In this edition of Equity Leaders Weekly, we look at emerging markets and bank stocks as signs of investor confidence and sector rotation.
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In this edition of Equity Leaders Weekly, we look at emerging markets and bank stocks as signs of investor confidence and sector rotation.
About a month ago, DPM.TO climbed up from the Unfavored zone to the border of the Neutral zone to the Favored zone of the SIA S&P/TSX Composite Index Report, unwinding a tumble down the rankings that occurred over December and January. DPM.TO finished yesterday in 55th position, up 4 spots on the day and up 101 places in the last month.
Wesdome Gold Mines (WDO.TO) has climbed 23 positions over the last month to 10th place in the SIA S&P/TSX Composite Index Report. Since returning to the Favored Zone, WDO.TO is up 8.5%, while the S&P/TSX Composite Index is up 3.7% over the same period.
Weekly Market Recap (March 4-8, 2024) US Equity Indexes Decline This Week as Fed Chair Powell, Jobs Report Offer Mixed Views on Economy US equity indexes ended the week lower as February’s mixed payrolls report outweighed Federal Reserve Chair Jerome Powell’s more benign message reiterating policymaking will remain data-dependent. The Dow Jones Industrial Average… Continue reading Weekly Market Recap (March 4-8, 2024)
Broadcom Inc. (AVGO) has been an all-star in the SIA S&P 100 Index Report over the last 15 months, all of which have been in the Favored zone since December of 2022. During this time, it quickly rose to the top or near the top of the rankings and has been in the top 3 spots of the Report for most of its time returning over 156%.
Canada: TSX Gained Near 190 Pts Friday, Touched Above the 21,600 Level Canada’s main stock market, the Toronto Stock Exchange, gained near 190 points or 1% on Friday in closing out near 21,550, having earlier in the session even breached the 21,600 level for the first time since the Spring of two years ago. Today,… Continue reading Weekly Market Recap – Ending March 1, 2024
After struggling relative to its peers through the summer, Advanced Micro Devices (AMD) has rapidly climbed back up the relative strength rankings in the SIA S&P 100 Index Report. Currently, AMD is in 8th place, up 20 spots in the last month with the shares up 13.1%, compared with a 4.3% return for the corresponding index over the same time frame.
SPG returned to the Favored Zone of the SIA S&P 100 Index Report on November 16th, which was mentioned in the November 17th Daily Stock Report. Since then, the shares have climbed 8.6%, while the S&P 100 Index is up only 0.8% over the same time frame. SPG has also continued to rise in the relative strength rankings, having moved up another four spots in the last week to 17th place.
Yesterday, JPMorgan Chase & Co. (JPM) became the first US big cap bank to return to the Green Favored Zone of the SIA S&P 100 Index Report in some time climbing 2 spots to 25th place. JPM had been out of the Green Zone since August. JPM shares have gained nearly 10.5% in the last month.
Payments software producer Lightspeed Commerce Inc (LSPD.TO) has soared up the rankings in the SIA S&P/TSX Composite Report lately, leaving the red zone, driving up through the yellow zone and returning to the Favored zone for the first time since July of ’22, In the last month, LSPD.TO has popped 119 spots to 57th place.
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