Mid-Day Breakouts Report - Tuesday, May 7th, 2024

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MIDDAY BREAKOUTS REPORT - TUESDAY, MAY 7TH, 2024
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DOW 38931.06 78.79 (0.20%) | NASDAQ 16375.43 26.18 (0.16%) | S&P 500 5193 12.26 (0.24%)

Time of Screening : 5/7/2024 12:02:50 PM Report Released : 5/7/2024 12:43:21 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

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
AXON - NASDAQ Axon Enterprise Inc	$315.31	-12.33 -3.76%	$317.50	466,055 83.82% of 50 DAV 50 DAV is 556,000	$329.87 -4.41%	4/5/2024	$309.90	PP = $325.73 MB = $342.02
Most Recent Note - 5/7/2024 12:05:58 PM Y - Reported Mar '24 quarterly earnings +31% on +34% sales revenues versus the year ago period. Fundamentals remain strong. Gapped down today testing its 50 DMA line ($310) after a gain with +41% above-average volume for a best-ever close on the prior session. The gain and strong close above the pivot point backed by at least +40% above average volume triggered a technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 4/29/2024. Click here.
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TDG - NYSE Transdigm Group Inc	$1,268.72	-32.91 -2.53%	$1,277.57	168,116 86.21% of 50 DAV 50 DAV is 195,000	$1,309.43 -3.11%	4/12/2024	$1,224.21	PP = $1,246.32 MB = $1,308.64
Most Recent Note - 5/7/2024 12:39:29 PM Y - Gapped down today after reporting Mar '24 quarterly earnings +34% on +21% sales revenues versus the year-ago period. Pulling back from a new all-time high after gains above the pivot point backed by at least +40% above average volume triggered a technical buy signal. Its 50 DMA line ($1,215) defines near-term support to watch on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 4/30/2024. Click here.
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USLM - NASDAQ United States Lime&Mnrls	$369.10	+8.85 2.46%	$371.19	19,492 81.22% of 50 DAV 50 DAV is 24,000	$369.10 0.00%	2/9/2024	$254.68	PP = $265.09 MB = $278.34
Most Recent Note - 5/7/2024 12:41:34 PM G - Posting a 8th consecutive gain today for yet another new all-time high. Its 50 DMA line ($297) and recent lows define near-term support to watch. Bullish action came after it reported Mar '24 quarterly earnings +31% on +7% sales revenues versus the year-ago period. >>> The latest Featured Stock Update with an annotated graph appeared on 4/26/2024. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ARIS - NYSE - Pollution Control Aris Water Solutions Cl A	$15.50	+0.49 3.23%	$15.69	$15.33	1.08%	386,272 110.36%	350,000
Most Recent Note for ARIS - 5/7/2024 12:03:38 PM Rallying to another new 52-week high with today's 4th consecutive gain backed by ever-increasing volume. Due to report Mar '24 quarterly results on 5/08/24. Reported Dec '23 quarterly earnings +73% on +26% sales revenues versus the year ago period. Fundamental concerns remain. Noted with caution in prior mid-day reports - "Limited history is a concern after its $13 IPO on 10/22/21."
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BAND - NASDAQ - Computer Sftwr-Enterprse Bandwidth Inc Cl A	$23.96	+3.45 16.82%	$25.02	$21.68	10.52%	620,721 152.89%	406,000
Most Recent Note for BAND - 5/7/2024 12:09:15 PM Reported strong Mar '24 quarterly results. Gapped up today for a considerable volume-driven gain. Prior quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's fundamental guidelines.
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BCSF - NYSE - Financial Svcs-Specialty Bain Capital Specialty Finance	$16.66	-0.14 -0.84%	$16.90	$16.94	-1.66%	250,973 78.43%	320,000
Most Recent Note for BCSF - 5/7/2024 12:11:05 PM It stalled after hitting a new 52-week high last week. Reported Dec '23 quarterly earnings +46% on +20% sales revenues versus the year-ago period, and 3 of the 4 latest quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Up and down annual earnings (A criteria) history is a concern after a downturn in FY '20-21. Completed its $20.25 IPO on 11/15/18.
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BRBR - NYSE - Cosmetics/Personal Care Bellring Brands Inc Cl A	$59.74	+2.56 4.47%	$62.67	$62.76	-4.82%	943,014 85.81%	1,099,000
Most Recent Note for BRBR - 5/7/2024 12:16:30 PM Reported earnings +88% on +28% sales revenues for the Mar '24 quarter, its 3rd consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria). Gapped up today and hit a new all-time high but erased much of its early gain.
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CBT - NYSE - CHEMICALS - Specialty Chemicals Cabot Corp	$101.69	+5.75 5.99%	$103.46	$98.34	3.41%	242,058 84.34%	287,000
Most Recent Note for CBT - 5/7/2024 12:18:48 PM Gapped up today hitting a new all-time high after briefly consolidating above its 50 DMA line. Subpar sales revenues growth and quarterly and annual earnings (C and A criteria) are not a match with the fundamental guidelines of the fact-based investment system.
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CROX - NASDAQ - CONSUMER NON-DURABLES - Textile - Apparel Footwear Crocs Inc	$136.27	+9.64 7.61%	$142.71	$146.79	-7.17%	2,495,595 226.05%	1,104,000
Most Recent Note for CROX - 5/7/2024 12:20:49 PM Gapped up today rebounding towared its 52-week high. Little overhead supply remains to act as resistance up to the $151 level. Reported Mar '24 quarterly earnings +16% on +6% sales revenues versus the year-ago period, its 4th consecutive quarterly earnings comparison below the +25% minimum earnings guideline (C criteria). It was dropped from the Featured Stocks list on 10/08/21.
