Mid-Day Breakouts Report - Thursday, June 1st, 2023

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MIDDAY BREAKOUTS REPORT - THURSDAY, JUNE 1ST, 2023
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DOW 33091.35 183.08 (0.56%) | NASDAQ 13054 118.71 (0.92%) | S&P 500 4212.24 32.41 (0.78%)

Time of Screening : 6/1/2023 12:12:04 PM Report Released : 6/1/2023 1:07:20 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
AVGO - NASDAQ - ELECTRONICS - Semiconductor - Integrated Circuits Broadcom Inc	$800.29	-7.68 -0.95%	$803.36	$921.78	-13.18%	2,454,244 101.58%	2,416,000
Most Recent Note for AVGO - 6/1/2023 12:13:47 PM Very extended from any sound base and there was a "negative reversal" on 5/30/23 after hitting a new all-time high. Reported earnings +23% on +16% sales revenues for the Jan '23 quarter versus the year ago period. Prior quarterly comparisons were above the +25% minimum guideline (C criteria). Annual earnings history (A criteria) has been strong.
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BBVA - NYSE - BANKING - Foreign Regional Banks Banco Bilbao Viz Arg Adr	$6.75	+0.23 3.53%	$6.75	$7.93	-14.88%	2,360,364 124.75%	1,892,000
Most Recent Note for BBVA - 6/1/2023 12:14:31 PM Consolidating below its 50 DMA line. Prior mid-day reports cautioned members - "Fundamental concerns remain for this Spanish banking firm."
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CODA - NASDAQ - Aerospace/Defense Coda Octopus Group Inc	$10.66	+0.07 0.66%	$10.73	$10.73	-0.65%	39,383 171.23%	23,000
Most Recent Note for CODA - 6/1/2023 12:20:12 PM Perched at multi-year highs today following 6 consecutive volume-driven gains. Fundamental concerns remain for this thinly-traded Aerospace/Defense firm. Prior mid-day reports noted - "Prior quarterly and annual earnings (C and A criteria) history is not a match with the guidelines of the fact-based investment system."
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CRM - NYSE - INTERNET - Internet Software & Services Salesforce.com Inc	$212.24	-11.14 -4.99%	$214.69	$225.00	-5.67%	11,473,512 201.89%	5,683,000
Most Recent Note for CRM - 6/1/2023 12:24:34 PM Gapped down today, retreating from its 52-week high following 5 consecutive gains marked by ever-increasing volume. Reported Apr '23 quarterly earnings +72% on +11% sales revenues versus the year ago period. Went through a deep consolidation from its all-time high since noted with caution in the 12/01/21 mid-day report. Large supply of 1 billion shares outstanding (S criteria) makes it an unlikely sprinter, and is already owned by more than 4,270 top-rated funds (I criteria). Quarterly earnings comparisons have not been strong and steady above the +25% minimum guideline (C criteria). Up and down annual earnings (A criteria) history remains a concern.
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CSIQ - NASDAQ - ELECTRONICS - Semiconductor - Specialized Canadian Solar Inc	$40.83	-0.98 -2.33%	$41.92	$47.69	-14.40%	894,242 84.28%	1,061,000
Most Recent Note for CSIQ - 6/1/2023 12:26:18 PM Pulling back today for a 3rd consecutive loss backed by above-average volume. Faces resistance due to overhead supply up to the $47 level. Reported strong earnings increases in the Jun, Sep, Dec '22, and Mar '23 quarters versus the year ago period. Annual earnings history is not a match with the fact-based investment system's fundamental guidelines (A criteria).
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DFH - NYSE - Bldg-Resident/Comml Dream Finders Homes	$18.31	-0.23 -1.24%	$18.86	$18.63	-1.72%	86,233 62.04%	139,000
Most Recent Note for DFH - 6/1/2023 12:26:46 PM Quarterly results through Dec '22 were strong, but Mar '23 quarterly earnings rose +7% on +16% sales revenues versus the year-ago period, below the +25% minimum earnings guideline (C criteria). Faces some resistance due to overhead supply.
