Since we last mentioned homebuilder PulteGroup (PHM) back in July, the shares have climbed from $37.30 to $52.75, a gain of 41.4%. Shares have climbed back up toward the top of the Yellow Neutral Zone in the SIA S&P 500 Index Report and in 137th place, are 10 spots away from a return to the Green Zone. Boosted by a gain of 9.1% in the last week, the shares climbed 7 spots yesterday and have moved up 52 places in the last month.
Packaged foods producer Kraft Heinz (KHC) recently returned to the Green Favored Zone of the SIA NASDAQ 100 Index Report for the first time since November of 2016. The shares rose 3 spots yesterday to 16th place and are up 37 spots in the last month.
Since it was added in December, GFL Environmental (GFL.TO) has consistently been in the Green Favored Zone of the SIA S&P/TSX Composite Index Report. On Friday, it finished in 16th place, up 5 spots on the day and up 28 spots in the last month.
Home improvement retailer Lowes Companies (LOW) has rebounded from a brief trip down into the red zone and returned to the Green Favored Zone of the SIA S&P 100 Index Report yesterday for the first time since October. The shares finished yesterday in 25th place, up 2 spots on the day and up 12 spots over the last month.
With gains of 5 spots yesterday and 44 spots in the last month, insurer Prudential Financial (PRU) has returned to the Green Favored Zone of the SIA S&P 500 Index Report for the first time since the summer of 2017. Currently the shares are trading near $90.00 with initial resistance possible at the top of a previous $70.00 to $95.00 trading range,
In this issue of Equity Leaders Weekly, we look at the relationship between small cap and large cap stocks as an indicator of market sentiment, and at recent swings in the price of crude oil as a proxy for commodities and their implications for interest rates and equity markets.
Since we last mentioned diversified REIT Brookfield Property Partners* (BPY.UN.TO), the shares have climbed 30.0%. Yesterday, after being one of the few senior North American stocks to post a gain on the day, BPY.UN remained within the Green Favored Zone of the SIA S&P/TSX 60 Index Report, as it has been since October, moving up 2 spots to 7th place.
Bank of Montreal (BMO) has climbed back up into the Green Favored Zone of the SIA S&P/TSX 60 Index Report after rising two spots in the relative strength ranking yesterday to 12th place. Shares have been under accumulation since bottoming out nearly a year ago, stringing together a series of positive technical signals.
Steelmaker Nucor (NUE) recently returned to the Green Favored Zone of the SIA S&P 500 Index Report for the first time since early 2017. The shares finished Friday in 96th place, up 18 spots on the day and up 159 spots over the last month.
US Bancorp (USB) has returned to the Green Favored Zone of the SIA S&P 100 Index Report for the first time since 2012. The shares recently overtook their 2017 peak and finished yesterday in 25th place, up 1 spot on the day and up 28 spots over the last month. Since completing a bullish Ascending Triangle breakout back in November, US Bancorp (USB) shares have been under increased accumulation, as shown by the steepening of their uptrend support line. Last month, the shares broke out over $50.00 and yesterday they cleared $55.00 to confirm that their current uptrend continues.
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