US Stock Market Sector Analysis – Wednesday, July 23, 2025 BULLISH

A late-morning defense beat and mixed macro headlines set the tone as the S&P 500 pushed to a new high, driven by hopes for more trade deals even as Tesla Profit Is Hit reports weighed on autos. General Dynamics (GD) led winners after reporting US$13 billion in Q2 sales and US$1 billion in net income, rallying 6.5% and lifting the Defense & Aerospace sector 4.5%. Utilities and select chip names underperformed — NextEra Energy (NEE) plunged 6.1% after company-specific weakness, while Microchip Technology (MCHP) and Texas Instruments (TXN) pressured the Analog & Embedded Chips cohort lower. The Magnificent 7 were modestly higher overall (Mag 7 +0.5%), with NVIDIA (NVDA) up 2.2% and Alphabet (GOOG) lagging slightly.

Market Condition Dashboard

US 10-Year Treasury Yield

Wait & Watch

4.40%

stable

Impact

Confidence

Crude Oil (WTI)

Neutral

$65.25

-1.4% 1D

Impact

Confidence

VIX (Fear Index)

Normal Range

15.4

-6.8% 1D

Impact

Confidence

200-Day Moving Average

Bullish Trend Intact

0/3 below

SPY above (+8.7%), QQQ above (+11.2%), DIA above (+5.8%)

Impact

Confidence

Tracked Stocks Breadth (50DMA)

Late-Cycle Caution

76%

52 of 68 above 50DMA · +0.0pp 5D

Impact

Confidence

Put/Call Ratio (5D)

Contrarian Sell Signal

0.64

Too Optimistic · stable

Impact

Confidence

Signal analysis only — not investment advice

Sector Performance (Base=100)

AI and Technology Sector Analysis

AI leadership remained a core market theme as the Mag 7 continued to benefit from infrastructure spending and enterprise AI rollouts; NVIDIA (NVDA) $170.55 gained 2.2% and sits 38.9% above its 50-day, underscoring chip leadership. Microsoft (MSFT) $501.86 and Amazon (AMZN) $228.29 are trading as safe exposure to cloud AI infrastructure and enterprise software lift, while chip supply chain names are more mixed after selective downdrafts. Investors should watch chip equipment and data center-capacity signals as the next inflection for infrastructure and enterprise software spend.

US Stock Sector Overview

Sector	1D	5D	20D	vs 50MA
Mag 7 (AI Spenders)	+0.5%	+1.6%	+5.9%	ABOVE
Chip Supply Chain	+1.8%	+1.0%	+4.6%	ABOVE
Infrastructure	+2.5%	+0.1%	+7.5%	ABOVE
Enterprise Software	+1.1%	+1.1%	-0.2%	BELOW
Finance	+2.1%	+2.0%	+6.0%	ABOVE
Healthcare	+2.7%	+3.2%	-1.2%	BELOW
Retail	-0.1%	-0.4%	-3.1%	BELOW
IT Services	-0.2%	+0.6%	-2.8%	BELOW
Airlines	+0.1%	-0.8%	+16.9%	ABOVE
Hospitality & Travel	-0.2%	+0.8%	+3.7%	ABOVE
Food & Restaurant	-0.7%	+1.1%	+4.8%	BELOW
Logistics	+2.5%	+4.1%	+5.7%	ABOVE
Industrial	+1.8%	+1.5%	+11.7%	ABOVE
Cybersecurity	-0.5%	-0.4%	-6.1%	BELOW
Chip Equipment	+0.3%	-3.4%	-2.9%	ABOVE
Data Center REITs	-0.3%	+2.0%	+0.3%	BELOW
Utilities	-2.6%	+0.2%	+3.9%	ABOVE
Energy	+1.7%	-0.2%	+4.2%	ABOVE
Defense & Aerospace	+4.5%	-0.6%	+4.5%	ABOVE
Telecom	+0.4%	+3.5%	+1.7%	ABOVE
Media & Entertainment	+0.2%	-3.5%	-2.4%	BELOW
Biotech	+2.1%	+4.0%	+8.8%	ABOVE
Materials	-0.3%	+1.7%	+4.2%	ABOVE
Analog & Embedded Chips	-10.0%	-9.7%	-5.6%	BELOW

