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.
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.
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