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Raging Bull podcast: Jeff Bishop likes telecom and VOX for the long run

RagingBullRagingBull ·

Jeff Bishop of TopStockPicks.com says that while most sectors are overextended and unattractive, telecommunications — down about 6 percent on the year — is getting to where it’s an attractive long-term buy, positioned to do well if purchased on pullbacks and held into 2018. Bishop said he would use Vanguard Telecommunications Services (VOX) for this play, noting that it almost trades like a bond thanks to a  4 percent dividend and low volatility. Bishop is not yet in the trade but said he will buy VOX around $91 per share, adding on if it falls to $88; he’ll set a stop in case it drops as far as $85, but he expects VOX to get past $95 and possibly as high as $100, with the dividend payout to boot.

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Jeff Bishop is lead trader at TopStockPicks.com, running short-term trading strategies primarily using ETFs and stock options. At the time this conversation was taped on Oct. 17, he had no shares, options or open ordersi in VOX, but he was looking to buy the ETF on dips as described in the interview. The Raging Bull podcast features experts from the site talking with Raging Bull editor Chuck Jaffe on his show, “Money Life with Chuck Jaffe.” You can learn more about Chuck’s daily hour of market and personal-finance chat at MoneyLifeShow.com; you can subscribe to the Raging Bull podcast via iTunes and other podcast providers.

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