Mid-Day Breakouts Report - Thursday, August 3rd, 2023

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MIDDAY BREAKOUTS REPORT - THURSDAY, AUGUST 3RD, 2023
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DOW 35277.71 -4.81 (-0.01%) | NASDAQ 13980.85 7.41 (0.05%) | S&P 500 4506.12 -7.27 (-0.16%)

Time of Screening : 8/3/2023 12:12:54 PM Report Released : 8/3/2023 1:13:01 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

Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (50 DAV)	52 Wk Hi % From Hi	Date Featured	Price Featured	Pivot Point
Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (50 DAV)	52 Wk Hi % From Hi	Date Featured	Price Featured	Max Buy
COKE - NASDAQ Coca Cola Btlg Consol	$718.56	+94.51 15.14%	$731.90	63,432 158.58% of 50 DAV 50 DAV is 40,000	$694.20 3.51%	8/3/2023	$718.56	PP = $694.30 MB = $729.02
Most Recent Note - 8/3/2023 12:32:34 PM Y - Color code is changed to yellow with pivot point cited based on its 5/04/23 high plus 10 cents. Reported Jun '23 quarterly earnings +54% on +9% sales revenues versus the year-ago period, continuing its strong track record. Hitting a new 52-week high with today's big volume-driven gain triggering a technical buy signal, rebounding from below its 50 DMA line ($650). It was dropped from the Featured Stocks list on 7/11/23. >>> The latest Featured Stock Update with an annotated graph appeared on 6/14/2023. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ANSS - NASDAQ - Computer Sftwr-Design Ansys Inc	$304.83	-20.54 -6.31%	$314.60	$351.23	-13.21%	382,277 79.48%	481,000
Most Recent Note for ANSS - 8/3/2023 12:17:20 PM Gapped down today violating its 50 DMA line and prior low ($315) with a 3rd consecutive volume-driven loss. Reported earnings -10% on +5% sales revenues for the Jun '23 quarter versus the year ago period. Prior quarterly comparisons were below the +25% minimum guideline (C criteria).
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ASTE - NASDAQ - MANUFACTURING - Farm & Construction Machinery Astec Industries Inc	$52.32	-1.04 -1.94%	$53.97	$53.97	-3.07%	62,877 84.97%	74,000
Most Recent Note for ASTE - 8/3/2023 12:21:19 PM Hit another new 52-week high today after 5 consecutive gains. Reported earnings +358% on +10% sales revenues for the Jun '23 quarter versus the year-ago period. Fundamental concerns remain. Prior quarterly and annual earnings history (C and A criteria) is not a match with the fact-based investment system's guidelines.
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BDC - NYSE - MANUFACTURING - Industrial Electrical Equipmen Belden Inc	$87.36	-6.69 -7.11%	$91.30	$99.13	-11.87%	321,712 139.27%	231,000
Most Recent Note for BDC - 8/3/2023 12:24:26 PM Gapped down today violating its 50 DMA line ($93.77). Reported earnings +19% for the Jun '23 quarter versus the year-ago period, breaking its track record of strong quarterly earnings increases above the +25% minimum guideline (C criteria) and sequential comparisons show sales revenues growth rate deceleration. Annual earnings history (A criteria) included a downturn in FY '18-20.
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BOOT - NYSE - Retail-Apparel/Shoes/Acc Boot Barn Holdings Inc	$100.91	+10.98 12.20%	$104.91	$104.62	-3.55%	991,477 137.13%	723,000
Most Recent Note for BOOT - 8/3/2023 12:26:08 PM Gapped up today hitting a new 52-week high. Still faces resistance due to overhead supply up to the $135 level. Reported Jun '23 quarterly earnings -12% on +5% sales revenues versus the year-ago period and prior quarterly comparisons were below the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been strong. Completed Secondary Offerings on 5/21/18 and 1/17/18.
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EQIX - NASDAQ - Finance-Property REIT Equinix Inc	$755.44	-50.19 -6.23%	$768.64	$821.63	-8.06%	390,277 81.82%	477,000
Most Recent Note for EQIX - 8/3/2023 12:35:04 PM Reported Jun '23 quarterly earnings -7% on +11% sales revenues versus the year-ago period and gapped down today, retreating from near its 52-week high and violating its 50 DMA line ($772.32). Last noted with caution in the 6/22/23 mid-day report - "It still faces resistance due to overhead supply up to the $885 level. Reported Mar '23 quarterly earnings +71% on +15% sales revenues versus the year-ago period. Three of the 4 latest quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been steady. Completed a new Public Offering on 5/12/20."
