Mid-Day Breakouts Report - Wednesday, November 29th, 2023

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, NOVEMBER 29TH, 2023
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DOW 35451.71 34.73 (0.10%) | NASDAQ 14288.45 6.69 (0.05%) | S&P 500 4560.15 5.26 (0.12%)

Time of Screening : 11/29/2023 12:03:25 PM Report Released : 11/29/2023 12:50:11 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	$288.82	+10.98 3.95%	$290.11	3,202,957 86.47% of 50 DAV 50 DAV is 3,704,000	$278.69 3.63%	11/13/2023	$255.90	PP = $266.00 MB = $279.30
Most Recent Note - 11/29/2023 12:30:13 PM G - Today's 4th consecutive gain with ever-increasing volume has it hitting yet another new all-time high and its color code is changed to green after rising above the "max buy" level. Prior gain above the pivot point backed by +70% above average volume triggered a proper technical buy signal. Recovered quickly above its 50 DMA line after testing the prior low ($233.81 on 11/06/23) last week. Fundamentals remain strong after it reported Oct '23 quarterly earnings +66% on +20% sales revenues versus the year-ago period. >>> 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	$9.49	+0.15 1.61%	$9.52	$9.40	0.96%	1,963,840 166.57%	1,179,000
Most Recent Note for BBVA - 11/29/2023 12:04:08 PM Extended from any sound base and hitting yet another new 52-week high today. 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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CLS - NYSE - Elec-Contract Mfg Celestica Inc	$26.90	-0.09 -0.33%	$28.30	$28.39	-5.25%	1,458,354 77.16%	1,890,000
Most Recent Note for CLS - 11/29/2023 12:05:32 PM Hovering near its 52-week high, encountering some distributional pressure. Reported earnings +25% on +6% sales revenues for the Sep '23 quarter versus the year ago period, and 6 of the last 7 quarterly comparisons were at or above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been strong since bottoming in FY '19.
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CRM - NYSE - INTERNET - Internet Software & Services Salesforce.com Inc	$229.84	+4.92 2.19%	$230.55	$238.22	-3.52%	3,815,886 92.75%	4,114,000
Most Recent Note for CRM - 11/29/2023 12:09:34 PM Today's gap up gain has it perched within striking distance of its 52-week high. Due to report Oct '23 quarterly results. Reported Jul '23 quarterly earnings +78% on +11% sales revenues versus the year ago period, its 3rd strong quarterly comparison. Went through a deep consolidation from its all-time high since noted with caution in the 12/01/21 mid-day report. Large supply of 973 million shares outstanding (S criteria) makes it an unlikely sprinter, and it is already owned by more than 4,630 top-rated funds (I criteria). There was a downturn in its FY '22 annual earnings (A criteria) history.
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DSGX - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Descartes Systems Group	$81.08	-0.04 -0.04%	$81.94	$82.38	-1.58%	107,487 80.82%	133,000
Most Recent Note for DSGX - 11/29/2023 12:14:06 PM Consolidating after reaching a new 52-week high. Reported Jul '23 quarterly earnings +19% on +17% sales revenues versus the year-ago period. Prior quarterly earnings growth has not been strong and steady above the +25% minimum (C criteria).
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GRC - AMEX - MANUFACTURING - Diversified Machinery Gorman-Rupp Co	$32.15	+0.79 2.52%	$32.77	$33.75	-4.74%	31,658 70.35%	45,000
Most Recent Note for GRC - 11/29/2023 12:15:49 PM Perched within striking distance of its 52-week high. Reported earnings above the +25% minimum guideline (C criteria) in the past 2 quarterly comparisons through Sep '23 but fundamental concerns remain. Prior quarterly comparisons were subpar and its up and down annual earnings (A criteria) history makes it fall below the fact-based investment system's fundamental guidelines.
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INTU - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Intuit Inc	$583.56	+18.49 3.27%	$599.00	$571.82	2.05%	1,225,435 87.53%	1,400,000
Most Recent Note for INTU - 11/29/2023 12:19:14 PM Gapped up today hitting a new 52-week high. Reported Oct '23 quarterly earnings +49% on +15% sales revenues versus the year-ago period. Three of the 4 latest quarterly comparisons were above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been strong, however, consensus estimates are calling for a -20% downturn in FY '24 earnings. Went through a long and deep consolidation since pricing a Secondary Offering on 11/29/21 perched near its all-time high.
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KTOS - NASDAQ - DIVERSIFIED SERVICES - Technical Services Kratos Def & Sec Sol Inc	$18.75	-0.63 -3.25%	$19.50	$19.72	-4.92%	760,461 67.84%	1,121,000
Most Recent Note for KTOS - 11/29/2023 12:20:01 PM Perched at its 52-week high today. Faces some resistance due to old overhead supply up to the $22 level. Reported Sep '23 quarterly earnings +50% on +20% sales revenues versus the year-ago period, its 3rd strong quarter above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) is not a match with the fact-based investment system's fundamental guidelines.
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MNSO - NYSE - RETAIL - Discount, Variety Stores Miniso Group Hldg Cl A	$26.03	+0.99 3.95%	$26.54	$29.92	-13.00%	1,284,329 80.83%	1,589,000
Most Recent Note for MNSO - 11/29/2023 12:22:55 PM China-based retailer is consolidating near its 50 DMA line ($25.82) following noted volume-driven losses. Reported Sep '23 quarterly earnings +46% on +33% sales revenues versus the year-ago period. Prior quarterly comparisons showed strong earnings increases. Annual earnings (A criteria) had a downturn in FY '21.
