MYPS - Year's Communications losers lead week's rebound: Roblox Twilio Roku gain

Communications stocks this week pulled a turnaround from a couple of weeks in the doldrums - and after last week, when only a few large-cap stocks in the sector even managed a gain for the week, the situation is now reversed. Only one big-name Communications stock declined for the past week, with dozens of names rebounding in some broad relief buying. The Communication Services Select Sector SPDR Fund (XLC) rose 7.3% over the past five sessions, and Communications stocks on the whole rose 7%, among the best-performing sectors on the week. S&P 500 stocks rose 6.6% over the same period. And the gainers were sharp, and filled with beaten-down names that have suffered mightily this year. Roblox (NYSE:RBLX) rose 47.5% over the past five sessions; year-to-date it's fallen 63.1%. Twilio pulled off the second-best gain over that period among large-caps, up 25.9%; it's down 62.2% YTD. Long-suffering long investors will recognize the other top names on

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Year's Communications losers lead week's rebound: Roblox, Twilio, Roku gain