Bausch Health (BHC.TO) has rocketed up the relative strength rankings in the SIA S&P/TSX Composite Index Report since the beginning of this year from deep in the red zone toward the top of the Green Favored Zone. On Friday, BHC.TO finished in 6th place, up 17 spots on the day and up 85 positions in the last month.
Insurance giant Manulife Financial (MFC.TO) spent most of the last two years bouncing around between the red and yellow zones of the SIA S&P/TSX Composite Index Report. It started to steadily climb back up the rankings again in October and yesterday it returned to the Green Favored Zone for the first time since May of 2021. After moving up 9 positions yesterday MFC.TO is currently sitting in 53rd place, up 34 spots in the last month.
After rallying 13.3% yesterday on the back of a positive earnings report, AirBNB (ABNB) has returned to the Green Favored Zone of the SIA NASDAQ 100 Index Report.
GlobalFoundries (GFS), a provider of contract design and manufacturing services to the semiconductor industry, has been active in the SIA NASDAQ 100 Index Report lately. Since joining the index in December, GFS has done a round trip from the Green Favored Zone to the red zone and back again.
Chemical producer LyondellBasell Industries (LYB) started climbing back up the rankings in the SIA S&P 500 Index Report back in October. Its relative strength has really started to increase since it exited the red zone at the start of this year and yesterday it returned to the Green Favored Zone for the first time since June.
Starbucks (SBUX) has been steadily climbing back up the rankings in the SIA S&P 100 Index Report. Starting deep in the red zone back in June, SBUX has worked its way back up into the Green Favored Zone for the first time since the summer of 2021, and it is currently sitting in 24th place.
Casino and hotel operator MGM Resorts International (MGM) has been making its way back up the rankings in the SIA S&P 500 Index Report since August, exiting the red zone in October, and recently returning to the Green Favored Zone for the first time since March. Yesterday, MGM finished in 52nd place, up 53 spots on the day and up 211 positions in the last month.
Royal Caribbean Cruises continues to sail near the top of the Green Favored Zone of the SIA S&P 500 Index Report. Since returning to the green zone from a quick dip down into the yellow zone, the shares are up 25.5%. Yesterday, RCL climbed another 2 spots to 4th place and it is up 155 positions in the last month.
After spending nearly 18 months stuck in the red zone of the SIA S&P 500 Index Report, cruse line Carnival Corp. (CCL) has roared back to life and soared 437 spots in the relative strength rankings in the last month. CCL recently returned to the Green Favored Zone for the first time since June of 2021 and is currently sitting in 17th place.
Air Canada (AC.TO) has started to really climb up the rankings of the SIA S&P/TSX Composite Index Report since the beginning of this year. After spending 18 months stuck in the Red Zone, Air Canada has rapidly ascended through the yellow neutral zone, climbing 73 positions in the last month. After finishing in 64th place yesterday, Air Canada is currently sitting 5 spots away from the green zone.
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