Category: Daily Stock Report

Nvidia Corp’s (NVDA) relative strength recovery came to an abrupt end yesterday as the shares tumbled back down into the Unfavored Zone of the SIA S&P 100 Index Report, falling 35 spots to 86th place as the shares fell 7.1%.

Agnico Eagle Mines Ltd (AEM.TO) has re-entered the Favored Zone of the SIA S&P/TSX 60 Index Report yesterday moving up two spots to the 14th ranking

Charter Communications has fallen 9 spots in the SIA S&P 100 Index over the last month to sit in the 102 position (out of 103 names) at the bottom of the report.

Oracle Corp (ORCL) has moved into to the green Favored Zone in the SIA S&P 100 Index Report last week. It is currently ranked 22nd in the report having moved up 12 spots over the last month.

Enbridge Inc. (ENB.TO) has moved into the Red Unfavored zone in the SIA S&P/TSX 60 Index Report yesterday which it hasn’t been since January of this year. ENB.TO has dropped nine spots in the last month.

Base metal miner Teck Resources (TECK.B.TO) climbed 3 positions in the SIA S&P/TSX 60 Index Report to top spot on Friday and it is up 10 positions in the last month. Teck Resources has spent most of 2022 in the Green Favored Zone, except for a summer drop down into the red zone. Since returning to the Green Favored Zone, TECK.B.TO is up 16.5%.

Homebuilder DR Horton (DHI) returned to the Green Favored Zone of the SIA S&P 500 Index Report for the first time since January, continuing an upward trend in the relative strength rankings which started deep in the red zone back in April. Yesterday, DHI finished in 85th position up 59 places on the day and up 116 spots in the last month.

Reflecting a rotation into defensive health care stocks, and responding to positive clinical trial news, vaccine producer Moderna (MRNA) jumped 30 spots in the SIA S&P 500 Index Report yesterday to 13th place. The shares have been climbing back up the rankings since October and since they returned to the Green Favored Zone in early November, they have returned 27.3%.

After spending a year languishing in the red zone of the SIA NASDAQ 100 Index Report, most of that right near the bottom, Docusign (DOCU) suddenly shot straight up into the Green Favored Zone yesterday on the back of a positive earnings report that sparked a 7.3% rally in the share price. Docusign currently sits in 24th position after climbing 29 spots yesterday and 57 places in the last month.

Chipmaker for data center applications Broadcom (AVGO) started climbing back up the rankings in the SIA NASDAQ 100 Index Report in October. Yesterday it returned to the Green Favored Zone in 26th place after climbing 4 spots yesterday and 21 positions in the last month.