Mid-Day Breakouts Report - Thursday, February 1st, 2024

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MIDDAY BREAKOUTS REPORT - THURSDAY, FEBRUARY 1ST, 2024
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DOW 38232.88 82.58 (0.22%) | NASDAQ 15236.07 72.06 (0.48%) | S&P 500 4866.05 20.4 (0.42%)

Time of Screening : 2/1/2024 11:49:38 AM Report Released : 2/1/2024 12:22:09 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 75% 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
BBVA - NYSE - BANKING - Foreign Regional Banks Banco Bilbao Viz Arg Adr	$9.40	+0.07 0.70%	$9.49	$9.52	-1.31%	1,030,826 105.29%	979,000
Most Recent Note for BBVA - 2/1/2024 11:51:45 AM Rebounding near its 52-week high with a streak of volume-driven gains. Volume and volatility often increase near earnings news. Reported Dec '23 quarterly earnings +51% on +14% sales revenues versus the year-ago period, its 4th 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.
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BR - NYSE - Financial Svcs-Specialty Broadridge Finl Sltns	$197.86	-6.34 -3.10%	$203.34	$210.24	-5.89%	441,081 78.07%	565,000
Most Recent Note for BR - 2/1/2024 11:53:04 AM Slumping from its 52-week high and testing its 50 DMA line with volume-driven losses. Fundamental concerns remain as when noted with caution in prior mid-day reports - "Prior quarterly earnings increase were not strong and steady above the +25% minimum guideline (C criteria)."
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CAH - NYSE - WHOLESALE - Drugs Wholesale Cardinal Health Inc	$104.42	-4.77 -4.37%	$105.00	$111.40	-6.27%	2,085,438 101.53%	2,054,000
Most Recent Note for CAH - 2/1/2024 11:55:27 AM Gapped down today violating its 50 DMA line while retreating from its all-time high hit on the prior session. Reported Dec '23 quarterly earnings +38% on +12% sales revenues following up on the strong earnings increases in the Jun and Sep '23 quarters versus the year-ago periods. Prior quarterly and annual earnings history (C and A criteria) has not been a match with the fact-based investment system's fundamental guidelines.
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CLS - NYSE - Elec-Contract Mfg Celestica Inc	$35.61	+1.25 3.62%	$35.72	$35.23	1.06%	1,492,898 82.94%	1,800,000
Most Recent Note for CLS - 2/1/2024 11:56:53 AM Extended from any sound base and hitting a new 52-week high with today's 7th volume-driven gain after finding prompt support near its 50 DMA line. Reported earnings +36% on +5% sales revenues for the Dec '23 quarter versus the year ago period, and 6 of the last 7 quarterly comparisons were at or above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been strong since bottoming in FY '19.
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CSWC - NASDAQ - FINANCIAL SERVICES - Closed-End Fund - Equity Capital Southwest Corp	$23.87	-0.69 -2.81%	$24.69	$26.17	-8.79%	328,961 89.88%	366,000
Most Recent Note for CSWC - 2/1/2024 11:57:35 AM Retreating from its 52-week high and testing its 50 DMA line with today's 2nd consecutive volume-driven loss. Reported Dec '23 quarterly earnings +13% on +48% sales revenues versus the year ago period, breaking a streak of increases above the +25% minimum guideline (C criteria). Annual earnings growth has been strong since turning profitable in FY '17.
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ETN - NYSE - MANUFACTURING - Diversified Machinery Eaton Corp Plc	$259.65	+13.57 5.51%	$262.00	$251.14	3.39%	1,254,180 84.17%	1,490,000
Most Recent Note for ETN - 2/1/2024 11:59:19 AM Gapped up today hitting a new all-time high. Reported Dec'23 quarterly earnings +24% on +11% sales revenues versus the year-ago period. Prior mid-day reports noted - "Its subpar sales revenues and earnings growth history remain a concern, fundamentally."
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FCNCA - NASDAQ - BANKING - Regional - Mid-Atlantic Banks First Citizens Bancshs A	$1,472.82	-37.18 -2.46%	$1,516.23	$1,551.53	-5.07%	66,891 84.67%	79,000
Most Recent Note for FCNCA - 2/1/2024 12:00:16 PM Hovering near its 52-week high and finding support near its 50 DMA line ($1,433) while building an orderly 5-month base. Reported very strong Jun, Sep, and Dec '23 quarterly results after Mar '23 quarterly earnings (+6%) were below the +25% minimum earnings guideline (C criteria).
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FLEX - NASDAQ - Elec-Contract Mfg Flex Ltd	$24.51	+0.77 3.24%	$25.96	$24.18	1.36%	7,622,008 131.23%	5,808,000
Most Recent Note for FLEX - 2/1/2024 12:01:09 PM Gapped up today powering to a new 52-week high with today's volume-driven gain adding to a recent spurt higher. Found support at its 200 DMA line in recent weeks. Reported Sep '23 quarterly earnings +8% on -4% sales revenues versus the year-ago period and fundamental concerns remain. Quarterly earnings (C criteria) history is not a match with the fact-based investment system's guidelines.
