After spending over 18 months stuck in the red zone of the SIA S&P 100 Index Report, Boeing (BA) has rocketed back up the rankings in recent weeks, returning to the Green Favored Zone for the first time since April of 2021. Yesterday, Boeing climbed 10 spots to 22nd place and it is up 42 positions in the last month.
In today’s edition of the Daily Stock Report, we are going to take a look at Stella Jones Inc. (SJ.TO) which we have not highlighted since all the way back in August of 2020. Stella Jones Inc. which produces, markets, and sells pressure treated wood products in Canada and the United States, has recently moved back in the Favored Zone having risen in the SIA S&P/TSX Composite Index Report moving up 22 spots in the last month and 43 spots in the last quarter. Currently the shares occupy the 53rd spot in the Index.
Online shopping website support company Shopify (SHOP.TO) continues to climb up the relative strength rankings in the SIA S&P/TSX 60 Index Report. A move that started deep in the red zone in late October has culminated with SHOP.TO returning to the Green Favored Zone for the first time since August. SHOP.TO jumped 12 positions yesterday to 7th place and it has moved up 23 spots in the last month.
Online arts, crafts and gifts retailer Etsy (ETSY) has soared up the rankings in the SIA S&P 500 Index Report, climbing 389 positions in the last month, including 35 spots yesterday to 70th place. ETSY started deep in the red zone but has now returned to the Green Favored Zone for the first time since December of 2021.
With the relative strength of gold producers improving recently, Yamana Gold has bounced back over the last month from a dip down into the red zone of the SIA S&P/TSX Composite Index Report, returning to the Green Favored Zone yesterday after moving up 3 spots to 57th place.
Cosmetics producer and retailer Ulta Beauty (ULTA) has consistently been in the Green Favored Zone of the SIA S&P 500 Index Report since April, returning a gain of 14.7% over that time. Yesterday, it finished in 59 position, up 5 spots on the day and up 16 places in the last month.
For the last six months, athletic clothing producer and retailer Lululemon Athletica (LULU) has been trending upward within the SIA NASDAQ 100 Index Report Since returning to the Green Favored Zone in September, LULU is up 7.2%. On Black Friday, it moved up 2 positions to 18th place and it is up 9 spots in the last month.
Heavy equipment producer Caterpillar (CAT) returned to the Green Favored Zone in the SIA S&P 100 Index Report yesterday for the first time since June. A summer drop into the red zone bottomed out between July and September. This month, CAT’s relative strength has improved with a climb back up the rankings accelerating. Yesterday it finished in 21st place, up 5 spots on the day and up 47 positions in the last month.
Google parent Alphabet (GOOG) dropped 9.6% yesterday after reporting disappointing earnings. This selloff accelerated a downward trend which had already been in place for the stock within the SIA S&P 100 Index Report, taking it deeper into the Red Unfavored Zone. Yesterday, GOOG finished in 71st place, down 15 positions on the day and down 8 spots in the last month.
Since bottoming out deep in the red zone of the SIA S&P/TSX Composite Index Report back in June, Uranium and Vanadium producer Energy Fuels has been steadily climbing up the relative strength rankings, shrugging off a couple of downdrafts and driving toward the top of the Green Favored Zone. Yesterday, Energy Fuels climbed 9 spots to 16th place and it is up 102 positions in the last month.
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