Sector Attention Breadth · weekly · issue 2026-09-02 · data as of 2026-08-31
Which sectors are gaining web attention broadly, and which gains rest on a few names?
As of August 31, 2026, Real Estate recorded the highest advancing share at 55.6%, while Industrials recorded the lowest advancing share at 40.4%. Financial Services recorded an advancing share of 51.1%. On the 90-day net-breadth index, Basic Materials recorded the highest reading at 4.73, while Consumer Defensive recorded the lowest reading at 2.63.
Communication Services recorded the highest five-name share of gains at 66.9%, with contributors including GOOG, WMG, and NWS. Healthcare recorded the lowest five-name share of gains at 12.5%.
| Sector | Names | Advancing | Declining | % advancing | 90-day net-breadth index | Top-5 share of gains (%) | Top-5 names |
|---|---|---|---|---|---|---|---|
| Basic Materials | 122 | 52 | 70 | 42.6% | 4.73 | 22.9% | SVM, IPI, VHI, GPRE, AG |
| Real Estate | 72 | 40 | 32 | 55.6% | 3.71 | 31.9% | FOR, CDP, XHR, BDN, HPP |
| Healthcare | 191 | 91 | 100 | 47.6% | 3.63 | 12.5% | VCEL, SNDA, UFPT, ORMP, BEAM |
| Financial Services | 278 | 142 | 136 | 51.1% | 3.54 | 14.9% | MCY, AMG, VIRT, VCTR, WTFC |
| Utilities | 74 | 32 | 42 | 43.2% | 3.32 | 30.3% | ORA, SO, VST, DTE, CWT |
| Energy | 94 | 44 | 50 | 46.8% | 3.27 | 23.1% | ET, HAL, DQ, CLB, DK |
| Consumer Cyclical | 256 | 121 | 135 | 47.3% | 3.21 | 29.2% | AMZN, MELI, MAR, TJX, BH |
| Technology | 317 | 139 | 178 | 43.8% | 3.07 | 15.0% | TTWO, NET, NTES, AVNW, DT |
| Industrials | 280 | 113 | 167 | 40.4% | 2.98 | 15.0% | VMI, HTZ, FERG, GD, AIR |
| Communication Services | 106 | 51 | 55 | 48.1% | 2.95 | 66.9% | GOOG, WMG, NWS, CMCSA, META |
| Consumer Defensive | 102 | 51 | 51 | 50.0% | 2.63 | 26.0% | USFD, UL, LOPE, TGT, GHC |
| Name | % vs own 50-day |
|---|---|
| GOOG | 91.3% |
| AMZN | 91.3% |
| TGT | 21.4% |
| OLED | 15.8% |
| ORA | 13.6% |
| PBT | 10.8% |
| BH | 10.7% |
| KEX | 8.6% |
| TAL | 7.6% |
| AGCO | 7.5% |
| NWBO | 6.7% |
| WMG | 6.6% |
| BDN | 6.4% |
| RJET | 6.2% |
| Name | % vs own 50-day |
|---|---|
| PNBK | -3.9% |
| WFC | -4.5% |
| CXM | -5.1% |
| VRT | -5.3% |
| HTZ | -5.6% |
| CROX | -6.0% |
| GEHC | -6.5% |
| GFS | -7.0% |
| PYPL | -8.6% |
| ADBE | -8.7% |
| AMBA | -8.7% |
| TATT | -8.9% |
| MKTX | -13.0% |
| CRS | -13.2% |
| ULBI | -14.0% |
Attention sigma by sector
⡇ ⢀⣀⠤⠤⠤⠒⠒⠒⠊⠉⠉⠉⠉⠉⠉⠉⠒⠒⠤⠤⠤⣀⣀⣀⣀⡀ ⢸
⡇ ⢀⣀⣀⡠⠤⠒⠒⠉⠁ ⠈⠉⠉⠉⠒⠢⢼⠤⢄⣀⣀⡀
Consumer Defen n=109 ⠤⠤⠤⠤⠤⠤⠤⠤⠤⠤⠤⠤⠤⠤⠤⠤⠤⠤⠤⠤⠒⠒⠒⡗⠒⠒⠊⠉⠉⠁ ⢸ ⠈⠉⠑⠒⠒⠒⠒⠒⠒⠒⠒⠒⠒⠒⠒⠒⠒⠒⠒⠢⠤⠤⠤⠤⠤⠤⠤
⡇ ⣀⡠⠤⠒⠒⠒⠒⠒⠒⠒⠒⠤⠤⠤⣀⣀ ⢸
