Mid-Day Breakouts Report - Monday, May 8th, 2023

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MIDDAY BREAKOUTS REPORT - MONDAY, MAY 8TH, 2023
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DOW 33674.38 546.64 (1.65%) | NASDAQ 12235.41 269.01 (2.25%) | S&P 500 4136.25 75.03 (1.85%)

Time of Screening : 5/8/2023 12:39:05 PM Report Released : 5/8/2023 1:20:58 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 60% 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
BCH - NYSE - BANKING - Foreign Regional Banks Banco De Chile Adr	$22.54	+0.58 2.64%	$22.71	$22.56	-0.09%	116,166 64.90%	179,000
Most Recent Note for BCH - 5/8/2023 12:41:08 PM Challenging prior highs and no overhead supply remains to act as resistance. Reported Dec '22 quarterly earnings +21% on +34% sales revenues versus the year-ago period. The 4 prior quarterly comparisons showed strong earnings increases above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has not been strong and steady.
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BSY - NASDAQ - Computer Sftwr-Enterprse Bentley Systems Class B	$42.05	-0.55 -1.29%	$42.59	$43.61	-3.58%	444,254 60.36%	736,000
Most Recent Note for BSY - 5/8/2023 12:43:28 PM Reported Dec '22 quarterly earnings -14% on +7% sales revenues versus the year-ago period. Fundamental concerns remain as prior quarterly results were subpar.
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DFH - NYSE - Bldg-Resident/Comml Dream Finders Homes	$17.50	+1.37 8.49%	$17.64	$18.00	-2.78%	131,247 91.78%	143,000
Most Recent Note for DFH - 5/8/2023 12:45:00 PM Quarterly results through Dec '22 were strong, but Mar '23 quarterly earnings rose +7% on +16% sales revenues versus the year-ago period, below the +25% minimum earnings guideline (C criteria). Faces some resistance due to overhead supply.
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DRD - NYSE - METALS & MINING - Gold Drdgold Ltd Adr	$13.56	+0.45 3.43%	$13.85	$13.20	2.73%	508,841 109.43%	465,000
Most Recent Note for DRD - 5/8/2023 12:45:40 PM Hitting yet another new 52-week high with today's 5th consecutive volume-driven gain. Reported Dec '22 quarterly earnings +2% on +0% sales revenues versus the year-ago period. Fundamental concerns remain as when noted in the 7/27/20 mid-day report - "This low-priced South African company in the Mining - Gold/Silver/Gems group has an erratic earnings history, not a match with the fact-based investment system's guidelines."
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FTNT - NASDAQ - Computer Sftwr-Security Fortinet Inc	$66.24	+1.65 2.55%	$66.48	$69.07	-4.10%	2,973,533 69.59%	4,273,000
Most Recent Note for FTNT - 5/8/2023 12:47:10 PM Rebounded above its 50 DMA line ($63.47) last week, and rising toward the prior high with today's 3rd consecutive volume-driven gain. Faces some resistance due to overhead supply up to the $74 level. Reported Mar '23 quarterly earnings +79% on +32% sales revenues versus the year-ago period, its 4th strong earnings comparison above the +25% minimum (C criteria).
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GRBK - NASDAQ - Real Estate Dvlpmt/Ops Green Brick Partners Inc	$49.63	+1.55 3.22%	$49.77	$48.16	3.05%	334,267 94.96%	352,000
Most Recent Note for GRBK - 5/8/2023 12:48:07 PM Hitting yet another new 52-week high today following a big gap up and volume-driven gain on the prior session. Faces no resistance due to overhead supply. Reported Mar '23 quarterly earnings +14% on +15% sales revenues versus the year-ago period. The Dec '22 quarter was noted when breaking a streak of 10 strong quarterly comparisons above the +25% minimum guideline (C criteria). Strong annual earnings history (A criteria) included a slight downturn in FY '18. The Building - Residential/Commercial industry group is currently ranked 3rd on the 197 Industry Groups list, a reassuring sign concerning the L criteria. Completed a Secondary Offering on 1/27/21.
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HDB - NYSE - BANKING - Foreign Regional Banks H D F C Bank Ltd Adr	$67.57	+0.55 0.82%	$68.29	$71.76	-5.84%	949,507 63.38%	1,498,000
Most Recent Note for HDB - 5/8/2023 12:49:23 PM Consolidating near its 50 DMA line today following 2 volume-driven losses. Noted with caution in prior mid-day reports - "Reported earnings +11% on +20% sales revenues for the Mar '23 quarter versus the year-ago period and fundamental concerns remain. Prior quarterly earnings growth also was below the +25% minimum earnings guideline (C criteria). Shares split 2:1 on 9/26/19. This India-based financial institution was dropped from the Featured Stocks list on 1/17/08. Completed a new Public Offering on 2/05/15."
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KWR - NYSE - CHEMICALS - Specialty Chemicals Quaker Chemical	$208.65	+0.01 0.00%	$214.09	$216.45	-3.60%	56,490 64.93%	87,000
Most Recent Note for KWR - 5/8/2023 12:54:38 PM Reported Mar '23 quarterly earnings +33% on +5% sales revenues versus the year-ago period. Fundamental concerns remain. Its quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's guidelines.
