FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - MONDAY, JULY 3RD, 2023

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Indices				NYSE			Nasdaq
DOW	+10.87	34,418.47	+0.03%	Volume	467,038,750	-54%	Volume	2,941,857,100	-37%
NASDAQ	+28.85	13,816.77	+0.21%	Advancers	1,992	69%	Advancers	2,646	60%
S&P 500	+5.21	4,455.59	+0.12%	Decliners	898	31%	Decliners	1,751	40%
Russell 2000	+8.05	1,896.78	+0.43%	52 Wk Highs	86		52 Wk Highs	84
S&P 600	+7.53	1,223.88	+0.62%	52 Wk Lows	7		52 Wk Lows	60

Major Indices Posted Small Gains on Quiet Session
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The volume totals reported were lower on the NYSE and on the Nasdaq exchange versus the prior session, naturally lighter due to the early close ahead of the Fourth of July holiday, but decent for a shortened day of trading. Breadth was positive as advancers led decliners by more than a 2-1 margin on the NYSE and by a 3-2 margin on the Nasdaq exchange. Leadership thinned as there were 30 high-ranked companies from the Leaders List that hit a new 52-week high and were listed on the BreakOuts Page, versus the total of 128 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. The major indices are in a confirmed uptrend (M criteria). Appropriate new buying efforts may be considered under the fact-based investment system.

Chart courtesy of www.stockcharts.com

PICTURED: The Nasdaq Composite Index is perched near its 2023 high and is up +32% year-to-date.

Nine of the 11 S&P 500 sectors closed with gains. There were some notable pockets of strength in the market with specific catalysts. EV makers Tesla (TSLA +6.90%) and Rivian (RIVN +17.41%) were standouts after impressive Q2 delivery numbers.

Another pocket of strength was the banking industry. Morgan Stanley (MS +1.19%) rose after it announced a dividend increase and the reauthorization of a multi-year stock repurchase program up to $20 billion.

The June ISM Manufacturing Index fell to 46.0% from 46.9% in May. The dividing line between expansion and contraction is 50.0%, so the sub-50.0% reading for June reflected a general contraction in manufacturing activity for the eighth straight month.

Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.

Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities.

Financial, Semi, Networking, and Commodity-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX +1.76%) and the Broker/Dealer Index ($XBD +1.69%) posted influential gains while the Retail Index ($RLX -0.19%) inched lower. The tech sector had a positive bias as the Networking Index ($NWX +0.52%) and the Semiconductor Index ($SOX +0.83%) posted small gains but the Biotech Index ($BTK -0.10%) ended slightly in the red. The Gold & Silver Index ($XAU +1.61%), Oil Services Index ($OSX +0.86%) and the Integrated Oil Index ($XOI +0.48%) rounded out the positive session with solid gains.

Chart courtesy of www.stockcharts.com

PICTURED: The Broker/Dealer Index ($XBD +1.69%) posted a gain and traded above its June high. It has been consolidating above its 50-day and 200-day moving average (DMA) lines.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	79.76	+0.68	+0.86%	-4.89%
Integrated Oil	$XOI	1,687.43	+8.13	+0.48%	-5.59%
Semiconductor	$SOX	3,703.62	+30.56	+0.83%	+46.27%
Networking	$NWX	854.77	+4.43	+0.52%	+9.12%
Broker/Dealer	$XBD	479.65	+7.96	+1.69%	+6.79%
Retail	$RLX	3,468.96	-6.59	-0.19%	+25.96%
Gold & Silver	$XAU	121.97	+1.94	+1.61%	+0.91%
Bank	$BKX	81.63	+1.42	+1.76%	-19.06%
Biotech	$BTK	5,220.20	-5.03	-0.10%	-1.15%

Streak of Gains Lifts Sterling Infrastructure to New Highs
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Sterling Infrastructure (STRL +$2.40 or +4.30% to $58.20) hit yet another new all-time high today, getting more extended from any sound base. Bullish action has continued although it reported Mar '23 quarterly earnings +0% on +10% sales revenues versus the year-ago period, below the +25% minimum earning guideline (C criteria) raising fundamental concerns.

