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 MIDDAY BREAKOUTS REPORT - FRIDAY, FEBRUARY 2ND, 2024
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DOW 38587.68 67.84 (0.18%) | NASDAQ 15637.15 275.51 (1.79%) | S&P 500 4960.71 53.65 (1.09%)
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Time of Screening :
2/2/2024 1:10:33 PM Report Released :
2/2/2024 1:38:44 PM
Price is:
Above 52W High and Less Than 52W High
but within 15% of the 52 Week High
Volume Is:
At least 120% of 50 Day Average at
the time of the screening.
More details about this report...
At around
mid-way through each trading day we run
a screen against our database of
high-ranked stocks, searching for
possible buy candidates that are trading
at or near their 52-week high on above
average volume. The results of that
screen are split into the two sections
you see below. The first, titled
"TODAY's FEATURED STOCKS" shows stocks
that our experts have recently
identified as among the strongest candidates to
consider. Stocks highlighted in yellow
are the most timely and noteworthy, so
particular attention and prompt action
may be appropriate. The second section,
titled "TODAY's BREAKOUT SCREEN" shows
the remainder of stocks meeting today's
screen parameters. Our experts have
reviewed and included notes on these
stocks as well, but found that they may
not match up as favorably.
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Y - Today's strongest
candidates
highlighted
by our staff
of experts.
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G - Previously featured in
this report as yellow and
now may no longer be buyable
under the guidelines.
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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 |
|
Max Buy |
ANET
- NYSE
Arista Networks, Inc
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$276.69
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+13.71
5.21%
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$276.99
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2,023,089
123.13% of 50 DAV
50 DAV is 1,643,000
|
$272.90
1.39%
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10/31/2023 |
$188.84
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PP = $198.80
MB = $208.74 |
Most Recent Note - 2/2/2024 1:13:26 PM
G - Gapped up today rallying to a new all-time high. Extended from any sound base, its 50 DMA line ($239) defines near-term support above the prior low ($226.60 on 1/04/24) area. Fundamentals remain strong.
>>> The latest Featured Stock Update with an annotated graph appeared on 2/1/2024. Click here.
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SEC |
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A N
S L
I M
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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
AMZN
- NASDAQ - INTERNET - Internet Software & Services
Amazon.com Inc
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$172.37 |
+13.09
8.22%
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$172.50
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$161.73
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6.58% |
71,769,699
152.96%
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46,921,000
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Most Recent Note for AMZN - 2/2/2024 1:12:04 PM
Gapped up today hitting a new 52-week high. Reported strong earnings on +14% sales revenues for the Dec '23 quarter versus the year-ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria) and there was a loss in FY '22. Not a match with the fact-based investment system's fundamental guidelines.
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A N
S L
I M
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BBVA
- NYSE - BANKING - Foreign Regional Banks
Banco Bilbao Viz Arg Adr
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$9.68 |
+0.18
1.84%
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$9.69
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$9.52
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1.63% |
1,635,496
167.92%
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974,000
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Most Recent Note for BBVA - 2/2/2024 1:14:09 PM
Rallying to a new 52-week high with today's gain adding to 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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A N
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I M
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DB
- NYSE - BANKING - Money Center Banks
Deutsche Bk Ag Adr
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$13.85 |
+0.25
1.84%
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$13.86
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$14.02
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-1.21% |
3,857,848
149.99%
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2,572,000
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Most Recent Note for DB - 2/2/2024 1:15:36 PM
Rebounding toward its 52-week high with today's 2nd volume-driven gain. Found prompt support near its 50 DMA line ($13.07). Noted in prior mid-day reports with caution - "Erratic quarterly and annual earnings history leaves fundamental concerns."
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A N
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I M
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DDOG
- NASDAQ - Computer Sftwr-Enterprse
Datadog Inc
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$135.17 |
+8.27
6.51%
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$135.22
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$136.08
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-0.67% |
4,676,003
125.19%
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3,735,000
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Most Recent Note for DDOG - 2/2/2024 1:16:44 PM
Challenging its 52-week high with today's gap up gain after finding support above its 50 DMA line ($120.55). 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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DECK
- NYSE - Apparel-Clothing Mfg
Deckers Outdoor Corp
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$897.00 |
+124.15
16.06%
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$903.70
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$778.31
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15.25% |
652,232
201.93%
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323,000
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Most Recent Note for DECK - 2/2/2024 1:18:42 PM
Patient investors may watch for a new base or secondary buy point to develop and be noted in the weeks ahead. Rallying today after a considerable gap up hitting a new all-time high. Found prompt support at its 50 DMA line in recent weeks. The 5 latest quarterly comparisons through Dec '23 were above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been strong and steady.
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GOOGL
- NASDAQ - INTERNET - Internet Information Providers
Google Inc Cl A
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$141.13 |
-0.03
-0.02%
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$141.40
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$153.78
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-8.23% |
38,689,914
135.45%
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28,565,000
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Most Recent Note for GOOGL - 2/2/2024 1:20:03 PM
Testing its 50 DMA line with today's loss, abruptly retreating from its 52-week high with this week's losses. Reported Dec '23 quarterly earnings +42% on +13% sales revenues versus the year ago period, its 2nd strong quarter. Prior quarterly comparisons had earnings increases below the +25% minimum guideline (C criteria). This large-cap company is already heavily owned by 7,089 top-rated institutional investors (I criteria).
