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Danger Zone For This Week: 'Passive' Investors
David Trainer • Wed, Jun 12 • 6 Comments
'Index' Label Myths
David Trainer • Tue, Jun 4 • 1 Comment
No Bubble Yet -- But The Compressor Needs To Be Shut Off
Kyle Rudduck • Wed, May 22 • 3 Comments
Best And Worst ETFs And Mutual Funds: Information Technology Sector
David Trainer • Wed, Apr 24 • 2 Comments
Can Apple Save Technology ETFs?
Gary Gordon • Mon, Apr 22
3 Stocks With Positive Upgrades And How To Invest
Nick Chiu • Thu, Feb 28
Poisonous Apple? 3 Broad Technology ETFs With Limited Or No Exposure To The Largest Tech Stock
Alan Brochstein • Mon, Jan 21 • 1 Comment
Checking Up On Post Bubble Markets
Bespoke Investment Group • Wed, Dec 26, 2012 • 4 Comments
2 Portfolios Moves To Consider As Fiscal Cliff Looms
Russ Koesterich • Thu, Nov 22, 2012 • 12 Comments
Is The Market In Trouble?
George Simone • Tue, May 22, 2012 • 9 Comments
Top 10 Technology ETFs
David Fry • Wed, May 16, 2012 • 8 Comments
Oracle Is Too Cheap To Ignore Any Longer
Chuck Carnevale • Thu, Feb 16, 2012 • 71 Comments
Best And Worst Funds: Information Technology Sector
David Trainer • Tue, Jan 31, 2012
In Search Of An Efficient ETF Portfolio
Maurice Chia • Tue, Jan 24, 2012 • 15 Comments
Q4 Usually Belongs To The Risk-Takers [Podcast]
Gary Gordon • Mon, Oct 10, 2011
Picking The Diamonds Out Of The ETF Rough
David Trainer • Fri, Oct 7, 2011 • 4 Comments
HP And Oracle Lead Tech Sector Higher
Tom Lydon • Thu, Sep 22, 2011
Is Apple Behind New Fund Flows Into Large-Cap Growth ETFs?
Gary Gordon • Tue, Sep 20, 2011 • 1 Comment
A Deflating Technology Bubble
The 451 Group: Inorganic Growth • Tue, Sep 13, 2011 • 1 Comment
Tech Sector ETF Rankings for 3Q11
David Trainer • Wed, Jul 20, 2011

There are no Transcripts on IGM.

Peter Brimelow: Letters retreating—but not all routed

at MarketWatch.com (Mar 18, 2011)

IGM vs. ETF Alternatives

IGM Description

The iShares S&P North American Technology Sector Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of U.S.-traded technology companies, as represented by the S&P North American Technology Sector Index™.
See more details on sponsor's website

Sector: Technology

Country: United States

Key Info

In Your Portfolio: A Guide to Sector ETFs, Technology ETFs
Asset Class Performance: Sectors

