Electronics (Semiconductors) strength status as of 2023-05-09?
Here's a follow-up to my previous Electronics-focused post. After the close today May 9, 2023, Electronics was unchanged over the past week and has a Weak strength rating (The lowest rating is Weakest, above that is Very Weak, then Weak). The industry micro-summary for context:
Moves of Note
Faro Technologies/FARO imploded to the tune of -45%, but note it was already rated "Weakest" prior to the week. Also, its sub-industry Electronics - Scientific & Technical Instruments was "unchanged" and "weakened" for the prior two weeks going into this past week so these stocks would have been automatically "no-go."
Although there are only four component stocks so not a large sample, Semis - Memory Chips have had two good weeks, led by Everspin Technologies/MRAM and Rambus Inc./RMBS.
Here's the summary by sub-industry:
Semiconductor - Broad Line stocks have now been up two straight weeks after being down three weeks. More strong weeks ahead? I have no idea, but this statement is logical:
Said another way - you can't get to 100% returns without first returning 10%. Why not look for stocks that have gone up, then look for supporting conditions that could fuel an individual stock's move up to 100%+ returns?
Corollary: you won't find what you aren't looking for.
With this in mind, here is a look at the comparative strength of the component Semiconductor - Broad Line stocks:
Downloadable Report
The detailed industry report from which the above screen shots were taken is available at the following link: