Mid-Day Breakouts Report - Tuesday, August 8th, 2023

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MIDDAY BREAKOUTS REPORT - TUESDAY, AUGUST 8TH, 2023
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DOW 35155.57 -317.56 (-0.90%) | NASDAQ 13811.12 -183.28 (-1.31%) | S&P 500 4476.3 -42.14 (-0.93%)

Time of Screening : 8/8/2023 12:39:00 PM Report Released : 8/8/2023 1:35:07 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
PLUS - NASDAQ Eplus Inc	$67.60	+9.70 16.75%	$75.90	188,537 150.83% of 50 DAV 50 DAV is 125,000	$75.90 -10.94%	8/8/2023	$67.60	PP = $62.92 MB = $66.07
Most Recent Note - 8/8/2023 1:15:52 PM Y - Color code is changed to yellow with pivot point cited based on its may '22 high plus 10 cents. Gapped up and hit a new all-time high with today's big volume-driven gain triggering a technical buy signal. Reported earnings +42% on +25% sales revenues for the Jun '23 quarter versus the year ago period, its 3rd consecutive quarterly earnings increase above the +25% minimum guideline (C criteria) helping iot better match the winning models of the fact-based investment system. Annual earnings growth (A criteria) has been strong. There are no Featured Stock Updates™ available for this stock at this time. You may request one by clicking the Request a New Note link below
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STRL - NASDAQ Sterling Construction Co	$73.05	+11.24 18.18%	$75.95	760,040 221.52% of 50 DAV 50 DAV is 343,100	$63.21 15.57%	12/14/2022	$32.41	PP = $33.72 MB = $35.41
Most Recent Note - 8/8/2023 1:25:18 PM G - Gapped up today for a considerable volume-driven gain and new all-time high. It is very extended from any sound base. Bullish action came after it reported Jun '23 quarterly earnings +37% on +13% sales revenues versus the year-ago period, a solid increase after the Mar '23 earnings were below the +25% minimum guideline (C criteria). >>> The latest Featured Stock Update with an annotated graph appeared on 7/3/2023. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
BWMX - NASDAQ - Hsehold-Appliances/Wares Betterware de Mexico SAB	$15.03	-0.07 -0.46%	$15.24	$15.65	-3.96%	28,099 104.07%	27,000
Most Recent Note for BWMX - 8/8/2023 12:39:55 PM Hit another new 52-week high on the prior session with a 3rd consecutive volume-driven gain. Prior mid-day reports cautioned members - "Reported Jun '23 quarterly earnings +5% on +17% sales revenues versus the year ago period and fundamental concerns remain."
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ERO - ARCA - Finance-ETF / ETN Barclays Ipath Eur Etn	$20.86	-0.57 -2.66%	$21.01	$24.38	-14.44%	99,758 77.33%	129,000
Most Recent Note for ERO - 8/8/2023 12:41:00 PM On track today for a 6th consecutive loss, retreating from its 52-week high. Fundamental concerns remain.
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FLR - NYSE - MATERIALS & CONSTRUCTION - Heavy Construction Fluor Corp	$34.70	+0.46 1.34%	$34.98	$38.20	-9.16%	3,064,486 177.14%	1,730,000
Most Recent Note for FLR - 8/8/2023 12:42:04 PM Consolidating following a considerable gap up on 8/04/23 challenging its 52-weeek high. Reported Jun '23 quarterly earnings +407% on +19% sales revenues versus the year-ago period. Annual earnings have been up and down (A criteria) and fundamental concerns remain.
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FTDR - NASDAQ - Bldg-Maintenance & Svc Frontdoor Inc	$35.50	-1.03 -2.82%	$36.49	$38.97	-8.90%	878,283 96.83%	907,000
Most Recent Note for FTDR - 8/8/2023 12:43:47 PM Reported improved earnings in the 3 latest quarterly comparisons through Jun ' 23 but with subpar sales revenues growth. Annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines. Faces resistance due to overhead supply up to the $58 level.
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GASS - NASDAQ - Transportation-Ship Stealthgas Inc	$5.40	-0.35 -6.05%	$5.74	$5.75	-6.05%	280,744 80.91%	347,000
Most Recent Note for GASS - 8/8/2023 12:44:59 PM Pulling back today after 3 consecutive gains marked by increasing volume while hitting new multi-year highs. Prior mid-day reports cautioned members - "Fundamental concerns remain due to its erratic sales revenues and earnings history."
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HCCI - NASDAQ - Pollution Control Heritage-Crystal Clean	$46.15	+0.00 0.00%	$46.35	$47.98	-3.81%	199,860 103.02%	194,000
Most Recent Note for HCCI - 8/8/2023 12:45:13 PM Holding its ground since a gap up on 7/20/23 hitting a new all-time high following M&A news. Due to report Jun '23 quarterly results. Three of the 4 latest quarterly earnings comparisons versus the year-ago periods through Mar '23 were above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been up and down, not a match with the fact-based investment system's fundamental guidelines.
