Breakoutwatch Weekly Summary 03/25/2023
You are receiving this email because you are or were a
BreakoutWatch.com subscriber, or have subscribed to our weekly
newsletter.
To read this newsletter on the site, click here: Newsletter
.
Contents
Market Summary
Index returns vary widely as small-caps join the Dow in negative territory for 2023
Major benchmark returns varied widely as banking industry and recession worries weighed on value stocks and small-caps, while large-cap growth stocks benefited from falling interest rates. The technology-heavy Nasdaq Composite outperformed the small-cap Russell 2000 Index by 828 basis points (8.28 percentage points). Relatedly, financials underperformed for a third consecutive week, and the small real estate sector suffered from worries about how stresses in the regional banking system would affect the commercial real market, where regional banks are the primary lenders. [more...]
Major Index Performance
| Dow Jones | |
|---|---|
| Last Close | 32237.5 |
| Wk. Gain | 1.15 % |
| Yr. Gain | -2.67 % |
| Trend | Down |
|
|
| S&P 500 | |
|---|---|
| Last Close | 3970.99 |
| Wk. Gain | 1.37 % |
| Yr. Gain | 3.71 % |
| Trend | Up |
|
|
| NASDAQ Comp. | |
|---|---|
| Last Close | 11824 |
| Wk. Gain | 1.8 % |
| Yr. Gain | 14.04 % |
| Trend | Up |
|
|
| Russell 2000 | |
|---|---|
| Last Close | 1734.92 |
| Wk. Gain | 0.08 % |
| Yr. Gain | -1.97 % |
| Trend | Down |
|
|
Performance by Sector
| Sector | Wk. Change % | Yr. Change % | Trend |
|---|---|---|---|
| Consumer Discretionary | 0.24 | 10.05 | Down |
| Consumer Staples | 1.07 | -1.61 | Up |
| Energy | 1.19 | -10.2 | Down |
| Finance | -1.21 | -9.06 | Down |
| Health Care | 0.71 | -5.54 | Down |
| Industrials | 0.07 | 0.17 | Down |
| Technology | 1.76 | 17.61 | Up |
| Materials | 1.14 | -0.33 | Down |
| REIT | -2.92 | -4.47 | Down |
| Telecom | 2.7 | 16.16 | Up |
| Utilities | -2.14 | -7.6 | Up |
Breakouts This Week Still Within 5% of Breakout Price (Limit 20 top C Score)
| Watchlist | Symbol | Company | Industry | C Score* | % Gain |
|---|---|---|---|---|---|
| SQZ | TSM | Taiwan Semiconductor Manu | Semiconductors | 88.5 % | 0.3 % |
| SQZ | STM | STMicroelectronics N.V. | Semiconductors | 85.5 % | 0.7 % |
| SQZ | MHO | M/I Homes, Inc. | Residential Construction | 84.1 % | 1.1 % |
| SQZ | FND | Floor & Decor Holdings, Inc. | Home Improvement Retail | 83.4 % | 1.7 % |
| SQZ | CMPO | CompoSecure, Inc. | Metal Fabrication | 81.8 % | 4.8 % |
| SQZ | GFS | GlobalFoundries Inc. | Semiconductors | 81.5 % | 1.4 % |
| SQZ | EXTR | Extreme Networks, Inc. | Communication Equipment | 81.2 % | 0.3 % |
| CWH | RELX | RELX PLC PLC American Dep | Publishing | 80.5 % | 2.3 % |
| SQZ | PGTI | PGT Innovations, Inc. | Building Products & Equipment | 80.3 % | 1.5 % |
| SQZ | MTH | Meritage Homes Corporation | Residential Construction | 79.7 % | 3 % |
| SQZ | AEIS | Advanced Energy Industries, Inc. | Electrical Equipment & Parts | 79.4 % | 1.2 % |
| SQZ | PHM | PulteGroup, Inc. | Residential Construction | 78.6 % | 1.3 % |
| SQZ | ASML | ASML Holding N.V. | Semiconductor Equipment & Materials | 78.3 % | 2.2 % |
| SQZ | FCFS | FirstCash Holdings, Inc. | Credit Services | 77.6 % | 2.3 % |
| SQZ | MANH | Manhattan Associates, Inc. | Software - Application | 77.6 % | 0.6 % |
| SQZ | GAMB | Gambling.com Group Limited | Gambling | 76.3 % | 0.7 % |
| SQZ | DFH | Dream Finders Homes, Inc. | Residential Construction | 75.6 % | 1.8 % |
| SQZ | BRBR | BellRing Brands, Inc. | Packaged Foods | 75 % | 3.1 % |
| CWH | CERT | Certara, Inc. | Health Information Services | 74.8 % | 0.9 % |
| SQZ | MSI | Motorola Solutions, Inc. | Communication Equipment | 74 % | 1.3 % |
| *C score is our assessment of a Stock's correlation to CAN SLIM principles. It combines a stock's Technical and Fundamental merits and is expressed as a percentage. | |||||
Breakdowns within 5% of Breakdown Price
| Watchlist | Symbol | Company | Industry | C Score* | % Loss |
|---|---|---|---|---|---|
| SS | TH | Target Hospitality Corp. | Specialty Business Services | 85 % | -2 % |
| SS | CHCO | City Holding Company | Banks - Regional | 79 % | -2.2 % |
| SS | IRDM | Iridium Communications Inc | Telecom Services | 77.4 % | -0.2 % |
| SS | FC | Franklin Covey Company | Consulting Services | 72.3 % | -0.9 % |
| SS | INSW | International Seaways, Inc. | Oil & Gas Midstream | 71.2 % | -2.6 % |
| SS | AN | AutoNation, Inc. | Auto & Truck Dealerships | 66.8 % | -3.5 % |
| SS | NATH | Nathan's Famous, Inc. | Restaurants | 64.9 % | -2.5 % |
| SS | GLRE | Greenlight Reinsurance, Ltd. | Insurance - Reinsurance | 63.4 % | -1.7 % |
| SS | ATO | Atmos Energy Corporation | Utilities - Regulated Gas | 61.6 % | -4.5 % |
| SS | SAGE | Sage Therapeutics, Inc. | Biotechnology | 57.3 % | -0.8 % |
| SS | LQDA | Liquidia Corporation | Biotechnology | 55.7 % | -0.9 % |
| SS | EHTH | eHealth, Inc. | Insurance Brokers | 53.4 % | -2 % |
| SS | KDP | Keurig Dr Pepper Inc. | Beverages - Non-Alcoholic | 50.9 % | -0.8 % |
| *C score is our assessment of a Stock's correlation to CAN SLIM principles. It combines a stock's Technical and Fundamental merits and is expressed as a percentage. | |||||
Cup and Handle Stocks Likely to Breakout at Next Session
| Symbol | BoP | Company | Industry | Within x% of BoP | C Score* | |
|---|---|---|---|---|---|---|
| There were no CWH stocks meeting our breakout model criteria | ||||||
| *C score is our assessment of a Stock's correlation to CAN SLIM principles. It combines a stock's Technical and Fundamental merits and is expressed as a percentage. | ||||||
Cup and Handle Chart of the Week
Clearwater Analytics (CWAN) brokeout from its Average True Range on Friday and has several days of rising momentum. It also just signed a deal with BNP Paribas. Read here
