> 2ndOcean_

US Stock Market Sector Analysis – Wednesday, November 26, 2025 Sectors: BULLISH

Earnings shocks and AI headlines set the tone for the US stock market today as Zscaler (ZS) plunged 13.0% after its earnings print, while Dell (DELL) rallied 5.8% and Deere (DE) slid in the last big earnings wave of the week. Chip Supply Chain names outperformed with Marvell (MRVL) up 5.1% and AMD (AMD) rising 3.9%, helped by Google’s Gemini 3 lift that sent Broadcom-related hardware demand into focus. The S&P 500 extended gains broadly — 19 sectors higher, three lower — even as only nine sectors trade above their 50-day moving averages, and the Magnificent 7 basket was mixed, delivering a modest 0.5% one-day lift while several Mag 7 members remain below their 50-day. Market breadth was constructive intraday but uneven beneath the surface as cybersecurity and enterprise software names lagged sharply on earnings and re-rating activity.

Market Condition Dashboard

US 10-Year Treasury Yield
Wait & Watch
4.00%
stable
Impact
Confidence
Crude Oil (WTI)
Neutral
$58.65
+1.2% 1D
Impact
Confidence
VIX (Fear Index)
Normal Range
17.2
-7.4% 1D
Impact
Confidence
200-Day Moving Average
Bullish Trend Intact
0/3 below
SPY above (+10.8%), QQQ above (+12.9%), DIA above (+8.6%)
Impact
Confidence
Tracked Stocks Breadth (50DMA)
Add Cash
48%
33 of 68 above 50DMA · +11.8pp 5D
Impact
Confidence
Put/Call Ratio (5D)
Caution
0.78
Call-Heavy · stable
Impact
Confidence

Signal analysis only — not investment advice

Sector Heatmap (1D)

Airlines +3.06%
Chip Supply Chain +3.01%
Chip Equipment +2.53%
AI Power & Grid +2.48%
AI Networking & Interconnect +2.07%
Analog & Embedded Chips +1.99%
Infrastructure +1.76%
Retail +1.76%
Finance +1.62%
Memory & Storage +1.39%
EDA & Semiconductor IP +1.26%
Utilities +1.04%
Logistics +0.96%
Media & Entertainment +0.89%
Food & Restaurant +0.77%
Biotech +0.66%
Data Center REITs +0.64%
Mag 7 (AI Spenders) +0.49%
Energy +0.44%
Industrial +0.36%
Telecom +0.32%
Healthcare +0.27%
Defense & Aerospace +0.23%
Hospitality & Travel +0.14%
Materials +0.01%
Enterprise Software -0.11%
IT Services -0.49%
Cybersecurity -5.21%
≤-3%0≥+3%

Sector Performance (Base=100)

AI and Technology Sector Analysis

AI enthusiasm remains the primary thematic driver, with Microsoft (MSFT) $483.35 and NVIDIA (NVDA) $180.03 holding central roles as AI infrastructure beneficiaries even as both sit below their 50-day trends. Strength in chip supply chain beneficiaries such as Marvell (MRVL) $87.59 and AMD (AMD) $214.24 underscores ongoing demand for accelerators and networking silicon tied to large language model deployments. Infrastructure beneficiaries like Dell (DELL) $132.27 are trading as second-order AI plays; meanwhile, enterprise software faces a bifurcation as spending tailwinds for AI platforms clash with near-term execution and multiple compression.

