Two forgotten technology stocks are popping up today for pullbacks. Both were featured in last week’s earnings recap.
AT&T (T) gapped up last week after a surprisingly strong quarter. The telecom giant outperformed on both mobile and broadband subscribers. Now it may have an additional boost from 5G rollouts. T retraced the bullish gap and is holding near long-term lows. It also averages more than 150,000 options contracts per day.
Ericsson (ERIC) also surged last week, following its second consecutive strong quarter. The Swedish telecom supplier seems to have the double-impact of a long-term turnaround plus 5G demand. It’s been viewed as an alternate to Huawei.