The stock market has been a caldron of fear and losses over the past month, and the huge decline of more than 6.5% in the S&P 500 Index last week highlights the intensity of the storm on Wall Street. In fact, during the past month, the broad measure of the domestic market is down around 3% in what is shaping up to be one of the worst months for stocks in some time. Yet not all sectors of the market are suffering. (See my recent article, “5 Smokin’ Hot High Yield Stocks.”)
Technology stocks, as measured by the Technology SPDR (ETF) (NYSE:XLK), actually are up 2% during the past month. The relative outperformance of tech vs. the broader market is impressive, but even more notable are the gains in some of the biggest and best tech stocks out there. Let’s take a look at the five best performers in XLK during the past month, as they represent high-tech stock shelters from the current market storm.