INSTAT B US Markets Daily Pulse Report, including Canadian & Latin American companies traded today on NYSE/Nasdaq, February 10, 2026
Sector Rotation Drives Selective Gains as Capital Flows into Cyclicals and Yield-Sensitive Areas
Executive Summary:
The February 10, 2026, session exhibited a selective risk-on tone, characterized by pronounced capital rotation rather than broad-based selling. Materials, Utilities, and Real Estate emerged as clear leaders, posting strong daily and weekly gains supported by high INSTAT momentum scores. Conversely, Health Care and Consumer Staples faced sustained distribution, with negative momentum indicating continued pressure.
Beneath the sector surface, individual stock dispersion was high. Leadership was concentrated in cyclical industrials (3M, Deere), tech hardware, energy refiners, and select real estate names. Significant weakness persisted in healthcare stocks, software, and fintech.
Canadian equities trading in the U.S. outperformed, with robust flows into railways and banks signaling a classic value rotation. Latin American flows were mixed; Mexico showed high breadth despite flat prices, while South America was softer, though with pockets of strength in Brazilian stalwarts like Petrobras.
Overall, the market remains constructive but choppy, with capital actively rotating into cyclical and defensive yield plays while exiting areas of broken momentum.
Data Group 1: Analysis of Capital Flows Between Sectors
Overview
Today’s session reinforced a selective risk-on tone, with Materials, Utilities, and Real Estate leading the charge while Health Care and Consumer Discretionary lagged. The GICS sector slice shows a positive 1-week breadth (mean 1W +1.67%) despite a muted 1-day flatline (mean 1D +0.31%). The standout feature is the rotation into cyclical and yield-sensitive areas; Materials posted a solid +1.4% daily gain on top of a +4.4% weekly surge, supported by a very high mean INSTAT of 70.8. Utilities followed suit (+1.2% 1D), extending their defensive leadership.
Conversely, Health Care and Consumer Staples faced distribution. Health Care was the weakest link (mean 1D -0.2%, 1W -0.9%), with negative mean INSTAT (-11.3) signaling broken momentum. Financials and Tech were essentially flat, pausing after recent moves. The divergence between the “haves” (Materials, Utilities) and “have-nots” (Health Care, Staples) suggests capital is rotating rather than fleeing, keeping the broader tape constructive but choppy.
Leader/Laggard Summary
Pro-risk cyclical leadership: Materials (XLB) and Real Estate (XLRE) are clear leaders, showing strong 1D/1W alignment and high INSTAT scores.
Defensive bid: Utilities (XLU) continue to attract flows, acting as a safe haven amidst the chop.
Correction phase: Health Care (XLV) and Consumer Staples (XLP) remain under pressure, with negative short-term momentum and poor INSTAT support.
Key Anomalies
Extended Leaders:
Materials (XLB): Strongly Bullish – INSTAT 98 with strong 1D (+1.4%) and 1W (+4.4%); momentum is powerful but approaching overbought territory.
Real Estate (XLRE): Strongly Bullish – INSTAT 97 with +1.4% 1D and +5.0% 1W; breakout extension in progress.
Energy (XLE): Strongly Bullish – INSTAT 96; flat today but holding a +3.7% 1W gain.
Deep Laggards:
Consumer Discretionary (XLY): Bearish/Repair – INSTAT -44; struggling to find a floor despite a +0.6% bounce today.
Data Group 2: Analysis of Capital Flows Within Sectors
Overview
Beneath the sector surface, individual stock dispersion is high. In Materials, the bid is broad-based, with names like PPG Industries and Ecolab extending breakouts. Industrials saw strength in 3M and Deere, masking weakness in defense names like RTX. Energy remains a story of specific winners (Marathon Petroleum, TechnipFMC) versus natural gas laggards (Comstock, Range Resources).
Technology and Communications show significant bifurcation. While hardware/semis like Dell and Microchip Tech are extending rallies, software names like Salesforce and Adobe remain in the penalty box with deeply negative INSTAT scores. Health Care is riddled with “falling knives,” led by steep drops in Molina and DexCom. Real Estate is firing on all cylinders, with Ventas and Iron Mountain hitting new highs, though some mortgage REITs remain distressed.
Leader/Laggard Summary
Clear Leaders:
Industrials: 3M (MMM) and Deere (DE) – strong cyclical buying.
Tech Hardware: Dell (DELL) and Microchip (MCHP) – solid momentum.
Energy Refiners/Services: Marathon Petroleum (MPC) and TechnipFMC (FTI).
Real Estate: Ventas (VTR) and Iron Mountain (IRM).
