Mid-Day Breakouts Report - Friday, September 16th, 2022

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MIDDAY BREAKOUTS REPORT - FRIDAY, SEPTEMBER 16TH, 2022
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DOW 30690.63 -271.19 (-0.88%) | NASDAQ 11380.32 -172.04 (-1.49%) | S&P 500 3854.57 -46.78 (-1.20%)

Time of Screening : 9/16/2022 12:14:37 PM Report Released : 9/16/2022 1:34:08 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

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
GPK - NYSE Graphic Packaging Hldg	$21.56	-1.16 -5.11%	$22.24	1,602,853 58.93% of 50 DAV 50 DAV is 2,720,000	$24.07 -10.43%	7/26/2022	$22.63	PP = $23.09 MB = $24.24
Most Recent Note - 9/16/2022 12:54:12 PM G - Gapped down today violating its 50 DMA line ($22.32) triggering a technical sell signal and its color code is changed to green. Stalled after wedging to a new 52-week high with gains lacking great volume conviction. Only a prompt rebound above its 50 DMA line would help its outlook improve. >>> The latest Featured Stock Update with an annotated graph appeared on 9/6/2022. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AAWW - NASDAQ - TRANSPORTATION - Air Services, Other Atlas Air Worldwide Hldg	$99.36	-0.63 -0.63%	$99.71	$101.62	-2.22%	649,701 58.69%	1,107,000
Most Recent Note for AAWW - 9/16/2022 12:15:48 PM Hovering near its all-time high following 8/01/22 M&A news. Reported Jun '22 quarterly earnings -18% on +19% sales revenues versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). There was a downturn in its FY '19 annual earnings (A criteria) history, not a match with the fact-based investment system's fundamental guidelines.
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ACT - NASDAQ - Finance-Mrtg&Rel Svc Enact Holdings Inc	$23.60	-0.01 -0.04%	$23.66	$27.68	-14.74%	104,230 58.89%	177,000
Most Recent Note for ACT - 9/16/2022 12:18:38 PM Slumped below its 50 DMA line ($24.45) on the prior session and even further with today's 4th consecutive loss. Prior mid-day reports cautioned members - "Quarterly comparisons through Jun '22 show waning sales revenues, not growth."
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BFA - NYSE - FOOD & BEVERAGE - Beverages - Wineries & Distill Brown Forman Corp Cla	$72.58	+0.28 0.39%	$72.73	$76.60	-5.25%	41,389 71.36%	58,000
Most Recent Note for BFA - 9/16/2022 12:19:45 PM Consolidating near its 50 DMA line ($72.14) following noted volume-driven gains. Reported Jul '22 quarterly earnings +30% on +11% sales revenues versus the year ago period. Fundamental concerns remain as prior quarterly and annual earnings (C and A criteria) are not a match with the fact-based investment system's guidelines.
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BWB - NASDAQ - Banks-Midwest Bridgewater Bancshares	$17.36	-0.10 -0.57%	$17.47	$20.05	-13.42%	35,220 90.31%	39,000
Most Recent Note for BWB - 9/16/2022 12:20:37 PM Recently consolidating above its 50 and 200 DMA lines. The past 2 quarterly earnings comparisons through Jun '22 were below the +25% minimum guideline (C criteria). Annual earnings had a downturn in FY '20.
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CAPL - NYSE - Oil&Gas-Refining/Mktg CrossAmerica Partners LP	$20.68	-0.13 -0.62%	$20.84	$23.29	-11.21%	21,100 62.06%	34,000
Most Recent Note for CAPL - 9/16/2022 12:21:28 PM Consolidating near its closely coinciding 50 and 200 DMA lines. Reported strong sales revenues and earnings increases in the 3 latest quarterly comparisons through Jun '22. Prior mid-day reports cautioned members - "Fundamental concerns remain."
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CBT - NYSE - CHEMICALS - Specialty Chemicals Cabot Corp	$67.80	-5.25 -7.18%	$71.91	$78.62	-13.77%	682,742 227.58%	300,000
Most Recent Note for CBT - 9/16/2022 12:22:53 PM Violating its 50 DMA line and testing its 200 DMA line with today's big loss. 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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CHE - NYSE - DIVERSIFIED SERVICES - Consumer Services Chemed Corporation	$479.57	-1.87 -0.39%	$486.72	$539.87	-11.17%	44,374 71.57%	62,000
Most Recent Note for CHE - 9/16/2022 12:24:51 PM Meeting resistance and lingering mostly below its 50 and 200 DMA lines since a big volume-driven loss when last noted with caution in the 7/28/22 mid-day report - "Reported earnings +5% on +0% sales revenues for the Jun '22 quarter. Sales revenues growth rate has been flat while prior quarterly earnings comparisons were also well below the +25% minimum guideline (C criteria). Annual earnings growth has been steady."
