Mid-Day Breakouts Report - Tuesday, June 4th, 2024

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MIDDAY BREAKOUTS REPORT - TUESDAY, JUNE 4TH, 2024
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DOW 38506.37 -64.66 (-0.17%) | NASDAQ 16773.73 -54.94 (-0.33%) | S&P 500 5264.51 -18.89 (-0.36%)

Time of Screening : 6/4/2024 12:14:04 PM Report Released : 6/4/2024 1:02:49 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...

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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
ALV - NYSE - AUTOMOTIVE - Auto Parts Autoliv Inc	$121.90	-4.99 -3.93%	$125.45	$129.38	-5.78%	506,530 97.79%	518,000
Most Recent Note for ALV - 6/4/2024 12:16:50 PM Gapped down today abruptly retreating from near its all-time high and testing support near its 50 DMA line ($121.47). Last noted in the 4/26/24 mid-day report - "Reported Mar '24 quarterly earnings +76% on +5% sales revenues versus the year-ago period. This Swedish Auto/Truck Original Equipment firm has shown strong sales revenues and earnings increases in quartery comparisons versus the year-ago periods. Annual earnings history has been up and down."
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CMG - NYSE - LEISURE - Restaurants Chipotle Mexican Grill	$3,080.79	+4.32 0.14%	$3,112.83	$3,260.00	-5.50%	171,733 67.88%	253,000
Most Recent Note for CMG - 6/4/2024 12:37:11 PM Testing support near its 50 DMA line ($3,052) while consolidating in an orderly fashion near its all-time high, forming what appears to be a "late stage" base. Reported Mar '24 quarterly earnings +27% on +14% sales revenues versus the year-ago period, and 3 of the 4 latest quarterly comparisons were above the +25% minimum (C criteria). Its annual earnings (A criteria) history included a downturn in FY '20 followed by much stronger FY '21 and '22 results. Already owned by 2,465 top-rated funds as of Mar '24.
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CMRE - NYSE - Transportation-Ship Costamare Inc	$15.68	-0.52 -3.21%	$16.19	$16.46	-4.74%	460,323 93.56%	492,000
Most Recent Note for CMRE - 6/4/2024 12:37:52 PM Greek shipping firm is pulling back today after powering to new 52-week highs impressively with a noted streak 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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CRAI - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services C R A International Inc	$183.48	+3.60 2.00%	$184.76	$181.68	0.99%	39,571 123.66%	32,000
Most Recent Note for CRAI - 6/4/2024 12:38:40 PM Perched at its all-time highs with today's 4th consecutive volume-driven gain after it stubbornly held its ground. Prior mid-day reports noted - "Reported earnings +52% on +12% sales revenues for the Mar '24 quarter versus the year-ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been strong and steady."
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CRH - NYSE - Bldg-Cement/Concrt/Ag C R H Plc Adr	$76.58	-2.40 -3.04%	$78.85	$88.00	-12.98%	4,535,063 97.17%	4,667,000
Most Recent Note for CRH - 6/4/2024 12:41:02 PM Met resistance at its 50 DMA line ($81.38) which is now downward sloping and volume-driven losses have it slumping near the prior low ($76.11 on 4/25/24) which defines important near-term support to watch. It was perched within close striking distance of its all-time high when noted in prior mid-day reports - "Irish Building - Cement firm reported strong Mar '24 earnings versus a loss on +2% sales revenues versus the year-ago period. Subpar sales revenues growth is cause for concern. Prior quarterly earnings comparisons have not been strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings growth has been strong after a downturn in FY '20."
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DTM - NYSE - Oil&Gas-Transprt/Pipelne DT Midstream Inc	$67.26	+0.40 0.60%	$67.40	$67.38	-0.18%	552,192 82.91%	666,000
Most Recent Note for DTM - 6/4/2024 12:41:42 PM Perched at its all-time high. Quarterly earnings and sales revenues growth through Mar '24 is not a match with the fact-based investment system's fundamental guidelines.
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ESEA - NASDAQ - TRANSPORTATION - Shipping Euroseas Ltd	$39.63	+1.36 3.55%	$41.54	$42.29	-6.29%	66,986 230.99%	29,000
Most Recent Note for ESEA - 6/4/2024 12:44:33 PM Challenging its 52-week high with today's 4th consecutive gain backed by ever-increasing volume. Recently found prompt support near its 50 DMA line ($36.00) when consolidating. Prior mid-day reports cautioned members - "Reported Mar '24 quarterly earnings -14% on +11% sales revenues versus the year-ago period. Prior earnings and sales revenues growth history has been below the fundamental guidelines of the fact-based investment system.
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ETN - NYSE - MANUFACTURING - Diversified Machinery Eaton Corp Plc	$313.05	-11.41 -3.52%	$325.50	$345.19	-9.31%	1,702,823 76.39%	2,229,000
