Ticker Reports for June 11^th

3 Tech Focused ETFs to Watch as the Market Nears All-Time Highs

Remarkably, the market is edging closer to record territory, following an impressive V-shaped reversal off its 52-week lows. Many investors may be seeking ways to gain exposure, particularly with the potential for a pullback and consolidation before another leg higher.

Since bottoming out, the SPDR S&P 500 ETF Trust (NYSEARCA: SPY) has rebounded nearly 25%. Even more impressive is the tech-heavy Invesco QQQ Trust (NASDAQ: QQQ), which has surged 32% from its 52-week low. For investors looking for exposure to the tech rally without selecting individual stocks, here are three standout ETFs to consider.

XLK: Blue-Chip Tech Exposure Within the S&P 500

For broad exposure to the biggest names in technology, the Technology Select Sector SPDR Fund (NYSEARCA: XLK) offers a straightforward option. The ETF tracks the Technology Select Sector of the S&P 500, which encompasses industries such as IT consulting, semiconductors, hardware, and telecommunications services.

XLK has jumped nearly 40% off its 52-week low and currently trades just 1.5% shy of its high. The fund is heavily weighted toward three Magnificent Seven members, Microsoft, NVIDIA, and Apple, which together account for nearly 40% of the ETF.

Analyst sentiment is strong, with a Moderate Buy aggregate rating based on 1,380 ratings issued in the past year covering 69 holdings. The ETF has ample liquidity, with an average daily volume of 5.1 million shares and a dividend yield of 0.65%.

HACK: Tapping Into the Cybersecurity Boom

One of the standout sub-sectors within tech this year is cybersecurity, a space that has not only outpaced the broader market but even the tech sector itself. The Amplify Cybersecurity ETF (NYSEARCA: HACK) has surged over 44% from its 52-week low, including a 12.5% year-to-date (YTD) gain.

HACK tracks the Prime Cyber Defense Index, targeting firms that provide cybersecurity technology and services through a tiered, equal-weighted strategy. Top holdings include CrowdStrike, Palo Alto Networks, Broadcom, Cisco, and Zscaler, names that have become synonymous with digital defense.

Analysts have issued 519 ratings in the past year on 22 companies (covering over 96% of HACK’s portfolio), resulting in a Moderate Buy aggregate rating. HACK is primarily a solid option for investors looking to capitalize on the growth in digital security. One downside to the ETF, however, is its low liquidity. The ETF has an average volume of just 113,000 shares. The fund has a market capitalization of $2.2 billion and a net expense ratio of 0.6%.

IGV: Software Sector Leadership

For a more focused bet on North American software giants, the iShares Expanded Tech-Software Sector ETF (BATS: IGV) might be a standout choice. The ETF tracks the S&P North American Technology Software Index, which includes application, enterprise, and entertainment software producers based in the U.S. and Canada.

IGV has gained nearly 40% from its 52-week low, reflecting the software industry’s leading strength during the rebound. The fund has a market cap of $11.6 billion, a 0.45% dividend yield, and a 0.41% expense ratio.

Top holdings include Microsoft, Palantir, Oracle, Salesforce, and ServiceNow. Based on 1,711 analyst ratings covering 110 companies in the portfolio over the past year, IGV also carries a Moderate Buy aggregate rating, highlighting continued optimism in the software space.

Targeted Exposure Within the Leading Technology Sector

With the broader market near all-time highs and tech continuing to lead the charge, ETFs such as XLK, HACK, and IGV offer diversified, targeted exposure to various corners of the sector.

Whether you’re seeking blue-chip stability, cybersecurity growth, or software sector leadership, these ETFs could be valuable additions to a growth-oriented portfolio, especially if the current rally pauses and sets up for another leg higher.

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Nintendo Stock Near Highs—Will the Switch 2 Keep the Rally Alive?

Parents beware. Christmas came early in 2025 as Nintendo Co., Ltd. (OTCMKTS: NTDOY) released its hotly anticipated Switch 2 handheld gaming console. It comes with a hefty price tag of $449.00.

However, investors who bought NTDOY stock earlier this year may easily have enough profits to cover the premium price. The stock is up 43% in 2025 and is trading near its all-time high.

A run-up like that leads to concerns that there’s not much upside left. Events like the Switch 2 launch can be a “sell the news” event. NTDOY stock is up just 1.3% in a volatile week of trading since the Switch 2 launch.

However, analysts give NTDOY stock a consensus price target of $25.60, which would be a 22% upside from the stock’s closing price on June 10. What do investors need to know about the opportunity in Nintendo stock?

Nintendo Is Affirming Its Premium Position

By many accounts, Nintendo saved the video game industry in the mid-1980s. At that time, the company established itself as offering premium value, and it’s never deviated from that.

Nintendo is well-known for prioritizing software development. The company has a long-standing policy of limiting the number of games its developers can make, so the focus is on quality rather than quantity. From 2019 through 2023, about 80% of the company’s software revenue came from its first-party games.

