Mid-Day Breakouts Report - Friday, August 18th, 2023

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MIDDAY BREAKOUTS REPORT - FRIDAY, AUGUST 18TH, 2023
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DOW 34542.17 67.34 (0.20%) | NASDAQ 13279.99 -36.94 (-0.28%) | S&P 500 4371 0.64 (0.01%)

Time of Screening : 8/18/2023 12:18:31 PM Report Released : 8/18/2023 12:53:11 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 65% 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
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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
AGRO - NYSE - Agricultural Operations Adecoagro Sa	$10.18	+0.76 8.01%	$10.40	$11.11	-8.42%	439,075 87.47%	502,000
Most Recent Note for AGRO - 8/18/2023 12:24:26 PM This Luxembourgian agricultural products firm is rebounding above its 50 DMA line with today's big volume-driven gain. Reported Jun '23 quarterly earnings +0% on +5% sales revenues versus the year ago period. Prior quarterly sales revenues and earnings history has been erratic and it has an up and down annual earnings history (A criteria).
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AMAT - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Applied Materials Inc	$140.42	+2.83 2.06%	$141.11	$153.28	-8.39%	5,540,251 98.06%	5,650,000
Most Recent Note for AMAT - 8/18/2023 12:26:57 PM Today's gain has it rebounding toward its 50 DMA line ($142) which recently has acted as resistance. Reported earnings -2% on -1% sales revenues for the Jul '23 quarter, its 6th consecutive quarterly earnings comparison below the +25% minimum (C criteria). Annual earnings (A criteria) history included a downturn in FY '19. There is a large supply of 839.7 million shares outstanding (S criteria) and as of Jun '23 it is owned by 3,736 top-rated mutual funds (I criteria).
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ATKR - NYSE - Bldg-Constr Prds/Misc Atkore International Grp	$140.62	-0.39 -0.27%	$141.47	$164.76	-14.65%	274,045 68.17%	402,000
Most Recent Note for ATKR - 8/18/2023 12:31:25 PM There was a noted "negative reversal" at its all-time high and it is slumping well below its 50 DMA line with today's 3rd consecutive loss. Sequential quarterly comparisons have shown worrisome deceleration followed by waning sales. Reported earnings -8% on -13% sales revenues for the Jun '23 quarter versus the year ago period. The subpar Dec '22 quarter broke a streak of 8 quarterly comparisons above the +25% minimum earnings guideline (C criteria). Annual earnings growth has been very strong and steady.
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BBVA - NYSE - BANKING - Foreign Regional Banks Banco Bilbao Viz Arg Adr	$7.66	-0.02 -0.20%	$7.69	$8.14	-5.96%	677,055 65.99%	1,026,000
Most Recent Note for BBVA - 8/18/2023 12:32:53 PM Consolidating near its 50 DMA line ($7.64) and perched within close striking distance of its 52-week high. Reported strong Mar and Jun '23 quarterly results versus the year-ago periods, but fundamental concerns remain for this Spanish banking firm.
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BCSF - NYSE - Financial Svcs-Specialty Bain Capital Specialty Finance	$15.42	+0.29 1.92%	$15.47	$15.85	-2.71%	144,191 77.52%	186,000
Most Recent Note for BCSF - 8/18/2023 12:33:32 PM Hovering near its 52-week high, consolidating following a noted spurt of gains marked by volume. Little resistance remains due to old overhead supply. Three of the past 4 quarterly comparisons through Jun '23 showed earnings increases versus the year ago periods above the +25% minimum guideline (C criteria). Up and down annual earnings (A criteria) history is a concern. Completed its $20.25 IPO on 11/15/18.
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DE - NYSE - MANUFACTURING - Farm & Construction Machinery Deere & Co	$402.22	-16.94 -4.04%	$412.95	$450.00	-10.62%	2,084,854 145.18%	1,436,000
Most Recent Note for DE - 8/18/2023 12:34:44 PM Met stubborn resistance in the $448 area since April '22. Pulling back violating its 50 and 200 DMA lines with today's 4th 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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GASS - NASDAQ - Transportation-Ship Stealthgas Inc	$5.03	-0.08 -1.57%	$5.39	$5.90	-14.75%	402,512 109.08%	369,000
Most Recent Note for GASS - 8/18/2023 12:36:12 PM Sputtering since a noted "negative reversal" after hitting new multi-year highs on 8/09/23 and prior mid-day reports cautioned members - "Fundamental concerns remain due to its erratic sales revenues and earnings history."
