benzinga
May 20, 7:13 PM
BAH
Enterprise Cloud & Software
ExpandingTheme thesis
$YOU matters if cyclical participation keeps spreading beyond the first wave.
Use the confirmer and break level to decide if this setup is still worth your time.
StageBroadening
UpdatedLive
Breadth87%
Setup strength
41
Why it matters
$YOU matters if cyclical participation keeps spreading beyond the first wave.
What changed
YOU leadership persisted
What to watch
PAYC is the clearest next confirmation candidate and should tell us whether the move can broaden.
What breaks it
Cross-asset confirmation is still fragile, so spillover can stall before it becomes durable.
Latest Headlines
3 recent headlines mention YOU, BAH.
'White House Briefs AI Companies on Plan to Review Models Before Release' - The Information
New York Post
May 20, 7:12 PM
The "With You" singer had a simple explanation for the seating arrangement.
YOU
New York Post
May 20, 7:12 PM
The "With You" singer had a simple explanation for the seating arrangement.
YOU
Who Is Leading
Breadth
87%
How broad the move is
Leaders
1
Confirmers
0
Lagging
0
Leaders
YOU is the current leadership name for Enterprise Cloud & Software, carrying the highest structural influence in the live cluster.
Confirmers
No live confirmer roster available.
Supporting Names
ACN is acting as a bridge inside Enterprise Cloud & Software, helping the move transmit beyond the core leadership group.
ADBE is acting as a bridge inside Enterprise Cloud & Software, helping the move transmit beyond the core leadership group.
ADP is acting as a bridge inside Enterprise Cloud & Software, helping the move transmit beyond the core leadership group.
ADSK is acting as a bridge inside Enterprise Cloud & Software, helping the move transmit beyond the core leadership group.
ALRM is acting as a bridge inside Enterprise Cloud & Software, helping the move transmit beyond the core leadership group.
APPF is acting as a bridge inside Enterprise Cloud & Software, helping the move transmit beyond the core leadership group.
AVAV is acting as a bridge inside Enterprise Cloud & Software, helping the move transmit beyond the core leadership group.
AVPT is acting as a bridge inside Enterprise Cloud & Software, helping the move transmit beyond the core leadership group.
AXON is acting as a bridge inside Enterprise Cloud & Software, helping the move transmit beyond the core leadership group.
BAH is acting as a bridge inside Enterprise Cloud & Software, helping the move transmit beyond the core leadership group.
BILL is acting as a bridge inside Enterprise Cloud & Software, helping the move transmit beyond the core leadership group.
Not Yet Participating
What Is Confirming
Confirming Sectors
YOU
88% participation
88%
Watchlist Sectors
ACN — Participation 64%
ADBE — Participation 58%
ADP — Participation 52%
Absent Sectors
APPF — Still absent
ADSK — Still absent
ALRM — Still absent
Live Names
12 names
Rank
Symbol
Role
Signal
Score
Recent
Note
1
YOU (YOU)
Leader
Live
n/a
n/a
YOU is the current leadership name for Enterprise Cloud & Software, carrying the highest structural influence in the live cluster.
2
ACN (ACN)
Participant
Live
n/a
n/a
ACN is acting as a bridge inside Enterprise Cloud & Software, helping the move transmit beyond the core leadership group.
3
ADBE (ADBE)
Participant
Live
n/a
n/a
ADBE is acting as a bridge inside Enterprise Cloud & Software, helping the move transmit beyond the core leadership group.
4
ADP (ADP)
Participant
Live
n/a
n/a
ADP is acting as a bridge inside Enterprise Cloud & Software, helping the move transmit beyond the core leadership group.
5
ADSK (ADSK)
Participant
Live
n/a
n/a
ADSK is acting as a bridge inside Enterprise Cloud & Software, helping the move transmit beyond the core leadership group.
6
ALRM (ALRM)
Participant
Live
n/a
n/a
ALRM is acting as a bridge inside Enterprise Cloud & Software, helping the move transmit beyond the core leadership group.
7
APPF (APPF)
Participant
Live
n/a
n/a
APPF is acting as a bridge inside Enterprise Cloud & Software, helping the move transmit beyond the core leadership group.
8
AVAV (AVAV)
Participant
Live
n/a
n/a
AVAV is acting as a bridge inside Enterprise Cloud & Software, helping the move transmit beyond the core leadership group.
9
AVPT (AVPT)
Participant
Live
n/a
n/a
AVPT is acting as a bridge inside Enterprise Cloud & Software, helping the move transmit beyond the core leadership group.
10
AXON (AXON)
Participant
Live
n/a
n/a
AXON is acting as a bridge inside Enterprise Cloud & Software, helping the move transmit beyond the core leadership group.
11
BAH (BAH)
Participant
Live
n/a
n/a
BAH is acting as a bridge inside Enterprise Cloud & Software, helping the move transmit beyond the core leadership group.
12
BILL (BILL)
Participant
Live
n/a
n/a
BILL is acting as a bridge inside Enterprise Cloud & Software, helping the move transmit beyond the core leadership group.
Theme Stability
20 sessions
Theme stability
This view is meant to answer a simple question: is the theme holding together, broadening, narrowing, or still changing shape?
First seen2026-04-23
Last seen2026-04-27
Runs20
Days3
ReadStable
Label drift1 variants
2026-04-23
Broadening
140 names
Enterprise Cloud & Software added 140 names and only removed 0
2026-04-24
Broadening
137 names
Enterprise Cloud & Software added 137 names and only removed 0
2026-04-27
Held steady
0 names
Membership was unchanged from the prior session
Activation Evidence
Live
First wave leaders
1
Names that moved first.
Second wave confirmers
1
Follow-through names joining after the leader.
Net new members
1
New names added to the move.
Repeat rate
91%
How often the same names keep reappearing.
Confirmer speed
0%
How quickly confirmation showed up.
Path coherence
73%
How clean the activation path looks.
Sequence buildup
85%
Whether the move built in sequence.
Leader to confirmer
n/a
Median lead time from leader to confirmer.
Cross-Market Support
How to use this
Treat this as a secondary check. If outside markets are helping, it supports the setup. If they are hurting, lower conviction or wait. If they are neutral, ignore it.
APPF → CPER
Neutralcross_asset_lag1
12% link
30D
Supports it
Weak