Mid-Day Breakouts Report - Monday, April 22nd, 2024

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MIDDAY BREAKOUTS REPORT - MONDAY, APRIL 22ND, 2024
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DOW 38121.2 134.8 (0.35%) | NASDAQ 15363.45 81.44 (0.53%) | S&P 500 4991.47 24.24 (0.49%)

Time of Screening : 4/22/2024 12:27:33 PM Report Released : 4/22/2024 1:15:13 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
AXP - NYSE - FINANCIAL SERVICES - Credit Services American Express Co	$231.40	+0.36 0.16%	$232.73	$231.69	-0.13%	1,924,014 66.03%	2,914,000
Most Recent Note for AXP - 4/22/2024 12:32:55 PM This well known Finance - Credit Card Payment Processing firm found support at its 50 DMA line ($220) and rallied to reach a new all-time high today following a big volume-driven gain on the prior session. Reported Mar '24 quarterly earnings +38% on +13% sales revenues versus the year ago period, its 3rd quarterly comparison above the +25% minimum guideline (C criteria). Up and down annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines.
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AZZ - NYSE - MANUFACTURING - Industrial Equipment & Compone A Z Z Incorporated	$76.19	+1.39 1.86%	$79.49	$82.10	-7.20%	131,570 85.99%	153,000
Most Recent Note for AZZ - 4/22/2024 12:35:04 PM Finding support above its 50 DMA line with today's gain following a streak of 6 losses from its 52-week high. Reported earnings +213% on +9% sales revenues for the Feb '24 quarter versus the year-ago period. Fundamental concerns remain as when noted with caution in the 7/12/16 mid-day report - "Sub par sales revenues erratic annual earnings (A criteria) history do not match with the fundamental criteria of the fact-based investment system."
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CAH - NYSE - WHOLESALE - Drugs Wholesale Cardinal Health Inc	$102.81	-5.38 -4.97%	$104.50	$116.04	-11.40%	2,811,546 127.51%	2,205,000
Most Recent Note for CAH - 4/22/2024 12:36:39 PM Gapped down today slumping toward its 200 DMA line. Last noted with caution in the 2/01/24 mid-day report - "Reported Dec '23 quarterly earnings +38% on +12% sales revenues following up on the 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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CHCI - NASDAQ - Bldg-Resident/Comml Comstock Holding Cl A	$7.70	+0.52 7.24%	$7.71	$7.20	6.94%	49,756 331.71%	15,000
Most Recent Note for CHCI - 4/22/2024 12:38:18 PM Hitting new multi-year highs with today's 6th consecutive volume-driven gain. Reported improved sales revenues and earnings increases in the Sep and Dec '23 quarters but fundamental concerns remain.
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COR - NYSE - REAL ESTATE - REIT - Diversified/Industrial Coresite Realty Corp	$237.13	-2.00 -0.84%	$239.01	$246.75	-3.90%	1,071,640 91.67%	1,169,000
Most Recent Note for COR - 4/22/2024 12:39:26 PM Finding support near its 50 DMA line ($237) after pulling back from its all-time high. This REIT recently reported earnings +21% on +15% sales revenues for the Dec '23 quarter. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria).
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CRTO - NASDAQ - Comml Svcs-Advertising Criteo SA Ads	$35.84	+0.42 1.19%	$36.75	$36.62	-2.13%	457,385 171.95%	266,000
Most Recent Note for CRTO - 4/22/2024 12:41:02 PM Perched within striking distance of its Feb '23 high. Found support last week while consolidating near its 50 DMA line. Reported earnings +81% on +0% sales revenues for the Dec '23 quarter versus the year ago period, its 3rd consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria) but with subpar sales revenues growth. Annual earnings history (A criteria) has been up and down, not a good match with the fact-based investment system's fundamental guidelines.
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FCX - NYSE - METALS & MINING - Copper Freeport Mcmrn Cpr&Gld	$48.77	-0.85 -1.70%	$49.10	$52.42	-6.97%	9,539,757 66.45%	14,357,000
Most Recent Note for FCX - 4/22/2024 12:42:05 PM Gapped down today and retreating from multi-year highs with recent volume-driven losses. Fundamental concerns remain. This Phoenix, AZ-based Mining - Metal Ores firm has an erratic quarterly and annual earnings (C and A criteria) history, not a match with the fact-based investment system's fundamental guidelines.
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GRC - AMEX - MANUFACTURING - Diversified Machinery Gorman-Rupp Co	$36.18	+0.16 0.44%	$36.56	$40.00	-9.55%	66,602 88.80%	75,000
Most Recent Note for GRC - 4/22/2024 12:43:33 PM Slumped from its 52-week high and below its 50 DMA line ($37.33) with recent losses. Reported earnings above the +25% minimum guideline (C criteria) in the past 3 quarterly comparisons through Dec '23 but fundamental concerns remain. Prior quarterly comparisons were subpar and its up and down annual earnings (A criteria) history makes it fall below the fact-based investment system's fundamental guidelines.