Sector Strength

Defense & Aerospace +4.5% 20d: +4.5%

General Dynamics (GD) +6.5% (20d: +11.4%), RTX Corp (RTX) +4.9% (20d: +10.7%), Lockheed Martin (LMT) +2.1% (20d: -8.5%) [<50MA]

Healthcare +2.7% 20d: -1.2%

Eli Lilly (LLY) +2.9% (20d: +0.8%), UnitedHealth (UNH) +2.6% (20d: -3.1%) [<50MA]

Logistics +2.5% 20d: +5.7%

FedEx (FDX) +2.7% (20d: +7.2%), UPS +2.4% (20d: +4.2%)

Infrastructure +2.5% 20d: +7.5%

Vertiv (VRT) +3.9% (20d: +7.0%), Super Micro (SMCI) +3.7% (20d: +10.9%), Dell (DELL) +2.3% (20d: +6.0%)

Finance +2.1% 20d: +6.0%

Goldman Sachs (GS) +2.4% (20d: +7.1%), JPMorgan (JPM) +1.8% (20d: +5.0%)

Sector Warnings

Analog & Embedded Chips -10.0% 20d: -5.6%

Texas Instruments (TXN) -13.3% (20d: -9.3%) [<50MA], Microchip Technology (MCHP) -6.7% (20d: -1.9%)

Utilities -2.6% 20d: +3.9%

NextEra Energy (NEE) -6.1% (20d: +3.5%), Duke Energy (DUK) -1.0% (20d: +3.1%), Southern Co (SO) -0.8% (20d: +5.2%)

Food & Restaurant -0.7% 20d: +4.8%

Starbucks (SBUX) -1.1% (20d: +5.3%), McDonald's (MCD) -0.4% (20d: +4.4%) [<50MA]

Cybersecurity -0.5% 20d: -6.1%

CrowdStrike (CRWD) -2.1% (20d: -6.6%) [<50MA], Zscaler (ZS) -0.8% (20d: -9.2%) [<50MA], Palo Alto Networks (PANW) +1.3% (20d: -2.5%)

Data Center REITs -0.3% 20d: +0.3%

Equinix (EQIX) -0.5% (20d: -3.4%) [<50MA], Digital Realty (DLR) -0.1% (20d: +4.1%)

Sector Deep Dive

Defense & Aerospace outperformed on the day, led by General Dynamics (GD) $311.45, which jumped 6.5% after reporting US$13 billion in Q2 sales and US$1 billion in net income; GD sits 8.3% above its 50-day and the sector average is +4.5% for the day. RTX Corp (RTX) $154.04 also rallied 4.9%, reinforcing a tactical bid into defense names as defense spending beat expectations and drove sector breadth above its 50-day trend for the 50-day window.

Chip Supply Chain showed resilience, with the group up 1.8% today and 22.4% above its 50-day, but internal dispersion was notable as Analog & Embedded Chips lagged sharply. Microchip Technology (MCHP) $68.39 fell 6.7% and Texas Instruments (TXN) $181.17 plunged 13.3%, leaving the Analog & Embedded Chips segment down 10.0% for the day and below the 50-day in relative strength despite the broader supply chain strength.

Infrastructure stocks caught a reflation bid, with Vertiv (VRT) $130.05 up 3.9% and Super Micro (SMCI) $51.70 up 3.7% as the Infrastructure sector gained 2.5% and sits 27.3% above its 50-day. The moves reflect investors rotating into capex- and data-center-related names that will benefit from sustained AI-driven capacity additions over the coming 50-day horizon.

Enterprise Software displayed selective strength: Palantir (PLTR) $154.63 rose 3.7%, contributing to a 1.1% sector gain, though Enterprise Software remains below its 50-day moving average. The 50-day context suggests buyers are rotating into high-visibility names tied to government and corporate AI deployments even as broader software sentiment waits for clearer 50-day confirmation.

