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Jul 26, 2018
Where Does Tech Talent Reside?

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.

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.

Related Ticker: XITK

Contributor

Serhii Bondarenko is an AI-focused trading strategist and financial markets analyst specializing in the development and application of AI trading bots and autonomous trading agents. His work combines technical analysis, fundamental analysis, and quantitative research to identify market patterns, forecast price movements, and analyze liquidity, volatility, and correlations across global stock markets. Serhii actively publishes market insights, forecasts, and trading frameworks on platforms such as Investing.com and Finextra, with a strong focus on AI-driven decision-making and next-generation algorithmic trading. His research aims to bridge the gap between traditional trading methodologies and advanced artificial intelligence, helping traders and investors navigate complex and rapidly evolving market conditions.


XITK's RSI Oscillator leaves overbought zone

The 10-day RSI Indicator for XITK moved out of overbought territory on August 18, 2026. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 32 instances where the indicator moved out of the overbought zone. In 30 of the 32 cases the stock moved lower in the days that followed. This puts the odds of a move down at 90%.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on August 24, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on XITK as a result. In 76 of 86 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 88%.

The Moving Average Convergence Divergence Histogram (MACD) for XITK turned negative on August 24, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 44 similar instances when the indicator turned negative. In 36 of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at 82%.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where XITK declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 81%.

The Aroon Indicator for XITK entered a downward trend on September 14, 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.

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

XITK moved above its 50-day moving average on September 11, 2026 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for XITK crossed bullishly above the 50-day moving average on August 11, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 16 of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 90%.

Notable companies

The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), Micron Technology (NASDAQ:MU), Netflix Inc. (NASDAQ:NFLX), Palo Alto Networks Inc (NASDAQ:PANW), Crowdstrike Holdings Inc (NASDAQ:CRWD), Arista Networks Inc (NYSE:ANET), Spotify Technology SA (NYSE:SPOT), Datadog (NASDAQ:DDOG), Electronic Arts (NASDAQ:EA).

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 State Street® SPDR® FctSt Innvtv TechETF ETF is 104.69B. The market cap for tickers in the group ranges from 333.62M to 5.09T. NVDA holds the highest valuation in this group at 5.09T. The lowest valued company is FVRR at 333.62M.

High and low price notable news

The average weekly price growth across all stocks in the State Street® SPDR® FctSt Innvtv TechETF ETF was -2%. For the same ETF, the average monthly price growth was -8%, and the average quarterly price growth was 27%. ACVA experienced the highest price growth at 49%, while BRZE experienced the biggest fall at -20%.

Volume

The average weekly volume growth across all stocks in the State Street® SPDR® FctSt Innvtv TechETF ETF was 3%. For the same stocks of the ETF, the average monthly volume growth was 22% and the average quarterly volume growth was -26%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 63
P/E Growth Rating: 64
Price Growth Rating: 48
SMR Rating: 66
Profit Risk Rating: 83
Seasonality Score: -17 (-100 ... +100)
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