Mid-Day Breakouts Report - Monday, December 16th, 2024

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MIDDAY BREAKOUTS REPORT - MONDAY, DECEMBER 16TH, 2024
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DOW 43815.46 -12.6 (-0.03%) | NASDAQ 20104.5 177.78 (0.89%) | S&P 500 6075.02 23.93 (0.40%)

Time of Screening : 12/16/2024 12:15:21 PM Report Released : 12/16/2024 12:41:33 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

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
AIT - NYSE - WHOLESALE - Industrial Equipment Wholesale Applied Industrial Tech	$260.15	-1.92 -0.73%	$261.33	$282.98	-8.07%	189,615 77.71%	244,000
Most Recent Note for AIT - 12/16/2024 12:16:54 PM Pulling back for a 7th loss in the span of 8 sessions, retreating from its all-time high. Its 50 DMA line ($253) defines near-term support to watch. Reported Sep '24 quarterly earnings -3% on +0% sales revenues versus the year-ago period. Prior quarterly comparisons had earnings increases below the +25% minimum guideline (C criteria). Annual earnings (A criteria) growth has been strong.
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ATEN - NYSE - Computer Sftwr-Enterprse A10 Networks Inc	$19.23	+0.56 3.00%	$19.35	$18.97	1.37%	385,544 69.84%	552,000
Most Recent Note for ATEN - 12/16/2024 12:18:03 PM Hitting a new 52-week high with today's gain challenging its all-time high after 7 consecutive weekly gains. Quarterly earnings have not been strong and steady above the +25% minimum (C criteria) and are not a match with the fact-based investment system's fundamental guidelines.
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AVGO - NASDAQ - ELECTRONICS - Semiconductor - Integrated Circuits Broadcom Inc	$241.81	+17.01 7.57%	$247.32	$228.70	5.73%	49,746,743 220.61%	22,550,000
Most Recent Note for AVGO - 12/16/2024 12:18:34 PM Gapped up for a 2nd consecutive session today hitting another new all-time high. Reported Oct '24 quarterly earnings +28% on +51% sales revenues versus the year ago period, above the +25% minimum guideline (C criteria), breaking a streak of 7 subpar quarters. Annual earnings history (A criteria) has been strong.
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AXON - NASDAQ - Security/Sfty Axon Enterprise Inc	$637.42	-7.49 -1.16%	$654.00	$698.67	-8.77%	566,444 74.63%	759,000
Most Recent Note for AXON - 12/16/2024 12:19:55 PM Consolidating near its all-time high, very extended from any sound base. Reported Sep '24 quarterly earnings +38% on +32% sales revenues versus the year-ago period. Three of the 4 latest quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings had a downturn in FY '22, a fundamental flaw in the A criteria. It was dropped from the Featured Stocks list on 5/16/24.
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AXR - NYSE - Media-Periodicals Amrep Corp	$34.20	-2.22 -6.10%	$36.35	$39.68	-13.81%	19,384 96.92%	20,000
Most Recent Note for AXR - 12/16/2024 12:21:53 PM Pulling back from its 52-week high with recent volume-driven losses after a noted "negative reversal" on 12/06/24. Reported strong Apr, Jul, and Oct '24 quarterly results versus the year-ago periods. Prior quarterly and annual earnings (C and A criteria) history is not a match with the fundamental guidelines of the fact-based investment system.
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BCS - NYSE - BANKING - Money Center Banks Barclays Plc Adr	$13.71	+0.16 1.17%	$13.72	$13.83	-0.88%	8,434,819 82.91%	10,173,000
Most Recent Note for BCS - 12/16/2024 12:22:03 PM Perched at its 52-week high, extended from any sound base. Reported Sep '24 quarterly earnings +42% on +15% sales revenues versus the year ago period. Prior 4 quarterly earnings comparisons were down from the year-ago periods. Erratic annual earnings history (A criteria) remains a concern.
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BMA - NYSE - BANKING - Foreign Regional Banks Banco Macro Sa Ads	$105.51	+12.53 13.47%	$107.84	$93.65	12.66%	557,286 201.19%	277,000
Most Recent Note for BMA - 12/16/2024 12:23:14 PM Gapped up today for a considerable volume-driven gain hitting a new 52-week high and adding to recent volume-driven gains. Rallied steadily after finding prompt support at its 200 DMA line in August. Reported earnings +42% on -75% sales revenues for the Sep '24 quarter versus the year-ago period and fundamental concerns remain. Argentine bank has shown strong annual earnings (A criteria) growth after a slight downturn in FY '20 and '21.
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CSV - NYSE - DIVERSIFIED SERVICES - Personal Services Carriage Services Inc	$41.18	+0.68 1.68%	$42.13	$40.91	0.66%	70,782 84.26%	84,000
Most Recent Note for CSV - 12/16/2024 12:23:51 PM Hitting a new 52-week high with today's volume-driven gain. Reported Sep '24 earnings +94% +11% sales revenues versus the year ago period. Two of the 4 latest quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been up and down, not a match with the fact-based investment system's fundamental guidelines.
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ESLT - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Elbit Systems Ltd	$265.08	+13.65 5.43%	$265.55	$255.02	3.94%	39,782 142.08%	28,000
Most Recent Note for ESLT - 12/16/2024 12:24:29 PM High-ranked Israel-based company in the Aerospace/Defense group gapped up today hitting a new all-time high. Reported Sep '24 quarterly earnings +29% on +14% sales revenues versus the year ago period. Prior history showed subpar quarterly and annual earnings history (C and A criteria), not a match with the fundamental guidelines of the fact-based investment system.
