Mid-Day Breakouts Report - Tuesday, August 6th, 2024

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MIDDAY BREAKOUTS REPORT - TUESDAY, AUGUST 6TH, 2024
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DOW 39270.49 567.22 (1.47%) | NASDAQ 16556.68 356.6 (2.20%) | S&P 500 5292.49 106.16 (2.05%)

Time of Screening : 8/6/2024 1:30:29 PM Report Released : 8/6/2024 1:59:25 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 90% 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
ACIW - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software A C I Worldwide Inc	$45.69	+2.14 4.91%	$45.69	$48.80	-6.37%	729,446 96.23%	758,000
Most Recent Note for ACIW - 8/6/2024 1:34:24 PM Reported strong Jun '24 quarterly results but fundamental concerns remain. Consolidating after a gap up on 8/01/24 powering to a new all-time high.
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ADUS - NASDAQ - Medical-Outpnt/Hm Care Addus Homecare Corp	$124.01	+6.30 5.35%	$126.70	$125.24	-0.98%	168,678 104.77%	161,000
Most Recent Note for ADUS - 8/6/2024 1:36:03 PM Hit a new 52-week high today. Reported earnings +26% on +10% sales revenues for the Jun '24 quarter versus the year-ago period, its 2nd strong quarter. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Annual earnings growth has been strong and steady (A criteria). Completed new Public Offerings on 9/04/19 and 8/16/18 yet still has only 16.4 million shares outstanding (S criteria).
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CBT - NYSE - CHEMICALS - Specialty Chemicals Cabot Corp	$101.98	+15.02 17.27%	$102.60	$103.49	-1.46%	511,343 140.09%	365,000
Most Recent Note for CBT - 8/6/2024 1:38:05 PM Gapped up today rebounding near its 52-week high after undercutting its 50 and 200 DMA lines with 3 volume-driven losses. Reported strong Jun '24 quarterly earnings results. Subpar sales revenues growth and quarterly and annual earnings (C and A criteria) are not a match with the fundamental guidelines of the fact-based investment system.
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CHUY - NASDAQ - FOOD & BEVERAGE - Food - Major Diversified Chuy's Holdings Inc	$37.04	-0.05 -0.13%	$37.10	$39.41	-6.01%	589,414 173.36%	340,000
Most Recent Note for CHUY - 8/6/2024 1:40:13 PM Hovering in a tight range after gapping up on 7/18/24 M&A news. Reported earnings -11% on -2% sales revenues for the Mar '24 quarter versus the year ago period. Prior 4 quarterly comparisons were above the +25% minimum earnings guideline (C criteria).
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CNO - NYSE - INSURANCE - Accident & Health Insurance C N O Financial Group	$31.36	-0.28 -0.88%	$31.87	$35.45	-11.54%	770,052 99.75%	772,000
Most Recent Note for CNO - 8/6/2024 1:42:16 PM Lack of sales revenues growth indicates no great growth in demand for new (N criteria) products or services, a fundamental concern. Quarterly and annual earnings history are not a match with the fact-based investment system's guidelines.
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ESEA - NASDAQ - TRANSPORTATION - Shipping Euroseas Ltd	$39.75	+3.77 10.48%	$40.77	$42.46	-6.38%	66,038 227.72%	29,000
Most Recent Note for ESEA - 8/6/2024 1:45:49 PM Rebounding from its 200 DMA line to challenge its 52-week high with today's gap up and volume-driven gain. Prior mid-day reports cautioned members - "Reported Mar '24 quarterly earnings -14% on +11% sales revenues versus the year-ago period. Prior earnings and sales revenues growth history has been below the fundamental guidelines of the fact-based investment system.
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KEQU - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Kewaunee Scientific Corp	$50.98	+0.32 0.63%	$52.00	$55.62	-8.34%	36,232 139.35%	26,000
Most Recent Note for KEQU - 8/6/2024 1:47:00 PM Pulling back from a new all-time high with today's 4th consecutive loss with above-average 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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MSI - NYSE - TELECOMMUNICATIONS - Communication Equipment Motorola Solutions Inc	$409.96	+10.32 2.58%	$411.90	$410.77	-0.20%	612,888 92.03%	666,000
Most Recent Note for MSI - 8/6/2024 1:49:07 PM Hitting new all-time highs with today's gain backed by above-average volume. Reported earnings +22% on +9% sales revenues for the Jun '24 quarter versus the year-ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Steady annual earnings history (A criteria) included a slight downturn in FY '20.
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NVO - NYSE - DRUGS - Drug Manufacturers - Other Novo Nordisk A/S Adr	$130.77	+4.77 3.78%	$130.92	$148.15	-11.73%	3,650,922 93.33%	3,912,000
Most Recent Note for NVO - 8/6/2024 1:51:55 PM Gapped up today, finding support above its 200 DMA line. 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 ($138) is needed to help its outlook improve. Fundamentals remain strong.
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PLNT - NYSE - Leisure-Services Planet Fitness Inc	$78.71	+6.70 9.30%	$79.10	$79.09	-0.48%	1,902,989 125.03%	1,522,000
Most Recent Note for PLNT - 8/6/2024 1:53:21 PM Gapped up today hitting a new 52-week high with a volume-driven gain. Reported earnings +9% on +5% sales revenues for the Jun '24 quarter and 3 of the 4 latest quarterly comparisons were above the +25% minimum earnings guideline (C criteria).
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PPC - NASDAQ - FOOD & BEVERAGE - Meat Products Pilgrims Pride Corp	$44.49	+1.18 2.72%	$45.48	$44.62	-0.29%	823,356 129.87%	634,000
Most Recent Note for PPC - 8/6/2024 1:55:48 PM Hitting a new all-time high with today's volume-driven gain adding to a recent spurt higher. 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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SPFI - NASDAQ - Banks-West/Southwest South Plains Financial	$30.10	+0.01 0.03%	$30.37	$33.85	-11.08%	48,574 118.47%	41,000
Most Recent Note for SPFI - 8/6/2024 1:56:40 PM Retreated from its all-time high with 4 consecutive volume-driven losses. Reported Jun '24 quarterly earnings +187% on -41% sales revenues versus the year ago period. Prior quarterly and annual earnings history is not a match with the fundamental guidelines of the fact-based investment system.
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VNOM - NASDAQ - Oil&Gas-U S Expl&Prod Viper Energy Partners Lp	$42.18	+2.91 7.41%	$42.68	$43.29	-2.56%	1,068,182 103.31%	1,034,000
Most Recent Note for VNOM - 8/6/2024 1:59:19 PM Challenging its 52-week high with today's gap up and volume-driven gain after testing support at its 50 DMA line. Reported Jun '24 quarterly earnings +30% on +35% sales revenues versus the year-ago period but fundamental concerns remain. This Oil & Gas - US Exploration & Production firm's quarterly comparisons through Mar '24 showed erratic and subpar sales revenues and earnings increases versus year ago periods. Since its $26 IPO in June 2014 it completed additional new Public Offerings in Sep '14, Jul '16, Jan '17, Jul '17, and Jul '18.
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