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3 Dogs of the Dow to Short Now

These blue-chips are being weighed down by fundamental and technical issues alike

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Dogs of the Dow #3: AT&T (T)

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AT&T (T) is suffering from the same dynamics pulling down Verizon — namely, the fact dividend stocks are looking less attractive given the bump up in Treasury yields. Other factors include a recent analyst from JPMorgan from “overweight” to “neutral” and comments from the company CFO that margins are under pressure due to higher capital spending — necessary in the now mature but highly competitive wireless space.

AT&T is the worst of these Dogs of the Dow with mere 2% gains year-to-date. I’m looking for a return to at least the September low — a 6% loss from here.

As of this writing, Anthony Mirhaydari did not hold a position in any of the aforementioned securities.

Article printed from InvestorPlace Media,

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