Telecom and Cable Stocks Drop On Verizon Earnings Miss

Verizon's revenue miss is causing a harsh sell-off in telecom stocks, but is it warranted?Verizon (VZ -6.08%) reported earnings this morning and fell short of analyst estimates -- and that's caused AT&T (T -2.98%) and Comcast (CMCSA -1.37%) to fall with it. The market seems to be taking a sell-first, ask-questions-later approach to this earnings season so far.Shares of Verizon traded as much as 7% lower on the day, Comcast dropped 3.2%, and AT&T was down 4.2%. The stocks were off 6.3%, 1.5%, and 3% respecti ...