Technology Select Sector SPDR ETF (XLK) - NYSEARCA
  • Oct. 10, 2012, 9:16 AM
    Corporate insiders get even more bearish, the Vickers sales-to-buys ratio rising to 5.61:1 from 3.8:1 at the start of September. The deterioration comes from Nasdaq issues, where the ratio jumped to 6.17:1 from 2.96:1. Perspective: The long-term average is 2-2.5:1. One year ago, with stocks gasping for air, insiders weren't sellers - the ratio dropped to 1.04:1.
    | Oct. 10, 2012, 9:16 AM | 6 Comments
  • Oct. 6, 2012, 9:00 AM

    The financial (XLF) and healthcare (XLV) sectors were the big winners this week, both adding to their gains relative to the S&P YTD. Another YTD outperformer, tech (XLK) combined with energy (XLE) to be the weakest sectors this week as both Apple (post-iPhone 5) and oil (post-QE∞) can't shake their hangovers. The defensive utility area (XLU) - which had a big (and worrying to some) run from mid-Spring to mid-Summer - continues to lose ground to the broader market.

    | Oct. 6, 2012, 9:00 AM | 3 Comments
  • Oct. 3, 2012, 7:20 AM

    Negative earnings preannouncements (4 of them for every 1 positive release) are running at such a high rate as to bring back memories of the 2000-01 tech bust to Strategas Research. The market is stuck between easy money and lousy fundamentals, says Weiss' Mike Larson.

    | Oct. 3, 2012, 7:20 AM | 6 Comments
  • Sep. 10, 2012, 8:43 AM
    Under-exposed to equities (and underperforming them) for some time, hedge funds are changing course, writes Todd Salamone. Options activity in key stock index ETFs shows falling buy-to-open call volume, a sign, says Salamone, hedge funds are increasing exposure to stocks by covering shorts (thus buying fewer calls to hedge). Earlier: Not a good move, says Hussman.
    | Sep. 10, 2012, 8:43 AM | 4 Comments
  • Aug. 25, 2012, 10:00 AM
    Southern Co. (SO) and Verizon (VZ) may be the "poster children" among high dividend-payers as the quest for yield takes the utility (XLU), telecom (IXP), and consumer staples (XLP) sectors to frothy levels. The flip-side are health-care services (XHS), autos (CARZ), housing (IYR), and tech (XLK) - lower payers, but with relative valuations that have rarely been this cheap.
    | Aug. 25, 2012, 10:00 AM | 16 Comments
  • Aug. 20, 2012, 4:24 PM
    While 80% of S&P 500 stocks are above their 50-day moving average, all of the defensive sectors - Telecom, Consumer staples, Health care, Utilities - have readings below that. The most defensive of them all - Utilities - shows just 39% of the sector above the 50-day, a sharp change from just 2 weeks ago, when 90% were above. "The dynamic has clearly changed," writes Bespoke, with cyclical sectors now leading the charge.
    | Aug. 20, 2012, 4:24 PM | 7 Comments
  • Aug. 17, 2012, 8:59 AM
    Another graphic look (via ukarlewitz) at the recent rally which is notable for its rotation into roughed up sectors like Energy, Materials, Industrials, and Discretionary, and out of popular defensive plays like Utilities, Health Care, and Staples. Have the hedge funds been caught wrong-footed again?
    | Aug. 17, 2012, 8:59 AM | 2 Comments
  • Aug. 16, 2012, 11:11 PM

    We've come a long way from the Dot.com bubble, when "dividend" was mostly an alien term for tech companies. Following Cisco's hike, tech accounts for the largest share of S&P 500 dividend payments (14.22%) of any sector, edging past consumer staples (14.21%). Financials, which made up 29.12% of payments in pre-crisis '07, are now down to 12.63%.

