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Showing posts with the label Industry Inspector

What theme is emerging from this market carnage?

With the market practically crashing again I wondered if there were any industries hiding stocks with strength. Poking around in the Industry Inspector at our sister site TradingStockAlerts.com actually did yield a little theme in an unexpected area. I sorted the list of industries according to percentage of stocks above their 50-day moving average. At the top of the list was the Consumer Services/Automotive Aftermarket industry which contains only one stock: Monro Muffler and Brake (MNRO). Re-sorting to look for industries with stocks showing bullish MACD and up near the top was the Consumer Services/Motor Vehicles industry. Among the three stocks in this segment is Midas, Inc. (MDS), otherwise known as Midas Muffler. These stocks seem barely affected by the recent downturn but the simple reason is strong earnings. Both companies rolled up increases in sequential revenues and earnings. On a year-over-year basis, Midas disappointed a bit on revenue but shined on earnings while...