US Stock Market Sector Analysis – Friday, May 22, 2026 Sectors: BULLISH

Stocks rallied as the S&P 500 notched its eighth straight weekly gain, driven by a rebound in tech and optimism around Iran peace talks that buoyed risk appetite. Infrastructure led the session with a 7.4% one-day gain as Dell (DELL) surged 16.8% to $295.19 and Hewlett Packard Enterprise (HPE) jumped 10.6% to $37.47 after favorable equipment demand headlines. Cybersecurity outperformed too, with Zscaler (ZS) up 6.6% to $182.37 following its Symmetry Systems acquisition and upbeat Q3 commentary. The Magnificent 7 group was essentially flat for the day (Mag 7 -0.0%), but individual movers like NVIDIA (NVDA) $215.08 (-1.9%) and Tesla (TSLA) $426.01 (+2.0%) shaped intraday rotation across sectors.

Market Condition Dashboard

US 10-Year Treasury Yield

Sell / Wait

4.56%

rising

Impact

Confidence

Crude Oil (WTI)

Elevated

$96.60

+0.3% 1D

Impact

Confidence

VIX (Fear Index)

Normal Range

16.7

-0.4% 1D

Impact

Confidence

200-Day Moving Average

Bullish Trend Intact

0/3 below

SPY above (+10.3%), QQQ above (+16.9%), DIA above (+6.9%)

Impact

Confidence

Tracked Stocks Breadth (50DMA)

Late-Cycle Caution

72%

49 of 68 above 50DMA · +7.4pp 5D

Impact

Confidence

Put/Call Ratio (5D)

Contrarian Sell Signal

0.66

Too Optimistic · stable

Impact

Confidence

Signal analysis only — not investment advice

Sector Heatmap (1D)

Infrastructure +7.37%

Cybersecurity +4.01%

EDA & Semiconductor IP +3.71%

Analog & Embedded Chips +3.34%

Chip Supply Chain +3.15%

AI Networking & Interconnect +3.10%

AI Power & Grid +2.14%

Logistics +2.09%

Healthcare +1.90%

Chip Equipment +1.81%

Biotech +1.76%

Industrial +1.73%

Defense & Aerospace +1.41%

Enterprise Software +1.14%

Finance +0.99%

IT Services +0.56%

Airlines +0.48%

Hospitality & Travel +0.34%

Materials +0.17%

Telecom +0.05%

Energy -0.01%

Mag 7 (AI Spenders) -0.03%

Utilities -0.04%

Data Center REITs -0.51%

Media & Entertainment -0.67%

Food & Restaurant -0.83%

Memory & Storage -1.44%

Retail -1.50%

≤-3%0≥+3%

Sector Performance (Base=100)

AI and Technology Sector Analysis

The AI investment narrative remains intact as demand signals flow from hyperscalers into chips, infrastructure and software stacks. NVIDIA (NVDA) $215.08, despite a 1.9% pullback today, sits +19.5% over the 50-day, illustrating continued leadership in the chip supply chain while chip suppliers such as Qualcomm (QCOM) $237.28 (+11.6% today) are repriced higher on accelerated content gains. Cloud and networking beneficiaries — Cisco (CSCO) was singled out in headlines — and enterprise security plays like Zscaler (ZS) $182.37 are getting incremental capex and M&A support, reinforcing a broad AI ecosystem trade beyond just the Mag 7 names.

