During this still ongoing equity market sell-off, shares of telecom utilities are faring much better than the high-growth and cyclical players. Among the former group: America’s largest telecom operator, AT&T (NYSE:T).
The stock has just declined, losing about 3.5% during the past month versus the 11% drop experienced by the benchmark S&P 500 Index over the same period, which also saw a major re-pricing of risk after the global outbreak of coronavirus.
T Weekly (Image not shown due to low ratings)
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Good post