Mid-Day Breakouts Report - Monday, June 24th, 2024

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MIDDAY BREAKOUTS REPORT - MONDAY, JUNE 24TH, 2024
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DOW 39497.32 346.99 (0.89%) | NASDAQ 17659.05 -30.31 (-0.17%) | S&P 500 5481.83 17.21 (0.31%)

Time of Screening : 6/24/2024 12:08:45 PM Report Released : 6/24/2024 12:26:38 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
AVGO - NASDAQ - ELECTRONICS - Semiconductor - Integrated Circuits Broadcom Inc	$1,616.43	-36.95 -2.24%	$1,661.00	$1,851.62	-12.70%	2,397,371 73.63%	3,256,000
Most Recent Note for AVGO - 6/24/2024 12:10:03 PM Pulling back from its all-time high with today's 4th consecutive loss backed by above-average volume. Recently found support near its 50 DMA line ($1,397). 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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CMRE - NYSE - Transportation-Ship Costamare Inc	$16.85	+0.00 0.00%	$17.58	$17.01	-0.94%	563,874 89.79%	628,000
Most Recent Note for CMRE - 6/24/2024 12:16:22 PM Greek shipping firm hit another new 52-week high with today's gain following 4 consecutive gains. Prior mid-day reports noted - "Reported Mar '24 quarterly earnings +66% on +89% sales revenues versus the year ago period. 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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CRTO - NASDAQ - Comml Svcs-Advertising Criteo SA Ads	$35.98	+0.05 0.14%	$36.34	$39.97	-9.98%	727,635 209.09%	348,000
Most Recent Note for CRTO - 6/24/2024 12:17:10 PM Consolidating below its 50 DMA line ($36.87). 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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EPAC - NYSE - Machinery-Tools & Rel Enerpac Tool Group Corp	$39.20	+0.70 1.82%	$39.46	$39.49	-0.73%	230,666 85.12%	271,000
Most Recent Note for EPAC - 6/24/2024 12:18:11 PM Perched near its 52-week high. Found support above its 50 DMA line in recent weeks. Reported Feb '24 quarterly earnings +3% on -2% sales revenues versus the year-ago period. Prior mid-day reports cautioned members - "Quarterly earnings growth has been strong but with subpar sales revenues growth. Annual earnings (A criteria) history has been erratic."
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IHG - NYSE - LEISURE - Lodging Intercontinental Hotels	$106.43	+1.35 1.28%	$107.55	$112.08	-5.04%	447,342 276.14%	162,000
Most Recent Note for IHG - 6/24/2024 12:19:19 PM Rebounding toward its prior high after consolidating above its 50 DMA line ($100). Reported earnings +19% on +14% sales revenues for the quarters ended Sep 30th and Dec 31st, 2023 versus the year ago periods. Prior quarterly comparisons were well above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) included a big downturn in FY '20.
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IMMR - NASDAQ - COMPUTER HARDWARE - Computer Peripherals Immersion Corporation	$9.99	-0.29 -2.82%	$10.34	$11.04	-9.51%	391,826 74.07%	529,000
Most Recent Note for IMMR - 6/24/2024 12:20:13 PM Retreating from its 52-week high following a "negative reversal" on 6/18/24. Reported Mar '24 quarterly earnings +117% on +520% sales revenues versus the year-ago period. Prior quarterly earnings history has been erratic with minuscule sales revenues. Annual earnings growth has been strong.
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NMM - NYSE - TRANSPORTATION - Shipping Navios Maritime Partners	$49.42	-0.35 -0.70%	$50.79	$53.28	-7.24%	107,412 60.01%	179,000
Most Recent Note for NMM - 6/24/2024 12:21:05 PM Pulled back from its 52-week high and found support at its 50 DMA line last week. 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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NWS - NASDAQ - MEDIA - Entertainment - Diversified News Corporation Cl B	$28.19	-0.02 -0.07%	$28.37	$28.92	-2.52%	527,011 69.90%	754,000
Most Recent Note for NWS - 6/24/2024 12:22:49 PM Perched within striking distance of its 52-week high. Fundamental concerns remain after it reported earnings +22% on -1% sales revenues for the quarter ended March 31, 2024 versus the year ago period. Quarterly and annual earnings history and sales revenues growth rate do not match with the fact-based system's fundamental guidelines.
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QCOM - NASDAQ - TELECOMMUNICATIONS - Communication Equipment Qualcomm Inc	$204.91	-7.62 -3.59%	$207.03	$230.63	-11.15%	5,965,402 60.27%	9,898,000
Most Recent Note for QCOM - 6/24/2024 12:23:17 PM Pulling back from it 52-week high with today's 3rd consecutive volume-driven loss. Stubbornly held its ground in recent weeks. Prior mid-day reports cautioned members - "Reported Mar '24 quarterly earnings +13% on +1% sales revenues versus the year ago period. Prior quarterly earnings increases were below the fact-based investment system's +25% earnings guideline. Annual earnings (A criteria) history has been up and down."
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RYAN - NYSE - INSURANCE - Insurance Brokers Ryan Specialty Hlds Cl A	$61.07	+1.47 2.47%	$61.08	$59.83	2.07%	568,201 77.41%	734,000
Most Recent Note for RYAN - 6/24/2024 12:24:02 PM Gapped up on the prior session and hitting a new all-time high with today's 5th consecutive volume-driven gain, rallying from support at its 50 DMA line ($53.20). Reported Sep, Dec '23, and Mar '24 quarterly earnings increases above the +25% minimum earnings guideline (C criteria). Prior quarterly results were subpar.
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TSM - NYSE - ELECTRONICS - Semiconductor - Integrated Cir Taiwan Semiconductor Adr	$168.31	-5.66 -3.25%	$171.42	$184.86	-8.96%	10,015,048 67.83%	14,765,000
Most Recent Note for TSM - 6/24/2024 12:25:46 PM Pulling back today for a 3rd consecutive loss after hitting new all-time highs. Prior mid-day reports noted - "Stubbornly holding its ground in recent weeks 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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WMS - NYSE - Bldg-Constr Prds/Misc Advanced Drainage Systems Corp	$166.05	+0.63 0.38%	$167.96	$184.27	-9.89%	303,983 64.40%	472,000
Most Recent Note for WMS - 6/24/2024 12:26:33 PM Consolidating near its 50 DMA line, perched within striking distance of its all-time high. Reported earnings +10% on +6% sales revenues for the Mar '24 quarter versus the year-ago period. Fundamental concerns remain due to its erratic quarterly and annual earnings (C and A criteria) history.
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