US Stock Market Sector Analysis – Monday, November 11, 2024 Sectors: MIXED

A stronger-than-expected consumer spending print and a string of tech earnings headlines set the tone across the US stock market today, driving mixed but constructive breadth with 14 sectors up and 7 down. The Airlines group led gains, where Delta (DAL) jumped 4.1% to $62.32 after upbeat travel data, while Tesla (TSLA) surged 9.0% to $350.00 and again acted as the day’s high-conviction Mag 7 mover. Chip Supply Chain names lagged, with Taiwan Semiconductor (TSM) sliding 3.6% to $189.88 following a weaker near-term guide that pressured ARM Holdings (ARM) and Intel (INTC). Overall the S&P 500 saw rotation into reopening and enterprise software plays even as NVIDIA (NVDA) moderated intraday, leaving the Magnificent 7 collectively up but with divergent individual performance.

Market Condition Dashboard

US 10-Year Treasury Yield

Wait & Watch

4.30%

rising

Impact

Confidence

Crude Oil (WTI)

Neutral

$68.04

-3.3% 1D

Impact

Confidence

VIX (Fear Index)

Normal Range

15.0

+0.2% 1D

Impact

Confidence

Tracked Stocks Breadth (50DMA)

Pause Discretionary Adds

69%

47 of 68 above 50DMA · +11.8pp 5D

Impact

Confidence

Put/Call Ratio (5D)

Caution

0.75

Call-Heavy · stable

Impact

Confidence

Signal analysis only — not investment advice

Sector Heatmap (1D)

Airlines +3.15%

Enterprise Software +2.80%

Cybersecurity +2.47%

Hospitality & Travel +2.15%

Food & Restaurant +1.84%

Industrial +1.71%

Finance +1.60%

Media & Entertainment +1.58%

Defense & Aerospace +1.11%

AI Power & Grid +1.07%

Healthcare +0.82%

Mag 7 (AI Spenders) +0.65%

Telecom +0.35%

Logistics +0.30%

IT Services +0.21%

Infrastructure -0.07%

Data Center REITs -0.17%

Materials -0.18%

Biotech -0.30%

Energy -0.40%

Utilities -0.80%

Retail -0.94%

EDA & Semiconductor IP -1.60%

Chip Equipment -1.81%

AI Networking & Interconnect -2.09%

Chip Supply Chain -2.35%

Analog & Embedded Chips -2.82%

Memory & Storage -2.97%

≤-3%0≥+3%

Sector Performance (Base=100)

AI and Technology Sector Analysis

The AI investment theme continues to underpin leadership among the Magnificent 7 even as the tape shows increased dispersion; NVIDIA (NVDA) at $145.03 remains a structural anchor with a 50-day gain of +34.5% while Tesla (TSLA) at $350.00 rallied sharply on momentum flows. Chip Supply Chain names such as Taiwan Semiconductor (TSM) at $189.88 are showing short-term weakness, highlighting supply-chain sensitivity to guidance shifts across the sector. Enterprise infrastructure and software — evidenced by Salesforce (CRM) strength and Dell (DELL) strength — point to continued capex and software monetization that will support AI layering across data centers and enterprise stacks.

