US Stock Market Sector Analysis – Friday, November 22, 2024 BULLISH

Super Micro (SMCI) led the action in the US stock market as an 11.6% rally in the Infrastructure space set the tone while NVIDIA (NVDA) pulled back 3.2%, generating volatility across tech names. The S&P 500 internals were constructive with 17 sectors higher, four lower and three flat, and 15 of 24 sectors trading above their 50-day moving averages. The Magnificent 7 group finished roughly flat for the day (Mag 7 -0.1%), with Tesla (TSLA) up 3.8% offsetting declines in NVIDIA (NVDA) and Alphabet (GOOG). Today’s mix of idiosyncratic earnings and flows into AI-related infrastructure drove leadership in Infrastructure, Enterprise Software and Data Center REITs.

Market Condition Dashboard

US 10-Year Treasury Yield

Wait & Watch

4.41%

rising

Impact

Confidence

Crude Oil (WTI)

Neutral

$71.24

+1.6% 1D

Impact

Confidence

VIX (Fear Index)

Normal Range

15.2

-9.7% 1D

Impact

Confidence

Tracked Stocks Breadth (50DMA)

Pause Discretionary Adds

68%

46 of 68 above 50DMA · +7.4pp 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 stayed intact but bifurcated: NVIDIA (NVDA) $141.73 -3.2% gave back gains even as the Mag 7 cohort broadly held the higher ground, exemplified by Tesla (TSLA) $352.56 +3.8% and Apple (AAPL) $228.41 +0.6%. Chip Supply Chain names showed modest gains but remain below their 50-day trend on average, keeping a watchful eye on capacity and equipment ordering cycles. Enterprise Software strength—led by Palantir (PLTR) $64.35 +4.9%—and Infrastructure inflows signal capital is rotating from pure-play semiconductor moves into systems, data center gear and cloud-enabled enterprise deployments.

US Stock Sector Overview

Sector	1D	5D	20D	vs 50MA
Mag 7 (AI Spenders)	-0.1%	-0.1%	+4.6%	ABOVE
Chip Supply Chain	+0.4%	+0.6%	-3.0%	BELOW
Infrastructure	+3.6%	+15.9%	+6.1%	ABOVE
Enterprise Software	+2.4%	+4.8%	+19.6%	ABOVE
Finance	+1.3%	+2.0%	+12.7%	ABOVE
Healthcare	-0.7%	+1.5%	-5.9%	BELOW
Retail	+1.6%	+6.2%	+8.8%	ABOVE
IT Services	-0.2%	+4.4%	+2.4%	ABOVE
Airlines	+0.4%	+2.8%	+19.8%	ABOVE
Hospitality & Travel	-0.2%	+2.2%	+13.8%	ABOVE
Food & Restaurant	+1.5%	+0.9%	+1.5%	BELOW
Logistics	+2.1%	+0.7%	+4.9%	ABOVE
Industrial	+1.7%	+1.8%	+6.7%	ABOVE
Cybersecurity	+0.8%	+3.9%	+14.1%	ABOVE
Chip Equipment	-0.4%	+2.3%	-4.7%	BELOW
Data Center REITs	+1.4%	+3.3%	+3.3%	ABOVE
Utilities	-0.6%	+0.2%	-4.2%	BELOW
Energy	+0.2%	+1.1%	+6.1%	ABOVE
Defense & Aerospace	+0.3%	+0.6%	-4.3%	BELOW
Telecom	+1.0%	+1.2%	+4.4%	ABOVE
Media & Entertainment	+0.4%	+3.9%	+20.0%	ABOVE
Biotech	+1.0%	+3.8%	-2.4%	BELOW
Materials	+0.4%	+1.3%	-0.1%	BELOW
Analog & Embedded Chips	+0.4%	-0.8%	-8.1%	BELOW

Sector Strength

Infrastructure +3.6% 20d: +6.1%

Super Micro (SMCI) +11.6% (20d: -30.5%) [<50MA], Dell (DELL) +3.8% (20d: +19.5%), Cisco (CSCO) +1.7% (20d: +5.9%)

