Category: Daily Stock Report

Since the beginning of November, Lightspeed Commerce (LSPD.TO) has climbed back up the SIACharts relative strength rankings and recently returned to the Green Favored Zone for the first time since July of 2022. Yesterday, Lightspeed finished in 24th place, up 9 spots on the day and up 36 positions in the last month.

Over the last six weeks, BlackRock (BLK) has snapped a downtrend, climbed up out of the red zone and has returned to the Green Favored Zone for the first time since February. In the last month, BlackRock has moved up 29 spots to 25th place.

SU.TO entered the Red Unfavored Zone on December 6th and has continued to slide down the rankings. In the last month, Suncor has dropped 27 positions to 45th place, including a decline of 6 spots last week.

3M Company, an Industrial conglomerate stock, has been residing in the Red Unfavored Zone for at least the last 5 years and currently sits in the 98th out of 103 spots in the SIA S&P 100 Index report, dropping 4 spots in the last quarter.

Credit card provider Capital One (COF) has been climbing up the relative strength rankings in the SIA S&P 100 Index Report since the end of October, leaving the red zone, returning to the Green Favored Zone for the first time since August and reaching its highest ranking since March.

Capital One has moved up 22 spots in the last week and 45 positions in the last month to reach 22nd place.

Tourmaline Oil (TOU.TO) spent most of this year in the green zone of the SIA S&P/TSX 60 Index Report, but its relative strength started to erode in early November. Over the last month, TOU.TO has dropped 34 spots in the relative strength rankings to 46th place, falling out of the green zone and deep into the Red Unfavored Zone. Since leaving the green zone, TOU.TO has lost 12.5% of its previous value.

Agricultural, forestry, machinery, and heavy equipment manufacturer Deere & Co. (DE) has been steadily sinking since it joined the SIA S&P 100 Index Report in the neutral zone back in September. Since it entered the report, it has declined by 13.8%, including a decline of 2.2% since it fell into the Red Unfavored Zone about a month ago, right about the time that broader markets took off. In comparison the comparable index ETF is up 3.8% in the last month.

Grocer Metro Inc. (MRU.TO) has been out of the green zone of the SIA S&P/TSX 60 Index Report since July of 2022. Over that time, the shares are down 2.5%.
Metro climbed up the rankings and out of the Red Unfavored Zone between March and October, but as North American equities have rallied over the last month, MRU.TO has sunk back into the Red Zone. On Friday, it finished in 33rd place, down 3 spots on the week and down 8 positions in the last month.

Relative strength analysis not only can help investors identify stocks that are outperforming their peers but also to avoid periods of underperformance. After climbing 6 spots in the last week and 12 positions in the last month, T-Mobile US Inc. (TMUS) has returned to the Green Favored Zone for the first time since November of 2022.