Category: Daily Stock Report

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.

Mercadolibre (MELI) jumped 37 spots in the SIA Nasdaq 100 Index report in the last week, including a gain of 8 positions yesterday. In doing so, it has popped up out of the Unfavored zone, driven through the Neutral zone, and returned to the Favored zone for the first time since May.

SNC Lavalin (SNC.TO) has been steadily working its way up in the SIA S&P/TSX Composite Index Report since the start of this year, after spending all of 2022 stuck in the Red Zone. In March, it returned to the Green Favored Zone for the first time since September of 2021, and has gained 37.1% since then. Yesterday, SNC.TO climbed another 9 spots to 3rd place, and it is up 29 positions in the last month.

For the first time since joining the SIA S&P 500 Index Report back in March, grain trading and food processing company Bunge (BG) has entered the Green Favored Zone. This continues an upward trend which started in July and suggests that within yesterday’s broad market selloff there may have been some rotation into commodity and/or defensive sectors. Bunge currently sits in 111th place, up 64 spots yesterday and up 195 positions in the last month.

Drugmaker Merck (MRK) has been slipping down the rankings in the SIA S&P 100 Index Report since March. In July it fell out of the green zone into the Yellow Neutral Zone for the first time since last September and has continued to trend downward. Yesterday, Merck finished in 33rd position, down 2 spots on the day and down 17 places in the last month.

Tourmaline Oil (TOU.TO) has been steadily climbing up the rankings in the SIA S&P/TSX 60 Index Report since May. In June it exited the red zone and in July it returned to the Green Favored Zone for the first time since January. TOU.TO continues to rise up the relative strength rankings, finishing in 12th place yesterday, up 1 spot on the day and up 16 places in the last month.

Intuit (INTU), a producer of tax preparation and accounting software for individuals and small businesses, has been steadily climbing back up the rankings in the SIA S&P 500 Index Report since January of 2023. On Friday, it returned to the Green Favored Zone for the first time since January of 2022, finishing in 110th place, up 17 spots on the day and up 78 positions in the last month.