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US Stock Market Sector Analysis – Thursday, November 07, 2024 BULLISH

A re-acceleration in AI and chip-related names set the tone for the US stock market today as the S&P 500 rallied on strength in Chip Supply Chain and Infrastructure stocks while pockets of finance and utilities lagged. Super Micro (SMCI) jumped 12.2% to $25.48 after being a top-volume mover, helping the Chip Supply Chain group gain 3.2% on the day. The Magnificent 7 (AI Spenders) collectively rose 2.2%, led by Meta (META) and Tesla (TSLA), while financials saw outsized weakness with JPMorgan (JPM) falling 4.3% to $228.24 and Goldman Sachs (GS) down 2.3% to $562.26. Overall breadth was constructive with 15 sectors up, 8 down and 1 flat, supporting a risk-on tone across sector analysis today.

Market Condition Dashboard

US 10-Year Treasury Yield
Wait & Watch
4.31%
rising
Impact
Confidence
Crude Oil (WTI)
Neutral
$72.36
+0.9% 1D
Impact
Confidence
VIX (Fear Index)
Normal Range
15.2
-6.6% 1D
Impact
Confidence
Tracked Stocks Breadth (50DMA)
Late-Cycle Caution
76%
52 of 68 above 50DMA · +17.6pp 5D
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 remains the primary structural driver as the Mag 7 outperformed again, with NVIDIA (NVDA) at $148.65 up 2.2% and Microsoft (MSFT) at $419.60 up 1.2% reinforcing demand for data center compute. Momentum extended into the chip supply chain where Intel (INTC) rose to $26.23 (+4.7%) and ARM Holdings (ARM) climbed to $150.65 (+4.1%), highlighting incremental strength in semiconductor capacity and design licensing. Infrastructure names such as Super Micro (SMCI) $25.48 (+12.2%) signaled tangible spending on AI deployments, while Enterprise Software (sector +0.8%) continues to look attractive for cyclical enterprise AI upgrades.

US Stock Sector Overview

Sector 1D 5D 20D vs 50MA
Mag 7 (AI Spenders) +2.2% +7.3% +10.2% ABOVE
Chip Supply Chain +3.2% +7.7% +5.1% ABOVE
Infrastructure +2.8% +5.8% -3.7% ABOVE
Enterprise Software +0.8% +12.5% +11.4% ABOVE
Finance -3.3% +9.1% +9.5% ABOVE
Healthcare +2.1% +2.0% -6.6% BELOW
Retail +1.1% +3.1% +3.8% ABOVE
IT Services +0.7% +3.5% -4.2% BELOW
Airlines -2.7% +4.8% +28.0% ABOVE
Hospitality & Travel -0.5% +5.1% +10.3% ABOVE
Food & Restaurant +0.1% -1.5% -1.4% BELOW
Logistics +0.6% +1.7% +3.4% ABOVE
Industrial -0.8% +5.8% +1.3% ABOVE
Cybersecurity +1.9% +7.9% +2.1% ABOVE
Chip Equipment +3.0% +4.0% -9.7% ABOVE
Data Center REITs +2.3% +1.8% +7.6% ABOVE
Utilities -0.9% -2.3% -4.6% BELOW
Energy -0.2% +3.9% +0.8% ABOVE
Defense & Aerospace -0.7% +2.3% -3.2% BELOW
Telecom -1.0% +0.5% +2.0% ABOVE
Media & Entertainment +1.1% +4.3% +7.7% ABOVE
Biotech +3.4% +5.1% +6.6% BELOW
Materials +1.3% +1.5% -1.5% BELOW
Analog & Embedded Chips +1.0% +2.8% +1.0% BELOW

Sector Strength

Biotech +3.4% 20d: +6.6%
Gilead (GILD) +6.8% (20d: +15.2%), Amgen (AMGN) +0.0% (20d: -2.0%) [<50MA]
Chip Supply Chain +3.2% 20d: +5.1%
Intel (INTC) +4.7% (20d: +11.3%), ARM Holdings (ARM) +4.1% (20d: -0.5%), TSMC (TSM) +4.1% (20d: +5.4%)
Chip Equipment +3.0% 20d: -9.7%
Applied Materials (AMAT) +3.5% (20d: -5.3%), Lam Research (LRCX) +3.2% (20d: -4.4%), ASML +2.4% (20d: -19.3%) [<50MA]
Infrastructure +2.8% 20d: -3.7%
Super Micro (SMCI) +12.2% (20d: -46.7%) [<50MA], Vertiv (VRT) +1.4% (20d: +9.2%), Hewlett Packard Enterprise (HPE) +0.5% (20d: +3.7%)
Data Center REITs +2.3% 20d: +7.6%
Digital Realty (DLR) +2.8% (20d: +11.0%), Equinix (EQIX) +1.9% (20d: +4.2%)

