AMX - Charter gains for week - and Roblox and Snap fall - as Communications stocks show reversion

After a rebound a week ago, Communications Services stocks turned down this week along with the market at large - though with tech and energy stocks selling off, it was far from the worst performer among sectors. The Communications stocks were again in the middle of the sector pack, declining 1.3% as a group (better than the 4% and 5% declines for information technology and energy respectively). The sector's top gainer among stocks was a rebounder, as it was also last week's top loser: Charter Communications gained 6.4% to lead large-cap gainers in the sector for the week, just a week after it led all decliners with a 10% drop. That came as some investors thought last week's cableco sell-off might have run too far. And J.P. Morgan named Charter a key long pick in the cable sector, expecting share gains despite hotter competition. Also among top gainers was AMC Entertainment (NYSE:AMC) - which

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Charter gains for week - and Roblox and Snap fall - as Communications stocks show reversion