Mid-Day Breakouts Report - Tuesday, October 31st, 2023

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MIDDAY BREAKOUTS REPORT - TUESDAY, OCTOBER 31ST, 2023
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DOW 32886.27 -42.69 (-0.13%) | NASDAQ 12764.79 -24.69 (-0.19%) | S&P 500 4168.2 1.38 (0.03%)

Time of Screening : 10/31/2023 12:34:28 PM Report Released : 10/31/2023 1:05:49 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

Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (50 DAV)	52 Wk Hi % From Hi	Date Featured	Price Featured	Pivot Point
Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (50 DAV)	52 Wk Hi % From Hi	Date Featured	Price Featured	Max Buy
ANET - NYSE Arista Networks, Inc	$196.90	+21.18 12.05%	$198.05	4,867,375 247.96% of 50 DAV 50 DAV is 1,963,000	$198.70 -0.91%	10/31/2023	$188.84	PP = $198.80 MB = $208.74
Most Recent Note - 10/31/2023 12:39:07 PM Y - Color code is changed to yellow and new pivot point cited is based on its prior high plus 10 cents. Reported Sep '23 quarterly earnings +46% on +28% sales revenues versus the year-ago period and gapped up today rebounding above its 50 DMA line ($187.77) to challenge its prior highs. It was dropped from the Featured Stocks list on 10/26/23. >>> The latest Featured Stock Update with an annotated graph appeared on 10/26/2023. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ARES - NYSE - FINANCIAL SERVICES - Asset Management Ares Management, L.P.	$98.33	-3.10 -3.05%	$102.99	$112.15	-12.33%	1,079,920 112.73%	958,000
Most Recent Note for ARES - 10/31/2023 12:41:30 PM Slumpoing well below its 50 DMA line ($104.14) with today's big volume-driven loss. Reported Sep '23 quarterly earnings +236% versus the year-ago period, its 3rd strong quarter. Prior quarterly comparisons showed subpar results. Completed a new Public Offering 4/06/21. Up and down annual earnings (A criteria) history does not match the fact-based investment system.
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BBVA - NYSE - BANKING - Foreign Regional Banks Banco Bilbao Viz Arg Adr	$7.79	-0.13 -1.58%	$7.84	$8.28	-5.98%	733,981 70.58%	1,040,000
Most Recent Note for BBVA - 10/31/2023 12:41:41 PM Pulled back from its 52-week high, consolidating near 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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BCSF - NYSE - Financial Svcs-Specialty Bain Capital Specialty Finance	$15.06	-0.03 -0.20%	$15.48	$16.80	-10.36%	150,767 58.89%	256,000
Most Recent Note for BCSF - 10/31/2023 12:43:14 PM Consolidating below its 50 DMA line ($15.50) which has acted as resistance. It stalled after hitting a new 52-week high on 9/20/23. Prior mid-day reports noted - "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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CSWC - NASDAQ - FINANCIAL SERVICES - Closed-End Fund - Equity Capital Southwest Corp	$21.24	+0.15 0.71%	$22.12	$23.35	-9.04%	217,245 74.65%	291,000
Most Recent Note for CSWC - 10/31/2023 12:44:45 PM Met resisatnce near its 50 DMA line ($21.97) after today's gap up and early volume-driven gain. Faces resistance due to overhead supply up to the $28 level. Reported Mar, Jun, and Sep '23 quarterly earnings increases above the +25% minimum guideline (C criteria) following 3 subpar quarterly comparisons. Annual earnings growth has been strong since turning profitable in FY '17.
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ETN - NYSE - MANUFACTURING - Diversified Machinery Eaton Corp Plc	$204.85	+7.07 3.57%	$206.98	$240.44	-14.80%	2,170,169 99.96%	2,171,000
Most Recent Note for ETN - 10/31/2023 12:46:38 PM Slumped near its 200 DMA line ($189) since a noted "negative reversal" on 9/12/23 at its all-time high. Reported Sep'23 quarterly earnings +22% versus the year-ago period. Prior mid-day reports noted - "Its subpar sales revenues and earnings growth history remain a concern, fundamentally."
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GNE - NYSE - Utility-Diversified Genie Energy Ltd Cl B	$19.79	-0.29 -1.44%	$20.33	$20.40	-2.99%	73,051 71.62%	102,000
Most Recent Note for GNE - 10/31/2023 12:48:15 PM Found prompt support at its 50 DMA line and rallied to new 52-week highs with a noted streak of volume-driven gains. Reported Jun '23 quarterly earnings +73% on +40% sales revenues versus the year-ago period. Fundamental concerns remain.
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NTES - NASDAQ - INTERNET - Internet Information Providers Netease Inc Adr	$105.94	-1.91 -1.77%	$109.01	$110.82	-4.40%	654,205 72.53%	902,000
Most Recent Note for NTES - 10/31/2023 12:49:15 PM Consolidating above its 50 DMA line ($102) and recently challenging prior highs in the $110 area. Reported Jun '23 quarterly earnings +57% on -4% sales revenues versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum guideline (C criteria). Annual earnings history has been up and down, a flaw concerning the A criteria of the fact-based investment system. It was dropped from the Featured Stocks list on 8/15/17.
