Mid-Day Breakouts Report - Thursday, September 7th, 2023

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MIDDAY BREAKOUTS REPORT - THURSDAY, SEPTEMBER 7TH, 2023
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DOW 34479.72 36.53 (0.11%) | NASDAQ 13703.75 -168.72 (-1.22%) | S&P 500 4445.66 -19.82 (-0.44%)

Time of Screening : 9/7/2023 12:07:34 PM Report Released : 9/7/2023 12:48:35 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 57.5% 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
AAPL - NASDAQ - COMPUTER HARDWARE - Personal Computers Apple Inc	$177.03	-5.89 -3.22%	$178.21	$198.23	-10.70%	64,534,106 119.83%	53,854,000
Most Recent Note for AAPL - 9/7/2023 12:15:11 PM Gapped down today after slumping back below its 50 DMA line ($186.50) on the prior session with a big volume-driven loss. The prior mid-day report cautioned members - "Quarterly comparisons through Jun '23 have been well below the +25% minimum earnings guideline (C criteria) of the fact-based investment system. On 8/31/20 a 4:1 share split impacted share price. The number of top-rated funds owning its shares rose from 4,946 in Jun '19 to 6,728 in Jun '23. 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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ACLS - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Axcelis Technologies Inc	$176.01	-15.03 -7.87%	$186.00	$201.00	-12.43%	293,588 59.43%	494,000
Most Recent Note for ACLS - 9/7/2023 12:17:02 PM Slumping back below its 50 DMA line ($179) with today's big loss. A rebound above the 50 DMA line is needed for its outlook to improve. It showed resilinece after dropped from the Featured Stocks list on 8/17/23. Fundamentals remain strong.
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BWMX - NASDAQ - Hsehold-Appliances/Wares Betterware de Mexico SAB	$16.99	-0.73 -4.12%	$17.56	$18.44	-7.86%	42,697 88.95%	48,000
Most Recent Note for BWMX - 9/7/2023 12:19:14 PM Perched near its 52-week high following volume-driven gains. Prior mid-day reports cautioned members - "Reported Jun '23 quarterly earnings +5% on +17% sales revenues versus the year ago period and fundamental concerns remain."
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CRH - NYSE - Bldg-Cement/Concrt/Ag C R H Plc Adr	$54.78	-0.33 -0.60%	$54.88	$60.72	-9.78%	2,811,318 161.38%	1,742,000
Most Recent Note for CRH - 9/7/2023 12:20:56 PM Recently broke below its 50 DMA line ($57.38) and on track today for a 4th consecutive volume-driven loss. Irish Building - Cement firm has an erratic earnings (C and A criteria) history. Fundamental concerns remain.
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HZNP - NASDAQ - Medical-Biomed/Biotech Horizon Pharma Inc	$115.45	-0.05 -0.04%	$115.55	$115.70	-0.22%	1,497,183 72.50%	2,065,000
Most Recent Note for HZNP - 9/7/2023 12:23:14 PM Reported earnings +12% on +8% sales revenues for the Jun '23 quarter versus the year ago period and fundamental concerns remain. Consolidating following M&A news. Up and down 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	$10.69	+0.04 0.38%	$10.81	$10.87	-1.66%	164,290 186.69%	88,000
Most Recent Note for IGIC - 9/7/2023 12:23:32 PM Perched at its 52-week high following volume-driven gains. Fundamental concerns remain for this Jordan-based specialty Insurance firm.
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LECO - NASDAQ - MANUFACTURING - Machine Tools & Accessories Lincoln Electric Hldgs	$180.23	-5.95 -3.19%	$187.10	$210.86	-14.53%	182,759 61.12%	299,000
Most Recent Note for LECO - 9/7/2023 12:25:59 PM Met resistance at its 50 DMA line ($194.85) when rebounding and slumped further this week. Quarterly comparisons have been below the +25% minimum earnings guideline (C criteria). The downward turn in FY '19 and '20 earnings was noted as a flaw concerning the annual earnings history (A criteria).
