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.
McDonalds (MCD) has been sliding down the rankings in the SIA S&P 100 Index Report since July, exiting the green zone and falling through the yellow zone. After a drop of three places yesterday and 10 spots in the last month to 54th position, McDonalds has returned to the Red Unfavored Zone for the first time since April of 2022.
Biotech giant Amgen (AMGN) spent most of the first half of this year stuck in the red zone of the SIA S&P 100 Index Report. Since August, however, it has been steadily making its way back up the relative strength rankings. Yesterday, after jumping 11 positions to 25th place, capping off a gain of 26 places in the last month, Amgen returned to the Green Favored Zone for the first time since December of 2022.
Diamondback Energy has been steadily climbing up the rankings in the SIA S&P 500 Index Report since July, when it exited the red zone. In August it returned to the Green Favored Zone for the first time since May and it continues to work its way up the relative strength rankings with a gain of two spots yesterday.
Walmart Inc. (WMT) has moved into the Favored zone of the SIA S&P 100 Index Report on September 25th for the first time in 3 years. It has since moved up 5 spots over the last month and currently holds the 23rd spot in the rankings.
Shares of food and beverage producer PepsiCo (PEP) continue to drift downward heading into Tuesday’s earnings report. PEP exited the green zone of the SIA S&P 100 Index Report at the beginning of July and since then, the shares are down 12.5%. Yesterday, PEP dropped into the Red Unfavored Zone for the first time since March after falling another 6 spots to 56th place.
Significant variations in Apple’s (AAPL) relative strength across a number of reports in recent months highlights the importance of the SIA Rank feature in SIA Charts, which averages a stock’s ranking across several reports. For example, although Apple is still barely clinging to the Green Favored Zone in the SIA S&P 100 and SIA S&P 500 Index Reports, it has dropped into the Yellow Neutral Zone in the SIA NASDAQ 100 and SIA Russell 1000 Index Reports along with a number of technology sector reports giving it an overall SIA rank in the Yellow Neutral Zone.
Apple has been trending downward in the SIA NASDAQ 100 Index Report since July, and it is down 5.4% since exiting the green zone. Yesterday it finished in 47th position, down 7 spots in the last month.
Caught between the negative impacts of rising interest rates and falling stock and bond markets, investment banks like Morgan Stanley (MS) have been struggling in the relative strength rankings this year. MS, for example, exited the green zone of the SIA S&P 100 Index Report back in April and spent the summer bouncing along the boundary between the yellow zone and the Red Unfavored Zone. In the last month, MS has dropped 9 spots to 59th place.
Between October of 2022 and May of 2023, Shopify (SHOP.TO) climbed all the way up the rankings in the SIA S&P/TSX 60 Index Report from dead last to top spot. Since July, Shopify has been losing relative ground, dropping out of the green zone and returning to the Red Unfavored Zone for the first time since March. Yesterday Shopify finished in 32nd place, down 28 spots in the last month.
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