Media 2023-09-11: Unchanged at "WEAK" strength rating (6th strongest of 9 levels), previous move was DOWN
Bottom line: Media has generally been weakening over the past 6 weeks.
Key stocks: CMC, DIS, SPGI, CHTR, SPOT, FWONA, LYV, LBTYK, SIRI, FOXA (top 10 by market cap).
Context: The industry has been 51% positive YTD, declining significantly to only 12% positive over the past month.
One week, YTD, and one month reviews below, along with links to past reviews.
1 Week Detail
Overview
1 sub-industry strengthened and 1 sub-industry weakened (9 total).
Strongest at Strong rating (4th strongest of 9 levels):
1. Tie, Movie Production and Book Publishing (only 2 and 3 stocks, respectively)
Weakest at Very Weak rating (8th strongest):
1. Ad Services (excluding Marketing Services which only has 2 stocks)
10-Week Industry/Sub-industry Week-by-Week Comparison
Individual Stock 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.
Historical Context - YTD and 4 week Lookbacks
Standout winners and losers for different lookback periods are shown below including their sub-industries.
YTD Lookback
4 Week Lookback
