APA Corp. is the holding company for Apache Corp., an E&P company with operations in the United States, Egypt, and the UK. It holds a majority interest in Altus Midstream Co., which, through its consolidated subsidiaries, operates gathering, processing, and transmission assets in West Texas and holds equity ownership in four Permian-to-Gulf Coast pipelines. The company is a component of the S&P 500 and has approximately 2,270 employees.

Last week, we noted that 'one-week insider-sentiment sector data...suddenly suggests caution.' We added '...if an investor is starting to feel that some degree of defensiveness is needed, we'll say that corporate insiders apparently are starting to agree.' And by the end of the week, there was indeed some growing concern that high-flying IT, AI-related, and chip-related stocks might need a timeout. This week, the insider-sentiment data from Vickers Stock Research continues to suggest some degree of caution. We aren't claiming that a correction is imminent, but do believe stocks are vulnerable after the recent big push higher. On a scale where readings above 6.00 are bearish, Vickers' current NYSE One-Week Sell/Buy Ratio is 7.94, up from 5.70 last week; Vickers' Nasdaq One-Week Sell/Buy Ratio is 5.19, up from 4.43 last week; and Vickers' Total One-Week Sell/Buy Ratio is 6.14, up from 4.81 last week. Digging deeper on Vickers' current sector sentiment data, we note that five sectors sport a bullish one-week ratio, four are neutral, and two are bearish (Materials and Information Technology). Of the bearish, the Information Technology ratio has skyrocketed into solidly bearish territory, with a reading of 30.1 compared to 6.8 last week. While that remains below the extreme reading of 173.0 that the sector saw in late April, the consistency of bearish one-week readings for the sector have resulted in an Eight-Week Sell/Buy ratio of 9.2. That makes Information Technology the only sector to record a long-term bearish reading. Still, bright spots remain across the landscape, with bullish One-Week and Eight-Week Sell/Buy readings coming in from the Consumer Staples, Energy, Financial, Healthcare, and Real Estate sectors. This week, analysts at Vickers highlighted insider transactions of interest at Nvidia Corp (NGS: NVDA) and Qorvo Inc. (NGS: QRVO).

To date, 2026 has been a volatile year for stocks. The major indices started the year by moving higher, but that changed with the onset of the war with Iran on February 28. As oil prices began to climb rapidly, stock prices fell inversely. The Mag7 were out, but now seem to be back in (or at least most of them). AI was in and remains in. Of note, this is President Trump's second year in office, and typically, the second year of a presidency is weak for stocks. Meanwhile, inflation is slowly-and-steadily inching higher again and interest rates haven't budged since the Federal Reserve's last rate cut in December. In 1Q26, the S&P 500 fell 4.3%. In the Argus universe of more than 500 public companies, the average share-price decline was 0.3%, and the median decline was 2%. The following stocks are the top-10 and the bottom-five performers from the Argus universe during 1Q. Among the winners, we note that five are from Information Technology, two from Materials, two from Energy, and one from Healthcare. Why do we study past performance? We want to know which stocks weathered the storms that were presented, the mix of sector performance, and the emergence of new names in the performance derby.

Wall Street is focused on rotation. Mag7 was in, now is out, but remains "in mind" for most investors. So which companies and which sectors are rising to the top so far this year in what has been a volatile start to 2026? We used our Argus screening tool to see which stocks are trading the most above their 52-week low. The sectors and companies that appear below give us clues about which sectors are weathering the current rocky conditions the best, and which might continue to do so if conditions remain challenging. The results show that there has been rotation, but often within the Information Technology sector, as IT remains the group with the most companies represented. Here are the stocks in the Argus coverage universe that are riding the rotation merry-go-round, with the percentage above their 52-week low also noted.