Communication services weekly roundup: The Trade Desk leads, News Corp lags

Published 1 month ago Negative
Communication services weekly roundup: The Trade Desk leads, News Corp lags
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Wall Street’s broader market averages closed mixed on Friday as market participants digested the U.S. government shutdown for the third day. For the week, the Dow, S&P 500, and Nasdaq Composite advanced by 1.1%, 1.08%, and 1.32%, respectively.

Overall, the sector, represented by the Communication Services Select Sector SPDR ETF (NYSEARCA:XLC [https://seekingalpha.com/symbol/XLC#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews]), lost 1.8% in the week.

Weekly top gainers

* The Trade Desk (TTD [https://seekingalpha.com/symbol/TTD]) advanced 9.36%
* Electronic Arts (EA [https://seekingalpha.com/symbol/EA]) gained 3.80%
* Charter Communications (CHTR [https://seekingalpha.com/symbol/CHTR]) added 2.42%
* AppLovin (APP [https://seekingalpha.com/symbol/APP]) gained 1.93%
* Fox Corp (FOXA [https://seekingalpha.com/symbol/FOXA]) moved up by 1.32%

Biggest weekly decliners

* News Corp (NWSA [https://seekingalpha.com/symbol/NWSA]) tumbled 6.80%
* Match Group (MTCH [https://seekingalpha.com/symbol/MTCH]) lost 5.30%
* Netflix (NFLX [https://seekingalpha.com/symbol/NFLX]) dropped 4.73%
* News Corp (NWS [https://seekingalpha.com/symbol/NWS]) fell 4.58%
* Meta Platforms (META [https://seekingalpha.com/symbol/META]) slipped 4.46%

Communication Services Q3 roundup [https://seekingalpha.com/news/4500548-communication-services-q3-roundup-app-wbd-tops-chart-chtr-ttd-worst-performer]: AppLovin tops chart, Charter Communications worst performer

ETFs to tab the communication services sector include: (NYSEARCA:XLC [https://seekingalpha.com/symbol/XLC#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews]), (VOX [https://seekingalpha.com/symbol/VOX]), (IYZ [https://seekingalpha.com/symbol/IYZ]), (RSPC [https://seekingalpha.com/symbol/RSPC]), and (XTL [https://seekingalpha.com/symbol/XTL]).

MORE ON COMMUNICATION SERVICES SELECT SECTOR SPDR FUND

* IXP Vs. XLC: Three Hidden Investments To Add To A Communications Services Sector ETF [https://seekingalpha.com/article/4818028-ixp-vs-xlc-three-hidden-investments-to-add-to-a-communications-services-sector-etf]
* XLC: The Communication Services ETF That's Heavily Weighted Toward Big Tech [https://seekingalpha.com/article/4802732-xlc-communication-services-etf-thats-heavily-weighted-toward-big-tech]
* Communication Services Q3 roundup: APP, WBD tops chart, CHTR, TTD worst performer [https://seekingalpha.com/news/4500548-communication-services-q3-roundup-app-wbd-tops-chart-chtr-ttd-worst-performer]
* Top weekly communication services gainers and losers: EA leads, Match Group lags [https://seekingalpha.com/news/4499686-top-weekly-communication-services-gainers-and-losers-ea-leads-match-group-lags]
* Seeking Alpha’s Quant Rating on Communication Services Select Sector SPDR Fund [https://seekingalpha.com/symbol/XLC/ratings/quant-ratings]