Mid-Day Breakouts Report - Thursday, March 16th, 2023

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MIDDAY BREAKOUTS REPORT - THURSDAY, MARCH 16TH, 2023
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DOW 31691.96 -182.61 (-0.57%) | NASDAQ 11390.88 -43.18 (-0.38%) | S&P 500 3871.68 -20.25 (-0.52%)

Time of Screening : 3/16/2023 12:20:44 PM Report Released : 3/16/2023 1:16:19 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
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
ANET - NYSE Arista Networks, Inc	$161.84	+8.04 5.23%	$162.00	1,770,862 72.85% of 50 DAV 50 DAV is 2,431,000	$154.02 5.08%	3/8/2023	$147.59	PP = $148.67 MB = $156.10
Most Recent Note - 3/16/2023 12:25:06 PM Y - Powering into new all-time high territory with today's big gain adding to recent volume-driven gains. Highlighted in yellow in the 3/08/23 mid-day report with pivot point cited based on its 12/27/21 high plus 10 cents. Fundamentals remain strong after it reported Dec '22 quarterly earnings +72% on +55% sales revenues versus the year-ago period. Broader market weakness (M criteria) has been noted as a "correction" that has raised concerns. >>> The latest Featured Stock Update with an annotated graph appeared on 3/8/2023. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AGM - NYSE - FINANCIAL SERVICES - Credit Services Federal Agric Mtg Cl C	$130.00	+4.07 3.23%	$130.75	$149.37	-12.97%	54,839 78.34%	70,000
Most Recent Note for AGM - 3/16/2023 12:23:20 PM Rebounding toward its 50 DMA line which may now act as resistance. Abruptly retreated from its all-time high with damaging volume-driven losses undercutting its prior high ($137) and 50 DMA line ($132.37). Reported earnings +22% on +147% sales revenues for the Dec '22 quarter versus the year-ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Fundamental concerns remain. Annual earnings growth has been steady.
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APG - NYSE - Security/Sfty APi Group Corporation	$20.84	-0.06 -0.29%	$20.93	$24.49	-14.90%	966,476 98.22%	984,000
Most Recent Note for APG - 3/16/2023 12:26:19 PM Violated its 50 DMA line with recent volume-driven losses. Reported Dec '22 quarterly earnings +24% on +53% sales revenues versus the year-ago period. Fundamental concerns remain. Faces some resistance due to overhead supply up to the $26 level.
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ASO - NASDAQ - Retail-Leisure Products Academy Sports & Outdoor	$65.68	+5.77 9.63%	$67.70	$63.89	2.80%	2,626,731 212.69%	1,235,000
Most Recent Note for ASO - 3/16/2023 12:29:15 PM Reported Jan '23 quarterly earnings +27% above the year-ago period but fundamental concerns remain. Hovered in a tight range in recent weeks and hitting a new all-time high with today's big volume-driven gain. Found support during recent consolidations above its 50 DMA line. Reported Oct '22 quarterly earnings -3% on -6% sales revenues versus the year-ago period, its 3rd consecutive quarterly comparison lower than the year-ago periods. Priced a Secondary Offering at a new all-time high on 9/15/21 and an earlier Secondary Offering on 1/29/21. Limited history is a concern since its $13 IPO on 10/02/20.
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EFSC - NASDAQ - BANKING - Regional - Midwest Banks Enterprise Finl Services	$48.29	+0.26 0.53%	$48.87	$56.35	-14.31%	110,440 74.62%	148,000
Most Recent Note for EFSC - 3/16/2023 12:31:52 PM Abruptly slumped below its 50 and 200 DMA lines with recent volume-driven losses. Reported Dec '22 quarterly earnings +28% on +33% sales revenues versus the year-ago period. Quarterly comparisons have not shown strong and steady earnings increases above the +25% minimum guideline (C criteria) and annual earnings history has been subpar.
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ETN - NYSE - MANUFACTURING - Diversified Machinery Eaton Corp Plc	$163.62	+4.35 2.73%	$163.90	$178.75	-8.46%	1,334,500 71.06%	1,878,000
Most Recent Note for ETN - 3/16/2023 12:33:36 PM Abruptly slumped from its 52-week high and violated its 50 DMA line with a big loss on the prior session. Erratic sales and earnings history is a concern.
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FISV - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Fiserv Inc	$108.25	-1.01 -0.92%	$108.29	$119.48	-9.40%	2,332,646 65.91%	3,539,000
Most Recent Note for FISV - 3/16/2023 12:34:47 PM Violated its 50 DMA line ($109.79) with damaging volume-driven losses. Reported earnings +22% on +9% sales revenues for the Dec '22 quarter versus the year-ago period. Earnings growth in prior quarterly comparisons was not strong and steady above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been good. The number of top-rated funds owning its shares rose from 2,259 in Mar '22 to 2,486 in Dec '22, a reassuring sign concerning the I criteria.
