Breakoutwatch Weekly Summary 10/14/2024

You are receiving this email because you are or were a BreakoutWatch.com subscriber, or have subscribed to our weekly newsletter.
To read this newsletter on the site, click here: Newsletter .

Contents

Market Summary

Stocks reach new highs as earnings season kicks off

The S&P 500 Index, Dow Jones Industrial Average, and S&P MidCap 400 Index all moved to record highs over the week, helped by some upside surprises to kick off earnings season. Shares in JPMorgan Chase and Wells Fargo rose on Friday after the banking giants reported smaller-than-feared declines in third-quarter profits, while the former managed a small increase in revenues. [more...]

Major Index Performance

Dow Jones
Last Close 42863.9
Wk. Gain INF %
Yr. Gain 14.1 %
Trend Up
Dow Jones
S&P 500
Last Close 5815.03
Wk. Gain INF %
Yr. Gain 22.55 %
Trend Up
S&P 500
NASDAQ Comp.
Last Close 18342.9
Wk. Gain INF %
Yr. Gain 23.32 %
Trend Up
NASDAQ Comp.
Russell 2000
Last Close 18342.9
Wk. Gain 23.32 %
Yr. Gain 811.22 %
Trend Up
Russell 2000

Performance by Sector

Sector Wk. Change % Yr. Change % Trend
Consumer Discretionary 5359.36 5951.37 Down
Consumer Staples 9531.35 9450.11 Down
Energy 14937.63 23489.12 Up
Finance 18773.24 24996.32 Up
Health Care 8135.49 9425.32 Down
Industrials 11752.48 12601.96 Up
Technology 8271.17 8271.17 Up
Materials 14655.77 14655.77 Up
REIT 19591.79 19591.79 Down
Telecom 20935.44 20935.44 Up
Utilities 12901.77 12901.77 Down

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 0 Western Digital Corporation Utilities - Diversified 48.00 56.7
NYCB 53.9
VKTX 38.6
TPC 73.7
VERA 47.30 Vera Therapeutics, Inc. Biotechnology 95.00 90.32 40.9
APGE 60.82 Apogee Therapeutics, Inc. Biotechnology 93.00 93.62 38.2
BBAR 61.2
MHO 173.69 M/I Homes, Inc. Apparel Retail 88.00 93.74 70.3
MHK 161.38 Mohawk Industries, Inc. Packaged Foods 90.00 97.47 61.1
MAX 36.4
KKR 40.7
ZYME 13.27 Zymeworks Inc. Biotechnology 90.00 99.47 40.1
HMST 16.10 HomeStreet, Inc. Household & Personal Products 90.00 94.97 37.7
EVR 72.8
TBBK 71
TARS 40.5
PRIM 71.7
SLNO 38.1
SKYH 13.25 Sky Harbour Group Corporation Class A Apparel Retail 85.00 85.21 39.1
BLBD 36
QNST 20.91 QuinStreet, Inc. Gold 89.00 92.68 62.2
WING 433.86 Wingstop Inc. Residential Construction 88.00 93.08 38
BSRR 61.7
CHWY 33.18 Chewy, Inc. Personal Services 86.00 87.7 37.6
RYTM 38.2
FISI 68.1
OSPN 16.68 OneSpan Inc. Utilities - Regulated Gas 88.00 94.06 63.4
EXP 68.1
ESQ 38.1
DASH 39.4
RBB 36.5
PEGA 71.7
ATGE 77.83 Adtalem Global Education Inc. Specialty Chemicals 83.00 94.17 64.4
AFRM 39.7
PRK 65.7
TMHC 33.4
NVEI 35.1
CALM 72.4
CBAN 55.4
MTH 62.1
ABCB 70.1
FITB 58.7
ITRI 109.56 Itron, Inc. Biotechnology 84.00 98.85 66.8
COOP 36.4
WEAV 13.38 Weave Communications, Inc. Utilities - Renewable 87.00 98.95 41.4
MC 71.34 Moelis & Company Class A Beverages - Non-Alcoholic 81.00 96.69 33.9
CVCO 63.2
EQBK 35.3
RH 37.9
DFH 31.3
FTNT 66.3
CNO 62.6
FFIN 63.4
RYAN 37.8
MCB 39
VFC 21.40 V.F. Corporation Leisure 88.00 95 55.7
BWB 36.5
SSB 61.4
VBTX 37.1
ARGX 35.7
MTB 55.4
*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.