US Stock Market Sector Analysis – Thursday, February 12, 2026 BEARISH

The US stock market opened lower today, with the S&P 500 slipping into negative territory as earnings from major players like AMAT failed to inspire confidence. The tech-heavy sector witnessed a pronounced downturn, with the Magnificent 7, including AAPL and AMZN, collectively declining by 5.0% and 2.2%, respectively. The broader market experienced declines across 14 sectors, notably in IT Services and Media & Entertainment, which fell 4.3% and 5.0%. Concerns regarding software and financial stocks, compounded by a warning from Cisco about memory chips, have overshadowed positive movements in Data Center REITs, which surged by 6.9%.

Market Condition Dashboard

US 10-Year Treasury Yield

Wait & Watch

4.09%

stable

Impact

Confidence

Crude Oil (WTI)

Neutral

$62.84

-2.8% 1D

Impact

Confidence

VIX (Fear Index)

Elevated Caution

20.8

+18.0% 1D

Impact

Confidence

200-Day Moving Average

Bullish Trend Intact

0/3 below

SPY above (+5.6%), QQQ above (+3.6%), DIA above (+8.6%)

Impact

Confidence

Tracked Stocks Breadth (50DMA)

Add Cash

52%

35 of 68 above 50DMA · 20DMA 53% · -5.9pp 5D

Impact

Confidence

Put/Call Ratio (5D)

Caution

0.79

Call-Heavy · stable

Impact

Confidence

Signal analysis only — not investment advice

Sector Performance (Base=100)

Today's Market Events

Key Headlines

CoreWeave shares tumble after the company’s quarterly update and forward-looking commentary stoke investor anxiety about near-term growth. The GPU-infrastructure provider reported a beat on revenue and reaffirmed its annual revenue and 2026 ARR targets, while CEO Michael said demand is broadening beyond traditional AI labs into trading, finance and robotics customers. Management also flagged heavy capital buildout that is compressing operating margins today — roughly 1% in Q1 — but forecast a sequential margin expansion to low double-digits by Q4 as new capacity comes onto billing. Despite the upbeat deal announcements and a claimed $40 billion backlog expansion, investors reacted to the guidance and pulled back stock prices after a year-to-date run of roughly 90% into the print.

The tech labor picture remains a key market narrative as companies move to reshape work in the age of AI. Cloudflare is cutting roughly one-fifth of its workforce, and broader industry headwinds and automation are cited in a string of recent layoffs at firms including Coinbase and others; data show information-technology payrolls have now declined for 16 straight months. The U.S. jobs report surprised to the upside on aggregate payrolls, but analysts note the composition of job gains is uneven and many young workers remain underemployed — Clara Shih and others highlight that roughly 42% of recent graduates are working below their qualifications and stress the need for AI skills retraining.

Earnings from consumer and platform names produced a mixed reaction as investors parsed growth versus profitability trade-offs. Lyft (LYFT) posted a record quarter in bookings — near $5 billion — and generated more than $1 billion of free cash flow, but Wall Street pressed on the cost of international expansion and margin timing; CEO David Risher emphasized product leverage, reward partnerships and heavy developer uptake of AI tools, saying about 86% of engineers use AI actively. Other software and platform players showed pressure on revenue trajectories, even as some firms point to improved unit economics driven by automation and redesigned loyalty programs.

Geopolitics, capital markets and industrial moves added a wider macro and regulatory overlay to the technology tape. SoftBank is reported to be trimming the size of a planned loan facility to about $6 billion from an earlier $10 billion target, reflecting investor caution around large private-company financings. U.S.-China tech tensions persist: officials are navigating sensitive export and blacklist decisions for chip-related firms, and reports of servers and advanced NVIDIA-based systems moving across borders have heightened scrutiny. Separately, longer-term infrastructure shifts are in focus — projects to revive or repurpose legacy power assets for AI workloads and announcements around semiconductor IPOs in China underline the strategic link between energy, chips and cloud-scale AI deployment.

