Mid-Day Breakouts Report - Thursday, October 19th, 2023

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MIDDAY BREAKOUTS REPORT - THURSDAY, OCTOBER 19TH, 2023
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DOW 33734.99 69.91 (0.21%) | NASDAQ 13369.68 55.38 (0.42%) | S&P 500 4330.69 16.09 (0.37%)

Time of Screening : 10/19/2023 12:20:08 PM Report Released : 10/19/2023 12:42:23 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
ALV - NYSE - AUTOMOTIVE - Auto Parts Autoliv Inc	$91.86	-1.24 -1.33%	$92.99	$103.99	-11.66%	458,521 59.24%	774,000
Most Recent Note for ALV - 10/19/2023 12:22:49 PM Slumping below its 50 DMA line toward its 200 DMA line. Prior mid-day reports repeatedly noted - "Faces resistance due to overhead supply up to the $110 level. This Swedish Auto/Truck Original Equipment firm has shown strong sales revenues and earnings increases in quartery comparisons through Jun '23 versus the year-ago periods. Annual earnings history has been up and down."
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AMAT - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Applied Materials Inc	$136.20	-5.25 -3.71%	$143.05	$155.26	-12.28%	3,821,659 69.71%	5,482,000
Most Recent Note for AMAT - 10/19/2023 12:24:20 PM Slumping below its 50 DMA line ($142.48). Noted with caution in prior mid-day reports - "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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BBVA - NYSE - BANKING - Foreign Regional Banks Banco Bilbao Viz Arg Adr	$8.10	+0.09 1.06%	$8.10	$8.28	-2.23%	934,913 85.30%	1,096,000
Most Recent Note for BBVA - 10/19/2023 12:25:10 PM Perched near its 52-week high and consolidating above its 50 DMA line. Noted with caution in prior mid-day reports - "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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CAMT - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Camtek Ltd	$55.58	-2.82 -4.83%	$58.57	$65.13	-14.66%	389,514 77.28%	504,000
Most Recent Note for CAMT - 10/19/2023 12:26:32 PM Pulling back from near its 52-week high and slumping below its 50 DMA line ($56.24) with today's 5th consecutive loss. Noted with caution in prior mid-day reports - "Fundamental concerns remain after it reported Jun '23 quarterly earnings -2% on -7% sales revenues versus the year ago period."
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CAT - NYSE - MANUFACTURING - Farm & Construction Machinery Caterpillar Inc	$259.61	+0.39 0.15%	$260.00	$293.88	-11.66%	1,281,314 60.10%	2,132,000
Most Recent Note for CAT - 10/19/2023 12:27:26 PM Goliath company in the Machinery - Construction/Mining industry gapped down on the prior session and fell further today after recently meeting resistance near its 50 DMA line ($275). Reported Jun '23 quarterly earnings +75% on +22% sales revenues versus the year ago period its 4th strong quarterly comparison. Fundamental concerns remain due to its up and down annual earnings (A criteria) history.
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CRH - NYSE - Bldg-Cement/Concrt/Ag C R H Plc Adr	$54.33	-0.69 -1.25%	$55.58	$60.00	-9.45%	2,066,118 98.06%	2,107,000
Most Recent Note for CRH - 10/19/2023 12:28:32 PM Retreating below its 50 DMA line ($56) with volume-driven losses after it was perched within close striking distance of its 52-week and all-time highs. Irish Building - Cement firm has an erratic earnings (C and A criteria) history. Fundamental concerns remain.
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EPAC - NYSE - Machinery-Tools & Rel Enerpac Tool Group Corp	$29.06	+0.06 0.21%	$29.09	$30.22	-3.84%	285,082 84.85%	336,000
Most Recent Note for EPAC - 10/19/2023 12:29:06 PM Pulled back after powering to a new 52-week high with a big volume-driven gain on 10/17/23. Found prompt support near its 200 DMA line in recent weeks. Prior mid-day reports cautioned members - "Quarterly earnings growth has been strong but with subpar sales revenues growth. Annual earnings (A criteria) history has been erratic."
