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Electronics 2023-07-13: +1 to "Stronger" strength rating (3rd strongest of 9 levels), previous move was down

Brian Degracia

• 1 min read
Electronics 2023-07-13: +1 to "Stronger" strength rating (3rd strongest of 9 levels), previous move was down
Electronics for the trading week ending 2023-07-13. Improvement in half the sub-industries, no change in the others.

Broad Line Semiconductors made the big move to achieve the "Strongest" Rating. This is the home of Intel, AMD, Broadcom, and Texas Instruments. Circuit Boards and Memory Chips are right behind with "Very Strong" ratings. Note that Memory Chips had the Strongest rating three weeks ago but fell and is holding at Very Strong. The weakest rating is still "Strong" for the Specialized Semiconductor sub-industry.

Overall Electronics strength is evident looking at where all the sub-industries are and have been.

Broad Line and Specialized Semiconductors - a closer look

Specialized Semiconductors is the home of everyone's favorite AI darling NVDA which is at all-time highs.

Some rightward/strengthening movement over the past week though there are many stocks that were already at the Strongest rating, including NVDA, AMD, AVGO, and INTC.

Leaders and Laggards

Current strongest and weakest stocks are shown below. These are of most interest as the downtrodden are prone to large (if perhaps temporary) pops while the strongest have been leading the charge for their sub-industries.

When will the four laggards finally join the party? IVAC, MEI, TSEM, and SPWR remain curiously weak as the rest of the industry has been strengthening. Does the market have these four wrong?

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