Communication services stocks have been gaining traction among investors over the past week. As the stock market continues to trade sideways, it appears that some of the top communication stocks have been showing signs of recovery. For instance, Roblox (NYSE: RBLX) saw its stock price climbing more than 25% over the past week. This coincided with the release of its February 2022 key metrics last week. Notably, its daily active users improved to 55.1 million, up 28% year-over-year.
Besides that, Meta (NASDAQ: FB) is also ramping up its efforts to improve its advertising services. Last Thursday, the company said that it will build new tools that would allow brands to prevent their ads from appearing next to unsuitable content. This means that brands will be given more control over where their ads would appear on Facebook and Instagram. Overall, it is reasonable to believe that there will be more room to grow for the communication services sector. If you share the same sentiments, here are some of the top communication services stocks in the stock market today.
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