    | Aug. 16, 2012, 11:11 PM | 4 Comments
  • Aug. 14, 2012, 8:55 AM
    More on the BAML fund manager survey: Overowned assets include defensive sectors like REITs, Consumer Staples, Pharma, and Bonds. Underowned: Materials, Banks, Japan, Eurozone, Energy, and Equities in general.
    | Aug. 14, 2012, 8:55 AM
  • Aug. 14, 2012, 8:11 AM
    A nice summary (via tradefast) of Q2 13F filings shows hedge funds riding the defensive play trend, adding to holdings in Consumer Staples, Health Care, Telecom, and Utilities, while cutting exposure to Tech, Energy, Financials, and Materials.
    | Aug. 14, 2012, 8:11 AM
  • Jul. 29, 2012, 5:56 PM

    "The social-web IPO window is now closed," proclaims Matthew Ingram after witnessing Facebook and Zynga's post-Q2 crashes. A slight exaggeration, but there's no doubt the cold reception given to many consumer Web IPOs is taking a toll on IPO activity and late-stage private valuations. For now, enterprise growth names remain a bastion for frothy multiples - multiples that have gotten frothier lately thanks to successful IPOs, VMware/Nicira, and positive earnings news.

    | Jul. 29, 2012, 5:56 PM | 9 Comments
  • Jul. 24, 2012, 11:29 PM

    Questions following Apple's (AAPL) FQ3: 1) Is Samsung's Galaxy S III having a big impact on international iPhone sales?  2) How much is the iPhone shortfall the result of iPhone 4 users, who have begun to see their contracts end, viewing the 4S as an incremental upgrade, and (unlike 3GS users) preferring to wait? 3) Do the results further motivate Apple to reach iPhone deals with China Mobile, NTT DoCoMo, and other missing carriers? Nasdaq futures -0.9% overnight. (more) (transcript)

    | Jul. 24, 2012, 11:29 PM | 12 Comments
  • Jul. 19, 2012, 12:11 PM

    If there's a theme to Q2 tech earnings reports so far, it's "good enough." Just as several large-caps have rallied on so-so results, beaten-down telecom equipment and optical component names are rallying on Verizon's guidance for "flat to down" 2012 capex - some feared worse guidance in light of recent warnings. CIEN +5%. ALU +6.9%. JDSU +2%. FNSR +3%. JNPR +2.8%. Nomura sees Verizon's comments about 40G/100G optical investments as a positive for Juniper and Ciena.

    | Jul. 19, 2012, 12:11 PM
  • Jul. 9, 2012, 2:15 PM

    In spite of recent warnings and negative commentary, Gartner is hiking its 2012 IT spending growth forecast to 3% from a prior 2.5%. While still cautious on near-term spending, the firm claims there was little change in business and consumer sentiment in Q2, which leaves it slightly more optimistic. Spending on public cloud services (key players: AMZN, MSFT, RAX, CRM) is expected to grow 20% this year to $109B, and reach $207B in 2016.

    | Jul. 9, 2012, 2:15 PM
  • Jul. 5, 2012, 9:18 AM
    ETFs and ETNs drew another $12.84B AUM in June, bringing total H1 inflows to $75.91B, up 31% Y/Y. Fixed income funds led the way in June, bringing in $4.82B, with equity funds just behind at $4.6B. The QQQ was most popular, gaining $1.4B, with investment-grade bonds (LQD) and emerging market equities (VWO) in 2nd and 3rd place.
    | Jul. 5, 2012, 9:18 AM
  • Jun. 21, 2012, 5:02 PM

    It's time to rotate out of industrial stocks into tech, thinks S&P equity strategist Sam Stovall. While industrial names are likely to be pressured by weak PMI data and other signs of global macro weakness, tech companies are expected to produce above-average 2012 and 2013 EPS growth. Moreover, they sport a PEG ratio of just 0.7, the lowest of 10 S&P industry groups. (large-cap valuations)

    | Jun. 21, 2012, 5:02 PM | 1 Comment
XLK Description
The Technology Select Sector SPDR® Fund, before expenses, seeks to closely match the returns and characteristics of the Technology Select Sector Index (ticker: IXT). Our approach is designed to provide portfolios with low portfolio turnover, accurate tracking, and lower costs.
See more details on sponsor's website
Sector: Technology
Country: United States
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