Time to Put Telecom on Hold?

After the strong run for wireline operators, the stocks are starting to look look pricey, according to S&P's Todd Rosenbluth

Could wireline-telecommunications stocks be ready for a breather, as indicated by the recent double top in its relative strength chart? From both a fundamental and technical perspective, it appears to us as if the wireline-telecom group may become market performer, or even an underperformer, in the months ahead.

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