Mid-Day Breakouts Report - Friday, July 19th, 2024

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MIDDAY BREAKOUTS REPORT - FRIDAY, JULY 19TH, 2024
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DOW 40291.92 -373.1 (-0.92%) | NASDAQ 17738.82 -132.41 (-0.74%) | S&P 500 5512.91 -31.68 (-0.57%)

Time of Screening : 7/19/2024 12:59:14 PM Report Released : 7/19/2024 1:27:15 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 75% 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
AIR - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services A A R Corp	$65.25	-8.04 -10.97%	$67.98	$76.34	-14.53%	531,535 216.07%	246,000
Most Recent Note for AIR - 7/19/2024 1:00:28 PM Gapped down today abruptly retreating from its all-time high with a 3rd volume-driven loss. Reported May '24 quarterly earnings +6% on +19% sales revenues versus the year-ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum guideline (C criteria). Annual earnings (A criteria) had a downturn in FY '20 and '21.
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AXP - NYSE - FINANCIAL SERVICES - Credit Services American Express Co	$240.34	-8.86 -3.56%	$242.70	$253.73	-5.28%	2,684,827 100.86%	2,662,000
Most Recent Note for AXP - 7/19/2024 1:02:03 PM This well known Finance - Credit Card Payment Processing firm gapped downm today undercutting prior highs and falling near its 50 DMA line ($236). Reported Jun '24 quarterly earnings +44% on +10% sales revenues versus the year ago period, its 4th quarterly comparison above the +25% minimum guideline (C criteria). 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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BMI - NYSE - Machinery-Constr/Mining Badger Meter Inc	$189.94	-4.05 -2.09%	$194.59	$202.81	-6.35%	163,779 99.87%	164,000
Most Recent Note for BMI - 7/19/2024 1:04:20 PM Met resistance near its all-time high and today's 3rd consecutive volume-driven loss is violating its 50 DMA line. Reported Jun '24 quarterly earnings +47% on +23% sales revenues versus the year-ago period, its 6th consecutive quarterly comparison above the +25% minimum guideline (C criteria). Annual earnings (A criteria) growth has been steady.
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DHI - NYSE - Bldg-Resident/Comml D R Horton Inc	$174.88	+1.46 0.84%	$177.06	$177.47	-1.46%	2,063,064 80.40%	2,566,000
Most Recent Note for DHI - 7/19/2024 1:07:58 PM Rallied to new all-time highs with volume-driven gains. Reported Jun '24 quarterly earnings +5% on +2% sales revenues versus the year-ago period. Prior quarterly results were subpar. Went through a deep consolidation since dropped from the Featured Stocks list on 1/18/22.
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INFY - NYSE - COMPUTER SOFTWARE & SERVICES - Technical & System Software Infosys Ltd Ads	$21.80	-0.45 -2.02%	$21.87	$22.61	-3.58%	8,466,689 83.13%	10,185,000
Most Recent Note for INFY - 7/19/2024 1:11:13 PM Ralled to a new 52-week high with a big gap up gain on the prior session. Reported earnings +5% on +2% sales revenues for the Jun '24 quarter versus the year ago period. Prior quarterly earnings comparisons were not strong and steady above the +25% minimum guideline of the fact-based system (C criteria). Fundamental concerns remain for this India-based Computer - Tech Services firm.
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ISRG - NASDAQ - HEALTH SERVICES - Medical Appliances & Equipment Intuitive Surgical Inc	$450.15	+34.01 8.17%	$456.81	$449.00	0.26%	2,450,670 177.84%	1,378,000
Most Recent Note for ISRG - 7/19/2024 1:12:36 PM Gapped up today and hit a new all-time high, finding prompt support near its 50 DMA line. Reported Mar '24 quarterly earnings +25% on +14% sales revenues versus the year-ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum guideline (C criteria). Went through a deep consolidation from its high hit after a 3:1 share split effective 10/05/21. Annual earnings (A criteria) history has been up and down.
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KEQU - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Kewaunee Scientific Corp	$50.01	-0.49 -0.96%	$50.75	$52.80	-5.29%	19,388 88.13%	22,000
Most Recent Note for KEQU - 7/19/2024 1:13:31 PM Pulling back today for a 4th consecutive small loss after spiking to a new all-time high with a big volume-driven gain when noted in the 7/15/24 mid-day report - "Extended from any sound base. Reported strong earnings increases in recent quarters through Apr '24. Subpar sales revenues growth and annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines."
