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.
Microsoft* (MSFT) continues to work its way up the rankings in the SIA NASDAQ 100 Index Report. Continuing an upward trend that started in the red zone in January, MSFT has now reached its highest rank in over a year. Since returning to the Green Favored Zone about a month ago, the shares are up 5.2%.
Electronics manufacturer Celestica (CLS.TO) has been sliding back down the rankings in the SIA S&P/TSX Composite Index Report for about a month now. Yesterday, it dropped back down into the Yellow Neutral Zone for the first time since October.
Orthodontic device producer Align Technology has soared up the rankings in the SIA NASDAQ 100 Index Report this year. After spending most of 2022 stuck near the bottom of the red zone, SIA returned to the Green Favored Zone in January for the first time since October of 2021.
Drugmaker Eli Lilly (LLY) returned to the Green Favored Zone of the S&P 500 earlier this month from a dip down into the yellow zone, and since then, it has gained 8.6%. LLY finished Friday in 12th position, up 5 spots on the day and up 15 places in the last month.
Visa (V) has slowly been working its way back up the relative strength rankings in the SIA S&P 100 Index Report since January of 2022. Gains accelerated earlier this year, particularly since it exited the red zone back in January. Yesterday it returned to the Green Favored Zone for the first time since September of 2020.
Intuitive Surgical (ISRG) jumped 10.9% yesterday after the release of a positive earnings report that indicted demand for its robotic surgery and diagnostic services is bouncing back post-pandemic. The shares jumped 37 positions in one day in the SIA NASDAQ 100 Index Report, jumping directly from the red zone back into the Green Favored Zone for the first time since January.
Receive a daily newsletter with stock highlights, ETF rankings, weekly market focus and others.
