US Stock Market Sector Analysis – Tuesday, November 26, 2024 Sectors: BULLISH

The US stock market traded higher overall as sector breadth skewed positive with 13 sectors up and notable leadership from Mag 7 names and Healthcare. Eli Lilly (LLY) jumped 4.5% to $780.83 and led a 2.4% sector lift in Healthcare, while Amazon (AMZN) gained 3.2% to $207.86 and helped push the Mag 7 (AI Spenders) group up 1.3% for the day. Chip Supply Chain names lagged again (Chip Supply Chain -1.3%) with ARM Holdings (ARM) down 2.1% to $136.72 and Intel (INTC) off 3.3% to $24.05, weighing on the broader tech hardware complex. Overall, 15 of 24 sectors sit above their 50-day moving averages, keeping the S&P 500 tone constructive despite pockets of weakness in semis and biotech.

Market Condition Dashboard

US 10-Year Treasury Yield

Wait & Watch

4.30%

rising

Impact

Confidence

Crude Oil (WTI)

Neutral

$68.77

-0.2% 1D

Impact

Confidence

VIX (Fear Index)

Normal Range

14.1

-3.4% 1D

Impact

Confidence

Tracked Stocks Breadth (50DMA)

Pause Discretionary Adds

69%

47 of 68 above 50DMA · +10.3pp 5D

Impact

Confidence

Put/Call Ratio (5D)

Caution

0.75

Call-Heavy · stable

Impact

Confidence

Signal analysis only — not investment advice

Sector Heatmap (1D)

AI Power & Grid +3.39%

Healthcare +2.35%

Retail +1.56%

Enterprise Software +1.41%

Utilities +1.30%

Mag 7 (AI Spenders) +1.30%

AI Networking & Interconnect +1.12%

Hospitality & Travel +1.07%

Telecom +0.97%

Memory & Storage +0.97%

Cybersecurity +0.90%

IT Services +0.86%

Defense & Aerospace +0.60%

Data Center REITs +0.51%

Industrial +0.23%

Materials +0.22%

Media & Entertainment +0.17%

Finance +0.14%

Energy -0.16%

Airlines -0.44%

Food & Restaurant -0.55%

Chip Supply Chain -1.11%

Logistics -1.29%

EDA & Semiconductor IP -1.42%

Chip Equipment -1.51%

Analog & Embedded Chips -1.69%

Biotech -1.90%

Infrastructure -2.23%

≤-3%0≥+3%

Sector Performance (Base=100)

AI and Technology Sector Analysis

AI appetite remained a central theme with the Mag 7 (AI Spenders) basket up 1.3% and continued outperformance from Amazon (AMZN) $207.86 and Microsoft (MSFT) $422.97, reflecting investor focus on scale and cloud capex. NVIDIA (NVDA) $136.71 closed higher and still shows a steep 50-day outperformance at +20.8%, but weakness in the Chip Supply Chain, where AMD $137.72 and Intel (INTC) $24.05 underperformed, highlights that downstream semiconductor suppliers and equipment names are not yet participating. Infrastructure and enterprise software demand are supporting AI deployment spending, with Enterprise Software up 1.5% on the day and showing a healthy 50-day trend of +35.1%, suggesting durable, software-driven monetization for AI workloads.

