Mid-Day Breakouts Report - Tuesday, January 16th, 2024

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MIDDAY BREAKOUTS REPORT - TUESDAY, JANUARY 16TH, 2024
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DOW 37362.8 -230.18 (-0.61%) | NASDAQ 14934.85 -37.91 (-0.25%) | S&P 500 4767.18 -16.65 (-0.35%)

Time of Screening : 1/16/2024 12:22:44 PM Report Released : 1/16/2024 1:03:28 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 65% of 50 Day Average at the time of the screening.
More details about this report...

To View Current Notes and Data on currently Featured Stocks go to the latest
Featured Stocks Page

NONE OF OUR FEATURED STOCKS MET TODAY'S SCREENING CRITERIA FOR VOLUME AND PRICE ACTION.

Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
CAMT - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Camtek Ltd	$73.96	+3.00 4.23%	$76.14	$73.59	0.50%	335,439 69.59%	482,000
Most Recent Note for CAMT - 1/16/2024 12:26:01 PM Hitting a new 52-week high with today's volume-driven gain. Noted with caution in prior mid-day reports - "Fundamental concerns remain after it reported Sep '23 quarterly earnings +6% on -2% sales revenues versus the year ago period."
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CDNS - NASDAQ - Computer Sftwr-Design Cadence Design Systems	$276.69	+8.19 3.05%	$278.86	$279.33	-0.95%	1,113,918 78.78%	1,414,000
Most Recent Note for CDNS - 1/16/2024 12:30:58 PM Rebounding near its all-time high with today's 4th consecutive gain. Reported earnings +19% on +13% sales revenues for the Sep '23 quarter versus the year-ago period and prior quarterly comparisons were not strong and steady above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been strong and steady. Has a new CEO as of 12/15/21.
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CPLP - NASDAQ - Transportation-Ship Capital Product Ptnrs Lp	$17.00	-0.05 -0.29%	$17.09	$17.30	-1.73%	109,028 96.48%	113,000
Most Recent Note for CPLP - 1/16/2024 12:31:25 PM Reported earnings +47% on +33% sales revenues for the Sep '23 quarter versus the year ago period. Prior quarterly comparisons were subpar. Not a match with the fundamental guidelines of the fact-based system.
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DB - NYSE - BANKING - Money Center Banks Deutsche Bk Ag Adr	$12.90	-0.19 -1.47%	$12.94	$14.02	-8.00%	2,082,015 83.08%	2,506,000
Most Recent Note for DB - 1/16/2024 12:33:34 PM Pulling back today for a 3rd consecutive volume-driven loss, retreating near its 50 DMA line ($12.66) from its 52-week highs after wedging higher with recent small gains backed by average volume. Noted in prior mid-day reports with caution - "Erratic quarterly and annual earnings history leaves fundamental concerns."
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FICO - NYSE - Computer Sftwr-Financial Fair Isaac Corp	$1,228.00	-2.99 -0.24%	$1,254.42	$1,231.50	-0.28%	123,018 68.73%	179,000
Most Recent Note for FICO - 1/16/2024 12:35:39 PM Reversed into the red after hitting a new all-time high today following 5 consecutive gains lacking great volume conviction. Reported Sep '23 quarterly earnings +14% on +12% sales revenues versus the year-ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been steady.
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HOV - NYSE - MATERIALS & CONSTRUCTION - Residential Construction Hovnanian Enterprises A	$153.24	-7.81 -4.85%	$160.98	$167.39	-8.45%	61,767 71.82%	86,000
Most Recent Note for HOV - 1/16/2024 12:41:51 PM Hovering near multi-year highs. Fundamental concerns remain as its quarterly and annual earnings history (C and A criteria) are not a match with the fact-based investment system's guidelines.
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HTGC - NYSE - FINANCIAL SERVICES - Closed-End Fund - Debt Hercules Tech Growth Cap	$16.98	-0.60 -3.41%	$17.39	$18.05	-5.93%	867,639 78.45%	1,106,000
Most Recent Note for HTGC - 1/16/2024 12:43:19 PM Pulling back today after it was perched within close striking distance of its 52-week high. Reported Sep '23 quarterly earnings +33% on +39% sales revenues versus the year ago period, its 4th consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has not been strong and steady, not a good match with the fact-based investment system's guidelines.
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JFIN - NASDAQ - Financial Svcs-Specialty Jiayin Group Cl A	$7.07	+0.46 6.88%	$7.14	$8.19	-13.74%	250,883 491.93%	51,000
