Mid-Day Breakouts Report - Friday, January 12th, 2024

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MIDDAY BREAKOUTS REPORT - FRIDAY, JANUARY 12TH, 2024
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DOW 37523.48 -187.54 (-0.50%) | NASDAQ 14955.34 -14.84 (-0.10%) | S&P 500 4777.6 -2.64 (-0.06%)

Time of Screening : 1/12/2024 12:37:15 PM Report Released : 1/12/2024 1:12:29 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
KOF - NYSE Coca Cola Femsa Sab Ads	$93.38	+3.60 4.01%	$93.71	156,581 113.46% of 50 DAV 50 DAV is 138,000	$99.34 -6.00%	1/12/2024	$93.38	PP = $99.34 MB = $104.31
Most Recent Note - 1/12/2024 1:02:35 PM Y - Color code is changed to yellow as a valid secondary buy point exists up to +5% above the recent high since finding support at its 10 WMA line after an earlier breakout. Posting a big volume-driven gain today, finding prompt support near prior highs in the $90 area and above its 50 DMA line. Its Relative Strength Rating is currently 81, just above the 80+ minimum guideline for buy candidates. It was dropped from the Featured Stocks list on 9/21/23 and slumped well below its 200 DMA line then rebounded and rallied to a new high. >>> The latest Featured Stock Update with an annotated graph appeared on 9/14/2023. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
CSWI - NASDAQ - Chemicals-Specialty C S W Industrials Inc	$213.02	+1.53 0.72%	$215.18	$213.07	-0.02%	42,237 59.49%	71,000
Most Recent Note for CSWI - 1/12/2024 12:49:08 PM Hitting another new all-time high with today's 3rd consecutive volume-driven gain. Reported earnings +23% on +7% sales revenues for the Sep '23 quarter versus the year ago period, its 2nd consecutive quarterly comparison below the +25% minimum guideline (C criteria). Annual earnings history (A criteria) and sales revenues growth rate has been steady.
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DB - NYSE - BANKING - Money Center Banks Deutsche Bk Ag Adr	$13.12	-0.31 -2.31%	$13.36	$14.02	-6.42%	4,189,220 171.20%	2,447,000
Most Recent Note for DB - 1/12/2024 12:49:52 PM Gapped down today for a 2nd consecutive volume-driven loss, retreating from its 52-week highs after wedging higher with recent small gains backed by average volume. Noted in prior mid-day reports with caution - "Erratic quarterly and annual earnings history leaves fundamental concerns."
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DOCU - NASDAQ - Computer Sftwr-Enterprse Docusign Inc	$63.60	+2.25 3.67%	$63.81	$69.45	-8.42%	5,411,438 113.28%	4,777,000
Most Recent Note for DOCU - 1/12/2024 12:50:44 PM Went through a deep consoidation since dropped from the Featured Stocks list on 9/21/21. Reported Oct '23 quarterly earnings 39% on +9% sales revenues versus the year ago period. Earnings increases have been above the +25% minimum guideline (C criteria) in the 4 latest quarters, however, sequential quarterly comparisons show worrisome deceleration in its sales revenues growth rate. Annual earnings (A criteria) were flat in FY '23 versus '22.
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EWBC - NASDAQ - BANKING - Regional - Pacific Banks East West Bancorp Inc	$71.58	-0.77 -1.06%	$73.07	$80.98	-11.61%	904,597 92.87%	974,000
Most Recent Note for EWBC - 1/12/2024 12:51:32 PM Reported earnings -3% on +3% sales revenues for the Sep '23 quarter versus the year ago period. Fundamentals are not a good match with the fact-based investment system's guidelines.
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FOUR - NYSE - Finance-CrdtCard/PmtPr Shift4 Payments	$76.04	+1.09 1.45%	$78.97	$76.51	-0.61%	1,048,747 83.37%	1,258,000
Most Recent Note for FOUR - 1/12/2024 12:53:41 PM Hit a new 52-week high with today's early gain before pulling back. Quarterly results through Sep '23 have shown strong sales revenues and earnings growth. Limited annual earnings history (A criteria) is a concern, but after a loss in FY '20 it showed great earnings growth in FY '21 and '22.
