Mid-Day Breakouts Report - Friday, November 17th, 2023

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MIDDAY BREAKOUTS REPORT - FRIDAY, NOVEMBER 17TH, 2023
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DOW 34902.87 -42.6 (-0.12%) | NASDAQ 14092.35 -21.33 (-0.15%) | S&P 500 4505.6 -2.64 (-0.06%)

Time of Screening : 11/17/2023 12:04:00 PM Report Released : 11/17/2023 12:55:06 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
PANW - NYSE Palo Alto Networks	$250.51	+8.21 3.39%	$251.79	3,676,197 108.54% of 50 DAV 50 DAV is 3,387,000	$265.90 -5.79%	11/13/2023	$255.90	PP = $266.00 MB = $279.30
Most Recent Note - 11/17/2023 12:41:46 PM Y - Promptly rebounding above its 50 DMA line ($244.67) with today's gain and fundamentals remain strong. Recovered quickly after testing the prior low ($233.81 on 11/06/23) on the pullback since reporting Oct '23 quarterly earnings +66% on +20% sales revenues versus the year-ago period. Members were reminded - "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
AFYA - NASDAQ - Consumer Svcs-Education Afya Limited Cl A	$19.07	+0.73 3.98%	$19.19	$18.91	0.85%	105,037 59.01%	178,000
Most Recent Note for AFYA - 11/17/2023 12:05:16 PM Hitting a new 52-week high with today's volume-driven gain adding to a recent spurt. Reported Sep '23 quarterly earnings +16% on +34% sales revenues versus the year ago period. Fundamental concerns remain.
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AMAT - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Applied Materials Inc	$146.46	-8.35 -5.39%	$148.64	$157.76	-7.16%	10,915,859 194.79%	5,604,000
Most Recent Note for AMAT - 11/17/2023 12:07:43 PM Gapped down toward its 50 DMA line with today's 2nd consecutive volume-driven loss. Reported earnings +4% on +0% sales revenues for the Oct '23 quarter, its 7th consecutive quarterly earnings comparison below the +25% minimum (C criteria). Annual earnings (A criteria) history included a downturn in FY '19. There is a large supply of 836.5 million shares outstanding (S criteria) and as of Sep '23 it is owned by 3,889 top-rated mutual funds (I criteria).
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BBVA - NYSE - BANKING - Foreign Regional Banks Banco Bilbao Viz Arg Adr	$8.96	+0.09 1.01%	$8.99	$8.96	0.00%	1,119,126 98.95%	1,131,000
Most Recent Note for BBVA - 11/17/2023 12:11:39 PM Extended from any sound base and perched at its 52-week high, stubbornly holding its ground 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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COKE - NASDAQ - FOOD & BEVERAGE - Beverages - Soft Drinks Coca Cola Btlg Consol	$704.00	+7.50 1.08%	$704.00	$745.53	-5.57%	20,099 60.91%	33,000
Most Recent Note for COKE - 11/17/2023 12:13:14 PM Rebounding well above its 50 DMA line toward its prior high with today's 12th gain in the span of 13 sessions. Reported Sep '23 quarterly earnings +18% on +5% sales revenues versus the year ago period. It was dropped from the Featured Stocks list on 10/03/23.
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CPRT - NASDAQ - SPECIALTY RETAIL - Auto Dealerships Copart Inc	$50.73	+1.42 2.88%	$51.53	$50.00	1.46%	2,487,017 62.04%	4,009,000
Most Recent Note for CPRT - 11/17/2023 12:14:46 PM Rallying to new 52-week and all-time highs with today's volume-driven gain adding to a recent spurt higher. Found support near the prior lows in the $42 area. Reported Oct '23 quarterly earnings +31% on +14% sales revenues versus the year ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). It was dropped from the Featured Stocks list on 10/04/21.
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ELTK - NASDAQ - ELECTRONICS - Printed Circuit Boards Eltek Ltd	$12.08	+0.55 4.77%	$12.49	$12.90	-6.36%	31,397 68.25%	46,000
Most Recent Note for ELTK - 11/17/2023 12:18:02 PM Israel-based maker of circuit boards is up today following a "negative reversal" on the prior session after hitting another new 52-week high. Reported Sep '23 quarterly earnings +112% on +15% sales revenues versus the year-ago period. Found support at its 50 DMA line ($9.77) 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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GLOB - NYSE - Computer-Tech Services Globant SA	$204.25	+21.16 11.55%	$207.12	$210.00	-2.74%	505,642 142.03%	356,000
Most Recent Note for GLOB - 11/17/2023 12:19:28 PM Gapped up today rebounding above its 50 DMA line ($183) and rallying toward prior highs. Reported Sep '23 quarterly earnings +17% on +19% sales revenues versus the year ago period, its 3rd quarterly comparison below +25% minimum earnings guideline (C criteria). Dropped from the Featured Stocks list on 2/27/20. Completed a new Public Offering on 6/05/20.