STRL was highlighted in yellow with pivot point cited based on its 11/08/22 high plus 10 cents in the 12/14/22 mid-day report (read here). It was last covered in detail on 6/07/23 with an annotated graph under the headline, "Impressive Streak of Gains for New Highs".

STRL hails from the Building - Heavy Construction industry group which is currently ranked 45th on the 197 Industry Groups list (L criteria). It has a 96 Earnings Per Share Rating, down from 99 when recently featured. Through Dec '22 it had 6 quarterly comparisons at or above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been strong and steady since FY '17.

The company has a small supply of only 30.8 million shares outstanding. That can lead to greater price volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares rose from 337 in Dec '21 to 403 in Jun '23. Its current Up/Down Volume Ratio of 1.9 is an unbiased indication its shares have been under accumulation over the past 50 days.

Chart courtesy of www.stockcharts.com

Color Codes Explained :
Y - Better candidates highlighted by our staff of experts.
G - Previously featured in past reports as yellow but may no longer be buyable under the guidelines.

***Last / Change / Volume data in this table is the closing quote data***

Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (% 50 day avg vol)	52 Wk Hi % From Hi	Featured Date	Price Featured	Pivot Featured
								Max Buy
GPK - NYSE Graphic Packaging Hldg CONSUMER NON-DURABLES - Packaging and Containers	$24.39	+0.36 1.50%	$24.53	1,540,495 34.01% of 50 DAV 50 DAV is 4,530,000	$27.56 -11.50%	10/25/2022	$22.75	PP = $24.17
								MB = $25.38
Most Recent Note - 6/29/2023 12:49:41 PM G - Gapped down today violating its 200 DMA line ($23.35) then rebounded above that important long-term average. A rebound above the 50 DMA line ($25.17) is needed to help its outlook improve. Its Relative Strength Rating has slumped to 64, below the 80+ minimum guideline for buy candidates. >>> FEATURED STOCK ARTICLE : Graphic Packaging Hits New High With 6th Consecutive Gain - 6/8/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
STRL - NASDAQ Sterling Infrastructure Bldg-Heavy Construction	$58.20	+2.40 4.30%	$58.23	220,907 75.39% of 50 DAV 50 DAV is 293,000	$57.25 1.66%	12/14/2022	$32.41	PP = $33.72
								MB = $35.41
Most Recent Note - 7/3/2023 5:40:03 PM G - Posted a 5th consecutive gain today with below-average volume, wedging to another new all-time high, very extended from any sound base. Mar '23 quarterly earnings were below the +25% minimum guideline (C criteria) raising fundamental concerns. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Streak of Gains Lifts Sterling Infrastructure to New Highs - 7/3/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
FIX - NYSE Comfort Systems USA Bldg-A/C and Heating Prds	$164.44	+0.24 0.15%	$165.88	94,326 33.57% of 50 DAV 50 DAV is 281,000	$167.53 -1.84%	4/27/2023	$148.85	PP = $152.23
								MB = $159.84
Most Recent Note - 6/27/2023 5:37:17 PM G - Volume totals have been cooling while hovering near its all-time high. Extended from the prior base and no resistance remains due to overhead supply. Prior highs in the $152-156 area define initial support to watch above its 50 DMA line ($150.54). >>> FEATURED STOCK ARTICLE : "Negative Reversal" Following Recent Volume-Driven Gains - 6/16/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
KOF - NYSE Coca-Cola Femsa ADR Beverages-Non-Alcoholic	$84.21	+0.90 1.08%	$84.85	66,895 38.45% of 50 DAV 50 DAV is 174,000	$91.23 -7.69%	6/9/2023	$88.61	PP = $91.33
								MB = $95.90
Most Recent Note - 6/27/2023 12:30:58 PM G - Further undercutting its 50 DMA line ($86.36) with today's 4th consecutive loss raising greater concerns. A prompt rebound above the 50 DMA line is needed to help its outlook improve. The prior low ($81.63 on 5/31/23) defines the next important near-term support to watch. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Coca-Cola Femsa Posts 7th Consecutive Gain - 6/9/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CLH - NYSE Clean Harbors Pollution Control	$163.17	-1.26 -0.77%	$164.57	223,088 56.48% of 50 DAV 50 DAV is 395,000	$164.80 -0.99%	3/10/2023	$136.89	PP = $136.74
