Mid-Day Breakouts Report - Monday, August 5th, 2024

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MIDDAY BREAKOUTS REPORT - MONDAY, AUGUST 5TH, 2024
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DOW 38937.94 -799.32 (-2.01%) | NASDAQ 16292.87 -483.29 (-2.88%) | S&P 500 5217.08 -129.48 (-2.42%)

Time of Screening : 8/5/2024 12:15:22 PM Report Released : 8/5/2024 1:05:07 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

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
HWM - NYSE Howmet Aerospace inc	$86.77	-3.39 -3.76%	$87.22	2,391,329 79.21% of 50 DAV 50 DAV is 3,019,000	$97.29 -10.81%	7/30/2024	$93.95	PP = $85.52 MB = $89.80
Most Recent Note - 8/5/2024 12:35:04 PM Y - Pulling back today for a 3rd loss after a streak of 5 volume-driven gains for new highs. Prior highs in the $85 area define initial support to watch above its 50 DMA line ($82). >>> The latest Featured Stock Update with an annotated graph appeared on 7/30/2024. Click here.
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MELI - NASDAQ Mercadolibre Inc	$1,793.73	+17.59 0.99%	$1,803.76	368,947 118.63% of 50 DAV 50 DAV is 311,000	$1,825.00 -1.71%	8/5/2024	$1,793.73	PP = $1,792.15 MB = $1,881.76
Most Recent Note - 8/5/2024 Y - Color code is changed to yellow with pivot point cited based on its 5/20/24 high plus 10 cents. Found prompt support at its 200 DMA line ($1,578) last week and challenging its 52-week high with today's 2nd consecutive volume-driven gain. A gain and strong close above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Reported Jun '24 quarterly earnings +103% on +42% sales revenues versus the year ago period. Three of the 4 latest quarterly comparisons have shown strong sales revenues and earnings increases well above the +25% minimum guideline (C criteria). Following losses in FY '18 -'20 and annual earnings (A criteria) have improved greatly. >>> The latest Featured Stock Update with an annotated graph appeared on 8/4/2017. Click here.
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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	$210.78	-9.08 -4.13%	$213.50	$237.23	-11.15%	61,170,919 90.02%	67,953,000
Most Recent Note for AAPL - 8/5/2024 12:17:23 PM Gapped down today and deeply undercut its 50 DMA line ($213) then rebounded near that important short-term average. Quarterly comparisons through Jun '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 7,330 in Jun '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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AEM - NYSE - METALS & MINING - Gold Agnico Eagle Mines Ltd	$73.29	-1.83 -2.44%	$73.90	$78.16	-6.23%	2,097,267 97.46%	2,152,000
Most Recent Note for AEM - 8/5/2024 12:19:11 PM Gapped down today retreating from its 52-week high and testing its 50 DMA line ($69.64) with its early loss. This Canadian firm in the Mining - Gold/Silver/Gems group's Jun '24 quarterly earnings rose +67% on +21% sales revenues versus the year-ago period, its 3rd strong quarterly comparison. Annual earnings (A criteria) history has been up and down.
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AER - NYSE - DIVERSIFIED SERVICES - Rental &; Leasing Services Aercap Holdings Nv	$86.27	-0.34 -0.39%	$86.46	$98.79	-12.67%	1,234,273 80.94%	1,525,000
Most Recent Note for AER - 8/5/2024 12:20:57 PM Managed a "positive reversal" today after slumping near its 200 DMA line. Gapped down for 2 consecutive sessions after reversing on Thursday near its all-time high. Reported Jun '24 quarterly earnings +18% on +2% sales revenues versus the year-ago period. Fundamental concerns remain as its prior quarterly and annual earnings (C and A criteria) history is not a great match with the fact-based investment system's guidelines.