US Stock Sector Overview

Sector 1D 5D 20D vs 50MA
Mag 7 (AI Spenders) +0.5% +5.3% -1.1% BELOW
Chip Supply Chain +3.0% +8.4% -5.1% ABOVE
Memory & Storage +1.4% +12.4% +7.1% ABOVE
EDA & Semiconductor IP +1.3% +2.6% -12.1% BELOW
Infrastructure +1.8% +6.7% -14.1% BELOW
AI Networking & Interconnect +2.1% +8.9% -1.2% ABOVE
Enterprise Software -0.1% +1.4% -13.3% BELOW
Finance +1.6% +4.3% +1.3% ABOVE
Healthcare +0.3% +5.8% +13.3% BELOW
Retail +1.8% +1.8% +2.8% BELOW
IT Services -0.5% +3.7% -1.1% ABOVE
Airlines +3.1% +13.8% +10.7% ABOVE
Hospitality & Travel +0.1% +7.5% +6.6% BELOW
Food & Restaurant +0.8% +3.8% +4.2% ABOVE
Logistics +1.0% +5.1% +6.6% ABOVE
Industrial +0.4% +3.0% -3.1% BELOW
Cybersecurity -5.2% -3.2% -14.6% BELOW
Chip Equipment +2.5% +9.0% -0.9% ABOVE
Data Center REITs +0.6% +0.3% -8.2% BELOW
AI Power & Grid +2.5% +4.5% -3.8% BELOW
Utilities +1.0% +1.6% +0.2% BELOW
Energy +0.4% -1.2% -0.3% BELOW
Defense & Aerospace +0.2% -0.7% -3.5% ABOVE
Telecom +0.3% +0.1% +2.7% BELOW
Media & Entertainment +0.9% +0.6% -5.0% BELOW
Biotech +0.7% +2.6% +13.3% ABOVE
Materials +0.0% +1.5% +0.4% BELOW
Analog & Embedded Chips +2.0% +10.2% +0.0% BELOW

Sector Strength

Airlines +3.1% 20d: +10.7%
Delta (DAL) +3.4% (20d: +12.5%), United (UAL) +2.7% (20d: +8.8%)
Chip Supply Chain +3.0% 20d: -5.1%
Marvell (MRVL) +5.1% (20d: -1.0%), Advanced Micro Devices (AMD) +3.9% (20d: -15.9%) [<50MA], Broadcom (AVGO) +3.3% (20d: +5.6%)
Chip Equipment +2.5% 20d: -0.9%
ASML Holding (ASML) +3.8% (20d: -3.2%), Applied Materials (AMAT) +3.1% (20d: +7.7%), Lam Research (LRCX) +2.1% (20d: -3.6%)
AI Power & Grid +2.5% 20d: -3.8%
Vistra (VST) +3.5% (20d: -6.8%) [<50MA], GE Vernova (GEV) +3.0% (20d: +2.7%) [<50MA], Quanta Services (PWR) +2.3% (20d: +1.5%)
AI Networking & Interconnect +2.1% 20d: -1.2%
Coherent (COHR) +3.5% (20d: +16.0%), Arista Networks (ANET) +2.1% (20d: -19.4%) [<50MA], Amphenol (APH) +0.7% (20d: -0.3%)

Sector Warnings

Cybersecurity -5.2% 20d: -14.6% CRITICAL
Zscaler (ZS) -13.0% (20d: -21.8%) [<50MA], CrowdStrike (CRWD) -2.1% (20d: -6.9%) [<50MA], Palo Alto Networks (PANW) -0.5% (20d: -15.1%) [<50MA]
IT Services -0.5% 20d: -1.1%
Accenture (ACN) -0.6% (20d: -0.6%), International Business Machines (IBM) -0.4% (20d: -1.7%)

Sector Deep Dive

Chip Supply Chain showed leadership today with the sector up 2.7% for the session and sitting above its 50-day moving average over the primary 50-day window (+12.3% vs 50MA). Marvell (MRVL) $87.59 jumped 5.1% after news flow tied to AI hardware demand, and AMD (AMD) $214.24 added 3.9%; both names are benefiting from resumed ordering cycles and inventory resets over the last 50 days. The 50-day trend in this group has been constructive relative to other tech sub-sectors, but the 20-day weakness (-7.2% for the broader group) signals short-term dispersion within the supply chain.

Cybersecurity, by contrast, was the clear weak spot: the sector declined 5.2% today and sits below its 50-day moving average with a -7.8% vs50MA signal. Zscaler (ZS) $251.97 led the pullback, down 13.0% after earnings, while CrowdStrike (CRWD) $125.39 slid 2.1% on pressure across the group. Over the last 50 days the trend has deteriorated materially, consistent with the active high alert for Cybersecurity down -14.6% over 20 days, and the 50-day context suggests this group remains vulnerable until revenue cadence and margin guidance stabilize.

