In this edition of the Equity Leaders Weekly, we look at the impact of the weakening US Dollar on Gold and at a rebound in Chinese equity markets as the country’s COVID policy changes.
In this edition of the Equity Leaders Weekly, we look at the impact of the weakening US Dollar on Gold and at a rebound in Chinese equity markets as the country’s COVID policy changes.
Gold and Silver royalty company Wheaton Precious Metals (WPM.TO) has been steadily climbing back up the rankings in the SIA S&P/TSX Composite Index Report. This rise started deep in the red zone back in September of 2022 and has culminated in the shares returning to the Green Favored Zone for the first time since September of 2020. Yesterday, WPM.TO finished in 58th place up 15 spots on the day and up 66 positions in the last month.
In this edition of the Equity Leaders Weekly, we take our monthly look at sector scopes and at the impact of the recent trend change in traded interest rates on bonds.
Textron (TXT) is a producer of helicopters, other aircraft and other types of vehicles for defense and industrial applications. Since returning to the Green Favored Zone in the SIA S&P 500 Index Report in October from a brief dip into the yellow zone, TXT shares are up 19.8%. Yesterday, they moved up another 13 spots and currently sit in the 69th position.
After spending over 18 months stuck in the red zone of the SIA S&P 100 Index Report, Boeing (BA) has rocketed back up the rankings in recent weeks, returning to the Green Favored Zone for the first time since April of 2021. Yesterday, Boeing climbed 10 spots to 22nd place and it is up 42 positions in the last month.
In today’s edition of the Daily Stock Report, we are going to take a look at Stella Jones Inc. (SJ.TO) which we have not highlighted since all the way back in August of 2020. Stella Jones Inc. which produces, markets, and sells pressure treated wood products in Canada and the United States, has recently moved back in the Favored Zone having risen in the SIA S&P/TSX Composite Index Report moving up 22 spots in the last month and 43 spots in the last quarter. Currently the shares occupy the 53rd spot in the Index.
Online shopping website support company Shopify (SHOP.TO) continues to climb up the relative strength rankings in the SIA S&P/TSX 60 Index Report. A move that started deep in the red zone in late October has culminated with SHOP.TO returning to the Green Favored Zone for the first time since August. SHOP.TO jumped 12 positions yesterday to 7th place and it has moved up 23 spots in the last month.
Online arts, crafts and gifts retailer Etsy (ETSY) has soared up the rankings in the SIA S&P 500 Index Report, climbing 389 positions in the last month, including 35 spots yesterday to 70th place. ETSY started deep in the red zone but has now returned to the Green Favored Zone for the first time since December of 2021.
In this edition of the Equity Leaders Weekly, we take a look at the current rebound in international equities and what transportation stocks are telling us about US equity market sentiment.
With the relative strength of gold producers improving recently, Yamana Gold has bounced back over the last month from a dip down into the red zone of the SIA S&P/TSX Composite Index Report, returning to the Green Favored Zone yesterday after moving up 3 spots to 57th place.
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