Mid-Day Breakouts Report - Friday, September 4th, 2020

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MIDDAY BREAKOUTS REPORT - FRIDAY, SEPTEMBER 4TH, 2020
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DOW 27713.71 -579.02 (-2.05%) | NASDAQ 11072.88 -385.22 (-3.36%) | S&P 500 3382.54 -72.52 (-2.10%)

Time of Screening : 9/4/2020 11:57:36 AM Report Released : 9/4/2020 12:39:42 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
AMZN - NASDAQ - INTERNET - Internet Software & Services Amazon.com Inc	$3,209.66	-158.34 -4.70%	$3,381.50	$3,552.25	-9.64%	4,514,421 92.49%	4,881,000
Most Recent Note for AMZN - 9/4/2020 11:59:19 AM Abruptly retreating from its all-time high and testing its 50 DMA line ($3,144) with today's 2nd consecutive volume-driven loss. Very extended from any sound base. Reported earnings +97% on +40% sales revenues for the Jun '20 quarter versus the year-ago period, but the prior 4 consecutive quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Not a match with the fact-based investment system's fundamental guidelines.
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ASML - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate A S M L Holding N.V. NY	$359.71	-16.46 -4.37%	$370.14	$402.87	-10.71%	767,299 102.31%	750,000
Most Recent Note for ASML - 9/4/2020 12:01:17 PM Gapped down for a 2nd consecutive session today, violating its 50 DMA line ($377) and nearly testing the prior low ($350.74 on 7/31/20) which may act as support. Prior mid-day reports cautioned members - "Reported Jun '20 quarterly earnings +56% on +28% sales revenues versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Dutch Electronics - Semiconductor Equipment firm made an impressive rally from a deep slump."
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AVGO - NASDAQ - ELECTRONICS - Semiconductor - Integrated Circuits Broadcom Inc	$360.51	+8.42 2.39%	$372.53	$378.96	-4.87%	2,668,813 151.04%	1,767,000
Most Recent Note for AVGO - 9/4/2020 12:02:00 PM Abruptly reversed from its all-time high with a big loss on the prior session following 4 consecutive gains backed by ever-increasing volume. Reported earnings -1% on +4% sales revenues for the May '20 quarter. Prior quarterly comparisons were below the +25% minimum guideline (C criteria) with sub par sales revenues growth noted.
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BL - NASDAQ - Computer Sftwr-Enterprse Blackline Inc	$80.41	-5.47 -6.36%	$86.11	$94.06	-14.52%	498,936 87.23%	572,000
Most Recent Note for BL - 9/4/2020 12:03:36 PM Still faces resistance due to overhead supply up to the $94 level. Undercutting its 50 DMA line ($83.66) with today's 2nd consecutive volume-driven loss. Noted in prior mid-day reports - "Reported Jun '20 quarterly earnings +100% on +20% sales revenues versus the year ago period. Quarterly earnings comparisons have been above the +25% minimum guideline (C criteria). After years of losses it produced profitable results in FY '17, '18, and '19. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead."
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BNSO - NASDAQ - MANUFACTURING - Diversified Machinery Bonso Electronic Intl	$3.97	-0.03 -0.63%	$4.00	$3.99	-0.63%	16,019 145.63%	11,000
Most Recent Note for BNSO - 9/4/2020 12:04:16 PM Perched at its 52-week high today after 5 consecutive volume-driven gains. Prior quarterly and annual earnings history (C and A criteria) is not a match with the fact-based investment system's fundamental guidelines.
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CLX - NYSE - CONSUMER NON-DURABLES - Cleaning Products Clorox Co	$213.36	-3.37 -1.55%	$216.29	$239.87	-11.05%	1,072,207 78.04%	1,374,000
Most Recent Note for CLX - 9/4/2020 12:05:29 PM Retreated from its all-time high and slumped well below its 50 DMA line ($226). Reported earnings +28% on +22% sales revenues for the Jun '20 quarter versus the year ago period, its 2nd strong comparison, but fundamental concerns remain. This well-known cleaning products firm is a defensive safe haven issue, not a match with the fact-based investment system's guidelines.