US Stock Sector Overview

Sector	1D	5D	20D	vs 50MA
Mag 7 (AI Spenders)	+1.3%	-0.2%	+4.7%	ABOVE
Chip Supply Chain	-1.1%	+0.7%	-0.9%	BELOW
Memory & Storage	+1.0%	+7.2%	+2.9%	BELOW
EDA & Semiconductor IP	-1.4%	+2.2%	-0.4%	ABOVE
Infrastructure	-2.2%	+8.6%	+9.4%	ABOVE
AI Networking & Interconnect	+1.1%	+2.7%	+4.8%	ABOVE
Enterprise Software	+1.4%	+4.2%	+19.2%	ABOVE
Finance	+0.1%	+3.9%	+13.4%	ABOVE
Healthcare	+2.4%	+2.9%	+0.6%	BELOW
Retail	+1.6%	+4.7%	+11.4%	ABOVE
IT Services	+0.9%	+4.2%	+8.7%	ABOVE
Airlines	-0.4%	+1.4%	+14.9%	ABOVE
Hospitality & Travel	+1.1%	+3.5%	+13.1%	ABOVE
Food & Restaurant	-0.5%	+2.2%	+2.9%	BELOW
Logistics	-1.3%	+3.7%	+6.3%	ABOVE
Industrial	+0.2%	+4.3%	+10.5%	ABOVE
Cybersecurity	+0.9%	+3.2%	+13.8%	ABOVE
Chip Equipment	-1.5%	+2.5%	-5.4%	BELOW
Data Center REITs	+0.5%	+5.4%	+7.2%	ABOVE
AI Power & Grid	+3.4%	+5.3%	+13.7%	ABOVE
Utilities	+1.3%	+2.0%	+1.0%	ABOVE
Energy	-0.2%	-0.6%	+6.4%	BELOW
Defense & Aerospace	+0.6%	-0.2%	-3.8%	BELOW
Telecom	+1.0%	+3.4%	+7.4%	ABOVE
Media & Entertainment	+0.2%	-0.1%	+18.6%	ABOVE
Biotech	-1.9%	+0.2%	-3.5%	BELOW
Materials	+0.2%	+1.8%	+1.7%	BELOW
Analog & Embedded Chips	-1.7%	+3.7%	-5.5%	BELOW

Sector Strength

AI Power & Grid +3.4% 20d: +13.7%

Constellation Energy (CEG) +7.2% (20d: +2.1%), Vistra (VST) +5.5% (20d: +31.1%), GE Vernova (GEV) +3.0% (20d: +13.9%)

Healthcare +2.4% 20d: +0.6%

Eli Lilly (LLY) +4.5% (20d: -6.6%) [<50MA], UnitedHealth (UNH) +0.2% (20d: +7.8%)

Retail +1.6% 20d: +11.4%

Walmart (WMT) +2.0% (20d: +12.2%), Costco (COST) +1.1% (20d: +10.7%)

Enterprise Software +1.4% 20d: +19.2%

Palantir (PLTR) +1.7% (20d: +50.5%), ServiceNow (NOW) +1.6% (20d: +12.6%), Adobe (ADBE) +1.3% (20d: +7.9%)

Utilities +1.3% 20d: +1.0%

Duke Energy (DUK) +1.8% (20d: +3.6%), NextEra Energy (NEE) +1.1% (20d: -1.4%) [<50MA], Southern Co (SO) +1.0% (20d: +0.8%)

Sector Warnings

Infrastructure -2.2% 20d: +9.4%

Super Micro (SMCI) -10.4% (20d: +4.1%) [<50MA], Dell (DELL) -1.7% (20d: +9.5%), Hewlett Packard Enterprise (HPE) -0.4% (20d: +8.8%)

Biotech -1.9% 20d: -3.5%

Amgen (AMGN) -4.8% (20d: -10.6%) [<50MA], Gilead (GILD) +1.0% (20d: +3.5%)

Analog & Embedded Chips -1.7% 20d: -5.5%

Microchip Technology (MCHP) -2.1% (20d: -8.9%) [<50MA], Analog Devices (ADI) -2.0% (20d: -4.8%) [<50MA], Texas Instruments (TXN) -1.0% (20d: -2.7%) [<50MA]

Chip Equipment -1.5% 20d: -5.4%

KLA (KLAC) -2.0% (20d: -8.5%) [<50MA], ASML Holding (ASML) -1.8% (20d: -1.7%) [<50MA], Lam Research (LRCX) -1.4% (20d: -4.9%) [<50MA]

EDA & Semiconductor IP -1.4% 20d: -0.4%

ARM Holdings (ARM) -2.1% (20d: -11.5%) [<50MA], Synopsys (SNPS) -1.4% (20d: +3.3%), Cadence Design Systems (CDNS) -0.7% (20d: +6.9%)

Sector Deep Dive

Chip Supply Chain: The Chip Supply Chain slipped -1.3% on the session and continues to underperform the broader market at +6.2% vs its 50-day baseline. ARM Holdings (ARM) fell 2.1% to $136.72 and AMD (AMD) declined 2.4% to $137.72, while Intel (INTC) dropped 3.3% to $24.05, underscoring a 50-day context where the group (+6.2% vs 50d) still trails the Mag 7 and many software-led sectors. Weakness in equipment and materials within the 50-day window suggests investors are separating fab/wafer-level exposure from the higher-margin AI compute winners.

