Athletic clothing producer Nike, Inc. (NKE) sold off last week, dropping 12% in one day after cutting its sales guidance and announcing plans to cut costs.
With the brief exception of a few days in January, Nike has been outside of the green zone for this entire year, spending most of its time in the Red Unfavored Zone.
goeasy (GSY.TO) is a non-traditional Canadian lender, specializing in lease-to-own and point-of-sale financing for individuals. Back in October, the shares were in the red zone of the SIA S&P/TSX Composite Index Report. For nearly two months now, the shares have been steadily climbing up the relative strength rankings finishing Friday in 2nd place after rising 49 positions in the last month.
Online meal ordering and delivery service provider DoorDash (DASH) joined the SIA NASDAQ 100 Index Report last week near the top of the Green Favored Zone. Since joining, it has been holding steady in fifth place.
Yesterday, Qualcomm (QCOM) returned to the Green Favored Zone for the first time since August of 2022. Yesterday, Qualcomm finished in 26th place, up 3 spots on the day and up 26 positions in the last month.
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.
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