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ETD - NYSE - Retail-Home Furnishings Ethan Allen Interiors	$35.33	+4.68 15.27%	$35.33	$34.47	2.49%	294,400 149.44%	197,000
Most Recent Note for ETD - 8/3/2023 12:37:11 PM Hitting a new 52-week high with today's considerable volume-driven gain after reporting Jun '23 quarterly earnings -23% on -18% sales revenues versus the year ago period. Quarterly comparisons have not been strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) had a downturn in FY '20 but were very strong afterward.
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FWRD - NASDAQ - TRANSPORTATION - Trucking Forward Air Corp	$110.93	-7.98 -6.71%	$112.00	$121.38	-8.61%	127,518 78.71%	162,000
Most Recent Note for FWRD - 8/3/2023 12:39:22 PM Gapped down today and undercut both its 50 and 200 DMA lines then recovered back above them. Reported earnings -55% on -22% sales revenues for the Jun '23 quarter versus the year-ago period, its 3rd quarterly comparison well below the +25% minimum guideline (C criteria). Annual earnings history included a downturn in FY '19 and '20, not a good match with the fundamental guidelines (A criteria) of the fact-based investment system. Has a new CEO as of 9/01/18.
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HUBS - NYSE - Computer Sftwr-Enterprse Hubspot Inc	$499.33	-53.90 -9.74%	$515.53	$581.40	-14.12%	853,124 168.94%	505,000
Most Recent Note for HUBS - 8/3/2023 12:44:09 PM Reported Jun '23 quarterly earnings +205% on +25% sales revenues versus the year-ago period, its 4th consecutive quarterly comparison well above the +25% minimum guideline (C criteria). Annual earnings history (A criteria) has been strong. Gapped down today violating its 50 DMA line with a damaging volume-driven loss. Faces resistance due to overhead supply up to the $866 level.
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ITT - NYSE - MANUFACTURING - Industrial Electrical Equipmen I T T Corp	$101.13	+2.85 2.90%	$102.35	$102.32	-1.16%	436,330 99.17%	440,000
Most Recent Note for ITT - 8/3/2023 12:46:46 PM Hitting a new 52-week high with today's volume-driven gain, getting extended from any sound base. Reported earnings +36% for the Jun '23 quarter versus the year-ago period. Fundamental concerns remain. Earnings increases in prior quarterly comparisons versus the year-ago periods have not been strong and steady above the minimum +25% guideline (C criteria). Annual earnings (A criteria) history included a downturn in FY '20.
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MCK - NYSE - WHOLESALE - Drugs Wholesale Mckesson Corp	$428.78	+15.71 3.80%	$435.50	$435.50	-1.54%	717,252 91.84%	781,000
Most Recent Note for MCK - 8/3/2023 12:54:11 PM Gapped up today hitting new 52-week and all-time highs. Found support near its 50 DMA line ($406). Fundamental concerns remain. Reported earnings +25% on +11% sales revenues for the Jun '23 quarter versus the year ago period. Prior 5 quarterly comparisons were below the +25% minimum earnings guideline (C criteria). It has a strong and steady annual earnings (A criteria) history.
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MOD - NYSE - Auto/Truck-Original Eqp Modine Mfg Co	$42.05	+3.87 10.14%	$45.67	$45.66	-7.90%	896,051 153.43%	584,000
Most Recent Note for MOD - 8/3/2023 12:56:58 PM Gapped up today hitting another new 52-week high with a 5th consecutive volume-driven gain. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Reported Jun '23 quarterly earnings +166% on +15% sales revenues versus the year ago period, and 3 of the 4 latest quarterly comparisons were well above 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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NSIT - NASDAQ - RETAIL - Catalog & Mail Order Houses Insight Enterprises Inc	$137.99	-7.80 -5.35%	$138.28	$151.95	-9.19%	234,432 89.14%	263,000
Most Recent Note for NSIT - 8/3/2023 1:00:24 PM Gapped down today violating its 50 DMA line ($143.53). It recently wedged above prior resistance in the $147 area with gains lacking great volume conviction. Reported Jun '23 quarterly earnings -8% versus the year-ago period. Last noted with caution in the 7/11/23 mid-day report - "Subpar sales revenues growth is a concern, fundamentally. Annual earnings (A criteria) history has been steady after a downturn in FY '13."