Earnings Releases

Applied Materials (AMAT) Reports After Close

AI and Technology Sector Analysis

Today's performance in the AI and technology investment theme reveals a struggle for the Magnificent 7, with MSFT and GOOG both down 0.6% and AMZN down 2.2%. The chip supply chain is under pressure as stocks like DELL dropped 9.1% following Cisco's warnings, while the infrastructure sector saw notable declines, including SMCI's 5.0% drop. Despite these challenges, Super Micro Computer's focus on AI growth remains a point of interest as it navigates margin and competition risks.

US Stock Sector Overview

Sector	1D	5D	20D	vs 50MA
Mag 7 (AI Spenders)	-2.2%	-2.1%	-4.9%	BELOW
Chip Supply Chain	-2.9%	-1.0%	-1.4%	BELOW
Infrastructure	-7.6%	-3.0%	+7.2%	BELOW
Enterprise Software	+0.0%	-1.9%	-20.7%	BELOW
Finance	-3.4%	-4.4%	-4.7%	BELOW
Healthcare	+2.1%	+0.5%	-7.8%	BELOW
Retail	+3.0%	+0.8%	+8.3%	ABOVE
IT Services	-4.3%	-10.2%	-17.6%	BELOW
Airlines	-3.4%	-6.7%	-4.2%	BELOW
Hospitality & Travel	-2.3%	-0.1%	-5.5%	BELOW
Food & Restaurant	+0.2%	-0.6%	+5.7%	ABOVE
Logistics	-0.5%	+0.3%	+13.3%	ABOVE
Industrial	-1.7%	+2.5%	+14.5%	ABOVE
Cybersecurity	-0.9%	+2.8%	-13.9%	BELOW
Chip Equipment	-2.3%	+0.5%	+5.0%	ABOVE
Data Center REITs	+6.9%	+9.0%	+15.9%	ABOVE
Utilities	+1.1%	+3.0%	+7.4%	ABOVE
Energy	-2.4%	+1.1%	+13.3%	ABOVE
Defense & Aerospace	+0.7%	-0.6%	+1.3%	ABOVE
Telecom	+1.5%	+7.2%	+19.9%	ABOVE
Media & Entertainment	-5.0%	-6.8%	-11.8%	BELOW
Biotech	-1.3%	-2.6%	+18.1%	ABOVE
Materials	+0.3%	+4.2%	+8.5%	ABOVE
Analog & Embedded Chips	-1.9%	+2.3%	+12.0%	ABOVE

Sector Strength

Data Center REITs +6.9% 20d: +15.9%

Equinix (EQIX) +10.4% (20d: +19.5%), Digital Realty (DLR) +3.3% (20d: +12.3%)

Retail +3.0% 20d: +8.3%

Walmart (WMT) +3.8% (20d: +12.1%), Costco (COST) +2.1% (20d: +4.4%)

Healthcare +2.1% 20d: -7.8%

Eli Lilly (LLY) +2.3% (20d: +0.5%) [<50MA], UnitedHealth (UNH) +2.0% (20d: -16.1%) [<50MA]

Telecom +1.5% 20d: +19.9%

T-Mobile (TMUS) +2.5% (20d: +12.6%), AT&T (T) +1.2% (20d: +21.4%), Verizon (VZ) +1.0% (20d: +25.7%)

Utilities +1.1% 20d: +7.4%

Southern Co (SO) +1.9% (20d: +4.3%), Duke Energy (DUK) +0.7% (20d: +6.1%), NextEra Energy (NEE) +0.6% (20d: +11.9%)

Sector Warnings

Infrastructure -7.6% 20d: +7.2%

Cisco (CSCO) -12.3% (20d: -0.3%) [<50MA], Dell (DELL) -9.1% (20d: -5.3%) [<50MA], Hewlett Packard Enterprise (HPE) -6.8% (20d: +1.1%) [<50MA]

