Mid-Day Breakouts Report - Monday, June 3rd, 2024

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MIDDAY BREAKOUTS REPORT - MONDAY, JUNE 3RD, 2024
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DOW 38329.72 -356.6 (-0.92%) | NASDAQ 16728.37 -6.65 (-0.04%) | S&P 500 5252.73 -24.78 (-0.47%)

Time of Screening : 6/3/2024 12:33:32 PM Report Released : 6/3/2024 1:18:52 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 75% of 50 Day Average at the time of the screening.
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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
CMRE - NYSE - Transportation-Ship Costamare Inc	$16.45	+0.44 2.72%	$16.46	$16.06	2.40%	459,815 96.20%	478,000
Most Recent Note for CMRE - 6/3/2024 12:38:26 PM Greek shipping firm is powering to yet another new 52-week high with today's gain adding to a noted streak of volume-driven gains. Reported Mar '24 quarterly earnings +66% on +89% sales revenues versus the year ago period. Prior mid-day reports noted - "Prior 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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CRAI - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services C R A International Inc	$175.87	-0.10 -0.06%	$178.07	$178.52	-1.48%	24,873 80.24%	31,000
Most Recent Note for CRAI - 6/3/2024 12:40:01 PM Perched near its all-time highs with today's 3rd consecutive gain after it stubbornly held its ground. The 5/31/24 mid-day report last noted - "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	$79.17	-2.59 -3.17%	$82.69	$88.00	-10.03%	5,129,316 114.16%	4,493,000
Most Recent Note for CRH - 6/3/2024 12:41:16 PM Reversing today following volume-driven gains, meeting resistance at its 50 DMA line ($81.57) 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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CSWC - NASDAQ - FINANCIAL SERVICES - Closed-End Fund - Equity Capital Southwest Corp	$25.85	+0.27 1.06%	$25.97	$27.22	-5.03%	610,744 234.90%	260,000
Most Recent Note for CSWC - 6/3/2024 12:43:27 PM Finding support near its 50 DMA line ($25.51) with today's 4th consecutive gain after retreating from its 52-week high with recent volume-driven losses. Prior mid-day reports noted - "Reported Mar '24 quarterly earnings +9% on +25% sales revenues versus the year ago period, its 2nd quarterly comparison below the +25% minimum guideline (C criteria). Annual earnings growth has been strong since turning profitable in FY '17."
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CSWI - NASDAQ - Chemicals-Specialty C S W Industrials Inc	$256.08	+1.82 0.71%	$257.99	$263.91	-2.97%	60,493 78.56%	77,000
Most Recent Note for CSWI - 6/3/2024 12:44:25 PM Hovering in a tight range near its all-time high, extended from any sound base. Reported earnings +17% on +8% sales revenues for the Mar '24 quarter versus the year ago period, and prior quarterly comparisons were below the +25% minimum guideline (C criteria). Annual earnings history (A criteria) and sales revenues growth rate has been steady.
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EME - NYSE - MATERIALS & CONSTRUCTION - General Contractors Emcor Group Inc	$370.05	-18.61 -4.79%	$391.64	$401.98	-7.94%	394,053 80.09%	492,000
Most Recent Note for EME - 6/3/2024 12:46:20 PM Pulling back from its all-time high with today's 2nd consecutive volume-driven loss after wedging higher and getting extended from any sound base. Its 50 DMA line ($363) defines near-term support to watch. 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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ESEA - NASDAQ - TRANSPORTATION - Shipping Euroseas Ltd	$39.12	+1.04 2.73%	$39.12	$42.29	-7.50%	25,742 88.77%	29,000
Most Recent Note for ESEA - 6/3/2024 12:47:29 PM Consolidating above its 50 DMA line ($36.00) where it recently has found found prompt support. Reported Mar '24 quarterly earnings -14% on +11% sales revenues versus the year-ago period. Prior earnings and sales revenues growth history has been below the fundamental guidelines of the fact-based investment system.
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GSK - NYSE - Medical-Diversified Glaxosmithkline Plc Adr	$40.58	-4.20 -9.37%	$41.72	$45.93	-11.66%	7,066,557 216.37%	3,266,000
Most Recent Note for GSK - 6/3/2024 12:52:48 PM UK-based pharmaceuticals firm gapped down today violating its 50 DMA line ($42.65) with a considerable volume-driven loss. Quarterly comparisons through Mar '24 have not shown strong and steady earnings increases above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines.
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HPQ - NYSE - COMPUTER HARDWARE - Diversified Computer Systems Hewlett-Packard Co	$35.43	-1.07 -2.93%	$36.75	$39.52	-10.35%	5,901,316 78.62%	7,506,000
Most Recent Note for HPQ - 6/3/2024 12:58:43 PM Consolidating following a considerable gap up and volume-driven gain on 5/30/24 hitting new multi-year highs. Reported Apr '24 quarterly earnings +4% on -1% sales revenues versus the year ago period, and prior quarterly comparisons were below the +25% guideline (C criteria). Sales revenues have been waning. Annual earnings history (A criteria) had a downturn in FY '23 after years of steady growth.
