Nine quality names in a strongly rebounding U.S. tech sector [Toronto Globe and Mail (Ontario, Canada)]
Intel Corporation (INTC)
Last intel corporation earnings: 4/23 04:07 pm
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Source: Toronto Globe and Mail
Nine quality names in a strongly rebounding U.S. tech sector Quality names in a strongly rebounding tech sector. Looking at U.S. sector performance, the Technology Select Sector SPDR Fund (XLK) is only down 6.3 per cent year-to-date, making it one of the best performing sectors in the market. Computer hardware and software stocks are seeing the best performance inside the tech sector. With the Nasdaq-100 rallying an impressive 36 per cent since March lows, the index has now rebounded by more than half of its decline, based on market capitalization, since posting record highs in February. Those thinking the market will decline further have missed an impressive move over the past few weeks. Are we witnessing the shortest bear market in history or is the market getting ready to test the lows? No one knows; we have been preparing for a move in either direction. If you are a bullish investor looking to take advantage of a 16-per-cent decline in the technology sector year-to-date, we believ
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