This Could Change the Way You Invest in the Tech Sector
Changes are afoot for tech companies on the US stock market. S&P Dow Jones Indices and the Global Industry Classification Standard (GICS) have announced that they will create a new sector for tech, media, and telecom companies on September 28 – the first categorization changes for tech companies since 1999.
S&P and MSCI are eliminating the current Telecoms sector, replacing it with a new subdivision called Communications Services. Communications Services will include companies providing communication platforms, as well as media operators, ultimately forming the largest sector on the S&P 500.
Additionally, the new subdivision will integrate companies from the Consumer Discretionary sector that are presently classified under the Media and Internet and Direct Marketing Retail umbrellas. Some companies listed under Information Technology will also transition to the new sector.
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The changes aim to reflect an era of immune-to-classification fluidity for some of the world’s largest tech companies – something that was foreign in 1999, during the peak of the first tech bubble. While Apple slots easily into the Technology sector and Communications Equipment industry thanks to the moneymaking machine that is the iPhone, companies like Facebook – a social network, media company, and the world’s largest news distributor, all in one – are more difficult to categorize.
The GICS hopes to better reflect the changes of the past 20 years while reminding investors where listed companies earn the bulk of their revenue. David Blitzer, S&P Dow Jones Indices index committee chairman, declared the lines between media, communications, and content to be “blurred”, admitting that “It is time to acknowledge this convergence and the overlapping services these companies provide.”
Facebook and Alphabet will both move to Communication Services from their previous tech sector categorization, with both companies’ sub-industry changing to Interactive Media and Services. Netflix will move from Consumer Discretionary to Communication (along with Disney and 21st Century Fox) while also changing sub-industry from Internet and Direct Marketing Retail to Movies and Entertainment.
The reclassification effort will affect exchange-traded funds designed to specific industries but will not require action from investors, according to investment giant Vanguard. Chris Harvey, Wells Fargo’s head of US equity and quant strategy, also posited that certain companies “may gain mindshare and potentially garner more portfolio-manager interest/dollars” as investors re-familiarize themselves with the stocks. The company estimated that only 10 percent of the S&P 500 will be influenced by the reshuffling, affecting only categorization, not index weights.
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IYW's RSI Indicator recovers from oversold territory
The RSI Indicator for IYW moved out of oversold territory on February 06, 2026. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 23 similar instances when the indicator left oversold territory. In of the 23 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 53 cases where IYW's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for IYW just turned positive on March 09, 2026. Looking at past instances where IYW's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where IYW advanced for three days, in of 377 cases, the price rose further within the following month. The odds of a continued upward trend are .
IYW may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on March 10, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on IYW as a result. In of 78 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The 10-day moving average for IYW crossed bearishly below the 50-day moving average on February 05, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where IYW declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for IYW entered a downward trend on March 11, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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