Leisure 2023-12-18: UP +1 to STRONG strength rating (4th strongest of 9 levels), previous move was also UP
Leisure update - 1 month NCLH +39%, 1 week 84% stocks positive, MSC/LIND +28%/22%.
Full details available in downloadable report linked below.
What are you seeing here and why do you care? Partial listing:
🔹 An objective measurement of industry strengthening and weakening so you can objectively compare strength and weakness across/within industries and sub-industries.
🔹 A listing of stocks rated Strongest and Weakest (highest/lowest strength of 9 levels) by sub-industry, saving you significant time finding stocks that may be prone to making bigger moves faster. Stronger stocks have less overhead resistance, Weaker stocks are prone to “pops” from bargain hunting and short-covering yet due to preceding weakness are also prone to falling far and fast.
Background
Largest of 7 sub-industries (81 stocks, average 12):
- Restaurants (35 stocks)
- Resorts & Casinos (22 stocks)
- Lodging (9 stocks)
Top 10 Market Cap stocks: MCD/McDonalds Corp, SBUX/Starbucks Corporation, MAR/Marriott Internat Inc A, CMG/Chipotle Mexican Grill, HLT/Hilton Worldwide Holdings Inc, LVS/Las Vegas Sands, YUM/Yum! Brands Inc, YUMC/Yum China Holdings Inc, RCL/Royal Caribbean Group, QSR/Restaurant Brands International Inc.
Details
🔹 21% Strongest Stocks, 10% Weakest Stocks.
🔹 STRENGTHENING 1 Week vs. Mid- and Longer-Term // 1 week positive/negative stocks ratio is HIGHER than both 4 weeks and 3 Months (84%/80%/67% positive)
🔹 Sub-industry Overview:
STRONGEST at Stronger rating/3rd strongest of 9 levels:
- Gaming Activities (5 stocks)
WEAKEST at Weaker rating/7th strongest of 9 levels:
- Specialty Eateries (1 stock)
🔹 Lookback Periods Comparison:
3 Months: 20% stocks >+20% and 5% stocks <-20%.
___UP most:
BVH +109% (Resort/Casino)
WING +44% (Restaurants)
PLNT +43% (Sporting)
PLAY +37% (Restaurants)
EAT +32% (Restaurants)
___DOWN most:
YUMC -30% (Restaurants)
ARMK -26% (Restaurants)
CNTY -22% (Resort/Casino)
AOUT -21% (Sporting)
RSI -18% (Gaming)
4 weeks: 26% stocks >+10% and 5% stocks <-10%.
___UP most:
NCLH +39% (Resort/Casino)
LIND +36% (Lodging)
MSC +34% (Resort/Casino)
STKS +28% (Restaurants)
PLAY +27% (Restaurants)
___DOWN most:
YUMC -13% (Restaurants)
GHG -13% (Lodging)
RSI -12% (Gaming)
AOUT -11% (Sporting)
SBUX -7% (Spec Eateries)
1 Week: 9% stocks >+10% and 0% stocks <-10%.
___UP most:
MSC +28% (Resort/Casino)
LIND +22% (Lodging)
BALY +15% (Resort/Casino)
KRUS +14% (Restaurants)
STKS +14% (Restaurants)
___DOWN most:
TAST -9% (Restaurants)
CVEO -6% (Lodging)
NDLS -5% (Restaurants)
SIX -5% (Gen Entertnmt)
CPHC -5% (Gaming)