From Jon Markman: Most people are self-driving car skeptics. They just can’t imagine the cumbersome robot cars we see in the media today will ever become good or cheap enough for widespread use.
Investors looking for ETFs with rising momentum should begin to consider the SPDR Technology Select Sector Fund (XLK). This product just hit a new 52-week high of $49.93 today, and is now up 30.54% from its 52-week low price of $38.25 per share.
We have seen some interesting upside call buying in the largest Technology Equity ETF in the U.S. listed landscape, XLK (SPDR Technology Select Sector, Expense Ratio 0.14%, $14.1 billion in AUM).
With the VIX (Volatility Index) itself falling below $12 this morning on what looks like optimistic investor expectations throughout the end of 2016 and into next year, some portfolio managers may find opportunities to hedge portfolios on out-of-favor puts.
Worldwide PC shipments will fall by 6.4% for the full year 2016, according to the recently updated forecast from the International Data Corporation (IDC) and its Worldwide Quarterly PC Tracker.
The ETF Industry has advanced rapidly over the past few decades and continues to pick up speed as both the number of ETFs and the construction methodologies used have created a robust and varied investment landscape.
With only a few days left in the third quarter, it’s safe to say that Technology will once again be the best-performing sector within the S&P 500.
This morning we delve into some profit taking that has evidently been occurring in the PowerShares QQQ Trust, Series 1 ETF (NASDAQ:QQQ) into Apple’s recent surge on strong iPhone 7 sales.
From Taki Tsaklanos: The best-performing sector this year is Technology, and investors should align their portfolios with that reality — regardless of their goals and risk tolerance.
From David Fabian: Apple’s enormous size and wide ownership makes it an interesting outlier, which investors can gain significant exposure to via ETF purchases.
From Mike Burnick: Earnings season is pretty much in the books, as 98% of S&P 500 companies have already reported second-quarter numbers.
NYSEARCA:XLE, NYSEARCA:XLF, NYSEARCA:XLY, NYSEARCA:XTN, NYSEARCA:XLF
NASDAQ:AAPL, NYSEARCA:VGT, NYSEARCA:XLK, NYSEARCA:IYW