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MITK - NASDAQ - Comp Sftwr-Spec Enterprs Mitek System Inc	$12.74	-0.16 -1.24%	$13.18	$13.98	-8.87%	372,295 112.82%	330,000
Most Recent Note for MITK - 9/7/2023 12:28:27 PM Gapped up on the prior session for a big volume-driven gain hitting a new 52-week high. Prior mid-day reports noted - "Fundamental concerns remain. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been good following a small downturn in FY '18."
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MMP - NYSE - ENERGY - Oil & Gas Pipelines Magellan Midstream Ptnrs	$66.07	+0.94 1.44%	$66.22	$67.14	-1.60%	999,428 100.95%	990,000
Most Recent Note for MMP - 9/7/2023 12:31:09 PM Finding support near its 50 DMA line ($64.83)m with today's gain. This Master Limited Partnership in the Oil and Gas - Transportation/Pipeline industry reported +9% earnings on +11% sales revenues for the Jun '23 quarter versus the year-ago period, below the +25% minimum earnings guideline (C criteria) for the 3rd conbsecutive quarterly comparison. Annual earnings (A criteria) history has been lackluster.
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MNSO - NYSE - RETAIL - Discount, Variety Stores Miniso Group Hldg Cl A	$26.94	-0.23 -0.85%	$26.99	$28.37	-5.04%	929,155 76.85%	1,209,000
Most Recent Note for MNSO - 9/7/2023 12:32:29 PM China-based retailer is perched near its 52-week high, pulling back today following 4 consecutive volume-driven gains. Found support above its 50 DMA line during the recent consolidation. Reported Jun '23 quarterly earnings +131% on +30% sales revenues versus the year-ago period. Prior quarterly comparisons showed strong earnings increases. Annual earnings had a downturn in FY '20.
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NVO - NYSE - DRUGS - Drug Manufacturers - Other Novo Nordisk A/S Adr	$197.28	+6.03 3.15%	$197.41	$192.45	2.51%	1,753,914 110.38%	1,589,000
Most Recent Note for NVO - 9/7/2023 12:33:48 PM This Denmark-based Medical - Ethical Drugs firm is hitting a new all-time high with today's 4th consecutive volume-driven gain. Reported Jun '23 quarterly earnings +53% on +37% sales revenues versus the year-ago period, its 2nd strong quarter. Fundamental concerns remain. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria).
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ORCL - NYSE - COMPUTER SOFTWARE & SERVICES - Application Software Oracle Corp	$124.88	+0.55 0.44%	$125.96	$127.54	-2.09%	4,769,596 60.93%	7,828,000
Most Recent Note for ORCL - 9/7/2023 12:35:52 PM Found support near its 50 DMA line ($117.15) while rewcently consolidating near its all-time high. Prior mid-day reports noted - "It faces no resistance due to overhead supply. Reported May '23 quarterly earnings +8% on +17% sales revenues versus the year-ago period. Earnings increases have not been strong and steady above the +25% minimum guideline (C criteria) in quarterly comparisons versus the year-ago periods. Fundamental concerns remain."
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PHG - NYSE - CONSUMER DURABLES - Electronic Equipment Koninklijke Philips ADR	$21.34	-0.22 -1.00%	$21.40	$23.30	-8.43%	2,038,234 220.35%	925,000
Most Recent Note for PHG - 9/7/2023 12:37:02 PM Reported earnings +108% on +4% sales revenues for the Jun '23 quarter versus the year-ago period. Recently consolidating near its 50 DMA line ($21.62). Faces resistance due to considerable overhead supply up to the $37+ level. Fundamental concerns remain. Prior sales revenues and earnings history is below guidelines of the fact-based investment system.
