Stryker: Mako Spine And Shoulder Launching Is On Track (Downgrade To Hold)

Core Viewpoint - The investment thesis for Stryker Corporation (NYSE: SYK) is based on the anticipated launch of Mako shoulder and spine applications, which has contributed to a significant stock price increase of over 28% since December 2023, outperforming the S&P 500 index [1] Company Summary - Stryker Corporation's stock has seen a notable increase of more than 28% since the presentation of the Buy thesis in December 2023 [1] - The company's performance is linked to the potential launch of new applications for its Mako robotic surgical system, specifically in shoulder and spine procedures [1] Market Performance - Stryker's stock performance has outpaced the S&P 500 index, indicating strong market confidence in the company's future growth prospects [1]