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HMY - NYSE - METALS & MINING - Gold Harmony Gold Mng Co Adr	$8.71	-0.59 -6.30%	$8.77	$9.80	-11.17%	4,213,428 63.12%	6,675,000
Most Recent Note for HMY - 4/22/2024 12:44:54 PM Gapped down from multi-year highs today and recently encountering distributional pressure. Prior mid-day reports noted - "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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IGIC - NASDAQ - INSURANCE - Property & Casualty Insurance International Gen Ins Hld	$13.34	+0.17 1.26%	$13.50	$14.14	-5.68%	36,822 59.39%	62,000
Most Recent Note for IGIC - 4/22/2024 12:48:21 PM Finding support while consolidating near its 50 DMA line ($13.12) and it remains perched within striking distance of its 52-week high. Noted with caution in prior mid-day reports - "Reported Dec '23 quarterly earnings +57% on +17% sales revenues versus the year-ago period. Fundamental concerns remain for this Jordan-based specialty Insurance firm."
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KB - NYSE - BANKING - Foreign Regional Banks K B Financial Group Adr	$49.95	+3.71 8.01%	$50.28	$58.52	-14.65%	121,914 58.61%	208,000
Most Recent Note for KB - 4/22/2024 12:51:58 PM Slumped from multi-year highs and below its 50 DMA line ($51) in recent weeks, rebounding near that important short-term average with today's gap up gain. Noted with caution in prior mid-day reports - "Reported strong Dec '23 quarterly earnings versus the year ago period. Prior quarterly and annual earnings history has been subpar. Fundamental concerns remain for this South Korean banking firm."
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KGC - NYSE - METALS & MINING - Gold Kinross Gold Corp	$6.46	-0.31 -4.58%	$6.57	$6.82	-5.28%	11,693,006 73.87%	15,830,000
Most Recent Note for KGC - 4/22/2024 12:54:40 PM Gapped down today. Touched a new 52-week high and managed a new high close on the prior session with a big 3rd consecutive gain. Prior mid-day reports noted - "Reported Dec '23 quarterly earnings +22% on +4% sales revenues versus the year ago period. The 5 prior quarterly earnings increases were well above the +25% minimum guideline (C criteria). Its up and down annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines."
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MCK - NYSE - WHOLESALE - Drugs Wholesale Mckesson Corp	$530.52	+5.69 1.08%	$530.97	$543.00	-2.30%	472,855 71.21%	664,000
Most Recent Note for MCK - 4/22/2024 12:57:08 PM Consolidating near its all-time high and finding support near its 50 DMA line in recent weeks. Fundamental concerns remain. Reported earnings +12% on +15% sales revenues for the Dec '23 quarter versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). It has a strong and steady annual earnings (A criteria) history.
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NFLX - NASDAQ - SPECIALTY RETAIL - Music & Video Stores Netflix Inc	$554.35	-0.69 -0.12%	$556.79	$639.00	-13.25%	4,604,243 132.08%	3,486,000
Most Recent Note for NFLX - 4/22/2024 1:01:38 PM Gapped down on the prior session and noted with caution in the prior mid-day report when violating its 50 DMA line ($604) with a damaging volume-driven loss - "Reported very strong Mar '24 quarterly earnings +83% on +15% sales revenues versus the year ago period. Not a match with the winning models of the fact-based investment system. Prior earnings increases have not been strong and steady above the +25% minimum earnings guideline (C criteria). 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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NTIC - NASDAQ - CHEMICALS - Specialty Chemicals Northern Tech Intl Corp	$15.49	-0.16 -1.02%	$15.95	$15.96	-2.94%	19,282 101.48%	19,000
Most Recent Note for NTIC - 4/22/2024 1:03:47 PM Hovering near its 52-week high and recently churning above-average volume. Reported earnings +260% on +14% sales revenues for the Feb '24 quarter versus the year-ago period, its 2nd consecutive quarterly comparison with earnings above the +25% minimum guideline (C criteria). Fundamental concerns remain with respect to the prior quarterly and annual earnings (C and A criteria).
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SAP - NYSE - COMPUTER SOFTWARE & SERVICES - Application Software S A P Ag Adr	$177.27	+1.50 0.85%	$177.73	$199.29	-11.05%	486,079 70.04%	694,000
Most Recent Note for SAP - 4/22/2024 1:08:40 PM Slumped well below its 50 DMA line ($187) with recent volume-driven losses while retreating from its all-time high. 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 downturn 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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TM - NYSE - AUTOMOTIVE - Auto Manufacturers - Major Toyota Motor Corp Adr	$229.23	+0.51 0.22%	$229.39	$255.23	-10.19%	176,077 61.78%	285,000
Most Recent Note for TM - 4/22/2024 1:13:21 PM Wedged to new all-time highs with recent gains lacking great volume conviction then slumped well below its 50 DMA line ($239) and undercut the prior low ($230) during a noted streak of 6 consecutive losses. Reported earnings +75% on +15% sales revenues for the Dec '23 quarter versus the year ago period, its 3rd strong quarterly comparison. Fundamental concerns remain due to its up and down annual earnings (A criteria) history which is not a match with the fact-based investment system's guidelines.
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VCTR - NASDAQ - Finance-Investment Mgmt Victory Capital Hld	$48.54	+1.07 2.25%	$48.56	$47.85	1.44%	233,008 58.84%	396,000
Most Recent Note for VCTR - 4/22/2024 1:15:07 PM Powering to a new 52-week high with today's 5th consecutve volume-driven gain, extended from any sound base. Reported Dec '23 quarterly earnings +10% on +2% sales revenues versus the year-ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria) and fundamental concerns remain. Completed its $13 IPO on 2/08/18.
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