US Stock Market Sector Analysis – Thursday, August 08, 2024 BULLISH

A late-morning tech-led rebound drove the US stock market higher as strength in chip-related names and AI beneficiaries dominated sector leadership. Chip Supply Chain jumped 7.4% while Chip Equipment rose 6.1%, led by ARM Holdings (ARM) climbing 10.6% to $118.43 and Intel (INTC) up 7.9% to $20.49. Enterprise Software surged 5.2% with Palantir (PLTR) rallying 11.2% to $29.28, and Healthcare outperformed at +4.8% as Eli Lilly (LLY) gained 9.5% to $833.67. The Magnificent 7 were broadly positive — NVIDIA (NVDA) +6.1% to $104.80, Meta (META) +4.2% to $506.23 — but most of the group remains below 50-day trend readings overall.

Market Condition Dashboard

US 10-Year Treasury Yield

Neutral

3.99%

stable

Impact

Confidence

Crude Oil (WTI)

Neutral

$76.19

+1.3% 1D

Impact

Confidence

VIX (Fear Index)

Elevated Caution

23.8

-14.6% 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

AI-related investment flows concentrated in the Mag 7 and the chip supply chain continue to re-rate select cyclical and infrastructure names today. NVIDIA (NVDA) at $104.80 led AI sentiment, while Microsoft (MSFT) $396.46 and Meta (META) $506.23 supported demand for enterprise AI stacks and cloud capacity. Strength in chip equipment and suppliers suggests near-term capex expectations are rising, and enterprise software names with AI product leverage, exemplified by Palantir (PLTR) $29.28, are trading as growth re-acceleration plays.

US Stock Sector Overview

Sector	1D	5D	20D	vs 50MA
Mag 7 (AI Spenders)	+2.9%	-1.5%	N/A	BELOW
Chip Supply Chain	+7.4%	+3.0%	N/A	BELOW
Infrastructure	+3.7%	-6.5%	N/A	BELOW
Enterprise Software	+5.2%	+5.5%	N/A	BELOW
Finance	+2.3%	+2.8%	N/A	BELOW
Healthcare	+4.8%	+0.5%	N/A	ABOVE
Retail	+2.4%	+0.5%	N/A	BELOW
IT Services	+1.2%	-0.2%	N/A	BELOW
Airlines	+6.2%	+1.0%	N/A	BELOW
Hospitality & Travel	+1.6%	+1.5%	N/A	BELOW
Food & Restaurant	+0.6%	-1.1%	N/A	ABOVE
Logistics	+1.3%	-3.1%	N/A	BELOW
Industrial	+2.1%	+1.4%	N/A	BELOW
Cybersecurity	+4.0%	+5.2%	N/A	BELOW
Chip Equipment	+6.1%	+6.0%	N/A	BELOW
Data Center REITs	+2.7%	-0.2%	N/A	BELOW
Utilities	-0.6%	-1.9%	N/A	ABOVE
Energy	+1.7%	-0.9%	N/A	BELOW
Defense & Aerospace	+0.9%	-0.4%	N/A	ABOVE
Telecom	+1.0%	+0.5%	N/A	ABOVE
Media & Entertainment	+1.5%	-0.7%	N/A	BELOW
Biotech	+3.0%	-2.2%	N/A	BELOW
Materials	+1.0%	-1.2%	N/A	ABOVE
Analog & Embedded Chips	+6.2%	+2.8%	N/A	BELOW

Sector Strength

Chip Supply Chain +7.4% 20d: N/A

ARM Holdings (ARM) +10.6% [<50MA], Marvell (MRVL) +8.9% [<50MA], Intel (INTC) +7.9% [<50MA]

Airlines +6.2% 20d: N/A

United (UAL) +6.2% [<50MA], Delta (DAL) +6.1% [<50MA]

Analog & Embedded Chips +6.2% 20d: N/A

Microchip Technology (MCHP) +7.3% [<50MA], Texas Instruments (TXN) +5.0% [<50MA]

Chip Equipment +6.1% 20d: N/A

Lam Research (LRCX) +6.8% [<50MA], Applied Materials (AMAT) +6.7% [<50MA], ASML +4.8% [<50MA]

Enterprise Software +5.2% 20d: N/A

Palantir (PLTR) +11.2%, Salesforce (CRM) +3.8% [<50MA], Adobe (ADBE) +3.2% [<50MA]

Sector Warnings

Utilities -0.6% 20d: N/A

Duke Energy (DUK) -1.0%, Southern Co (SO) -1.0%, NextEra Energy (NEE) -0.0%

Sector Deep Dive

Chip Supply Chain showed the day’s most forceful rotation, up 7.4% as investors priced renewed capex appetite; ARM Holdings (ARM) jumped 10.6% to $118.43 and Marvell (MRVL) climbed 8.9% to $60.83. Intel (INTC) added 7.9% to $20.49, reflecting a tactical rebound in foundry/supplier exposure. The sector sits BELOW its 50-day trend as measured in our sector analysis, but the 1-day spike and multiple double-digit movers point to episodic leadership within a longer consolidation.