Infrastructure names produced mixed outcomes but notable winners: Dell (DELL) $132.27 rose 5.8% and the Infrastructure sector is flagged by a HIGH alert for a 20-day decline of -14.1% despite today’s lift. The 50-day view is negative for the sector (-1.9% vs 50MA) and reflects rotation into AI-capable hardware while legacy capex segments reprice. Given the active alert and the 50-day weakness, selective exposure to firms with explicit AI data center storylines is preferable to broad infrastructure longs.

Airlines and Travel showed a clear tactical strength, with Airlines up 3.1% for the day and the sector trading above its 50-day moving average (+2.4% vs50MA). Delta (DAL) $63.77 led the top gainers with a 3.4% rise as seasonal demand and capacity discipline remain supportive over the last 50 days. The broader Hospitality & Travel group remains below its 50-day however, underscoring a divergence where stocks tied to pricing power and durable demand outpace more cyclical leisure-exposed names.

Market Breadth Analysis

US stock market breadth analysis shows 11 of 28 sectors trading above their 50-day moving average, while 17 are below. With the majority of sectors below the 50-day MA, medium-term momentum is deteriorating. The 20-day breadth shows 15 sectors in negative territory, pointing to widespread selling pressure.

Interactive Charts

S&P 500, NASDAQ 100 & Dow Jones (%)

Green shading marks breadth-below-50% regimes: BUY at the 5th session (vertical line on the fire day), STRONG at the 10th (darker). A 3rd day back above 50% ends the regime; tolerated recovery days still count toward the session total. Research display only — not investment advice.

50-Day Sector Performance

1-Day vs 5-Day Sector Change

Active Alerts

HIGH EDA & Semiconductor IP down -12.1% over 20 days
HIGH Infrastructure down -14.1% over 20 days
HIGH Enterprise Software down -13.3% over 20 days
HIGH Cybersecurity down -14.6% over 20 days
HIGH 7 sectors declining >5% over 20 days: Chip Supply Chain, EDA & Semiconductor IP, Infrastructure, Enterprise Software, Cybersecurity, Data Center REITs, Media & Entertainment
HIGH 4 sectors declining >10% over 50 days: EDA & Semiconductor IP, Enterprise Software, Media & Entertainment, Materials

