Carnage In The Tech Sector

Is This A Buying Opportunity?

Investors,

The tech sector isn’t in a bear market, but it’s certainly underperforming.

In fact, there are a significant amount of individual tech stocks, notably in the software industry, that are experiencing substantial downside in this market. As of Friday’s close, 95 stocks in the S&P 500 that have fallen at least -20% from their 52-week highs. 20 of those 95 are in the technology sector, more than any other sector.

While the iShares U.S. Technology ETF ($IYW) made new all-time highs on May 28th and has only fallen -3.2% from those highs, the iShares Expanded Tech Software ETF ($IGV) peaked on February 9th and has fallen -12.1% since then.

In other words, while mega-cap tech has done well in this market environment, there’s quite a bit of carnage occurring under-the-hood…

In my opinion, this divergence is setting up for an amazing buying opportunity.

While this buying opportunity might not pay off in the short-term, as the recent market pressure & tech underperformance can persist, investors who are willing to stomach short-term uncertainty could be big beneficiaries in due time.

This exclusive edition of Cubic Analytics will focus on the top opportunities in the market today and the setups that could be the most rewarding for patient investors.

In total, I’ll highlight 26 charts & 15+ stocks that are at the top of my shopping list.

The report will also cover:

• S&P 500 under-the-hood metrics

• A breakdown of my long-term portfolio activity this week

To access this report, future premium reports, and experience the full benefits of Cubic Analytics on Substack, consider upgrading your membership today and take advantage of the special discount I’m offering on annual plans!