Breakoutwatch Weekly Summary 11/22/2024
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Contents
Market Summary
Stocks return part of “Trump Trade” gains
Stocks gave back a portion of the previous week’s gains, as uncertainty over the incoming administration’s policies appeared to continue driving the so-called Trump Trade. The potential policy implications for corporate earnings were visible in the wide dispersion of sector returns, with financials and energy shares continuing to benefit from hopes for deregulation and merger approvals. Likewise, at its peak Wednesday, the price of Bitcoin had surged by nearly a third (32.46%) since the eve of the election, as investors anticipated looser regulation of digital currencies. [more...]
Major Index Performance
| Dow Jones | |
|---|---|
| Last Close | |
| Wk. Gain | -100 % |
| Yr. Gain | -100 % |
| Trend | Up |
|
|
| S&P 500 | |
|---|---|
| Last Close | |
| Wk. Gain | -100 % |
| Yr. Gain | -100 % |
| Trend | Up |
|
|
| NASDAQ Comp. | |
|---|---|
| Last Close | |
| Wk. Gain | -100 % |
| Yr. Gain | -100 % |
| Trend | Up |
|
|
| Russell 2000 | |
|---|---|
| Last Close | |
| Wk. Gain | -100 % |
| Yr. Gain | -100 % |
| Trend | Up |
|
|
Performance by Sector
| Sector | Wk. Change % | Yr. Change % | Trend |
|---|---|---|---|
| Consumer Discretionary | -0.15 | 19.65 | Up |
| Consumer Staples | 1.97 | 14.48 | Up |
| Energy | 2.27 | 15.38 | Up |
| Finance | 0.63 | 34.33 | Up |
| Health Care | 1.99 | 6.28 | Down |
| Industrials | 1.6 | 24.87 | Up |
| Technology | 2.71 | 29.56 | Up |
| Materials | 2.39 | 10.92 | Down |
| REIT | 2.29 | 8.49 | Down |
| Telecom | 1.31 | 30.94 | Up |
| Utilities | 3.31 | 29.61 | Up |
Breakouts This Week Still Within 5% of Breakout Price (Limit 20 top C Score)
| Watchlist | Symbol | Company | Industry | C Score* | % Gain |
|---|---|---|---|---|---|
| SQZ | KARO | Karooooo Ltd. | Utilities - Renewable | 71.3 % | 1.8 % |
| CWH | REPX | Riley Exploration Permian, Inc. | Biotechnology | 70.5 % | 1.3 % |
| CWH | CHWY | Chewy, Inc. | Personal Services | 69 % | 4.9 % |
| HTF | PTON | Peloton Interactive, Inc. | Lodging | 66.9 % | 1 % |
| CWH | SQ | Block, Inc. | Utilities - Regulated Gas | 65.2 % | 3 % |
| CWH | PHIN | PHINIA Inc. | Specialty Retail | 62.8 % | 0.9 % |
| *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. | |||||
Breakdowns within 5% of Breakdown Price
| Watchlist | Symbol | Company | Industry | C Score* | % Loss |
|---|---|---|---|---|---|
| SS | UFPT | UFP Technologies, Inc. | Drug Manufacturers - General | 68.3 % | -1.6 % |
| SS | PRM | Perimeter Solutions, SA O | Advertising Agencies | 63.5 % | -0.4 % |
| SS | CAMT | Camtek Ltd. | Utilities - Renewable | 56.1 % | -4.9 % |
| *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 Stocks Likely to Breakout next Week
| Symbol | BoP | Company | Industry | Relative Strength Rank | Within x% of BoP | C Score* |
|---|---|---|---|---|---|---|
| SIRI | 0 | The Bancorp, Inc. | Household & Personal Products | 82.00 | 64.4 | |
| JANX | 58.06 | Janux Therapeutics, Inc. | Biotechnology | 96.00 | 80.09 | 53.6 |
| COMP | 7.01 | Compass, Inc. | Oil & Gas Midstream | 94.00 | 96.01 | 65.4 |
| VERA | 51.61 | Vera Therapeutics, Inc. | Biotechnology | 91.00 | 91.13 | 47 |
| CHWY | 69 | |||||
| AA | 67.6 | |||||
| PHIN | 62.8 | |||||
| MMYT | 77.7 | |||||
| UIS | 8.49 | Unisys Corporation New | Utilities - Regulated Electric | 89.00 | 91.87 | 62.1 |
| AKRO | 49.4 | |||||
| UTI | 70.6 | |||||
| EGBN | 30.23 | Eagle Bancorp, Inc. | Household & Personal Products | 82.00 | 95.1 | 57.7 |
| MARA | 59.3 | |||||
| PRG | 67.9 | |||||
| REVG | 31.07 | REV Group, Inc. | Telecom Services | 82.00 | 95.98 | 67.4 |
| DELL | 141.33 | Dell Technologies Inc. | Utilities - Diversified | 85.00 | 98.29 | 67.4 |
| FISI | 28.12 | Financial Institutions, Inc. | Household & Personal Products | 82.00 | 97.65 | 61.3 |
| HTBI | 38.62 | HomeTrust Bancshares, Inc. | Household & Personal Products | 81.00 | 96.94 | 57.2 |
| BVFL | 59.8 | |||||
| FCF | 54.4 | |||||
| SQ | 65.2 | |||||
| STKL | 7.75 | SunOpta, Inc. | Insurance - Specialty | 83.00 | 99.35 | 61.4 |
| HUBS | 60.5 | |||||
| *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. | ||||||
Cup and Handle Chart of the Week
There were no cup and handle stocks meeting our breakout model criteria this week.