Mid-Day Breakouts Report - Thursday, January 25th, 2024

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MIDDAY BREAKOUTS REPORT - THURSDAY, JANUARY 25TH, 2024
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DOW 37804.41 -1.98 (-0.01%) | NASDAQ 15521.8 39.88 (0.26%) | S&P 500 4880.17 11.62 (0.24%)

Time of Screening : 1/25/2024 1:03:22 PM Report Released : 1/25/2024 1:58:25 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 90% 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

Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (50 DAV)	52 Wk Hi % From Hi	Date Featured	Price Featured	Pivot Point
Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (50 DAV)	52 Wk Hi % From Hi	Date Featured	Price Featured	Max Buy
URI - NYSE United Rentals Inc	$648.58	+71.68 12.43%	$658.51	1,839,300 274.93% of 50 DAV 50 DAV is 669,000	$591.67 9.62%	1/24/2024	$576.90	PP = $585.60 MB = $614.88
Most Recent Note - 1/25/2024 1:55:02 PM Y - Gapped up today and rallied to a new all-time high (and above the "max buy" level) with heavy volume triggering a technical buy signal while blasting above the recent pivot point cited based on its 12/26/23 high plus 10 cents. Reported Dec '23 quarterly earnings +16% on +13% sales revenues versus the year-ago period, below the +25% minimum earnings guideline (C criteria) raising fundamental concerns. Its prior low ($533.70) and 50 DMA line define near-term support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 1/24/2024. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AIT - NYSE - WHOLESALE - Industrial Equipment Wholesale Applied Industrial Tech	$177.02	+1.52 0.87%	$182.96	$178.96	-1.08%	209,944 112.27%	187,000
Most Recent Note for AIT - 1/25/2024 1:08:42 PM Hitting new 52-week and all-time highs with today's volume-driven gain. Found prompt support near its 50 DMA line ($168). Reported Dec '23 quarterly earnings +8% on +2% sales revenues versus the year-ago period, its 3rd consecutive quarterly comparison showing an earnings increases below the +25% minimum guideline (C criteria). Annual earnings (A criteria) growth has been strong.
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ASML - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate A S M L Holding N.V. NY	$874.25	+26.94 3.18%	$883.28	$864.59	1.12%	2,493,015 245.38%	1,016,000
Most Recent Note for ASML - 1/25/2024 1:10:46 PM Found support at its 50 DMA line then rallied to hit a new 52-week highs again with today's 2nd gap and and 7th consecutive volume-driven gain. Reported Dec '23 quarterly earnings +17% on +16% sales revenues versus the year ago period, its 2nd quarterly earnings increase below the +25% minimum earnings guideline (C criteria). Went through a long choppy consolidation since dropped from the Featured Stocks list on 10/01/21.
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BBVA - NYSE - BANKING - Foreign Regional Banks Banco Bilbao Viz Arg Adr	$8.74	-0.17 -1.85%	$8.83	$9.52	-8.25%	1,091,795 105.59%	1,034,000
Most Recent Note for BBVA - 1/25/2024 1:12:49 PM Sputtering below its 50 DMA line ($9.06). Reported Sep '23 quarterly earnings +27% on +31% sales revenues versus the year-ago period, its 3rd consecutive quarterly comparison above the +25% minimum earnings guideline. This Spanish banking firm's annual earnings growth has been strong after a downturn in FY '20. Due to report Dec '23 quarterly earnings results on 1/30/24. Volume and volatility often increase near earnings news.
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CAT - NYSE - MANUFACTURING - Farm & Construction Machinery Caterpillar Inc	$297.28	+6.60 2.27%	$303.31	$299.20	-0.64%	2,663,845 92.66%	2,875,000
Most Recent Note for CAT - 1/25/2024 1:17:10 PM Goliath company in the Machinery - Construction/Mining industry touched a new all-time high with above average volume behind today's 6th consecutive small gain. Reported Sep '23 quarterly earnings +40% on +12% sales revenues versus the year ago period its 6th strong quarterly comparison. Annual earnings (A criteria) growth has been strong after a downtun in FY '20 like many companies during the pandemic.
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DDOG - NASDAQ - Computer Sftwr-Enterprse Datadog Inc	$122.05	-0.53 -0.43%	$123.69	$136.08	-10.31%	4,277,667 116.08%	3,685,000
Most Recent Note for DDOG - 1/25/2024 1:20:50 PM Retreating from its 52-week high near its 50 DMA line ($118.30) with today's 3rd consecutive volume-driven loss. Faces some resistance due to old overhead supply up to the $184 level. Patient investors may watch for a new base or secondary buy point to possibly develop in the weeks ahead. Reported Sep '23 quarterly earnings +96% on +25% sales revenues versus the year-ago period, and 3 of the 4 latest quarterly comparisons were well above the +25% minimum earnings guideline (C criteria). Its annual earnings (A criteria) history has been strong since completing its $27 IPO on 9/19/19.