Enterprise Software: Enterprise Software outperformed, rising 1.5% today and sitting comfortably above its 50-day trend at +35.1% over that horizon. Notable strength in this 50-day window is translating into robust end-market confidence for recurring revenue and AI feature monetization, and the group's 20-day gain of +21.7% confirms accelerating shorter-term momentum. Large platform software names in the cohort are benefitting from increased enterprise AI spend and cloud migration dynamics that show up clearly in the 50-day price behavior.

Healthcare: Healthcare led by gains in Eli Lilly (LLY) which rallied 4.5% to $780.83, pushed the sector to a 2.4% advance on the day despite a mixed biotech backdrop. Biotech itself remains below its 50-day trend at -3.2% and the subgroup fell 1.9% today, reflecting stock-specific dispersion over the 50-day horizon. The contrast between defensive, large-cap healthcare strength and small/mid biotech weakness over 50 days is driving selective rotation within the sector.

Infrastructure & Data Center REITs: Infrastructure reversed some recent strength and was down 2.2% on the day despite a still-healthy 50-day position (+18.5%). Super Micro (SMCI) plunged 10.4% to $34.43 and acted as the day's most visible weakness within the cohort, while Data Center REITs held up, rising 0.5% to reflect the 50-day resilience (+18.4%). The 50-day context shows investors favoring stable hyperscale and REIT exposures over volatile infrastructure suppliers amid near-term booking uncertainty.

Market Breadth Analysis

US stock market breadth analysis shows 18 of 28 sectors trading above their 50-day moving average, while 10 are below. The majority of sectors holding above the 50-day MA indicates healthy medium-term momentum. With 22 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
AMZN	$207.86	+3.2%	+2.5%	+7.9%	+11.5%	ABOVE	0
MSFT	$422.18	+2.2%	+3.2%	-0.9%	-0.5%	ABOVE	0
META	$570.26	+1.5%	+1.4%	-3.1%	+6.6%	BELOW	0
AAPL	$233.37	+0.9%	+2.6%	+2.3%	+6.6%	ABOVE	0
GOOG	$169.54	+0.7%	-3.8%	-3.1%	+6.1%	ABOVE	0
NVDA	$136.71	+0.7%	-6.1%	-1.7%	+20.8%	ABOVE	0
TSLA	$338.23	-0.1%	-1.1%	+31.3%	+48.9%	ABOVE	2

Chip Supply Chain Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MRVL	$92.71	+1.0%	+3.7%	+12.5%	+30.3%	ABOVE	0
AVGO	$162.23	-0.0%	+0.9%	-6.7%	+2.2%	BELOW	1
TSM	$179.89	-0.7%	-2.4%	-5.5%	+9.9%	BELOW	3
QCOM	$151.16	-1.2%	+1.7%	-6.4%	-6.8%	BELOW	1
AMD	$137.72	-2.4%	+0.1%	-7.3%	-7.1%	BELOW	1
INTC	$24.05	-3.3%	+0.2%	+7.8%	+15.8%	ABOVE	1

Memory & Storage Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
WDC	$54.94	+5.2%	+14.4%	+9.0%	+13.3%	ABOVE	0
STX	$98.75	+0.3%	+3.7%	+1.9%	+1.4%	BELOW	0
MU	$101.28	-2.6%	+3.5%	-2.2%	+16.7%	BELOW	1

EDA & Semiconductor IP Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CDNS	$310.10	-0.7%	+2.0%	+6.9%	+15.0%	ABOVE	1
SNPS	$553.95	-1.4%	+2.3%	+3.3%	+11.7%	ABOVE	2
ARM	$136.72	-2.1%	+2.3%	-11.5%	-1.2%	BELOW	1

