The Telco Sector only slipped -0.2% yesterday making it the best on ground in the space with heavyweight TLS rallying by over +2% and TPG by +0.9%. We remain bullish both of these household names regarding any market-based weakness as a buying opportunity e.g. TLS is already 6% above its Tuesday low. Both stocks pay a decent dividend, have the ability to raise prices if required and are reasonably insulated to an economic downturn making them prime candidates for almost any portfolio in today’s economic climate.
MM is bullish and long Telstra & TPG
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