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Internet 2023-07-17: Unchanged at "Strong" strength rating (4th strongest of 9 levels), previous move was up

Brian Degracia

• 1 min read
Internet 2023-07-17: Unchanged at "Strong" strength rating (4th strongest of 9 levels), previous move was up
Internet for the trading week ending 2023-07-17. Only Internet Information Providers is sizable with 32 stocks.

With only three sub-industries of which two are small, this industry is really the tale of Internet Information Providers which includes Google and Meta. Far behind these market cap giants is BKNG/Booking Holdings, then well below that are DASH/Doordash, SNAP/Snap Inc., ZM/Zoom Video Communications, and EXPE/Expedia. This sub-industry is Strong.

Internet Information Providers has strengthened over the past eight weeks.

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.

Only two Weakest stocks to offset 18 Strongest stocks - in Internet Service Providers, what could be making WB/Weibo and SOHU/Sohu.com such laggards? Five of eight Internet Software & Services stocks have the Strongest rating.

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