Investors’ favorite stocks have all along been defensive stocks which pay steady dividends. These are also stocks which provide everyday services. So what are these favorite stocks? Well, it has to be the three telco stocks: Singtel, StarHub and M1 stock. Looking at the stock chart of these three stocks, we can note that these three stocks have been recording highs such that a top has been formed for them. And we can also note that the three stocks have started to head south from their tops. Going forward, I think there is limited room for the three stocks to advance since the US Federal Reserves have signaled that the interest rate hike is on the card. When interest rates increase, traditionally good dividend stocks like telcos stock will not be favored, this is what many thought since with interest rates hike, there are more financial instruments where investors can ......