Mid-Day Breakouts Report - Friday, June 2nd, 2023

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MIDDAY BREAKOUTS REPORT - FRIDAY, JUNE 2ND, 2023
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DOW 33616.05 554.48 (1.68%) | NASDAQ 13230.78 129.79 (0.99%) | S&P 500 4274.8 53.78 (1.27%)

Time of Screening : 6/2/2023 12:03:54 PM Report Released : 6/2/2023 1:08:16 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 70% 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
AVGO - NASDAQ - ELECTRONICS - Semiconductor - Integrated Circuits Broadcom Inc	$805.51	+15.56 1.97%	$823.77	$921.78	-12.61%	3,313,098 131.06%	2,528,000
Most Recent Note for AVGO - 6/2/2023 12:12:23 PM Very extended from any sound base and there was a "negative reversal" on 5/30/23 after hitting a new all-time high. Reported earnings +14% on +8% sales revenues for the Apr '23 quarter versus the year ago period, its 2nd subpar quarter. Prior quarterly comparisons were above the +25% minimum guideline (C criteria). Annual earnings history (A criteria) has been strong.
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BBVA - NYSE - BANKING - Foreign Regional Banks Banco Bilbao Viz Arg Adr	$6.97	+0.23 3.41%	$7.00	$7.93	-12.11%	1,535,550 81.16%	1,892,000
Most Recent Note for BBVA - 6/2/2023 12:13:07 PM Still consolidating below its 50 DMA line ($7.07). Prior mid-day reports cautioned members - "Fundamental concerns remain for this Spanish banking firm."
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CLMB - NASDAQ - Wholesale-Electronics Climb Global Solutions	$48.00	-0.49 -1.01%	$50.00	$55.70	-13.82%	29,411 133.69%	22,000
Most Recent Note for CLMB - 6/2/2023 12:15:42 PM Sputtering below its 50 DMA line ($49.48) encountering distributional pressure. Reported Mar '23 quarterly earnings +21% on +19% sales revenues versus the year-ago period. Fundamental concerns remain.
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CODA - NASDAQ - Aerospace/Defense Coda Octopus Group Inc	$10.90	+0.32 3.02%	$10.96	$10.73	1.58%	63,754 265.64%	24,000
Most Recent Note for CODA - 6/2/2023 12:17:16 PM Hitting new multi-year highs with today's 5th volume-driven gain in the span of 6 sessions. Fundamental concerns remain for this thinly-traded Aerospace/Defense firm. Prior mid-day reports noted - "Prior quarterly and annual earnings (C and A criteria) history is not a match with the guidelines of the fact-based investment system."
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CRM - NYSE - INTERNET - Internet Software & Services Salesforce.com Inc	$211.16	-1.74 -0.82%	$216.14	$225.00	-6.15%	4,881,485 81.88%	5,962,000
Most Recent Note for CRM - 6/2/2023 12:23:26 PM Sputtering today after a gap down on the prior session, retreating from its 52-week high following 5 consecutive gains marked by ever-increasing volume. Reported Apr '23 quarterly earnings +72% on +11% sales revenues versus the year ago period. Went through a deep consolidation from its all-time high since noted with caution in the 12/01/21 mid-day report. Large supply of 1 billion shares outstanding (S criteria) makes it an unlikely sprinter, and it is already owned by more than 4,270 top-rated funds (I criteria). Quarterly earnings comparisons have not been strong and steady above the +25% minimum guideline (C criteria). Up and down annual earnings (A criteria) history remains a concern.
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GENC - NASDAQ - MANUFACTURING - Farm &; Construction Machinery Gencor Industries Inc	$14.48	+0.13 0.87%	$14.61	$15.53	-6.79%	23,086 85.50%	27,000
Most Recent Note for GENC - 6/2/2023 12:25:04 PM Rebounded above its 50 DMA line ($14.28) this week and on track today for a 3rd consecutive gain. Fundamental concerns remain.
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JFIN - NASDAQ - Financial Svcs-Specialty Jiayin Group Cl A	$7.05	+0.75 11.90%	$7.28	$6.47	8.96%	569,168 261.09%	218,000
Most Recent Note for JFIN - 6/2/2023 12:27:14 PM Rallying impressively in recent weeks following a deep consolidation from its $14 high in Mar '21. Due to report Mar '23 quarterly results on 6/14/23. China-based firm's quarterly earnings comparisons through Dec '22 have been strong versus the year-ago period. There was a downturn in FY '19 and '20 earnings, and fundamental concerns remain.
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KBR - NYSE - DIVERSIFIED SERVICES - Technical Services K B R Inc	$61.11	+1.66 2.79%	$61.28	$59.99	1.87%	824,972 74.52%	1,107,000
Most Recent Note for KBR - 6/2/2023 12:30:38 PM Hitting a new 52-week high with today's 5th consecutive gain backed by ever-increasing volume. Reported Mar '23 quarterly earnings +8% on -1% sales revenues versus the year ago period, its 3rd consecutive quarterly comparison below the +15% minimum earnings guideline. Last noted with caution in the 12/08/22 mid-day report - "Prior quarterly comparisons showed stronger earnings increases but sequential comparisons showed waning sales revenues growth. Not a match with the fact-based investment system's fundamental guidelines."
