Category: Daily Stock Report

Netflix (NFLX) has been working its way back up the rankings in the SIA S&P 100 Index Report for the past year. Starting at the bottom of the red zone, Netflix returned to the Green Favored Zone in February for the first time since August of 2020. NFLX then dipped back down into the red zone but with yesterday’s 9.2% gain which was ignited by subscriber growth numbers at the company’s upfront presentation to advertisers, the shares have returned to the Green Favored Zone. Currently, NFLX is in 26th position up 16 spots yesterday and up 30 places in the last month.

Datadog (DDOG), a producer of monitoring and data analytics systems for cloud computing, spent most of the last year stuck in the red zone of the SIA NASDAQ 100 Index Report. In recent weeks, it has rocketed back up the rankings and yesterday it returned to the Green Favored Zone for the first time since March of 2022. Yesterday it finished in 23rd place, up 4 spots on the day and up 74 positions in the last month.

Oracle Corp. (ORCL) has consistently been in the Green Favored Zone of the SIA S&P 100 Index Report since December and is currently in 5th place after moving up 2 spots yesterday. ORCL is up 43.4% Year To Date and up 8.9% since we last mentioned it in the March 28 edition of the Daily Stock Report.
* Oracle Corp is held in some portfolios managed by SIA Wealth Management

We last looked at Constellation Software Inc (CSU.TO) back on the February 3rd, 2023 edition of the Daily Stock Report. Today we see the shares have remained very strong since the shares entered the Favored zone on Feb 1st a few days prior to our last commentary of the shares. With the price as of yesterday’s close at $2630.12 and a price of $2373.06 since entering the favored zone we have seen a price appreciation of almost 11%. Currently the shares occupy the #4 spot in the SIA S&P/TSX 60 index, up 1 spot in the last quarter.

Martin Marietta Materials (MLM) is a producer of construction materials such as aggregates and asphalt. After spending nearly all of 2022 and most of this year to date stuck in the yellow zone of the SIA S&P 500 Index Report, MLM has climbed 155 positions in the last month to 77th place, recently returning to the Green Favored Zone for the first time since January of 2022.

Since we last mentioned Apple (AAPL) in the March 21st issue of the Daily Stock Report, it has remained in the Green Favored Zone of the SIA S&P 100 Index Report and has returned 10.4%. Currently it is sitting in 13th position.

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.