“So many funds are invested in the same stocks. They got less crowded in the past week, but at this point it’s difficult to say if we are going to shrug everything off and go to new highs a month from now, or if we’re going to test more lows,” Dennis Dick, a proprietary trader at Bright Trading LLC, told Reuters.

Related: U.S. Stock ETFs Should Shrug Off Volatility

Nevertheless, the sell-off has made this area of the market more palatable as a cheaper entry point for investors. For example, the dip in Amazon and Facebook has left the company stocks trading at discounted multiples of their expected earnings. Amazon’s forward price-to-earnings ratio last week was 74, a seven-year low. Facebook traded at 18 times expected earnings, the lowest since its 2012 public listing.

ETF investors could also gain exposure to these areas through sector ETF plays. For instance, the newly minted Communication Services Select Sector SPDR Fund (NYSEArca: XLC) includes many software and internet names, like Facebook 17.3%, Alphabet Class C 11.2%, Alphabet Class A 11.0% and Netflix 4.4%. Additionally, Amazon is the largest component holding of Consumer Discretionary Select Sector SPDR (NYSEArca: XLY) at 22.4% of the ETF’s underlying portfolio.

For more information on market sectors, visit our sector ETFs category.

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