Mid-Day Breakouts Report - Wednesday, August 2nd, 2023

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, AUGUST 2ND, 2023
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DOW 35390.35 -240.33 (-0.67%) | NASDAQ 13931.7 -352.21 (-2.47%) | S&P 500 4512.72 -64.01 (-1.40%)

Time of Screening : 8/2/2023 12:28:22 PM Report Released : 8/2/2023 1:30:36 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.
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
CAT - NYSE - MANUFACTURING - Farm & Construction Machinery Caterpillar Inc	$290.15	+1.50 0.52%	$293.88	$288.78	0.47%	3,284,786 103.43%	3,176,000
Most Recent Note for CAT - 8/2/2023 12:32:10 PM Goliath company in the Machinery - Construction/Mining industry gapped up on the prior session hitting a new all-time high with a considerable gain backed by great volume conviction. Reported Jun '23 quarterly earnings +75% versus the year ago period its 4th strong quarterly comparison. Fundamental concerns remain due to its up and down annual earnings (A criteria) history.
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CLS - NYSE - Elec-Contract Mfg Celestica Inc	$20.66	-0.72 -3.37%	$21.15	$22.68	-8.91%	2,562,964 223.84%	1,145,000
Most Recent Note for CLS - 8/2/2023 12:33:43 PM Pulling back today following a "negative refversal" on the prior session after hitting yet another new 52-week high. After noted volume-driven gains it is extended from any sound base. Reported earnings +25% on +13% sales revenues for the Jun '23 quarter versus the year ago period, and 6 of the last 7 quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been strong since bottoming in FY '19 following a multi-year downturn which raised concerns with regard to the fact-based investment system's strict guidelines.
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DT - NYSE - Computer Sftwr-Enterprse Dynatrace Inc	$47.69	-7.50 -13.59%	$50.42	$55.87	-14.64%	6,717,852 235.88%	2,848,000
Most Recent Note for DT - 8/2/2023 12:35:59 PM Gapped down today abruptly reteating from its 52-week and violating its 50 DMA line ($51.91) with a damaging volume-driven loss. Reported Jun '23 quarterly earnings +50% versus the year ago period. Prior mid-day reports cautioned members - "Faces resistance due to overhead supply up to the $80 level. Reported Mar '23 quarterly earnings +82% on +25% sales revenues versus the year ago period, its 2nd strong quarter. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). On 5/04/21 it was dropped from the Featured Stocks list."
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ELF - NYSE - Cosmetics/Personal Care E L F Beauty Inc	$133.64	+17.14 14.72%	$137.48	$120.61	10.81%	2,588,950 230.54%	1,123,000
Most Recent Note for ELF - 8/2/2023 12:37:06 PM Gapped up today hitting a new 52-week high, very extended from any sound base. Its 50 DMA line ($109) defines important near-term support to watch. Reported Jun '23 quarterly earnings +182% on +76% sales revenues versus the year-ago period, adding to its streak of very strong quarterly results well above the +25% minimum earnings guideline (C criteria). Fundamental concerns remain after a downturn in its FY '19 and '20 annual earnings (A criteria) history, not a great match the fact-based investment system's fundamental guidelines.
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ETN - NYSE - MANUFACTURING - Diversified Machinery Eaton Corp Plc	$222.94	+3.94 1.80%	$225.76	$219.90	1.38%	1,747,246 77.93%	2,242,000
Most Recent Note for ETN - 8/2/2023 12:38:46 PM Hitting another new all-time high with today's 4th consecutive gain. Reported Jun '23 quarterly earnings +18% on +13% sales revenues versus the year-ago period. Made steady progress since it rebounded above its 50 DMA line when noted in the 5/02/23 mid-day report - "Through the Mar '23 quarter its subpar sales revenues and earnings growth history remain a concern, fundamentally."
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EXTR - NASDAQ - INTERNET - Internet Software & Services Extreme Networks Inc	$29.29	+1.44 5.17%	$29.69	$28.60	2.41%	1,809,454 85.96%	2,105,000
Most Recent Note for EXTR - 8/2/2023 12:40:26 PM Hitting a new 52-week high with today's 2nd consecutive volume-driven gain after a brief consolidation. Reported Jun '23 quarterly earnings +120% versus the year-ago period. 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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FOR - NYSE - Real Estate Dvlpmt/Ops Forestar Group Inc	$30.35	-0.40 -1.30%	$31.03	$30.88	-1.72%	178,085 95.74%	186,000
Most Recent Note for FOR - 8/2/2023 12:41:37 PM Hit another new 52-week high today, adding to a recently noted spurt of volume-driven gains. Quarterly earnings increases have been below the +25% minimum earnings guideline (C criteria) and not a match with the fact-based investment system's guidelines.
