Since the beginning of November, Lightspeed Commerce (LSPD.TO) has climbed back up the SIACharts relative strength rankings and recently returned to the Green Favored Zone for the first time since July of 2022. Yesterday, Lightspeed finished in 24th place, up 9 spots on the day and up 36 positions in the last month.
Over the last six weeks, BlackRock (BLK) has snapped a downtrend, climbed up out of the red zone and has returned to the Green Favored Zone for the first time since February. In the last month, BlackRock has moved up 29 spots to 25th place.
SU.TO entered the Red Unfavored Zone on December 6th and has continued to slide down the rankings. In the last month, Suncor has dropped 27 positions to 45th place, including a decline of 6 spots last week.
3M Company, an Industrial conglomerate stock, has been residing in the Red Unfavored Zone for at least the last 5 years and currently sits in the 98th out of 103 spots in the SIA S&P 100 Index report, dropping 4 spots in the last quarter.
In this edition of Equity Leaders Weekly, we look at a big breakout by the NASDAQ and a resurgence in interest in the real estate sector.
Credit card provider Capital One (COF) has been climbing up the relative strength rankings in the SIA S&P 100 Index Report since the end of October, leaving the red zone, returning to the Green Favored Zone for the first time since August and reaching its highest ranking since March.
Capital One has moved up 22 spots in the last week and 45 positions in the last month to reach 22nd place.
After struggling relative to its peers through the summer, Advanced Micro Devices (AMD) has rapidly climbed back up the relative strength rankings in the SIA S&P 100 Index Report. Currently, AMD is in 8th place, up 20 spots in the last month with the shares up 13.1%, compared with a 4.3% return for the corresponding index over the same time frame.
Relative strength analysis not only can help investors identify stocks that are outperforming their peers but also to avoid periods of underperformance. After climbing 6 spots in the last week and 12 positions in the last month, T-Mobile US Inc. (TMUS) has returned to the Green Favored Zone for the first time since November of 2022.
SPG returned to the Favored Zone of the SIA S&P 100 Index Report on November 16th, which was mentioned in the November 17th Daily Stock Report. Since then, the shares have climbed 8.6%, while the S&P 100 Index is up only 0.8% over the same time frame. SPG has also continued to rise in the relative strength rankings, having moved up another four spots in the last week to 17th place.
Yesterday, JPMorgan Chase & Co. (JPM) became the first US big cap bank to return to the Green Favored Zone of the SIA S&P 100 Index Report in some time climbing 2 spots to 25th place. JPM had been out of the Green Zone since August. JPM shares have gained nearly 10.5% in the last month.
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