Breakoutwatch Weekly Summary 07/07/2023
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Contents
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Market Summary
Favorable macro backdrop helps end solid quarter on solid note
Positive growth and inflation surprises helped the major benchmarks round out a solid quarter on a high note, with the S&P 500 Index recording its best weekly gain since the end of March. The rally also broadened, with small-caps and value shares outperforming, and the equal-weighted S&P 500 Index handily outpacing its market-weighted counterpart. The technology-heavy Nasdaq Composite remained well ahead of the other benchmarks for the year-to-date, however, ending the week with a six-month gain of nearly 32%, its best start to the year since 1983. [more...]
Major Index Performance
| Dow Jones | |
|---|---|
| Last Close | 33922.3 |
| Wk. Gain | -1.3 % |
| Yr. Gain | 2.42 % |
| Trend | Down |
|
|
| S&P 500 | |
|---|---|
| Last Close | 4411.59 |
| Wk. Gain | -0.87 % |
| Yr. Gain | 15.21 % |
| Trend | Up |
|
|
| NASDAQ Comp. | |
|---|---|
| Last Close | 13679 |
| Wk. Gain | -0.87 % |
| Yr. Gain | 31.93 % |
| Trend | Up |
|
|
| Russell 2000 | |
|---|---|
| Last Close | 1842.23 |
| Wk. Gain | -2.37 % |
| Yr. Gain | 4.1 % |
| Trend | Down |
|
|
Performance by Sector
| Sector | Wk. Change % | Yr. Change % | Trend |
|---|---|---|---|
| Consumer Discretionary | -1.52 | 29.43 | Up |
| Consumer Staples | 0.32 | 1.48 | Up |
| Energy | -2.67 | -8.09 | Up |
| Finance | -0.8 | -2.11 | Up |
| Health Care | -1.41 | -2.85 | Up |
| Industrials | -1.26 | 10.94 | Up |
| Technology | -1.22 | 38.18 | Up |
| Materials | -2.63 | 4.01 | Up |
| REIT | 0.59 | 1.75 | Up |
| Telecom | 0.19 | 30.95 | Up |
| Utilities | 0.78 | -7.73 | Down |
Breakouts This Week Still Within 5% of Breakout Price (Limit 20 top C Score)
| Watchlist | Symbol | Company | Industry | C Score* | % Gain |
|---|---|---|---|---|---|
| CWH | MRAM | Everspin Technologies, Inc. | Semiconductors | 82.8 % | 0.3 % |
| SQZ | IBKR | Interactive Brokers Group, Inc. | Capital Markets | 81.9 % | 1.8 % |
| SQZ | OII | Oceaneering International, Inc. | Oil & Gas Equipment & Services | 80.2 % | 1.7 % |
| SQZ | ACGL | Arch Capital Group Ltd. | Insurance - Diversified | 80.1 % | 1.1 % |
| SQZ | CHX | ChampionX Corporation | Oil & Gas Equipment & Services | 78.8 % | 0.7 % |
| SQZ | PCG | Pacific Gas & Electric Co. | Utilities - Regulated Electric | 77.8 % | 2.6 % |
| SQZ | MTRN | Materion Corporation | Other Industrial Metals & Mining | 73.9 % | 2 % |
| SQZ | HLX | Helix Energy Solutions Group, Inc. | Oil & Gas Equipment & Services | 70.8 % | 0.8 % |
| SQZ | MUSA | Murphy USA Inc. | Specialty Retail | 67.8 % | 1.3 % |
| CWH | BVH | Bluegreen Vacations Holding Corporation Class A | Resorts & Casinos | 67.4 % | 0.8 % |
| SQZ | DVA | DaVita Inc. | Medical Care Facilities | 67.1 % | 1.5 % |
| CWH | GENC | Gencor Industries, Inc. | Farm & Heavy Construction Machinery | 61.1 % | 0.8 % |
| SQZ | GFL | GFL Environmental Inc. | Waste Management | 60.6 % | 0.6 % |
| SQZ | PCGU | Pacific Gas & Electric Co | Utilities - Regulated Electric | 39 % | 1.2 % |
| *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 | AROC | Archrock, Inc. | Oil & Gas Equipment & Services | 77.7 % | -0.8 % |
| SS | OI | O-I Glass, Inc. | Packaging & Containers | 71.9 % | -2.3 % |
| SS | MRK | Merck & Company, Inc. | Drug Manufacturers - General | 69.8 % | -1.7 % |
| SS | HRMY | Harmony Biosciences Holdings, Inc. | Biotechnology | 69.6 % | -1.9 % |
| SS | CASS | Cass Information Systems, Inc. | Specialty Business Services | 65.7 % | -2.3 % |
| SS | ASR | Grupo Aeroportuario del Sureste, S. A. B. de C. V. | Airports & Air Services | 64.5 % | -2.2 % |
| SS | IBCP | Independent Bank Corporation | Banks - Regional | 64 % | -2.7 % |
| SS | AR | Antero Resources Corporation | Oil & Gas E&P | 62.7 % | -0.4 % |
| SS | MCRI | Monarch Casino & Resort, Inc. | Resorts & Casinos | 62 % | -3.1 % |
| SS | EBF | Ennis, Inc. | Business Equipment & Supplies | 61.6 % | -0.2 % |
| SS | COP | ConocoPhillips | Oil & Gas E&P | 59.8 % | -1.9 % |
| SS | PVH | PVH Corp. | Apparel Manufacturing | 59.5 % | -0 % |
| SS | IVR | Invesco Mortgage Capital Inc. | Banks - Global | 57.5 % | -1.2 % |
| SS | FORG | ForgeRock, Inc. | Software - Infrastructure | 55.9 % | -0.6 % |
| SS | ATEN | A10 Networks, Inc. | Software - Infrastructure | 55.4 % | -2.4 % |
| SS | BE | Bloom Energy Corporation Class A | Electrical Equipment & Parts | 53.4 % | -1.8 % |
| SS | GRTX | Galera Therapeutics, Inc. | Biotechnology | 51.2 % | -3 % |
| SS | GES | Guess?, Inc. | Apparel Retail | 50.6 % | -0.2 % |
| SS | FRGI | Fiesta Restaurant Group, Inc. | Restaurants | 48.6 % | -4.4 % |
| SS | TAL | TAL Education Group | Education & Training Services | 46.6 % | -4 % |
| SS | SNDX | Syndax Pharmaceuticals, Inc. | Biotechnology | 42.5 % | -1.6 % |
| *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. | |||||
High Tight Flag Chart of the Week
Opera Limited (OPRA) Opera gained 117% in 30 sessions and has a relative strength Rank of 99. High flying stocks can fly higher and Opera is climbing again after some recent profit taking.
