Breakoutwatch Weekly Summary 07/10/2024

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Contents

Market Summary

Exceptionally narrow advance continues on falling interest rates

The S&P 500 Index continued to climb to record highs, although the market’s gains remained notably narrow. As measured by Russell 1000 indexes, growth shares outperformed value stocks by 415 basis points (4.15 percentage points), while the small- and mid-cap benchmarks recorded losses. [more...]

Major Index Performance

Dow Jones
Last Close 39292
Wk. Gain -0.05 %
Yr. Gain 4.59 %
Trend Up
Dow Jones
S&P 500
Last Close 5577
Wk. Gain 0.7 %
Yr. Gain 17.53 %
Trend Up
S&P 500
NASDAQ Comp.
Last Close 18429
Wk. Gain 1.25 %
Yr. Gain 23.9 %
Trend Up
NASDAQ Comp.
Russell 2000
Last Close 2029
Wk. Gain -0.15 %
Yr. Gain 0.79 %
Trend Up
Russell 2000

Performance by Sector

Sector Wk. Change % Yr. Change % Trend
Consumer Discretionary 0.55 5.92 Up
Consumer Staples 0.35 6.85 Down
Energy -2.81 5.54 Up
Finance 0.24 10.09 Up
Health Care 1.05 6.11 Down
Industrials -0.82 6.32 Down
Technology 0.87 25.24 Up
Materials -0.59 1.05 Down
REIT 0.38 -4.87 Down
Telecom 1.45 20.73 Up
Utilities 0.26 9.18 Down

Breakouts This Week Still Within 5% of Breakout Price (Limit 20 top C Score)

Watchlist Symbol Company Industry C Score* % Gain
CWH MMYT MakeMyTrip Limited Textile Manufacturing 84.5 % 1.7 %
CWH PLTR Palantir Technologies Inc. Utilities - Regulated Gas 83.8 % 3.1 %
SQZ MELI MercadoLibre, Inc. Personal Services 80.1 % 3.8 %
SQZ META Meta Platforms, Inc. Grocery Stores 80 % 4 %
SQZ MEDP Medpace Holdings, Inc. Apparel Manufacturing 78.5 % 1.3 %
CWH IBN ICICI Bank Limited Household & Personal Products 77.3 % 0.7 %
CWH TGTX TG Therapeutics, Inc. Biotechnology 77.2 % 2.2 %
SQZ AXON Axon Enterprise, Inc. Drug Manufacturers - General 76.9 % 0 %
SQZ KB KB Financial Group Inc Household & Personal Products 75 % 3.2 %
SQZ BAH Booz Allen Hamilton Holding Corporation Semiconductors 73.8 % 1 %
SQZ IDCC InterDigital, Inc. Specialty Chemicals 73.3 % 0.7 %
CWH MIRM Mirum Pharmaceuticals, Inc. Biotechnology 72.3 % 3.3 %
SQZ ONTO Onto Innovation Inc. Utilities - Renewable 72.2 % 0.9 %
SQZ KTOS Kratos Defense & Security Solutions, Inc. Packaged Foods 71.7 % 0.4 %
SQZ ICLR ICON plc Gold 71.6 % 1 %
HTF ENVX Enovix Corporation Biotechnology 71.3 % 0.6 %
SQZ GS Goldman Sachs Group, Inc. Beverages - Non-Alcoholic 71 % 1.5 %
SQZ UBER Uber Technologies, Inc. Utilities - Renewable 70.4 % 0.1 %
SQZ SRDX Surmodics, Inc. Drug Manufacturers - General 69.3 % 0.5 %
SQZ SPNS Sapiens International Corporation N.V. Utilities - Renewable 68.1 % 2.5 %
*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.

Breakdowns within 5% of Breakdown Price

Watchlist Symbol Company Industry C Score* % Loss
SS VRT Vertiv Holdings, LLC Class A Utilities - Regulated Gas 68.1 % -0.6 %
SS RAMP LiveRamp Holdings, Inc. Utilities - Regulated Gas 62.1 % -0.6 %
SS AXTI AXT Inc Advertising Agencies 58.2 % -0.6 %
SS CRM Salesforce, Inc. Utilities - Renewable 56.9 % -2.8 %
SS FUBO fuboTV Inc. Steel 42.5 % -3.9 %
*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.