Mid-Day Breakouts Report - Thursday, May 2nd, 2024

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MIDDAY BREAKOUTS REPORT - THURSDAY, MAY 2ND, 2024
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DOW 38047.76 144.47 (0.38%) | NASDAQ 15732.92 127.44 (0.82%) | S&P 500 5038.21 19.82 (0.39%)

Time of Screening : 5/2/2024 12:48:16 PM Report Released : 5/2/2024 1:26:44 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 95% 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
NVO - NYSE Novo Nordisk A/S Adr	$125.23	-3.98 -3.08%	$127.94	5,019,063 107.29% of 50 DAV 50 DAV is 4,678,000	$138.28 -9.44%	3/1/2024	$124.23	PP = $124.97 MB = $131.22
Most Recent Note - 5/2/2024 1:09:55 PM G - Pulling back below the 50 DMA line ($127) with today's volume-driven loss again raising concerns. Prior low ($121.79 on 4/16/24) defines the next importand support to watch. Faces some near-term resistance up to the $138 level. Fundamentals remain strong. >>> The latest Featured Stock Update with an annotated graph appeared on 4/24/2024. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AMK - NYSE - Finance-Investment Mgmt Assetmark Finl Hldgs Inc	$34.00	+0.06 0.18%	$34.40	$37.54	-9.43%	400,897 101.49%	395,000
Most Recent Note for AMK - 5/2/2024 12:49:28 PM Slumped from its all-time high with volume-driven losses below its 50 DMA line ($35.14) while also undercutting the prior lows in the $34 area. Reported Mar '24 quarterly earnings +13% on +12% sales revenues versus the year-ago period. The prior 5 quarterly comparisons were above the +25% earnings minimum but waning sales revenues raised concerns in the latest. Annual earnings history has been strong and steady.
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APO - NYSE - REAL ESTATE - Property Management/Developmen Apollo Global Management	$111.51	+3.74 3.47%	$113.15	$117.15	-4.82%	2,287,053 106.13%	2,155,000
Most Recent Note for APO - 5/2/2024 12:52:22 PM Rebounding above its 50 DMA line ($111) with today's volume-driven gain. Earnings increases were above the +25% minimum guideline (C criteria) in 3 of the 4 latest quarterly comparisons versus the year-ago periods. Up and down annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines.
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ARES - NYSE - FINANCIAL SERVICES - Asset Management Ares Management, L.P.	$135.09	+3.39 2.57%	$135.33	$139.48	-3.15%	1,504,283 139.54%	1,078,000
Most Recent Note for ARES - 5/2/2024 12:53:40 PM Managed a "positive reversal" from today's early low, rebounding above its 50 DMA line ($133). Reported Mar '24 quarterly earnings -33% on -13% sales revenues versus the year-ago period. Completed a new Public Offering 4/06/21. Up and down annual earnings (A criteria) history does not match the fact-based investment system.
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BBVA - NYSE - BANKING - Foreign Regional Banks Banco Bilbao Viz Arg Adr	$10.45	-0.01 -0.10%	$10.53	$12.20	-14.34%	1,814,724 101.89%	1,781,000
Most Recent Note for BBVA - 5/2/2024 12:54:33 PM Halting its slide with today's gain after slumping below its 50 DMA line ($11) and undercutting the prior low ($10.49). Reported Mar '24 quarterly earnings +24% on +21% sales revenues versus the year-ago period, after 4 consecutive quarterly comparisons above the +25% minimum earnings guideline. This Spanish banking firm's annual earnings growth has been strong after a downturn in FY '20.
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EZPW - NASDAQ - SPECIALTY RETAIL - Specialty Retail, Other Ezcorp Inc Cl A	$10.38	-0.65 -5.90%	$10.69	$11.52	-9.90%	554,099 109.51%	506,000
Most Recent Note for EZPW - 5/2/2024 12:56:25 PM Gapped down today violating its 50 DMA line ($10.80) while retreating from multi-year highs after recently wedging higher with gains lacking great volume conviction. Reported +22% earnings on +13% sales revenues for the Mar '24 quarter versus the year-ago period. Prior quarterly comparisons showed solid improvements against the year ago periods. Annual earnings (A criteria) growth improved after a downturn in FY '19-21 raised concerns with regard to the fact-based investment system's fundamental guidelines.
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FLEX - NASDAQ - Elec-Contract Mfg Flex Ltd	$26.58	+0.24 0.89%	$26.58	$30.93	-14.08%	4,092,125 102.79%	3,981,000
Most Recent Note for FLEX - 5/2/2024 12:58:07 PM Gapped down on the prior session violating its 50 DMA line ($28.44) and undercutting prior lows with a damaging volume-driven loss. Reported Mar '24 quarterly earnings +30% on -12% sales revenues versus the year-ago period and fundamental concerns remain. Quarterly earnings (C criteria) history is not a match with the fact-based investment system's guidelines.