US Stock Sector Overview

Sector	1D	5D	20D	vs 50MA
Mag 7 (AI Spenders)	+0.7%	+8.1%	+12.0%	ABOVE
Chip Supply Chain	-2.4%	+3.4%	+3.8%	ABOVE
Memory & Storage	-3.0%	+1.3%	-1.4%	ABOVE
EDA & Semiconductor IP	-1.6%	+3.6%	+4.5%	ABOVE
Infrastructure	-0.1%	+3.0%	-1.7%	ABOVE
AI Networking & Interconnect	-2.1%	+5.1%	+5.7%	ABOVE
Enterprise Software	+2.8%	+10.6%	+16.0%	ABOVE
Finance	+1.6%	+11.2%	+11.5%	ABOVE
Healthcare	+0.8%	+6.8%	+1.8%	BELOW
Retail	-0.9%	+2.7%	+3.8%	ABOVE
IT Services	+0.2%	+3.2%	-5.7%	BELOW
Airlines	+3.2%	+10.4%	+30.1%	ABOVE
Hospitality & Travel	+2.1%	+6.6%	+13.7%	ABOVE
Food & Restaurant	+1.8%	+2.4%	+0.9%	ABOVE
Logistics	+0.3%	+1.8%	+3.7%	BELOW
Industrial	+1.7%	+5.7%	+3.1%	ABOVE
Cybersecurity	+2.5%	+8.9%	+7.3%	ABOVE
Chip Equipment	-1.8%	-0.1%	-3.8%	BELOW
Data Center REITs	-0.2%	+0.8%	+8.7%	ABOVE
AI Power & Grid	+1.1%	+9.4%	+10.4%	ABOVE
Utilities	-0.8%	-1.8%	-5.0%	BELOW
Energy	-0.4%	+1.6%	+3.0%	ABOVE
Defense & Aerospace	+1.1%	+5.0%	-0.5%	ABOVE
Telecom	+0.3%	+1.4%	+2.0%	ABOVE
Media & Entertainment	+1.6%	+4.9%	+10.6%	ABOVE
Biotech	-0.3%	+4.2%	+6.0%	BELOW
Materials	-0.2%	+1.4%	-4.0%	BELOW
Analog & Embedded Chips	-2.8%	+0.3%	-0.3%	BELOW

Sector Strength

Airlines +3.2% 20d: +30.1%

Delta (DAL) +4.1% (20d: +20.5%), United (UAL) +2.2% (20d: +39.6%)

Enterprise Software +2.8% 20d: +16.0%

Salesforce (CRM) +6.1% (20d: +18.5%), Palantir (PLTR) +3.2% (20d: +42.0%), ServiceNow (NOW) +2.8% (20d: +11.6%)

Cybersecurity +2.5% 20d: +7.3%

CrowdStrike (CRWD) +3.8% (20d: +13.3%), Zscaler (ZS) +1.9% (20d: +2.2%), Palo Alto Networks (PANW) +1.7% (20d: +6.3%)

Hospitality & Travel +2.1% 20d: +13.7%

Booking (BKNG) +2.5% (20d: +17.6%), Marriott (MAR) +1.8% (20d: +9.7%)

Food & Restaurant +1.8% 20d: +0.9%

Starbucks (SBUX) +2.8% (20d: +5.5%), McDonald's (MCD) +0.9% (20d: -3.8%)

Sector Warnings

Memory & Storage -3.0% 20d: -1.4%

Western Digital (WDC) -3.2% (20d: +0.6%), Micron (MU) -2.9% (20d: +4.2%), Seagate (STX) -2.8% (20d: -8.9%) [<50MA]

Analog & Embedded Chips -2.8% 20d: -0.3%

Microchip Technology (MCHP) -4.1% (20d: -7.1%) [<50MA], Analog Devices (ADI) -2.4% (20d: -2.4%) [<50MA], Texas Instruments (TXN) -2.0% (20d: +8.7%)

Chip Supply Chain -2.4% 20d: +3.8%

Intel (INTC) -4.4% (20d: +10.5%), TSMC (TSM) -3.6% (20d: +3.7%), Broadcom (AVGO) -2.6% (20d: +1.7%)

AI Networking & Interconnect -2.1% 20d: +5.7%

Coherent (COHR) -4.9% (20d: +4.1%), Arista Networks (ANET) -0.8% (20d: +1.3%), Amphenol (APH) -0.6% (20d: +11.7%)

Chip Equipment -1.8% 20d: -3.8%

KLA (KLAC) -3.1% (20d: -5.9%) [<50MA], Lam Research (LRCX) -2.6% (20d: -0.2%) [<50MA], Applied Materials (AMAT) -1.8% (20d: -1.3%) [<50MA]

Sector Deep Dive

Airlines: The Airlines sector outperformed today, up +3.2% on the session and sitting well above its 50-day trend (+77.2%). Delta (DAL) led the charge, rising +4.1% to $62.32 as travel metrics surprised to the upside, and the 50-day trend confirms a clear recovery pattern for the group. This 50-day context suggests momentum remains intact for carriers, with consumer mobility supporting further cyclical upside unless macro data reverses.

