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 MIDDAY BREAKOUTS REPORT - MONDAY, MARCH 11TH, 2024
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DOW 38656.41 -66.28 (-0.17%) | NASDAQ 16049.34 -35.78 (-0.22%) | S&P 500 5110 -13.69 (-0.27%)
Time of Screening : 3/11/2024 12:04:40 PM         Report Released : 3/11/2024 12:39:27 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 57.5% 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
Max Buy
PAY - NYSE
Paymentus Holdings
$20.82 +1.61
8.38%
$20.85 391,901
191.17% of 50 DAV
50 DAV is 205,000
$21.02
-0.95%
3/5/2024 $19.97 PP = $18.89
MB = $19.83
Most Recent Note - 3/11/2024 12:21:50 PM
G - Challenging the 3/05/24 high with today's 2nd consecutive volume-driven gain and its color code is changed to green after rising above its "max buy" level. Prior highs in the $18 range define important initial support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/5/2024. Click here.
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Symbol - Exchange - Industry Group
Company Name
Last Chg Day
High
52 WK Hi % From Hi Volume
% DAV
DAV
CLS - NYSE - Elec-Contract Mfg
Celestica Inc
$43.83 -2.27
-4.92%
$45.48 $49.36 -11.20% 2,798,041
126.09%
2,219,000
Most Recent Note for CLS - 3/11/2024 12:06:11 PM
Gapped down today following a "negative reversal" at its 52-week high on the prior session. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Rallied steadily after finding prompt support near its 50 DMA line in January. 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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COST - NASDAQ - RETAIL - Discount, Variety Stores
Costco Wholesale Corp
$716.09 -9.47
-1.31%
$720.00 $787.08 -9.02% 1,672,055
77.48%
2,158,000
Most Recent Note for COST - 3/11/2024 12:07:52 PM
Gapped down for a 2nd consecutive session today slumping toward its 50 DMA line ($706.64), abruptly retreating from its 52-week high. Very extended from any sound base. Fundamental concerns remain. Reported earnings +12% on +6% sales revenues for the Feb '24 quarter versus the year ago period. Prior quarterly earnings comparisons were not strong and steady above the +25% minimum guideline (C criteria).
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FIX - NYSE - MATERIALS & CONSTRUCTION - General Contractors
Comfort Systems U S A
$298.06 -11.96
-3.86%
$309.38 $329.43 -9.52% 206,199
61.19%
337,000
Most Recent Note for FIX - 3/11/2024 12:09:07 PM
Pulling back from its all-time high hit last week. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Found support at its 200 DMA line and then rebounded and made steady progress since dropped from the Featured Stocks list on 10/03/23. Fundamentals remain strong after reporting Dec '23 quarterly earnings +66% on +22% sales revenues versus the year-ago period.
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HMY - NYSE - METALS & MINING - Gold
Harmony Gold Mng Co Adr
$7.84 +0.70
9.80%
$7.85 $7.23 8.44% 6,239,742
132.48%
4,710,000
Most Recent Note for HMY - 3/11/2024 12:11:57 PM
Rebounded well above its 50 DMA line ($6) and rallied to new multi-year highs with 8 consecutive volume-driven gains. Reported strong Sep and Dec '23 quarterly earnings results versus the year-ago periods. Annual earnings history (A criteria) has been erratic and included a downturn in FY '22, not a match with the fact-based investment system's fundamental guidelines.
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IESC - NASDAQ - Bldg-Maintenance & Svc
Integrated Electric Svcs
$105.80 -7.75
-6.83%
$112.93 $117.75 -10.15% 135,201
175.59%
77,000
Most Recent Note for IESC - 3/11/2024 12:13:31 PM
Pulling back from its all-time high with today's big volume-driven loss after a "negative reversal" on the prior session. Last noted with caution in the 3/01/24 mid-day report - "Reported greatly improved earnings for the Mar, Jun, Sep, and Dec '23 quarters versus the year-ago periods but with subpar sales revenues growth which is not a match with the winning models of the fact-based investment system. There was a downturn in FY '22 earnings (A criteria)."
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LIN - NYSE - Chemicals-Specialty
Linde Plc
$469.42 +6.87
1.48%
$473.98 $467.77 0.35% 1,498,107
88.44%
1,694,000
Most Recent Note for LIN - 3/11/2024 12:14:17 PM
This UK-based Chemicals - Specialty firm is hitting another new all-time high with today's gap up gain. Fundamental concerns remain. Through Dec '23 its 9 latest quarterly earnings comparisons versus the year ago periods were below the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been steady.
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NMM - NYSE - TRANSPORTATION - Shipping
Navios Maritime Partners
$44.04 -0.26
-0.59%
$44.45 $44.33 -0.65% 187,240
127.37%
147,000
Most Recent Note for NMM - 3/11/2024 12:16:17 PM
Perched at its 52-week high today following 3 consecutive volume-driven gains. Quarterly comparisons through Dec '23 showed subpar sales revenues and earnings increases. Annual earnings (A criteria) history has been erratic.
