Some of the Telecoms are losing strength on being overbought. It might be time to buy on the next market pull back(s)
Dish Network Upgraded On TV Spectrum Auction Scenarios Macquarie Capital upgraded Dish Network (DISH) to buy on views that most scenarios on how a government spectrum auction could play out look better for the satellite TV broadcaster. Macquarie Capital analyst Amy Yong upgraded Dish Network to buy from neutral and maintained a price target of 62, in a research report. Dish Network stock was up 1.5%, above 52, in early trading in the stock market today. The pay TV provider's stock, however, is down 8% in 2016. Dish Network has amassed nearly 80 megahertz of radio spectrum for mobile video services, but it's been unable to partner with Verizon Communications (VZ), T-Mobile US (TMUS) or Sprint (S) on a service. AT&T (T) acquired No. 1 satellite TV firm DirecTV Group in 2015. The Federal Communications Commission is auctioning off radio spectrum owned by local TV broadcasters. The second phase of the complex auction is slated to start Aug. 16. The auction is expected to continue into late 2016. http://www.investors.com/news/technology/dish-network-upgraded-on-tv-spectrum-auction-scenarios/
Big drop in Telecoms today and the VOX is very oversold. The pickings are wide and I went with a 1st tier buy on some T NOV 18th $16 calls. VZ would probably be another good choice.