Utilities 2023-09-11: Unchanged at "WEAKER" strength rating (7th strongest of 9 levels), previous move was DOWN

Utilities 2023-09-11: Unchanged at "WEAKER" strength rating (7th strongest of 9 levels), previous move was DOWN
Utilities industry for the trading week ended 2023-09-11 - no changes.

Bottom line: Utilities has been flat for the past 3 weeks.
Key stocks: NEE, SO, DUK, SRE, EXC, AEP, D, PCG, XEL, ED (top 10 by market cap).
Context: The industry has been at only 17% positive YTD, slightly improving to 21% positive over the past month.

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

1 Week Detail

Overview

No changes among the 5 sub-industries.

Strongest at Weaker rating (7th strongest of 9 levels):
1. 4-way tie, all except Gas Utilities

Weakest at Very Weak rating (8th strongest):
1. Gas Utilities

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

Utilities is comparatively weaker than the other recently-reviewed industries. Higher for Longer will not help.

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.

Ratio of Strongest to Weakest stocks is a terrible 3:55. This is consistent with the fact that YTD only 17% of Utilities stocks are positive. What could possibly be setting apart the 3 Strongest stocks?

Historical Context - YTD and 4 week Lookbacks

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

YTD Lookback

2 stocks >50% YTD led by CWCO +105%. 7 stocks down more than -25%.

4 Week Lookback

1 stock >15% over the past 4 weeks and 3 down more than -15%. 

Past Reviews

July 18 (8 weeks ago)