Mid-Day Breakouts Report - Thursday, June 29th, 2023

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MIDDAY BREAKOUTS REPORT - THURSDAY, JUNE 29TH, 2023
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DOW 34123.81 271.15 (0.80%) | NASDAQ 13589.19 -2.56 (-0.02%) | S&P 500 4391.81 14.95 (0.34%)

Time of Screening : 6/29/2023 12:39:23 PM Report Released : 6/29/2023 1:23:34 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

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
GPK - NYSE Graphic Packaging Hldg	$23.59	-0.43 -1.78%	$23.67	1,995,831 445.30% of 50 DAV 50 DAV is 448,200	$27.56 -14.40%	10/25/2022	$22.75	PP = $24.17 MB = $25.38
Most Recent Note - 6/29/2023 12:49:41 PM G - Gapped down today violating its 200 DMA line ($23.35) then rebounded above that important long-term average. A rebound above the 50 DMA line ($25.17) is needed to help its outlook improve. Its Relative Strength Rating has slumped to 64, below the 80+ minimum guideline for buy candidates. >>> The latest Featured Stock Update with an annotated graph appeared on 6/8/2023. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
BELFB - NASDAQ - ELECTRONICS - Diversified Electronics Bel Fuse Inc Cl B	$58.30	+2.21 3.94%	$58.39	$60.39	-3.46%	120,098 64.57%	186,000
Most Recent Note for BELFB - 6/29/2023 12:40:56 PM Consolidating near its 52-week high, extended from any sound base. Rallied impressively from its 200 DMA line after a noted gap up on 4/27/23. The Electronic - Parts firm reported Mar '23 quarterly earnings +263% on +26% sales revenues versus the year-ago period, adding to a streak of very strong quarterly results. Annual earnings (A criteria) history has been erratic, and not a match with the fact-based investment system's fundamental guidelines.
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BLX - NYSE - BANKING - Foreign Regional Banks Banco Latinoamericano C	$21.71	+0.62 2.94%	$21.84	$21.51	0.93%	65,845 65.85%	100,000
Most Recent Note for BLX - 6/29/2023 12:41:53 PM On track today for a 4th consecutive gain. Made steady progress above its Oct '21 high in recent weeks. Reported Mar '23 quarterly earnings +229% on +203% sales revenues versus the year-ago period. Quarterly comparisons in Jun, Sep, and Dec '22 also showed very strong sales revenues and earnings increases versus the year-ago periods. Up and down annual earnings (A criteria) history is a concern.
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BWMX - NASDAQ - Hsehold-Appliances/Wares Betterware de Mexico SAB	$13.26	+0.13 0.99%	$13.49	$13.50	-1.78%	18,489 71.11%	26,000
Most Recent Note for BWMX - 6/29/2023 12:43:16 PM Reported Mar '23 quarterly earnings -21% on +93% sales revenues versus the year ago period and fundamental concerns remain.
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CNM - NYSE - Bldg-Constr Prds/Misc Core & Main Inc Cl A	$30.55	-0.01 -0.03%	$30.75	$30.80	-0.81%	817,413 65.76%	1,243,000
Most Recent Note for CNM - 6/29/2023 12:44:32 PM Perched at its 52-week high following a spurt of gains. It still faces resistance due to overhead supply. Reported Apr '23 quarterly earnings +0% on -2% sales revenues versus the year-ago period, its 2nd subpar quarter. Prior quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Limited history is a concern since its $20 IPO on 7/23/21.
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DAL - NYSE - TRANSPORTATION - Major Airlines Delta Air Lines Inc	$46.67	-0.04 -0.09%	$47.41	$47.06	-0.83%	6,409,959 59.80%	10,719,000
Most Recent Note for DAL - 6/29/2023 12:45:27 PM Rising above its Apr '22 high with today's 4th consecutive gain adding to the big volume-driven gain noted on the prior session. Reported earnings of 25 cents per share versus a loss of $1.23 per share on +36% sales revenues for the Mar '23 quarter versus the year ago period. Annual earnings history is not a match with the fact-based investment system's guidelines (A criteria). Fundamental concerns remain. Sub par sales revenues growth rate reveals no great demand for new (N criteria) products or services.
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ELTK - NASDAQ - ELECTRONICS - Printed Circuit Boards Eltek Ltd	$9.61	-0.69 -6.66%	$10.44	$10.99	-12.60%	34,956 64.73%	54,000
Most Recent Note for ELTK - 6/29/2023 12:45:48 PM Hovering near multi-year highs after an impressive spurt higher. Noted with caution in prior mid-day reports -"Fundamental concerns remain."
