Telecommunications 2023-09-14: Unchanged at "WEAK" strength rating (6th strongest of 9 levels), previous move was DOWN

Brian Degracia

14 Sep 2023 • 2 min read

Telecommunications for the trading week ending 2023-09-14. Industry unchanged as 2 sub-industries strengthened.

SUMMARY

Performance

Bottom line: effectively flat for 10 weeks (1 week up/down 10 and 8 weeks ago)
Context: slight strengthening recently vs. YTD
- 38% positive stocks YTD
- 48% positive stocks past 4 weeks

Background

Largest of 5 Sub-industries (50 stocks total):
- 25 stocks Communication Equipment
- 12 stocks Wireless Communications
10 Biggest Market Cap stocks: TMUS, VZ, QCOM, T, MSI, CCI, BCE, LHX, ERIC, TU

DETAIL: 1 week review, YTD/4 weeks lookbacks

1 Week Review

Strengthened: 2/5 sub-industries
Weakened: 0/5 sub-industries

Strongest at Average/5th strongest (of 9 levels) rating: Wireless Communications
Weakest at Weaker/7th strongest rating: Telecom Services - Domestic (excluding Telecom Services - Foreign with only 1 stock)

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

No meaningful changes in the two largest 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.)