Latest news with #XLC
Yahoo
22-07-2025
- Business
- Yahoo
Stock Market News for Jul 22, 2025
U.S. stock markets closed mixed on Monday following a trading session in which major indexes changed little. Concerns related to the Trump administration's tariff policies and strong second-quarter 2025 earnings results were two opposite forces that kept investors mostly sidelined. The S&P 500 and the Nasdaq Composite recorded new highs while Dow ended in negative territory. How Did The Benchmarks Perform? The Dow Jones Industrial Average (DJI) fell 19.12 points to close at 44,323.07 after a choppy session. Notably, 17 components of the 30-stock index ended in negative territory, 12 finished in positive zone and one remained unchanged. At intraday high, the blue-chip index was up 259.66 points. The index is currently 1.7% away from its all-time high posted on December 2024. The tech-heavy Nasdaq Composite finished at 20,974.17, rising 0.4% due to strong performance of technology bigwigs. This was a new record-high closing for the index. Moreover, in intraday trading, the tech-laden index posted an all-time high of 21,077.37, reflecting the first time the index touched 21,000 this year. The S&P 500 was up 0.1% to finish at 6,305.60, marking the first closing above the key technical barriers of 6,300 in its history. In intraday trading, Wall Street's most observed benchmark posted a new all-time high of 6,336.08. Six out of 11 broad sectors of the broad-market index ended in positive territory while five in negative zone. The Communication Services Select Sector SPDR (XLC) advanced 1.3%, while the Energy Select Sector SPDR (XLE) declined 1%. The fear-gauge CBOE Volatility Index (VIX) was up 1.5% to 16.65. A total of 19.7 billion shares were traded on Monday, higher than the last 20-session average of 17.7 billion. The S&P 500 registered 17 new highs and 9 new lows, while the Nasdaq posted 97 new highs and 56 new lows. Tariff Related Concerns On July 20, Commerce Secretary Howard Lutnick said on CBS News that the Trump administration will start implementing tariffs from Aug 1. Lutnick said, 'That's a hard deadline, so on Aug 1, the new tariff rates will come in.' However, he also asserted 'Nothing stops countries from talking to us after Aug 1, but they're going to start paying the tariffs on Aug 1.' The Financial Times reported citing three genuine sources that the Trump administration is negotiating with the European Union (EU) to impose at least 15-20% tariffs in any deal. Earlier, President Donald Trump said that he will impose a 30% tariff on EU if it fails to clinch a deal with the United States before the Aug 1 dateline. The EU is the single largest block that collectively exports more to the United States than any single country: Total U.S. goods imports from the EU topped $553 billion in 2022, according to the Office of the U.S. Trade Representative. Total U.S. imports from Mexico were approximately $454.8 billion in 2022, according to the U.S. Trade Representative. Strong Q2 2025 Earnings Results Verizon Communications Inc. VZ came up with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $1.18 per share. The giant national wireless service provider posted quarterly revenues of $34.5 billion, surpassing the Zacks Consensus Estimate by 2.76%. Cleveland-Cliffs Inc. CLF came up with a quarterly loss of $0.5 per share, narrower-than the Zacks Consensus Estimate of a loss of $0.68 per share. The company posted quarterly revenues of $4.93 billion, surpassing the Zacks Consensus Estimate by 0.62%. Consequently, stock prices of Verizon and Cleveland-Cliffs appreciated 4% and 12.5%, respectively. Both stocks currently carry a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Economic Data The Conference Board reported that Leading Economic Indicator declined by 0.3% in June to a reading of 98.8. The consensus estimate was for a decline of 0.2%. The reading for May was revised upward to remain unchanged from a reading of a drop of 0.1% reported earlier. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Verizon Communications Inc. (VZ) : Free Stock Analysis Report Cleveland-Cliffs Inc. (CLF) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
14-07-2025
- Business
- Yahoo
Earnings Preview: What To Expect From Comcast's Report
Philadelphia, Pennsylvania-based Comcast Corporation (CMCSA) operates as a media and technology company worldwide. With a market cap of $130.6 billion, Comcast operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The company is expected to announce its second-quarter results before the markets open on Thursday, Jul. 31. Ahead of the event, analysts expect CMCSA to deliver a profit of $1.17 per share, down 3.3% from $1.21 per share reported in the year-ago quarter. However, the company has surpassed the Street's bottom-line expectations in each of the past four quarters. Shopify Stock is a Bargain - How to Make a 3.2% One-Month Yield with SHOP Tariffs, Inflation and Other Key Things to Watch this Week Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! For the full fiscal 2025, analysts expect Comcast's earnings to remain flat at $4.33 per share, the same as the earnings reported in 2024. While in fiscal 2026, its earnings are expected to grow 7.4% year-over-year to $4.65 per share. CMCSA stock has dropped 7.3% over the past 52 weeks, notably underperforming the S&P 500 Index's ($SPX) 