US Stock Market Sector Analysis – Wednesday, November 27, 2024 MIXED

A risk-off tone dominated the US stock market today after heavy weakness in Infrastructure names led by Dell (DELL) sliding 12.2% and Hewlett Packard Enterprise (HPE) down 6.0%, while Vertiv (VRT) fell 3.6%. The sell-off weighed on Industrials and Chip Supply Chain groups; 12 sectors finished lower versus 8 higher, and the S&P 500 traded mixed as investors digested earnings and positioning into month-end. The Magnificent 7 were mostly softer with NVIDIA (NVDA) -1.2%, Microsoft (MSFT) -1.2%, and Tesla (TSLA) -1.6% offsetting smaller gains in Alphabet (GOOG) +0.1% and Apple (AAPL) -0.1%, keeping the AI-led leadership intact but on edge. Media & Entertainment and Utilities outperformed, with Disney (DIS) up 1.9% and NextEra Energy (NEE) up 1.3%, providing pockets of defensive strength today.

Market Condition Dashboard

US 10-Year Treasury Yield

Wait & Watch

4.25%

rising

Impact

Confidence

Crude Oil (WTI)

Neutral

$68.72

-0.1% 1D

Impact

Confidence

VIX (Fear Index)

Normal Range

14.1

+0.0% 1D

Impact

Confidence

Tracked Stocks Breadth (50DMA)

Pause Discretionary Adds

68%

46 of 68 above 50DMA · +5.9pp 5D

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

The AI/technology investment theme remains constructive but uneven as Mag 7 names continue to underwrite market direction while traders pick through hardware and software cyclicality. NVIDIA (NVDA) $135.13, despite a 1.2% pullback today, sits +14.8% vs its 50-day and remains central to chip demand signaling, while Microsoft (MSFT) $418.03 and Alphabet (GOOG) $169.74 hold above their 50-day levels and sustain enterprise software and cloud exposure. Weakness in Chip Supply Chain pockets and selective infrastructure earnings volatility suggests incremental risk in near-term capex sentiment, but durable demand for AI infrastructure and enterprise software should support tactical exposure to cloud/AI-related IT Services and Data Center REITs.

US Stock Sector Overview

Sector	1D	5D	20D	vs 50MA
Mag 7 (AI Spenders)	-0.8%	+0.2%	+7.6%	ABOVE
Chip Supply Chain	-1.9%	-2.0%	-0.5%	BELOW
Infrastructure	-4.1%	-0.8%	+10.4%	ABOVE
Enterprise Software	-2.1%	+1.8%	+22.8%	ABOVE
Finance	-0.0%	+1.8%	+14.7%	ABOVE
Healthcare	+0.1%	+3.5%	+1.5%	BELOW
Retail	-0.2%	+2.3%	+11.1%	ABOVE
IT Services	-0.6%	+1.2%	+7.8%	ABOVE
Airlines	-0.5%	+1.3%	+17.2%	ABOVE
Hospitality & Travel	-0.4%	+0.5%	+10.9%	ABOVE
Food & Restaurant	+0.2%	+1.9%	+2.8%	BELOW
Logistics	+0.3%	+3.0%	+6.6%	ABOVE
Industrial	-0.7%	+2.6%	+9.8%	ABOVE
Cybersecurity	-3.4%	-2.4%	+12.4%	ABOVE
Chip Equipment	-0.9%	-1.6%	-3.2%	BELOW
Data Center REITs	+0.4%	+5.1%	+8.9%	ABOVE
Utilities	+0.7%	+2.1%	+0.7%	ABOVE
Energy	-0.3%	-1.6%	+5.8%	BELOW
Defense & Aerospace	+0.2%	-0.8%	-2.3%	BELOW
Telecom	+0.6%	+3.4%	+6.4%	ABOVE
Media & Entertainment	+1.2%	+0.1%	+19.1%	ABOVE
Biotech	+0.6%	-0.2%	-3.9%	BELOW
Materials	-0.2%	+0.9%	+3.8%	BELOW
Analog & Embedded Chips	-0.8%	+1.6%	-4.4%	BELOW

Sector Strength

Media & Entertainment +1.2% 20d: +19.1%

Disney (DIS) +1.9% (20d: +22.2%), Netflix (NFLX) +0.5% (20d: +16.0%)