Media & Entertainment -5.0% 20d: -11.8% CRITICAL

Disney (DIS) -5.3% (20d: -9.7%) [<50MA], Netflix (NFLX) -4.7% (20d: -13.8%) [<50MA]

IT Services -4.3% 20d: -17.6% CRITICAL

IBM -4.9% (20d: -12.4%) [<50MA], Accenture (ACN) -3.6% (20d: -22.8%) [<50MA]

Finance -3.4% 20d: -4.7%

Goldman Sachs (GS) -4.2% (20d: -7.3%) [<50MA], JPMorgan (JPM) -2.6% (20d: -2.1%) [<50MA]

Airlines -3.4% 20d: -4.2%

United (UAL) -4.1% (20d: -5.8%) [<50MA], Delta (DAL) -2.7% (20d: -2.6%) [<50MA]

Sector Deep Dive

The Data Center REITs sector stands out today, gaining 6.9% as EQIX leads with a remarkable 10.4% increase to $957.87. This sector has shown resilience with a 20-day trend up 15.9%, positioning it above the 50-day moving average. The sustained demand for data storage and management solutions continues to buoy investor sentiment, making this a focal point amid broader market volatility.

Conversely, the IT Services sector is experiencing significant strain, down 4.3% today and 17.6% over the past 20 days, indicating a bearish trend well below the 50-day moving average. Stocks like IBM suffered a notable 4.9% decline, now trading at $259.52. This ongoing weakness highlights concerns about spending cuts in technology budgets amidst a tightening economic environment.

The Enterprise Software sector remains stagnant, showing a flat performance today but down 20.7% over the last 20 days, placing it below the 50-day moving average. Even with NOW's modest gain of 2.7% to $103.29, the sector is burdened by broader industry headwinds. Investors are wary about future growth prospects as companies reassess their software investments in light of recent market trends.

The overall market breadth is concerning, with 11 sectors below their 50-day moving averages. The financial sector has not escaped this trend, with a sharp 3.4% decline today, reflecting fears of reduced consumer spending and rising interest rates. This downward pressure is indicative of a challenging environment for financial stocks, which are integral to economic stability.

Meanwhile, the Media & Entertainment sector is grappling with a 5.0% drop today, adding to a 20-day decline of 11.8%. DIS's 5.3% fall to $102.38 continues to reflect the ongoing struggles within the industry as advertisers cut back on spending. As consumer sentiment shifts, this sector may face prolonged challenges in regaining its footing.

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 Enterprise Software down -20.7% over 20 days

HIGH IT Services down -17.6% over 20 days

HIGH Cybersecurity down -13.9% over 20 days

HIGH Media & Entertainment down -11.8% over 20 days

HIGH Enterprise Software down -25.3% over 50 days

HIGH Cybersecurity down -21.3% over 50 days

HIGH Media & Entertainment down -16.2% over 50 days

HIGH 6 sectors declining >5% over 20 days: Enterprise Software, Healthcare, IT Services, Hospitality & Travel, Cybersecurity, Media & Entertainment

HIGH 4 sectors declining >10% over 50 days: Enterprise Software, IT Services, Cybersecurity, Media & Entertainment

MEDIUM MSFT down -16.6% from 20-day high

MEDIUM AMZN down -18.4% from 20-day high

Stock-Level Detail

Mag 7 (AI Spenders) Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MSFT	$400.92	-0.6%	+0.2%	-12.0%	-18.2%	BELOW	3
GOOG	$309.37	-0.6%	-4.2%	-7.1%	-2.0%	BELOW	3
NVDA	$186.94	-1.6%	+0.8%	-0.1%	+3.0%	ABOVE	1
AMZN	$199.60	-2.2%	-5.1%	-16.2%	-14.9%	BELOW	8
TSLA	$417.07	-2.6%	+1.4%	-4.9%	-2.8%	BELOW	1
META	$649.81	-2.8%	-1.8%	+4.7%	+0.5%	BELOW	3
AAPL	$261.73	-5.0%	-5.8%	+1.5%	-8.5%	BELOW	1

