Tag: TopRanked

5 Top-Ranked Technology ETFs Worth a Bet Now

Wall Street is mostly seeing a rough stretch, marked by the sharp selloff in technology stocks beginning Sep 3. The market turbulence could have been a result of people rushing to book profits, probably due to worries over high valuations, uncertainty over another pandemic stimulus-relief package, budget negotiations and the approaching elections. Also, September is historically considered the worst month for the stock market. Per LPL Financial data published in a Yahoo Finance article, the S&P 500 has fallen about 1%, on average, in September since 1950.

However, we must not forget that the technology sector has remained relatively strong

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Top-Ranked ETFs That Crushed the Market in 1H

The first half of 2020 was marked by huge volatility mainly triggered by the COVID-19 outbreak, which had pushed the U.S. stock market into bear territory in late March. However, the stocks staged an impressive comeback from the lows. A booming technology sector, an unprecedented stimulus from the central bank and the government, and hopes of a potential coronavirus vaccine were the biggest catalysts in driving the stocks higher. Additionally, the rounds of data indicate that the economy has been recovering faster than expected from the COVID-19 pandemic.

However, renewed concerns over a second wave of coronavirus disease charged up

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5 Top-Ranked Nasdaq-Listed Tech Stocks to Buy Right Now

After crashing in March, the U.S. stock market rebounded strongly in the months of April and May from the pessimism surrounding the coronavirus crisis. Optimism over a potential vaccine for COVID-19 and an uptick in economic activities, as lockdown measures are now starting to ease, are mainly driving the U.S. stock market.

The technology sector played a crucial role in the quicker-than-expected recovery of the stock market. During the April-May period, the tech-laden Nasdaq Composite index gained 24%, bringing the index’s year-to-date return to +5.8% at the end of May from the -14.2% witnessed at the end of March.

The

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