US Stock Market Sector Analysis – Monday, August 26, 2024 MIXED

The US stock market traded mixed as weakness in chip equipment and the chip supply chain set the tone after sharp moves in key suppliers. ARM Holdings (ARM) plunged 5.0% and Super Micro (SMCI) slid 8.3%, dragging Chip Equipment and Chip Supply Chain names lower and contributing to the Mag 7 (AI Spenders) group losing 1.1% for the day. Energy and consumer names outperformed with Exxon Mobil (XOM) up 2.1% and Costco (COST) rising 1.5%, while defensive Utility heavyweight NextEra Energy (NEE) added 1.2%. The S&P 500 showed mixed internals with 10 sectors up, 10 down and 4 flat, and the Magnificent 7 group finished below the cohort average today.

Market Condition Dashboard

US 10-Year Treasury Yield

Neutral

3.82%

falling

Impact

Confidence

Crude Oil (WTI)

Neutral

$77.42

+3.5% 1D

Impact

Confidence

VIX (Fear Index)

Normal Range

16.1

+1.8% 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

AI-related positioning remains intact but volatile as NVIDIA (NVDA) cooled 2.2% at $126.25 after recent torrid gains, while Microsoft (MSFT) slipped 0.8% to $407.83, reflecting profit-taking and rotation into cyclicals. Chip Supply Chain weakness—highlighted by Broadcom (AVGO) at $156.67, down 4.1%—underscores near-term sensitivity of AI capex to equipment order flow, even as enterprise software and cloud infrastructure names like Amazon (AMZN) at $175.50, down 0.9%, continue to be central to longer-term adoption. Investors should separate durable infrastructure winners from short-cycle equipment names when framing allocation to the AI/technology theme.

US Stock Sector Overview

Sector	1D	5D	20D	vs 50MA
Mag 7 (AI Spenders)	-1.1%	-1.4%	+3.8%	BELOW
Chip Supply Chain	-3.1%	-2.4%	+0.6%	ABOVE
Infrastructure	-1.9%	-0.4%	+0.1%	ABOVE
Enterprise Software	-0.6%	-1.2%	+6.8%	ABOVE
Finance	+0.0%	+2.1%	+1.1%	ABOVE
Healthcare	+0.1%	+0.6%	+11.2%	ABOVE
Retail	+1.0%	+1.9%	+10.2%	ABOVE
IT Services	+1.0%	+1.5%	+3.4%	ABOVE
Airlines	-1.1%	+2.3%	-6.7%	BELOW
Hospitality & Travel	-0.6%	+1.6%	-1.8%	BELOW
Food & Restaurant	+0.7%	+1.9%	+17.5%	ABOVE
Logistics	+0.5%	+1.7%	+0.1%	BELOW
Industrial	+0.7%	+2.1%	+2.0%	BELOW
Cybersecurity	-1.3%	-1.9%	+11.7%	ABOVE
Chip Equipment	-3.1%	-4.8%	-0.5%	BELOW
Data Center REITs	-1.1%	+0.1%	+5.4%	BELOW
Utilities	+0.7%	+0.8%	+5.6%	ABOVE
Energy	+1.4%	+3.2%	-2.3%	BELOW
Defense & Aerospace	+0.2%	-0.3%	+1.7%	ABOVE
Telecom	+0.6%	+1.7%	+7.3%	ABOVE
Media & Entertainment	+0.8%	+0.4%	+4.2%	ABOVE
Biotech	-0.2%	+1.2%	-1.3%	BELOW
Materials	+0.8%	+2.1%	+4.7%	ABOVE
Analog & Embedded Chips	-1.3%	+1.7%	-1.2%	BELOW

Sector Strength

Energy +1.4% 20d: -2.3%

Exxon Mobil (XOM) +2.1% (20d: +1.4%), Chevron (CVX) +0.6% (20d: -5.9%) [<50MA]

IT Services +1.0% 20d: +3.4%

Accenture (ACN) +1.1% (20d: +2.3%), IBM +1.0% (20d: +4.5%)

