US Stock Market Sector Analysis – Wednesday, November 20, 2024 MIXED

The US stock market finished mixed as healthcare led gains while parts of the technology supply chain softened. UnitedHealth (UNH) jumped 4.1% to $576.03 and Eli Lilly (LLY) rose 3.2% to $745.30, driving the Healthcare sector to a notable outperformance, even as the Mag 7 (AI Spenders) cluster was slightly lower by 0.5% on the day. Chip Supply Chain weakness, highlighted by Qualcomm (QCOM) sliding 6.3% to $148.60 and Super Micro (SMCI) plunging 8.7% to $25.80, pressured related sectors. Overall breadth was mixed: 9 sectors up, 10 down, 5 flat, with 13 sectors trading above their 50-day moving average and 11 below, keeping the S&P 500 in a narrow tactical range today.

Market Condition Dashboard

US 10-Year Treasury Yield

Wait & Watch

4.41%

rising

Impact

Confidence

Crude Oil (WTI)

Neutral

$68.87

-0.8% 1D

Impact

Confidence

VIX (Fear Index)

Normal Range

17.2

+5.0% 1D

Impact

Confidence

Tracked Stocks Breadth (50DMA)

Pause Discretionary Adds

62%

42 of 68 above 50DMA · -10.3pp 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 central but nuanced: the Magnificent 7 showed modest dispersion with Apple (AAPL) at $227.55 up 0.3% and NVIDIA (NVDA) at $145.66 down 0.8%, underscoring a leadership split between infrastructure winners and software beneficiaries. Weakness in the Chip Supply Chain (-1.3% sector avg) and Chip Equipment (-0.0% sector avg but -10.2% vs 50d) suggests near-term hardware vulnerability, while sustained strength in Enterprise Software (sector avg -0.1% but +26.8% vs 50d) and Data Center REITs supports continued investment in cloud/infrastructure capacity. Investors should favor exposure to dominant AI platform players and cloud software compounders while selectively avoiding cyclical equipment names showing 50-day deterioration.

US Stock Sector Overview

Sector	1D	5D	20D	vs 50MA
Mag 7 (AI Spenders)	-0.5%	+0.1%	+7.0%	ABOVE
Chip Supply Chain	-1.3%	-2.6%	-2.3%	BELOW
Infrastructure	-2.7%	+11.0%	+0.8%	ABOVE
Enterprise Software	-0.1%	-1.0%	+16.6%	ABOVE
Finance	-0.4%	-0.8%	+9.0%	ABOVE
Healthcare	+3.7%	-1.4%	-4.1%	BELOW
Retail	+0.2%	+1.8%	+4.5%	ABOVE
IT Services	+1.5%	+0.7%	-1.5%	BELOW
Airlines	-0.7%	+1.0%	+21.6%	ABOVE
Hospitality & Travel	+0.6%	+0.1%	+11.6%	ABOVE
Food & Restaurant	-0.0%	-1.5%	-0.9%	BELOW
Logistics	-1.3%	-0.3%	+1.1%	ABOVE
Industrial	-0.4%	-1.4%	+3.7%	BELOW
Cybersecurity	-0.4%	-0.8%	+10.7%	ABOVE
Chip Equipment	-0.0%	-6.6%	-7.6%	BELOW
Data Center REITs	-0.6%	+3.3%	+7.8%	ABOVE
Utilities	-0.2%	+2.7%	-5.3%	BELOW
Energy	+1.3%	+0.3%	+4.9%	ABOVE
Defense & Aerospace	+0.0%	-1.4%	-5.5%	BELOW
Telecom	+0.7%	+1.7%	+1.5%	ABOVE
Media & Entertainment	+1.5%	+5.1%	+18.5%	ABOVE
Biotech	+1.9%	-2.9%	-4.1%	BELOW
Materials	+0.7%	+1.5%	-1.7%	BELOW
Analog & Embedded Chips	-0.5%	-2.3%	-8.8%	BELOW

Sector Strength

Healthcare +3.7% 20d: -4.1%

UnitedHealth (UNH) +4.1% (20d: +7.1%), Eli Lilly (LLY) +3.2% (20d: -15.3%) [<50MA]

Biotech +1.9% 20d: -4.1%

Amgen (AMGN) +2.8% (20d: -8.1%) [<50MA], Gilead (GILD) +1.0% (20d: -0.2%)

