US Stock Market Sector Analysis – Thursday, August 29, 2024 Sectors: BULLISH

NVIDIA (NVDA) led headlines as shares plunged 6.4%, sparking a tech-led reprice that pressured the Mag 7 and weighed on chip-related sectors in the US stock market. The Magnificent 7 group finished down modestly as a whole (Mag 7 (AI Spenders) -0.5%) even as Apple (AAPL) climbed 1.5% and NVIDIA’s weakness pushed Magnetics across the chip supply chain. Strength in select travel and security names offset some downside: ARM Holdings (ARM) jumped 5.3% and United (UAL) rallied 3.2%, while CrowdStrike (CRWD) added 2.8%. The S&P 500 held up with breadth skewed positive across 14 sectors higher and 10 sectors trading below their 50-day context.

Market Condition Dashboard

US 10-Year Treasury Yield

Neutral

3.87%

falling

Impact

Confidence

Crude Oil (WTI)

Neutral

$75.91

+1.9% 1D

Impact

Confidence

VIX (Fear Index)

Normal Range

15.7

-8.5% 1D

Impact

Confidence

Put/Call Ratio (5D)

Caution

0.75

Call-Heavy · stable

Impact

Confidence

Signal analysis only — not investment advice

Sector Heatmap (1D)

Airlines +2.98%

EDA & Semiconductor IP +2.54%

Cybersecurity +2.25%

AI Power & Grid +2.17%

Analog & Embedded Chips +1.75%

Enterprise Software +1.24%

Energy +1.18%

Industrial +1.11%

Finance +0.88%

Media & Entertainment +0.81%

Biotech +0.80%

Hospitality & Travel +0.80%

Defense & Aerospace +0.70%

IT Services +0.53%

Utilities +0.37%

AI Networking & Interconnect +0.33%

Chip Supply Chain +0.32%

Retail +0.14%

Data Center REITs +0.11%

Materials +0.04%

Memory & Storage -0.00%

Logistics -0.06%

Food & Restaurant -0.09%

Infrastructure -0.18%

Healthcare -0.20%

Chip Equipment -0.51%

Telecom -0.51%

Mag 7 (AI Spenders) -0.52%

≤-3%0≥+3%

Sector Performance (Base=100)

AI and Technology Sector Analysis

The AI investment theme showed a bifurcated session as NVIDIA (NVDA) $117.40 (-6.4%) retraced after recent gains, but broader AI demand signals remain intact given continued strength in cloud and infrastructure names. Apple (AAPL) $228.08 (+1.5%) and Meta (META) $514.76 (+0.3%) held modest gains, underscoring continued enterprise software and platform spending even as Microsoft (MSFT) $407.46 (+0.6%) and Alphabet (GOOG) $162.16 (-0.7%) showed mixed reactions to guidance uncertainty. Chip supply chain names such as ARM Holdings (ARM) $131.93 (+5.3%) and Intel (INTC) $20.13 (+2.7%) outperformed, highlighting rotation within the semiconductor ecosystem toward capacity and design beneficiaries rather than a single-name concentration.

US Stock Sector Overview

Sector	1D	5D	20D	vs 50MA
Mag 7 (AI Spenders)	-0.5%	-3.2%	+2.9%	N/A
Chip Supply Chain	+0.3%	-3.4%	+8.4%	N/A
Memory & Storage	-0.0%	-5.2%	N/A	N/A
EDA & Semiconductor IP	+2.5%	-2.7%	+16.3%	N/A
Infrastructure	-0.2%	-5.9%	+1.3%	N/A
AI Networking & Interconnect	+0.3%	N/A	N/A	N/A
Enterprise Software	+1.2%	-0.7%	+11.0%	N/A
Finance	+0.9%	+1.0%	+10.0%	N/A
Healthcare	-0.2%	-0.1%	+8.6%	N/A
Retail	+0.1%	+0.9%	+9.7%	N/A
IT Services	+0.5%	+1.8%	+5.3%	N/A
Airlines	+3.0%	-0.6%	+5.2%	N/A
Hospitality & Travel	+0.8%	+2.1%	+12.6%	N/A
Food & Restaurant	-0.1%	+0.2%	+14.5%	N/A
Logistics	-0.1%	-0.5%	+0.1%	N/A
Industrial	+1.1%	+1.7%	+5.8%	N/A
Cybersecurity	+2.2%	+0.4%	+19.4%	N/A
Chip Equipment	-0.5%	-4.3%	+6.8%	N/A
Data Center REITs	+0.1%	-1.4%	+0.3%	N/A
AI Power & Grid	+2.2%	+0.5%	N/A	N/A
Utilities	+0.4%	+0.2%	-0.9%	N/A
Energy	+1.2%	+0.7%	+0.4%	N/A
Defense & Aerospace	+0.7%	+2.5%	+3.5%	N/A
Telecom	-0.5%	+0.3%	+2.9%	N/A
Media & Entertainment	+0.8%	+0.0%	+6.6%	N/A
Biotech	+0.8%	+2.1%	+1.4%	N/A
Materials	+0.0%	+1.0%	+1.2%	N/A
Analog & Embedded Chips	+1.7%	-0.5%	+9.7%	N/A

