US Stock Market Sector Analysis – Wednesday, August 21, 2024 BULLISH

The US stock market advanced broadly as 17 sectors finished higher and just two lower, led by strength in Analog & Embedded Chips (+3.0%) and Chip Equipment (+1.5%) after a rotation back into semiconductors. Microchip Technology (MCHP) jumped 3.2% to $78.43 and Texas Instruments (TXN) added 2.9% to $198.19, while Marvell (MRVL) rallied 2.8% to $70.95 as the Chip Supply Chain outperformed. The Magnificent 7 (Mag 7) group was positive overall (+0.5%), with Meta (META) up 1.6% to $531.59 and NVIDIA (NVDA) gaining 1.0% to $128.29, although Alphabet (GOOG) lagged, falling 0.8% to $166.35. Today's moves pushed the S&P 500 higher and reflected rotation into AI-related hardware and select software names across sector analysis.

Market Condition Dashboard

US 10-Year Treasury Yield

Neutral

3.79%

stable

Impact

Confidence

Crude Oil (WTI)

Neutral

$71.93

-2.9% 1D

Impact

Confidence

VIX (Fear Index)

Normal Range

16.3

+2.5% 1D

Impact

Confidence

Put/Call Ratio (5D)

Caution

0.75

Call-Heavy · stable

Impact

Confidence

Signal analysis only — not investment advice

Sector Performance (Base=100)

AI and Technology Sector Analysis

AI demand kept the Mag 7 in focus as Meta (META) $531.59 and NVIDIA (NVDA) $128.29 led gains, signaling continued capital deployment into models and services. Strength in the Chip Supply Chain, exemplified by Marvell (MRVL) $70.95, and Infrastructure names like Super Micro (SMCI) $62.38 shows the hardware layer is participating in the same cycle as software spending. Enterprise Software resilience, with Enterprise Software sector up +0.3% and CrowdStrike (CRWD) $68.30 outperforming, underscores that AI projects are still driving SaaS consumption and ongoing cloud infrastructure upgrades.

US Stock Sector Overview

Sector	1D	5D	20D	vs 50MA
Mag 7 (AI Spenders)	+0.5%	+2.0%	+5.6%	ABOVE
Chip Supply Chain	+1.1%	+1.8%	+0.0%	ABOVE
Infrastructure	+1.2%	-0.1%	-0.8%	ABOVE
Enterprise Software	+0.3%	+1.6%	+7.9%	ABOVE
Finance	-0.1%	+0.5%	+1.9%	ABOVE
Healthcare	-0.1%	+1.0%	+9.7%	ABOVE
Retail	+0.8%	+1.8%	+8.0%	ABOVE
IT Services	+0.8%	+2.1%	+2.3%	ABOVE
Airlines	+0.4%	-0.8%	-8.7%	BELOW
Hospitality & Travel	+0.8%	+2.2%	-0.8%	BELOW
Food & Restaurant	+0.6%	+1.9%	+21.3%	ABOVE
Logistics	+0.2%	+1.7%	-0.2%	BELOW
Industrial	+0.3%	+0.6%	-0.2%	BELOW
Cybersecurity	+0.6%	+5.0%	+10.0%	ABOVE
Chip Equipment	+1.5%	-0.5%	+3.9%	ABOVE
Data Center REITs	-0.2%	-0.5%	+4.2%	BELOW
Utilities	+0.7%	+1.7%	+7.5%	ABOVE
Energy	-0.1%	-2.0%	-4.5%	BELOW
Defense & Aerospace	-0.6%	-0.7%	+3.7%	ABOVE
Telecom	+0.1%	+1.8%	+5.4%	ABOVE
Media & Entertainment	+0.4%	+3.6%	+5.8%	BELOW
Biotech	+0.3%	+1.5%	-1.3%	ABOVE
Materials	+0.8%	+0.9%	+5.4%	ABOVE
Analog & Embedded Chips	+3.0%	+2.5%	+1.9%	BELOW

Sector Strength

Analog & Embedded Chips +3.0% 20d: +1.9%

Microchip Technology (MCHP) +3.2% (20d: -2.6%) [<50MA], Texas Instruments (TXN) +2.9% (20d: +6.4%)

