Category: Daily Stock Report

Franco-Nevada (FNV.TO) is currently the lowest ranked gold stock in the SIA S&P/TSX 60 Index Report. After falling 25 positions in the last month, FNV.TO is currently in 56th place, near the bottom of the Red Unfavored Zone and is down 13.3% over the last month. Since exiting the green zone back in June, FNV.TO has fallen by 14.1%.

In contrast, the highest ranked gold stock in the SIA S&P/TSX 60 Index Report is Kinross Gold* (K.TO), which is currently ranked in second place, near the top of the Green Favored Zone, where it has been since March. Kinross is up 3.7% in the last month.

*Shares of Kinross Gold are held in portfolios managed by SIA Wealth Management.

Yoga and athletic clothing retailer Lululemon Athletica (LULU) has been steadily making its way back up the relative strength rankings in the SIA NASDAQ 100 Index Report since June. Following gains of 5 spots yesterday and 23 positions in the last month, Lululemon finished yesterday in 26th place, returning to the Green Favored Zone for the first time since May.

The market seems to have a love-hate relationship with this stock, which has staged multiple swings back and forth between the red zone and the Green Favored zone of the SIA NASDAQ 100 Index Report over the last year.
Currently, DDOG appears to be back in favor with investors having jumped 51 positions in the last month, to 14th place. With this move, the shares have returned to the Green Favored Zone for the first time since August.

It’s potentially a busy week for retailers. Home improvement retailer Home Depot (HD) kicks off earnings season for retailers tomorrow, US Retail Sales for October are due on Wednesday and Walmart (WMT) reports results on Thursday.
Home Depot has been swinging back and forth between the red and yellow zones of the SIA S&P 100 Index Report for nearly two years, since exiting the green zone in January of 2022. Heading into these results, Home Depot’s relative strength has been weakening with the shares drifting down the rankings from the yellow zone back down into the Red Unfavored Zone. On Friday, HD finished in 63rd place, down 13 spots in the last month.

Energy giant Exxon Mobil (XOM) has had its ups and downs in the SIA S&P 100 Index Report in recent months.
After spending most of the first half of the year in the green zone, XOM dropped into the Yellow Neutral Zone turning into the summer. In September-October it clawed its way back up into the green zone but after a drop of 6 spots yesterday and 19 positions in the last month, it has returned to the Yellow Neutral Zone and is currently in 30th place.

Chipmaker Intel* (INTC) spent over two years stuck in the red zone of the SIA NASDAQ 100 Index Report. Since May, however, it has been steadily climbing up the rankings, starting near rock bottom, then spending the summer in the yellow zone.
This week, INTC has returned to the Green Favored Zone for the first time since April of 2020 after climbing 5 spots to 22nd place.

Ending a three-month stay and a six month run of increasing relative performance, Cenovus Energy (CVE.TO) tumbled out of the green zone within the SIA S&P/TSX 60 Index Report and dropped back into the Yellow Neutral Zone after falling 7 spots yesterday to 18th place.

A positive earnings report and a general rebound in equities, particularly previously depressed high-beta names, propelled Shopify (SHOP.TO) to a 19.3% gain last week, including a rise of 2.4% on Friday alone.
This big two-day rally brought two months of weakening relative performance to an abrupt end as the shares jumped 33 spots in the SIA S&P/TSX 60 Index Report last week, including a move up of 7 positions on Friday to 13th place.

Boosted by a positive reaction to a better than feared earnings report, athletic clothing producer Gildan Activewear (GIL.TO) rallied 14.8%. This move helped GIL.TO to jump 13 spots in the SIA S&P/TSX 60 Index Report to 14th place.