CFRA strong-buy recommended Apple (AAPL) and Alphabet (GOOGL) comprise 14% and 5% of assets, respectively.

According to CFRA equity analyst Angelo Zino, the strong buy opinion on Apple primarily reflects AAPL’s compelling valuation, superior ecosystem, high customer retention rates, and robust free cash flow generation/cash position.

Meanwhile, CFRA buy recommendations Facebook (FB), Intel (INTC) and Oracle (ORCL) are also top-10 holdings. In addition to holdings analysis, CFRA views VGT as having favorably low costs factors.

Todd Rosenbluth is Director of ETF & Mutual Fund Research at CFRA.