US Stock Sector Overview

Sector	1D	5D	20D	vs 50MA
Mag 7 (AI Spenders)	-0.0%	+0.1%	+3.8%	ABOVE
Chip Supply Chain	+3.2%	+9.3%	+27.0%	ABOVE
Memory & Storage	-1.4%	+9.1%	+34.6%	ABOVE
EDA & Semiconductor IP	+3.7%	+18.6%	+19.4%	ABOVE
Infrastructure	+7.4%	+10.2%	+26.7%	ABOVE
AI Networking & Interconnect	+3.1%	+7.1%	-1.5%	ABOVE
Enterprise Software	+1.1%	-0.2%	+4.4%	BELOW
Finance	+1.0%	+3.6%	+2.3%	ABOVE
Healthcare	+1.9%	+3.6%	+16.2%	ABOVE
Retail	-1.5%	-7.1%	-1.2%	BELOW
IT Services	+0.6%	+7.5%	+6.7%	BELOW
Airlines	+0.5%	+8.2%	+10.4%	ABOVE
Hospitality & Travel	+0.3%	+3.4%	-3.4%	BELOW
Food & Restaurant	-0.8%	-1.7%	+1.6%	BELOW
Logistics	+2.1%	+6.2%	-1.7%	ABOVE
Industrial	+1.7%	+3.4%	+7.1%	ABOVE
Cybersecurity	+4.0%	+5.6%	+41.5%	ABOVE
Chip Equipment	+1.8%	+8.2%	+9.5%	ABOVE
Data Center REITs	-0.5%	+2.0%	-1.3%	ABOVE
AI Power & Grid	+2.1%	+6.3%	-2.5%	ABOVE
Utilities	-0.0%	+0.9%	-1.7%	BELOW
Energy	-0.0%	-2.5%	+4.9%	BELOW
Defense & Aerospace	+1.4%	+0.6%	+5.4%	BELOW
Telecom	+0.0%	+2.4%	+2.1%	BELOW
Media & Entertainment	-0.7%	-1.0%	-1.2%	BELOW
Biotech	+1.8%	+4.1%	+2.8%	BELOW
Materials	+0.2%	+0.0%	-1.5%	BELOW
Analog & Embedded Chips	+3.3%	-0.3%	+8.2%	ABOVE

Sector Strength

Infrastructure +7.4% 20d: +26.7%

Dell (DELL) +16.8% (20d: +36.7%), Hewlett Packard Enterprise (HPE) +10.6% (20d: +31.3%), Super Micro (SMCI) +6.3% (20d: +27.8%)

Cybersecurity +4.0% 20d: +41.5%

Zscaler (ZS) +6.6% (20d: +36.0%), Palo Alto Networks (PANW) +3.0% (20d: +42.5%), CrowdStrike (CRWD) +2.3% (20d: +45.9%)

EDA & Semiconductor IP +3.7% 20d: +19.4%

Cadence Design Systems (CDNS) +4.2% (20d: +11.0%), Synopsys (SNPS) +4.1% (20d: +5.3%), ARM Holdings (ARM) +2.8% (20d: +42.0%)

Analog & Embedded Chips +3.3% 20d: +8.2%

Texas Instruments (TXN) +3.6% (20d: +15.3%), Analog Devices (ADI) +3.3% (20d: +1.1%), Microchip Technology (MCHP) +3.1% (20d: +8.1%)

Chip Supply Chain +3.2% 20d: +27.0%

Qualcomm (QCOM) +11.6% (20d: +58.5%), Advanced Micro Devices (AMD) +4.0% (20d: +39.7%), Marvell (MRVL) +3.0% (20d: +24.1%)

Sector Warnings

Retail -1.5% 20d: -1.2%

Costco (COST) -2.1% (20d: +3.2%), Walmart (WMT) -0.9% (20d: -5.6%) [<50MA]

Memory & Storage -1.4% 20d: +34.6%

Sandisk (SNDK) -4.1% (20d: +38.2%), Micron (MU) -1.5% (20d: +43.2%), Western Digital (WDC) -0.4% (20d: +20.8%)

Food & Restaurant -0.8% 20d: +1.6%

Starbucks (SBUX) -1.0% (20d: +5.9%), McDonald's (MCD) -0.7% (20d: -2.7%) [<50MA]

Media & Entertainment -0.7% 20d: -1.2%

Netflix (NFLX) -0.8% (20d: -3.0%) [<50MA], Disney (DIS) -0.6% (20d: +0.6%)

Data Center REITs -0.5% 20d: -1.3%

Digital Realty (DLR) -1.2% (20d: -2.2%), Equinix (EQIX) +0.1% (20d: -0.4%)

Sector Deep Dive

Infrastructure benefited from the AI capex cycle and a handful of corporate developments, producing a one-day return of 7.4% and a 50-day trend ABOVE the 50MA. Dell (DELL) led with a 16.8% surge to $295.19, trading well above its 50-day trend and acting as a catalyst for HPE; Hewlett Packard Enterprise (HPE) rose 10.6% to $37.47 and sits comfortably above its 50-day average as order flow commentary lifted the group. Super Micro (SMCI) added 6.3% to $35.58, reinforcing a 50-day constructive backdrop for infrastructure hardware as buyers chase AI server exposure.

