Communication Services sector in focus as investors gear up for Alphabet, Meta earnings

The S&P 500 Communication Services sector is firmly in the spotlight this week, ahead of quarterly reports from its top two constituents Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL) and Meta Platforms (NASDAQ:META) on Tuesday and Wednesday, respectively.

Ahead of GOOG and META’s earnings, Seeking Alpha constructed a top 10 list for investors per its Quant Ratings for the sector. The screener used was Communication Services sector stocks with at least a $10B market cap and either a Buy or Strong Buy rating. Highlighted below is the list ranked by quant grades.

No. 10: Sea Limited (SE), quant rating of 3.45.

No. 9: AT&T (T), quant rating of 3.47.

No. 8: Netflix (NFLX), quant rating of 3.49.

No. 7: Meta Platforms (META), quant rating of 3.49.

No. 6: Liberty Broadband (LBRDK), quant rating of 3.69.

No. 5: Take-Two Interactive Software (TTWO), quant rating of 3.81.

No. 4: Tencent Music Entertainment (TME), quant rating of 3.90.

No. 3: Publicis Groupe (OTCQX:PUBGY), quant rating of 4.41.

No. 2: Alphabet (GOOG) (GOOGL), quant rating of 4.84.

No. 1: T-Mobile US (TMUS), quant rating of 4.94.

Year-to-date price action: SE +145.1%, T +31.7%, NFLX +53.8%, META +63.4%, LBRDA +0.4%, TTWO -0.1%, TME +31.4%, PUBGY +18.5%, GOOG +19.4%, and TMUS +42.1%.

Moreover, for investors looking for additional exposure towards the Communication Services sector, they can look towards exchange-traded funds as a diversified investment approach towards the space. Some funds worth noting are as follows:

Communication Services ETFs: (XLC), (VOX), (IYZ), (RSPC), and (XTL).