XLK Stock Recent News
XLK LATEST HEADLINES
XLK is a 25-year old product that offers coverage to the tech component of the S&P 500. We measure XLK's qualities versus its larger and more diversified peer VGT. We touch upon a range of other positive and negative factors that drive our neutral stance on XLK.
SS&C ALPS Advisors' disruptive technologies ETF provides notably different exposure than a broad tech sector fund. The differences in composition between ALPS' fund versus the broad benchmark could be seen in last month's performance.
SS&C ALPS Advisors' disruptive technologies ETF generated attractive returns for investors last month. The ALPS Disruptive Technologies ETF (DTEC) climbed 15.80% in November, outpacing the broad-based tech sector.
The Technology Select Sector SPDR Fund ETF has outperformed the NASDAQ due to its increasing position in Apple. The ETF's large overweight in Apple and Microsoft poses a lack of diversification and potential underperformance. Valuation and EPS growth are headwinds to upside potential.
Microsoft (MSFT) hit an all-time high on Nov 20 as it secures OpenAI co-founders Sam Altman and Greg Brockman to lead its new in-house advanced AI research team.
The latest 13-F filings of billionaires indicate that most are still bullish on big techs.
Designed to provide broad exposure to the Technology - Broad segment of the equity market, the Technology Select Sector SPDR ETF (XLK) is a passively managed exchange traded fund launched on 12/16/1998.
U.S. equities skyrocketed at midday as consumer inflation came in lower than expected, boosting optimism the Fed might not hike interest rates further to bring down prices. The news sent bond yields tumbling.
Although investors' sentiments have been dampened by the tepid outlook provided by Apple, there are several positive factors that make investing in Apple ETFs a compelling option.
Although the overall market, specifically the technology sector, has faced steady selling pressure over the previous three months, now down about 2% year-to-date, the sector has still outperformed.