
NYSEARCA:XLK
This summary was created by AI, based on 3 opinions in the last 12 months.
The Technology Select Sector SPDR Fund (XLK) has garnered a mix of opinions from various experts. Some highlight its solid performance, particularly in a bullish market, while others express concerns about the potential volatility and the need for a hedge during downturns. One expert mentioned the significance of balancing tech exposure in a portfolio, hinting at a rotation away from technology. Despite this caution, another review noted that the tech sector has been thriving, especially heading into a seasonal period of strong performance, hinting at momentum and upcoming earnings that may reinforce this positive outlook. Overall, while caution is advised, the sector still shows promise and potential for continued growth.
The question was on his suggestion for an ETF in the technology sector. He is not a big proponent of the tech sector but two ETF's that come to mind are VGT and XLK which is longer standing. He advises caution as to how much tech you have in your portfolio and is seeing a rotation out of tech which is now in the ninth position out of 11 in sectors.
Sector's done extremely well, despite a small blip in August. It's basically sucking the air out of everything else right now. 'Tis the season when technology does quite well. Still momentum here. Earnings should be interesting; once we get past that without any surprises (which he's not expecting), thinks tech will continue to do well.
This week, the market nearly broke below all key support levels, including the XLK (tech index). It looks very negative now, showing a sell signal. Inskip fears XLK could fall to $225, the next floor of support and the 26-week moving average. Bearish.
Sector is performing well. Small pullback from October to November, which is good as it sets up a rally. Tech starts to perform well at this time of year into January, seeing some momentum, can do well for the next few months. Rising bottoms, a very positive pattern. Breaking out from the previous level. That all shows an ascending triangle.
The tech sector is trading at 28x forward PE, back to the pre-Covid peak. Tech trades at a 45% premium to the overall market while the 10-year average is 9% premium. During the tech bubble it was a 53% premium. He gets the AI enthusiasm, but doesn't understand the tech disconnect from higher rates. The Fed has said it will increase rates. Tech stocks are expensive. Tech outflows have been the highest in the past 10 weeks. We'll test 4,200 on the S&P and could run further if it breaks above that. If it doesn't, we'll see.
Technology Select Sector SPDR Fund is a American stock, trading under the symbol XLK (previously XLK-N on Stockchase) on the NYSE Arca (XLK). It is usually referred to as AMEX:XLK or XLK
In the last year, 1 stock analyst issued a Buy, Sell, or Hold rating on XLK (previously XLK-N on Stockchase). 1 analyst recommended to BUY and 0 analysts recommended to SELL the stock. The latest stock analyst rating is . Read the latest stock experts' ratings for Technology Select Sector SPDR Fund.
Technology Select Sector SPDR Fund was recommended as a Top Pick by Mike S. Newton, CIM FCSI on 2020-05-22. Read the latest stock experts ratings for Technology Select Sector SPDR Fund.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Technology Select Sector SPDR Fund.
Technology Select Sector SPDR Fund is followed by 55 investors on Stockchase and is a trending stock that is worth watching.
On 2026-06-29, Technology Select Sector SPDR Fund (XLK) stock closed at a price of $185.21.