Mid-Day Breakouts Report - Wednesday, November 1st, 2023

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, NOVEMBER 1ST, 2023
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DOW 33162.5 109.63 (0.33%) | NASDAQ 12949.4 98.16 (0.76%) | S&P 500 4218.02 24.22 (0.58%)

Time of Screening : 11/1/2023 12:19:04 PM Report Released : 11/1/2023 12:46:38 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 65% 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	$208.58	+8.21 4.10%	$209.69	2,516,747 119.90% of 50 DAV 50 DAV is 2,099,000	$201.45 3.54%	10/31/2023	$188.84	PP = $198.80 MB = $208.74
Most Recent Note - 11/1/2023 12:24:08 PM Y - Powering higher again today approaching its "max buy" level. Finished strong after highlighted in yellow in the prior mid-day report with pivot point cited based on its prior high plus 10 cents. Bullish action came after it reported Sep '23 quarterly earnings +46% on +28% sales revenues versus the year-ago period. Gapped up rebounding above its 50 DMA line ($188) and rallied to a new high (N criteria). See the latest FSU analysis for more details and an annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 10/31/2023. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ACGL - NASDAQ - INSURANCE - Property & Casualty Insurance Arch Capital Group Ltd	$88.94	+2.26 2.60%	$89.73	$87.51	1.63%	1,332,275 79.11%	1,684,000
Most Recent Note for ACGL - 11/1/2023 12:21:13 PM Hitting new 52-week and all-time highs with today's gain. Bermuda-based Insurance firm reported earnings +725% on +40% sales revenues for the Sep '23 quarter versus the year ago period, its 4th strong quarter. Up and down annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines.
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AIZ - NYSE - INSURANCE - Accident & Health Insurance Assurant Inc	$165.37	+16.47 11.06%	$167.81	$153.90	7.45%	424,809 133.17%	319,000
Most Recent Note for AIZ - 11/1/2023 12:22:50 PM Gapped up today for a big volume-driven gain. Quarterly and annual earnings (C and A criteria) and sales revenues growth history has not been a good match with the fundamental guidelines of the fact-based investment system.
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BCSF - NYSE - Financial Svcs-Specialty Bain Capital Specialty Finance	$15.43	+0.29 1.92%	$15.62	$16.80	-8.15%	186,383 72.81%	256,000
Most Recent Note for BCSF - 11/1/2023 12:24:44 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	$21.53	-0.11 -0.51%	$21.76	$23.35	-7.79%	935,438 313.91%	298,000
Most Recent Note for CSWC - 11/1/2023 12:25:55 PM Met resisatnce near its 50 DMA line ($21.98) after a gap up and early volume-driven gain on the prior session. 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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FTDR - NASDAQ - Bldg-Maintenance & Svc Frontdoor Inc	$33.13	+4.20 14.52%	$33.29	$38.97	-14.99%	1,206,767 200.79%	601,000
Most Recent Note for FTDR - 11/1/2023 12:27:05 PM Gapped up today rebounding above its 50 and 200 DMA lines. Reported improved earnings in the 4 latest quarterly comparisons through Sep '23 but with subpar sales revenues growth. Annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines. Faces resistance due to overhead supply up to the $58 level.
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HUM - NYSE - HEALTH SERVICES - Health Care Plans Humana Inc	$502.08	-21.62 -4.13%	$516.00	$571.30	-12.12%	1,005,558 106.97%	940,000
Most Recent Note for HUM - 11/1/2023 12:28:28 PM Gapped down today consolidating just above its 50 and 200 DMA lines. Reported Sep '23 quarterly earnings +6% on +16% sales revenues versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria) of the fact-based investment system. Annual earnings (A criteria) history has been strong.
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LPG - NYSE - Oil&Gas-Transprt/Pipelne Dorian LPG Ltd	$34.96	+2.99 9.35%	$35.23	$32.09	8.94%	628,312 86.31%	728,000
Most Recent Note for LPG - 11/1/2023 12:29:39 PM Gapped up today hitting another new 52-week high while adding to a noted spurt of volume-driven gains. Due to report Sep '23 quarterly results. Reported Jun '23 quarterly earnings +116% on +45% sales revenues versus the year ago period, its 5th very strong quarterly earnings comparison above the +25% minimum earnings guideline (C criteria) of the fact-based investment system. Fundamental concerns remain due to its erratic annual earnings (A criteria) history.
