Category: Daily Stock Report

Today, we are going to look at Celestica Inc (ADBE) which we last commented on in the May 30th edition of the Daily Stock Report when it just entered the Favored Zone a few days prior in the SIA S&P/TSX Composite Index Report at a price of $17.50. Now the shares are at $28.05 representing a 60.1% increase in just under 3 months time. This is a perfect example of why it is important to look for names in the favored zone. The shares currently occupy the #1 spot in the S&P/TSX Composite Index, up 2 spots in the last month and 152 spots in the last quarter.

Today, we are going to look at Adobe Inc (ADBE) which we last commented on in the June 5th edition of the Daily Stock Report when it just entered the Favored Zone a week prior in the SIA S&P 100 Index Report at a price of $415.39. Now the shares are at $508.13 representing a 22.3% increase in just under 3 months time. The shares currently occupy the #9 spot in the S&P 100 Index, up 1 spot in the last month and 63 spots in the last quarter.

AltaGas Ltd. (ALA.TO) has moved up in the SIA TSX Composite Index Report on the edge of the Neutral zone in the 61st position needing just 4 more spots upwards to move into the Favored zone. Altagas has moved up 6 positions in the last week, 46 spots in the last month, and 88 spots in the last quarter.

Today, we are going to look at Caterpillar Inc (CAT) which we last commented on in the June 14th edition of the Daily Stock Report when it just entered the Favored Zone in the SIA S&P 100 Index Report at a price of $245.44. Now the shares are at $274.51 representing a 11.8% increase in just two months time. The shares currently occupy the #5 spot in the S&P 100 Index, up 1 spot in the last week and 49 spots in the last quarter.

Drugmaker Eli Lilly (LLY) has had a nice run in the Favored zone of the SIA S&P 100 Index Report where it holds the #1 ranking now. LLY has the best 1 day, 1 week, and 1 month performance out of all the holdings in the Report after a strong Q2 Earnings Report. Eli Lilly moved into the Favored zone in early April of 2023 and rose to one of the top holdings in the report after just a month.

Atlassian Corp. (TEAM) is an Australian Software Company that develops products for software developers and project managers. 10 days ago, the company’s latest earnings results forecast cloud computing revenue to increase by 25-30% and saw adjusted fourth-quarter earnings more than double from $0.27 to $0.57 above estimates leading to its largest one-day performance spike in 2 years. As a result, TEAM has moved up 12 spots over the last week and 28 spots over the past month within the NASDAQ 100 SIA ranked Index Report. The company currently is ranked 19th within the Favored zone since entering at the end of last week.

Cenovus Energy Inc. (CVE.TO) is a crude oil and natural gas producer, refiner, and upgrader. CVE.TO has continued its recent gains after reporting better than expected Q2 earnings at the end of July of 33 cents beating estimates. In the last month, CVE.TO has climbed 5 positions and up 30 spots over the last quarter within the SIA S&P/TSX 60 Index Report, finishing in 16th place about to move into the Favored zone.

Crescent Point Energy (CPG.TO) has been trending upward within the relative strength rankings in the SIA S&P/TSX Capped Composite Idx Report since March. In recent weeks, the shares have climbed back up into the Favored Zone for the first time since November. Yesterday, Crescent Point rose another 5 spots to 33rd place, and it is up 95 positions in the last month.