Technology Select Sector SPDR ETF (XLK) - NYSEARCA
  • May 22, 2012, 12:22 PM
    Despite some individual names being taken out and shot, the consumer discretionary sector (XLY) continues a near year-long trend of outperforming the S&P, notes Bespoke. The weakest sectors - energy (XLE), industrials (XLI), materials (XLB) - suggest maybe slowing in China is driving macro more than events in Europe.
    | May 22, 2012, 12:22 PM | 1 Comment
  • May 18, 2012, 12:35 PM

    After falling all the way to its IPO price of $38, Facebook (FB +8.9%) has bounced, and is now trading at $41.37. That's helped the NASDAQ, down ~1% at one point, head back towards breakeven. Zero Hedge notes over 30M shares traded at $38. "That's some serious underwriter buying," it quips.

    | May 18, 2012, 12:35 PM | 17 Comments
  • Apr. 24, 2012, 12:46 PM

    The put-call ratio on the QQQ jumps to 6.4-1, the highest level of bearish bets being placed in nearly 6 years, as a rarity - fear - creeps into Apple ahead of earnings. Apple accounts for 20% of the index's weight, and the market is pricing in a 7% post-earnings swing for the stock. (earlier on Apple)

    | Apr. 24, 2012, 12:46 PM
  • Apr. 23, 2012, 7:49 AM
    "Run, don't walk," is John Hussman's advice to investors thinking about cutting speculative exposure. The "numerous hostile syndromes" facing equities: "near-panic insider selling, speculation in new issues, and broad divergences in market internals."
    | Apr. 23, 2012, 7:49 AM | 5 Comments
  • Apr. 21, 2012, 8:45 AM

    The bulls are building a sandcastle on the cover of Barron's, whose Big Money poll may be of dubious predictive value, but gives a great summation of the current conventional wisdom. Some areas of leaning to one side of the boat: Just 2% of those surveyed are bullish on Treasurys, and while 31% feel tech is the place to be over the next 6-12 months, not one thinks it could be the worst performer. A not-yet-IPOed Facebook makes the list of most overvalued stocks.

    | Apr. 21, 2012, 8:45 AM | 11 Comments
  • Apr. 20, 2012, 8:50 AM
    A look at PE ratios across 12 sectors shows significant multiple expansion across nearly all over the past months. Consumer Discretionary (XLY) - sporting the highest PE at 17.6 - raises a red flag to Bespoke as the sector is a defensive one.
    | Apr. 20, 2012, 8:50 AM
  • Mar. 26, 2012, 9:08 AM

    Key to Bernanke's view of the economy is his belief cyclical rather than structural issues are behind the weakness in the labor market. "If this assessment is correct, then accommodative policies  to support the economic recovery will help address this problem." S&P 500 +0.6%, Gold +1%, Crude +0.2%, Copper +1.3%. UUP -0.3% premarket.

    | Mar. 26, 2012, 9:08 AM | 7 Comments
  • Mar. 23, 2012, 3:09 PM
    A look at a bifurcated market through sector ETFs since January 30: Tech (XLK, QQQ), financials (XLF), and consumer discretionary (XLY) are outperforming the 5.6% rise in SPY. Underperforming are materials (XLB), energy (XLE), utilities (XLU), healthcare (XLV), industrials (XLI), and consumer staples (XLP). (h/t ukarlewitz)
    | Mar. 23, 2012, 3:09 PM
  • Aug. 19, 2011, 4:27 PM
    According to Bespoke, the S&P 500's trailing P/E has fallen over 3 points since 4/29, to 12.44. While the financial sector has the lowest P/E (10.62), multiples for the healthcare (11.23) and tech (12.79) sectors are also near 18-year lows. The telecom sector (17.50) stands alone in having a trailing P/E above 15.
    | Aug. 19, 2011, 4:27 PM | 1 Comment
  • Jul. 13, 2011, 5:29 PM
    Though the S&P 500 may still be well below its 10/07 high of 1576, thanks in large part to weak performance from financials, Mark Smith (a.k.a. Trader Mark) points out that the industrial, technology, and consumer discretionary sectors, as measured by their SPDR ETFs, have more or less made it back.
    | Jul. 13, 2011, 5:29 PM
  • Jul. 8, 2011, 12:48 PM

    Silicon Valley craves a tax holiday on overseas profit, and a bill in Congress aims to provide by cutting taxes on repatriated funds to 5.25% from 35% under a short amnesty. Why are tech giants smiling? Potential tax savings: Google (GOOG -3.1%) $5.2B, Oracle (ORCL -1.5%) $4.8B, Microsoft (MSFT -0.5%) $8.8B, Apple (AAPL +0.3%) $3.7B.

    | Jul. 8, 2011, 12:48 PM | 6 Comments
  • Jul. 1, 2011, 3:48 PM
    First Trust's cloud computing ETF (SKYY) is set to launch on July 6. A little backtesting shows its performance isn't a whole lot different than the XLK or the FDN, but SKYY will have smaller size firms, a higher beta ... and a higher expense ratio.
    | Jul. 1, 2011, 3:48 PM
  • Jun. 27, 2011, 10:09 AM
    ASML jumps 2.5% on a valuation upgrade from Merrill, saying the shares are trading between 7-9X earnings, and that's "too cheap to ignore." The stock's down 21% since April, vs. an 11% decline for the Semiconductor ETF: SMH.
    | Jun. 27, 2011, 10:09 AM
  • Jun. 24, 2011, 3:17 PM

    Techs (XLK -1.7%) are pulled broadly lower by last night's earnings announcements (I, II) from Oracle (ORCL -4.1%) and Micron (MU -13.3%), but analysts generally seem to remain optimistic on both. Underperformance in Oracle's hardware is not a big concern as long as software licenses stay strong, and Micron's DRAM weakness is just a hiccup.

    | Jun. 24, 2011, 3:17 PM | 1 Comment
  • Jun. 21, 2011, 2:37 PM

    Advanced Micro Devices (AMD +4.8%) jumps as investors react to a report on claiming the company is expected to introduce, as soon as today, a new CEO from IBM. AMD has been without a permanent CEO since January, when its previous leader was forced out.

    | Jun. 21, 2011, 2:37 PM
  • Jun. 20, 2011, 5:18 PM

    Dex One Corp. (DEXO +38%) signs a strategic advertising sales partnership with Google AdWords as part of its effort to generate 30% of revenue from digital sales by the end of 2012. Though a big move, it's barely a blip on the chart as the company has lost 90% of its value since the February 2010 IPO.

    | Jun. 20, 2011, 5:18 PM
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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