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FUTU - NASDAQ - Finance-Invest Bnk/Bkrs Futu Holdings Cl A Ads	$71.20	+7.10 11.08%	$71.65	$68.92	3.31%	2,564,315 174.80%	1,467,000
Most Recent Note for FUTU - 5/2/2024 12:59:26 PM Gapped up today challenging its Dec '22 high ($72.20) with a big volume-driven gain. Found support near its 50 and 200 DMA lines in recent weeks. Reported Dec '23 quarterly earnings -5% on +4% sales revenues versus the year ago period, below (C criteria) the +25% minimum earnings guideline. Annual earnings (A criteria) growth has been strong. China-based Financial firm completed a new Public Offering on 8/18/20. Completed its $12 IPO on 3/08/19.
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HWM - NYSE - Steel-Specialty Alloys Howmet Aerospace inc	$77.09	+10.31 15.43%	$77.88	$69.55	10.83%	4,409,869 126.68%	3,481,000
Most Recent Note for HWM - 5/2/2024 1:00:48 PM Gapped up today hitting a new all-time high with a considerable volume-driven gain. Recent quarterly comparisons through Mar '24 showed earnings increases above the +25% minimum guideline (C criteria) versus the year-ago period. Annual earnings (A criteria) history has improved after a downturn in FY '19-20.
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ING - NYSE - INSURANCE - Life Insurance I N G Group Nv Adr	$16.95	+1.02 6.40%	$17.13	$17.18	-1.34%	3,830,569 123.17%	3,110,000
Most Recent Note for ING - 5/2/2024 1:02:25 PM Gapped up today challenging multi-year highs. Reported Mar '24 quarterly earnings +8% on +0% sales revenues versus the year ago period, breaking a streak of 4 strong quarterly comparisons more than +25% above the year-ago period. Annual earnings history (A criteria) has been up and down.
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ITRI - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Itron Inc	$99.57	+8.03 8.77%	$100.95	$97.84	1.76%	487,800 96.59%	505,000
Most Recent Note for ITRI - 5/2/2024 1:03:14 PM Gapped up today and hit a new 52-week high with a big volume-driven gain. Reported Mar '24 quarterly earnings +153% on +22% sales revenues versus the year ago period. Fundamental concerns remain due to its erratic annual earnings (A criteria) history.
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ITT - NYSE - MANUFACTURING - Industrial Electrical Equipmen I T T Corp	$123.70	-5.58 -4.32%	$128.27	$138.30	-10.56%	365,638 103.29%	354,000
Most Recent Note for ITT - 5/2/2024 1:04:43 PM Violating its 50 DMA line ($129) and undercuting the prior low with today's 3rd consecutive volume-driven loss. Reported earnings +21% on +14% sales revenues for the Mar '24 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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LAMR - NASDAQ - MEDIA - Marketing Services Lamar Advertising Co	$118.28	+0.78 0.66%	$118.64	$121.99	-3.05%	511,639 117.62%	435,000
Most Recent Note for LAMR - 5/2/2024 1:05:57 PM Perched near its 52-week high with today's 5th consecutive gain while consolidating above its 50 DMA line ($114.77). Quarterly and annual earnings history (C and A criteria) is not a match with the fact-based investment system's fundamental guidelines.
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MUSA - NYSE - WHOLESALE - Basic Materials Wholesale Murphy USA Inc	$398.14	-13.67 -3.32%	$404.05	$430.83	-7.59%	282,431 135.78%	208,000
Most Recent Note for MUSA - 5/2/2024 1:07:27 PM Gapped down today violating its 50 DMA line and undercutting the prior lows with a damaging 3rd consecutive volume-driven loss. Reported earnings -35% on -5% sales revenues for the Mar '24 quarter versus the year ago period. Prior quarterly earninhgs and sales revenues comparisons were negative versus the year-ago periods and fundamental concerns remain.
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NVT - NYSE - Electrical-Power/Equipmt nVent Electric	$71.50	+0.43 0.61%	$72.04	$78.98	-9.47%	1,452,586 110.63%	1,313,000
Most Recent Note for NVT - 5/2/2024 1:11:17 PM Pulled back from its all-time high testing support at its 50 DMA line ($72). Reported Dec '23 quarterly earnings +18% on +16% sales revenues versus the year-ago period, below the +25% minimum earnings guideline (C criteria), breaking a streak of 5 strong quarterly comparisons.
