Mid-Day Breakouts Report - Wednesday, May 8th, 2024

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, MAY 8TH, 2024
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DOW 38961.69 77.43 (0.20%) | NASDAQ 16294.38 -38.17 (-0.23%) | S&P 500 5184.22 -3.48 (-0.07%)

Time of Screening : 5/8/2024 12:04:45 PM Report Released : 5/8/2024 12:52:45 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
AER - NYSE - DIVERSIFIED SERVICES - Rental &; Leasing Services Aercap Holdings Nv	$89.80	+2.36 2.70%	$90.24	$88.89	1.02%	1,036,739 64.15%	1,616,000
Most Recent Note for AER - 5/8/2024 12:07:22 PM Hitting new 52-week and all-time highs again with today's gain. Reported Mar '24 quarterly earnings +41% on +8% sales revenues versus the year-ago period. Fundamental concerns remain as its prior quarterly and annual earnings (C and A criteria) history is not a great match with the fact-based investment system's guidelines.
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ANET - NYSE - Computer-Networking Arista Networks, Inc	$295.15	+21.16 7.72%	$295.62	$307.74	-4.09%	4,386,211 173.92%	2,522,000
Most Recent Note for ANET - 5/8/2024 12:09:39 PM Rebounding above its 50 DMA line ($279) with today's volume-driven gain. Faces near-term resistance up to the $307 level. It was dropped from the Featured Stocks list on 4/17/24. Fundamentals remained strong through the Mar '24 quarter.
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ARIS - NYSE - Pollution Control Aris Water Solutions Cl A	$17.02	+1.42 9.12%	$17.27	$15.77	7.94%	543,376 148.06%	367,000
Most Recent Note for ARIS - 5/8/2024 12:11:09 PM Rallying to yet another new 52-week high with today's 5th 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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BRP - NASDAQ - Insurance-Brokers BRP Group inc	$31.66	+3.63 12.95%	$32.00	$30.84	2.66%	386,396 112.32%	344,000
Most Recent Note for BRP - 5/8/2024 12:15:24 PM Rallying toward prior highs with today's gap up and considerable volume-driven gain. Two of the 4 latest quarterly comparisons through Mar '24 have shown strong earnings increases well above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been strong and steady.
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COKE - NASDAQ - FOOD & BEVERAGE - Beverages - Soft Drinks Coca Cola Btlg Consol	$966.00	-43.31 -4.29%	$1,002.85	$1,030.00	-6.21%	41,997 93.33%	45,000
Most Recent Note for COKE - 5/8/2024 12:17:18 PM Retreating from its all-time high with today's loss after spiking higher on the prior session with heavy volume. Reported Mar '24 quarterly earnings +7% on +1% sales revenues versus the year ago period, its 3rd quarterly comparison below the +25% minimum earnings guideline (C criteria). It was dropped from the Featured Stocks list on 10/03/23.
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EMR - NYSE - MANUFACTURING - Industrial Electrical Equipmen Emerson Electric Co	$111.46	+4.06 3.78%	$111.76	$115.26	-3.30%	2,360,882 88.86%	2,657,000
Most Recent Note for EMR - 5/8/2024 12:20:22 PM Rebounding above its 50 DMA line ($110.57) with today's big volume-driven gain. Three of the 4 latest quarterly comparisons through Mar '24 showed earnings increases above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been up and down.
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ERO - ARCA - Finance-ETF / ETN Barclays Ipath Eur Etn	$21.13	+0.21 1.00%	$21.54	$24.38	-13.33%	316,538 79.53%	398,000
Most Recent Note for ERO - 5/8/2024 12:22:06 PM Found support at its 50 DMA line in recent weeks with gains marked above-average volume as it rebounds toward its 52-week high. Fundamental concerns remain.
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FUTU - NASDAQ - Finance-Invest Bnk/Bkrs Futu Holdings Cl A Ads	$69.18	-1.89 -2.65%	$69.86	$75.25	-8.07%	1,109,406 68.69%	1,615,000
Most Recent Note for FUTU - 5/8/2024 12:25:01 PM Pulling back today for a 2nd loss after briefly rising above its Dec '22 high ($72.20) with volume-driven gains. Found support near its 50 and 200 DMA lines in recent weeks. 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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GFF - NYSE - MATERIALS & CONSTRUCTION - General Building Materials Griffon Corporation	$73.15	+5.40 7.97%	$77.99	$75.18	-2.70%	341,616 96.50%	354,000
Most Recent Note for GFF - 5/8/2024 12:26:42 PM Today's gap up and volume-driven gain has it hitting yet another new all-time high. The 5 latest quarterly comparisons through Mar '24 were below the +25% minimum guideline (C criteria) versus the year ago periods and sales revenues have been waning, so fundamental concerns remain. It was dropped from the Featured Stocks list on 11/03/23.
