On a rough day for world markets, personal products producer Bausch Health (BHC.TO) was the top performer in the SIA S&P/TSX Composite Index Report yesterday with a gain of 2.5%. After spending over a year languishing in the red zone, BHC.TO has rocketed back up the rankings lately, recently returning to the Green Favored Zone for the first time since April of 2021. Yesterday, it finished in 44th place, up 90 spots in the last month.
In the last few days, IT cloud security provider Zscaler (ZS) has shot up the relative strength rankings in the SIA NASDAQ 100 Index reports, driving up from the red zone, where it had languished for six months, back up into the Green Favored Zone for the first time since February. Yesterday it finished in 16th place, up 10 spots on the day and up 66 positions in the last month.
Milk and cheese producer Saputo (SAP.TO) spent the last five years stuck in the red zone of the SIA S&P/TSX Capped Composite Index Report. In recent weeks, however, it has rocketed back up the rankings and recently returned to the green Favored Zone for the first time since the spring of 2017. On Friday it finished in 59th place, up 11 spots in the last week.
Starbucks’ (SBUX) relative strength has steadily been improving for several months now. In the SIA NASDAQ 100 Index Report, SBUX bottomed out in April deep in the red zone and has climbed back up toward the top of the Yellow Neutral Zone. After moving up 26 positions over the last month, Starbucks is currently sitting in 29th place, 3 spots outside of the green zone.
Energy stocks, both producers and service companies like Precision Drilling (PD.TO), came under significant pressure yesterday as oil & gas prices retreated. Precision Drilling has slid back down into the Yellow Neutral Zone yesterday, falling 7 positions to 68th place.
Between the slowdown in the housing sector and the price of lumber trading at less than half of where it was six months ago, forest products stocks like West Fraser Timber (WFG.TO) have started to struggle. WFG.TO has been sliding down the rankings in the SIA S&P/TSX Composite Index Report since July. Yesterday it dropped out of the green zone into the Yellow Neutral Zone after falling another 17 positions to 65th place.
Coal port operator Westshore Terminals (WTE.TO) dropped down into the Yellow Neutral Zone within the SIA S&P/TSX Composite Index Report on Friday for the first time since July of 2021. During the year-plus Westshore spent in the green zone, it returned 33.2%. On Friday it finished in 65th place, down 13 spots on the day and down 39 positions in the last month.
For the second time since plunging down the rankings in the SIA S&P/TSX Composite Index Report earlier this year, waste management company GFL Environmental (GFL.TO) is trying to make a comeback, climbing up out of the red zone into the Yellow Neutral Zone. Yesterday it jumped 34 positions to 112th place.
Since the start of 2021, Qualcomm has been riding up and down the rankings in the SIA S&P 500 Index Report like a roller coaster, having completed multiple trips between the red and green zones. After climbing through the spring and into the early summer, QCOM has started to sink again lately falling out of the green zone back into the Yellow Neutral Zone. Yesterday, Qualcomm finished in 180th place, down 16 spots on the day and down 126 positions in the last month.
After steadily sinking for 18 months, Element Fleet Management (EFN.TO) has rocketed back up the relative strength rankings within the SIA S&P/TSX Composite Index Report in the last few days, returning to the Green Favored Zone for the first time since November of 2020. Yesterday, EFN.TO jumped another 18 positions to 55th place.
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