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4 Promising ETFs to Buy3 Best Tech Stocks to Buy NowU.S. rallies to close week, Canadian GDP upThis summary was created by AI, based on 2 opinions in the last 12 months.
The experts have mixed views on the Technology Select Sector SPDR Fund (XLK-N). One expert is optimistic about the tech ETF and sees potential for it to perform well, especially with the upcoming strong seasonality for tech. However, another expert expresses concerns about the high valuation of the tech sector, especially compared to the overall market and historical averages. They also point out the potential impact of the Fed's plan to increase rates. Overall, the sentiment towards the stock seems to be cautious with potential for short-term gains but concerns about high valuation and potential market movements.
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-N on the NYSE Arca (XLK). It is usually referred to as AMEX:XLK or XLK-N
In the last year, 1 stock analyst published opinions about XLK-N. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation 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 on . 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 help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered Technology Select Sector SPDR Fund In the last year. It is a trending stock that is worth watching.
On 2024-03-28, Technology Select Sector SPDR Fund (XLK-N) stock closed at a price of $208.26.
A tech ETF and a good way to play tech. This has done well this year. With earnings now, this could do even better. We're entering strong seasonality for tech which could boost the wider market. Keep an eye on Apple's earnings on Thursday. Tech is good, at least short term.