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HCCI - NASDAQ - Pollution Control Heritage-Crystal Clean	$46.21	-0.55 -1.18%	$46.49	$47.98	-3.69%	283,690 174.04%	163,000
Most Recent Note for HCCI - 8/2/2023 12:41:45 PM Gapped up on 7/20/23 hitting a new all-time high following M&A news. Due to report Jun '23 quarterly results. Three of the 4 latest quarterly earnings comparisons versus the year-ago periods through Mar '23 were above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been up and down, not a match with the fact-based investment system's fundamental guidelines.
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HSBC - NYSE - Banks-Money Center H S B C Holdings Plc Adr	$40.74	-1.47 -3.48%	$41.15	$42.47	-4.07%	1,237,656 87.47%	1,415,000
Most Recent Note for HSBC - 8/2/2023 12:43:34 PM Gapped down today retreating from multi-year highs. Reported Jun '23 quarterly earnings +26% on +36% sales revenues versus the year-ago period. Prior sales revenues and earnings growth history has been erratic.
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IBP - NYSE - DIVERSIFIED SERVICES - Business/Management Services Installed Building Products, Inc	$149.96	+1.23 0.82%	$151.86	$150.88	-0.61%	150,519 76.41%	197,000
Most Recent Note for IBP - 8/2/2023 12:44:47 PM Faces no resistance due to overhead supply. Reported Jun '23 quarterly earnings +6% versus the year-ago period, breaking a streak of 5 consecutive quarterly comparisons above the +25% minimum earnings guideline (C criteria). Annual earnings history has been strong.
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JCI - NYSE - AUTOMOTIVE - Auto Parts Johnson Controls Inc	$63.43	-6.60 -9.42%	$69.00	$70.43	-9.94%	5,256,550 144.02%	3,650,000
Most Recent Note for JCI - 8/2/2023 12:46:42 PM Down considerably today for a damaging volume-driven loss violating its 50 DMA line ($65.88) and testing its 200 DMA line ($63.38). Prior mid-day reports cautioned members - "Earnings and sales history are below guidelines. Current earnings per share should be up +25% or more and in many cases accelerating in recent quarters. Quarterly sales should also be up +18-25% or more or accelerating over prior quarters."
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KAI - NYSE - Machinery-Gen Industrial Kadant Inc	$211.75	-10.87 -4.88%	$219.04	$229.90	-7.89%	49,258 92.94%	53,000
Most Recent Note for KAI - 8/2/2023 12:48:54 PM Gapped down today undercutting its 50 DMA line and testing its 200 DMA line after it was perched near its 52-week high and within striking distance of its all-time high. Reported earnings +13% on +11% sales revenues for the Jun '23 quarter versus the year-ago period, its 5th quarterly comparison below the +25% minimum earnings guideline (C criteria). Fundamental concerns remain after a downturn in FY '20 annual earnings (A criteria) history, not a great match with the guidelines of the fact-based investment system.
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LPG - NYSE - Oil&Gas-Transprt/Pipelne Dorian LPG Ltd	$28.70	-0.85 -2.86%	$29.34	$30.09	-4.64%	541,849 97.81%	554,000
Most Recent Note for LPG - 8/2/2023 12:50:34 PM Hovering near its 52-week high today following a noted streak of gains. Reported Jun '23 quarterly earnings +116% versus the year ago period, its 5th very strong quarterly earnings comparison above the +25% minimum earnings guideline (C criteria) of the fact-based investment system. Fundamental concerns remain due to its erratic annual earnings (A criteria) history.
