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
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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
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