6/1/2026
By Charles Payne, CEO & Principal Analyst

Valuations & Opportunities

On an absolute basis, Technology (XLK) remains less expensive than Industrials (XLI), Consumer Staples (XLP), Communication Services (XLC), and Health Care (XLV). Meanwhile, the NASDAQ-100 (NDX) and iShares Russell 2000 ETF (IWM) are less expensive than the S&P 500.

Steam Power of Rallies

Technology continues to power the S&P 500, and while the top ten names are outpacing earnings, the second-and third-tier tech names have done some heavy lifting.

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Charles Payne
Wall Street Strategies