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EPAC - NYSE - Machinery-Tools & Rel Enerpac Tool Group Corp	$27.00	+0.25 0.93%	$27.17	$28.97	-6.80%	158,758 60.36%	263,000
Most Recent Note for EPAC - 6/29/2023 12:47:03 PM Stalled after hitting a new 52-week high and trading above its 2021 high. 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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EXTR - NASDAQ - INTERNET - Internet Software & Services Extreme Networks Inc	$26.04	+1.81 7.47%	$26.29	$25.13	3.62%	1,756,941 85.70%	2,050,000
Most Recent Note for EXTR - 6/29/2023 12:47:50 PM Hitting a new 52-week high with today's big volume-driven gain after a brief consolidation. Rallied impressively since noted in the 5/31/23 mid-day report - "Found support near its 200 DMA line during its consolidation in recent months. Quarterly comparisons in Dec '22 and Mar '23 showed improved sales revenues and earnings increases with encouraging acceleration. Prior quarterly and annual earnings (A criteria) history is not a match with the fundamental guidelines of the fact-based investment system."
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IBKR - NASDAQ - Finance-Invest Bnk/Bkrs Interactive Brokers Grp	$82.55	+2.39 2.98%	$82.73	$90.19	-8.47%	558,406 65.39%	854,000
Most Recent Note for IBKR - 6/29/2023 12:53:16 PM Faces resistance due to overhead supply up to the $90 level. Reported Mar '23 quarterly earnings rose +65% on +154% sales revenues versus the year-ago period, its 3rd strong quarter above 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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IDCC - NASDAQ - TELECOMMUNICATIONS - Wireless Communications Interdigital Inc	$95.92	+1.75 1.86%	$95.93	$94.65	1.34%	313,068 80.69%	388,000
Most Recent Note for IDCC - 6/29/2023 1:00:23 PM Hitting new multi-year highs with today's 4th consecutive small gain. Reported +325% earnings on +100% sales revenues for the quarter ended March 31, 2023 versus the year-ago period. Prior quarterly and annual earnings (C and A criteria) history has not been strong and steady.
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IESC - NASDAQ - Bldg-Maintenance & Svc Integrated Electric Svcs	$57.35	+1.04 1.85%	$58.13	$57.42	-0.12%	28,377 65.99%	43,000
Most Recent Note for IESC - 6/29/2023 1:00:50 PM Hitting a new all-time high with today's 4th consecutive volume-driven gain. Prior mid-day reports noted - "Reported earnings versus a loss on +13% sales revenues for the Mar '23 quarter versus the year-ago period. Prior quarterly earnings comparisons were down versus the year-ago periods, not a match with the +25% minimum guideline (C criteria). Following a downturn in FY '17 earnings (A criteria) its annual earnings history has been strong."
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JPM - NYSE - BANKING - Money Center Banks J P Morgan Chase & Co	$142.86	+4.27 3.08%	$143.10	$144.34	-1.03%	6,585,070 64.52%	10,206,000
Most Recent Note for JPM - 6/29/2023 1:02:53 PM Gain today is challenging recent highs after briefly consolidating above its 50 DMA line ($138.68). Reported earnings +37% on +25% sales revenues for the Mar '23 quarter 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. Went through a deep consolidation since noted with caution in the 10/13/21 mid-day report.
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MITK - NASDAQ - Comp Sftwr-Spec Enterprs Mitek System Inc	$10.68	-0.21 -1.93%	$11.07	$11.95	-10.63%	191,402 61.54%	311,000
Most Recent Note for MITK - 6/29/2023 1:05:56 PM Fundamental concerns remain. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has ben good following a small downturn in FY '18.
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MSM - NYSE - WHOLESALE - Industrial Equipment Wholesale M S C Industrial Drct	$93.62	-2.33 -2.43%	$95.69	$98.37	-4.83%	248,037 67.04%	370,000
Most Recent Note for MSM - 6/29/2023 1:09:17 PM Pulling back today near its 50 DMA line, abruptly retreating from near its 52-week high. Reported earnings +12% on +11% sales revenues for the quarter ended February 28, 2023 versus the year ago period, its 2nd quarterly comparison below the +25% minimum earnings guideline (C criteria). Its annual earnings (A criteria) showed a downward turn in FY '20.