Chip Supply Chain Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
TSM	$368.10	-1.6%	+5.5%	+7.7%	+26.4%	ABOVE	1
QCOM	$138.47	-1.8%	+0.8%	-14.2%	-18.5%	BELOW	1
ARM	$122.19	-2.5%	-1.2%	+16.2%	-10.5%	ABOVE	2
AVGO	$331.17	-3.4%	-0.5%	-3.5%	-13.0%	BELOW	1
AMD	$205.94	-3.6%	-1.2%	-9.6%	-4.3%	BELOW	1
INTC	$46.48	-3.7%	-8.1%	-3.8%	+6.9%	ABOVE	1
MRVL	$78.23	-3.8%	-2.6%	-2.7%	-15.7%	BELOW	3

Infrastructure Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
VRT	$236.51	-4.8%	+20.9%	+37.1%	+30.7%	ABOVE	1
SMCI	$30.43	-5.0%	-11.5%	+3.4%	-7.6%	BELOW	4
HPE	$22.20	-6.8%	-6.0%	+1.1%	+1.9%	BELOW	2
DELL	$112.82	-9.1%	-6.8%	-5.3%	-16.7%	BELOW	2
CSCO	$75.00	-12.3%	-11.6%	-0.3%	-1.9%	BELOW	3

Enterprise Software Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
NOW	$103.29	+2.7%	+2.5%	-21.3%	-37.4%	BELOW	0
ADBE	$262.50	+2.1%	-2.2%	-13.7%	-18.7%	BELOW	0
CRM	$185.43	+0.2%	-3.1%	-20.6%	-20.9%	BELOW	0
PLTR	$129.13	-4.8%	-5.0%	-27.1%	-24.3%	BELOW	3

Finance Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
JPM	$302.64	-2.6%	-6.1%	-2.1%	-1.3%	BELOW	4
GS	$904.55	-4.2%	-2.6%	-7.3%	+11.0%	BELOW	2

Healthcare Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LLY	$1036.54	+2.3%	-1.9%	+0.5%	-0.9%	BELOW	0
UNH	$284.37	+2.0%	+2.8%	-16.1%	-11.8%	BELOW	0

Retail Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
WMT	$133.64	+3.8%	+1.9%	+12.1%	+19.1%	ABOVE	0
COST	$998.86	+2.1%	-0.2%	+4.4%	+8.5%	ABOVE	0

IT Services Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ACN	$222.05	-3.6%	-7.7%	-22.8%	-14.9%	BELOW	2
IBM	$259.52	-4.9%	-12.7%	-12.4%	-13.5%	BELOW	4

Airlines Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DAL	$69.31	-2.7%	-7.8%	-2.6%	+6.4%	BELOW	4
UAL	$109.30	-4.1%	-5.7%	-5.8%	+4.7%	BELOW	2

Hospitality & Travel Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MAR	$354.40	-1.0%	+6.6%	+9.0%	+16.3%	ABOVE	2
BKNG	$166.36	-3.6%	-6.7%	-19.9%	-18.9%	BELOW	1

Food & Restaurant Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MCD	$332.08	+2.7%	+1.5%	+7.6%	+10.4%	ABOVE	0
SBUX	$96.14	-2.4%	-2.7%	+3.7%	+12.8%	ABOVE	1

Logistics Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
FDX	$369.46	+0.6%	+0.1%	+18.0%	+37.4%	ABOVE	0
UPS	$116.45	-1.6%	+0.6%	+8.7%	+21.8%	ABOVE	1

Industrial Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
HON	$238.65	-1.2%	+0.6%	+11.5%	+23.6%	ABOVE	2
CAT	$758.29	-2.2%	+4.4%	+17.4%	+30.5%	ABOVE	1

Cybersecurity Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ZS	$170.90	-0.1%	+2.1%	-18.8%	-29.3%	BELOW	2
CRWD	$411.54	-1.0%	+4.1%	-9.6%	-20.3%	BELOW	1
PANW	$162.81	-1.5%	+2.2%	-13.3%	-14.3%	BELOW	3