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PH - NYSE - MANUFACTURING - Industrial Equipment & Compone Parker-Hannifin Corp	$366.90	-2.65 -0.72%	$368.57	$428.16	-14.31%	569,001 92.52%	615,000
Most Recent Note for PH - 10/31/2023 12:50:40 PM Slumping near its 200 DMA line ($362) which defines important near-term support. This giant machinery firm reported earnings +18% on +22% sales revenues for the quarter ended June 30, 2023 versus the year-ago period, marking its 6th consecutive quarterly comparison below the +25% minimum guideline (C criteria). Annual earnings history (A criteria) has been strong and steady.
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PNNT - NASDAQ - Finance-Investment Mgmt Pennantpark Investment	$6.17	+0.03 0.49%	$6.27	$7.07	-12.73%	190,401 58.77%	324,000
Most Recent Note for PNNT - 10/31/2023 12:51:41 PM Slumped below its 50 DMA line ($6.42) which acted as resistance in recent weeks. Prior mid-day reports repeatedly 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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PRI - NYSE - Insurance-Life Primerica Inc	$188.49	-7.33 -3.74%	$197.26	$220.00	-14.32%	104,039 76.50%	136,000
Most Recent Note for PRI - 10/31/2023 12:55:15 PM Pulling back testing its 200 DMA line and prior low in the $187 area with today's volume-driven loss. This huge Insurance - Life firm is a component of the Dow Jones Industrial Average. Reported earnings +18% on +3% sales revenues for the Jun '23 quarter versus the yer-ago period. Prior quarterly comparisons were well below the +25% minimum earnings guideline (C criteria). and sub par sales revenues growth remains a concern.
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RACE - NYSE - Auto Manufacturers Ferrari NV	$301.35	+1.96 0.65%	$303.60	$329.88	-8.65%	204,220 69.23%	295,000
Most Recent Note for RACE - 10/31/2023 12:56:29 PM Consolidating near its 50 DMA line ($302.52). Faces near-term resistance due to overhead supply up to the $329 level. Found recent support above its 200 DMA line. Due to report Sep '23 quarterly results on 11/02/23. 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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RYAN - NYSE - INSURANCE - Insurance Brokers Ryan Specialty Hlds Cl A	$43.97	-0.41 -0.92%	$44.71	$50.64	-13.17%	369,061 58.58%	630,000
Most Recent Note for RYAN - 10/31/2023 12:57:10 PM Through Jun '23 quarterly earnings increases have been below the +25% minimum earnings guideline.
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SFM - NASDAQ - Retail-Super/Mini Mkts Sprouts Farmers Market	$41.07	-2.28 -5.26%	$41.50	$44.43	-7.56%	2,665,451 171.19%	1,557,000
Most Recent Note for SFM - 10/31/2023 1:00:42 PM Gapped down today from near its 52-week high, undercutting its 50 DMA line ($41.49) then rebounding from the early low. It is extended from any sound base. Reported Sep '23 quarterly results. Reported earnings +25% on +6% sales revenues for the Jun '23 quarter versus the year-ago period. Prior quarterly earnings comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria) and annual earnings (A criteria) history included a downturn in FY '21.
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STLA - NYSE - Auto Manufacturers Stallantis NV	$18.67	+0.67 3.72%	$18.77	$20.71	-9.85%	5,139,861 72.11%	7,128,000
Most Recent Note for STLA - 10/31/2023 1:03:52 PM Above its 200 DMA line but below its 50 DMA line ($18.89) after recent volume-driven losses. 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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TNK - NYSE - Transportation-Ship Teekay Tankers Ltd Cl A	$49.51	+1.38 2.87%	$49.89	$49.88	-0.74%	226,272 61.15%	370,000
Most Recent Note for TNK - 10/31/2023 1:04:55 PM Perched at its 52-week high today following noted volume-driven gains rallying above previously stubborn resistance. Found prompt support near its 200 DMA line in recent months. Reported greatly improved sales revenues and earnings in quarterly comparisons through Jun '23 versus the year-ago periods. Annual earnings (A criteria) history has been erratic.
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WDFC - NASDAQ - CHEMICALS - Specialty Chemicals W D 40 Co	$216.32	+3.53 1.66%	$217.78	$234.69	-7.83%	53,693 57.73%	93,000
Most Recent Note for WDFC - 10/31/2023 1:05:42 PM Found support above its 200 DMA line after recent volume-driven losses and rebounded above its 50 DMA line. Reported earnings +12% on +8% sales revenues for the Aug '23 quarter versus the year-ago period. Fundamental concerns remain. Prior quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria).
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