Stock-Level Detail

Mag 7 (AI Spenders) Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
MSFT $482.44 +1.8% +1.5% -7.5% -4.3% BELOW 0
TSLA $426.58 +1.7% +7.9% -3.1% +2.3% BELOW 0
NVDA $180.03 +1.4% -0.2% -11.2% +2.3% BELOW 0
AAPL $276.80 +0.2% +4.2% +2.4% +16.8% ABOVE 0
AMZN $229.16 -0.2% +5.5% +2.8% -0.9% ABOVE 1
META $631.97 -0.4% +7.5% -4.9% -18.7% BELOW 1
GOOG $319.65 -1.0% +10.4% +13.6% +26.9% ABOVE 1
Chip Supply Chain Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
MRVL $87.59 +5.1% +14.4% -1.0% +18.3% ABOVE 0
AMD $214.24 +3.9% +4.0% -15.9% +35.7% BELOW 0
AVGO $395.35 +3.3% +14.6% +5.6% +15.3% ABOVE 0
INTC $36.81 +2.7% +9.5% -8.3% +20.4% ABOVE 0
TSM $287.69 +1.9% +4.5% -4.4% +7.9% ABOVE 0
QCOM $162.65 +1.1% +3.5% -6.8% -1.8% BELOW 0
Memory & Storage Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
STX $270.90 +4.0% +13.2% +1.5% +26.1% ABOVE 0
MU $230.03 +2.6% +14.3% +2.8% +36.4% ABOVE 0
WDC $157.50 +1.5% +12.5% +14.2% +50.0% ABOVE 0
SNDK $215.04 -2.5% +9.7% +9.8% +117.5% ABOVE 2
EDA & Semiconductor IP Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
SNPS $409.68 +2.0% +6.2% -7.5% -14.7% BELOW 0
ARM $132.61 +0.9% +0.1% -19.8% -9.5% BELOW 0
CDNS $306.35 +0.9% +1.4% -8.8% -16.0% BELOW 0
Infrastructure Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
DELL $132.05 +5.8% +13.5% -17.2% +1.2% BELOW 0
VRT $171.94 +1.4% +7.8% -11.2% +21.2% ABOVE 0
SMCI $32.83 +1.1% +4.0% -34.8% -28.5% BELOW 0
HPE $21.20 +0.8% +7.5% -11.8% -14.7% BELOW 0
CSCO $74.98 -0.3% +0.8% +4.3% +11.4% ABOVE 1
AI Networking & Interconnect Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
COHR $154.00 +3.5% +13.6% +16.0% +42.5% ABOVE 0
ANET $127.65 +2.1% +6.7% -19.4% -13.0% BELOW 0
APH $137.97 +0.7% +6.4% -0.3% +13.6% ABOVE 0
Enterprise Software Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
ORCL $203.00 +4.0% -2.7% -20.2% -30.8% BELOW 0
PLTR $165.77 +1.4% +6.4% -14.8% -6.3% BELOW 0
ADBE $317.52 -0.6% +1.6% -6.4% -13.6% BELOW 1
CRM $226.63 -2.5% +1.2% -11.1% -6.6% BELOW 1
NOW $160.54 -2.7% +0.3% -14.1% -15.3% BELOW 1
Finance Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
GS $804.19 +1.7% +5.5% +3.3% +1.5% ABOVE 0
JPM $303.33 +1.5% +3.1% -0.6% -1.3% ABOVE 0
Healthcare Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
UNH $323.14 +1.1% +5.8% -4.4% -1.5% BELOW 0
LLY $1099.03 -0.5% +5.9% +31.0% +45.0% ABOVE 1
Retail Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
WMT $108.19 +2.0% +1.9% +6.7% +5.3% ABOVE 0
COST $904.27 +1.6% +1.7% -1.2% -4.5% BELOW 0
IT Services Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
IBM $297.16 -0.4% +4.4% -1.7% +15.0% ABOVE 1
ACN $242.85 -0.6% +2.9% -0.6% +3.5% ABOVE 1
Airlines Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
DAL $63.77 +3.4% +14.8% +12.5% +8.4% ABOVE 0
UAL $101.59 +2.7% +12.8% +8.8% -3.6% ABOVE 0
Hospitality & Travel Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
MAR $302.85 +0.2% +7.9% +16.4% +15.7% ABOVE 0
BKNG $195.16 +0.1% +7.2% -3.3% -9.8% BELOW 0
Food & Restaurant Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
SBUX $85.15 +0.9% +4.9% +5.0% +4.7% ABOVE 0
MCD $306.73 +0.6% +2.7% +3.3% +3.7% ABOVE 0
Logistics Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
UPS $91.33 +1.2% +5.3% +2.4% +14.4% ABOVE 0
FDX $219.41 +0.7% +4.8% +10.8% +21.8% ABOVE 0
Industrial Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
CAT $570.25 +1.3% +5.1% -1.6% +23.2% ABOVE 0
HON $196.60 -0.5% +1.0% -4.5% -3.5% BELOW 1
Cybersecurity Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
PANW $185.35 -0.5% +0.2% -15.1% -9.9% BELOW 1
CRWD $125.39 -2.1% +0.0% -6.9% -0.2% BELOW 1
ZS $251.97 -13.0% -9.9% -21.8% -13.4% BELOW 1
Chip Equipment Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
ASML $1035.99 +3.8% +6.1% -3.2% +12.4% ABOVE 0
AMAT $249.08 +3.1% +13.5% +7.7% +32.0% ABOVE 0
LRCX $154.59 +2.1% +11.1% -3.6% +23.1% ABOVE 0
KLAC $115.48 +1.2% +5.1% -4.4% +10.9% ABOVE 0
Data Center REITs Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
DLR $155.54 +1.0% +0.8% -6.9% -7.3% BELOW 0
EQIX $739.14 +0.3% -0.3% -9.4% -3.9% BELOW 0
AI Power & Grid Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
VST $176.07 +3.5% +1.7% -6.8% -15.8% BELOW 0
GEV $588.63 +3.0% +5.7% +2.7% -3.4% BELOW 0
PWR $460.15 +2.3% +7.1% +1.5% +17.9% ABOVE 0
CEG $357.50 +2.1% +3.8% -6.0% +11.4% BELOW 0
ETN $338.86 +1.5% +4.1% -10.6% -7.7% BELOW 0
Utilities Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
DUK $120.28 +1.2% +0.7% -0.6% +3.4% BELOW 0
SO $88.07 +1.1% +1.9% -4.3% -0.5% BELOW 0
NEE $84.34 +0.8% +2.2% +5.5% +21.7% ABOVE 0
Energy Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
CVX $145.45 +0.7% -0.5% -1.5% -4.8% BELOW 0
XOM $112.51 +0.2% -1.9% +0.9% +1.6% ABOVE 0
Defense & Aerospace Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
RTX $171.33 +0.6% +0.7% -2.0% +9.9% ABOVE 0
LMT $445.46 +0.4% -3.0% -7.3% -4.1% BELOW 0
GD $335.61 -0.3% +0.2% -1.3% +5.2% ABOVE 1
Telecom Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
VZ $38.92 +0.7% +0.3% +4.9% -4.8% ABOVE 0
TMUS $204.63 +0.4% -1.3% -1.4% -13.0% BELOW 0
T $24.92 -0.2% +1.2% +4.6% -10.6% BELOW 1
Media & Entertainment Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
NFLX $106.14 +1.7% +0.4% -2.5% -12.1% BELOW 0
DIS $101.95 +0.1% +0.7% -7.5% -10.0% BELOW 0
Biotech Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
AMGN $337.66 +1.0% +3.3% +18.8% +25.8% ABOVE 0
GILD $125.14 +0.3% +2.0% +7.7% +12.2% ABOVE 0
Materials Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
LIN $403.77 +0.0% -0.1% -5.1% -14.3% BELOW 0
APD $253.90 +0.0% +3.1% +5.8% -10.9% BELOW 0
Analog & Embedded Chips Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
ADI $255.51 +2.3% +14.5% +10.7% +3.6% ABOVE 0
TXN $162.61 +2.2% +7.8% +3.9% -8.1% BELOW 0
MCHP $51.69 +1.4% +8.2% -14.5% -19.9% BELOW 0