Chip Equipment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LRCX	$231.29	-1.6%	+0.1%	+6.4%	+46.5%	ABOVE	1
ASML	$1406.87	-2.0%	-0.3%	+5.8%	+27.1%	ABOVE	1
AMAT	$327.98	-3.4%	+1.8%	+2.9%	+23.6%	ABOVE	1

Data Center REITs Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
EQIX	$952.68	+10.4%	+12.9%	+19.5%	+31.0%	ABOVE	0
DLR	$180.31	+3.3%	+5.1%	+12.3%	+16.1%	ABOVE	0

Utilities Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
SO	$91.84	+1.9%	+2.8%	+4.3%	+3.1%	ABOVE
DUK	$125.04	+0.7%	+3.5%	+6.1%	+4.5%	ABOVE
NEE	$91.31	+0.6%	+2.7%	+11.9%	+8.0%	ABOVE

Energy Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CVX	$180.63	-1.8%	+0.9%	+9.8%	+20.2%	ABOVE	1
XOM	$149.93	-3.0%	+1.3%	+16.9%	+29.9%	ABOVE	1

Defense & Aerospace Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
RTX	$200.47	+2.4%	+1.2%	+0.7%	+18.8%	ABOVE	0
LMT	$637.43	+1.4%	+2.2%	+10.3%	+44.3%	ABOVE	0
GD	$340.75	-1.6%	-5.4%	-7.2%	+1.9%	BELOW	3

Telecom Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
TMUS	$213.65	+2.5%	+8.8%	+12.6%	+1.7%	ABOVE
T	$28.80	+1.2%	+6.2%	+21.4%	+14.2%	ABOVE
VZ	$49.46	+1.0%	+6.8%	+25.7%	+23.9%	ABOVE

Media & Entertainment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
NFLX	$75.86	-4.7%	-7.7%	-13.8%	-30.6%	BELOW	2
DIS	$102.38	-5.3%	-5.8%	-9.7%	-1.7%	BELOW	2

Biotech Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
AMGN	$363.68	-0.1%	-4.7%	+11.0%	+7.5%	ABOVE	1
GILD	$151.81	-2.6%	-0.5%	+25.2%	+23.3%	ABOVE	1

Materials Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LIN	$472.86	+1.1%	+5.5%	+7.5%	+16.1%	ABOVE	0
APD	$291.50	-0.6%	+3.0%	+9.6%	+14.4%	ABOVE	1

Analog & Embedded Chips Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
TXN	$223.00	-1.6%	+0.7%	+17.9%	+27.2%	ABOVE	1
MCHP	$78.46	-2.3%	+3.8%	+6.0%	+39.2%	ABOVE	1

Key Stock Movers

Today's biggest movers by absolute percentage change: Cisco (CSCO) (Infrastructure) fell 12.3% to $75.00. Equinix (EQIX) (Data Center REITs) rose 10.4% to $952.68. Dell (DELL) (Infrastructure) fell 9.1% to $112.82. Hewlett Packard Enterprise (HPE) (Infrastructure) fell 6.8% to $22.20. Disney (DIS) (Media & Entertainment) fell 5.3% to $102.38. These individual stock movements were key drivers of their respective sector performance.

Risk and Opportunity Assessment

On the risk side, 9 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 sentiment remains bearish with alert counts rising significantly across multiple sectors, particularly in IT Services and Cybersecurity, both showing declines of over 13% in the last 20 days. With 11 sectors below their 50-day moving averages, investors should remain cautious, focusing on defensive positioning and identifying potential sector rotation opportunities. Actionable guidance would suggest seeking strength in sectors like Data Center REITs while avoiding high-risk areas like Enterprise Software.

Hypothetical Portfolio

SIMULATION

Value $103,097

P&L +3.10%

Today -1.18%

View full portfolio → Simulation only. Not investment advice.

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