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GHM - AMEX - MANUFACTURING - Metal Fabrication Graham Corp	$16.03	-0.14 -0.88%	$16.65	$17.95	-10.71%	21,343 66.70%	32,000
Most Recent Note for GHM - 8/18/2023 12:37:54 PM Following a "negative reversal" at its 52-week high it is on track today for a 4th consecutive loss. Gapped up on 8/07/23 breaking out of a 5-month base. Quarterly comparisons through Jun '23 have shown great sales revenues and earnings improvement over the year-ago periods. Annual earnings history (A criteria) has been subpar.
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ING - NYSE - INSURANCE - Life Insurance I N G Group Nv Adr	$14.03	-0.01 -0.04%	$14.06	$15.00	-6.50%	1,814,140 71.34%	2,543,000
Most Recent Note for ING - 8/18/2023 12:39:28 PM Pulled back from its 52-week high with a gap down and 6 consecutive losses, testing support at its 50 DMA line ($13.94). 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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JHX - NYSE - MATERIALS & CONSTRUCTION - Cement James Hardie Ind Plc Adr	$28.66	-1.10 -3.68%	$28.92	$31.93	-10.26%	75,228 174.95%	43,000
Most Recent Note for JHX - 8/18/2023 12:41:28 PM This Ireland-based cement firm gapped down today encountering distributional pressure and slumping toward its 50 DMA line ($27.65). Reported earnings +11% on -5% sales revenues for the Jun '23 quarter versus the year ago period, its 5th consecutive quarterly comparison well below the +25% minimum earnings guideline (C criteria).
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LMB - NASDAQ - Bldg-A/C & Heating Prds Limbach Holdings	$31.89	+1.88 6.26%	$31.93	$34.20	-6.75%	188,153 80.41%	234,000
Most Recent Note for LMB - 8/18/2023 12:41:53 PM Consolidating near its all-time high following a gap up on 8/11/23, very extended from any sound base. Reported strong Mar and Jun '23 quarterly earnings results versus the year-ago periods. Fundamental concerns remain.
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LYTS - NASDAQ - Bldg-Constr Prds/Misc L S I Industries Inc	$15.59	+0.32 2.10%	$15.99	$16.00	-2.56%	514,278 194.07%	265,000
Most Recent Note for LYTS - 8/18/2023 12:44:16 PM Rallied from near its 50 and 200 DMA lines to nearly challenge its 52-week high with today's 2nd volume-driven gain. Gapped up on the prior session for a big volume-driven gain after reporting Jun '23 quarterly earnings +43% on -3% sales revenues versus the year-ago period. Volume and volatility often increae near earnings news. Reported Mar'23 quarterly earnings +27% on +7% sales revenues versus the year ago period. 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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PLPC - NASDAQ - MATERIALS & CONSTRUCTION - Heavy Construction Preformed Line Products	$162.00	+4.99 3.18%	$162.50	$184.82	-12.35%	12,553 78.46%	16,000
Most Recent Note for PLPC - 8/18/2023 12:47:39 PM Slumped from its all-time high and it has been sputtering below its 50 DMA line ($166.81) which had 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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PNNT - NASDAQ - Finance-Investment Mgmt Pennantpark Investment	$6.61	+0.05 0.76%	$6.62	$7.07	-6.51%	415,179 103.28%	402,000
Most Recent Note for PNNT - 8/18/2023 12:49:33 PM Pulled back from its 52-week high with 5 consecutive volume-driven losses. Prior mid-day reports noted - "Faces resistance due to overhead supply up to the $8 level. Reported strong Mar and Jun '23 quarterly results versus the year ago periods. Prior quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's fundamental guidelines."
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RACE - NYSE - Auto Manufacturers Ferrari NV	$305.69	-0.33 -0.11%	$305.80	$329.88	-7.33%	235,860 72.57%	325,000
Most Recent Note for RACE - 8/18/2023 12:50:44 PM Encountered distributional pressure and slumped below its 50 DMA line ($314.20). Reported earnings +40% 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) leaving concerns, fundamentally. Since completing its $52 IPO in Oct '15 its annual earnings (A criteria) history was strong until a downturn in FY '20.
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STLA - NYSE - Auto Manufacturers Stallantis NV	$17.77	+0.02 0.08%	$17.79	$20.71	-14.22%	3,378,766 69.41%	4,868,000
Most Recent Note for STLA - 8/18/2023 12:53:05 PM Suffered 11 small volume-driven losses in the prior 13 sessions, slumping from its 52-week high and below its 50 DMA line ($18.12). Reported Mar and Jun '23 quarterly earnings +42% on +16% sales revenues versus the year ago periods. 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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