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GWW
- NYSE - WHOLESALE - Electronics Wholesale
Grainger W W Inc
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$961.66 |
+39.02
4.23%
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$965.38
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$925.15
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3.95% |
323,414
130.41%
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248,000
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Most Recent Note for GWW - 2/2/2024 1:21:36 PM
Hitting a new all-time high with today's volume-driven gain. Reported earnings +17% on +5% sales revenues for the quarter ended December 31, 2023 versus the year-ago period, its 2nd quarterly comparison below the minimum +25% earnings guideline (C criteria). The annual earnings history for this Retail/Wholesale Building Prds firm included a downturn in FY '20, a common flaw in this post-pandemic era with respect to the A criteria of the fact-based investment system's guidelines.
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HIG
- NYSE - INSURANCE - Property & Casualty Insurance
Hartford Finl Svcs Grp
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$90.71 |
+3.64
4.18%
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$91.85
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$88.40
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2.61% |
2,140,944
132.08%
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1,621,000
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Most Recent Note for HIG - 2/2/2024 1:23:20 PM
Rallying to new multi-year highs with today's volume-driven gain. Reported earnings +32% on +6% sales revenues for the Dec '23 quarter versus the year ago period. Prior quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria). Annual earnings (A criteria) growth in recent years has been steady.
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MDC
- NYSE - MATERIALS & CONSTRUCTION - Residential Construction
M D C Holdings Inc
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$62.78 |
+0.12
0.19%
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$62.80
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$63.00
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-0.35% |
2,387,629
207.98%
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1,148,000
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Most Recent Note for MDC - 2/2/2024 1:25:39 PM
Hovering near its 52-week high following M&A news. Fundamental concerns remain.
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OTEX
- NASDAQ - INTERNET - Internet Software & Services
Open Text Corp
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$42.70 |
-1.39
-3.15%
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$45.47
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$44.57
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-4.20% |
1,096,008
225.52%
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486,000
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Most Recent Note for OTEX - 2/2/2024 1:28:30 PM
Reversed into the red after hitting a new 52-week high today. Reported earnings +39% on +71% sales revenues for the Dec '23 quarter but fundamental concerns remain. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). It was dropped from the Featured Stocks list on 2/02/15.
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SAIA
- NASDAQ - TRANSPORTATION - Trucking
Saia Inc
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$522.94 |
+55.49
11.87%
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$529.24
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$472.10
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10.77% |
566,886
203.18%
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279,000
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Most Recent Note for SAIA - 2/2/2024 1:30:04 PM
Powering to a new all-time high with today's volume-driven gain. Reported strong Dec '23 quarterly results. Subpar sales revenues and earnings increases below the +25% minimum guideline (C criteria) in the 4 prior quarterly comparisons leave fundamental concerns.
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SKX
- NYSE - CONSUMER NON-DURABLES - Textile - Apparel Footwear
Skechers U S A Inc Cl A
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$57.99 |
-5.61
-8.82%
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$59.50
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$65.17
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-11.02% |
4,153,242
272.52%
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1,524,000
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Most Recent Note for SKX - 2/2/2024 1:32:51 PM
Reported earnings +30% on +4% sales revenues for the Dec '23 quarter versus the year-ago period. Gapped down today violating its 50 DMA line ($61.31). Fundamental concerns remain. Annual earnings history has been up and down, not a match with the fact-based system's fundamental guidelines (A criteria).
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SMCI
- NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev
Super Micro Computer Inc
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$572.37 |
-11.13
-1.91%
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$606.00
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$587.61
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-2.59% |
8,824,397
169.99%
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5,191,000
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Most Recent Note for SMCI - 2/2/2024 1:33:26 PM
Reversed into the red today after powering to new all-time highs with volume-driven gains. 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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SNOW
- NYSE - Leisure-Lodging
Intrawest Resorts Hldgs
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$219.40 |
+19.46
9.74%
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$219.65
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$211.65
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3.66% |
6,616,808
125.37%
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5,278,000
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Most Recent Note for SNOW - 2/2/2024 1:35:03 PM
Hitting a new 52-week high with today's volume-driven gain. Three latest quarterly comparisons through Oct '23 showed strong sales revenues and earnings increases versus the year-ago period. Annual earnings (A criteria) history has been subpar.
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TEAM
- NASDAQ - Comp Sftwr-Spec Enterprs
Atlassian Corp Plc
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$221.00 |
-33.90
-13.30%
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$231.56
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$258.69
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-14.57% |
4,577,247
291.54%
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1,570,000
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Most Recent Note for TEAM - 2/2/2024 1:37:03 PM
Gapped down today violating its 50 DMA line ($223.66) triggering a technical sell signal. Reported strong results for the Mar, Jun, Sep, and Dec '23 quarters versus the year-ago periods. Annual earnings history has been strong.
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TREX
- NYSE - MATERIALS & CONSTRUCTION - General Building Materials
Trex Company Inc
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$86.98 |
+0.18
0.21%
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$87.13
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$87.00
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-0.02% |
899,570
122.56%
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734,000
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Most Recent Note for TREX - 2/2/2024 1:38:38 PM
Perched near its 52-week high after a volume-driven gain. Reported Sep '23 quarterly earnings +307% on +61% versus the year ago period. Prior quarterly comparisons were below the +25% minimum guideline (C criteria).
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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.
We are not an investment advisor, hence it does
not endorse or recommend any securities or other investments.
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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,
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