XLC Stock Recent News

Among the top five big tech stocks, Amazon, Facebook-parent Meta and Google-parent Alphabet delivered impressive results, garnering positive reactions from investors, while Apple and Microsoft disappointed investors.

With the Telecom sector posting mixed results for Q2 2023, look into Telecom ETFs to capitalize on the opportunities present.

Meta Platform (META) posted its first double-digit revenue growth since 2021, boosted by the artificial intelligence (AI) craze.

Philip Morris beat both earnings and revenue estimates in the second quarter. Look into some ETFs to capitalize.

The development of new social media platforms seems to occur at an increasingly breakneck pace and Meta's new Twitter competitor, Threads, is no exception. The freshly released platform ushered in 70 million sign-ups in just its first full day since its public debut Wednesday night, according to Meta CEO Mark Zuckerberg on Friday.

With the advent of Generative AI, the IYZ and XLC ETFs which provide exposure to the communications services ecosystem have seen their share prices move in opposite directions. This is due to the strategies of their main holdings as to artificial intelligence. XLC leads in terms of AI adoption, while IYZ should benefit as a result of the novel technology diffusing throughout the U.S. economy.

The Communication Services Select Sector SPDR Fund ETF is a strong option for investors looking to capitalize on the current bull market, with a high beta, low valuations, and strong earnings growth. XLC has a low expense ratio of 0.10% and high liquidity, making it an attractive long-term investment option. The main risk to XLC and the communications sector is the Fed's rate hike policy, which could cause volatility if rates are raised more frequently than expected.

Over the past few quarters, different narratives have emerged about consumer spending — it's up, it's down, it's growing but at a slower pace — with differing results on a month-to-month, year-over-year, or quarterly basis. For investors, the important trends aren't always easy to quantify, especially with so many moving parts.

Alphabet Inc shares took a beating on the news that Samsung may shift to Bing as the default browser on their devices. Already having a mixed review for their AI chatbot, Bard, Google is trying to integrate AI in their browser.

iCapital's Anastasia Amoroso and Truist Wealth's Keith Lerner join 'Closing Bell' to discuss earnings surprising to the upside, techs strong Q1 moving the market, and tech margins leading the S&P.