Retail +1.0% 20d: +10.2%

Costco (COST) +1.5% (20d: +10.2%), Walmart (WMT) +0.4% (20d: +10.2%)

Materials +0.8% 20d: +4.7%

Air Products (APD) +1.1% (20d: +5.5%), Linde (LIN) +0.6% (20d: +3.9%)

Media & Entertainment +0.8% 20d: +4.2%

Disney (DIS) +1.3% (20d: -2.1%), Netflix (NFLX) +0.2% (20d: +10.6%)

Sector Warnings

Chip Supply Chain -3.1% 20d: +0.6%

ARM Holdings (ARM) -5.0% (20d: -3.1%) [<50MA], Marvell (MRVL) -4.2% (20d: +9.6%), Broadcom (AVGO) -4.1% (20d: +11.2%)

Chip Equipment -3.1% 20d: -0.5%

Lam Research (LRCX) -3.4% (20d: -4.2%) [<50MA], Applied Materials (AMAT) -3.2% (20d: -0.1%) [<50MA], ASML -2.6% (20d: +2.7%) [<50MA]

Infrastructure -1.9% 20d: +0.1%

Super Micro (SMCI) -8.3% (20d: -15.6%) [<50MA], Vertiv (VRT) -0.6% (20d: +6.9%), Dell (DELL) -0.3% (20d: +2.8%)

Cybersecurity -1.3% 20d: +11.7%

CrowdStrike (CRWD) -2.1% (20d: +13.8%) [<50MA], Palo Alto Networks (PANW) -1.0% (20d: +9.3%), Zscaler (ZS) -0.8% (20d: +11.9%)

Analog & Embedded Chips -1.3% 20d: -1.2%

Microchip Technology (MCHP) -1.8% (20d: -6.7%) [<50MA], Texas Instruments (TXN) -0.8% (20d: +4.3%)

Sector Deep Dive

Chip Supply Chain felt the brunt of today’s risk-off move with Broadcom (AVGO) sliding to $156.67, down 4.1%, Marvell (MRVL) falling 4.2% to $68.45 and ARM Holdings (ARM) tumbling 5.0% to $128.90. Over the 50-day window the sector is ABOVE its 50MA, but the 1-day drop of -3.1% highlights how quickly sentiment can reverse on order-timing and customer commentary; watch the 50-day trend for confirmation of capitulation or recovery.

Chip Equipment underperformed sharply as Lam Research (LRCX) dropped 3.4% to $80.50, dragging the sector -3.1% on the day and leaving the group BELOW its 50-day trend. The 50-day context matters here: persistent below-50MA action would signal that equipment demand expectations are cooling, whereas a rebound above the 50-day would validate continued AI-driven capital expenditure.

Mag 7 (AI Spenders) showed dispersion with NVIDIA (NVDA) at $126.25 down 2.2% but still up 21.9% over 20 days, while Tesla (TSLA) fell 3.2% to $213.21 and sits BELOW its 50-day trend. Apple (AAPL) at $225.49 eked out a 0.1% gain and remains ABOVE its 50-day trend, exemplifying how the Magnificent 7 mix of hardware, software and services is driving sector outcomes — watch 50-day breadth within the group for leadership shifts.

Energy and Consumer staples provided defensive ballast: Exxon Mobil (XOM) rallied 2.1% to $112.16 and is contributing to Energy’s +1.4% sector return, while Costco (COST) advanced 1.5% to $884.21 as Retail sits comfortably ABOVE its 50-day average. These 50-day uptrends in retail and parts of energy argue for selective exposure to quality cyclicals as tech names digest gains.

Infrastructure and Data Center names diverged with Super Micro (SMCI) plunging to $56.25, down 8.3%, pressuring Infrastructure which was the weakest sector at -1.9% on the day despite the Chip Supply Chain remaining ABOVE its 50-day trend. Data Center REITs were down 1.1% and sit BELOW the 50-day, highlighting the split between software/cloud investment (still healthy) and hardware/hosting capex (under pressure).