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HMY - NYSE - METALS & MINING - Gold Harmony Gold Mng Co Adr	$6.67	+0.48 7.67%	$6.68	$6.58	1.29%	7,633,826 163.89%	4,658,000
Most Recent Note for HMY - 2/1/2024 12:03:35 PM Gapped up today and rallied to new 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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IHG - NYSE - LEISURE - Lodging Intercontinental Hotels	$95.62	+0.36 0.38%	$95.94	$96.86	-1.28%	105,129 77.30%	136,000
Most Recent Note for IHG - 2/1/2024 12:03:58 PM Stubbornly holding its ground while recently 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	$37.52	-0.04 -0.11%	$37.84	$39.01	-3.82%	53,134 84.34%	63,000
Most Recent Note for JHX - 2/1/2024 12:05:46 PM This Ireland-based cement firm is hovering near its 52-week high and above its 50 DMA line ($35.48). 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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MGRC - NASDAQ - DIVERSIFIED SERVICES - Rental & Leasing Services Mcgrath Rentcorp	$127.15	+1.50 1.19%	$127.85	$127.02	0.10%	189,012 101.62%	186,000
Most Recent Note for MGRC - 2/1/2024 12:06:09 PM Hit a new all-time high with volume-driven gains following M&A news. Sep '23 quarterly earnings rose +32% on +16% sales revenues 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) history had a downturn in FY '21.
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PH - NYSE - MANUFACTURING - Industrial Equipment & Compone Parker-Hannifin Corp	$486.41	+21.91 4.72%	$496.40	$479.14	1.52%	708,367 125.37%	565,000
Most Recent Note for PH - 2/1/2024 12:10:57 PM Gapped up today hitting a new all-time high, very extended from any sound base. Reported Dec '23 quarterly earnings +29% on +3% sales revenues versus the year-ago period. This giant machinery firm's prior quarterly comparisons were not strong and steady above the +25% minimum guideline (C criteria). Annual earnings history (A criteria) has been strong and steady.
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PNNT - NASDAQ - Finance-Investment Mgmt Pennantpark Investment	$6.90	-0.14 -1.99%	$7.08	$7.27	-5.09%	404,710 101.43%	399,000
Most Recent Note for PNNT - 2/1/2024 12:11:43 PM Consolidating near its 50 DMA line. Faces some old resistance due to overhead supply up to the $8 level. Reported Sep '23 quarterly earnings +71% on +18% sales revenues versus the year-ago period, its 3rd strong quarterly comparison with earnings above the +25% minimum earnings guideline (C criteria) versus the year-ago period. Annual earnings history (A criteria) had a downturn from FY '17-21 then improved in FY '22 and even better in '23.
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POWL - NASDAQ - MANUFACTURING - Industrial Electrical Equipmen Powell Industries Inc	$113.68	-4.85 -4.09%	$120.18	$125.49	-9.41%	206,743 99.40%	208,000
Most Recent Note for POWL - 2/1/2024 12:12:27 PM Holding its ground after hitting a new 52-week high with a considerable gap up gain on the prior session marked by heavy volume. Reported very strong Dec '23 quarterly earnings on +53% sales revenues continuing a streak of greatly improved earnings in recent quarterly comparisons versus the year-ago periods. Erratic annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines.
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PTC - NASDAQ - Computer Sftwr-Design P T C Inc	$178.28	-2.37 -1.31%	$182.79	$185.08	-3.67%	734,557 90.13%	815,000
Most Recent Note for PTC - 2/1/2024 12:13:37 PM Pulling back from its 52-week high with today's 3rd volume-driven loss. Reported Dec '23 quarterly earnings +12% on +18% sales revenues versus the year-ago period. Prior quarterly comparisons have not shown strong and steady earnings increases above the +25% minimum guideline (C criteria). Annual earnings growth has been good after a downturn in FY '16 and '17.
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RACE - NYSE - Auto Manufacturers Ferrari NV	$384.04	+38.12 11.02%	$384.36	$372.42	3.12%	925,462 273.00%	339,000
Most Recent Note for RACE - 2/1/2024 12:17:29 PM Gapped up today hitting a new all-time high with a big volume-driven gain. Reported Dec '23 quarterly earnings +38% on +15% sales revenues versus the year ago period, its 3rd quarterly comparison well above the +25% minimum earnings guideline (C criteria). Its annual earnings (A criteria) history has been strong after a downturn in FY '20.
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RCL - NYSE - LEISURE - General Entertainment Royal Caribbean Cruises	$123.15	-4.35 -3.41%	$133.77	$130.97	-5.97%	3,586,834 143.99%	2,491,000
Most Recent Note for RCL - 2/1/2024 12:19:40 PM Reversed into the red after hitting a new 52-week high today. Reported earnings versus a loss on +28% sales revenues for the Dec '23 quarter versus the year ago period. Fundamental concerns remain.
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SMCI - NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev Super Micro Computer Inc	$562.75	+33.14 6.26%	$566.98	$554.44	1.50%	6,288,769 126.66%	4,965,000
Most Recent Note for SMCI - 2/1/2024 12:20:12 PM Powering to new all-time highs with yet another volume-driven gain. Recently rallied from its 50 DMA line. Reported Dec '23 quarterly earnings +71% on +103% sales revenues versus the year-ago period. Two of the 3 latest quarterly earnings increases were above the +25% minimum guideline (C criteria). Its annual earnings history (A criteria) had a downturn in FY '21.
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TT - NYSE - Machinery-Gen Industrial Trane Technologies Plc	$267.07	+15.02 5.96%	$269.78	$259.09	3.08%	1,022,910 96.68%	1,058,000
Most Recent Note for TT - 2/1/2024 12:21:40 PM Gapped up today hitting a new all-time high. Reported Dec '23 quarterly earnings +19% on +9% sales revenues versus the year-ago period, its 3rd quarterly earnings increase below the +25% minimum guideline (C criteria). Fundamental concerns remain. There was a downturn in FY '19 and '20 earnings (A criteria).
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