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Visa Inc (V)

SIA Charts relative strength reports provide investors with an indication of changing and ongoing trends in a stock’s performance relative to its peers. This 5 year chart of Visa’s relative strength within the SIA S&P 100 Index Report shows that after outperforming in 2019, Visa’s relative strength dropped off in 2020 and then it spent 2021 and 2022 underperforming.
This year, Visa climbed up out of the red zone more consistently, and in the last month it has moved up into the Green Favored Zone, currently sitting in 26th place. Visa is currently ranked higher than competitors MasterCard who is in 28th position in the yellow zone, along with American Express and Capital One, who are respectively ranked 61st and 62nd in the red zone.

Alimentation Couche-Tard Inc (ATD.TO)

The last time we talked about Alimentation Couche-Tard (ATD.TO) was in the Aug 15, 2022 edition of the Daily Stock Report when the shares were at $59.49. They initially entered the favored zone earlier that year on May 2, 2022, at a price of $58.39. Since then, the shares have remained in the Favored zone up until today with only a few brief dips into the top of the yellow neutral zone without ever entering the red unfavored zone. Today the shares are at $79.20 which represents a price increase of 35.6% in a little over a year and a half. Currently, ATD.TO sits in the 5th spot in the S&P-TSX 60 Index report up 1 spot in the last month.

Bank of Nova Scotia (BNS.TO)

Bank of Nova Scotia (BNS.TO) is currently the lowest ranked of the Big Six in the SIA S&P/TSX 60 Index Report, and is currently sitting in 56th place near the bottom of the Red Unfavored Zone. National Bank (NA.TO) is the only big Canadian bank that is not in the red zone, currently in 30th place at the bottom of the Yellow Neutral Zone.

Copper Continuous Contract (HG.F) & iShares MSCI Hong Kong Index Fund (EWH)

In this edition of Equity Leaders Weekly, we look at how the prospects for a recovering China appear to be having a positive impact on China-sensitive markets like Hong Kong stocks and copper.

Accenture PLC (ACN)

Technology and business consulting giant Accenture PLC (ACN) has been bouncing around the boundary between the Green-Favored and yellow-neutral zones in the SIA S&P 100 Index Report since May. Over this six-month period the shares have returned 15.0%. ACN has been on an upswing lately, climbing 8 positions in the last month to 25th place, returning to the Green Favored Zone from a short dip down into the yellow zone.

Stelco Holdings Inc (STLC.TO)

Hamilton steelmaker Stelco Holdings (STLC.TO) has seen its relative strength within the SIA S&P/TSX Composite Index Report improve dramatically in the last few weeks. Stelco started the year off strong, spending the first three months up in the Green Favored Zone, then drifted down into the red zone through the summer.
In the last month, Stelco has climbed 141 positions to 26th place, exiting the red zone, returning to the Green Favored Zone for the first time since March, and continuing to trend upward in the relative strength rankings.

Simon Property Group Inc (SPG)

For six months, SPG shares swung back and forth between the green and red zones of the SIA S&P 100 Index Report. Since the beginning of November, SPG has been steadily rising up the rankings and this week it has returned to the Green Favored Zone for the first time since August. Yesterday, SPG finished in 24th place, up 4 spots on the day and up 17 positions in the last month.

Franco Nevada Corp (FNV.TO)

Franco-Nevada (FNV.TO) is currently the lowest ranked gold stock in the SIA S&P/TSX 60 Index Report. After falling 25 positions in the last month, FNV.TO is currently in 56th place, near the bottom of the Red Unfavored Zone and is down 13.3% over the last month. Since exiting the green zone back in June, FNV.TO has fallen by 14.1%.

In contrast, the highest ranked gold stock in the SIA S&P/TSX 60 Index Report is Kinross Gold* (K.TO), which is currently ranked in second place, near the top of the Green Favored Zone, where it has been since March. Kinross is up 3.7% in the last month.

*Shares of Kinross Gold are held in portfolios managed by SIA Wealth Management.

CBOE Interest Rate 10-Year (TNX.I) & Russell 2000 Index (RLS.I)

In this edition of Equity Leaders Weekly, we take a look at the wide ranging implications of the recent drop in treasury yields, and what a turnaround in the Russell 2000 small cap index is telling us about market breath.

Lululemon Athletica Inc (LULU)

Yoga and athletic clothing retailer Lululemon Athletica (LULU) has been steadily making its way back up the relative strength rankings in the SIA NASDAQ 100 Index Report since June. Following gains of 5 spots yesterday and 23 positions in the last month, Lululemon finished yesterday in 26th place, returning to the Green Favored Zone for the first time since May.

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