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AGI - NYSE - Mining-Gold/Silver/Gems Alamos Gold Inc	$17.14	-0.28 -1.61%	$17.24	$18.20	-5.82%	1,686,123 87.64%	1,924,000
Most Recent Note for AGI - 8/5/2024 12:22:03 PM Gapped down today then recovered. Encountered distributional pressure after hitting a new 52-week high last week. Wedged higher in recent weeks with lackluster volume while making little price progress. Reported Jun '24 quarterly earnings +60% on +27% sales revenues versus the year ago period. The Mar '24 quarter had subpar results after strong Mar, Jun, Sep, and Dec '23 quarterly results. Prior mid-day reports cautioned members - "Earnings history is not a match with the fact-based investment system's fundamental guidelines."
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AMT - NYSE - TELECOMMUNICATIONS - Diversified Communication Serv American Tower Reit	$232.60	-2.04 -0.87%	$236.13	$236.00	-1.44%	1,746,058 82.17%	2,125,000
Most Recent Note for AMT - 8/5/2024 12:22:34 PM This REIT is holding its ground today near its 52-week high. Reported greatly improved earnings increases in the Dec '23, Mar and Jun '24 quarters versus the year-ago periods. Sub par sales revenues growth leaves fundamental concerns. Its annual earnings (A criteria) history has fairly flat in recent years.
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AXP - NYSE - FINANCIAL SERVICES - Credit Services American Express Co	$229.20	-3.08 -1.33%	$230.78	$256.24	-10.55%	2,354,502 81.39%	2,893,000
Most Recent Note for AXP - 8/5/2024 12:24:01 PM This well known Finance - Credit Card Payment Processing slumped well below its 50 DMA line ($237) near its prior low ($220.74 on 6/13/24) with today's 3rd consecutive volume-driven loss. Reported Jun '24 quarterly earnings +44% on +10% sales revenues versus the year ago period, its 4th quarterly comparison above the +25% minimum guideline (C criteria). Up and down annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines.
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BLK - NYSE - FINANCIAL SERVICES - Investment Brokerage - Regiona Blackrock Inc	$841.31	-4.72 -0.56%	$841.71	$885.10	-4.95%	505,631 84.84%	596,000
Most Recent Note for BLK - 8/5/2024 12:26:21 PM Pulled back from its 52-week high with today's 3rd consecutive loss, slumping near its 50 DMA line ($804) earlier before rebounding. Reported earnings +12% on +8% sales revenues for the quarter ended June 30, 2024 versus the year ago period, and fundamental concerns remain. Noted with caution in prior mid-day reports - "Prior earnings history (C and A criteria) is not a match with the fact-based investment system's guidelines."
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CSL - NYSE - Diversified Operations Carlisle Cos Inc	$378.42	-18.86 -4.75%	$380.56	$443.87	-14.75%	450,884 114.44%	394,000
Most Recent Note for CSL - 8/5/2024 12:28:01 PM Violated its 50 DMA line ($415) with 3 consecutive losses as it slumped from near its all-time high. Reported strong Mar and Jun '24 quarterly earnings results but fundamental concerns remain. It was dropped from the Featured Stocks list on 9/23/22.
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EGO - NYSE - METALS & MINING - Gold Eldorado Gold Corp	$16.41	-0.43 -2.55%	$16.52	$17.30	-5.14%	1,512,152 110.46%	1,369,000
Most Recent Note for EGO - 8/5/2024 12:31:15 PM Touched a new 52-week high on the prior session and promptly rebounded today after a gap down undercutting its 50 DMA line ($15.79). Recent strength in the Mining - Gold/Silver/Gems group (L criteria) helped numerous issues in the industry to rally. Reported very strong Jun '24 quarterly earnings results and prior quarterly comparisons showed strong earnings and sales increases versus the year ago periods. Annual earnings history (A criteria) is not a match with the fact-based investment system's fundamental guidelines.
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GOOG - NASDAQ - INTERNET - Internet Information Providers Google Inc Cl C	$164.65	-3.75 -2.23%	$165.94	$193.31	-14.83%	13,968,071 81.00%	17,244,000
Most Recent Note for GOOG - 8/5/2024 12:32:17 PM Gapped down today and nearly tested its 200 DMA line ($154). Reported Jun '24 quarterly earnings +35% on +14% sales revenues versus the year ago period, its 4th strong quarter above the +25% minimum guideline (C criteria). This large-cap company is already heavily owned by 4,657 top-rated institutional investors (I criteria).
