FedEx (FDX) has been trending upward within the SIA S&P 500 Index Report since September. On Friday, FDX returned to the Green Favored Zone bouncing back from a two-month dip into the Yellow Zone. Yesterday it finished in 123rd place up 3 spots on the day and up 27 positions in the last month.
Electric vehicle producer Rivian Automotive (RIVN) was the top performer and one of only 14 stocks in the SIA NASDAQ 100 Index Report to post a gain in the face of yesterday’s broad market correction. Since joining the report back in December, the shares had been stuck deep in the red zone. Boosted by strong growth in deliveries, RIVN has rallied for a 35.0% gain in the last week, enabling the shares to soar up the rankings and climb into the Green Favored Zone. Yesterday, RIVN finished in 22nd place, up 9 spots on the day and up 57 positions in the last month.
Canadian Tire (CTC.A.TO) has been increasingly climbing up the rankings in the SIA SP/TSX 60 Index Report since the start of this year. In February, it ended 16 months of being stuck in the red zone and yesterday, it returned to the Green Favored Zone for the first time since September of 2021. After climbing 5 positions yesterday, and 11 spots in the last month, CTC.A finished yesterday in 15th place.
Insurance giant Sun Life Financial (SLF.TO) has been climbing up the rankings in the SIA S&P/TSX Composite Index Report since September. Yesterday it returned to the Green Favored Zone for the first time since late 2019, finishing in 58th place, up 16 positions in the last month.
Tim Horton’s parent Restaurant Brands International (QSR.TO) has been steadily climbing up the rankings in the SIA S&P/TSX 60 Index Report and has continued to move up since returning to the Green Favored Zone in May. On Friday it moved up another 4 positions to 5th place.
Vulcan Materials (VMC), a producer of aggregate and other construction materials, has been trending upward within the relative strength rankings of the SIA S&P 500 Index Report for about a year now. In May, it quickly moved up out of the red zone and returned to the Green Favored Zone for the first time since early 2022. Since returning to the Green Favored Zone, VMC has gained 13.3%. Yesterday, Vulcan climbed another 5 spots to 44th position and it is up 36 places in the last month.
Auto stocks have been attracting renewed interest recently. Ford Motor Company (F), for example, has soared up the rankings in the SIA S&P 100 Index Report this month exiting the red zone where it had been stuck since last September, and returning to the Green Favored Zone. Yesterday Ford finished in 22nd place, up 7 spots on the day and up 59 positions in the last month.
With travel related stocks attracting increased interest on anticipation of a strong summer vacation season, American Airlines (AAL) has been rising up the rankings in the SIA S&P 500 Index Report in recent weeks, climbing up out of the red zone and returning to the Green Favored Zone for the first time since March. Yesterday, AAL finished in 94th place, up 29 spots on the day and up 214 positions in the last month.
Costar Group (CSGP), a provider of data and analytics services to the commercial real estate industry, has been climbing back up the rankings in the SIA S&P 500 Index Report since April. Earlier this month, they returned to the Green Favored Zone and are up 10.0% since then. Yesterday, Costar finished in 75th place, up 10 spots on the day and up 84 positions in the last month.
Workday (WDAY), a producer of cloud based financial management and human resource management software has been trending upward within the SIA NASDAQ 100 Index Report since August. On Friday it returned to the Green Favored Zone for the first time since April, finishing in 26th place, up 3 spots on the day.
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