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 MIDDAY BREAKOUTS REPORT - FRIDAY, SEPTEMBER 2ND, 2022
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DOW 31924.05 267.63 (0.85%) | NASDAQ 11886.73 101.6 (0.86%) | S&P 500 4007.74 40.89 (1.03%)
Time of Screening : 9/2/2022 12:36:05 PM         Report Released : 9/2/2022 12:58:47 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 50% 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
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
ADP - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Automatic Data Processng
$244.52 -1.44
-0.59%
$247.00 $261.59 -6.53% 1,138,267
79.16%
1,438,000
Most Recent Note for ADP - 9/2/2022 12:38:44 PM
Consolidating near prior highs in the $240 area. Reported earnings +25% on +10% sales revenues for the Jun '22 quarter versus the year ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria).
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AZN - NYSE - DRUGS - Drug Manufacturers - Major
Astrazeneca Plc Ads
$61.67 -0.12
-0.19%
$61.82 $71.70 -13.99% 4,540,279
74.26%
6,114,000
Most Recent Note for AZN - 9/2/2022 12:41:11 PM
Violated its 200 DMA line within its streak of 6 consecutive losses marked by volume. The 8/12/22 mid-day report cautioned members - "Resistance remains due to overhead supply up to the $71 level. Reported Jun '22 quarterly earnings +110% on +31% 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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BP - NYSE - ENERGY - Major Integrated Oil & Gas
B P Plc Adr
$31.46 +0.87
2.84%
$31.72 $34.30 -8.28% 6,930,208
60.63%
11,431,000
Most Recent Note for BP - 9/2/2022 12:42:09 PM
Consolidating above its 50 and 200 DMA lines. Recent quarterly comparisons through Jun '22 have shown solid increases. Its annual earnings history has been erratic.
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CECE - NASDAQ - Pollution Control
Ceco Environmental
$9.41 -0.49
-4.90%
$9.91 $10.80 -12.87% 238,860
72.38%
330,000
Most Recent Note for CECE - 9/2/2022 12:43:02 PM
On track today for a 7th consecutive loss. Stalled after recently rallying to new multi-year highs with a noted spurt of volume-driven gains. Prior mid-day reports noted - "Reported earnings +100% on +34% sales revenues for the Jun '22 quarter versus the year ago period, its 2nd strong quarterly comparison. Prior quarterly earnings increases were sub par and its erratic annual earnings (A criteria) history remains a fundamental flaw."
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EQNR - NYSE - Oil&Gas-Integrated
Equinor ASA Adr
$37.85 +0.15
0.40%
$38.29 $42.53 -11.00% 2,397,507
85.17%
2,815,000
Most Recent Note for EQNR - 9/2/2022 12:43:48 PM
Pulled back from its all-time high with 6 consecutive losses. Found support at its 200 DMA line and made gradual progress since noted in the 7/19/22 mid-day report. Recent quarterly comparisons through Jun '22 showed strong sales revenues and earnings increases over the year ago periods. Annual earnings (A criteria) history has been erratic.
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GPC - NYSE - WHOLESALE - Auto Parts Wholesale
Genuine Parts Co
$158.83 +2.05
1.31%
$159.72 $161.45 -1.62% 442,916
54.28%
816,000
Most Recent Note for GPC - 9/2/2022 12:46:38 PM
Hovering near its all-time high. Reported Jun '22 quarterly earnings +26% on +17% sales revenues. Fundamentals are not a great match with the C and A criteria.
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HCCI - NASDAQ - Pollution Control
Heritage-Crystal Clean
$32.04 +0.55
1.75%
$32.17 $36.29 -11.71% 80,174
58.95%
136,000
Most Recent Note for HCCI - 9/2/2022 12:48:53 PM
Slumping in recent weeks toward its 50 DMA line ($30.92) after hovering in a tight range near its 52-week high. Prior mid-day reports repeatedly cautioned members - "Reported strong quarterly results through Jun '22 versus year ago periods. Annual earnings (A criteria) history has been up and down, not a great match with the fact-based investment system's fundamental guidelines."
