Mid-Day Breakouts Report - Thursday, November 16th, 2023

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MIDDAY BREAKOUTS REPORT - THURSDAY, NOVEMBER 16TH, 2023
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DOW 34846.56 -144.65 (-0.41%) | NASDAQ 14051.93 -51.91 (-0.37%) | S&P 500 4491.97 -10.91 (-0.24%)

Time of Screening : 11/16/2023 12:06:40 PM Report Released : 11/16/2023 12:51:43 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 65% 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
PANW - NYSE Palo Alto Networks	$237.97	-18.21 -7.11%	$243.76	9,085,008 291.84% of 50 DAV 50 DAV is 3,113,000	$265.90 -10.50%	11/13/2023	$255.90	PP = $266.00 MB = $279.30
Most Recent Note - 11/16/2023 12:43:27 PM Y - Gapped down undercutting its 50 DMA line ($244.62) yet rebounded from the earlier low after testing the prior low ($233.81 on 11/06/23). Reporting Oct '23 quarterly earnings +66% on +20% sales revenues versus the year-ago period. There was a "negative reversal" on the prior session after challenging its 52-week high. Volume and volatility often increase near earnings news. >>> The latest Featured Stock Update with an annotated graph appeared on 11/13/2023. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
BBVA - NYSE - BANKING - Foreign Regional Banks Banco Bilbao Viz Arg Adr	$8.81	-0.03 -0.34%	$8.89	$8.96	-1.67%	1,423,434 131.43%	1,083,000
Most Recent Note for BBVA - 11/16/2023 12:11:30 PM Extended from any sound base and perched at its 52-week high, consolidating after an 11/14/23 gap up gain. Reported Sep '23 quarterly earnings +27% on +31% sales revenues versus the year-ago period, its 3rd consecutive quarterly comparison above the +25% minimum earnings guideline. This Spanish banking firm's annual earnings growth has been strong after a downturn in FY '20.
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BFST - NASDAQ - Financial Svcs-Specialty Business First Bancshares Inc	$21.24	-0.24 -1.12%	$21.39	$24.23	-12.34%	60,394 107.85%	56,000
Most Recent Note for BFST - 11/16/2023 12:12:37 PM Reported Sep '23 quarterly earnings -1% on +6% sales revenues versus the year ago period and prior quarterly comparisons were well below the +25% minimum earnings guideline (C criteria).
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COST - NASDAQ - RETAIL - Discount, Variety Stores Costco Wholesale Corp	$583.90	-12.88 -2.16%	$586.59	$599.89	-2.67%	1,348,650 76.15%	1,771,000
Most Recent Note for COST - 11/16/2023 12:14:18 PM Gapped down today for a loss following 4 consecutive volume-driven gains for new 52-week highs. Fundamental concerns remain. Reported earnings +16% on +9% sales revenues for the Sep '23 quarter versus the year ago period. Prior quarterly earnings comparisons were not strong and steady above the +25% minimum guideline (C criteria).
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DBX - NASDAQ - Computer Sftwr-Database Dropbox Inc Cl A	$26.28	-1.27 -4.59%	$27.18	$28.68	-8.39%	1,912,714 71.74%	2,666,000
Most Recent Note for DBX - 11/16/2023 12:16:13 PM Violating its 50 DMA line with today's gap down and big volume-driven loss after meeting stubborn resistance in the $28 area. Last noted with caution in the 11/03/23 mid-day report - "Reported Sep '23 quarterly earnings +30% on +7% sales revenues versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum (C criteria)."
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ELTK - NASDAQ - ELECTRONICS - Printed Circuit Boards Eltek Ltd	$11.48	-0.52 -4.33%	$12.90	$12.38	-7.27%	97,878 227.62%	43,000
Most Recent Note for ELTK - 11/16/2023 12:20:29 PM Israel-based maker of circuit boards reversed into the red after hitting another new 52-week high today. Reported Sep '23 quarterly earnings +112% on +15% sales revenues versus the year-ago period. Found support at its 50 DMA line ($9.63) while consolidating in recent weeks. Earnings increases in the 3 latest quarterly comparisons were above the +25% minimum guideline (C criteria) but fundamental concerns remain after a downturn in FY '22 earnings (A criteria).
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GRVY - NASDAQ - Computer Sftwr-Gaming Gravity Co Ltd Ads	$70.18	+0.97 1.40%	$70.50	$82.48	-14.91%	20,889 122.88%	17,000
Most Recent Note for GRVY - 11/16/2023 12:27:24 PM This Korean Computer Software firm is rebounding further above its 50 DMA line with today's 5th consecutive volume-driven gain. Faces resistance due to overhead supply up to the $82 level. Reported very strong Dec '22, Mar, Jun, and Sep '23 results versus the year-ago periods.
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HMY - NYSE - METALS & MINING - Gold Harmony Gold Mng Co Adr	$5.44	+0.07 1.30%	$5.60	$5.47	-0.55%	3,384,852 76.37%	4,432,000
Most Recent Note for HMY - 11/16/2023 12:30:40 PM Gapped up on 11/14/23 and today's gain has it hitting new multi-year highs. Quarterly and annual earnings history (C and A criteria) and sales revenues growth is not a match with the fact-based investment system's fundamental guidelines.
