Wall Street Collapses but Verizon, T-Mobile, and AT&T Rise. Here's Why

The stock market had a terrible end to the week, and very few companies were spared from the carnage. Three that were up are in the telecom industry and probably aren't on your list of top stocks right now. But maybe they should be.

Despite the S 500 trading down 2.2% at 3 p.m. EDT, shares of Verizon (NYSE: VZ) have been up as much as 2.7%; AT (NYSE: T) was up 2.6%; and T-Mobile (NASDAQ: TMUS) was up 3.6% at its peak. The stocks are now essentially flat on the day, but that's notable given the market sell-off overall.

The reason wireless companies have held up well comes down to their stability and debt. These aren't growth companies, but you can see below they're about as stable as it gets (AT's revenue decline was from the spin-off of Warner Bros.).

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Source Fool.com