Today, we are going to look at Dollarama Inc. DOL.TO finished in 43rd position, up 3 spots on the day and up 46 places in the last month in the SIA TSX Composite Index. Over the last month, the shares are up 13.33%, compared with a decline of -1.14% for the TSX Composite Index.
Starbucks Corp (SBUX) shares dropped nearly 16% yesterday following their earnings release for fiscal Q2. Starbucks was already in the Unfavored zone of the SIA S&P 100 Index Report and fell 7 more spots yesterday to the 100th ranking out of 103 investments. Starbucks has been in the Unfavored zone since June of last year and is down around -25% during this time period. SIACharts’ RS rankings can help investors steer clear of earnings misses like Starbucks experienced yesterday.
Today we are going to look at Goeasy Ltd. GSY.TO finished in 31st position in the SIA TSX Composite Index, up 3 spots on the day and up 11 places in the last month. Over the last month, the shares are up 10.45%, compared with a decline of -2.04% for the TSX Composite Index.
In the last week, TSLA shares have popped 36.6%, and they are up 10.4% over the last month, compared with a 1-month loss of 2.2% for the S&P 100 Index. Yesterday, TSLA shares jumped 46 spots in the SIA S&P 100 Index Report to 51st place, leaving the red zone and returning to the Yellow Neutral Zone for the first time since October.
Technology giant International Business Machines (IBM) had been showing signs of peaking over the last month, when selling pressure intensified following last Thursday’s earnings report and guidance. In the last two trading days, the shares have dropped 22 positions in the SIA S&P 100 Index Report from 12th spot to 34th place, falling out of the green zone for the first time since October.
Salesforce.com, for example, dropped out of the green zone of the SIA S&P 100 Index Report down into the Yellow Neutral Zone, after falling 3 spots yesterday and 19 spots in the last month to 27th place. During the time it was in the green zone, which started in November, CRM returned 18.5% compared with a gain of 10.7% for the S&P 100 Index over the same period.
Five years to the day from the last time 3M (MMM) dropped into the red zone, and over six years since it fell out of the green zone of the SIA S&P 100 Index Report, MMM finally climbed back up into the Yellow Neutral Zone after moving up 40 spots in the last month.
Automaker General Motors (GM) spent most of 2022 and 2023 stuck in the red zone of the SIA S&P 100 Index Report and as recently as November, it was pretty much at rock bottom. Since moving up into the Yellow Neutral Zone, GM has gained 11.3% compared with a 4.9% return for the S&P 100 Index.
Big US banks have been climbing their way up relative strength rankings tables, and in many cases, moving up into the Green Favored Zone. Citigroup (C), for example, returned to the Green Favored Zone of the SIA S&P 100 Index Report, for the first time since June of 2021 after climbing 4 spots yesterday and 9 positions in the last month to 26th place.
Earlier this month, COP exited the red zone and has been moving up within the Yellow Neutral Zone, closing Friday in 32nd place, up 39 positions in the last month. Over that time, COP has gained 6.0%, while the S&P 100 Index has declined by 4.3%.
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