Since November, Enerplus (ERF.TO) has been steadily climbing up the rankings in the SIA S&P/TSX Composite Index Report, rising from deep in the red zone and returning to the Green Favored Zone this week. The shares have climbed 49 spots in the last week including 13 yesterday to 12th place.
Clothing producer Hanesbrands (HBI) returned to the Green Favored Zone of the SIA S&P 500 Index Report yesterday after a 24.9% one-day jump in the share price in response to earnings sent the shares screaming up 111 spots in the rankings to 18th place. The shares are also up 200 spots in the last month. Accumulation accelerated dramatically yesterday with the shares blasting through $17.50 and taking a run at $20.00 for the first time since 2018 on a big spike in volume.
A classic, textbook breakout is underway for shares of homebuilder DR Horton Inc. (DHI), which recently returned to the Green Favored Zone of the SIA S&P 500 Index Report from a dip down into the red zone and continues to climb up the rankings. In the last month, the shares have moved up 248 places to 68th place, including a gain of 22 spots yesterday.
Since returning to the Green Favored Zone of the SIA S&P 500 Index Report back in October, Under Armour (UA) has continued to steadily climb up the rankings. On Friday it moved up another 6 spots to 28th place. After completing a bullish Ascending Triangle base with a breakout over $10.00 back in September, the shares rallied up into the $15.00 to $16.50 range where they had paused for the last few weeks to consolidate gains.
Canada Goose (GOOS.TO) recently returned the Green Favored Zone of the SIA S&P/TSX Composite Index Report from a brief dip into the red zone. Yesterday, on the back of a positive earnings report, the shares soared 22.3%, driving the shares up 30 spots to 15th place.
The turn of the month has been particularly choppy for North American markets which retreated into the end of January, bounced back to start February and have stabilized into midweek. In this week’s issue of Equity Leaders Weekly, we take a look at recent strength in the price of crude oil and recent weakness in transport stocks.
Back in October, asset manager Invesco (IVZ) returned to the Green Favored Zone of the SIA S&P 500 Index Report for the first time since 2013. Since then, the shares have continued to climb toward the top of the rankings, moving up 2 spots yesterday and 30 spots in the last month to 4th place.
Aurora Cannabis (ACB.TO) has benefitted lately from a rally in marijuana stocks on speculation that the new Democratic regime in the US could be friendlier to the pot sector. ACB.TO shares recently returned to the Green Favored Zone of the SIA S&P/TSX Composite Index report having climbed 175 spots in the last month. Yesterday, a 12.8% rally propelled the share up 30 spots to 25th place.
Uranium miner Cameco (CCO.TO) has returned to the Green Favored Zone of the SIA S&P/TSX Composite Index Report after climbing 46 spots yesterday. Cameco also moved up 9 spots in the SIA S&P/TSX 60 Index Report to 6th place.
Renewed interest in silver stocks last week propelled the shares of silver producer First Majestic Silver Corp. (FR.TO) to a 29.6% gain, driving it up 87 spots in the SIA S&P/TSX Composite Index Report over the week to 5th place near the top of the Green Favored Zone.
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