⡇ ⣀⣀⣀⠤⠤⠒⠊⠉ ⠉⠉⠉⠒⠒⠒⠤⠤⠤⠤⠤⣀⣀⣸
⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⡧⠤⠤⠔⠒⠒⠊⠉ ⢸⠉⠑⠒⠒⠢⠤⠤⠤⠤⢄⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀
Consumer Cycli n=259 ⡇ ⢸
⡇ ⣀⣀⣀⣀⣀⠤⠤⠤⠒⠒⠒⠒⠊⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠒⠒⠒⠤⠤⠤⣀⣀⣀⡀ ⢸
⣀⣀⣀⡧⠤⠤⠔⠒⠉⠉⠉ ⠈⠉⠉⠑⢺⠒⠢⠤⠤⢄⣀⣀⣀⣀⡀
Industrials n=291 ⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉ ⡇ ⢸ ⠈⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉
⡇ ⢀⣀⠤⠤⠒⠒⠒⠒⠒⠒⠒⠒⠒⠒⠒⠤⠤⠤⣀⣀⣀ ⢸
⡇ ⢀⣀⠤⠔⠒⠉⠁ ⠉⠉⠉⠉⠉⠒⠒⠒⠒⠒⠒⠒⠒⠒⠢⢼⠤⢄⣀⣀⡀
Communication n=109 ⠤⠤⠤⠤⠤⠤⠤⠤⠤⠤⠤⠤⠤⠤⠤⠤⠤⠤⠔⠒⠒⠒⠒⡏⠉⠉⠁ ⢸ ⠈⠉⠉⠉⠉⠑⠒⠒⠒⠒⠒⠒⠒⠢⠤⠤⠤⠤⠤⠤⠤⠤⠤⠤⠤⠤⠤
⡇ ⣀⣀⠤⠤⠤⠤⠤⠤⠤⠤⠤⠤⠤⣀⡀ ⢸
⡇ ⢀⣀⠤⠔⠒⠉⠉⠉ ⠈⠉⠉⠑⠒⠒⠒⠒⠒⠒⠤⠤⠤⣀⣀⣀⡀ ⢸
Basic Material n=123 ⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⡠⠤⠤⠔⠒⡗⠒⠉⠁ ⠈⠉⠉⠑⢺⠒⠒⠒⠒⠒⠒⠢⠤⠤⠤⠤⠤⠤⠤⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀
⡇ ⢀⡠⠤⠒⠒⠒⠤⠤⠤⠤⠤⣀⣀⣀ ⢸
⡇ ⣀⡠⠤⠒⠊⠁ ⠉⠉⠉⠒⠒⠒⠢⠤⣀⡀ ⢸
⣀⣀⣀⡧⠤⠤⠔⠒⠒⠊⠉ ⠈⠉⠒⠢⠤⠤⠤⣀⣀⣸⣀⡀
Financial Serv n=281 ⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉ ⡇ ⢸ ⠈⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉⠉
⡇ ⢀⣀⠤⠔⠒⠉⠉⠉⠉⠉⠉⠉⠉⠒⠒⠒⠢⠤⠤⢄⣀ ⢸
⣀⣀⣀⡧⠤⠒⠒⠒⠉⠁ ⠉⠉⠉⠒⠒⠒⠒⠒⠤⠤⠤⠤⢄⣀⣀⣀ ⢸
Healthcare n=199 ⠤⠤⠤⠤⠤⠤⠤⠤⠤⠤⠤⠤⠒⠒⠒⠒⠒⠉⠉⠉ ⡇ ⠉⠉⢹⠉⠉⠉⠉⠉⠉⠑⠒⠒⠒⠒⠒⠒⠒⠒⠒⠒⠒⠒⠤⠤⠤⠤⠤⠤⠤⠤⠤⠤⠤⠤
⡇ ⢀⡠⠤⠒⠒⠉⠉⠉⠉⠉⠉⠒⠢⠤⠤⠤⣀⣀⣀ ⢸
⡇ ⢀⣀⠤⠔⠊⠁ ⠉⠑⠒⠒⠒⠤⢄⣀ ⢸
Technology n=318 ⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⡠⠤⠤⠤⠒⠒⠒⠒⠒⠒⡏⠉⠉⠁ ⠉⠑⠒⠒⠒⠒⠒⠒⠒⠒⢺⠤⠤⠤⠤⠤⠤⢄⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀⣀
-4.0 -2.0 0 2.0 4.0
sigma
1689 names · sigma vs each name's own trailing year · red/green verticals = ±2σ tails · ordered by meanThis week's attention gains are narrow rather than broad, with several sectors' advances carried by a handful of names, and that concentration should ease as the news spikes behind it age. Communication Services shows the extreme, a 66.9% five-name share of gains on just 48.1% advancing and a 90-day net-breadth index of 2.95, near the bottom of the table; Real Estate (31.9%) and Utilities (30.3%) sit in the same narrow camp. Genuine participation is elsewhere: Real Estate leads on advancing share at 55.6% and Basic Materials on the index at 4.73. We expect at most two sectors to print a Top-5 share of gains above 30% in the next issue.
We read the latest attention profile as evidence of persistent skew within Communication Services. Communication Services recorded a Top-5 share of gains of 66.9%, well above Real Estate at 31.9%. Communication Services maintains an elevated top-five share of attention gains. Communication Services will record a Top-5 share of gains of at least 31.9% in the next issue.