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MPX - NYSE - AUTOMOTIVE - Recreational Vehicles Marine Products Corp	$16.13	+0.06 0.34%	$16.20	$17.73	-9.05%	64,636 143.64%	45,000
Most Recent Note for MPX - 8/2/2023 12:52:01 PM Violated its 50 DMA line ($16.37) with a volume-driven loss on 7/31/23 when last noted with caution in the mid-day report. On 5/01/23 it rose from a 12-week base. Reported Jun '23 quarterly earnings +45% on +21% sales revenues versus the year-ago period, its 4th strong quarterly comparison versus the year-ago period. Fundamental concerns remain after a noted downturn in FY '19 and '20 annual earnings. It was dropped from the Featured Stocks list on 12/10/18.
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NMIH - NASDAQ - Finance-Mrtg&Rel Svc N M I Holdings Inc Cl A	$29.34	+2.37 8.79%	$29.58	$27.62	6.23%	592,881 161.55%	367,000
Most Recent Note for NMIH - 8/2/2023 12:54:09 PM Gapped up today for a new 52-week high, making progress above the $26-27 area where it met stubborn resistance for years. Reported earnings +10% on +8% sales revenues for the Jun '23 quarter, and prior quarterly comparisons were also well below the +25% minimum earnings guideline (C criteria) of the fact-based investment system.
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NOA - NYSE - Oil&Gas-Field Services North American Const Grp	$25.23	+0.20 0.80%	$25.53	$26.30	-4.07%	63,619 84.83%	75,000
Most Recent Note for NOA - 8/2/2023 12:58:13 PM Patient investors way watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. There was a "breakaway gap" as it spiked to a new high on 7/27/23 after reporting Jun '23 quarterly earnings +176% on +15% sales revenues versus the year ago period. Reported strong Sep, Dec '22, and Mar '23 quarterly results versus the year-ago periods, helping it better match the fact-based investment system's fundamental guidelines.
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NVMI - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Nova Ltd	$120.90	-5.47 -4.33%	$124.94	$126.48	-4.41%	171,585 118.33%	145,000
Most Recent Note for NVMI - 8/2/2023 1:01:41 PM Due to report Jun '23 results. Reported Mar '23 quarterly earnings -5% on -1% sales revenues versus the year-ago period, its 3rd quarterly comparison below the +25% minimum earnings guideline (C criteria). This Semiconductor Equipment firm headquartered in Israel went through a deep consolidation since noted with caution in the 12/31/21 mid-day report. Annual earnings history (A criteria) included a downturn in FY '19.
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NVT - NYSE - Electrical-Power/Equipmt nVent Electric	$55.94	+1.28 2.34%	$56.33	$55.61	0.59%	995,213 79.74%	1,248,000
Most Recent Note for NVT - 8/2/2023 1:03:04 PM Hitting a new all-time high today, getting more extended from any sound base. Earnings increases in the Sep, Dec '22, Mar and Jun '23 quarters versus the year-ago periods were above the +25% minimum earnings guideline (C criteria). Sequential quarterly comparisons show a deceleration in its sales revenues growth rate.
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OSK - NYSE - AUTOMOTIVE - Trucks & Other Vehicles Oshkosh Corp	$101.87	+0.46 0.45%	$103.76	$106.66	-4.49%	463,185 91.72%	505,000
Most Recent Note for OSK - 8/2/2023 1:06:35 PM Gapped up on the prior session rallying near its 52-week high. Reported earnings +449% on +17% sales revenues for the Jun '23 quarter versus the year ago period, its 4th quarterly comparison 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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PTC - NASDAQ - Computer Sftwr-Design P T C Inc	$141.81	-4.71 -3.21%	$144.40	$152.09	-6.76%	1,667,775 207.69%	803,000
Most Recent Note for PTC - 8/2/2023 1:08:00 PM Perched near its 52-week high churning above average volume since last noted in the 7/27/23 mid-day report - "Faces little resistance due to overhead supply up to the $153 level. Reported Jun '23 quarterly earnings +2% on +17% 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). Annual earnings growth has been good after a downturn in FY '16 and '17."
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RACE - NYSE - Auto Manufacturers Ferrari NV	$313.53	-4.10 -1.29%	$322.16	$329.88	-4.96%	384,372 113.72%	338,000
Most Recent Note for RACE - 8/2/2023 1:10:25 PM Encountering distributional pressure and pulling back from its all-time high, consolidating above its 50 DMA line ($309.56). Reported earnings +40% for the Jun '23 quarter versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria) leaving concerns, fundamentally. Since completing its $52 IPO in Oct '15 its annual earnings (A criteria) history was strong until a downturn in FY '20.
