Internet 2023-09-14: Unchanged at "AVERAGE" strength rating (5th strongest of 9 levels), previous move was DOWN

Brian Degracia

14 Sep 2023 • 2 min read

Internet for the trading week ending 2023-09-14. Industry unchanged as 1 sub-industry weakened.

SUMMARY

Performance

Bottom line: effectively flat for 10 weeks (1 week up/down 10 and 5 weeks ago)
Context: slightly weaker recently vs. YTD
- 68% positive stocks YTD
- 63% positive stocks past 4 weeks

Background

Largest of 3 Sub-industries (41 stocks total):
- 32 stocks Internet Information Providers
10 Biggest Market Cap stocks: GOOG, META, BKNG, EQIX, DASH, GIB, ZM, PINS, AKAM, EXPE

DETAIL: 1 week review, YTD/4 weeks lookbacks

1 Week Review

Strengthened: 0/3 sub-industries
Weakened: 1/3 sub-industries

Strongest at Average/5th strongest (of 9 levels) rating: Internet Information Providers
Weakest at Weak/6th strongest rating: Internet Software & Services (excluding Internet Service Providers with only 1 stock)

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 driven by Internet Information Providers.

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.)