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ELTK - NASDAQ - ELECTRONICS - Printed Circuit Boards Eltek Ltd	$19.95	+1.72 9.43%	$19.95	$18.78	6.23%	103,601 96.82%	107,000
Most Recent Note for ELTK - 1/25/2024 1:22:00 PM Israel-based maker of circuit boards is extended from any sound base and hitting new multi-year highs. On 1/17/24 it broke out of a 5-week base. Reported Sep '23 quarterly earnings +112% on +15% sales revenues versus the year-ago period. Its 50 DMA line ($13.28) and prior highs in the $11 area define important near-term support. Earnings increases in the 3 latest quarterly comparisons were above the +25% minimum guideline (C criteria) but fundamental concerns remain after a downturn in FY '22 earnings (A criteria).
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GASS - NASDAQ - Transportation-Ship Stealthgas Inc	$7.37	-0.04 -0.47%	$7.64	$7.54	-2.32%	224,172 90.76%	247,000
Most Recent Note for GASS - 1/25/2024 1:25:01 PM It has been wedging higher in recent weeks with gains lacking great volume conviction. Reversed into the red after today's early gain for new multi-year highs. Prior mid-day reports cautioned members - "Fundamental concerns remain due to its erratic sales revenues and earnings history."
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GVA - NYSE - MATERIALS & CONSTRUCTION - Heavy Construction Granite Construction Inc	$45.41	+0.70 1.57%	$45.88	$52.24	-13.07%	565,316 167.25%	338,000
Most Recent Note for GVA - 1/25/2024 1:29:35 PM Slumped below its 50 DMA line with recent volume-driven losses. Reported improved earnings in the Jun and Sep '23 quarter versus the year ago periods. Fundamental concerns remain.
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HMY - NYSE - METALS & MINING - Gold Harmony Gold Mng Co Adr	$6.26	+0.53 9.16%	$6.36	$6.58	-4.94%	4,611,169 98.45%	4,684,000
Most Recent Note for HMY - 1/25/2024 1:32:51 PM Gapped up today rebounding from below its 50 DMA line ($5.88) toward the Dec '23 multi-year highs. Prior mid-day reports noted - "Quarterly and annual earnings history (C and A criteria) and sales revenues growth is not a match with the fact-based investment system's fundamental guidelines."
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HWM - NYSE - Steel-Specialty Alloys Howmet Aerospace inc	$55.80	-0.54 -0.96%	$56.57	$57.04	-2.17%	4,073,225 163.71%	2,488,000
Most Recent Note for HWM - 1/25/2024 1:33:57 PM Retreating from its all-time high with today's volume-driven loss. Recent quarterly comparisons through Sep '23 showed earnings increases above the +25% minimum guideline (C criteria) versus the year-ago period. Annual earnings (A criteria) history has improved after a downturn in FY '19 and '20.
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IHG - NYSE - LEISURE - Lodging Intercontinental Hotels	$95.82	+0.26 0.27%	$96.15	$96.80	-1.01%	129,321 91.07%	142,000
Most Recent Note for IHG - 1/25/2024 1:35:57 PM Recently noted while wedging to new all-time highs with gains lacking great volume conviction. Reported earnings +50% on +24% sales revenues for the quarter ended June 30th, 2023 versus the year ago period and prior quarterly comparisons were well above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) included a big downturn in FY '20.
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JHX - NYSE - MATERIALS & CONSTRUCTION - Cement James Hardie Ind Plc Adr	$36.43	+0.60 1.67%	$36.57	$39.01	-6.61%	196,587 302.44%	65,000
Most Recent Note for JHX - 1/25/2024 1:38:01 PM This Ireland-based cement firm retreated from its 52-week high toward its 50 DMA line ($34.82) with a volume-driven loss. Steadily rallied after clearing its Aug '23 high with volume-driven gains. Noted in prior mid-day reports with caution - "Reported earnings +5% on +0% sales revenues for the Sep '23 quarter versus the year ago period, its 6th consecutive quarterly comparison well below the +25% minimum earnings guideline (C criteria)."
