Mid-Day Breakouts Report - Friday, May 24th, 2024

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MIDDAY BREAKOUTS REPORT - FRIDAY, MAY 24TH, 2024
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DOW 39097.87 32.61 (0.08%) | NASDAQ 16861.13 125.09 (0.75%) | S&P 500 5294.58 26.74 (0.51%)

Time of Screening : 5/24/2024 11:12:14 AM Report Released : 5/24/2024 12:00:54 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 40% 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
DECK - NYSE Deckers Outdoor Corp	$1,010.60	+105.95 11.71%	$1,034.54	382,184 80.80% of 50 DAV 50 DAV is 473,000	$956.17 5.69%	5/24/2024	$1,010.60	PP = $956.27 MB = $1,004.08
Most Recent Note - 5/24/2024 11:26:20 AM Y - Color code is changed to yellow with new pivot point cited based on its 3/21/24 high plus 10 cents. Gapped up today hitting a new all-time high. The 6 latest quarterly comparisons through Mar '24 were above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been strong and steady. >>> The latest Featured Stock Update with an annotated graph appeared on 9/16/2021. Click here.
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ELF - NYSE E L F Beauty Inc	$193.79	+9.02 4.88%	$197.85	1,121,654 67.69% of 50 DAV 50 DAV is 1,657,000	$221.83 -12.64%	5/24/2024	$193.79	PP = $182.73 MB = $191.87
Most Recent Note - 5/24/2024 11:33:27 AM Y - Color code is changed to yellow with pivot point cited based on its 4/29/24 high after breaking out a double-bottom base. Rallying further today after gapping up and rebounding above its 50 DMA line ($173.55) with a volume-driven gain on the prior session helping its technical stance and outlook improve. Found support above its 200 DMA line since dropped from the Featured Stocks list on 4/03/24. Reported Mar '24 quarterly earnings +26% on +71% sales revenues versus the year-ago period and fundamentals remain strong. >>> The latest Featured Stock Update with an annotated graph appeared on 3/28/2024. Click here.
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PDD - NASDAQ Pinduoduo Inc Cl A	$161.85	+8.22 5.35%	$164.69	10,069,297 99.55% of 50 DAV 50 DAV is 10,115,000	$160.00 1.15%	5/24/2024	$161.85	PP = $153.09 MB = $160.74
Most Recent Note - 5/24/2024 11:51:32 AM Y - Color code is changed to yellow with pivot point cited based on its 1/11/24 high plus 10 cents. Rallying to new 52-week highs with recent volume-driven gains clearing a four and a half month long base during which it found prompt support at its 200 DMA line. Quarterly comparisons through Mar '24 showed encouraging sales revenues and greatly improved earnings versus the year ago periods with growth rate accelleration. After years of losses it had a profitable FY '21-23 helping it better match the fundamental annual earnings (A criteria) guidelines of the fact-based investment system. There are no Featured Stock Updates™ available for this stock at this time. You may request one by clicking the Request a New Note link below
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
BAH - NYSE - Comml Svcs-Consulting Booz Allen Hamilton Cl A	$158.10	+5.74 3.76%	$164.43	$156.83	0.81%	432,367 71.11%	608,000
Most Recent Note for BAH - 5/24/2024 11:18:14 AM Gapped up today but pulled back from its early all-time high. Reported earnings +32% on +14% sales revenues for the Mar '24 quarter versus the year ago period. Three of the 4 latest quarterly earnings increases were above the +25% minimum earnings guideline (C criteria). This Commercial Services - Consulting firm's annual earnings history (A criteria) has been steady.
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BJ - NYSE - Retail-Discount&Variety BJs Wholesale Club Hldgs	$87.93	+4.73 5.68%	$88.35	$85.11	3.31%	794,966 48.18%	1,650,000
Most Recent Note for BJ - 5/24/2024 11:18:37 AM Today's 3rd consecutive volume-driven gain has it hitting yet another new all-time high. Reported Apr '24 quarterly earnings +0% on +4% sales revenues versus the year ago period. Earnings increases were below the +25% minimum (C criteria) in prior quarterly comparisons versus the year ago periods. Annual earnings (A criteria) growth was strong until FY '24 was flat versus '23.
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BV - NYSE - Bldg-Maintenance & Svc Brightview Holdings Inc	$14.15	+0.40 2.91%	$14.31	$14.39	-1.67%	378,906 40.66%	932,000
Most Recent Note for BV - 5/24/2024 11:19:35 AM Hit a new 52-week high with volume-driven gains. The 5/21/24 mid-day report noted - "Fundamental concerns remain."
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CMRE - NYSE - Transportation-Ship Costamare Inc	$15.09	+0.23 1.55%	$15.29	$14.87	1.48%	208,211 47.86%	435,000
Most Recent Note for CMRE - 5/24/2024 11:20:08 AM Greek shipping firm is perched at its 52-week high and adding to a noted spurt of volume-driven gains. Reported Mar '24 quarterly earnings +66% on +89% sales revenues versus the year ago period. Prior mid-day reports noted - "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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CROX - NASDAQ - CONSUMER NON-DURABLES - Textile - Apparel Footwear Crocs Inc	$148.61	+5.99 4.20%	$150.72	$148.16	0.30%	672,942 56.93%	1,182,000
Most Recent Note for CROX - 5/24/2024 11:21:28 AM Challenging its Apr '23 high and very 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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GASS - NASDAQ - Transportation-Ship Stealthgas Inc	$7.34	+0.47 6.84%	$7.38	$7.98	-8.02%	71,443 62.67%	114,000
Most Recent Note for GASS - 5/24/2024 11:33:58 AM Consolidating this week after making steady progress toward the prior high since finding support at its 200 DMA line. Prior mid-day reports cautioned members - "Fundamental concerns remain due to its erratic sales revenues and earnings history."