Clear Laggards:
Health Care: Molina (MOH), DexCom (DXCM), and Hims & Hers (HIMS) – persistent distribution.
Software: Intuit (INTU) and Salesforce (CRM) – dead money for now.
Fintech: Coinbase (COIN) and Nasdaq (NDAQ) – breaking down short-term.
Key Anomalies
Extended Leaders:
Marathon Petroleum (Energy, MPC): Strongly Bullish – INSTAT 100, +8.8% 1W; extended run.
Green Plains (Materials, GPRE): Strongly Bullish – INSTAT 90, +3.3% 1D, +19.6% 1W; massive short-term spike.
UDR Inc (Real Estate, UDR): Strongly Bullish – INSTAT 80, +4.2% 1D; accelerated buying.
Clear Channel (Comms, CCO): Speculative Buy – +7.8% 1D, +9.3% 1W; aggressive volume move.
Deep Laggards:
Molina Healthcare (Healthcare, MOH): Deep Distress – INSTAT -100, -30.9% 1W; crash mode.
Hims & Hers (Healthcare, HIMS): Deep Distress – INSTAT -100, -10.8% 1D, -32.5% 1W; falling knife.
Coinbase (Financial, COIN): Bearish – INSTAT -100, -2.8% 1D, -9.5% 1W; crypto-linked weakness.
Contrarian Watch:
No major signals today; most weak names have weak IN/INSTAT, confirming the downtrends.
Data Group 3: Analysis of Capital Flows in Canada
Overview
Canadian equities trading in the US displayed a robust tone, outperforming the broader US market with a mean INSTAT of 71.4. The flows were heavily concentrated in Railways (CP, CNI) and Banks (BMO), signaling a classic “risk-on” value rotation. The mean 1W return of +3.5% is impressive, driven by strong bids in large-cap infrastructure and financials.
Laggards were sparse but notable in the tech/growth space, with names like Celestica and CGI showing relative weakness. However, the overall breadth is healthy, with Energy names like Imperial Oil also participating in the rally.
Leader/Laggard Summary
Pro-risk cyclical leadership: Canadian Pacific (CP), CN Rail (CNI), and BMO led the charge.
Commodity strength: Agnico Eagle (AEM) and Imperial Oil (IMO) saw solid inflows.
Growth lag: Celestica (CLS) and CGI (GIB) were left behind.
Key Anomalies
Extended Leaders:
Canadian Pacific (Canada, CP): Strongly Bullish – INSTAT 100, +2.4% 1D, +8.5% 1W; breakout acceleration.
CN Rail (Canada, CNI): Strongly Bullish – INSTAT 87, +2.6% 1D, +9.9% 1W; powerful trend confirmation.
Agnico Eagle (Canada, AEM): Bullish – INSTAT 98, +1.0% 1D, +7.4% 1W; precious metals strength.
Deep Laggards:
Celestica (Canada, CLS): Bearish – INSTAT -31, -6.7% 1D; sharp reversal against the group trend.
Data Group 4: Analysis of Capital Flows in Mexico and South America
Overview
Latin American flows were mixed. Mexico shows extremely high INSTAT readings (mean 92.3) but flat/negative price action (mean 1D -0.09%), suggesting a potential divergence where breadth remains high despite price consolidation. Airport operators (ASR, PAC) held up well, while Walmart de Mexico struggled.
South America was softer (mean 1D -0.4%), weighed down by weakness in airlines (LATAM) and regional energy/consumer names (Ecopetrol, MercadoLibre). However, Brazilian stalwarts like Petrobras (PBR) and Sabesp (SBS) bucked the trend with strong INSTAT scores, providing pockets of strength in a mostly choppy region.
Leader/Laggard Summary
Mexico Leaders: Airport stocks (ASR, PAC) remain the go-to defensive growth plays.
South America Leaders: Brazil plays Petrobras (PBR) and Sabesp (SBS) attracted capital.
Regional Laggards: LATAM Airlines (LTM) and MercadoLibre (MELI) faced selling pressure.
Key Anomalies
Extended Leaders:
Walmart de Mexico (Mexico, WMMVF): Anomaly – INSTAT 100 despite -2.2% 1D and -2.9% 1W; divergence suggests INSTAT might be lagging price or flagging a contrarian “oversold” buy in a strong trend.
Deep Laggards:
LATAM Airlines (South America, LTM): Bearish – INSTAT -28, -5.7% 1D, -9.7% 1W; accelerating downtrend.
MercadoLibre (South America, MELI): Bearish – INSTAT -60, -3.6% 1W; continuing to drift lower.