Media & Entertainment +1.5% 20d: +18.5%

Disney (DIS) +1.6% (20d: +19.8%), Netflix (NFLX) +1.4% (20d: +17.1%)

IT Services +1.5% 20d: -1.5%

IBM +2.1% (20d: -1.0%) [<50MA], Accenture (ACN) +0.9% (20d: -2.0%)

Energy +1.3% 20d: +4.9%

Exxon Mobil (XOM) +1.4% (20d: +1.4%), Chevron (CVX) +1.1% (20d: +8.3%)

Sector Warnings

Infrastructure -2.7% 20d: +0.8%

Super Micro (SMCI) -8.7% (20d: -44.2%) [<50MA], Vertiv (VRT) -2.4% (20d: +25.0%), Hewlett Packard Enterprise (HPE) -1.6% (20d: +9.2%)

Chip Supply Chain -1.3% 20d: -2.3%

Qualcomm (QCOM) -6.3% (20d: -8.2%) [<50MA], AMD -1.3% (20d: -10.3%) [<50MA], Broadcom (AVGO) -1.3% (20d: -4.7%) [<50MA]

Logistics -1.3% 20d: +1.1%

FedEx (FDX) -1.7% (20d: +5.6%), UPS -0.8% (20d: -3.3%)

Airlines -0.7% 20d: +21.6%

Delta (DAL) -1.7% (20d: +16.2%), United (UAL) +0.4% (20d: +27.0%)

Data Center REITs -0.6% 20d: +7.8%

Digital Realty (DLR) -0.7% (20d: +12.6%), Equinix (EQIX) -0.4% (20d: +3.1%)

Sector Deep Dive

Healthcare outperformed on the day led by UnitedHealth (UNH) at $576.03, which rallied 4.1% and continues to trade well above its 50-day trend as the sector shows a +3.7% one-day swing and a -8.4% 50-day context for the broader group. Eli Lilly (LLY) at $745.30 climbed 3.2%, reinforcing defensive and growth-biased positioning within Healthcare as investors rotate into earnings-resilient names. The 50-day window confirms relative strength for leading insurers and large-cap biopharma even as smaller biotech remains choppy.

Chip Supply Chain weakness remained a focal point with Qualcomm (QCOM) at $148.60 sliding 6.3% on top of a sector one-day drop of -1.3% and a 50-day performance of +5.0% (sector BELOW its 50MA), signaling short-term distribution in suppliers. Super Micro (SMCI) at $25.80 led intra-sector losses with an 8.7% plunge, highlighting order flow or inventory concerns that are pressuring the 50-day trend across capital goods names. For portfolio construction, this 50-day window suggests caution on cyclical suppliers while monitoring for stabilization in booking trends.

Infrastructure showed divergence: Vertiv (VRT) at $137.24 fell 2.4% while the sector average weakened -2.7% for the day despite a positive 50-day posture (+16.0% ABOVE). The pullback was accentuated by selective weakness in smaller infrastructure techs like Super Micro, but larger providers have generally held their 50-day gains. Traders should watch the 50-day behavior for confirmation — a break would shift tactical positioning from accumulation to consolidation.

Media & Enterprise Software dynamics were constructive as Disney (DIS) at $111.66 added 1.6% and Enterprise Software as a sector posted a modest -0.1% daily move but a strong +26.8% vs its 50-day average (ABOVE). IBM at $206.49 gained 2.1%, reflecting steady demand for legacy and hybrid-cloud services that underpin enterprise AI deployments. The 50-day trend is supportive for software names, and selective exposure to durable subscription franchises remains warranted given current breadth.

Market Breadth Analysis

US stock market breadth analysis shows 13 of 24 sectors trading above their 50-day moving average, while 11 are below. The majority of sectors holding above the 50-day MA indicates healthy medium-term momentum. With 14 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

Active Alerts

HIGH 4 sectors declining >5% over 20 days: Chip Equipment, Utilities, Defense & Aerospace, Analog & Embedded Chips