Chip Supply Chain continued to show strength with a one-day gain of 3.1% and an impressive 50-day performance ABOVE the 50MA (+103.4% vs 50MA), highlighting where the market is concentrating AI content bets. Qualcomm (QCOM) jumped 11.6% to $237.28 and is trading well above its 50-day trend, signaling renewed optimism on modem and accelerator demand. Analog & Embedded Chips echoed the move, posting +3.3% on the day and holding a 50-day trend ABOVE the 50MA (+57.2%), underscoring durable technical leadership in the semiconductor complex.

Cybersecurity produced solid returns (one-day +4.0%) and sits ABOVE its 50-day trend (+41.6% vs 50MA), as the sector benefits from AI-driven security demands and consolidation. Zscaler (ZS) rallied 6.6% to $182.37 after announcing the Symmetry Systems acquisition and Q3 positioning, trading significantly above its 50-day level and drawing investor attention to cloud security spend. The outperformance suggests rotation into enterprise protection solutions as companies retool for AI-era risk controls.

Data Center REITs were mixed intraday, slipping -0.5% to a notable name: Digital Realty (DLR) fell 1.2% to $190.76 but the broader group remains ABOVE its 50-day trend (+9.4% vs 50MA). The small pullback in DLR contrasts with underlying data center demand driven by AI workloads and suggests selective stock-level headlines rather than a sector-wide reversal. Investors are watching leasing spreads and hyperscaler expansion plans to gauge the sustainability of the 50-day strength.

Market Breadth Analysis

US stock market breadth analysis shows 16 of 28 sectors trading above their 50-day moving average, while 12 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 & 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	$426.01	+2.0%	+3.9%	+12.5%	+8.9%	ABOVE	0
AAPL	$308.55	+1.3%	+3.7%	+15.5%	+23.6%	ABOVE	0
META	$609.69	+0.5%	-0.2%	-10.1%	-0.5%	BELOW	0
MSFT	$417.78	-0.1%	-1.0%	-1.3%	+6.0%	ABOVE	2
AMZN	$266.32	-0.8%	+0.6%	+2.0%	+28.2%	ABOVE	1
GOOG	$379.15	-1.1%	-3.5%	+8.9%	+25.8%	ABOVE	2
NVDA	$215.08	-1.9%	-3.1%	-0.6%	+19.5%	ABOVE	2

Chip Supply Chain Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
QCOM	$237.28	+11.6%	+17.0%	+58.5%	+83.5%	ABOVE	0
AMD	$467.51	+4.0%	+11.1%	+39.7%	+141.7%	ABOVE	0
MRVL	$196.28	+3.0%	+16.2%	+24.1%	+123.6%	ABOVE	0
INTC	$119.84	+1.1%	+10.8%	+41.0%	+161.8%	ABOVE	0
AVGO	$413.49	-0.1%	-1.6%	-1.0%	+28.8%	ABOVE	2
TSM	$403.57	-0.6%	+2.2%	-0.1%	+19.9%	ABOVE	1

Memory & Storage Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
STX	$812.15	+0.3%	+9.7%	+36.4%	+112.2%	ABOVE	0
WDC	$484.15	-0.4%	+5.6%	+20.8%	+77.9%	ABOVE	1
MU	$750.88	-1.5%	+10.2%	+43.2%	+76.3%	ABOVE	1
SNDK	$1478.69	-4.1%	+10.9%	+38.2%	+123.5%	ABOVE	1

EDA & Semiconductor IP Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
CDNS	$373.59	+4.2%	+8.0%	+11.0%	+30.2%	ABOVE
SNPS	$524.74	+4.1%	+5.3%	+5.3%	+27.2%	ABOVE
ARM	$306.51	+2.8%	+42.5%	+42.0%	+164.8%	ABOVE

