Category: Daily Stock Report

Railroad Canadian Pacific (CP.TO) drifted down the rankings in the SIA S&P/TSX 60 Index Report over the last eight months of 2023, sliding out of the green zone and falling down into the red zone. In the last month, the stock’s relative strength has started to improve and the shares have climbed back up out of the red zone into the Yellow Neutral Zone.
In the last month, CP.TO has climbed 14 positions to 23rd place. Over that time, the shares have climbed 9.15% while the S&P/TSX Composite Index has fallen 0.75%.

Mattr Corp. (MATR.TO) has seen a notable resurgence, climbing 51 spots in the SIA S&P/TSX Composite Index Report to 54th place, marking its return to the Green Favored Zone. With a 5.2% increase in share value year-to-date, outperforming the S&P/TSX Composite’s 0.1% gain, Mattr presents a compelling piece in the energy sector.

Wesdome Gold Mines (WDO.TO) surged 25.2% in a month, outpacing the S&P/TSX Composite Index and gold prices, thanks to strong exploration, earnings, and recent acquisition. Climbing 123 spots to rank 38th, Wesdome re-enters the Green Favored Zone of the SIA S&P/TSX Composite Index Report for the first time since July 2022.

Stelco Holdings (STLC.TO) recorded a notable 17.0% drop in the last month, sharply contrasting with the S&P/TSX Composite’s 1.0% gain. The company’s recent exit from the green zone of the SIA S&P/TSX Composite Index Report, plunging 22 spots to 88th, underscores the urgent reassessment of stocks in the cyclical sectors.

Meta Platforms Inc (META) soared in premarket this morning after impressing on earnings and announcing a quarterly dividend. Since joining SIACharts’ Green Favored Zone in March 2023, META’s shares have surged 103.4%, with an 11.5% increase year-to-date.

2023 saw Intel Corp (INTC) soar in the SIA S&P 100 Index Report, gaining 94.56% vs. the S&P 100’s 30.83%. 2024 tells a different story: INTC dropped 30 ranks in a month, now 36th and in the SIACharts Yellow Neutral Zone, with a 14.2% YTD decline, while the S&P 100 is up 2.3%.

PDD Holdings Inc. (PDD), better reconized as the owner of temu.com, faces a sharp decline, dropping 15 ranks to 43rd in the SIA NASDAQ 100 Index Report amid a broader market selloff. Recently exiting the green zone into the Yellow Neutral Zone, PDD’s performance echoes last year’s pattern, suggesting potential volatility ahead.

Lockheed Martin (LMT) surpassed earnings estimates but its shares fell by 6.7%, underperforming the S&P 100’s 1.9% rise. SIACharts’ analysis shows a downward trend in LMT’s relative strength, moving from the green to the Red Unfavored Zone. The stock’s position declined by 11 spots in a week, now ranking 85th in the SIA S&P 100 Index Report.

Mining sector weakness, initially noted last week in Agnico-Eagle Mines and Wheaton Precious Metals, is now impacting steel. Algoma Steel (ASTL.TO) has fallen from its high, dropping to the Yellow Neutral Zone, and descending 49 spots to 64th place in a month.