Mid-Day Breakouts Report - Friday, May 31st, 2024

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MIDDAY BREAKOUTS REPORT - FRIDAY, MAY 31ST, 2024
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DOW 38195.29 83.81 (0.22%) | NASDAQ 16459.17 -277.9 (-1.66%) | S&P 500 5196.06 -39.42 (-0.75%)

Time of Screening : 5/31/2024 12:51:54 PM Report Released : 5/31/2024 1:26:51 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

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
CLS - NYSE Celestica Inc	$53.77	-3.64 -6.33%	$57.49	2,098,057 92.14% of 50 DAV 50 DAV is 2,277,000	$61.06 -11.95%	5/15/2024	$51.52	PP = $51.22 MB = $53.78
Most Recent Note - 5/31/2024 1:00:16 PM G - Pulling back today with ever-increasing volume behind its 3rd consecutive loss, retreating from its all-time high. Noted recently - "Extended from the previously noted base. Prior highs in the $51 area define initial support to watch above its 50 DMA line ($47.83)." >>> The latest Featured Stock Update with an annotated graph appeared on 5/15/2024. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ANF - NYSE - RETAIL - Apparel Stores Abercrombie & Fitch Co	$171.53	-6.94 -3.89%	$177.13	$196.99	-12.92%	1,513,482 97.96%	1,545,000
Most Recent Note for ANF - 5/31/2024 12:55:30 PM Pulling back for a 2nd consecutive volume-drive loss today after spiking to new 52-week and all-time highs with considerable gains backed by above average volume. Reported very strong earninhgs increases in quarterly comparisons through Apr '14 but its erratic annual earnings (A criteria) history remains a concern.
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APO - NYSE - REAL ESTATE - Property Management/Developmen Apollo Global Management	$114.07	-2.70 -2.31%	$119.55	$117.21	-2.68%	1,810,859 89.03%	2,034,000
Most Recent Note for APO - 5/31/2024 12:58:12 PM Reversed into the red after today's early gain for a new all-time high. Through Mar '24 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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CAMT - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Camtek Ltd	$99.35	-6.01 -5.70%	$106.28	$109.49	-9.26%	276,500 68.61%	403,000
Most Recent Note for CAMT - 5/31/2024 12:59:10 PM This Israel-based Electronics firm is pulling back for a 2nd loss after powering to new 52-week highs with recent volume-driven gains. Reported Mar '24 quarterly earnings +50% on +34% sales revenues versus the year ago period. Prior quarterly results were subpar. Previously met stubborn resistance in the $89-90 area.
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COST - NASDAQ - RETAIL - Discount, Variety Stores Costco Wholesale Corp	$796.85	-18.49 -2.27%	$809.87	$819.50	-2.76%	1,684,045 99.00%	1,701,000
Most Recent Note for COST - 5/31/2024 1:02:26 PM Retreating from its all-time high with today's gap down and volume-driven loss, slumping toward the prior high ($787). Fundamental concerns remain. Reported earnings +10% on +9% sales revenues for the May '24 quarter versus the year ago period. Prior quarterly earnings comparisons were not strong and steady above the +25% minimum guideline (C criteria).
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CRAI - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services C R A International Inc	$172.41	+3.42 2.02%	$173.17	$178.52	-3.42%	26,618 88.73%	30,000
Most Recent Note for CRAI - 5/31/2024 1:02:47 PM Recently rallied to new all-time highs with volume-driven gains and it has stubbornly held its ground. Reported earnings +52% on +12% sales revenues for the Mar '24 quarter versus the year-ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been strong and steady.
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CRH - NYSE - Bldg-Cement/Concrt/Ag C R H Plc Adr	$79.21	-0.75 -0.94%	$80.30	$88.00	-9.99%	12,540,676 374.68%	3,347,000
Most Recent Note for CRH - 5/31/2024 1:03:40 PM Still lingering below its 50 DMA line ($81.65) which is now downward sloping. It was perched within close striking distance of its all-time high when noted in prior mid-day reports - "Irish Building - Cement firm reported strong Mar '24 earnings versus a loss on +2% sales revenues versus the year-ago period. Subpar sales revenues growth is cause for concern. Prior quarterly earnings comparisons have not been strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings growth has been strong after a downturn in FY '20."
