Mid-Day Breakouts Report - Wednesday, September 28th, 2022

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, SEPTEMBER 28TH, 2022
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DOW 29235.14 100.15 (0.34%) | NASDAQ 10829.5 26.58 (0.25%) | S&P 500 3647.29 -7.75 (-0.21%)

Time of Screening : 9/28/2022 12:10:37 PM Report Released : 9/28/2022 12:35:48 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 50% 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
ACGL - NASDAQ - INSURANCE - Property & Casualty Insurance Arch Capital Group Ltd	$44.48	+1.38 3.20%	$44.69	$50.73	-12.32%	1,084,276 87.80%	1,235,000
Most Recent Note for ACGL - 9/28/2022 12:12:09 PM Reported earnings +34% on -14% sales revenues for the Jun '22 quarter. Sub par sales revenues growth and its up and down annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines.
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ADP - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Automatic Data Processng	$230.43	+2.81 1.23%	$230.43	$261.59	-11.91%	1,015,314 62.64%	1,621,000
Most Recent Note for ADP - 9/28/2022 12:14:13 PM Consolidating above its 200 DMA line. Reported earnings +25% on +10% sales revenues for the Jun '22 quarter versus the year ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria).
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ATCO - NYSE - Finance-Investment Mgmt Atlas Corp	$13.99	-0.02 -0.11%	$14.15	$16.23	-13.83%	713,344 53.47%	1,334,000
Most Recent Note for ATCO - 9/28/2022 12:14:46 PM Consolidating since a gap up on 8/05/22 following M&A news.
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CALM - NASDAQ - FOOD & BEVERAGE - Farm Products Cal-Maine Foods Inc	$61.53	+1.00 1.65%	$62.64	$61.73	-0.32%	840,504 102.25%	822,000
Most Recent Note for CALM - 9/28/2022 12:19:44 PM Found support recently near its 50 DMA line ($55) and volume-driven gains have it perched near its all-time high. Noted in prior mid-day reports - "Reported strong Feb and May '22 quarterly results versus the year ago periods. Fundamental concerns remain due to erratic quarterly earnings and its up and down annual earnings (A criteria) history, not a match with the fact-based investment system's guidelines."
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FLNG - NYSE - Oil&Gas-Transprt/Pipelne Flex Lng Ltd	$31.90	+1.55 5.09%	$32.04	$36.99	-13.77%	461,383 91.18%	506,000
Most Recent Note for FLNG - 9/28/2022 12:21:31 PM Rebounding near its 50 DMA line ($32.73). 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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HUM - NYSE - HEALTH SERVICES - Health Care Plans Humana Inc	$486.27	-1.04 -0.21%	$488.60	$514.98	-5.57%	450,952 56.65%	796,000
Most Recent Note for HUM - 9/28/2022 12:22:24 PM Retreated from a new all-time high hit last week and it is consolidating near its 50 DMA line ($487.50). Reported Jun '22 quarterly earnings +26% on +15% sales revenues versus the year ago period. Noted with caution in prior mid-day reports - "Quarterly comparisons through Mar '22 were not strong and steady above the +25% minimum earnings guideline (C criteria) of the fact-based investment system. Annual earnings (A criteria) history has been strong."
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IBEX - NASDAQ - Computer- Tech Services Ibex Ltd	$17.81	+0.69 4.03%	$18.50	$20.69	-13.92%	44,012 169.28%	26,000
Most Recent Note for IBEX - 9/28/2022 12:24:02 PM Reported improved earnings in the Mar and Jun '22 quarters versus the year ago periods, but fundamental concerns remain. Limited history since its $19 IPO on 8/07/20.
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LLY - NYSE - Medical-Diversified Lilly Eli & Co	$337.34	+26.24 8.43%	$341.70	$335.33	0.60%	5,635,427 215.83%	2,611,000
Most Recent Note for LLY - 9/28/2022 12:25:15 PM Gapped up today and hit a new all-time high, recovering from below its 50 DMA line ($314) which has acted as resistance. Dropped from the Featured Stocks list on 8/11/22. Recently reported Jun '22 quarterly earnings -32% on -4% sales revenues versus the year ago period raising fundamental concerns.
