iShares Expanded Tech-Software Sector ETF [IGV] Stock Forecast

Hello! This week's ETF Wrap takes a look at tech-fund demand and performance while highlighting several AI-themed ETFs that have attracted inflows this year.

If you're interested in broad exposure to the Technology - Software segment of the equity market, look no further than the iShares Expanded Tech-Software Sector ETF (IGV), a passively managed exchange traded fund launched on 07/10/2001.

Joe Terranova, Jenny Harrington, and Rob Sechan join 'Halftime Report' to discuss stock opportunities for creating higher alpha, demand for data security, and investment in the software space.

These Strong-Buy ETFs could emerge as great bets in the month of May and thereafter.

A strong bullish outlook for IGV is evident with robust quarterly candles and a rebound from crucial key Fibonacci levels. To confirm a bullish breakout, IGV price needs to break above $315, and investors may consider buying the ETF on any correction as long as the $235 level holds.

Growth stock ServiceNow is near a buy point ahead of earnings. The software as a service play has a strong record of accelerating earnings.

Software growth stocks started off 2023 with a good run but the rally could be fizzling out despite buzz over generative AI. The post Will 2023 Rally In Software Growth Stocks Fizzle Out Amid Recession Watch?

As most of you know, the technology sector was far-n-away the big winner in Q1 - confounding many of the tech naysayers and market prognosticators who were promoting energy. However, it would appear that OPEC+ has come to the rescue of the energy sector: Increasing its previous production cuts by an addition 1.16 million bpd.

After a rough 2022, software stocks have come back with a vengeance in 2023. Currently, many fundamentally sound companies are setting up in constructive technical patterns.

Sector ETF report for IGV