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NVDA - NASDAQ - ELECTRONICS - Semiconductor - Specialized
Nvidia Corp
$873.92 -1.36
-0.16%
$887.97 $974.00 -10.28% 37,746,611
73.72%
51,203,000
Most Recent Note for NVDA - 3/11/2024 12:17:21 PM
Pulling back today following a big "negative revrsal" on the prior session after hitting yet another new all-time high. Reported Jan '24 quarterly earnings +486% on +265% sales revenues versus the year ago period, its 3rd very strong quarter. Prior 3 quarterly comparisons were down from the year-ago periods. Annual earnings (A criteria) history has been up and down, noted as a flaw with regard to the fact-based investment system's guidelines. Completed the Mellanox Technologies (MLNX) acquisition on 4/27/20.
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NVMI - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate
Nova Ltd
$167.03 -8.30
-4.73%
$169.79 $190.51 -12.32% 127,617
79.76%
160,000
Most Recent Note for NVMI - 3/11/2024 12:19:03 PM
Gapped down today, retreating from its all-time high hit last week following a noted spurt of volume-driven gains. The 3/06/24 mid-day report last cautioned members again - "Reported Dec '23 quarterly earnings +6% on -11% sales revenues versus the year-ago period, its 6th quarterly comparison below the +25% minimum earnings guideline (C criteria). This Semiconductor Equipment firm headquartered in Israel went through a deep consolidation since noted with caution in the 12/31/21 mid-day report. Annual earnings history (A criteria) has been up and down."
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SAP - NYSE - COMPUTER SOFTWARE & SERVICES - Application Software
S A P Ag Adr
$189.68 -3.31
-1.72%
$189.89 $195.99 -3.22% 558,945
73.26%
763,000
Most Recent Note for SAP - 3/11/2024 12:27:29 PM
Pulling back from its all-time high hit last week. Wedged higher in recent week, yet making steady progress since finding prompt support at its 50 DMA line ($173) in January. 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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TIMB - NYSE - Telecom Svcs- Foreign
TIMSA Ads
$18.52 -0.45
-2.37%
$19.02 $19.14 -3.24% 264,692
58.30%
454,000
Most Recent Note for TIMB - 3/11/2024 12:29:16 PM
Perched near its 52-week high but pulling back today following volume-driven gains. Brazilian Telecom firm reported strong Jun, Sep, and Dec '23 earnings results versus the year-ago periods. Prior history (A criteria) has been srratic and not a match with the fundamental guidelines of the fact-based investment system.
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UFPT - NASDAQ - CONSUMER NON-DURABLES - Packaging & Containers
U F P Tech Inc
$198.99 -0.96
-0.48%
$199.56 $221.02 -9.97% 58,059
100.10%
58,000
Most Recent Note for UFPT - 3/11/2024 12:33:52 PM
Pulled back below the prior high ($205) raising concerns after rallying to new all-time highs with recent volume-driven gains. Last noted with caution in the 2/23/24 mid-day report - "Reported earnings +33% on +11% sales revenues for the Dec '23 quarter versus the year ago period. Three of the 4 latest quarterly earnings increases were above the +25% minimum guideline (C criteria), however deceleration in its sales revenues growth rate is a concern. Annual earnings (A criteria) growth has been strong after a downturn in FY '20 like many firms during the pandemic."
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VRT - NYSE - Electrical-Power/Equipmt
Vertiv Holdings Llc
$66.75 -2.62
-3.78%
$68.32 $74.41 -10.29% 4,847,703
71.91%
6,741,000
Most Recent Note for VRT - 3/11/2024 12:35:23 PM
Very extended from any sound base and pulling back today following a "negative reversal" on the prior session after hitting a new all-time high. Showed very strong quarterly earnings increases through Dec '23 versus the year-ago periods. Limited history is a concern. Annual earnings history has been up and down.
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VSEC - NASDAQ - DIVERSIFIED SERVICES - Technical Services
V S E Corp
$74.74 -1.98
-2.58%
$75.65 $78.00 -4.18% 56,770
64.51%
88,000
Most Recent Note for VSEC - 3/11/2024 12:37:14 PM
Extended from any sound base, it churned heavy volume last week while hitting a new 52-week high. Earnings increases were above the +25% minimum earnings guideline (C criteria) in the 5 latest quarterly comparisons through Dec '23 versus the year ago period. Annual earnings history (A criteria) has not been strong and steady.
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WING - NASDAQ - Retail-Restaurants
Wingstop Inc
$338.00 -15.99
-4.52%
$351.00 $375.32 -9.94% 339,509
78.23%
434,000
Most Recent Note for WING - 3/11/2024 12:39:22 PM
Extended from any sound base and retreating from its all-time high with today's 2nd volume-driven loss. Last noted in the 2/22/24 mid-day report - "Reported Dec '23 quarterly earnings +7% on +21% sales revenues versus the year-ago period, breaking a streak of 5 strong quarterly comparisons above the +25% minimum earnings guideline (C criteria). Annual earnings growth has been strong after a downturn in FY '19."
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