3 Overbought S&P 500 Tech Stocks. Hold Or Sell?
@JC888:
Looking back, the S&P 500 index has had a strong performance in 2023. As of Fri, 14 Jul 2023, it has gained +17.82% year-to-date (YTD), see below. S&P 500 - YTD performance Of the index’s 500 companies, Technology sector has been the best performing sector; rising by +21.65% by Q1 2023. Some of the biggest gainers include: $NVIDIA Corp(NVDA)$. $Meta Platforms, Inc.(META)$. $Tesla Motors(TSLA)$. $Salesforce.com(CRM)$. These companies have benefitted from: Strong earnings. Semiconductor industry performance. Artificial intelligence (AI) applications. Cloud computing services. However, analysts are sounding alarms on