								MB = $143.58
Most Recent Note - 6/27/2023 5:36:07 PM G - Volume totals have cooled while hovering near its all-time high, extended from any sound base. Its 50 DMA line ($146.56) and prior high define important near-term support to watch on pullbacks. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Extended From Any Sound Base and Hovering Near High - 6/15/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (% 50 day avg vol)	52 Wk Hi % From Hi	Featured Date	Price Featured	Pivot Featured
								Max Buy
SPSC - NASDAQ SPS Commerce Comp Sftwr-Spec Enterprs	$189.05	-3.01 -1.57%	$191.02	63,564 35.12% of 50 DAV 50 DAV is 181,000	$192.67 -1.88%	4/24/2023	$150.01	PP = $157.56
								MB = $165.44
Most Recent Note - 6/28/2023 5:13:52 PM G - Volume was +46% above average behind today's gain while hitting another new 52-week high, getting very extended from the previously noted base. Reported Mar '23 quarterly earnings +22% on +20% versus the year-ago period, below the +25% minimum earnings guideline (C criteria) raising some fundamental concerns. >>> FEATURED STOCK ARTICLE : Perched Near High Following Noted Volume-Driven Gains - 6/21/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
HUBB - NYSE Hubbell Electrical-Power/Equipmt	$328.99	-2.57 -0.78%	$331.49	119,508 27.73% of 50 DAV 50 DAV is 431,000	$332.76 -1.13%	4/25/2023	$262.85	PP = $257.51
								MB = $270.39
Most Recent Note - 6/28/2023 5:10:08 PM G - Churning above-average volume while recently hovering near its all-time high, very extended from the prior base. Its 50 DMA line ($284) defines initial support to watch on pullbacks. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Hubbell on Track for 11th Weekly Gain - 6/22/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
NVR - NYSE NVR Bldg-Resident/Comml	$6,286.48	-64.14 -1.01%	$6,347.06	9,624 37.02% of 50 DAV 50 DAV is 26,000	$6,386.62 -1.57%	4/25/2023	$5,882.18	PP = $5,978.25
								MB = $6,277.16
Most Recent Note - 6/30/2023 5:37:15 PM G - Posted a gain today with below-average volume for a new high close, perched near its all-time high. Its 50 DMA line ($5,869) defines near-term support watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : New High Close for Strong Homebuilder - 6/30/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PHM - NYSE PulteGroup Bldg-Resident/Comml	$77.29	-0.39 -0.50%	$78.05	1,389,596 45.82% of 50 DAV 50 DAV is 3,033,000	$79.15 -2.35%	4/25/2023	$65.17	PP = $64.01
								MB = $67.21
Most Recent Note - 7/3/2023 4:11:46 PM G - Volume totals are cooling while consolidating near its all-time high, very extended from any sound base. Reported earnings +28% for the Mar '23 quarter versus the year-ago period. Important support to watch is defined by its 50 DMA line ($70). >>> FEATURED STOCK ARTICLE : Negative Reversal After Hitting Another New High - 6/26/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
COKE - NASDAQ Coca-Cola Consolidated Beverages-Non-Alcoholic	$639.48	+3.46 0.54%	$641.00	25,277 63.19% of 50 DAV 50 DAV is 40,000	$694.20 -7.88%	5/4/2023	$646.66	PP = $656.21
								MB = $689.02
Most Recent Note - 7/3/2023 4:10:16 PM Y - Consolidating near its 50 DMA line ($640). More damaging losses would raise concerns and trigger technical sell signals. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Fell Below Pivot Point With Recent Volume-Driven Losses - 6/14/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (% 50 day avg vol)	52 Wk Hi % From Hi	Featured Date	Price Featured	Pivot Featured
								Max Buy
AMPH - NASDAQ Amphastar Pharm Medical-Biomed/Biotech	$57.63	+0.16 0.28%	$58.80	332,141 70.07% of 50 DAV 50 DAV is 474,000	$58.80 -1.99%	5/15/2023	$43.56	PP = $44.15
								MB = $46.36
