Mid-Day Breakouts Report - Wednesday, July 3rd, 2019

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, JULY 3RD, 2019
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DOW 26874.85 88.17 (0.33%) | NASDAQ 8146.76 37.67 (0.46%) | S&P 500 2985.78 12.77 (0.43%)

Time of Screening : 7/3/2019 11:34:16 AM Report Released : 7/3/2019 12:09:49 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 45% of 50 Day Average at the time of the screening.
More details about this report...

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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
ADP - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Automatic Data Processng	$163.37	+1.41 0.87%	$163.83	$170.45	-4.15%	1,124,255 60.48%	1,859,000
Most Recent Note for ADP - 7/3/2019 11:35:36 AM Rebounding above its 50 DMA line ($162) after gapping down and undercutting that important moving average on the prior session, retreating from its all-time high. Reported earnings +13% on +4% sales revenues for the Mar '19 quarter. Prior quarterly comparisons had better earnings increases. Sub par sales revenues growth remains a concern.
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ARCE - NASDAQ - Computer Sftwr-Edu/Media Arco Platform Ltd	$44.24	+0.26 0.58%	$44.24	$46.50	-4.87%	67,851 104.39%	65,000
Most Recent Note for ARCE - 7/3/2019 11:36:04 AM Hovering near its all-time high, recently enduring distributional pressure. Prior mid-day reports noted - "Reported earnings -40% on -12% sales revenues for the Mar '19 quarter. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Limited history is a concern since its $17.50 IPO on 9/26/18."
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AVGO - NASDAQ - ELECTRONICS - Semiconductor - Integrated Circuits Broadcom Inc	$284.97	-10.36 -3.51%	$288.78	$323.20	-11.83%	2,895,237 92.71%	3,123,000
Most Recent Note for AVGO - 7/3/2019 11:38:20 AM Gapped down today testing its 50 DMA line ($285). Found support near its 200 DMA line and it has been rebounding. Reported earnings +7% on +10% sales revenues for the Apr '19 quarter, its 2nd consecutive quarterly comparison below the +25% minimum guideline (C criteria). Sequential quarterly comparisons showed worrisome deceleration in its sales revenues growth rate which has been noted.
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CAE - NYSE - MANUFACTURING - Farm & Construction Machinery C A E Inc	$27.42	-0.24 -0.85%	$27.83	$27.70	-1.03%	113,977 51.57%	221,000
Most Recent Note for CAE - 7/3/2019 11:41:05 AM Touched a new high today but reversed into the red after 4 consecutive gains. Prior mid-day reports cautioned members - "Reported earnings +48% on +42% sales revenues for the Mar '19 quarter. Prior quarterly and annual earnings (C and A criteria) history has been below the guidelines of the fact-based investment system."
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CPK - NYSE - UTILITIES - Gas Utilities Chesapeake Utilities	$95.14	+0.61 0.64%	$95.65	$95.99	-0.89%	41,773 59.68%	70,000
Most Recent Note for CPK - 7/3/2019 11:41:25 AM Hovering near its all-time high. Fundamental concerns remain and it was noted with caution in prior mid-day reports - "This Utility (Gas and Electricity distribution) firm's earnings history has not been strong and steady."
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HPJ - NASDAQ - MANUFACTURING - Industrial Equipment & Compone Highpower International	$4.44	-0.01 -0.22%	$4.45	$4.45	-0.22%	44,233 54.61%	81,000
Most Recent Note for HPJ - 7/3/2019 11:41:45 AM Gapped up on 6/28/19 following M&A news. Noted with caution in prior mid-day reports - "Overhead supply remains as a source of some resistance. Prior quarterly and annual earnings (C and A criteria) history is not a match with fundamental guidelines. Low-priced stocks are discouraged from consideration unless all key criteria of the fact-based investment systems are satisfied."
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IR - NYSE - MANUFACTURING - Diversified Machinery Ingersoll-Rand Co Cl A	$124.42	-1.35 -1.07%	$126.20	$128.00	-2.80%	711,184 47.70%	1,491,000
Most Recent Note for IR - 7/3/2019 11:45:40 AM Perched near its all-time high. Reported earnings +27% on +6% sales revenues for the Mar '19 quarter. Prior quarterly earnings were not strong and steady above the +25% minimum guideline (C criteria) while its sales revenues growth rate also has been sub par. Made gradual progress since a gap up 4/29/19 on M&A news.
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JBSS - NASDAQ - FOOD & BEVERAGE - Processed & Packaged Goods Sanfilippo John B & Son	$80.36	+0.91 1.15%	$80.99	$83.57	-3.84%	45,630 80.05%	57,000
Most Recent Note for JBSS - 7/3/2019 11:46:56 AM Found support above its 50 DMA line while consolidating since it spiked to a new all-time high with a considerable volume-driven gain on 5/02/19. Prior mid-day reports cautioned members - "Quarterly earnings comparisons through Mar '19 were not strong and steady above the +25% minimum guideline (C criteria). Up and down annual earnings history (A criteria) is also a concern."
