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The Communication Services sector has seen quite the boom in 2024, outpacing many other sectors of the S&P 500. Giants of Wall Street have thrown their weight behind the surge, making it a spectacle to behold. However, amidst the dazzling display, several large-cap Communication Services stocks have faltered and stumbled through January, failing to keep pace with the sector’s ebullience.
Year to date, the Communication Services sector has made strides, advancing by 6.7%. Nonetheless, household names such as Roblox Corporation (NYSE:RBLX), Snap Inc (NYSE:SNAP), and Roku Inc (NASDAQ:ROKU) are struggling, finding themselves deeply entrenched in the red.
The list below outlines the worst-performing large-cap Communication Services stocks of 2024:
Underperformers:
10. Roku Inc (ROKU) -3.3% YTD.
9. Charter Communications (CHTR) -3.6% YTD.
8. Telefônica Brasil S.A. (VIV) -3.7% YTD.
7. Snap Inc (SNAP) -5.1% YTD.
6. Live Nation Entertainment (LYV) -5.5% YTD.
5. Sirius XM Holdings Inc. (SIRI) -6.5% YTD.
4. Twilio (TWLO) -6.6% YTD.
3. Warner Bros. Discovery (NASDAQ:WBD) -11% YTD.
2. Baidu (BIDU) -11.1% YTD.
1. Roblox Corporation (RBLX) -13.8% YTD.
For investors seeking further insight into the Communication Services sector, exchange traded funds are worth considering. Here are some of the sector’s most popular ETFs:
- Communication Services Select Sector SPDR Fund (XLC) +5.1% YTD.
- Vanguard Communication Services ETF (VOX) +4.7% YTD.
- Fidelity MSCI Communication Services Index ETF (FCOM) +4.5% YTD.
- iShares Global Comm Services ETF (IXP) +4.7% YTD.
- Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) +2.2% YTD.
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