For the last six months, engineering consulting provider WSP Global* (WSP.TO) has been bouncing along the boundary of the yellow zone and the Green Favored Zone of the SIA S&P/TSX Composite Report, finishing Friday in 52nd position. In the SIA S&P/TSX 60 Index Report, WSP.TO is in 5th place after climbing 2 spots on Friday.
* WSP Global is held in some portfolios managed by SIA Wealth Management.
KLA Corp. (KLAC), a producer of process control equipment for the semiconductor and nanotechnology industries, has returned to the Green Favored Zone of the SIA NASDAQ 100 Index Report from a two-month dip down into the yellow zone. Yesterday it finished in 19th place, up 7 spots on the day and up 30 positions in the last month.
In this edition of Equity Leaders Weekly, we look at a recent breakout by the S&P 500 and at the semiconductor sector in the wake if Nvidia’s big earnings beat.
Last night, chipmaker Nvidia Corp.(NVDA) beat the street on earnings and posted guidance well above market expectations, sparking an aftermarket rally that has led to premarket gains of over 20% today.
Uranium producer Cameco Corp. (CCO.TO) has returned to the Green Favored Zone in the SIA S&P/TSX 60 Index Report from a recent dip down into the yellow zone, continuing a general upward trend in the rankings which started back in December.
Sand and gravel producer Vulcan Materials (VMC) has soared up the rankings in the SIA S&P 500 Index Report this month, driving up out of the red zone and returning to the Green Favored Zone for the first time since January of 2022 and reaching its highest rank since October of 2020.
Netflix (NFLX) has been working its way back up the rankings in the SIA S&P 100 Index Report for the past year. Starting at the bottom of the red zone, Netflix returned to the Green Favored Zone in February for the first time since August of 2020. NFLX then dipped back down into the red zone but with yesterday’s 9.2% gain which was ignited by subscriber growth numbers at the company’s upfront presentation to advertisers, the shares have returned to the Green Favored Zone. Currently, NFLX is in 26th position up 16 spots yesterday and up 30 places in the last month.
Datadog (DDOG), a producer of monitoring and data analytics systems for cloud computing, spent most of the last year stuck in the red zone of the SIA NASDAQ 100 Index Report. In recent weeks, it has rocketed back up the rankings and yesterday it returned to the Green Favored Zone for the first time since March of 2022. Yesterday it finished in 23rd place, up 4 spots on the day and up 74 positions in the last month.
In this edition of Equity Leaders Weekly, we look at how the NASDAQ Composite and the Japanese stock market as examples of increasing interest in selected US sectors and growing breadth in international equity markets.
Oracle Corp. (ORCL) has consistently been in the Green Favored Zone of the SIA S&P 100 Index Report since December and is currently in 5th place after moving up 2 spots yesterday. ORCL is up 43.4% Year To Date and up 8.9% since we last mentioned it in the March 28 edition of the Daily Stock Report.
* Oracle Corp is held in some portfolios managed by SIA Wealth Management
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