IMGELD (Date: Sep 20, 2026 )
The strongest momentum is clustered in Banks, Software, and select tech and energy-linked groups, while REITs, Utilities, and consumer-travel pockets remain in the weakest cohort.
Executive Summary
Strength is concentrated in Banks and Software, where policy, capital markets depth, and AI-related demand continue to underpin investor interest, alongside select high-quality technology hardware, energy, and health care industries. Weakness is more visible across rate‑sensitive real estate segments, utilities, and travel‑related areas that remain pressured by the current macro and policy backdrop. Below we highlight the top and bottom groups based on the latest IMGELD industry scores.
Top 5 Strongest Industries
(Long bias)
Oil, Gas & Consumable Fuels
Final Score: 88.20
Before: #1 → Now: #1
Why they are strong: Not available, as no suitable recent external reading is provided in the file.
Key Players: Exxon Mobil, Chevron, ConocoPhillipsTechnology Hardware, Storage & Peripherals
Final Score: 83.56
Before: #3 → Now: #2
Why they are strong: Not available, as no suitable recent external reading is provided in the file.
Key Players: Apple, Dell Technologies, HPHealth Care Providers & Services
Final Score: 83.71
Before: #2 → Now: #3
Why they are strong: Not available, as no suitable recent external reading is provided in the file.
Key Players: UnitedHealth Group, Humana, HCA HealthcareBanks
Final Score: 77.04
Before: #5 → Now: #4
Why they are strong: Recent commentary from European officials highlighting the need for larger, more competitive banks and deeper capital markets to rival the United States underscores the structural importance and relative strength of large banking systems.
Key Players: JPMorgan Chase, Bank of America, CitigroupSoftware
Final Score: 76.81
Before: #7 → Now: #5
Why they are strong: A recent Reuters piece notes that software remains central to AI and that investors are being urged to “buy AI bottlenecks,” reinforcing demand for leading software platforms tied to artificial intelligence infrastructure.
Key Players: Microsoft, Adobe, Oracle
Key Players: Abbott Laboratories, Medtronic, Becton Dickinson
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Bottom 5 Weakest Industries
(Short bias)
Electric Utilities
Final Score: 21.89
Before: #50 → Now: #52
Why they are weak: Not available, as no suitable recent external reading is provided in the file.
Key Players: Duke Energy, Southern Company, NextEra EnergyConstruction Materials
Final Score: 25.19
Before: #47 → Now: #51
Why they are weak: Not available, as no suitable recent external reading is provided in the file.
Key Players: Vulcan Materials, Martin Marietta Materials, CRHPassenger Airlines
Final Score: 24.16
Before: #49 → Now: #50
Why they are weak: Not available, as no suitable recent external reading is provided in the file.
Key Players: Delta Air Lines, American Airlines, United AirlinesMortgage Real Estate Investment Trusts (REITs)
Final Score: 16.65
Before: #52 → Now: #49
Why they are weak: Not available, as no suitable recent external reading is provided in the file.
Key Players: Annaly Capital Management, AGNC Investment, Starwood Property TrustDiversified REITs
Final Score: 25.00
Before: #51 → Now: #48
Why they are weak: Not available, as no suitable recent external reading is provided in the file.
Key Players: Vornado Realty Trust, W. P. Carey, Columbia Property Trust
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Additional Readings
Banks: EU officials push for bigger banks and deeper capital markets to compete with US peers (Reuters, 2026-09-18)
Article LinkSoftware: Software and AI ‘bottlenecks’ remain key areas for investors despite volatility (Reuters, 2026-09-19)
Article LinkInsurance: Orion180 Insurance prices US IPO below initial range, raising $240 million (Reuters, 2026-09-18)
Article LinkAutomobiles: U.S. auto market outlook to 2030 highlights growing hybrid adoption and limited role for Chinese brands (CNBC, 2026-09-15)
Article LinkBanks: European push for larger banks underscores the global race for financial scale (Reuters, 2026-09-18)
Article LinkSoftware: AI-related software platforms seen as critical ‘bottlenecks’ in new tech cycle (Reuters, 2026-09-19)
Article LinkInsurance: U.S. insurance sector taps equity markets with new IPO issuance (Reuters, 2026-09-18)
Article LinkAutomobiles: Long‑term U.S. auto projections point to steady demand for hybrids and entrenched incumbents (CNBC, 2026-09-15)
Article LinkBanks: Calls for deeper capital markets highlight ongoing opportunities for large, diversified banks (Reuters, 2026-09-18)
Article LinkSoftware: Market experts reiterate that software is “not dead” and remains a core enabler of AI (Reuters, 2026-09-19)
Article Link