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Consumer Non-Durables 2023-07-14: +1 to "Strong" strength rating (4th strongest of 9 levels), previous move was also up

Brian Degracia

• 1 min read
Consumer Non-Durables 2023-07-14: +1 to "Strong" strength rating (4th strongest of 9 levels), previous move was also up
Consumer Non-Durables for the trading week ending 2023-07-14. Improvement though similar to Consumer Durables there aren't that many components to the sub-industries (largest are Packaging & Containers with 19 and Textile - Apparel Clothing with 17).

Similar to Consumer Durables this is not an industry of significant interest. It will be a secondary analysis behind the typical headliners.

The two largest sub-industries have strengthened over the past eight weeks along with Consumer Non-Durables overall. Other than Paper & Paper Products, the strengthening in the remaining sub-industries is plodding but clear.

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.

There's a higher proportion of Weakest vs. Strongest stocks in the Consumer Non-Durables industry as compared to the other recently-reviewed industries. In an odd quirk, within the Rubber & Plastics sub-industry GT and TG (Goodyear Tires and Tredegar Corporation, respectively) are at opposite ends of the strength spectrum. Will this continue? Or might an attractive oversold "pop" be in Tredegar's future as buyers look for left-behind bargains in the strengthening sub-industry? (#notaprediction)

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