Stock Market Outlook for February 18, 2025
Data continues to point to a strained trend of consumer activity at the start of this new year.
*** Stocks highlighted are for information purposes only and should not be considered as advice to purchase or to sell mentioned securities. As always, the use of technical and fundamental analysis is encouraged in order to fine tune entry and exit points to average seasonal trends.
Stocks Entering Period of Seasonal Strength Today:
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Dominion Energy, Inc. (NYSE:D) Seasonal Chart
Exelon Corp. (NASD:EXC) Seasonal Chart
George Weston Ltd. (TSE:WN.TO) Seasonal Chart
Unilever PLC (NYSE:UL) Seasonal Chart
Savaria Corp. (TSE:SIS.TO) Seasonal Chart
Black Hills Corp. (NYSE:BKH) Seasonal Chart
iShares Residential Real Estate Capped ETF (NYSE:REZ) Seasonal Chart
Vanguard Utilities ETF (NYSE:VPU) Seasonal Chart
Fortis Inc. (NYSE:FTS) Seasonal Chart
Loblaw Companies Ltd. (TSE:L.TO) Seasonal Chart
National Beverage Corp. (NASD:FIZZ) Seasonal Chart
Flowers Foods, Inc. (NYSE:FLO) Seasonal Chart
McCormick & Co., Inc. (NYSE:MKC) Seasonal Chart
Public Service Enterprise (NYSE:PEG) Seasonal Chart
Portland General Electric Co. (NYSE:POR) Seasonal Chart
Note: Monday is a stat holiday in Canada and the United States (Family Day in Canada, Presidents’ Day in the US), therefore our next report will be released on Tuesday. Enjoy the long weekend!
The Markets
Stocks closed mixed to end the week as traders took a breather heading into the three-day weekend in both Canada and the US. The S&P 500 Index was essentially unchanged, holding right around the 6100 hurdle that has acted as a cap to upside momentum in the past couple of months. The benchmark is managing to remain resilient above 20 and 50-day moving averages, despite the apparent loss of excitement to buy around present heights. Momentum indicators have negatively diverged from price since the middle of last year, highlighting the waning enthusiasm investors had been expressing towards tech-heavy benchmarks, like this, amidst extreme valuations. We continue to monitor the potential impact of the apparent rotation in the market on our list of candidates in the market to Accumulate and to Avoid and we have adopted more of a neutral stance as segments that were previously noted as Accumulate candidates fall off (eg. Technology) and as areas to Avoid are added.
Today, in our Market Outlook to subscribers, we discuss the following:
- Weekly look at the large-cap benchmark
- Alleviation of the pressures being imposed on equities from the US Dollar and the cost of borrowing
- US Retail Sales and the investment implications within
- Retailers staring a bloated inventory levels at the start of the new year
- Visa Spending Momentum Index
- Retail stocks
Subscribers can look for this report in their inbox or by clicking on the following link and logging in: Market Outlook for February 18
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Sentiment on Friday, as gauged by the put-call ratio, ended bullish at 0.72.
Seasonal charts of companies reporting earnings today:
S&P 500 Index
TSE Composite
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