Mid-Day Breakouts Report - Tuesday, January 2nd, 2024

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MIDDAY BREAKOUTS REPORT - TUESDAY, JANUARY 2ND, 2024
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DOW 37736.45 46.91 (0.12%) | NASDAQ 14817.47 -193.88 (-1.29%) | S&P 500 4748.28 -21.55 (-0.45%)

Time of Screening : 1/2/2024 12:11:38 PM Report Released : 1/2/2024 1:16:07 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
AAPL - NASDAQ - COMPUTER HARDWARE - Personal Computers Apple Inc	$186.91	-5.62 -2.92%	$188.44	$199.62	-6.37%	32,871,664 61.59%	53,370,000
Most Recent Note for AAPL - 1/2/2024 12:14:04 PM Gapped down today testing its 50 DMA line ($186). Quarterly comparisons through Sep '23 have been well below the +25% minimum earnings guideline (C criteria) of the fact-based investment system. On 8/31/20 a 4:1 share split impacted share price. The number of top-rated funds owning its shares rose from 4,946 in Jun '19 to 6,864 in Sep '23. Companies currently on the Featured Stocks list are ideal candidates fitting the fact-based investment system's guidelines before becoming heavily owned by the institutional crowd."
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ALTR - NASDAQ - Computer Sftwr-Design Altair Engineering Cl A	$79.66	-4.49 -5.34%	$82.31	$84.92	-6.19%	269,116 76.45%	352,000
Most Recent Note for ALTR - 1/2/2024 12:15:04 PM Gapped down today retreating from its 52-week high following last week's volume-driven gains. Reported earnings +180% on +12% sales revenues for the Sep '23 quarter versus the year ago period. Prior 2 quarterly comparisons were below the +25% minimum earnings guideline (C criteraI0 and fundamental concerns remain.
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ASML - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate A S M L Holding N.V. NY	$728.77	-28.15 -3.72%	$730.77	$771.98	-5.60%	513,579 58.90%	872,000
Most Recent Note for ASML - 1/2/2024 12:18:27 PM Gapped down today, retreating after recently challenging its July '23 high. Reported Sep '23 quarterly earnings +21% on +25% sales revenues versus the year ago period. Prior quarterly earnings increases have not been strong and steady above the +25% minimum earnings guideline (C criteria). Went through a long choppy consolidation since dropped from the Featured Stocks list on 10/01/21.
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BGC - NYSE - MANUFACTURING - Industrial Electrical Equipmen General Cable Corp	$7.00	-0.23 -3.12%	$7.20	$7.32	-4.44%	1,514,990 60.92%	2,487,000
Most Recent Note for BGC - 1/2/2024 12:25:36 PM Pulling back today after hitting new multi-year highs with the prior volume-driven gain when noted in the mid-day report - "Fundamental concerns remain."
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BMI - NYSE - Machinery-Constr/Mining Badger Meter Inc	$156.69	+2.32 1.50%	$157.84	$170.86	-8.29%	101,514 69.06%	147,000
Most Recent Note for BMI - 1/2/2024 12:33:14 PM Faces near-term resistance up to the $170 level. Found support near its 200 DMA line during its consolidation since last noted in the 7/24/23 mid-day report. Reported Sep '23 quarterly earnings +44% on +26% sales revenues versus the year-ago period, its 3rd consecutive quarterly comparison above the +25% minimum guideline (C criteria). Annual earnings (A criteria) growth has been steady.
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GASS - NASDAQ - Transportation-Ship Stealthgas Inc	$7.05	+0.59 9.13%	$7.10	$7.12	-0.98%	244,891 94.19%	260,000
Most Recent Note for GASS - 1/2/2024 1:01:31 PM Found support near prior highs and above its 50 DMA line ($6.10) while consolidating and today's gain has it touching new multi-year highs. Prior mid-day reports cautioned members - "Fundamental concerns remain due to its erratic sales revenues and earnings history."