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ROCK - NASDAQ - METALS & MINING - Steel & Iron Gibraltar Industries Inc	$73.44	+7.16 10.80%	$74.85	$66.43	10.55%	112,504 76.53%	147,000
Most Recent Note for ROCK - 8/2/2023 1:12:54 PM Gapped up today hitting a new 52-week high with a considerable volume-driven gain. Reported Jun '23 quarterly earnings +23% versus the year ago period. Sub par sales revenues growth was a noted concern while prior earnings increases were not strong and steady above the +25% minimum guideline (C criteria). Annual earnings growth has been strong and steady in recent years (A criteria).
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ROK - NYSE - Electrical-Power/Equipmt Rockwell Automation Inc	$305.50	-5.41 -1.74%	$311.47	$348.52	-12.34%	617,093 81.52%	757,000
Most Recent Note for ROK - 8/2/2023 1:13:56 PM Gapped down on the prior session violating its 50 DMA line ($316) after hovering near its 52-week high. Reported earnings +13% for the Jun '23 quarter versus the year-ago period. Prior quarterly earnings history was not strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings had a downturn in FY '20. Prior mid-day reports noted - "It still faces resistance due to old overhead supply up to the $354 level."
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SFM - NASDAQ - Retail-Super/Mini Mkts Sprouts Farmers Market	$37.26	-1.00 -2.61%	$39.08	$40.39	-7.75%	2,206,630 138.17%	1,597,000
Most Recent Note for SFM - 8/2/2023 1:17:34 PM Testing its 50 DMA line ($36.29) with today's 2nd consecutive volume-driven loss. Stalled after recently wedging to a new 52-week high with gains lacking great volume conviction. Reported earnings +25% on +6% sales revenues for the Jun '23 quarter versus the year-ago period. Prior quarterly earnings comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria) and annual earnings (A criteria) history included a downturn in FY '21.
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SPNS - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software Sapiens Intl Corp	$28.99	+1.45 5.27%	$29.63	$27.74	4.51%	121,416 84.32%	144,000
Most Recent Note for SPNS - 8/2/2023 1:20:43 PM Gapped up today hitting a new 52-week high. Fundamental concerns remain. Quarterly comparisons through Jun '23 have been below the +25% minimum earnings guideline (C criteria). Completed a new Public Offering on 10/16/20.
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TAP - NYSE - Beverages-Alcoholic Molson Coors Brewing B	$68.48	+1.96 2.95%	$68.48	$70.90	-3.41%	1,859,272 81.44%	2,283,000
Most Recent Note for TAP - 8/2/2023 1:22:54 PM Finding support with today's volume-driven gain. Gapped down on the prior session retreating from its 52-week high testing its 50 DMA line ($66). Reported improved earnings in the Dec '22, Mar and Jun '23 quarters above the +25% minimum guideline (C criteria) versus the year-ago periods. Annual earnings history (A criteria) is not a match with the fundamental guidelines of the fact-based investment system.
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TEX - NYSE - MANUFACTURING - Farm & Construction Machinery Terex Corp	$63.24	+1.21 1.95%	$64.73	$65.64	-3.66%	918,849 123.83%	742,000
Most Recent Note for TEX - 8/2/2023 1:25:59 PM Posting a 4th consecutive gain today backed by above average volume, finding support above its 50 DMA line ($56.98) and rebounding near its 52-week high. Reported Jun '23 quarterly earnings +120% on +30% sales revenues versus the year-ago period, its 4th strong quarterly comparison versus the year-ago period. Prior earnings history has been erratic and not a match with the investment system's guidelines.
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TT - NYSE - Machinery-Gen Industrial Trane Technologies Plc	$205.71	+6.68 3.35%	$208.66	$201.84	1.91%	1,105,058 91.71%	1,205,000
Most Recent Note for TT - 8/2/2023 1:30:31 PM Hitting a new all-time high with today's gain so it faces no resistance due to overhead supply. Reported Jun '23 quarterly earnings +24% versus the year-ago period. Quarterly earnings increases were above the +25% minimum guideline (C criteria) in the 3 prior quarters versus the year-ago periods. Fundamental concerns remain. There was a downturn in FY '19 and '20 earnings (A criteria).
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