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Technology Select Sector SPDR ETF (XLK)

- NYSEARCA
  • Nov. 28, 2014, 1:26 PM
    | 1 Comment
  • Oct. 13, 2014, 12:53 PM
    • Though considering tech stocks "somewhat overvalued," famed VC/PayPal co-founder Peter Thiel thinks the problem pales when compared with a bond/fixed-income bubble "of massive size." (video)
    • Thiel: "Tech investors always overrate growth and always underrate durability ... 75%-80% of the value of these companies exists a decade or more in the future ... You can measure growth, but you can't measure durability."
    • Thiel also reiterates his view that Alibaba (BABA -0.1%), like other Chinese Internet names, is a political entity. "You're betting on Jack Ma staying in the good graces of the Communist Party."
    • He's a fan of the eBay/PayPal (EBAY -1%) split, but disagrees with Carl Icahn's call for PayPal to go on an acquisition spree. "I think mergers only make sense when there are real synergies .. and it's not obvious what the synergy between PayPal and any other business would be at this point."
    • GSV Capital (GSVC +1%) might be disappointed to hear Thiel state he thinks "it's going to be a while" before analytics software vendor Palantir (co-founded by Thiel) goes public. Palantir, valued at $9B in a late-2013 funding round, made up 11.2% of GSV's net asset value at the end of Q2.
    • A cautious stance is shown towards Bitcoin (COIN, OTCQB:BTCS). "I think it's worked on the level of a currency ... but it's not yet worked on the level of a payments system, and you need to get the payments system to work."
    • As data breaches pile up, Thiel expects cybersecurity to remain a big problem - "So much commerce is happening on the Internet and we often have no good intuition of how poor the security is." - that needs to be addressed by software. Cybersecurity plays FireEye (FEYE +3.1%) and CyberArk (CYBR +6.5%) are among the high-beta tech names rallying today.
    • Tech ETFs: XLK, VGT, TECL, IYW, ROM, TDIV, TECS, IGM, RYT, QTEC, PSCT, FTEC, FXL, REW, MTK, PTF
    | 7 Comments
  • Apr. 15, 2014, 1:49 PM
    • While broader equity markets are only seeing modest declines, tech stocks aren't so lucky. The Nasdaq-100 (QQQ -0.8%) had its lowest print since October this morning before recovering slightly.
    • Chinese tech stocks (KWEB -4.3%), including 2013 solar high-flyers (TAN -4.2%), are especially hard-hit following a Shanghai selloff triggered by PBOC withdrawals. Other Internet (PNQI -2.3%) and social media (SOCL -2%) stocks aren't faring much better.
    • Will earnings season come to the rescue? Intel and Yahoo report after the bell today, and Google and IBM after the bell tomorrow.
    • Tech ETFs: XLK, VGT, FDN, ROBO, SOXL, SKYY, TECL, USD, SMH, IPK, IYW, ROM, TDIV, SOXS, SOXX, KWT, TECS, XSD, IXN, IGV, FTEC, RYT, IGM, PXN, QTEC, PSCT, FXL, IGN, PSI, SSG, MTK, REW, PXQ, XSW, FONE, PSJ, AAIT, PTF, CQQQ, QQQC
    • Update: Tech stocks rallied in the final hours of trading. The Nasdaq closed up 0.3%.
    | 1 Comment
  • Aug. 14, 2013, 7:07 PM
    • Nasdaq-100 futures (QQQ, XLK) -0.5% AH after Cisco provides relatively light FQ1 guidance to go with an FQ4 beat, and also reports Asia-Pac/Japan orders were down 3% Y/Y (macro is blamed).
    • Networking/telecom hardware vendors and some of their suppliers are naturally the biggest decliners. Many of them have run up strongly this year on hopes of gradually improving carrier capex and enterprise IT spending. ALU -3.3% AH. JNPR -2.4%. ARUN -1.4%. FFIV -2%. ARRS -2.4%. RVBD -3.2%. JDSU -1.6%. FNSR -2.8%. CIEN -2.2%. CAVM -2%.
    | 1 Comment
  • Jul. 19, 2013, 4:31 PM
    The week's ETF movers - Gainers: TAN +8.46%. GDX +6.11%. BRF +4.12%. UNG +4.10%. GAZ +4.07%.
    ETF Losers: VXX -6.80%. PSLV -2.40%. SIVR -1.93%. SLV -1.72%. XLK -1.53%.
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  • Jul. 18, 2013, 5:17 PM
    Nasdaq 100 futures (QQQ) are down 1% in AH trading following earnings misses from Google and Microsoft; Dow and S&P 500 futures are up modestly. XLK -1.4%.
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  • May. 3, 2013, 4:55 PM
    The week's ETF movers - Gainers: XLK +3.9%. QQQ +3.7%. EPI +3.6%. EWY +3.2%. ILF +3.1%.
    ETF Losers: GAZ -4.6%. UNG -4.2%. VXX -2.8%. GDXJ -2.4%. TLT -2.0%.
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  • Jan. 23, 2013, 5:08 PM
    NASDAQ 100 futures -0.5% AH after Apple trades lower on mixed FQ1 numbers and light FQ2 revenue guidance. As one would expect, Apple chip suppliers are also lower. CRUS -6.5% AH. QCOM -1.1%. BRCM -1.7%. SWKS -5.1%. AVGO -1.3%. TQNT -1.4%.
    | Comment!
  • 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.
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  • 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.
    | 17 Comments
  • 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.
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  • 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.
    | 1 Comment
  • Jun. 21, 2011, 2:37 PM
    Advanced Micro Devices (AMD +4.8%) jumps as investors react to a report on brightsideofnews.com 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.
    | Comment!
  • 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.
    | Comment!
  • Jun. 20, 2011, 3:10 PM
    Deutsche cuts Skyworks Solutions (SWKS -6.1%) to Hold, saying it faces a difficult second half. Although there aren't any problems yet, losing market share to Apple (AAPL) - likely worse than originally expected - plus pricing pressures in China and aggressive product markdowns make it hard to continue beating numbers.
    | Comment!
  • Jun. 17, 2011, 2:46 PM
    Spreadtrum Communications (SPRD +4.4%) is taking advantage of recent price weakness to repurchase up to $100M ADS's. The company says it's flush with cash, and the buyback "reflects our confidence with our near- and long-term growth initiatives."
    | 1 Comment
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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.
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Sector: Technology
Country: United States
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