FedEx (FDX) started clawing its way back up the rankings in the SIA S&P 100 Index Report last October, slowly at first down deep in the red zone and then accelerating in February. Yesterday, FDX returned to the Green Favored Zone for the first time since August, finishing in 25th position, up 3 places on the day and up 19 spots in the last month.
Since we last mentioned Salesforce.com (CRM) in the March 3rd edition of the Daily Stock Report, the shares have gained 7.0%. A month ago, CRM returned to the Green Favored Zone of the SIA S&P 100 Index Report for the first time since the summer of 2020.
Athletic clothing producer and retailer Lululemon Athletica (LULU) has staged several significant swings between the red and green zones of the SIA NASDAQ 100 Index Report over the last year. This week, on the back of a positive earnings report, the shares have started another upswing, popping up out of the red zone into the Yellow Neutral Zone. The shares have climbed 15.8% in the last week, and the stock has moved up 52 positions in the last month to 40th place.
Workday (WDAY), a producer of human resource, finance and student information software, has been clawing its way back up the ranks in the SIA NASDAQ 100 Index Report since last summer, starting at the bottom of the red zone and returning to the Green Favored Zone this week for the first time since September of 2020.
With Silver attracting new interest from investors lately as a defensive haven alongside Gold, Pan American Silver (PAAS.TO) has rocketed up the ranks in the SIA S&P/TSX Composite Index Report, soaring up from deep in the red zone back into the Green Favored Zone for the first time since the summer of 2020.
Business software producer Oracle Corp.* has been steadily working its way up the rankings in the SIA S&P 500 Index Report. Starting deep in the red zone last March, Oracle returned to the Green Favored Zone in December and has been there since, returning 12.0%.
Two years of relative weakness for IT consulting and service provider CGI Inc. (GIB.A.TO) came to an end about a year ago. Starting last April, GIB.A spent the rest of 2022 slowly clawing its way back up the relative strength rankings in the SIA S&P/TSX 60 Index Report, a process which has accelerated since the start of this year.
CGI Inc. recently returned to the Green Favored Zone for the first time since January of 2020, and finished in 10th position on Friday, up 9 spots in the last month.
When we last looked at Shopify (SHOP.TO) in the February 22d issue of the Daily Stock Report, its shares were under pressure following a disappointing earnings report. Relative strength continued to weaken afterward and the shares dipped down into the red zone of the SIA S&P/TSX 60 Index Report. In recent weeks, however, the shares have rebounded and returned to the Green Favored Zone for the first time since early February.
Shopify has moved up 23 positions in the last month, including a gain of 2 spots yesterday, and it is currently in 7th place.
Royalty company Wheaton Precious Metals (WPM.TO) has been trending up the rankings in the SIA S&P/TSX Composite Index Report since September and with the exception of a short dip into the yellow zone earlier this month, it has consistently been in the Green Favored Zone since November.
Since we last mentioned WPM.TO in the December 8, 2022 edition of the Daily Stock Report, the shares are up 17.1%. Currently, WPM.TO is in 5th place, up 3 spots in the last month.
Franco-Nevada Corp (FNV.TO) has moved up 20 spots in the last week in the SIA S&P/TSX 60 Index Report and now ranks in the 16th position, just on the edge of entering the Favored zone. The last time it has ranked this high in the Report was in August of 2020. FNV.TO is up 6.17% over the last week and up 11% over the last month.
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