Tech Sector Now Decently Undervalued

We examine how this sector handled the market turmoil and what to expect.

Apr 9, 2020

Mentioned: ServiceNow Inc (NOW) , Palo Alto Networks Inc (PANW) , Okta Inc (OKTA) , CrowdStrike Holdings Inc (CRWD) , Salesforce.com Inc (CRM) , Tyler Technologies Inc (TYL) , Microsoft Corp (MSFT) , Micron Technology Inc (MU)

Editor’s note: Read the latest on how the coronavirus is rattling the markets and what investors can do to navigate it.

Brian Colello: Looking at technology as of March 26, the U.S. Technology index over the past year is still up 11%. Meanwhile, the equity market is down 6%. If we look at both markets on a year-to-date basis, since Jan. 1, tech is down only 10%, whereas the equity market is down 19%, again as of March 26.

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Brian Colello does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

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