Cisco Systems dropped out of the Favored zone on August 15, 2019 at $46.25, and has not been back there since. Over four plus years stuck in the wilderness, CSCO has gained a paltry 3.3% to yesterday’s close of $47.80. During the same time frame, the S&P 100 Index has climbed 68.3%.
Technology and business consulting giant Accenture PLC (ACN) has been bouncing around the boundary between the Green-Favored and yellow-neutral zones in the SIA S&P 100 Index Report since May. Over this six-month period the shares have returned 15.0%. ACN has been on an upswing lately, climbing 8 positions in the last month to 25th place, returning to the Green Favored Zone from a short dip down into the yellow zone.
Hamilton steelmaker Stelco Holdings (STLC.TO) has seen its relative strength within the SIA S&P/TSX Composite Index Report improve dramatically in the last few weeks. Stelco started the year off strong, spending the first three months up in the Green Favored Zone, then drifted down into the red zone through the summer.
In the last month, Stelco has climbed 141 positions to 26th place, exiting the red zone, returning to the Green Favored Zone for the first time since March, and continuing to trend upward in the relative strength rankings.
For six months, SPG shares swung back and forth between the green and red zones of the SIA S&P 100 Index Report. Since the beginning of November, SPG has been steadily rising up the rankings and this week it has returned to the Green Favored Zone for the first time since August. Yesterday, SPG finished in 24th place, up 4 spots on the day and up 17 positions in the last month.
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.
Chipmaker Advanced Micro Devices (AMD) has returned to the Green Favored Zone of the SIA S&P 00 Report for the first time since July. A summer slide ended with the shares in the red zone but over the last six weeks, they have steadily clawed their way back. AMD finished in 24th position yesterday, up 4 spots on the day and up 27 places 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.
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