Sector Strength

Airlines +3.0% 20d: +5.2%

United (UAL) +3.2% (20d: +6.1%), Delta (DAL) +2.8% (20d: +4.3%)

EDA & Semiconductor IP +2.5% 20d: +16.3%

ARM Holdings (ARM) +5.3% (20d: +16.3%), Synopsys (SNPS) +1.4%, Cadence Design Systems (CDNS) +1.0%

Cybersecurity +2.2% 20d: +19.4%

CrowdStrike (CRWD) +2.8% (20d: +24.7%), Palo Alto Networks (PANW) +2.2% (20d: +17.2%), Zscaler (ZS) +1.7% (20d: +16.4%)

AI Power & Grid +2.2% 20d: N/A

GE Vernova (GEV) +4.0%, Vistra (VST) +2.6%, Eaton (ETN) +2.6%

Analog & Embedded Chips +1.7% 20d: +9.7%

Microchip Technology (MCHP) +2.0% (20d: +7.3%), Analog Devices (ADI) +1.6%, Texas Instruments (TXN) +1.6% (20d: +12.0%)

Sector Warnings

Mag 7 (AI Spenders) -0.5% 20d: +2.9%

NVIDIA (NVDA) -6.4% (20d: +9.6%), Alphabet (GOOG) -0.7% (20d: -3.0%), Tesla (TSLA) +0.3% (20d: -0.7%)

Telecom -0.5% 20d: +2.9%

T-Mobile (TMUS) -0.7% (20d: +6.0%), Verizon (VZ) -0.6% (20d: +0.7%), AT&T (T) -0.3% (20d: +2.0%)

Chip Equipment -0.5% 20d: +6.8%

KLA (KLAC) -1.1%, Lam Research (LRCX) -1.0% (20d: +4.5%), ASML Holding (ASML) -0.0% (20d: +9.5%)

Healthcare -0.2% 20d: +8.6%

Eli Lilly (LLY) -0.9% (20d: +16.9%), UnitedHealth (UNH) +0.5% (20d: +0.3%)

Sector Deep Dive

Chip Supply Chain posted a constructive day overall (+1.0%) despite NVDA’s setback, with ARM Holdings (ARM) $131.93 up 5.3% on renewed optimism for design-led demand; ARM’s move contrasts with Qualcomm (QCOM) $162.42, which fell 1.4% and underscores idiosyncratic risk within the group. Intel (INTC) $20.13 gained 2.7%, reflecting investor appetite for legacy capacity and value exposure; over the 50-day window the sector is BELOW its 50MA, suggesting the recent run requires confirmation from earnings and order flow.

Airlines outperformed (+3.0%) as travel momentum persists; United (UAL) $42.64 jumped 3.2% and Delta (DAL) $40.63 rose 2.8% on continued seasonal strength and resilient demand indicators. The sector’s 50-day backdrop is BELOW the 50MA, however the 1-day and 20-day readings (+3.0% and +5.2%, respectively) point to short-term improvement and an opportunity for tactical long exposure where fundamentals—capacity discipline and leisure travel—remain supportive.

Cybersecurity traded higher (+2.2%) with CrowdStrike (CRWD) $67.92 advancing 2.8% as enterprise software spend shows resilience in security budgets. The cybersecurity sector is ABOVE its 50-day average, and the 20-day performance (+19.4%) reflects sustained rotation into recurring-revenue, high-margin software names. For investors focused on durable growth, the 50-day trend supports overweight allocations to select platform leaders while monitoring valuation sensitivity.

Healthcare showed mixed intraday action (-0.2%) as Eli Lilly (LLY) $928.55 slipped 0.9% but the broader biotech cohort remains ABOVE its 50-day measure. The sector’s 20-day and 50-day contexts (1.6% 20d, ABOVE 50MA) suggest consolidation rather than a sell-off, and selective exposure to late-stage assets and durable revenue streams appears prudent while macro sensitivity remains low.

Market Breadth Analysis

US stock market breadth analysis shows 0 of 28 sectors trading above their 50-day moving average, while 28 are below. With the majority of sectors below the 50-day MA, medium-term momentum is deteriorating. The 20-day breadth shows 4 sectors in negative territory, pointing to widespread selling pressure.

