Chevron (CVX) exited the green zone of the SIA S&P 100 Index Report back in March and dipped into the red zone over the summer. Although it did manage to rebound for a few weeks in the late summer, for the last month, CVX has been drifting back down toward the bottom of the Yellow Neutral Zone finishing yesterday in 51st place down 7 spots on the day and down 20 positions in the last month with the share price down 14.6% over that time.
Nutrien has been stuck in the Red Unfavored Zone of the SIA S&P/TSX 60 Index report for nearly a year now. Over this time, they have declined in value by 33.5%, compared with a 1-year decline of 3.75% for the S&P/TSX 60 Index.
Back in August, the shares climbed up off of rock bottom where they spent May-July, but they were unable to escape from the Red Unfavored Zone, and recently they have started to tumble back downwards again. Yesterday, Nutrien finished in 46th place, down 4 spots on the day.
After a drop of 25 spots yesterday and 46 places in the last month, First Quantum is currently in 61st place in the SIA S&P/TSX 60 Index Report one spot outside of dead last.
Cable company Charter Communications finally made it back into the green zone of the SIA S&P 100 Index Report in July after spending over 18 months in the red zone. Its favored run didn’t last long, however. On Friday, after the company’s quarterly results fell short of expectations on the sales side, CHTR dropped 9.6% to cap off a 14.1% decline for the week. The shares plunged 22 spots on the day in the relative strength rankings to 35th place, exiting the green zone and dropping into the Yellow Neutral Zone.
Boeing (BA) has had a rough month since it was last featured in the September 26th edition of the Daily Stock Report. At that time, it had just fallen out of the green zone in the SIA S&P 100 Index Report. Since then, its relative strength has continued to weaken.
On the back of a positive earnings report, Microsoft (MSFT) gained 3.1% yesterday and climbed 4 spots in the SIA S&P 100 Index Report to 12th place. The software giant has been a relative outperformer for much of this year. Since entering the Green Favored Zone on March 14th, Microsoft is up 30.6%, compared with a gain of 6.8% for the S&P 500 Index over the same time frame.
In the wake of a disappointing quarterly report, which included an earnings miss, cuts to production guidance and news of more cost overruns at a key mine construction project, Teck Resources (TECK.B.TO) shares fell 8.9% yesterday. This selloff knocked the stock down 2 positions in the SIA S&P/TSX 60 Index Report and back down into the Yellow Neutral Zone.
In today’s edition of the Daily Stock Report, we are going to take a look at General Electric Co (GE). Currently the shares sit in the 3rd spot in the S&P 100 Index, up 3 spots in the last quarter.
American Express has been trending downward within the SIA S&P 100 Index Report Since March. It re-entered the Red Unfavored Zone in September and since then it has declined 11.3%. AXP is currently in 64th position after falling 5 spots on Friday and dropping 31 places in the last month.
In today’s edition of the Daily Stock Report, we are going to take a look at Cameco Corp (CCO.TO) which we last spoke about on May 24th, 2023, when it just entered the Favored Zone of the SIA S&P/TSX Composite Index Report at a price of $38.24. Cameco Corp. has risen 10 spots in the last quarter and currently occupies the 4th spot in the S&P/TSX Comp Index Report. Today the shares are at $52.61 representing an approximately 37% increase since entering the Favored Zone 5 months ago.
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