2024-05-02 08:29:25 ET
Summary
- The Communication Services Select Sector SPDR® Fund ETF is an eclectic combination of high-tech mega-cap stocks and telecom & cable utilities, streaming, and media content companies.
- XLC is a surprisingly high growth portfolio (18% EPS growth) at a reasonable valuation at 1.1x PEG.
- Consensus price targets point to over 20% upside potential to YE24.
- The ETF has a concentrated portfolio with Meta & Google making up 48% of AUM, which can pose a systemic risk.
Summary
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XLC: An Eclectic Growth ETF