Specialty Retail 2023-09-15: DOWN -1 to WEAK strength rating (6th strongest of 9 levels), previous move was DOWN
SUMMARY
Performance
Bottom line: weakening over the past 5 weeks
Context: weakening recently vs. YTD
- 46% positive stocks YTD
- 31% positive stocks past 4 weeks
Other Notes:
- CVNA +1001% YTD and +33% past 4 weeks
- 1 in 3 Specialty Retail stocks down more than -10% past 4 weeks
Background
Largest of 7 sub-industries (70 stocks total):
- 24 stocks Specialty Retail
- 22 stocks Apparel Stores
- 15 stocks Auto Dealerships
10 Biggest Market Cap stocks: NFLX, PDD, CPRT, ROST, TSCO, KMX, PAG, DKS, CVNA, CHWY
DETAIL: 1 week review, YTD/4 weeks lookbacks
1 Week Review
Strengthened: 0/7 sub-industries
Weakened: 1/7 sub-industries
Strongest at Strong/4th strongest (of 9 levels) rating: Auto Dealers
(ignore Toy & Hobby Stores, Strongest rating but only 1 stock)
Weakest at Weaker/7th strongest rating: Sporting Goods Stores
10-Week Week-by-Week Industry/Sub-industry Strength Comparison
What: recent week-by-week strength changes for the industry and each underlying sub-industry
Why: objective measurement of strengthening and weakening enabling comparison within and across industries and sub-industries
Strongest and Weakest Stocks
What: stocks currently rated Strongest/Weakest (highest/lowest of 9 strength ratings)
Why: most interesting stocks for available capital because
- the Strongest may be meme-stock mania candidates prone to breakouts, and
- the Weakest may be prone to large bottom-fishing/short-covering-driven pops... and may also be primed for bigger and faster falls. (Not guaranteed and not a recommendation - weak stocks in weakening sub-industries may be better shorts than high-flyers.)
YTD Lookback
4 Weeks Lookback