Enterprise Software: Enterprise Software rallied +3.5% today and is comfortably above its 50-day trend (+36.9%), reflecting strong demand for subscription renewals and AI-enabled product cycles. Salesforce (CRM) jumped +6.1% to $337.41 on the session, reinforcing the 50-day uptrend as buyers rewarded the stock after positive commentary on recurring revenue. The strength in the 50-day window validates a risk-on stance toward high-quality software names that can convert AI investment into recurring revenue.

Chip Supply Chain: The Chip Supply Chain group underperformed, down -2.5% today but remains above its 50-day trend (+17.3%), illustrating a near-term pullback within a longer uptrend. Taiwan Semiconductor (TSM) fell -3.6% to $189.88 and ARM Holdings (ARM) declined -3.7% to $141.96 after cautious forward commentary, while Intel (INTC) dropped -4.4% to $25.05; those 50-day gains keep the sector’s structural bullish case intact despite the pullback. Traders should interpret today’s weakness as sector-specific guidance risk rather than a breakdown through the 50-day moving average.

Infrastructure: Infrastructure was mixed, trading slightly negative on the day (-0.1%) but remains above its 50-day trend (+16.2%), showing resilience in the face of data-center and cloud capex debates. Dell (DELL) advanced +3.2% to $135.03 as one of the day’s leaders in the space, while Super Micro (SMCI) plunged -5.3% to $23.23, highlighting dispersion within the 50-day window. The 50-day context favors names with diversified server exposure and clear margin improvement paths, and the sector should be read stock-by-stock given the divergence.

Cybersecurity: Cybersecurity outperformed with a +2.5% session and remains well above its 50-day trend (+14.6%), reflecting ongoing corporate spend on resilience and identity. CrowdStrike (CRWD) rose +3.8% to $85.61 as momentum buyers re-entered on strong relative strength versus peers, reinforcing the 50-day uptrend for the group. The 50-day trend supports continued accumulation for leading pure-play security franchises while selective laggards could present rotation opportunities.

Market Breadth Analysis

US stock market breadth analysis shows 20 of 28 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 20 sectors positive over 20 days, buying pressure remains broad-based.

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
TSLA	$350.00	+9.0%	+39.2%	+59.4%	+66.2%	ABOVE	0
GOOG	$180.82	+1.2%	+6.2%	+9.0%	+14.9%	ABOVE	0
AMZN	$206.84	-0.6%	+3.7%	+10.2%	+17.4%	ABOVE	2
META	$579.83	-1.0%	+1.9%	-0.5%	+14.1%	ABOVE	2
MSFT	$411.51	-1.1%	+1.6%	-0.2%	+2.1%	BELOW	2
AAPL	$222.61	-1.2%	+0.5%	-4.0%	+0.8%	BELOW	2
NVDA	$145.03	-1.6%	+3.8%	+10.4%	+34.5%	ABOVE	2

Chip Supply Chain Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
AMD	$147.35	-0.4%	+4.0%	-5.9%	+7.6%	BELOW	2
QCOM	$162.11	-1.5%	+1.4%	-3.3%	+3.6%	BELOW	3
MRVL	$91.83	-1.7%	+5.8%	+16.2%	+31.9%	ABOVE	2
AVGO	$176.18	-2.6%	+2.9%	+1.7%	+17.5%	ABOVE	2
TSM	$189.88	-3.6%	-0.9%	+3.7%	+21.4%	ABOVE	1
INTC	$25.05	-4.4%	+7.4%	+10.5%	+24.6%	ABOVE	2

Memory & Storage Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
STX	$98.92	-2.8%	+0.2%	-8.9%	+5.9%	BELOW	2
MU	$108.09	-2.9%	+3.0%	+4.2%	+22.8%	ABOVE	2
WDC	$50.70	-3.2%	+0.8%	+0.6%	+6.9%	ABOVE	2

EDA & Semiconductor IP Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CDNS	$300.90	-0.1%	+3.3%	+11.7%	+17.4%	ABOVE	2
SNPS	$556.26	-0.9%	+6.6%	+7.5%	+15.6%	ABOVE	2
ARM	$141.96	-3.7%	+0.9%	-5.8%	+14.7%	BELOW	2

