Category: Daily Stock Report

Manulife Financial Corp. (MFC.TO) has been a standout performer within the SIA Hypothetical Canadian 5 Stock model, contributing 38% to the portfolio’s return from this position alone. The model itself is up 23.47% year-to-date and carries a 14.15% compound annual growth rate since its launch on February 2, 2007. However, recent developments in both the stock’s relative strength and sector ranking are signaling a potential shift. With MFC.TO now entering the neutral zone of the SIA S&P/TSX 60 Index Report and the Insurance sector losing favored status, the data might be highlighting an early-stage transition that demands close attention.

Today, we are going to highlight Ivanhoe Mines Ltd (IVN.TO). The SIA Platform issued a Red Unfavored signal back on January 8, 2025, at a price of $16.92. The earlier signal of a Neutral Zone with a negative SMAX occurred on November 13, 2024, at a price of $17.53. Since then, the shares have continued to weaken further and remain heavily entrenched at the bottom of the Red Unfavored Zone with a closing price at $10.23. The current price represents a 65% drop since the red unfavored rating, and a 71% drop since the earlier Neutral Zone with Red SMAX rating. This example highlights the logic behind staying away from investments which are not exhibiting any relative strength.

In today’s edition of the Daily Stock Report, we are going to highlight AtkinsRealis Group Inc (ATRL.TO). The SIA Platform issued a Green Favorable rating on October 16, 2024, in the SIA S&P/TSX Composite Index Report when the shares were at $63.63. Today, the shares now have a closing price of $93.86 which represents a price increase of 47% in a little over 8 months time.

Today, we thought it was time to check in with one of the favored names on the SIA S&P/TSX 60 Index Reports, Agnico Eagle Mines Ltd., where the shares have produced a year-to-date rate of return of 50.44%

Today, we are examining Digital Realty Trust Inc. (DLR), which we’re highlighting in our commentaries for the first time. DLR recently entered the Favored Zone of the SIA S&P 500 Index Report on June 9th at a price of $176.88. The stock is exhibiting extremely strong relative strength, climbing 42 spots over the past month, and 251 spots over the last quarter: illustrating consistent upward money flow into the shares. The shares currently reside in the 109th spot out of 505 positions in the report.

Shares of Canadian Tire Corp. (CTC.A.TO) have recently begun to improve in relative strength rankings, now moving higher within the SIA S&P/TSX 60 Index Report after an extended period in the unfavored zone. This development comes amid notable corporate initiatives, including the continued rollout of pet focused shop in shop concepts through a partnership with Petco and the company’s investment in NuPort Robotics, a Canadian firm advancing autonomous trucking solutions for middle distance logistics. Over the past quarter, CTC.A.TO has climbed 31 positions in the SIA matrix to rank #23. On an absolute basis, the shares have gained 25.85% in the past quarter and 24.42% year to date, compared to a 15.84% year to date gain for the SIA S&P/TSX 60 Index Fund (EWIXIU.TO).

SSR Mining Inc (SSRM.TO) entered the Favored Zone in the SIA S&P/TSX Composite Index Report on December 9, 2024, at a price of $10.10. Since then, the shares have continued to strengthen further as the closing price is now at $17.52 which represents a 73% increase since its entry in the Favored Zone approximately six months ago. This exemplifies the example of staying in investments in the green favored zone and reinforces SIA’s methodology of finding and staying with the winners which exhibit strong relative strength as many market participants are looking at the name.