Still, Oppenheimer analyst Yair Reiner says the strengths that have allowed the tech sector to outperform other markets still remain. “Don’t forget, technology companies in general have probably the best balance sheets out there, and probably have the highest growth still,” Lazard Capital analyst Daniel Amir said. “People will be swarming back into tech once we get a little past the correction.”
Whatever troubles tech experienced last week, they appear to have been a blip on the radar. Use a trend-following strategy to spot opportunities in this sector. [How to Follow Trends.]
For more stories about technology, visit our technology category.
- iShares S&P North American Technology (NYSEArca: IGM)
- Technology Select Sector SPDR (NYSEArca: XLK)
- iShares Dow Jones U.S. Technology (NYSEArca: IYW)
- First Trust NASDAQ-100 Tech (NASDAQ: QTEC)
Sumin Kim contributed to this article.