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IDCC - NASDAQ - TELECOMMUNICATIONS - Wireless Communications Interdigital Inc	$94.45	-0.48 -0.50%	$95.18	$98.69	-4.30%	243,345 90.13%	270,000
Most Recent Note for IDCC - 11/16/2023 12:35:30 PM Rebounding toward multi-year highs with today's 12th gain in the span of 13 sessions. Reported strong Sep '23 quarterly results. Prior quarterly sales revenues and earnings (C criteria) history has been erratic with subpar Jun '23 results leaving concerns, fundamentally.
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IGIC - NASDAQ - INSURANCE - Property & Casualty Insurance International Gen Ins Hld	$12.05	+0.01 0.08%	$12.43	$12.29	-1.95%	45,165 66.42%	68,000
Most Recent Note for IGIC - 11/16/2023 12:37:11 PM Reversed into the red today after hitting another new 52-week high following a big volume-driven gain when noted with caution in the prior mid-day report - "Reported Sep '23 quarterly earnings -48% on -1% sales revenues versus the year-ago period. Fundamental concerns remain for this Jordan-based specialty Insurance firm."
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MMC - NYSE - INSURANCE - Insurance Brokers Marsh & Mclennan	$198.93	+3.45 1.76%	$199.44	$201.00	-1.03%	1,092,963 72.00%	1,518,000
Most Recent Note for MMC - 11/16/2023 12:38:53 PM Rebounding today following 2 volume-driven losses, perched near its all-time high. Reported Sep '23 quarterly earnings +33% on +13% sales revenues versus the year ago period. Prior earnings growth was below the +25% minimum guideline (C criteria) in quarterly comparisons.
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NTES - NASDAQ - INTERNET - Internet Information Providers Netease Inc Adr	$112.29	-2.79 -2.42%	$114.72	$116.33	-3.47%	1,530,789 172.58%	887,000
Most Recent Note for NTES - 11/16/2023 12:41:15 PM Pulling back from its 52-week high with today's volume-driven loss. Reported Sep '23 quarterly earnings +14% on +9% sales revenues versus the year-ago period and fundamental concerns remain. Prior mid-day reports cautioned members - "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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PNNT - NASDAQ - Finance-Investment Mgmt Pennantpark Investment	$6.58	+0.03 0.50%	$6.63	$7.07	-6.89%	235,877 67.98%	347,000
Most Recent Note for PNNT - 11/16/2023 12:44:48 PM Reported Sep '23 quarterly earnings +71% on +18% sales revenues versus the year-ago period, its 3rd strong quarterly comparison. 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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TJX - NYSE - RETAIL - Discount, Variety Stores T J X Cos Inc	$87.86	-1.57 -1.76%	$89.69	$93.78	-6.31%	3,305,349 65.70%	5,031,000
Most Recent Note for TJX - 11/16/2023 12:46:52 PM Gapped down on the prior session and falling further below its 50 DMA line ($89.729) with today's volume-driven loss testing prior lows in the $86 area. Reported Oct '23 quarterly earnings +20% on +9% sales revenues versus the year ago period. Prior quarterly earnings history has not been strong and steady above the fact-based investment system's +25% minimum guideline (C criteria).
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TME - NYSE - INTERNET - Content Tencent Music Entertainment Group ADS	$8.39	+0.14 1.64%	$8.57	$9.29	-9.74%	7,008,627 95.29%	7,355,000
Most Recent Note for TME - 11/16/2023 12:47:35 PM Challenging prior highs with above average volume behind today's big 4th consecutive gain. Fundamental concerns remain. Reported Sep '23 quarterly earnings +1% on -13% sales revenues versus the year-ago period. Went through a deep and choppy consolidation since noted with caution on 3/23/21 when hitting a new all-time high. Completed its $13 IPO on 12/12/18.
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TRI - NYSE - Comml Svcs-Market Rsrch Thomson Reuters Corp	$135.77	+2.38 1.78%	$136.14	$138.85	-2.22%	316,267 95.84%	330,000
Most Recent Note for TRI - 11/16/2023 12:50:14 PM Approaching prior highs in the $138 area with today's volume-driven gain adding to a recent spurt, making steady progress from well below its 50 and DMA lines in late October. Reported Sep '23 quarterly earnings +41% on +1% sales revenues versus the year-ago period. Prior quarters showed earnings increases near or above the +25% minimum guideline (C criteria) but subpar sales revenues growth remains a cause for concern. Annual earnings (A criteria) growth has been improving after a downturn in FY '17 and '18.
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VRTX - NASDAQ - Medical-Biomed/Biotech Vertex Pharmaceuticals	$346.40	-2.94 -0.84%	$352.06	$387.42	-10.59%	942,009 81.21%	1,160,000
Most Recent Note for VRTX - 11/16/2023 12:51:38 PM Pulled back from its all-time high and violated its 50 DMA line with 3 damaging volume-driven losses testing prior lows in the $340 area. Prior mid-day reports cautioned members - "Reported Sep '23 quarterly earnings +2% on +6% sales revenues versus the year-ago period, its 3rd quarterly comparison well below the +25% minimum earnings guideline (C criteria)."
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