Packaged foods producer Mondelez International (MDLZ) jumped 8 spots in the SIA S&P 100 Index Report to 23rd place, and it is up 38 positions in the last month. This continues an upswing that started in the red zone and completes a turnaround which started back in 2021, returning the shares to the Green Favored Zone for the first time since 2019 and to their highest rank since early 2016.
McDonalds’ (MCD) relative strength has improved significantly over the last month, with the shares climbing from the red-yellow zone boundary back up into the Green Favored Zone of this SIA S&P 100 Index Report for the first time since December. MCD is currently in 21st place up 2 spots yesterday and up 27 positions in the last month.
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.
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