Interactive media & services dominates the fund’s return at 42.7%, followed by integrated telecommunication services (20%). It holds 73 stocks in its basket, with Meta Platforms taking the third spot at 9.5% share. IShares Global Comm Services ETF provides global exposure to companies in media, entertainment, social media, search engine, video/gaming and telecommunication services by tracking the S&P Global 1200 Communication Services 4.5/22.5/45 Capped Index. It charges 10 bps in annual fees and has a Zacks ETF Rank #3 with a Medium risk outlook. Vanguard Communication Services ETF has AUM of $2.7 billion and trades in a good volume of 305,000 shares a day, on average. Interactive media & services is the top sector, accounting for 37% of the portfolio, while movies & entertainment, integrated telecommunication services, and cable & satellite round off the next three. Holding 113 stocks in its basket, Meta Platform takes the second spot with a 10.5% share. Vanguard Communication Services ETF also targets the communication sector by tracking the MSCI US Investable Market Communication Services 25/50 Index. Vanguard Communication Services ETF (VOX) It charges 8 bps in annual fees and has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook. It holds 113 stocks in its basket, with Meta Platforms occupying the second position at 10.7% (read: 5 ETFs to Ride On as Nasdaq Clocks Best January in 20 Years).įidelity MSCI Communication Services Index ETF has amassed $512.9 million in its asset base and trades in an average daily volume of 127,000 shares. It has a Zacks ETF Rank #3 (Hold).įidelity MSCI Communication Services Index ETF (FCOM)įidelity MSCI Communication Services Index ETF follows the MSCI USA IMI Communication Services 25/50 Index. About 40.9% of the portfolio is allocated to interactive media & services, while entertainment and media round off the next two.Ĭommunication Services Select Sector SPDR Fund charges 10 bps in annual fees and trades in an average daily volume of 5.6 million shares. It follows the Communication Services Select Sector Index and holds 25 stocks in its basket, with Meta Platforms occupying the top position at 16.8% share. The Zacks Consensus Estimate is of $27.18 billion.Ĭommunication Services Select Sector SPDR Fund (XLC)Ĭommunication Services Select Sector SPDR Fund offers exposure to companies from telecommunication services, media, entertainment and interactive media & services, and has accumulated $9.2 billion in its asset base. The world’s largest social media platform expects to post revenues in the range of $26-$28.5 billion for the first quarter. The company stated that about 2.96 billion people use at least one of the Family of services (Facebook, WhatsApp, Instagram or Messenger) every day, on average. Monthly active users grew 2% year over year, each to 2.96 billion. Meta Platforms’ global daily active users increased 4% year over year to 2.00 billion. The year-over-year decline came on the back of a downturn in the online advertising market and competition from rivals such as TikTok (see: all the Communication ETFs here). This marks Meta’s third consecutive year-over-year revenue decline since going public in 2012. Revenues dipped 4% year over year to $32.2 billion and came above the estimated $31.3 billion. Earnings in FocusĪdjusted earnings per share came in at $3.00, topping the Zacks Consensus Estimate of $2.12 but declining from the year-ago earnings of $3.67 per share. These include Communication Services Select Sector SPDR Fund XLC, Fidelity MSCI Communication Services Index ETF FCOM, Vanguard Communication Services ETF VOX, iShares Global Comm Services ETF IXP and MicroSectors FANG+ ETN FNGS. Investors should buy ETFs having a large allocation to this social media giant to tap the opportune moment. If the surge holds true when the market opens today, Meta would add about $76 billion to its market value, according to Bloomberg data, largely reversing the $89 billion hit at its third-quarter results amid investor anxiety over its costly metaverse bet. META shares spiked 20% in aftermarket hours on elevated volume. Though the social media giant reported its third consecutive quarterly drop in revenues, it provided an upbeat revenue forecast, signaling a rebound in demand for digital ads after months of weak sales. After the closing bell on Feb 1, Facebook’s parent company Meta Platforms META reported solid fourth-quarter 2022 results, wherein it outpaced revenue and earnings estimates.
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