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FIVE - NASDAQ - Retail-Discount&Variety Five Below Inc	$194.74	-3.43 -1.73%	$196.25	$212.56	-8.38%	741,183 102.66%	722,000
Most Recent Note for FIVE - 3/16/2023 12:37:08 PM Slumping below its 50 DMA line ($196.76) with recent volume-driven losses. Through Jan '23 quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria) and fundamental concerns remain. Annual earnings had a downturn in FY '21. It was dropped from the Featured Stocks list on 6/05/19.
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IT - NYSE - DIVERSIFIED SERVICES - Business/Management Services Gartner Inc	$307.95	-2.87 -0.92%	$312.95	$358.25	-14.04%	295,805 67.85%	436,000
Most Recent Note for IT - 3/16/2023 12:39:47 PM Slumping near its 200 DMA line ($338.76). Last noted with caution, perched near its all-time high, in the 2/07/23 mid-day report - "Reported earnings +24% on +15% sales revenues for the Dec '22 quarter versus the year-ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum guideline (C criteria) of the fact-based system."
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ITT - NYSE - MANUFACTURING - Industrial Electrical Equipmen I T T Corp	$81.47	+1.39 1.74%	$81.64	$95.18	-14.40%	388,928 79.37%	490,000
Most Recent Note for ITT - 3/16/2023 12:42:23 PM Reported earnings +22% on +13% sales revenues for the Dec '22 quarter versus the year-ago period and fundamental concerns remain. Sales revenues growth and earnings increases in its quarterly comparisons (C criteria) versus the year-ago periods have not been strong and steady above the minimum +25% guideline. Annual earnings (A criteria) history included a downturn in FY '20.
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JBL - NYSE - ELECTRONICS - Printed Circuit Boards Jabil Circuit Inc	$77.66	-2.67 -3.32%	$80.03	$85.70	-9.38%	1,187,131 88.59%	1,340,000
Most Recent Note for JBL - 3/16/2023 12:45:14 PM Violated its 50 DMA line ($80.16) with volume-driven losses, abruptly slumping from its all-time high with volume-driven losses. Reported Feb '23 quarterly earnings +12% on +8% sales revenues versus the year-ago period, its 2nd quarterly comparison below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been strong after a small downturn in FY '20.
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JBSS - NASDAQ - FOOD & BEVERAGE - Processed & Packaged Goods Sanfilippo John B & Son	$94.85	-0.28 -0.29%	$95.99	$95.26	-0.44%	385,391 575.21%	67,000
Most Recent Note for JBSS - 3/16/2023 12:49:44 PM Reversed into the red after today's early gain hitting new multi-year highs. The 2/21/23 mid-day report last cautioned members - "Reported earnings +27% on +8% sales revenues for the Dec '22 quarter versus the year-ago period. Prior quarterly earnings comparisons were not strong and steady above the +25% minimum guideline (C criteria). Its annual earnings history (A criteria) was strong through FY '22, however, consensus estimates are for -8% earnings for FY '23."
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LEN - NYSE - Bldg-Resident/Comml Lennar Corp Cl A	$102.74	+2.55 2.54%	$102.86	$109.28	-5.99%	1,317,637 58.93%	2,236,000
Most Recent Note for LEN - 3/16/2023 12:50:22 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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MPC - NYSE - ENERGY - Oil and Gas Refining and Marketing Marathon Petroleum	$121.62	-1.07 -0.87%	$122.41	$136.46	-10.87%	2,186,222 58.53%	3,735,000
Most Recent Note for MPC - 3/16/2023 12:53:06 PM Violated its 50 DMA line with a volume-driven loss on the prior session. Recent quarterly comparisons through Dec '22 showed greatly improved earnings versus the year-ago periods. Annual earnings history (A criteria) included losses in FY '20 and '21 leaving fundamental concerns.
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NVO - NYSE - DRUGS - Drug Manufacturers - Other Novo Nordisk A/S Adr	$138.62	-2.36 -1.67%	$139.00	$145.94	-5.02%	1,807,006 125.92%	1,435,000
Most Recent Note for NVO - 3/16/2023 12:54:49 PM This Denmark-based Medical - Ethical Drug firm gapped down today undercutting its 50 DMA line ($139.84). Fundamental concerns remain. Reported Dec '22 quarterly earnings +19% on +18% sales revenues versus the year-ago period.
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ORCL - NYSE - COMPUTER SOFTWARE & SERVICES - Application Software Oracle Corp	$83.65	+0.67 0.81%	$83.65	$91.22	-8.30%	4,618,863 66.12%	6,986,000
Most Recent Note for ORCL - 3/16/2023 12:57:22 PM Gapped down on 3/10/23 slumping well below its 50 DMA line ($87.50) and recent lows with a considerable volume-driven loss. Reported Feb '23 quarterly earnings +8% on +18% sales revenues versus the year-ago period. Earnings increases have not been strong and steady above the +25% minimum guideline (C criteria) in quarterly comparisons versus the year-ago periods. Fundamental concerns remain.
