Category: Daily Stock Report

Semiconductor equipment producer Lam Research (LRCX) has consistently been in the Green Favored Zone of the SIA S&P 500 Index Report since February, returning 32.3% since we last mentioned it in the February 2nd edition of the Daily Stock Report. Yesterday, LRCX rallied 9.25% on the back of a positive earnings report and jumped 10 positions to 19th place.

Bouncing back from a spring dip down into the yellow zone, Copper producer First Quantum Minerals (FM.TO) returned to the Green Favored Zone of the SIA S&P/TSX 60 Index Report earlier this month and since then the shares have gained 17.5%. In the last month FM.TO has climbed 12 positions to 4th place.

With the exception of two dips into the yellow zone, most recently in May-June, steelmaker Nucor (NUE) has spent the last year in the Green Favored Zone of the SIA S&P 500 Index Report, reflecting robust economic conditions.
Nucor has been climbing up the rankings in the last month moving up 107 positions to 64th place. Yesterday, with the shares rallying 3.75% on the back of a positive earnings report, NUE moved up 10 spots.

With the exception of two short dips into the yellow zone, Prairiesky Royalty* (PSK.TO) has been in the Green Favored Zone of the SIA S&P/TSX Composite Index Report since the start of 2022. Over that time, PSK.TO has returned 63.3%. With crude oil and natural gas prices bounding back recently, Energy stocks have been attracting renewed interest and PSK.TO is the highest ranked Energy stock in this report currently sitting in 6th place, up 12 positions in the last month.

After underperforming its peers in late 2022, discount retailer Costco Wholesale (COST) has been climbing back up the rankings in the SIA S&P 100 Index Report since January starting in the red zone. On Friday, COST returned to the Green Favored Zone for the first time since November, finishing in 26th place, up 12 spots in the last month.

Shopping mall owner Simon Property Group (SPG) has been climbing back up the rankings in the SIA S&P 100 Index Report for a month now, exiting the red zone and recently returning to the Green Favored Zone for the first time since March. Simon is currently in 25th position, up 29 spots in the last month.

Benefitting from a resurgence in travel this summer which has also been seen by Airlines, Casino, Hotel and Resort operator Caesars Entertainment (CZR) has been climbing back up the ranks of the SIA S&P 500 Index Report lately. Over the last month, CZR has jumped 137 positions, including an upward move of 22 spots yesterday to 71st place, exiting the red zone and returning to the Green Favored Zone for the first time since March.

Slowly but steadily FirstService (FSV.TO) shares have been working their back up the rankings in the SIA S&P/TSX 60 Index Report. FSV.TO exited the red zone in March and has climbed toward the top of the Yellow Neutral Zone with a gain of 9 positions in the last month. Currently in 17th place, FirstService is two spots away from a return to the green zone where it hasn’t been since January of 2022.

Boosted by a positive response to its recent earnings beat, JPMorgan Chase (JPM) has climbed up out of the yellow zone (which was as far as it fell in the winter banking crisis) and back into the Green Favored Zone of the SIA S&P 100 Index Report for the first time since March. Yesterday it moved up 7 positions to 24th place and it is up 10 spots in the last month.

In today’s edition of the Daily Stock Report, we are going to feature Power Corp (POW.TO). This is the first time we have looked at Power Corp in almost two years. Power Corp has shown consistent strength over the last little while moving up 2 spots in the last month and 10 spots in the last quarter in SIA’s TSX 60 Index Report. Currently the shares sit in the Favored Zone in the SIA TSX 60 Index in the #13 spot of the report.