Mid-Day Breakouts Report - Friday, June 14th, 2024

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MIDDAY BREAKOUTS REPORT - FRIDAY, JUNE 14TH, 2024
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DOW 38494.47 -152.63 (-0.39%) | NASDAQ 17638.78 -28.78 (-0.16%) | S&P 500 5419.09 -14.65 (-0.27%)

Time of Screening : 6/14/2024 12:01:26 PM Report Released : 6/14/2024 12:41:39 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	$1,703.22	+24.23 1.44%	$1,720.81	$1,735.85	-1.88%	2,599,534 98.84%	2,630,000
Most Recent Note for AVGO - 6/14/2024 12:06:03 PM Gapped up on the prior session hitting another new all-time high and rising today for a 6th consecutive gain backed volume. Recently found support near its 50 DMA line ($1,358). Reported Apr '24 quarterly earnings +6% on +43% sales revenues versus the year ago period, its 6th subpar quarter. Prior quarterly comparisons were above the +25% minimum guideline (C criteria). Annual earnings history (A criteria) has been strong.
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CRAI - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services C R A International Inc	$170.54	-0.99 -0.58%	$173.03	$187.10	-8.85%	25,124 73.89%	34,000
Most Recent Note for CRAI - 6/14/2024 12:08:06 PM Pulling back from its all-time high with today's 6th loss in the span of 7 sessions. 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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CYBR - NASDAQ - COMPUTER SOFTWARE and SERVICES - Security Software and Services Cyber-Ark Software Ltd	$249.83	-1.96 -0.78%	$254.72	$283.00	-11.72%	348,596 68.49%	509,000
Most Recent Note for CYBR - 6/14/2024 12:10:19 PM This Israel-based Computer Software - Security firm rebounded above its 50 DMA line ($241) with recent volume-driven gains. Reported strong earnings versus a loss on +37% sales revenues for the Mar '24 quarter versus the year-ago period. Recent quarters have shown great improvement over the year-ago periods. Fundamental concerns remain after a downturn in FY '20 and '21 and a loss in FY '22 (A criteria).
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IMMR - NASDAQ - COMPUTER HARDWARE - Computer Peripherals Immersion Corporation	$10.78	+0.10 0.89%	$10.92	$10.88	-0.97%	344,824 70.52%	489,000
Most Recent Note for IMMR - 6/14/2024 12:18:04 PM Rallying to another new 52-week high with today's 5th consecutive volume-driven gain. Reported Mar '24 quarterly earnings +117% on +520% sales revenues versus the year-ago period. Prior quarterly earnings history has been erratic with minuscule sales revenues. Annual earnings growht has been strong.
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KFY - NYSE - DIVERSIFIED SERVICES - Staffing & Outsourcing Service Korn Ferry International	$66.80	-3.47 -4.94%	$70.78	$70.48	-5.22%	241,026 77.25%	312,000
Most Recent Note for KFY - 6/14/2024 12:23:52 PM Abruptly retreating today after spiking to a new 52-week high with 3 big volume-driven gains. Earnings rose +25% on -5% sales revenues in the Apr '24 quarter versus the year ago period. Prior quarters were not strong and steady and its annual earnings (A criteria) history has been up and down.
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LII - NYSE - CONSUMER DURABLES - Appliances Lennox International Inc	$525.55	-14.45 -2.68%	$535.39	$541.27	-2.90%	197,074 68.19%	289,000
Most Recent Note for LII - 6/14/2024 12:25:37 PM Pulling back today after hitting new 52-week highs with volume-driven gains. Last noted in the 4/24/24 mid-day report - "Reported +23% earnings on +0% sales revenues for the Mar '24 quarter versus the year-ago period. Prior 2 quarterly comparisons were above the +25% minimum earnings guideline (C criteria)."
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NFLX - NASDAQ - SPECIALTY RETAIL - Music & Video Stores Netflix Inc	$671.46	+18.20 2.79%	$675.58	$664.25	1.09%	2,319,006 65.71%	3,529,000
Most Recent Note for NFLX - 6/14/2024 12:28:06 PM Wedging to new 52-week highs with recent gains lacking great volume conviction. Rebounded from below its 50 DMA line since last noted with caution in the 4/24/24 mid-day report - "Reported very strong Mar '24 quarterly earnings +83% on +15% sales revenues versus the year ago period. Not a match with the winning models of the fact-based investment system. Prior earnings increases have not been strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history had a downturn in FY '22. It was dropped from the Featured Stocks list on 10/30/20."
