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Technology: Opportunities Pepper Most Subsectors

Brian Colello, CPA (brian.colello@morningstar.com)

The Morningstar U.S. Technology Index is up 23% year to date through June 25, making it the top-performing sector. U.S. and China trade tensions remain a source of volatility, most notably with the U.S. ban on selling into Huawei, a significant smartphone and network equipment maker. The median technology stock is roughly 4% below our fair value estimate, similar to the 2% premium at the end of the first quarter.