It's Wednesday, April 24th. This is Market Foolery. I'm Chris Hill in

joining me in studio today for a million dollar portfolio Charlie Travers

from Motley Full Stock Advisor, Jim Mueller and for Motley Full Inside Value, Joe Meager.

Gentlemen, earnings Palusa continues.

Yay!

We've got Netflix, we've got Hershey, but we are going to start with a couple of Dow stocks, AT&T and 3M will start with AT&T.

Shares up 4% earlier today after first quarter earnings were up 5%.

Charlie Travers?

What's the story with America's largest phone company?

Sure, I think companies like AT&T and Verizon

are the unappreciated winners of the smartphone

and tablet revolution.

These companies have been catching a lot of heat lately for selling iPhones and supposedly

they depress their margins due to the subsidies and that is not the case here. They are benefiting greatly actually

from people using iPhone and iPads. And the reason is that these

subscribers have 90% higher revenue per user than people who are not on a smartphone.

And so the trend over the last year is as AT& has increased its subscribers from 31 to 41 million, a greater percentage of those people are on

smartphones than they were last year.

And so that means higher data plans and data packages where AT&T gets more and more money out of them.

And so I think AT&T is a big win here.

Joe, what do you think?

Well, last quarter was the first one where new wireless contracts

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