Category: Daily Stock Report

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.

As natural gas prices surge, with a 34.57% YTD increase by December 27th and an additional 15% spike today, energy exposure remains limited for rules-based SIA practitioners due to the sector’s overall “Unfavored” SIA ratings. However, TechnipFMC PLC (FTI), with a 45.30% YTD performance and strong relative strength, stands out as a top performer, offering potential opportunities for early exposure. While the broader energy sector faces technical challenges, these reports may help SIA practitioners identify the top relative strength stocks.

Honeywell International Inc. offers exposure to the growing quantum computing sector through its Quantinuum division. While recent technical indicators, such as the Point and Figure catapult formation and a strong SIA SMAX score (9/10), highlight notable technical strength, Honeywell remains in the Unfavored zone of the SIA S&P 100 Index Report, potentially making it a developing story worth monitoring with SIA Alerts for any upward movement in relative strength.

Victoria’s Secret, with a YTD return of 58.93%, ends the year in the top position on the SIA S&P Small Cap 600 Index Report. As the stock bounces off long-term resistance, this Christmas Eve report highlights key support levels. An important takeaway for 2024 is the power of big data analytics—advisors can leverage these insights to make more informed, data-driven decisions. As we head into the new year, now is the perfect time to double down on your SIA education and connect with SIA agents to maximize your advisory practice. From the entire SIA Team we wish you a very Merry Christmas!

Teck Resources Ltd. (TECK.B.TO) recorded a YTD return of +6.72% in late 2024, underperforming the +10.42% return of the SIA S&P/TSX 60 Equal Weight Index. The stock is testing critical support levels around $57.27, with further support at $46.06 and trend-level support near $43. The Metals and Mining sector is currently Unfavored within the SIA sector report.

Cenovus Energy (CVE.TO) has faced a difficult year in terms of stock performance. This analysis focuses on its key technical levels and provides an update on the WTI Crude market, which plays a significant role in Cenovus’s price movements.

After years of decline, Blackberry Limited (BB.TO) has shown signs of improvement, recently rising to position #63 in the SIA S&P/TSX Capped Composite Report. While the candlestick chart indicates a break of the downtrend line, the stock still faces significant resistance at this level, and the point-and-figure chart continues to show a long-term negative trend at $5.47. As BB.TO moves forward, key support levels at $4.15, $3.76, and $3.61 will be important to monitor.

As we head into 2025, China’s market shows signs of renewed strength, with KraneShares SSE Star Market 50 Index ETF (KSTR) climbing to the top of the SIA International Equity Universe ETF Report. Despite past underperformance, KSTR is now breaking resistance levels and showing improved relative strength, catching the attention of global investors. Is this the beginning of a sustained rally for the sleeping giant?

ERO Copper (ERO.TO) has dropped from over $32 to around $19, now in the SIA Unfavored zone with a low SMAX score of 0, signaling near-term weakness. The copper sector is facing challenges, with several leaders, including ERO.TO and III.TO, showing declines, and YTD returns for the subsector under pressure. Hudbay Minerals (HBM.TO) continues to lead in the SIA Copper Matrix with strong YTD gains, though it faces resistance at $12.95 and support at $11.96 to $9.14.

Shopify Inc. (SHOP.TO) has emerged as a top performer in the Canadian market, with a 59.14% YTD return, nearly recovering losses from the 2022 pullback. This rally has propelled SHOP.TO to the #1 position on the SIA S&P/TSX 60 Index, driven in part by strong performance in the SIA Computer Software sector. As shares approach key resistance levels, SIA technical analysis, including point-and-figure charts and relative strength tools, offers insight into potential price movements. With significant resistance ahead and a perfect SMAX score, the challenge of overcoming these levels is being closely watched.