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HOV - NYSE - MATERIALS & CONSTRUCTION - Residential Construction Hovnanian Enterprises A	$161.98	-0.77 -0.47%	$166.00	$167.39	-3.23%	50,784 59.75%	85,000
Most Recent Note for HOV - 1/12/2024 12:54:16 PM Hovering near multi-year highs after a few tight weeks consolidating with volume totals cooling. 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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IHG - NYSE - LEISURE - Lodging Intercontinental Hotels	$92.55	+0.26 0.28%	$93.90	$93.54	-1.06%	94,762 60.36%	157,000
Most Recent Note for IHG - 1/12/2024 12:55:09 PM Wedging to new all-time highs with gains lacking great volume conviction. Reported earnings +50% on +24% sales revenues for the quarter ended June 30th, 2023 versus the year ago period and prior quarterly comparisons were well above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) included a big downturn in FY '20.
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JPM - NYSE - BANKING - Money Center Banks J P Morgan Chase & Co	$169.93	-0.37 -0.22%	$176.31	$173.38	-1.99%	12,050,753 136.57%	8,824,000
Most Recent Note for JPM - 1/12/2024 12:58:16 PM Gapped up today and hit a new 52-week high but quickly reversed into the red with volume running at an above average pace. Reported earnings +19% on +12% sales revenues for the Dec '23 quarter versus the year-ago period, below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history is not a great match with the fact-based investment system's fundamental guidelines. Went through a deep consolidation since noted with caution in the 10/13/21 mid-day report.
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LII - NYSE - CONSUMER DURABLES - Appliances Lennox International Inc	$431.80	-9.93 -2.25%	$444.57	$451.35	-4.33%	157,701 62.09%	254,000
Most Recent Note for LII - 1/12/2024 1:04:01 PM Consolidating above its 50 DMA line. Reported +30% earnings on +10% sales revenues for the Sep '23 quarter versus the year-ago period. Prior quarterly comparisons were subpar, well below the +25% minimum earnings guideline (C criteria).
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NFLX - NASDAQ - SPECIALTY RETAIL - Music & Video Stores Netflix Inc	$495.80	+3.57 0.73%	$500.79	$503.41	-1.51%	2,994,181 78.65%	3,807,000
Most Recent Note for NFLX - 1/12/2024 1:06:26 PM Perched at its 52-week high with today's 2nd consecutive volume-driven gain. Through the Sep '23 quarter its earnings increases have been below the +25% minimum earnings guideline (C criteria), not a match with the winning models of the fact-based investment system. Annual earnings (A criteria) history had a downturn in FY '22. It was dropped from the Featured Stocks list on 10/30/20.
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PNNT - NASDAQ - Finance-Investment Mgmt Pennantpark Investment	$6.99	-0.01 -0.14%	$7.07	$7.20	-2.92%	248,708 59.93%	415,000
Most Recent Note for PNNT - 1/12/2024 1:07:04 PM Consoidating near its 52-week high following a noted spurt of small gains marked by above average volume. Faces some old resistance due to overhead supply up to the $8 level. Reported Sep '23 quarterly earnings +71% on +18% sales revenues versus the year-ago period, its 3rd strong quarterly comparison with earnings above the +25% minimum earnings guideline (C criteria) versus the year-ago period. Annual eanings history (A criteria) had a downturn from FY '17-21 then improved in FY '22 and even better in '23.
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REX - NYSE - Energy-Alternative/Other Rex American Resources	$44.00	+0.31 0.71%	$45.11	$51.19	-14.05%	81,048 64.84%	125,000
Most Recent Note for REX - 1/12/2024 1:10:11 PM Pulled back from its 52-week high, consolidating above its 50 DMA line ($42). Noted with caution in prior mid-day reports - "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	$20.55	-0.03 -0.12%	$20.80	$20.62	-0.36%	66,502 82.10%	81,000
Most Recent Note for TIPT - 1/12/2024 1:10:29 PM Perched at its all-time high following volume-driven gains. 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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TK - NYSE - TRANSPORTATION - Shipping Teekay Corp	$8.07	+0.20 2.54%	$8.29	$8.03	0.50%	432,214 68.82%	628,000
Most Recent Note for TK - 1/12/2024 1:11:19 PM Gapped up today hitting a new 52-week high with today's gain adding to noted volume-driven gains. Reported Sep '23 quarterly earnings +80% on +3% sales revenues versus the year-ago period. Earnings were very strong in prior quarterly comparisons versus the year-ago periods, however its sales revenues growth rate has show worrisome sequential deceleration in quarterly comparisons. Annual earnings history has been erratic.
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