Infrastructure Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CSCO	$57.26	+1.4%	+3.6%	+7.2%	+18.7%	ABOVE	0
VRT	$131.45	-0.2%	-4.2%	+17.2%	+50.3%	ABOVE	3
HPE	$21.22	-0.4%	+4.5%	+8.8%	+21.8%	ABOVE	1
DELL	$137.95	-1.7%	+5.8%	+9.5%	+22.6%	ABOVE	2
SMCI	$34.43	-10.4%	+33.4%	+4.1%	-21.2%	BELOW	1

AI Networking & Interconnect Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ANET	$102.08	+2.2%	+7.0%	+3.1%	+12.9%	ABOVE	0
COHR	$101.04	+1.2%	-2.3%	+4.0%	+24.8%	ABOVE	0
APH	$72.29	-0.0%	+3.3%	+7.2%	+15.7%	ABOVE	2

Enterprise Software Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
PLTR	$65.74	+1.7%	+5.8%	+50.5%	+80.7%	ABOVE
NOW	$214.01	+1.6%	+4.6%	+12.6%	+20.2%	ABOVE
ADBE	$525.30	+1.3%	+5.2%	+7.9%	+3.4%	ABOVE
ORCL	$186.69	+1.3%	-0.2%	+9.1%	+16.0%	ABOVE
CRM	$338.84	+1.2%	+5.4%	+15.8%	+36.0%	ABOVE

Finance Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GS	$584.80	+0.4%	+4.1%	+15.5%	+25.0%	ABOVE	0
JPM	$241.36	-0.1%	+3.8%	+11.4%	+21.2%	ABOVE	1

Healthcare Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LLY	$779.71	+4.5%	+4.8%	-6.6%	-12.6%	BELOW	0
UNH	$582.07	+0.2%	+1.0%	+7.8%	+4.5%	ABOVE	0

Retail Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
WMT	$89.67	+2.0%	+4.7%	+12.2%	+15.5%	ABOVE	0
COST	$962.21	+1.1%	+4.7%	+10.7%	+9.0%	ABOVE	0

IT Services Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
IBM	$218.61	+1.2%	+6.6%	+12.6%	+7.3%	ABOVE	0
ACN	$350.84	+0.5%	+1.7%	+4.8%	+8.5%	ABOVE	0

Airlines Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UAL	$96.51	-0.3%	+2.0%	+20.0%	+82.2%	ABOVE	1
DAL	$62.88	-0.5%	+0.8%	+9.7%	+37.1%	ABOVE	1

Hospitality & Travel Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
BKNG	$205.72	+2.1%	+4.0%	+16.8%	+29.5%	ABOVE	0
MAR	$283.71	+0.1%	+3.1%	+9.3%	+21.0%	ABOVE	0

Food & Restaurant Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MCD	$284.32	+0.0%	+1.9%	+1.6%	+1.5%	BELOW	0
SBUX	$96.33	-1.1%	+2.5%	+4.1%	+5.4%	ABOVE	2

Logistics Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
FDX	$235.48	-0.7%	+5.2%	+10.5%	+1.6%	ABOVE	1
UPS	$120.56	-1.9%	+2.2%	+2.1%	+4.6%	ABOVE	1

Industrial Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CAT	$399.32	+0.5%	+6.9%	+7.5%	+15.3%	ABOVE	0
HON	$219.90	-0.1%	+1.6%	+13.4%	+14.8%	ABOVE	1

Cybersecurity Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
PANW	$198.20	+2.6%	+0.9%	+10.3%	+20.2%	ABOVE	0
CRWD	$91.07	+0.2%	+4.0%	+18.5%	+36.4%	ABOVE	0
ZS	$210.30	-0.1%	+4.7%	+12.6%	+24.8%	ABOVE	2

Chip Equipment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
AMAT	$170.87	-0.8%	+1.8%	-6.3%	-6.7%	BELOW	3
LRCX	$71.67	-1.4%	+3.8%	-4.9%	-3.8%	BELOW	1
ASML	$662.43	-1.8%	+2.1%	-1.7%	-14.5%	BELOW	1
KLAC	$62.38	-2.0%	+2.4%	-8.5%	-13.4%	BELOW	1