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JHX - NYSE - MATERIALS & CONSTRUCTION - Cement James Hardie Ind Plc Adr	$38.70	+0.03 0.08%	$39.00	$39.01	-0.79%	37,197 62.00%	60,000
Most Recent Note for JHX - 1/2/2024 1:03:50 PM This Ireland-based cement firm is holding its ground at its 52-week high. Steadily rallied after clearing its Aug '23 high with volume-driven gains. Noted in prior mid-day reports with caution - "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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LEGH - NASDAQ - Finance-Property REIT Legacy Housing Corp	$24.95	-0.28 -1.09%	$24.99	$25.73	-3.05%	33,644 73.14%	46,000
Most Recent Note for LEGH - 1/2/2024 1:04:14 PM Hovering near its 52-week high following a noted spurt of volume-driven gains. Fundamental concerns remain after it reported Sep '23 quarterly earnings +10% on -13% sales revenues versus the year ago period. Went through a deep consolidation since hitting a new all-time high when noted with caution in the 12/13/21 mid-day report - "This REIT's fundamentals are not a match with the fact-based investment system's guidelines."
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NEU - NYSE - CHEMICALS - Specialty Chemicals Newmarket Corporation	$546.36	+0.53 0.10%	$551.89	$578.33	-5.53%	27,928 62.06%	45,000
Most Recent Note for NEU - 1/2/2024 1:06:52 PM The Chemicals - Specialty firm has been hovering near its all-time high following volume-driven gains. Prior mid-day reports noted - "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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ORRF - NASDAQ - BANKING - Regional - Northeast Banks Orrstown Financial Svcs	$29.51	+0.01 0.03%	$29.68	$29.79	-0.94%	23,330 86.41%	27,000
Most Recent Note for ORRF - 1/2/2024 1:10:33 PM Hovering near its 52-week high today. Held its ground following noted volume-driven gains as it rallied above its Dec '22 high. Fundamental concerns remain.
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OVLY - NASDAQ - Banks-West/Southwest Oak Valley Bancorp	$29.85	-0.10 -0.33%	$30.13	$30.70	-2.77%	11,453 71.58%	16,000
Most Recent Note for OVLY - 1/2/2024 1:11:05 PM Perched near its 52-week high after volume-driven gains. Reported Sep '23 quarterly earnings +7% on +12% sales revenues versus the year-ago period breaking a streak of 4 quarterly comparisons with earnings increases above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been strong and steady.
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PLUS - NASDAQ - FINANCIAL SERVICES - Credit Services Eplus Inc	$80.51	+0.67 0.83%	$80.85	$81.38	-1.08%	126,285 102.67%	123,000
Most Recent Note for PLUS - 1/2/2024 1:11:54 PM Perched at its all-time high following a noted streak of gains marked by volume. It was dropped from the Featured Stocks list on 11/08/23 yet found prompt support at its 200 DMA line. Rebounded impressively following a gap down when reporting Sep '23 quarterly earnings +9% on +16% sales revenues versus the year-ago period results, below the +25% minimum earnings guideline (C criteria).
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REX - NYSE - Energy-Alternative/Other Rex American Resources	$47.72	+0.42 0.89%	$48.12	$51.19	-6.78%	75,527 62.94%	120,000
Most Recent Note for REX - 1/2/2024 1:14:22 PM Pulled back and found support near prior highs then rebounded near its 52-week high since last noted with caution in the 12/01/23 mid-day report - "Reported Oct '23 quarterly earnings +728% on +0% sales revenues versus the year-ago period. Prior quarterly and annual earnings history (C and A criteria) has not been a match with the fact-based investment system's guidelines."
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TIPT - NASDAQ - Financial Svcs-Specialty Tiptree Financial Cl A	$18.74	-0.22 -1.16%	$19.25	$19.51	-3.95%	39,066 61.04%	64,000
Most Recent Note for TIPT - 1/2/2024 1:15:38 PM Hovering near its all-time high following gains backed by above average volume when noted in the 12/15/23 mid-day report - "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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