U.S. tech stocks driving market rally with robust earnings and price momentum
What are we looking for?
U.S. technology companies showcasing strong earnings and impressive revenue growth, identified through Trading Central’s Quantamental Factor investing framework.
Tech shares have been making strong gains, with the SPDR Select Technology Sector fund ETF (XLK) outperforming all other SPDR sector ETFs with a 26.68-per-cent return over three months. This week, we focused on the technology sector to identify top quant-rated U.S. tech stocks demonstrating upward price and earnings momentum using Trading Central’s Quantamental Factor investing methodology.
The screen
To narrow our focus to more established companies, we set a minimum market capitalization of US$5-billion, effectively filtering out smaller, potentially…