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GLRE - NASDAQ - INSURANCE - Property &; Casualty Insurance Greenlight Capital Re	$11.01	+0.37 3.43%	$11.01	$11.72	-6.10%	49,199 60.00%	82,000
Most Recent Note for GLRE - 11/17/2023 12:21:31 PM Reported Sep '23 quarterly earnings versus a loss on +32% sales revenues above the year-ago period. Its 50 DMA line ($11.03) may acted as resistance after damaging volume-driven losses. Noted with caution in prior mid-day reports - "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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IBCP - NASDAQ - BANKING - Regional - Midwest Banks Independent Bank Corp Mi	$21.70	-0.10 -0.46%	$22.20	$24.96	-13.06%	34,876 60.13%	58,000
Most Recent Note for IBCP - 11/17/2023 12:24:06 PM Reported earnings +2% on -3% sales revenues for the Sep '23 quarter versus the year ago period, and prior quarterly earnings comparisons were below the +25% minimum guideline (C criteria). Annual earnings were flat in FY '21 after years of strong and steady growth.
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ISRG - NASDAQ - HEALTH SERVICES - Medical Appliances & Equipment Intuitive Surgical Inc	$306.90	+2.95 0.97%	$311.24	$358.07	-14.29%	1,270,044 64.73%	1,962,000
Most Recent Note for ISRG - 11/17/2023 12:26:37 PM Rebounding further above its 50 and 200 DMA lines with today's 6th consecutive gain backed by ever-increasing volume. Reported Sep '23 quarterly earnings +23% on +12% sales revenues versus the year-ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum guideline (C criteria). Went through a deep consolidation from its all-time high hit after a 3:1 share split effective 10/05/21. Annual earnings (A criteria) history has been up and down.
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JHX - NYSE - MATERIALS & CONSTRUCTION - Cement James Hardie Ind Plc Adr	$31.72	-0.22 -0.69%	$31.81	$31.99	-0.84%	83,799 155.18%	54,000
Most Recent Note for JHX - 11/17/2023 12:28:00 PM This Ireland-based cement firm is inching above its Aug '23 high with today's 5th consecutive gain backed by ever-increasing volume. Found prompt support at its 200 DMA line. Prior mid-day reports cautioned members - "Reported earnings +5% on +0% sales revenues for the Sep '23 quarter versus the year ago period, its 6th consecutive quarterly comparison well below the +25% minimum earnings guideline (C criteria)."
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LPG - NYSE - Oil&Gas-Transprt/Pipelne Dorian LPG Ltd	$39.30	+1.93 5.16%	$39.90	$39.15	0.38%	537,480 61.85%	869,000
Most Recent Note for LPG - 11/17/2023 12:29:13 PM Hitting another new 52-week high today. Held its ground following recently noted volume-driven gains. Reported Sep '23 quarterly earnings +330% on +90% sales revenues versus the year ago period, its 6th very strong quarterly earnings comparison above the +25% minimum earnings guideline (C criteria) of the fact-based investment system. Fundamental concerns remain due to its erratic annual earnings (A criteria) history.
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MBIN - NASDAQ - Banks-Midwest Merchants Bancorp	$33.67	+1.07 3.27%	$33.98	$33.59	0.22%	137,180 167.29%	82,000
Most Recent Note for MBIN - 11/17/2023 12:31:31 PM Hitting a new 52-week high with today's 3rd gain backed by above average volume in the span of 4 sessions. Prior mid-day reports noted - "Reported earnings +38% on +34% sales revenues for the Sep '23 quarter versus the year ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) had a downturn in FY '22. Completed $16 IPO on 10/27/17."
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NGVC - NYSE - RETAIL - Grocery Stores Nat Grocers Vit Cottage	$15.15	+2.35 18.36%	$15.81	$13.80	9.78%	108,619 374.55%	29,000
Most Recent Note for NGVC - 11/17/2023 12:33:02 PM Gapped up today powering to a new 52-week high with a considerable volume-driven gain. Reported earnings +189% on +8% sales revenues for the Sep '23 quarter versus the year ago period, its 2nd strong quarter. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria) with subpar sales revenues growth.
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NHC - AMEX - HEALTH SERVICES - Long-Term Care Facilities National Healthcare Corp	$75.97	+0.53 0.70%	$76.63	$75.61	0.48%	25,225 74.19%	34,000
Most Recent Note for NHC - 11/17/2023 12:36:05 PM Hitting new multi-year highs with today's 3rd volume-driven gain in the span of 4 sessions. The Jun and Sep '23 quarterly comparisons showed very strong earnings increases however sales revenues growth has been lackluster. Prior quarterly and its annual earnings history (C and A criteria) has been up and down.
