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 MIDDAY BREAKOUTS REPORT - MONDAY, MAY 9TH, 2022
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DOW 32379.35 -520.02 (-1.58%) | NASDAQ 11747.85 -396.82 (-3.27%) | S&P 500 4023.2 -100.14 (-2.43%)
Time of Screening : 5/9/2022 12:00:13 PM         Report Released : 5/9/2022 12:21:52 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
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
Max Buy
CI - NYSE
Cigna Corp
Medical-Managed Care
$262.30 -4.60
-1.72%
$268.47 918,208
59.66% of 50 DAV
50 DAV is 1,539,000
$272.81
-3.85%
5/6/2022 $263.52 PP = $269.97
MB = $283.47
Most Recent Note - 5/9/2022 12:02:38 PM
Y - Perched within striking distance of its all-time high. Finished strong on the prior session after highlighted in yellow with pivot point cited based on its 4/21/22 high. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Reported a strong +27% earnings increase on +7% sales revenues for the Mar '22 quarter versus the year ago period, its 3rd strong quarterly comparison above the +25% minimum guideline (C criteria). Annual earnings growth (A criteria) has been strong. See the latest FSU analysis for more details and an annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 5/6/2022. Click here.
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Symbol - Exchange - Industry Group
Company Name
Last Chg Day
High
52 WK Hi % From Hi Volume
% DAV
DAV
AVT - NYSE - WHOLESALE - Electronics Wholesale
Avnet Inc
$46.89 -0.13
-0.28%
$48.22 $47.30 -0.87% 414,250
58.59%
707,000
Most Recent Note for AVT - 5/9/2022 12:01:06 PM
Hit new 52-week highs with last week's volume-driven gains. Prior mid-day reports noted - "Rebounded above its 50 and 200 DMA lines with impressive volume-driven gains. Quarterly sales revenues and earnings increases through the Mar '22 period have been up well above +25% or more versus the year ago period (C criteria). Annual earnings (A criteria) history has been up and down."
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CTS - NYSE - Elec-Semiconductor Mfg
C T S Corp
$35.74 -0.87
-2.39%
$36.54 $39.49 -9.51% 65,298
62.19%
105,000
Most Recent Note for CTS - 5/9/2022 12:05:08 PM
Recently rallied with volume-driven gains toward prior resistance in the $38-39 area. Reported earnings +46% on +15% sales revenues for the Mar '22 quarter versus the year ago period. Three of the past 4 quarterly earnings increases were above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been up and down.
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GOGL - NASDAQ - Transportation-Ship
Golden Ocean Group LTD
$12.55 -1.29
-9.29%
$13.70 $14.27 -12.09% 2,461,149
61.24%
4,019,000
Most Recent Note for GOGL - 5/9/2022 12:06:23 PM
Pulling back today after recently challenging its 52-week high. Its 50 DMA line ($12.28) defines important near-term support. Prior mid-day reports noted - "Recent quarterly comparisons through Dec '21 showed greatly improved sales revenues and earnings versus the year ago periods. Prior earnings history has been erratic, not a match with the fact-based investment system's fundamental guidelines."
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MN - NYSE - FINANCIAL SERVICES - Asset Management
Manning & Napier Cl A
$12.56 -0.06
-0.48%
$12.60 $12.91 -2.71% 142,466
94.98%
150,000
Most Recent Note for MN - 5/9/2022 12:06:32 PM
Holding its ground since a gap up 4/01/22 following M&A news. Recent quarterly comparisons through Dec '21 showed strong earnings increases. Annual earnings history has been sub par.
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MYE - NYSE - Containers/Packaging
Myers Industries Inc
$23.56 +0.03
0.13%
$24.21 $23.63 -0.30% 113,658
81.18%
140,000
Most Recent Note for MYE - 5/9/2022 12:08:40 PM
Today's volume-driven gain helped it hit a new 52-week high. While posting a volume-driven gain the 5/06/22 mid-day report cautioned members - "The Mar '22 quarter showed +127% earnings with +29% sales revenues versus the year ago period. Three of the past 4 quarterly comparisons were above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history had a slight downturn in FY '19."

