Mid-Day Breakouts Report - Thursday, February 8th, 2024

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MIDDAY BREAKOUTS REPORT - THURSDAY, FEBRUARY 8TH, 2024
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DOW 38562.16 -115.2 (-0.30%) | NASDAQ 15792.61 35.96 (0.23%) | S&P 500 4989.35 -5.71 (-0.11%)

Time of Screening : 2/8/2024 12:06:52 PM Report Released : 2/8/2024 1:13:29 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

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
TDG - NYSE Transdigm Group Inc	$1,136.22	-10.79 -0.94%	$1,153.22	159,325 79.66% of 50 DAV 50 DAV is 200,000	$1,150.15 -1.21%	12/12/2023	$1,000.39	PP = $1,013.18 MB = $1,063.84
Most Recent Note - 2/8/2024 1:00:40 PM G - Extended from any sound base today's 8th consecutive gain with above-average volume has it hitting yet another new all-time high. Its 50 DMA line ($1,025) defines near-term support to watch above prior highs in the $1,013-1,015 area. >>> The latest Featured Stock Update with an annotated graph appeared on 1/11/2024. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AAON - NASDAQ - Bldg-A/C & Heating Prds A A O N Inc	$78.89	+3.56 4.73%	$79.37	$75.56	4.41%	301,515 79.98%	377,000
Most Recent Note for AAON - 2/8/2024 12:10:31 PM Hitting a new all-time high with today's third consecutive gain backed by ever-increasing volume. Reported Sep '23 quarterly earnings +88% on +29% sales revenues versus the year-ago period, its 6th strong quarter above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth history has not been strong and steady.
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ARES - NYSE - FINANCIAL SERVICES - Asset Management Ares Management, L.P.	$135.09	+6.24 4.84%	$139.48	$130.15	3.79%	755,977 90.54%	835,000
Most Recent Note for ARES - 2/8/2024 12:13:30 PM Extended from any sound base and hitting a new all-time high with today's 3rd consecutive gain. Found support at its 50 DMA line during the recent consolidation. Reported Dec '23 quarterly earnings +39% on +12% sales revenues versus the year-ago period. Completed a new Public Offering 4/06/21. Up and down annual earnings (A criteria) history does not match the fact-based investment system.
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BBVA - NYSE - BANKING - Foreign Regional Banks Banco Bilbao Viz Arg Adr	$9.80	+0.10 1.02%	$9.82	$9.80	-0.01%	1,191,788 111.49%	1,069,000
Most Recent Note for BBVA - 2/8/2024 12:13:48 PM Perched at its 52-week high following a noted 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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COR - NYSE - REAL ESTATE - REIT - Diversified/Industrial Coresite Realty Corp	$229.53	-7.63 -3.22%	$233.95	$239.38	-4.12%	1,117,923 77.20%	1,448,000
Most Recent Note for COR - 2/8/2024 12:28:40 PM Gapped down today retreating from its all-time high. This REIT recently reported earnings +21% on +15% sales revenues for the Dec '23 quarter. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria).
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DT - NYSE - Computer Sftwr-Enterprse Dynatrace Inc	$56.05	-4.60 -7.58%	$56.78	$61.41	-8.73%	7,323,464 329.59%	2,222,000
Most Recent Note for DT - 2/8/2024 12:34:54 PM Gapped down from its 52-week high today testing its 50 DMA line ($55.76) and prior highs in the $55 area which coincide defining important support. Reported Dec '23 quarterly earnings +28% on +23% sales revenues versus the year-ago period, its 5th strong quarter above the +25% minimum earnings guideline (C criteria). Went through a long deep consolidation from its all-time high after 5/04/21 when it was dropped from the Featured Stocks list.
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EDU - NYSE - DIVERSIFIED SERVICES - Education &; Training Services New Orientl Edu&Tech Ads	$86.60	+5.23 6.43%	$88.43	$83.73	3.43%	2,610,514 126.97%	2,056,000
Most Recent Note for EDU - 2/8/2024 12:36:10 PM Gapped up today hitting a new 52-week high. Found support recently near its 50 DMA line. Reported Nov '23 quarterly earnings +200% on +36% sales revenues versus the year-ago period and recent quarterly comparisons showed great improvement. Fundamental concerns remain after a downturn in FY '21 and big loss in FY '22 hurt its annual earnings (A criteria) history, making it not a match with the fact-based investment system's guidelines.
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ITT - NYSE - MANUFACTURING - Industrial Electrical Equipmen I T T Corp	$119.31	-6.44 -5.12%	$125.00	$127.13	-6.15%	270,265 75.28%	359,000
Most Recent Note for ITT - 2/8/2024 12:42:16 PM Abruptly retreating from its 52-week high with today's big volume-driven loss after getting very extended from any sound base. Reported earnings +4% on +7% sales revenues for the Dec '23 quarter versus the year-ago period. Fundamental concerns remain. Earnings increases in prior quarterly comparisons versus the year-ago periods have not been strong and steady above the minimum +25% guideline (C criteria). Annual earnings (A criteria) history has improved steadily after a downturn in FY '20.
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LINC - NASDAQ - DIVERSIFIED SERVICES - Education &; Training Services Lincoln Educational Svcs	$10.25	+0.22 2.19%	$10.31	$10.35	-0.97%	58,198 75.58%	77,000
Most Recent Note for LINC - 2/8/2024 12:43:54 PM Challenging its 52-week high with today's 3rd consecutive volume-driven gain. Prior mid-day reports cautioned members - "Sales revenues growth rate has been subpar. Quarterly earnings comparisons have not been strong and steady above the +25% minimum guideline (C criteria) and its annual earnings (A criteria) history is also below guidelines."
