Breakoutwatch Weekly Summary 04/27/2024
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Market Summary
Stocks break losing streak
The S&P 500 Index and most other major benchmarks managed to snap a string of three weekly losses as investors responded to the busiest week of the first-quarter earnings reporting season. As of the end of the week, analysts polled by FactSet were expecting overall earnings for the S&P 500 to have increased 3.7% in the first quarter relative to the year before, with “both the percentage of S&P 500 companies reporting positive earnings surprises and the magnitude of earnings surprises... above their 10-year averages.” [more...]
Major Index Performance
| Dow Jones
|
| Last Close
| 38240 |
| Wk. Gain
| 0.32 % |
| Yr. Gain
| 1.79 % |
| Trend
| Down |
|
| S&P 500
|
| Last Close
| 5100 |
| Wk. Gain
| 2.27 % |
| Yr. Gain
| 7.48 % |
| Trend
| Down |
|
| NASDAQ Comp.
|
| Last Close
| 15928 |
| Wk. Gain
| 3.46 % |
| Yr. Gain
| 7.09 % |
| Trend
| Down |
|
| Russell 2000
|
| Last Close
| 2002 |
| Wk. Gain
| 2.51 % |
| Yr. Gain
| -0.53 % |
| Trend
| Down |
|
Performance by Sector
| Sector |
Wk. Change % |
Yr. Change % |
Trend |
| Consumer Discretionary |
3.17 |
-0.23 |
Down |
| Consumer Staples |
1.26 |
5.72 |
Up |
| Energy |
1.4 |
13.17 |
Up |
| Finance |
0.8 |
7.83 |
Down |
| Health Care |
0.46 |
2.25 |
Down |
| Industrials |
1.45 |
8.05 |
Down |
| Technology |
4.08 |
5.43 |
Down |
| Materials |
0.82 |
3.93 |
Down |
| REIT |
1.08 |
-8.96 |
Down |
| Telecom |
0.69 |
10.52 |
Down |
| Utilities |
1.3 |
5.27 |
Up |
Breakouts This Week Still Within 5% of Breakout Price (Limit 20 top C Score)
| Watchlist |
Symbol |
Company |
Industry |
C Score* |
% Gain |
| CWH |
HCC |
Warrior Met Coal, Inc. |
Coking Coal |
75.6 % |
1.2 % |
| SQZ |
SFM |
Sprouts Farmers Market, Inc. |
Grocery Stores |
74.3 % |
2.8 % |
| CWH |
BOOT |
Boot Barn Holdings, Inc. |
Apparel Retail |
72.4 % |
3.3 % |
| SQZ |
ALKT |
Alkami Technology, Inc. |
Software - Application |
71 % |
3.1 % |
| CWH |
PTVE |
Pactiv Evergreen Inc. |
Trucking |
67.2 % |
0.1 % |
| SQZ |
SCHW |
Charles Schwab Corporation (The) |
Capital Markets |
65.6 % |
2.1 % |
| SQZ |
RBB |
RBB Bancorp |
Banks - Regional |
65.2 % |
1.2 % |
| SQZ |
GNK |
Genco Shipping & Trading |
Marine Shipping |
62.7 % |
4.8 % |
| SQZ |
NEXA |
Nexa Resources S.A. |
Banks - Regional |
59.7 % |
1.2 % |
| SQZ |
LMNR |
Limoneira Co |
Farm Products |
58.8 % |
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 |
There were no Breakdowns still within 5% of breakdown price this week |
| *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. |
| 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
There were no cup and handle stocks meeting our breakout model criteria this week.