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MVO - NYSE - ENERGY - Oil & Gas Drilling & Explorati M V Oil Trust	$12.45	+0.43 3.59%	$12.60	$14.37	-13.35%	45,912 66.54%	69,000
Most Recent Note for MVO - 9/28/2022 12:27:44 PM Rebounding with today's 2nd consecutive gain after an abrupt pullback below its 50 DMA line this week just after reaching 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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PCSB - NASDAQ - Banks-Northeast P C S B Financial Corp	$18.38	+0.01 0.05%	$18.54	$19.95	-7.87%	57,110 109.83%	52,000
Most Recent Note for PCSB - 9/28/2022 12:28:28 PM Sputtering below its 50 and 200 DMA lines in recent weeks since the noted 5/24/22 M&A news with Brookline Bancorp Inc (BRKL). Reported earnings +9% on +9% sales revenues for the Jun '22 quarter versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Fundamental concerns remain for this small NY-based Bank holding company.
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PGTI - NASDAQ - Bldg-Constr Prds/Misc P G T Inc	$20.27	+0.94 4.86%	$20.32	$23.36	-13.23%	214,235 51.01%	420,000
Most Recent Note for PGTI - 9/28/2022 12:29:10 PM Reported earnings +272% on +42% sales revenues for the Jun '22 quarter versus the year ago period, its 3rd strong quarterly comparison above the +25% minimum earnings guideline (C criteria). Fundamental concerns remain. Its annual earnings history included a downturn in FY '19, not a great match with the fact-based investment system's guidelines (A criteria). Completed a new Public Offering on 9/13/18.
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PLMR - NASDAQ - INSURANCE - Property & Casualty Insurance Palomar Holdings Inc	$84.72	+0.98 1.17%	$85.29	$97.18	-12.82%	70,879 50.27%	141,000
Most Recent Note for PLMR - 9/28/2022 12:29:28 PM Noted with caution in prior mid-day reports - "Through the Jun '22 quarter its quarterly and annual earnings (C and A criteria) history has been erratic. Completed its $15 IPO on 4/17/19, a Secondary Offering on 9/25/19, and new Public Offerings on 1/10/20 and 6/24/20."
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PNM - NYSE - Utility-Electric Power P N M Resources Inc	$46.52	+0.29 0.62%	$46.64	$50.11	-7.17%	317,311 61.97%	512,000
Most Recent Note for PNM - 9/28/2022 12:29:49 PM Fundamental concerns remain and it was noted with caution in prior mid-day reports - "Earnings history has been erratic for this Utility - Diversified holding firm in the electricity and natural gas distribution business."
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UNH - NYSE - HEALTH SERVICES - Health Care Plans Unitedhealth Group Inc	$507.48	-0.89 -0.18%	$509.66	$553.29	-8.28%	1,181,898 50.31%	2,349,000
Most Recent Note for UNH - 9/28/2022 12:31:14 PM Sputtering near its 200 DMA line ($503). Prior mid-day reports cautioned members that quarterly comparisons were erratic, not strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings growth has been strong and steady.
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WCN - NYSE - MATERIALS & CONSTRUCTION - Waste Management Waste Connections Inc	$138.63	+0.95 0.69%	$138.69	$148.20	-6.46%	901,954 104.76%	861,000
Most Recent Note for WCN - 9/28/2022 12:32:48 PM Finding support today after undercutting its 50 DMA line. Stalled and encountered distributional pressure after reaching a new all-time high. Noted with caution in prior mid-day reports - "Reported earnings +23% on +18% sales revenues for the quarter ended June 30, 2022 versus the year ago period. Prior quarterly comparisons have not shown strong and steady earnings increases above the +25% minimum guideline (C criteria). Annual earnings (A criteria) track record included a slight downturn in FY '20."
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WEC - NYSE - UTILITIES - Diversified Utilities Wisconsin Energy Corp	$95.35	+0.58 0.61%	$96.05	$108.39	-12.03%	823,774 71.08%	1,159,000
Most Recent Note for WEC - 9/28/2022 12:33:50 PM Slumped below its 200 DMA line with recent losses. Fundamental concerns remain as this Utility - Diversified firm's sales revenues and earnings history has been below guidelines of the fact-based system.
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WWE - NYSE - LEISURE - General Entertainment World Wrestling Entmnt	$68.61	+0.41 0.60%	$70.23	$75.23	-8.80%	375,174 56.93%	659,000
Most Recent Note for WWE - 9/28/2022 12:35:35 PM Sputtering near its 50 DMA line ($69.25). Made little progress after a noted gap up on 7/25/22. New CEO as of 6/17/22. Reported Jun '22 quarterly earnings +40% on +24% sales revenues versus the year ago period, its 3rd consecutive strong quarterly comparison. The prior 4 quarterly earnings comparisons were negative, down from the year ago periods. Annual earnings (A criteria) history had a downturn in FY '19.
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