Market Breadth Analysis

US stock market breadth analysis shows 14 of 24 sectors trading above their 50-day moving average, while 10 are below. The majority of sectors holding above the 50-day MA indicates healthy medium-term momentum. With 18 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	$166.65	+0.3%	-0.6%	-2.3%	N/A	BELOW	0
AAPL	$225.49	+0.1%	+0.3%	+4.0%	N/A	ABOVE	0
MSFT	$407.83	-0.8%	-2.7%	-2.1%	N/A	BELOW	1
AMZN	$175.50	-0.9%	-1.9%	-3.4%	N/A	BELOW	1
META	$517.65	-1.3%	-1.1%	+12.5%	N/A	ABOVE	3
NVDA	$126.25	-2.2%	-0.6%	+21.9%	N/A	ABOVE	1
TSLA	$213.21	-3.2%	-3.6%	-4.2%	N/A	BELOW	1

Chip Supply Chain Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
TSM	$164.83	-1.3%	-1.7%	+9.4%	N/A	ABOVE	1
INTC	$20.13	-2.0%	-4.1%	-32.8%	N/A	BELOW	1
QCOM	$162.42	-2.3%	-1.5%	+1.5%	N/A	BELOW	1
AMD	$149.99	-3.2%	-4.1%	+8.3%	N/A	ABOVE	1
AVGO	$156.67	-4.1%	-3.8%	+11.2%	N/A	ABOVE	1
MRVL	$68.45	-4.2%	-0.9%	+9.6%	N/A	ABOVE	1
ARM	$128.90	-5.0%	-0.8%	-3.1%	N/A	BELOW	1

Infrastructure Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CSCO	$48.43	+0.1%	+1.1%	+5.5%	N/A	ABOVE	0
HPE	$18.26	-0.2%	+2.2%	+0.9%	N/A	ABOVE	1
DELL	$108.48	-0.3%	+0.9%	+2.8%	N/A	ABOVE	1
VRT	$77.87	-0.6%	+2.0%	+6.9%	N/A	ABOVE	1
SMCI	$56.25	-8.3%	-7.9%	-15.6%	N/A	BELOW	1

Enterprise Software Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CRM	$261.52	+0.5%	+1.3%	+2.8%	N/A	ABOVE	0
ADBE	$559.44	+0.2%	-0.5%	+3.8%	N/A	ABOVE	0
NOW	$165.57	-0.0%	-1.2%	+3.6%	N/A	ABOVE	1
PLTR	$30.85	-2.9%	-4.5%	+17.0%	N/A	ABOVE	3

Finance Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
JPM	$210.33	+0.4%	+2.2%	+1.8%	N/A	ABOVE	0
GS	$487.62	-0.3%	+2.1%	+0.4%	N/A	ABOVE	1

Healthcare Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UNH	$561.22	+0.4%	+1.1%	+1.9%	N/A	ABOVE	0
LLY	$938.75	-0.2%	+0.1%	+20.5%	N/A	ABOVE	2

Retail Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
COST	$884.21	+1.5%	+1.9%	+10.2%	N/A	ABOVE	0
WMT	$74.85	+0.4%	+2.0%	+10.2%	N/A	ABOVE	0

IT Services Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ACN	$324.02	+1.1%	+1.9%	+2.3%	N/A	ABOVE	0
IBM	$189.01	+1.0%	+1.0%	+4.5%	N/A	ABOVE	0

Airlines Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DAL	$40.06	-1.0%	+2.1%	-5.2%	N/A	BELOW	1
UAL	$42.78	-1.2%	+2.4%	-8.2%	N/A	BELOW	1

Hospitality & Travel Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MAR	$221.13	-0.3%	+0.7%	-5.6%	N/A	BELOW	1
BKNG	$149.48	-0.9%	+2.6%	+2.1%	N/A	ABOVE	1

Food & Restaurant Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
SBUX	$91.45	+1.7%	+2.8%	+26.7%	N/A	ABOVE	0
MCD	$275.37	-0.3%	+1.1%	+8.3%	N/A	ABOVE	1

Logistics Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UPS	$115.88	+1.0%	+0.3%	+1.5%	N/A	BELOW	0
FDX	$229.90	+0.0%	+3.1%	-1.2%	N/A	ABOVE	0