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NGVC - NYSE - RETAIL - Grocery Stores Nat Grocers Vit Cottage	$21.73	+0.25 1.16%	$21.95	$21.70	0.14%	53,174 84.40%	63,000
Most Recent Note for NGVC - 6/3/2024 1:01:01 PM Inching higher today for a 3rd consecutive small gain hitting another new 52-week high. Stubbornly held its ground and made gradual progress since a noted gap up when the 5/10/24 mid-day report noted - "Faces some resistance due to old overhead supply up to the $24 level. Reported earnings +35% on +9% sales revenues for the Mar '24 quarter versus the year ago period, its 4th strong quarter above the +25% minimum earnings guideline (C criteria). Annual earnings growth has been steady."
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NTAP - NASDAQ - COMPUTER HARDWARE - Data Storage Devices Netapp Inc	$117.51	-2.92 -2.42%	$118.14	$121.48	-3.27%	1,829,378 101.46%	1,803,000
Most Recent Note for NTAP - 6/3/2024 1:02:09 PM Pulling back today after hitting new multi-year highs with a gain on the prior session 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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PAC - NYSE - TRANSPORTATION - Air Services, Other Grupo Aero Del Pac Ads	$169.50	-19.16 -10.16%	$185.80	$197.31	-14.09%	50,025 104.22%	48,000
Most Recent Note for PAC - 6/3/2024 1:04:52 PM Violating its 50 DMA line ($176) with today's big loss, pulling back after perched within striking distance of its all-time high when last noted with caution in the 5/24/24 mid-day report - "Reported earnings +4% on +11% sales revenues for the Mar '24 quarter versus the year ago period. Two of the 3 latest quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Downturn in FY '20 earnings (A criteria) leaves cause for concern for this Mexican operator of airports."
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SB - NYSE - Transportation-Ship Safe Bulkers Inc	$5.99	+0.32 5.56%	$6.07	$5.68	5.37%	1,834,108 310.34%	591,000
Most Recent Note for SB - 6/3/2024 1:07:22 PM Hitting new 52-week and multi-year highs with today's big volume-driven gain, getting extended from any sound base. Reported strong mar '24 quarterly results but fundamental concerns remain. Prior 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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SBLK - NASDAQ - TRANSPORTATION - Shipping Star Bulk Carriers Corp	$27.13	+0.05 0.18%	$27.30	$27.47	-1.24%	1,274,474 77.85%	1,637,000
Most Recent Note for SBLK - 6/3/2024 1:08:39 PM Hovering near its 52-week high since last noted in the 5/24/24 mid-day report - "Found support near its 50 DMA line in recent months. Reported Mar '24 quarterly earnings +142% on +16% sales revenues versus the year ago period. Prior quarterly comparisons and annual earnings history (C and A criteria) has been erratic, leaving fundamental concerns."
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SIG - NYSE - SPECIALTY RETAIL - Jewelry Stores Signet Jewelers Ltd	$109.92	+0.43 0.39%	$112.06	$109.53	0.35%	663,309 91.24%	727,000
Most Recent Note for SIG - 6/3/2024 1:12:25 PM Hit a new 52-week high today but reversed into the red following a technical breakout and close near the session high on the prior session with a gain backed by +54% above average volume. Reported earnings +22% on -6% sales revenues for the Jan '24 quarter versus the year ago period. Prior earnings increases were not strong and steady above the +25% minimum guideline (C criteria), making it not a good match with the guidelines of the fact-based investment system. This UK-based retailer of jewelry has an annual earnings (A criteria) history that has been improving after a downward turn in FY '08 and '09.
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TSCO - NASDAQ - SPECIALTY RETAIL - Specialty Retail, Other Tractor Supply Co	$265.02	-20.28 -7.11%	$281.32	$287.89	-7.95%	833,296 80.67%	1,033,000
Most Recent Note for TSCO - 6/3/2024 1:14:21 PM Abruptly retreating from its all-time high with today's considerable volume-driven loss undercutting its 50 DMA line ($265). Last noted with caution in the 5/17/24 mid-day report - "Fundamental concerns remain. Reported earnings +11% on +3% sales revenues for the Mar '24 quarter versus the year-ago period. Prior quarterly comparisons were below the +25% minimum guideline (C criteria). Annual earnings history has been steady."
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WM - NYSE - BANKING - Savings & Loans Waste Management Inc	$201.72	-9.02 -4.28%	$208.74	$214.54	-5.98%	1,555,795 90.24%	1,724,000
Most Recent Note for WM - 6/3/2024 1:18:47 PM Encountering distributional pressure with today's big loss, abruptly erasing the prior gain, slumping back below its 50 DMA and now undercutting the prior lows in the $204 area raising greater concerns. Quarterly comparisons in the Dec '23 and Mar' 24 quarters were above the +25% minimum earnings guideline (C criteria) but with lackluster sales revenu3es growth. Annual earnings (A criteria) growth has been steady following a noted downturn in FY '20.
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