Mid-Day Breakouts Report - Tuesday, November 7th, 2023

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MIDDAY BREAKOUTS REPORT - TUESDAY, NOVEMBER 7TH, 2023
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DOW 34148.51 52.65 (0.15%) | NASDAQ 13621.95 103.17 (0.76%) | S&P 500 4375.11 9.13 (0.21%)

Time of Screening : 11/7/2023 12:20:22 PM Report Released : 11/7/2023 1:08:29 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
ADBE - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Adobe Systems Inc	$582.97	+17.52 3.10%	$589.00	$574.40	1.49%	1,716,120 62.00%	2,768,000
Most Recent Note for ADBE - 11/7/2023 12:21:21 PM Hitting a new 52-week high with today's 7th consecutive gain. Still faces resistance due to old overhead supply up to the $699 level. Reported Aug '23 quarterly earnings +20% on +10% sales revenues versus the year ago period. Prior quarterly comparisons also were below the +25% minimum earnings guideline (C criteria).
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AKAM - NASDAQ - INTERNET - Internet Software & Services Akamai Technologies Inc	$110.77	+2.33 2.15%	$111.32	$109.24	1.40%	975,078 59.53%	1,638,000
Most Recent Note for AKAM - 11/7/2023 12:22:57 PM Gapped up today hitting a new 52-week high, but it faces resistance due to old overhead supply up to the $123 level. Due to report Sep '23 quarterly results. Reported earnings +10% on +4% sales revenues for the Jun '23 quarter versus the year ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Sub par sales revenues growth remains a concern. It was dropped from the Featured Stocks list on 6/15/15.
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AXON - NASDAQ - Security/Sfty Axon Enterprise Inc	$218.00	+1.14 0.53%	$219.02	$229.95	-5.20%	332,272 76.38%	435,000
Most Recent Note for AXON - 11/7/2023 12:24:16 PM Found support near its 200 DMA line in recent months. Faces little resistance due to overhead supply up to the $229 level. Reported Jun '23 quarterly earnings +152% on +31% sales revenues versus the year-ago period, its 3rd strong quarter well above the +25% minimum earnings guideline (C criteria). Annual earnings had a downturn in FY '22 after years of strong growth. Went through a deep consolidation then rebounded since dropped from the Featured Stocks list on 3/04/21.
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BCSF - NYSE - Financial Svcs-Specialty Bain Capital Specialty Finance	$15.23	-0.49 -3.12%	$15.51	$16.80	-9.35%	192,923 75.07%	257,000
Most Recent Note for BCSF - 11/7/2023 12:28:03 PM Slumping back below its 50 DMA line with today's big loss. It stalled after hitting a new 52-week high on 9/20/23. Reported Sep '23 quarterly earnings +17% on +23% sales revenues versus the year-ago period, below the +25% minimum earnings 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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BSY - NASDAQ - Computer Sftwr-Enterprse Bentley Systems Class B	$52.50	+4.50 9.38%	$53.50	$55.37	-5.18%	801,266 81.35%	985,000
Most Recent Note for BSY - 11/7/2023 12:29:50 PM Rebounding above its 50 DMA line with today's big volume-driven gain challenging prior highs in the $54-55 area. Reported Sep '23 quarterly earnings +16% on +14% sales revenues versus the year ago period. Fundamental concerns remain as prior quarterly results were subpar.
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CI - NYSE - Medical-Managed Care Cigna Corp	$296.04	-10.81 -3.52%	$307.80	$340.11	-12.96%	1,460,574 117.98%	1,238,000
Most Recent Note for CI - 11/7/2023 12:30:32 PM Pulling back today for a 3rd consecutive volume-driven loss. Reported Sep '23 quarterly earnings +12% on +8% sales revenues versus the year ago period adding to a streak of sub par quarterly comparisons. It was dropped from the Featured Stocks list on 11/16/22.
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CNM - NYSE - Bldg-Constr Prds/Misc Core & Main Inc Cl A	$30.90	-0.34 -1.09%	$30.98	$33.32	-7.26%	3,562,807 179.49%	1,985,000
Most Recent Note for CNM - 11/7/2023 12:33:26 PM Pulling back for a 2nd consecutive loss today undercutting then rebounding back above its 50 DMA line ($30.12). Met stubborn resistance in the $33 area in recent months. Prior mid-day reports noted - "Reported Jul '23 quarterly earnings -1% on +0% sales revenues versus the year-ago period, its 3rd subpar quarter. Prior quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Limited history is a concern since its $20 IPO on 7/23/21."