Data Center REITs Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DLR	$184.50	+0.6%	+4.4%	+6.5%	+22.6%	ABOVE	0
EQIX	$941.96	+0.4%	+6.5%	+8.0%	+14.2%	ABOVE	0

AI Power & Grid Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
CEG	$264.07	+7.2%	+13.3%	+2.1%	+33.4%	ABOVE
VST	$161.07	+5.5%	+5.2%	+31.1%	+78.8%	ABOVE
GEV	$337.46	+3.0%	-1.1%	+13.9%	+43.8%	ABOVE
PWR	$345.97	+1.1%	+4.3%	+11.2%	+27.4%	ABOVE
ETN	$369.40	+0.2%	+4.7%	+10.4%	+20.2%	ABOVE

Utilities Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
DUK	$110.07	+1.8%	+2.9%	+3.6%	+2.0%	ABOVE
NEE	$74.09	+1.1%	+1.5%	-1.4%	-7.4%	BELOW
SO	$84.36	+1.0%	+1.5%	+0.8%	+1.2%	ABOVE

Energy Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CVX	$151.11	+1.4%	+0.7%	+10.9%	+14.1%	ABOVE	0
XOM	$111.56	-1.7%	-2.0%	+1.9%	+3.8%	BELOW	3

Defense & Aerospace Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
RTX	$117.13	+1.7%	+1.2%	-0.5%	+2.7%	BELOW	0
GD	$272.75	+0.2%	+0.7%	-6.4%	-6.3%	BELOW	0
LMT	$497.47	-0.1%	-2.5%	-4.5%	-7.8%	BELOW	2

Telecom Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
TMUS	$237.85	+2.1%	+4.0%	+9.9%	+24.5%	ABOVE	0
VZ	$39.53	+0.9%	+5.1%	+7.5%	+2.7%	ABOVE	0
T	$21.33	-0.0%	+1.1%	+4.9%	+7.6%	ABOVE	2

Media & Entertainment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
NFLX	$87.26	+0.8%	-1.3%	+15.8%	+26.4%	ABOVE	0
DIS	$112.82	-0.5%	+1.0%	+21.4%	+23.4%	ABOVE	1

Biotech Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GILD	$87.06	+1.0%	+3.1%	+3.5%	+8.9%	ABOVE	0
AMGN	$265.75	-4.8%	-2.7%	-10.6%	-15.2%	BELOW	2

Materials Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
APD	$320.09	+0.2%	+2.1%	+7.0%	+17.2%	ABOVE	0
LIN	$446.26	+0.2%	+1.4%	-3.5%	-2.2%	BELOW	0

Analog & Embedded Chips Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
TXN	$191.41	-1.0%	+1.4%	-2.7%	+0.8%	BELOW	1
ADI	$213.33	-2.0%	+3.8%	-4.8%	-1.6%	BELOW	1
MCHP	$65.21	-2.1%	+5.8%	-8.9%	-9.8%	BELOW	1

Key Stock Movers

Today's biggest movers by absolute percentage change: Super Micro (SMCI) (Infrastructure) fell 10.4% to $34.43. Constellation Energy (CEG) (AI Power & Grid) rose 7.2% to $264.07. Vistra (VST) (AI Power & Grid) rose 5.5% to $161.07. Western Digital (WDC) (Memory & Storage) rose 5.2% to $54.94. Amgen (AMGN) (Biotech) fell 4.8% to $265.75. 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, the S&P 500 should remain selectively constructive as 15 of 24 sectors trade above their 50-day moving average and breadth metrics favor risk-on positioning, although pockets of alert activity are visible around chip suppliers and select infrastructure names. With moderate alert counts concentrated in Chip Supply Chain and Biotech and 50-day trends diverging across sectors, investors should overweight Enterprise Software and large-cap AI spenders while trimming cyclical hardware exposure. Maintain disciplined position sizing, favor names with clear 50-day uptrends and recurring revenue profiles, and watch breadth and sector-level 50-day crossovers for the next actionable signals.

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