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GSL - NYSE - TELECOMMUNICATIONS - Wireless Communications Global Ship Lease Inc	$28.49	+0.74 2.65%	$28.51	$28.00	1.73%	337,294 43.41%	777,000
Most Recent Note for GSL - 5/24/2024 11:34:35 AM The 6 latest quarterly comparisons through Mar '24 showed earnings increases well below the +25% minimum earnings guideline (C criteria).
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HLNE - NASDAQ - Finance-Investment Mgmt Hamilton Lane Inc	$125.26	+1.04 0.84%	$126.52	$126.87	-1.27%	117,512 52.46%	224,000
Most Recent Note for HLNE - 5/24/2024 11:35:47 AM After consolidating above its 50 DMA line it has powered to new all-time highs this week. Noted with caution in prior mid-day reports - "Fundamentals are not a match with the fact-based investment system's guidelines."
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IESC - NASDAQ - Bldg-Maintenance & Svc Integrated Electric Svcs	$161.24	+2.57 1.62%	$161.73	$184.38	-12.55%	87,143 56.96%	153,000
Most Recent Note for IESC - 5/24/2024 11:36:47 AM Consolidating near its 20 DMA line after hitting new all-time highs with a noted streak of 7 consecutive gains. It is very extended from any sound base and prior mid-day reports cautioned members -"Reported Mar '24 quarterly earnings +114% on +24% sales revenues versus the year-ago period. Sequential quarterly comparisons show acceleration in its sales revenues growth rate. Not a match with the winning models of the fact-based investment system after a downturn in FY '22 earnings (A criteria)."
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INTU - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Intuit Inc	$612.93	-49.33 -7.45%	$624.00	$676.62	-9.41%	1,713,038 141.11%	1,214,000
Most Recent Note for INTU - 5/24/2024 11:38:51 AM Gapped down today violating its 50 DMA line after recently wedging to new 52-week highs with gains lacking great volume conviction. Reported Apr '24 quarterly earnings +11% on +12% sales revenues versus the year-ago period, its 2nd quarterly comparison below the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been strong, however, consensus estimates are calling for a -21% downturn in FY '24 earnings. Went through a long and deep consolidation since pricing a Secondary Offering on 11/29/21 perched near its all-time high.
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PAC - NYSE - TRANSPORTATION - Air Services, Other Grupo Aero Del Pac Ads	$194.07	-0.59 -0.30%	$194.54	$197.31	-1.64%	34,538 70.49%	49,000
Most Recent Note for PAC - 5/24/2024 11:45:10 AM Perched within close striking distance of its all-time high. Reported earnings +4% on +11% sales revenues for the Mar '24 quarter versus the year ago period. Two of the 3 latest quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Downturn in FY '20 earnings (A criteria) leaves cause for concern for this Mexican operator of airports.
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PWR - NYSE - MATERIALS & CONSTRUCTION - General Contractors Quanta Services Inc	$284.57	+8.02 2.90%	$285.97	$281.08	1.24%	358,493 40.10%	894,000
Most Recent Note for PWR - 5/24/2024 11:53:24 AM Hitting a new all-time highs today following a big volume-driven gain on the prior session. Found support at its 50 DMA line ($259) in recent weeks. Quarterly comparisons through Mar '24 have not been strong and steady above the +25% minimum earnings guideline (C criteria). It made gradual progress since dropped from the Featured Stocks list on 9/23/22.
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QCOM - NASDAQ - TELECOMMUNICATIONS - Communication Equipment Qualcomm Inc	$210.18	+8.42 4.17%	$210.74	$207.95	1.07%	3,429,046 42.67%	8,036,000
Most Recent Note for QCOM - 5/24/2024 11:54:13 AM Hitting yet another new 52-week high today adding to recent gains marked by volume. Prior mid-day reports noted - "Reported Mar '24 quarterly earnings +12% on +1% sales revenues versus the year ago period. Prior quarterly earnings increases were below the fact-based investment system's +25% earnings guideline. Annual earnings (A criteria) history has been up and down."
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SBLK - NASDAQ - TRANSPORTATION - Shipping Star Bulk Carriers Corp	$27.15	+1.06 4.06%	$27.40	$26.88	1.00%	800,365 48.86%	1,638,000
Most Recent Note for SBLK - 5/24/2024 11:56:37 AM Hitting a new 52-week high with above average volume behind today's gain and ther prior gain. Found support near its 50 DMA line in recent months. Reported Mar '24 quarterly earnings +142% on +16% sales revenues versus the year ago period. Prior quarterly comparisons and annual earnings history (C and A criteria) has been erratic, leaving fundamental concerns.
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STEP - NASDAQ - Finance-Investment Mgmt StepStone Group Inc	$40.10	+2.22 5.86%	$40.67	$38.78	3.40%	329,143 93.51%	352,000
Most Recent Note for STEP - 5/24/2024 11:58:29 AM Hitting new 52-week highs with today's 3rd consecutive gain marked by higher volume, clearing previously stubborn resistance in the $37 area. Fundamental concerns remain. Limited history is a concern. Completed its $18 IPO on 9/16/20.
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