Communication Services' attention advance is a two-name headline event rather than a sector re-engagement. Its top-5 share of gains is 66.9%, with GOOG running 91.3% above its own 50-day trend, while Healthcare (12.5%) and Financial Services (14.9%) show gains spread across many names. We read this as the crowd chasing one story, not re-rating the group; elsewhere participation is genuinely broad, with Real Estate at 55.6% advancing. Event-driven spikes roll out of the seven-day window quickly, so Communication Services' top-5 share of gains falls below 50% in the next issue.
Attention breadth counts participation: on each session, how many names in a sector saw their attention value rise versus fall against the previous session, summed over a 90-day window into a net-breadth index per sector. It is computed on attention levels, never on the within-day value gap (a gap-based advance/decline splits half and half by construction). The ridge shows, for the eight largest sectors, the distribution of every name's attention sigma against its own trailing year, with the tails named, so a sector-level move can be read as broad or as a handful of outliers. Its per-sector n is not the breadth table's n: the ridge counts names with a full trailing year of sigma, while the breadth table counts names with a reading in the latest session across every group, so the two count different populations and neither is a subset of the other. Groups under 20 names, the unclassified residual and the crypto bucket (an asset class, not a sector) are excluded from the breadth table and from the headline; they remain in the sector-sigma ridge only if it draws them. The two crossover tables list the week's names moving above or below their own 50-day attention trend.
Breadth describes who is participating in attention gains. It is not a valuation, a timing signal, or a return forecast; regime-return claims on attention breadth failed placebo tests in our own research and are not made here.
The Top-5 share of gains column answers the question's second half directly: for each sector, the share of the week's summed positive day-over-day log change in attention value that its five largest contributors carried, equal-weighted per name so a mega-cap's move counts the same as a small cap's equal percentage move, with share classes of one company counted once. A high share means the advance rests on a few names; a low share means it was broad. Sector is each name's current label applied to its whole history, so a name reclassified later is counted under its new sector throughout.