Sector RS Rank Nov 3: Crypto Stocks Lead, Homebuilders Fall
Contents
💡 Today’s US market in three lines
① Today’s three stocks: Fiserv · Neurocrine Biosciences · Sirius XM
② What rose today: crypto stocks, solar, semiconductors
③ What pulled back: homebuilders, food and beverage, copper
Today’s Sector Relative Strength (RS)
- US voters went to the polls on Tuesday, and chip stocks led a modest rebound. The Nasdaq rose +0.83% to 25,372.01. The S&P 500 added +0.36% to 7,568.92 and ended a three-session slide. The Dow slipped -0.38% to 51,786.72, with Apple down -1.90%. AMD gained +3.65%, Broadcom +3.07%, and Microsoft +2.74%. Oracle jumped +5.85%. WTI crude edged up +0.44% to $96.88. The 10-year Treasury yield rose to 4.95% from 4.89%, and the VIX eased to 20.83.
- Of the 129 ETFs in our universe, 67 closed higher and 62 fell. Technology (XLK) led the 11 sectors at +1.31%. Consumer staples (XLP) was last at -2.07%. Only four sectors rose, and seven fell. The equal-weight S&P 500 (RSP) lost -0.33%, so the index gain came from a narrow group of large tech names.
Today’s Leading Sectors TOP 5
| ETF | 1-Day | RS Rank 1M | Short-Term | Mid-Term | Long-Term |
|---|---|---|---|---|---|
| Utilities Select Sector SPDR (XLU) | -0.57% | 99 | 🔺 | 🔺 | 🔽 |
| Virtus Reaves Utilities (UTES) | +0.83% | 99 | 🔺 | 🔺 | 🔽 |
| iShares U.S. Insurance (IAK) | -0.90% | 98 | 🔺 | 🔺 | 🔺 |
| iShares U.S. Medical Devices (IHI) | -0.14% | 97 | 🔺 | 🔺 | 🔺 |
| Consumer Staples Select Sector SPDR (XLP) | -2.07% | 96 | 🔺 | 🔺 | 🔺 |
- Defensive funds still hold the top of the table. Four of the five fell on the day, but their ranks barely moved. Retail (XRT) dropped out at 93. Home construction (ITB) fell from 96 to 82 in the sheet, one session after it led. UTES and medical devices (IHI) took the open spots.
Why They’re Strong — Sector Issues
· Blockchain (BKCH) — Up +8.53%, sheet RS rank 0. Bitcoin rose about +1.6%, but the miners moved far more. Riot Platforms rose +18.41%, Hut 8 +15.90%, and Galaxy Digital +15.35%. Reports tied the move to US regulators clearing equity perpetual futures. Riot sold off on Monday, so part of this was a bounce.
· Solar (TAN) — Up +3.02%, sheet RS rank 63. Array Technologies jumped +22.11%, Shoals +11.45%, and Enphase Energy +8.92%. No single report explained the move. Array reports on November 5.
· Semiconductors (SOXX) — Up +2.50%, sheet RS rank 10. Monolithic Power rose +6.78%, MACOM +5.99%, and AMD +3.65% ahead of its report after the close. The rank is still near the bottom. One day of buying does not change that.
· AI power infrastructure (AIPO) — Up +4.25%, sheet RS rank 22. GE Vernova rose +6.49%, Quanta Services +5.77%, and Vertiv +5.23%. The fund is still below its 1-month, 1-quarter, and 1-year averages.
What Changed From Yesterday
- Aerospace and defense (ITA) posted the biggest one-day rank gain, 69 to 81. Solar (TAN) climbed from 46 to 58, and wind energy (FAN) from 49 to 60.
- E-commerce (EBIZ) lost the most, 81 to 69. Materials (XLB) slipped from 95 to 86, and natural gas producers (FCG) from 81 to 72. Oil (USO) jumped from 83 to 98, but about three quarters of that came from a weak day a month ago leaving the window, so it is left off the chart. Monday’s report named homebuilders as a leader. Home construction (ITB) then fell -3.56%, so that call did not hold for even one session.
1-Month RS Trend
- Solar (TAN) rose from 2 to 58 over the window. Home construction (ITB) went from 17 to 95, and consumer staples (XLP) from 51 to 97. Semiconductors (SOXX) slid from 37 to 5 after peaking at 100. Blockchain (BLOK) fell from 40 to 15.
RS Breakdown Warnings
- iShares cybersecurity (IHAK) fell from 99 to 62, the deepest drop. Cloud (WCLD) and four energy funds joined it: oil services, explorers, gas producers, and oil equipment. Copper (CPER) and telemedicine (HEAL) are on the list too. Two funds were dropped because the sheet disagreed, and five because Tuesday’s price moved the other way.
RS Rebound Signals
- Aerospace and defense (XAR) jumped from 36 to 65, the strongest rebound. Pharmaceuticals (XPH) and wind energy (FAN) also qualified. Four other funds were dropped because Tuesday’s price moved the other way, airlines (JETS) among them.