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MPX - NYSE - AUTOMOTIVE - Recreational Vehicles Marine Products Corp	$15.27	+0.43 2.90%	$15.30	$15.85	-3.66%	27,856 87.05%	32,000
Most Recent Note for MPX - 6/2/2023 12:36:13 PM Up today after 4 consecutive losses retreating from its 52-week high toward prior highs in the $14 area. 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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MSI - NYSE - TELECOMMUNICATIONS - Communication Equipment Motorola Solutions Inc	$283.06	+0.84 0.30%	$284.02	$299.43	-5.47%	519,231 71.13%	730,000
Most Recent Note for MSI - 6/2/2023 12:40:30 PM Violated its 50 DMA line ($288.69) with recent volume-driven losses after again wedging to new all-time highs with gains lacking great volume conviction. Reported earnings +31% on +15% sales revenues for the Mar '23 quarter versus the year-ago period, its 3rd strong quarter above the +25% minimum earnings guideline (C criteria). Steady annual earnings history (A criteria) included a slight downturn in FY '20, and consensus estimates are for a downturn in FY '23.
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NVS - NYSE - DRUGS - Drug Manufacturers - Major Novartis Ag Adr	$98.56	+1.45 1.49%	$98.92	$105.56	-6.63%	2,605,306 120.67%	2,159,000
Most Recent Note for NVS - 6/2/2023 12:43:48 PM Pulled back from its all-time high and it is consolidating near its 50 DMA line. Fundamental concerns remain for this Swiss Drug company.
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OPRA - NASDAQ - INTERNET - Content Opera ADR	$17.18	-0.11 -0.64%	$17.90	$17.80	-3.48%	503,543 108.99%	462,000
Most Recent Note for OPRA - 6/2/2023 12:44:51 PM Extended from any sound base and perched at its all-time high today following volume-driven gains. 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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PCYG - NASDAQ - Comp Sftwr-Spec Enterprs Park City Group Inc	$8.24	+0.14 1.75%	$8.25	$8.10	1.75%	19,444 114.38%	17,000
Most Recent Note for PCYG - 6/2/2023 12:46:13 PM Perched at its 52-week high today while on track for a 7th consecutive gain marked by ever-increasing volume. Prior mid-day reports noted - "This thinly-traded Computer Software firm showed earnings increases above the +25% minimum guideline (C criteria) in 3 of the past for quarters through Dec '22 versus the year-ago periods. Quarterly sales revenues totals have been in the $4-5 million range, rather minuscule, and sales revenues growth has not been strong. Annual earnings included a downturn in FY '20."
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PPSI - NASDAQ - Electrical-Power/Equipmt Pioneer Power Solutions	$6.35	+0.74 13.19%	$6.80	$6.90	-7.97%	455,726 283.06%	161,000
Most Recent Note for PPSI - 6/2/2023 12:48:51 PM Gapped up today challenging recent highs, but it faces resistance due to overhead supply up to the $14 level. Fundamental concerns remain.
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PSTG - NYSE - Computer-Data Storage Pure Storage Inc Cl A	$34.49	+0.21 0.61%	$34.51	$35.42	-2.63%	5,271,554 109.28%	4,824,000
Most Recent Note for PSTG - 6/2/2023 12:53:54 PM Powered higher in recent weeks, rebounding straight up from the bottom to nearly challenge its 52-week high after a deep consolidation. Reported Apr '23 quarterly earnings -68% on -5% sales revenues versus the year ago period breaking a streak of very strong quarterly comparisons. Annual earnings history (A criteria) included a downturn in FY '21.
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SAIA - NASDAQ - TRANSPORTATION - Trucking Saia Inc	$299.61	+8.66 2.97%	$304.35	$306.40	-2.22%	260,328 71.32%	365,000
Most Recent Note for SAIA - 6/2/2023 12:57:20 PM Gapped up today challenging recent highs in the $305-306 area with a volume-driven gain. Found support near its 50 DMA line ($276.63) in recent weeks. The 5/01/23 mid-day report last noted - "Still faces resistance due to overhead supply up to the $365 level. Reported Mar '23 quarterly earnings -4% versus the year-ago period. The Dec '22 quarter was previously noted as it broke a streak of 9 quarterly comparisons above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has improved following a downturn in FY '16."
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SAR - NYSE - Finance-Investment Mgmt Saratoga Investment Corp	$27.85	-0.79 -2.76%	$28.87	$28.68	-2.89%	36,085 72.17%	50,000
Most Recent Note for SAR - 6/2/2023 1:02:14 PM Volume-driven gains in recent weeks have it approaching striking distance of its Oct '21 high ($30.25). Reported earnings +69% on +70% sales revenues for the Feb '23 quarter versus the year ago period, and 3 of the 4 latest quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Up and down annual earnings (A criteria) history leaves fundamental concerns.
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SCCO - NYSE - Mining-Metal Ores Southern Copper Corp	$70.89	+2.19 3.19%	$72.88	$82.05	-13.60%	822,300 70.95%	1,159,000
Most Recent Note for SCCO - 6/2/2023 1:04:39 PM Still sputtering below its 50 DMA line ($74.15) following volume-driven losses when last noted with caution in the 5/11/23 mid-day report - "Reported Mar '23 quarterly earnings +3% on +1% sales revenues versus the year-ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has been up and down, not a great match with the fact-based investment system's fundamental guidelines."
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TTD - NASDAQ - Comml Svcs-Advertising The Trade Desk Inc Cl A	$76.62	+3.36 4.59%	$78.60	$76.75	-0.17%	3,360,880 93.07%	3,611,000
Most Recent Note for TTD - 6/2/2023 1:08:10 PM Fundamental concerns remain after it reported Mar '23 quarterly earnings +10% on +21% sales revenues versus the year-ago period. Three of the 4 latest quarterly comparisons showed earnings increases below the +25% minimum earnings guideline (C criteria) versus the year ago period. Went through a deep consolidation since dropped from the Featured Stocks list on 1/04/22. Faces resistance due to overhead supply up to the $114 level.
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