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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.
These ETFs deserve special thanks and attention going into the New Year too.
The latest 13-F filings of billionaires indicate that most are still bullish on big techs.
Communication Services Select Sector SPDR Fund enters correction territory due to a broader stock market selloff and Alphabet's plunge. Despite the dip, the communication services sector shows improving growth trends and strong earnings performance. The prospects for a rebound are high because the latest selloff isn't backed depleting fundamentals.
Alphabet reported its third-quarter 2023 earnings with its revenue and earnings beating the estimates. However, slow growth in its Google Cloud revenues which missed the estimates, dragged the shares of the tech giant.
Alphabet shares slumped on Oct 25 as the company's cloud revenues missed estimates. While the industry's challenge in developing and shaping AI infrastructure caused this weakness, the rebound could be seen in 2024.