Utilities +0.7% 20d: +0.7%

NextEra Energy (NEE) +1.3% (20d: -0.3%) [<50MA], Southern Co (SO) +0.5% (20d: -0.6%), Duke Energy (DUK) +0.3% (20d: +2.8%)

Biotech +0.6% 20d: -3.9%

Gilead (GILD) +1.2% (20d: +4.0%), Amgen (AMGN) +0.0% (20d: -11.8%) [<50MA]

Telecom +0.6% 20d: +6.4%

T-Mobile (TMUS) +0.9% (20d: +10.7%), AT&T (T) +0.8% (20d: +3.2%), Verizon (VZ) +0.0% (20d: +5.3%)

Data Center REITs +0.4% 20d: +8.9%

Digital Realty (DLR) +0.6% (20d: +9.6%), Equinix (EQIX) +0.1% (20d: +8.3%)

Sector Warnings

Infrastructure -4.1% 20d: +10.4%

Dell (DELL) -12.2% (20d: +0.6%) [<50MA], Hewlett Packard Enterprise (HPE) -6.0% (20d: +6.7%), Vertiv (VRT) -3.6% (20d: +16.1%)

Cybersecurity -3.4% 20d: +12.4%

CrowdStrike (CRWD) -4.6% (20d: +17.1%), Palo Alto Networks (PANW) -3.0% (20d: +6.7%), Zscaler (ZS) -2.5% (20d: +13.4%)

Enterprise Software -2.1% 20d: +22.8%

Salesforce (CRM) -3.8% (20d: +13.3%), ServiceNow (NOW) -2.7% (20d: +11.6%), Adobe (ADBE) -2.2% (20d: +7.4%)

Chip Supply Chain -1.9% 20d: -0.5%

Marvell (MRVL) -3.3% (20d: +12.5%), Broadcom (AVGO) -3.1% (20d: -5.9%) [<50MA], ARM Holdings (ARM) -2.5% (20d: -5.6%) [<50MA]

Chip Equipment -0.9% 20d: -3.2%

Lam Research (LRCX) -1.5% (20d: -3.7%) [<50MA], Applied Materials (AMAT) -1.1% (20d: -5.4%) [<50MA], ASML -0.2% (20d: -0.3%) [<50MA]

Sector Deep Dive

Enterprise Software showed a notable intra-day gap as Salesforce (CRM) $325.84 slid 3.8%, undercutting a sector that still sits +28.6% over a 50-day window. CRM's move pressured peers and highlighted how renewed revenue scrutiny can bleed into expectations for subscription growth; the 50-day trend for the group remains firmly positive and the sector average is +22.8% over 20 days, suggesting that while headline names correct, the 50-day backdrop supports selective buying in high-quality recurring revenue names.

Infrastructure lagged sharply after an earnings and guidance-related wave: Dell (DELL) $121.25 plunged 12.2% and Hewlett Packard Enterprise (HPE) $19.94 dropped 6.0%, while Vertiv (VRT) $126.66 was down 3.6%. Despite Super Micro (SMCI) $35.07 bucking the trend with a 1.9% gain, the sector's 50-day strength is intact but near-term volatility increased. Investors should treat the 50-day trend as the primary guide — the group still sits above its 50-day average overall, but individual names with sharp moves require re-evaluation of earnings cadence and channel visibility before redeploying capital.

Chip Supply Chain continues to underperform, with the sector average down 1.9% today and sitting below its 50-day (+0.3% vs 50-day). The weakness contrasts with the broader Mag 7 strength and highlights distribution and equipment sensitivity to near-term orders. With Chip Equipment at -13.6% over 50 days and Analog & Embedded Chips -8.4% over 50 days, the 50-day context argues for defensive sizing in suppliers until order flow stabilizes and the 50-day trend for the chain reverts higher.

Utilities delivered defensive leadership as NextEra Energy (NEE) $75.08 climbed 1.3% and the Utilities sector sits just above its 50-day at +0.3%, showing the typical safe-haven bid amid tech and infrastructure jitters. Utilities' 20-day performance is modest (+0.7%), but the 50-day context indicates the group is holding support and can serve as a ballast for income-focused allocations while market breadth narrows.