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JHX - NYSE - MATERIALS & CONSTRUCTION - Cement James Hardie Ind Plc Adr	$36.89	-0.05 -0.12%	$37.04	$41.98	-12.14%	30,687 90.26%	34,000
Most Recent Note for JHX - 5/8/2024 12:27:19 PM This Ireland-based cement firm has been 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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KGC - NYSE - METALS & MINING - Gold Kinross Gold Corp	$7.13	+0.36 5.32%	$7.20	$6.87	3.78%	14,868,484 88.70%	16,762,000
Most Recent Note for KGC - 5/8/2024 12:34:00 PM Powering to a new 52-week high with higher volume behind today's 6th consecutive gain. Reported Mar '24 quarterly earnings +43% on +16% sales revenues versus the year ago period. Six of the 7 latest 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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LRN - NYSE - Consumer Svcs-Education Stride Inc	$73.20	+1.09 1.50%	$73.28	$73.01	0.25%	685,190 87.62%	782,000
Most Recent Note for LRN - 5/8/2024 12:35:04 PM Hitting a new all-time high with today's 5th consecutive gain. 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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MCK - NYSE - WHOLESALE - Drugs Wholesale Mckesson Corp	$545.81	+0.06 0.01%	$566.01	$546.63	-0.15%	653,633 99.34%	658,000
Most Recent Note for MCK - 5/8/2024 12:36:45 PM Reversed into the red after today's early gain for a new all-time high. Found support near its 50 DMA line in recent weeks. Fundamental concerns remain. Reported earnings -14% on +11% sales revenues for the Mar '24 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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NRP - NYSE - ENERGY - Coal Natural Resource Pts LP	$90.44	+0.09 0.10%	$90.65	$102.00	-11.33%	18,754 64.67%	29,000
Most Recent Note for NRP - 5/8/2024 12:37:37 PM Consolidating in a tight range near its 50 DMA line ($90.42). Faces little near-term resistance due to overhead supply up to the $102 level. Reported Mar '24 quarterly earnings +11% on -23% sales revenues versus the year-ago period. Prior quarterly comparisons have been subpar versus the year ago periods. Annual earnings (A criteria) history has been erratic but improved after a deep downturn in FY '20.
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NTIC - NASDAQ - CHEMICALS - Specialty Chemicals Northern Tech Intl Corp	$19.26	+0.39 2.04%	$19.36	$19.20	0.29%	21,346 71.15%	30,000
Most Recent Note for NTIC - 5/8/2024 12:38:05 PM Hitting yet another 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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OVV - NYSE - Oil&Gas-Intl Expl&Prod Ovintiv Inc	$50.98	-1.53 -2.91%	$51.76	$55.95	-8.88%	3,073,620 93.94%	3,272,000
Most Recent Note for OVV - 5/8/2024 12:40:15 PM Gapped down today slumping below its 50 DMA line ($51.83) with a big loss marked by volume. Quarterly earnings for Mar '24 were -21% on -8% sales revenues versus the year ago period. Annual earnings (A criteria) history is not a match with the fact-based system's fundamental guidelines.
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RACE - NYSE - Auto Manufacturers Ferrari NV	$408.04	+7.04 1.76%	$409.26	$442.80	-7.85%	249,564 93.47%	267,000
Most Recent Note for RACE - 5/8/2024 12:44:07 PM Pulled back from near its all-time high and slumped below its 50 DMA line with a gap down and volume-driven loss on the prior session when noted with caution in the mid-day report - "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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STRL - NASDAQ - MATERIALS &; CONSTRUCTION - Heavy Construction Sterling Construction Co	$125.66	+3.66 3.00%	$128.58	$123.99	1.34%	330,665 89.85%	368,000
Most Recent Note for STRL - 5/8/2024 12:45:18 PM Hitting yet another new all-time high with today's gain following a considerable volume-driven gain from below its 50 DMA line ($107). 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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TM - NYSE - AUTOMOTIVE - Auto Manufacturers - Major Toyota Motor Corp Adr	$231.92	+0.66 0.29%	$232.43	$255.23	-9.13%	169,869 63.38%	268,000
Most Recent Note for TM - 5/8/2024 12:46:58 PM Slumped well below its 50 DMA line ($239) and undercut the prior low ($230) during a noted streak of losses. Reported earnings +60% on +0% sales revenues for the Mar '24 quarter versus the year ago period, its 3rd strong quarterly earnings 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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VECO - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Veeco Instruments Inc	$39.79	+2.30 6.13%	$40.30	$38.93	2.21%	307,940 67.53%	456,000
Most Recent Note for VECO - 5/8/2024 12:48:52 PM Hitting yet another new 52-week high with today's 5th consecutive gain. Reported Mar '24 quarterly earnings +50% on +14% sales revenues versus the year-ago period, its 2nd quarterly comparison above the +25% minimum earnings guideline (C criteria). Prior quarterly earnings increases were below the fact-based investment system's fundamental guidelines.
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VVV - NYSE - Chemicals-Specialty Valvoline Inc	$41.79	-2.43 -5.49%	$42.58	$45.37	-7.90%	1,073,751 97.08%	1,106,000
Most Recent Note for VVV - 5/8/2024 12:52:00 PM Gapped down today violating its 50 DMA line with a big volume-driven loss but rebounded from deep early lows. Reported Mar '24 quarterly earnings +61% on +13% sales revenues versus the year ago period, its 5th strong quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history had a downturn in FY '21, not a good match with the fundamental guidelines of the fact-based investment system.
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