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XLC News18 articles
AT&T's Dividends Lure Income Investors Amid Starlink Threat
AT&T shares slip 0.4% as dividend yield attracts buyers, but Wells Fargo downgrade highlights Starlink risk. Earnings report set for July 22.
Meta Shares Recover After Early Dip; Focus Shifts to AI Chip and Power Expansion
Meta shares bounced back from an early loss, rising 1.7% to $613.19, as traders focused on the company's AI chip plans and capacity expansion targets.
Verizon Shares Slide as Investor Fears Mount Over Dividend Security Amid Satellite Threat
Verizon shares dropped 1.1% as investors focused on dividend risk, with the stock's daily trading range surpassing the upcoming quarterly payout. Market losses from satellite competition add pressure.
Reddit Surges 14% on Short Interest Spike and Ad Revenue Growth
Reddit shares surged 14% Wednesday as short interest climbed and the company's ad revenue growth continues to improve.
Verizon Shares Slide on Starlink Threat, BT Deal Fails to Impress
Verizon shares fell 5.3% in premarket trading as Starlink's mobile ambitions outweighed its BT Group joint venture, pushing the dividend yield to 6.4%.
AT&T Slumps as Starlink-Cable Pact Rattles Telecoms
AT&T dropped 5.2% on Monday as news of a potential Starlink-Charter partnership and Comcast's breakup weighed on telecom stocks.
Charter Surges on Comcast Split Speculation; Buyback Gap Persists
Charter Communications shares surged 13.8% after Comcast's breakup plan fueled cable merger speculation, though the stock still trades 32% below its Q1 buyback average.
Comcast Stock Dips Again as UK Park Plan and $4B Debt Deal Weigh
Comcast shares dropped 1.1% to $23.26, extending a 5.35% decline, as the market reacts to a £5 billion UK resort plan, a $4.14 billion debt buyback, and Peacock's profitability milestone.
Verizon Stock Slips as Tech Surge Drives Markets to Records; Jobs Data in Focus
Shares of Verizon (VZ) fell 1.1% for the week, ending at $47.81, while major U.S. indices hit new record highs driven by tech stocks.
WBD Shares Dip Amid California Probe, Paramount Deal Faces Scrutiny
Warner Bros. Discovery shares declined 1% Friday, closing at $27.14, as California's attorney general launched an investigation into Paramount's $31-per-share acquisition offer, adding to existing regulatory and financing concerns.
Netflix Shares Dip Amid Target Cut and Market Selloff
Netflix shares slipped 0.6% to $94.31 on Thursday as Argus trimmed its price target to $110, citing the abandoned Warner Bros deal. The streaming giant is refocusing on organic growth, buybacks, and advertising initiatives.
Communication Sector Stalls as Ad Worries Offset Gains
Communication services stocks lacked momentum entering a holiday-shortened week, with the sector's main ETF finishing essentially unchanged. Heavyweight internet stocks declined while telecom and media names provided some support.
Communication Services Stocks Face Pressure from Pinterest Plunge, Alphabet Debt, and Media Deals
Pinterest's sharp decline on weak ad outlook weighs on the communication services sector, while Alphabet's bond sale and media merger activity set the stage for Tuesday's trading.
Communication Services Sector Lags as AI Spending Concerns Weigh on Big Tech
The Communication Services ETF (XLC) fell 0.4% Friday, diverging from a broad market rally, as Alphabet and Meta declined. Investors scrutinized massive AI capital expenditure plans.
Charter Communications Slides as Broadband Subscriber Losses Mount
Charter Communications shares dropped 3% after reporting a larger-than-expected loss of broadband subscribers and lowering its core profit forecast for 2026.
BlackBerry Soars 32% in Two Days as Secure Communications Outshines QNX
BlackBerry shares jumped 32.3% in two days, adding $1.6 billion in market value, as Secure Communications outperformed QNX in Q1 revenue and adjusted EBITDA, though management signals gradual QNX growth.
Charter Communications Shares Tumble 22% as Broadband Losses Double
Charter Communications shares fell 22% after reporting 120,000 broadband customer losses in Q1, double last year's figure and worse than analyst expectations.
Communication Services Sector Trails Market Rally Amid AI Spending Concerns
The Communication Services Select Sector SPDR Fund (XLC) declined 0.39% on Friday, underperforming the S&P 500's 1.97% gain. Key holdings like Alphabet and Meta fell as investors weigh heavy AI-related capital expenditures.