Key Stock Movers

Today's biggest movers by absolute percentage change: Zscaler (ZS) (Cybersecurity) fell 13.0% to $251.97. Dell (DELL) (Infrastructure) rose 5.8% to $132.05. Marvell (MRVL) (Chip Supply Chain) rose 5.1% to $87.59. Oracle (ORCL) (Enterprise Software) rose 4.0% to $203.00. Seagate (STX) (Memory & Storage) rose 4.0% to $270.90. These individual stock movements were key drivers of their respective sector performance.

Risk and Opportunity Assessment

On the risk side, 6 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

Looking ahead, market participation is constructive but uneven: 19 sectors rose today even as only nine sectors sit above their 50-day moving averages and 15 remain below, and active HIGH alerts on Infrastructure, Enterprise Software, and Cybersecurity underscore tactical risk. Breadth metrics point to continued sector rotation rather than a uniform rally; watch the seven sectors declining more than 5% over 20 days for downside alpha risk. Positioning should favor selective AI hardware and chip supply chain exposure while trimming or avoiding outsized weights in beaten-down enterprise software and cybersecurity names until 50-day trends and earnings signals stabilize.

Hypothetical Portfolio

SIMULATION
Value $98,054
P&L -1.95%
Today +0.71%
View full portfolio → Simulation only. Not investment advice.
← 2025-11-25
Calendar
2025-11-28 →