Mid-Day Breakouts Report - Wednesday, July 31st, 2024

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, JULY 31ST, 2024
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DOW 40915.94 172.61 (0.42%) | NASDAQ 17557.31 409.89 (2.39%) | S&P 500 5522.55 86.11 (1.58%)

Time of Screening : 7/31/2024 11:20:16 AM Report Released : 7/31/2024 11:52:35 AM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 45% 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
AGX - NYSE - MATERIALS & CONSTRUCTION - Heavy Construction Argan Inc	$79.89	+2.34 3.02%	$80.20	$80.20	-0.39%	144,977 74.35%	195,000
Most Recent Note for AGX - 7/31/2024 11:21:37 AM Recently rallied from support at its 50 DMA line ($73.76) and matched its 52-week high with today's volume-driven gain. Reported Apr '24 quarterly earnings +263% on +52% sales revenues versus the year-ago period. Fundamental concerns remain. The Building -Heavy Construction firm is not a match with the fact-based investment system's fundamental guidelines.
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ALC - NYSE - Medical-Products Alcon Inc	$94.74	+1.32 1.41%	$95.12	$94.22	0.55%	381,360 47.20%	808,000
Most Recent Note for ALC - 7/31/2024 11:23:10 AM This Switzerland-based Medical Products firm reported Mar '24 quarterly earnings +11% on +5% sales revenues versus the year ago period. Prior earnings history (C criteria) is not a match with the fundamental guidelines of the fact-based investment system.
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ANET - NYSE - Computer-Networking Arista Networks, Inc	$338.25	+26.83 8.61%	$342.20	$376.50	-10.16%	1,920,396 83.42%	2,302,000
Most Recent Note for ANET - 7/31/2024 11:24:11 AM Gapped up today rebounding above its 50 DMA line ($330) with a big volume-driven gain. Patient investors may watch for a sound new base to possibly form and be noted in the weeks ahead. It wedged to new highs since dropped from the Featured Stocks list on 4/17/24. Fundamentals remained strong through the Jun '24 quarter.
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AX - NYSE - Finance-Savings & Loan Axos Financial Inc	$73.33	-4.28 -5.51%	$74.00	$79.15	-7.35%	416,119 58.86%	707,000
Most Recent Note for AX - 7/31/2024 11:27:35 AM Gapped down today abruptly retreating from its all-time high following an impressive spurt of gains. Three of the 4 latest quarterly comparisons through Jun '24 showed earnings increases below the +25% minimum earnings guideline (C criteria). Annual earnings growth has been strong and steady.
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BBVA - NYSE - BANKING - Foreign Regional Banks Banco Bilbao Viz Arg Adr	$10.54	-0.40 -3.66%	$10.62	$12.20	-13.61%	2,735,649 239.76%	1,141,000
Most Recent Note for BBVA - 7/31/2024 11:28:27 AM Gapped down today testing its 50 DMA line ($10.47). The 7/24/24 mid-day report noted - <i>"Faces resistance due to overhead supply up to the $12.20 level. Reported Mar '24 quarterly earnings +24% on +21% sales revenues versus the year-ago period, after 4 consecutive quarterly comparisons above the +25% minimum earnings guideline. This Spanish banking firm's annual earnings growth has been strong after a downturn in FY '20."</i>
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CLH - NYSE - Pollution Control Clean Harbors Inc	$237.24	+12.82 5.71%	$238.23	$237.35	-0.05%	159,052 53.92%	295,000
Most Recent Note for CLH - 7/31/2024 11:30:01 AM Rallying from its 50 DMA line to hit a new 52-week high with today's big volume-driven gain. It was dropped from the Featured Stocks list on 9/26/23. Jun '24 quarterly earnings were +15% on +11% sales revenues versus the year-ago period, its 5th consecutive quarterly comparison below the +25% minimum earnings guideline (C criteria). Fundamental concerns remain.
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CRAI - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services C R A International Inc	$176.21	-3.70 -2.06%	$181.95	$187.10	-5.82%	46,189 104.98%	44,000
Most Recent Note for CRAI - 7/31/2024 11:30:45 AM Testing its 50 DMA line with today's volume-driven loss, encountering distributional pressure while perched within close striking distance of its all-time high. Due to report Jun '24 quarterly results. 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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FFIV - NASDAQ - INTERNET - Internet Software & Services F 5 Networks Inc	$205.04	+4.38 2.18%	$205.92	$202.40	1.30%	316,510 57.86%	547,000
Most Recent Note for FFIV - 7/31/2024 11:31:45 AM Gapped up on the prior session for a big gain and rallying further today hitting new 52-week highs. Reported earnings +5% on -1% sales revenues for the Jun '24 quarter. Subpar sales revenue growth leaves fundamental concerns. Annual earnings (A criteria) growth had a downturn in FY '20 and '22.
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GNRC - NYSE - Electrical-Power/Equipmt Generac Hldgs Inc	$156.07	+0.50 0.32%	$169.57	$161.80	-3.54%	810,950 95.97%	845,000
Most Recent Note for GNRC - 7/31/2024 11:33:28 AM Reversed into the red today after rallying above its July '23 high with an early gain. Reported Mar '24 quarterly earnings +40% on +0% sales revenues versus the year ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). It was dropped from the Featured Stocks list on 12/01/21.
