BOSTON ( TheStreet) -- Institutional investors, the so-called smart money, have been doing more buying than selling in only one industry this year: telecommunications services.That may well be because four of the eight companies that make up the sector in the S&P 500 Index are the ultimate defensive plays if you want to stay in stocks. They pay huge dividends and have inimitable franchises that put a floor under their share prices if the broader equity market continues to fall.
Wall Street's Favorite Industry and the Four Stocks It's Buying
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