Mid-Day Breakouts Report - Wednesday, October 9th, 2024

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, OCTOBER 9TH, 2024
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DOW 42080.37 126.13 (0.30%) | NASDAQ 18260.41 77.49 (0.43%) | S&P 500 5783.92 32.79 (0.57%)

Time of Screening : 10/9/2024 12:24:53 PM Report Released : 10/9/2024 1:40:40 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 57.5% 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
ACGL - NASDAQ - INSURANCE - Property & Casualty Insurance Arch Capital Group Ltd	$112.69	+2.78 2.53%	$112.94	$116.47	-3.25%	869,838 59.33%	1,466,000
Most Recent Note for ACGL - 10/9/2024 12:27:20 PM Retreated from its all-time high and tested its 50 DMA line with a volume-driven loss when noted with caution in the 10/07/24 mid-day report - "Bermuda-based Insurance firm reported earnings +6% on +13% sales revenues for the Jun '24 quarter versus the year ago period, breaking a streak of strong quarterly earnings increases above the +25% minimum guideline (C criteria). Up and down annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines."
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BSX - NYSE - HEALTH SERVICES - Medical Instruments & Supplies Boston Scientific Corp	$86.24	+0.40 0.47%	$86.31	$86.09	0.17%	2,935,438 58.39%	5,027,000
Most Recent Note for BSX - 10/9/2024 1:09:01 PM Hitting a new all-time high today. Reported Jun '24 quarterly earnings +17% on +14% sales revenues versus the year ago period. Prior quarterly earnings increases also were below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) had a big downturn in FY '20.
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BSX - NYSE - HEALTH SERVICES - Medical Instruments & Supplies Boston Scientific Corp	$86.24	+0.40 0.47%	$86.31	$86.09	0.17%	2,935,438 58.39%	5,027,000
Most Recent Note for BSX - 10/9/2024 1:09:01 PM Hitting a new all-time high today. Reported Jun '24 quarterly earnings +17% on +14% sales revenues versus the year ago period. Prior quarterly earnings increases also were below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) had a big downturn in FY '20.
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BSX - NYSE - HEALTH SERVICES - Medical Instruments & Supplies Boston Scientific Corp	$86.24	+0.40 0.47%	$86.31	$86.09	0.17%	2,935,438 58.39%	5,027,000
Most Recent Note for BSX - 10/9/2024 1:09:06 PM Hitting a new all-time high today. Reported Jun '24 quarterly earnings +17% on +14% sales revenues versus the year ago period. Prior quarterly earnings increases also were below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) had a big downturn in FY '20.
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CASH - NASDAQ - BANKING - Savings & Loans Meta Financial Group Inc	$69.76	+1.62 2.37%	$70.49	$69.63	0.18%	101,399 64.18%	158,000
Most Recent Note for CASH - 10/9/2024 1:11:44 PM Hitting a new 52-week high with today's 5th consecutive gain. Faces no resistance due to overhead supply. Reported Jun '24 quarterly earnings -6% on +7% sales revenues versus the year-ago period. Prior quarterly earnings comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria) and they showed sequential growth rate deceleration. Annual earnings growth has been steady. Has a new CEO as of 10/01/21.
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DOCU - NASDAQ - Computer Sftwr-Enterprse Docusign Inc	$67.87	+0.98 1.46%	$68.64	$68.64	-1.12%	2,637,346 106.52%	2,476,000
Most Recent Note for DOCU - 10/9/2024 1:15:22 PM Hitting a new 52-week high with 2 consecutive volume-driven gains. Went through a deep consolidation since dropped from the Featured Stocks list on 9/21/21. Reported Jul '24 quarterly earnings +35% on +2% sales revenues versus the year ago period. Prior quarterly earnings increases have not been strong and steady above the +25% minimum guideline (C criteria). Annual earnings (A criteria) were flat in FY '23 versus '22.