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 16 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
NVDA	$170.55	+2.2%	-1.3%	+10.7%	+38.9%	ABOVE	0
META	$711.25	+1.2%	+1.7%	+0.7%	+11.7%	ABOVE	0
AMZN	$228.29	+0.4%	+2.0%	+7.7%	+9.4%	ABOVE	0
TSLA	$332.56	+0.1%	+4.1%	+1.5%	+4.5%	ABOVE	0
MSFT	$501.86	+0.1%	-1.1%	+2.8%	+12.8%	ABOVE	0
AAPL	$213.30	-0.1%	+2.0%	+6.2%	+1.6%	ABOVE	1
GOOG	$190.96	-0.3%	+3.7%	+11.7%	+20.2%	ABOVE	1

Chip Supply Chain Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
AMD	$158.65	+2.5%	-1.1%	+10.6%	+46.7%	ABOVE
TSM	$237.70	+2.4%	-2.1%	+7.9%	+29.0%	ABOVE
AVGO	$281.63	+1.8%	-1.0%	+7.2%	+28.3%	ABOVE
MRVL	$73.11	+1.8%	+1.7%	-3.4%	+13.7%	ABOVE
ARM	$159.28	+1.8%	+1.3%	+1.3%	+27.6%	ABOVE
QCOM	$156.58	+1.2%	+4.8%	+2.5%	+5.7%	ABOVE
INTC	$23.49	+1.1%	+3.0%	+5.8%	+5.9%	ABOVE

Infrastructure Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
VRT	$130.05	+3.9%	-0.7%	+7.0%	+28.9%	ABOVE
SMCI	$51.70	+3.7%	-2.0%	+10.9%	+54.2%	ABOVE
DELL	$125.83	+2.3%	+3.1%	+6.0%	+23.5%	ABOVE
HPE	$20.34	+1.7%	-0.3%	+12.3%	+17.9%	ABOVE
CSCO	$67.23	+0.7%	+0.5%	+1.2%	+11.9%	ABOVE

Enterprise Software Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
PLTR	$154.63	+3.7%	+0.4%	+8.2%	+30.5%	ABOVE	0
CRM	$264.98	+1.4%	+2.8%	-0.2%	-7.3%	BELOW	0
ADBE	$372.46	-0.1%	+1.6%	-3.9%	-5.9%	BELOW	1
NOW	$191.29	-0.6%	-0.3%	-4.8%	-5.8%	BELOW	1

Finance Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GS	$703.36	+2.4%	+1.7%	+7.1%	+21.9%	ABOVE	0
JPM	$291.19	+1.8%	+2.4%	+5.0%	+14.7%	ABOVE	0

Healthcare Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LLY	$793.28	+2.9%	+4.9%	+0.8%	+6.0%	ABOVE	0
UNH	$284.88	+2.6%	+1.5%	-3.1%	-22.2%	BELOW	0

Retail Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
COST	$935.92	-0.0%	-1.3%	-4.6%	-7.4%	BELOW	4
WMT	$94.89	-0.2%	+0.6%	-1.6%	-1.1%	BELOW	1

IT Services Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
IBM	$274.98	+0.0%	+0.0%	-3.1%	+11.2%	ABOVE	0
ACN	$280.26	-0.3%	+1.2%	-2.4%	-10.7%	BELOW	1

Airlines Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DAL	$55.18	+0.6%	-0.6%	+15.9%	+9.8%	ABOVE	0
UAL	$90.43	-0.4%	-0.9%	+17.9%	+15.0%	ABOVE	2

Hospitality & Travel Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MAR	$271.11	+0.2%	+0.7%	+2.8%	+0.8%	ABOVE	0
BKNG	$227.53	-0.7%	+0.9%	+4.6%	+10.6%	ABOVE	1

Food & Restaurant Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MCD	$291.06	-0.4%	-0.7%	+4.4%	-3.9%	BELOW	1
SBUX	$93.45	-1.1%	+2.9%	+5.3%	+12.8%	ABOVE	1

Logistics Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
FDX	$188.04	+2.7%	+4.2%	+7.2%	+2.8%	ABOVE	0
UPS	$96.87	+2.4%	+4.1%	+4.2%	+4.0%	ABOVE	0

