Potential ETF Opportunities in Overdone Stock Market Correction | Page 2 of 2 | ETF Trends

Jonathan Golub of RBC Capital Markets believes that some of the worst off stocks, like Netflix (NasdaqGS: NFLX), Facebook (NasdaqGS: FB), Amazon (NasdaqGS: AMZN), Google (NasdaqGS: GOOG) and Apple (NasdaqGS: AAPL), may be areas that investors should turn to now, Bloomberg reports

“The one thing they have in common is none of them need a stronger economy to generate their revenues,” Golub told Bloomberg. “They’re companies that are innovating and taking market share and in a slow global growth environment. Those characteristics are the whole market story.”

ETF investors can look to technology sector ETFs to capture the potential rebound. Tech ETFs were the best off sector during the Monday selling pressure, or at least one area that did not retreat as much

For instance, the SPDR Morgan Stanley Technology ETF (NYSEArca: MTK) includes 6.1% NFLX, 4.7% AMZN, 3.5% GOOG, 3.4% GOOGL, 3.1% FB and 2.7% AAPL. MTK is down 1.7% year-to-date.

The First Trust Dow Jones Internet Index Fund (NYSEArca: FDN) includes AMZN 10.7%, FB 10.0%, GOOGL 6.0%, GOOG 5.7% and NFLX 4.9%.

Investors can also look at the Nasdaq-100 ETF, PowerShares QQQ (NasdaqGM: QQQ), for large exposure to some of the biggest tech names. QQQ includes a hefty 12.7% position in AAPL, along with 4.4% GOOG, 4.0% FB, 3.9% GOOGL, 4.8% AMZN and 0.9% NFLX.

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Max Chen contributed to this article.