Breakoutwatch Weekly Summary 10/07/2024

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Contents

Market Summary

Surprise job gains help stocks overcome Middle East worries

A late rally helped large-cap stocks notch their fourth consecutive weekly gain despite growing tensions in the Middle East and news of a dockworkers’ strike at Eastern seaports. While weighing on sentiment generally, the prospect of a wider war in the Middle East sent oil prices to their highest level in about a month, benefiting energy shares. Conversely, the Middle East worries appeared to weigh on cruise line stocks and the consumer discretionary sector. Nike also fell sharply on Wednesday, after the company withdrew its full-year sales guidance. [more...]

Major Index Performance

Dow Jones
Last Close 42352.8
Wk. Gain 0.54 %
Yr. Gain 12.74 %
Trend Up
Dow Jones
S&P 500
Last Close 5751.07
Wk. Gain 0.93 %
Yr. Gain 21.2 %
Trend Down
S&P 500
NASDAQ Comp.
Last Close 18137.8
Wk. Gain 1.52 %
Yr. Gain 21.94 %
Trend Down
NASDAQ Comp.
Russell 2000
Last Close 18137.8
Wk. Gain 21.94 %
Yr. Gain 801.03 %
Trend Up
Russell 2000

Performance by Sector

Sector Wk. Change % Yr. Change % Trend
Consumer Discretionary 5216.82 5883.7 Up
Consumer Staples 9423.65 9343.33 Down
Energy 14769.49 23225.36 Up
Finance 18562.21 24715.71 Up
Health Care 8043.4 9318.81 Down
Industrials 11619.95 12459.93 Up
Technology 8177.56 8177.56 Up
Materials 14490.78 14490.78 Up
REIT 19371.6 19371.6 Down
Telecom 20700.23 20700.23 Up
Utilities 12756.39 12756.39 Up

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

Watchlist Symbol Company Industry C Score* % Gain
*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.

Cup and Handle Stocks Likely to Breakout next Week

Symbol BoP Company Industry Relative Strength Rank Within x% of BoP C Score*
LUMN 7.58 Lumen Technologies, Inc. Specialty Chemicals 99.00 89.45 59.4
NYCB 12.42 New York Community Bancorp, Inc. Household & Personal Products 97.00 87.76 56.7
VKTX 72.36 Viking Therapeutics, Inc. Biotechnology 97.00 89.77 39.8
TPC 74.3
VERA 47.30 Vera Therapeutics, Inc. Biotechnology 95.00 86.34 41.5
APGE 60.82 Apogee Therapeutics, Inc. Biotechnology 93.00 89.58 38.7
BBAR 12.40 Banco BBVA Argentina S.A. Household & Personal Products 94.00 89.76 61
MHO 173.69 M/I Homes, Inc. Apparel Retail 90.00 95.41 71.7
MHK 161.38 Mohawk Industries, Inc. Packaged Foods 91.00 95.7 64.6
MAX 18.51 MediaAlpha, Inc. Packaged Foods 91.00 97.57 39.9
KKR 134.85 KKR & Co. Inc. Packaged Foods 92.00 98.84 42.3
ZYME 13.27 Zymeworks Inc. Biotechnology 90.00 94.72 39.9
HMST 16.10 HomeStreet, Inc. Household & Personal Products 90.00 94.16 38.7
EVR 75.7
TBBK 54.97 The Bancorp, Inc. Household & Personal Products 91.00 98.18 75.1
TARS 39.3
PRIM 60.27 Primoris Services Corporation Grocery Stores 91.00 99.05 72.8
SLNO 55.56 Soleno Therapeutics, Inc. Biotechnology 86.00 89.33 39.2
SKYH 13.25 Sky Harbour Group Corporation Class A Apparel Retail 86.00 84.68 38.8
BLBD 35.6
QNST 20.91 QuinStreet, Inc. Gold 88.00 91.49 65.1
WING 433.86 Wingstop Inc. Residential Construction 88.00 95.65 38.7
BSRR 31.83 Sierra Bancorp Household & Personal Products 83.00 86.46 61.5
CHWY 33.18 Chewy, Inc. Personal Services 89.00 87.46 38.2
RYTM 55.64 Rhythm Pharmaceuticals, Inc. Biotechnology 88.00 89.2 39.3
FISI 27.00 Financial Institutions, Inc. Household & Personal Products 83.00 91.74 68.3
OSPN 16.68 OneSpan Inc. Utilities - Regulated Gas 83.00 88.91 64.9
EXP 293.00 Eagle Materials Inc Telecom Services 86.00 96.51 69.3
ESQ 39.4
DASH 146.36 DoorDash, Inc. Insurance - Specialty 89.00 98.98 39.8
RBB 24.00 RBB Bancorp Household & Personal Products 85.00 93.79 38.8
PEGA 74.40 Pegasystems Inc. Utilities - Renewable 87.00 96.88 74.5
ATGE 77.83 Adtalem Global Education Inc. Specialty Chemicals 82.00 93.92 65.3
AFRM 47.98 Affirm Holdings, Inc. Utilities - Regulated Gas 88.00 82.03 35.7
PRK 67
TMHC 71.95 Taylor Morrison Home Corporation Apparel Retail 84.00 94.18 37.2
NVEI 33.48 Nuvei Corporation Utilities - Regulated Gas 84.00 99.64 39.5
CALM 72.1
CBAN 15.96 Colony Bankcorp, Inc. Household & Personal Products 82.00 94.05 56.6
MTH 213.98 Meritage Homes Corporation Apparel Retail 84.00 92.55 67.2
ABCB 65.40 Ameris Bancorp Household & Personal Products 84.00 94.36 71.1
FITB 43.85 Fifth Third Bancorp Household & Personal Products 81.00 96.01 59.1
ITRI 108.51 Itron, Inc. Biotechnology 82.00 96.7 70.2
COOP 96.00 Mr. Cooper Group Inc. Farm Products 83.00 95.19 37
WEAV 13.09 Weave Communications, Inc. Utilities - Renewable 86.00 99.31 41.8
MC 71.34 Moelis & Company Class A Beverages - Non-Alcoholic 81.00 96.29 37.3
CVCO 444.90 Cavco Industries, Inc. Apparel Retail 83.00 94.92 64.2
EQBK 36.7
RH 350.29 RH Footwear & Accessories 82.00 95.02 39.4
DFH 34.1
FTNT 78.50 Fortinet, Inc. Utilities - Regulated Gas 80.00 99.38 65.8
CNO 35.63 CNO Financial Group, Inc. Grocery Stores 84.00 98.15 66.5
FFIN 63.4
RYAN 41.4
MCB 39.5
VFC 57.4
BWB 36
SSB 102.82 SouthState Corporation Household & Personal Products 80.00 93.79 64.3
VBTX 38.3
ARGX 37.3
MTB 180.64 M&T Bank Corporation Household & Personal Products 81.00 98.95 58.2
*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.

Cup and Handle Chart of the Week

There were no cup and handle stocks meeting our breakout model criteria this week.