Mid-Day Breakouts Report - Thursday, August 17th, 2023

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MIDDAY BREAKOUTS REPORT - THURSDAY, AUGUST 17TH, 2023
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DOW 34767.26 1.52 (0.00%) | NASDAQ 13470.82 -3.8 (-0.03%) | S&P 500 4410.61 6.28 (0.14%)

Time of Screening : 8/17/2023 1:18:37 PM Report Released : 8/17/2023 2:01:44 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
BWMX - NASDAQ - Hsehold-Appliances/Wares Betterware de Mexico SAB	$14.46	-0.50 -3.34%	$14.91	$15.71	-7.96%	33,252 107.26%	31,000
Most Recent Note for BWMX - 8/17/2023 1:19:58 PM Pulling back from its 52-week high with today's 2nd loss following noted volume-driven gains. 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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CLS - NYSE - Elec-Contract Mfg Celestica Inc	$21.15	+0.07 0.33%	$21.79	$22.68	-6.75%	1,100,784 76.71%	1,435,000
Most Recent Note for CLS - 8/17/2023 1:20:32 PM Still hovering near its 52-week high after noted volume-driven gains, extended from any sound base. Reported earnings +25% on +13% sales revenues for the Jun '23 quarter versus the year ago period, and 6 of the last 7 quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been strong since bottoming in FY '19.
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CSCO - NASDAQ - COMPUTER HARDWARE - Networking & Communication Dev Cisco Systems Inc	$55.12	+2.16 4.07%	$55.84	$54.14	1.80%	27,283,240 152.24%	17,921,000
Most Recent Note for CSCO - 8/17/2023 1:23:14 PM Gapped up today hitting a new 52-week high. Reported Jul '23 quarterly earnings +37% on +16% sales revenues versus the year ago period. Fundamental concerns remain. Prior quarterly and annual earnings history is not a match with the fact-based investment system's fundamental guidelines.
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DE - NYSE - MANUFACTURING - Farm & Construction Machinery Deere & Co	$423.31	-0.64 -0.15%	$425.42	$450.00	-5.93%	1,098,810 76.79%	1,431,000
Most Recent Note for DE - 8/17/2023 1:26:20 PM Met stubborn resistance in the $448 area since April '22. Pulling back testing its 50 DMA line ($417) with today's 3rd consecutive volume-driven loss. Reported Apr '23 quarterly earnings +42% on +30% sales revenues versus the year ago period, its 3rd consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history had a downturn in FY '20 followed by strong growth.
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ELF - NYSE - Cosmetics/Personal Care E L F Beauty Inc	$122.73	-6.79 -5.24%	$129.84	$137.48	-10.73%	863,289 79.64%	1,084,000
Most Recent Note for ELF - 8/17/2023 1:29:19 PM Retreating from near its 52-week high, abruptly slumping today toward its 50 DMA line ($115.85) which defines important near-term support to watch. Reported Jun '23 quarterly earnings +182% on +76% sales revenues versus the year-ago period, adding to its streak of very strong quarterly results well above the +25% minimum earnings guideline (C criteria). Fundamental concerns remain after a downturn in its FY '19 and '20 annual earnings (A criteria) history, not a great match the fact-based investment system's fundamental guidelines.
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HTGC - NYSE - FINANCIAL SERVICES - Closed-End Fund - Debt Hercules Tech Growth Cap	$16.31	-0.21 -1.27%	$16.58	$18.05	-9.64%	915,197 91.98%	995,000
Most Recent Note for HTGC - 8/17/2023 1:32:49 PM Gapped down again today retreating further from its 52-week high. Last noted with caution in the 8/09/23 mid-day report - "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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LYTS - NASDAQ - Bldg-Constr Prds/Misc L S I Industries Inc	$15.00	+2.24 17.55%	$15.64	$16.00	-6.25%	816,847 336.15%	243,000
Most Recent Note for LYTS - 8/17/2023 1:38:51 PM Gapped up today for a big volume-driven gain after reportingn strong Jun '23 results, rallying from near its 50 and 200 DMA lines to nearly challenge its 52-week high. Volume and volatility often increae near earnings news. Reported Mar'23 quarterly earnings +27% on +7% sales revenues versus the year ago period. Last noted in the 3/14/23 mid-day report - "Recent quarterly comparisons through Dec '22 versus the year ago period showed very strong earnings increases versus the year ago periods above the +25% minimum guideline (C criteria) but sequential comparisons show a deceleration in its sales revenues growth rate. Sales rose +53%, +31%, +19%, and +16% in the Mar, Jun, Sep, and Dec '22 quarters. Annual earnings history has been strong after a downturn in FY '19."
