Mid-Day Breakouts Report - Monday, November 6th, 2023

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MIDDAY BREAKOUTS REPORT - MONDAY, NOVEMBER 6TH, 2023
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DOW 34012.04 -49.28 (-0.14%) | NASDAQ 13468.55 -9.73 (-0.07%) | S&P 500 4354.1 -4.24 (-0.10%)

Time of Screening : 11/6/2023 1:33:15 PM Report Released : 11/6/2023 2:22:49 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
ACGL - NASDAQ - INSURANCE - Property & Casualty Insurance Arch Capital Group Ltd	$85.07	-0.49 -0.57%	$85.95	$90.65	-6.16%	1,691,746 93.00%	1,819,000
Most Recent Note for ACGL - 11/6/2023 1:36:08 PM Retreating from a new all-time highs with today's 3rd consecutive loss. Bermuda-based Insurance firm reported earnings +725% on +40% sales revenues for the Sep '23 quarter versus the year ago period, its 4th strong quarter. Up and down annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines.
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CI - NYSE - Medical-Managed Care Cigna Corp	$305.29	-5.36 -1.72%	$315.34	$340.11	-10.24%	1,259,947 103.53%	1,217,000
Most Recent Note for CI - 11/6/2023 1:37:30 PM Reported Sep '23 quarterly earnings +12% on +8% sales revenues versus the year ago period adding to a streak of sub par quarterly comparisons. It was dropped from the Featured Stocks list on 11/16/22.
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FUTU - NASDAQ - Finance-Invest Bnk/Bkrs Futu Holdings Cl A Ads	$61.75	+3.03 5.16%	$63.25	$72.20	-14.47%	2,229,333 109.55%	2,035,000
Most Recent Note for FUTU - 11/6/2023 1:40:05 PM On track today for a 4th consecutive gain. Faces resistance due to overhead supply. 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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GNE - NYSE - Utility-Diversified Genie Energy Ltd Cl B	$23.58	+3.29 16.21%	$23.61	$22.50	4.80%	247,371 229.05%	108,000
Most Recent Note for GNE - 11/6/2023 1:43:04 PM Very extended from any sound base, it found prompt support at its 50 DMA line and rallied to new 52-week highs with a noted streak of volume-driven gains. Reported strong Sep '23 quarterly results. Fundamental concerns remain.
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ICFI - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services I C F International Inc	$127.07	+1.59 1.26%	$127.69	$136.82	-7.13%	64,462 83.72%	77,000
Most Recent Note for ICFI - 11/6/2023 1:43:50 PM Reported earnings +12% on +7% sales revenues for the Sep '23 quarter versus the year-ago period. Prior quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria) and its sales revenues growth rate was lackluster.
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INFA - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Informatica Corp	$22.19	-1.29 -5.49%	$23.38	$23.48	-5.49%	740,692 208.06%	356,000
Most Recent Note for INFA - 11/6/2023 1:45:16 PM Pulling back today following 2 considerable volume-driven gains hitting new 52-week highs. The 11/03/23 mid-day report noted - "Faces resistance due to old overhead supply. Reported Sep '23 quarterly earnings +50% on +10% sales revenues versus the year-ago period. Prior quarterly comparisons were subpar and fundamental concerns remain."
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LINC - NASDAQ - DIVERSIFIED SERVICES - Education &; Training Services Lincoln Educational Svcs	$9.45	+0.72 8.25%	$9.99	$9.99	-5.41%	87,940 122.14%	72,000
Most Recent Note for LINC - 11/6/2023 1:49:32 PM Gapped up today hitting a new 52-week high with a considerable volume-driven gain. Prior mid-day reports noted - "Sales revenues growth rate has been subpar. Quarterly earnings comparisons have not been strong and steady above the +25% minimum guideline (C criteria) and its annual earnings (A criteria) history is also below guidelines."
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LOPE - NASDAQ - DIVERSIFIED SERVICES - Education &; Training Services Grand Canyon Education	$134.88	-2.19 -1.60%	$137.21	$139.15	-3.07%	179,478 79.42%	226,000
Most Recent Note for LOPE - 11/6/2023 1:52:11 PM Perched at new 52-week and all-time highs today afetr 3 consecutive volume-driven gains. Reported earnings +24% on +6% sales revenues for the Sep '23 quarter versus the year-ago period. Prior quarterly comparisons were well below the +25% minimum guideline (C criteria) of the fact-based investment system.
