Banks, chips and metals lead as software and health services lag in a polarized U.S. market tape
Momentum clusters in financials, semis and hard assets, while rate‑sensitive property and health care services remain under pressure
IMGELD Executive Summary Date: Feb 11, 2026
Banks, Semiconductors & Semiconductor Equipment and Metals & Mining sit at the top of today’s rankings, while Software, Health Care Providers & Services and Leisure Products are among the weakest areas. Strength is concentrated in rate‑sensitive financials benefiting from global flows, manufacturing‑heavy technology and resource sectors tied to metals, with notable softness across software, health care services and consumer leisure niches. Media and Building Products also screen as relatively firm, whereas some REIT segments and commercial services areas remain structurally challenged.
Top 5 Strongest Industries
(Long bias)
Banks
Final Score: 89.58
Before: #3 → Now: #1
Why they are strong: Large banks are benefiting from shifting global fixed‑income flows as Chinese authorities urge domestic institutions to curb exposure to U.S. Treasuries, which supports margins and trading activity in the sector.
Key Players: JPMorgan Chase, Bank of America, CitigroupSemiconductors & Semiconductor Equipment
Final Score: 93.31
Before: #1 → Now: #2
Why they are strong: Semiconductor stocks remain in focus as investors continue to rotate out of expensive megacap tech into other parts of the market, with chips still viewed as central to AI and high‑performance computing demand.
Key Players: Nvidia, Intel, ASMLMetals & Mining
Final Score: 94.79
Before: #4 → Now: #3
Why they are strong: Mining names are supported by precious metals strength, with silver‑linked equities jumping as the metal holds above a key price milestone and drives renewed interest in the space.
Key Players: Freeport‑McMoRan, Newmont, Southern CopperBuilding Products
Final Score: 61.51
Before: #10 → Now: #4
Why they are strong: Building materials and products are drawing interest as global majors highlight U.S. housing shortages and position to supply construction solutions into an undersupplied market.
Key Players: Owens Corning, Lennar, Martin Marietta MaterialsMedia
Final Score: 61.90
Before: #9 → Now: #5
Why they are strong: Media‑linked products have gained attention as new Trump‑branded media ETFs test the strength of political brand power in a large and crowded fund market, bringing flows and volatility to the group.
Key Players: Fox, Paramount Global, The New York Times Company
Get the Industry Heat Map — delivered by email only.
Bottom 5 Weakest Industries
(Short bias)
Commercial Services & Supplies
Final Score: 48.15
Before: #46 → Now: #52
Why they are weak: Parts of the commercial services industry face pressure as investors grow more concerned that AI and automation could replace a meaningful share of routine white‑collar work.
Key Players: Waste Management, Cintas, Republic ServicesLeisure Products
Final Score: 44.96
Before: #49 → Now: #53
Why they are weak: Leisure names are struggling as broader consumer‑facing segments show uneven demand and investors focus more on essential and services sectors than discretionary goods.
Key Players: Hasbro, Mattel, BrunswickSoftware
Final Score: 33.96
Before: #55 → Now: #54
Why they are weak: Software and related credit exposures are under pressure after a major bank warned that an AI‑driven software selloff could pose risks to a large slice of the U.S. credit market, souring sentiment on the group.
Key Players: Microsoft, Adobe, SalesforceHealth Care Providers & Services
Final Score: 34.84
Before: #54 → Now: #55
Why they are weak: Health care service providers remain out of favor as investors focus more on innovative biotech and device‑driven opportunities that are seen as better positioned in the current policy and reimbursement backdrop.
Key Players: UnitedHealth Group, CVS Health, Elevance HealthHealth Care Technology
Final Score: 33.03
Before: #56 → Now: #56
Why they are weak: Health care technology screens weak as investors digest research showing AI can already automate a sizable share of U.S. work, raising questions about business models that simply digitize, rather than transform, clinical workflows.
Key Players: Teladoc Health, Cerner (Oracle Health), Veeva Systems
Subscribe to get the stocks behind these industries.
Additional Readings
Banks: China urges domestic banks to reduce exposure to U.S. Treasuries, reshaping global fixed‑income flows (Bloomberg, 2026-02-09)
Article LinkSemiconductors & Semiconductor Equipment: Investors rotate from megacap tech toward cheaper industrial and manufacturing names (Reuters, 2026-02-08)
Article LinkMetals & Mining: Silver mining stocks jump as metal holds above $90 milestone (CNBC, 2026-01-14)
Article LinkBuilding Products: French construction giant outlines strategy to help solve U.S. housing shortage with new building solutions (CNBC, 2026-02-10)
Article LinkMedia: Trump Media ETFs test political brand power in crowded $14 trillion U.S. fund market (Bloomberg, 2026-01-15)
Article LinkCommercial Services & Supplies / Health Care Technology / Professional Services: MIT study finds AI can already replace 11.7% of U.S. workforce (CNBC, 2025-11-26)
Article LinkSoftware: AI‑led software selloff may pose risk for $1.5 trillion U.S. credit market, says Morgan Stanley (Reuters, 2026-02-10)
Article LinkHealth Care Equipment & Supplies: Medline soars 41% in Nasdaq debut after 2025’s biggest IPO (Reuters, 2025-12-17)
Article LinkBiotechnology: Making U.S. biotech more competitive with China’s could help rare disease patients, experts say (CNBC, 2026-01-16)
Article LinkEnergy Equipment & Services: Stock picker highlights select energy names as top performers in model portfolio (CNBC, 2026-01-08)
Article Link