Chip Equipment +1.5% 20d: +3.9%

ASML +1.9% (20d: +9.6%), Applied Materials (AMAT) +1.4% (20d: +3.4%), Lam Research (LRCX) +1.2% (20d: -1.2%) [<50MA]

Infrastructure +1.2% 20d: -0.8%

Super Micro (SMCI) +2.1% (20d: -10.3%) [<50MA], Vertiv (VRT) +1.9% (20d: +2.0%), Dell (DELL) +0.9% (20d: +0.2%)

Chip Supply Chain +1.1% 20d: +0.0%

Marvell (MRVL) +2.8% (20d: +11.5%), Intel (INTC) +2.0% (20d: -30.7%) [<50MA], Qualcomm (QCOM) +1.2% (20d: -0.7%) [<50MA]

IT Services +0.8% 20d: +2.3%

Accenture (ACN) +1.0% (20d: +1.1%), IBM +0.6% (20d: +3.6%)

Sector Warnings

Defense & Aerospace -0.6% 20d: +3.7%

RTX Corp (RTX) -0.6% (20d: +3.9%), General Dynamics (GD) -0.6% (20d: +1.1%), Lockheed Martin (LMT) -0.6% (20d: +6.2%)

Data Center REITs -0.2% 20d: +4.2%

Equinix (EQIX) -0.9% (20d: +6.9%), Digital Realty (DLR) +0.4% (20d: +1.6%) [<50MA]

Sector Deep Dive

Analog & Embedded Chips led sector performance today, climbing +3.0% as investors rotated back into cyclical semiconductor names. Microchip Technology (MCHP) rose 3.2% to $78.43 and Texas Instruments (TXN) gained 2.9% to $198.19; both names remain above their 50-day trend context, reinforcing short-term momentum across the 50-day window. The sector's 5-day strength (+2.5%) and 20-day gains (+1.9%) suggest buyers re-entering after a recent consolidation, making selective exposure to market leaders attractive for traders tracking 50-day setups.

Chip Supply Chain showed steady participation with a +1.1% daily gain and Marvell (MRVL) up 2.8% to $70.95 leading the group. The sector is trading above its 50-day context, and the 5-day move (+1.8%) supports the thesis that component demand tied to AI and networking is firm over the last 50 days. Given the 20-day flat reading (0.0%), positioning should favor stocks with clear order-book visibility and margin leverage as the 50-day trend remains the primary guide.

Cybersecurity was constructive (+0.6%) with CrowdStrike (CRWD) jumping 2.5% to $68.30 while Palo Alto Networks (PANW) lagged, falling 2.2% to $179.88; the sector sits above its 50-day trend overall. The 20-day gain (+10.0%) highlights strong short-to-intermediate momentum, but dispersion within names indicates stock-specific news and earnings expectations are driving moves within the 50-day window. For allocators, overweighting high-quality recurring revenue franchises that are trading above their 50-day trend remains the preferred risk-managed approach.

Infrastructure and Data Center dynamics diverged: Infrastructure rose +1.2% with Super Micro (SMCI) up 2.1% to $62.38, reflecting demand for AI-optimized servers and networking gear above 50-day levels. Conversely, Data Center REITs were down -0.2% with Equinix (EQIX) falling 0.9% to $787.67 and trading below its 50-day context, highlighting rent and capex sensitivities. The 20-day readings favor infrastructure hardware over REITs, and investors should separate equipment cyclicals (above 50-day trend) from real estate exposures that remain under 50-day pressure.

Market Breadth Analysis

US stock market breadth analysis shows 16 of 24 sectors trading above their 50-day moving average, while 8 are below. The majority of sectors holding above the 50-day MA indicates healthy medium-term momentum. With 17 sectors positive over 20 days, buying pressure remains broad-based.

