Category: Daily Stock Report

Shares of 3M have made a dramatic return to the Favored Green Zone of the SIA S&P 100 Index Report after being entrenched in the Unfavored Red Zone for over 6 years, dating back to 2018. During this period, 3M shares yielded minimal returns, with a 5-year rate of return of +0.85% and a dividend yield of 2.24%, while the S&P 100 Index delivered a return of +13.04%.

Shares of Rogers Communications (RCI.B.TO) have been quiet on the SIA S&P TSX 60 Index Report as they languish low in the rankings (currently #59th spot). Rogers is not alone at the bottom of the matrix; it shares this weakness with the other two major wireless companies, Bell and Telus. From a performance standpoint, RCI.B.TO has returned shareholders -2.34% over the past 5 years and -14.09% YTD VS. S&P/TSX60 Index returns of +13.46% (5-yr) and +7.77% (YTD).

Ford Motor’s shares fell over 13% to a near six-month low on Thursday after the automaker missed second-quarter profit estimates, struggling with quality-related costs and intense competition in its EV business. This drop is disappointing for investors, who had seen Ford’s shares rise from $11.50 and approach resistance at $14.75 during a summer rally. The pullback confines the shares to a trading range that has persisted for nearly two years ($10.11-$14.74).

Goldman Sachs Group Inc. (GS), along with the broader banking and brokerage sector, has been experiencing a significant rally this year. GS shares proudly hold the #10 position in the SIA S&P 100 Index Report. Also situated in the Favored Green Zone are shares of JP Morgan, American Express, Bank of New York Mellon, Capital One, Wells Fargo, and CitiGroup, with many others positioned in the Neutral Yellow Zone of the report.

UPS starkly contrasts with its cousin FedEx, even within their sector on the SIA S&P 100 Index Report, showing significant underperformance. Analyzing the UPS relative strength chart reveals a downward trend from 2021 to 2023, moving from the Favored Green Zone to the bottom of the list. Following several warnings, earnings reports finally confirmed EPS at $1.79 versus the previous $2.54 and a consensus estimate of $1.99, leading to a sharp 12.1% drop—the largest single-day decline since its IPO in 1999. Our methodology avoids stocks in the Unfavored Red Zone, enforcing robust risk management to protect capital.

In February 2023, shares of Algoma Steel Group Inc. (ASTL.TO) were close to entering the Favored Green Zone only to retreat, while its winter run in 2024 was more successful as it rallied well up into the Favored levels only to retreat once more. Six months later and here we are again with shares now back in a Favored position at #54, up 80 spots in the past week and a whopping 114 rungs in the past month.

FirstService (FSV.TO) shares have slowly but steadily moved down the rankings in the SIA S&P/TSX 60 Index Report. They exited the red zone in March 2023 and climbed toward the top of the Yellow Neutral Zone, where they remained for the rest of 2023 and April 2024. However, they were unable to enter the Favored Green Zone and faced resistance, falling back into the Unfavored Red Zone, currently holding 41st place.

Pembina Pipeline Corp. (PPL.TO) has once again achieved Favored Green status in the SIA S&P/TSX 60 Report, now positioned at 14th place, climbing 7 spots in the past quarter and 3 spots just in the past week. The stock has steadily strengthened since last fall, entering the Neutral Yellow Zone in early September 2023 when it traded at $40.

Shares of energy darling Tourmaline (TOU.TO) exited the Favored Green Zone of the SIA S&P/TSX 60 Index Report in November 2023 as they came under distribution, alongside other natural gas producers. For the first half of 2024, the shares remained in the Unfavored Red Zone but began climbing the relative strength ranks, reaching the top of the Neutral Yellow Zone in the spring. Unfortunately, the shares are now underperforming the market again, sinking back into the Unfavored Red Zone, currently positioned at #46, slipping 21 spots in the past month.

Kinross Gold (K.TO) is leading not only in the gold sector but across Canada’s stock market. It holds the top spot in both the SIA S&P/TSX 60 Index and the SIA S&P/TSX Composite Index reports. Since reentering the Favored zone at the end of March, its shares have soared by 54.0%, while the broader market has risen by only 3.7%.