Enterprise Software +2.4% 20d: +19.6%

Palantir (PLTR) +4.9% (20d: +43.1%), Salesforce (CRM) +1.9% (20d: +16.4%), Adobe (ADBE) +1.5% (20d: +6.5%)

Logistics +2.1% 20d: +4.9%

UPS +2.6% (20d: +0.8%), FedEx (FDX) +1.6% (20d: +8.9%)

Industrial +1.7% 20d: +6.7%

Caterpillar (CAT) +2.0% (20d: +1.8%), Honeywell (HON) +1.3% (20d: +11.7%)

Retail +1.6% 20d: +8.8%

Walmart (WMT) +2.3% (20d: +9.3%), Costco (COST) +0.9% (20d: +8.3%)

Sector Warnings

Healthcare -0.7% 20d: -5.9%

UnitedHealth (UNH) -1.1% (20d: +4.5%), Eli Lilly (LLY) -0.3% (20d: -16.3%) [<50MA]

Utilities -0.6% 20d: -4.2%

NextEra Energy (NEE) -1.1% (20d: -7.7%) [<50MA], Southern Co (SO) -0.6% (20d: -3.8%) [<50MA], Duke Energy (DUK) -0.1% (20d: -1.1%)

Chip Equipment -0.4% 20d: -4.7%

Lam Research (LRCX) -0.7% (20d: -3.7%) [<50MA], Applied Materials (AMAT) -0.5% (20d: -5.4%) [<50MA], ASML +0.1% (20d: -4.8%) [<50MA]

IT Services -0.2% 20d: +2.4%

Accenture (ACN) -0.7% (20d: -0.7%), IBM +0.3% (20d: +5.6%)

Sector Deep Dive

Infrastructure rallied sharply, driven by Super Micro (SMCI) $33.15 +11.6% and Dell (DELL) $140.58 +3.8%, as investors favored hardware and buildout exposure; the sector is +3.6% on the day and sits ABOVE its 50-day moving average (+21.0% vs 50d) with a strong 50-day trend supportive of continued momentum. The outsized SMCI move amplified the theme that spending on servers and rack-level solutions is accelerating into year-end, and the 50-day price action confirms a technical breakout that traders will monitor for follow-through.

Enterprise Software outperformed with Palantir (PLTR) $64.35 +4.9% leading gains and CrowdStrike (CRWD) $93.07 +4.1% providing cybersecurity-adjacent strength; the sector is +2.4% today and is ABOVE its 50-day moving average (+31.9% vs 50d) with a constructive 50-day trend. The 50-day context shows sustained leadership in enterprise AI and analytics spending, and this rotation is consistent with buyers favoring recurring revenue models that monetize AI workloads across the enterprise stack.

Cybersecurity showed divergent internals as CrowdStrike (CRWD) $93.07 +4.1% surged while Palo Alto Networks (PANW) $191.68 -3.6% lagged, leaving the sector +0.8% on the day and ABOVE its 50-day moving average (+24.2% vs 50d) over the last 50 sessions. The 50-day trend remains firmly positive for the group, underscoring durable demand for protection as enterprises deploy more AI infrastructure and face growing attack surfaces; stock-level dispersion suggests event-driven positioning rather than a thematic reversal.

Utilities underperformed, led lower by NextEra Energy (NEE) $72.67 -1.1%, with the sector at -0.6% on the day and BELOW its 50-day moving average (-4.3% vs 50d) over the 50-day window. The 50-day trend shows increasing weakness relative to cyclicals, and with several defensive names like UnitedHealth (UNH) $566.80 -1.1% also pressured in Healthcare, risk-on positioning continued to favor growth and AI-exposed sectors over traditional defensives.