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GOOG - NASDAQ - INTERNET - Internet Information Providers Google Inc Cl C	$198.70	+7.32 3.82%	$199.49	$196.89	0.92%	12,547,534 68.19%	18,400,000
Most Recent Note for GOOG - 12/16/2024 12:27:54 PM Hitting another new all-time high today while adding to a recent spurt of volume-driven gains. Recently tested its 200 DMA line. Reported Sep '24 quarterly earnings +28% on +15% sales revenues versus the year ago period, its 5th strong quarter above the +25% minimum guideline (C criteria). This large-cap company is already heavily owned by 4,717 top-rated institutional investors (I criteria).
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IHG - NYSE - LEISURE - Lodging Intercontinental Hotels	$128.14	+1.03 0.81%	$128.14	$131.68	-2.69%	75,338 66.09%	114,000
Most Recent Note for IHG - 12/16/2024 12:28:06 PM Extended from any sound base and hovering near its all-time high. Noted with caution in prior mid-day reports - "Reported earnings +12% on +4% sales revenues for the Mar and Jun '24 quarters versus the year ago periods. Prior quarterly comparisons were also below the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) included a big downturn in FY '20."
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KODK - NYSE - Leisure-Products Eastman Kodak Company	$7.18	+0.38 5.60%	$7.26	$7.74	-7.22%	855,950 66.05%	1,296,000
Most Recent Note for KODK - 12/16/2024 12:28:26 PM Hovering near its 52-week high with volume totals cooling after noted volume-driven gains. Rebounded above its 50 and 200 DMA lines recently. Fundamental concerns remain.
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LGCY - NASDAQ - ENERGY - Oil & Gas Drilling & Explorati Legacy Reserves Lp	$9.46	+0.53 5.88%	$10.37	$8.95	5.64%	152,573 177.41%	86,000
Most Recent Note for LGCY - 12/16/2024 12:30:11 PM Hitting yet another new all-time high with above-average volume behind today's 8th gain in the span of 9 sessions, getting very extended from any sound base. Three of the 4 latest quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Limited history since its $4 IPO on 9/26/24.
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LQDT - NASDAQ - INTERNET - Internet Software &; Services Liquidity Services Inc	$33.94	-1.60 -4.50%	$36.00	$35.80	-5.20%	524,153 323.55%	162,000
Most Recent Note for LQDT - 12/16/2024 12:31:21 PM Pausing today after it spiked to new 52-week highs with 5 considerable volume-driven gains in a row. The 12/13/24 mid-day report cautioned members - <i>"Held its ground stubbornly after a recent streak of volume-driven gains. Subpar quarterly earnings and annual earnings (C and A criteria) history has been erratic, previously noted as fundamental flaws."</i>
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MPLX - NYSE - Oil&Gas-Transprt/Pipelne M P L X Lp	$47.72	-1.14 -2.33%	$48.85	$51.94	-8.12%	1,384,752 77.23%	1,793,000
Most Recent Note for MPLX - 12/16/2024 12:33:04 PM Two of the 4 latest quarterly comparisons through Sep '24 were below the +25% minimum guideline (C criteria). Consolidating in renceyt weeks after rallying to new 52-week highs with volume-driven gains.
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PPC - NASDAQ - FOOD & BEVERAGE - Meat Products Pilgrims Pride Corp	$51.76	+1.80 3.60%	$51.81	$55.50	-6.74%	597,961 62.35%	959,000
Most Recent Note for PPC - 12/16/2024 12:35:46 PM Following a "negative reversal" at its all-time high on 11/06/24 its has been consolidating and it found prompt support near its 50 DMA line ($49.31). Reported strong earnings +181% on +5% sales revenues for the Sep '24 quarter versus the year-ago period. Reported greatly improved earnings in the 4 latest quarterly comparisons. Prior reports cautioned - <i>"Lackluster sales revenues growth is a concern and its up and down annual earnings history is not a match with the fact-based investment system's guidelines (A criteria)."</i>
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SKY - NYSE - Bldg-Mobile/Mfg & RV Skyline Champion Corp	$103.59	-1.78 -1.69%	$105.75	$116.49	-11.07%	388,097 82.75%	469,000
Most Recent Note for SKY - 12/16/2024 12:38:04 PM Encountering distriubutional pressure since noted in the 12/09/24 mid-day report as it erased much of its early gain after hitting a new all-time high. Fundamental concerns remain. Reported Sep '24 quarterly earnings +13% on +33% 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 1/14/22
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UNTY - NASDAQ - BANKING - Regional - Northeast Banks Unity Bancorp Inc	$48.38	+1.57 3.35%	$48.44	$48.22	0.33%	35,564 127.01%	28,000
Most Recent Note for UNTY - 12/16/2024 12:39:11 PM Hitting a new 52-week high with today's big volume-driven gain after consolidating in a tight range well above its 50 DMA line. Last noted with caution in the 11/06/24 mid-day report - <i>"Fundamental concerns remain. Reported Sep '24 quarterly earnings +10% on +8% sales revenues versus the year ago period, and prior quarterly comparisons were below the +25% minimum guideline (C criteria). Subpar sales revenues growth remains a concern. Annual earnings steadily improved after a downturn in FY '17."<i>
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USAP - NASDAQ - METALS & MINING - Steel & Iron Univ Stainless Alloy Pdt	$44.44	+0.23 0.51%	$44.50	$45.30	-1.91%	201,913 88.95%	227,000
Most Recent Note for USAP - 12/16/2024 12:39:53 PM Consolidating in a tight range following M&A news on 10/17/24.
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