Interactive Charts

S&P 500 & NASDAQ 100

50-Day Sector Performance

1-Day vs 5-Day Sector Change

Stock-Level Detail

Mag 7 (AI Spenders) Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
META	$531.59	+1.6%	-0.4%	+18.0%	N/A	ABOVE	0
NVDA	$128.29	+1.0%	+4.6%	+14.4%	N/A	ABOVE	0
TSLA	$223.27	+1.0%	+4.3%	+1.4%	N/A	ABOVE	0
AMZN	$180.11	+0.7%	+1.4%	+0.1%	N/A	ABOVE	0
AAPL	$224.72	-0.0%	+0.7%	+4.2%	N/A	ABOVE	1
MSFT	$418.33	-0.2%	+0.7%	+1.6%	N/A	ABOVE	1
GOOG	$166.35	-0.8%	+2.7%	-0.9%	N/A	BELOW	1

Chip Supply Chain Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MRVL	$70.95	+2.8%	+2.9%	+11.5%	N/A	ABOVE	0
INTC	$21.41	+2.0%	+3.5%	-30.7%	N/A	BELOW	0
QCOM	$166.95	+1.2%	+0.5%	-0.7%	N/A	BELOW	0
ARM	$131.20	+1.0%	+0.6%	-12.0%	N/A	BELOW	0
AMD	$157.81	+0.9%	+7.1%	+14.1%	N/A	ABOVE	0
AVGO	$162.72	-0.1%	-0.2%	+11.1%	N/A	ABOVE	2
TSM	$167.14	-0.3%	-1.4%	+7.0%	N/A	ABOVE	2

Infrastructure Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
SMCI	$62.38	+2.1%	-0.5%	-10.3%	N/A	BELOW
VRT	$77.80	+1.9%	-6.0%	+2.0%	N/A	ABOVE
DELL	$108.50	+0.9%	+1.4%	+0.2%	N/A	ABOVE
HPE	$17.97	+0.6%	+0.6%	-2.9%	N/A	BELOW
CSCO	$48.11	+0.4%	+4.0%	+6.8%	N/A	ABOVE

Enterprise Software Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
PLTR	$32.54	+0.7%	+4.2%	+22.2%	N/A	ABOVE	0
ADBE	$565.79	+0.6%	+2.1%	+6.3%	N/A	ABOVE	0
NOW	$167.84	+0.1%	+0.8%	+1.3%	N/A	ABOVE	0
CRM	$257.39	-0.3%	-0.6%	+1.8%	N/A	ABOVE	2

Finance Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
JPM	$205.95	+0.0%	+1.4%	+2.8%	N/A	ABOVE	0
GS	$476.66	-0.2%	-0.5%	+1.0%	N/A	ABOVE	2

Healthcare Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LLY	$940.17	+0.2%	+2.2%	+16.1%	N/A	ABOVE	0
UNH	$552.56	-0.4%	-0.3%	+3.3%	N/A	ABOVE	1

Retail Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
WMT	$74.07	+0.9%	+3.1%	+7.8%	N/A	ABOVE	0
COST	$873.22	+0.6%	+0.5%	+8.2%	N/A	ABOVE	0

IT Services Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ACN	$320.96	+1.0%	+2.6%	+1.1%	N/A	ABOVE	0
IBM	$188.27	+0.6%	+1.7%	+3.6%	N/A	ABOVE	0

Airlines Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UAL	$41.99	+0.6%	-1.6%	-10.1%	N/A	BELOW	0
DAL	$39.28	+0.1%	+0.0%	-7.2%	N/A	BELOW	0

Hospitality & Travel Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
BKNG	$147.12	+1.0%	+2.8%	+2.1%	N/A	ABOVE	0
MAR	$220.98	+0.6%	+1.5%	-3.7%	N/A	BELOW	0

Food & Restaurant Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MCD	$276.36	+1.4%	+5.4%	+15.2%	N/A	ABOVE	0
SBUX	$88.73	-0.2%	-1.6%	+27.3%	N/A	ABOVE	1

Logistics Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
FDX	$225.47	+1.1%	+2.6%	-2.4%	N/A	BELOW	0
UPS	$114.66	-0.8%	+0.8%	+1.9%	N/A	BELOW	2

Industrial Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
HON	$191.88	+0.7%	+2.0%	+0.0%	N/A	BELOW	0
CAT	$335.23	-0.1%	-0.8%	-0.4%	N/A	ABOVE	2

