What a difference a few months can make, huh?

Some of the biggest technology stocks got absolutely crushed last year. Amazon (AMZN), for example, fell 49%. And Alphabet (GOOGL) fell 38%.

But in the words of pop star Janet Jackson, "What have you done for me lately"? And the answer is: a lot!

This year, tech shares – in fact, the entire sector – have rebounded. The tech-centric Nasdaq Composite Index has gained roughly 10% since the start of 2023.

This is great news for investors. But as I know from my 40 years of experience, it can often be overwhelming...

Overwhelming in the sense that when an entire sector rallies, it can be tough to decide where to go with your investment dollars.

Do you scoop up shares of Amazon? How about Microsoft (MSFT)? Or Meta Platforms (META)? There are simply more potential tech "winners" than many investors can successfully target in such a short time.

Don't worry, though. I've identified a way to benefit from the entire tech rebound with a single investment – a fund that's outgained the broader stock market by more than 51% over the past five years...

I Know What You're Going Through

But let's back up for a second, shall we?

As a boomer of a certain age, I can relate to what investors are going through today.

Many of you are probably worried about the negative economic headlines, especially as they relate to inflation. You'd have to go back decades to find a time similar to the one we're living through now.

In the 1970s, we had massive inflation set against the Vietnam War, followed by an oil embargo and then a hostage crisis. And yet, the market powered through it all to set a series of record highs.

It's like I keep saying: You have to ignore the daily headlines and focus on the long term. If you do that, you'll immediately see that the future belongs to technology.

The Convergence Economy

This sector remains a target-rich environment because we're in the midst of what I call the "Convergence Economy." Never before in history have so many disruptive breakthroughs all converged at the same time.

Cloud computing, artificial intelligence ("AI"), e-commerce, mobile phones, virtual reality ("VR"), autonomous vehicles, chips and sensors, and so much more are working together to make the U.S. a very tech-centric economy.

But it's times like these when the average investor can find the headlines daunting, to say the least. That's especially true because even though the market and the tech-centric Nasdaq have posted strong rallies, they still have down days...

So it's impossible to know how long the market's most recent rebound will last. But over the long haul, I have no doubt that tech will lead both the market and the economy higher.

That's why I'm focused on a great opportunity that enables you to cover the entire tech landscape.

Leaving No Stone Unturned

I'm referring to the iShares Expanded Tech Sector ETF (NYSE: IGM). Holding 348 stocks, this fund leaves no stone unturned in the search for maximum gains.

We're talking exposure to satellite communications, 5G mobile, cloud computing, e-commerce, chips, robotics, AI, and 3D printing.

As you might expect, this robust exchange-traded fund ("ETF") owns some of the leading names in tech, including Apple (AAPL) and Microsoft. But there's much more in this fund. Take a look:

• Arista Networks (ANET) is a leading provider to networking hardware and software for large data centers. Founded in 2004 in the heart of Silicon Valley, this company's network switches are the devices that enable different computers to be connected. Notable clients include VMware (VMW), Zoom (ZM), Microsoft, and Slack.
• Enphase Energy (ENPH) is a supplier to the solar power industry. It offers highly efficient "micro inverters," devices that make solar power more efficient at converting solar panel direct current ("DC") electricity (the kind you find in batteries) into alternative current ("AC"), which is used in homes, offices, and factories. The company has shipped more than 39 million micro inverters to more than 1.7 million solar installations across 130 countries.
• Onto Innovation (ONTO) is one of the top chip supply firms in the world. It's a one-stop shop for the crucial quality control process that the semiconductor industry desperately needs. It also has offerings in defense and aerospace. All in all, this company puts its total addressable market at more than $9 billion.
• Palo Alto Networks (PANW) offers a suite of cyber security tools used by large organizations across a range of industries. The company has a full gamut of cyber products, ranging from network-based security hardware and software to AI analytics. Two-thirds of Fortune 100 companies use this company's Cortex AI-based platform. And notably, the AI last year prevented a hack on Palo Alto Networks itself.

Despite the exposure to smaller, punchier firms, American tech leaders still dominate this ETF. And that's a good thing because they remain the epicenter of tech innovations and performance.

Additionally, having little to no exposure to Chinese- or Russian-related securities is an added bonus, given the intense geopolitical situation.

A Market Crusher

Over the past five years – which includes last year's bear market – the S&P 500 Index has gained a respectable 43.6%. IGM, in contrast, has gained more than 66%.

This fund crushed the broader market over that period by more than 51%. Wow.

This is the ideal way to target tech's rebound with a single investment. But maybe you're seeking a specific tech play that has even bigger profit potential.

For that, I've got a great idea for you, but I'm only sharing it with my "Pro" subscribers. So don't miss out!

Cheers and Good Investing,

Chief Investment Officer
Trend Trader Daily

Tags: nasdaq technology