Shares of AT&T (NYSE: T) popped 10.6% in January, according to data from S&P Global Market Intelligence. The telecommunications company reported it had strong subscriber growth across its business lines in the fourth quarter, leading investors to bid up the stock. After the company spun off its entertainment division last year, investors are appreciating a more streamlined strategy to grow phone and broadband subscribers.
Value stocks dramatically underperformed growth stocks during the last bull market. Growth equities benefited from low interest rates; high levels of innovation in tech, telecom, and biotech, and supercharged earnings.
These high-octane income stocks, with yields ranging from 4.3% to 15.4%, have been bought hand over fist by billionaire investors.