Sector Warnings

Finance -3.3% 20d: +9.5%
JPMorgan (JPM) -4.3% (20d: +6.3%), Goldman Sachs (GS) -2.3% (20d: +12.8%)
Airlines -2.7% 20d: +28.0%
Delta (DAL) -3.0% (20d: +17.7%), United (UAL) -2.5% (20d: +38.2%)
Telecom -1.0% 20d: +2.0%
Verizon (VZ) -1.4% (20d: -5.7%) [<50MA], AT&T (T) -1.3% (20d: +3.1%), T-Mobile (TMUS) -0.3% (20d: +8.7%)
Utilities -0.9% 20d: -4.6%
Duke Energy (DUK) -2.2% (20d: -2.7%) [<50MA], Southern Co (SO) -0.6% (20d: -2.3%) [<50MA], NextEra Energy (NEE) +0.1% (20d: -8.8%) [<50MA]
Industrial -0.8% 20d: +1.3%
Caterpillar (CAT) -2.1% (20d: +1.9%), Honeywell (HON) +0.5% (20d: +0.7%)

Sector Deep Dive

Chip Supply Chain delivered a clear leadership message today, up 3.2% with multiple names advancing as the 50-day trend for the sector sits comfortably ABOVE the 50MA at +17.4% over that window. Intel (INTC) traded at $26.23 and gained 4.7% on the session, reflecting improving sentiment around capacity and roadmap execution with the sector's 50-day backdrop firmly positive. ARM Holdings (ARM) moved to $150.65 (+4.1%), reinforcing design-lead optimism, and TSMC (TSM) rallied to $196.87 (+4.1%), all underpinned by a 50-day sector trend that is powering chip-capex-related positioning.

Airlines slowed after a recent run, with the Airlines sector down 2.7% today despite a strong 50-day trend of +73.1% that remains well ABOVE its 50MA. United (UAL) fell to $85.43 (-2.5%) and Delta (DAL) dropped to $59.25 (-3.0%), each reacting to capacity and demand flow commentary that often shows up in intraday book-balance moves. The disconnect between near-term softness and an outsized 50-day advance suggests traders are taking profits into defensive reallocations or reacting to macro commentary around travel-seasonal dynamics.

Biotech posted one of the stronger sector performances, with the Biotech group up 3.4% but still BELOW its 50MA on a sector basis; the 50-day context shows the group remains pressured versus broader market leadership. Gilead (GILD) climbed 6.8% to $93.30, becoming the day's top biotech mover as idiosyncratic news and rotation into defensive growth lifted select names. The sector’s short-term strength (+3.4% 1d) against a weaker 50-day placement signals opportunistic buying in clinical- or data-driven setups rather than broad-based structural recovery.

