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The utilities sector may be boring, but its gains this year have been anything but that. The communications sector is incredibly balanced and not overpriced despite large weightings in Alphabet and Meta Platforms.
The Federal Reserve's decision to hold the policy rate steady is a potential bullish turning point for US equities. The communication services sector is attractive for potential allocation due to solid earnings growth and projections. The Vanguard Communication Services ETF is a concentrated allocation for exposure to this sector.
Examine the response of ETFs with investments in Disney to the company's Q3 earnings outcomes.
Select communications services stocks may offer a safer investment option amid rising inflation and slower economic growth in 2022. Communication services stocks underperformed the S&P 500 in 2022 due to factors such as the popularity of other safe havens and the underperformance of larger growth stocks. Many U.S.-based communications companies still have the potential to outperform, with some stocks offering 5+% dividend yields.
Google parent Alphabet (GOOGL) reported solid first-quarter 2023 results, topping both revenue and earnings estimates. Investors should tap the strength with ETFs with a substantial allocation to Alphabet.
This year, communication services stocks have been the worst-performing segment of the market. Risk-off conditions are gaining pace and VOX typically doesn't fare well when faced with adverse volatility.
The Vanguard Telecom Services ETF could be a safe bet during poor economic conditions. It should be noted that the ETF does not invest in emerging market telecom companies, and has a higher weighting in large growth stocks.
Communication services and media sector-related exchange traded funds are strengthening Friday as Netflix (NasdaqGS: NFLX) shares rallied, following the online streamer's partnership with Microsoft (NasdaqGS: MSFT) for lower-priced, ad-supported services. On Friday, the Vanguard Communication Services (VOX) rose 2.2% and the Invesco Dynamic Media ETF (PBS) increased 3.0%.