Most Recent Note - 6/30/2023 5:39:45 PM G - Posted a gain today with below-average volume for a 2nd-best-ever close. Very extended from any sound base. Its 50 DMA line ($45.23) and prior highs in the $44 area define important support to watch on pullbacks. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Hit Another New High With 4th Consecutive Volume-Driven Gain - 6/20/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
ANET - NYSE Arista Networks Computer-Networking	$159.90	-2.16 -1.33%	$161.86	921,649 24.86% of 50 DAV 50 DAV is 3,707,000	$178.36 -10.35%	5/30/2023	$176.35	PP = $171.54
								MB = $180.12
Most Recent Note - 6/27/2023 5:32:56 PM G - Rebounded above its 50 DMA line ($152.81) with below-average volume behind today's 2nd consecutive gain helping its outlook improve. Faces near-term resistance due to overhead supply up to the $178 level. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Rebounding Near Recent High With 3 Consecutive Gains - 6/12/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PANW - NASDAQ Palo Alto Networks Computer Sftwr-Security	$254.64	-0.87 -0.34%	$255.44	1,744,188 28.30% of 50 DAV 50 DAV is 6,163,000	$256.83 -0.85%	6/5/2023	$228.35	PP = $213.73
								MB = $224.42
Most Recent Note - 6/27/2023 5:29:16 PM G - Hit another new all-time high with today's gain. Very extended from the prior high ($213) which defines initial support to watch on pullbacks. Fundamentals remain strong. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Strength Continues for Network Security Leader - 6/27/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
LSCC - NASDAQ Lattice Semiconductor Elec-Semicondctor Fablss	$95.09	-0.98 -1.02%	$97.27	908,743 35.82% of 50 DAV 50 DAV is 2,537,000	$97.27 -2.24%	6/13/2023	$91.73	PP = $96.92
								MB = $101.77
Most Recent Note - 6/30/2023 5:41:52 PM Y - Posted a 5th consecutive gain today backed by below-average volume and managed a best-ever close. Its 50 DMA line ($84.55) defines near-term support to watch. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Reported Mar '23 quarterly earnings +38% on +22% sales revenues versus the year-ago period, its 9th consecutive strong quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has been strong. >>> FEATURED STOCK ARTICLE : Lattice Posts Volume-Driven Gains Approaching Prior High - 6/13/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
XPEL - NASDAQ XPEL Auto/Truck-Replace Parts	$83.99	-0.23 -0.27%	$84.78	80,701 61.60% of 50 DAV 50 DAV is 131,000	$87.01 -3.47%	6/28/2023	$83.14	PP = $87.11
								MB = $91.47
Most Recent Note - 6/28/2023 5:04:54 PM Y - Color code was changed to yellow with pivot point cited based on its 8/15/23 high plus 10 cents when featured in the earlier mid-day report. Perched within striking distance of its 52-week high after an orderly 10-month base. Reported Mar '23 quarterly earnings +46% on +19% sales revenues versus the year ago period, its 3rd quarterly comparison above the +25% minimum earnings guideline (C criteria), helping it better match the winning models of the fact-based investment system. Annual earnings growth remained strong while it went through a deep consolidation since dropped from the Featured Stocks list on 8/13/21. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : XPEL Returns to Featured Stocks List After Long Consolidation - 6/28/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (% 50 day avg vol)	52 Wk Hi % From Hi	Featured Date	Price Featured	Pivot Featured
								Max Buy

THESE ARE NOT BUY RECOMMENDATIONS! Comments contained in the body of this report are technical opinions only. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. This site is not an investment advisor, hence it does not endorse or recommend any securities or other investments. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. All trademarks, service marks and trade names appearing in this report are the property of their respective owners, and are likewise used for identification purposes only.

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