US Stock Market Sector Analysis – Monday, July 22, 2024 BULLISH

Chip equipment stocks led the US stock market rally today after Lam Research (LRCX) jumped 6.5% to $96.05 and Applied Materials (AMAT) climbed 6.3% to $219.77, sending the Chip Equipment sector up 6.0% and lifting broader semiconductor supply-chain names. The move came alongside a mixed Mag 7 session: Tesla (TSLA) rallied 5.1% to $251.51 and NVIDIA (NVDA) gained 4.8% to $123.34, while Apple (AAPL) and Amazon (AMZN) slipped marginally; the Mag 7 group finished +2.2% for the day. Defensive cracks showed as Cybersecurity sank 4.2% with CrowdStrike (CRWD) plunging 13.5% to $65.98, dragging the S&P 500 intraday narrative into risk‑on vs. risk‑off rotations. Today’s sector breadth was constructive on a 1‑day basis (15 sectors up) but remains uneven versus moving averages, a signal investors should weigh in sector analysis and positioning.

Market Condition Dashboard

US 10-Year Treasury Yield

Wait & Watch

4.26%

stable

Impact

Confidence

Crude Oil (WTI)

Neutral

$79.78

-0.4% 1D

Impact

Confidence

VIX (Fear Index)

Normal Range

14.9

-9.8% 1D

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 investment theme got a clear tailwind from the chip equipment rebound and another strong session among the Mag 7, led by NVIDIA (NVDA) at $123.34 and Tesla (TSLA) at $251.51, reinforcing demand expectations for data‑center and AI compute. Strength in the Chip Supply Chain (+2.4%) and Analog & Embedded Chips (+4.2%) supports the view that capacity investment and materials demand are picking up, benefiting suppliers such as Lam Research (LRCX) $96.05 and Applied Materials (AMAT) $219.77. Infrastructure and enterprise software remain bifurcated: Infrastructure rose 0.7% but Enterprise Software only +0.9% and sits below its 50-day context, suggesting near-term operational spending is cautious even as AI infrastructure capex narratives firm.

US Stock Sector Overview

Sector	1D	5D	20D	vs 50MA
Mag 7 (AI Spenders)	+2.2%	-2.5%	N/A	ABOVE
Chip Supply Chain	+2.4%	-7.6%	N/A	BELOW
Infrastructure	+0.7%	-4.3%	N/A	BELOW
Enterprise Software	+0.9%	-1.0%	N/A	BELOW
Finance	+0.3%	-2.4%	N/A	BELOW
Healthcare	-0.1%	-3.1%	N/A	BELOW
Retail	+0.3%	+0.1%	N/A	BELOW
IT Services	+0.6%	+0.6%	N/A	BELOW
Airlines	-1.5%	-1.2%	N/A	BELOW
Hospitality & Travel	-0.9%	-4.9%	N/A	BELOW
Food & Restaurant	-1.3%	+1.1%	N/A	ABOVE
Logistics	+0.2%	-1.7%	N/A	BELOW
Industrial	+0.8%	-1.9%	N/A	BELOW
Cybersecurity	-4.2%	-12.4%	N/A	BELOW
Chip Equipment	+6.0%	-10.1%	N/A	BELOW
Data Center REITs	+0.9%	-2.9%	N/A	BELOW
Utilities	+0.8%	+1.1%	N/A	ABOVE
Energy	-1.0%	-0.6%	N/A	BELOW
Defense & Aerospace	+0.6%	+0.4%	N/A	ABOVE
Telecom	-3.9%	-3.4%	N/A	BELOW
Media & Entertainment	+0.3%	-2.9%	N/A	BELOW
Biotech	+0.6%	+1.0%	N/A	ABOVE
Materials	-2.6%	-3.5%	N/A	BELOW
Analog & Embedded Chips	+4.2%	-1.1%	N/A	ABOVE

Sector Strength

Chip Equipment +6.0% 20d: N/A

Lam Research (LRCX) +6.5% [<50MA], Applied Materials (AMAT) +6.3% [<50MA], ASML +5.1% [<50MA]

Analog & Embedded Chips +4.2% 20d: N/A

Microchip Technology (MCHP) +4.9%, Texas Instruments (TXN) +3.4%

Chip Supply Chain +2.4% 20d: N/A

Qualcomm (QCOM) +4.7% [<50MA], Marvell (MRVL) +3.8% [<50MA], AMD +2.8% [<50MA]

Mag 7 (AI Spenders) +2.2% 20d: N/A

Tesla (TSLA) +5.1%, NVIDIA (NVDA) +4.8%, Meta (META) +2.2%

Enterprise Software +0.9% 20d: N/A

Salesforce (CRM) +2.6%, ServiceNow (NOW) +0.7%, Adobe (ADBE) +0.7% [<50MA]

Sector Warnings

Cybersecurity -4.2% 20d: N/A

CrowdStrike (CRWD) -13.5% [<50MA], Zscaler (ZS) -0.1% [<50MA], Palo Alto Networks (PANW) +0.8%