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FN - NYSE - ELECTRONICS - Specialized Electronics Fabrinet	$210.78	+21.95 11.62%	$218.80	$229.02	-7.96%	476,594 106.86%	446,000
Most Recent Note for FN - 5/7/2024 12:23:48 PM Gapped up today from below its 50 DMA line ($190) rebounding toward prior highs with a 4th consecutive volume-driven gain. Reported Mar '24 quarterly earnings +23% on +10% sales revenues versus the year-ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been strong after a slight downturn in FY '20.
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IHG - NYSE - LEISURE - Lodging Intercontinental Hotels	$99.71	+0.17 0.17%	$100.15	$112.08	-11.04%	114,540 70.27%	163,000
Most Recent Note for IHG - 5/7/2024 12:25:20 PM Retreated from its all-time high and it has been sputtering below its 50 DMA line ($103) which is now downward sloping. Reported earnings +19% on +14% sales revenues for the quarters ended Sep 30th and Dec 31st, 2023 versus the year ago periods. 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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JHX - NYSE - MATERIALS & CONSTRUCTION - Cement James Hardie Ind Plc Adr	$36.89	+0.59 1.61%	$36.97	$41.98	-12.14%	21,970 66.58%	33,000
Most Recent Note for JHX - 5/7/2024 12:26:42 PM This Ireland-based cement firm is rebounding after recently slumping near its 200 DMA line ($33). Reported earnings +41% on +14% sales revenues for the Dec '23 quarter versus the year ago period. Prior 6 consecutive quarterly comparisons were well below the +25% minimum earnings guideline (C criteria).
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MTH - NYSE - MATERIALS & CONSTRUCTION - Residential Construction Meritage Homes Corp	$182.86	+7.54 4.30%	$183.78	$183.25	-0.21%	667,899 152.84%	437,000
Most Recent Note for MTH - 5/7/2024 12:31:35 PM Hitting a new high with today's big volume-driven gain. Found support at its 200 DMA line ($148) and prior lows. Reported Mar '24 quarterly earnings +43% on +15% sales revenues versus the year-ago period. Prior 4 quarters showed earnings lower than the year ago-periods after the Dec '22 quarter was noted for breaking a long streak of quarterly comparisons well above the +25% minimum earnings guideline (C criteria).
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RACE - NYSE - Auto Manufacturers Ferrari NV	$408.58	-19.08 -4.46%	$420.78	$442.80	-7.73%	474,493 186.81%	254,000
Most Recent Note for RACE - 5/7/2024 12:33:01 PM Pulling back from near its all-time high and slumping below its 50 DMA line with today's gap down and volume-driven loss. Reported Mar '24 quarterly earnings +20% on +10% sales revenues versus the year ago period, breaking a streak of 3 quarterly comparisons well above the +25% minimum earnings guideline (C criteria). Its annual earnings (A criteria) history has been strong after a downturn in FY '20.
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SNEX - NASDAQ - Finance-Invest Bnk/Bkrs StoneX Group Inc	$77.93	+1.22 1.59%	$77.94	$76.71	1.59%	85,689 72.62%	118,000
Most Recent Note for SNEX - 5/7/2024 12:36:05 PM Found support at its 200 DMA line ($65) in recent weeks and powered to hit new all-time highs with recent gains. Reported Dec '23 quarterly earnings +24% on +50% sales revenues versus the year ago period. It has an Earnings Per Share rating of 91 and a Relative Strength rating of 84, both above the 80+ minimum guideline. Three of the past 4 quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) had a downturn in FY '21, not a match with the fact-based investment system's fundamental guidelines.
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STRL - NASDAQ - MATERIALS &; CONSTRUCTION - Heavy Construction Sterling Construction Co	$122.18	+16.81 15.95%	$122.98	$116.36	5.00%	441,012 122.16%	361,000
Most Recent Note for STRL - 5/7/2024 12:37:43 PM Hitting a new all-time high with today's considerable volume-driven gain from below its 50 DMA line ($106). Faces no resistance due to overhead supply. Fundamentals remain strong after it reported Mar '24 quarterly earnings +56% on +9% sales revenues versus the year-ago period. It found support above its 200 DMA line during its consolidation after dropped from the Featured Stocks list on 10/03/23.
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TW - NASDAQ - Financial Svcs-Specialty Tradeweb Markets Cl A	$110.57	+1.32 1.21%	$111.50	$109.35	1.12%	530,178 65.29%	812,000
Most Recent Note for TW - 5/7/2024 12:40:44 PM Rallying to a new 52-week high with today's 2nd consecutive volume-driven gain. Reported earnings +31% on +24% sales revenues for the Mar '24 quarter versus the year ago period, its 2nd quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings history has been strong since its $27 IPO on 4/04/19 and an additional Public Offerings on 10/17/19 and 4/24/20.
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VECO - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Veeco Instruments Inc	$37.75	+0.26 0.69%	$38.93	$37.75	0.00%	321,601 73.76%	436,000
Most Recent Note for VECO - 5/7/2024 12:43:17 PM Gapped up today hitting another new 52-week high with a spurt of gains. Due to report Mar '24 quarterly results. Reported Dec '23 quarterly earnings +34% on +13% sales revenues versus the year-ago period, above the +15% minimum earnings guideline (C criteria). Prior quarterly earnings increases were below the fact-based investment system's fundamental guidelines.
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