Telecom stocks have been known as safe havens to investors in times of global economic uncertainty. Telecom companies generate a majority of their revenues from within the U.S., where the economy has remained relatively stable. With the near-record low yields on 10 year Treasury bonds investors have flocked to the Telecom Industry.

The Paragon Report examines investing opportunities in the Telecom Industry and provides equity research on Sprint Nextel Corporation S +1.60%  and Verizon Communications Inc. VZ +0.07% .

Over the last three months the Telecom sector has been the strongest performer of the 10 sectors in the S&P 500 index. The sector has recently reached the No. 1 spot on Bank of America Merrill Lynch's ranking of sectors' price momentum relative to the broader market, and earlier this week was labeled "near overbought" by the bank. "They are becoming a little bit more stretched, as far as momentum goes," said Stephen Suttmeier, technical analyst at Bank of America Merrill Lynch. "More investors are aware that these groups are outperforming. You've got to be selective [picking stocks] when you get to these levels."

Paragon Report releases regular market updates on the Telecom Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.

Sprint Nextel last month announced that it has entered into a new $1 billion credit facility with Deutsche Bank and a syndicate of other banks to finance equipment purchases from Ericsson for Network Vision. Shares of the company have soared over 33 percent in the last month.

Verizon Communications currently offers investors an annual dividend of $2.00 per share for a yield of around 4.6 percent. The company and Hughes Telematics, Inc. earlier this month announced a definitive merger agreement under which Verizon will acquire Hughes Telematics for $12.00 per share in cash, or a total of $612 million.