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PLPC - NASDAQ - MATERIALS & CONSTRUCTION - Heavy Construction Preformed Line Products	$164.83	-2.12 -1.27%	$167.53	$177.00	-6.88%	11,635 72.72%	16,000
Most Recent Note for PLPC - 6/29/2023 1:11:57 PM Hovering near its all-time high after getting very 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. Through the Mar '23 quarter, 3 of the past 4 quarterly comparisons versus the year-ago period had earnings per share up +25% or more (C criteria). Annual earnings had a downturn in FY '19.
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RMBS - NASDAQ - ELECTRONICS - Semiconductor - Memory Chips Rambus Inc	$63.94	+4.11 6.87%	$64.07	$68.54	-6.71%	1,243,237 80.26%	1,549,000
Most Recent Note for RMBS - 6/29/2023 1:14:28 PM Reported Mar '23 quarterly earnings +11% on +15% sales revenues versus the year-ago period. On track for a 3rd consecutive gain today, finding support above its 50 DMA line while consolidating.
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SEM - NYSE - HEALTH SERVICES - Specialized Health Services Select Medical Holdings	$32.08	+0.39 1.23%	$32.22	$32.31	-0.71%	460,727 74.43%	619,000
Most Recent Note for SEM - 6/29/2023 1:15:55 PM Wedging above prior highs with today's 4th consecutive small gain. Went through a deep consolidation since noted with caution in the 6/15/21 mid-day report while hitting a new all-time high. Reported Mar '23 quarterly earnings +51% on +4% sales revenues versus the year-ago period. The prior 5 quarters showed earnings lower than the year-ago periods. Sales revenues growth has been lackluster, not a match with the fact-based system's fundamental guidelines.
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SMCI - NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev Super Micro Computer Inc	$234.48	-1.46 -0.62%	$248.82	$270.18	-13.21%	1,842,571 69.04%	2,669,000
Most Recent Note for SMCI - 6/29/2023 1:16:49 PM Consolidating near its all-time high, very extended from any sound base. Prior mid-day reports cautioned members - "Reported Mar '23 quarterly earnings +5% on -5% sales revenues versus the year-ago period, breaking a streak of 5 strong quarterly earnings increase well above the +25% minimum guideline (C criteria). Its annual earnings history (A criteria) had a downturn in FY '21."
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SMCI - NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev Super Micro Computer Inc	$234.48	-1.46 -0.62%	$248.82	$270.18	-13.21%	1,842,571 69.04%	2,669,000
Most Recent Note for SMCI - 6/29/2023 1:16:49 PM Consolidating near its all-time high, very extended from any sound base. Prior mid-day reports cautioned members - "Reported Mar '23 quarterly earnings +5% on -5% sales revenues versus the year-ago period, breaking a streak of 5 strong quarterly earnings increase well above the +25% minimum guideline (C criteria). Its annual earnings history (A criteria) had a downturn in FY '21."
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SNN - NYSE - HEALTH SERVICES - Medical Appliances & Equipment Smith & Nephew Plc Ads	$31.38	-0.52 -1.63%	$31.49	$33.09	-5.17%	601,577 67.14%	896,000
Most Recent Note for SNN - 6/29/2023 1:16:59 PM Consolidating above its 50 DMA line. Noted with caution in prior mid-day reports - "Fundamental concerns remain. Annual earnings (A criteria) history has been erratic and sales revenues have been flat for the 4 latest quarters through Dec '22 versus the year-ago periods."
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SPNS - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software Sapiens Intl Corp	$26.60	+0.04 0.15%	$26.66	$27.52	-3.34%	71,594 59.17%	121,000
Most Recent Note for SPNS - 6/29/2023 1:20:23 PM Perched near its 52-week high. Fundamental concerns remain. Quarterly comparisons through Mar '23 have been below the +25% minimum earnings guideline (C criteria). Completed a new Public Offering on 10/16/20.
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STLA - NYSE - Auto Manufacturers Stallantis NV	$17.45	+0.53 3.13%	$17.58	$18.97	-8.01%	3,059,403 67.52%	4,531,000
Most Recent Note for STLA - 6/29/2023 1:23:04 PM Consolidating above its 50 DMA line ($16.43). Prior mid-day reports noted - "Faces resistance due to overhead supply up to the $22 level following a deep consolidation. Fundamental concerns remain due to subpar quarterly and annual (C and A criteria) earnings history through Dec '22."
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