Infrastructure Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
DELL	$294.70	+16.8%	+24.0%	+36.7%	+95.3%	ABOVE
HPE	$37.47	+10.6%	+13.9%	+31.3%	+75.3%	ABOVE
SMCI	$35.58	+6.3%	+15.3%	+27.8%	+15.7%	ABOVE
CSCO	$119.96	+1.9%	+1.3%	+36.4%	+54.6%	ABOVE
VRT	$327.39	+1.3%	-3.6%	+1.6%	+26.5%	ABOVE

AI Networking & Interconnect Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
APH	$131.86	+5.8%	+8.5%	-11.2%	-1.2%	BELOW	0
ANET	$154.03	+3.7%	+8.7%	-10.7%	+15.3%	ABOVE	0
COHR	$377.57	-0.1%	+4.1%	+17.4%	+55.5%	ABOVE	1

Enterprise Software Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
NOW	$102.13	+2.4%	-1.2%	+12.9%	-10.1%	ABOVE	0
CRM	$179.61	+2.1%	+0.3%	-0.1%	-6.4%	BELOW	0
ORCL	$191.41	+1.2%	+2.9%	+11.1%	+24.3%	ABOVE	0
ADBE	$244.76	+0.3%	-4.3%	+2.3%	-1.8%	BELOW	0
PLTR	$136.88	-0.4%	+1.3%	-4.3%	-9.3%	BELOW	1

Finance Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
JPM	$305.01	+1.1%	+1.9%	-1.7%	+8.6%	ABOVE	0
GS	$992.36	+0.9%	+5.3%	+6.3%	+27.4%	ABOVE	0

Healthcare Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LLY	$1063.48	+2.2%	+7.8%	+22.9%	+8.3%	ABOVE	0
UNH	$386.26	+1.6%	-0.7%	+9.5%	+37.7%	ABOVE	0

Retail Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
WMT	$119.98	-0.9%	-9.8%	-5.6%	-4.6%	BELOW	3
COST	$1026.61	-2.1%	-4.5%	+3.2%	+2.1%	ABOVE	3

IT Services Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ACN	$177.11	+0.8%	+1.0%	+1.3%	-8.1%	BELOW	0
IBM	$252.03	+0.3%	+14.0%	+12.1%	+3.8%	ABOVE	0

Airlines Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DAL	$75.95	+0.6%	+8.4%	+11.9%	+29.9%	ABOVE	0
UAL	$99.96	+0.3%	+8.0%	+8.8%	+15.4%	ABOVE	0

Hospitality & Travel Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
BKNG	$160.66	+0.9%	+3.9%	-9.3%	-5.1%	BELOW	0
MAR	$368.40	-0.2%	+3.0%	+2.6%	+17.9%	ABOVE	1

Food & Restaurant Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MCD	$280.37	-0.7%	-0.1%	-2.7%	-13.5%	BELOW	1
SBUX	$102.52	-1.0%	-3.3%	+5.9%	+4.6%	ABOVE	2

Logistics Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UPS	$99.43	+2.8%	+5.7%	-5.1%	+5.7%	ABOVE	0
FDX	$316.46	+1.4%	+6.6%	+1.6%	+12.1%	ABOVE	0

Industrial Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
HON	$238.32	+1.8%	+4.9%	+8.1%	-2.3%	ABOVE	0
CAT	$878.26	+1.6%	+1.8%	+6.2%	+27.0%	ABOVE	0

Cybersecurity Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
ZS	$182.37	+6.6%	+4.4%	+36.0%	+18.6%	ABOVE
PANW	$260.58	+3.0%	+5.3%	+42.5%	+56.0%	ABOVE
CRWD	$165.87	+2.3%	+7.2%	+45.9%	+50.2%	ABOVE

Chip Equipment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
ASML	$1630.79	+2.6%	+10.9%	+14.0%	+21.6%	ABOVE
KLAC	$188.62	+2.5%	+7.5%	-0.5%	+33.3%	ABOVE
AMAT	$431.70	+1.1%	+4.6%	+6.9%	+26.7%	ABOVE
LRCX	$305.14	+1.0%	+9.9%	+17.7%	+43.9%	ABOVE

