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RSPC

Invesco S&P 500® Equal Weight Communication Services ETF

https://www.invesco.com/us/financial-products/etfs/product-detail?audienceType=Institutional&ticker=RSPC

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The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index. The underlying index is composed of all of the components of the S&P 500® Communication Services Index. The Parent Index is designed to measure the performance of common stocks of all companies included in the S&P 500® Index that are classified as members of the communication services sector, as defined according to the GICS®, with a 22 company minimum count at each quarterly rebalance. It is non-diversified.

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Walt Disney Company (NYSE:DIS) has expanded its paid sharing program for Disney+ to include an 'Extra Member' add-on, allowing account holders to add someone outside their household for an additional fee. This expansion is now available in multiple regions, including the U.S. The stock is trading slightly higher, and investors can gain exposure through ETFs like Invesco S&P 500 Equal Weight Communication Services ETF (NYSE:RSPC) and ALPS Global Travel Beneficiaries ETF (NYSE:JRNY).

Portfolio Pulse from Nabaparna Bhattacharya

September 25, 2024 | 7:14 pm

Paramount Global (NASDAQ:PARA) is undergoing significant layoffs as part of a restructuring effort to cut costs and improve streaming profitability. The company expects a restructuring charge of $300-$400 million in Q3. PARA stock has lost over 17% in the past year.

Portfolio Pulse from Nabaparna Bhattacharya

September 24, 2024 | 4:16 pm

Verizon Communications Inc. (NYSE:VZ) is set to acquire Frontier Communications Parent, Inc. (NASDAQ:FYBR) in a $20 billion all-cash deal, offering a 43.7% premium over Frontier's 90-day VWAP. The acquisition will enhance Verizon's fiber network and is expected to close in 18 months, pending approvals. Verizon reaffirms its FY24 outlook and anticipates $500 million in annual cost synergies. Frontier shares fell 9.72%, while Verizon shares rose 1.21%.

Portfolio Pulse from Lekha Gupta

September 05, 2024 | 11:36 am

Paramount Global (NASDAQ:PARA) is trading higher due to Skydance Media's revised offer to purchase National Amusements and merge with Paramount. The offer includes a 26% premium for nonvoting shareholders and a $1.5 billion cash injection into Paramount's balance sheet. The deal aims to reduce Paramount's debt and address its financial challenges.

Portfolio Pulse from Anusuya Lahiri

June 03, 2024 | 12:27 pm

Frontier Communications Parent, Inc (NASDAQ:FYBR) reported a 1.5% year-on-year revenue growth to $1.46 billion, beating analyst estimates. EPS was $0.00, surpassing the expected loss. Growth was driven by fiber-based products and an 18% increase in fiber broadband customers. The company also reiterated its FY24 EBITDA outlook of $2.20 billion to $2.25 billion. FYBR shares rose 7.29% to $25.75. The stock is also part of Invesco S&P 500 Equal Weight Communication Services ETF (NYSE:RSPC) and SPDR S&P Telecom ETF (NYSE:XTL).

Portfolio Pulse from Anusuya Lahiri

May 03, 2024 | 5:56 pm

Charter Communications Inc (NASDAQ:CHTR) reported a slight revenue growth of 0.2% in Q1 2024 to $13.68 billion, missing expectations. EPS was $7.55, below the consensus of $7.92. The company saw a drop in residential internet and video customers but grew in internet, mobile service, and commercial sectors. Adjusted EBITDA margin increased to 40.2%, though free cash flow decreased due to higher capital expenditures. Charter reiterated its 2024 capex outlook and maintains its revenue and EPS consensus. CHTR stock has fallen over 19% in the past 12 months.

Portfolio Pulse from Anusuya Lahiri

April 26, 2024 | 2:41 pm

Paramount Global (NASDAQ:PARA) and Skydance Media are in advanced merger talks, with a potential valuation of Skydance at about $5 billion. The merger discussions include buying out controlling shareholder Shari Redstone and are supported by KKR and RedBird Capital Partners. The deal, expected to finalize in May, has faced delays and sparked investor concerns. Additionally, Apollo Global Management (NYSE:APO) and Sony Group Corp (NYSE:SONY) have shown interest in buying out Paramount Global shareholders. PARA stock has lost 44% in the last 12 months, with recent price action showing a 1.72% drop.

Portfolio Pulse from Anusuya Lahiri

April 26, 2024 | 12:41 pm

AT&T Inc. reported a slight decline in Q1 2024 operating revenues to $30.03 billion, missing consensus estimates. However, adjusted EPS of $0.55 exceeded expectations, leading to a stock price increase. The company saw declines in Mobility equipment revenues and Business Wireline revenues but reported increases in wireless net adds, AT&T Fiber net adds, and improved churn rates. Adjusted EBITDA rose to $11.0 billion, with significant increases in operating cash flow and free cash flow. AT&T's focus under CEO John Stankey has been on its core communications services, recovering from recent incidents including a network outage and a security breach. The company maintains its FY24 outlook with expected growth in wireless and broadband revenues, and reaffirms its 2025 EPS growth guidance. AT&T stock is accessible through ETFs like RSPC and XLC.

Portfolio Pulse from Anusuya Lahiri

April 24, 2024 | 1:00 pm

Paramount Global (NASDAQ:PARA) shares are rising after reports emerged that Sony Group Corporation (NYSE:SONY) and Apollo Global Management, Inc. (NYSE:APO) are considering a bid for the company. Despite Paramount's current exclusive negotiations with Skydance Media, the potential offer would involve purchasing all outstanding Paramount shares, aiming to privatize the company. Apollo previously made a $26 billion bid for Paramount and a separate $11 billion offer for its film studio. The joint bid with Sony would see Sony Pictures managing Paramount and its film library, while Apollo would take over CBS and local TV stations. PARA stock has dropped over 51% in the past year but saw a 9.9% increase to $12.04 recently. Investors can also gain exposure to PARA through Invesco S&P 500 Equal Weight Communication Services ETF (NYSE:RSPC) and Invesco S&P 500 Pure Value ETF (NYSE:RPV).

Portfolio Pulse from Nabaparna Bhattacharya

April 19, 2024 | 2:10 pm

Benchmark analyst Matthew Harrigan reiterates a Buy rating on Comcast Corp (NASDAQ:CMCSA) with a $55 price target, highlighting the company's significant growth portfolio and underappreciated market valuation. NBCU's strong Olympic ad sales, with $1.2 billion in commitments for the upcoming games, surpassing Tokyo's $1.25 billion, reflect positively on Comcast's strategic investments and Peacock's momentum. The company's focus on cross-platform advertising and partnerships, such as with The Trade Desk, positions NBCUniversal as a leader in AdTech. Comcast's stock is also accessible through Invesco BuyBack Achievers ETF (NASDAQ:PKW) and Invesco S&P 500 Equal Weight Communication Services ETF (NYSE:RSPC).

Portfolio Pulse from Anusuya Lahiri

April 10, 2024 | 6:32 pm

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