Mid-Day Breakouts Report - Thursday, April 27th, 2023

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MIDDAY BREAKOUTS REPORT - THURSDAY, APRIL 27TH, 2023
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DOW 33567.69 265.82 (0.80%) | NASDAQ 12045.1 190.75 (1.61%) | S&P 500 4098.01 42.02 (1.04%)

Time of Screening : 4/27/2023 12:05:27 PM Report Released : 4/27/2023 1:34:44 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 65% 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	$97.91	+3.99 4.24%	$98.16	$100.80	-2.87%	235,467 67.86%	347,000
Most Recent Note for AAON - 4/27/2023 12:12:02 PM Rebounding near its high today after a pullback with above-average volume on the prior session. Due to report Mar '23 quarterly results. Noted in prior mid-day reports after a 2/28/23 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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ABBV - NYSE - Medical-Ethical Drugs AbbVie Inc	$148.36	-13.44 -8.31%	$153.87	$168.11	-11.75%	8,412,066 145.46%	5,783,000
Most Recent Note for ABBV - 4/27/2023 12:14:45 PM Gapped down today and violated its 50 and 200 DMA lines with a considerable volume-driven loss. Reported earnings -22% for the Mar '23 quarter versus the year-ago period. Subpar sales revenues growth and prior quarterly earnings history do not match the fact-based investment system's guidelines.
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ADI - NASDAQ - ELECTRONICS - Semiconductor - Broad Line Analog Devices	$174.92	-5.74 -3.18%	$178.94	$198.25	-11.77%	2,378,434 72.34%	3,288,000
Most Recent Note for ADI - 4/27/2023 12:20:12 PM Gapped down today, slumping further below its 50 DMA line with a third consecutive loss. Reporting Jan '23 quarterly earnings +42% on +21% sales revenues for the quarter versus the year-ago period marking its 5th quarterly comparison above the +25% minimum guideline (C criteria). Downturn in FY '19 and '20 annual earnings (A criteria) is a fundamental flaw with regard to the strict guidelines of the fact-based investment system.
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BBVA - NYSE - BANKING - Foreign Regional Banks Banco Bilbao Viz Arg Adr	$7.54	+0.26 3.58%	$7.58	$7.93	-4.91%	1,811,035 98.37%	1,841,000
Most Recent Note for BBVA - 4/27/2023 12:20:55 PM Consolidating near its 50 DMA line ($7.24) following a volume-driven loss when the prior mid-day report again cautioned members - "Fundamental concerns remain for this Spanish banking firm."
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BELFB - NASDAQ - ELECTRONICS - Diversified Electronics Bel Fuse Inc Cl B	$37.37	+6.74 22.00%	$37.94	$42.00	-11.02%	114,393 105.92%	108,000
Most Recent Note for BELFB - 4/27/2023 12:24:18 PM Gapped up today rebounding above its 50 DMA line after briefly undercutting its 200 DMA line. The Electronic - Parts firm reported Mar '23 quarterly earnings +263% versus the year-ago period, adding to a streak of very strong quarterly results. Annual earnings (A criteria) history has been erratic, not a match with the fact-based investment system's fundamental guidelines.
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CHDN - NASDAQ - LEISURE - Gaming Activities Churchill Downs Inc	$281.54	+29.70 11.79%	$282.63	$264.11	6.60%	225,085 116.62%	193,000
Most Recent Note for CHDN - 4/27/2023 12:27:58 PM Powering to a new 52-week high with today's gap up and considerable volume-driven gain. Found support near its 50 DMA line during recent consolidations. Reported Mar '23 earnings +66% on +54% 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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CW - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services Curtiss-Wright Corp	$166.36	-0.51 -0.31%	$167.73	$182.55	-8.87%	116,559 83.26%	140,000
Most Recent Note for CW - 4/27/2023 12:30:37 PM Slumping well below its 50 DMA line with today's 5th consecutive loss from near its all-time high. Reported earnings +22% on +14% sales for the Dec '22 quarter, and prior quarterly comparisons had earnings increases below the +25% minimum guideline (C criteria). Annual earnings (A criteria) had a downturn in FY '20.