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DSGX - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Descartes Systems Group	$77.96	+0.63 0.81%	$77.96	$82.02	-4.95%	122,529 80.08%	153,000
Most Recent Note for DSGX - 6/1/2023 12:32:15 PM Recently consolidating below its 50 DMA line. Faces resistance due to overhead supply up to its $91 high hit in Nov '21. Reported Apr '23 quarterly earnings +26% on +17% sales revenues versus the year-ago period, its 2nd strong quarter. Prior quarterly earnings growth has not been strong and steady above the +25% minimum (C criteria).
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EDU - NYSE - DIVERSIFIED SERVICES - Education &; Training Services New Orientl Edu&Tech Ads	$41.56	+3.89 10.33%	$41.70	$46.74	-11.08%	2,039,186 115.47%	1,766,000
Most Recent Note for EDU - 6/1/2023 12:34:06 PM Rebounding above its 50 DMA line ($39.69) with today's gain. Reported Feb '23 quarterly earnings versus a loss on +23% sales revenues versus the year-ago period. Noted with caution in prior mid-day reports - "This China-based Consumer Services - Education firm has been rebounding after a deep consolidation below its 200 DMA line. Fundamental concerns remain. Prior quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's guidelines. Has a new CEO as of 9/02/16."
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ELTK - NASDAQ - ELECTRONICS - Printed Circuit Boards Eltek Ltd	$8.93	-0.99 -9.98%	$9.90	$9.96	-10.34%	66,917 196.81%	34,000
Most Recent Note for ELTK - 6/1/2023 12:35:53 PM Hit a new multi-year high with another volume-driven gain on the prior session when noted -"Fundamental concerns remain."
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GENC - NASDAQ - MANUFACTURING - Farm &; Construction Machinery Gencor Industries Inc	$14.51	+0.45 3.20%	$14.59	$15.53	-6.57%	31,436 116.43%	27,000
Most Recent Note for GENC - 6/1/2023 12:38:29 PM Rebounding above its 50 DMA line with today's volume-driven gain. Fundamental concerns remain.
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ICFI - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services I C F International Inc	$113.59	+1.60 1.43%	$113.86	$121.28	-6.34%	43,119 63.41%	68,000
Most Recent Note for ICFI - 6/1/2023 12:40:51 PM Perched -6.0% off its all-time high. Recently consolidating above its 50 and 200 DMA lines. Reported earnings +8% on +17% sales revenues for the Mar '23 quarter versus the year-ago period. Prior quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria) and its sales revenues growth rate was lackluster.
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KE - NASDAQ - ELECTRONICS - Printed Circuit Boards Kimball Electronics Inc	$24.59	-0.22 -0.87%	$24.84	$28.18	-12.76%	48,362 58.98%	82,000
Most Recent Note for KE - 6/1/2023 12:43:42 PM Reported Mar '23 quarterly earnings +20% on +32% sales revenues versus the year ago period, below the +25% minimum earnings guideline (C criteria). The Sep and Dec '22 quarterly comparisons were stronger. Prior quarterly comparisons had sub par sales revenues growth and 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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MOD - NYSE - Auto/Truck-Original Eqp Modine Mfg Co	$27.71	+0.42 1.54%	$27.82	$28.47	-2.67%	263,641 74.69%	353,000
Most Recent Note for MOD - 6/1/2023 12:47:33 PM Perched near its new 52-week high following volume-driven gains. Found support at its 200 DMA line in recent weeks while consolidating. Reported Mar '23 quarterly earnings +18% on +8% sales revenues versus the year ago period, below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been strong following a downturn in FY '20.
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NVS - NYSE - DRUGS - Drug Manufacturers - Major Novartis Ag Adr	$97.11	+0.86 0.89%	$97.15	$105.56	-8.01%	1,376,333 63.75%	2,159,000
Most Recent Note for NVS - 6/1/2023 12:48:16 PM Pulling back from its all-time high and slumping below its 50 DMA line with this week's losses. Fundamental concerns remain for this Swiss Drug company.
