Breakoutwatch Weekly Summary 06/25/2024
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Market Summary
Stocks advance as gains appear to broaden
Stocks recorded modest gains over the shortened trading week (markets were closed Wednesday in observation of the Juneteenth holiday), helping push the S&P 500 Index to fresh all-time highs. The week also saw modest signs of a broadening and rotation in the market, with value stocks outperforming growth shares and most of the major benchmarks outperforming the technology-heavy Nasdaq Composite. Friday was a so-called triple-witching day, with roughly USD 5.5 trillion in options related to indexes, individual stocks, and exchange-traded funds set to expire, according to Bloomberg and options platform SpotGamma. [more...]
Major Index Performance
| Dow Jones
|
| Last Close
| 0 |
| Wk. Gain
| -100 % |
| Yr. Gain
| -100 % |
| Trend
| Up |
|
| S&P 500
|
| Last Close
| 0 |
| Wk. Gain
| -100 % |
| Yr. Gain
| -100 % |
| Trend
| Up |
|
| NASDAQ Comp.
|
| Last Close
| 0 |
| Wk. Gain
| -100 % |
| Yr. Gain
| -100 % |
| Trend
| Up |
|
| Russell 2000
|
| Last Close
| 2031 |
| Wk. Gain
| 0.45 % |
| Yr. Gain
| 0.89 % |
| Trend
| Down |
|
Performance by Sector
| Sector |
Wk. Change % |
Yr. Change % |
Trend |
| Consumer Discretionary |
0.19 |
2.68 |
Up |
| Consumer Staples |
1.05 |
9.12 |
Up |
| Energy |
3.59 |
9.07 |
Down |
| Finance |
1.87 |
10.21 |
Up |
| Health Care |
1.35 |
7.88 |
Up |
| Industrials |
0.72 |
8.86 |
Up |
| Technology |
-3.38 |
18.65 |
Up |
| Materials |
0.1 |
3.97 |
Down |
| REIT |
0.87 |
-3.89 |
Up |
| Telecom |
0.52 |
16.89 |
Up |
| Utilities |
2.36 |
11.64 |
Down |
Breakouts This Week Still Within 5% of Breakout Price (Limit 20 top C Score)
| Watchlist |
Symbol |
Company |
Industry |
C Score* |
% Gain |
| SQZ |
AMZN |
Amazon.com, Inc. |
Internet Retail |
73.2 % |
1.5 % |
| CWH |
HUT |
Hut 8 Corp. |
Capital Markets |
71.8 % |
2 % |
| CWH |
MIRM |
Mirum Pharmaceuticals, Inc. |
Biotechnology |
69.8 % |
3.9 % |
| SQZ |
SPOT |
Spotify Technology S.A. O |
Internet Content & Information |
69.4 % |
1.6 % |
| SQZ |
IGIC |
International General Insurance Holdings Ltd. |
Insurance - Diversified |
69.2 % |
1.3 % |
| CWH |
UHS |
Universal Health Services, Inc. |
Medical Care Facilities |
67.8 % |
0.3 % |
| SQZ |
XPO |
XPO, Inc. |
Trucking |
67.1 % |
0.3 % |
| SQZ |
CACI |
CACI International, Inc. |
Information Technology Services |
66.8 % |
0 % |
| SQZ |
BKNG |
Booking Holdings Inc. |
Travel Services |
66.7 % |
0.7 % |
| SQZ |
UFPT |
UFP Technologies, Inc. |
Medical Devices |
66.6 % |
1.3 % |
| SQZ |
MOD |
Modine Manufacturing Company |
Auto Parts |
66 % |
0.4 % |
| DB |
SYF |
Synchrony Financial |
Banks - Regional |
65.6 % |
2.6 % |
| SQZ |
LOCO |
El Pollo Loco Holdings, Inc. |
Restaurants |
65.3 % |
0.8 % |
| CWH |
XPRO |
Expro Group Holdings N.V. |
Oil & Gas Equipment & Services |
62.4 % |
2.6 % |
| SQZ |
ACLX |
Arcellx, Inc. |
Biotechnology |
59.8 % |
2.7 % |
| SQZ |
IBRX |
ImmunityBio, Inc. |
Biotechnology |
58.2 % |
1 % |
| SQZ |
R |
Ryder System, Inc. |
Rental & Leasing Services |
56.2 % |
3.5 % |
| SQZ |
GFR |
Greenfire Resources Ltd. |
Oil & Gas Exploration & Production |
55.6 % |
2 % |
| SQZ |
AIRC |
Apartment Inco |
REIT - Residential |
54.6 % |
0.1 % |
| SQZ |
LBPH |
Longboard Pharmaceuticals, Inc. |
Biotechnology |
53.3 % |
3.3 % |
| *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 |
VRT |
Vertiv Holdings, LLC Class A |
Software - Infrastructure |
67.9 % |
-2.5 % |
| SS |
MOD |
Modine Manufacturing Company |
Auto Parts |
66 % |
-1.9 % |
| SS |
RBLX |
Roblox Corporation Class A |
Electronic Gaming & Multimedia |
41.9 % |
-0.5 % |
| *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.