Mid-Day Breakouts Report - Thursday, December 14th, 2023

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MIDDAY BREAKOUTS REPORT - THURSDAY, DECEMBER 14TH, 2023
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DOW 37233.85 143.61 (0.39%) | NASDAQ 14791.05 57.08 (0.39%) | S&P 500 4730.28 23.19 (0.49%)

Time of Screening : 12/14/2023 12:23:29 PM Report Released : 12/14/2023 1:05:53 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 100% 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
ADBE - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Adobe Systems Inc	$589.53	-34.74 -5.56%	$593.16	$633.89	-7.00%	5,989,921 227.67%	2,631,000
Most Recent Note for ADBE - 12/14/2023 12:25:15 PM Gapped down today retreating from its 52-week high. Reported Nov '23 quarterly earnings +19% on +12% sales revenues versus the year ago period. Prior quarterly comparisons also were below the +25% minimum earnings guideline (C criteria).
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AJG - NYSE - INSURANCE - Insurance Brokers Gallagher Arthur J & Co	$230.07	-15.14 -6.17%	$246.10	$254.00	-9.42%	1,047,798 130.81%	801,000
Most Recent Note for AJG - 12/14/2023 12:26:34 PM Violating its 50 DMA line with today's big volume-driven loss, abruptly retreating from its all-time high. Fundamental concerns remain as noted in prior mid-day reports - "Quarterly earnings increases have not been strong and steady above the +25% minimum guideline (C criteria). Insurance firm's annual earnings (A criteria) history has been steady."
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BAM - NYSE - FINANCIAL SERVICES - Asset Management Brookfield Asset Mgmt A	$39.01	+1.50 4.00%	$39.21	$37.62	3.69%	2,324,818 157.83%	1,473,000
Most Recent Note for BAM - 12/14/2023 12:30:35 PM Powering to new highs with today's gap up and 4th consecutive gain backed by ever-increasing volume. Quarterly comparisons through Sep '23 showed subpar earnings increases and lackluster sales revenues increases.
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BLD - NYSE - Bldg-Constr Prds/Misc Topbuild Corp	$366.35	+33.80 10.16%	$366.66	$333.06	9.99%	437,728 169.66%	258,000
Most Recent Note for BLD - 12/14/2023 12:34:36 PM Gapped up today hitting another new all-time high with a 6th consecutive gain. The Jun and Sep '23 quarters had earning increases below the +25% minimum guideline (C criteria) versus the year-ago period. Went through a deep consolidation from its high reached after it was dropped from the Featured Stocks list on 10/05/21.
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CAH - NYSE - WHOLESALE - Drugs Wholesale Cardinal Health Inc	$102.61	-5.44 -5.03%	$104.21	$108.85	-5.73%	2,130,068 105.82%	2,013,000
Most Recent Note for CAH - 12/14/2023 12:36:30 PM Gapped down today retreating from its all-time high. Reported strong earnings increases in the Jun and Sep '23 quarters versus the year-ago periods. Prior quarterly and annual earnings history (C and A criteria) has not been a match with the fact-based investment system's fundamental guidelines.
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COR - NYSE - REAL ESTATE - REIT - Diversified/Industrial Coresite Realty Corp	$199.09	-4.64 -2.28%	$200.25	$205.83	-3.28%	1,657,495 116.23%	1,426,000
Most Recent Note for COR - 12/14/2023 12:38:28 PM Gapped down today retreating from its all-time high, encountering distributional pressure. This REIT reported earnings +10% on +13% sales revenues for the Sep '23 quarter. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria).
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DFH - NYSE - Bldg-Resident/Comml Dream Finders Homes	$30.00	+2.32 8.38%	$30.23	$31.60	-5.06%	481,088 127.61%	377,000
Most Recent Note for DFH - 12/14/2023 12:39:54 PM Gapped up today rallying near its 52-week high with a big volume-driven gain. Faces little resistance due to overhead supply. Sep '23 quarterly earnings rose +17% on +14% sales revenues versus the year-ago period, its 3rd consecutive quarterly comparison below the +25% minimum earnings guideline (C criteria).
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ELTK - NASDAQ - ELECTRONICS - Printed Circuit Boards Eltek Ltd	$15.00	-0.59 -3.78%	$16.15	$16.23	-7.58%	78,326 108.79%	72,000
Most Recent Note for ELTK - 12/14/2023 12:40:38 PM Israel-based maker of circuit boards spiked to yet another new 52-week high with a considerable volume-driven gain on the prior session and it is extended from any sound base. Reported Sep '23 quarterly earnings +112% on +15% sales revenues versus the year-ago period. Prior highs in the $11 area define important near-term support coinciding with its 50 DMA line. 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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HOV - NYSE - MATERIALS & CONSTRUCTION - Residential Construction Hovnanian Enterprises A	$158.70	+10.91 7.38%	$159.50	$148.50	6.87%	93,989 128.75%	73,000
Most Recent Note for HOV - 12/14/2023 12:41:24 PM Hitting new multi-year highs with today's gain adding to an impressive spurt of volume-driven gains. Fundamental concerns remain as its quarterly and annual earnings history (C and A criteria) are not a match with the fact-based investment system's guidelines.
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HURN - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Huron Consulting Grp Inc	$99.14	-6.20 -5.89%	$106.10	$113.31	-12.51%	148,360 133.66%	111,000
Most Recent Note for HURN - 12/14/2023 12:44:48 PM Abruptly slumping and violating its 50 DMA line ($103) with today's big volume-driven loss. Reported Sep '23 quarterly earnings +38% on +26% sales revenues versus the year-ago period. The past 5 quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Up and down annual earnings (A criteria) history is not a good match with the guidelines of the fact-based system.
