Mid-Day Breakouts Report - Monday, June 17th, 2024

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MIDDAY BREAKOUTS REPORT - MONDAY, JUNE 17TH, 2024
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DOW 38589.86 0.7 (0.00%) | NASDAQ 17712.73 23.85 (0.13%) | S&P 500 5440.23 8.63 (0.16%)

Time of Screening : 6/17/2024 12:16:47 PM Report Released : 6/17/2024 12:52:27 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 57.5% 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
AAPL - NASDAQ - COMPUTER HARDWARE - Personal Computers Apple Inc	$216.24	+3.75 1.76%	$217.33	$220.20	-1.80%	38,850,912 59.45%	65,351,000
Most Recent Note for AAPL - 6/17/2024 12:20:33 PM Powered to new all-time highs with 3 consecutive big volume-driven gains last week. Quarterly comparisons through Mar '24 have been well below the +25% minimum earnings guideline (C criteria) of the fact-based investment system. The number of top-rated funds owning its shares rose from 4,946 in Jun '19 to 7,142 in Mar '24. Companies currently on the Featured Stocks list are ideal candidates fitting the fact-based investment system's guidelines before becoming heavily owned by the institutional crowd."
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AMKR - NASDAQ - ELECTRONICS - Semiconductor - Integrated Cir Amkor Technology Inc	$34.99	+0.13 0.36%	$35.03	$37.00	-5.45%	619,922 65.46%	947,000
Most Recent Note for AMKR - 6/17/2024 12:23:41 PM Found support above its 50 DMA line and it is perched within close striking distance of its 52-week high. Reported Mar '24 quarterly earnings +33% on -7% sales revenues versus the year ago period. Prior 5 quarterly comparisons were down from the year ago periods. Annual earnings (A criteria) history has been up and down.
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AVAV - NASDAQ - AEROSPACE/DEFENSE - Aerospace/Defense Products &; Services Aerovironment Inc	$213.06	-2.19 -1.02%	$215.25	$220.22	-3.25%	429,879 146.72%	293,000
Most Recent Note for AVAV - 6/17/2024 12:27:41 PM Pulling back from its all-time high with today's 3rd consecutive volume-driven loss, extended from any sound base. Reported Jan '24 quarterly earnings +91% on +39% sales revenues versus the year-ago period, its 4th strong quarter. Fundamental concerns remain as its annual earnings (A criteria) growth has not been strong and steady.
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AVGO - NASDAQ - ELECTRONICS - Semiconductor - Integrated Circuits Broadcom Inc	$1,798.89	+63.85 3.68%	$1,820.92	$1,747.24	2.96%	3,685,637 135.75%	2,715,000
Most Recent Note for AVGO - 6/17/2024 12:29:03 PM Gapped up hitting another new all-time high with today's 7th consecutive gain backed volume. Recently found support near its 50 DMA line ($1,368). Reported Apr '24 quarterly earnings +6% on +43% sales revenues versus the year ago period, its 6th 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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CMG - NYSE - LEISURE - Restaurants Chipotle Mexican Grill	$3,348.82	+77.11 2.36%	$3,359.09	$3,293.53	1.68%	168,632 64.86%	260,000
Most Recent Note for CMG - 6/17/2024 12:30:08 PM Found prompt support at its 50 DMA line ($3,107) and hitting a new all-time high with today's 5th consecutive gain rising from a "late stage" base. Reported Mar '24 quarterly earnings +27% on +14% sales revenues versus the year-ago period, and 3 of the 4 latest quarterly comparisons were above the +25% minimum (C criteria). Its annual earnings (A criteria) history included a downturn in FY '20 followed by much stronger FY '21 and '22 results. Already owned by 2,479 top-rated funds as of Mar '24.
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DY - NYSE - MATERIALS & CONSTRUCTION - Heavy Construction Dycom Inds Inc	$169.53	-6.98 -3.95%	$174.00	$186.47	-9.08%	163,323 66.94%	244,000
Most Recent Note for DY - 6/17/2024 12:30:56 PM Pulling back from its all-time high with today's 3rd consecutiev loss. Reported Apr '24 quarterly earnings +17% on +9% sales revenues versus the year-ago period. Fundamental concerns remain due to erratic quarterly and annual earnings (C and A criteria) earnings history.
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ITRI - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Itron Inc	$101.46	-4.52 -4.26%	$102.16	$111.00	-8.59%	433,139 102.40%	423,000
Most Recent Note for ITRI - 6/17/2024 12:32:28 PM Gapped down today retreating from near its 52-week high and undercutting its 50 DMA line with a 3rd consecutive loss backed by higher volume. 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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LPX - NYSE - MATERIALS & CONSTRUCTION - Lumber, Wood Production Louisiana Pacific Corp	$87.01	-5.12 -5.56%	$90.45	$95.70	-9.08%	763,285 72.90%	1,047,000
Most Recent Note for LPX - 6/17/2024 12:35:22 PM Gapped down today retreating from its all-time high. Reported Mar '24 quarterly earnings +350% on +24% sales revenues versus the year-ago period. Prior quarterly comparisons were below the +25% minimum guideline (C criteria) and its annual earnings (A criteria) history has been erratic. Not a match with the fact-based investment system's fundamental guidelines.
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NMM - NYSE - TRANSPORTATION - Shipping Navios Maritime Partners	$46.37	-0.78 -1.64%	$47.63	$53.28	-12.98%	207,213 118.41%	175,000
Most Recent Note for NMM - 6/17/2024 12:36:06 PM Pulling back from its 52-week high with today's 6th consecutive volume-driven loss. Noted with caution in prior mid-day reports - "Quarterly comparisons through Mar '24 showed subpar sales revenues and earnings increases. Annual earnings (A criteria) history has been erratic."