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CRM - NYSE - INTERNET - Internet Software & Services Salesforce.com Inc	$245.12	-19.89 -7.51%	$265.67	$284.50	-13.84%	7,568,722 93.89%	8,061,000
Most Recent Note for CRM - 9/4/2020 12:06:47 PM Pulling back from its all-time high with today's 3rd consecutive volume-driven loss. Posted a big "breakaway gap" and considerable volume-driven gain on 8/26/20. Bullish action came after it reported Jul '20 quarterly earnings +118% on +29% sales revenues versus the year ago period. It was just added as a new component of the Dow Jones Industrial Average. Found support above its 50 DMA line ($207) during its ongoing ascent. Prior mid-day reports noted - "Reported earnings -25% on +30% sales revenues for the Apr '20 quarter versus the year ago period. Quarterly earnings comparisons have not been strong and steady above the +25% minimum guideline (C criteria). After a downturn in FY '14 annual earnings (A criteria) it has shown strong growth. Large supply of 901 million shares outstanding (S criteria) makes it an unlikely sprinter, and is already owned by more than 3,233 top-rated funds (I criteria)."
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DHR - NYSE - Medical-Diversified Danaher Corp	$194.50	-6.41 -3.19%	$201.07	$210.58	-7.64%	1,608,447 77.82%	2,067,000
Most Recent Note for DHR - 9/4/2020 12:08:19 PM Pulling back from its all-time high and violating its 50 DMA line ($197) with today's 2nd consecutive loss backed by higher volume. Has a new CEO as of 9/01/20. Reported Jun '20 quarterly earnings +32% on +19% sales revenues versus the year ago period. Quarterly earnings increases through Mar '20 were routinely below the +25% minimum guideline (C criteria) and sales revenues growth has been sub par. Annual earnings (A criteria) history has shown slow steady growth.
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DVA - NYSE - HEALTH SERVICES - Specialized Health Services Davita Healthcare Prtns	$86.55	-0.94 -1.07%	$87.84	$92.16	-6.09%	705,035 79.58%	886,000
Most Recent Note for DVA - 9/4/2020 12:09:42 PM Consolidating near its 52-week high. Reported earnings +60% on +1% sales revenues for the Jun '20 quarter, its 4th consecutive quarterly earnings increase above the +25% minimum guideline (C criteria) of the fact-based system. Prior mid-day reports cautioned members - "Sub par sales revenues growth rate is not indicative of a new product or service in great demand (N criteria). Annual earnings (A criteria) sputtered after it was dropped from the Featured Stocks list on 11/28/12."
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GMAB - NASDAQ - Medical-Biomed/Biotech Genmab A/S Ads	$34.21	-1.37 -3.85%	$35.24	$38.57	-11.30%	618,037 99.68%	620,000
Most Recent Note for GMAB - 9/4/2020 12:12:10 PM Violated its 50 DMA line ($35.78) with damaging losses this week after wedging to a new all-time high. Reported Jun '20 quarterly earnings +999% on +596% sales revenues versus the year ago period its 4th consecutive strong quarterly comparison. Limited history remains a concern and has not been a good match with the fundamental guidelines of the fact-based investment system.
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GOOGL - NASDAQ - INTERNET - Internet Information Providers Google Inc Cl A	$1,562.08	-67.43 -4.14%	$1,634.99	$1,726.10	-9.50%	1,382,728 77.68%	1,780,000
Most Recent Note for GOOGL - 9/4/2020 12:13:24 PM Pulling back and testing its 50 DMA line ($1,530). Reported earnings -27% on -2% sales revenues for the Jun '20 quarter. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). This large-cap company is already heavily owned by 5,270 top-rated institutional investors (I criteria).
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GRVY - NASDAQ - Computer Sftwr-Gaming Gravity Co Ltd Ads	$87.00	+5.02 6.12%	$89.87	$93.00	-6.45%	76,780 178.56%	43,000
Most Recent Note for GRVY - 9/4/2020 12:14:25 PM Reported Jun '20 quarterly earnings +16% on +9% sales revenues versus the year ago period. Prior quarterly comparisons showed waning sales revenues and lower earnings versus the year ago periods. Limited annual earnings (A criteria) history is a concern for this Korean Computer Software firm.
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ISSC - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Innovative Sltn & Supprt	$6.74	-0.28 -3.99%	$7.14	$7.64	-11.78%	48,064 77.52%	62,000
Most Recent Note for ISSC - 9/4/2020 12:16:21 PM Still hovering near its 52-week high, holding its ground following an impressive streak of gains marked by above average volume. The 8/26/20 mid-day report last noted - "Recent quarterly comparisons through Jun '20 have shown greatly improved earnings and sales revenues increases, however quarterly sales revenues totals in the $4-6 million range are rather minuscule compared to most publicly traded companies. Annual earnings history is not a match with the fact-based investment system's guidelines (A criteria). Low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied. Fundamental concerns remain. It survived but failed to impress since dropped from the Featured Stocks list on 6/08/05."
