TSE:XIT

71.21
0.37 (0.52%) 1d
0
Investor Insights

This summary was created by AI, based on 1 opinions in the last 12 months.

The consensus among experts is that the iShares S&P/TSX Information Technology Capped ETF, with the symbol XIT-T, is heavily weighted in a few stocks, particularly CSU, SHOP, and GIB.A. The valuation of the ETF is considered to be on the higher side, with a price to sales ratio of 5.35x, leading experts to suggest targeting specific stocks rather than buying the entire index. OTEX and CLS are considered as potential alternatives. The overall sentiment is that investors should closely examine the individual stocks within the ETF rather than investing in the entire index.

Consensus
Mixed
Valuation
Overvalued
DON'T BUY

This ETF is really 25% CSU plus 25% SHOP, and 19% GIB.A. So if 70% of the ETF is in 3 stocks, perhaps you want to look at the stocks themselves to see which ones make sense. 5.35x price to sales is not cheap, so it's better to pinpoint names than buy the entire index.

OTEX and CLS are two names that screen decently for him, though he owns neither. 

E.T.F.'s
WAIT

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Do not think there is a big rush to add more here. Unlike US tech ETFs, XIT is still very heavily skewed towards just five companies. There is potential and the bottom should be close. It becomes a question of position size and timeframe. Every time we think we are close to a bottom the market seems to roll over again. Unlock Premium - Try 5i Free

E.T.F.'s
DON'T BUY
Basket of tech names. SHOP numbers are down dramatically again today. XIT is at another 52-week low. Pretty cautious on tech market. TSX tech names are cheaper than US S&P, but still not cheap at 4.3x price to sales. Early pandemic winners are now the late pandemic losers. Don't add. Rising interest rates don't bode well for this kind of investment. There may be a bounce, but do you want to hold for the next 2 years after that?
E.T.F.'s
HOLD
He's held it twice. When he saw that SHOP was worth more than RY, he sold. But now that SHOP's dropped so much, he bought again 3 weeks ago, only to see SHOP drop again. When he sees something's not working for him, he gets out. Don't make it 50% of your portfolio. He's watching it, but still holding.
E.T.F.'s
DON'T BUY
He's low on his tech weighting. You've had a multi-year timeframe to own tech. Now a lot of people are trapped at higher prices, who were late to the game. Be cautious about buying something with so many built-in sellers. Go where the bull market is, not where it was.
E.T.F.'s
BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Right now the fear seems worse than reality. The NASDAQ is down about 7% in a week. There could be another 2-3% drop, but there shouldn’t be a huge crash. There is inflation fear but tech has done ok in a growth environment. Companies are reporting solid earnings and growth should be noticed again. Unlock Premium - Try 5i Free

E.T.F.'s
COMMENT

The viewer was seeking an equal-weight ETF that contained the top 15-20 Canadian tech companies. A market cap weighted ETF of Canadian tech. It is dominated by Shopify, Onyx, CGI. RYT is the American alternative that is equal weight for US large-cap tech that has around 70 names.

E.T.F.'s
BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The tech sector should continue to grow. One must watch the valuation and consider the timeframe for investments. Long term growth of the sector should be positive. Unlock Premium - Try 5i Free

E.T.F.'s
BUY ON WEAKNESS

S&P Info Tech Canadian index. He would be careful here. It is at all time new highs. This is going to live or due by SHOP-T. He would be cautious here. The stocks representing large portions of this ETF are very highly valued and perhaps a little over done. Look for corrections down the road.

E.T.F.'s
DON'T BUY

The Canadian tech sector is not great in that it is not diversified. It is a bet on SHOP-T. You could buy it on the next big swing down.

E.T.F.'s
BUY ON WEAKNESS
He loves infotech. XIT has a great chart, but consolidation is coming. (Later this year, the economy will chug along with some money flows into materials and maybe energy.) As long as XIT's uptrend remains intact it's fine, but if there's a breakdown, sell and buy elsewhere. Look for weakness in coming weeks to enter. Overall, he's bullish about infotech.
E.T.F.'s
BUY

A stock or ETF in the Canadian digital space? 16 stocks are in this with 85% made up for four stocks like Shopify and OTEX. It's less risky than buying, say Shopify on its own.

E.T.F.'s
COMMENT

Shopify, CGI and Open Text are the biggest holdings. This is a great play on Canadian tech. He's owned the component stocks, but he prefers holding tech stocks internationally, so he recommends SOXX-Q.

E.T.F.'s
COMMENT

It's up because of the 5G revolution. He uses IGM, a broader based US tech ETF, and he's thinking of taking profits in it. He's a cautious investor these days due to tariff war uncertainty. If you buy anything, it should have a dividend, so you still get paid if things take a turn.

E.T.F.'s
BUY
Morningstar rates it only one star. He likes tech. Don't trust the Morningstar ratings blindly. It's a higher-beta ETF.
E.T.F.'s
Showing 1 to 15 of 57 entries

iShares S&P/TSX Information Technology Capped(XIT-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 1

Stockchase rating for iShares S&P/TSX Information Technology Capped is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

iShares S&P/TSX Information Technology Capped(XIT-T) Frequently Asked Questions

What is iShares S&P/TSX Information Technology Capped stock symbol?

iShares S&P/TSX Information Technology Capped is a Canadian stock, trading under the symbol XIT-T on the Toronto Stock Exchange (XIT-CT). It is usually referred to as TSX:XIT or XIT-T

Is iShares S&P/TSX Information Technology Capped a buy or a sell?

In the last year, 1 stock analyst published opinions about XIT-T. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for iShares S&P/TSX Information Technology Capped.

Is iShares S&P/TSX Information Technology Capped a good investment or a top pick?

iShares S&P/TSX Information Technology Capped was recommended as a Top Pick by on . Read the latest stock experts ratings for iShares S&P/TSX Information Technology Capped.

Why is iShares S&P/TSX Information Technology Capped stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is iShares S&P/TSX Information Technology Capped worth watching?

1 stock analyst on Stockchase covered iShares S&P/TSX Information Technology Capped In the last year. It is a trending stock that is worth watching.

What is iShares S&P/TSX Information Technology Capped stock price?

On 2024-12-13, iShares S&P/TSX Information Technology Capped (XIT-T) stock closed at a price of $71.21.