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RACE - NYSE - Auto Manufacturers Ferrari NV	$299.36	-3.15 -1.04%	$299.76	$329.88	-9.25%	330,827 111.77%	296,000
Most Recent Note for RACE - 9/7/2023 12:38:17 PM On track today for a 6th consecutive loss. Encountered distributional pressure and slumped below its 50 DMA line and below the prior low ($301.75). Reported earnings +40% on +19% sales revenues 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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SAIC - NYSE - Comml Svcs-Consulting Science Applications Int	$111.24	-4.29 -3.71%	$116.79	$123.53	-9.95%	248,039 91.87%	270,000
Most Recent Note for SAIC - 9/7/2023 12:40:09 PM Slumping well below its 50 DMA line ($117) with today's 3rd consecutive volume-driven loss. Reported earnings +14% on +2% sales revenues for the Apr '23 quarter versus the year ago period. Prior quarterly earnings (C criteria) history is not a match with the fact-based investment system's guidelines.
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SNPS - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software Synopsys Inc	$453.52	-12.18 -2.61%	$468.01	$471.15	-3.74%	464,268 59.83%	776,000
Most Recent Note for SNPS - 9/7/2023 12:43:03 PM Rebounded above its 50 DMA line ($444) and recently wedged up touch a new all-time high with gains lacking great volume conviction. Reported Jul '23 quarterly earnings +37% on +19% sales revenues versus the year ago period, but the 4 prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). It went through a deep consolidation then rebounded impressively since dropped from the Featured Stocks list on 9/01/22.
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STLA - NYSE - Auto Manufacturers Stallantis NV	$18.16	+0.00 0.00%	$18.25	$20.71	-12.31%	3,135,088 58.70%	5,341,000
Most Recent Note for STLA - 9/7/2023 12:44:08 PM Sputtering below its 50 DMA line ($18.52) following a noted spurt of volume-driven losses. Reported Mar and Jun '23 quarterly earnings +42% on +16% sales revenues versus the year ago periods. Prior mid-day reports noted - "Faces resistance due to overhead supply up to the $22 level following a deep consolidation. Fundamental concerns remain due to subpar quarterly and annual (C and A criteria) earnings history through Dec '22."
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TIPT - NASDAQ - Financial Svcs-Specialty Tiptree Financial Cl A	$16.94	-0.20 -1.17%	$17.28	$18.00	-5.89%	45,471 69.96%	65,000
Most Recent Note for TIPT - 9/7/2023 12:45:39 PM Pulling back today for a 3rd consecutive loss. Faces no resistance due to overhead supply. Reported Jun '23 earnings +58% on +19% sales revenues versus the year ago period but fundamental concerns remain.
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TKC - NYSE - TELECOMMUNICATIONS - Wireless Communications Turkcell Ilet Hizme Adr	$5.43	+0.12 2.26%	$5.47	$5.56	-2.34%	393,539 84.63%	465,000
Most Recent Note for TKC - 9/7/2023 12:46:18 PM Perched near its 52-week high consoidating after noted volume-driven gains. This Turkish telecom firm has a subpar earnings history (C and A criteria).
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TRNS - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Transcat Inc	$112.86	-0.64 -0.56%	$114.02	$112.07	0.70%	22,631 75.44%	30,000
Most Recent Note for TRNS - 9/7/2023 12:48:06 PM Found support at its 200 DMA line in recent weeks and 2 noted volume-driven gains have it perched at new all-time high. Prior mid-day reports noted - "Reported earnings -4% on +11% sales revenues for the Jun '23 quarter versus the year ago period, its 5th quarterly comparison below the +25% minimum guideline (C criteria). Annual earnings (A criteria) growth has been up and down in recent years."
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YALA - NYSE - INTERNET - Content Yalla Group Ltd Ads	$4.98	-0.10 -1.97%	$5.07	$5.77	-13.69%	244,614 114.31%	214,000
Most Recent Note for YALA - 9/7/2023 12:48:30 PM Fundamental concerns remain for this United Arab Emirates-based social networking and entertainment firm.
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