Leisure 2023-09-18: Unchanged at WEAK strength rating (6th strongest of 9 levels), previous move was DOWN

Brian Degracia

18 Sep 2023 • 2 min read

Leisure for the trading week ended 2023-09-18, industry unchanged as 1/7 sub-industries strengthened and 0/7 sub-industries weakened.

SUMMARY

Performance

Bottom Line: weakened 3 levels in 7 weeks
Context: 1 week positive/negative stocks ratio is STRONGER than both 6 Mos and 4 weeks

Other Notes:
Past 6 months
- TAST +167%
- CCL and RCL cruise lines +67% and +58%
- Restaurants are weak

Past 4 weeks
- 9 restaurants down more than -10%

Background

Material of 7 sub-industries (82 stocks total, average 12 stocks/sub-industry):
36 stocks Restaurants
22 stocks Resorts & Casinos
9 stocks Lodging

10 Biggest Market Cap stocks:
MCD, SBUX, MAR, CMG, HLT, LVS, YUM, RCL, YUMC, QSR

DETAIL: 1 Week Performance Review

Status

Strengthened: 1/7 sub-industries
Weakened: 0/7 sub-industries

Strongest at Strong rating/4th strongest of 9 levels:
5 stocks Gaming Activities

Weakest at Weaker rating/7th strongest of 9 levels:
5 stocks Sporting Activities
1 stock Specialty Eateries

Detail Charts: Sub-Industry and 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

Since strengthening 8 weeks ago the industry has weakened 3 levels in the past 7 weeks.

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.)