Mid-Day Breakouts Report - Tuesday, October 22nd, 2024

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MIDDAY BREAKOUTS REPORT - TUESDAY, OCTOBER 22ND, 2024
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DOW 42924.89 -6.71 (-0.02%) | NASDAQ 18573.13 33.12 (0.18%) | S&P 500 5851.2 -2.78 (-0.05%)

Time of Screening : 10/22/2024 9:10:43 PM Report Released : 10/22/2024 9:41:42 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 175% 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
CHKP - NASDAQ - COMPUTER SOFTWARE & SERVICES - Security Software & Services Check Point Sftware Tech	$207.32	+2.04 0.99%	$208.18	$210.70	-1.60%	1,015,398 181.97%	558,000
Most Recent Note for CHKP - 10/22/2024 9:12:38 PM This Israel-based Computer Software - Security firm is perched near its all-time high following volume-driven gains. Reported earnings +9% on +7% sales revenues for the Jun '24 quarter. History has shown steady sales revenues and earnings increases below the fact-based investment system's minimum guidelines.
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ENVA - NYSE - Finance-Consumer Loans Enova International Inc.	$89.87	+3.70 4.29%	$90.20	$89.36	0.57%	485,978 284.20%	171,000
Most Recent Note for ENVA - 10/22/2024 9:15:52 PM Powered to new multi-year highs with heavier volume behind today's big gain. The Jun and Sep '24 quarters showed better than +25% earnings increases, but fundamental concerns remain.
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EPAC - NYSE - Machinery-Tools & Rel Enerpac Tool Group Corp	$43.71	-0.50 -1.13%	$44.51	$44.88	-2.61%	548,088 183.92%	298,000
Most Recent Note for EPAC - 10/22/2024 9:16:24 PM Undercut its 50 DMA line ($41.44) last week then rebounded to hit new multi-year highs. Reported Aug '24 quarterly earnings +19% on -1% sales revenues versus the year-ago period. Quarterly earnings growth has not been strong and steady and subpar sales revenues growth is also a concern, fundamentally. Annual earnings (A criteria) history has been erratic.
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FI - NYSE - Oil&Gas-Field Services Frank's International NV	$199.67	+2.50 1.27%	$199.87	$198.86	0.41%	4,479,198 193.90%	2,310,000
Most Recent Note for FI - 10/22/2024 9:17:32 PM Gain today with twice average volume helped it hit a new all-time high. Quarterly comparisons through Sep '24 have been below the +25% minimum guideline (C criteria).
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FLXS - NASDAQ - CONSUMER DURABLES - Home Furnishings & Fixtures Flexsteel Industries Inc	$55.10	+12.50 29.34%	$59.00	$45.50	21.10%	204,940 891.04%	23,000
Most Recent Note for FLXS - 10/22/2024 9:20:26 PM Today's considerable gain with heavy volume had it rally to a new 52-week high. Reported +429% earnings on +10% sales revenues for the Sep '24 quarter versus the year-ago period, its 4th strong quarterly comparison. Fundamental concerns remain. Annual earnings history has been up and down, not a match with the fact-based investment system's guidelines.
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GE - NYSE - CONGLOMERATES - Conglomerates General Electric Co	$176.66	-17.57 -9.05%	$185.00	$194.80	-9.31%	15,636,234 378.88%	4,127,000
Most Recent Note for GE - 10/22/2024 9:22:41 PM Gapped down today retreating from its 52-week high and undercutting its 50 DMA line. Reported Sep '24 quarterly earnings +20% on +8% sales revenues versus the year-ago period, below the +25% minimum (C criteria). Annual earnings history (A criteria) is not a match for the fact-based investment system's fundamental guidelines.
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GM - NYSE - AUTOMOTIVE - Auto Manufacturers - Major General Motors Company	$53.73	+4.80 9.81%	$54.18	$50.50	6.40%	42,657,710 352.43%	12,104,000
Most Recent Note for GM - 10/22/2024 9:24:41 PM Gapped up today and rallied to a new 52-wek high with a big gain backed by great volume conviction. Recently found support at its 200 DMA line. Reported Sep '24 quarterly earnings +30% on +10% sales revenues versus the year ago period but fundamental concerns remain. Prior quarterly and annual earnings (C criteria) history is not a match with the fact-based investment system's guidelines.
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HRI - NYSE - Comml Svcs-Leasing Herc Holdings Inc	$198.60	+29.53 17.47%	$202.30	$178.93	10.99%	1,267,050 563.13%	225,000
Most Recent Note for HRI - 10/22/2024 9:26:36 PM Powered to a new 52-week high with today's 3rd considerable volume-driven gain. Reported Sep '24 quarterly earnings +9% on +6% sales revenues versus the year-ago period, its 7th 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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MAG - NASDAQ - MANUFACTURING - Industrial Electrical Equipmen Magnetek Inc	$17.83	+0.31 1.77%	$18.01	$17.62	1.19%	1,041,358 176.80%	589,000
Most Recent Note for MAG - 10/22/2024 9:27:38 PM Hit new multi-year highs again with today's 4th consecutive volume-driven gain, making steady progress after consolidating above prior highs in the $14 area. Prior mid-day reports noted - "Fundamental concerns remain. Through the Jun '24 quarter its earnings and sales revenues growth history is not a match with the fact-based investment system's guidelines (C criteria)."