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KL - NYSE - Mining-Gold/Silver/Gems Kirkland Lake Gold Ltd	$42.59	-0.53 -1.23%	$43.22	$44.04	-3.29%	744,685 45.80%	1,626,000
Most Recent Note for KL - 7/3/2019 11:49:28 AM Very extended from any sound base and yet it has stubbornly held its ground since a "negative reversal" on 6/25/19.Limited history is a concern for this Canada-based Mining - Gold/Silver/Gems firm. Reported strong earnings increases with strong sales revenues growth in the 5 latest quarterly comparisons through Mar '19. Chairman Eric Sprott retired effective 5/07/19.
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MTZ - NYSE - MATERIALS & CONSTRUCTION - Heavy Construction Mastec Inc	$51.90	-0.01 -0.02%	$52.91	$53.80	-3.53%	458,270 64.18%	714,000
Most Recent Note for MTZ - 7/3/2019 11:51:38 AM Perched within striking distance of its 52-week high and all-time high today following 5 consecutive gains. Reported earnings +66% on +9% sales for the Mar '19 quarter, its 3rd consecutive quarter above the +25% minimum earnings guideline (C criteria). Last noted with caution in the 5/03/19 mid-day report - "Erratic sales revenues and its up and down annual earnings (A criteria) history leave fundamental concerns with respect to the guidelines of the fact-based investment system."
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PFGC - NYSE - WHOLESALE - Food Wholesale Performance Food Group Co	$41.73	+1.82 4.55%	$42.26	$41.85	-0.30%	342,235 52.98%	646,000
Most Recent Note for PFGC - 7/3/2019 11:54:52 AM Hitting a new all-time high with today's big gain. While consolidating near its 50 DMA line ($40) it was repeatedly noted with caution in prior mid-day reports. Reported earnings +3% on +8% sales revenues for the Mar '19 quarter. Completed 7 Secondary Offerings since its $19 IPO in Oct 2015. Prior quarterly comparisons had sub par earnings improvements and lackluster sales revenues growth.
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RACE - NYSE - Auto Manufacturers Ferrari NV	$167.63	+2.51 1.52%	$169.48	$165.20	1.47%	221,974 45.21%	491,000
Most Recent Note for RACE - 7/3/2019 11:57:27 AM Hitting a new all-time high today while adding to an impressive spurt of gains lacking great volume conviction since last noted with caution in the 5/15/19 mid-day report - "Reported earnings +11% on +3% sales revenues for the Mar '19 quarter. Went through a deep consolidation below its 200 DMA line since noted with caution in the 10/08/18 mid-day report. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria) and waning sales revenues is a concern, fundamentally. Limited history since its $52 IPO in Oct '15. Up and down annual earnings (A criteria) history is not a great match with the fact-based investment system's guidelines."
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RHT - NYSE - COMPUTER SOFTWARE & SERVICES - Application Software Red Hat Inc	$187.76	-0.42 -0.22%	$187.81	$189.14	-0.73%	1,539,317 89.03%	1,729,000
Most Recent Note for RHT - 7/3/2019 11:57:57 AM Reported earnings +39% on +15% sales revenues for the May '19 quarter, marking its 3rd consecutive quarterly earnings increase above the +25% minimum guideline (C criteria) of the fact-based investment system. Held its ground stubbornly and made gradual progress since a gap up 10/29/18 on M&A news with IBM. Annual earnings (A criteria) growth has been strong and steady.
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SMPL - NASDAQ - Food-Confectionery Simply Good Foods Co	$26.62	+1.24 4.89%	$26.87	$26.00	2.38%	880,292 197.37%	446,000
Most Recent Note for SMPL - 7/3/2019 12:03:08 PM Today's 5th consecutive volume-driven gain has it getting extended from prior highs in the $23 area which define initial support to watch on pullbacks. Reported earnings +60% on +30% sales revenues for the May '19 quarter, and prior quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Limited annual earnings history (A criteria) remains a concern.
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SPNS - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software Sapiens Intl Corp	$16.39	-0.44 -2.62%	$16.64	$17.41	-5.86%	83,293 63.58%	131,000
Most Recent Note for SPNS - 7/3/2019 12:04:20 PM Hovering near its 52-week high since last noted with caution in the 6/07/19 mid-day report - "Reported earnings +31% on +8% sales revenues for the Mar '19 quarter. Fundamental concerns remain regarding its prior quarterly and annual earnings (C and A criteria) history. Issued a Special Dividend 5/21/15."
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WH - NYSE - Leisure-Lodging Wyndham Hotels & Resorts	$59.81	+1.51 2.59%	$60.43	$62.38	-4.12%	609,493 65.68%	928,000
Most Recent Note for WH - 7/3/2019 12:05:57 PM Reported earnings +18% on +55% sales revenues for the Mar '19 quarter, below the +25% minimum earnings (C criteria) guideline. Rebounding toward its 52-week high with today's 3rd consecutive gain.
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