Market Breadth Analysis

US stock market breadth analysis shows 16 of 24 sectors trading above their 50-day moving average, while 8 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
META $588.32 +3.4% +4.3% +0.3% +14.3% ABOVE 0
TSLA $296.91 +2.9% +19.3% +36.3% +43.9% ABOVE 0
NVDA $148.65 +2.2% +10.0% +10.4% +26.6% ABOVE 0
GOOG $181.13 +2.2% +5.6% +10.8% +11.7% ABOVE 0
AAPL $225.79 +2.1% +2.1% -0.0% -1.0% ABOVE 0
AMZN $210.05 +1.4% +6.1% +11.2% +22.0% ABOVE 0
MSFT $419.60 +1.2% +3.7% +2.2% +3.0% ABOVE 0
Chip Supply Chain Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
INTC $26.23 +4.7% +13.1% +11.3% +30.3% ABOVE 0
ARM $150.65 +4.1% +6.5% -0.5% +14.2% ABOVE 0
TSM $196.87 +4.1% +4.3% +5.4% +19.4% ABOVE 0
MRVL $93.51 +3.7% +10.8% +26.9% +34.6% ABOVE 0
AMD $149.82 +3.3% +5.6% -10.8% +3.0% BELOW 0
AVGO $181.01 +2.4% +8.8% +1.3% +17.5% ABOVE 0
QCOM $166.56 -0.0% +4.6% +1.7% +2.5% ABOVE 1
Infrastructure Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
SMCI $25.48 +12.2% -2.2% -46.7% -43.2% BELOW 0
VRT $121.91 +1.4% +14.3% +9.2% +52.9% ABOVE 0
HPE $20.55 +0.5% +6.9% +3.7% +15.6% ABOVE 0
CSCO $55.81 +0.4% +4.6% +7.1% +16.1% ABOVE 0
DELL $134.40 -0.3% +5.3% +8.3% +24.9% ABOVE 1
Enterprise Software Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
NOW $203.06 +2.1% +7.6% +8.2% +22.1% ABOVE 0
CRM $306.85 +1.3% +5.4% +7.9% +21.1% ABOVE 0
PLTR $55.88 +0.6% +33.3% +28.4% +80.3% ABOVE 0
ADBE $500.92 -0.8% +3.8% +1.1% -12.1% BELOW 1
Finance Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
GS $562.26 -2.3% +12.1% +12.8% +14.8% ABOVE 1
JPM $228.24 -4.3% +6.0% +6.3% +7.0% ABOVE 1
Healthcare Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
LLY $787.56 +2.7% -2.6% -14.4% -15.2% BELOW 0
UNH $580.78 +1.5% +6.7% +1.2% +2.7% ABOVE 0
Retail Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
COST $906.63 +1.6% +4.2% +2.9% +3.2% ABOVE 0
WMT $82.54 +0.5% +2.0% +4.7% +9.7% ABOVE 0
IT Services Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
ACN $348.45 +1.3% +4.4% -0.0% +6.5% ABOVE 0
IBM $204.01 +0.0% +2.6% -8.4% +7.4% BELOW 0
Airlines Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
UAL $85.43 -2.5% +6.2% +38.2% +100.4% ABOVE 1
DAL $59.25 -3.0% +3.5% +17.7% +45.8% ABOVE 1
Hospitality & Travel Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
MAR $273.31 +0.5% +6.6% +5.7% +20.0% ABOVE 0
BKNG $194.13 -1.6% +3.6% +14.8% +26.8% ABOVE 1
Food & Restaurant Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
MCD $282.71 +0.2% -0.2% -3.4% +3.0% BELOW 0
SBUX $91.92 +0.0% -2.8% +0.6% +1.3% ABOVE 0
Logistics Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
FDX $220.12 +1.1% +3.2% +7.1% -3.9% ABOVE 0
UPS $120.26 +0.2% +0.1% -0.3% +5.6% ABOVE 0
Industrial Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
HON $207.20 +0.5% +4.0% +0.7% +4.8% ABOVE 0
CAT $400.44 -2.1% +7.5% +1.9% +16.5% ABOVE 1
Cybersecurity Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
CRWD $82.69 +3.4% +9.1% +3.3% +21.8% ABOVE 0
ZS $196.71 +1.9% +7.7% -0.8% -0.3% ABOVE 0
PANW $193.50 +0.5% +6.7% +3.7% +8.0% ABOVE 0
Chip Equipment Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
AMAT $191.24 +3.5% +5.8% -5.3% +0.6% ABOVE 0
LRCX $78.10 +3.2% +5.9% -4.4% -0.4% ABOVE 0
ASML $668.46 +2.4% +0.4% -19.3% -23.5% BELOW 0
Data Center REITs Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
DLR $169.71 +2.8% +1.4% +11.0% +20.3% ABOVE 0
EQIX $874.09 +1.9% +2.2% +4.2% +10.9% ABOVE 0
Utilities Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
NEE $70.88 +0.1% -3.5% -8.8% -6.2% BELOW 0
SO $82.10 -0.6% -1.8% -2.3% +1.3% BELOW 2
DUK $104.39 -2.2% -1.4% -2.7% -1.7% BELOW 2
Energy Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
XOM $114.36 +0.1% +5.4% -2.0% +2.6% ABOVE 0
CVX $145.54 -0.6% +2.4% +3.5% +6.3% ABOVE 1
Defense & Aerospace Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
LMT $526.46 +0.0% +1.2% -8.7% -2.1% BELOW 0
GD $295.94 -0.8% +4.4% +2.2% +3.2% ABOVE 1
RTX $116.38 -1.2% +1.1% -3.1% -1.8% BELOW 1
Telecom Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
TMUS $224.81 -0.3% +3.7% +8.7% +16.1% ABOVE 1
T $20.36 -1.3% -0.4% +3.1% +13.0% ABOVE 1
VZ $36.14 -1.4% -1.9% -5.7% -0.1% BELOW 2
Media & Entertainment Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
NFLX $79.65 +2.1% +5.3% +10.2% +15.0% ABOVE 0
DIS $96.68 +0.0% +3.3% +5.1% +10.2% ABOVE 0
Biotech Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
GILD $93.30 +6.8% +9.4% +15.2% +24.4% ABOVE 0
AMGN $304.86 +0.0% +0.8% -2.0% -2.7% BELOW 0
Materials Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
APD $299.09 +2.0% +1.2% -1.2% +13.6% ABOVE 0
LIN $454.93 +0.6% +1.8% -1.8% -1.2% BELOW 0
Analog & Embedded Chips Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
TXN $208.27 +1.2% +6.2% +6.8% +3.7% ABOVE 0
MCHP $70.80 +0.8% -0.6% -4.7% -8.2% BELOW 0

Key Stock Movers

Today's biggest movers by absolute percentage change: Super Micro (SMCI) (Infrastructure) rose 12.2% to $25.48. Gilead (GILD) (Biotech) rose 6.8% to $93.30. Intel (INTC) (Chip Supply Chain) rose 4.7% to $26.23. JPMorgan (JPM) (Finance) fell 4.3% to $228.24. ARM Holdings (ARM) (Chip Supply Chain) rose 4.1% to $150.65. 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 16 sectors trading above their 50MA and 8 below, market internals remain constructive and favor continued risk-on exposure, though the 8 lagging groups (notably Utilities and Defense & Aerospace) warrant caution. Alert counts remain elevated around chip and AI-related names as the 50-day trends in key sectors (Chip Supply Chain +17.4%, Mag 7 +17.2%) continue to point to leadership consolidation. Positioning guidance: overweight selective AI/semiconductor exposure and enterprise software where 50-day trends are positive, trim highly rotated winners in airlines and some financials showing near-term dispersion, and use dips to add to core tech exposure in a diversified S&P 500 framework.

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