Mid-Day Breakouts Report - Wednesday, March 15th, 2023

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, MARCH 15TH, 2023
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DOW 31596.62 -558.78 (-1.74%) | NASDAQ 11313 -115.15 (-1.01%) | S&P 500 3862.84 -56.45 (-1.44%)

Time of Screening : 3/15/2023 11:55:08 AM Report Released : 3/15/2023 12:39:23 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

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
AAON - NASDAQ - Bldg-A/C & Heating Prds A A O N Inc	$88.30	-2.32 -2.56%	$89.83	$94.45	-6.51%	148,130 59.97%	247,000
Most Recent Note for AAON - 3/15/2023 11:56:43 AM Sputtering since last noted in the 2/28/23 mid-day report after a gap up and new all-time high - "Bullish action came after it reported earnings +294% on +87% sales revenues for the Dec '22 quarter versus the year ago period, its 2nd strong quarter. Prior quarterly comparisons were well below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth history has not been strong and steady."
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CHDN - NASDAQ - LEISURE - Gaming Activities Churchill Downs Inc	$237.39	-2.90 -1.20%	$237.39	$253.29	-6.28%	128,522 76.96%	167,000
Most Recent Note for CHDN - 3/15/2023 11:58:19 AM Perched only -6.1% off its 52-week high and consolidating near its 50 DMA line ($239.39). The 3/10/23 mid-day report noted - "Reported Dec '22 earnings +15% on +32% sales revenues versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum guideline (C criteria). Annual earnings (A criteria) had a big downturn in FY '20. Dropped from the Featured Stocks list on 2/28/20."
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DHI - NYSE - Bldg-Resident/Comml D R Horton Inc	$97.00	-0.52 -0.53%	$98.99	$104.14	-6.86%	1,665,217 58.37%	2,853,000
Most Recent Note for DHI - 3/15/2023 12:00:53 PM Consolidating above its 50 DMA line ($95.11). Prior mid-day reports noted - "Reported Dec '22 quarterly earnings -13% on +3% sales revenues versus the year-ago period. Went through a deep consolidation since dropped from the Featured Stocks list on 1/18/22."
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JPM - NYSE - BANKING - Money Center Banks J P Morgan Chase & Co	$128.18	-6.44 -4.78%	$130.99	$144.34	-11.20%	12,518,826 107.26%	11,672,000
Most Recent Note for JPM - 3/15/2023 12:06:26 PM Slumping further today after recently violating its 50 DMA line ($139) with big volume-driven losses. Prior mid-day reports cautioned members - "Reported earnings +24% on +55% sales revenues for the Dec '22 quarter versus the year-ago period. Went through a deep consolidation since noted with caution in the 10/13/21 mid-day report 'Prior quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's fundamental guidelines.'"
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LEN - NYSE - Bldg-Resident/Comml Lennar Corp Cl A	$100.42	-0.35 -0.35%	$103.99	$109.28	-8.11%	1,823,479 84.38%	2,161,000
Most Recent Note for LEN - 3/15/2023 12:09:52 PM It has not formed a sound base pattern and faces resistance due to overhead supply up to the $117 level. Reported earnings -21% on +5% sales revenues for the Feb '23 quarter versus the year-ago period, its 2nd quarterly comparison below the +25% minimum guideline (C criteria). A noted downturn in its FY '19 annual earnings history (A criteria) has been followed by strong growth.
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MKTX - NASDAQ - FINANCIAL SERVICES - Investment Brokerage - Nationa Marketaxess Holdings Inc	$373.94	+2.42 0.65%	$380.31	$389.57	-4.01%	206,877 61.57%	336,000
Most Recent Note for MKTX - 3/15/2023 12:11:14 PM Reported earnings +15% on +8% sales revenues for the Dec '22 quarter versus the year-ago period, and prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria) with lackluster sales revenue growth.
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NECB - NASDAQ - Finance-Savings & Loan Northeast Cmnty Bancorp	$14.20	-0.19 -1.32%	$14.40	$15.99	-11.19%	47,950 63.09%	76,000
Most Recent Note for NECB - 3/15/2023 12:12:16 PM Abruptly retreating from near its 52-week high and slumping further below its 50 DMA line ($15.43) with today's additional volume-driven loss. Reported Dec '22 quarterly earnings +100% on +88% sales revenues versus the year-ago period, its 3rd strong quarterly comparison. Prior 3 quarterly earnings increases through Mar '22 were below the +25% minimum guideline (C criteria) versus the year-ago periods.
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NOA - NYSE - Oil&Gas-Field Services North American Const Grp	$15.60	-0.73 -4.46%	$15.94	$18.00	-13.33%	43,777 68.40%	64,000
Most Recent Note for NOA - 3/15/2023 12:14:54 PM Abruptly slumping after barely trading above its 2021 high ($17.79) when last noted in the 3/07/23 mid-day report, falling near its 50 DMA line ($15.37) with today's 5th consecutive volume-driven loss. Reported stronger Sep and Dec '22 quarterly results but fundamental concerns remain.
