XLC - XLC: Robust Outlook To Turbocharge Runway Potential

2024-03-20 04:23:25 ET

Summary

• Communication Services sector had a strong performance in 2023, led by stocks like Meta Platforms, Netflix, and Alphabet.
• The Communication Services Select Sector SPDR Fund has outperformed the S&P 500 Index on a trailing 1-year basis.
• XLC is a beneficiary of tailwinds in the communication services and digital ad stocks, making it a strong long-term prospect.

Investment Thesis

2023 was a year of strong performance for the Communication Services sector. Stocks like Meta Platforms (META), Netflix (NFLX), and Alphabet ( GOOG ) led the rebound from the front as their individual earnings outlook improved and investors attempted to rebuild the enthusiasm on the back of a gruesome 2022....

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