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A look at Spotify’s chart after its post-earnings jump — and where it can go from here

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Markets,Spotify Technology SA,Communication Services Select Sector SPDR Fund

Spotify reported second-quarter results that beat top and bottom line expectations, sending the stock surging 11%

. This reaction is especially encouraging, as it's happening during a tumultuous market environment with lots of geopolitical and domestic political uncertainty. Against this backdrop, it helps to understand a stock's technicals, fundamentals and broader market environment drivers. Let's take a top-down look at Spotify. Spotify is part of the newer communications sector that was launched in 2018. The heavyweights in this group are Alphabet, Meta and Netflix.

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