Market Breadth Analysis

US stock market breadth analysis shows 15 of 24 sectors trading above their 50-day moving average, while 9 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
TSLA	$352.56	+3.8%	+4.1%	+34.3%	+55.5%	ABOVE	0
MSFT	$412.11	+1.0%	+0.5%	-2.1%	-3.1%	BELOW	0
AAPL	$228.41	+0.6%	+0.8%	-1.4%	+6.4%	ABOVE	0
AMZN	$197.12	-0.6%	-2.3%	+4.6%	+6.6%	ABOVE	3
META	$555.94	-0.7%	+0.9%	-3.3%	+4.8%	BELOW	2
GOOG	$165.52	-1.6%	-5.8%	-1.1%	+4.8%	BELOW	3
NVDA	$141.73	-3.2%	+1.3%	+1.0%	+21.6%	ABOVE	1

Chip Supply Chain Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ARM	$135.99	+2.1%	+5.7%	-9.4%	-1.7%	BELOW	0
QCOM	$151.03	+0.9%	-4.7%	-9.0%	-5.9%	BELOW	0
AMD	$138.35	+0.6%	-0.4%	-13.5%	-9.0%	BELOW	0
INTC	$24.50	+0.2%	-1.4%	+6.9%	+17.2%	ABOVE	0
AVGO	$161.73	+0.2%	-0.9%	-4.5%	+0.5%	BELOW	0
MRVL	$92.09	-0.5%	+4.3%	+10.9%	+26.1%	ABOVE	1
TSM	$186.00	-0.6%	+1.4%	-2.4%	+12.4%	ABOVE	1

Infrastructure Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
SMCI	$33.15	+11.6%	+53.9%	-30.5%	-26.2%	BELOW	0
DELL	$140.58	+3.8%	+6.0%	+19.5%	+25.4%	ABOVE	0
CSCO	$56.26	+1.7%	+2.2%	+5.9%	+15.6%	ABOVE	0
HPE	$21.19	+1.7%	+3.4%	+12.0%	+29.2%	ABOVE	0
VRT	$139.85	-0.9%	+13.9%	+23.4%	+61.2%	ABOVE	1

Enterprise Software Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
PLTR	$64.35	+4.9%	+5.0%	+43.1%	+77.2%	ABOVE
CRM	$337.70	+1.9%	+6.1%	+16.4%	+33.3%	ABOVE
ADBE	$512.15	+1.5%	+2.5%	+6.5%	-1.8%	ABOVE
NOW	$212.12	+1.3%	+5.5%	+12.2%	+18.8%	ABOVE

Finance Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
JPM	$239.99	+1.5%	+1.4%	+10.2%	+20.3%	ABOVE	0
GS	$582.17	+1.1%	+2.5%	+15.1%	+24.2%	ABOVE	0

Healthcare Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LLY	$739.96	-0.3%	+2.9%	-16.3%	-18.9%	BELOW	2
UNH	$566.80	-1.1%	+0.2%	+4.5%	+0.3%	ABOVE	2

Retail Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
WMT	$89.03	+2.3%	+7.6%	+9.3%	+12.3%	ABOVE	0
COST	$956.31	+0.9%	+4.8%	+8.3%	+6.3%	ABOVE	0

IT Services Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
IBM	$214.54	+0.3%	+7.2%	+5.6%	+3.5%	ABOVE	0
ACN	$346.47	-0.7%	+1.7%	-0.7%	+1.7%	ABOVE	1

Airlines Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UAL	$95.24	+0.9%	+5.4%	+25.2%	+85.5%	ABOVE	0
DAL	$62.10	+0.0%	+0.2%	+14.4%	+40.2%	ABOVE	0

Hospitality & Travel Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MAR	$280.45	+0.3%	+1.2%	+8.5%	+22.6%	ABOVE	0
BKNG	$204.24	-0.6%	+3.2%	+19.1%	+30.1%	ABOVE	1

Food & Restaurant Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
SBUX	$98.63	+2.4%	+2.1%	+5.2%	+7.1%	ABOVE	0
MCD	$278.51	+0.6%	-0.3%	-2.2%	-2.2%	BELOW	0

Logistics Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UPS	$122.35	+2.6%	-0.2%	+0.8%	+5.9%	ABOVE	0
FDX	$233.14	+1.6%	+1.6%	+8.9%	+2.5%	ABOVE	0

Industrial Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CAT	$389.92	+2.0%	+3.4%	+1.8%	+14.6%	ABOVE	0
HON	$219.33	+1.3%	+0.1%	+11.7%	+12.5%	ABOVE	0

