Telecom stocks are out front for the second straight day, but it's not just optimism over...

|By:, SA News Editor

Telecom stocks are out front for the second straight day, but it's not just optimism over AT&T's (T) bid for T-Mobile (DTEGY.PK). Some of the advance could be defensiveness; telecoms are "a good place to hide" amid the recent market swings, one portfolio manager says. Also, high dividend yields are attractive to investors looking to switch out bond positions.