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LOGI - NASDAQ - COMPUTER HARDWARE - Computer Peripherals Logitech Intl Sa	$68.73	-1.70 -2.41%	$70.68	$76.53	-10.19%	469,896 94.36%	498,000
Most Recent Note for LOGI - 9/4/2020 12:17:28 PM Violated its 50 DMA line ($70.89) with today's 3rd consecutive loss marked by ever-increasing volume, abruptly retreating from its all-time high. Fundamental concerns remain. Reported Jun '20 quarterly earnings +64% on +23% sales revenues versus the year ago period, and sequential comparisons show encouraging acceleration in its sales revenues growth rate. However, this Switzerland-based Computer - Hardware/Peripherals firm's prior quarterly comparisons were well below the +25% minimum earnings guideline (C criteria).
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LULU - NASDAQ - MANUFACTURING - Textile Manufacturing Lululemon Athletica	$354.66	-23.22 -6.14%	$376.40	$399.90	-11.31%	1,654,257 102.05%	1,621,000
Most Recent Note for LULU - 9/4/2020 12:20:01 PM Retreating from its all-time high with today's 2nd consecutive volume-driven loss. Due to report Jul '20 quarterly results on 9/08/20. Reported earnings -70% on -17% sales revenues for the Apr '20 quarter versus the year ago period. It was dropped from the Featured Stocks list on 3/05/20, went through a deep slump, then rebounded impressively. Prior mid-day reports cautioned members - "Reported earnings +23% on +20% sales revenues for the Jan '20 quarter, breaking a streak of quarterly earnings increases above the +25% minimum guideline (C criteria)."
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MA - NYSE - Finance-CrdtCard/PmtPr Mastercard Inc Cl A	$331.07	-12.77 -3.71%	$346.99	$367.25	-9.85%	3,010,754 81.02%	3,716,000
Most Recent Note for MA - 9/4/2020 12:22:52 PM Slumped abruptly from its all-time high with this week's losses. Reported earnings -28% on -19% sales revenues for the Jun '20 quarter, and prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). It made choppy progress after dropped from the Featured Stocks list on 10/24/18.
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MITK - NASDAQ - Comp Sftwr-Spec Enterprs Mitek System Inc	$11.55	-0.52 -4.31%	$12.19	$13.53	-14.63%	364,514 80.29%	454,000
Most Recent Note for MITK - 9/4/2020 12:25:04 PM Abruptly reversed from its 52 week high and it is on track today for a 6th loss in the span of 7 sessions. Reported earnings +33% on +16% sales revenues for the Jun '20 quarter versus the year ago period, its 5th consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth history included a small downturn in FY '18.
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MSFT - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Microsoft Corp	$210.65	-6.65 -3.06%	$218.30	$232.86	-9.54%	26,155,923 75.83%	34,495,000
Most Recent Note for MSFT - 9/4/2020 12:26:55 PM Pulling back from its all-time high with above average volume behind today's 2nd consecutive loss. Testing its 50 DMA line ($211) which acted as support during recent consolidations. Reported earnings +7% on +13% sales revenues for the Jun '20 quarter. Prior quarterly and annual earnings (C and A criteria) and sales growth history is not a match with the fact-based investment system's fundamental guidelines.
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NOMD - NYSE - Food-Packaged Nomad Foods Ltd	$24.80	+0.20 0.81%	$24.89	$25.24	-1.74%	1,006,538 97.16%	1,036,000
Most Recent Note for NOMD - 9/4/2020 12:28:06 PM Churning above average volume and still holding its ground stubbornly. Wedged higher after rallying above the $22-23 area which previously acted as stubborn resistance. Reported Jun '20 quarterly earnings +23% on +10% sales revenues versus the year ago period. Prior earnings and sales revenues growth history was not strong and steady.
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PYPL - NASDAQ - Finance-CrdtCard/PmtPr PayPal Holdings, Inc	$189.16	-15.83 -7.72%	$201.84	$212.45	-10.96%	8,328,838 112.46%	7,406,000
Most Recent Note for PYPL - 9/4/2020 12:30:14 PM Abruptly retreating from its all-time high with today's 2nd consecutive loss backed by heavy volume while undercutting and testing support at its 50 DMA line ($188). Last noted in the 7/30/20 mid-day report - "Reported Jun '20 quarterly earnings +51% on +22% sales revenues versus the year ago period. The 2 prior comparisons were below the +25% minimum guideline (C criteria). Annual earnings (A criteria) growth has been strong and steady."