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LPG - NYSE - Oil&Gas-Transprt/Pipelne Dorian LPG Ltd	$22.31	+1.20 5.68%	$22.62	$23.51	-5.10%	612,010 100.83%	607,000
Most Recent Note for LPG - 5/8/2023 12:56:02 PM Consolidating above its 50 DMA line ($21.29) after volume-driven gains and it remains perched within close striking distance of its 52-week high. Reported very strong Jun, Sep and Dec '22 quarterly earnings results versus the year-ago periods. Fundamental concerns remain due to its erratic annual earnings (A criteria) history.
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MNST - NASDAQ - MEDIA - Advertising Agencies Monster Beverage Corp	$58.71	-1.00 -1.67%	$59.41	$60.47	-2.91%	2,588,187 60.93%	4,248,000
Most Recent Note for MNST - 5/8/2023 12:59:42 PM Rallied to new 52-week and all-time highs with volume-driven gains last week. It reported earnings +36% on +12% sales revenues for the Mar '23 quarter versus the year-ago period. Fundamental concerns remain as the prior 4 quarterly comparisons were below the year-ago periods. Not a match with the fact-based investment system's guidelines calling for strong and steady earnings increases of at least +25% (C criteria). The beverage firm is a past great winner.
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MPX - NYSE - AUTOMOTIVE - Recreational Vehicles Marine Products Corp	$14.60	+0.24 1.67%	$14.91	$14.86	-1.75%	36,137 157.12%	23,000
Most Recent Note for MPX - 5/8/2023 1:00:48 PM Hitting another new 52-week high with above-average volume behind today's 3rd consecutive gain. On 5/01/23 it rose from a 12-week base. Noted in prior mid-day reports - "Reported Mar '23 quarterly earnings +62% versus the year-ago period. Reported strong 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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NVO - NYSE - DRUGS - Drug Manufacturers - Other Novo Nordisk A/S Adr	$168.30	+5.06 3.10%	$169.75	$172.97	-2.70%	1,108,031 78.14%	1,418,000
Most Recent Note for NVO - 5/8/2023 1:03:27 PM This Denmark-based Medical - Ethical Drugs firm gapped up today, and it is perched within close striking distance of its all-time high. Reported Mar '23 quarterly earnings +38% on +24% sales revenues versus the year-ago period. Fundamental concerns remain. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria).
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OPRA - NASDAQ - INTERNET - Content Opera ADR	$12.42	+1.23 10.99%	$12.47	$12.12	2.48%	939,850 302.20%	311,000
Most Recent Note for OPRA - 5/8/2023 1:13:21 PM Showed improved results for the Dec '22 and Mar '23 quarterly comparisons versus the year-ago periods, but fundamental concerns remain.
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POWL - NASDAQ - MANUFACTURING - Industrial Electrical Equipmen Powell Industries Inc	$49.98	+0.28 0.56%	$50.00	$49.99	-0.02%	53,998 81.82%	66,000
Most Recent Note for POWL - 5/8/2023 1:16:01 PM Hitting a new 52-week high today with another volume-driven gain. Reported greatly improved earnings in recent quarterly comparisons through Mar '23 versus the year-ago period. Erratic annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines.
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SEM - NYSE - HEALTH SERVICES - Specialized Health Services Select Medical Holdings	$29.74	-1.01 -3.28%	$30.71	$32.31	-7.95%	429,248 74.78%	574,000
Most Recent Note for SEM - 5/8/2023 1:18:52 PM Went through a deep consolidation since last noted with caution in the 6/15/21 mid-day report while hitting a new all-time high. Reported Mar '23 quarterly earnings +51% on +4% sales revenues versus the year-ago period. The prior 5 quarters showed earnings lower than the year-ago periods. Sales revenues growth has been lackluster, not a match with the fact-based system's fundamental guidelines.
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SWAV - NASDAQ - Medical-Systems/Equip Shockwave Medical	$276.44	-11.84 -4.11%	$287.48	$320.54	-13.76%	934,085 173.95%	537,000
Most Recent Note for SWAV - 5/8/2023 1:19:56 PM Slumping today with a big volume-driven loss. It made progress toward its 52-week high with considerable volume-driven gains. Noted in prior mid-day reports - "Resistance remains due to overhead supply up to the $320 level. Quarterly comparisons through Dec '22 showed very strong sales revenues and earnings increases over the year-ago periods. After years of losses, it had a profitable FY '22, but its annual earnings history (A criteria) is not a match with the strict fundamental guidelines of the fact-based investment system."
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WDAY - NYSE - Computer Sftwr-Enterprse Workday Inc Cl A	$176.99	-4.49 -2.47%	$177.95	$206.68	-14.37%	1,407,848 72.31%	1,947,000
Most Recent Note for WDAY - 5/8/2023 1:20:51 PM It went through a deep consolidation since dropped from the Featured Stocks list on 1/04/22. Reported improved Jan '23 quarterly results but fundamental concerns remain. Slumping further below its 50 DMA line with today's loss.
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