Although U.S.-listed technology stocks have underperformed year-to-date, we have seen a rebound take shape, with the Technology Select Sector SPDR Fund ETF gaining 15 per cent from the price low in mid-October. Digging into XLK holdings, semiconductors have seen the strongest bounce with the Dow Jones U.S. Semiconductors Index returning 22 per cent over the past month.
To ensure we focus on firms with the best price momentum over the past month, we will constrain our search to companies with a four-week price performance greater than 10 per cent.
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