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The NASDAQ 100 Pre-Market Indicator is up 15.3 to 15,273.82. The total Pre-Market volume is currently 34,804,588 shares traded.The following are the most active stocks for the pre-market session: ProShares UltraPro Short QQQ (SQQQ) is +0.06 at $18.67, with 2,370,681 shares trade

Investors may understandably feel confused about what to make of Zoom Video Communications (NASDAQ: ZM) stock. Investors ran up Zoom stock during the pandemic peak and then sold it off. After several periods of buying and selling, it trades at an 88% discount to its all-time high

The long-term tailwinds for electric vehicles (EVs) are as strong as ever. But investor excitement for EV stocks, and EV charging stocks, has taken a dive as valuations have compressed and a challenging business climate has dampened the short-term trajectory of EV adoption.

China's passenger vehicle sales returned to growth in August from a year earlier, as further price cuts and new tax breaks for electric vehicles and other green cars boosted consumer sentiment, despite the struggling broader economy.

The tech sector is back in 2023, riding the excitement regarding AI and other technological advances to massive gains. The Technology Select Sector SPDR ETF ( NYSEARCA:XLK) , which invests in the technology sector of the S&P 500 ( SPX ), has returned a scintillating 42.6% year-to-date. But this type of stellar performance is nothing new for this top tech ETF, which has been rewarding its investors with excellent returns for many years. So, let’s take a look at this long-term winner that is still attractive.   Stellar Track Record XLK has established itself as a consistent, long-term winner. How good has XLK’s performance been over the years?  As of the end of the most recent quarter, XLK put up an impressive annualized total return of 19.5% over the past three years. Zooming out to five years and 10 years, the fund has managed to return over 20% on an annualized basis over each time frame, with outstanding total annualized returns of 21.5% over the past five years and 20.7% over the past 10 years. These returns are great on their own accord, but how do they stack up against the broader market over the long term? As of the end of the most recent quarter, the Vanguard S&P 500 ETF ( NYSEARCA:VOO) , a good proxy for the S&P 500, returned 14.6% on an annualized basis over the past three years. Over the past five years, it has returned 12.3% on an annualized basis, and over the past 10 years, it has posted an annualized return of 12.8%. These are solid returns, but XLK’s returns over each of the three time frames are superior, putting it among one of the rare ETFs that can say it has decisively beaten the market over the long run. A Cost-Effective Option XLK has given investors a market-beating performance over the past decade, and it does so for a very reasonable price, with an expense ratio of just 0.10%. This means that an investor putting $10,000 into XLK today would pay just $10 in fees in year one. Assuming the ETF returns 5% per year going forward and the fee remains 0.10%, this same investor would pay a reasonable $128 in fees over the course of the next 10 years.  It's worth noting that XLK's expense ratio is significantly lower than that of the Invesco QQQ Trust ( NASDAQ:QQQ) , the largest and most popular tech-centric ETF, which charges a still-reasonable 0.20%.   XLK's Holdings  XLK sports 67 holdings, covering the technology sector of the S&P 500. Below, you’ll find an overview of XLK’s top 10 holdings from TipRanks’ holdings tool. Despite the fact that it has 67 holdings, this is a fairly concentrated fund, as its top 10 holdings account for 69.5% of assets, and its top two holdings, Apple ( NASDAQ:AAPL ) and Microsoft ( NASDAQ:MSFT ), combine to make up more than 44%. This isn’t necessarily a bad thing, but investors should be aware that XLK has a lot of exposure to these two stocks.  Part of the reason that XLK has outperformed the market over the years is that its top holdings include some of the most innovative companies in the U.S. market (not to mention globally), creating the products, technologies, and applications that have revolutionized the way many people work and live their day-to-day lives. This is true whether it’s consumer-facing products from the likes of Apple and Microsoft, enterprise-facing products from Adobe ( NASDAQ:ADBE ), Salesforce ( NYSE:CRM ) and Oracle ( NYSE:ORCL ), or the semiconductor companies that make many of these applications possible, like Nivida ( NASDAQ:NVDA ), Broadcom ( NASDAQ:AVGO ) and Advanced Micro Devices ( NASDAQ:AMD ).  You may notice that several big names are conspicuously absent from XLK’s portfolio. The likes of Amazon ( NASDAQ:AMZN ), Meta Platforms ( NASDAQ:META ), Alphabet ( NASDAQ:GOOG ) ( NASDAQ:GOOGL ), and Tesla ( NASDAQ:TSLA ), are not part of XLK’s portfolio. This is because while we often think of them as tech stocks, the S&P index classifies Meta Platforms and Alphabet within communications services, and they can be found within the Communication Services Select Sector SPDR Fund ( NYSEARCA:XLC) . Meanwhile, Amazon and Tesla are classified as consumer discretionary companies and can be found within the Consumer Discretionary Select Sector SDPR Fund ( NYSEARCA:XLY) , where they combine to make up more than 40% of the fund’s holdings. An Outperform Smart Score Rating TipRanks’ Smart Score system rates XLK’s top holdings highly. The Smart Score is a proprietary quantitative stock scoring system created by TipRanks. It gives stocks a score from 1 to 10 based on eight market key factors. A score of 8 or above is equivalent to an Outperform rating. As you can see in the table above, an impressive eight out of XLK’s top 10 holdings have Outperform-equivalent Smart Scores of 8 or higher. XLK itself features an Outperform-equivalent ETF Smart Score of 9.  Is XLK Stock a Buy, According to Analysts?  Turning to Wall Street, XLK earns a Moderate Buy consensus rating based on 55 Buys, 12 Holds, and no Sell ratings assigned in the past three months. The average XLK stock price target of $199.81 implies 15.9% upside potential. Looking Ahead XLK has put up a banner performance in 2023. Still, this outstanding performance is nothing new -- it is one of the rare ETFs that has soundly beaten the broader market over a long period of time. The ETF enjoys favorable views from analysts and an excellent rating from TipRanks’ Smart Score System. However, investors should be aware that while XLK owns many of today’s tech companies, it doesn’t own some of the archetypical technology stocks like Meta Platforms or Amazon, as these are grouped into different sectors by the S&P. Nevertheless, XLK’s investor-friendly expense ratio, impeccable track record, and strong portfolio of top technology companies make it look like a solid long-term bet.  Disclosure

