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PTF: Technology Dashboard For April

Software and IT services are currently undervalued relative to 11-year averages, while semiconductors and hardware are deeply overvalued. Invesco DWA Technology Momentum ETF (PTF) has underperformed the sector benchmark XLK since 2006, but impressively outperformed over the past 12 months. PTF is best suited for tactical allocation or swing trading, not long-term investing, due to its risk/return profile.

Seeking Alpha • Apr 17, 2026

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