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FLS - NYSE - MANUFACTURING - Diversified Machinery Flowserve Corp	$37.85	+0.04 0.11%	$37.99	$41.02	-7.73%	889,467 91.89%	968,000
Most Recent Note for FLS - 10/19/2023 12:30:03 PM Consolidating below its 50 DMA line ($38.93). Reported strong earnings increases in the 3 latest quarterly comparisons through Jun '23. Fundamentals are not a match with the fact-based investment system's guidelines after a downturn in FY '20, '21, and '22 earnings versus the prior years (A criteria).
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IHG - NYSE - LEISURE - Lodging Intercontinental Hotels	$75.39	+0.73 0.98%	$75.40	$79.41	-5.06%	98,754 61.34%	161,000
Most Recent Note for IHG - 10/19/2023 12:30:43 PM Still sputtering below its 50 DMA line ($75.86) which has acted as resistance following recent volume-driven losses. Reported earnings +50% on +24% sales revenues for the quarter ended June 30th, 2023 versus the year ago period and prior quarterly comparisons were well above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) included a big downturn in FY '20.
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KAI - NYSE - Machinery-Gen Industrial Kadant Inc	$227.93	+3.70 1.65%	$228.33	$236.54	-3.64%	38,010 66.68%	57,000
Most Recent Note for KAI - 10/19/2023 12:31:49 PM Churning above average volume in recent weeks and it stalled after inching to new 52-week highs. Reported earnings +13% on +11% sales revenues for the Jun '23 quarter versus the year-ago period, its 5th quarterly comparison below the +25% minimum earnings guideline (C criteria). Fundamental concerns remain after a downturn in FY '20 annual earnings (A criteria) history, not a great match with the guidelines of the fact-based investment system.
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KGC - NYSE - METALS & MINING - Gold Kinross Gold Corp	$5.36	+0.05 0.94%	$5.38	$5.57	-3.77%	7,874,336 74.99%	10,501,000
Most Recent Note for KGC - 10/19/2023 12:32:33 PM Challenged its May '23 high with a noted spurt of gains. Reported Jun '23 earnings +367% on +33% sales revenues versus the year ago period. The 4 latest quarterly earnings increases have been well above the +25% minimum guideline (C criteria). Its up and down annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines.
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LLY - NYSE - Medical-Diversified Lilly Eli & Co	$593.88	-13.37 -2.20%	$605.00	$629.97	-5.73%	1,837,639 61.77%	2,975,000
Most Recent Note for LLY - 10/19/2023 12:33:55 PM Retreating from its all-time high. Found prompt support in recent weeks near its 50 DMA line ($563.64). Noted with caution in prior mid-day reports - "Reported Jun '23 quarterly earnings +69% on +28% versus the year-ago period. Fundamental concerns remain. Prior quarterly comparisons were well below the +25% minimum earnings guideline (C criteria) of the fact-based investment system. It was dropped from the Featured Stocks list on 8/11/22."
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NEU - NYSE - CHEMICALS - Specialty Chemicals Newmarket Corporation	$450.55	-4.30 -0.95%	$457.60	$475.94	-5.33%	17,781 61.31%	29,000
Most Recent Note for NEU - 10/19/2023 12:35:40 PM The Chemicals - Specialty firm has been sputtering below its 50 DMA line ($458.71). Reported earnings +58% on -5% sales revenues for the Jun '23 quarter versus the year-ago period. Recent quarterly comparisons show very strong earnings increases but with subpar and waning sales revenues. Its annual earnings (A criteria) history had a big downturn in FY '21.
