Category: Daily Stock Report

After spending most of a year drifting downward in the relative strength rankings of the SIA S&P 500 Index Report, Google parent Alphabet (GOOG), has been climbing back up the rankings since January.

Cruise line operator Carnival Corp. (CCL) has been rising a roller coaster within the SIA S&P 500 Index Report this year. Since January, CCL has climbed from the bottom of the red zone to the top of the Green Favored Zone, dipped back down into the red zone and popped back up recently, returning to the Green Favored Zone for the first time since March.

For the third time since the beginning of December, Royal Caribbean Cruises (RCL) has climbed up to top spot in the SIA S&P 500 Index Report. RCL has consistently been in the Green Favored Zone since January and has returned 28.3% over that period.

Shopify Inc.* (SHOP.TO) has climbed up to top spot in both the SIA S&P/TSX 60 Index Report and the SIA S&P/TSX Composite Index Report as a result of the enthusiastic response from investors to last week’s earnings reports. SHOP.TO returned to the Green Favored Zone in the SIA S&P/TSX 60 Index Report back in March.

American gas and electric utility provider The Southern Company (SO) shares entered the green favored zone at the end of April. It was in the Favored zone last October, but has seen a rechallenge of its previous levels moving up in relative strength and performance recently. It has moved up 21 spots in the SIA S&P 100 Index Report over the last month and 3 spots yesterday to be in the 23rd ranking currently.

In today’s edition of the Daily Stock report, we are going to take a look at Mullen Group Ltd which we have not highlighted since all the way back in April of 2021. Mullen Group Ltd. has risen in the SIA TSX Composite Report Index Report moving up 9 spots in the last month and 79 spots in the last quarter. The shares recently re-entered the Favored Zone of the report a few days ago and currently occupies the 53rd spot in the TSX Composite Index.

A six-week run in top spot of the SIA S&P 500 Index Report for First Solar (FSLR) has come to an abrupt end. Sentiment has soured significantly after the company reported disappointing earnings and the shares have crashed down into the Yellow Neutral Zone.

Supply chain management software producer Kinaxis (KXS.TO) climbed up out of the red zone and returned to the Green Favored Zone in the SIA S&P/TSX Composite Index Report between February and mid-March. In the six weeks since KXS.TO returned to the Green Favored Zone, the shares are up 9.6%. Yesterday it moved up 4 spots in the relative strength rankings to 30th place.

Starbucks (SBUX) has returned to the Green Favored Zone of the SIA S&P 100 Index Report from a three-month drop down into the yellow zone. The shares have moved up 19 positions in the last month to 25th place, including a gain of one spot on Friday.

Over the last six months, social media giant Meta Platforms (META) has climbed up the rankings in the SIA S&P 100 Index Report from the bottom of the red zone toward the top of the Green Zone. Yesterday, the shares jumped 13.9% in response to a positive earnings report and they are now up 31.9% since returning to the Green Favored Zone in March.