Cybersecurity Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CRWD	$68.30	+2.5%	+4.9%	+7.5%	N/A	ABOVE	0
ZS	$200.47	+1.7%	+5.3%	+10.1%	N/A	ABOVE	0
PANW	$179.88	-2.2%	+4.8%	+12.4%	N/A	ABOVE	1

Chip Equipment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
ASML	$929.26	+1.9%	+1.7%	+9.6%	N/A	ABOVE
AMAT	$205.65	+1.4%	-1.3%	+3.4%	N/A	ABOVE
LRCX	$85.85	+1.2%	-1.9%	-1.2%	N/A	BELOW

Data Center REITs Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DLR	$141.33	+0.4%	-0.1%	+1.6%	N/A	BELOW	0
EQIX	$787.67	-0.9%	-0.9%	+6.9%	N/A	ABOVE	2

Utilities Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
SO	$82.70	+0.9%	+1.5%	+8.1%	N/A	ABOVE
NEE	$75.16	+0.8%	+2.9%	+8.4%	N/A	ABOVE
DUK	$105.94	+0.3%	+0.6%	+5.8%	N/A	ABOVE

Energy Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CVX	$134.91	+0.4%	+0.1%	-6.7%	N/A	BELOW	0
XOM	$107.47	-0.6%	-4.1%	-2.3%	N/A	BELOW	2

Defense & Aerospace Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LMT	$525.36	-0.6%	-1.2%	+6.2%	N/A	ABOVE	5
GD	$283.04	-0.6%	-0.6%	+1.1%	N/A	ABOVE	1
RTX	$113.65	-0.6%	-0.4%	+3.9%	N/A	ABOVE	2

Telecom Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
VZ	$36.01	+0.5%	+2.5%	+2.8%	N/A	ABOVE	0
T	$17.82	+0.3%	+2.4%	+1.8%	N/A	ABOVE	0
TMUS	$189.20	-0.4%	+0.4%	+11.6%	N/A	ABOVE	2

Media & Entertainment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DIS	$88.65	+1.1%	+2.2%	+1.7%	N/A	BELOW	0
NFLX	$69.71	-0.2%	+5.1%	+9.9%	N/A	ABOVE	1

Biotech Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GILD	$70.93	+0.5%	+1.1%	-1.8%	N/A	ABOVE	0
AMGN	$311.71	+0.2%	+1.9%	-0.9%	N/A	ABOVE	0

Materials Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LIN	$449.97	+0.8%	+1.2%	+4.2%	N/A	ABOVE	0
APD	$261.86	+0.8%	+0.6%	+6.5%	N/A	ABOVE	0

Analog & Embedded Chips Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MCHP	$78.43	+3.2%	+1.9%	-2.6%	N/A	BELOW	0
TXN	$198.19	+2.9%	+3.2%	+6.4%	N/A	ABOVE	0

Key Stock Movers

Today's biggest movers by absolute percentage change: Microchip Technology (MCHP) (Analog & Embedded Chips) rose 3.2% to $78.43. Texas Instruments (TXN) (Analog & Embedded Chips) rose 2.9% to $198.19. Marvell (MRVL) (Chip Supply Chain) rose 2.8% to $70.95. CrowdStrike (CRWD) (Cybersecurity) rose 2.5% to $68.30. Palo Alto Networks (PANW) (Cybersecurity) fell 2.2% to $179.88. These individual stock movements were key drivers of their respective sector performance.

Risk and Opportunity Assessment

No high-severity risk alerts are active. Market conditions are favorable, but always maintain awareness of potential profit-taking after extended rallies. Sector diversification remains important to manage concentration risk.

US Stock Market Outlook

Looking forward, breadth is constructive with 16 sectors above their 50MA and 8 below, so the market backdrop favors selective pro-risk positioning into leadership that remains above the 50-day trend. Alert counts were modest today but we continue to watch dispersion within Cybersecurity and Data Center names for short-term reversal risk; the S&P 500's internals suggest leadership is narrow and momentum-driven. Tactically, favor exposure to AI-related hardware and enterprise software names that are above their 50-day trend while trimming weaker REIT and Energy holdings that remain below the 50-day reference.

← 2024-08-20

Calendar

2024-08-22 →