The market is showing signs of exhaustion with the SPDR S&P 500 ETF Trust down 1.4% heading into Friday. Despite this, the fund remains in an uptrend and above its 50-day moving average. Investors may consider defensive positioning if a deeper year-end pullback occurs. Focus on relative strength in leading stocks.

Seagate Technology (NASDAQ: STX) is excelling in global data storage solutions, benefiting from rising demand due to AI reshaping the data landscape. The company’s fiscal year Q1 2026 earnings beat expectations with EPS of $2.61 and revenue of $2.63 billion. Analysts have a Moderate Buy rating with a $268.64 price target.

Alphabet (NASDAQ: GOOGL) has surged over 100% from its 52-week low and generated over $100 billion in quarterly revenue for the first time, with net income of $34.97 billion. The stock continues to outperform the market, up 1.16% on the week, with strong earnings and growth in the Google Cloud segment.

Bloom Energy (NYSE: BE) has rallied over 516% with its solid oxide fuel cell systems for on-site power generation. Q3 2025 earnings beat estimates, with earnings of 15 cents per share and revenue of $519.05 million. The stock is up over 7% on the week, trading near all-time highs, showcasing strong relative strength.

Read more at Nasdaq: 3 Stocks Showing Relative Strength as Markets Pull Back