Communication Services Select Sector SPDR Fund [XLC] Stock Forecast

With just a couple of trading days left, the Nasdaq Composite Index has emerged as the top-performing index of 2023, gaining about 25%.

This year, communication services have benefitted from not just capital appreciation (the best-performing sector in the markets), but additional fund flows as well, pointing to a more abiding sentiment shift. We see how XLC stacks up against its next largest peer-VOX. We close with a few themes that could weigh on XLC's performance going forward.

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It has been almost a month since the second-quarter earnings season kicked off. These sectors emerged winners so far in this earnings season.

Barbie, the iconic doll turned movie star, topped $1 billion at the global box office since its debut on Jul 21, marking a historic moment for the film industry.

Among the top five big tech stocks, Amazon, Facebook-parent Meta and Google-parent Alphabet delivered impressive results, garnering positive reactions from investors, while Apple and Microsoft disappointed investors.

With the Telecom sector posting mixed results for Q2 2023, look into Telecom ETFs to capitalize on the opportunities present.

Meta Platform (META) posted its first double-digit revenue growth since 2021, boosted by the artificial intelligence (AI) craze.

Communication Services Select Sector SPDR Fund is a US stock and trading under the symbol XLC

Communication Services Select Sector SPDR Fund stock price is $65.56 today.

Yes, Communication Services Select Sector SPDR Fund is a publicly traded company.