Most Recent Note for ETN - 6/4/2024 12:45:36 PM Retreating from its all-time high and slumping below its 50 DMA line with today's 3rd consecutiev volume-driven loss. Reported Mar '24 quarterly earnings +28% on +8% sales revenues versus the year-ago period. Prior mid-day reports noted - "Its subpar sales revenues and earnings growth history remain a concern, fundamentally."
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GASS - NASDAQ - Transportation-Ship Stealthgas Inc	$8.51	-0.06 -0.70%	$8.65	$8.84	-3.73%	83,054 60.62%	137,000
Most Recent Note for GASS - 6/4/2024 12:46:16 PM Hovering at its 52-week high holding its ground stubbornly following noted volume-driven gains. Made steady progress 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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HEI - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services Heico Corp	$225.27	+2.79 1.25%	$225.37	$225.61	-0.15%	243,847 67.36%	362,000
Most Recent Note for HEI - 6/4/2024 12:47:54 PM Hitting a new all-time high with today's 5th consecutive volume-driven gain. Prior mid-day reports cautioned members - "Reported Apr '24 quarterly earnings +16% on +39% sales revenues versus the year-ago period. Prior quarterly comparisons versus the year-ago periods have not been strong and steady above the +25% minimum earnings guideline (C criteria) of the fact-based investment system."
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HLT - NYSE - LEISURE - Lodging Hilton Worldwide Hldgs	$200.54	+2.38 1.20%	$201.57	$215.79	-7.07%	1,032,518 64.82%	1,593,000
Most Recent Note for HLT - 6/4/2024 12:49:28 PM Recently sputtering below its 50 DMA line ($204) which has acted as resistance. The 5/10/24 mid-day report last cautioned members - "Its Dec '23 and Mar '24 quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Its annual earnings history (A criteria) has been strong after a steep downturn in FY '20. Completed Secondary Offerings on 4/10/18, 10/02/17, 1/04/17, 11/14/16, 5/13/15, 11/03/14 and 6/24/14 after its $20 IPO on 12/12/13."
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IMO - AMEX - ENERGY - Oil & Gas Refining & Marketing Imperial Oil Ltd	$64.56	-1.98 -2.98%	$66.22	$74.58	-13.44%	205,418 58.03%	354,000
Most Recent Note for IMO - 6/4/2024 12:52:00 PM Slumping well below its 50 DMA line ($69.74) with today's 2nd consecutive volume-driven loss. Reported Mar '24 quarterly earnings +5% on +1% sales revenues versus the year-ago period. Prior quarters showed subpar sales and earnings versus the year-ago periods. There was a loss in FY '20. Annual earnings (A criteria) history has been erratic and not a match with the investment system's guidelines.
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NMM - NYSE - TRANSPORTATION - Shipping Navios Maritime Partners	$48.98	+0.06 0.12%	$49.35	$50.24	-2.51%	126,199 83.58%	151,000
Most Recent Note for NMM - 6/4/2024 12:55:47 PM Perched at its 52-week high, stubbornly holding its ground. Found support near prior highs after last noted with caution in the 5/14/24 mid-day report - "Quarterly comparisons through Mar '24 showed subpar sales revenues and earnings increases. Annual earnings (A criteria) history has been erratic."
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SB - NYSE - Transportation-Ship Safe Bulkers Inc	$6.07	+0.01 0.08%	$6.29	$6.10	-0.57%	478,641 74.90%	639,000
Most Recent Note for SB - 6/4/2024 12:56:56 PM Hitting new 52-week and multi-year highs with today's 4th consecutive gainb after a big volume-driven gain on the prior session, getting very extended from any sound base. Reported strong Mar '24 quarterly results but fundamental concerns remain. 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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STEP - NASDAQ - Finance-Investment Mgmt StepStone Group Inc	$44.73	-0.09 -0.20%	$44.83	$45.14	-0.91%	351,046 88.20%	398,000
Most Recent Note for STEP - 6/4/2024 12:58:32 PM Holding its ground stubbornly perched at its 52-week high following noted gains marked by higher volume clearing previously stubborn resistance in the $37 area. Prior mid-day reports cautioned members - "Fundamental concerns remain. Limited history is a concern. Completed its $18 IPO on 9/16/20."
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VLGEA - NASDAQ - RETAIL - Grocery Stores Village Super Market A	$28.57	-1.69 -5.58%	$30.41	$31.00	-7.84%	30,078 136.72%	22,000
Most Recent Note for VLGEA - 6/4/2024 1:02:43 PM Pulled back abruptly from its 52-week high with volume-driven losses testing the 50 DMA line ($28.79) prior high in the $29 area which define important near-term support to watch. Reported Apr '24 quarterly earnings +26% on +3% sales revenues versus the year-ago period. Sub par sales revenues growth and lackluster quarterly and annual earnings (C and A criteria) growth history remain concerns, fundamentally. Small supply of only 6.3 million shares in its trading float can contribute to greater price volatility.
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