Industrial Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CAT	$343.24	+0.8%	+2.3%	+2.8%	N/A	ABOVE	0
HON	$194.19	+0.7%	+1.9%	+1.1%	N/A	BELOW	0

Cybersecurity Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ZS	$197.82	-0.8%	+0.3%	+11.9%	N/A	ABOVE	1
PANW	$173.56	-1.0%	-5.7%	+9.3%	N/A	ABOVE	1
CRWD	$66.47	-2.1%	-0.2%	+13.8%	N/A	BELOW	1

Chip Equipment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ASML	$869.87	-2.6%	-4.6%	+2.7%	N/A	BELOW	3
AMAT	$193.35	-3.2%	-4.6%	-0.1%	N/A	BELOW	1
LRCX	$80.50	-3.4%	-5.1%	-4.2%	N/A	BELOW	1

Data Center REITs Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DLR	$142.11	-1.0%	+1.0%	+3.8%	N/A	BELOW	1
EQIX	$788.54	-1.1%	-0.8%	+7.1%	N/A	ABOVE	1

Utilities Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
NEE	$76.10	+1.2%	+2.1%	+8.6%	N/A	ABOVE
DUK	$106.21	+0.6%	+0.6%	+3.8%	N/A	ABOVE
SO	$81.68	+0.4%	-0.4%	+4.6%	N/A	ABOVE

Energy Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
XOM	$112.16	+2.1%	+3.7%	+1.4%	N/A	ABOVE	0
CVX	$137.86	+0.6%	+2.6%	-5.9%	N/A	BELOW	0

Defense & Aerospace Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LMT	$529.48	+0.6%	+0.2%	+3.8%	N/A	ABOVE	0
RTX	$115.05	+0.2%	+0.6%	+2.1%	N/A	ABOVE	0
GD	$280.08	-0.2%	-1.6%	-0.7%	N/A	BELOW	4

Telecom Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
TMUS	$194.01	+0.9%	+2.1%	+14.3%	N/A	ABOVE
VZ	$36.39	+0.7%	+1.6%	+3.6%	N/A	ABOVE
T	$18.02	+0.2%	+1.4%	+4.1%	N/A	ABOVE

Media & Entertainment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DIS	$89.69	+1.3%	+2.3%	-2.1%	N/A	ABOVE	0
NFLX	$68.84	+0.2%	-1.4%	+10.6%	N/A	ABOVE	0

Biotech Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GILD	$72.66	+0.3%	+3.0%	-1.4%	N/A	ABOVE	0
AMGN	$309.47	-0.6%	-0.5%	-1.3%	N/A	BELOW	1

Materials Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
APD	$264.94	+1.1%	+2.0%	+5.5%	N/A	ABOVE	0
LIN	$456.51	+0.6%	+2.3%	+3.9%	N/A	ABOVE	0

Analog & Embedded Chips Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
TXN	$198.08	-0.8%	+2.8%	+4.3%	N/A	ABOVE	1
MCHP	$76.47	-1.8%	+0.6%	-6.7%	N/A	BELOW	1

Key Stock Movers

Today's biggest movers by absolute percentage change: Super Micro (SMCI) (Infrastructure) fell 8.3% to $56.25. ARM Holdings (ARM) (Chip Supply Chain) fell 5.0% to $128.90. Marvell (MRVL) (Chip Supply Chain) fell 4.2% to $68.45. Broadcom (AVGO) (Chip Supply Chain) fell 4.1% to $156.67. Lam Research (LRCX) (Chip Equipment) fell 3.4% to $80.50. 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

Market breadth is mixed with 14 sectors above their 50MA and 10 below, and intraday alerts showing 10 sectors up, 10 down and 4 flat — a signal of sector rotation rather than broad risk-off. Short-term positioning should respect the 50-day trends: favor sectors and names that remain ABOVE their 50-day averages (Retail, Utilities, Select AI Spenders) while trimming exposure to groups trading BELOW their 50-day (Chip Equipment, Infrastructure). Monitor alert counts and sector breadth for a decisive move; a pickup in sectors reclaiming the 50-day would justify more aggressive risk-on positioning.

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