Telecom Q1 Earnings to Watch Early Next Week: TMUS, T, INFN The southward trend in estimate revisions is probably the most talked-about issue right now. As more and more companies come up with their quarterly results, market consensus of negative earnings growth for the fourth consecutive quarter is looking more likely. This view is further solidified by the magnitude of downward revisions for the quarter, which is the highest in recent past. The S&P 500 earnings forecast for this quarter against the year-ago period indicates a 10.9% decline as per the Zacks Trend report. However, the U.S. telecommunications industry is looking up in spite of estimates falling over the last three months. In fact, telecommunications is one of the few industries to have undergone rapid technological improvement even amid the recession. Although the U.S. telecom industry has lately emerged as an intensely contested space where cut-throat pricing competition may put pressure on margins going forward, rising demand for technologically superior products provides a silver lining in an otherwise tough environment. More http://finance.yahoo.com/news/telecom-q1-earnings-watch-early-141702898.html
Update: The VOX and its holdings will now be used to gauge the Telecom Sector. The first post has been changed accordingly.
Telecoms taking on the chin today in this market sell off. S is up on earnings and T and TMUS holding up good.
Exclusive: Verizon, AT&T set to make final round of bids for Yahoo web assets - sources http://finance.yahoo.com/news/exclusive-verizon-t-set-final-040916897.html
Stocks Open Sharply Lower As Panic Rules World Markets The only Telecoms that are up are the ones with a high yield
Yahoo! Bids Are on Tap Second-round bids were reportedly provided by Verizon (VZ) , AT&T (T) , private equity firms, and a group led by Quicken Loans founder and Cleveland Cavaliers owner Dan Gilbert. With some of the bids also covering Yahoo!'s patents and real estate, and some only covering the core business, their values reportedly range from about $3.5 billion to over $5 billion. Either way, the sale price is set to equal a small portion of Yahoo!'s current $35.6 billion market cap, given the lion's share of the company's equity value is tied to its stakes in Alibaba and Yahoo! Japan. https://www.thestreet.com/story/136...plans-price-hikes.html?puc=yahoo&cm_ven=YAHOO
This is what probably causedn T and VZ to mostly sell off today and drag the sector down Why Citigroup Is Warning That AT&T and Verizon Yield-Chasing Has Gone Too Far http://247wallst.com/telecom-wirele...t-and-verizon-yield-chasing-has-gone-too-far/