Media 2023-12-18: UNCHANGED at AVERAGE strength rating (5th strongest of 9 levels), previous move was UP
Excitement in the Media industry? No. 1 month RDIB/DISH/SGA/AMCX +29%/27%/25%/24%, 1 week 62% positive stocks.
Full details 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 9 sub-industries (56 stocks, average 6):
- Broadcasting - TV (13 stocks)
- CATV Systems (12 stocks)
- Entertainment - Diversified (10 stocks)
Top 10 Market Cap stocks: CMCSA/Comcast Corp Cl A, DIS/The Walt Disney Company, SPGI/S&P Global Inc, CHTR/Charter Communications, SPOT/Spotify Technology .A, FWONA/Liberty Media Corporation, LBTYK/Liberty Global Inc Class C, LYV/Live Nation Entertainment Inc, SIRI/Sirius XM Holdings Inc, FOXA/Fox Corporation.
Details
🔹 20% Strongest Stocks, 25% 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 (63%/61%/57% positive)
🔹 Sub-industry Overview:
STRONGEST at Strong rating/4th strongest of 9 levels:
- Broadcasting - Radio (6 stocks)
- Entertainment - Diversified (10 stocks)
- Marketing Services (2 stocks)
- Publishing - Periodicals/News (4 stocks)
WEAKEST at Weaker rating/7th strongest of 9 levels:
- Movie Production (2 stocks)
🔹 Lookback Periods Comparison:
3 Months: 23% stocks >+20% and 11% stocks <-20%.
___UP most:
AMCX +65% (CATV Systems)
HUYA +37% (Entertainment)
STGW +30% (Mktg Services)
SIRI +28% (Bcasting/Radio)
SGA +27% (Bcasting/Radio)
___DOWN most:
WOW -51% (CATV Systems)
IHRT -30% (Bcasting/TV)
RDIB -29% (Movie Prodctn)
DISH -27% (CATV Systems)
UONEK -24% (Bcasting/Radio)
4 weeks: 20% stocks >+10% and 5% stocks <-10%.
___UP most:
RDIB +29% (Movie Prodctn)
DISH +27% (CATV Systems)
SGA +25% (Bcasting/Radio)
AMCX +24% (CATV Systems)
STGW +22% (Mktg Services)
___DOWN most:
HUYA -13% (Entertainment)
UONEK -11% (Bcasting/Radio)
WOW -11% (CATV Systems)
SCHL -9% (Publishg Books)
IHRT -9% (Bcasting/TV)
1 Week: 7% stocks >+10% and 4% stocks <-10%.
___UP most:
SGA +15% (Bcasting/Radio)
JMSB +15% (Mktg Services)
TSQ +11% (Bcasting/Radio)
STGW +10% (Mktg Services)
AMCX +9% (CATV Systems)
___DOWN most:
SCHL -11% (Publishg Books)
IHRT -10% (Bcasting/TV)
ROKU -9% (CATV Systems)
UONEK -6% (Bcasting/Radio)
AMC -5% (Entertainment)