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CRTO - NASDAQ - Comml Svcs-Advertising Criteo SA Ads	$38.66	-0.70 -1.78%	$39.85	$39.97	-3.28%	231,163 78.36%	295,000
Most Recent Note for CRTO - 5/31/2024 1:04:38 PM Pulling back today following 6 consecutive volume-driven gains after a brief consolidation since rallying above its Feb '23 high. Found support in recent weeks while consolidating near its 50 DMA line ($36.25). Reported earnings +60% on +1% sales revenues for the Mar '24 quarter versus the year ago period, its 4th consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria) but with subpar sales revenues growth still a cause for concern. Annual earnings history (A criteria) has been up and down, not a good match with the fact-based investment system's fundamental guidelines.
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EME - NYSE - MATERIALS & CONSTRUCTION - General Contractors Emcor Group Inc	$382.42	-13.17 -3.33%	$400.97	$401.98	-4.87%	318,434 77.29%	412,000
Most Recent Note for EME - 5/31/2024 1:05:47 PM Pulling back from its all-time high today after recently wedging higher and getting extended from any sound base. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Reported Mar '24 quarterly earnings +80% on +19% sales revenues versus the year-ago period, its 6th quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earning growth has been steady.
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FCNCA - NASDAQ - BANKING - Regional - Mid-Atlantic Banks First Citizens Bancshs A	$1,702.67	-20.70 -1.20%	$1,726.70	$1,810.03	-5.93%	50,566 65.67%	77,000
Most Recent Note for FCNCA - 5/31/2024 1:08:37 PM Retreating from its all-time high with today's 4th consecutive loss. Found support near its 50 DMA line ($1,669) during prior consolidations. Reported Mar '24 quarterly earnings +163% on -78% sales revenues versus the year ago period. It showed very strong Jun, Sep, and Dec '23 quarterly results well above the +25% minimum earnings guideline (C criteria).
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FLXS - NASDAQ - CONSUMER DURABLES - Home Furnishings & Fixtures Flexsteel Industries Inc	$35.81	-1.69 -4.51%	$37.51	$41.64	-14.00%	15,885 69.07%	23,000
Most Recent Note for FLXS - 5/31/2024 1:09:25 PM Reported +139% earnings on +8% sales for the Mar '24 quarter but fundamental concerns remain. Quarterly and annual earnings and sales revenues growth history is not a match with the fact-based investment system guidelines.
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FSLR - NASDAQ - ELECTRONICS - Semiconductor - Broad Line First Solar Inc	$262.62	-14.16 -5.12%	$281.00	$286.60	-8.37%	2,257,202 87.69%	2,574,000
Most Recent Note for FSLR - 5/31/2024 1:10:41 PM Consolidating after noted volume-driven gains for new 52-week highs. It has been quickly approaching its all-time high ($317 in May '08). Reported Mar '24 quarterly earnings +450% on +45% sales revenues versus the year ago period. Recent quarterly comparisons show great improvement. Not a match with the fact-based investment system's guidelines (A criteria) after a loss in FY '22. It was dropped from the Featured Stocks list on 6/4/2008.
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HEI - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services Heico Corp	$219.55	+4.44 2.06%	$219.67	$225.61	-2.69%	242,393 71.93%	337,000
Most Recent Note for HEI - 5/31/2024 1:11:12 PM Hovering at its all-time high. Posted a couple of volume-driven gains since rallying from below its 50 DMA line. Reported Apr '24 quarterly earnings +16% on +39% sales revenues versus the year-ago period. Prior quarterly comparisons versus the year-ago periods have not been strong and steady above the +25% minimum earnings guideline (C criteria) of the fact-based investment system.
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HTBI - NASDAQ - BANKING - Regional - Southeast Banks Hometrust Bancshares Inc	$27.55	-0.01 -0.04%	$27.84	$30.99	-11.10%	19,817 66.06%	30,000
Most Recent Note for HTBI - 5/31/2024 1:12:24 PM Consolidating -11.1% off its 52-week high. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings history has been up and down.
