AT&T (T) perhaps is turning into a safe haven for investors.
Credit Suisse upgraded T on Friday because of “signs across the industry of growing discipline around pricing and subsidies“.
We can clearly see that T is breaking out while SPY is having trouble finding its next direction.
Looking at our Truth Serum research T is also much less volatile vs. SPX.
Will institutional investors and retail investors be looking at T as a ‘flight to safety’ play?