FCOM News and Press, Fidelity MSCI Communication Services Index From 07/07/22

Angi's business, as it exists today, is a result of a brand consolidation strategy. Management understands and acknowledges all has not gone well in the brand consolidation process. Angi continues to struggle to achieve brand efficiency, with incremental selling and marketing expe...

Why traditional telcos are back in favour amongst many investors? How a post-covid world is impacting high-growth tech stocks? Investors are searching for defense stocks, and that's changing the investing landscape. Many of the biggest names in tech have tumbled ...

Deutsche Telekom reported 6.2% (Y/Y) revenue growth in 1Q22, primarily supported by the business in the United States, which remains the company's growth engine. 1Q22 net profit ballooned to €3.9 billion thanks to gain from deconsolidation of T-Mobile Netherlands and 50% of its...

FCOM and XLC are two Communication Services ETFs that seemingly share many similarities but have a surprisingly different performance track record. Investors may be surprised to learn that the much smaller FCOM has bested XLC by nearly 3% per year since its October 2013 launch. Fees a...

Shares of Roku are up 11% due to speculation that Netflix may acquire the streaming platform. Netflix risks losing its focus as a content publisher if it also wants to become an advertising company. Roku will no longer be a neutral CTV advertising outlet if the merger takes place....

Meta Platforms’ true economic or owners’ earnings have been consistently better than its accounting earnings. As a result, its valuation is even more attractive than on the surface. Its FW P/E is about 16x on a GAAP basis, but only about 11x on an owners’ earn...

According to our interpretation of several economic indicators, we believe that we are still in the expansion phase of the business cycle, however we may be close to its peak. Both in the expansion phase and at the peak of the cycle, consumer spending is generally above average, which...

Meta Platform's stock has been under significant pressure recently. Sentiment surrounding the company has soured due to numerous adverse developments. Now, the company's long-time COO, Sheryl Sandberg, is departing. However, a management shakeup may be what Meta needs to get i...

Sheryl Sandberg will be stepping down as COO of Meta Platforms in fall 2022. 15-year Facebook veteran Javier Olivan will take on the role. Sandberg's departure adds more uncertainty to ongoing challenges Meta is facing. Shares remain a hold on slowing growth and heavy spending...

The recent carnage in the stock market offers Meta's management a good opportunity. In the last twelve months, Facebook has spent over $50 billion on buybacks and the company has another $30 billion in authorized capital for buybacks. Facebook’s trailing twelve months free ...