Stock-Level Detail

Mag 7 (AI Spenders) Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
META	$562.28	+0.8%	-2.0%	-0.4%	+7.7%	BELOW	0
AAPL	$227.55	+0.3%	+0.3%	-0.6%	+2.9%	ABOVE	0
MSFT	$409.80	-0.6%	-2.7%	-2.2%	-2.7%	BELOW	1
NVDA	$145.66	-0.8%	-0.6%	+3.9%	+22.5%	ABOVE	1
AMZN	$202.88	-0.8%	-4.1%	+8.9%	+8.5%	ABOVE	1
TSLA	$342.03	-1.1%	+9.9%	+31.3%	+48.8%	ABOVE	1
GOOG	$176.21	-1.3%	-0.0%	+7.8%	+14.0%	ABOVE	1

Chip Supply Chain Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MRVL	$89.45	+0.6%	-0.9%	+9.7%	+21.0%	ABOVE	0
ARM	$133.70	+0.5%	-1.9%	-5.2%	-3.9%	BELOW	0
TSM	$184.32	-0.7%	-0.1%	-4.8%	+9.9%	ABOVE	1
INTC	$24.01	-0.8%	-4.1%	+7.5%	+24.0%	ABOVE	2
AVGO	$160.76	-1.3%	-4.2%	-4.7%	-0.5%	BELOW	2
AMD	$137.60	-1.3%	-0.9%	-10.3%	-8.7%	BELOW	1
QCOM	$148.60	-6.3%	-5.9%	-8.2%	-6.5%	BELOW	1

Infrastructure Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CSCO	$55.25	+0.9%	-0.7%	+2.8%	+16.8%	ABOVE	0
DELL	$130.59	-1.4%	-0.3%	+11.1%	+19.9%	ABOVE	2
HPE	$20.31	-1.6%	-0.7%	+9.2%	+26.5%	ABOVE	1
VRT	$137.24	-2.4%	+13.6%	+25.0%	+58.6%	ABOVE	1
SMCI	$25.80	-8.7%	+43.3%	-44.2%	-41.6%	BELOW	1

Enterprise Software Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CRM	$321.58	+0.7%	-1.8%	+13.6%	+28.7%	ABOVE	0
NOW	$204.60	+0.1%	-1.6%	+6.9%	+15.4%	ABOVE	0
ADBE	$499.50	-0.0%	-5.7%	+3.4%	-14.8%	BELOW	1
PLTR	$62.12	-1.4%	+5.0%	+42.6%	+77.9%	ABOVE	1

Finance Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GS	$562.03	+0.1%	-1.1%	+10.9%	+22.8%	ABOVE	0
JPM	$232.49	-1.0%	-0.5%	+7.0%	+17.3%	ABOVE	3

Healthcare Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UNH	$576.03	+4.1%	+1.2%	+7.1%	+2.4%	ABOVE	0
LLY	$745.30	+3.2%	-4.0%	-15.3%	-19.3%	BELOW	0

Retail Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
WMT	$85.82	+0.7%	+3.2%	+5.0%	+9.4%	ABOVE	0
COST	$920.67	-0.2%	+0.5%	+4.0%	+1.6%	ABOVE	1

IT Services Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
IBM	$206.49	+2.1%	+2.7%	-1.0%	+2.2%	BELOW	0
ACN	$344.94	+0.9%	-1.4%	-2.0%	+2.5%	ABOVE	0

Airlines Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UAL	$94.63	+0.4%	+3.8%	+27.0%	+90.6%	ABOVE	0
DAL	$62.39	-1.7%	-1.9%	+16.2%	+44.2%	ABOVE	1

Hospitality & Travel Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
BKNG	$197.90	+0.8%	+0.9%	+15.6%	+29.6%	ABOVE	0
MAR	$275.77	+0.3%	-0.7%	+7.5%	+21.4%	ABOVE	0

Food & Restaurant Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MCD	$279.12	+0.1%	-2.6%	-3.5%	-0.5%	BELOW	0
SBUX	$94.55	-0.1%	-0.4%	+1.8%	-0.4%	ABOVE	2

Logistics Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UPS	$119.87	-0.8%	+0.8%	-3.3%	+4.1%	ABOVE	2
FDX	$223.86	-1.7%	-1.5%	+5.6%	+0.7%	ABOVE	2

Industrial Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CAT	$374.23	-0.2%	-1.5%	-1.4%	+12.7%	BELOW	2
HON	$216.99	-0.7%	-1.3%	+8.9%	+11.3%	ABOVE	6

