The social media giant spent 2022 stuck deep in the red zone of the SIA S&P 100 Index Report. Since November, however, the shares have been rising back up the rankings and yesterday it returned to the Green Favored Zone for the first time since October of 2021.
Gold producers have been attracting renewed interest this week in the midst of turmoil in the US banking system. Dundee Precious Metals (DPM.TO) is the highest ranked gold producer in the SIA S&P/TSX Composite Index Report, sitting in 7th position after climbing two spots yesterday.
Amid growing concerns about the health of the US banking sector, gold and gold producers have been attracting renewed interest from investors. Eldorado Gold (ELD.TO) had soared up the rankings back in November driving up from the red zone to the Green Favored Zone.
Payments technology provider Nuvei Corp. (NVEI.TO) has been on fire since reporting earnings earlier this week, gaining 6.6% yesterday and 23.3% over the last week. Since joining the SIA S&P/TSX Composite Index Report in December, the shares have been climbing the rankings moving from the red zone to the Green Favored Zone. Yesterday NVEI jumped 47 spots to 20th place.
Online retailer Etsy (ETSY) had been one of the relative strength success stories of 2022, climbing from the bottom of the red zone in the SIA S&P 500 Index Report, to the top of the green zone over the second half of the year. In recent weeks, and particularly in the days since retailers generally posted mixed earnings and weak guidance, retail stocks have been weakening and Etsy has been dropping back down the rankings.
Currently, ETSY sits in 245th place, 8 spots above the red zone near the bottom of the Yellow Neutral Zone. It fell 56 positions yesterday and is down 231 places in the last month.
After spending most of a year in the Red Unfavored Zone of the SIA S&P 500 Index Report, Seagate climbed up into the yellow zone in January which looked encouraging at the time. In recent weeks, however, Seagate’s relative performance has weakened and the shares have dropped back down into the Red Zone, posting a loss of 9.9% for the time it was in the yellow zone.
Seagate finished yesterday in 257th place, down 6 positions on the day and down 44 spots in the last month.
Back in January, Netflix (NFLX) returned to the green zone of the SIA S&P 100 Index Report for the first time since the summer of 2020. It’s stay in the green zone was short lived, however, as the shares have recently dropped back down into the Yellow Neutral Zone. NFLX has fallen 22 positions in the last month, including a drop of 3 spots yesterday and is currently in 33rd place.
Bouncing back from a recent dip into the red zone, Suncor Energy (SU.TO) has returned to the Green Favored Zone of the SIA S&P/TSX 60 Index Report for the first time since December. SU.TO has moved up 17 positions in the last month including a gain of 2 spots on Friday that carried the shares to 15th place.
Salesforce Inc.(CRM) has soared back up the rankings in the SIA S&P 100 Index Report since the start of this year, after spending 2022 stuck near the bottom of the red zone.
Home Depot’s (HD) long steady march up the rankings in the SIA S&P 100 Index Report started to fade about a month ago but has completely fallen apart in the week since the home improvement retailer reported disappointing results and guidance.
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