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MANH - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software Manhattan Associates Inc	$292.32	-3.22 -1.09%	$296.52	$307.50	-4.94%	759,787 209.89%	362,000
Most Recent Note for MANH - 10/22/2024 9:30:24 PM Consolidating near its all-time high, 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. Fundamentals remain strong. It was dropped from the Featured Stocks list on 4/11/24 then found support near its 200 DMA line and made gradual progress.
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MMM - NYSE - CONGLOMERATES - Conglomerates Three M Company	$131.73	-3.11 -2.31%	$141.34	$140.72	-6.39%	13,082,258 395.23%	3,310,000
Most Recent Note for MMM - 10/22/2024 9:31:26 PM Reversed into the red after hitting a new 52-week high today. Reported Sep '24 quarterly earnings +18% on +0% sales revenues versus the year-ago period. Fundamental concerns remain due to subpar quarterly and annual earnings (C and A criteria).
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PHM - NYSE - MATERIALS & CONSTRUCTION - Residential Construction Pulte Group Inc	$133.81	-10.45 -7.24%	$139.51	$149.47	-10.48%	3,692,765 216.20%	1,708,000
Most Recent Note for PHM - 10/22/2024 9:33:54 PM Pulled back from its 52-week high abruptly and undercut its 50 DMA line with today's big volume-driven loss. Reported earnings +16% on +12% sales revenues for the Sep '24 quarter versus the year-ago period. Prior quarterly comparisons were also below the +25% minimum guideline (C criteria) and fundamental concerns remain. It found support above its 200 DMA line and then rallied impressively since dropped from the Featured Stocks list on 8/25/23.
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PNR - NYSE - MANUFACTURING - Diversified Machinery Pentair Ltd	$98.32	-0.04 -0.04%	$99.96	$99.95	-1.63%	2,792,485 207.77%	1,344,000
Most Recent Note for PNR - 10/22/2024 9:34:57 PM Perched at its all-time high, extended from any sound base. Reported earnings +16% on -2% sales revenues for the Sep '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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RY - NYSE - BANKING - Money Center Banks Royal Bank Of Canada	$125.09	+0.10 0.08%	$125.31	$126.96	-1.47%	6,284,856 718.27%	875,000
Most Recent Note for RY - 10/22/2024 9:35:54 PM Perched at its 52-week high. Quarterly earnings through the Jul 24 quarter have not been strong and steady above the +25% minimum guideline (C criteria).
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SHW - NYSE - MATERIALS & CONSTRUCTION - General Building Materials Sherwin-Williams Co	$361.38	-20.37 -5.34%	$389.00	$392.57	-7.95%	4,720,485 390.12%	1,210,000
Most Recent Note for SHW - 10/22/2024 9:37:43 PM Slumped below its 50 DMA line ($371) with heavier volume behind today's 4th consecutive loss. Reported earnings +5% on +1% sales revenues for the Sep '24 quarter versus the year ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Noted with caution in the 9/15/23 mid-day report - "Sequentially showing deceleration in its sales revenues growth rate. Annual earnings (A criteria) history included a slight downturn in FY '21."
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STRL - NASDAQ - MATERIALS &; CONSTRUCTION - Heavy Construction Sterling Construction Co	$160.57	-3.46 -2.11%	$164.13	$170.50	-5.82%	734,533 267.10%	275,000
Most Recent Note for STRL - 10/22/2024 9:39:02 PM Perched at its all-time high, 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. Fundamentals remain strong after it reported Jun '24 quarterly earnings +31% on +12% sales revenues versus the year-ago period. It found support above its 200 DMA line during its consolidation after dropped from the Featured Stocks list on 10/03/23.
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URI - NYSE - DIVERSIFIED SERVICES - Rental & Leasing Services United Rentals Inc	$847.46	+14.93 1.79%	$861.33	$861.74	-1.66%	1,035,430 263.47%	393,000
Most Recent Note for URI - 10/22/2024 9:40:40 PM Perched at its all-time high. Reported Sep '24 quarterly earnings +8% on +6% sales revenues versus the year-ago period, its 4th quarterly comparison below the +25% minimum earnings guideline (C criteria). Fundamental concerns remain. Dropped from the Featured Stocks list on 2/16/24.
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WRB - NYSE - Insurance-Prop/Cas/Titl Berkley W R Corp	$58.53	-2.50 -4.10%	$60.50	$61.96	-5.54%	3,651,371 203.42%	1,795,000
Most Recent Note for WRB - 10/22/2024 9:41:36 PM Slumped to its 50 DMA line with today's big volume-driven loss. Reported earnings +3% on +12% sales revenues for the Sep '24 quarter versus the year ago period, breaking a streak of quarterly comparisons above the +25% minimum guideline (C criteria). Shares split 3:2 effective 3/24/22.
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