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GOOGL - NASDAQ - INTERNET - Internet Information Providers Google Inc Cl A	$163.06	-3.60 -2.16%	$164.43	$191.75	-14.96%	21,664,579 90.20%	24,018,000
Most Recent Note for GOOGL - 8/5/2024 12:33:26 PM Gapped down today nearly testing its 200 DMA line ($153) before rebounding. Reported Jun '24 quarterly earnings +35% on +14% sales revenues versus the year ago period, its 4th strong quarter above the +25% minimum guideline (C criteria). This large-cap company is already heavily owned by 7,460 top-rated institutional investors (I criteria).
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GS - NYSE - FINANCIAL SERVICES - Investment Brokerage - Nationa Goldman Sachs Group Inc	$458.54	-12.10 -2.57%	$459.56	$517.26	-11.35%	2,166,771 92.05%	2,354,000
Most Recent Note for GS - 8/5/2024 12:34:32 PM Abruptly pulled back from its all-time high with today's gap down and 3rd consecutive volume-driven loss deeply undercutting its 50 DMA line ($469). Reported Jun '24 quarterly earnings +180% on +19% sales revenues over the year ago period, its 3rd strong quarterly comparison. 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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IGIC - NASDAQ - INSURANCE - Property & Casualty Insurance International Gen Ins Hld	$15.70	-0.62 -3.80%	$15.83	$17.97	-12.63%	95,750 129.39%	74,000
Most Recent Note for IGIC - 8/5/2024 12:36:16 PM Retreating abruptly from its 52-week high with today's 4th consecutive volume-driven loss testing its 50 DMA line ($15) earlier before rebounding. Due to report Jun '24 quarterly results on 8/06/24. Reported Mar '24 quarterly earnings +18% on +10% sales revenues versus the year-ago period. Fundamental concerns remain for this Jordan-based specialty Insurance firm.
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JHG - NYSE - Finance-Investment Mgmt Janus Henderson Group	$34.09	-1.80 -5.02%	$34.93	$39.11	-12.84%	795,611 76.57%	1,039,000
Most Recent Note for JHG - 8/5/2024 12:38:23 PM Gapped down today testing its 50 DMA line ($34.43) with a 2nd volume-driven loss, abruptly retreating from new 52-week highs. The UK-based advisory firm reported earnings +37% on +14% sales revenues for the Jun '24 quarter versus the year ago period, its 3rd strong comparison above the +25% minimum guideline (C criteria). Annual earnings history has been up and down.
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KEQU - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Kewaunee Scientific Corp	$49.50	-1.77 -3.45%	$50.43	$55.62	-11.00%	30,172 120.69%	25,000
Most Recent Note for KEQU - 8/5/2024 12:41:32 PM Pulling back from a new all-time high with today's 3rd consecutive loss with ever-increasing volume. Noted in prior mid-day reports - "Extended from any sound base. Reported strong earnings increases in recent quarters through Apr '24. Subpar sales revenues growth and annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines."
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MCK - NYSE - WHOLESALE - Drugs Wholesale Mckesson Corp	$607.21	-23.17 -3.68%	$627.95	$637.51	-4.75%	569,507 83.02%	686,000
Most Recent Note for MCK - 8/5/2024 12:43:05 PM Pulling back today from a new all-time high hit on the prior session with its 11t consecutive gain. Found support near its 50 DMA line ($588) in recent weeks. Fundamental concerns remain. Reported earnings -14% on +11% sales revenues for the Mar '24 quarter versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). It has a strong and steady annual earnings (A criteria) history.