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QRVO - NASDAQ - ELECTRONICS - Semiconductor - Integrated Cir Qorvo, Inc	$117.47	-3.98 -3.27%	$122.64	$136.06	-13.67%	986,098 77.34%	1,275,000
Most Recent Note for QRVO - 9/4/2020 12:32:19 PM Abruptly retreating from its 52-week high, undercutting prior highs and its 50 DMA line ($122) with today's 2nd consecutive volume-driven loss. Last noted with caution in the 7/30/20 mid-day report - " Reported Jun '20 quarterly earnings +10% on +2% sales revenues versus the year ago period. Volume and volatility often increase near earnings news. Reported +29% earnings on +16% sales revenues for the Mar '20 quarter versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum guideline (C criteria)."
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SAP - NYSE - COMPUTER SOFTWARE & SERVICES - Application Software S A P Ag Adr	$156.81	-5.11 -3.16%	$161.30	$169.30	-7.38%	453,683 79.18%	573,000
Most Recent Note for SAP - 9/4/2020 12:33:46 PM Testing support at its 50 DMA line ($158) with today's 2nd consecutive loss off its all-time high. Reported earnings +6% on +0% sales revenues for the quarter ended June 30, 2020 versus the year ago period, and prior comparisons were below the +25% minimum earnings guideline (C criteria). Earnings and sales revenues growth rates have been below guidelines. It also has a huge supply of 1.19 billion shares outstanding (S criteria), making it less likely to be a good sprinter.
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STM - NYSE - ELECTRONICS - Semiconductor - Broad Line Stmicroelectronics N V	$27.90	-0.45 -1.58%	$28.76	$31.98	-12.75%	2,169,323 86.36%	2,512,000
Most Recent Note for STM - 9/4/2020 12:34:42 PM Violated its 50 DMA line ($29.04) with 2 consecutive volume-driven losses after it was perched within close striking distance of its 52-week high. Noted in the 8/12/20 mid-day report - "Found support while consolidating above its 50 DMA line in recent weeks. This Switzerland-based manufacturer of Semiconductor products reported earnings -44% on -4% sales revenues for the Jun '20 quarter versus the year ago period, and prior quarterly earnings comparisons have been erratic, not strong and steady above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been erratic and not a great match with the guidelines of the fact-based investment system."
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TMO - NYSE - CONGLOMERATES - Conglomerates Thermo Fisher Scientific	$404.56	-15.11 -3.60%	$419.97	$441.96	-8.46%	952,615 75.25%	1,266,000
Most Recent Note for TMO - 9/4/2020 12:36:16 PM Retreating from its all-time high and testing its 50 DMA line ($405) with today's 2nd consecutive volume-driven loss. The 8/27/20 mid-day report last noted - "It is extended from any sound base. Fundamental concerns remain. Reported earnings +28% on +10% sales revenues for the Jun '20 quarter. Prior quarterly comparisons had earnings growth below the +25% minimum guideline (C criteria)."
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VEEV - NYSE - Computer Sftwr-Medical Veeva Systems Inc Cl A	$261.55	-19.63 -6.98%	$280.46	$298.76	-12.46%	736,879 88.14%	836,000
Most Recent Note for VEEV - 9/4/2020 12:37:44 PM Very extended from any sound base, abruptly retreating from its all-time high with today's 2nd consecutive loss marked by above average volume. The 9/01/20 mid-day report last cautioned members - "Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Reported earnings +31% on +33% sales revenues for the Jul '20 quarter versus the year ago period. Three of the past 4 quarterly comparisons were above the +25% minimum earnings guideline (C criteria)."
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VIRT - NASDAQ - Financial Svcs-Specialty Virtu Financial Inc	$26.69	+0.37 1.41%	$27.48	$27.17	-1.77%	1,142,680 75.28%	1,518,000
Most Recent Note for VIRT - 9/4/2020 12:39:36 PM Tested support at its 50 DMA line ($24.83) over the past week and today it hit another new 52-week high with a 4th volume-driven gain in the span of 5 sessions. Prior mid-day reports noted - "Showed greatly improved sales revenues and earnings increases in the Mar and Jun '20 quarters versus the year ago periods. 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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