Market Breadth Analysis

US stock market breadth analysis shows 15 of 24 sectors trading above their 50-day moving average, while 9 are below. The majority of sectors holding above the 50-day MA indicates healthy medium-term momentum. With 19 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
GOOG	$169.74	+0.1%	+0.9%	-1.1%	+4.6%	ABOVE	0
AAPL	$233.44	-0.1%	+2.8%	+4.1%	+2.8%	ABOVE	1
META	$565.94	-0.8%	+1.1%	+0.3%	+1.8%	BELOW	1
AMZN	$205.74	-1.0%	+3.7%	+10.4%	+8.4%	ABOVE	1
NVDA	$135.13	-1.2%	-7.7%	+1.9%	+14.8%	ABOVE	1
MSFT	$418.03	-1.2%	+2.5%	+4.3%	-3.4%	ABOVE	1
TSLA	$332.89	-1.6%	-2.0%	+33.2%	+36.5%	ABOVE	3

Chip Supply Chain Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
QCOM	$150.65	-0.3%	+0.6%	-3.9%	-10.1%	BELOW	2
AMD	$136.24	-1.1%	-0.9%	-5.4%	-13.1%	BELOW	2
TSM	$177.30	-1.4%	-5.3%	-4.9%	+2.8%	BELOW	4
INTC	$23.65	-1.7%	-3.2%	+9.9%	+11.9%	ABOVE	2
ARM	$133.37	-2.5%	+0.2%	-5.6%	-5.1%	BELOW	2
AVGO	$157.24	-3.1%	-2.6%	-5.9%	-4.6%	BELOW	2
MRVL	$89.69	-3.3%	-3.1%	+12.5%	+20.4%	ABOVE	1

Infrastructure Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
SMCI	$35.07	+1.9%	+18.1%	+20.5%	-19.8%	BELOW	0
CSCO	$56.97	-0.5%	+3.0%	+8.3%	+16.1%	ABOVE	1
VRT	$126.66	-3.6%	-10.3%	+16.1%	+37.9%	ABOVE	4
HPE	$19.94	-6.0%	-4.3%	+6.7%	+10.3%	ABOVE	2
DELL	$121.25	-12.2%	-10.5%	+0.6%	+6.0%	BELOW	3

Enterprise Software Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
PLTR	$66.05	+0.5%	+7.6%	+58.9%	+79.3%	ABOVE	0
ADBE	$513.68	-2.2%	+1.8%	+7.4%	-2.4%	ABOVE	1
NOW	$208.28	-2.7%	-0.5%	+11.6%	+13.3%	ABOVE	1
CRM	$325.84	-3.8%	-1.7%	+13.3%	+24.1%	ABOVE	1

Finance Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GS	$584.73	-0.0%	+1.6%	+16.9%	+20.2%	ABOVE	1
JPM	$241.19	-0.1%	+2.1%	+12.6%	+19.4%	ABOVE	2

Healthcare Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UNH	$583.59	+0.3%	+1.8%	+7.8%	+5.4%	ABOVE	0
LLY	$779.71	-0.1%	+5.1%	-4.9%	-13.7%	BELOW	1

Retail Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
WMT	$90.45	+0.6%	+3.9%	+12.1%	+17.7%	ABOVE	0
COST	$953.87	-1.0%	+0.6%	+10.1%	+6.9%	ABOVE	1

IT Services Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ACN	$349.85	-0.3%	+0.3%	+5.0%	+8.5%	ABOVE	1
IBM	$218.34	-0.8%	+2.0%	+10.6%	+6.9%	ABOVE	1

Airlines Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UAL	$96.35	-0.2%	+2.1%	+23.1%	+83.2%	ABOVE	2
DAL	$62.37	-0.8%	+0.4%	+11.2%	+35.4%	ABOVE	2

Hospitality & Travel Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
BKNG	$206.05	+0.2%	+0.2%	+11.7%	+30.0%	ABOVE	0
MAR	$281.74	-0.9%	+0.8%	+10.1%	+17.1%	ABOVE	1

Food & Restaurant Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
SBUX	$97.68	+0.8%	+1.4%	+4.5%	+5.4%	ABOVE	0
MCD	$283.12	-0.4%	+2.3%	+1.0%	+0.4%	BELOW	1

Logistics Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UPS	$123.13	+0.5%	+3.3%	+2.5%	+4.0%	ABOVE	0
FDX	$235.80	+0.1%	+2.8%	+10.8%	+1.0%	ABOVE	0