Telecom -3.9% 20d: N/A

Verizon (VZ) -6.1% [<50MA], AT&T (T) -3.0% [<50MA], T-Mobile (TMUS) -2.5% [<50MA]

Materials -2.6% 20d: N/A

Air Products (APD) -5.5% [<50MA], Linde (LIN) +0.3%

Airlines -1.5% 20d: N/A

Delta (DAL) -3.5% [<50MA], United (UAL) +0.5%

Food & Restaurant -1.3% 20d: N/A

Starbucks (SBUX) -3.4%, McDonald's (MCD) +0.9%

Sector Deep Dive

Chip Equipment performance dominated today’s sector analysis after Lam Research (LRCX) surged 6.5% to $96.05 and Applied Materials (AMAT) rose 6.3% to $219.77, with ASML adding 5.1% to $925.23. The Chip Equipment sector average jumped 6.0% on the day; however, the sector is noted as BELOW its 50-day context, indicating this rally may be a relief bounce within a longer corrective phase across the past 50 trading days.

Mag 7 and AI Spenders drove headline momentum as Tesla (TSLA) advanced 5.1% to $251.51 and NVIDIA (NVDA) added 4.8% to $123.34, contributing to the Mag 7 basket’s +2.2% return. Several Mag 7 constituents remain ABOVE their 50-day benchmarks (TSLA, NVDA, META, GOOG) while others like Microsoft (MSFT) $436.09 and Apple (AAPL) $222.04 sit BELOW their 50-day lines, highlighting internal dispersion within the concentrated market leaders over the 50-day window.

Cybersecurity faced a harsh session and is the weakest sector in 1-day and 5-day comparisons: Cybersecurity fell 4.2% today and is -12.4% over five days, driven by CrowdStrike (CRWD) tumbling 13.5% to $65.98. This underperformance leaves the sector materially below its 50-day trend and signals heightened sentiment risk around vendor growth guidance and renewal cycles across enterprise security buyers.

Telecom and Materials showed notable weakness in a risk‑on tape, with Telecom down 3.9% and Verizon (VZ) sliding 6.1% to $34.29, while Materials fell 2.6% driven by Air Products (APD) down 5.5% to $236.23. Both sectors sit BELOW their 50-day context, underscoring that cyclical and defensive areas alike have yet to reclaim the intermediate trend after recent volatility.

Market Breadth Analysis

US stock market breadth analysis shows 6 of 24 sectors trading above their 50-day moving average, while 18 are below. With the majority of sectors below the 50-day MA, medium-term momentum is deteriorating. The 20-day breadth shows 24 sectors in negative territory, pointing to widespread selling pressure.

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
TSLA	$251.51	+5.1%	-2.0%	N/A	N/A	ABOVE	0
NVDA	$123.34	+4.8%	-2.2%	N/A	N/A	ABOVE	0
META	$484.15	+2.2%	-0.5%	N/A	N/A	ABOVE	0
GOOG	$181.95	+2.2%	-1.2%	N/A	N/A	ABOVE	0
MSFT	$436.09	+1.3%	-1.5%	N/A	N/A	BELOW	0
AAPL	$222.04	-0.2%	-4.6%	N/A	N/A	BELOW	1
AMZN	$182.55	-0.3%	-5.4%	N/A	N/A	BELOW	4

Chip Supply Chain Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
QCOM	$186.84	+4.7%	-7.0%	N/A	N/A	BELOW
MRVL	$68.64	+3.8%	-8.7%	N/A	N/A	BELOW
AMD	$155.87	+2.8%	-12.2%	N/A	N/A	BELOW
AVGO	$158.09	+2.4%	-4.9%	N/A	N/A	BELOW
TSM	$165.10	+2.2%	-9.0%	N/A	N/A	BELOW
INTC	$33.16	+1.2%	-2.8%	N/A	N/A	BELOW
ARM	$163.55	+0.1%	-8.5%	N/A	N/A	BELOW

Infrastructure Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
VRT	$87.63	+3.0%	-2.1%	N/A	N/A	ABOVE	0
DELL	$124.62	+2.3%	-4.1%	N/A	N/A	BELOW	0
HPE	$19.60	+0.5%	-3.9%	N/A	N/A	BELOW	0
CSCO	$44.65	-1.1%	-1.3%	N/A	N/A	BELOW	3
SMCI	$78.63	-1.3%	-10.3%	N/A	N/A	BELOW	5

Enterprise Software Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CRM	$250.47	+2.6%	-0.8%	N/A	N/A	ABOVE	0
NOW	$151.30	+0.7%	-0.6%	N/A	N/A	ABOVE	0
ADBE	$554.82	+0.7%	-2.1%	N/A	N/A	BELOW	0
PLTR	$28.46	-0.4%	-0.7%	N/A	N/A	BELOW	2

Finance Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GS	$467.62	+0.4%	-3.2%	N/A	N/A	BELOW	0
JPM	$201.80	+0.2%	-1.6%	N/A	N/A	BELOW	0

Healthcare Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LLY	$854.04	+1.0%	-8.0%	N/A	N/A	BELOW	0
UNH	$533.88	-1.2%	+1.8%	N/A	N/A	ABOVE	1

