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Tech (XLK) is the new defensive sector, its 14.8 PE ratio continuing to trail traditional...

Wednesday, January 16, 4:33 PM ET
Tech (XLK) is the new defensive sector, its 14.8 PE ratio continuing to trail traditional cautious plays like telecom (IST), consumer staples (XLP), and utilities (XLU). At a lofty 22 PE ratio, telecom leads all S&P sectors - it's a pretty fancy multiple for a slow-growth sector, but investors are attracted by the lofty yield. The S&P (SPY) as a whole has creeped up to a 14.8 ratio.

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This news story has 2 comments:

tr4head Comments (329)

Where thou goest APPL thou goest XLK. So, if you think APPL is a bargain, have at it - I believe Apple is about 20% weighted in the XLK or index. But if Apple continues to retreat, you would be better off getting a nice 4% yield in XLU. The selling of XLU has been pretty meek of late, like today.

16 Jan, 05:25 PM Reply Like

tr4head Comments (329)

Also, XLU PE is actually LOWER than XLK.

16 Jan, 05:26 PM Reply Like

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