Articles tagged with XLC

There have been three sectors that have outperformed the S&P 500 over the past three months and they are: technology (XLK), consumer discretionary (XLY), and communication services (XLC). These three sectors represent 26.01%, 10.09%, and 8.11%, respectively, of the S&P 500. That TOTALS 44.21% of the S&P 500. One of the best-performing ETFs has been the VanEck Vectors Morningstar Wide Moat ETF (MOAT):...keep reading

I've written much lately about the strengthening communications service sector (XLC). Year-to-date, the XLC is the strongest sector (+23.76%), edging out technology (XLK, +19.72%). But the best news of all is that it's on the verge of a neckline breakout in a bullish, bottoming, reverse head & shoulders pattern. If that breaks, we should see areas like internet ($DJUSNS) and broadcasting & entertainment ($DJUSBC) get a lift. One stock in internet that certainly seems poised to benefit is Pinterest, Inc. (PINS):...keep reading

Thus far, communication services (XLC) has been the leading sector in 2023. The XLC is up 23.13% year-to-date, while both technology (XLK) and consumer discretionary (XLY) are strong as well, gaining 20.06% and 12.55%, respectively. No other group is up more than 3%. This is actually good news as Wall Street is POURING its resources into the most aggressive sectors. You wouldn't do that if you felt the stock market was overvalued and poised for a plunge. One of the keys for the market here in Q2 is the XLC. While it's been strong so far in 2023, there's plenty of work left to do on its chart....keep reading

Last Thursday and Friday provided us a glimpse of what the next several months could look like. Early this year, I expected that the stock market would unravel, but then rally back late in the year as lower interest rates spurred growth stocks after 9-10 months of relative devastation. Below is a chart that highlights key support levels of the 10-year treasury yield ($TNX), along with the relative performance of several key growth vs. value ratios:...keep reading

Growth stocks have been struggling as the 10-year treasury yield ($TNX) continues to climb higher and higher. The Fed hasn't backed down from its aggressive rate-hiking campaign and technology stocks (XLK), along with stocks in consumer discretionary (XLY) and communication services (XLC) are not offering many uptrending stocks. But that doesn't mean there aren't strong and strengthening stocks out there....keep reading

One by one, we've seen industry groups move from downtrending prices to uptrending prices. Several of these uptrends are much more advanced than others, but one that seems to just be turning higher is media agencies ($DJUSAV), which belongs to the communication services sector (XLC). After a long and steady decline that's spanned nearly a year, the DJUSAV gapped up earlier this week to confirm what I believe is a new uptrend:...keep reading