12.1% gains and the Communication Services Select Sector SPDR ETF Fund's (XLC) 22.4% surge during the same time frame. Comcast's stock prices dropped 3.7% after the release of its mixed Q1 results on Apr. 24. While the company's total domestic wireless line customers increased by 323,000, its total domestic broader customer base decreased by 199,000, and its total domestic video customer net losses stood at 427,000. This contributed to its overall topline declining 57 bps year-over-year to $29.9 billion. Meanwhile, the company experienced a slight improvement in margins, leading to a 4.5% year-over-year growth in adjusted EPS to $1.09. Moreover, its cash flows from operations increased 5.7% year-over-year to $8.3 billion. The stock holds a consensus 'Moderate Buy' rating overall. Of the 31 analysts covering the CMCSA stock, opinions include 15 'Strong Buys,' 14 'Holds,' and two 'Strong Sells.' Its mean price target of $40.23 represents a 15% premium to current price levels. On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
08-07-2025
- Business
- Yahoo
What You Need to Know Ahead of Live Nation Entertainment's Earnings Release
Valued at a market cap of $34.2 billion, Live Nation Entertainment, Inc. (LYV) is a live entertainment company headquartered in Beverly Hills, California. It owns, operates, and holds exclusive booking rights for a wide range of live entertainment venues. These include its House of Blues music venues as well as iconic locations such as The Fillmore in San Francisco, Brooklyn Bowl, and the Hollywood Palladium. It is expected to announce its fiscal Q2 earnings for 2025 on Tuesday, Jul. 29. Ahead of this event, analysts expect this live entertainment company to report a profit of $1.05 per share, up 1.9% from $1.03 per share in the year-ago quarter. The company has a solid trajectory of consistently beating Wall Street's bottom-line estimates in each of the last four quarters. In Q1, LYV's loss per share of $0.32 outpaced the forecasted figure by 5.9%. This Analyst Just Raised His Broadcom Stock Price Target by 70%. Should You Buy AVGO Now? Why Alibaba Stock Looks Like a Screaming Buy After Falling 27% From Its 2025 Highs 2 ETFs Offering Juicy Dividend Yields of 20% or Higher Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! For fiscal 2025, analysts expect LYV to report a profit of $2.35 per share, down 14.2% from $2.74 per share in fiscal 2024. Nonetheless, its EPS is expected to grow 16.6% year-over-year to $2.74 in fiscal 2026. LYV has rallied 54.6% over the past 52 weeks, considerably outpacing both the S&P 500 Index's ($SPX) 11.9% return and the Communication Services Select Sector SPDR Fund's (XLC) 21.9% uptick over the same time frame. On May 1, LYV released its Q1 results, and its shares rose 1.9% in the following trading session. Due to a decline in revenue from its core concerts and ticketing segments, the company's overall revenue fell 11% year-over-year to $3.4 billion and missed the consensus estimates by 2.9%. However, its EPS showed improvement. It narrowed to a loss of $0.32 from a loss of $0.56 recorded in the same period last year and came in 5.9% ahead of Wall Street estimates. Its adjusted free cash flow also advanced 28.5% year-over-year to $216.1 million due to higher net cash provided by operating activities, which might have further bolstered investor confidence. Wall Street analysts are highly optimistic about LYV's stock, with a "Strong Buy" rating overall. Among 21 analysts covering the stock, 19 recommend "Strong Buy," one indicates a "Moderate Buy," and one suggests a "Hold' rating. The mean price target for LYV is $168.10, which indicates a 14.1% potential upside from the current levels. On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
CNBC
30-06-2025
- Business
- CNBC
In market rally back to record, best S&P 500 tech trade hasn't been 'Mag 7' or tech sector itself
In recent years, the technology sector, especially its biggest names like Apple, had developed the reputation of being the safest choice in a volatile stock market. Tech stocks are now back, even after the big hit many took in 2025's first half. At the first half's closing low on April 8, the S&P 500 was down 15% year-to-date. At its closing high last Friday, the index was up 5% YTD. Over the past month through last Friday, tech was up 8.67%, leading the S&P 500. Over the past quarter, tech was up 22.30%, its best quarterly performance since the second quarter of 2020's Covid boom. But one sector that has a healthy tech-bent has done even better than the tech sector itself: the Communication Services sector of the S&P 500. Last week, it was up over 6%, leading all sectors, and year-to-date, it has turned in better performance than tech. The Communication Services Select Sector SPDR Fund (XLC) is up over 11% year-to-date, while Technology Select Sector SPDR Fund (XLK) is up a little under 9%. What's led Communication Services to outperform the tech sector itself? The "service"-based nature of the sector has enabled it not only to sustain but also to thrive in a volatile market, according to Matt Bartolini, State Street Head of SPDR Americas Research. "When we look at it on a cross-asset momentum, it ranks one across all other sectors," said Bartolini, speaking on CNBC's "ETF Edge." Another way to put it: "No one is cancelling Netflix," said Todd Sohn, Senior ETF & Technical Strategist at