Tech Sector Now Decently Undervalued
We examine how this sector handled the market turmoil and what to expect.
|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.
Brian Colello does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.