Mid-Day Breakouts Report - Wednesday, October 11th, 2023

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, OCTOBER 11TH, 2023
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DOW 33694.53 -42.83 (-0.13%) | NASDAQ 13599.21 36.36 (0.27%) | S&P 500 4357.28 -0.96 (-0.02%)

Time of Screening : 10/11/2023 12:19:27 PM Report Released : 10/11/2023 12:53:12 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
ANET - NYSE Arista Networks, Inc	$188.41	-6.32 -3.25%	$194.44	1,450,640 64.30% of 50 DAV 50 DAV is 2,256,000	$198.70 -5.18%	10/6/2023	$188.84	PP = $198.80 MB = $208.74
Most Recent Note - 10/11/2023 12:22:19 PM Y - Abruptly pulling back today following a "negative reversal" on the prior session, slumping near its 50 DMA line ($185.27) after challenging its 52-week high. Color code was changed to yellow with new pivot point cited based on its 9/01/23 high plus 10 cents. Fundamentals remain strong. Subsequent gains above the pivot point backed by at least +40% above average volume are needed to trigger a new technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 9/29/2023. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ATVI - NASDAQ - COMPUTER SOFTWARE & SERVICES - Multimedia & Graphics Software Activision Blizzard Inc	$94.48	+0.14 0.15%	$94.54	$94.49	-0.01%	5,782,947 85.76%	6,743,000
Most Recent Note for ATVI - 10/11/2023 12:25:02 PM Fundamental concerns remain. Reported earnings +90% on +34% sales revenues for the Jun '23 quarter versus the year ago period, its 2nd strong quarterly comparison. Prior quarterly and annual earnings (C and A criteria) history are not a match with the fact-based investment system's guidelines.
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BBVA - NYSE - BANKING - Foreign Regional Banks Banco Bilbao Viz Arg Adr	$8.23	+0.14 1.67%	$8.28	$8.19	0.43%	796,352 71.61%	1,112,000
Most Recent Note for BBVA - 10/11/2023 12:25:38 PM Hitting a new 52-week high today after consolidating near its 50 DMA line. Noted with caution in prior mid-day reports - "Reported strong Mar and Jun '23 quarterly results versus the year-ago periods, but fundamental concerns remain for this Spanish banking firm."
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BG - NYSE - CHEMICALS - Agricultural Chemicals Bunge Ltd	$101.41	-3.08 -2.95%	$105.32	$116.59	-13.02%	728,294 63.00%	1,156,000
Most Recent Note for BG - 10/11/2023 12:28:09 PM Slumping near its 200 DMA line with today's big loss. Reported Jun '22 quarterly earnings +25% on -16% sales revenues versus the year ago period. Prior quarterly comparisons were below the year-ago periods and well below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) has been strong after a downturn in FY '16 and '17. The Agricultural Operations industry group is currently ranked 136th on the 197 Industry Groups list.
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BGC - NYSE - MANUFACTURING - Industrial Electrical Equipmen General Cable Corp	$6.04	-0.03 -0.49%	$6.12	$6.10	-0.98%	1,442,430 65.06%	2,217,000
Most Recent Note for BGC - 10/11/2023 12:29:08 PM Holding its ground today following 5 consecutive gains hitting new 52-week highs. Fundamental concerns remain.
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BSX - NYSE - HEALTH SERVICES - Medical Instruments & Supplies Boston Scientific Corp	$51.39	-2.42 -4.49%	$53.78	$55.38	-7.21%	9,956,803 127.41%	7,815,000
Most Recent Note for BSX - 10/11/2023 12:30:55 PM Retreating from near its all-time high and testing its 200 DMA line ($50.56). Reported Jun '23 quarterly earnings +20% on +11% sales revenues versus the year ago period. Prior quarterly earnings increases also were below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) had a big downturn in FY '20.
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CRH - NYSE - Bldg-Cement/Concrt/Ag C R H Plc Adr	$58.31	+0.81 1.41%	$58.47	$60.00	-2.82%	1,071,375 62.99%	1,701,000
Most Recent Note for CRH - 10/11/2023 12:32:01 PM Rebounded above its 50 DMA line ($56.22) and on track today for a 6th consecutive volume-driven gain approaching its 52-week and all-time highs. Irish Building - Cement firm has an erratic earnings (C and A criteria) history. Fundamental concerns remain.
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ELTK - NASDAQ - ELECTRONICS - Printed Circuit Boards Eltek Ltd	$10.08	-1.27 -11.18%	$11.35	$11.49	-12.26%	74,551 248.50%	30,000
Most Recent Note for ELTK - 10/11/2023 12:33:55 PM Abruptly retreating today after 3 consecutive volume-driven gains for a new high on the prior session. The 10/09/23 mid-day repor6t cautioned members - "Showed stronger earnings increases in the Mar and Jun '23 quarterly comparisons but fundamental concerns remain."
