Toymaker Spin Master (TOY.TO) soared up the rankings in the SIA S&P/TSX Composite Index Report yesterday climbing 123 spots in one day to 31st place. This enabled it to move directly from the red zone to the Green Favored Zone. Stronger than expected online sales sent the shares soaring 23.9% on the day.
Oilfield service giant Halliburton Co. (HAL) continues to trend upward within the Green Favored Zone of the SIA S&P 500 Index Report. The shares finished yesterday in 60th place, up 12 spots on the day and up 129 spots over a month. Back in autumn, shares snapped a downtrend line to signal the start of a new recovery trend, then consolidated for a few months in the $17.25 to $22.25 area. Yesterday, a breakout to the upside, completing a bullish Ascending Triangle base signaled the start of a new upleg.
Over the course of February, cruse line Carnival Corp (CCL) climbed up from the red zone toward the top of the Green Favored Zone in the SIA S&P 500 Index Report. The shares finished Friday in 25th place, up 4 spots on the day and up 245 spots over a month.
A major breakout is underway in Gildan Activewear* (GIL.TO) shares which broke out over $38.50 to their highest level since September of 2019 yesterday. An uptrend has been underway since the shares bottomed out last March and a downtrend line was snapped last summer near $25.00. GIL.TO remains in the Green Favored Zone of the SIA S&P/TSX 60 Index Report where it has resided since August. Yesterday it moved up 4 spots to 10th place.
*Gildan Activewear is held in portfolios managed by SIA Wealth Management
Since returning to the Green Favored Zone of the SIA S&P 500 Index Report last month, American Airlines (AAL) has continued to ascend in the rankings. In the last month, it has climbed 257 spots to 34th place, including a gain of 10 places yesterday.
Shopping mall owner Simon Property Group (SPG) has climbed into first place in the SIA S&P 100 Index Report after climbing one spot yesterday and eleven places over the last week. After spending from the fall of 2016 to the spring of 2020 stuck in the red and yellow zones, the shares have been steadily moving up the rankings for about ten months now and have consistently been in the Green Favored Zone since November.
MEG Energy* (MEG.TO) shares returned to the Green Favored Zone in the SIA S&P/TSX Composite Index Report back in December and have continued to climb up the rankings. In the last month, the shares have moved up 41 spots to 7th place, including a gain of 8 spots yesterday. *Shares of MEG Energy are held in some portfolios managed by SIA Wealth Management.
Base metal miner Hudbay Minerals (HBM.TO) has been climbing back up toward the top of the Green Favored Zone in the SIA S&P/TSX Composite Index report this month, bouncing back from a brief dip into the yellow zone. The shares have moved up 74 spots last week, including a rise of 16 spots on Friday to 9th place.
This one is a bit different from the stocks we usually look at in the Daily Stock Report. On what was a relatively quiet day in the markets, Kraft Heinz (KHC) staged an aggressive move upward in the rankings of the SIA S&P 500 Index Report, climbing 17 spots in one day to 41st place, up 44 spots from a month ago.
Devon Energy (DVN) entered the Green Favored Zone of the SIA S&P 500 Index Report back in October. In the last few days, it has been climbing within that zone, moving up 13 spots yesterday to 24th place. A major breakout is underway in which shares have gapped up through $20.00 to signal the start of a new upleg. This continues a series of bullish signals this year which started with the shares snapping out of a long-term downtrend on high volume, a sign of renewed investor interest.
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