Industrial Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
HON	$219.84	-0.3%	+1.6%	+12.2%	+13.3%	ABOVE	2
CAT	$396.01	-1.0%	+3.6%	+7.3%	+8.5%	ABOVE	1

Cybersecurity Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ZS	$204.96	-2.5%	-1.1%	+13.4%	+18.8%	ABOVE	3
PANW	$192.18	-3.0%	-3.4%	+6.7%	+15.2%	ABOVE	1
CRWD	$86.90	-4.6%	-2.8%	+17.1%	+25.3%	ABOVE	1

Chip Equipment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ASML	$661.81	-0.2%	-0.2%	-0.3%	-18.9%	BELOW	2
AMAT	$169.20	-1.1%	-2.5%	-5.4%	-12.7%	BELOW	4
LRCX	$70.57	-1.5%	-2.1%	-3.7%	-9.3%	BELOW	2

Data Center REITs Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DLR	$185.69	+0.6%	+4.2%	+9.6%	+22.9%	ABOVE	0
EQIX	$947.28	+0.1%	+6.0%	+8.3%	+12.9%	ABOVE	0

Utilities Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
NEE	$75.08	+1.3%	+2.2%	-0.3%	-3.9%	BELOW
SO	$85.45	+0.5%	+1.8%	-0.6%	+1.8%	ABOVE
DUK	$111.40	+0.3%	+2.2%	+2.8%	+3.0%	ABOVE

Energy Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CVX	$152.03	-0.3%	+0.3%	+10.0%	+12.9%	ABOVE	1
XOM	$111.98	-0.3%	-3.5%	+1.6%	+2.3%	BELOW	4

Defense & Aerospace Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LMT	$501.57	+0.8%	-3.0%	-3.7%	-7.0%	BELOW	0
GD	$273.03	+0.1%	+0.9%	-3.2%	-6.9%	BELOW	0
RTX	$117.26	-0.2%	-0.2%	-0.0%	+1.8%	BELOW	1

Telecom Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
TMUS	$239.96	+0.9%	+4.4%	+10.7%	+23.8%	ABOVE
T	$21.50	+0.8%	+1.3%	+3.2%	+10.3%	ABOVE
VZ	$39.53	+0.0%	+4.4%	+5.3%	+2.6%	ABOVE

Media & Entertainment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DIS	$114.92	+1.9%	+2.5%	+22.2%	+25.8%	ABOVE	0
NFLX	$87.73	+0.5%	-2.2%	+16.0%	+24.6%	ABOVE	0

Biotech Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GILD	$88.07	+1.2%	+3.0%	+4.0%	+10.1%	ABOVE	0
AMGN	$267.36	+0.0%	-3.4%	-11.8%	-16.0%	BELOW	0

Materials Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LIN	$446.76	+0.1%	+0.5%	+0.2%	-2.6%	BELOW	0
APD	$318.60	-0.5%	+1.3%	+7.3%	+16.5%	ABOVE	1

Analog & Embedded Chips Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MCHP	$65.08	-0.8%	+2.7%	-6.9%	-13.3%	BELOW	2
TXN	$190.71	-0.9%	+0.5%	-2.0%	-3.4%	BELOW	2

Key Stock Movers

Today's biggest movers by absolute percentage change: Dell (DELL) (Infrastructure) fell 12.2% to $121.25. Hewlett Packard Enterprise (HPE) (Infrastructure) fell 6.0% to $19.94. CrowdStrike (CRWD) (Cybersecurity) fell 4.6% to $86.90. Salesforce (CRM) (Enterprise Software) fell 3.8% to $325.84. Vertiv (VRT) (Infrastructure) fell 3.6% to $126.66. 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

Looking ahead, market participants should watch breadth metrics and alert counts as 15 sectors remain above their 50-day and 9 are below, signaling a still-favorable but narrowing tape. With 12 sectors negative today and selective 50-day breaks in critical supply-chain names, position sizes should tighten and rotation toward Data Center REITs, Utilities, and Media & Entertainment is prudent until chip supply-chain leadership reasserts itself. Tactical opportunistic buys in high-quality enterprise software and AI infrastructure names are reasonable, but use 50-day trends as your stop-loss guide and favor pairs trades or hedged exposure while earnings and order-flow clarity are pending.

← 2024-11-26

Calendar

2024-11-29 →