Where Does Tech Talent Reside?
In the recent study "Scoring Tech Talent in North America 2018" conducted by CBRE Group, Inc. the team analyzed top-ranked and momentum tech talent markets. Those investors thinking to diversify their holdings into real estate might pay special attention to the results of this study. Indeed, it is well known that tech companies produce a lot of wealthy young individuals – and they tend to spend part of their fortune on buying real estate. An obvious conclusion – try to investigate real estate markets with significant presence or growth of the tech talent.
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The first place is of no surprise to anybody -SF Bay Area. The second place goes to Seattle – again not very surprising. The next several winners are not so obvious: in the decreasing order, they are Washington D.C., Toronto, New York and Austin. The last place goes to…Miami. To quantify these rankings, they also looked at the number of top-ranked tech talent (clearly, the numbers are important as well): the first place belongs to SF Bay Area with 329,900 employees considered to be in this category. The next few are New York (254,300), Washington D.C. (248,200), Toronto (241,400) and Dallas/Ft. Worth (160,800).
Finally, what is the average salary of tech talent? In SF Bay Area it is $125,400. Next is Seattle with $117,300 and New York - $112,600.
Notable companies
The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), Netflix (NASDAQ:NFLX), Micron Technology (NASDAQ:MU), Arista Networks Inc (NYSE:ANET), Palo Alto Networks Inc (NASDAQ:PANW), CrowdStrike Holdings (NASDAQ:CRWD), Workday (NASDAQ:WDAY), Spotify Technology SA (NYSE:SPOT), Atlassian Corp (NASDAQ:TEAM).
Industry description
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the FactSet Innovative Technology Index.
The index is designed to represent the performance of U.S.-listed stock and American Depository Receipts of Technology companies and Technology-related companies within the most innovative segments of the Technology sector and Electronic Media sub-sector of the Media sector, as defined by FactSet Research Systems, Inc. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index.
Market Cap
The average market capitalization across the SPDR® FactSet Innovative Technology ETF ETF is 51.77B. The market cap for tickers in the group ranges from 475.95M to 3.46T. NVDA holds the highest valuation in this group at 3.46T. The lowest valued company is SEZL at 475.95M.
High and low price notable news
The average weekly price growth across all stocks in the SPDR® FactSet Innovative Technology ETF ETF was -4%. For the same ETF, the average monthly price growth was -2%, and the average quarterly price growth was -2%. MU experienced the highest price growth at 6%, while SLP experienced the biggest fall at -31%.
Volume
The average weekly volume growth across all stocks in the SPDR® FactSet Innovative Technology ETF ETF was 2%. For the same stocks of the ETF, the average monthly volume growth was -33% and the average quarterly volume growth was -9%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 65
P/E Growth Rating: 70
Price Growth Rating: 56
SMR Rating: 70
Profit Risk Rating: 77
Seasonality Score: 25 (-100 ... +100)