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NMM - NYSE - TRANSPORTATION - Shipping Navios Maritime Partners	$47.30	-2.12 -4.29%	$49.43	$53.28	-11.22%	170,918 101.13%	169,000
Most Recent Note for NMM - 6/14/2024 12:29:33 PM Pulling back from its 52-week high with today's 5th consecutive volume-driven loss. Noted with caution in prior mid-day reports - "Quarterly comparisons through Mar '24 showed subpar sales revenues and earnings increases. Annual earnings (A criteria) history has been erratic."
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PH - NYSE - MANUFACTURING - Industrial Equipment & Compone Parker-Hannifin Corp	$496.66	-32.24 -6.10%	$517.34	$570.15	-12.89%	456,663 68.77%	664,000
Most Recent Note for PH - 6/14/2024 12:32:12 PM Gapped down for a big volume-driven loss today after meeting resistance when rebounding near its 50 DMA line ($540) which is now downward sloping. Noted with caution in the 5/02/24 mid-day report - "Reported Mar '24 quarterly earnings +10% on +0% sales revenues versus the year-ago period. This giant machinery firm's prior quarterly comparisons were not strong and steady above the +25% minimum guideline (C criteria). Annual earnings history (A criteria) has been strong and steady."
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RACE - NYSE - Auto Manufacturers Ferrari NV	$407.43	-9.25 -2.22%	$407.62	$442.80	-7.99%	151,086 61.17%	247,000
Most Recent Note for RACE - 6/14/2024 12:34:04 PM Gapped down for a 2nd consecutive session today retreating back below its 50 DMA line ($415) which is now downward sloping. Noted with caution in prior mid-day reports - "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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STRA - NASDAQ - DIVERSIFIED SERVICES - Education & Training Services Strayer Education Inc	$107.79	-1.40 -1.28%	$108.16	$123.62	-12.81%	237,500 161.56%	147,000
Most Recent Note for STRA - 6/14/2024 12:35:29 PM Slumping below its 50 DMA line with recent volume-driven losses. Reported March 31, 2024 quarterly earnings +363% on +13% sales revenues versus the year-ago period, its 3rd strong quarterly comparison. Annual earnings (A criteria) history has been erratic. Small supply of 24.6 shares outstanding (S criteria) may contribute to greater price volatility in the event of institutional buying or selling.
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TDW - NYSE - TRANSPORTATION - Shipping Tidewater Inc	$97.31	-6.73 -6.47%	$102.83	$111.42	-12.66%	501,982 63.14%	795,000
Most Recent Note for TDW - 6/14/2024 12:38:09 PM Slumping below its 50 DMA line ($99.51) with today's big loss after recently rebounding near its 52-week high. The 6/10/24 mid-day report noted - <i>"Reported Mar '24 quarterly earnings +287% on +66% sales revenues versus the year-ago period. Annual earnings history is below the guidelines, but after many years of losses it had profitable results in FY '22 and '23."</i>
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TPL - NYSE - Real Estate Dvlpmt/Ops Texas Pacific Land Trust	$749.98	-14.02 -1.84%	$774.13	$799.46	-6.19%	58,250 64.72%	90,000
Most Recent Note for TPL - 6/14/2024 12:39:48 PM Paused after 3 consecutive volume-driven gains rallying well above prior highs. Prior mid-day reports cautioned members - "Still faces some resistance due to overhead supply up to the $913 level. Reported Mar '24 quarterly earnings +33% on +19% sales revenues versus the year-ago period. Prior quarterly comparisons were below the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been up and down."
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WHD - NYSE - Oil&Gas-Machinery/Equip Cactus Inc	$51.19	-1.71 -3.23%	$52.72	$57.00	-10.19%	587,855 99.13%	593,000
Most Recent Note for WHD - 6/14/2024 12:41:33 PM Consolidating near its 50 DMA line ($50.86) after nearly challenging prior highs with recent volume-driven gains. Reported Mar '24 quarterly earnings +17% on +20% sales revenues versus the year ago period, breaking a streak of quarterly earnings increases above the +25% minimum guideline (C criteria). Annual earnings history has been up and down, not a match with the fact-based investment system's fundamental guidelines.
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