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NEU - NYSE - CHEMICALS - Specialty Chemicals Newmarket Corporation	$478.95	-3.20 -0.66%	$484.23	$490.44	-2.34%	19,650 65.50%	30,000
Most Recent Note for NEU - 11/1/2023 12:30:31 PM The Chemicals - Specialty firm is stubbornly holding its ground since rebounding above its 50 DMA line ($458) and spiking to a new 52-week high on 10/26/23. Reported Sep '23 quarterly earnings +84% on -4% sales revenues 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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PCTI - NASDAQ - TELECOMMUNICATIONS - Diversified Communication Serv Pc-Tel Inc	$6.81	-0.04 -0.54%	$6.87	$6.89	-1.12%	488,092 278.91%	175,000
Most Recent Note for PCTI - 11/1/2023 12:31:06 PM Gapped up on 10/16/23 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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PH - NYSE - MANUFACTURING - Industrial Equipment & Compone Parker-Hannifin Corp	$367.70	-1.21 -0.33%	$369.89	$428.16	-14.12%	425,126 67.59%	629,000
Most Recent Note for PH - 11/1/2023 12:32:08 PM Slumping near its 200 DMA line ($362.81) which defines important near-term support. Due to report Sep '23 quarterly results. 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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PINS - NYSE - INTERNET - Content Pinterest Inc Cl A	$29.40	-0.48 -1.61%	$30.16	$30.86	-4.73%	11,912,080 109.19%	10,909,000
Most Recent Note for PINS - 11/1/2023 12:33:52 PM Gapped up on the prior session challenging its July '23 high. Reported Sep '23 quarterly earnings +155% on +11% sales revenues versus the year-ago period, its 2nd strong quarter. Prior quarterly and annual earnings (C and A criteria) history is not a match with the fundamental guidelines of the fact-based investment system.
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PSN - NYSE - Computer Sftwr-Enterprse Parsons Corporation	$61.12	+4.57 8.08%	$61.27	$58.87	3.82%	1,133,241 173.01%	655,000
Most Recent Note for PSN - 11/1/2023 12:35:57 PM Gapped up today and powered to a new all-time high with a considerable gain backed by above average volume. Reported earnings +44% on +25% sales revenues for the Sep '23 quarter versus the year ago period, its 2nd strong quarter. Prior quarterly earnings comparisons were not strong and steady above the +25% minimum guideline (C criteria) and annual earnings (A criteria) growth has not been strong and steady. Fundamental concerns remain.
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SFM - NASDAQ - Retail-Super/Mini Mkts Sprouts Farmers Market	$40.89	-1.14 -2.70%	$42.09	$44.43	-7.98%	1,119,829 69.00%	1,623,000
Most Recent Note for SFM - 11/1/2023 12:37:29 PM Gapped down on the prior session from near its 52-week high, and it is undercutting its 50 DMA line ($41.54) with above average volume behind today's 5th consecutive loss. Reported Sep '23 quarterly earnings +7% on +8% 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 annual earnings (A criteria) history included a downturn in FY '21.
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TNC - NYSE - MANUFACTURING - Diversified Machinery Tennant Co	$76.99	+2.77 3.73%	$77.56	$87.53	-12.04%	72,271 76.88%	94,000
Most Recent Note for TNC - 11/1/2023 12:39:59 PM Finding support near its 200 DMA line and rebounding above its 50 DMA line with today's volume-driven gain. The 4 latest quarterly earnings increases through Sep '23 have been above the +25% minimum guideline (C criteria). Prior quarterly and annual earnings (A criteria) history has been subpar and leaves fundamental concerns.
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TNK - NYSE - Transportation-Ship Teekay Tankers Ltd Cl A	$51.29	+1.59 3.20%	$51.45	$49.89	2.81%	297,706 79.39%	375,000
Most Recent Note for TNK - 11/1/2023 12:41:24 PM Hitting yet another new 52-week high with today's gain adding to recent volume-driven gains and 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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TT - NYSE - Machinery-Gen Industrial Trane Technologies Plc	$209.21	+18.90 9.93%	$211.62	$211.71	-1.18%	1,571,364 136.88%	1,148,000
Most Recent Note for TT - 11/1/2023 12:43:41 PM Gapped up today challenging its all-time high, rebounding above its 50 DMA line ($200). Reported Sep '23 quarterly earnings +23% on +12% sales revenues versus the year-ago period, its 2nd quarterly earnings increase just below the +25% minimum guideline (C criteria). Fundamental concerns remain. There was a downturn in FY '19 and '20 earnings (A criteria).
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VRSK - NASDAQ - DIVERSIFIED SERVICES - research Verisk Analytics Cl A	$220.43	-6.93 -3.05%	$228.34	$249.26	-11.57%	676,196 77.81%	869,000
Most Recent Note for VRSK - 11/1/2023 12:46:33 PM Enduring distributional pressure in recent weeks, slumping from its all-time high and below its 50 DMA line ($239) toward its 200 DMA line ($213.49). Reported earnings +8% on +11% sales revenues for the Sep '23 quarter versus the year-ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Annual earnings history had a downturn in FY '21.
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