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INFA - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Informatica Corp	$29.83	+0.72 2.47%	$30.13	$29.37	1.57%	824,222 137.14%	601,000
Most Recent Note for INFA - 12/14/2023 12:45:21 PM Hitting another new 52-week high with today's 5th consecutive volume-driven gain. Prior mid-day reports noted - "No resistance remaining due to 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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JBL - NYSE - ELECTRONICS - Printed Circuit Boards Jabil Circuit Inc	$129.01	+8.41 6.97%	$130.35	$141.38	-8.75%	1,998,621 113.11%	1,767,000
Most Recent Note for JBL - 12/14/2023 12:47:46 PM Gapped up today rebounding above its 50 DMA line ($126.78) toward its prior highs. Reported Nov '23 quarterly earnings +13% 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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MBWM - NASDAQ - BANKING - Regional - Midwest Banks Mercantile Bank Corp	$39.75	-0.09 -0.23%	$41.00	$39.95	-0.50%	42,192 120.55%	35,000
Most Recent Note for MBWM - 12/14/2023 12:52:09 PM Hit new multi-year highs with today's gain following a big volume-driven gain on the prior session. Quarterly earnings increases through Sep '23 have been above the +25% minimum guideline (C criteria). Annual earnings (A criteria) had a downturn in FY '20.
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MCK - NYSE - WHOLESALE - Drugs Wholesale Mckesson Corp	$444.48	-16.32 -3.54%	$451.69	$476.35	-6.69%	1,001,855 127.30%	787,000
Most Recent Note for MCK - 12/14/2023 12:54:07 PM Gapped down today retreating from its all-time high with a volume-driven loss violating its 50 DMA line ($456). Last noted with caution in the 11/15/23 mid-day report - "Fundamental concerns remain. Reported earnings +3% on +10% sales revenues for the Sep '23 quarter versus the year ago period. Prior quarterly comparisons were not strong and steady aboe the +25% minimum earnings guideline (C criteria). It has a strong and steady annual earnings (A criteria) history."
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NHC - AMEX - HEALTH SERVICES - Long-Term Care Facilities National Healthcare Corp	$92.61	+0.77 0.84%	$92.93	$92.93	-0.34%	67,878 102.85%	66,000
Most Recent Note for NHC - 12/14/2023 12:54:28 PM Hitting new multi-year highs with today's gain adding to an impressive streak of volume-driven gains. Stubbornly held its ground since noted in prior mid-day reports - "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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ORRF - NASDAQ - BANKING - Regional - Northeast Banks Orrstown Financial Svcs	$27.65	+1.35 5.13%	$27.65	$27.00	2.41%	36,789 204.38%	18,000
Most Recent Note for ORRF - 12/14/2023 12:55:32 PM Challenging its Dec '22 high with today's 2nd volume-driven gain. Fundamental concerns remain.
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SN - NYSE - ENERGY - Independent Oil & Gas Sanchez Energy Corp	$50.51	+2.05 4.22%	$50.54	$52.90	-4.53%	1,175,988 130.09%	904,000
Most Recent Note for SN - 12/14/2023 12:59:09 PM Challenging its high with today's volume-driven gain following a deep consolidation since trading on the NYSE began on 7/31/23. Reported strong Jun and Sep '23 quarterly results versus the year-ago periods, but its limited prior earnings history (C and A criteria) leaves fundamental concerns.
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TIPT - NASDAQ - Financial Svcs-Specialty Tiptree Financial Cl A	$19.50	+0.29 1.51%	$19.50	$19.34	0.83%	81,028 144.69%	56,000
Most Recent Note for TIPT - 12/14/2023 1:00:06 PM Hitting new 52-week and all-time highs with today's 3rd consecutive gain backed by above average volume. 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 as 3 of the 4 latest quarterly comparisons were below the +25% minimum earnings guideline (C criteria).
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TRAK - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software DealerTrack Technologies	$10.20	-0.08 -0.78%	$10.35	$10.50	-2.86%	71,641 193.62%	37,000
Most Recent Note for TRAK - 12/14/2023 1:00:34 PM Perched within striking distance of its 52-week high, consolidating above its 50 DMA line ($9.69). Reported Sep '23 quarterly earnings +17% on +7% sales revenues versus the year ago period. Prior quarterly and annual earnings history and sales revenues growth rate is not a match with the fact-based investment system's fundamental guidelines.
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XP - NASDAQ - Finance-Invest Bnk/Bkrs XP Inc Cl A	$25.60	+1.97 8.32%	$25.91	$27.71	-7.63%	6,051,449 128.43%	4,712,000
Most Recent Note for XP - 12/14/2023 1:03:46 PM Gapped up today rebounding toward prior highs after finding prompt support at its 50 DMA line. Reported earnings +15% on +23% sales revenues for the Sep '23 quarter versus the year ago period. Prior quarterly comparisons were mostly subpar and fundamental concerns remain. Brazil-based securities brokerage went through a deep consolidation since noted with caution in the 8/12/20 mid-day report - "Completed a Secondary Offering on 7/02/20. Completed its $27 IPO on 12/11/29. Limited history is a concern."
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YALA - NYSE - INTERNET - Content Yalla Group Ltd Ads	$5.90	-0.20 -3.28%	$6.15	$6.44	-8.39%	367,992 120.65%	305,000
Most Recent Note for YALA - 12/14/2023 1:05:48 PM Churning above average volume in recent weeks without meaningful price progress, action indicative of distributional pressure as it made slow progress for new multi-year highs. Fundamental concerns remain for this United Arab Emirates-based social networking and entertainment firm.
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