Communications stocks surge. We’re buying a leader.
By Steve Strazza
April 25, 2026
Welcome back for another Top Down Trade of the Week.
This is a classic leadership scan.
We start with the best sectors, then drill into the subgroups. We pick one, and then take a look at the top stocks in it.
This week’s standout is Technology, which just replaced Materials for the top spot on our leaderboard.
As tech has taken center stage during the recent bull run, when we drill in, it’s clear that strength is being driven by all the right areas.
In other words, current leadership is risk-on… and therefore, supportive of the bullish price action in the broader market.
When the offense is on the field, you call offensive plays. Tech leading the charge is evidence of a healthy bull market, and something we want to lean into.
This is our overall industry rankings, showing Communications Equipment moving up 5 spots to sit right behind semiconductors in second place.
Here are the Top 10 names in the Communications Equipment subsector, ranked by relative strength.
