Just noticed XTL hitting fresh 52-week highs lately, and the gains have been pretty solid. We're talking about a 126.8% jump from the lows around $85.16 earlier in the year. The State Street Telecom ETF has been riding some positive momentum these past few weeks.

What's driving this? Telecom stocks seem to be holding up well as defensive plays right now. You've got the usual 5G expansion happening, plus all the AI-related data consumption pushing revenues higher. Even with the geopolitical noise out there, connectivity remains essential, so the sector's showing real resilience.

The weighted alpha sitting at 95.10 suggests there might be more upside in the near term. It's one of those situations where the positive new week quotes from the sector are backing up what the technicals are showing. The fund tracks the S&P Telecom Select Industry Index with a 35 basis point annual fee, so it's not the cheapest option, but the performance has been hard to ignore for momentum-focused investors.