Cybersecurity Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
PANW	$196.45	+1.2%	-0.4%	+7.8%	+13.8%	ABOVE	0
CRWD	$87.54	-0.9%	+1.7%	+15.0%	+36.2%	ABOVE	1
ZS	$200.94	-1.7%	-3.6%	+9.2%	+20.5%	ABOVE	1

Chip Equipment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
AMAT	$167.99	+0.7%	-8.3%	-7.2%	-6.9%	BELOW	0
LRCX	$69.07	-0.2%	-6.3%	-8.5%	-6.0%	BELOW	2
ASML	$649.92	-0.6%	-5.0%	-7.2%	-17.5%	BELOW	2

Data Center REITs Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
EQIX	$889.07	-0.4%	+2.3%	+3.1%	+6.3%	ABOVE	1
DLR	$176.78	-0.7%	+4.3%	+12.6%	+16.7%	ABOVE	1

Utilities Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DUK	$107.91	+0.1%	+3.7%	-3.5%	-1.0%	BELOW	0
NEE	$73.02	-0.3%	+2.1%	-7.2%	-7.9%	BELOW	1
SO	$83.76	-0.4%	+2.2%	-5.2%	+0.2%	BELOW	1

Energy Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
XOM	$114.51	+1.4%	-0.2%	+1.4%	+9.1%	ABOVE	0
CVX	$151.30	+1.1%	+0.7%	+8.3%	+17.1%	ABOVE	0

Defense & Aerospace Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LMT	$510.14	+0.3%	-0.8%	-5.2%	-5.9%	BELOW	0
RTX	$116.10	+0.2%	+0.7%	-4.3%	-0.3%	BELOW	0
GD	$270.84	-0.3%	-4.2%	-7.0%	-6.4%	BELOW	5

Telecom Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
TMUS	$228.67	+1.0%	-1.0%	+0.8%	+16.3%	ABOVE
VZ	$37.61	+0.7%	+3.3%	+0.9%	-2.2%	BELOW
T	$21.09	+0.4%	+2.6%	+2.8%	+7.1%	ABOVE

Media & Entertainment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DIS	$111.66	+1.6%	+4.7%	+19.8%	+28.0%	ABOVE	0
NFLX	$88.39	+1.4%	+5.6%	+17.1%	+28.7%	ABOVE	0

Biotech Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
AMGN	$274.80	+2.8%	-1.9%	-8.1%	-12.1%	BELOW	0
GILD	$84.46	+1.0%	-3.8%	-0.2%	+7.6%	ABOVE	0

Materials Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LIN	$439.94	+1.4%	-0.7%	-5.1%	-3.7%	BELOW	0
APD	$313.46	-0.0%	+3.8%	+1.8%	+17.8%	ABOVE	1

Analog & Embedded Chips Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MCHP	$62.02	+0.4%	-0.7%	-14.2%	-14.4%	BELOW	0
TXN	$189.75	-1.4%	-3.8%	-3.4%	+1.8%	BELOW	2

Key Stock Movers

Today's biggest movers by absolute percentage change: Super Micro (SMCI) (Infrastructure) fell 8.7% to $25.80. Qualcomm (QCOM) (Chip Supply Chain) fell 6.3% to $148.60. UnitedHealth (UNH) (Healthcare) rose 4.1% to $576.03. Eli Lilly (LLY) (Healthcare) rose 3.2% to $745.30. Amgen (AMGN) (Biotech) rose 2.8% to $274.80. These individual stock movements were key drivers of their respective sector performance.

Risk and Opportunity Assessment

On the risk side, 1 high-severity alerts are currently active, signaling significant sector declines that warrant portfolio risk management attention. Consider reducing exposure to affected sectors and tightening stop-loss levels.

US Stock Market Outlook

Near term, the market faces a mixed technical backdrop with 13 sectors above their 50-day moving averages and 11 below, and four sectors triggering HIGH alerts for >5% declines over 20 days (Chip Equipment, Utilities, Defense & Aerospace, Analog & Embedded Chips). Breadth metrics and the 50-day trend point to selective leadership rather than broad market participation; watch how Chip Supply Chain names behave relative to their 50-day lines for signs of a renewed hardware cycle. Positioning recommendation: overweight quality Healthcare and Enterprise Software leaders, maintain selective exposure to Mag 7 platform winners, and underweight cyclical chip equipment and analog names until 50-day stability returns.

← 2024-11-19

Calendar

2024-11-21 →