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CHRW - NASDAQ - TRANSPORTATION - Air Delivery & Freight Service C H Robinson Worldwide	$104.75	-2.98 -2.77%	$104.90	$121.23	-13.59%	1,267,977 107.36%	1,181,000
Most Recent Note for CHRW - 9/16/2022 12:27:02 PM Violated its 50 and 200 DMA lines during a streak of 5 consecutive losses. Stalled after wedging to new highs with gains in recent weeks lacking great volume conviction. Last noted with caution in the 9/06/22 mid-day report - "Reported earnings +85% on +23% sales revenues for the Jun '22 quarter versus the year ago period, its 7th strong comparison versus the year ago period. Annual earnings history had a downturn in FY '20, not a match with the strict fact-based investment system's fundamental guidelines (A criteria). Long ago featured in the 10/12/05 mid-day report and traded up as much as +72.44% before it was removed from the Featured Stocks list on 10/06/06."
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CTAS - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Cintas Corp	$401.03	+2.46 0.62%	$402.59	$461.44	-13.09%	249,705 62.12%	402,000
Most Recent Note for CTAS - 9/16/2022 12:29:44 PM Violated its 50 DMA line ($413) with this week's losses and testing support at its 200 DMA line ($401) today. Fundamental concerns remain after it reported earnings +14% on +13% sales revenues for the May '22 quarter versus the year ago period. Prior quarterly comparisons were also below the +25% minimum earnings (C criteria) guideline. Annual earnings (A criteria) have been strong and steady.
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CVX - NYSE - ENERGY - Major Integrated Oil & Gas Chevron Corp	$157.83	-2.79 -1.74%	$161.14	$182.40	-13.47%	5,342,821 63.70%	8,387,000
Most Recent Note for CVX - 9/16/2022 12:31:09 PM Consolidating above its 50 and 200 DMA lines. Recent quarterly comparisons through Jun '22 show strong sales and earnings increases well above the year ago periods. Last noted with caution in the 6/16/22 mid-day report - "Up and down annual earnings is a flaw with respect to the A criteria."
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EXC - NYSE - UTILITIES - Diversified Utilities Exelon Corp	$43.17	-0.07 -0.16%	$43.41	$50.71	-14.87%	3,568,098 58.89%	6,059,000
Most Recent Note for EXC - 9/16/2022 12:37:51 PM Slumping below its 200 DMA line ($44.04) this week. Completed a new Public Offering on 8/08/22. Prior mid-day reports noted - "Reported Jun '22 quarterly earnings +22% on +5% sales revenues versus the year ago period, and prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria)."
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FISV - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Fiserv Inc	$102.98	-1.60 -1.53%	$103.84	$111.84	-7.92%	2,008,469 58.97%	3,406,000
Most Recent Note for FISV - 9/16/2022 12:40:49 PM Reported earnings +14% on +10% sales revenues for the Jun '22 quarter versus the year ago period. Earnings growth in prior quarterly comparisons was not strong and steady above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been good. The number of top-rated funds owning its shares fell from 2,416 in Sep '21 to 2,358 in Jun '22, not a reassuring sign concerning the I criteria.
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FLNG - NYSE - Oil&Gas-Transprt/Pipelne Flex Lng Ltd	$32.03	-2.35 -6.83%	$32.71	$36.99	-13.40%	464,959 105.67%	440,000
Most Recent Note for FLNG - 9/16/2022 12:47:04 PM Gapped down today from near its 52-week high testing support near its 50 DMA line ($32.13). Reported Jun '22 quarterly earnings +246% on +28% sales revenues versus the year ago period. Reported Mar '22 quarterly earnings +19% on -8% sales revenues versus the year ago period, while prior quarterly comparisons had shown stronger sales and earnings increases. The big downturn in FY '20 annual earnings (A criteria) is a fundamental flaw with respect to the strict guidelines of the fact-based investment system.
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GEF - NYSE - Containers/Packaging Greif Inc Cl A	$62.97	-2.94 -4.46%	$65.06	$72.80	-13.50%	166,404 73.63%	226,000
Most Recent Note for GEF - 9/16/2022 12:51:25 PM Testing its 200 DMA line ($62.37) with today's 4th consecutive loss. Stalled after wedging up to touch a new 52-week high in August with gains lacking great volume conviction. Reported Jul '22 quarterly earnings +22% on +9% sales revenues versus the year ago period. Prior 4 quarterly comparisons were well above the +25% minimum guideline (C criteria). Annual earnings history (A criteria) had a downturn in FY '20, not a match with the fact-based investment system's strict fundamental guidelines.
