Specialty Retail 2023-09-22: Unchanged at WEAK strength rating (6th strongest of 9 levels), previous move was DOWN
TABLE OF CONTENTS
- INDUSTRY OVERVIEW
1A. Performance
1B. Background - SUB-INDUSTRIES AND STOCKS DETAIL
2A. Sub-Industries Overview
2B. Sub-Industries 10-Week Strengthening Analysis
2C. Stocks 1 Week Strongest and Weakest - STRENGTH BY LOOKBACK PERIOD (with Best/Worst stocks)
3A. Lookback 6 Months
3B. Lookback 4 weeks
3C. Lookback 1 Week
1. INDUSTRY OVERVIEW
1A. Performance
Past 10 Weeks Strengthening/Weakening week-by-week, per the following chart:
WEAKENING 1 Week vs. Mid- and Longer-Term // 1 week positive/negative stocks ratio is LOWER than both 4 weeks and 6 Months, per the following chart:
Comment:
- CVNA/Carvana 6 month return +451%.
- 6 months, 26% of total stocks are <-10%.
- 4 weeks, 29% of total stocks are <-10%.
- Weakest stocks are currently 39% of total.
1B. Background
Largest of 7 sub-industries (70 stocks, average 10):
- Specialty Retail (24 stocks)
- Apparel Stores (22 stocks)
- Auto Dealerships (15 stocks)
Top 10 by Market Capitalization:
NFLX/Netflix Inc, PDD/Pinduoduo Inc, CPRT/Copart Inc, ROST/Ross Stores Inc, TSCO/Tractor Supply Co, KMX/Carmax Inc, PAG/Penske Automotive, DKS/Dick's Sporting Goods, CVNA/Carvana Co, CHWY/Chewy Inc
2. SUB-INDUSTRIES AND STOCKS DETAIL
2A. Sub-Industries Overview
Strengthened: 0/7 sub-industries
Weakened: 3/7 sub-industries
STRONGEST at Strongest rating/1st strongest of 9 levels:
- Toy & Hobby Stores
- Auto Dealerships (15 stocks) (ranked 5th of 9 levels)
- Jewelry Stores (2 stocks) (ranked 5th of 9 levels)
- Music & Video Stores (1 stocks) (ranked 5th of 9 levels)
WEAKEST at Weaker rating/7th strongest of 9 levels:
- Specialty Retail (24 stocks)
- Sporting Goods Stores (5 stocks)
2B. Sub-Industries 10-Week Strengthening Analysis
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
2C. Stocks 1 Week Strongest and Weakest
What: stocks currently rated Strongest/Weakest (highest/lowest of 9 strength ratings)
Why: most interesting stocks for available capital because
- the Strongest have the least amount of overhead supply to dampen breakouts while
- the Weakest may be prone to volatility, subject to big pops from bottom-fishing and short-covering BUT ALSO to bigger and faster falls.
(Not guaranteed and not a recommendation - weak stocks in weakening sub-industries may be better shorts than high-flyers.)
3. STRENGTH BY LOOKBACK PERIOD (with Best/Worst stocks)
3A. Lookback 6 Months
3B. Lookback 4 weeks
3C. Lookback 1 Week
