Broadband Carriers & Network Suppliers

Own the carriers selling connectivity and the equipment and fiber suppliers that build their networks, rather than another AI-compute basket. The recent pullback offers an entry point into recurring connectivity demand: AT&T and Verizon have free-cash-flow yields of 11.4% and 10.7%, respectively. Network investment supports the supplier side, although carrier capital-spending restraint and price competition remain risks. Launch basket (equal weight): T, VZ, CSCO, CIEN, GLW, TMUS, NOK Rules: 1. No inverse, leveraged or volatility ETFs. 2. Only names tradable at the enrolled brokers (Moomoo): no OTC listings, no dead tickers, nothing on the refused list.