Hello Black Rose...sorry for the delayed response but I am only on here 1-2 times a week these days. A simple answer to your question at this point would be NO!!! I am not sure what exactly makes up "Tec" stocks for you but in my mind it includes any stocks involved in the Technology sector and includes the industry groups such as - Semiconductors, Software & Services, Technology Hardware & Equipment & Information Tech. What kind of returns are you seeing on tech stocks lately? What kind of earnings and earnings guidance are you seeing on tech stocks lately? What do you see when you look at the 1 year chart of a tech stock lately?
The investing world is punishing stocks made up of HYPE and it seems like many of the high flyers of the past couple of years were just that - more talk than walk.. And it will take several quarters for some of these companies to turn things around and start producing consecutive quarterly revenue increases and consecutive quarterly EPS increases. I have written several times on the Premium board of companies referencing their YoY projections to quarters impacted by the coronavirus. Once those lower comparisons were exhausted, last couple of quarters have been tough for many to show improvement and provide positive guidance.
That is not indicative of ALL tech companies and I would suggest focusing on those that are and will continue to increase revenues quarterly and grow earnings quarterly. Those are the companies that will continue to do well.
I think it makes sense to be diversified across the LEADING industry groups for that is where the large institutions and funds are spending a lot of their money. I loaded the IBD Top 50 stocks the other day and I see (4) technology stocks on the list - ZEN / Zendesk , SEDG / Solaredge - which are both MF Premium recommendations and AVGO / Broadcom & QLYS / Qualys - both of which are not MF stocks. What are the dominating industry groups of the Top 50 stocks - metals & mining is tops w/(9) companies, oil & gas, chemicals, building products each have 2-4 companies.
In a previous post I had mentiooned EPAM and I actually bought some because it is an IT stock that checks the quarterly boxes for me and was deeply discounted. DAVA & UPST are both ones I have been heavily involved but only grabbing shares at deep discounts or trading shares to bring down my cost basis on core shares. I also picked up Amazon...is that even considered a tech stock? Here is a company I will give you to add for a 5-10 year hold - WIRE. Have a great weekend