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NRIM - NASDAQ - BANKING - Regional - Pacific Banks Northrim Bancorp Inc	$54.50	+0.98 1.83%	$54.74	$59.90	-9.02%	12,587 83.91%	15,000
Most Recent Note for NRIM - 6/17/2024 12:37:46 PM This small and thinly traded Alaskan Bank's quarterly and annual earnings (C and A) growth has not been strong and steady.
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NVMI - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Nova Ltd	$238.77	+0.79 0.33%	$240.14	$239.84	-0.45%	103,548 58.50%	177,000
Most Recent Note for NVMI - 6/17/2024 12:38:52 PM Perched at its all-time high with today's 4th consecutive gain. Reported improved Mar '24 quarterly earnings +13% on +7% sales revenues versus the year-ago period, but still its 7th quarterly comparison below the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has been up and down. This Semiconductor Equipment firm headquartered in Israel went through a deep consolidation since noted with caution in the 12/31/21 mid-day report.
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OLLI - NASDAQ - Retail-Discount&Variety Ollies Bargain Outlet Holdings, Inc	$93.86	+6.15 7.01%	$93.90	$91.08	3.05%	859,654 80.95%	1,062,000
Most Recent Note for OLLI - 6/17/2024 12:40:48 PM Hitting a new 52-week high with today's gap up and big volume-driven gain. Reported earnings +49% on +11% sales revenues for the Apr '24 quarter versus the year ago period, its 5th strong quarterly comparison well above the +25% minimum guideline. Annual earnings (A criteria) had a downturn in FY '23 following years of steady growth. Went through choppy and deep consolidations after dropped from the Featured Stocks list on 12/07/18.
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PKOH - NASDAQ - MANUFACTURING - Metal Fabrication Park Ohio Holding Corp	$24.75	-0.44 -1.75%	$25.05	$28.79	-14.03%	17,792 84.72%	21,000
Most Recent Note for PKOH - 6/17/2024 12:43:33 PM Through the Mar '24 quarter its sales revenues and earnings growth has not been strong and steady. Consolidating near its 200 DMA line.
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PRMW - NASDAQ - Beverages-Non-Alcoholic Primo Water Corp	$23.00	+0.67 3.00%	$25.61	$23.35	-1.50%	4,593,060 378.65%	1,213,000
Most Recent Note for PRMW - 6/17/2024 12:46:01 PM Held its ground well above its 50 DMA line ($20.58) and powered to new all-time high territory with today's volume-driven gain. Last noted with caution in the 5/21/24 mid-day report - <i>"Reported earnings +171% on +10% sales revenues for the Mar '24 quarter versus the year ago period. Fundamental concerns remain. Quarterly and annual earnings (C and A criteria) history has been erratic and not a match with the fact-based investment system's fundamental guidelines. Completed a new Public Offering on 5/18/18."</i>
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RBA - NYSE - DIVERSIFIED SERVICES - Business/Management Services Ritchie Bros Auctioneers	$80.19	+0.19 0.24%	$80.80	$81.28	-1.34%	588,812 63.72%	924,000
Most Recent Note for RBA - 6/17/2024 12:47:11 PM Perched at its all-time high today following noted volume-driven gains after a 6/10/24 gap up. Reported Mar '24 quarterly earnings +58% on +108% sales revenues versus the year ago period. Prior quarterly comparisons have not shown strong and steady earnings increases above the +25% minimum guideline (C criteria) and so it is not a great match with the fact-based investment system's fundamental guidelines.
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TPL - NYSE - Real Estate Dvlpmt/Ops Texas Pacific Land Trust	$749.00	-1.00 -0.13%	$760.06	$799.46	-6.31%	61,785 66.44%	93,000
Most Recent Note for TPL - 6/17/2024 12:48:07 PM Holding its ground after 3 consecutive volume-driven gains rallying well above prior highs. Prior mid-day reports cautioned members - "Still faces some resistance due to overhead supply up to the $913 level. Reported Mar '24 quarterly earnings +33% on +19% sales revenues versus the year-ago period. Prior quarterly comparisons were below the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been up and down."
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TSM - NYSE - ELECTRONICS - Semiconductor - Integrated Cir Taiwan Semiconductor Adr	$175.26	+2.75 1.59%	$178.33	$176.06	-0.45%	9,587,680 67.93%	14,115,000
Most Recent Note for TSM - 6/17/2024 12:49:38 PM Hitting another new all-time high today, stubbornly holding its ground and making steady progress above prior highs in the $158-160 area. Reported Mar '24 quarterly earnings +4% on +11% sales revenues versus the year ago period. Prior quarterly comparisons were not strong and steady earnings increases above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history had a downturn in FY '23, breaking a streak of strong and steady growth. Large supply of 5.18 billion outstanding shares (S criteria) makes it an unlikely sprinter.
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VMI - NYSE - MANUFACTURING - Farm & Construction Machinery Valmont Industries Inc	$272.18	-0.32 -0.12%	$272.21	$303.57	-10.34%	131,069 68.27%	192,000
Most Recent Note for VMI - 6/17/2024 12:52:14 PM Faces resistance due to overhead supply up to the $353 level. Reported earnings +20% on -8% sales revenues for the Mar '24 quarter versus the year-ago period. Prior quarterly comparisons were also below the +25% minimum guideline (C criteria). Its annual earnings (A criteria) growth has been strong.
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