Today’s Top Rising Sectors TOP 5 (by 1-day %)
| ETF | 1-Day | RS Rank 1M | Short-Term | Mid-Term | Long-Term |
|---|---|---|---|---|---|
| Global X Blockchain (BKCH) | +8.53% | 0 | 🔽 | 🔽 | 🔽 |
| VanEck Digital Transformation (DAPP) | +7.95% | 2 | 🔽 | 🔽 | 🔽 |
| VanEck Onchain Economy (NODE) | +7.10% | 5 | 🔽 | 🔽 | 🔽 |
| Roundhill Meme Stocks (MEME) | +5.33% | 1 | 🔽 | 🔽 | 🔽 |
| Defiance AI Power Infrastructure (AIPO) | +4.25% | 22 | 🔽 | 🔽 | 🔽 |
Why They Rose
- All five sit in the bottom quarter of the sheet and below every average. This was a bounce in beaten-down funds, not a new trend. On the other side, home construction (ITB) -3.56%, homebuilders (XHB) -2.49%, food and beverage (PBJ) -2.46%, and copper (CPER) -2.18% led the decliners. Yields rose, and rate-sensitive groups gave back part of Monday’s gains.
Leading Sectors: Utilities, Insurance, Medical Devices
- ① Utilities (XLU) and UTES both rank 99. They held the top even with a mixed day.
- ② Insurance (IAK) ranks 98 and is above every average. It fell -0.90% but kept its place.
- ③ Medical devices (IHI) rank 97, up from 93. The fund was nearly flat on Tuesday.
- ④ The last report covered the November 2 close. Its three picks from that close to Tuesday’s: Mohawk Industries -2.17%, Masco -1.59%, and Royal Caribbean -2.46%, against +0.36% for the S&P 500. All three lagged. Masco closed at $82.18, below the $82.77 level the report flagged. Mohawk and Royal Caribbean stayed above their marks. Recorded as is.
Today’s Three Stocks — Fiserv · Neurocrine Biosciences · Sirius XM Stock Forecast
- Twenty-three stocks passed the four-part filter. The day’s leading funds placed none of their holdings on the list, so these three were picked for fresh earnings news.
Fiserv (FISV) — Payments Processor Stock Forecast
| Stock | RS 1D | RS 5D | RS 1M | 1M Return | Held By |
|---|---|---|---|---|---|
| Fiserv (FISV) | 99 | 99 | 98 | +26.6% | Global X FinTech 4.9% |
- Closed at $58.40, +12.46%. Fiserv runs payment and banking software for merchants and banks. It reported third-quarter results before the open on Tuesday. The Fiserv stock forecast now rests on cost cuts more than growth. Adjusted EPS was $1.75, down -14% from $2.04 a year ago. Fiserv doubled its cost-savings target to $1 billion and plans $500 million in buybacks this quarter. It kept its full-year adjusted EPS guidance of $7.20 to $7.40.
Neurocrine Biosciences (NBIX) — Neurology Drugmaker Stock Forecast
| Stock | RS 1D | RS 5D | RS 1M | 1M Return | Held By |
|---|---|---|---|---|---|
| Neurocrine Biosciences (NBIX) | 99 | 97 | 87 | +14.3% | SPDR S&P Biotech 1.4% · iShares Biotechnology 1.0% |
- Closed at $164.85, +13.42%. Neurocrine sells Ingrezza for movement disorders. It reported after the close on Monday. The Neurocrine Biosciences stock forecast hinges on Ingrezza. Revenue rose +41% to about $1.12 billion. Ingrezza brought in $801 million. The company raised its full-year Ingrezza guidance to $2.9 billion to $2.925 billion. GAAP EPS was $1.96, below $2.04 a year earlier, mostly due to a loss on investments.
Sirius XM (SIRI) — Satellite Radio Stock Forecast
| Stock | RS 1D | RS 5D | RS 1M | 1M Return | Held By |
|---|---|---|---|---|---|
| Sirius XM (SIRI) | 92 | 97 | 92 | +17.1% | Procure Space 5.1% |
- Closed at $30.80, +4.16%. Sirius XM runs satellite radio and the Pandora app. It reported on October 29 and has risen in every session since. The Sirius XM stock forecast leans on cash flow. Revenue slipped slightly to $2.15 billion. Net income rose about +7% to $317 million. The company raised its full-year revenue, adjusted EBITDA, and free cash flow guidance by $25 million each.
Fiserv · Neurocrine Biosciences · Sirius XM Stock Forecast Checkpoints
· Fiserv stock forecast — The stock gapped up from Monday’s close of $51.93. Watch whether it holds above $51.93. The 20-day average sits lower at $48.38.
· Neurocrine Biosciences stock forecast — The July 30 high close of $185.50 is still above. Watch whether it holds above $145.35, the close before the report.
· Sirius XM stock forecast — The July 29 high close of $32.59 is the next level. Watch whether it stays above $28.67, the report-day close.
What to Watch on Next Week’s Calendar
- 🔴 October jobs report, Friday, November 6, 8:30 a.m. ET · ADP private payrolls, Wednesday, November 4, 8:15 a.m. ET
- The 10-year yield rose to 4.95%, and homebuilders fell hardest. A hot jobs number could push yields higher still.
- Qualcomm and Arm results, Wednesday, November 4, 4:00 p.m. ET · Lumentum results, Thursday, November 5, 4:00 p.m. ET
- Semiconductors (SOXX) bounced, but the fund ranks only 10. Chip results will show whether the rebound can last.
- 🔴 Anthropic’s planned Nasdaq IPO, roadshow expected the week of November 9
- AI names drove Tuesday’s index gain. A large AI listing could pull money toward the group, or away from existing tech stocks.
- 🟡 Possible US decision on renewed Iran strikes after the vote · ConocoPhillips results, Thursday, November 5, 8:00 a.m. ET · Devon Energy results, Thursday, November 5, 4:00 p.m. ET
- Four energy funds sit on the breakdown list. Any news on Iran could move oil quickly, and producer results land in the same week.
