3 Sorry Telecom Stocks to Sell in February While You Still Can

In light of recent developments from the Federal Reserve, with Chair Jerome Powell’s apparent reluctance to cut interest rates in the upcoming March meeting, the telecom sector faces growing uncertainty. The shift in analyst expectations now anticipates only a 34% chance of rate cuts, contrasting sharply with the previous 73% forecast. This led to a major impact on tech and telecom stocks. Particularly, the S&P Telecom ETF’s year-to-date drop of more than 2% against the S&P 500’s gain of 4% underscores the ...