Specialty Retail 2023-12-15: UP +1 to STRONG strength rating (4th strongest of 9 levels), previous move was also UP
Specialty Retailers screaming "Recession?" Not yet. 1 month 49% stocks >10%/1 week 89% positive stocks, Auto Dealers +2 strength ratings. CVNA on the move again +28% 1 week, CRMT/LAD/KMX +19%, +14%, +11%.
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.
Details
🔹 26% Strongest Stocks, 7% 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 (89%/77%/70% positive)
🔹 Sub-industry Overview:
STRONGEST at Strongest rating/1st strongest of 9 levels:
- Music & Video Stores (1 stock)
WEAKEST at Weaker rating/7th strongest of 9 levels:
- Toy & Hobby Stores (1 stock)
🔹 Lookback Periods Comparison:
3 Months: 29% stocks >+20% and 3% stocks <-20%.
___UP most:
GPS +90% (Apparel)
FL +66% (Spec Retail)
CHS +64% (Apparel)
ANF +61% (Apparel)
HIBB +54% (Sportg Gds)
___DOWN most:
DADA -28% (Spec Retail)
DBI -26% (Apparel)
CRMT -20% (Auto Dealers)
MED -16% (Spec Retail)
BBW -15% (Toy/Hobby)
4 weeks: 49% stocks >+10% and 9% stocks <-10%.
___UP most:
CVNA +60% (Auto Dealers)
BBWI +40% (Apparel)
SBH +39% (Spec Retail)
FL +37% (Spec Retail)
W +36% (Spec Retail)
___DOWN most:
DADA -21% (Spec Retail)
JILL -19% (Apparel)
DBI -15% (Apparel)
SPWH -14% (Sportg Gds)
TLYS -13% (Apparel)
1 Week: 17% stocks >+10% and 0% stocks <-10%.
___UP most:
CVNA +28% (Auto Dealers)
CRMT +19% (Auto Dealers)
LESL +18% (Spec Retail)
SBH +17% (Spec Retail)
W +16% (Spec Retail)
___DOWN most:
MED -9% (Spec Retail)
WINA -5% (Spec Retail)
TLYS -4% (Apparel)
GPS -2% (Apparel)
AEO -1% (Apparel)