Data Center REITs Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
EQIX	$1074.66	+0.1%	+2.1%	-0.4%	+11.9%	ABOVE	0
DLR	$190.76	-1.2%	+1.9%	-2.2%	+6.9%	ABOVE	1

AI Power & Grid Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
VST	$156.05	+4.8%	+14.3%	-6.2%	-1.6%	ABOVE	0
CEG	$293.62	+2.9%	+12.2%	-6.5%	-2.4%	ABOVE	0
ETN	$390.39	+2.6%	+2.5%	-5.8%	+10.4%	ABOVE	0
PWR	$723.33	+0.9%	+0.1%	+13.5%	+29.4%	ABOVE	0
GEV	$1038.21	-0.5%	+2.6%	-7.3%	+29.1%	ABOVE	1

Utilities Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DUK	$124.57	+0.8%	+2.3%	-0.3%	-4.8%	BELOW	0
SO	$93.78	+0.3%	+0.9%	+1.7%	-2.7%	ABOVE	0
NEE	$87.91	-1.3%	-0.6%	-6.6%	-4.6%	BELOW	1

Energy Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CVX	$189.77	+0.2%	-1.5%	+4.5%	-1.8%	BELOW	0
XOM	$153.92	-0.2%	-3.5%	+5.3%	-0.1%	ABOVE	3

Defense & Aerospace Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
LMT	$529.77	+2.0%	+0.9%	+3.9%	-17.5%	BELOW
GD	$341.39	+1.2%	-0.1%	+9.7%	-2.0%	ABOVE
RTX	$176.42	+1.0%	+1.0%	+2.5%	-13.1%	BELOW

Telecom Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
TMUS	$190.44	+0.3%	+0.4%	+4.8%	-11.9%	BELOW	0
VZ	$47.54	+0.2%	+3.4%	+2.7%	-4.5%	ABOVE	0
T	$24.93	-0.3%	+3.4%	-1.0%	-7.9%	BELOW	1

Media & Entertainment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DIS	$102.22	-0.6%	-0.9%	+0.6%	+3.7%	ABOVE	2
NFLX	$88.60	-0.8%	-1.2%	-3.0%	-7.0%	BELOW	1

Biotech Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GILD	$133.48	+3.0%	+3.6%	+5.2%	-7.3%	BELOW	0
AMGN	$337.33	+0.6%	+4.6%	+0.5%	-6.6%	BELOW	0

Materials Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LIN	$515.95	+0.6%	+1.3%	+1.3%	+4.8%	ABOVE	0
APD	$287.68	-0.2%	-1.3%	-4.3%	+1.1%	BELOW	1

Analog & Embedded Chips Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
TXN	$307.63	+3.6%	+2.9%	+15.3%	+62.9%	ABOVE
ADI	$395.99	+3.3%	-5.1%	+1.1%	+29.7%	ABOVE
MCHP	$92.87	+3.1%	+1.2%	+8.1%	+51.6%	ABOVE

Key Stock Movers

Today's biggest movers by absolute percentage change: Dell (DELL) (Infrastructure) rose 16.8% to $294.70. Qualcomm (QCOM) (Chip Supply Chain) rose 11.6% to $237.28. Hewlett Packard Enterprise (HPE) (Infrastructure) rose 10.6% to $37.47. Zscaler (ZS) (Cybersecurity) rose 6.6% to $182.37. Super Micro (SMCI) (Infrastructure) rose 6.3% to $35.58. 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 US stock market backdrop remains constructive but bifurcated: 15 sectors were up versus 4 down today, and breadth is split with 12 sectors above their 50MA and 12 below, an alert-count style signal that the market is rotating rather than extending a single-style rally. With Mag 7 overall flat but chips, infrastructure and cybersecurity showing clear 50-day leadership, positioning should favor thematic exposure to AI supply chain winners while trimming laggards in Retail and Utilities that sit below their 50-day averages. Maintain tactical long exposure to sectors with confirmed 50-day leadership and use weakness in previously leading names as selective rebalancing opportunities.

Hypothetical Portfolio

SIMULATION

Value $124,672

P&L +24.67%

Today +1.86%

View full portfolio → Simulation only. Not investment advice.

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