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NEU - NYSE - CHEMICALS - Specialty Chemicals Newmarket Corporation	$519.00	+0.26 0.05%	$519.87	$531.08	-2.27%	26,443 82.63%	32,000
Most Recent Note for NEU - 11/29/2023 12:24:32 PM The Chemicals - Specialty firm has been wedging higher with gains lacking great volume conviction while hitting new all-time highs. Reported Sep '23 quarterly earnings +84% on -4% sales revenues versus the year-ago period. Recent quarterly comparisons show very strong earnings increases but with subpar and waning sales revenues leaving fundamental concerns. Its annual earnings (A criteria) history had a big downturn in FY '21.
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OTEX - NASDAQ - INTERNET - Internet Software & Services Open Text Corp	$40.86	+0.52 1.29%	$41.56	$43.25	-5.53%	472,454 85.59%	552,000
Most Recent Note for OTEX - 11/29/2023 12:26:56 PM Rebounding toward previously stubborn resistance in the $43 area. Reported earnings +31% on +67% sales revenues for the Sep '23 quarter but fundamental concerns remain. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). It was dropped from the Featured Stocks list on 2/02/15.
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PAY - NYSE - Finance-CrdtCard/PmtPr Paymentus Holdings	$16.79	+0.43 2.63%	$17.74	$17.24	-2.61%	201,148 189.76%	106,000
Most Recent Note for PAY - 11/29/2023 12:32:29 PM Hit a new 52-week high with today's early gain. Reported strong Jun and Sep '23 quarterly results but fundamental concerns remain. Prior quartery and annual earnings history (C and A criteria) has been subpar.
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PHG - NYSE - CONSUMER DURABLES - Electronic Equipment Koninklijke Philips ADR	$20.64	-0.51 -2.41%	$20.70	$23.30	-11.42%	997,089 93.27%	1,069,000
Most Recent Note for PHG - 11/29/2023 12:34:00 PM Reported earnings +48% on +12% sales revenues for the Sep '23 quarter versus the year-ago period, its 3rd strong quarter. Consolidating above its 50 and 200 DMA lines. Faces resistance due to overhead supply. Fundamental concerns remain. Annual earnings history (A criteria) is below guidelines of the fact-based investment system.
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SN - NYSE - ENERGY - Independent Oil & Gas Sanchez Energy Corp	$46.89	-2.01 -4.11%	$49.25	$52.90	-11.36%	653,301 75.79%	862,000
Most Recent Note for SN - 11/29/2023 12:36:29 PM Pulling back abruptly today after a new best-ever close on the prior session. Limited history since trading on the NYSE began on 7/31/23. Reported strong Jun and Sep '23 quarterly results versus the year-ago periods, but prior earnings history leaves fundamental concerns.
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STLA - NYSE - Auto Manufacturers Stallantis NV	$21.61	+1.09 5.31%	$21.76	$20.74	4.19%	6,730,666 94.88%	7,094,000
Most Recent Note for STLA - 11/29/2023 12:40:22 PM Gapped up today for a big volume-driven gain hitting a new 52-week high and challenging multi-year highs. Faces no resistance due to overhead supply. Reported Mar and Jun '23 quarterly earnings +42% on +16% sales revenues versus the year ago periods. Fundamental concerns remain.
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WDAY - NYSE - Computer Sftwr-Enterprse Workday Inc Cl A	$267.11	+29.78 12.55%	$267.49	$252.72	5.69%	4,271,276 253.19%	1,687,000
Most Recent Note for WDAY - 11/29/2023 12:43:06 PM Hitting a new 52-week high with today's considerable gap up and volume-driven gain. Found support at its 200 DMA line in recent months after a deep consolidation since dropped from the Featured Stocks list on 1/04/22. Reported strong Jan, Apr, Jul, and Oct '23 quarterly results versus the year-ago periods. There was a downturn in FY '23 earnings (A criteria).
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WOR - NYSE - METALS & MINING - Steel & Iron Worthington Industries	$71.58	+1.72 2.46%	$71.58	$77.42	-7.54%	163,520 66.20%	247,000
Most Recent Note for WOR - 11/29/2023 12:45:17 PM Rebounding toward its all-time high with today's 4th consecutive gain backed by ever-increasing volume. Reported earnings +28% on -15% sales revenues for the Aug '23 quarter versus the year ago period. Waning sales revenues remain a concern and its subpar quarterly and annual earnings history (C and A criteria) is not a match with the fact-based investment system's guidelines.
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WPM - NYSE - Mining-Gold/Silver/Gems Wheaton Precious Metals	$49.02	-0.13 -0.26%	$49.44	$52.76	-7.09%	1,082,293 65.55%	1,651,000
Most Recent Note for WPM - 11/29/2023 12:47:41 PM Rebounding toward its 52-week high with today's 7th consecutive gain. Sep '23 quarterly earnings rose +29% on +2% 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 history has been up and down, not a match with the fact-based investment system's fundamental guidelines (A criteria).
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YALA - NYSE - INTERNET - Content Yalla Group Ltd Ads	$5.91	+0.06 1.03%	$6.06	$6.38	-7.37%	366,624 204.82%	179,000
Most Recent Note for YALA - 11/29/2023 12:48:32 PM Churning above average volume while consolidating after hitting new multi-year highs last week. Noted with caution in prior mid-day reports - "Fundamental concerns remain for this United Arab Emirates-based social networking and entertainment firm."
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