Breakoutwatch Weekly Summary 01/14/2023

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Market Summary

Stocks continue good start to 2023

Stocks recorded a second consecutive week of gains as investors weighed key inflation data and quarterly earnings reporting season kicked off in earnest on Friday. The Nasdaq Composite and growth-oriented sectors outperformed, helped by rebounds in some mega-cap technology-related names, including Amazon.com, Tesla, and Microsoft. Consumer staples shares lagged. JPMorgan Chase, Wells Fargo, and Bank of America beat consensus expectations when they released earnings Friday morning, but cautious outlooks from the banking giants caused shares to fall in early trading. [more...]

Major Index Performance

Dow Jones
Last Close 34302.6
Wk. Gain 1.9 %
Yr. Gain 3.57 %
Trend Up
Dow Jones
S&P 500
Last Close 3999.09
Wk. Gain 2.26 %
Yr. Gain 4.44 %
Trend Up
S&P 500
NASDAQ Comp.
Last Close 11079.2
Wk. Gain 3.91 %
Yr. Gain 6.86 %
Trend Up
NASDAQ Comp.
Russell 2000
Last Close 1887.03
Wk. Gain 4.77 %
Yr. Gain 6.63 %
Trend Up
Russell 2000

Performance by Sector

Sector Wk. Change % Yr. Change % Trend
Consumer Discretionary 5.16 9.55 Up
REIT 4.18 6.91 Up
Technology 3.79 6.14 Up
Telecom 3.53 10.49 Up
Materials 3.5 8.19 Up
Finance 2.1 6.35 Up
Industrials 1.83 5.37 Up
Energy 1.47 4.01 Up
Utilities 0.58 0.36 Up
Health Care 0.3 0.57 Up
Consumer Staples -0.93 0.54 Up

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

Watchlist Symbol Company Industry C Score* % Gain
CWH ARCO Arcos Dorados Holdings Inc. Restaurants 87.3 % 3.7 %
SQZ TGLS Tecnoglass Inc. Building Products & Equipment 86.8 % 2.6 %
CWH MOD Modine Manufacturing Company Auto Parts 86.1 % 1.7 %
SQZ RIO Rio Tinto Plc Other Industrial Metals & Mining 85.9 % 4.7 %
SQZ MEDP Medpace Holdings, Inc. Diagnostics & Research 85.7 % 2.4 %
CWH SXC SunCoke Energy, Inc. Coking Coal 85.3 % 0.6 %
SQZ TITN Titan Machinery Inc. Industrial Distribution 85.1 % 4.4 %
SQZ FCFS FirstCash Holdings, Inc. Credit Services 83.9 % 0.2 %
SQZ FIX Comfort Systems USA, Inc. Engineering & Construction 83.3 % 2.8 %
SQZ XOM Exxon Mobil Corporation Oil & Gas Integrated 82.2 % 4.3 %
CWH CRH CRH PLC American Deposita Building Materials 81.7 % 2.5 %
CWH IBKR Interactive Brokers Group, Inc. Capital Markets 81.3 % 0.2 %
SQZ WSC WillScot Mobile Mini Holdings Corp. Rental & Leasing Services 81.2 % 0.4 %
SQZ TNP Tsakos Energy Navigation Ltd Oil & Gas Midstream 81 % 2.1 %
SQZ UFPT UFP Technologies, Inc. Packaging & Containers 80.7 % 0.9 %
SQZ AVGO Broadcom Inc. Semiconductors 80.4 % 0.1 %
CWH CAAP Corporacion America Airports SA Airports & Air Services 80.2 % 2.8 %
CWH URI United Rentals, Inc. Rental & Leasing Services 80.2 % 0.9 %
SQZ CMI Cummins Inc. Specialty Industrial Machinery 80.1 % 3.6 %
SQZ KNSL Kinsale Capital Group, Inc. Insurance - Property & Casualty 80.1 % 3.5 %
*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 SFL SFL Corporation Ltd Marine Shipping 72.8 % -0.2 %
SS AN AutoNation, Inc. Auto & Truck Dealerships 65 % -2.9 %
SS WMT Walmart Inc. Discount Stores 64.9 % -0.4 %
SS ISTR Investar Holding Corporation Banks - Regional 64.5 % -0.9 %
SS SFBC Sound Financial Bancorp, Inc. Banks - Regional 60.2 % -0.5 %
SS EXR Extra Space Storage Inc REIT - Industrial 59.1 % -0.4 %
SS SWX Southwest Gas Holdings, Inc. Utilities - Regulated Gas 52.2 % -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.

Cup and Handle Stocks Likely to Breakout at Next Session

Symbol BoP Company Industry Within x% of BoP C Score* Chart Link
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