Most Recent Note for JFIN - 1/16/2024 12:47:24 PM China-based firm is powering higher with today's 6th volume-driven gain in the span of 7 sessions. Reported Sep '23 quarterly earnings +28% on +60% sales revenues versus the year-ago period, and 3 of the 4 latest quarterly earnings comparisons were above the +25% minimum guideline (C criteria). There was a downturn in FY '19 and '20 earnings, and fundamental concerns remain.
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JPM - NYSE - BANKING - Money Center Banks J P Morgan Chase & Co	$166.63	-2.42 -1.43%	$167.96	$176.31	-5.49%	7,703,894 85.41%	9,020,000
Most Recent Note for JPM - 1/16/2024 12:48:45 PM Pulling back further today following a "negative reversal" on the prior session after hitting a new 52-week high. Reported earnings +19% on +12% sales revenues for the Dec '23 quarter versus the year-ago period, below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history is not a great match with the fact-based investment system's fundamental guidelines. Went through a deep consolidation since noted with caution in the 10/13/21 mid-day report.
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RMBS - NASDAQ - ELECTRONICS - Semiconductor - Memory Chips Rambus Inc	$69.74	+3.77 5.71%	$71.93	$71.90	-3.00%	1,229,529 73.14%	1,681,000
Most Recent Note for RMBS - 1/16/2024 12:52:12 PM Touched a new 52-week high with today's gain backed by above average volume. Reported Sep '23 quarterly earnings -4% on -6% sales revenues versus the year-ago period and fundamental concerns remain.
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SNPS - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software Synopsys Inc	$509.57	+15.17 3.07%	$517.25	$573.77	-11.19%	1,812,505 169.71%	1,068,000
Most Recent Note for SNPS - 1/16/2024 12:53:34 PM Sputtering below its 50 DMA line ($526) in recent weeks after retreating from its all-time high with volume-driven losses. Reported Oct '23 quarterly earnings +66% on +25% sales revenues versus the year ago period, its 2nd strong quarter. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). It went through a deep consolidation then rebounded impressively since dropped from the Featured Stocks list on 9/01/22.
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STLA - NYSE - Auto Manufacturers Stallantis NV	$21.66	-0.65 -2.89%	$21.71	$23.66	-8.47%	4,749,537 91.87%	5,170,000
Most Recent Note for STLA - 1/16/2024 12:58:02 PM Gapped down today for a volume-driven loss undercutting its 50 DMA line ($21.72). Retreating after recently wedging up to touch a new all-time high. Reported Mar and Jun '23 quarterly earnings +42% on +16% sales revenues versus the year ago periods. Annual earnings growth was strong after a downturn in FY '20.
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TIPT - NASDAQ - Financial Svcs-Specialty Tiptree Financial Cl A	$19.97	-0.55 -2.68%	$20.63	$20.80	-3.99%	66,373 79.02%	84,000
Most Recent Note for TIPT - 1/16/2024 12:58:50 PM Churning above average volume while hovering near its all-time high following volume-driven gains. Faces no resistance due to overhead supply. Reported Sep '23 earnings +21% on +15% sales revenues versus the year ago period and fundamental concerns remain as 3 of the 4 latest quarterly comparisons were below the +25% minimum earnings guideline (C criteria).
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TK - NYSE - TRANSPORTATION - Shipping Teekay Corp	$8.15	+0.06 0.68%	$8.30	$8.29	-1.75%	613,531 96.92%	633,000
Most Recent Note for TK - 1/16/2024 1:00:02 PM Perched at its 52-week high with today's gain adding to noted volume-driven gains. Reported Sep '23 quarterly earnings +80% on +3% sales revenues versus the year-ago period. Earnings were very strong in prior quarterly comparisons versus the year-ago periods, however its sales revenues growth rate has show worrisome sequential deceleration in quarterly comparisons. Annual earnings history has been erratic.
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TRAK - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software DealerTrack Technologies	$11.50	+0.35 3.09%	$11.67	$11.27	2.00%	59,609 126.83%	47,000
Most Recent Note for TRAK - 1/16/2024 1:02:16 PM Hitting new multi-year highs with today's volume-driven gain. Found prompt support near its 50 DMA line ($10.20) during recent consolidations. Reported Sep '23 quarterly earnings +17% on +7% sales revenues versus the year ago period. Prior quarterly and annual earnings history and sales revenues growth rate is not a match with the fact-based investment system's fundamental guidelines.
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