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MCK - NYSE - WHOLESALE - Drugs Wholesale Mckesson Corp	$488.82	-28.17 -5.45%	$510.73	$519.75	-5.95%	927,682 111.50%	832,000
Most Recent Note for MCK - 2/8/2024 12:45:39 PM Gapped down today abruptly retreating from its all-time high with a volume-driven loss. Fundamental concerns remain. Reported earnings +12% on +15% 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). It has a strong and steady annual earnings (A criteria) history.
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MPWR - NASDAQ - ELECTRONICS - Semiconductor - Specialized Monolithic Power Systems	$726.28	+80.87 12.53%	$760.00	$655.88	10.73%	860,569 187.49%	459,000
Most Recent Note for MPWR - 2/8/2024 12:48:22 PM Found support at its 50 DMA line in recent weeks and gapped up today hittting a new all-time high. Reported earnings -9% on -1% sales revenues for the Dec '23 quarter versus the year ago period, its 4th quarterly comparison well below the +25% minimum earnings guideline (C criteria). Strong annual earnings (A criteria) history has been marked by a downturn in FY '23 and estimates call for -20% lower earnings in FY '24.
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RBC - NYSE - Metal Proc & Fabrication RBC Bearings Inc	$251.91	-21.02 -7.70%	$258.97	$288.16	-12.58%	173,451 143.35%	121,000
Most Recent Note for RBC - 2/8/2024 12:52:48 PM Gapped down today violating its 50 DMA line ($271) with a big volume-driven loss. Quarterly earnings increases in the 4 latest quarterly comparisons through Dec '23 showed decelerating sales revenues growth while earnings increases were below the +25% minimum guideline (C criteria). Up and down annual earnings (A criteria) history is below the fundamental guidelines of the fact-based investment system.
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SHOP - NYSE - Computer Sftwr-Enterprse Shopify Inc	$87.43	+2.26 2.65%	$91.44	$85.46	2.31%	10,964,849 110.49%	9,924,000
Most Recent Note for SHOP - 2/8/2024 12:54:30 PM Powering to a new 52-week high with today's volume-driven gain. Due to report Dec '23 quarterly results on 2/13/24. Gradually wedged higher since noted with caution in the 11/28/23 mid-day report - "Reported Sep '23 quarterly earnings of 24 cents per share versus a loss of 2 cents per share on +25% sales revenues versus the year ago period, its 2nd strong quarter. Prior quarterly comparisons and annual earnings history is below the fundamental guidelines (C and A criteria) of the fact-based investment system. Went through a long deep consolidation after dropped from the Featured Stocks list on 9/28/21."
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SPGI - NYSE - Comml Svcs-Market Rsrch S&P Global Inc	$431.83	-27.90 -6.07%	$435.76	$461.16	-6.36%	1,648,765 140.56%	1,173,000
Most Recent Note for SPGI - 2/8/2024 12:58:27 PM Abruptly retreated from its 52-week high with a gap down today undercutting its 50 DMA line ($436) yet it rebounded from the session's early low. Through the Dec '23 quarter its earnings increases have not been strong and steady above the +25% minimum guideline (C criteria).
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TNET - NYSE - Comml Svcs-Outsourcing TriNet Group, Inc	$110.44	-4.23 -3.69%	$114.35	$123.67	-10.70%	176,490 76.07%	232,000
Most Recent Note for TNET - 2/8/2024 1:01:37 PM Slumping further below its 50 DMA line with today's big loss. Reported Sep '23 quarterly earnings +16% on -2% sales revenues versus the year-ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria).
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TPX - NYSE - MANUFACTURING - Textile Manufacturing Tempur Sealy Intl Inc	$51.62	+0.37 0.72%	$53.61	$52.41	-1.51%	1,474,012 86.25%	1,709,000
Most Recent Note for TPX - 2/8/2024 1:06:52 PM Hit a new all-time high with today's 4th consecutive gain. Found support while recently consolidating above its 50 DMA line ($49). Quarterly comparisons have routinely been below the +25% minimum earnings guideline (C criteria) and its up and down annual earnings history (A criteria) also leaves fundamental concerns.
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TRAK - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software DealerTrack Technologies	$12.25	-0.15 -1.21%	$12.43	$12.75	-3.92%	51,256 93.19%	55,000
Most Recent Note for TRAK - 2/8/2024 1:09:17 PM Enduring some distributional pressure while recently hovering at new multi-year highs. Near-term support is its 50 DMA line ($11.03) which acted as support during prior 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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TRI - NYSE - Comml Svcs-Market Rsrch Thomson Reuters Corp	$152.51	+3.42 2.29%	$153.28	$152.46	0.03%	273,021 97.86%	279,000
Most Recent Note for TRI - 2/8/2024 1:10:57 PM Hitting a new all-time high with today's volume-driven gain. Reported Dec '26 quarterly earnings +26% on +3% sales revenues versus the year-ago period. Prior quarters showed earnings increases near or above the +25% minimum guideline (C criteria) but subpar sales revenues growth remains a cause for concern. Annual earnings (A criteria) growth has been strong.
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WMS - NYSE - Bldg-Constr Prds/Misc Advanced Drainage Systems Corp	$156.42	+18.34 13.28%	$159.49	$145.68	7.37%	722,071 160.82%	449,000
Most Recent Note for WMS - 2/8/2024 1:13:22 PM Reported earnings +38% on +1% sales revenues for the Dec '23 quarter versus the year-ago period. Fundamental concerns remain due to its erratic quarterly and annual earnings (C and A criteria) history.
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