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LLY - NYSE - Medical-Diversified Lilly Eli & Co	$861.27	+12.37 1.46%	$880.21	$966.10	-10.85%	2,199,800 80.08%	2,747,000
Most Recent Note for LLY - 7/19/2024 1:14:52 PM Abruptly pulled back from its all-time high but it is finding prompt support near its 50 DMA line ($856). Reported Mar '24 quarterly earnings +59% on +26% sales revenues versus the year-ago period. Fundamental concerns remain as the 2 prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria) of the fact-based investment system. It has made impressive price progress since dropped from the Featured Stocks list on 8/11/22.
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MG - NYSE - DIVERSIFIED SERVICES - Bulding and Faci;ity Management Services Mistras Group Inc	$8.91	-0.05 -0.56%	$9.02	$9.85	-9.54%	203,686 345.23%	59,000
Most Recent Note for MG - 7/19/2024 1:15:56 PM Consolidating after recently rebounding above its 50 DMA line ($8.44) with 7 consecutive gains. Concerns remain, fundamentally, as its quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's guidelines.
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MS - NYSE - Banks-Money Center Morgan Stanley	$103.35	-1.47 -1.40%	$104.72	$109.11	-5.28%	4,827,213 77.95%	6,193,000
Most Recent Note for MS - 7/19/2024 1:18:31 PM Retreating from its all-time high with today's 2nd volume-driven loss. Reported Jun '24 quarterly earnings +47% on +18% sales revenues versus the year ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth had a downturn in FY '22 and '23.
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NFLX - NASDAQ - SPECIALTY RETAIL - Music & Video Stores Netflix Inc	$638.05	-4.99 -0.78%	$678.97	$697.49	-8.52%	6,546,830 216.00%	3,031,000
Most Recent Note for NFLX - 7/19/2024 1:19:32 PM After wedging to new 52-week highs with noted gains lacking great volume conviction it has slumped below its 50 DMA line ($652) with recent volume-driven losses. Noted with caution in prior mid-day reports - "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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NRIM - NASDAQ - BANKING - Regional - Pacific Banks Northrim Bancorp Inc	$66.61	+0.20 0.29%	$67.17	$68.81	-3.20%	16,935 84.68%	20,000
Most Recent Note for NRIM - 7/19/2024 1:21:23 PM Perched at its 52-week high today following a streak of 8 consecutive gain. This small and thinly traded Alaskan Bank's quarterly and annual earnings (C and A) growth has not been strong and steady.
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PINS - NYSE - INTERNET - Content Pinterest Inc Cl A	$41.10	+0.14 0.33%	$41.77	$45.19	-9.06%	6,236,514 82.82%	7,530,000
Most Recent Note for PINS - 7/19/2024 1:23:06 PM Recently slumped below its 50 DMA line ($42.59). Reported Mar '24 quarterly earnings +150% on +23% sales revenues versus the year-ago period, its 4th strong quarterly comparison. After a downturn in FY '22 its annual earnings (A criteria) history is not a match with the fundamental guidelines of the fact-based investment system.
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SPNS - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software Sapiens Intl Corp	$39.63	+0.65 1.67%	$39.66	$39.61	0.05%	121,044 89.00%	136,000
Most Recent Note for SPNS - 7/19/2024 1:25:04 PM Perched at its 52-week high following a noted streak of 5 consecutive volume-driven gains. Found support recently while consolidating above its 50 DMA line ($34.58). Fundamental concerns remain. Quarterly comparisons through Mar '24 have been below the +25% minimum earnings guideline (C criteria). Completed a new Public Offering on 10/16/20.
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WAL - NYSE - BANKING - Regional - Pacific Banks Western Alliance Bancorp	$76.70	+5.62 7.91%	$78.27	$74.97	2.31%	1,662,903 184.15%	903,000
Most Recent Note for WAL - 7/19/2024 1:27:09 PM Hitting another new 52-week high today. Held its ground following 6 consecutive gains after finding support at its 50 DMA line. Reported Jun '24 quarterly earnings -11% on +15% sales revenues versus the year ago period. Many recent quarterly comparisons were down from the year-ago periods, not above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has been strong and steady.
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