Breakoutwatch Weekly Summary 02/09/2024
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Market Summary
Large-cap benchmarks hit new highs, but small-caps struggle
The major indexes ended the week mixed amid a slew of significant earnings reports and economic data. The S&P 500 Index and Dow Jones Industrial Average moved to intraday highs, but the small-cap indexes recorded losses. The advance was also narrow, with an equally weighted version of the S&P 500 Index recording a modest loss. The week closed out the month of January with the S&P 500 advancing 1.6% over the month, while the equal-weight S&P 500 fell 0.90%, and the small-cap Russell 2000 Index declined nearly 4.0%. [more...]
Major Index Performance
| Dow Jones
|
| Last Close
| 0 |
| Wk. Gain
| -100 % |
| Yr. Gain
| -100 % |
| Trend
| Up |
|
| S&P 500
|
| Last Close
| 0 |
| Wk. Gain
| -100 % |
| Yr. Gain
| -100 % |
| Trend
| Up |
|
| NASDAQ Comp.
|
| Last Close
| 0 |
| Wk. Gain
| -100 % |
| Yr. Gain
| -100 % |
| Trend
| Up |
|
| Russell 2000
|
| Last Close
| 1979.7 |
| Wk. Gain
| 1.43 % |
| Yr. Gain
| -1.65 % |
| Trend
| Up |
|
Performance by Sector
| Sector |
Wk. Change % |
Yr. Change % |
Trend |
| Consumer Discretionary |
1.62 |
0.73 |
Up |
| Consumer Staples |
-0.42 |
2.67 |
Up |
| Energy |
1.89 |
-0.24 |
Up |
| Finance |
0.48 |
2.81 |
Up |
| Health Care |
1.32 |
5.51 |
Up |
| Industrials |
1.54 |
3.04 |
Up |
| Technology |
1.32 |
7.46 |
Up |
| Materials |
1.49 |
-2.86 |
Down |
| REIT |
1.14 |
-4.31 |
Down |
| Telecom |
-0.4 |
9.2 |
Up |
| Utilities |
-1.35 |
-4.72 |
Down |
Breakouts This Week Still Within 5% of Breakout Price (Limit 20 top C Score)
| Watchlist |
Symbol |
Company |
Industry |
C Score* |
% Gain |
| SQZ |
STRL |
Sterling Infrastructure, Inc. |
Biotechnology |
80.3 % |
3.4 % |
| SQZ |
STNE |
StoneCo Ltd. |
Software - Infrastructure |
80 % |
1.3 % |
| CWH |
FTNT |
Fortinet, Inc. |
Software - Infrastructure |
79.2 % |
0.7 % |
| SQZ |
CECO |
CECO Environmental Corp. |
Chemicals |
79 % |
3 % |
| SQZ |
EXPE |
Expedia Group, Inc. |
Travel Services |
77.7 % |
3.3 % |
| SQZ |
CE |
Celanese Corporation |
Chemicals |
77.6 % |
0.7 % |
| CWH |
EFX |
Equifax, Inc. |
Consulting Services |
77 % |
0.4 % |
| SQZ |
AAON |
AAON, Inc. |
Communication Equipment |
76.6 % |
4.4 % |
| SQZ |
DY |
Dycom Industries, Inc. |
Industrial Distribution |
76 % |
1.7 % |
| CWH |
SURG |
SurgePays, Inc. |
Software - Application |
74.9 % |
3.5 % |
| SQZ |
PATH |
UiPath, Inc. |
Software - Infrastructure |
74 % |
3.7 % |
| CWH |
TGLS |
Tecnoglass Inc. |
Building Materials |
73.7 % |
1.7 % |
| SQZ |
TIMB |
TIM S.A. American Depositary Shares (Each represen |
Telecom Services |
73.6 % |
0.2 % |
| CWH |
HUBB |
Hubbell Inc |
Asset Management |
73.5 % |
3.1 % |
| DB |
OLED |
Universal Display Corporation |
Electronic Components |
71.9 % |
0 % |
| CWH |
BRZE |
Braze, Inc. |
Software - Application |
70.3 % |
1.8 % |
| CWH |
CXW |
CoreCivic, Inc. |
Specialty Industrial Machinery |
70.3 % |
0.1 % |
| SQZ |
ROKU |
Roku, Inc. |
Entertainment |
70.2 % |
1.3 % |
| SQZ |
BXC |
Bluelinx Holdings Inc. |
Industrial Distribution |
70.1 % |
2.9 % |
| SQZ |
HNI |
HNI Corporation |
Gold |
69.4 % |
2.5 % |
| *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. |
Breakdowns within 5% of Breakdown Price
| Watchlist |
Symbol |
Company |
Industry |
C Score* |
% Loss |
| SS |
GFI |
Gold Fields Limited Ameri |
Gold |
69.6 % |
-3.5 % |
| SS |
OII |
Oceaneering International, Inc. |
Asset Management |
64.2 % |
-0.7 % |
| SS |
GCI |
Gannett Co., Inc. |
Publishing |
53.1 % |
-1.3 % |
| SS |
WOR |
Worthington Enterprises, Inc. |
Metal Fabrication |
26.9 % |
-0.5 % |
| SS |
YEXT |
Yext, Inc. |
Software - Infrastructure |
15.2 % |
-1.2 % |
| *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. |
| There were no CWH stocks meeting our breakout model criteria |
| *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
MKS Intruments obtained the best score in my cup and handle breakout model. Although SURG has a higher CAN SLIM score, MKSI is closer to breakout.