Strategas Asset Management. A look under the hood of XLC is important to understand the relative outperformance. Roughly 36% of XLC is in its top holdings: Meta, Netflix, and Alphabet. While Alphabet has been a notable laggard in tech this year, Meta, with a weight of 18.57% in the ETF, has been outperforming since April and is up by over 20% YTD. Netflix is hovering around its all-time high, and is up close to 50% this year. That's more than covered for Alphabet's losses, even though it has the second highest weighting within XLC. And investors have been moving into the ETF this year, with roughly $1.6 billion in flows, about three times higher than XLK, which has seen near $500 million in inflows, according to "XLC has been a strong performer, aided by its top holding, Meta, as well as other stocks," said Todd Rosenbluth, Head of Research at VettaFi. "Netflix has been a star this year," he added. Betting less heavily on the top-heavy tech names in indexes and sectors has worked well here, too with Invesco's S&P 500 Equal Weight Communication Services ETF (RSPC), up close to 11% year-to-date. For the pure-play tech sector bet offered by XLK, it is led by the likes of Microsoft, Nvidia, and Apple, with the latter a similar drag on performance in the tech sector as Alphabet has been to communication services. "XLK has the Apple headwind. Semiconductors are on the rebound, but are coming off a significant correction too," Sohn said. Apple is down by 18% this year, and it is the only "Magnificent 7" stock to recently trade below both its 50- and 200-day moving averages. The Roundhill Magnificent 7 ETF (MAGS), which is an equally weight Mag 7 portfolio, is up only a little over 2% this year. Overall, tech-focused ETFs are doing well, with the Invesco QQQ Trust (QQQ), up close to 17% over the past quarter, and roughly 8% this year. And Vanguard's Information Technology ETF (VGT) has seen sizable flows, at close to $3.5 billion YTD, but its 6% year-to-date gain is well behind XLC, almost half the level. But there are additional examples from the market showing that the communication services bet has been the better way to leverage some top names associated with tech-led rallies, especially in a year when international stocks have beaten the U.S. market. A communication services ETF with a higher exposure to foreign stocks, the iShares' Global Communication Services ETF (IXP), is up over 15% this year, beating XLC by a notable margin. "It's due to their exposure to non U.S. stocks," Rosenbluth said. "International stocks have been stronger performers and provide diversification benefits," he added. Disclaimer
Yahoo
27-06-2025
- Business
- Yahoo
TKO Group Stock: Is TKO Outperforming the Communication Service Sector?
With a market cap of $34.6 billion, TKO Group Holdings, Inc. (TKO) is a sports and entertainment conglomerate formed through the merger of WWE and UFC under Endeavor Group Holdings. As a subsidiary of Endeavor, TKO oversees premier combat sports brands and generates revenue through live events, streaming via UFC Fight Pass, merchandise, sponsorships, and a broad range of licensed media content across digital and linear platforms. Companies valued at $10 billion or more are generally classified as 'large-cap' stocks, and TKO Group fits this criterion perfectly. As of 2024, TKO owns the world's most valuable MMA and pro wrestling organizations and has expanded further by acquiring IMG, On Location Events, Professional Bull Riders, and Mexico's Lucha Libre AAA Worldwide. Tesla's Robotaxis Reportedly Sped and Veered Into the Wrong Lanes. Does This Crush the Bull Case for TSLA Stock? Dear Micron Stock Fans, Mark Your Calendars for June 25 Warren Buffett Warns 'Thumbsucking' is 'the Cardinal Sin' in Business Because It's 'Delaying the Correction of Mistakes' Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Shares of the New York-based company have declined 2.3% from its 52-week high of $179.09. TKO stock has gained 13.2% over the past three months, outperforming the Communication Services Select Sector SPDR ETF Fund's (XLC) 5.3% rise during the same period. In the longer term, WWE, UFC Parent's shares have increased 23.1% on a YTD basis, exceeding XLC's 8.7% gain. Over the past 52 weeks, TKO stock has climbed 63.3%, compared to XLC's 22.4% return over the same period. The stock has been trading mostly above its 50-day and 200-day moving averages since last year. TKO Group reported Q1 2025 results on May 8. The company reported revenue of $1.3 billion and net income of $165.5 million, a sharp turnaround from a $234.5 million loss the prior year. Adjusted EBITDA jumped 23% to $417.4 million, driven by growth at both WWE and UFC, and the company raised its full-year guidance. Investors also reacted positively to the inclusion of recently acquired IMG, On Location, and PBR businesses, which pushed projected 2025 revenue up to as much as $4.6 billion. However, shares of TKO fell 5.5% the next day. In comparison, rival The Walt Disney Company (DIS) has lagged behind TKO stock. DIS stock has soared 7.3% on a YTD basis and 16.9% over the past 52 weeks. Due to the stock's outperformance, analysts are bullish on TKO. The stock has a consensus rating of 'Strong Buy' from the 19 analysts covering it, and it is currently trading below the mean price target of $186.72. On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