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FUTU - NASDAQ - Finance-Invest Bnk/Bkrs Futu Holdings Cl A Ads	$63.74	+0.98 1.56%	$67.49	$72.20	-11.72%	4,011,026 192.65%	2,082,000
Most Recent Note for FUTU - 10/11/2023 12:34:48 PM On track today for a 4th consecutive volume-driven gain. Faces resistance due to overhead supply up to the $181 level. Reported Jun '23 quarterly earnings +78% on +42% sales revenues versus the ear ago period, continuing its streak of strong quarterly comparisons (C criteria) well above the +25% minimum. Annual earnings (A criteria) growth has been strong. China-based Financial firm completed a new Public Offering on 8/18/20. Completed its $12 IPO on 3/08/19.
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GLRE - NASDAQ - INSURANCE - Property &; Casualty Insurance Greenlight Capital Re	$11.14	+0.02 0.18%	$11.22	$11.72	-4.95%	63,196 74.35%	85,000
Most Recent Note for GLRE - 10/11/2023 12:35:20 PM Found support near its 50 DMA line ($11.07) in recent weeks and it is perched within striking distance of its 52-week high. Noted with caution in prior mid-day reports - "It found support near its 50 DMA line in recent weeks. Erratic quarterly and annual earnings (C and A criteria) history is a concern, however the Mar and Jun '23 quarters showed strong sales and earnings increases over the year-ago periods."
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GNE - NYSE - Utility-Diversified Genie Energy Ltd Cl B	$18.04	+0.55 3.14%	$18.18	$17.66	2.15%	52,907 60.81%	87,000
Most Recent Note for GNE - 10/11/2023 12:36:53 PM Found prompt support at its 50 DMA line ($15.18) and rallied to new 52-week highs with 7 consecutive volume-driven gains. Reported Jun '23 quarterly earnings +73% on +40% sales revenues versus the year-ago period. Fundamental concerns remain.
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IHG - NYSE - LEISURE - Lodging Intercontinental Hotels	$75.20	+0.03 0.04%	$75.84	$79.41	-5.30%	112,461 63.54%	177,000
Most Recent Note for IHG - 10/11/2023 12:38:01 PM Sputtering below its 50 DMA line ($75.82) which has acted as resistance following recent volume-driven losses. Reported earnings +50% on +24% sales revenues for the quarter ended June 30th, 2023 versus the year ago period and prior quarterly comparisons were well above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) included a big downturn in FY '20.
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JBL - NYSE - ELECTRONICS - Printed Circuit Boards Jabil Circuit Inc	$137.89	+3.56 2.65%	$139.17	$136.25	1.20%	1,125,518 74.44%	1,512,000
Most Recent Note for JBL - 10/11/2023 12:40:32 PM Hitting a new 52-week high with today's 4th consecutive volume-driven gain, stubbornly holding its ground and making steady progress since a noted gap up on 9/28/23 rebounding above its 50 DMA line. Reported Aug '23 quarterly earnings +5% on -6% sales revenues versus the year ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been strong after a small downturn in FY '20.
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KTOS - NASDAQ - DIVERSIFIED SERVICES - Technical Services Kratos Def & Sec Sol Inc	$17.63	+0.37 2.15%	$17.73	$17.50	0.75%	633,593 68.50%	925,000
Most Recent Note for KTOS - 10/11/2023 12:41:21 PM Up today for 6th consecutive volume-driven gain, rebounding above its 50 DMA line ($15.38) and hitting a new 52-week high. Noted in prior mid-day reports - "Reported Jun '23 quarterly earnings +29% on +15% sales revenues versus the year-ago period, its 2nd strong quarter. Prior quarterly earnings increases were below the +25% minimum guideline (C criteria)."
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LLY - NYSE - Medical-Diversified Lilly Eli & Co	$600.46	+21.15 3.65%	$605.54	$601.84	-0.23%	2,548,363 83.36%	3,057,000
Most Recent Note for LLY - 10/11/2023 12:42:37 PM Found prompt support near its 50 DMA line ($547) and rebounded to hit a new all-time high with today's 6th consecutive gain. Noted with caution in prior mid-day reports - "Reported Jun '23 quarterly earnings +69% on +28% versus the year-ago period. Fundamental concerns remain. Prior quarterly comparisons were well below the +25% minimum earnings guideline (C criteria) of the fact-based investment system. It was dropped from the Featured Stocks list on 8/11/22."
