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XLC LATEST HEADLINES
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.
While investors have renewed interest in the tech sector this year, this week, however, the sector lagged with news of PC shipments falling 29% y/y globally in 1Q23 due to excess inventory and decreased consumer demand.
The Communication Services Select Sector SPDR Fund ETF includes several GARP stocks in the communications sector, including Meta Platforms (formerly Facebook), Alphabet and Netflix. The risk/reward profile is favorable, yet it comes with higher volatility than the general market.
The Communication Services sector was a major loser in 2022. Light investor positioning coming into this year set the stage for a growth style comeback.
Major U.S. indices are up but lagging developed international peers. The growth investment style is significantly outperforming value.
There's arguably no hotter area to invest in today than artificial intelligence.
After a strong start to the year, Wall Street was caught in feeble trading triggered by the Fed's aggressive rate hike speculation in February and the bank crisis in March.