XLC Stock Recent News

As Reddit prepares for its stock market debut, industry observers eagerly anticipate the platform's future trajectory and its role in the ever-evolving landscape of social media and technology.

Even if you have not heard of the Magnificent Seven stocks as a group, you likely know the companies.   The Magnificent Seven comprises Apple (AAPL), Microsoft (MSFT), Amazon.com (AMZN), Nvidia (NVDA), Meta Platforms (META), Tesla (TSLA), and Alphabet (GOOG/GOOGL).

Look into how Disney heavy ETFs performed after its Q1 earnings.

META shares spiked as much as 14% to a record high in aftermarket hours following its earnings results, pushing its market capitalization by $148 billion to $1.16 trillion.

Alphabet (GOOGL) reported its fourth-quarter 2023 earnings results beating Zacks Consensus Estimates for both revenue and earnings. Look into how Alphabet-heavy ETFs are affected.

The S&P 500 has been hovering around an all-time high. The chart indicates that, on average, investments made at record highs tend to perform better over the next five years, as quoted on Yahoo Finance.

Meta's (META) stock price has fully rebounded from its tumultuous year in 2022, as it inched up almost 2% on Friday to close at $383.45, setting a new record.

Communication services covered by Communication Services Select Sector SPDR® Fund ETF is about to make a breakout higher. January seasonality is extremely favorable. Meta and Alphabet are the two largest holdings of the XLC ETF, and both on the verge of new highs.

These sectors seem expensive, but have historically outperformed during a bull market. Just two stocks hold significant weights in each of these sectors, respectively.

2023 was a year of surprises. These are five key sector themes illustrated in charts that dominated the ETF world this past year.