Someone Bet Big on a Communications ETF Ahead of Netflix Earnings
- State Street’s XLC sector ETF takes in most cash since October
- Google, Netflix earnings put original FANG stocks in spotlight
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At least one investor is placing a bullish wager on communications stocks leading up to Netflix Inc.’s earnings report Thursday.
The $3.8 billion Communication Services Select Sector SPDR Fund, or XLC, took in over $662 million on Wednesday, the most since October. A large chunk of that appears to have come from one trader, who bought close to 5 million shares worth more than $223 million.