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PH - NYSE - MANUFACTURING - Industrial Equipment & Compone Parker-Hannifin Corp	$316.78	+3.24 1.03%	$317.41	$364.57	-13.11%	546,220 57.62%	948,000
Most Recent Note for PH - 3/16/2023 12:59:24 PM Pulled back abruptly from its all-time high and violated its 50 DMA line ($333) with damaging volume-driven losses. Prior mid-day reports cautioned members - "This giant machinery firm reported earnings +7% on +22% sales revenues for the quarter ended December 31, 2022 versus the year-ago period, marking its 4th consecutive quarterly comparison below the +25% minimum guideline (C criteria). Annual earnings history (A criteria) has been strong and steady."
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RDN - NYSE - INSURANCE - Surety & Title Insurance Radian Group Inc	$21.10	+0.26 1.22%	$21.17	$23.91	-11.77%	1,152,420 69.93%	1,648,000
Most Recent Note for RDN - 3/16/2023 1:00:18 PM Slumped abruptly 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	$14.08	+0.08 0.57%	$14.14	$16.08	-12.44%	73,477 62.27%	118,000
Most Recent Note for SCM - 3/16/2023 1:01:23 PM Its 50 DMA line ($14.55) acted as resistance following volume-driven losses. 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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STN - NYSE - Comml Svcs-Consulting Stantec Inc	$57.65	+0.42 0.73%	$57.82	$61.61	-6.43%	60,130 91.11%	66,000
Most Recent Note for STN - 3/16/2023 1:03:29 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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TMUS - NYSE - Telecom Svcs-Wireless T-Mobile U.S. Inc	$141.77	-2.65 -1.83%	$143.58	$154.38	-8.17%	3,262,750 61.55%	5,301,000
Most Recent Note for TMUS - 3/16/2023 1:05:41 PM Consolidating near its 200 DMA line ($142). Reported Dec '22 quarterly earnings +40% on -2% sales revenues versus the year-ago period. Prior quarterly comparisons have shown strong earnings increases above the +25% minimum earnings guideline (C criteria) however subpar sales revenues growth has been a noted concern. Annual earnings (A criteria) had a downturn in FY '20. Completed a new Public Offering on 6/25/20.
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TT - NYSE - Machinery-Gen Industrial Trane Technologies Plc	$179.86	+1.28 0.72%	$180.38	$196.22	-8.34%	814,372 58.63%	1,389,000
Most Recent Note for TT - 3/16/2023 1:11:48 PM Today's gain has it rebounding near its 50 DMA line ($181.53) which may act as resistance after damaging volume-driven losses. Faces resistance due to overhead supply up to the $207 level. Reported improved earnings increases in the Sep and Dec '22 quarters versus the year-ago periods but fundamental concerns remain. There was a downturn in FY '19 and '20 earnings (A criteria).
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TTE - NYSE - Oil&Gas-Integrated Totalenergies S E Adr	$56.73	-0.62 -1.08%	$56.81	$65.05	-12.79%	1,139,672 63.74%	1,788,000
Most Recent Note for TTE - 3/16/2023 1:12:39 PM Gapped down on the prior session 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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V - NYSE - Finance-CrdtCard/PmtPr Visa Inc Cl A	$213.22	-3.15 -1.46%	$215.55	$250.58	-14.91%	5,527,019 96.07%	5,753,000
Most Recent Note for V - 3/16/2023 1:14:58 PM Slumping further below its 50 DMA line toward its 200 DMA line with volume-driven losses this week. Reported earnings +20% on +12% sales revenues for the Dec '22 quarter versus the year-ago period, its 2nd consecutive quarterly comparison below the +25% minimum earnings (C criteria) guideline.
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VIPS - NYSE - Retail-Internet Vipshop Holdings Ltd Ads	$15.11	+0.33 2.23%	$15.19	$16.18	-6.61%	3,043,554 59.40%	5,124,000
Most Recent Note for VIPS - 3/16/2023 1:16:13 PM Consolidating in a tight range near its 50 DMA line ($14.83) in recent weeks. Reported earnings +26% on -14% sales revenues for the Dec '22 quarter versus the year-ago period. Prior quarterly comparisons did not show strong and steady earnings increases above the +25% minimum guideline (C criteria) and waning sales revenues remain a concern, fundamentally. Went through a deep pullback from its $46 all-time high in Mar '21 following a considerable rally from its Mar '12 IPO at a split-adjusted $0.70 per share. Completed a Secondary offering on 3/11/14.
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