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GRMN - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Garmin Ltd	$171.85	-7.49 -4.18%	$177.19	$179.76	-4.40%	490,408 70.46%	696,000
Most Recent Note for GRMN - 7/31/2024 11:34:49 AM Gapped down today retreating from all-time highs after considerable volume-driven gains. Rallied after finding support at its 50 DMA line. Reported earnings +9% on +14% sales revenues for the Jun '24 quarter versus the year ago period, below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been lackluster.
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INFY - NYSE - COMPUTER SOFTWARE & SERVICES - Technical & System Software Infosys Ltd Ads	$22.00	-0.62 -2.72%	$22.65	$22.94	-4.12%	7,223,533 68.31%	10,574,000
Most Recent Note for INFY - 7/31/2024 11:35:46 AM Retreating from its 52-week high with today's volume-driven loss. 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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MOD - NYSE - Auto/Truck-Original Eqp Modine Mfg Co	$109.73	+10.81 10.93%	$109.97	$120.11	-8.64%	443,666 47.55%	933,000
Most Recent Note for MOD - 7/31/2024 11:38:47 AM Found support near its 50 DMA line and rallying to challenging its 52-week and all-time highs with today's considerable gain. Reported Jun '24 quarterly earnings +22% on +6% sales revenues versus the year ago period, its 2nd quarterly comparison below the +25% minimum earnings guideline (C criteria). Lackluster sales revenues growth has been a noted concern. Annual earnings (A criteria) history has been strong following a downturn in FY '20.
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PSN - NYSE - Computer Sftwr-Enterprse Parsons Corporation	$87.41	+10.23 13.25%	$89.60	$85.44	2.30%	1,299,135 155.77%	834,000
Most Recent Note for PSN - 7/31/2024 11:40:33 AM Gapped up today and rallied to a new all-time high with a considerable volume-driven gain from near its 50 DMA line ($78). Reported earnings +33% on +23% sales revenues for the Jun '24 quarter versus the year ago period, its 5th strong quarter above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) growth has not been strong and steady. Fundamental concerns remain.
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SMFG - NYSE - BANKING - Money Center Banks Sumitomo Mitsui Finl Adr	$14.42	+0.76 5.56%	$14.53	$14.35	0.49%	450,118 54.83%	821,000
Most Recent Note for SMFG - 7/31/2024 11:42:54 AM Making its 2nd consecutive mid-day report appearance it gapped up today hitting another new 52-week high. Concerns remain as when noted with caution in the 9/10/13 mid-day report - "Earnings history has been erratic and not a match with the fact-based investment system."
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TEVA - NYSE - DRUGS - Drug Manufacturers - Other Teva Pharmaceutical Ads	$17.79	+1.38 8.38%	$17.86	$17.69	0.54%	8,999,029 103.41%	8,702,000
Most Recent Note for TEVA - 7/31/2024 11:45:25 AM Gapped up today and rallied to new multi-year highs, finding prompt support near its 50 DMA line. Reported Jun '24 quartterly earnings +9% on +7% sales revenues versus the year-ago period. Prior mid-day reports cautioned members - "Quarterly earnings increases have been below the +25%* guideline."*
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TT - NYSE - Machinery-Gen Industrial Trane Technologies Plc	$343.85	+15.02 4.57%	$351.41	$347.33	-1.00%	775,073 59.44%	1,304,000
Most Recent Note for TT - 7/31/2024 11:47:13 AM Found prompt support near its 50 DMA line ($332) and gapped up today rallying to hit a new all-time high. Reported Jun '24 quarterly earnings +23% on +13% sales revenues versus the year-ago period. Three of the 4 latest quarterly earnings increases were below the +25% minimum guideline (C criteria). Fundamental concerns remain. There was a downturn in FY '19 and '20 earnings (A criteria).
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UMBF - NASDAQ - BANKING - Regional - Southwest Banks U M B Financial Corp	$103.78	+4.73 4.78%	$104.15	$99.78	4.01%	283,978 66.82%	425,000
Most Recent Note for UMBF - 7/31/2024 11:48:53 AM Gapped up today hitting new multi-year highs. Recent rallied from support near its 50 DMA line ($86.11). Last noted with caution in the 4/29/24 mid-day report - "Quarterly comparisons have not shown strong and steady sales revenues growth and its earnings history is not a great match with the fact-based investment system's fundamental guidelines."
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VRSK - NASDAQ - DIVERSIFIED SERVICES - research Verisk Analytics Cl A	$266.74	-19.26 -6.73%	$276.91	$287.13	-7.10%	395,652 51.99%	761,000
Most Recent Note for VRSK - 7/31/2024 11:51:03 AM Gapped down today abruptly slumping from its all-time high and below its 50 DMA line ($267.73). Reported earnings +15% on +6% sales revenues for the Jun '24 quarter versus the year-ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings history had a downturn in FY '21.
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WING - NASDAQ - Retail-Restaurants Wingstop Inc	$367.86	-8.71 -2.31%	$397.90	$431.03	-14.66%	385,364 91.75%	420,000
Most Recent Note for WING - 7/31/2024 11:52:30 AM Reversed into the red today after an early gain met resistance near its 50 DMA line ($392). Reported Jun '24 quarterly earnings +63% on +45% sales revenues versus the year-ago period, and 3 of the 4 latest quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings growth has been strong after a downturn in FY '19.
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