Retail 2023-08-18: -1 to "AVERAGE" rating (5th strongest of 9 levels), previous move was UP

Brian Degracia

18 Aug 2023 • 1 min read

Retail industry strengthening and weakening for the trading week ending 2023-08-18. There was weakening but not as bad as other industries have experienced with only 3 of the 9 sub-industries weakening.

Previous review of Retail is available here.

With its weakening, this is the first change in strength rating for the Retail industry since 5 weeks ago when it strengthened.

In my last review from July 28, 2023 I wrote "If you own AAP/Advance Auto Parts, DG/Dollar General, Target, and WBA/Walgreen's Boots Alliance (a Dow 30 Industrials member), you might want to consider if there are other better alternatives" as these were the four stocks in the industry rated Weakest.

Since then, each weakened more: Walgreen's -11%, Advance Auto -5%, Dollar General -4%, and Target -3%. Given the overall market weakness (for my perspective on this see this post), this is not a surprise.

The largest sub-industry Grocery Stores, which has 10 stocks, remained at its Strong (4th strongest of 9 levels). The second-largest Discount Stores weakened to Average (5th strongest of 9 levels).

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

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