Breakoutwatch Weekly Summary 10/15/2024

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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 43093
Wk. Gain 2.55 %
Yr. Gain 14.71 %
Trend Up
Dow Jones
S&P 500
Last Close 5864.98
Wk. Gain 2.55 %
Yr. Gain 23.6 %
Trend Up
S&P 500
NASDAQ Comp.
Last Close 18510.2
Wk. Gain 2.73 %
Yr. Gain 24.45 %
Trend Up
NASDAQ Comp.
Russell 2000
Last Close 18510.2
Wk. Gain 24.45 %
Yr. Gain 819.53 %
Trend Up
Russell 2000

Performance by Sector

Sector Wk. Change % Yr. Change % Trend
Consumer Discretionary 0.13 10.49 Down
Consumer Staples 1.09 13.76 Down
Energy 2.38 9.57 Up
Finance 3.58 24.12 Up
Health Care 1.84 13.46 Down
Industrials 2.49 21.82 Up
Technology 2.75 27.17 Up
Materials 2.38 12.46 Up
REIT 1.13 8.29 Down
Telecom 0.74 25.4 Up
Utilities 1.3 26.75 Down

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

Watchlist Symbol Company Industry C Score* % Gain
SQZ CVLT Commvault Systems, Inc. Utilities - Renewable 74.1 % 2.8 %
SQZ ESOA Energy Services of America Corporation Discount Stores 72.7 % 1.7 %
SQZ PRMW Primo Water Corporation Shell Companies 71.4 % 1.5 %
SQZ UTHR United Therapeutics Corporation Biotechnology 69.8 % 0.4 %
SQZ MLR Miller Industries, Inc. Specialty Retail 69.6 % 0.6 %
SQZ FEIM Frequency Electronics, Inc. Utilities - Regulated Water 69.2 % 3.6 %
SQZ ALNY Alnylam Pharmaceuticals, Inc. Biotechnology 69.1 % 1.7 %
SQZ INOD Innodata Inc. Utilities - Regulated Electric 68.6 % 3.1 %
SQZ GS Goldman Sachs Group, Inc. Beverages - Non-Alcoholic 68.5 % 1.2 %
CWH RL Ralph Lauren Corporation Leisure 68.2 % 3 %
CWH ITRI Itron, Inc. Biotechnology 67.1 % 0.5 %
SQZ CDNA CareDx, Inc. Biotechnology 67.1 % 2.5 %
SQZ LMAT LeMaitre Vascular, Inc. Other Precious Metals & Mining 66.7 % 1.9 %
SQZ BRO Brown & Brown, Inc. Beverages - Brewers 66.2 % 1.1 %
SQZ MTG MGIC Investment Corporation Discount Stores 65.4 % 0.5 %
DB SMBC Southern Missouri Bancorp, Inc. Household & Personal Products 65.1 % 1.1 %
SQZ LGND Ligand Pharmaceuticals Inco Biotechnology 64.8 % 0.5 %
DB EWBC East West Bancorp, Inc. Education & Training Services 64 % 4.3 %
SQZ AXS Axis Capital Holdings Limited Discount Stores 64 % 0.4 %
SQZ DXPE DXP Enterprises, Inc. Electronics & Computer Distribution 63.7 % 0.3 %
*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 EGY VAALCO Energy, Inc. Oil & Gas Drilling 64.1 % -1.8 %
SS IOVA Iovance Biotherapeutics, Inc. Biotechnology 61.4 % -1.8 %
SS NMR Nomura Holdings Inc Beverages - Non-Alcoholic 56.6 % -1.8 %
SS M Macy's Inc Travel Services 40 % -1.6 %
*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 Veeco Instruments Inc. Biotechnology 27.00 57.1
NYCB 53
VKTX 36.3
TPC 73.7
VERA 47.30 Vera Therapeutics, Inc. Biotechnology 94.00 89.18 38.2
APGE 60.82 Apogee Therapeutics, Inc. Biotechnology 94.00 91.76 37.6
BBAR 59.2
MHO 67.6
MHK 161.38 Mohawk Industries, Inc. Packaged Foods 88.00 98.02 60.8
MAX 36.3
KKR 38.7
ZYME 38.5
HMST 16.10 HomeStreet, Inc. Household & Personal Products 88.00 93.54 37.2
EVR 74.4
TBBK 71.1
TARS 40.9
PRIM 69.3
SLNO 37.2
SKYH 31.7
BLBD 37.4
QNST 61.9
WING 433.86 Wingstop Inc. Residential Construction 85.00 91.98 37.1
BSRR 62.4
CHWY 33.18 Chewy, Inc. Personal Services 91.00 85.74 36.5
RYTM 35.5
FISI 68.4
OSPN 16.68 OneSpan Inc. Utilities - Regulated Gas 88.00 95.41 63.5
EXP 66.5
ESQ 38.7
DASH 38.5
RBB 36.5
PEGA 71.5
ATGE 66.3
AFRM 39.5
PRK 65.3
TMHC 33.1
NVEI 35.2
CALM 71.4
CBAN 56.6
MTH 62.5
ABCB 71.2
FITB 60.2
ITRI 67.1
COOP 37.7
WEAV 13.38 Weave Communications, Inc. Utilities - Renewable 86.00 97.76 38.4
MC 33.6
CVCO 65.4
EQBK 36.8
RH 37.5
DFH 28.7
FTNT 65.5
CNO 63.6
FFIN 64.2
RYAN 37
MCB 37.3
VFC 21.40 V.F. Corporation Leisure 84.00 90.47 52.3
BWB 37.3
SSB 61.3
VBTX 34.7
ARGX 36.1
MTB 54.9
*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.

Cup and Handle Chart of the Week

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