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
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.