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.
Investment bank Morgan Stanley (MS) has been steadily sliding down the rankings in the SIA S&P 100 Report since February. MS dropped out of the green zone in March, and spent the summer hanging around the red/yellow zone boundary.
In recent weeks, the shares have dropped deeper into the Red Unfavored Zone. In the last month, MS has lost 15.6% and fallen 15 spots in the rankings to 70th position. Yesterday alone, Morgan Stanley lost 6.8% as investors were disappointed by the company’s latest earnings report.
A big rebound in the price of gold over the last week amid rising geopolitical tensions has ignited renewed interest in gold producing stocks. In the SIA S&P/TSX Composite Index Report, Kinross Gold* (K.TO) is currently the highest ranked gold producer, sitting in 24th place.
Kinross has climbed 7 spots yesterday, 19 spots in the last week, and 47 spots in the last month, and its 10.7% return over the last week is the third best in the S&P/TSX Comp Index report.
NFLX has fallen in the rankings within the SIA S&P 100 Index Report, dropping 45 spots over the last quarter, including a fall of 28 positions in the last month to 53rd place, exiting the green zone and sliding back down into the Red Unfavored Zone for the first time since May.
Responding positively to a better than expected earnings report, UnitedHealth Group (UNH) moved up 9 positions in the SIA S&P 100 Index Report to 25th place, returning to the Green Favored Zone for the first time since January. UNH had spend most of this year stuck in the red zone but has been moving up the rankings in recent weeks, climbing 36 spots in the last month.
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