Some Early Session Breakout Stocks....Tuesday, February 20, 2024

...........Intercontinental Hotels Group (IHG) up 8.04 to 105.80, breakpoint 98.90, plans stock buyback..........Skyward Specialty Insurance Group Inc. (SKWD) up 1.16 to 35.30, breakpoint 34.60...........ICICI Bank Ltd. (IBN) up 0.75 to 25.48, breakpoint 25.10.......ITAU Unibanco Holdings S.A. (ITUB) up 0.26 to 7.21, breakpoint 7.05..... End..............end

Daily - Go to TTD's     Chart scroller of  Breakout Stocks   - Midsession  - Tuesday -  February 20, 2024

Wednesday,  February 21, 2024  - Go To TTD Quick-Swing Trade Setups -- (90% win ratio this year)

Wednesday, February 21, 2024 ---  Go to    Breakout Watch  List

Go to Prior Days TTD Pro Reports     

 


Go to TTD Midsession Stock Market Video Shows


Tuesday - February 20, 2024

Feature Breakout Stock

Intercontinental  Hotels (ING) - 12  min


(WMV video player download for Google)

https://videoconverter.iskysoft.com/play-video/wmv-player-for-chrome.html



Go to TTD Stock Market Shows Latest Week:


Monday - Feature Stock

Alamo Group Inc. (ALG) - 12 Min.


Tuesday- Feature Stock

Intercontinental Hotels (ING) 12 Min.


Wednesday - Feature Stock

Frontline Plc. (FRO) - 6  min.


Thursday -  Feature Stock  

US Foods Holding Corp. (USFD)  - 10 min.


Friday -  Feature Stock

Vista Oil & Gas (VIST) - 12 min.


Go to Video Show - "How to Make Money With Breakout Stocks


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    Ticker Tape Digest

Professional Report

Tuesday - February 20, 2024  


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.

Ticker Tape Digest's

Daily schedule guide for TTD subscribers

1. Pre-market - check Breakout Watch List and Quick Trades.

2. Morning - (11:30 - 12 A.M.) - check breakout    stocks tape and breakout chart slide show.

3. Midday (3 P.M.) check TTD Midsession Report and see market video show.

4. After close (4 P.M.) check final TTD Report for day.


Trading Strategies

Bullish

Aggressive Investors Bullish - "Breakout Stocks" - ideally suited for bull markets and special situation stocks. Potential for large returns. (See Performance)


Aggressive Investor Bullish-  "Quick Trade Stocks" -ideally suited for entry into top performing issues looking for a small quick profit."  (See Performance)


Conservative Investors  "Bargain Buy Trades for the Long Term."  Ideally suited for entry into top performing big cap stocks on pullbacks within overall up trend.(See Performance)


Bearish

Aggressive Bearish Investors - "Breakdown Stocks" to Sell Short. Ideally suited for bear markets or market pull backs. Potential for large returns  (See Performance)

   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 Swing - 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.

Quote or chart

   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.

 


Ticker Tape Digest's Midsession Stock Market Video Show

(Posted around 2 to 3 p.m. NYSE Time)


Go to TTD Stock Market Video Show For - Tuesday

Go to Shows for Latest Week: Monday - Tuesday - Wednesday - Thursday - Friday
(Best with Cable or DSL - High quality - Windows Media Video)




Tuesday - February 20, 2024

TTD's Breakout Stocks

  Stock Market Overview

 

Total Buy Breakout Stocks -  6

Quality of Breakouts -  Above Average.

Stocks Screened -  6,500

Bull side -  Small list of breakouts but some interesting plays for aggressive bulls.

Stock market -  Major averages hold bullish in all time sectors. However, the pattern appears to be turning into a consolidation.

 Latest Earnings Reports - Key Earnings Beats.  A company that  beats the Street's earnings estimate has good chances to move higher.  


Key Earnings Beats


Stock Market Momentum

(Data is based on a moving average)

Market (Daily)

 Market (Weekly)

 Market (Monthly)

 Dow - Bullish

 Dow - Bullish

 Dow - Bullish

Nasdaq - Bullish

   Nasdaq - Bullish

Nasdaq - Bullish

   S&P 500 - Bullish

  S&P 500 - Bearish

  S&P 500 - Bullish





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.

Breakout Stocks


TTD's Feature Breakout Stock

Intercontinetal Hotels Group (IHG) - 106.08

Breakpoint - 33.09

Net to Rise 24% For 2024

      TTD's Quality Rating of Stock  ( IHG  ) -   Above Average

   IHG, based in Windsor, U.K. ,  operates 4,356 hotels world wide. annual revenues: $3.9 billion. IHG's stock gaps higher Tuesday and breaks out from its 6-week, flat base. The move carries the stock to a new all-time high.

  That is very bullish.

  So far today, IHG is trading 568,970 shares, triple its average daily volume of 170,000 shares.

 TTD sees potential for more on the upside.

TTD highlighted IHG as a breakout at our midsession video show.

IHG pushed higher in the morning and cleared its breakpoint line.

The stock reached an intraday high of $181.35 in the morning.

However,, the stock then pulled back to around $165 later in the morning and then trended sideways the rest of the day.

IHG was down 54 cents a share in after hours trading.

Tape Action

IHG's tape action shows strong buying in the morning as the stock broke out.

that was followed by some elling and then later in the morning a resumption of buying.

In the aftrnoon more selling came in as IHG trended sideways in price.

.Business

IHG operates over 6,000 open hotels in more than 100 countries, and a further 1,800 hotels in its development pipeline.

The company’s segments include Americas; Europe, Middle East Asia, and Africa and Greater China..

The Americas segment has more than 4356 (515496 rooms) hotels. The EMEAA Segment has more than 1169 (229664 rooms) hotels.

The Greater China segment has more than 639 (166467 rooms) hotels. It operates a portfolio of hotel brands, including InterContinental, Kimpton, Hotel Indigo, HUALUXE, Crowne Plaza, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites, Candlewood Suites and other.

Stock Chart Activity

 IHG's long-term chart shows the stock climbing from $26 when the bear market hit to a peak at $75 by early 2021.

The stock then trended mostly sideways and eventually formed a long-term, cup-and-handle base.

It broke out long-term in 2023 and has since surged to $106, a new all-time high.

IHG's daily chart shows the stock rising from $70 back in October to a peak at $91 by mid-December.

The stock then  formed a base and then lifted slightly to form a base on top of a base.

Now IHG gaps sharply higher to breakout with strong volume.

The CCI momentum indicator is strongly bullish.

Earnings Outlook

 This year, analysts are forecasting a big 56% surge in net to $4.40 a share from the $2.82 the year before.

Going out to 2025, the Street expects an 11% increase in net to $486 a share from  the anticipated $4.40 this year.

There were no quarterly estimates by the Street.

Strategy Opinion: 

TTD is targeting IHG for a move to $125 within the next few months or sooner.

A protective stop can be placed near $98 now.

Intermediate -Term Rating:  Above Average

  

  TTD's special research of Stocks Prior Performance:   

Breakout Success

Bullish

IHG  scored one big gain off its recent breakouts.

Response to Net

Bullish

IHG rose 2 times after 2 quarterly earnings reports.

Earnings Beats

Bullish

IHG beat Street net estimate 2 times out of 2 reports.

Seasonal Success

Bearish

IHG avg gain 3.6%  in Feb., loss 7%  in March.