After looking at all of the stocks on the Dow Jones Industrial Average and comparing their current share prices with their average analyst price targets, both AT&T and Verizon are trading above their their average estimates at this time.
Both of these dividend giants are up big this year, after shelter-seeking investors chased each company's yield and pushed shares significantly higher. Austin is inclined to think that most of these companies' gains have already been had and that the next 12 to 18 months will result in subpar returns.
That doesn't mean there aren't profits lef in this sector, though -- you just have to look elsewhere, such as at Apple and Google. See more in the following video.
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