In this edition of Equity Leaders Weekly, we look at rising treasury yields and energy prices.
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In this edition of Equity Leaders Weekly, we look at rising treasury yields and energy prices.
Automaker General Motors (GM) was a perpetual underperformer for nearly two years, spending nearly all of 2022 and 2023 stuck in the red unfavored zone of the SIA S&P 100 Index Report. As recently as November, GM was near rock bottom in the relative strength rankings.
Since December, however, GM has been steadily working its way upward in the relative strength table. It exited the red zone in February and has continued to work its way upward within the Yellow Neutral Zone and is currently only four spots away from a return to the green zone for the first time since January of 2022. Yesterday, GM moved up 3 spots to 30th place, up 13 positions in the last month.
Year to date, GM is up 26.1%, compared with a gain of 10.1% for the S&P 100 Index so far this year.
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