The communication services (XLC [https://seekingalpha.com/symbol/XLC]) gained nearly 4% in the third quarter, helped by resilience in mega-cap stocks and AI monetization, even though the broader market saw some volatility. COMMUNICATION SERVICES SECTOR Q3 SCORECARD * Sector Return: 3.58% * Best Performer: Meta Platforms (+24.65%) * Worst Performer: AppLovin (-46.31%) * Top Theme: Artificial Intelligence Seeking Alpha analyst Dividend Collection Agency [https://seekingalpha.com/author/dividend-collection-agency#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews], Contributing analyst to the iREIT+Hoya Capital investment group, believes that the Communications sector was up primarily due to the sell-off the previous quarter.
We show the main point publicly. Create a free account to continue reading the full article, save it, discuss it, and connect it with market and OSINT context.