XLC Stock Recent News

The search engine behemoth Alphabet (GOOGL) is expected to report its earnings on Oct 24.

The XLC ETF has advanced more than 40% this year.

This year, communication services have benefitted from not just capital appreciation (the best-performing sector in the markets), but additional fund flows as well, pointing to a more abiding sentiment shift. We see how XLC stacks up against its next largest peer-VOX. We close with a few themes that could weigh on XLC's performance going forward.

Barbie, the iconic doll turned movie star, topped $1 billion at the global box office since its debut on Jul 21, marking a historic moment for the film industry.

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.