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Fidelity MSCI Communication Services ETF owns a portfolio of 25 U.S. communication services stocks with a low expense ratio of 0.08%. FCOM has almost recovered to a previous peak in 2021 and has a bright long-term growth outlook. The fund has higher volatility and downside risk.
Google's parent company Alphabet (GOOGL) entered the exclusive $2 trillion club on April 26, 2024, with potential for further expansion.
Consider investing in ETFs that have a significant amount of Alphabet stock, as the company has announced strong first-quarter 2024 results and plans to issue a cash dividend on a quarterly basis.
Meta Platforms exceeded expectations on both revenue and profit, but disappointed with lower revenue and higher spending projections.
META shares spiked as much as 14% to a record high in aftermarket hours following its earnings results, pushing its market capitalization by $148 billion to $1.16 trillion.
Alphabet (GOOGL) reported its fourth-quarter 2023 earnings results beating Zacks Consensus Estimates for both revenue and earnings. Look into how Alphabet-heavy ETFs are affected.
Look into how telecomm ETFs reacted to Q4 earnings.
Meta's (META) stock price has fully rebounded from its tumultuous year in 2022, as it inched up almost 2% on Friday to close at $383.45, setting a new record.
FCOM is an ETF that offers exposure to U.S. communication services stocks, but it has a concentration risk, with Meta and Alphabet accounting for 40% of the fund. The top ten holdings of FCOM make up approximately 69.88% of its total net assets, with Meta Platforms Inc and Alphabet Inc being the largest positions. FCOM faces competition from other communication services ETFs such as XLC and VOX, but it has a lower expense ratio and has performed in line with VOX.
Alphabet reported its third-quarter 2023 earnings with its revenue and earnings beating the estimates. However, slow growth in its Google Cloud revenues which missed the estimates, dragged the shares of the tech giant.
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