Mid-Day Breakouts Report - Wednesday, May 1st, 2024

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, MAY 1ST, 2024
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DOW 37917.48 101.56 (0.27%) | NASDAQ 15570.89 -86.93 (-0.56%) | S&P 500 5015.64 -20.05 (-0.40%)

Time of Screening : 5/1/2024 12:20:47 PM Report Released : 5/1/2024 12:58:20 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
CLH - NYSE - Pollution Control Clean Harbors Inc	$201.84	+12.39 6.54%	$205.76	$204.06	-1.09%	309,243 97.25%	318,000
Most Recent Note for CLH - 5/1/2024 12:22:21 PM Rallying from its 50 DMA line to hit a new 52-week high with today's gain. It was dropped from the Featured Stocks list on 9/26/23. Mar '24 quarterly earnings were -5% on +5% sales revenues versus the year-ago period, its 4th consecutive quarterly comparison below the +25% minimum earnings guideline (C criteria). Fundamental concerns remain.
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COR - NYSE - REAL ESTATE - REIT - Diversified/Industrial Coresite Realty Corp	$230.93	-8.12 -3.40%	$231.55	$246.75	-6.41%	1,421,619 124.81%	1,139,000
Most Recent Note for COR - 5/1/2024 12:23:42 PM Gapped down today violating its 50 DMA line ($238.60). This REIT reported earnings +9% on +8% sales revenues for the Mar '24 quarter. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria).
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CRS - NYSE - METALS & MINING - Steel & Iron Carpenter Technology	$93.95	+8.25 9.63%	$95.09	$86.79	8.25%	682,803 141.95%	481,000
Most Recent Note for CRS - 5/1/2024 12:24:31 PM Gapped up today hitting a new all-time high with a 2nd consecutive volume-driven gain. Sub par sales revenues growth and its erratic annual earnings (A criteria) history are not a match with the fact-based investment system's fundamental guidelines.
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EQH - NYSE - Finance-Investment Mgmt Equitable Holdings Inc	$37.39	+0.48 1.29%	$38.39	$38.44	-2.74%	1,838,192 71.50%	2,571,000
Most Recent Note for EQH - 5/1/2024 12:27:13 PM Challenging its 52-week high with today's gain. Fundamental concerns remain.
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GRMN - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Garmin Ltd	$163.13	+18.66 12.92%	$163.77	$149.54	9.09%	1,237,425 116.41%	1,063,000
Most Recent Note for GRMN - 5/1/2024 12:29:12 PM Hitting new multi-year highs with today's considerable gap up and volume-driven gain after finding support at its 50 DMA line ($143.68). Reported earnings +39% on +20% sales revenues for the Mar '24 quarter versus the year ago period, its 2nd quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been lackluster.
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HUBB - NYSE - Electrical-Power/Equipmt Hubbell Inc	$373.98	+3.46 0.93%	$376.75	$429.61	-12.95%	349,391 79.77%	438,000
Most Recent Note for HUBB - 5/1/2024 12:31:32 PM Halting its slide today. On the prior session it violated its 50 DMA line ($396) and slumped well below the prior low triggering a technical sell signal with a big volume-driven loss. Weak action came after reporting Mar '24 quarterly earnings +0% on +9% versus the year-ago period. It was dropped from the Featured Stocks list on 4/30/24.
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IR - NYSE - MANUFACTURING - Diversified Machinery Ingersoll-Rand Co Cl A	$92.35	-0.97 -1.04%	$94.16	$96.17	-3.97%	1,791,498 76.76%	2,334,000
Most Recent Note for IR - 5/1/2024 12:32:13 PM Finding support near its 50 DMA line and perched within striking distance of its all-time high. Due to report Mar '24 quarterly results. Reported Dec '23 quarterly earnings +19% on +12% sales revenues versus the year-ago period, its 2nd quarterly earnings comparison below the +25% minimum guideline (C criteria).
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ITT - NYSE - MANUFACTURING - Industrial Electrical Equipmen I T T Corp	$129.29	-0.05 -0.04%	$130.36	$138.30	-6.51%	227,209 66.05%	344,000
Most Recent Note for ITT - 5/1/2024 12:33:34 PM Hovering near its 50 DMA line and perched -6.6% off its 52-week high. Noted with caution in prior mid-day reports - "Reported earnings +4% on +7% sales revenues for the Dec '23 quarter versus the year-ago period. Fundamental concerns remain. Earnings increases in prior quarterly comparisons versus the year-ago periods have not been strong and steady above the minimum +25% guideline (C criteria). Annual earnings (A criteria) history has improved steadily after a downturn in FY '20."
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KKR - NYSE - Finance-Investment Mgmt K K R & Co Lp	$94.81	+1.74 1.87%	$97.28	$103.48	-8.38%	2,646,840 79.32%	3,337,000
Most Recent Note for KKR - 5/1/2024 12:35:24 PM Hovering below its 50 DMA line ($97.45) after a spurt of volume-driven losses. Recent quarterly comparisons showed strong growth. Erratic annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines.