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DECK - NYSE - Apparel-Clothing Mfg Deckers Outdoor Corp	$462.60	-15.95 -3.33%	$476.19	$492.44	-6.06%	266,638 76.84%	347,000
Most Recent Note for DECK - 4/27/2023 12:32:07 PM Pulling back with higher volume after recently wedging to an all-time high. Fundamental concerns remain after recent quarters through Dec '22 showed subpar earnings growth. Went through a deep consolidation and then rebounded impressively since last noted when dropped from the Featured Stocks list on 9/30/21.
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EME - NYSE - MATERIALS & CONSTRUCTION - General Contractors Emcor Group Inc	$166.88	+9.02 5.71%	$169.13	$169.89	-1.77%	261,025 72.91%	358,000
Most Recent Note for EME - 4/27/2023 12:36:34 PM Gappped up today challenging its all-time high with a big volume-driven gain after reporting Mar '23 quarterly earnings +67% versus the year-ago period. Volume and volatility often increase near earnings news. Consolidated near prior highs and its 50 DMA line since powering to a new all-time high in late February. Bullish action came after it reported earnings +39% on +12% sales revenues for the Dec '22 quarter versus the year-ago period. Fundamental concerns remain. Prior quarterly earnings (C criteria) history is not a match with the fact-based investment system's fundamental guidelines. Annual earning growth has been steady.
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FCN - NYSE - DIVERSIFIED SERVICES - Business/Management Services F T I Consulting Inc	$189.54	-8.72 -4.40%	$194.40	$205.63	-7.82%	314,566 131.62%	239,000
Most Recent Note for FCN - 4/27/2023 12:39:08 PM Abruptly retreating from near its all-time high with today's considerable volume-driven loss, however, it has recovered from early lows undercutting its 50 and 200 DMA lines. Reported earnings -19% for the Mar '23 quarter versus the year-ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) have improved steadily after a downturn in FY '12-14.
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GGG - NYSE - MANUFACTURING - Diversified Machinery Graco Inc	$76.94	+7.98 11.57%	$77.84	$73.10	5.25%	1,062,241 109.62%	969,000
Most Recent Note for GGG - 4/27/2023 12:47:08 PM Gapped up today rebounding back above its 50 DMA line ($70) and well above recent highs. Faces some resistance due to overhead supply up to the $81 level. Reported earnings +30% on +7% sales revenues for the Mar '23 quarter versus the year-ago period. Prior quarterly comparisons were below its +25% minimum guideline (C criteria). Annual earnings history has been steady.
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GWW - NYSE - WHOLESALE - Electronics Wholesale Grainger W W Inc	$682.30	+22.48 3.41%	$685.60	$709.21	-3.79%	209,292 77.80%	269,000
Most Recent Note for GWW - 4/27/2023 1:00:18 PM Faces some resistance up to the $709 level. Endured distributional action in recent weeks and it is rebounding above its 50 DMA line ($670) helping its outlook improve, rallying toward its all-time high ($709.21 3/06/23) with today's gap up and volume-driven gain. Reported earnings +36% for the quarter ended March 31, 2023 versus the year-ago period marking its 7th consecutive quarterly comparison well above the minimum +25% earnings guideline (C criteria). The annual earnings history for this Retail/Wholesale Building Prds firm included a downturn in FY '20, a common flaw in this post-pandemic era with respect to the A criteria of the fact-based investment system's guidelines.
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LII - NYSE - CONSUMER DURABLES - Appliances Lennox International Inc	$276.46	+19.39 7.54%	$279.99	$278.84	-0.85%	233,983 80.41%	291,000
Most Recent Note for LII - 4/27/2023 1:02:35 PM Rebounding toward prior highs with today's gap up and volume-driven gain. Reported +15% earnings for the Mar '23 quarter versus the year-ago period. Went through a deep consolidation since noted with caution in the 7/23/19 mid-day report - "Fundamental concerns remain due to subpar sales revenues growth."
