Clothing producer Canada Goose (GOOS.TO) has quickly climbed back up the relative strength rankings in the SIA S&P/TSX Composite Index Report. After spending nearly all of 2022 stuck deep in the red zone, GOOS.TO has returned to the Green Favored Zone for the first time since December of 2021.
Gold miner Dundee Precious Metals (DPM.TO) jumped 6.0% on news of positive exploration results from a project in Serbia yesterday. This enabled the shares to jump 71 spots in the SIA S&P/TSX Composite Index Report to 33rd place.
Coffee chain Starbucks (SBUX) has been steadily climbing up the rankings in the SIA S&P 100 Index Report since June. Starting deep in the red zone, SBUX has worked its way back up to the Green Favored Zone for the first time in two years.
Back in October, electronics manufacturer Celestica (CLS.TO) returned to the Green Favored Zone of the SIA S&P/TSX Composite Index Report, ending a six-month absence and rebounding from a short dip into the red zone. Since then, the shares are up 12.3%. Yesterday, CLS.TO climbed 4 spots to 13th place.
After spending most of the last two year stuck in the red zone of the SIA S&P 500 Index Report, DuPont (DD) started climbing back up the relative strength rankings in September and yesterday it returned to the Green Favored Zone for the first time since February of 2021. DD has climbed 36 positions in the last month, including a rise of 5 spots yesterday to 125th place.
In this edition of the Equity Leaders Weekly, we look at the Sector Scopes feature for insights into the current state of the market, and at the US Homebuilding Sector by looking at the iShares US Home Construction ETF (ITB).
Homebuilder Lennar Corp. (LEN) has been working its way back up the rankings in the SIA S&P 500 Index Report since April from deep in the red zone and returning to the Green Favored Zone for the first time in a year. Up 100 positions in the last month, Lennar climbed 2 spots yesterday to 95th place.
Communications software producer Enghouse Systems (ENGH.TO) has returned to the Green Favored Zone of the SIA S&P/TSX Composite Index Report for the first time since September of 2020. After spending two years stuck in the red zone, ENGH.TO has flown up the rankings in the last few weeks, rising 119 positions in the last month to 51st place.
With metal prices on the rise , gold and copper miner Freeport Mcmoran (FCX) has been steadily clawing its way back up the rankings in the SIA S&P 500 Index Report, starting near the bottom of the red zone and recently returning to the Green Favored Zone. FCX currently sits in 78th position, up 16 spots on the day and up 40 places in the last month.
General Electric (GE) has been climbing back up the rankings in the SIA S&P 100 Index Report since August. In October it broke out of a downtrend and this week it returned to the Green Favored Zone for the first time since April of 2021.
Receive a daily newsletter with stock highlights, ETF rankings, weekly market focus and others.
