Mid-Day Breakouts Report - Wednesday, April 24th, 2024

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, APRIL 24TH, 2024
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DOW 38351.79 -151.9 (-0.39%) | NASDAQ 15678.69 -17.95 (-0.11%) | S&P 500 5055 -15.55 (-0.31%)

Time of Screening : 4/24/2024 12:17:30 PM Report Released : 4/24/2024 1:03:45 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 65% 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
ALV - NYSE - AUTOMOTIVE - Auto Parts Autoliv Inc	$117.83	-0.16 -0.14%	$118.31	$124.38	-5.27%	384,314 81.08%	474,000
Most Recent Note for ALV - 4/24/2024 12:23:25 PM Finding support near its 50 DMA line ($117). Faces near-term resistance up to the $124 level. Reported Dec '23 quarterly earnings +104% on +18% sales revenues versus the year-ago period. This Swedish Auto/Truck Original Equipment firm has shown strong sales revenues and earnings increases in quartery comparisons versus the year-ago periods. Annual earnings history has been up and down.
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ASR - NYSE - TRANSPORTATION - Air Services, Other Grupo Aeroportuario Adr	$337.66	-0.72 -0.21%	$338.99	$342.16	-1.32%	29,453 70.13%	42,000
Most Recent Note for ASR - 4/24/2024 12:24:22 PM Hit a new 52-week high with 4 consecutive gains after testing support at its 50 DMA line ($307). Reported +34% earnings on +25% sales revenues for the Mar '24 quarter versus the year ago period. Fundamental concerns remain. Prior quarters were below the investment system's guidelines.
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BSX - NYSE - HEALTH SERVICES - Medical Instruments & Supplies Boston Scientific Corp	$73.50	+4.51 6.54%	$74.39	$69.21	6.20%	6,086,084 101.72%	5,983,000
Most Recent Note for BSX - 4/24/2024 12:27:40 PM Gapped up today for a new all-time high with a considerable 3rd consecutive volume-driven gain. Made steady progress since finding support near its 200 DMA line. Reported Mar '24 quarterly earnings +19% on +14% sales revenues versus the year ago period. Prior quarterly earnings increases also were below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) had a big downturn in FY '20.
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ETN - NYSE - MANUFACTURING - Diversified Machinery Eaton Corp Plc	$316.01	+3.17 1.01%	$325.41	$331.47	-4.66%	1,436,871 69.35%	2,072,000
Most Recent Note for ETN - 4/24/2024 12:31:38 PM Finding support above its 50 DMA line with a 3rd consecutive gain after pulling back from its all-time high. Reported Dec'23 quarterly earnings +24% on +11% sales revenues versus the year-ago period. Prior mid-day reports noted - "Its subpar sales revenues and earnings growth history remain a concern, fundamentally."
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FUTU - NASDAQ - Finance-Invest Bnk/Bkrs Futu Holdings Cl A Ads	$64.58	+2.65 4.28%	$65.49	$67.49	-4.31%	2,018,034 147.73%	1,366,000
Most Recent Note for FUTU - 4/24/2024 12:33:29 PM Found support near its 50 and 200 DMA lines recently and gapped up for a 2nd consecutive volume-driven gain challenging prior highs. Faces little resistance due to overhead supply up to the $72 level. Reported Dec '23 quarterly earnings -5% on +4% sales revenues versus the year ago period, below (C criteria) the +25% minimum earnings guideline. Annual earnings (A criteria) growth has been strong. China-based Financial firm completed a new Public Offering on 8/18/20. Completed its $12 IPO on 3/08/19.
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IR - NYSE - MANUFACTURING - Diversified Machinery Ingersoll-Rand Co Cl A	$91.47	+0.90 0.99%	$93.22	$96.17	-4.89%	2,092,892 90.52%	2,312,000
Most Recent Note for IR - 4/24/2024 12:36:40 PM Finding support near its 50 DMA line and perched within striking distance of its all-time high. Reported Dec '23 quarterly earnings +19% on +12% sales revenues versus the year-ago period, its 2nd quarterly earnings comparison below the +25% minimum guideline (C criteria).
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LII - NYSE - CONSUMER DURABLES - Appliances Lennox International Inc	$459.89	-16.78 -3.52%	$499.27	$501.72	-8.34%	246,862 104.16%	237,000
Most Recent Note for LII - 4/24/2024 12:39:31 PM Reversed into the red and back below its 50 DMA line ($470) after an early gain challenging its 52-week high. Reported +23% earnings on +0% sales revenues for the Mar '24 quarter versus the year-ago period. Prior 2 quarterly comparisons were above the +25% minimum earnings guideline (C criteria).
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LRN - NYSE - Consumer Svcs-Education Stride Inc	$63.18	+4.98 8.55%	$64.95	$69.70	-9.36%	905,052 125.35%	722,000
Most Recent Note for LRN - 4/24/2024 12:42:08 PM Gapped up today rebounding above its 50 DMA line ($60.32) toward its all-time high. Reported Mar '24 quarterly earnings +23% on +11% sales revenues verus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been strong after a downturn in FY '20.