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IBKR - NASDAQ - Finance-Invest Bnk/Bkrs Interactive Brokers Grp	$122.83	-4.46 -3.50%	$127.72	$129.19	-4.92%	680,484 78.40%	868,000
Most Recent Note for IBKR - 5/31/2024 1:13:49 PM Pulling back today for a 3rd consecutive loss after wedging into all-time high territory with gains in recent weeks lacking great volume conviction. Reported Mar '24 quarterly earnings +21% on +14% sales revenues versus the year-ago period, its 2nd quarterly comparison below the +25% minimum earnings guideline (C criteria). Annual earnings for FY '19 matched the year prior while otherwise its annual earnings (A criteria) growth has been steady.
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NTAP - NASDAQ - COMPUTER HARDWARE - Data Storage Devices Netapp Inc	$117.02	+0.52 0.45%	$121.48	$118.68	-1.40%	1,684,824 98.24%	1,715,000
Most Recent Note for NTAP - 5/31/2024 1:19:11 PM Perched at new multi-year highs with today's gain adding to recently noted volume-driven gains. Found support near its 50 DMA line during its consolidation after a considerable "breakaway gap" noted on 3/04/24. Reported Apr '24 quarterly earnings +17% on +6% sales revenues versus the year ago period. Fundamental concerns remain. Annual earnings (A criteria) growth history has been up and down.
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NVDA - NASDAQ - ELECTRONICS - Semiconductor - Specialized Nvidia Corp	$1,076.36	-28.64 -2.59%	$1,127.17	$1,158.19	-7.07%	30,852,715 67.83%	45,484,000
Most Recent Note for NVDA - 5/31/2024 1:19:51 PM Pulling back from a new all-time high following recently noted gaps up and volume-driven gains clearing an 11-week "V" shaped consolidation. Reported Apr '24 quarterly earnings +461% on +262% sales revenues versus the year ago period, its 4th very strong quarter after 3 quarterly comparisons down from the year-ago periods. Annual earnings (A criteria) history has been up and down, noted as a flaw with regard to the fact-based investment system's guidelines. Completed the Mellanox Technologies (MLNX) acquisition on 4/27/20.
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NVT - NYSE - Electrical-Power/Equipmt nVent Electric	$78.40	-4.29 -5.19%	$83.09	$86.57	-9.44%	1,226,577 81.66%	1,502,000
Most Recent Note for NVT - 5/31/2024 1:21:58 PM Pulling back from its all-time high with today's 4th consecutive loss testing prior highs in the $78-79 area. Recently rallied from support at its 50 DMA line ($77). Reported Mar '24 quarterly earnings +15% on +18% sales revenues versus the year-ago period, its 2nd comparison below the +25% minimum earnings guideline (C criteria) following a streak of 5 strong quarterly comparisons.
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PSTG - NYSE - Computer-Data Storage Pure Storage Inc Cl A	$59.90	-3.36 -5.30%	$64.51	$68.75	-12.88%	3,791,745 123.87%	3,061,000
Most Recent Note for PSTG - 5/31/2024 1:22:41 PM Retreating abruptly today after it hit yet another new all-time high on the prior session with a 4th consecutive volume-driven gain. Reported Apr '24 quarterly earnings +300% on +18% sales revenues versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings (C criteria) guideline. Annual earnings history (A criteria) included a downturn in FY '21.
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UBS - NYSE - BANKING - Money Center Banks U B S Ag	$31.39	+0.16 0.50%	$31.54	$32.13	-2.32%	1,820,989 74.94%	2,430,000
Most Recent Note for UBS - 5/31/2024 1:26:45 PM Rebounded with recent gains lacking great volume while challenging prior highs in the $31-32 area which acted as stubborn resistance in prior months. Reported +63% earnings on +71% sales revenues for the Mar '24 quarter versus the year-ago period. Prior quarterly comparisons have been erratic, fundamentally below guidelines of the fact-based investment system.
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