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MSI - NYSE - TELECOMMUNICATIONS - Communication Equipment Motorola Solutions Inc	$302.85	+3.43 1.15%	$303.96	$303.52	-0.22%	564,374 92.98%	607,000
Most Recent Note for MSI - 11/6/2023 1:56:33 PM Hitting new all-time highs with today's 6th consecutiev gain backed by ever-increasing volume. Reported earnings +8% on +8% sales revenues for the Sep '23 quarter versus the year-ago period, breaking a streak of 4 strong quarterly above the +25% minimum earnings guideline (C criteria). Steady annual earnings history (A criteria) included a slight downturn in FY '20, and consensus estimates are for a downturn in FY '23.
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PANW - NYSE - Computer Sftwr-Security Palo Alto Networks	$235.85	-7.68 -3.15%	$247.29	$265.90	-11.30%	2,604,552 92.82%	2,806,000
Most Recent Note for PANW - 11/6/2023 1:58:45 PM Violating its 50 DMA line with today's 2nd consecutive volume-driven loss. Recently undercut prior highs in the $254 area and it was noted with caution in the 11/03/23 mid-day report - "Fundamentals remain strong after it reported Jul '23 quarterly earnings +80% on +26% sales revenues versus the year-ago period. It showed resilience since dropped from the Featured Stocks list on 8/09/23."
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PHG - NYSE - CONSUMER DURABLES - Electronic Equipment Koninklijke Philips ADR	$20.09	-0.47 -2.26%	$20.20	$23.30	-13.80%	984,299 81.82%	1,203,000
Most Recent Note for PHG - 11/6/2023 2:00:18 PM Reported earnings +48% on +12% sales revenues for the Sep '23 quarter versus the year-ago period, its 3rd strong quarter. Its 50 DMA line ($20.10) recently acted as resistance in recent weeks. Noted with caution in prior mid-day reports - "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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PNNT - NASDAQ - Finance-Investment Mgmt Pennantpark Investment	$6.50	+0.02 0.23%	$6.52	$7.07	-8.13%	282,810 85.18%	332,000
Most Recent Note for PNNT - 11/6/2023 2:04:02 PM Rebounded above its 50 DMA line ($6.41) which acted as resistance in recent weeks. Prior mid-day reports repeatedly noted - "Faces resistance due to overhead supply up to the $8 level. Reported strong Mar and Jun '23 quarterly results 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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RACE - NYSE - Auto Manufacturers Ferrari NV	$332.27	+0.86 0.26%	$336.90	$333.65	-0.41%	273,363 83.85%	326,000
Most Recent Note for RACE - 11/6/2023 2:11:08 PM Up for a 7th consecutive volume-driven gain today hitting a new all-time high. Found recent support above its 200 DMA line. Reported Sep '23 quarterly earnings +60% on +33% sales revenues versus the year ago period, its 2nd quarterly comparison well above the +25% minimum earnings guideline (C criteria). Its annual earnings (A criteria) history has been strong after a downturn in FY '20.
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RWAY - NASDAQ - Finance-Commercial Loans Runway Growth Finance	$12.91	+0.09 0.66%	$13.04	$13.91	-7.23%	106,156 107.23%	99,000
Most Recent Note for RWAY - 11/6/2023 2:18:55 PM Rebounded above its 50 and 200 DMA lines with 6 consecutive gains. Due to report Sep '23 quarterly results. Prior mid-day reports noted - "Met stubborn resistance in the $14 area in recent years. Reported strong Sep, Dec '22, Mar and Jun '23 quarterly results above the +25% minimum earnings guideline (C criteria) versus the year-ago periods. This VC firm has a limited history since its 10/21/21 IPO at $14.63."
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STRL - NASDAQ - MATERIALS &; CONSTRUCTION - Heavy Construction Sterling Construction Co	$74.25	-1.72 -2.26%	$76.20	$84.00	-11.61%	282,434 78.24%	361,000
Most Recent Note for STRL - 11/6/2023 2:21:18 PM Slumping back below its 50 DMA line ($74.87) with today's loss following 5 consecutive gains. Faces some resistance due to overhead supply up to the $84 level. Fundamentals remain strong. It was dropped from the Featured Stocks list on 10/03/23.
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VRTX - NASDAQ - Medical-Biomed/Biotech Vertex Pharmaceuticals	$386.03	+9.83 2.61%	$386.61	$385.00	0.27%	850,911 83.42%	1,020,000
Most Recent Note for VRTX - 11/6/2023 2:22:43 PM Faces no resistance due to overhead supply and wedging to new all-time highs. Due to report Sep '23 quarterly results. Reported Jun '23 quarterly earnings +8% on +14% sales revenues versus the year-ago period. Three of the 4 latest quarterly comparisons were well below the +25% minimum earnings guideline (C criteria).
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