Back in February, Disney climbed up out of the Red Unfavored Zone of the SIA S&P 100 Index Report, moving back into the yellow zone for the first time in three years. The shares were unable, however, to continue their trend up into the green zone. In recent weeks, their relative strength has weakened again and DIS has tumbled back down into the Red Unfavored Zone.
Methanex Corp. (MX.TO) returned to the Green Favored Zone of the SIA S&P/TSX Composite Index Report for the first time since March of 2023. In the last month, the shares have rallied 10.2% compared with a gain of 1.6% for the Index.
DoorDash (DASH) had an impressive start to its life as a public company, staging big rallies in the summer of 2023 and again between November and April. It now appears, however, that a correction has started with a recent bearish Double Bottom breakdown signaling the start of a retreat.
In recent weeks, SLF.TO has started to show signs of peaking. Back in April, a rally stopped short of $75.00 and since then, a new downtrend of lower highs has emerged. On Friday the shares staged a bearish Double Bottom breakdown, signaling the start of a new downswing.
A major breakout is underway with Nextera Energy (NEE). In the last month alone, NEE has climbed 34 spots to 44th place of the SIA S&P 100 Index report, including a gain of 6 positions yesterday. NEE is up 14.1% in the last month, compared with a gain of only 0.7% for the Index.
Since Kinross Gold Corp. (K.TO) was last featured in the Daily Stock Report (DSR), its shares have rallied 16.4%, compared with a gain of only 0.3% for the S&P/TSX Composite Index, and a gain of 3.2% in the price of Gold over the same period. In today’s (DSR) we provide an update to this investment.
Cameco Corp.’s (CCO.TO) breakout to a new all-time high, indicates that the winter correction has ended and its long-term uptrend has resumed.
Over the last year, NVDA has returned 221.4%, including a year to date gain of 35.1%. In April, NVDA shares staged a correction but remained in the Green Favored Zone and have bounced back this month. Over the last month NVDA is up 4.71%, outperforming the 0.25% gain made by the S&P 100 Index over the same time period.
With the Aerospace sector attracting renewed interest in recent weeks, Bombardier (BBD.B.TO), has been making a steady ascent back up the rankings in the SIA S&P/TSX Composite Index Report since February, after previously spending six months in the red zone.
The shares finished in 12th position on Friday, up 84 spots in the last month. Over this time, the shares are up 27.4%, compared with a 0.75% loss for the S&P/TSX Composite Index.
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.
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