Manufacturing 2023-07-19: Unchanged at "Stronger" strength rating (3rd strongest of 9 levels), previous move was up

Brian Degracia

20 Jul 2023 • 1 min read

Manufacturing for the trading week ending 2023-07-19. Pollution & Treatment Controls is the lone wolf, slightly stronger than the remaining sub-industries and the industry overall.

There are NO Weakest stocks of the 126 that make up this industry. Manufacturing has been flat for the past four weeks but has strengthened over the past seven. This is the home of DHR/Danaher Corp., CAT/Caterpillar, DE/Deere & Co., ETN/Eaton Corporation, and ITW/Illinois Tool Works (these are the largest five by market cap, generally between $75 billion and $175 billion). The largest sub-industries are Diversified Machinery with 35 stocks, Industrial Electrical Equipment with 23 stocks, and Industrial Equipment & Components with 20 stocks.

A weakening last week in the biggest sub-industry Diversified Machinery, while several others have been flat for the past six 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.

Leaders and Laggards

Sign up for more like this.