STRYKER CORP. (SYK)

Today’s Daily Stock Report highlights Stryker Corp. (SYK), a leader in the medical device subsector, which has shown relative outperformance within the SIA US Healthcare Index, though it remains in the neutral zone of the broader SIA S&P 500 Index. The stock has experienced periods of consolidation followed by measured moves, with recent subsector activity sparking increasing interest from those monitoring the advanced medical devices industry.

CONSTELLATION ENERGY (CEG)

Constellation Energy Corp (CEG) holds the top spot in the SIA NASDAQ 100 Index Report with a perfect SMAX score of 10/10, reflecting a 168% return over the past year, including 25.81% in the last month. The stock is pushing through the psychological $300 level, with resistance at $306.29 and an extrapolated vertical count suggesting a potential move up to $373.36, while support is seen at $277.41, $241.51, and $223.11.

Rising Fear, Monthly Market Declines, and Potential Breakouts & Breakdowns

The market shows a mixed performance with Energy leading gains, while Real Estate and Technology face slight declines. Both the S&P 500 and NASDAQ are testing key support and resistance levels, signaling potential for market movement depending on future breaks or reversals. Volatility remains in focus, with recent fluctuations reflecting potential market adjustments.

ATKINSREALIS GROUP INC. (ATRL.TO)

In June 2024, AtkinsRealis Group Inc. (ATRL.TO) was highlighted in the Daily Stock Report after being detected as a relative strength outperformer using the SIA Platform, entering the SIA favored zone in March 2023. By November, shares reached $70, encountering resistance at $71.16, before a rally to $78.56, with technical analysis suggesting new resistance levels near $105.17. The SIA Construction sector remained strong, with recent positive readings signaling renewed accumulation and continued strength in ATRL.TO.

ADOBE INC. (ADBE)

Adobe’s stock continues to underperform despite being viewed by many analysts as a company with very strong fundamental valuations. Technically, ADBE is positioned at the bottom of the SIA relative strength matrix, facing significant resistance, while the broader software sector remains strong. The divergence between Adobe’s performance and that of its peers highlights ongoing challenges in overcoming technical barriers, despite its solid fundamentals. This shows the power of the SIA platform in providing valuable insights into market trends and technical performance.

RAYMOND JAMES FINANCIAL (RJF)

Raymond James Financial Inc. (RJF) has demonstrated impressive performance, with a 1-year return of 46.12% and a 3-month return of 26.89%, placing it in the SIA Favored zone within the SIA Financial Services Index Report. The SIA point-and-figure chart highlights key resistance and support levels, showing its recent re-entry into the favored zone. As we look to grow our platform in 2025, we consider our current clients like you to be our greatest opportunity for expansion. You understand firsthand the value we bring, and your referrals are the most meaningful way for us to continue evolving. We encourage SIA’s elite advisors to sign your colleagues up for a free SIA trial and allow them to experience the benefits of the platform. Thank you for your continued support—your referrals are truly appreciated.

EQT CORP. (EQT)

Natural gas prices have experienced a significant rally in 2024, with a peak-to-trough gain of 133%, making it one of the top-performing commodities of the year. After a steep decline in late 2022, natural gas prices bottomed at $1.66 before surging past key resistance levels, with the next major resistance at $4.63 and a band between $5.22 and $5.43. This upward trend has translated into strong performance for EQT Corp. (EQT), which has gained momentum within the SIA Russell 1000 Index Report. Surpassing key resistance levels in December 2024, EQT now finds support at $42.94, and with a perfect SIA SMAX score of 10, it is positioned for potential near-term outperformance.

Canadian Pacific Kansas City Ltd. (CP.TO) & Canadian National Railway Co (CNR.TO)

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.

SIA Market Sectors Report: Key Trends and Performances

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.

DEERE & COMPANY (DE)

Shares of Deere & Company (DE) have underperformed in 2024, but recent movement in the SIA S&P 100 Index Report suggests a potential shift. Since mid-August, DE shares have risen from near rock-bottom levels to the top of the “Unfavored” zone, while Caterpillar Inc. (CAT) has moved from the “Favored” zone down into the “Yellow Neutral” zone. Happy New Year Advisors!! For 2025, resolve to gain deeper insights into market trends with the SIA platform — SIA is here to help you stay ahead of these evolving dynamics.

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