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LLY - NYSE - Medical-Diversified Lilly Eli & Co	$383.84	+7.57 2.01%	$398.53	$390.48	-1.70%	2,485,807 80.34%	3,094,000
Most Recent Note for LLY - 4/27/2023 1:04:53 PM Hitting a new all-time high with today's gain. Reported Mar '23 quarterly earnings -38% versus the year-ago period and fundamental concerns remain. Prior quarterly comparisons were also well below the +25% minimum earnings guideline (C criteria) of the fact-based investment system. It was dropped from the Featured Stocks list on 8/11/22.
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MMSI - NASDAQ - HEALTH SERVICES - Medical Instruments & Supplies Merit Medical Systems	$80.82	+3.15 4.06%	$82.99	$79.18	2.07%	236,208 87.81%	269,000
Most Recent Note for MMSI - 4/27/2023 1:08:28 PM Gapped up today hitting a new all-time high. Reported Mar '23 quarterly earnings +21% on +9% sales revenues versus the year-ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria) with lackluster sales revenues growth. Annual earnings history (A criteria) has steady after a downturn in FY '19. Completed a new Public offering on 7/25/18.
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MSFT - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Microsoft Corp	$303.43	+8.06 2.73%	$303.75	$297.30	2.06%	22,120,870 75.20%	29,415,000
Most Recent Note for MSFT - 4/27/2023 1:08:54 PM Gapped up on the prior session after reporting earnings +10% on +7% sales revenues for the Mar '23 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 9,240 top-rated funds.
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MTH - NYSE - MATERIALS & CONSTRUCTION - Residential Construction Meritage Homes Corp	$121.98	+0.13 0.11%	$122.22	$130.68	-6.66%	347,196 77.15%	450,000
Most Recent Note for MTH - 4/27/2023 1:12:30 PM Rebounded from the session's early low near its 50 DMA line ($114) following 2 losses with near average volume after briefly wedging to a new all-time high last week. Reported Mar '23 quarterly earnings -39% on -1% sales revenues versus the year-ago period. The Dec '22 quarter was noted for breaking a long streak of quarterly comparisons well above the +25% minimum earnings guideline (C criteria).
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NEU - NYSE - CHEMICALS - Specialty Chemicals Newmarket Corporation	$387.98	+25.78 7.12%	$389.73	$372.50	4.16%	25,429 65.20%	39,000
Most Recent Note for NEU - 4/27/2023 1:22:18 PM The Chemicals - Specialty firm is powering to a new 52-week high with today's gap up and considerable gain. Reported earnings +75% on +6% sales revenues for the Mar '23 quarter versus the year-ago period. Recent quarterly comparisons show very strong earnings increases. Its annual earnings (A criteria) history had a big downturn in FY '21.
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NOA - NYSE - Oil&Gas-Field Services North American Const Grp	$18.87	+0.70 3.85%	$19.14	$18.87	0.00%	49,132 67.30%	73,000
Most Recent Note for NOA - 4/27/2023 1:23:41 PM Found support at its 50 DMA line ($17.04) and it wedged up to hit new 52-week highs with recent gains lacking great conviction. Noted with caution in prior mid-day reports - "Reported stronger Sep and Dec '22 quarterly results but fundamental concerns remain."
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PLPC - NASDAQ - MATERIALS & CONSTRUCTION - Heavy Construction Preformed Line Products	$121.20	+0.12 0.10%	$126.79	$130.00	-6.77%	13,108 77.11%	17,000
Most Recent Note for PLPC - 4/27/2023 1:24:51 PM Perched near its all-time high following noted volume-driven gains. Through the Dec '22 quarter, 3 of the past 4 quarterly comparisons versus the year-ago period had earnings per share up +25% or more (C criteria). Annual earnings had a downturn in FY '19.
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PNR - NYSE - MANUFACTURING - Diversified Machinery Pentair Ltd	$56.09	+3.67 7.00%	$56.20	$60.85	-7.82%	1,177,516 82.40%	1,429,000
Most Recent Note for PNR - 4/27/2023 1:25:44 PM Reported earnings +7% on +1% sales revenues for the Mar '23 quarter versus the year-ago period and fundamental concerns remain. Prior earnings and sales revenues history has been below guidelines of the fact-based investment system.
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ROK - NYSE - Electrical-Power/Equipmt Rockwell Automation Inc	$275.22	+4.59 1.70%	$283.81	$309.36	-11.04%	1,098,505 165.69%	663,000
Most Recent Note for ROK - 4/27/2023 1:26:44 PM Posting a volume-driven gain today yet still sputtering below its 50 DMA line ($285) in recent weeks. Faces resistance due to overhead supply up to the $354 level. Noted with caution in prior mid-day reports - "Reported earnings +15% on +7% sales revenues for the Dec '22 quarter. Prior earnings history was not strong and steady above the +25% minimum earnings guideline (C criteria)."
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SLGN - NASDAQ - Containers/Packaging Silgan Holdings Inc	$47.85	-0.69 -1.41%	$49.05	$56.10	-14.71%	262,218 74.49%	352,000
Most Recent Note for SLGN - 4/27/2023 1:27:12 PM Following Mar '23 quarterly results it violated its 50 and 200 DMA lines with a considerable volume-driven loss after it was perched near its all-time high. Reported earnings +6% on +1% sales revenues for the Dec '22 quarter versus the year-ago period. Prior quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria). Annual earnings history (A criteria) has been strong and steady.
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TMHC - NYSE - Bldg-Resident/Comml Taylor Morrison Hme Cl A	$41.26	+2.20 5.62%	$41.36	$40.53	1.79%	949,441 103.09%	921,000
Most Recent Note for TMHC - 4/27/2023 1:29:03 PM Hitting another new 52-week high with today's volume-driven gain. During its prior consolidation, it found support above its 50 DMA line ($36.97). Reported earnings +21% on -2% sales revenues for the Mar '23 quarter versus the year-ago period. Prior quarterly comparisons were well above the +25% minimum guideline (C criteria) but showed a sequential deceleration in sales revenues growth rate.
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TSCO - NASDAQ - SPECIALTY RETAIL - Specialty Retail, Other Tractor Supply Co	$238.91	-4.28 -1.76%	$242.40	$251.17	-4.88%	976,038 99.70%	979,000
Most Recent Note for TSCO - 4/27/2023 1:31:59 PM Abruptly pulling back from a new all-time high, undercut its 50 DMA line ($235) earlier then recovered. Reported earnings +0% for the Mar '23 quarter versus the year-ago period. Prior quarterly comparisons were below the +25% minimum guideline (C criteria). Annual earnings history has been steady.
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UMC - NYSE - ELECTRONICS - Semiconductor - Integrated Cir United Microelectrnc Adr	$7.85	+0.16 2.02%	$7.96	$9.10	-13.79%	4,650,011 69.97%	6,646,000
Most Recent Note for UMC - 4/27/2023 1:32:58 PM Reported Mar '23 quarterly earnings -24% on -20% sales revenues versus the year-ago period. The Dec '22 quarter was noted for breaking a streak of many quarterly comparisons above the +25% minimum guideline (C criteria). Went through a deep consolidation since dropped from the Featured Stocks list on 1/26/22.
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WCN - NYSE - MATERIALS & CONSTRUCTION - Waste Management Waste Connections Inc	$135.05	-5.17 -3.69%	$139.27	$148.20	-8.87%	1,554,352 175.83%	884,000
Most Recent Note for WCN - 4/27/2023 1:34:39 PM Encountering distributional pressure with 4 consecutive volume-driven losses. Wedged up toward its prior high and all-time high with gains lacking great volume conviction and prior mid-day reports cautioned members - "Reported earnings +7% on +15% sales revenues for the quarter ended December 31, 2022 versus the year-ago period. Prior quarterly comparisons have not shown strong and steady earnings increases above the +25% minimum guideline (C criteria). Annual earnings (A criteria) track record included a slight downturn in FY '20."
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