This story was originally published here.
In the last few months, AT&T (NYSE:T) formed a downtrend as its dividend yield rose. Shareholders braced for the worst ahead of its third-quarter earnings report. Instead, AT&T stock bounced back sharply from the yearly low to close to $27 today.
Besides the generous dividend yield in the 7.5% range, investors may resume accumulating shares despite its other risks.
In the third quarter, AT&T posted impressive subscriber growth in wireless and fiber broadband. This lifted cash flow and reaffirms the company’s financial strength continued in the period. The telecom giant added over 5 million domestic wireless accounts.
Within that, it added over 1 million postpaid customers and 245,000 prepaid net additions. The net churn of 0.69% is a sharp improvement from 0.77% last year.
The entertainment group fared well, as AT&T added 357,000 Fiber customers. Still, premium TV losses are troubling but expected.
Story continues here.
Dump America’s Most Popular Brand NOW
During times of great volatility, investors often cling to what they’re familiar with… including the stocks of companies they know best.
Fear and conventional wisdom push people to the biggest brands.
But what if I told you that America’s top stock picker — a man with 40 recommendations that have gained at least 1,000% in his career — believes that America’s most popular brand is a “must sell” right now?
That’s exactly what Eric Fry is saying…
Because this giant of the past was doomed with or without the fear of a pandemic. Eric believes it’s one of 25 big-name stocks that are going to experience hard times, even if a coronavirus cure is found tomorrow.
And, remember, Eric is the legendary trader that accurately predicted the collapse of more than 70 stocks. That includes Cisco (fell 75% in a year after his prediction), Tyco (fell 74% in the year after his prediction), and Countrywide Financial (fell 87% in the two years after his prediction).
Instead, Eric believes anyone with money in the market should focus on four companies that are in position right now to help people capture huge market gains.
You probably haven’t heard of a single one of these firms…
But you will.
Get the facts for yourself and be one of the first to learn more about the four stocks you should buy right now… as well as the 25 companies you should sell immediately, on our website, here…
Regards,
Brian Hunt
CEO, InvestorPlace
P.S. Tune in to this video presentation now, while it is still available, and Eric will reveal what he believes will be his next 1,000% winner. The name, the ticker symbol, and why it’s such a screaming buy… it’s all in Eric’s presentation and FREE to view. Just keep in mind, this valuable information won’t be up on our website forever.