Retail Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
COST	$838.34	+1.1%	-0.4%	N/A	N/A	ABOVE	0
WMT	$69.09	-0.5%	+0.6%	N/A	N/A	BELOW	3

IT Services Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ACN	$318.95	+0.7%	+2.0%	N/A	N/A	ABOVE	0
IBM	$174.28	+0.5%	-0.9%	N/A	N/A	BELOW	0

Airlines Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UAL	$48.19	+0.5%	+2.4%	N/A	N/A	ABOVE	0
DAL	$42.70	-3.5%	-4.8%	N/A	N/A	BELOW	1

Hospitality & Travel Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MAR	$238.44	-0.4%	-4.8%	N/A	N/A	BELOW	4
BKNG	$153.87	-1.5%	-5.1%	N/A	N/A	BELOW	1

Food & Restaurant Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MCD	$247.58	+0.9%	+0.9%	N/A	N/A	ABOVE	0
SBUX	$72.77	-3.4%	+1.4%	N/A	N/A	ABOVE	1

Logistics Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
FDX	$237.78	+0.4%	-1.9%	N/A	N/A	BELOW	0
UPS	$128.52	+0.0%	-1.5%	N/A	N/A	BELOW	0

Industrial Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
HON	$205.57	+1.1%	-0.7%	N/A	N/A	BELOW	0
CAT	$340.02	+0.5%	-3.1%	N/A	N/A	BELOW	0

Cybersecurity Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
PANW	$166.85	+0.8%	-1.4%	N/A	N/A	ABOVE	0
ZS	$188.41	-0.1%	-7.2%	N/A	N/A	BELOW	5
CRWD	$65.98	-13.5%	-28.5%	N/A	N/A	BELOW	5

Chip Equipment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
LRCX	$96.05	+6.5%	-9.2%	N/A	N/A	BELOW
AMAT	$219.77	+6.3%	-9.1%	N/A	N/A	BELOW
ASML	$925.23	+5.1%	-11.9%	N/A	N/A	BELOW

Data Center REITs Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
EQIX	$765.30	+1.5%	-1.7%	N/A	N/A	BELOW	0
DLR	$146.80	+0.3%	-4.2%	N/A	N/A	BELOW	0

Utilities Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
NEE	$68.80	+1.2%	+1.4%	N/A	N/A	ABOVE
DUK	$100.13	+0.6%	+0.9%	N/A	N/A	ABOVE
SO	$76.66	+0.6%	+0.9%	N/A	N/A	ABOVE

Energy Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
XOM	$107.95	-0.7%	-0.7%	N/A	N/A	BELOW	2
CVX	$144.13	-1.4%	-0.5%	N/A	N/A	BELOW	2

Defense & Aerospace Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GD	$280.28	+1.0%	-0.1%	N/A	N/A	ABOVE	0
RTX	$100.04	+0.9%	+0.1%	N/A	N/A	ABOVE	0
LMT	$450.25	-0.1%	+1.3%	N/A	N/A	ABOVE	3

Telecom Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
TMUS	$171.76	-2.5%	-3.0%	N/A	N/A	BELOW	3
T	$16.92	-3.0%	-1.6%	N/A	N/A	BELOW	3
VZ	$34.29	-6.1%	-5.7%	N/A	N/A	BELOW	2

Media & Entertainment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
NFLX	$64.75	+2.2%	-1.3%	N/A	N/A	ABOVE	0
DIS	$91.98	-1.7%	-4.4%	N/A	N/A	BELOW	4

Biotech Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
AMGN	$315.97	+1.4%	+0.8%	N/A	N/A	ABOVE	0
GILD	$68.37	-0.2%	+1.1%	N/A	N/A	ABOVE	2

Materials Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LIN	$434.72	+0.3%	+0.1%	N/A	N/A	ABOVE	0
APD	$236.23	-5.5%	-7.1%	N/A	N/A	BELOW	3

Analog & Embedded Chips Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MCHP	$88.20	+4.9%	-1.8%	N/A	N/A	ABOVE	0
TXN	$194.56	+3.4%	-0.4%	N/A	N/A	ABOVE	0

Key Stock Movers

Today's biggest movers by absolute percentage change: CrowdStrike (CRWD) (Cybersecurity) fell 13.5% to $65.98. Lam Research (LRCX) (Chip Equipment) rose 6.5% to $96.05. Applied Materials (AMAT) (Chip Equipment) rose 6.3% to $219.77. Verizon (VZ) (Telecom) fell 6.1% to $34.29. Air Products (APD) (Materials) fell 5.5% to $236.23. 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 higher today but only 6 sectors above their 50MA (and 18 below), breadth remains unstable and favors selective exposure. Alert counts are elevated given large single‑name moves — notably LRCX, AMAT and CRWD — and the 50-day trend picture suggests momentum trades should be sized cautiously. Positioning advice: favor targeted exposure to chip equipment and select AI supply-chain names that show relative strength above their 50-day context, while trimming exposure to names and sectors that remain below the 50-day trend such as Cybersecurity and Telecom until dispersion narrows.

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