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COKE - NASDAQ - FOOD & BEVERAGE - Beverages - Soft Drinks Coca Cola Btlg Consol	$670.05	+5.71 0.86%	$684.99	$745.53	-10.13%	21,229 62.44%	34,000
Most Recent Note for COKE - 11/7/2023 12:35:17 PM Rebounded above its 50 DMA line ($650) during a streak of 5 consecutive gains. Reported Sep '23 quarterly earnings +18% on +5% sales revenues versus the year ago period. It was dropped from the Featured Stocks list on 10/03/23.
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DT - NYSE - Computer Sftwr-Enterprse Dynatrace Inc	$48.91	+1.63 3.45%	$49.43	$55.87	-12.46%	4,833,587 232.94%	2,075,000
Most Recent Note for DT - 11/7/2023 12:40:23 PM Rebounding above its 50 and 200 DMA lines with recent volume-driven gains. Faces near-term resistance due to overhead supply up to the $55 level. Reported Sep '23 quarterly earnings +41% on +26% sales revenues versus the year-ago period, its 4th strong quarter above the +25% minimum earnings guideline (C criteria). On 5/04/21 it was dropped from the Featured Stocks list.
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ELTK - NASDAQ - ELECTRONICS - Printed Circuit Boards Eltek Ltd	$9.97	-0.18 -1.80%	$10.66	$11.49	-13.25%	34,372 88.13%	39,000
Most Recent Note for ELTK - 11/7/2023 12:42:57 PM Found support at its 50 DMA line ($9.26) while consolidating since last noted with caution in the 10/11/23 mid-day report while abruptly retreating after 3 consecutive volume-driven gains for a new high. Showed stronger earnings increases in the Mar and Jun '23 quarterly comparisons but fundamental concerns remain.
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EVI - AMEX - Machinery-Gen Industrial Envirostar Inc	$26.23	-0.27 -1.02%	$27.01	$28.65	-8.45%	13,807 72.67%	19,000
Most Recent Note for EVI - 11/7/2023 12:44:58 PM Consolidating above its 50 DMA line and perched within close striking distance of its 52-week high. This thinly-traded Machinery - General Industrial firm found prompt support at its 200 DMA line in recent weeks. Due to report Sep '23 quarterly results. Reported Jun '23 quarterly earnings +18% on +14% sales revenues versus the year ago period. Showed better sales and earnings increases in most recent quarterly comparisons through Mar '23, but fundamental concerns remain. Its annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines.
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FN - NYSE - ELECTRONICS - Specialized Electronics Fabrinet	$173.22	+11.63 7.20%	$174.72	$183.74	-5.73%	411,718 120.39%	342,000
Most Recent Note for FN - 11/7/2023 12:46:16 PM Rebounding toward its all-time highs with today's big volume-driven gain. Reported Sep '23 quarterly earnings +2% on +5% sales revenues versus the year-ago period. Prior quarterly comparisons were strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history included a slight downturn in FY '20.
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FRO - NYSE - TRANSPORTATION - Shipping Frontline Ltd Adr	$21.93	-0.35 -1.57%	$21.94	$22.95	-4.44%	2,736,212 90.45%	3,025,000
Most Recent Note for FRO - 11/7/2023 12:48:03 PM Pulling back from its new 52-week high with today's 3rd consecutive loss. Rallied impressively after finding prompt support near its 50 DMA line ($18.20) in recent weeks. Prior mid-day reports noted - "Recent quarterly comparisons through Jun '23 have shown strong sales and earnings increases above the year-ago periods. Annual earnings history has been erratic and below the guidelines."
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GNE - NYSE - Utility-Diversified Genie Energy Ltd Cl B	$20.82	-2.21 -9.60%	$22.85	$23.75	-12.34%	147,959 126.46%	117,000
Most Recent Note for GNE - 11/7/2023 12:49:16 PM Abruptly retreating with today's big volume-driven loss. Noted with caution in the prior mid-day report - "Very extended from any sound base, it found prompt support at its 50 DMA line and rallied to new 52-week highs with a noted streak of volume-driven gains. Reported strong Sep '23 quarterly results. Fundamental concerns remain."
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IHG - NYSE - LEISURE - Lodging Intercontinental Hotels	$73.03	+0.31 0.43%	$73.29	$79.41	-8.03%	148,333 60.79%	244,000
Most Recent Note for IHG - 11/7/2023 12:50:50 PM In recent weeks it slumped below its 50 DMA line ($75) and found prompt support at its 200 DMA line ($71). 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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INFA - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Informatica Corp	$23.08	+0.31 1.36%	$23.33	$23.48	-1.70%	314,257 84.03%	374,000
Most Recent Note for INFA - 11/7/2023 12:53:46 PM Holding its ground following volume-driven gains, perched at its 52-week high. Prior mid-day reports noted - "Faces resistance due to old overhead supply. Reported Sep '23 quarterly earnings +50% on +10% sales revenues versus the year-ago period. Prior quarterly comparisons were subpar and fundamental concerns remain."