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GWW - NYSE - WHOLESALE - Electronics Wholesale Grainger W W Inc	$526.03	-6.80 -1.28%	$531.77	$588.62	-10.63%	182,339 61.81%	295,000
Most Recent Note for GWW - 9/16/2022 12:56:52 PM Violated its 50 DMA line ($535.73) during this week's streak of 5 consecutive losses marked by volume. Reported earnings +68% on +20% sales revenues for the quarter ended June 30, 2022 versus the year ago period marking its 4th consecutive quarterly comparison above the minimum +25% earnings guideline (C criteria). The annual earnings history for this Retail/Wholesale Building Products firm has been up and down which raises concerns with respect to the A criteria of the fact-based investment system's guidelines.
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HUBB - NYSE - Electrical-Power/Equipmt Hubbell Inc	$217.55	-2.60 -1.18%	$218.86	$227.58	-4.41%	216,119 75.83%	285,000
Most Recent Note for HUBB - 9/16/2022 1:01:05 PM Pulled back this week after rallying to a new all-time high with 5 consecutive gains. Last noted with caution in the 8/24/22 mid-day report - "Reported strong Mar and Jun '22 quarterly earnings increases above the +25% minimum. Prior earnings history is below the fact-based system's guidelines (C and A criteria)."
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LNT - NYSE - UTILITIES - Diversified Utilities Alliant Energy Corp	$60.67	+0.44 0.73%	$60.83	$65.37	-7.19%	735,108 60.65%	1,212,000
Most Recent Note for LNT - 9/16/2022 1:01:54 PM Fundamental concerns remain. Reported Jun '22 quarterly earnings +9% on +15% sales revenues versus the year ago period. Prior quarterly and annual earnings and sales revenues history (C and A criteria) is below guidelines of the fact-based investment system.
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MVO - NYSE - ENERGY - Oil & Gas Drilling & Explorati M V Oil Trust	$13.10	-1.24 -8.65%	$14.22	$14.37	-8.84%	86,389 110.76%	78,000
Most Recent Note for MVO - 9/16/2022 1:03:58 PM Abruptly retreating with a big loss today after 6 consecutive gains to just reach a new all-time high. Prior mid-day reports noted - "Found support near its 200 DMA line in recent months. Recent quarterly comparisons through Jun '22 showed sales revenues and earnings greatly improving over the year ago periods. Erratic annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines."
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NEE - NYSE - UTILITIES - Electric Utilities Nextera Energy Inc	$85.51	-0.50 -0.58%	$85.99	$93.73	-8.77%	6,495,943 90.55%	7,174,000
Most Recent Note for NEE - 9/16/2022 1:05:24 PM Gapped down on the prior session testing its 50 DMA line ($85.69) and prior low. Noted with caution in prior mid-day reports - "This Utility - Electric firm is not a match with the fact-based investment system's fundamental guidelines (C criteria)."
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NRG - NYSE - UTILITIES - Electric Utilities N R G Energy Inc	$44.31	-0.55 -1.23%	$44.91	$47.82	-7.34%	1,615,901 60.82%	2,657,000
Most Recent Note for NRG - 9/16/2022 1:09:02 PM Perched within striking distance of its 52-week high again, having rebounded after a deep consolidation below its 200 DMA line since the 5/20/22 mid-day report last cautioned members - "Fundamental concerns remain due to its erratic earnings history."
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QRHC - NASDAQ - Pollution Control Quest Resource Holdings	$7.59	-0.02 -0.30%	$7.60	$8.80	-13.79%	96,520 169.33%	57,000
Most Recent Note for QRHC - 9/16/2022 1:10:48 PM Pulling back from its 52-week high with today's 4th consecutive volume-driven loss. Prior mid-day reports cautioned members - "Reported strong Jun '22 quarterly results versus the year ago period. Prior earnings history is not a match with the fact-based investment system's fundamental guidelines (C criteria)."
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RPM - NYSE - MATERIALS & CONSTRUCTION - General Building Materials R P M International Inc	$88.27	-2.77 -3.04%	$90.15	$101.48	-13.02%	325,206 63.89%	509,000
Most Recent Note for RPM - 9/16/2022 1:14:42 PM Retreating below its 50 DMA line and testing its 200 DMA line with today's volume-driven loss. Reported May '22 quarterly earnings +11% on +14% sales revenues versus the year ago period and fundamental concerns remain. Last noted with caution in the 10/08/20 mid-day report - "Quarterly and annual earnings history (C and A criteria) along with sub par sales revenues growth rate is not a match with the fact-based investment system's guidelines."
