Mid-Day Breakouts Report - Friday, March 17th, 2023

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MIDDAY BREAKOUTS REPORT - FRIDAY, MARCH 17TH, 2023
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DOW 31816.77 -429.78 (-1.33%) | NASDAQ 11592.32 -124.96 (-1.07%) | S&P 500 3907.02 -53.26 (-1.34%)

Time of Screening : 3/17/2023 12:13:19 PM Report Released : 3/17/2023 1:22:39 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 70% 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
ALG - NYSE - MANUFACTURING - Farm & Construction Machinery Alamo Group Inc	$172.33	-3.96 -2.25%	$175.82	$186.37	-7.53%	48,434 76.88%	63,000
Most Recent Note for ALG - 3/17/2023 12:15:11 PM Consolidating -7.4% off its all-time high following an impressive streak of volume-driven gains. Reported earnings +51% on +15% sales revenues for the quarter ended December 31, 2022, versus the year-ago period, its 2nd strong quarter. Fundamental concerns remain. Earnings increases in prior quarters have been below the fact-based investment system's guidelines and annual earnings had a downturn in FY '19 and '20.
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BEKE - NYSE - Real Estate Dvlpmt/Ops Ke Holdings Inc Ads Cl A	$18.53	+0.42 2.32%	$19.39	$21.08	-12.10%	7,608,648 80.50%	9,452,000
Most Recent Note for BEKE - 3/17/2023 12:17:40 PM Reported strong Sep and Dec '22 quarterly earnings results but waning sales revenues leave fundamental concerns. Overhead supply remains to act as resistance up to the $79 level. This China-based firm completed its $20 IPO on 8/13/20 and an additional Public Offering on 11/19/20.
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BLX - NYSE - BANKING - Foreign Regional Banks Banco Latinoamericano C	$16.91	-0.67 -3.78%	$17.40	$19.17	-11.82%	96,583 93.77%	103,000
Most Recent Note for BLX - 3/17/2023 12:21:11 PM Pulled back after recently challenging its Oct '21 high, consolidating near its 50 DMA line ($17.14). Reported Dec '22 quarterly earnings +57% on +206% sales revenues versus the year-ago period. Quarterly comparisons in Jun and Sep '22 also showed very strong sales revenues and earnings increases versus the year-ago periods. Prior quarterly comparisons have not been strong and steady above the +25% minimum guideline. Up and down annual earnings (A criteria) history is a concern.
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CPK - NYSE - UTILITIES - Gas Utilities Chesapeake Utilities	$128.06	-1.38 -1.07%	$128.81	$142.39	-10.06%	56,843 70.18%	81,000
Most Recent Note for CPK - 3/17/2023 12:22:58 PM Fundamental concerns remain as when it was last noted with caution in the 7/8/19 mid-day report - "This Utility (Gas and Electricity distribution) firm's earnings history has not been strong and steady."
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DCO - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services Ducommun Inc	$50.52	-1.71 -3.27%	$51.83	$58.28	-13.32%	39,955 79.91%	50,000
Most Recent Note for DCO - 3/17/2023 12:23:40 PM Erratic quarterly earnings and its up and down annual earnings history leave fundamental concerns (C and A criteria).
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EME - NYSE - MATERIALS & CONSTRUCTION - General Contractors Emcor Group Inc	$158.22	-2.32 -1.45%	$161.10	$169.89	-6.87%	216,778 76.06%	285,000
Most Recent Note for EME - 3/17/2023 12:36:21 PM Consolidating above prior highs and its 50 DMA line ($152.74) which define important support after recently powering to a new all-time high. Bullish action came after it reported earnings +39% on +12% sales revenues for the Dec '22 quarter versus the year-ago period, but fundamental concerns remain. Prior quarterly earnings (C criteria) history is not a match with the fact-based investment system's fundamental guidelines.
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EQIX - NASDAQ - Finance-Property REIT Equinix Inc	$698.74	-3.84 -0.55%	$707.05	$776.35	-10.00%	318,667 82.99%	384,000
Most Recent Note for EQIX - 3/17/2023 12:38:31 PM Fundamental concerns remain since last noted with caution in the 10/29/20 mid-day report - "Prior quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's guidelines. Completed a new Public Offering on 5/12/20."