Infrastructure Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DELL	$134.80	+3.2%	+3.8%	+10.5%	+25.5%	ABOVE	0
CSCO	$56.33	+1.0%	+4.4%	+8.4%	+18.0%	ABOVE	0
VRT	$126.53	+0.8%	+12.8%	+18.0%	+68.7%	ABOVE	0
HPE	$21.11	-0.1%	+10.1%	+6.2%	+16.4%	ABOVE	1
SMCI	$23.23	-5.3%	-16.1%	-51.4%	-47.4%	BELOW	2

AI Networking & Interconnect Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
APH	$72.44	-0.6%	+5.3%	+11.7%	+18.9%	ABOVE	2
ANET	$99.33	-0.8%	-1.9%	+1.3%	+21.6%	ABOVE	2
COHR	$104.67	-4.9%	+11.9%	+4.1%	+45.6%	ABOVE	1

Enterprise Software Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CRM	$337.41	+6.1%	+14.9%	+18.5%	+38.0%	ABOVE	0
PLTR	$60.24	+3.2%	+17.8%	+42.0%	+97.4%	ABOVE	0
NOW	$207.20	+2.8%	+6.7%	+11.6%	+23.9%	ABOVE	0
ADBE	$504.48	+2.0%	+3.7%	-0.7%	-11.7%	BELOW	0
ORCL	$185.48	-0.1%	+10.1%	+8.6%	+35.9%	ABOVE	1

Finance Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GS	$581.74	+2.2%	+14.3%	+15.3%	+23.6%	ABOVE	0
JPM	$231.05	+1.0%	+8.0%	+7.6%	+9.3%	ABOVE	0

Healthcare Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UNH	$599.78	+1.5%	+10.3%	+12.4%	+4.8%	ABOVE	0
LLY	$820.94	+0.1%	+3.3%	-8.9%	-13.0%	BELOW	0

Retail Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
WMT	$82.70	-0.7%	+0.6%	+3.1%	+9.1%	ABOVE	1
COST	$923.96	-1.2%	+4.8%	+4.4%	+6.3%	ABOVE	1

IT Services Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ACN	$345.16	+0.5%	+3.4%	-3.1%	+4.9%	ABOVE	0
IBM	$202.44	-0.1%	+2.9%	-8.3%	+6.1%	BELOW	1

Airlines Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DAL	$62.32	+4.1%	+9.0%	+20.5%	+50.5%	ABOVE	0
UAL	$89.43	+2.2%	+11.7%	+39.6%	+103.9%	ABOVE	0

Hospitality & Travel Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
BKNG	$199.83	+2.5%	+3.1%	+17.6%	+33.1%	ABOVE	0
MAR	$280.84	+1.8%	+10.1%	+9.7%	+23.9%	ABOVE	0

Food & Restaurant Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
SBUX	$95.38	+2.8%	+3.3%	+5.5%	+7.7%	ABOVE	0
MCD	$289.31	+0.9%	+1.4%	-3.8%	+5.6%	ABOVE	0

Logistics Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
FDX	$225.23	+1.2%	+5.2%	+9.0%	-0.8%	ABOVE	0
UPS	$116.13	-0.6%	-1.7%	-1.6%	+3.2%	BELOW	2

Industrial Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
HON	$213.93	+2.6%	+7.9%	+3.7%	+9.9%	ABOVE	0
CAT	$388.27	+0.8%	+3.4%	+2.6%	+17.0%	ABOVE	0

Cybersecurity Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
CRWD	$85.61	+3.8%	+11.3%	+13.3%	+28.4%	ABOVE
ZS	$199.54	+1.9%	+6.8%	+2.2%	+3.3%	ABOVE
PANW	$199.05	+1.7%	+8.7%	+6.3%	+12.1%	ABOVE

Chip Equipment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ASML	$661.78	+0.3%	-0.8%	-7.9%	-20.4%	BELOW	0
AMAT	$185.59	-1.8%	+1.1%	-1.3%	+2.8%	BELOW	2
LRCX	$75.10	-2.6%	-0.3%	-0.2%	-0.2%	BELOW	2
KLAC	$65.61	-3.1%	-0.6%	-5.9%	-10.2%	BELOW	1

