The Invesco S&P SmallCap Information Technology ETF (PSCT) has outperformed the XLK ETF by 9% since January 2026, primarily due to strong gains in semiconductor stocks. This performance aligns with accelerating earnings growth in the semiconductor sector. However, PSCT's exposure to slower-growing software and services stocks has limited its overall returns and risk-adjusted performance. Investors might consider more efficient alternatives like XSD and PSI or the large-cap XLK ETF for better quality and long-term results.
In the first half of 2026, the market returned 8%, driven by strong performances in technology and energy sectors. Looking ahead to the second half, financials and communication services are seen as attractive due to growth potential and reasonable v...
Barclays increased its year-end 2026 S&P 500 target to 7,800 from 7,650, driven by a stronger earnings outlook for U.S. companies. The bank raised its 2026 earnings-per-share estimate to $337, expecting about 21% annual growth from 2025. Despite trim...