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NTES - NASDAQ - INTERNET - Internet Information Providers Netease Inc Adr	$109.14	+2.72 2.56%	$109.88	$110.82	-1.52%	600,455 69.34%	866,000
Most Recent Note for NTES - 10/11/2023 12:45:14 PM Gapped up today for a 6th consecutive gain, rebounding further above its 50 DMA line ($102) toward prior highs. Reported Jun '23 quarterly earnings +57% on -4% sales revenues versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum guideline (C criteria). Annual earnings history has been up and down, a flaw concerning the A criteria of the fact-based investment system. It was dropped from the Featured Stocks list on 8/15/17.
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NVO - NYSE - DRUGS - Drug Manufacturers - Other Novo Nordisk A/S Adr	$97.83	+4.82 5.18%	$98.20	$100.88	-3.03%	6,353,014 148.61%	4,275,000
Most Recent Note for NVO - 10/11/2023 12:46:51 PM This Denmark-based Medical - Ethical Drugs firm gapped up today challenging its all-time high. Found suport after briefly undercutting its 50 DMA line when noted with caution in the 10/03/23 mid-day report - "Shares split 2-1 on 9/20/23. 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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NVS - NYSE - DRUGS - Drug Manufacturers - Major Novartis Ag Adr	$99.16	+0.69 0.70%	$99.51	$99.94	-0.78%	1,256,361 106.74%	1,177,000
Most Recent Note for NVS - 10/11/2023 12:47:54 PM Perched near its all-time high. Fundamental concerns remain for this Swiss Drug company.
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PGTI - NASDAQ - Bldg-Constr Prds/Misc P G T Inc	$31.61	-0.35 -1.08%	$32.36	$32.78	-3.58%	296,050 62.20%	476,000
Most Recent Note for PGTI - 10/11/2023 12:48:33 PM Gapped up on the prior session rebounding well above its 50 DMA line, hitting new 52-week and all-time highs. Reported earnings -13% on -5% sales revenues for the Jun '23 quarter versus the year-ago period. Noted with caution in prior mid-day reports - "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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PLPC - NASDAQ - MATERIALS & CONSTRUCTION - Heavy Construction Preformed Line Products	$158.21	-4.03 -2.48%	$165.00	$184.82	-14.40%	15,681 82.53%	19,000
Most Recent Note for PLPC - 10/11/2023 12:49:35 PM Its 50 DMA line ($164) has acted as resistance following volume-driven losses. Faces resistance due to overhead supply up to the $184 level. Through the Jun '23 quarter, its 3 latest quarterly comparisons versus the year-ago period had earnings per share up +25% or more (C criteria). Annual earnings had a downturn in FY '19.
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RACE - NYSE - Auto Manufacturers Ferrari NV	$308.90	+3.69 1.21%	$313.06	$329.88	-6.36%	183,483 68.98%	266,000
Most Recent Note for RACE - 10/11/2023 12:50:20 PM Rebounding above its 50 DMA line ($305) this week after finding recent support above its 200 DMA line. 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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SMCI - NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev Super Micro Computer Inc	$308.80	-1.51 -0.49%	$315.97	$357.00	-13.50%	1,943,285 57.58%	3,375,000
Most Recent Note for SMCI - 10/11/2023 12:51:11 PM Gapped up yesterday rebounding toward its all-time high with a 12th gain in the span of 13 sessions. Reported Jun '23 quarterly earnings +34% on +34% sales revenues versus the year-ago period, and 3 of the 4 lastest quarterly earnings increases were well above the +25% minimum guideline (C criteria). Its annual earnings history (A criteria) had a downturn in FY '21.
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STLA - NYSE - Auto Manufacturers Stallantis NV	$20.11	+0.53 2.68%	$20.42	$20.71	-2.92%	5,124,448 75.87%	6,754,000
Most Recent Note for STLA - 10/11/2023 12:52:43 PM Consolidating above its 50 DMA line ($18.80) and challenging its 52-week high with today's gap up gain. Reported Mar and Jun '23 quarterly earnings +42% on +16% sales revenues versus the year ago periods. Faces little resistance due to overhead supply 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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VIPS - NYSE - Retail-Internet Vipshop Holdings Ltd Ads	$16.36	+0.07 0.40%	$16.57	$19.13	-14.51%	1,824,944 57.70%	3,163,000
Most Recent Note for VIPS - 10/11/2023 12:53:07 PM Consolidating above its 50 and 200 DMA lines after recently showing resilience. Reported earnings +62% on +5% sales revenues for the Jun '23 quarter versus the year-ago period. Prior quarterly comparisons also showed strong earnings increases above the +25% minimum guideline (C criteria) but with waning and subpar sales revenues growth remaining a concern, fundamentally. Went through a deep pullback from its $46 all-time high in Mar '21 following a considerable rally from its Mar '12 IPO at a split-adjusted $0.70 per share. Completed a Secondary offering on 3/11/14.
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