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NTES - NASDAQ - INTERNET - Internet Information Providers Netease Inc Adr	$116.50	+4.15 3.69%	$117.42	$116.33	0.15%	898,302 97.11%	925,000
Most Recent Note for NTES - 11/17/2023 12:38:08 PM Gapped up today and rallied to a new 52-week high following yesterday's pullback. The prior mid-day report cautioned members - "Reported Sep '23 quarterly earnings +14% on +9% sales revenues versus the year-ago period and fundamental concerns remain. 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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ROST - NASDAQ - RETAIL - Apparel Stores Ross Stores Inc	$130.39	+10.24 8.52%	$131.31	$125.86	3.60%	4,084,095 187.60%	2,177,000
Most Recent Note for ROST - 11/17/2023 12:43:54 PM Gapped up today hitting new multi-year highs with a big volume-driven gain. This Retail - Apparel/Shoes/Accessories firm reported earnings +33% on +8% sales revenues for the quarter ended October 31, 2023 versus the year ago period. Prior quarterly earnings comparisons were not strong and steady above the investment system's +25% minimum guidelines (C criteria). Annual earnings history (A criteria) has been up and down.
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SPSC - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software S P S Commerce Inc	$173.54	+0.78 0.45%	$175.64	$196.39	-11.64%	86,147 59.82%	144,000
Most Recent Note for SPSC - 11/17/2023 12:48:13 PM Reported Sep '23 quarterly earnings +19% on +18% sales revenues versus the year-ago period, below the +25% minimum earnings guideline (C criteria). Slumping toward its 50 DMA line ($169) this week with 2 volume-driven loses right after a big gap up on 11/14/23. Dropped from the Featured Stocks list on 8/09/23 and then slumped below its 200 DMA line before recently rebounding.
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TIMB - NYSE - Telecom Svcs- Foreign TIMSA Ads	$16.82	-0.58 -3.33%	$16.98	$18.03	-6.71%	323,989 83.50%	388,000
Most Recent Note for TIMB - 11/17/2023 12:49:12 PM Pulling back from its 52-week high with recent volume-driven losses. Brazilian Telecom firm reported strong Jun and Sep '23 earnings results but its prior history is not a match with the fundamental guidelines of the fact-based investment system.
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TIPT - NASDAQ - Financial Svcs-Specialty Tiptree Financial Cl A	$17.50	+0.33 1.92%	$17.63	$18.05	-3.05%	34,154 66.97%	51,000
Most Recent Note for TIPT - 11/17/2023 12:50:30 PM Paused this week after touching a new 52-week high on 11/14/23. Faces no resistance due to overhead supply. Reported Sep '23 earnings +21% on +15% sales revenues versus the year ago period and fundamental concerns remain.
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WAB - NYSE - AUTOMOTIVE - Auto Parts Wabtec	$115.20	+0.45 0.39%	$115.70	$119.70	-3.76%	563,100 64.65%	871,000
Most Recent Note for WAB - 11/17/2023 12:51:39 PM Stubbornly holding its ground while rebounding toward its 52-week high. Faces little near-term resistance up to the $119 level. Reported Sep '23 quarterly earnings +39% on +23% sales revenues versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% guideline (C criteria).
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WINA - NASDAQ - SPECIALTY RETAIL - Sporting Goods Stores Winmark Corp	$435.54	+9.54 2.24%	$437.50	$445.84	-2.31%	22,383 69.95%	32,000
Most Recent Note for WINA - 11/17/2023 12:53:00 PM Wedged to new all-time highs with recent gains lacking great volume conviction. Its 50 DMA line ($400) defines near-term support to watch on pullbacks. Reported Sep '23 quarterly earnings +4% on +5% sales revenues versus the year-ago period. Prior quarterly and annual earnings (C and A criteria) history has not been a match with the fact-based investment system's fundamental guidelines.
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WWD - NASDAQ - MANUFACTURING - Diversified Machinery Woodward Inc	$131.21	-2.09 -1.57%	$132.79	$136.70	-4.02%	211,784 72.04%	294,000
Most Recent Note for WWD - 11/17/2023 12:54:58 PM Tested its 50 DMA line ($127.49) earlier with today's 3rd consecutive volume-driven loss while pulling back from its all-time high. Reported earnings +58% on +21% sales revenues for the Sep '23 quarter, its 3rd quarterly comparison above the +25% minimum earnings guideline (C criteria). Fundamental concerns remain after a downturn in FY '20-22 annual earnings. It was dropped from the Featured Stocks list on 8/06/19.
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