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PGTI - NASDAQ - Bldg-Constr Prds/Misc P G T Inc	$26.09	-2.86 -9.88%	$27.59	$29.64	-11.98%	525,178 105.25%	499,000
Most Recent Note for PGTI - 8/3/2023 1:02:32 PM Gapped down today violating its 50 DMA line ($27.72). Reported earnings -13% for the Jun '23 quarter versus the year-ago period. Last noted with caution in the 6/06/23 mid-day report - "Fundamental concerns remain. Its annual earnings history included a downturn in FY '19, not a great match with the fact-based investment system's guidelines (A criteria). Completed a new Public Offering on 9/13/18."
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PKE - NYSE - Electronic-Parts Park Aerospace Corp	$14.84	+0.08 0.54%	$14.90	$16.92	-12.29%	77,205 104.33%	74,000
Most Recent Note for PKE - 8/3/2023 1:03:21 PM Faces resistance due to overhead supply up to the $16.92 level. Recently found support above its 50 DMA line and wedged higher with gains lacking volume conviction. Prior mid-day reports cautioned members - "Fundamentals are not a match with the fact-based investment system's guidelines."
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PLPC - NASDAQ - MATERIALS & CONSTRUCTION - Heavy Construction Preformed Line Products	$159.99	-18.51 -10.37%	$177.00	$184.82	-13.43%	18,768 117.30%	16,000
Most Recent Note for PLPC - 8/3/2023 1:06:12 PM Volume is running at an above average pace while pulling back from its all-time high hit on the prior session, testing (undercutting) support at its 50 DMA line ($165) which acted as support during its ongoing ascent. It is extended from any sound base. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Through the Jun '23 quarter, its 3 latest quarterly comparisons versus the year-ago period had earnings per share up +25% or more (C criteria). Annual earnings had a downturn in FY '19.
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STLA - NYSE - Auto Manufacturers Stallantis NV	$19.58	-0.10 -0.48%	$19.59	$20.71	-5.48%	3,294,508 78.25%	4,210,000
Most Recent Note for STLA - 8/3/2023 1:09:07 PM Reported Jun '23 quarterly earnings +42% on +16% sales revenues versus the year ago period. Consolidating this week after noted volume-driven gains for new 52-week highs. Prior mid-day reports noted - "Faces resistance due to overhead supply up to the $22 level following a deep consolidation. Fundamental concerns remain due to subpar quarterly and annual (C and A criteria) earnings history through Dec '22."
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TKR - NYSE - MANUFACTURING - Machine Tools & Accessories Timken Co	$82.10	-9.25 -10.13%	$82.69	$95.08	-13.65%	1,341,054 244.72%	548,000
Most Recent Note for TKR - 8/3/2023 1:11:18 PM Gapped down today violating its 50 DMA line ($86.58) with a damaging volume-driven loss. Reported earnings +13% for the Jun '23 quarter versus the year-ago period, its 2nd subpar quarterly comparison below the +25% minimum guideline (C criteria). Annual earnings (A criteria) had a downturn in FY '20.
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TRTN - NYSE - Comml Svcs-Leasing Triton International Ltd	$84.03	-0.12 -0.14%	$84.32	$84.68	-0.77%	384,679 92.69%	415,000
Most Recent Note for TRTN - 8/3/2023 1:12:55 PM Bermuda-based Container firm has been consolidating in a tight range since a 4/12/23 gap up on M&A news. Fundamental concerns remain. Reported Jun '23 quarterly earnings -18% on -8% sales revenues versus the year-ago period, its 4th consecutive quarterly comparison below the +25% minimum earnings guideline (C criteria). Sequential quarterly comparisons show worrisome deceleration in its sales revenues growth rate and earnings. Completed a new Public Offering on 9/08/17.
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