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MERC - NASDAQ - MANUFACTURING - Paper & Packaging
Mercer International Inc
$16.90 +0.45
2.74%
$17.09 $17.50 -3.43% 381,734
88.78%
430,000
Most Recent Note for MERC - 9/2/2022 12:51:56 PM
Perched within striking distance of its 52-week high. Through the Jun '22 quarter its sales revenues and earnings increases have been very strong versus the year ago periods. Fundamental concerns remain, especially after losses in FY '19 and '20 (A criteria).
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PLMR - NASDAQ - INSURANCE - Property & Casualty Insurance
Palomar Holdings Inc
$84.64 +2.66
3.24%
$85.15 $97.18 -12.90% 72,980
66.95%
109,000
Most Recent Note for PLMR - 9/2/2022 12:54:07 PM
Through the Jun '22 quarter its quarterly and annual earnings history has been erratic. Last noted in the 2/04/21 mid-day report - "Completed its $15 IPO on 4/17/19, a Secondary Offering on 9/25/19, and new Public Offerings on 1/10/20 and 6/24/20."
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QRHC - NASDAQ - Pollution Control
Quest Resource Holdings
$7.46 +0.28
3.83%
$7.50 $8.30 -10.18% 110,271
282.75%
39,000
Most Recent Note for QRHC - 9/2/2022 12:55:04 PM
Reported strong Jun '22 quarterly results versus the year ago period. Prior earnings history is not a match with the fact-based investment system's fundamental guidelines (C criteria).
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SHEL - NYSE - Oil&Gas-Integrated
Shell Plc Ads
$53.79 +1.39
2.65%
$54.04 $61.68 -12.79% 3,270,574
66.71%
4,903,000
Most Recent Note for SHEL - 9/2/2022 12:56:12 PM
Consolidating just above its 50 and 200 DMA lines today following 3 consecutive volume-driven losses. Prior mid-day reports cautioned members - "Encountered distributional pressure in June and early July. Past 4 quarterly comparisons through Jun '22 were well above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has been up and down."
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SMCI - NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev
Super Micro Computer Inc
$66.02 +2.72
4.29%
$66.79 $74.93 -11.90% 335,108
53.02%
632,000
Most Recent Note for SMCI - 9/2/2022 12:57:01 PM
Pulled back from its all-time high with recently noted volume-driven losses. It is extended from any sound base. Prior mid-day reports noted - "Reported Jun '22 quarterly earnings +223% on +53% sales revenues versus the year ago period, its 3rd strong quarterly earnings increase well above the +25% minimum guideline (C criteria). Its annual earnings history (A criteria) had a downturn in FY '21."
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TFII - NYSE - Transportation-Truck
TFI International Inc
$105.47 +2.12
2.05%
$105.92 $120.50 -12.47% 153,048
60.02%
255,000
Most Recent Note for TFII - 9/2/2022 12:57:47 PM
Faces resistance due to overhead supply up to the $120 level. The Jun '22 quarter showed earnings +81% on +32% sales revenues versus the year ago period, its 6th strong quarterly comparison. Fundamental concerns remain. This Canada-based Transportation - Truck and logistics services firm had a downturn in FY '20 annual earnings. Went through a deep consolidation since noted with caution in the 2/09/22 mid-day report.
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
WM - NYSE - BANKING - Savings & Loans
Waste Management Inc
$170.84 +0.80
0.47%
$171.19 $175.98 -2.92% 833,598
56.59%
1,473,000
Most Recent Note for WM - 9/2/2022 12:58:32 PM
Consolidating near its all-time high. Quarterly comparisons through Jun '22 have not been strong and steady above the +25% minimum guideline (C criteria) and annual earnings (A criteria) had a downturn in FY '20.
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