Industrial Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CAT	$424.56	+2.5%	+2.7%	+15.5%	+25.3%	ABOVE	0
HON	$231.46	+1.1%	+0.4%	+7.9%	+9.6%	ABOVE	0

Cybersecurity Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
PANW	$199.22	+1.3%	+1.5%	-2.5%	+3.0%	ABOVE	0
ZS	$283.37	-0.8%	-1.0%	-9.2%	+17.3%	BELOW	3
CRWD	$115.38	-2.1%	-1.8%	-6.6%	+7.5%	BELOW	2

Chip Equipment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ASML	$711.36	+1.6%	-3.8%	-12.1%	-4.4%	BELOW	0
AMAT	$185.65	-0.1%	-2.9%	+2.2%	+11.6%	ABOVE	2
LRCX	$96.57	-0.6%	-3.7%	+1.1%	+18.3%	ABOVE	2

Data Center REITs Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DLR	$174.21	-0.1%	+1.4%	+4.1%	+8.7%	ABOVE	1
EQIX	$778.50	-0.5%	+2.7%	-3.4%	-8.0%	BELOW	1

Utilities Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
SO	$92.12	-0.8%	+1.9%	+5.2%	+9.3%	ABOVE	1
DUK	$115.47	-1.0%	+1.7%	+3.1%	+4.1%	ABOVE	1
NEE	$70.77	-6.1%	-3.1%	+3.5%	+5.3%	ABOVE	1

Energy Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CVX	$146.96	+2.1%	+1.1%	+6.9%	+9.4%	ABOVE	0
XOM	$106.53	+1.3%	-1.5%	+1.4%	+1.6%	ABOVE	0

Defense & Aerospace Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
GD	$311.45	+6.5%	+5.6%	+11.4%	+15.3%	ABOVE
RTX	$154.04	+4.9%	+3.3%	+10.7%	+20.5%	ABOVE
LMT	$408.38	+2.1%	-10.6%	-8.5%	-10.8%	BELOW

Telecom Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
T	$26.50	+1.2%	+2.8%	+0.4%	+3.8%	ABOVE	0
TMUS	$229.60	+0.3%	+3.0%	+1.3%	-2.3%	BELOW	0
VZ	$40.10	-0.3%	+4.6%	+3.4%	+1.2%	ABOVE	1

Media & Entertainment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DIS	$121.19	+1.6%	+0.6%	+2.9%	+11.7%	ABOVE	0
NFLX	$117.68	-1.1%	-7.6%	-7.7%	+6.0%	BELOW	2

Biotech Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GILD	$110.68	+3.1%	+4.4%	+7.2%	+10.2%	ABOVE	0
AMGN	$300.20	+1.2%	+3.7%	+10.3%	+13.5%	ABOVE	0

Materials Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
APD	$290.16	-0.1%	+1.5%	+6.3%	+8.5%	ABOVE	1
LIN	$463.75	-0.4%	+1.9%	+2.1%	+3.8%	ABOVE	1

Analog & Embedded Chips Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MCHP	$68.39	-6.7%	-5.5%	-1.9%	+16.1%	ABOVE	1
TXN	$181.17	-13.3%	-14.0%	-9.3%	-0.5%	BELOW	1

Key Stock Movers

Today's biggest movers by absolute percentage change: Texas Instruments (TXN) (Analog & Embedded Chips) fell 13.3% to $181.17. Microchip Technology (MCHP) (Analog & Embedded Chips) fell 6.7% to $68.39. General Dynamics (GD) (Defense & Aerospace) rose 6.5% to $311.45. NextEra Energy (NEE) (Utilities) fell 6.1% to $70.77. RTX Corp (RTX) (Defense & Aerospace) rose 4.9% to $154.04. 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

With 15 sectors above their 50-day moving averages and 9 below, breadth remains constructive even as sector dispersion grows; alert counts remain elevated intra-day around earnings and sector-specific headlines. The S&P 500 new high alongside 50-day leadership in Infrastructure, Chip Supply Chain and Defense argues for maintaining pro-risk positioning into pullbacks, while underweighting Analog & Embedded Chips and Utilities names showing 50-day weakness. Tactical ideas include selective exposure to AI infrastructure leaders and defense contractors, using options to define risk around 50-day technical levels.

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