As year end approaches, Google continues to outperform the broader market. Google (GOOG) is up over 80% year to date compared to a 21% gain for the SPDR S&P 500 (SPY).
Tech investors anxiously await Apple’s quarterly earnings as a sign of whether technology stocks will continue to outperform the broader market. Apple (AAPL) has more than doubled in 2009, far outpacing the 24% gain for the SPDR S&P 500 (SPY).
As the Q2 earnings season unfolds, investors will be watching the Technology sector closely. After outperforming the broader market for most of the year (see Technology Pulls Ahead from early April) technology stocks will now need to deliver on anticipated improvement in earnings performance.
The day after we posted Looking for a Bottom? Start with Sectors, the market tested a new 52-week low and sector performance was telling.
With the US equity market recently hitting a new 52-week low, investors are still waiting for the market to bottom out.
There are close to 200 sector, sub-sector and industry focused ETFs in the ETF MarketPro Directory.