Over the last year, NVDA has returned 221.4%, including a year to date gain of 35.1%. In April, NVDA shares staged a correction but remained in the Green Favored Zone and have bounced back this month. Over the last month NVDA is up 4.71%, outperforming the 0.25% gain made by the S&P 100 Index over the same time period.
With the Aerospace sector attracting renewed interest in recent weeks, Bombardier (BBD.B.TO), has been making a steady ascent back up the rankings in the SIA S&P/TSX Composite Index Report since February, after previously spending six months in the red zone.
The shares finished in 12th position on Friday, up 84 spots in the last month. Over this time, the shares are up 27.4%, compared with a 0.75% loss for the S&P/TSX Composite Index.
Starbucks Corp (SBUX) shares dropped nearly 16% yesterday following their earnings release for fiscal Q2. Starbucks was already in the Unfavored zone of the SIA S&P 100 Index Report and fell 7 more spots yesterday to the 100th ranking out of 103 investments. Starbucks has been in the Unfavored zone since June of last year and is down around -25% during this time period. SIACharts’ RS rankings can help investors steer clear of earnings misses like Starbucks experienced yesterday.
In this edition of the Equity Leaders Weekly, we will examine Uranium by looking at the Sprott Physical Uranium Trust (U.UN.TO) as well as review the TSX Completion Index (by looking at the iShares S&P/TSX Completion Index ETF) which is essentially the TSX Composite Index minus the TSX 60 index reflecting more of a mid cap nature within the Canadian stock market.
In the last week, TSLA shares have popped 36.6%, and they are up 10.4% over the last month, compared with a 1-month loss of 2.2% for the S&P 100 Index. Yesterday, TSLA shares jumped 46 spots in the SIA S&P 100 Index Report to 51st place, leaving the red zone and returning to the Yellow Neutral Zone for the first time since October.
Technology giant International Business Machines (IBM) had been showing signs of peaking over the last month, when selling pressure intensified following last Thursday’s earnings report and guidance. In the last two trading days, the shares have dropped 22 positions in the SIA S&P 100 Index Report from 12th spot to 34th place, falling out of the green zone for the first time since October.
Salesforce.com, for example, dropped out of the green zone of the SIA S&P 100 Index Report down into the Yellow Neutral Zone, after falling 3 spots yesterday and 19 spots in the last month to 27th place. During the time it was in the green zone, which started in November, CRM returned 18.5% compared with a gain of 10.7% for the S&P 100 Index over the same period.
Five years to the day from the last time 3M (MMM) dropped into the red zone, and over six years since it fell out of the green zone of the SIA S&P 100 Index Report, MMM finally climbed back up into the Yellow Neutral Zone after moving up 40 spots in the last month.
In this edition of Equity Leaders Weekly, we look at what the resurgence in the price of copper is telling us about the world economy and what small caps are saying about market sentiment.
Automaker General Motors (GM) spent most of 2022 and 2023 stuck in the red zone of the SIA S&P 100 Index Report and as recently as November, it was pretty much at rock bottom. Since moving up into the Yellow Neutral Zone, GM has gained 11.3% compared with a 4.9% return for the S&P 100 Index.
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