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MAS - NYSE - MANUFACTURING - Industrial Equipment & Compone Masco Corp	$69.04	-3.97 -5.44%	$71.50	$78.94	-12.54%	1,951,659 92.85%	2,102,000
Most Recent Note for MAS - 4/24/2024 12:43:17 PM Gapped down today slumping further below its 50 DMA line. Reported earnings +8% on -3% sales revenues for the Mar '24 quarter versus the year ago period. Fundamental concerns remain due to sub par sales revenues growth not indicative of great demand for new products or services (N criteria).
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NFLX - NASDAQ - SPECIALTY RETAIL - Music & Video Stores Netflix Inc	$553.63	-24.12 -4.17%	$576.91	$639.00	-13.36%	2,557,287 70.39%	3,633,000
Most Recent Note for NFLX - 4/24/2024 12:46:51 PM Gapped down on 4/19/24 violating its 50 DMA line ($604) with a damaging volume-driven loss and prior mid-day reports cautioned members - "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	$16.20	-0.04 -0.22%	$16.52	$16.25	-0.34%	20,904 99.54%	21,000
Most Recent Note for NTIC - 4/24/2024 12:47:42 PM Hitting a new 52-week high with today's gain adding to recent gains backed by 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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NVMI - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Nova Ltd	$166.17	-2.01 -1.20%	$173.14	$190.51	-12.78%	846,966 504.15%	168,000
Most Recent Note for NVMI - 4/24/2024 12:50:17 PM Reversed into the red after an early gain today challenging its 50 DMA line ($172.58). Recently slumped from its all-time high. Prior mid-day reports 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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NX - NYSE - METALS & MINING - Steel & Iron Quanex Building Products	$33.56	-1.19 -3.42%	$35.14	$39.31	-14.63%	119,317 65.20%	183,000
Most Recent Note for NX - 4/24/2024 12:50:41 PM Slumped from its 52-week high and below its 50 DMA line while encountering distributional pressure. Noted with caution in prior mid-day reports - "Reported Jan '24 quarterly earnings +0% on -9% sales revenues versus the year-ago period and fundamental concerns remain. Annual earnings (A criteria) has been strong after a downturn in FY '17 and '18."
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SAP - NYSE - COMPUTER SOFTWARE & SERVICES - Application Software S A P Ag Adr	$186.77	-1.24 -0.66%	$189.27	$199.29	-6.28%	475,999 65.38%	728,000
Most Recent Note for SAP - 4/24/2024 12:53:26 PM Gapped up rebounding to its 50 DMA line ($187) with 2 consecutive volume-driven gains after retreating from its all-time high. Reported earnings +8% on +8% sales revenues for the quarter ended Mar 31, 2024 versus the year ago period, 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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VCTR - NASDAQ - Finance-Investment Mgmt Victory Capital Hld	$49.48	-1.16 -2.29%	$50.97	$50.89	-2.77%	413,768 103.18%	401,000
Most Recent Note for VCTR - 4/24/2024 12:54:14 PM Powered to new 52-week highs with 6 consecutve volume-driven gains, getting very 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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VRT - NYSE - Electrical-Power/Equipmt Vertiv Holdings Llc	$84.05	+4.88 6.16%	$94.39	$88.70	-5.24%	16,262,855 190.25%	8,548,000
Most Recent Note for VRT - 4/24/2024 12:57:11 PM Erased much of today's big early gain after gapping up and hitting a new all-time high. Found prompt support near its 50 DMA line ($75). Showed very strong quarterly earnings increases through Mar '24 versus the year-ago periods, but sequential comparisons show worrisome deceleration in its sales revenues and earnings growth rate. Limited history is a concern. Annual earnings history has been up and down.
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WAB - NYSE - AUTOMOTIVE - Auto Parts Wabtec	$161.35	+12.87 8.66%	$167.49	$151.00	6.85%	1,682,454 163.50%	1,029,000
Most Recent Note for WAB - 4/24/2024 1:00:03 PM Gapped up today for a considerable volume-driven gain hitting new 52-week and all-time highs. Reported Mar '24 quarterly earnings +48% on +14% sales revenues versus the year ago period. Only 2 of the 4 latest quarterly comparisons were above the +25% guideline (C criteria). Annual earnings had a downturn in FY '20 lin=ke many companies during the pandemic.
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WRB - NYSE - Insurance-Prop/Cas/Titl Berkley W R Corp	$78.13	-0.95 -1.20%	$78.65	$89.19	-12.40%	950,601 77.54%	1,226,000
Most Recent Note for WRB - 4/24/2024 1:03:40 PM Slumping well below its 50 DMA line with volume-driven losses. Reported earnings +56% on +12% sales revenues for the Mar '24 quarter versus the year ago period, its 3rd quarterly comparison above the +25% minimum guideline (C criteria). Shares split 3:2 effective 3/24/22.
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