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ESE - NYSE - MANUFACTURING - Pollution & Treatment Controls E S C O Technologies Inc	$87.06	-1.81 -2.04%	$88.70	$101.52	-14.24%	61,531 70.73%	87,000
Most Recent Note for ESE - 3/17/2023 12:39:51 PM Slumping further below its 50 DMA line with today's loss. Made little headway after noted near its 52-week high in the 11/18/22 mid-day report. Reported earnings +30% on +16% sales revenues for the Dec '22 quarter, its 3rd strong quarter above the +25% minimum earnings guideline (C criteria). Fundamental concerns also remain due to subpar annual earnings (A criteria) growth.
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ETN - NYSE - MANUFACTURING - Diversified Machinery Eaton Corp Plc	$160.00	-4.38 -2.66%	$163.93	$178.75	-10.49%	1,510,761 78.56%	1,923,000
Most Recent Note for ETN - 3/17/2023 12:40:57 PM Abruptly slumped from its 52-week high and violated its 50 DMA line with big volume-driven losses. Erratic sales and earnings history is a concern.
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FCFS - NASDAQ - Finance-Consumer Loans FirstCash Holdings Inc	$90.37	-2.68 -2.88%	$92.55	$100.00	-9.63%	158,789 75.26%	211,000
Most Recent Note for FCFS - 3/17/2023 12:42:27 PM Reported earnings +9% on +49% sales revenues for the Dec '22 quarter versus the year-ago period, breaking a streak of strong quarterly comparisons above the +25% minimum guideline (C criteria). Annual earnings (A criteria) had a big downturn in FY '20.
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HWKN - NASDAQ - CHEMICALS - Basic Chemicals Hawkins Inc	$41.53	-1.13 -2.65%	$42.84	$48.12	-13.69%	54,911 88.57%	62,000
Most Recent Note for HWKN - 3/17/2023 12:46:18 PM Three of the past 4 quarterly earnings comparisons through Dec '22 versus the year-ago periods were below the +25% minimum guideline (C criteria). Went through a choppy consolidation above and below its 200 DMA line since dropped from the Featured Stocks list on 4/08/22.
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JBL - NYSE - ELECTRONICS - Printed Circuit Boards Jabil Circuit Inc	$78.13	-0.25 -0.31%	$79.25	$85.70	-8.84%	974,748 70.58%	1,381,000
Most Recent Note for JBL - 3/17/2023 12:47:06 PM Violated its 50 DMA line ($80.42) with volume-driven losses this week, abruptly slumping from its all-time high. 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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LECO - NASDAQ - MANUFACTURING - Machine Tools & Accessories Lincoln Electric Hldgs	$159.78	-3.01 -1.85%	$162.09	$176.52	-9.48%	362,311 90.13%	402,000
Most Recent Note for LECO - 3/17/2023 12:49:15 PM Slumped from near its all-time high with volume-driven losses this week violating its 50 DMA line ($165). Weak action came after it reported Dec '22 quarterly earnings +20% on +10% sales revenues versus the year-ago period, breaking a streak of quarterly comparisons above the +25% minimum earnings guideline (C criteria). The downward turn in FY '19 and '20 earnings was noted as a flaw concerning the annual earnings history (A criteria).
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MCBC - NASDAQ - BANKING - Regional - Midwest Banks Macatawa Bank Corp	$10.22	-0.28 -2.67%	$10.40	$11.84	-13.68%	53,476 93.82%	57,000
Most Recent Note for MCBC - 3/17/2023 12:52:06 PM Rebounded above its 200 DMA line ($10.07) after an abrupt decline on Monday. Since noted at its 52-week high on 11/04/22 it has sputtered. Reported strong Sep and Dec '22 quarterly results versus the year-ago periods. Prior earnings history and sales revenues growth are not a match with the fact-based investment system's guidelines (C and A criteria).
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MPX - NYSE - AUTOMOTIVE - Recreational Vehicles Marine Products Corp	$12.66	-0.29 -2.24%	$12.92	$14.55	-12.99%	15,394 76.97%	20,000
Most Recent Note for MPX - 3/17/2023 12:54:21 PM Quietly sputtering below its 50 DMA line ($13.21) this week after rebounding impressively from its October '22 low. Reported stronger sales revenues and earnings growth in the Jun, Sep, and Dec '22 quarters versus the year-ago periods. Fundamental concerns remain after a noted downturn in FY '19 and '20 annual earnings. It was dropped from the Featured Stocks list on 12/10/18.