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HPE - NYSE - Computer- Tech Services Hewlett Packard Ent Co	$17.91	+0.36 2.07%	$17.99	$17.74	0.97%	10,212,047 78.40%	13,026,000
Most Recent Note for HPE - 8/8/2023 12:46:13 PM Hitting a new 52-week high today. Sales revenues growth has been lackluster and earnings history is not a match with the fact-based investment system's guidelines (C and A criteria).
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HTGC - NYSE - FINANCIAL SERVICES - Closed-End Fund - Debt Hercules Tech Growth Cap	$17.05	-0.98 -5.41%	$17.14	$18.05	-5.57%	3,305,228 366.03%	903,000
Most Recent Note for HTGC - 8/8/2023 12:47:21 PM Gapped down today retreating from its 52-week high following 7 consecutive volume-driven gains. Reported Jun '23 quarterly earnings +66% on +61% sales revenues versus the year ago period, its 3rd consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has not been strong and steady, not a good match with the fact-based investment system's guidelines.
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IGIC - NASDAQ - INSURANCE - Property & Casualty Insurance International Gen Ins Hld	$9.88	+0.10 1.02%	$9.94	$9.99	-1.10%	82,010 122.40%	67,000
Most Recent Note for IGIC - 8/8/2023 12:48:15 PM Perched at its 52-week high following volume-driven gains. Fundamental concerns remain for this Jordan-based specialty Insurance firm.
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ING - NYSE - INSURANCE - Life Insurance I N G Group Nv Adr	$14.54	-0.29 -1.99%	$14.55	$14.88	-2.32%	2,497,999 97.35%	2,566,000
Most Recent Note for ING - 8/8/2023 12:51:14 PM Perched at its 52-week high today after rising from its 50 DMA line. Reported Jun '23 quarterly earnings +100% on +28% sales revenues versus the year ago period, its 2nd strong quarterly comparison versus the year-ago period.
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LINC - NASDAQ - DIVERSIFIED SERVICES - Education &; Training Services Lincoln Educational Svcs	$9.03	+0.42 4.82%	$9.25	$8.76	3.03%	139,590 82.11%	170,000
Most Recent Note for LINC - 8/8/2023 12:52:48 PM Hitting another new 52-week high with today's 2nd consecutive big volume-driven gain. Sales revenues growth rate has been subpar. Quarterly earnings comparisons have not been strong and steady above the +25% minimum guideline (C criteria) and its annual earnings (A criteria) history is also below guidelines.
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MLR - NYSE - AUTOMOTIVE - Auto Parts Miller Industries Inc	$36.94	-0.06 -0.16%	$36.94	$38.88	-4.99%	34,576 119.23%	29,000
Most Recent Note for MLR - 8/8/2023 12:54:32 PM Consolidating near its 52-week high and testing support near its 50 DMA line ($36). Due to report Jun '23 quarterly results. Reported Mar '23 quarterly earnings +350% on +31% sales revenues versus the year-ago period, its 3rd strong quarterly comparison. Annual earnings (A criteria) had a downturn in FY '20 and '21, not a match with the fundamental guidelines of the fact-based investment system. It went through a deep consolidation since dropped from the Featured Stocks list on 1/16/20.
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MPX - NYSE - AUTOMOTIVE - Recreational Vehicles Marine Products Corp	$16.06	+0.33 2.10%	$16.83	$17.73	-9.42%	56,674 125.94%	45,000
Most Recent Note for MPX - 8/8/2023 12:56:13 PM Still sputtering below its 50 DMA line ($16.44). Last noted in the 8/02/23 mid-day report - "Reported Jun '23 quarterly earnings +45% on +21% sales revenues versus the year-ago period, its 4th strong quarterly comparison versus the year-ago period. Fundamental concerns remain after a noted downturn in FY '19 and '20 annual earnings. It was dropped from the Featured Stocks list on 12/10/18."
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MTW - NYSE - MANUFACTURING - Farm & Construction Machinery Manitowoc Co	$17.56	-0.65 -3.57%	$19.48	$20.20	-13.07%	467,365 172.46%	271,000
Most Recent Note for MTW - 8/8/2023 12:58:53 PM Slumping below its 50 DMA line today after a gap up followed by a "negative reversal". When recently consolidating near its 52-week high it encountered resistance in the $18-20 area. Reported strong earnings +257% on +21% sales revenues for the Jun '23 quarter versus the year-ago period. Recent quarterly comparisons showed strong earnings increases. Its up and down annual earnings history (A criteria) is a flaw with respect to the fact-based investment system.
