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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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Paramount Global (NASDAQ:PARA) is in exclusive talks with Skydance for a potential merger, after rejecting a $26 billion bid from Apollo Global Management, Inc. (NYSE:APO). PARA stock has declined over 35% in the past year. 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). The merger discussions follow Paramount's board rejecting Apollo's bid, with PARA shares trading lower by 1.92% to $13.26 in premarket.

Portfolio Pulse from Nabaparna Bhattacharya

April 04, 2024 | 12:37 pm

Walt Disney Co (NYSE:DIS) and the Florida government, led by Gov. Ron DeSantis, have settled their legal disputes over the governance of Walt Disney World's special district. The settlement ends a two-year standoff related to Florida's 'Don't Say Gay' law, with Disney agreeing to work with the new board appointed by DeSantis. This agreement is expected to lead to significant investments and economic opportunities in Florida. Disney reported first-quarter revenue of $23.5 billion and an adjusted EPS of $1.22. DIS shares rose 0.31% to $120.30. Investors can also gain exposure to Disney through AdvisorShares Gerber Kawasaki ETF (NYSE:GK) and Invesco S&P 500 Equal Weight Communication Services ETF (NYSE:RSPC).

Portfolio Pulse from Anusuya Lahiri

March 27, 2024 | 6:00 pm

Apollo Global Management Inc (APO) has offered $11 billion to buy Paramount Global's (PARA, PARAA) film and TV studio, surpassing Paramount's market value of $7.7 billion. The bid is part of a review by Paramount's independent committee, which is also considering a merger with Skydance Media. Paramount, known for hits like 'Top Gun: Maverick', has seen interest from various buyers, including Netflix Inc (NFLX). Paramount's stock rose following Apollo's bid announcement. Other strategic options for Paramount include talks with Warner Bros. Discovery Inc (WBD) and a potential partnership with Comcast Corp (CMCSA). Paramount's stock can be accessed through Invesco ETFs (RSPC, PEJ).

Portfolio Pulse from Anusuya Lahiri

March 21, 2024 | 12:03 pm

Benchmark analyst Matthew Harrigan has reiterated a Buy rating on Warner Bros. Discovery, Inc (NASDAQ:WBD) with a price target of $20, citing a strong opening for Dune: Part Two and a positive outlook for the company's IP and streaming strategy. The company is expected to benefit from its studio/DTC/network triad, with significant contributions from the Harry Potter and Dune series. The analyst also highlighted the potential for Warner Bros. to generate sustainable $1 billion+ in EBITDA post-2025. Investors can gain exposure to Warner Bros. through Invesco Leisure And Entertainment ETF (NYSE:PEJ) and Invesco S&P 500 Equal Weight Communication Services ETF (NYSE:RSPC). WBD's stock is currently trading lower by 5.82% at $8.17.

Portfolio Pulse from Anusuya Lahiri

March 04, 2024 | 7:24 pm

Satellite company Ligado Networks has filed a lawsuit against the U.S. government, alleging that the Defense and Commerce Departments obstructed its business plans. The company seeks compensation of up to $39 billion for spectrum rights it claims were unjustly denied. This comes amid a looming threat of $4 billion in November bond payments. The lawsuit alleges that the Pentagon took control of Ligado's spectrum in the L-band without disclosing alternative purposes to other regulators or Congress.

Portfolio Pulse from Vandana Singh

October 13, 2023 | 6:14 pm

The US telecommunications industry is under pressure following a Wall Street Journal investigation revealing that telecom companies, including AT&T, Verizon, Telephone and Data Systems, and Frontier Communications Parent, neglected over 2,000 decaying lead-containing cables. The news led to a significant drop in the stocks of these companies. The companies defended their practices and are taking steps to address the issue. Five ETFs with high exposure to these telecom stocks are also affected.

Portfolio Pulse from Piero Cingari

July 18, 2023 | 8:36 pm

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