Financial Services 2023-09-15: Unchanged at AVERAGE strength rating (5th strongest of 9 levels), previous move was DOWN

Brian Degracia

15 Sep 2023 • 2 min read

Financial Services for the trading week ended 2023-09-15, industry unchanged as 1/5 sub-industries strengthened and 1/5 sub-industries weakened.

SUMMARY

Performance

Bottom line: down over the past 6 weeks
Context: slight weakening recently vs. YTD
- 66% positive stocks YTD
- 61% positive stocks past 4 weeks

Background

Largest of 5 sub-industries (129 stocks total):
48 stocks Asset Management
40 stocks Diversified Investments
10 Biggest Market Cap stocks: MS, AXP, GS, SCHW, BLK, BX, CME, PYPLE, ICE, KKR

DETAIL: 1 week review, YTD/4 weeks lookbacks

1 Week Review

Strengthened: 1/5 sub-industries
Weakened: 1/5 sub-industries

Strongest at Strong/4th strongest (of 9 levels) rating: Investment Brokerage - National, Investment Brokerage - Regional
Weakest at Average/5th strongest rating:
- Asset Management
- Credit Services
- Diversified Investments

10-Week Week-by-Week Industry/Sub-industry Strength Comparison
What: recent week-by-week strength changes for the industry and each underlying sub-industry
Why: objective measurement of strengthening and weakening enabling comparison within and across industries and sub-industries

The industry is 1 level weaker than it was 10 weeks ago.

Strongest and Weakest Stocks
What: stocks currently rated Strongest/Weakest (highest/lowest of 9 strength ratings)
Why: most interesting stocks for available capital because
- the Strongest may be meme-stock mania candidates prone to breakouts, and
- the Weakest may be prone to large bottom-fishing/short-covering-driven pops... and may also be primed for bigger and faster falls. (Not guaranteed and not a recommendation - weak stocks in weakening sub-industries may be better shorts than high-flyers.)