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NS - NYSE - ENERGY - Oil &; Gas Pipelines Nustar Energy Lp	$22.34	-0.23 -1.02%	$22.67	$24.50	-8.82%	504,222 70.92%	711,000
Most Recent Note for NS - 5/1/2024 12:40:05 PM Rebounded near its 50 DMA line ($23) which may act as resistance. Sales revenues growth has been subpar. 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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NSIT - NASDAQ - RETAIL - Catalog & Mail Order Houses Insight Enterprises Inc	$174.71	-7.86 -4.31%	$181.96	$194.57	-10.21%	180,805 72.91%	248,000
Most Recent Note for NSIT - 5/1/2024 12:42:46 PM Slumping well below its 50 DMA line ($184) which recently acted as resistance. Due to report Mar '24 quarterly results. Reported Dec '23 quarterly earnings +18% on -11% sales revenues versus the year-ago period. Subpar sales revenues growth is a concern, fundamentally. Annual earnings (A criteria) history has been steady after a downturn in FY '13.
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PSN - NYSE - Computer Sftwr-Enterprse Parsons Corporation	$74.38	-4.13 -5.26%	$80.27	$85.44	-12.94%	714,441 70.11%	1,019,000
Most Recent Note for PSN - 5/1/2024 12:46:07 PM Slumping well below its 50 DMA line ($80.76) with today's 3rd consecutive loss backed by ever-increasing volume. Reported earnings +63% on +31% sales revenues for the Mar '24 quarter versus the year ago period, its 4th strong quarter above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) growth has not been strong and steady. Fundamental concerns remain.
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RSG - NYSE - MATERIALS & CONSTRUCTION - Waste Management Republic Services Inc	$184.41	-7.29 -3.80%	$187.75	$196.76	-6.28%	1,442,735 113.60%	1,270,000
Most Recent Note for RSG - 5/1/2024 12:48:39 PM This waste collection firm gapped down today violating its 50 DMA line ($187.72). Through the Mar '24 quarter it has not shown strong and steady quarterly earnings increases above the +25% minimum guideline (C criteria) and fundamental concerns remain.
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STRA - NASDAQ - DIVERSIFIED SERVICES - Education & Training Services Strayer Education Inc	$117.04	+2.20 1.92%	$117.09	$121.29	-3.50%	90,138 75.75%	119,000
Most Recent Note for STRA - 5/1/2024 12:49:46 PM Consolidating after a noted gap up on 4/25/24 rallying for considerable gains and new 52-week highs, recovering from below its 50 DMA line. Reported Mar 31, 2024 quarterly earnings +363% on +13% sales revenues versus the year-ago period, its 3rd strong quarterly comparison. Annual earnings (A criteria) history has been erratic. Small supply of 24.6 shares outstanding (S criteria) may contribute to greater price volatility in the event of institutional buying or selling.
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THC - NYSE - HEALTH SERVICES - Hospitals Tenet Healthcare Corp	$116.19	+3.90 3.47%	$116.50	$112.30	3.46%	853,913 69.37%	1,231,000
Most Recent Note for THC - 5/1/2024 12:51:00 PM Gapped up on the prior session and rallying further today hitting a new 52-week high with volume-driven gains. Found support near its 50 DMA line ($99). Reported Mar '24 quarterly earnings +127% on +7% sales revenues versus the year ago period. Prior quarterly comparisons were subpar and fundamental concerns remain based on the guidelines of the fact-based investment system.
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TXRH - NASDAQ - LEISURE - Restaurants Texas Roadhouse Inc	$155.55	-5.23 -3.25%	$160.43	$161.58	-3.73%	573,500 76.26%	752,000
Most Recent Note for TXRH - 5/1/2024 12:52:05 PM Pulling back today after rallying to new all-time highs with small volume-driven gains. Reported Dec '23 quarterly earnings +21% on +15% sales revenues versus the year-ago period and fundamental concerns remain. Quarterly earnings were not strong and steady above the +25% minimum guideline (C criteria).
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UFPT - NASDAQ - CONSUMER NON-DURABLES - Packaging & Containers U F P Tech Inc	$233.77	+27.83 13.51%	$245.26	$257.29	-9.14%	58,243 85.65%	68,000
Most Recent Note for UFPT - 5/1/2024 12:54:27 PM Rallying back above its 50 DMA line ($221) toward its all-time high with today's considerable volume-driven gain. Reported earnings +8% on +7% sales revenues for the Mar '24 quarter versus the year ago period. Two of the 4 latest quarterly earnings increases were below the +25% minimum guideline (C criteria). Lackluster 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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WING - NASDAQ - Retail-Restaurants Wingstop Inc	$364.35	-20.45 -5.31%	$396.00	$392.48	-7.17%	536,446 98.25%	546,000
Most Recent Note for WING - 5/1/2024 12:58:14 PM Reversed into the red after touching a new all-time high today, on track for a 2nd volume-driven loss. Recently found support at its 50 DMA line ($357) but did not form a sound base of sufficient length. Reported Mar '24 quarterly earnings +66% on +34% sales revenues versus the year-ago period, and 3 of the 4 latest quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings growth has been strong after a downturn in FY '19.
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