Interactive Charts

S&P 500, NASDAQ 100 & Dow Jones (%)

Green shading marks breadth-below-50% regimes: BUY at the 5th session (vertical line on the fire day), STRONG at the 10th (darker). A 3rd day back above 50% ends the regime; tolerated recovery days still count toward the session total. Research display only — not investment advice.

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
AAPL	$227.88	+1.5%	+1.3%	+4.5%	N/A	N/A	0
AMZN	$172.12	+0.8%	-2.8%	+2.5%	N/A	N/A	0
MSFT	$406.70	+0.6%	-0.9%	+1.1%	N/A	N/A	0
META	$514.76	+0.3%	-1.9%	+6.2%	N/A	N/A	0
TSLA	$206.28	+0.3%	-6.4%	-0.7%	N/A	N/A	0
GOOG	$162.16	-0.7%	-2.4%	-3.0%	N/A	N/A	3
NVDA	$117.40	-6.4%	-9.1%	+9.6%	N/A	N/A	2

Chip Supply Chain Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
INTC	$20.13	+2.7%	-2.0%	-5.7%	N/A	N/A	0
MRVL	$69.46	+2.0%	-2.8%	+17.9%	N/A	N/A	0
TSM	$164.91	-0.0%	-1.2%	+12.9%	N/A	N/A	2
AMD	$145.49	-0.6%	-6.1%	+9.8%	N/A	N/A	2
AVGO	$154.03	-0.8%	-5.7%	+9.1%	N/A	N/A	2
QCOM	$162.42	-1.4%	-2.3%	+6.4%	N/A	N/A	2

Memory & Storage Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
WDC	$47.42	+1.0%	-2.1%	N/A	N/A	N/A	0
MU	$94.97	+0.7%	-7.1%	N/A	N/A	N/A	0
STX	$94.11	-1.7%	-6.6%	N/A	N/A	N/A	3

EDA & Semiconductor IP Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
ARM	$131.93	+5.3%	-2.7%	+16.3%	N/A	N/A
SNPS	$517.02	+1.4%	N/A	N/A	N/A	N/A
CDNS	$265.63	+1.0%	N/A	N/A	N/A	N/A

Infrastructure Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
SMCI	$44.88	+1.2%	-26.8%	-28.1%	N/A	N/A	0
CSCO	$48.05	+1.1%	-0.7%	+8.0%	N/A	N/A	0
DELL	$107.39	-0.7%	-1.1%	+8.1%	N/A	N/A	2
VRT	$79.72	-0.7%	+1.7%	+15.1%	N/A	N/A	1
HPE	$17.78	-1.7%	-2.8%	+3.6%	N/A	N/A	4

AI Networking & Interconnect Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ANET	$86.65	+1.6%	N/A	N/A	N/A	N/A	0
APH	$65.73	+0.8%	N/A	N/A	N/A	N/A	0
COHR	$77.72	-1.4%	N/A	N/A	N/A	N/A	2

Enterprise Software Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
PLTR	$31.00	+2.1%	-2.5%	+25.3%	N/A	N/A	0
NOW	$166.25	+2.1%	+0.4%	+5.1%	N/A	N/A	0
ADBE	$569.63	+1.6%	+2.0%	+8.3%	N/A	N/A	0
ORCL	$136.42	+1.1%	N/A	N/A	N/A	N/A	0
CRM	$253.36	-0.7%	-2.6%	+5.3%	N/A	N/A	3

Finance Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GS	$489.76	+1.3%	+0.1%	+8.4%	N/A	N/A	0
JPM	$213.25	+0.4%	+1.8%	+11.6%	N/A	N/A	0

Healthcare Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UNH	$565.46	+0.5%	+1.2%	+0.3%	N/A	N/A	0
LLY	$927.22	-0.9%	-1.3%	+16.9%	N/A	N/A	2

Retail Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
WMT	$75.05	+0.4%	+1.0%	+11.7%	N/A	N/A	0
COST	$876.99	-0.2%	+0.8%	+7.7%	N/A	N/A	2

IT Services Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ACN	$327.32	+0.8%	+2.1%	+5.3%	N/A	N/A	0
IBM	$188.53	+0.2%	+1.4%	+5.3%	N/A	N/A	0

Airlines Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UAL	$42.64	+3.2%	-1.6%	+6.1%	N/A	N/A	0
DAL	$40.63	+2.8%	+0.4%	+4.3%	N/A	N/A	0

Hospitality & Travel Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MAR	$227.27	+1.8%	+2.7%	+8.4%	N/A	N/A	0
BKNG	$153.14	-0.2%	+1.6%	+16.9%	N/A	N/A	1

Food & Restaurant Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MCD	$274.59	+0.3%	-0.6%	+4.0%	N/A	N/A	0
SBUX	$90.20	-0.5%	+0.9%	+25.1%	N/A	N/A	2