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KGC - NYSE - METALS & MINING - Gold Kinross Gold Corp	$5.29	-0.20 -3.56%	$5.39	$5.60	-5.63%	7,117,210 58.74%	12,116,000
Most Recent Note for KGC - 11/7/2023 12:54:47 PM Gapped down today after recently challenging its May '23 high. 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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LIN - NYSE - Chemicals-Specialty Linde Plc	$389.02	-3.98 -1.01%	$390.96	$395.18	-1.56%	819,602 60.98%	1,344,000
Most Recent Note for LIN - 11/7/2023 12:55:59 PM This UK-based Chemicals - Specialty firm is pulling back today after 8 consecutive gains to reach a new all-time high. Through Sep '23 its 8 latest quarterly earnings comparisons versus the year ago periods were below the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been steady.
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NEU - NYSE - CHEMICALS - Specialty Chemicals Newmarket Corporation	$488.26	-3.57 -0.73%	$493.90	$496.93	-1.74%	28,177 90.89%	31,000
Most Recent Note for NEU - 11/7/2023 12:57:11 PM The Chemicals - Specialty firm spiked to a new 52-week high on 10/26/23 and has been wedging higher. 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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PANW - NYSE - Computer Sftwr-Security Palo Alto Networks	$241.32	+4.32 1.82%	$243.17	$265.90	-9.25%	2,187,849 76.47%	2,861,000
Most Recent Note for PANW - 11/7/2023 12:58:29 PM Violated its 50 DMA line ($243) with 2 volume-driven losses. Recently undercut prior highs in the $254 area and it was noted with caution in the 11/03/23 mid-day report - "Fundamentals remain strong after it reported Jul '23 quarterly earnings +80% on +26% sales revenues versus the year-ago period. It showed resilience since dropped from the Featured Stocks list on 8/09/23."
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TRI - NYSE - Comml Svcs-Market Rsrch Thomson Reuters Corp	$128.96	+0.11 0.09%	$130.32	$138.85	-7.12%	215,513 73.81%	292,000
Most Recent Note for TRI - 11/7/2023 1:01:29 PM Rebounded above its 50 and DMA lines durng a streak of 5 consecutive gains. Reported Sep '23 quarterly earnings +41% on +1% sales revenues versus the year-ago period. Prior quarters showed earnings increases near or above the +25% minimum guideline (C criteria) but subpar sales revenues growth remains a cause for concern. Annual earnings (A criteria) growth has been improving after a downturn in FY '17 and '18.
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UBS - NYSE - BANKING - Money Center Banks U B S Ag	$24.78	+0.43 1.75%	$25.28	$26.97	-8.14%	1,925,679 58.34%	3,301,000
Most Recent Note for UBS - 11/7/2023 1:03:22 PM Meeting resistance near its 50 DMA line ($24.88) today while rebounding from recent lows. Reported a loss of 24 cents per share for the Sep '23 quarter. Prior quarterly comparisons have been erratic, fundamentally below guidelines of the fact-based investment system.
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VECO - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Veeco Instruments Inc	$26.97	+2.11 8.49%	$27.83	$31.09	-13.25%	331,171 62.49%	530,000
Most Recent Note for VECO - 11/7/2023 1:04:44 PM Gapped up today rebounding above its 50 DMA line ($26.87) but face resistance up to the $31 level due to overhead supply. Recent quarterly comparisons through Sep '23 showed subpar sales revenues and earnings increases below the fact-based investment system's fundamental guidelines.
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VRTX - NASDAQ - Medical-Biomed/Biotech Vertex Pharmaceuticals	$381.21	-4.55 -1.18%	$385.48	$387.42	-1.60%	824,125 78.79%	1,046,000
Most Recent Note for VRTX - 11/7/2023 1:07:07 PM Perched at a new all-time high following a volume-driven gain on the prior session. Reported Sep '23 quarterly earnings +2% on +6% sales revenues versus the year-ago period, its 3rd quarterly comparison well below the +25% minimum earnings guideline (C criteria).
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WINA - NASDAQ - SPECIALTY RETAIL - Sporting Goods Stores Winmark Corp	$425.03	-6.01 -1.39%	$432.00	$431.04	-1.39%	28,917 103.28%	28,000
Most Recent Note for WINA - 11/7/2023 1:08:24 PM Wedged to new all-time highslast week after finding support well above its 50 DMA line ($390). Reported Sep '23 quarterly earnings +4% on +5% 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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