Breakoutwatch Weekly Summary 10/17/2024

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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
Wk. Gain -100 %
Yr. Gain -100 %
Trend Down
Dow Jones
S&P 500
Last Close
Wk. Gain -100 %
Yr. Gain -100 %
Trend Down
S&P 500
NASDAQ Comp.
Last Close 18367.1
Wk. Gain 0.82 %
Yr. Gain 23.48 %
Trend Down
NASDAQ Comp.
Russell 2000
Last Close 18367.1
Wk. Gain 23.48 %
Yr. Gain 812.42 %
Trend Down
Russell 2000

Performance by Sector

Sector Wk. Change % Yr. Change % Trend
Consumer Discretionary 5394.85 5959.35 Down
Consumer Staples 9544.05 9462.71 Down
Energy 14957.47 23520.24 Down
Finance 18798.14 25029.43 Down
Health Care 8146.35 9437.88 Down
Industrials 11768.12 12618.72 Down
Technology 8282.21 8282.21 Down
Materials 14675.24 14675.24 Down
REIT 19617.77 19617.77 Down
Telecom 20963.19 20963.19 Down
Utilities 12918.93 12918.93 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 TD SYNNEX Corporation Household & Personal Products 59.00 55.1
NYCB 52.9
VKTX 36.5
TPC 73.7
VERA 47.30 Vera Therapeutics, Inc. Biotechnology 94.00 85.01 37.8
APGE 60.82 Apogee Therapeutics, Inc. Biotechnology 91.00 90.23 37
BBAR 59.6
MHO 68.3
MHK 61.4
MAX 36.9
KKR 39.1
ZYME 39.7
HMST 16.10 HomeStreet, Inc. Household & Personal Products 90.00 93.66 38
EVR 73.8
TBBK 71.5
TARS 42.8
PRIM 69.7
SLNO 37.6
SKYH 33
BLBD 36.4
QNST 62.4
WING 433.86 Wingstop Inc. Residential Construction 86.00 90.59 37.1
BSRR 61.7
CHWY 35.8
RYTM 36.5
FISI 68.5
OSPN 16.68 OneSpan Inc. Utilities - Regulated Gas 89.00 93.47 63.7
EXP 66.4
ESQ 39.1
DASH 38.1
RBB 37.8
PEGA 72.2
ATGE 65.5
AFRM 39.6
PRK 66.4
TMHC 33.7
NVEI 33.50 Nuvei Corporation Utilities - Regulated Gas 84.00 99.88 36.1
CALM 71.9
CBAN 56.2
MTH 63
ABCB 71.5
FITB 59.6
ITRI 67.3
COOP 36.8
WEAV 40.5
MC 34.4
CVCO 64.1
EQBK 36.6
RH 350.29 RH Footwear & Accessories 80.00 95.73 38.6
DFH 30
FTNT 66.1
CNO 63.2
FFIN 64.1
RYAN 38.2
MCB 39
VFC 21.40 V.F. Corporation Leisure 87.00 91.07 52.8
BWB 37.5
SSB 62.1
VBTX 36
ARGX 36
MTB 55.8
*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.