Mid-Day Breakouts Report - Monday, March 11th, 2024

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MIDDAY BREAKOUTS REPORT - MONDAY, MARCH 11TH, 2024
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DOW 38656.41 -66.28 (-0.17%) | NASDAQ 16049.34 -35.78 (-0.22%) | S&P 500 5110 -13.69 (-0.27%)

Time of Screening : 3/11/2024 12:04:40 PM Report Released : 3/11/2024 12:39:27 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
PAY - NYSE Paymentus Holdings	$20.82	+1.61 8.38%	$20.85	391,901 191.17% of 50 DAV 50 DAV is 205,000	$21.02 -0.95%	3/5/2024	$19.97	PP = $18.89 MB = $19.83
Most Recent Note - 3/11/2024 12:21:50 PM G - Challenging the 3/05/24 high with today's 2nd consecutive volume-driven gain and its color code is changed to green after rising above its "max buy" level. Prior highs in the $18 range define important initial support to watch on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 3/5/2024. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
CLS - NYSE - Elec-Contract Mfg Celestica Inc	$43.83	-2.27 -4.92%	$45.48	$49.36	-11.20%	2,798,041 126.09%	2,219,000
Most Recent Note for CLS - 3/11/2024 12:06:11 PM Gapped down today following a "negative reversal" at its 52-week high on the prior session. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Rallied steadily after finding prompt support near its 50 DMA line in January. Reported earnings +36% on +5% sales revenues for the Dec '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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COST - NASDAQ - RETAIL - Discount, Variety Stores Costco Wholesale Corp	$716.09	-9.47 -1.31%	$720.00	$787.08	-9.02%	1,672,055 77.48%	2,158,000
Most Recent Note for COST - 3/11/2024 12:07:52 PM Gapped down for a 2nd consecutive session today slumping toward its 50 DMA line ($706.64), abruptly retreating from its 52-week high. Very extended from any sound base. Fundamental concerns remain. Reported earnings +12% on +6% sales revenues for the Feb '24 quarter versus the year ago period. Prior quarterly earnings comparisons were not strong and steady above the +25% minimum guideline (C criteria).
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FIX - NYSE - MATERIALS & CONSTRUCTION - General Contractors Comfort Systems U S A	$298.06	-11.96 -3.86%	$309.38	$329.43	-9.52%	206,199 61.19%	337,000
Most Recent Note for FIX - 3/11/2024 12:09:07 PM Pulling back from its all-time high hit last week. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Found support at its 200 DMA line and then rebounded and made steady progress since dropped from the Featured Stocks list on 10/03/23. Fundamentals remain strong after reporting Dec '23 quarterly earnings +66% on +22% sales revenues versus the year-ago period.
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HMY - NYSE - METALS & MINING - Gold Harmony Gold Mng Co Adr	$7.84	+0.70 9.80%	$7.85	$7.23	8.44%	6,239,742 132.48%	4,710,000
Most Recent Note for HMY - 3/11/2024 12:11:57 PM Rebounded well above its 50 DMA line ($6) and rallied to new multi-year highs with 8 consecutive volume-driven gains. Reported strong Sep and Dec '23 quarterly earnings results versus the year-ago periods. Annual earnings history (A criteria) has been erratic and included a downturn in FY '22, not a match with the fact-based investment system's fundamental guidelines.
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IESC - NASDAQ - Bldg-Maintenance & Svc Integrated Electric Svcs	$105.80	-7.75 -6.83%	$112.93	$117.75	-10.15%	135,201 175.59%	77,000
Most Recent Note for IESC - 3/11/2024 12:13:31 PM Pulling back from its all-time high with today's big volume-driven loss after a "negative reversal" on the prior session. Last noted with caution in the 3/01/24 mid-day report - "Reported greatly improved earnings for the Mar, Jun, Sep, and Dec '23 quarters versus the year-ago periods but with subpar sales revenues growth which is not a match with the winning models of the fact-based investment system. There was a downturn in FY '22 earnings (A criteria)."
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LIN - NYSE - Chemicals-Specialty Linde Plc	$469.42	+6.87 1.48%	$473.98	$467.77	0.35%	1,498,107 88.44%	1,694,000
Most Recent Note for LIN - 3/11/2024 12:14:17 PM This UK-based Chemicals - Specialty firm is hitting another new all-time high with today's gap up gain. Fundamental concerns remain. Through Dec '23 its 9 latest quarterly earnings comparisons versus the year ago periods were below the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been steady.
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NMM - NYSE - TRANSPORTATION - Shipping Navios Maritime Partners	$44.04	-0.26 -0.59%	$44.45	$44.33	-0.65%	187,240 127.37%	147,000
Most Recent Note for NMM - 3/11/2024 12:16:17 PM Perched at its 52-week high today following 3 consecutive volume-driven gains. Quarterly comparisons through Dec '23 showed subpar sales revenues and earnings increases. Annual earnings (A criteria) history has been erratic.