Enterprise Software outperformed at +5.2% on strength in names positioned to monetize AI deployments, with Palantir (PLTR) leading the group at $29.28, up 11.2%. Cybersecurity and software peers also moved higher, contributing to a strong 1-day print versus a weaker multi-week backdrop. Sector-wide the 50-day context remains BELOW the moving average, yet the cadence of positive short-term returns signals renewed buying into scaled software franchises.

Healthcare posted a resilient 4.8% advance driven by blockbuster strength, most notably Eli Lilly (LLY) which rose 9.5% to $833.67, underscoring defensive rotation and idiosyncratic drug-related catalysts. The sector is ABOVE its 50-day trend in our S&P 500 sector analysis, providing a relative safe-haven profile while cyclicals digest gains. The 50-day alignment suggests healthcare can continue to act as a ballast amid volatile growth leadership.

Utilities was the lone laggard, down 0.6% as rate-sensitive names pulled back after the risk-on move; NextEra Energy (NEE) traded at $73.17 and Southern Co (SO) at $80.98, both showing muted intraday moves near flat to -1.0%. Utilities remain ABOVE their 50-day trend, indicating longer-term stability despite short-term underperformance in the current risk-on environment. Given the sector’s positioning, utility exposure remains appropriate for income-oriented allocations while cyclical rotation unfolds.

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

Active Alerts

MEDIUM NVDA down -18.3% from 20-day high

MEDIUM TSLA down -22.5% from 20-day high

Stock-Level Detail

Mag 7 (AI Spenders) Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
NVDA	$104.80	+6.1%	-2.1%	N/A	N/A	BELOW
META	$506.23	+4.2%	+4.4%	N/A	N/A	ABOVE
TSLA	$198.84	+3.7%	-4.3%	N/A	N/A	BELOW
GOOG	$162.59	+1.9%	-2.7%	N/A	N/A	BELOW
AMZN	$165.80	+1.9%	-1.3%	N/A	N/A	BELOW
AAPL	$211.48	+1.7%	-3.0%	N/A	N/A	BELOW
MSFT	$396.46	+1.1%	-1.4%	N/A	N/A	BELOW

Chip Supply Chain Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
ARM	$118.43	+10.6%	+4.4%	N/A	N/A	BELOW
MRVL	$60.83	+8.9%	+3.2%	N/A	N/A	BELOW
INTC	$20.49	+7.9%	-4.0%	N/A	N/A	BELOW
AVGO	$143.05	+6.9%	+1.3%	N/A	N/A	BELOW
TSM	$160.42	+6.1%	+9.8%	N/A	N/A	ABOVE
AMD	$136.32	+5.9%	+2.9%	N/A	N/A	BELOW
QCOM	$158.07	+5.7%	+3.5%	N/A	N/A	BELOW

Infrastructure Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
VRT	$70.89	+5.7%	+2.3%	N/A	N/A	BELOW
DELL	$88.84	+4.1%	-10.6%	N/A	N/A	BELOW
HPE	$16.48	+3.5%	-4.0%	N/A	N/A	BELOW
SMCI	$50.99	+3.5%	-18.4%	N/A	N/A	BELOW
CSCO	$43.70	+1.6%	-1.8%	N/A	N/A	BELOW

Enterprise Software Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
PLTR	$29.28	+11.2%	+18.4%	N/A	N/A	ABOVE
CRM	$245.58	+3.8%	+2.1%	N/A	N/A	BELOW
ADBE	$530.24	+3.2%	+0.8%	N/A	N/A	BELOW
NOW	$159.23	+2.6%	+0.7%	N/A	N/A	ABOVE

Finance Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GS	$466.40	+2.7%	+3.2%	N/A	N/A	BELOW	0
JPM	$195.83	+1.8%	+2.5%	N/A	N/A	BELOW	0

Healthcare Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LLY	$833.67	+9.5%	+5.1%	N/A	N/A	ABOVE	0
UNH	$541.25	+0.0%	-4.0%	N/A	N/A	ABOVE	0

Retail Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
COST	$831.62	+3.6%	+2.1%	N/A	N/A	ABOVE	0
WMT	$66.42	+1.1%	-1.2%	N/A	N/A	BELOW	0

IT Services Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
IBM	$182.29	+3.1%	+1.8%	N/A	N/A	ABOVE	0
ACN	$303.91	-0.7%	-2.2%	N/A	N/A	BELOW	2