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OR - NYSE - Mining-Gold/Silver/Gems Osisko Gold Royalties	$14.04	-0.04 -0.28%	$14.42	$14.50	-3.17%	786,795 100.87%	780,000
Most Recent Note for OR - 3/15/2023 12:16:16 PM Rebounded above its 50 DMA line and toward prior highs with recent volume-driven gains. Reported Dec '22 quarterly earnings +36% on +22% sales revenues versus the year-ago period. Prior mid-day reports noted - "Quarterly earnings comparisons through Sep '22 were well below the +25% minimum earnings guideline (C criteria) and fundamental concerns remain. Annual earnings had a downturn in FY '20."
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RDN - NYSE - INSURANCE - Surety & Title Insurance Radian Group Inc	$20.84	-0.23 -1.07%	$20.87	$23.91	-12.86%	1,037,471 65.70%	1,579,000
Most Recent Note for RDN - 3/15/2023 12:18:29 PM Slumping abruptly with today's volume-driven loss testing its 200 DMA line ($20.58). Stalled following the noted gap up on 3/06/23 approaching previously stubborn resistance in the $23-24 area. Prior mid-day reports cautioned members - "Through Dec '22 its quarterly earnings and sales revenues history is not a match with the fact-based investment system's fundamental guidelines."
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SCM - NYSE - Finance-Investment Mgmt Stellus Cap Investment	$13.95	-0.33 -2.28%	$14.12	$16.08	-13.28%	69,708 60.09%	116,000
Most Recent Note for SCM - 3/15/2023 12:19:54 PM Slumping again today after its 50 DMA line ($14.53) acted as resistance following volume-driven losses when noted with caution in prior mid-day reports - "Reported strong Sep and Dec '22 quarterly results versus the year-ago periods. Prior quarterly and annual earnings history (C and A criteria) is not a match with the fact-based investment system's guidelines."
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SHEL - NYSE - Oil&Gas-Integrated Shell Plc Ads	$55.17	-4.23 -7.12%	$56.02	$62.75	-12.08%	4,679,793 102.42%	4,569,000
Most Recent Note for SHEL - 3/15/2023 12:22:15 PM Gapped down today abruptly retreating from its 52-week high and testing its 200 DMA line ($55.12). The last 5 quarterly comparisons through Dec '22 were well above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has been up and down.
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STLA - NYSE - Auto Manufacturers Stallantis NV	$16.70	-0.83 -4.73%	$16.83	$18.86	-11.45%	4,835,156 86.39%	5,597,000
Most Recent Note for STLA - 3/15/2023 12:24:43 PM Fundamental concerns remain due to subpar quarterly and annual (C and A criteria) earnings history. Testing its 50 DMA line ($16.52) with today's gap down. Encountering distributional pressure after making steady progress in recent months, rebounding toward its all-time high following a deep consolidation.
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STN - NYSE - Comml Svcs-Consulting Stantec Inc	$56.92	-0.87 -1.51%	$57.36	$61.61	-7.61%	44,928 70.20%	64,000
Most Recent Note for STN - 3/15/2023 12:24:58 PM Holding its ground stubbornly after a gap up on 2/23/23 to new multi-year highs with a considerable volume-driven gain. Fundamental concerns remain. Only 2 of the past 4 quarterly comparisons through Dec '22 showed earnings increases above the fact-based investment system's +25% minimum guidelines (C criteria). Annual earnings (A criteria) growth has been strong.
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TTE - NYSE - Oil&Gas-Integrated Totalenergies S E Adr	$56.78	-3.16 -5.27%	$57.28	$65.05	-12.71%	1,121,385 64.08%	1,750,000
Most Recent Note for TTE - 3/15/2023 12:27:41 PM Gapped down today testing its 200 DMA line ($56). Abruptly slumping this week after recently wedging to a new 52-week high. Reported Dec '22 quarterly earnings +16% on +16% versus the year-ago period. Prior quarterly comparisons showed much stronger sales revenues and earnings increases well above the +25% minimum guideline (C criteria) over the year-ago periods. Up and down annual earnings (A criteria) history leaves fundamental concerns.
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WSO - NYSE - Bldg-A/C & Heating Prds Watsco Inc	$300.63	+2.63 0.88%	$303.75	$343.85	-12.57%	241,490 82.70%	292,000
Most Recent Note for WSO - 3/15/2023 12:39:18 PM Stalled and slumped abruptly from its all-time high hit on 2/16/23, testing its 50 DMA line ($291) this week. Reported earnings +76% on +5% sales revenues for the Dec '22 quarter versus the year-ago period. Three of the past 4 quarterly comparisons have been above the +25% minimum guideline (C criteria). Annual earnings growth has been strong. Broader market weakness (M criteria) has been noted as a "correction" that has raised concerns.
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