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MCK - NYSE - WHOLESALE - Drugs Wholesale Mckesson Corp	$418.50	-11.12 -2.59%	$422.15	$441.00	-5.10%	614,586 78.79%	780,000
Most Recent Note for MCK - 8/17/2023 1:41:11 PM Gapped down today retreating from its all-time high. Its 50 DMA line ($413) defines important near-term support. Last noted with caution in the 8/04/23 mid-day report - "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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PHG - NYSE - CONSUMER DURABLES - Electronic Equipment Koninklijke Philips ADR	$22.39	+1.01 4.72%	$22.66	$23.30	-3.91%	970,886 105.99%	916,000
Most Recent Note for PHG - 8/17/2023 1:42:53 PM Reported earnings +108% on +4% sales revenues for the Jun '23 quarter versus the year-ago period. Rebounding above its 50 DMA line toward its prior high ($23.30) but faces resistance due to considerable overhead supply up to the $37+ level. Fundamental concerns remain. Prior sales revenues and earnings history is below guidelines of the fact-based investment system.
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PINS - NYSE - INTERNET - Content Pinterest Inc Cl A	$27.13	+0.92 3.49%	$27.51	$30.86	-12.10%	10,348,218 100.12%	10,336,000
Most Recent Note for PINS - 8/17/2023 1:44:55 PM Finding support at its 200 DMA line. Reported earnings +91% on +6% sales revenues versus the year-ago period. Prior quarterly and annual earnings history is not a match with the fundamental guidelines of the fact-based investment system.
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PSN - NYSE - Computer Sftwr-Enterprse Parsons Corporation	$55.37	-0.19 -0.34%	$55.89	$56.16	-1.41%	477,070 99.81%	478,000
Most Recent Note for PSN - 8/17/2023 1:46:55 PM Perched at its all-time high, stubbornly holding its ground following recent gains backed by above average volume. Reported earnings +54% on +34% sales revenues for the Jun '23 quarter versus the year ago period. Prior quarterly earnings comparisons were not strong and steady above the +25% minimum guideline (C criteria). Fundamental concerns remain.
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RDY - NYSE - DRUGS - Drug Manufacturers - Other Dr Reddys Labs Ltd Adr	$71.68	+0.68 0.96%	$71.74	$72.13	-0.62%	184,957 76.75%	241,000
Most Recent Note for RDY - 8/17/2023 1:48:25 PM This India-based firm in the Medical - Generic Drugs industry group is hovering near its 52-week high stubbornly holding its ground following noted volume-driven gains. 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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SNPS - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software Synopsys Inc	$429.95	+1.74 0.41%	$451.99	$468.03	-8.14%	744,458 81.81%	910,000
Most Recent Note for SNPS - 8/17/2023 1:53:36 PM Meeting resistance when trying to rebound above its 50 DMA line ($440). Consolidating for 12-weeks following considerable volume-driven gains. Reported Jul '23 quarterly earnings +37% on +19% sales revenues versus the year ago period, but the 4 prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). It went through a deep consolidation then rebounded impressively since dropped from the Featured Stocks list on 9/01/22.
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STLA - NYSE - Auto Manufacturers Stallantis NV	$17.90	-0.02 -0.11%	$18.04	$20.71	-13.57%	3,616,068 75.16%	4,811,000
Most Recent Note for STLA - 8/17/2023 1:56:23 PM Reported Jun '23 quarterly earnings +42% on +16% sales revenues versus the year ago period, its 2nd strong quarter. Down today for its 1th small volume-driven loss in the span of 13 sessions from its 52-week high, now slumping below its 50 DMA line ($18.09). 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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TRNS - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Transcat Inc	$93.39	+0.16 0.17%	$94.76	$96.72	-3.44%	48,987 204.11%	24,000
Most Recent Note for TRNS - 8/17/2023 2:00:06 PM Found support at its 200 DMA line in recent weeks and after volume-driven gains it is perched at its 52-week high within striking distance of Nov '21 all-time high ($101.05). The 8/10/23 mid-ay report last noted - "Reported earnings -4% on +11% sales revenues for the Jun '23 quarter versus the year ago period, its 5th quarterly comparison below the +25% minimum guideline (C criteria). Annual earnings (A criteria) growth has been up and down in recent years."
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TTEK - NASDAQ - DIVERSIFIED SERVICES - Technical Services Tetra Tech Inc	$160.73	-5.80 -3.48%	$166.53	$173.27	-7.24%	440,207 148.22%	297,000
Most Recent Note for TTEK - 8/17/2023 2:01:38 PM Gapped down today, retreating from near its 52-week high and violating its 50 DMA line ($165.37). Reported Jun '23 quarterly earnings +19% on +36% sales revenues versus the year ago period. The 6/30/23 mid-day report last noted - "Sales revenues and earnings increases for this Pollution Control - Services firm have been below the +25%* guideline."*
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