Personal products retailer Bath & Body Works (BBWI) has been on a roller coaster ride in the SIA S&P 500 Index Report for the last six months. Currently it is on an upswing, recently returning to the Green Favored Zone for the first time since March from a short drop down into the red zone.
Electric power producer Transalta Corp. (TA.TO) has been climbing back up the rankings in the SIA S&P/TSX Index Report since April. A nine-month stay in the red zone ended in May, and TA.TO has reached the top of the Yellow Neutral Zone, one position outside of the green zone where it has not been since August.
Cybersecurity software and service provider Zscaler (ZS) has rocketed up the rankings in the SIA NASDAQ 100 Index Report, rocketing up 81 positions in the last month to 23rd place.
Heavy equipment distributor Finning International (FTT.TO) made a big move up the rankings in the SIA S&P/TSX Composite Index Report between October and December.
Software producer Adobe Systems (ADBE) recently returned to the Green Favored Zone of the SIA S&P 100 Index Report for the first time since December of 2021. Adobe spent the last 16 months stuck in the red zone. It started to climb up off the bottom back in October, but its move back up the rankings has accelerated in the last month, over which time it has jumped 52 positions to 21st place.
Amazon.com (AMZN) spent 2 ½ years stuck in the red zone of the SIA S&P 500 Index Report but its relative strength has increased dramatically this year. Starting at the bottom of the red zone in January, AMZN has steadily marched back up the rankings and yesterday it returned to the Green Favored Zone for the first time since October of 2020. Yesterday AMZN finished in 119th place, up 8 spots on the day and up 174 positions in the last month.
A long-term relative strength downtrend in Tesla Motors (TSLA) shares appears to be ending. In the last few weeks, TSLA has rocketed up from the bottom of the red zone in the SIA S&P 100 Index Report and has climbed 70 positions in the last month toward the top of the Yellow Neutral Zone. Currently in 33rd place, TSLA is in its highest rank since September and is 7 spots away from a return to the green zone, where it has not been since January of 2022.
Canada’s Equitable Group (EQB.TO), better known as EQ Bank, started its rise up the relative strength rankings in the SIA S&P/TSX Composite Index Report back in November, and by March, it had returned to the Green Favored Zone for the first time since late 2021. The shares had a setback when sentiment turned against the banking sector in March, but this month it has been climbing once again and yesterday EQB.TO returned to the Green Favored Zone. The shares are currently in 57th place, after climbing 5 spots yesterday and 92 positions in the last month.
Electronics manufacturer Celestica (CLS.TO) has turned around dramatically since we last mentioned it in the April 26 edition of the Daily Stock Report. In the last month, CLS.TO has jumped 104 positions in the SIA S&P/TSX Composite Index report, including a gain of 12 spots yesterday to 26th place, and it has returned to the Green Favored Zone from a dip down into the red zone.
For the last six months, engineering consulting provider WSP Global* (WSP.TO) has been bouncing along the boundary of the yellow zone and the Green Favored Zone of the SIA S&P/TSX Composite Report, finishing Friday in 52nd position. In the SIA S&P/TSX 60 Index Report, WSP.TO is in 5th place after climbing 2 spots on Friday.
* WSP Global is held in some portfolios managed by SIA Wealth Management.
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