All
| Earnings
| Dividends
| M&A
| On the move

Wednesday, June 19, 10:53 AM "Sell in May and go into cyclicals," says Ralph Acampora after the last month. He reminds of an old adage saying sectors going down the least during a selloff become the new market leaders. During SPY's 5.2% decline from May 22-June 6, the best performers were Tech (XLK) and Industrials (XLI). The worst were Telecommunications (IYZ) and Utilities (XLU). This "rolling rotation" between sectors is necessary, he says, to give further life to the secular bull market begun in March 2009. 3 Comments
Tuesday, May 28, 7:41 AM "Tech (XLK, QQQ) is where cash goes to die," says Bill Smead as research shows massively over-capitalized companies don't perform any better than undercapitalized ones. "There's not enough tension - you don't make very good decisions what to with cash when you've got too much of it - unless you're Warren Buffett." Example #1 is Microsoft (MSFT): "They've probably lost more money in the last 13 years in the online business than any single corporation ... in history." 3 Comments [Tech]
Friday, May 17, 8:13 AM Thomas Lee lifts his year-end S&P 500 (SPY) forecast to 1,715 from 1,580 as the bull has already outrun his expectations. His team sees clues economic performance is picking up, including the outperformance of semiconductors (XSD) vs. transports (IYT), and the steepening of the 10 year/30 year Treasury curve. Risk/reward is particularly appealing in tech (XLK), healthcare (XLV), and financials (XLF). Comment!
Monday, April 29, 12:13 PM "Which has a higher P/E - Procter & Gamble (PG) or Google (GOOG)," asks the WSJ's Tom Lauricella. Enthusiasm for anything with yield has driven the P-E ratios of dividend payers (DVY) like P&G maybe way too high. Techs (XLK) with double-digit earnings growth, no debt, and massive cash balances trade at 12x, says MFS' James Swanson, while a utility (XLU) in Ohio is at 16x. "How far do you go with this game?" "Pretty far," says Templeton's Donald Taylor. "The macro environment (causing this) is not at all likely to change anytime soon." 7 Comments [Quick Ideas]
Friday, April 26, 8:34 AM The beginning of a bigger move? Two of the year's three strongest performing sectors - healthcare (XLV) and consumer staples (XLP) - are down on the week as the three weakest sectors - energy (XLE), materials (XLB), and tech (XLK) - post gains of 3%-4.5%. 2 Comments
Thursday, April 11, 7:03 PM The pace at which new technologies are disrupting companies makes it dangerous to be a value investor, argues VC Ashvin Bachireddy. As mobile devices, cloud software, e-commerce, and much else upends old business models, investing in a BlackBerry or an OfficeMax/Office Depot due to a low P/E can prove painful. "While there may still be opportunities for value investing, you need to be cautious of businesses that appear to be on a slow decline." His remarks seem prescient in light of what happened today to several PC-related names with low multiples. 14 Comments [Tech, Consumer, Quick Ideas]
Wednesday, April 3, 1:58 PM Gartner forecasts global IT spending will grow 4.1% this year to $3.8T; that represents a pickup from 2012's 2.1% growth. Hardware is expected to grow 8% to $718B as mobile strength offsets PC/printer weakness, and enterprise software 6.4% to $297B. Gartner: "The global steady growth rates are a calm ocean that hides turbulent currents beneath ... there are clear winners and losers over the next three to five years, as we see more of a transition from PCs to mobile phones, from servers to storage, from licensed software to cloud, or the shift in voice and data connections from fixed to mobile." Comment! [Tech]
Wednesday, March 27, 12:47 PM "For the 1st time in long time I have begun to short big-cap techs," tweets high-profile tech newsletter writer Fred Hickey. He refers to the market's recent gains as " a dangerous, unsustainable Fed-induced rally." Last month, Hickey offered a downbeat view on tech stocks in Barron's, citing high multiples and weak PC, mobile phone, and enterprise IT demand. 2 Comments [Tech, Quick Ideas]
Tuesday, February 26, 6:55 PM Company-specific risk for tech stocks is at its highest level in 5 years, claims Morgan Stanley's Adam Parker. He thinks this "typically this bodes well for alpha generation in the technology sector," and suggests investors focus on individual equities rather than sector/thematic plays. Meanwhile, Bespoke observes 28 out of 70 S&P 500 tech stocks (40%) now yield more than 2%, giving them a payout above that of 10-year Treasurys. STX tops the list at 4.9%, followed by INTC at 4.35%. 2 Comments [Tech, Quick Ideas]
Wednesday, January 23, 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! [Tech, On the Move]
Tuesday, January 15, 6:39 PM S&P 500 tech companies are expected to report a 1.1% Y/Y drop in Q4 earnings, their first decline since Q3 '09, per Thomson Reuters. A chip industry downturn, weak PC and home electronics sales, and (important given the company's size) Apple's expected EPS decline are all playing a role. Nonetheless, low valuations for many tech names have attracted bargain hunters; Merrill believes tech stocks are collectively undervalued by 32% on a forward P/E basis, and claims every tech industry outside of IT services is trading at a historical discount. 3 Comments [Tech]
Monday, January 14, 9:24 AM "Within tech, we think that prospects of a potential bottoming in consensus estimates are improving ... relative safe haven stocks could be used as a source of funds," writes JPMorgan's Mark Moskowitz, explaining why he's downgrading EMC (EMC -1%) and IBM (IBM -1%) while upgrading H-P (HPQ +1.6%) and Fusion-io (FIO +6.1%). Apple and NetApp are his top large-cap picks, and Fusion-io, which he argues continues to "hold the pole position in server-side data acceleration," is his top small/mid-cap pick. EMC has already seen a raft of negative sell-side notes. Comment! [Tech, Quick Ideas]
Monday, December 17, 2012, 2:40 PM The tech sector is "trading at a discount to the market for the first time in 20 years," notes Merrill, which advises going overweight on tech stocks (along with energy and industrial names). Barclays portfolio strategist Barry Knapp also sees tech doing well in 2013. More cautious is JPMorgan's Mark Moskowitz, who forecasts 2013 IT spending growth of just 1.7% amidst weak demand for PCs (mobile cannibalization) and servers (the sales lift provided by virtualization is slowing down) (Marc Andreessen) Comment! [Tech, Quick Ideas]
Wednesday, December 12, 2012, 9:34 AM "If (tech's) a bubble, it's the weirdest bubble I've seen," says Marc Andreessen, speaking at a conference. The current situation is more like a tech depression, he argues, noting tech stocks are trading at the sort of discount to industrials that hasn't been seen since the 1970s. "The public market is trading tech like a steel mill that's about to go bankrupt ... What is going on?" 5 Comments
Tuesday, November 20, 2012, 9:46 AM Divergence in tech land: BAML's weekly check (h/t Raj Dhaliwal) of net buys of technology stocks by client shows the heaviest-ever buying by institutions against nearly the largest-ever selling by private clients. So funds were buying Apple last week as individuals were selling? 3 Comments [Tech]
Friday, October 19, 2012, 3:26 PM Take comfort or get worried, but the tech correction - the XLK is off about 7% since hitting an 11-year high a month ago - is catching the eye of the technicians and trend-followers. Tomi Kilgore says the index is only a hair above its 200-day moving average. Never one to miss a move, Dennis Gartman always pays attention when market leaders "suddenly lose their stripes." Comment! [Quick Ideas, Tech]

Jim Van Meerten
$IGM - 96% Barchart technical buy signal - 19 new highs and up 11.11% in the last month - Relative Strength Index 74.73%
May 20, 5:16 PM
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David Fry
Dave discusses SPY, UYM, XLF, XHB, XLE, IGM, IYT, GLD, USL, UUP, EWZ, XLY, DBC & FXE in todays intraday vid. http://bit.ly/8zVhJQ (members)
2/2/10
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David Fry
Dave discusses XLB, GLD, FXE, SPY, IGM, DBC, TLT, EEM & EFA in todays intraday video commentary. http://bit.ly/8zVhJQ (members)
2/1/10
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SA Editor Jonathan Liss
The following ETFs have AAPL as a top 10 holding (weight in parenth.): QQQ (14.3%), IYW (9%), IGM (8.1%), XLK (7.7%), VGT (7.3%)
10/19/09
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