Ghana's sovereign wealth fund will invest almost $33 million in a lithium mine in the country and take a minority stake in its developer Atlantic Lithium, the company said on Friday.

Tech stocks were lower late Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) declining 1.4% and the Philadelphia Semiconductor index falling 1.8%.

FuHonda Motor Co. is the latest automaker to announce it will adopt Tesla’s charging technology. Honda announced Thursday it will use Tesla’s fast-charging port for its EV models. The new charging port will be in effect in models available in North America starting in 2025. Ford and GM, as well as other electric vehicle makers, [...] Read more at ETFTrends.com.

Tech stocks were lower Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) declining nearly 2% and the Philadelphia Semiconductor index falling 2.3%.

A Russian businessman with ties to the Kremlin was sentenced on Thursday to nine years in a U.S. prison after being convicted of participating in a $93 million insider-trading scheme involving hacked secret earnings information about multiple companies.

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard S&P 500 ETF (Symbol: VOO) where we have detected an approximate $4.3 billion dollar inflow -- that's a 1.3% increase week over week in

The S&P 500 and Nasdaq fell on Thursday with Apple leading declines in megacap growth stocks on concerns over China's iPhone curbs, while a fall in weekly jobless claims stoked worries about sticky inflation.

Self-driving autos are gaining traction, and several companies are testing their robotaxi fleets. From one old-school automaker to a specialized AI chip giant, here are three prime stocks to play the autonomous driving industry.

What happened Shares of electric car charging company ChargePoint (NYSE: CHPT) collapsed this morning, tumbling 25% through 10 a.m. ET after a huge earnings miss was reported last night.

A Russian businessman with ties to the Kremlin was sentenced on Thursday to nine years in a U.S. prison after being convicted of participating in a $93 million insider-trading scheme involving hacked secret earnings information about multiple companies.

The S&P 500 and Nasdaq fell on Thursday with Apple leading declines in megacap growth stocks on concerns over China's iPhone curbs, while weaker-than-expected jobless claims data stoked worries about sticky inflation.

Cathie Wood's Ark Invest has made a name for itself with bold bets on high-growth stocks. Wood ignores short-term volatility in her exchange-traded funds (ETFs) and invests in companies based on their long-term potential.

The NASDAQ 100 Pre-Market Indicator is down -185.06 to 15,186.38. The total Pre-Market volume is currently 30,767,876 shares traded.The following are the most active stocks for the pre-market session: ProShares UltraPro Short QQQ (SQQQ) is +0.47 at $18.65, with 3,793,473 shares

China has in recent weeks widened existing curbs on the use of iPhones by state employees, telling staff at some central government agencies to stop using their Apple mobiles at work, two sources familiar with the matter said.

The S&P 500 and Nasdaq futures fell on Thursday over concerns about sticky inflation, while investors awaited comments from key Federal Reserve officials later in the day to gauge the U.S. interest rate path.