Tech Sector ETF Outperforms Dow 30 and S&P 500

Strategic Insights -

The Technology Select Sector SPDR Fund, which consists of 71 companies, including seven components of the Dow Jones Industrial Average, has a year-to-date gain of 18%, outperforming the Dow 30 and S&P 500 with year-to-date gains of 8.9% and 13%, respectively. Four of the Dow 30 components, Cisco Systems, IBM, Intel, and Microsoft, were profiled, with Cisco having a year-to-date gain of 26% and Intel having a year-to-date gain of 45%.

Key Takeaways:

  • The Technology Select Sector SPDR Fund has a year-to-date gain of 18%, outperforming the Dow 30 and S&P 500.
  • Cisco Systems has a year-to-date gain of 26%, outperforming the tech sector ETF.
  • IBM has a year-to-date loss of 14%, underperforming the tech sector ETF.
  • Intel has a year-to-date gain of 45%, easily outperforming the tech sector ETF.
  • Microsoft has a year-to-date gain of 28%, outperforming the tech sector ETF.
  • The tech sector ETF has been above its 200-week simple moving average since September 2010.
  • The weekly chart for the tech sector ETF is positive but overbought, with its key weekly moving average at $41.34.
  • The momentum reading for the tech sector ETF is above the 80.00 overbought threshold at 84.77.

Statistics:

  • The Technology Select Sector SPDR Fund has a year-to-date gain of 18%.
  • Cisco Systems has a year-to-date gain of 26%.
  • IBM has a year-to-date loss of 14%.
  • Intel has a year-to-date gain of 45%.
  • Microsoft has a year-to-date gain of 28%.

Sources:

  • TheStreet: "Why This Market Rally May Never Happen Again"
  • TheStreet: "Cisco Systems Stock is Higher Today"
  • TheStreet: "IBM Stock Climbing Today"
  • TheStreet: "Intel Corporation Bets Big on Custom Chips"
  • TheStreet: "December 26 Pre-Market Briefing"
  • TheStreet: "10 Best ETFs to Add to Your Investment Portfolio in 2015"
  • TheStreet: "Jim Cramer on the Stock Market"