XTL: Amazon For Globalstar Is Just The Latest Catalyst

Amazon.com, Inc.'s $11.6 billion acquisition of Globalstar highlights surging demand for space-focused telecom, boosting XTL, where GSAT is the largest holding. I maintain a buy rating on the State Street SPDR S&P Telecom ETF, citing pristine momentum, an attractive 19.8x P/E, and a PEG near 1.0 amid a bullish technical setup. XTL's high small-cap exposure (60%) and low yield (0.95%) make it a tactical, growth-oriented telecom play rather than a defensive income vehicle.