Airlines Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UAL	$41.18	+6.2%	+2.5%	N/A	N/A	BELOW	0
DAL	$38.72	+6.1%	-0.6%	N/A	N/A	BELOW	0

Hospitality & Travel Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
BKNG	$133.62	+2.7%	+2.0%	N/A	N/A	BELOW	0
MAR	$211.80	+0.5%	+1.0%	N/A	N/A	BELOW	0

Food & Restaurant Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MCD	$258.69	+0.7%	-2.0%	N/A	N/A	ABOVE	0
SBUX	$72.01	+0.6%	-0.2%	N/A	N/A	ABOVE	0

Logistics Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UPS	$111.72	+2.3%	-1.4%	N/A	N/A	BELOW	0
FDX	$215.49	+0.2%	-4.7%	N/A	N/A	BELOW	0

Industrial Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CAT	$328.58	+3.2%	+4.8%	N/A	N/A	BELOW	0
HON	$189.32	+1.0%	-1.9%	N/A	N/A	BELOW	0

Cybersecurity Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
PANW	$158.68	+4.3%	+3.9%	N/A	N/A	BELOW
CRWD	$60.13	+4.3%	+10.4%	N/A	N/A	BELOW
ZS	$171.71	+3.3%	+1.3%	N/A	N/A	BELOW

Chip Equipment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
LRCX	$78.56	+6.8%	+4.7%	N/A	N/A	BELOW
AMAT	$187.39	+6.7%	+4.8%	N/A	N/A	BELOW
ASML	$863.31	+4.8%	+8.3%	N/A	N/A	BELOW

Data Center REITs Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
EQIX	$775.47	+3.7%	+0.4%	N/A	N/A	ABOVE	0
DLR	$141.23	+1.7%	-0.8%	N/A	N/A	BELOW	0

Utilities Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
NEE	$73.17	-0.0%	-2.1%	N/A	N/A	ABOVE	1
SO	$80.98	-1.0%	-2.4%	N/A	N/A	ABOVE	1
DUK	$104.68	-1.0%	-1.3%	N/A	N/A	ABOVE	1

Energy Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
XOM	$110.40	+1.9%	+0.9%	N/A	N/A	ABOVE	0
CVX	$132.66	+1.5%	-2.7%	N/A	N/A	BELOW	0

Defense & Aerospace Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
GD	$279.89	+1.3%	-0.5%	N/A	N/A	ABOVE
RTX	$110.96	+0.8%	-1.2%	N/A	N/A	ABOVE
LMT	$523.33	+0.6%	+0.5%	N/A	N/A	ABOVE

Telecom Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
TMUS	$187.41	+1.6%	+2.6%	N/A	N/A	ABOVE
T	$17.70	+0.8%	+0.2%	N/A	N/A	ABOVE
VZ	$35.54	+0.6%	-1.1%	N/A	N/A	ABOVE

Media & Entertainment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
NFLX	$63.03	+3.1%	+2.7%	N/A	N/A	BELOW	0
DIS	$84.00	+0.0%	-4.0%	N/A	N/A	BELOW	0

Biotech Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
AMGN	$305.36	+3.9%	-2.8%	N/A	N/A	BELOW	0
GILD	$71.37	+2.1%	-1.5%	N/A	N/A	ABOVE	0

Materials Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LIN	$436.12	+1.3%	-1.4%	N/A	N/A	ABOVE	0
APD	$265.37	+0.6%	-0.9%	N/A	N/A	ABOVE	0

Analog & Embedded Chips Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MCHP	$73.19	+7.3%	+2.5%	N/A	N/A	BELOW	0
TXN	$183.86	+5.0%	+3.1%	N/A	N/A	BELOW	0

Key Stock Movers

Today's biggest movers by absolute percentage change: Palantir (PLTR) (Enterprise Software) rose 11.2% to $29.28. ARM Holdings (ARM) (Chip Supply Chain) rose 10.6% to $118.43. Eli Lilly (LLY) (Healthcare) rose 9.5% to $833.67. Marvell (MRVL) (Chip Supply Chain) rose 8.9% to $60.83. Intel (INTC) (Chip Supply Chain) rose 7.9% to $20.49. These individual stock movements were key drivers of their respective sector performance.

Risk and Opportunity Assessment

There are 2 medium-severity risk signals to monitor. While not requiring immediate action, keep an eye on the flagged sectors for further deterioration.

US Stock Market Outlook

Breadth was constructive with 23 of 24 sectors higher, yet only 6 sectors sit above their 50MA and 18 are below, signaling leadership concentrated in a handful of groups. Active alerts flag NVIDIA down -18.3% from its 20-day high and Tesla down -22.5%, reminders of recent chop inside the Mag 7 despite today’s pop. Positioning guidance: favor selective exposure to chip supply chain and enterprise software leaders while keeping defensive ballast in healthcare and trimming names that remain far below their 50-day trends until trends reassert.

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