Data Center REITs Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DLR	$173.87	+0.5%	+1.0%	+13.4%	+23.0%	ABOVE	0
EQIX	$875.46	-0.8%	+0.5%	+4.0%	+9.8%	ABOVE	1

AI Power & Grid Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
VST	$144.37	+2.7%	+19.6%	+13.6%	+93.0%	ABOVE	0
GEV	$347.97	+2.4%	+10.7%	+31.2%	+81.5%	ABOVE	0
ETN	$364.17	+1.4%	+10.2%	+10.3%	+28.7%	ABOVE	0
PWR	$329.09	-0.4%	+4.8%	+7.9%	+28.0%	ABOVE	1
CEG	$234.54	-0.9%	+1.5%	-10.9%	+33.5%	BELOW	2

Utilities Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
SO	$82.74	-0.3%	-0.4%	-2.6%	-0.7%	BELOW	1
DUK	$104.77	-0.7%	-1.4%	-4.0%	-2.9%	BELOW	1
NEE	$72.10	-1.4%	-3.5%	-8.3%	-5.0%	BELOW	1

Energy Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CVX	$144.03	-0.3%	+2.0%	+5.9%	+8.2%	ABOVE	1
XOM	$112.99	-0.5%	+1.3%	+0.1%	+4.3%	ABOVE	2

Defense & Aerospace Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
GD	$303.59	+1.4%	+5.8%	+4.6%	+7.0%	ABOVE
LMT	$544.34	+1.1%	+4.4%	-5.7%	+0.6%	BELOW
RTX	$120.33	+0.8%	+4.7%	-0.4%	+3.0%	ABOVE

Telecom Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
TMUS	$231.44	+1.3%	+4.9%	+9.8%	+18.8%	ABOVE	0
VZ	$36.02	-0.1%	-2.0%	-7.5%	-4.3%	BELOW	4
T	$20.61	-0.1%	+1.2%	+3.7%	+10.6%	ABOVE	1

Media & Entertainment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DIS	$98.56	+1.9%	+4.4%	+7.0%	+13.2%	ABOVE	0
NFLX	$80.54	+1.3%	+5.4%	+14.1%	+19.3%	ABOVE	0

Biotech Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GILD	$92.47	+0.5%	+7.5%	+13.1%	+22.9%	ABOVE	0
AMGN	$302.99	-1.1%	+0.8%	-1.0%	-2.6%	BELOW	1

Materials Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
APD	$300.13	+0.3%	+2.5%	-2.9%	+14.8%	ABOVE	0
LIN	$446.10	-0.7%	+0.3%	-5.0%	-3.4%	BELOW	2

Analog & Embedded Chips Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
TXN	$205.62	-2.0%	+6.6%	+8.7%	+7.7%	ABOVE	1
ADI	$214.72	-2.4%	+1.3%	-2.4%	+0.8%	BELOW	2
MCHP	$66.15	-4.1%	-6.9%	-7.1%	-8.5%	BELOW	2

Key Stock Movers

Today's biggest movers by absolute percentage change: Tesla (TSLA) (Mag 7 (AI Spenders)) rose 9.0% to $350.00. Salesforce (CRM) (Enterprise Software) rose 6.1% to $337.41. Super Micro (SMCI) (Infrastructure) fell 5.3% to $23.23. Coherent (COHR) (AI Networking & Interconnect) fell 4.9% to $104.67. Intel (INTC) (Chip Supply Chain) fell 4.4% to $25.05. These individual stock movements were key drivers of their respective sector performance.

Risk and Opportunity Assessment

No major risk alerts are triggered. In a directionless market, maintaining disciplined position sizing and clear stop-loss levels is key to managing downside risk while staying positioned for breakouts.

US Stock Market Outlook

Market structure remains constructive with 16 sectors trading above their 50-day moving averages versus 8 below, reflecting broad participation but pockets of risk in semis and chip equipment where 50-day trends are negative. Alert levels ticked higher as intraday guidance misses in chip supply chain names triggered sector rotation, and breadth metrics indicate tactical caution even amid bullish sector analysis. Positioning guidance: maintain overweight exposure to enterprise software and select AI infrastructure leaders, trim or hedge chip supply chain exposure until guidance stabilizes, and use strength in Airlines or Travel as tactical cyclicals within a diversified US stock market sleeve.

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