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NVO - NYSE - DRUGS - Drug Manufacturers - Other Novo Nordisk A/S Adr	$190.12	+28.76 17.82%	$192.18	$189.80	0.17%	6,240,464 511.93%	1,219,000
Most Recent Note for NVO - 8/8/2023 1:00:10 PM This Denmark-based Medical - Ethical Drugs firm gapped up today hitting a new all-time high. Last noted in the 7/12/23 mid-day report - "Reported Mar '23 quarterly earnings +38% on +24% sales revenues versus the year-ago period. Fundamental concerns remain. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria)."
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NYT - NYSE - MEDIA - Publishing - Newspapers New York Times Co Cl A	$43.72	+2.90 7.10%	$44.20	$44.20	-1.09%	1,766,151 199.57%	885,000
Most Recent Note for NYT - 8/8/2023 1:06:51 PM Gapped up today hitting a new 52-week high after reporting Jun '23 quarterly earnings +58% versus the year-ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth had a downturn in FY '22. Found support above its 200 DMA line and rebounded after the 5/10/23 mid-day report last cautioned members - "Faces resistance due to overhead supply up to the $55 level."
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OLED - NASDAQ - Elec-Misc Products Universal Display Corp	$158.02	-6.58 -4.00%	$164.21	$166.57	-5.13%	258,479 81.54%	317,000
Most Recent Note for OLED - 8/8/2023 1:08:01 PM Pulling back today after hitting new 52-week highs with 2 volume-driven gains. It faces additional resistance due to overhead supply up to the $262 level. Reported earnings +20% on +7% sales revenues for the Jun '23 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 (A criteria) had a downturn in FY '20. Not a match with the fact-based investment system's fundamental guidelines.
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PRIM - NASDAQ - DIVERSIFIED SERVICES - Technical Services Primoris Services Corp	$33.10	+1.20 3.76%	$34.30	$34.24	-3.33%	312,300 110.74%	282,000
Most Recent Note for PRIM - 8/8/2023 1:18:42 PM Gapped up and hit a new 52-week high today, getting more extended from any sound base. Reported strong Sep, Dec '22, Mar and Jun '23 quarterly earnings backed by strong sales revenues versus the year ago periods. Annual earnings (A criteria) history had a downturn in FY '22, not a great match with the fact-based investment system's guidelines. The Building - Heavy Construction firm is one of the largest specialty contractors and engineering companies in the Western United States primarily serving the growing power and energy sectors.
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RDY - NYSE - DRUGS - Drug Manufacturers - Other Dr Reddys Labs Ltd Adr	$69.80	+0.67 0.97%	$69.86	$69.50	0.43%	200,115 93.95%	213,000
Most Recent Note for RDY - 8/8/2023 1:20:47 PM This India-based firm in the Medical - Generic Drugs industry group is hitting a new 52-week high today. Reported Jun '23 quarterly earnings +13% on +24% sales revenues versus the year-ago period. Prior quarterly and annual earnings history (C and A criteria) leaves fundamental concerns.
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STVN - NYSE - Medical-Services Stevanato Group S P A	$34.95	+2.38 7.31%	$35.87	$35.11	-0.46%	381,069 126.60%	301,000
Most Recent Note for STVN - 8/8/2023 1:27:14 PM Hitting a new all-time high with today's volume-driven gain. Reported Jun '23 quarterly earnings +21% on +13% sales revenues versus the year-ago period. Showed resilience when testing support at its 50 DMA line. Noted with caution in prior mid-day reports - "Faces no resistance due to overhead supply. Reported Mar '23 quarterly earnings -2% on +10% sales revenues versus the year-ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria)."
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TDG - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products &; Services Transdigm Group Inc	$884.86	-29.33 -3.21%	$940.00	$940.00	-5.87%	328,382 136.83%	240,000
Most Recent Note for TDG - 8/8/2023 1:29:28 PM Hit a new all-time high today while churning above average volume and trading in a wider than usual intra-day range. Due to report Jun '23 quarterly results. Reported earnings +55% for the Mar '23 quarter, its 8th consecutive comparison above the +25% minimum earnings guideline (C criteria). Fundamental concerns remain after a downturn in FY '20 and '21 (A criteria) hurt its strong earnings track record.
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VECO - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Veeco Instruments Inc	$29.92	+1.73 6.14%	$30.15	$29.44	1.63%	408,918 75.17%	544,000
Most Recent Note for VECO - 8/8/2023 1:35:00 PM Hit a new 52-week high today. Recent quarterly comparisons through Jun '23 showed subpar sales revenues and earnings increases, below the fact-based investment system's fundamental guidelines.
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