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NVO - NYSE - DRUGS - Drug Manufacturers - Other Novo Nordisk A/S Adr	$98.09	-2.48 -2.47%	$98.96	$104.00	-5.68%	3,038,467 64.98%	4,676,000
Most Recent Note for NVO - 10/19/2023 12:36:30 PM This Denmark-based Medical - Ethical Drugs firm gapped down today, pulling back from its all-time high. Found support after briefly undercutting its 50 DMA line when noted with caution in the 10/03/23 mid-day report - "Shares split 2-1 on 9/20/23. Reported Jun '23 quarterly earnings +53% on +37% sales revenues versus the year-ago period, its 2nd strong quarter. Fundamental concerns remain. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria)."
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ORLY - NASDAQ - RETAIL - Auto Parts Stores O Reilly Automotive Inc	$908.14	-22.36 -2.40%	$922.00	$975.72	-6.93%	267,683 75.83%	353,000
Most Recent Note for ORLY - 10/19/2023 12:37:43 PM Gapped down today testing its 200 DMA line ($895) and prior low. Reported earnings +16% on +11% sales revenues for the Jun '23 quarter versus the year ago period, its 6th consecutive quarterly comparison below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been strong and steady.
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PCTI - NASDAQ - TELECOMMUNICATIONS - Diversified Communication Serv Pc-Tel Inc	$6.86	-0.01 -0.15%	$6.87	$6.89	-0.51%	111,483 73.83%	151,000
Most Recent Note for PCTI - 10/19/2023 12:37:53 PM Gapped up on 1/16/23 following M&A news. Reported Jun '23 quarterly earnings -30% on -18% sales revenues versus the year ago period. Annual earnings history (A criteria) has not been strong and steady.
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PNR - NYSE - MANUFACTURING - Diversified Machinery Pentair Ltd	$64.39	+2.09 3.35%	$64.75	$71.82	-10.35%	844,083 89.42%	944,000
Most Recent Note for PNR - 10/19/2023 12:38:20 PM Reported earnings +1% on +2% sales revenues for the Jun '23 quarter versus the year-ago period and fundamental concerns remain. Prior earnings and sales revenues history has been below guidelines of the fact-based investment system.
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RACE - NYSE - Auto Manufacturers Ferrari NV	$302.25	-1.25 -0.41%	$303.03	$329.88	-8.38%	165,946 60.56%	274,000
Most Recent Note for RACE - 10/19/2023 12:39:28 PM Slumping below its 50 DMA line ($304). Faces resistance due to overhead supply up to the $329 level. Found recent support above its 200 DMA line. Reported earnings +40% on +19% 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) 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	$19.17	-0.54 -2.74%	$19.24	$20.71	-7.44%	4,108,465 59.66%	6,886,000
Most Recent Note for STLA - 10/19/2023 12:40:19 PM Gapped down today pulling back near its 50 DMA line ($18.83) after recently challenging its 52-week high. Reported Mar and Jun '23 quarterly earnings +42% on +16% sales revenues versus the year ago periods. Faces little resistance due to overhead supply 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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VRTX - NASDAQ - Medical-Biomed/Biotech Vertex Pharmaceuticals	$367.69	+0.14 0.04%	$369.67	$375.93	-2.19%	568,375 62.25%	913,000
Most Recent Note for VRTX - 10/19/2023 12:41:39 PM Faces no resistance due to overhead supply but churning above average volume and pulling back this week after reaching a new all-time high. Reported Jun '23 quarterly earnings +8% on +14% sales revenues versus the year-ago period. Three of the 4 latest quarterly comparisons were well below the +25% minimum earnings guideline (C criteria).
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WINA - NASDAQ - SPECIALTY RETAIL - Sporting Goods Stores Winmark Corp	$409.76	+5.64 1.40%	$409.76	$418.58	-2.11%	24,076 100.32%	24,000
Most Recent Note for WINA - 10/19/2023 12:42:17 PM Churning above average volume in recent weeks while hovering near its all-time high and finding support above its 50 DMA line ($377.74). Prior mid-day reports repeatedly noted - "Reported Jun '23 quarterly earnings +12% on +7% sales revenues versus the year-ago period. Prior quarterly and annual earnings (C and A criteria) history has not been a match with the fact-based investment system's fundamental guidelines."
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