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Investor's Business Daily

Investor's Business Daily

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Business & Economics

Why Telecoms Are Outperforming Amid Market Correction

Investor's Business Daily
Summary
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80% Informative

Telecom stocks AT&T , T-Mobile US ( TMUS ) and Verizon Communications (VZ) may be defensive plays amid the growing rout in technology stocks and broad market correction.

AT &T holds a Relative Strength rating of 95 out of a best-possible 99 .

Verizon stock tumbled from its early March peak, but is back above a double-bottom base buy point.

Verizon last year agreed to buy Frontier Communications in an all-cash deal valued at $20 billion .