TTEQ: Technology Dashboard For September

Software and IT services appear undervalued relative to 11-year averages, while other subsectors remain overvalued. T Rowe Price Technology ETF (TTEQ) offers broad tech sector and global exposure, but its short track record, high fee and average performance limit conviction. Eight tech stocks cheaper than their peers in September.

This monthly article series offers a top-down analysis of the information technology sector based on value, quality, and momentum metrics. It may also help analyze sector ETFs such as the Technology Select Sector SPDR ETF (

Fred Piard, PhD. is a quantitative analyst and IT professional with over 30 years of experience working in technology. He is the author of three books and has been investing in data-driven systematic strategies since 2010. Fred runs the investing group Quantitative Risk & Value where he shares a portfolio invested in quality dividend stocks, and companies at the forefront of tech innovation. Fred also supplies market risk indicators, a real estate strategy, a bond strategy, and an income strategy in closed-end funds. Learn more.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of ADBE, AMZN, GDDY, META either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.