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MSFT - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Microsoft Corp	$277.40	+1.20 0.43%	$283.33	$315.95	-12.20%	32,787,981 100.90%	32,497,000
Most Recent Note for MSFT - 3/17/2023 12:58:37 PM Posting a 5th consecutive volume-driven gain today, rebounding impressively from the recent lows. Reported earnings -6% on +2% sales revenues for the Dec '22 quarter versus the year-ago period. Prior quarterly comparisons, sequentially, showed a deceleration in its sales revenues growth rate and earnings increases below the +25% minimum earnings guideline (C criteria) of the fact-based investment system. Annual earnings (A criteria) growth has been strong and steady. It is already owned by 9,138 top-rated funds.
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NMIH - NASDAQ - Finance-Mrtg&Rel Svc N M I Holdings Inc Cl A	$21.03	-1.07 -4.82%	$21.79	$24.72	-14.95%	279,251 80.01%	349,000
Most Recent Note for NMIH - 3/17/2023 1:05:13 PM Reported earnings +18% on +6% sales revenues for the Dec '22 quarter, below the +25% minimum earnings guideline e(C criteria) of the fact-based investment system. Slumped back below its 50 DMA line ($22.63) with recent volume-driven losses. In the $26-27 area, it has met stubborn resistance for years.
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NSP - NYSE - Comml Svcs-Outsourcing Insperity Inc	$116.59	-2.42 -2.03%	$119.32	$125.95	-7.43%	144,493 71.53%	202,000
Most Recent Note for NSP - 3/17/2023 1:10:28 PM Sputtering near its 50 DMA line with damaging volume-driven losses. Little resistance remains due to overhead supply up to the $129 level. Reported earnings +256% on +15% sales revenues for the Dec '22 quarter versus the year-ago period, its 3rd quarterly comparison above the +25% minimum earnings guideline. Annual earnings history included a downturn in FY '21.
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OR - NYSE - Mining-Gold/Silver/Gems Osisko Gold Royalties	$14.61	+0.59 4.20%	$14.71	$14.42	1.31%	664,927 81.49%	816,000
Most Recent Note for OR - 3/17/2023 1:11:58 PM Rallying toward multi-year highs in the $14-15 area with today's big gain adding to 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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SSD - NYSE - MANUFACTURING - Small Tools & Accessories Simpson Manufacturing	$103.29	-2.10 -1.99%	$105.13	$120.66	-14.40%	124,153 78.58%	158,000
Most Recent Note for SSD - 3/17/2023 1:15:41 PM Sputtering below its 50 DMA line and it faces resistance due to overhead supply up to the $141 level. Reported Dec '22 quarterly earnings -16% on +14% sales revenues versus the year-ago period, its 2nd quarterly comparison below the +25% minimum earnings guideline (C criteria) of the fact-based investment system.
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ULTA - NASDAQ - SPECIALTY RETAIL - Specialty Retail, Other Ulta Salon Cosm & Frag	$502.72	-11.12 -2.16%	$511.14	$537.52	-6.47%	439,007 78.39%	560,000
Most Recent Note for ULTA - 3/17/2023 1:21:03 PM Slumping below its 50 DMA line ($513) with today's loss backed by above-average volume like recent others after hovering near its all-time high in a tight range for about 6 weeks. Reported Jan '23 quarterly earnings +24% on +18% sales revenues versus the year-ago period. Prior quarterly comparisons versus the year-ago periods have been mostly strong and well above the +25% minimum earnings guideline (C criteria). A big downturn in FY '21 earnings (A criteria) was noted as a flaw concerning the strict fundamental guidelines of the fact-based investment system.
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V - NYSE - Finance-CrdtCard/PmtPr Visa Inc Cl A	$216.70	-0.75 -0.34%	$217.72	$250.58	-13.52%	4,411,900 74.25%	5,942,000
Most Recent Note for V - 3/17/2023 1:22:33 PM Slumped below its 50 DMA line recently but finding support above its 200 DMA line 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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