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Cycle Long '24: Telecom Infra & Utilities
4 tickers · $159.96B total market cap
Group: Cycle Long
The thesis for Cycle '24: Telecom Infra & Utilities is mixed, with a focus on the potential for stable cash flows from utility-like infrastructure investments, balanced against headwinds from rising interest rates and regulatory challenges. The investment in telecom infrastructure like AMT, CCI, and SBAC is driven by ongoing demand for data and connectivity, while PNW represents a play on consistent utility returns. Investors are cautious of the interest rate environment which could impact financing costs and valuation metrics for these capital-intensive sectors.
Cycle Long '24: Telecom Infra & Utilities tracks 4 publicly listed stocks in this theme: AMT, CCI, PNW, SBAC. See the constituent table for details.
Thesis update: 2025-04-01
Constituents
Build 20260520T081747
| Company | Previous Quarter Report Date | Next Expected Report Date | Last Quarter Earnings Move % | Earnings Move % | Intra-Quarter Move % | Since Last Report % | Market cap | Weight |
|---|---|---|---|---|---|---|---|---|
American Tower CorporationAMT | 04/28/2026 (BMO) | 04/28/2026 (BMO) | -3.98% | 1.65% | -3.93% | 2.70% | $85.35B | 25.0000 |
Crown Castle Inc.CCI | 04/22/2026 (AMC) | 04/22/2026 (AMC) | -6.07% | 3.06% | 6.34% | 5.51% | $40.30B | 25.0000 |
SBA Communications CorporationSBAC | 04/29/2026 (AMC) | 04/29/2026 (AMC) | 4.68% | 1.66% | 7.36% | -6.19% | $22.01B | 25.0000 |
Pinnacle West Capital CorporationPNW | 05/04/2026 (BMO) | 05/04/2026 (BMO) | -0.51% | -2.16% | 4.02% | 0.20% | $12.30B | 25.0000 |
| Average | -1.47% | 1.05% | 3.45% | 0.55% | $39.99B | 25.0000 | ||
| Median | -2.25% | 1.65% | 5.18% | 1.45% | $31.16B | 25.0000 | ||
| Std Dev | 4.07% | 1.94% | 4.43% | 4.32% | $28.05B | 0.0% | ||
| Min | -6.07% | -2.16% | -3.93% | -6.19% | $12.30B | 25.0000 | ||
| Max | 4.68% | 3.06% | 7.36% | 5.51% | $85.35B | 25.0000 | ||
| % Positive Tickers | 25.00% | 75.00% | 75.00% | 75.00% |
* Provisional value: before LstRpt% reaches its 2-day post-report lock window (BMO/AMC adjusted), EarningsPerf is calculated from current vs pre-report and then locks to final LstRpt%.