Technology is back!!! Okay, it never really went away. But a few popular names did fall 20% to 50% in about seven weeks, from March 7 until April 19. That occurred after some monster moves higher for more than four months, starting in late October. Over the past 18 days, and especially over the past 10 days, the Technology sector has been on fire. And the recovery took place ahead of earnings reports from Applied Materials (AMAT) after the close today and Nvidia's EPS report next Wednesday (also after the close).

This pick list highlights constituents of the Morningstar US Mid Cap Index that we believe offer investors the best risk-adjusted return prospects. The market capitalization range for U.S. mid-caps typically falls between $1 billion and $8 billion and represents 20% of the total capitalization of the U.S. equity market.

DraftKings got its start in 2012 as an innovator in daily fantasy sports. Then, following a Supreme Court ruling in 2018 that allowed states to legalize online sports wagering, the company expanded into online sports and casino gambling, where it generally holds the number two or three revenue share position across states in which it competes. DraftKings is now live with online sports betting in 24 states (46% of the US population) and iGaming in seven states (11% of US), with both products available to around 40% of Canada's population. The company also operates a non-fungible token commissioned-based marketplace and develops and licenses online gaming products.

Founded in 2009, Block provides payment services to merchants, along with related services. The company also launched Cash App, a person-to-person payment network. In 2023, Square's payment volume was a little over $200 million.