 2022, the Street predicts a 16% increase in net to $8.57 a share from the anticipated $7.39 this year.

  Quarterly earnings growth will show an acceleration. That is very bullish.

  Net for the third quarter should rise 33% to $2.20 a share from the $1.66 the previous year.

  Then in the fourth quarter profits should spurt 55% to $1.89 a share from the $1.22 the prior year.

Strategy Opinion:  TTD is targeting WCC for a move to $135 within the next few months, or sooner.

A protective stop can be placed near $109.

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  -  4

Stocks Screened - 12,234

Long-Term Environment for bears: Unfavorable.

Bear Side -  Small list of shorts, but some interesting plays.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

Vimeo Inc. (VMEO) - 37.27

Loss Seen This Year and Next, TTD Sees Drop to 30

  VMEO, based in New York,  formerly Vimeo Holdings, Inc., provides software services. Annual revenues: $283 million. VMEO's stock falls sharply Friday and undercuts key technical support with big volume.

  So far today, VMEO is trading a heavy 6.7 million shares, eight times its average daily volume of 885,000 shares.

  TTD sees more on the downside.

  VMEO's stock fell in the morning and undercut key technical supports.

  The stock worked steadily lower during the session. VMEO touched an intraday low of $36.46. It was unable to rally during the day.

  In after-hours trading, VMEO was down 26 cents a share.

  Tape Action

  VMEO's tape action shows the recent block trades.

  One can see the price for the blocks falling from $43 in the morning to as low as $37.27 by the close.

  A key bearish trade came in the morning when a block of 100,000 shares crossed the tape at $40.55.

  That was down from the prior block at $43 on 64,683 shares.

  Business

  VMEO  provides all-in-one video software solution.

  Its platform enables any one to create, collaborate and communicate with video on a single, turnkey platform.

 The company operates a cloud-based software platform.VMEO's cloud-based SaaS offerings allow customers to create and  distribute videos online and across devices.

  Earnings:

  This year, analysts predicts a loss of 15 cents a share. Looking out to 2022, the Street expects a loss of 10 cents a share.

  For the third quarter, analysts expect a loss of 5 cents a share.

Charts:  

  VMEO's daily chart shows the stock falling from $58 in May down to $38 later that month.

  The stock rallied to $52 in July, but has since trended lower and now cuts below support to a new all-time low.   

Strategy Opinion: TTD is targeting VMEO. for a decline to $30 within the next few months, or sooner. A protective stop buy can be placed near $39.50.

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.)