In fact, it’s never had a gaming console priced higher than $300. Even at $450, the Switch 2 is priced less than the Sony PlayStation of 20 years ago. Consumers have had to wait for the Switch update for eight years, so they may accept that price hike.

However, the price of video games made for the Switch is also increasing. Mario Kart, the signature game for the device, will be $80. That’s significantly higher than the previous $60 price point from the prior version. Some analysts believe that tariffs played a role.

Nintendo is denying the claims, and there’s some evidence that on an inflation-adjusted basis, the new pricing is still very favorable. However, the launch is coming at a time when many consumers are stretched and stressed.

An Outlier in a Weak Sector

Consumer discretionary stocks continue to be hit or miss for investors. The Consumer Discretionary Select Sector SPDR Fund (NYSEARCA: XLY) is down about 3% in 2025. Some of the top holdings in the fund including Tesla Inc. (NASDAQ: TSLA), Lululemon Athletica Inc. (NASDAQ: LULU), and more recently McDonald’s Corp. (NYSE: MCD)have been among the market laggards.

This was supposed to be a great year for these stocks. The expectation was that inflation and interest rates would come down, and consumers would take care of the rest.

But during the first half of 2025, that forecast hasn’t materialized yet. The rate ofinflation has decreased, but not enough to prompt the Federal Reserve to take action. Additionally, the potential impact of tariffs is holding consumer sentiment back.

Fundamentals Are Bearish, But Technicals Suggest Bullish Momentum

A price-to-earnings (P/E) ratio of around 46x puts Nintendo above its historical averages. The same is true of the stock’s price-to-sales (P/S) ratio and its price-to-book (P/B) ratio.

Nevertheless, its most recent earnings report in May didn’t include any of the benefits from the Switch 2 launch. It’s fair to say that some of that is priced into the stock already.

The bottom line is that if the company doesn’t meet its goals for the Switch 2 launch, there could be significant value compression. But in the near term, the NTDOY stock chart looks slightly bullish.

After moving to an all-time high, the stock is finding resistance, which is just shy of $21. However, the moving average convergence divergence (MACD) has been swinging from bullish to bearish and appears to be ready to swing bullish again.

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GitLab: Buy It Low While You Still Can—Higher Prices Are Coming

There was absolutely nothing wrong with GitLab’s (NASDAQ: GTLB) Q1 earnings report and guidance. Nothing that is, except a wee bit of tepidness relative to analysts’ relatively high bar. The sticking point, the cause for the 12% post-release price plunge, is that the guidance for Q2 revenue and the full year is slightly below the forecasts.

By slight, that means the top end of the range aligns with the consensus, opening the door for underperformance as the year progresses.

However, that slight tepidness is offset by robust growth, margin expansion, better-than-expected earnings, and strong guidance that forecasts these trends to continue. The takeaway is that GTLB is a screaming buy with its shares trading near the bottom of a two-year range, price points unlikely to last long.

GitLab Performed Well in Q1: Guidance Is Solid for F2026

GitLab had a solid quarter in Q1, growing revenue by 26.8% to sustain its high-double-digit growth rate for another quarter. The growth outpaced the consensus estimate by 65 basis points, driven by strength in client growth and penetration. Clients contributing more than $5,000 in Annual Recurring Revenue (ARR) grew by 13%, led by a 26% increase in clients contributing more than $100,000. Regarding penetration, the net retention rate remains robust. At 122%, it is slower than last year but reflects substantial growth in revenue from existing clients, nearing 25%.

The margin news is also robust. The company expanded its adjusted operating margin, resulting in record cash flow and free cash flow. The net result is $0.17 in adjusted EPS, 1300 basis points ahead of MarketBeat’s reported consensus, and the strength is expected to carry through the end of the year.

The guidance is mixed with revenue forecasted at the low end of the analysts’ range, but margin strength offsets it. The forecast for Q2 and FY 2026 adjusted EPS has a low-end estimate that is above the consensus, which is likely a cautious estimate.

Not only are clients growing and penetration deepening, but contract backlogs are also increasing, with the remaining performance obligation up 40%, supporting a 24% year-over-year revenue growth forecast. Regardless of the comparison to the analysts’ consensus, a 24% YOY revenue growth and substantial margin are a good forecast for any tech or growth stock.

A Mixed Reaction From Analysts Aids GitLab’s Price Plunge

The initial analysts’ response is mixed, with two price target reductions and one price target increase tracked by MarketBeat within the first few hours of the release. The takeaway for investors is that the price targets are narrowing the range around the consensus, which forecasted a 45% price increase before the release. The net result is a potential for a 65% gain or more from the critical support levels.

The balance sheet is critical to this stock. It is a fortress, enabling self-funded growth with zero debt and robust financial leverage. The company’s total liabilities are less than one times its equity and approximately two times its cash, providing ample flexibility and a growing potential for capital returns.

The price action is sketchy and could lead the market to multi-year lows below $38. However, such a move would present an attractive entry due to the company’s financial health, cash flow, and growth outlook. It is forecasted to sustain a solid double-digit pace through the middle of the next decade. The more likely scenario is that the market will step in to buy the dip.

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