Communication Services Sector December Outlook—Broad upside participation from Legacy Industries has Boosted the Sector
Surprising strength from Media and Entertainment industries has added luster to a sector typically supported by its Mag7 pillars
NFLX
ETFsector.com Daily Trading Outlook, November 18, 2024
S&P futures are up 0.1% in Monday pre-market trading following a week where the S&P 500 lost over 2% and the Nasdaq shed more than 3%, erasing post-election gains. European and Asian equities are mostly lower, with China leading declines. Treasuries are little changed to weaker, with the curve steepening. The Dollar index is flat,
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Communication Services Sector November Outlook—Big Interactive Media Stocks are Taking Off Again
We like the technical setup for XLC heading into November and it is our largest position in the Elev8 model
ETFsector.com Daily Trading Outlook, October 21, 2024
S&P futures are down 0.2% in Monday morning trading, following last week’s gains where the Dow, S&P, and Nasdaq all extended their winning streak to six weeks, the longest in 2024. Big tech, banks, airlines, builders, retail, and utilities were standouts, while managed care, energy, machinery, chemicals, and China tech lagged. Asian markets were mixed
ETFsector.com Daily Trading Outlook, October 21, 2024 Read More »
ETFsector.com Daily Trading Outlook, October 9th, 2024
S&P futures are down 0.1% in Wednesday premarket trading, following Tuesday’s rally where the S&P 500 rose ~1%, led by big tech while energy lagged on an oil selloff. Asian equities were mixed, with China’s Hang Seng extending Tuesday’s selloff. European equities are mostly higher. Treasuries remain steady, and the dollar index is up 0.1%,
ETFsector.com Daily Trading Outlook, October 9th, 2024 Read More »
ETFsector.com Daily Trading Outlook, October 8th, 2024
S&P futures are up 0.4% in Tuesday premarket trading, bouncing back after a weaker Monday session driven by rising Treasury yields. Big tech was mostly down yesterday, except for NVDA, which outperformed. European markets are weaker today, following a mixed session in Asia where China returned from its Golden Week holiday. Treasuries are mixed, with
ETFsector.com Daily Trading Outlook, October 8th, 2024 Read More »
XLC Communication Services SPDR September Outlook—As Mega Cap. names have consolidated other industries have seen performance improve. We start September Overweight XLC
Investors have rotated away from Mega Cap. Growth over the past 3 months, but now leave many of the bull cycle’s favorite names in buyable positions
ETFsector.com Daily Trading Outlook, July 18, 2024
The Dow expanded upon its all-time high on Wednesday adding 0.59% while selling in the Nasdaq Composite continued with the Tech. heavy Index off -2.77%. The broad market S&P 500 was down -1.39% as laggard Sectors led the tape. XLP led, up 1.29%, while XLE added 1.00%. XLK was a big drag on the S&P
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XLC Communication Services SPDR July Outlook—META, GOOG/L and NFLX continue to pace the sector
The XLC continues to benefit from the lack of inflation and the strong bull trend behind Growth stocks. Entering July we see a continued positive environment for the sector.
XLC Communication Services SPDR June Outlook—Periphery industries firm up around Blue-Chips META, GOOG/L and NFLX
The XLC has improved steadily since the advent of the bull market in early 2023. Upside participation is broadening out and rates have failed below cycle highs for the 2nd time over the intermediate term alleviating that concern. The Elev8 Sector Model recommends an OVERWEIGHT position in XLC vs. the S&P 500 of +3.22% our largest overweight allocation for June