Why this tech ETF could be a Buy heading into next month

From Andrea Kramer:

The U.S. stock market is set to wrap up a banner June, with the S&P 500 Index (SPX) fresh off all-time highs. What's more, several sectors could continue to shine in July, if recent history is any guide. In fact, the Technology Select Sector SPDR Fund (XLK) emerged as one of the best exchange-traded funds (ETFs) to own next month, having ended July higher 100% of the time in the past 10 years.

NYSE:XLK June 28, 2019 1:14pm

Goldman Sachs says tech stocks are too expensive

goldmansachs
From Yun Li:
KEY POINTS
NYSE:XLK June 17, 2019 6:38pm

Tech stocks have their best 6-day stretch since 2012

stock photo chart
From Sanghamitra Saha:

Technology stocks are on fire, having logged their best six-day stretch in seven and a half years, per Dow Jones Market Data, as quoted on The Wall Street Journal. Microsoft Corp. MSFT, Apple Inc. AAPL, Amazon.com Inc. AMZN, Facebook Inc. FB and Alphabet Inc. GOOGL injected about $330 billion in market value together over the past five trading sessions.

NYSE:XLK June 12, 2019 3:08pm

Are investors ignoring the major warning signs in FANG stocks?

From J.R. Reed:
NYSE:XLK June 5, 2019 6:13pm

Federal Reserve Chairman Powell suggests the Fed is prepared to cut rates, if needed

From Jeff Cox: Federal Reserve Chairman Jerome Powell said the central bank is watching current economic developments and will do what it must to keep the near-record expansion going.
Financial markets have been nervous lately over an escalating trade war that has spread from China and now could include Mexico. At the same, government bond yields are behaving in a way that in the past has been a reliable recession indicator. Powell began a speech Tuesday in Chicago by addressing "recent developments involving trade negotiations and other matters." "We do not know how or when these issues will be resolved," he said in prepared remarks. "We are closely monitoring the implications of these developments for the U.S. economic outlook and, as always, we will act as appropriate to sustain the expansion, with a strong labor market and inflation near our symmetric 2 percent objective." Powell's comments came at the "Conference on Monetary Strategy, Tools and Communications Practices," a kickoff for an examination the Fed is conducting this year about the tools it has to meet its goals as well as the way it is communicating its actions to the public. He did not address any other specific issues relating to current conditions. Market are broadly expecting the policymaking Federal Open Market Committee to cut its benchmark rate twice before the end of the year in response to current conditions. For his part, Powell has stuck to the position that the Fed remains data dependent. The most recent FOMC statement, from its May meeting, indicated that the committee is taking a patient stance toward policy changes at conditions evolve.  
Looking down the road
In his speech Tuesday, Powell took a longer view, outlining the challenges the Fed faces ahead for when the next crisis hits. The current low rate environment leaves the Fed little room before it hits the zero lower bound, or the point where the Fed's nominal benchmark rate can't be lowered much more. "In short, the proximity of interest rates to the ELB has become the preeminent monetary policy challenge of our time, tainting all manner of issues with ELB risk and imbuing many old challenges with greater significance," he said. The Fed faces a problem with inflation, which has yet to sustain at the central bank's 2% goal. Powell said persistently low inflation could lead to "a difficult-to-arrest downward drift" in expectations. At issue for the future are three main considerations: where current policy is enough to address inflation misses; if the Fed's toolkit of rate moves and asset purchases is enough to achieve the dual mandate of full employment and price stability, and how best to communicate policy to the public. One consideration is whether the "dot plot" of individual FOMC members' rate projections is helping. Powell suggested that during times of stress, the closely followed "median dot" actually could become the "least likely outcome." Powell said the tools used during the crisis -- near-zero rates and asset purchases that took the balance sheet to more than $4.5 trillion -- are likely to be deployed again. "Perhaps it is time to retire the term 'unconventional' when referring to tools that were used in the crisis. We know that tools like these are likely to be needed in some form in future ELB spells, which we hope will be rare," he said.

The Technology Select Sector SPDR ETF (XLK) was trading at $72.34 per share on Tuesday afternoon, up $1.71 (+2.42%). Year-to-date, XLK has gained 13.47%, versus a 4.92% rise in the benchmark S&P 500 index during the same period. XLK currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #1 of 79 ETFs in the Technology Equities ETFs category.
This article is brought to you courtesy of CNBC.
NYSE:XLK June 4, 2019 12:37pm

Will tech stocks lift the rest of the stock market to new highs?

technology stocks
From Simon Maierhofer: Technology was the first sector to eclipse previous highs after the December meltdown in the U.S. stock market. Will technology lift the rest of the market to new highs, or will the market drag down technology?
NYSE:XLK April 11, 2019 12:00pm

Tech Stocks: A bullish chart pattern is forming and could be a signal to buy

Technology Sector
From Keris Lahiff: Tech is attempting to rebound this week.
NYSE:XLK December 13, 2018 12:19pm

Should You Take a Bite Into the Beaten-Down Apple (AAPL) ETFs?

From Sweta Killa: Technology giant Apple Inc. AAPL logged in its seventh consecutive weekly loss, something the stock hasn't done in the past six years
NYSE:XLK November 15, 2018 1:21pm

November 9, 2018 Technology Sector Update

Technology Sector
From Nasdaq: Top Technology Stocks on November 9, 2018
NYSE:XLK November 9, 2018 1:25pm

Time To Buy The Dip In Technology ETFs?

From Zacks: Wall Street, which had a pretty strong third quarter, has not seen a smooth opening to the fourth quarter. There was a brutal selloff in early-October, thanks apparently to rising rate concerns, and since then the market has remained edgy.
NYSE:XLK October 24, 2018 7:05am

Are Mega Cap Tech Stocks Bottoming?

From Chris Vermeulen: Recent downside pricing pressure on Technology and FANG stocks have kept investors wary of jumping back into the market while we wait to see where the bottom may form.
NYSE:XLK September 19, 2018 6:13am

Time To Buy The Dip In Technology ETFs? (XLK)

From Zacks: The hot and soaring technology sector lost its momentum with the start of September. This is especially true as the ultra-popular Select Sector SPDR Technology ETF (XLK - Free Report) has dropped about 2.3% so far this week.
NYSE:XLK September 10, 2018 6:36am

ETFs At Risk As Facebook Faces A New Paradigm (XLK)

From Zacks: Facebook (FB - Free Report) shares suffered a bloodbath following criticism of its management of user data. The stock has declined more than 16% since the news of the data breach did the rounds in March.
NYSE:XLK April 6, 2018 6:05am

Who Will Win The Tug-of-War In The Technology Sector? (XLK)

From Chris Kimble: Today's 6-pack of stock charts takes another look at the market leading Technology sector.
NYSE:XLK March 22, 2018 6:29am

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