XLC Stock Recent News
XLC LATEST HEADLINES
XLC is outperforming in 2024, with broad-based rallies beyond just mega-cap names like Alphabet, Meta, and Netflix. The sector's diverse composition and reasonable valuation (P/E ~18) provide room for multiple expansion and continued outperformance. Recent earnings and macro trends suggest markets were too pessimistic, and the economic backdrop supports further gains for XLC.
Top ETFs like ITA, SOCL, GRID, XLC and XLI soared in 1H25 and are displaying signals for a strong 2H rally.
Matt Bartolini, State Street Head of SPDR Americas Research and John Davi, Astoria Portfolio Advisors CIO, sit down with CNBC's Dominic Chu to discuss how ETF investors are reacting to growing Middle East tensions
The U.S. remains the dominant global economic power, but ongoing trade tensions may threaten its long-term leadership. I continue to invest in American businesses, but believe diversifying internationally is prudent for long-term wealth building. Uncertainty from U.S. trade policies could prompt other nations to unify and reduce reliance on America, shifting global dynamics.
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
I am upgrading the Communication Services Select Sector SPDR ETF Fund from a hold to a buy, due to compelling valuation and technical indicators suggesting a near-term bottom. XLC's valuation is attractive at 17x forward earnings, significantly below its 5-year average, and its technicals indicate potential support around the $82-$83 zone. XLC is heavily weighted towards megacaps like GOOG, META, and NFLX, which command 35% of the portfolio, making their fundamentals and technicals crucial.
A second round of tariffs imposed on Canada, China and Mexico by President Donald Trump takes effect today. These ETF areas would be impacted.
These sectors and their related stocks and ETFs could be under the spotlight amid the escalating trade tensions.
With the AI race intensifying, concerns about AI monetization by U.S. tech giants are emerging fast.
Wall Street staged a rebound on Tuesday after the DeepSeek--ed sell-off.