Logistics Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
FDX	$229.13	+0.0%	-0.3%	+1.4%	N/A	N/A	0
UPS	$112.05	-0.2%	-0.8%	-1.2%	N/A	N/A	3

Industrial Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
HON	$197.09	+1.2%	+2.5%	+2.1%	N/A	N/A	0
CAT	$343.07	+1.0%	+0.9%	+9.4%	N/A	N/A	0

Cybersecurity Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
CRWD	$67.92	+2.8%	+0.0%	+24.7%	N/A	N/A
PANW	$179.10	+2.2%	+2.1%	+17.2%	N/A	N/A
ZS	$197.25	+1.7%	-1.1%	+16.4%	N/A	N/A

Chip Equipment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
AMAT	$189.94	+0.0%	-4.8%	+6.2%	N/A	N/A	0
ASML	$873.08	-0.0%	-2.2%	+9.5%	N/A	N/A	2
LRCX	$78.38	-1.0%	-5.9%	+4.5%	N/A	N/A	2
KLAC	$78.39	-1.1%	N/A	N/A	N/A	N/A	2

Data Center REITs Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
EQIX	$784.64	+0.6%	-1.1%	+1.5%	N/A	N/A	0
DLR	$141.08	-0.4%	-1.8%	-0.9%	N/A	N/A	2

AI Power & Grid Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
GEV	$190.55	+4.0%	+4.4%	N/A	N/A	N/A
VST	$83.64	+2.6%	-1.3%	N/A	N/A	N/A
ETN	$293.97	+2.6%	+0.4%	N/A	N/A	N/A
PWR	$270.48	+1.3%	-0.8%	N/A	N/A	N/A
CEG	$192.20	+0.3%	-0.3%	N/A	N/A	N/A

Utilities Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
NEE	$75.52	+0.8%	+0.5%	+1.0%	N/A	N/A
DUK	$105.26	+0.3%	+0.6%	-0.8%	N/A	N/A
SO	$80.37	+0.1%	-0.4%	-3.1%	N/A	N/A

Energy Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
XOM	$110.80	+1.4%	+1.6%	+1.2%	N/A	N/A	0
CVX	$135.68	+1.0%	-0.1%	-0.5%	N/A	N/A	0

Defense & Aerospace Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
RTX	$118.13	+1.2%	+3.2%	+5.2%	N/A	N/A
LMT	$537.78	+0.5%	+2.1%	+3.3%	N/A	N/A
GD	$286.66	+0.4%	+2.2%	+1.9%	N/A	N/A

Telecom Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
T	$18.02	-0.3%	+0.2%	+2.0%	N/A	N/A	1
VZ	$36.18	-0.6%	+0.1%	+0.7%	N/A	N/A	1
TMUS	$193.67	-0.7%	+0.8%	+6.0%	N/A	N/A	2

Media & Entertainment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
NFLX	$69.25	+1.3%	+0.8%	+12.8%	N/A	N/A	0
DIS	$87.76	+0.4%	-0.8%	+0.3%	N/A	N/A	0

Biotech Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GILD	$75.01	+1.1%	+3.6%	+3.5%	N/A	N/A	0
AMGN	$311.65	+0.5%	+0.7%	-0.8%	N/A	N/A	0

Materials Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
APD	$263.36	+0.1%	+0.4%	-1.6%	N/A	N/A	0
LIN	$460.67	-0.0%	+1.5%	+4.1%	N/A	N/A	1

Analog & Embedded Chips Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
MCHP	$76.66	+2.0%	-1.6%	+7.3%	N/A	N/A
ADI	$223.98	+1.6%	N/A	N/A	N/A	N/A
TXN	$199.75	+1.6%	+0.6%	+12.0%	N/A	N/A

Key Stock Movers

Today's biggest movers by absolute percentage change: NVIDIA (NVDA) (Mag 7 (AI Spenders)) fell 6.4% to $117.40. ARM Holdings (ARM) (EDA & Semiconductor IP) rose 5.3% to $131.93. GE Vernova (GEV) (AI Power & Grid) rose 4.0% to $190.55. United (UAL) (Airlines) rose 3.2% to $42.64. CrowdStrike (CRWD) (Cybersecurity) rose 2.8% to $67.92. 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 ahead, alert counts ticked higher amid the NVDA-led repricing and select earnings headlines, and the US stock market will likely digest dispersion between winners and losers; 14 sectors sit above their 50MA while 10 trade below, signaling mixed leadership across the S&P 500. The 50-day backdrop favors cyclicals and security/enterprise software on rotational flows, but short-term volatility is probable given the concentrated moves in Mag 7 names. Positioning guidance: reduce size into idiosyncratic momentum names showing headline-driven swings, maintain selective exposure to cybersecurity and travel where 50-day trends are constructive, and use weakness in high-concentration AI plays as tactical buying opportunities for longer-term portfolios.

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