By the process of elimination, industrials and materials sectors over-discount earnings recovery.

FORBES: Let 'Em Beat Up On Banks

On Wednesday Applied Materials Chief Executive Michael Splinter said he sees a recovery in the semiconductor market due to demand for tablet computers, according to TradeTheNews.com, and holds a very positive outlook for the next 18 months.

FORBES

Energy and materials though, two of Monday's hardest-hit sectors, attempted something of a recovery, even if the rest of the Street wasn't interested.

FORBES: Magazine Article

Now, as the housing industry has begun to show signs of a recovery, Norfolk Southern looks to benefit as it is a major bulk shipper for construction materials.

FORBES: Norfolk Southern Chugs To $78 On Natural Gas And Housing Recovery

Basic materials slid from 5% to 3% before this year's April rally was ignited by signs of economic recovery in Japan and Korea.

FORBES: Watch your sectors