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NVO - NYSE - DRUGS - Drug Manufacturers - Other Novo Nordisk A/S Adr	$126.26	-1.23 -0.96%	$126.32	$148.15	-14.78%	3,360,946 87.34%	3,848,000
Most Recent Note for NVO - 8/5/2024 12:55:04 PM Down for a 3rd consecutive loss today with ever-increasing volume. It was dropped from the Featured Stocks list on 7/31/24. Slumped below its 50 DMA line triggering a noted technical sell signal in prior weeks. A rebound above the 50 DMA line ($137.84) is needed to help its outlook improve. Fundamentals remain strong.
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PIPR - NYSE - Finance-Invest Bnk/Bkrs Piper Sandler Companies	$239.36	-5.18 -2.12%	$240.14	$280.45	-14.65%	110,967 82.81%	134,000
Most Recent Note for PIPR - 8/5/2024 12:55:47 PM Testing its 50 DMA line ($231.49) with today's 4th consecutive volume-driven loss off its all-time high. Reported Jun '24 quarterly earnings +123% on +17% sales revenues versus the year-ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history had a downturn in FY '22 and '23.
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PLNT - NYSE - Leisure-Services Planet Fitness Inc	$71.84	-0.56 -0.77%	$72.21	$79.09	-9.17%	1,183,653 79.92%	1,481,000
Most Recent Note for PLNT - 8/5/2024 12:58:14 PM Undercut its 50 DMA line ($71.58) earlier with today's 6th consecutive volume-driven loss. Reported earnings +29% on +12% sales revenues for the Mar '24 quarter and 3 of ther 4 latest quasrterly comparisons were above the +25% minimum earnings guideline (C criteria).
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PPC - NASDAQ - FOOD & BEVERAGE - Meat Products Pilgrims Pride Corp	$42.95	+1.48 3.57%	$42.95	$44.62	-3.74%	495,652 80.59%	615,000
Most Recent Note for PPC - 8/5/2024 12:58:57 PM Hovering at its all-time high with today's volume-driven gain. Reported strong earnings +280% on +6% sales revenues for the Jun '24 quarter versus the year-ago period. Reported greatly improved earnings in the 3 latest quarterly comparisons but lackluster sales revenues growth is a concern and its up and down annual earnings history is not a match with the fact-based investment system's guidelines (A criteria).
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RACE - NYSE - Auto Manufacturers Ferrari NV	$426.02	-7.58 -1.75%	$426.22	$442.80	-3.79%	375,188 175.32%	214,000
Most Recent Note for RACE - 8/5/2024 1:00:29 PM Consolidating near its 50 DMA line ($418). Reported Jun '24 quarterly earnings +23% on +14% sales revenues versus the year ago period, its 2nd quarterly comparison below the +25% minimum earnings guideline (C criteria). Its annual earnings (A criteria) history has been strong after a downturn in FY '20.
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THC - NYSE - HEALTH SERVICES - Hospitals Tenet Healthcare Corp	$144.34	+2.59 1.83%	$145.29	$155.00	-6.88%	1,139,545 87.59%	1,301,000
Most Recent Note for THC - 8/5/2024 1:02:22 PM Following 4 consecutive losses it gapped down today and undercut its 50 DMA line ($136.81) before promptly rebounding for a "positive reversal". Reported Jun '24 quarterly earnings +60% on +0% sales revenues versus the year ago period. Prior quarterly comparisons were subpar and fundamental concerns remain based on the guidelines of the fact-based investment system.
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TZOO - NASDAQ - COMPUTER SOFTWARE & SERVICES - Information Technology Service Travelzoo Inc	$9.57	-0.30 -2.99%	$9.57	$11.23	-14.83%	89,701 109.39%	82,000
Most Recent Note for TZOO - 8/5/2024 1:03:28 PM Reported earnings +35% on +0% sales revenues for the Jun '24 quarter. Pulling back today for a 2nd loss after rebounding near its 52-week high with gains marked by above average volume. Fundamental concerns remain as noted in prior mid-day reports -"Prior quarterly and annual earnings (C and A criteria) history and sales revenues growth has not been strong and steady."
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