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NRG - NYSE - UTILITIES - Electric Utilities
N R G Energy Inc
$40.69 -0.71
-1.71%
$41.58 $46.10 -11.74% 1,975,856
68.02%
2,905,000
Most Recent Note for NRG - 5/9/2022 12:09:41 PM
Fundamental concerns remain due to its erratic earnings history.
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NVO - NYSE - DRUGS - Drug Manufacturers - Other
Novo Nordisk A/S Adr
$107.16 -4.19
-3.76%
$108.77 $122.16 -12.28% 1,399,672
94.06%
1,488,000
Most Recent Note for NVO - 5/9/2022 12:12:15 PM
This Denmark-based Medical - Ethical Drug firm violated its 50 DMA line ($110.54) as it gapped up today for a 3rd consecutive volume-driven loss. Fundamental concerns remain after it reported Mar '22 quarterly earnings +8% on +17% sales revenues versus the year ago period. During a three and a half month consolidation it found prompt support near its 200 DMA line and has made steady progress above its 50 DMA line.
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OFG - NYSE - BANKING - Money Center Banks
O F G Bancorp
$26.79 -0.46
-1.69%
$27.15 $30.93 -13.39% 150,903
61.09%
247,000
Most Recent Note for OFG - 5/9/2022 12:13:30 PM
Reported earnings +36% on +2% sales revenues for the quarter ended March 31, 2022 versus the year ago period. Prior quarterly comparisons have shown strong earnings above the +25% minimum earnings guideline (C criteria) but also with sub par sales revenues growth. Up and down annual earnings history raises concerns with respect to the A criteria of the fact-based investment system's guidelines.
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PNNT - NASDAQ - Finance-Investment Mgmt
Pennantpark Investment
$7.13 -0.23
-3.08%
$7.34 $8.02 -11.06% 192,486
59.41%
324,000
Most Recent Note for PNNT - 5/9/2022 12:14:56 PM
Slumping well below its 50 DMA line ($7.69) toward its 200 DMA line ($7.04). Reported strong Sep, Dec '21, and Mar '22 quarterly results versus the year ago periods. Prior quarterly and annual earnings history is not a match with the fact-based investment system's fundamental guidelines.
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PSB - NYSE - REAL ESTATE - REIT - Diversified/Industrial
P S Business Parks Inc
$186.17 -0.28
-0.15%
$186.56 $189.83 -1.93% 484,237
191.40%
253,000
Most Recent Note for PSB - 5/9/2022 12:15:09 PM
Gapped up on 4/25/22 following M&A news. Fundamental concerns remain. Noted with caution in prior mid-day reports - "This REIT's quarterly and annual earnings history (C & A criteria) is not a match with the investment system's guidelines."
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RC - NYSE - Finance-Mortgage REIT
Ready Capital Corp
$14.38 -0.87
-5.70%
$15.11 $16.78 -14.30% 571,928
58.72%
974,000
Most Recent Note for RC - 5/9/2022 12:17:42 PM
Slumping below its 50 and 200 DMA lines. Encountering distributional pressure in recent weeks. This REIT reported strong Dec '21 and Mar '22 quarterly earnings above the +25% minimum guideline (C criteria). Prior quarterly and annual earnings (A criteria) have not been strong and steady.
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
TS - NYSE - METALS & MINING - Steel & Iron
Tenaris Sa Adr
$29.32 -1.35
-4.40%
$30.42 $33.28 -11.90% 1,911,378
65.75%
2,907,000
Most Recent Note for TS - 5/9/2022 12:19:33 PM
Recent quarterly comparisons through Mar '22 showed very strong sales revenues and earnings increases over the year ago periods. Annual earnings history is not a match with the fundamental guidelines of the fact-based investment system.
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XOM - NYSE - ENERGY - Major Integrated Oil & Gas
Exxon Mobil Corp
$86.11 -5.58
-6.09%
$89.56 $92.05 -6.45% 19,255,987
59.92%
32,135,000
Most Recent Note for XOM - 5/9/2022 12:21:33 PM
Recently rallied to new multi-year highs. Recent quarterly comparisons through Mar '22 showed strong sales revenues and earnings increases over the year ago periods. Annual earnings (A criteria) history has been erratic.
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Y - NYSE - INSURANCE - Surety & Title Insurance
Alleghany Corp
$830.63 -0.63
-0.08%
$833.34 $862.87 -3.74% 100,619
57.83%
174,000
Most Recent Note for Y - 5/9/2022 12:21:45 PM
Insurance - Property/Casualty/Title firm gapped up on 3/21/22 following M&A news. It has not shown strong and steady earnings growth meeting the fact-based investment system's fundamental guidelines (C and A criteria).
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  

THESE ARE NOT BUY RECOMMENDATIONS!  Comments contained in the body of this report are technical opinions only. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. We are not an investment advisor, hence it does not endorse or recommend any securities or other investments. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. All trademarks, service marks and trade names appearing in this report are the property of their respective owners, and are likewise used for identification purposes only.

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