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RSG - NYSE - MATERIALS & CONSTRUCTION - Waste Management Republic Services Inc	$143.46	-2.21 -1.52%	$144.18	$149.17	-3.83%	672,585 70.43%	955,000
Most Recent Note for RSG - 9/16/2022 1:16:14 PM This waste collection firm is pulling back from its all-time high with today's 4th consecutive loss. Through the Jun '22 quarter it has not shown strong and steady quarterly earnings increases above the +25% minimum guideline (C criteria) and fundamental concerns remain.
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STOR - NYSE - Finance-Property REIT STORE Capital Corp	$31.98	-0.15 -0.45%	$32.08	$36.13	-11.50%	8,638,515 272.25%	3,173,000
Most Recent Note for STOR - 9/16/2022 1:19:08 PM Gapped up on the prior session following M&A news. Fundamental concerns remain. New CEO as of 4/15/21. Completed several new Public Offerings in 2015-2017 as this REIT rallied from its $19 IPO on 11/18/14.
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TGNA - NYSE - Media-Radio/Tv Tegna Inc	$21.56	+0.02 0.09%	$21.59	$23.04	-6.42%	532,633 58.15%	916,000
Most Recent Note for TGNA - 9/16/2022 1:20:08 PM Reported Jun '22 quarterly earnings +20% on +7% sales revenues versus the year ago period. Up and down annual earnings (A criteria) history is not a good match with the fact-based investment system's fundamental guidelines.
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TMUS - NYSE - Telecom Svcs-Wireless T-Mobile U.S. Inc	$139.39	-1.63 -1.16%	$139.54	$148.04	-5.84%	2,373,417 57.71%	4,113,000
Most Recent Note for TMUS - 9/16/2022 1:23:04 PM Slumped below its 50 DMA line ($141.71) this week with volume-driven losses. Faces little resistance due to overhead supply up to the $150 level after a 14-month cup-with-handle consolidation. Reported Jun '22 quarterly earnings +30% on -1% sales revenues versus the year ago period. Completed a new Public Offering on 6/25/20. Prior quarterly comparisons have not shown strong and steady earnings increases above the +25% minimum earnings guideline (C criteria) and sub par sales revenues growth is a concern. Annual earnings (A criteria) had a downturn in FY '20.
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UNH - NYSE - HEALTH SERVICES - Health Care Plans Unitedhealth Group Inc	$520.20	-2.71 -0.52%	$522.82	$553.29	-5.98%	1,422,792 58.45%	2,434,000
Most Recent Note for UNH - 9/16/2022 1:26:10 PM Sputtering below its 50 DMA line ($529.30) recently and churning higher volume this week. Volume totals had been cooling since the 7/15/22 mid-day report last cautioned members - "Reported earnings +3% on +14% sales revenues for the quarter ended March 31, 2022 versus the year ago period. Prior comparisons were erratic, not strong and steady above the +25% minimum guideline (C criteria). Annual earnings growth has been strong and steady."
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WCC - NYSE - WHOLESALE - Electronics Wholesale Wesco International Inc	$128.35	-4.50 -3.39%	$129.88	$147.05	-12.72%	293,472 66.70%	440,000
Most Recent Note for WCC - 9/16/2022 1:29:24 PM There was a "negative reversal" after touching a new all-time high on 9/12/22 and it is on track today for a 5th consecutive loss. Reported Jun '22 quarterly earnings +59% on +19% sales revenues versus the year ago period, continuing its strong earnings track record. Recently rebounded above its 50 and 200 DMA lines, wedging higher without great volume conviction after a deep pullback. Showed resilience since dropped from the Featured Stocks list on 6/16/22.
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WM - NYSE - BANKING - Savings & Loans Waste Management Inc	$169.97	-1.06 -0.62%	$170.30	$175.98	-3.42%	1,033,277 70.20%	1,472,000
Most Recent Note for WM - 9/16/2022 1:29:55 PM Still consolidating perched near its all-time high. The 9/02/22 mid-day report noted - "Quarterly comparisons through Jun '22 have not been strong and steady above the +25% minimum guideline (C criteria) and annual earnings (A criteria) had a downturn in FY '20."
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XOM - NYSE - ENERGY - Major Integrated Oil & Gas Exxon Mobil Corp	$93.11	-1.72 -1.82%	$95.34	$105.57	-11.80%	11,851,361 63.02%	18,807,000
Most Recent Note for XOM - 9/16/2022 1:33:46 PM Perched within striking distance of multi-year highs but pulling back today testing support at its 50 DMA line ($92.27). Noted with caution in prior mid-day reports - "Recent quarterly comparisons through Jun '22 showed strong sales revenues and earnings increases over the year ago periods. Annual earnings (A criteria) history has been erratic."
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