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LOGI - NASDAQ - COMPUTER HARDWARE - Computer Peripherals Logitech Intl Sa	$85.51	-1.64 -1.88%	$86.93	$96.66	-11.54%	391,239 99.81%	392,000
Most Recent Note for LOGI - 1/25/2024 1:39:54 PM Gapped down on 1/23/24 violating its 50 DMA line ($90.34), abruptly retreating from its 52-week high. Prior mid-day reports cautioned members - <i>"Reported Dec '23 quarterly earnings +34% on -1% sales revenues versus the year ago period. Fundamentals deteriorated and it went through a deep consolidation since dropped from the Featured Stocks list on 8/03/21 when noted with caution."</i>
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NFLX - NASDAQ - SPECIALTY RETAIL - Music & Video Stores Netflix Inc	$556.54	+11.67 2.14%	$559.55	$562.50	-1.06%	4,771,006 102.14%	4,671,000
Most Recent Note for NFLX - 1/25/2024 1:41:54 PM Gapped up on the prior session hitting a new 52-week high after consolidating above its 50 DMA line. Reported very strong Dec '23 quarterly earnings on +12% sales revenues versus the year ago period. Prior mid-day reports noted - "Through the Sep '23 quarter its earnings increases have been below the +25% minimum earnings guideline (C criteria), not a match with the winning models of the fact-based investment system. Annual earnings (A criteria) history had a downturn in FY '22. It was dropped from the Featured Stocks list on 10/30/20."
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NOW - NYSE - Computer Sftwr-Enterprse Servicenow Inc	$768.00	+4.58 0.60%	$783.88	$775.96	-1.03%	1,979,698 178.83%	1,107,000
Most Recent Note for NOW - 1/25/2024 1:44:22 PM Extended from any sound base and hitting new all-time highs with today's 6th consecutive gain. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Reported Dec '23 quarterly earnings +36% on +26% sales revenues versus the year-ago period, its 6th quarterly comparison above the +25% minimum guideline (C criteria) of the fact-based investment system. Went through a deep consolidation since noted with caution in the 10/28/21 mid-day report near its all-time high.
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OSIS - NASDAQ - Aerospace/Defense O S I Systems Inc	$130.74	+2.05 1.59%	$139.61	$139.90	-6.55%	116,747 134.19%	87,000
Most Recent Note for OSIS - 1/25/2024 1:45:51 PM Challenged its 52-week and all-time high with today's early gain. Reported earnings +86% on +26% sales revenues for the Dec '22 quarter versus the year ago period. Prior quarterly earnings comparisons were not strong and steady above the +25% minimum guideline (C criteria). Annual earnings (A criteria) growth history has been slow and steady. It survived but failed to impress since dropped from the Featured Stocks list on 11/15/12.
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SAP - NYSE - COMPUTER SOFTWARE & SERVICES - Application Software S A P Ag Adr	$173.76	-0.85 -0.49%	$175.97	$176.39	-1.49%	957,448 121.20%	790,000
Most Recent Note for SAP - 1/25/2024 1:47:08 PM Gapped up on the prior session hitting a new all-time high. Found support at its 50 DMA line ($156) during the recent consolidation. Reported earnings +48% on +8% sales revenues for the quarter ended Dec 31, 2023 versus the year ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) had a big doiwnturn in FY '22. It also has a huge supply of 1.17 billion shares outstanding (S criteria), making it less likely to be a good sprinter.
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SHW - NYSE - MATERIALS & CONSTRUCTION - General Building Materials Sherwin-Williams Co	$297.61	-3.46 -1.15%	$305.98	$314.14	-5.26%	2,142,160 144.74%	1,480,000
Most Recent Note for SHW - 1/25/2024 1:50:36 PM Slumping near its 50 DMA line ($125) with heavier volume behind today's 3rd consecutive loss. Reported earnings -4% on +0% sales revenues for the Dec '23 quarter versus the year ago period, its 2nd quarterly comparison below the +25% minimum earnings guideline (C criteria). Last noted with caution in the 9/15/23 mid-day report - "Sequentially showing deceleration in its sales revenues growth rate. Annual earnings (A criteria) history included a slight downturn in FY '21."
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WRB - NYSE - Insurance-Prop/Cas/Titl Berkley W R Corp	$82.91	+5.22 6.72%	$85.01	$78.27	5.93%	1,398,608 109.10%	1,282,000
Most Recent Note for WRB - 1/25/2024 1:58:20 PM Breakaway gap today for a new all-time high with a big volume-driven gain. Shares split 3:2 effective 3/24/22. Reported earnings +25% on +7% sales revenues for the Dec '23 quarter versus the year ago period. Prior quarterly comparisons have not shown strong and steady earnings increases above the +25% minimum guideline (C criteria). Fundamental concerns remain.
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