FCOM's Holdings Could Mean 30% Gain Potential
ETF Analysis: The Fidelity MSCI Communication Services Index ETF (FCOM) has an implied analyst target price of $69.56, indicating a potential upside of 29.80% from its current trading price of $53.59.
Stock Performance Insights: Notable underlying holdings such as Lions Gate Entertainment Corp, ATLANTA BRAVES HOLDINGS, and Atlanta Braves Holdings Inc show significant upside potential based on analysts' target prices, raising questions about the validity of these targets amidst market developments.
Trade with 70% Backtested Accuracy
Analyst Views on FCOM

No data
About the author


52-Week Range of FCOM: FCOM's share price has a 52-week low of $48.96 and a high of $73.8162, with the last trade recorded at $71.95.
Understanding ETFs: Exchange-traded funds (ETFs) function like stocks, where investors buy and sell "units" that can be created or destroyed based on demand.
Monitoring ETF Flows: Weekly monitoring of shares outstanding helps identify ETFs with significant inflows (new units created) or outflows (units destroyed), impacting the underlying holdings.
Author's Views: The opinions expressed in the article are those of the author and do not necessarily represent the views of Nasdaq, Inc.
Court Ruling Impact: Shares of Alphabet (GOOGL) rose approximately 6% after a federal court ruling that overruled severe penalties proposed by the U.S. Department of Justice, allowing Google to retain its Chrome browser and continue its financial agreements with companies like Apple.
Financial Performance: GOOGL has shown strong performance with a year-to-date gain of about 12% and a 46% increase since early April, supported by a solid Growth and Momentum Score of B.
ETFs Exposure: Several ETFs have significant exposure to Alphabet, including iShares Global Comm Services ETF (14.49%), Fidelity MSCI Communication Services Index ETF (13.90%), and Vanguard Communication Services ETF (13.32%), among others.
Legal Developments: The ruling is seen as a positive development for Google, as it allows the company to maintain its business practices without the need to divest from key assets like the Android operating system.
Record Highs for Alphabet: Alphabet Inc. Class A (GOOGL) and Class C (GOOG) reached record highs of $210.52 and $211.09 on August 25, driven by AI products, a growing Google Cloud business, and new partnerships.
ETF Exposure to Alphabet: Several ETFs have significant exposure to Alphabet, including Fidelity MSCI Communication Services Index ETF (FCOM) with 25%, Vanguard Communication Services ETF (VOX) with over 23%, and Communication Services Select Sector SPDR Fund (XLC) with 20%.
Strong Second Quarter Performance: Alphabet's second-quarter results showcased its leadership in AI and cloud computing, with Google Cloud revenue increasing by nearly 32% to $13.62 billion, surpassing expectations.
Future Growth Potential: Alphabet's strategic partnerships, such as a $10 billion deal with Meta and discussions with Apple, along with the valuation of its self-driving subsidiary Waymo at $173 billion, position it well for future growth in various technology sectors.
Stock Performance: Alphabet Inc. (GOOGL) reached an all-time high of $210.52 on August 25, 2025, driven by advancements in artificial intelligence and cloud services.
Financial Growth: In Q2 2025, Alphabet reported earnings of $2.31 per share, with net revenues of $81.72 billion, surpassing estimates, while Google Cloud revenues grew by 31.7% year over year.
Strategic Partnerships: Alphabet has secured significant partnerships, including a $10 billion cloud agreement with Meta Platforms and potential collaboration with Apple to integrate AI models into Siri.
Market Outlook: Analysts project an average price target of $220.43 for Alphabet's stock, indicating a potential increase from its current trading price, alongside various ETFs that have substantial exposure to the company.
Telecom Industry Growth: The telecom sector has seen significant growth, with the S&P Telecom Select Industry Index rising over 40% in the past year, driven by strong profits from AT&T and Verizon, advancements in AI, and potential interest rate cuts that could lower capital expenses.
ETFs Performance: Several ETFs focused on telecommunications, such as iShares U.S. Telecommunications ETF and SPDR S&P Telecom ETF, are performing well due to their holdings in major companies like AT&T and Verizon, reflecting a positive outlook for the industry amidst favorable macroeconomic conditions.
Telecom Sector Performance: The telecom sector showed strong growth, with the S&P Telecom Select Industry Index rising over 40%, outperforming the broader S&P 500. Both Verizon and AT&T reported positive second-quarter results for 2025, exceeding earnings and revenue estimates.
Future Outlook: The outlook for the telecom industry remains optimistic due to anticipated AI advancements and potential interest rate cuts. Verizon expects wireless service revenue growth of 2%-2.8%, while AT&T plans continued investments in 5G and fiber to adapt to market changes.










