Sign in Subscribe

Retail 2023-07-14: +1 to "Strong" strength rating (4th strongest of 9 levels), previous move was also up

Brian Degracia

• 1 min read
Retail 2023-07-14: +1 to "Strong" strength rating (4th strongest of 9 levels), previous move was also up
Retail for the trading week ending 2023-07-14. Not the home of large sub-industries, as Grocery Stores is the largest with only 10 stocks.

The largest sub-industry is Grocery Stores which has strengthened over the past five weeks but which still does not have a consensus of strength or weakness (see "A Closer Look" below).

All but one Retail sub-industries have single-digit components. Thus Home Furnishing Stores can show an impressive move over the past seven weeks from Weakest to Very Strong while not providing materially helpful information. The three component stocks are RH/Restoration Hardware, WSM/Williams Sonoma, and HVT/Haverty Furniture. 

Grocery Stores - a closer look

Highlighting this as there is no consensus among grocery stores and it's a good reason to point out DDL/Dingdong. As CVNA/Carvana was rising more than 800% this stock was falling 41%.

Grocery Stores are all over the map.

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.

Many more Strongest than Weakest stocks. Dow Industrials component WBA/Walgreens Boots Alliance has a Weakest rating. Its YTD 2023 -22% is the worst of the Dow 30.

Sign up for more like this.

Enter your email
Subscribe