AT&T and Verizon – A Boring, No-Brainer Double Buy

This Friday, hordes of tech-obsessed (and status-conscious) American will bum-rush stores to get their hands on a new Apple (AAPL) iPhone, be it the plain ol’ iPhone 6 or the “phablet” iPhone 6 Plus. But another stampede has been in progress for months — of investors clawing their way into Apple stock, with Wall Street driving AAPL stock higher by nearly 10% in the past three months as buzz over these new offerings swelled to a fever pitch.

Should you buy Apple stock now and ride the hype machine even higher? Or is Apple’s march to all-time highs doomed just like its last peak back in 2012, which saw AAPL prices nearly halved in less than a year? I don’t know. Personally, I get all my tech-growth jollies from Tesla (TSLA), so I don’t care. What I care most about Apple’s high-profile release is what it means for the big, boring, cash-generating machine of Big Telecom — AT&T (T) and Verizon (VZ).

Source: InvestorPlace

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