"The completion of our nation's transition from analog to digital TV in June will allow the analog spectrum to become available for different uses," points out David Sandell.

Here, the contributing editor of Leeb's Income Performance Letter explains why AT&T (NYSE: T) and Verizon (NYSE: VZ) are poised to be the biggest beneficiaries among leading telecoms.

"Customers are increasingly seeking lower-cost services and delaying purchases of more costly equipment. But the companies are adapting, particularly through cost-cutting and strengthening their balance sheets by paying down and restructuring debt.

"AT&T and Verizon, the telecom industry leaders, were the big spenders for rights to the powerful analog signals when the FCC auctioned off much of the freed-up spectrum in early 2008.

This post is part of a series in which TheStockAdvisors.com asked financial experts to name their top stock pick if McCain or if Obama wins the election.

"A President McCain will be pro-growth but should be more aggressive in oversight as it pertains to mergers and acquisitions; with that being said, we like CenturyTel Inc. (NYSE: CTL)," says Kelley Wright, editor of Investment Quality Trends.

"CTL provides a variety of communications services to 25 states in primarily rural area and small to mid-size cities.

"The company offers local and long distance services, as well as enhanced voice services, as well as high-speed and dial-up Internet.

"In June the company increased its annual dividend to $2.80 from $0.27, reflecting its confidence in their growth model and as a deterrent to possible suitors.

"The blue-chip stocks that we recommend, including CTL, show exemplary long-term dividend growth, a P/E ratio of 15 or less, a payout ratio of 50% or less, debt of 50% or less, and technical characteristics on the daily and weekly charts that suggests the potential for imminent capital appreciation.

"Currently yielding almost 7.0%, CTL offers tremendous value in both dividend yield and the potential for long-term capital appreciation."

Steven Halpern's TheStockAdvisors.com offers a daily look at the latest market commentary and favorite stock picks and investment ideas from the nation's leading financial newsletter advisors.