Cybersecurity Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CRWD	$93.07	+4.1%	+8.5%	+23.5%	+39.0%	ABOVE	0
ZS	$210.96	+1.8%	+4.0%	+12.8%	+22.8%	ABOVE	0
PANW	$191.68	-3.6%	-0.9%	+5.8%	+10.8%	ABOVE	1

Chip Equipment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ASML	$664.18	+0.1%	+1.1%	-4.8%	-16.0%	BELOW	0
AMAT	$172.72	-0.5%	+2.7%	-5.4%	-6.6%	BELOW	1
LRCX	$71.62	-0.7%	+2.9%	-3.7%	-3.9%	BELOW	1

Data Center REITs Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
EQIX	$905.93	+1.4%	+3.0%	+3.1%	+7.3%	ABOVE	0
DLR	$180.52	+1.3%	+3.6%	+3.6%	+18.0%	ABOVE	0

Utilities Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DUK	$108.82	-0.1%	+1.0%	-1.1%	-1.6%	ABOVE	1
SO	$83.41	-0.6%	-0.5%	-3.8%	-1.7%	BELOW	1
NEE	$72.67	-1.1%	+0.2%	-7.7%	-9.6%	BELOW	1

Energy Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CVX	$152.27	+0.5%	+1.0%	+9.0%	+15.4%	ABOVE	0
XOM	$115.91	-0.1%	+1.2%	+3.3%	+8.9%	ABOVE	1

Defense & Aerospace Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
GD	$272.54	+0.7%	-1.5%	-7.3%	-7.9%	BELOW
RTX	$117.68	+0.2%	+1.2%	-3.2%	+1.9%	BELOW
LMT	$517.28	+0.0%	+2.1%	-2.3%	-5.4%	BELOW

Telecom Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
VZ	$38.44	+1.5%	+2.1%	+3.7%	-2.6%	ABOVE
T	$21.42	+0.9%	+0.8%	+4.8%	+5.4%	ABOVE
TMUS	$231.40	+0.7%	+0.5%	+4.6%	+15.8%	ABOVE

Media & Entertainment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DIS	$113.01	+0.8%	+1.9%	+20.2%	+25.9%	ABOVE	0
NFLX	$89.78	+0.0%	+6.0%	+19.8%	+28.9%	ABOVE	0

Biotech Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
AMGN	$281.16	+1.6%	+5.7%	-6.4%	-11.4%	BELOW	0
GILD	$85.95	+0.5%	+2.0%	+1.6%	+8.5%	ABOVE	0

Materials Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
APD	$317.27	+0.9%	+1.2%	+4.3%	+15.6%	ABOVE	0
LIN	$444.48	-0.1%	+1.4%	-4.5%	-4.2%	BELOW	1

Analog & Embedded Chips Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MCHP	$63.95	+1.0%	+2.9%	-13.0%	-12.8%	BELOW	0
TXN	$189.57	-0.1%	-4.4%	-3.2%	+0.4%	BELOW	1

Key Stock Movers

Today's biggest movers by absolute percentage change: Super Micro (SMCI) (Infrastructure) rose 11.6% to $33.15. Palantir (PLTR) (Enterprise Software) rose 4.9% to $64.35. CrowdStrike (CRWD) (Cybersecurity) rose 4.1% to $93.07. Dell (DELL) (Infrastructure) rose 3.8% to $140.58. Tesla (TSLA) (Mag 7 (AI Spenders)) rose 3.8% to $352.56. 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

Looking ahead, breadth remains healthy with 15 sectors above their 50MA but nine below, and our alert counts flag elevated dispersion as NVDA led intraday selling while SMCI and PLTR drew concentrated buying. Watch the number of sectors above their 50-day trends and the S&P 500’s reaction to further Mag 7 earnings or supply-chain headlines; 50-day trend dynamics currently favor overweight exposure to Infrastructure and Enterprise Software and selective exposure to AI supply chain names while trimming laggards in Utilities and Healthcare. Positioning guidance: add exposure to proven AI infrastructure winners on pullbacks, favor recurring-revenue software leaders, and maintain size discipline where 50-day trends are negative.

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