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FBIZ - NASDAQ - Banks-Midwest First Business Finl Svcs	$42.55	+0.32 0.76%	$42.66	$47.23	-9.91%	15,466 90.98%	17,000
Most Recent Note for FBIZ - 10/9/2024 1:17:40 PM Retreated from its all-time high and it is sputtering below its 50 DMA line ($43.27). Reported earnings +26% on +8% sales revenues for the Jun '24 quarter versus the year ago period. 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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GNRC - NYSE - Electrical-Power/Equipmt Generac Hldgs Inc	$169.08	-2.02 -1.18%	$175.86	$175.69	-3.76%	614,576 69.76%	881,000
Most Recent Note for GNRC - 10/9/2024 1:21:04 PM Gapped up on 10/07/24 for a volume-driven gain and rallied to new multi-year highs. Reported Jun '24 quarterly earnings +25% on +0% sales revenues versus the year ago period. Prior quarterly comparisons were not string and steady above the +25% minimum earnings guideline (C criteria). It was dropped from the Featured Stocks list on 12/01/21.
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HRI - NYSE - Comml Svcs-Leasing Herc Holdings Inc	$163.38	+1.38 0.85%	$164.40	$171.00	-4.46%	133,427 61.77%	216,000
Most Recent Note for HRI - 10/9/2024 1:24:41 PM Perched within striking distance of its 52-week high. Reported Jun '24 quarterly earnings -3% on +6% sales revenues versus the year-ago period, its 6th quarterly comparison below the +25% minimum earnings guideline (C criteria). After a downturn in FY '20 earnings (A criteria) is annual earnings growth has been strong.
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IDCC - NASDAQ - TELECOMMUNICATIONS - Wireless Communications Interdigital Inc	$147.24	+1.59 1.09%	$147.34	$146.91	0.22%	774,200 181.74%	426,000
Most Recent Note for IDCC - 10/9/2024 1:26:01 PM Hitting new multi-year highs with today's volume-driven gain. Reported Jun '24 quarterly earnings +252% on +120% sales revenues versus the year-ago period. Prior quarterly sales revenues and earnings (C criteria) history has been erratic with subpar results leaving concerns, fundamentally.
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JD - NASDAQ - Retail-Internet JD.com Inc Cl A Ads	$43.41	-0.14 -0.31%	$43.54	$47.82	-9.23%	15,785,535 77.82%	20,284,000
Most Recent Note for JD - 10/9/2024 1:26:40 PM Pulling back for a 2nd loss today after a noted a spurt of volume-driven gains for new 52-week highs. This Chinese retailer's prior quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria) and sales revenues growth has been subpar.
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MLR - NYSE - AUTOMOTIVE - Auto Parts Miller Industries Inc	$64.75	+2.50 4.01%	$64.86	$69.75	-7.18%	65,597 71.30%	92,000
Most Recent Note for MLR - 10/9/2024 1:27:36 PM Consolidating above its 50 DMA line ($60.32) and trading above recent highs. Reported Jun '24 quarterly earnings +38% on +24% sales revenues versus the year-ago period, its 8th very strong quarterly comparison. Annual earnings (A criteria) had a downturn in FY '20 and '21, not a great match with the fundamental guidelines of the fact-based investment system. Went through a significant consolidation after dropped from the Featured Stocks list on 1/16/20.
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PRMW - NASDAQ - Beverages-Non-Alcoholic Primo Water Corp	$25.97	+0.54 2.12%	$26.07	$25.67	1.17%	985,395 83.93%	1,174,000
Most Recent Note for PRMW - 10/9/2024 1:35:15 PM After consolidating well above its 50 DMA line ($23.29) in an orderly fashion it is wedging to new all-time highs with today's 5th consecutive gain lacking great volume conviction. Noted in prior mid-day reports - "Reported earnings +30% on +8% sales revenues for the Jun '24 quarter versus the year ago period. Although 3 of the 4 latest quarterly comparisons were above the +25% minimum (C criteria) fundamental concerns remain due to subpar sales revenues growth and annual earnings (A criteria) history which has not been a great match with the fact-based investment system's fundamental guidelines. Completed a new Public Offering on 5/18/18."
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