In 2024, CP Rail (CP.TO) posted a return of -0.05%, placing it at the bottom of the SIA relative strength matrix. It remains deeply in the red, ranking 50th out of 62 in the SIA S&P/TSX 60 Index, with support at $100.85. CN Rail (CNR.TO) saw a return of -10.53%, also in the “Unfavored” zone, with support at $138.84, $130.83, and $116.18. Both stocks have low SMAX scores of 0 and significant resistance levels dating back to 2021.
In 2024, the S&P 500 gained 23.31%, slightly behind 2023’s performance, while the S&P 100 and NASDAQ saw returns of 29.25% and 28.64%, respectively. Sector performance favored technology and financial services, with SIA Telecommunications and Computer Software posting significant gains. Heading into 2025, sectors like Computer Software and Aerospace show strong relative strength, while Metals and Mining, along with Energy, remain Unfavored.
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