Page 17 - Weight Technology News Today

If picking individual stocks scares you, here are three excellent alternatives.

Tech has lagged all year round in 2022, with the Nasdaq tumbling 29.62% year to date as of December 12. Tech stocks have been the victim of high interest rates, high inflation, and huge sell-offs.

Growth stocks have been punished in 2022. The Feds aggressive rate hikes throughout the year panicked investors who abandoned ship and caused major sell offs in tech.

Investors looking to overweight the tech and real estate sectors may want to consider an equal weight funds RYT and EWRE.

Investors looking to reallocate funds to the tech sector should consider RYT, which is outperforming the cap-weighted sector index.

O Shaughnessy Asset Management LLC grew its stake in shares of Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT – Get Rating) by 228.4% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 2,483 shares of the company’s stock after acquiring an additional 1,727 shares […]

The tech sector maintained strength in the past two weeks following the latest CPI release that showed inflation eased in October. 

A major selloff in tech stocks this year could have investors seeking out equal-weight S&P 500 funds.

Equal weight sector ETFs are better positioned as Big Tech companies report disappointing third quarter earnings.

In the first nine months of 2022, IT sector ETFs gathered $6.2 billion, even as investors redeemed $1.1 billion in the third quarter.