Cross-Sector Entertainment & Defense

Expanding

Theme thesis

$PEN is leading Cross-Sector Entertainment & Defense; KTOS, FFIV, CZR have confirmed that the move is spreading beyond the leader.

Use the confirmer and break level to decide if this setup is still worth your time.

StageBroadening

UpdatedLive

Breadth100%

Setup strength

Glance animation

Trade Read

Why it matters

$PEN is leading Cross-Sector Entertainment & Defense; KTOS, FFIV, CZR have confirmed that the move is spreading beyond the leader.

What changed

PEN leadership persisted

What to watch

Need confirmation from credit and vol before the bridge becomes durable.

What breaks it

Cross-Sector Entertainment & Defense can stay leader-led if secondary names fail to join while PEN keeps moving.

Latest Headlines

No symbol-linked headlines found in the current lookback window.

Headlines

No related headlines found

No recent headlines matched the theme's leader or member tickers in the current lookback window.

Who Is Leading

Names

Breadth

100%

How broad the move is

Leaders

Confirmers

Lagging

Leaders

PEN (PEN)

PEN is the current leadership name for Cross-Sector Entertainment & Defense, carrying the highest structural influence in the live cluster.

Confirmers

No live confirmer roster available.

Supporting Names

CZR (CZR)

CZR is acting as a bridge inside Cross-Sector Entertainment & Defense, helping the move transmit beyond the core leadership group.

FFIV (FFIV)

FFIV is acting as a bridge inside Cross-Sector Entertainment & Defense, helping the move transmit beyond the core leadership group.

KTOS (KTOS)

KTOS is acting as a bridge inside Cross-Sector Entertainment & Defense, helping the move transmit beyond the core leadership group.

Sectors

What Is Confirming

Confirming Sectors

PEN

88% participation

88%

Watchlist Sectors

CZR — Participation 64%

FFIV — Participation 58%

KTOS — Participation 52%

Live Names

4 names

Live Names

Rank

Symbol

Role

Signal

Score

Recent

Note

PEN is the current leadership name for Cross-Sector Entertainment & Defense, carrying the highest structural influence in the live cluster.

CZR is acting as a bridge inside Cross-Sector Entertainment & Defense, helping the move transmit beyond the core leadership group.

FFIV is acting as a bridge inside Cross-Sector Entertainment & Defense, helping the move transmit beyond the core leadership group.

KTOS is acting as a bridge inside Cross-Sector Entertainment & Defense, helping the move transmit beyond the core leadership group.

Theme Stability

Stability

Theme stability

This view is meant to answer a simple question: is the theme holding together, broadening, narrowing, or still changing shape?

First seen2026-05-19

Last seen2026-05-19

Runs2

Days2

ReadForming · 2 days

Label drift1 variants

No deeper lineage trail is available yet for this theme.

Activation Evidence

Live

First wave leaders

Names that moved first.

Second wave confirmers

Follow-through names joining after the leader.

Net new members

New names added to the move.

Repeat rate

100%

How often the same names keep reappearing.

Confirmer speed

50%

How quickly confirmation showed up.

Path coherence

How clean the activation path looks.

Sequence buildup

34%

Whether the move built in sequence.

Leader to confirmer

n/a

Median lead time from leader to confirmer.

Multi-Asset

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.

KTOS → EMB

Hurting

cross_asset_lag1

40% link

30D

Cuts against it

Weak

KTOS → UVXY

Neutral

cross_asset_lag1

33% link

30D

Supports it

Weak