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NVDA - NASDAQ - ELECTRONICS - Semiconductor - Specialized Nvidia Corp	$873.92	-1.36 -0.16%	$887.97	$974.00	-10.28%	37,746,611 73.72%	51,203,000
Most Recent Note for NVDA - 3/11/2024 12:17:21 PM Pulling back today following a big "negative revrsal" on the prior session after hitting yet another new all-time high. Reported Jan '24 quarterly earnings +486% on +265% sales revenues versus the year ago period, its 3rd very strong quarter. Prior 3 quarterly comparisons were down from the year-ago periods. Annual earnings (A criteria) history has been up and down, noted as a flaw with regard to the fact-based investment system's guidelines. Completed the Mellanox Technologies (MLNX) acquisition on 4/27/20.
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NVMI - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Nova Ltd	$167.03	-8.30 -4.73%	$169.79	$190.51	-12.32%	127,617 79.76%	160,000
Most Recent Note for NVMI - 3/11/2024 12:19:03 PM Gapped down today, retreating from its all-time high hit last week following a noted spurt of volume-driven gains. The 3/06/24 mid-day report last cautioned members again - "Reported Dec '23 quarterly earnings +6% on -11% sales revenues versus the year-ago period, its 6th quarterly comparison below the +25% minimum earnings guideline (C criteria). This Semiconductor Equipment firm headquartered in Israel went through a deep consolidation since noted with caution in the 12/31/21 mid-day report. Annual earnings history (A criteria) has been up and down."
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SAP - NYSE - COMPUTER SOFTWARE & SERVICES - Application Software S A P Ag Adr	$189.68	-3.31 -1.72%	$189.89	$195.99	-3.22%	558,945 73.26%	763,000
Most Recent Note for SAP - 3/11/2024 12:27:29 PM Pulling back from its all-time high hit last week. Wedged higher in recent week, yet making steady progress since finding prompt support at its 50 DMA line ($173) in January. Reported earnings +48% on +8% sales revenues for the quarter ended Dec 31, 2023 versus the year ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) had a big doiwnturn in FY '22. It also has a huge supply of 1.17 billion shares outstanding (S criteria), making it less likely to be a good sprinter.
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TIMB - NYSE - Telecom Svcs- Foreign TIMSA Ads	$18.52	-0.45 -2.37%	$19.02	$19.14	-3.24%	264,692 58.30%	454,000
Most Recent Note for TIMB - 3/11/2024 12:29:16 PM Perched near its 52-week high but pulling back today following volume-driven gains. Brazilian Telecom firm reported strong Jun, Sep, and Dec '23 earnings results versus the year-ago periods. Prior history (A criteria) has been srratic and not a match with the fundamental guidelines of the fact-based investment system.
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UFPT - NASDAQ - CONSUMER NON-DURABLES - Packaging & Containers U F P Tech Inc	$198.99	-0.96 -0.48%	$199.56	$221.02	-9.97%	58,059 100.10%	58,000
Most Recent Note for UFPT - 3/11/2024 12:33:52 PM Pulled back below the prior high ($205) raising concerns after rallying to new all-time highs with recent volume-driven gains. Last noted with caution in the 2/23/24 mid-day report - "Reported earnings +33% on +11% sales revenues for the Dec '23 quarter versus the year ago period. Three of the 4 latest quarterly earnings increases were above the +25% minimum guideline (C criteria), however deceleration in its sales revenues growth rate is a concern. Annual earnings (A criteria) growth has been strong after a downturn in FY '20 like many firms during the pandemic."
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VRT - NYSE - Electrical-Power/Equipmt Vertiv Holdings Llc	$66.75	-2.62 -3.78%	$68.32	$74.41	-10.29%	4,847,703 71.91%	6,741,000
Most Recent Note for VRT - 3/11/2024 12:35:23 PM Very extended from any sound base and pulling back today following a "negative reversal" on the prior session after hitting a new all-time high. Showed very strong quarterly earnings increases through Dec '23 versus the year-ago periods. Limited history is a concern. Annual earnings history has been up and down.
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VSEC - NASDAQ - DIVERSIFIED SERVICES - Technical Services V S E Corp	$74.74	-1.98 -2.58%	$75.65	$78.00	-4.18%	56,770 64.51%	88,000
Most Recent Note for VSEC - 3/11/2024 12:37:14 PM Extended from any sound base, it churned heavy volume last week while hitting a new 52-week high. Earnings increases were above the +25% minimum earnings guideline (C criteria) in the 5 latest quarterly comparisons through Dec '23 versus the year ago period. Annual earnings history (A criteria) has not been strong and steady.
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WING - NASDAQ - Retail-Restaurants Wingstop Inc	$338.00	-15.99 -4.52%	$351.00	$375.32	-9.94%	339,509 78.23%	434,000
Most Recent Note for WING - 3/11/2024 12:39:22 PM Extended from any sound base and retreating from its all-time high with today's 2nd volume-driven loss. Last noted in the 2/22/24 mid-day report - "Reported Dec '23 quarterly earnings +7% on +21% sales revenues versus the year-ago period, breaking a streak of 5 strong quarterly comparisons above the +25% minimum earnings guideline (C criteria). Annual earnings growth has been strong after a downturn in FY '19."
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