MENU
Go to the list of all blogs
Serhii Bondarenko's Avatar
published in Blogs
Jul 26, 2018

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

XITK sees its 50-day moving average cross bullishly above its 200-day moving average

The 50-day moving average for XITK moved above the 200-day moving average on June 17, 2025. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on June 26, 2025. You may want to consider a long position or call options on XITK as a result. In of 81 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for XITK just turned positive on June 30, 2025. Looking at past instances where XITK's MACD turned positive, the stock continued to rise in of 44 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 XITK advanced for three days, in of 351 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 282 cases where XITK Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for XITK moved out of overbought territory on June 10, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 37 similar instances where the indicator moved out of overbought territory. In of the 37 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

XITK broke above its upper Bollinger Band on June 30, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

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 55.44B. The market cap for tickers in the group ranges from 475.95M to 3.89T. NVDA holds the highest valuation in this group at 3.89T. 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 3%. For the same ETF, the average monthly price growth was 5%, and the average quarterly price growth was 7%. UPST experienced the highest price growth at 16%, while SPOT experienced the biggest fall at -7%.

Volume

The average weekly volume growth across all stocks in the SPDR® FactSet Innovative Technology ETF ETF was -41%. For the same stocks of the ETF, the average monthly volume growth was -35% and the average quarterly volume growth was -19%

Fundamental Analysis Ratings

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

Valuation Rating: 66
P/E Growth Rating: 70
Price Growth Rating: 47
SMR Rating: 70
Profit Risk Rating: 77
Seasonality Score: 9 (-100 ... +100)
View a ticker or compare two or three
XITK
Daily Signalchanged days ago
Gain/Loss if bought
Show more...
Interact to see
Advertisement
A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

Category Technology

Profile
Fundamentals
Details
Category
Technology
Address
SPDR Series TrustOne Lincoln Street Cph0326Boston
Phone
N/A
Web
www.spdrs.com