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PH - NYSE - MANUFACTURING - Industrial Equipment & Compone Parker-Hannifin Corp	$528.21	-14.76 -2.72%	$535.00	$570.15	-7.36%	1,119,532 206.56%	542,000
Most Recent Note for PH - 5/2/2024 1:12:25 PM Gapped down today violating its 50 DMA line and undercutting prior lows. Reported Mar '24 quarterly earnings +10% on +0% sales revenues versus the year-ago period. This giant machinery firm's prior quarterly comparisons 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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PINS - NYSE - INTERNET - Content Pinterest Inc Cl A	$40.34	-0.14 -0.35%	$41.10	$41.60	-3.03%	10,383,101 116.12%	8,942,000
Most Recent Note for PINS - 5/2/2024 1:14:10 PM Perched within close striking distance of its 52-week high today after a considerable gap up on the prior session for a big volume-driven gain. Reported Mar '24 quarterly earnings +150% on +23% sales revenues versus the year-ago period, its 4th strong quarter. After a downturn in FY '22 its annual earnings (A criteria) history is not a match with the fundamental guidelines of the fact-based investment system.
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PRDO - NASDAQ - Consumer Svcs-Education Perdoceo Education Corp	$23.58	+5.24 28.57%	$23.59	$19.62	20.18%	856,326 143.44%	597,000
Most Recent Note for PRDO - 5/2/2024 1:15:09 PM Hitting a new 52-week high with today's considerable gap up and volume-driven gain. Reported Mar '24 quarterly earnings +3% on -14% sales revenues versus the year ago period. Fundamental concerns remain due to sub par sales revenues and earnings growth in prior quarters while there was a downturn in FY '22 earnings.
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PTC - NASDAQ - Computer Sftwr-Design P T C Inc	$174.31	-0.65 -0.37%	$176.93	$194.24	-10.26%	882,968 114.37%	772,000
Most Recent Note for PTC - 5/2/2024 1:16:51 PM Pulled back near its 200 DMA line with today's 4th consecutive volume-driven loss. Reported Mar '24 quarterly earnings +26% on +11% sales revenues versus the year-ago period. Prior quarterly comparisons did not show strong and steady earnings increases above the +25% minimum guideline (C criteria). Annual earnings growth has been up and down.
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QCOM - NASDAQ - TELECOMMUNICATIONS - Communication Equipment Qualcomm Inc	$176.93	+12.82 7.81%	$181.69	$177.59	-0.37%	15,153,191 191.57%	7,910,000
Most Recent Note for QCOM - 5/2/2024 1:19:42 PM Gapped up today from near its 50 DMA line ($167) hitting a new 52-week high with a big gain backed by heavy volume. Reported Mar '24 quarterly earnings +12% on +1% sales revenues versus the year ago period. Volume and volatility often increase near earnings news. Prior quarterly earnings increases were below the fact-based investment system's +25% earnings guideline. Annual earnings (A criteria) history has been up and down.
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SFM - NASDAQ - Retail-Super/Mini Mkts Sprouts Farmers Market	$73.60	+9.31 14.47%	$74.03	$68.03	8.18%	2,105,133 142.53%	1,477,000
Most Recent Note for SFM - 5/2/2024 1:20:28 PM Gapped up today for a big volume-driven gain hitting new 52-week and all-time highs, getting very extended from any sound base. Reported Mar '24 quarterly earnings +14% on +9% sales revenues versus the year-ago period. Prior quarterly earnings comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria) and annual earnings (A criteria) history included a downturn in FY '21.
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SPNS - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software Sapiens Intl Corp	$30.20	-0.46 -1.50%	$31.10	$35.33	-14.52%	222,222 161.03%	138,000
Most Recent Note for SPNS - 5/2/2024 1:23:19 PM Pulling back from its 52-week high, slumping below its 50 DMA line ($30.86) and undercutting the prior low ($29.78 on 4/19/24) with today's 3rd consecutive volume-driven loss. Last noted with caution in the 4/08/24 mid-day report - "Fundamental concerns remain. Quarterly comparisons through Dec '23 have been below the +25% minimum earnings guideline (C criteria). Completed a new Public Offering on 10/16/20."
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TPB - NYSE - Tobacco Turning Point Brands Inc	$31.43	+2.24 7.69%	$32.73	$29.86	5.27%	173,259 156.09%	111,000
Most Recent Note for TPB - 5/2/2024 1:25:53 PM Gapped up today hitting a new 52-week high with a 5th consecutive volume-driven gain. This Tobacco firm reported earnings +29% on -4% sales revenues for the Mar '24 quarter versus the year ago period. The prior 7 quarterly comparisons had earnings increases below the +25% minimum guideline (C criteria). Annual earnings (A criteria) history had a downturn in FY '22-23.
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YRD - NYSE - Finance-Consumer Loans Yirendai Ltd	$5.60	+0.40 7.69%	$5.60	$5.80	-3.45%	216,595 146.35%	148,000
Most Recent Note for YRD - 5/2/2024 1:26:39 PM Rallying within close striking distance of its 52-week high with higher volume behind today's 3rd consecutive gain. Reported Dec '23 quarterly earnings +17% on +14% sales revenues versus the year-ago period. Earnings increases were above the +25% minimum guideline (C criteria) in the 4 prior quarterly comparisons. Erratic history for this China-based Computer Software - Financial firm is a concern.
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