Leisure 2023-09-11: Unchanged at "WEAK" strength rating (6th strongest of 9 levels), previous move was DOWN

Leisure 2023-09-11: Unchanged at "WEAK" strength rating (6th strongest of 9 levels), previous move was DOWN
Leisure industry for the trading week ending 2023-09-11, minimal change.

Bottom line: Leisure has generally been falling for the past 6 weeks.
Key stocks: MCD, SBUX, MAR, CMG, HLT, LVS, YUM, RCL, YUMC, QSR (top 10 by market cap).
Context: The industry has been 62% positive YTD, dropping significantly to only 18% positive over the past month.

One week, YTD, and one month reviews below, along with links to past reviews.

1 Week Detail

Overview

1 sub-industry strengthened and 1 sub-industry weakened (7 total).

Strongest at Strong rating (4th strongest of 9 levels):
1. Gaming

Weakest at Weaker rating (7th strongest):
1. Sporting Activities (excluding Specialty Eateries which only has 1 stock)

10-Week Industry/Sub-industry Week-by-Week Comparison

Largest sub-industries Restaurants and Resorts/Casinos (36 and 22 stocks, respectively) have been declining for the past 6 weeks.

Individual Stock 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.

Current ratio of Strongest to Weakest stocks is 11:22.

Historical Context - YTD and 4 week Lookbacks

Standout winners and losers for different lookback periods are shown below including their sub-industries.

YTD Lookback

6 stocks >50% YTD led by TAST +362%. 8 stocks (almost 1 in 10) down more than -25%.

4 Week Lookback

1 stock >15% over the past 4 weeks and 12 down more than -15%. Note KRUS and SHAK are among the strongest YTD but have encountered trouble recently along with other Restaurant stocks. NDLS has been among the worst for both YTD and the past 4 weeks.

Past Reviews

July 18 (8 weeks ago)