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OPRA - NASDAQ - INTERNET - Content Opera ADR	$17.47	+1.73 10.99%	$17.50	$16.08	8.64%	973,085 226.30%	430,000
Most Recent Note for OPRA - 6/1/2023 12:49:36 PM Hitting a new all-time high with today's volume-driven gain. Showed improved results for the Dec '22 and Mar '23 quarterly comparisons versus the year-ago periods, but fundamental concerns remain.
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PCYG - NASDAQ - Comp Sftwr-Spec Enterprs Park City Group Inc	$8.02	-0.01 -0.06%	$8.03	$8.03	-0.06%	26,336 154.92%	17,000
Most Recent Note for PCYG - 6/1/2023 12:50:45 PM Perched at its 52-week high today following 5 consecutive gains marked by ever-increasing volume. Prior mid-day reports noted - "This thinly-traded Computer Software firm showed earnings increases above the +25% minimum guideline (C criteria) in 3 of the past for quarters through Dec '22 versus the year-ago periods. Quarterly sales revenues totals have been in the $4-5 million range, rather minuscule, and sales revenues growth has not been strong. Annual earnings included a downturn in FY '20."
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SMCI - NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev Super Micro Computer Inc	$228.40	+4.45 1.99%	$232.49	$242.99	-6.00%	1,660,366 77.73%	2,136,000
Most Recent Note for SMCI - 6/1/2023 1:00:11 PM Perched near its all-time high following considerable volume-driven gains, extended from any sound base. Reported Mar '23 quarterly earnings +5% on -5% sales revenues versus the year-ago period, breaking a streak of 5 strong quarterly earnings increase well above the +25% minimum guideline (C criteria). Its annual earnings history (A criteria) had a downturn in FY '21.
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SURG - NASDAQ - Medical-Systems/Equip Synergetics Usa Inc	$6.96	+0.10 1.46%	$7.15	$7.61	-8.54%	131,545 88.88%	148,000
Most Recent Note for SURG - 6/1/2023 1:03:11 PM Reported greatly improved Dec '22 and Mar '23 quarterly results versus the year ago periods but fundamental concerns remain. Low-priced stocks are riskier candidates which the fact-based system discourages.
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TRI - NYSE - Comml Svcs-Market Rsrch Thomson Reuters Corp	$125.78	-1.40 -1.10%	$128.08	$133.56	-5.83%	243,151 62.99%	386,000
Most Recent Note for TRI - 6/1/2023 1:06:05 PM Its 50 DMA line ($127) has acted as resistance in recent weeks after 3 consecutive damaging losses with heavier volume when last noted with caution in the 5/04/23 mid-day report - "Reported Mar '23 quarterly earnings +24% on +4% sales revenues versus the year-ago period. Reported earnings +70% on +3% sales revenues for the Dec '22 quarter versus the year-ago period. Prior quarters showed earnings increases near or above the +25% minimum guideline (C criteria) but subpar sales revenues growth remains a cause for concern. Annual earnings (A criteria) growth has been improving after a downturn in FY '17 and '18."
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TSM - NYSE - ELECTRONICS - Semiconductor - Integrated Cir Taiwan Semiconductor Adr	$99.73	+1.14 1.16%	$100.59	$105.24	-5.24%	8,055,308 69.68%	11,560,000
Most Recent Note for TSM - 6/1/2023 1:07:11 PM Perched near its 52-week high. Went through a deep consolidation since noted in the 1/18/22 mid-day report near its all-time high. Reported Mar '23 quarterly earnings -4% on -3% sales revenues versus the year ago period, breaking a streak of quarterly comparisons with earnings increasing above the +25% minimum guideline (C criteria). Annual earnings (A criteria) growth has been strong and steady. Large supply of 5.18 billion outstanding shares (S criteria) makes it an unlikely sprinter.
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