Author: Paul Kornfeld

2023 saw Intel Corp (INTC) soar in the SIA S&P 100 Index Report, gaining 94.56% vs. the S&P 100’s 30.83%. 2024 tells a different story: INTC dropped 30 ranks in a month, now 36th and in the SIACharts Yellow Neutral Zone, with a 14.2% YTD decline, while the S&P 100 is up 2.3%.

PDD Holdings Inc. (PDD), better reconized as the owner of temu.com, faces a sharp decline, dropping 15 ranks to 43rd in the SIA NASDAQ 100 Index Report amid a broader market selloff. Recently exiting the green zone into the Yellow Neutral Zone, PDD’s performance echoes last year’s pattern, suggesting potential volatility ahead.

Lockheed Martin (LMT) surpassed earnings estimates but its shares fell by 6.7%, underperforming the S&P 100’s 1.9% rise. SIACharts’ analysis shows a downward trend in LMT’s relative strength, moving from the green to the Red Unfavored Zone. The stock’s position declined by 11 spots in a week, now ranking 85th in the SIA S&P 100 Index Report.

Mining sector weakness, initially noted last week in Agnico-Eagle Mines and Wheaton Precious Metals, is now impacting steel. Algoma Steel (ASTL.TO) has fallen from its high, dropping to the Yellow Neutral Zone, and descending 49 spots to 64th place in a month.

Tesla Inc. (TSLA) now occupies the lowest rank in the SIA S&P 100 Index Report. Following a disappointing earnings report, TSLA’s stock plummeted by 12.1%. The stock has been in decline since October 25th, falling 14.02% compared to the S&P 100’s rise of 17.27%.

In the latest SIACharts analysis, Netflix, Inc. (NFLX) re-enters the Green Favored Zone of the SIA S&P 100 Index Report, following an 11.9% surge in the past week alone, significantly ahead of the S&P 100’s 3.25% increase. As a result, Netflix has moved up to 9th place in our rankings, signaling strong investor confidence fueled by its sales and subscriber base expansion.

Walgreens Boots Alliance Inc (WBA) has faced a challenging trajectory since its exit from the green zone in June 2021. Shares of the drug store giant have since plummeted by 57.7%. Despite a brief rise within the Red Unfavored Zone in late 2023, WBA fell 28 ranks to 94th place, losing already 13.5% year-to-date.

Wheaton Precious Metals (WPM.TO) has declined in the SIA S&P/TSX 60 Index Report, shifting from the green to the Yellow Neutral Zone. Now ranked 20th, it dropped 12 spots in a month, with its share price decreasing by 6.0%, diverging from the S&P/TSX Composite Index’s 0.25% gain. This movement suggests a potential investor shift away from gold stocks, despite stable gold prices.