SYK · PEAD ↑ 60

Stryker reported Q3 2026 EPS of $3.52 on 2026-10-29, missing the $3.56 consensus by $0.04 (-1.1%).

Print-day reaction was +2.5% versus the prior close, absorbing the modest EPS miss without meaningful selling pressure. The overnight gap into T+1 open retreated sharply, down -7.6%, suggesting after-hours participants pushed back on the initial enthusiasm. Over the following two trading days (T+1 close through T+3 close) the stock recovered and drifted +6.4%, decisively reversing the overnight fade. Cumulative abnormal return of +4.5% versus SPY.US — which declined -2.3% over the same window — places SYK in PEAD long territory; per the documented drift pattern, the read is held through 2027-01-26.