ETFs

Buffet’s Berkshire Taking Interest in Technology: ETFs to Play

TipRanks

Goldman Sachs: These 3 Stocks Are Poised to Surge by at Least 50%

Is it time for the bears to break out the champagne glasses? Not so fast, says Goldman Sachs. Volatility has ruled the Street for the last few weeks, leading some to conclude that those with a more pessimistic outlook had been vindicated, but the firm believes stocks can still climb higher.According to Goldman Sachs’ head of U.S. equity strategy, David Kostin, the S&P 500 could still hit 3,600 by the end of the year, and 3,800 by mid-2021, on the back of vaccine-related optimism and progress with the economic reopening. This would reflect gains of 10% and 16%, respectively, should the index ultimately reach these targets.“Despite the sharp sell-off in the past week, we remain optimistic about the path of the U.S. equity market in coming months. The Superforecaster probability of a mass-distributed vaccine by Q1

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Should You Buy or Fear the Dips in Technology ETFs?

Wall Street has started rebounding from a three-day rough patch beginning Sep 3, after a strong August. This downturn induced by the sharp sell-off in technology stocks could have been a result of people rushing to book profits, may be due to worries over very high valuations, uncertainty over another pandemic stimulus package, budget negotiations and the approaching elections.

The Dow Jones Industrial Average saw a 1.6% increase on Sep 9. Moreover, the S&P 500 index gained 2% and the Nasdaq composite was up 2.7% on the same day. In fact, the broader market index witnessed its best day since Jun 5 when it inched up 2.6%, per a CNBC article. Moreover, the tech-heavy Nasdaq Index saw its biggest one-day gain since Apr 29 when it rose 3.6%.

The S&P 500 Information Technology Index was also up 3.4% on Sep 9 and witnessed its biggest one-day gain since late Apr

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Top 10 Largest Technology ETFs: Riding the Tech Wave

What are the largest technology ETFs? Technology companies are dominating the stock market, and of course, the world. With the rise of artificial intelligence, machine learning, and other futuristic technologies, tech companies are expected to play an even bigger role in our lives. If you are bullish on the tech sector, technology ETFs are one of the simplest and easiest ways to gain exposure to a broad range of tech companies. Here we take a look at the top 10 largest technology ETFs listed in the US.

Technology ETFs invest in the stocks of companies providing technology hardware, software, and services. They include Apple, Amazon, Facebook, Microsoft, Cisco, Nvidia, and more. Some tech ETFs also have medical devices stocks in their portfolio.

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There are more than 80 technology ETFs in the US. When investing in ETFs, you should look at their assets under management (AUM), trading volumes,

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Is It Time to Rotate Out of Tech ETFs?

Technology stocks and ETFs have been star performers of this year. The coronavirus outbreak could not take the sheen out of this sector, rather added more to it. Social distancing norms enacted globally to mitigate the spread of the virus compelled people to stay at home, binge on online shopping and work as well as learn from home.

As a result, the demand for clouding computing, video gaming, online payment services as well as shopping and cyber security facilities surged. U.S. technology is the “longest ‘long’ of all-time,” per the findings in Bank of America’s monthly fund manager survey, as quoted on CNBC. As much as 74% of fund managers found U.S. technology and growth to be the “most crowded trade,” — the highest level ever in BofA’s monthly survey.

No wonder, Technology Select Sector SPDR Fund XLK is up 16.5% this year versus the 0.5% dip in the S&P

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