Looking for high, safe income? If you’re like many investors, you probably look to electric utilities first. But I think telecom stocks are a better bet right now. I’ll give you my top three in a minute. First, let me explain why. The allure of utilities is obvious: you have to buy power whether the economy is soaring or tanking. Utilities also give you “China insurance,” because they’re almost entirely focused on the US.
There are certainly still great buys in the electricity space (like the five I named a few weeks ago), but telecoms offer fatter yields and better value right now. Here are three of my favorites right now: Verizon Communications Inc (VZ), Comcast Corporation (CMCSA) and TELUS Corporation (TU). These three telecom stocks are great buys now.
Source: InvestorPlace
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Hey D4L,
Nice picks. I also think telecom stocks are a very safe bet. Who doesn't have a cell phone? My favourite is TU but I've been considering VZ.
DB